Author Topic: Bitcoin Investment Trust Could IPO by October  (Read 4859 times)

Online king

  • King
  • ***********
  • Posts: 68,663
Re: Bitcoin Investment Trust Could IPO by October
« Reply #50 on: June 12, 2017, 06:42:53 PM »



Bitcoin
Business in the age of Ethereum
Business in the age of Ethereum
 Blockchains are the new Linux, not the new internet
Blockchains are the new Linux, not the new internet
 Even the world’s largest bitcoin exchange couldn’t handle this week’s cryptocurrency boom
Even the world’s largest bitcoin exchange couldn’t handle this week’s cryptocurrency boom
Browse more...
 mt.gox  money  bitpay
Bitcoin just surged past $2,000 for the first time
Posted May 20, 2017 by Jon Russell (@jonrussell), Fitz Tepper (@fitztepper)
Next Story

The world’s most popular cryptocurrency is now worth over $2,000 per coin.  That’s according to a range of bitcoin exchanges, including Coinbase and Kraken. That valuation puts the total market cap of bitcoin — the total number of coins in circulation — at $32.92 billion.

Bitcoin has been on a tear this year, as this chart from Coindesk shows.



Bitcoin first broke the $1,000 valuation mark way back in 2013, but a combination of factors — including the implosion of then-top exchange Mount Gox — saw the currency drop in value. Support from financial institutions trialed bitcoin and blockchain-based services, and a general stability following new regulation in China, saw bitcoin return to the $1,000 mark again at the end of last year. Since then, its valuation has continued to grow consistently through 2017.

When we wrote about bitcoin (and ethereum) hitting all-time highs back at the end of April, you could buy a bitcoin coin for $1,343. Now, some three weeks later, the valuation is up 50 percent. The price of a coin rose 12 percent over the past week alone.

But bitcoin isn’t the only cryptocurrency on the rise. Ripple, the centralized currency that is aiming to be a settlement protocol for major banks, has surged more than 10x, or 1000% in under a month making it now the second most valuable cryptocurrency (only behind bitcoin) in circulation.

Similarly, ethereum, a cryptocurrency designed to function as a blockchain-based computing platform for developers, is now trading $130 per coin with a total market cap of just under $12B, which represents a a little more than a 2x increase over the last month.

The result of these increases is that bitcoin no longer constitutes the majority of the market cap for all cryptocurrencies. Today the total market cap of bitcoin represents just 47% of total cryptocurrencies – up until a few months ago it consistently hovered around 80%.



Why have these other cryptocurrencies been performing so much better than bitcoin? Some say it’s because of bitcoin’s scaling issue. The currency has grown so large that the network is having trouble quickly confirming transactions unless users attach hefty fees for minors. And while the problem can be fixed with solutions like SegWit or Bitcoin Unlimited, the most powerful miners (who effectively control the codebase of bitcoin) haven’t been able to come to a consensus on which new protocol to implement.

While increases of 10x in a month would typically be an obvious sign of a bubble, it’s a little different with cryptocurrencies because no one really knows how much they should be worth. Unlike a company there are no assets or revenues we can use to assess a predictable valuation. So in one sense, a total cryptocurrency market cap of $70B is insane – considering there is no tangible value behind it.

But on the other hand, if (any of) these cryptocurrencies actually replace or supplant a global store of value like gold, then $70B is nothing. For example, the total estimated value of all gold mined is around $8.2 trillion USD. Meaning that right now all cryptocurrencies put together don’t even equal 1% of the world’s gold reserves. Similarly, there is currently about $1.5 trillion USD in circulation, meaning that all cryptocurrencies today are still worth less than 5% of USD in circulation.

The currency is in unchartered waters at $2,000, but some * believe it has the potential to reach $10,000 (or more). To achieve this the community would likely have to sort out the scaling issue, which would give investors confidence that bitcoin’s infrastructure be able to support it as it grows.

Malaysia's Biggest Investment Forum

Re: Bitcoin Investment Trust Could IPO by October
« Reply #50 on: June 12, 2017, 06:42:53 PM »

Online king

  • King
  • ***********
  • Posts: 68,663
Re: Bitcoin Investment Trust Could IPO by October
« Reply #51 on: June 13, 2017, 06:38:49 AM »



Monday, 12 June 2017 | MYT 6:44 PM
Bitcoin price triples since start of year to break through US$3,OOO
image: http://www.thestar.com.my/~/media/online/2017/05/31/02/18/bitcoin-business.ashx/?w=620&h=413&crop=1&hash=FD801A46CE3A054E02A9C0D95A0EE62469A38242
The price hit an unprecedented US$3,108, three times the US$985 it was worth early this year.
The price hit an unprecedented US$3,108, three times the US$985 it was worth early this year.
 
HONG KONG: The price of bitcoin recorded a new high, soaring to break through US$3,000 on Monday, buoyed by rising enthusiasm for the world’s most popular cryptocurrency.

The price hit an unprecedented US$3,108, three times the US$985 it was worth early this year.

Trading of the virtual currency in China picked up again after the country’s major bitcoin exchanges officially resumed withdrawal services in June.

Volumes in China rebounded to above 30 per cent of all global bitcoin trading on Monday from about 10 per cent in late May, but still far below the 80 per cent it accounted for a year ago.

“Bitcoin trading in China started to become active again after the cryptocurrency trading platforms resumed withdrawals this month,” said Xiao Lei, a bitcoin expert and chief analyst with online gold trading platform G-banker. “The resumption triggered a short-term price rally.”

OKCoin, China’s largest bitcoin exchange, officially resumed withdrawals for its traders on May 31. Huobi and BTCC, other major bitcoin exchanges in the mainland, followed suit by announcing the coin withdrawals would again be available for all of their users.

The price rebounded, jumping to US$2,400 immediately after the announcement.

In February, China’s three largest bitcoin exchanges put a stop to withdrawals of the cryptocurrency as the government took measures to cool the market after the unprecedented price rally.

“I think the easing of China’s regulation [the resumption of withdrawals] is one of the factors to drive the digital currency price to jump above US$3,000,” said Xiao.

“However, I believe the participation of global cryptocurrency enthusiasts, especially those from developed countries such as Japan and Korea, contribute much to the robust rise of the bitcoin price.”

The price climbed above US$2,000 for the first time in Japan in late May and the country’s trading volume accounted for 50 per cent of the global total.

The market was buoyed by increasing demand from Japanese investors when BITPoint Japan, the company behind Peach Aviation, announced it would accepted bitcoin for ticket purchases and planned to allow other Japanese retailers to accept the digital currency.

However, the Japanese government has also tightened the rules, stipulating that bitcoin exchanges should register with the state and comply with know-your-customer and anti-money-laundering regulations after the price rally.

“I do not see any sign of traders’ appetite for the digital currency abating and the price of bitcoin may remain robust if more and more overseas investors become involved in the industry,” said Xiao.

“The biggest uncertainty in this industry is the possible tightening of rules by China’s government, who always take measures to curb the overheated market.” - South China Morning Post
 
TAGS / KEYWORDS:
Forex

Read more at http://www.thestar.com.my/business/business-news/2017/06/12/bitcoin-price-triples-since-start-of-year-to-break-through-us$3ooo/#QFzSWO5rAEQtA8Hu.99

Online king

  • King
  • ***********
  • Posts: 68,663
Re: Bitcoin Investment Trust Could IPO by October
« Reply #52 on: June 14, 2017, 07:01:52 AM »



财经 > 国际 > 比特币如坐过山车 首破3000美元后骤挫
比特币如坐过山车
首破3000美元后骤挫
372点看 2017年6月13日
 

(纽约13日讯)比特币周末创新高,然后在美国东部时间周一早间跳水。


比特币周日首次升破3000美元关口,在屡创新高的春季再创新高。

今年以来不到6个月的交易时间,比特币价格已累计上涨212%。3000美元的价格较4月上涨约180%。

美国东部时间周一凌晨,比特币一度升至约3041美元,然后横盘数小时。

不过在六点前后,比特币开始骤跌,大约半小时便直线下跌至2664美元,跌幅11%。

无直接触发因素

目前,比特币报2789美元,跌幅约7.6%。比特币这次大跌不存在任何直接触发因素,不过,一位推特用户名为BTCVIX的交易员在推文,几笔大交易也许掀起了一场结算潮,这有可能触发了一轮获利回吐。

按正常标准来看,这种情况十分奇怪,但对于比特币走势和更广泛的加密数字货币领

Online king

  • King
  • ***********
  • Posts: 68,663
Re: Bitcoin Investment Trust Could IPO by October
« Reply #53 on: June 16, 2017, 06:59:15 AM »



Can gold investors ignore the hype and emotion? See Cycle of Emotions chart - Hope phase now ...


The Fed is Pulling the Plug On the Market (For Now)
by Phoenix Capital... - Jun 15, 2017 9:25 AM
What you or I think about this doesn’t matter: we’re not in charge of Fed policy.

 
Bitcoin Plunges To 2-Week Lows On Triple-Whammy Of Concerns

Tyler Durden's picture
by Tyler Durden
Jun 15, 2017 8:32 AM
171
SHARES
TwitterFacebookReddit
After ralying over 80% in the last month, Bitcoin prices are tumbling (down 25% from record highs to 2-week lows) as cryptocurrencies face uncertainty on three fronts.

 



 

As iBankCoin reports, investors are spooked over recent cyberattacks, uncertainty surrounding a Bitcoin platform upgrade, and proposed legislation which adds cryptocurencies a list of reportable assets under existing anti-money laundering laws.

Cyber attack


As CNBC reports, major bitcoin exchanges were hit with multiple cyberattacks this week. Bitfinex, the largest U.S. dollar based bitcoin exchange, announced it was under ‘distributed denial-of-service’ attacks (DDOS) which slowed the service down.  The attacks come at a time when consumer interest in bitcoins have also led to heavier than normal traffic on the exchanges, compounding the attacks.

Online king

  • King
  • ***********
  • Posts: 68,663
Re: Bitcoin Investment Trust Could IPO by October
« Reply #54 on: June 16, 2017, 11:28:45 AM »



财经商业视频时事国际地产图天下副刊地方体育娱乐言论市场情报
主页 > 财经 > 国际 > 比特币大起大落 价格暴跌18%
比特币大起大落
价格暴跌18%
371点看 2017年6月16日
(纽约16日综合电)比特币价格在攀上史上最高纪录后波动加剧,彭博报价显示,比特币价格周四盘中暴跌18.66%至2076.16美元,本周跌幅扩大至26.75%,迈向近2年半来最大单周跌幅。

比特币本周一曾升逾3000美元大关,今年累计升幅达3倍,但其后持续走低,有分析称,这可能与货币交易平台Coinbase出现交易暂停问题有关。


Coinbase周一表示,因为比特币当日交易量太高而出现服务中断。该平台于周四称,正在调查加载时间的开始,客户可能无法登陆网站。

另边厢,高盛早前曾警告,如果科技股高位回落,比特币可能有下跌风险。

摩根士丹利分析师周三则指出,比特币需要被政府接受和监管,价格才能继续上涨。

此外,美国参议院讨论打击洗黑钱与资助恐怖分子活动的法例,或对虚拟货币交易有所波动,这可能会令比特币价格波动。

新闻来源:综合报道


Online king

  • King
  • ***********
  • Posts: 68,663
Re: Bitcoin Investment Trust Could IPO by October
« Reply #55 on: June 19, 2017, 06:42:36 AM »




SUBSCRIBE ›PROWATCHLIST

 


MARKETS
US  EU  ASIA  OIL  BONDS  GOLD
In relief rally, bitcoin jumps more than 20% from June low
In less than three days, bitcoin bounced more than 20 percent from its low of the month.
Developers appeared to reach some agreement on a technological upgrade that threatened to divide bitcoin in two.
Bitcoin remains more than 150 percent higher year-to-date.
Evelyn Cheng   | @chengevelyn
Saturday, 17 Jun 2017 | 4:29 PM ET
CNBC.com
496
SHARES
Denarium Bitcoins.
Adam Jeffery | CNBC
Denarium Bitcoins.
Bitcoin quickly bounced back from the lows of June, amid improved sentiment about the future of the digital currency.

ADVERTISING

Bitcoin traded higher Saturday near $2,680, up more than 20 percent from a June low of $2,185.96 hit Thursday that had erased gains for the month, according to CoinDesk.

Worries about overexuberance in digital currencies overall and heated debate among developers about how to upgrade bitcoin's technology weighed on its price.

"A proposal was accepted to merge the two upgrade methods, making them compatible," Brian Kelly, a CNBC contributor and founder of BKCM, which runs a digital assets strategy, said Friday. "So we have seen a relief rally on this progress."

Kelly added that the latest development "reduces the threat of a coin split, but we are not out of the woods yet. The miners still need to agree to this merged upgrade."

Bitcoin one-week performance



Source: CoinDesk

Bitcoin development fight

Bitcoin's future relies on a network of developers, who have announced two incompatible methods for upgrading the digital currency system: BIP148 and SegWit2x. Both are set to go into effect later this summer, and their potential for dividing bitcoin in two has ramped up uncertainty among investors.

This week, a developer named James Hilliard announced a proposal that would make the two upgrades compatible, and SegWit2x developers said Friday they would adopt Hilliard's idea, according to Bitcoin Magazine.

Bitcoin remains more than 150 percent higher year-to-date, while another digital currency called ethereum has skyrocketed more than 4,000 percent this year and came closer this week to topping bitcoin in market value.

A slew of other major events in the digital currency world rocked bitcoin as well after it topped $3,000 for the first time last Sunday.

Adding to worries of overexuberance, money flooded cryptocurrencies as Bancor raised a record $153 million Monday in a process called an "initial coin offering." Separately, IOTA began trading Tuesday on Bitfinex in a record debut that sent its market value to $1.5 billion.
Meanwhile, the largest U.S. dollar-based bitcoin exchange Bitfinex and a smaller BTC-e exchange reporteddistributed denial-of-service, or DDoS, attacks.
Wall Street took note of bitcoin's meteoric rise this week, with Morgan Stanley issuing a report on bitcoin's blockchain technology and Goldman Sachs saying in a technical analysis of bitcoin's price that it should fall slightly.
Evelyn Cheng CNBC
Evelyn Cheng
Writer

Online king

  • King
  • ***********
  • Posts: 68,663
Re: Bitcoin Investment Trust Could IPO by October
« Reply #56 on: June 23, 2017, 08:27:29 PM »





Trump: Mueller And Comey's BFF Status 'Very Bothersome'
by ZeroPointNow - Jun 23, 2017 1:08 AM
"The point is this - he's not independent"


The Left Melts Down After Trump Declares: 'There Are No Comey Tapes'
by The_Real_Fly - Jun 22, 2017 10:56 PM
The biggest meltdown since Trump took two scoops.
Former State Dept And CIA Employee Arrested, Charged With Federal Espionage
by ZeroPointNow - Jun 22, 2017 7:13 PM
"Your object is to gain information, and my object is to be paid."
Is Bitcoin Money?

Tyler Durden's picture
by Tyler Durden
Jun 23, 2017 5:00 AM
55
SHARES
TwitterFacebookReddit
Authored by Valentin Schmid via The Epoch Times,

Up 158 percent against the U.S. dollar this year, bitcoin is now the best-performing currency. Many are confused as to how this mathematical protocol can be worth more than $2,600, and why it keeps going up. The short answer: Bitcoin is money, just a little better and cheaper than the alternatives.

If you don’t understand money, you cannot understand bitcoin. For most of us, money is the U.S. dollar, the fiat currency of the United States issued by the Federal Reserve and maintained by the commercial banking system.

But even this system is confusing. Most people don’t hold Federal Reserve notes anymore; they hold money in checking accounts or use their credit cards to buy things. This is electronic fiat money, stored on the servers of banks like JPMorgan Chase and Bank of America.

This type of money is a great medium of exchange. Because the state mandates the acceptance of fiat money by all commercial actors, you can pay everywhere with dollars and, as a bonus, the prices of consumer goods seldom change more than a few percent per year.





Other attributes that make the dollar useful as a medium of exchange are its divisibility, recognizability, and indestructability—at least in electronic form—and the ease with which it can be exchanged.

consumer_price_index

However, there is a problem with the dollar as a medium of exchange over time. Since the creation of the Federal Reserve in 1913, the dollar has lost about 95 percent of its purchasing power. This devaluation is hardly visible over the course of days, months, and even years, but it is painfully felt over the span of decades.


So it’s hard, if not impossible, to exchange the same value over time with the U.S. dollar, and investors need to expose themselves to other assets to protect purchasing power. This is a general problem of fiat currencies and bank money, which are both prone to mismanagement by the state and banks, mostly because they can be reproduced at will. More dollars chasing the same amount of goods leads to rising prices.

Value Over Time

This is the reason why people have traditionally resorted to gold to protect themselves from monetary inflation. Gold is also easily recognizable, divisible, durable, and concentrates a lot of value in little space. One troy ounce now costs about $1,250.

However, its uses as legal tender have been limited since the demise of the true gold standard at the beginning of the 20th century, and it is not easily transferred in physical form like the electronic dollar. Furthermore, its price is relatively volatile when measured in dollars in the short term, and the IRS collects tax on gains in dollars, making gold even less exchangeable.

But gold cannot be replicated at will and therefore is a better way of exchanging value over time. One dollar bought almost 20 bottles of Coca-Cola in the 1930s. It now buys less than one. One ounce of gold bought 700 bottles of Coke in the 1930s; it now buys almost 800.

Decentralized Electronic Money

Once one understands that money needs to be able to exchange value in time and space, it is easier to see why bitcoin is so attractive.

Although it cannot handle as many transactions as the banking system, it is relatively easy and cheap to transfer. Hundreds of thousands of businesses and individuals voluntarily accept bitcoin as payment. Its mathematical properties are recognizable, infinitely divisible, and indestructible.

As a medium of exchange, mainly because of legal tender laws, bitcoin is not as widely accepted as the dollar or other fiat currencies, but it is easier to transfer than gold and it is also subject to taxation.

bitcoin2

In the long term, bitcoin has similar properties to gold because it cannot be replicated at will and the number of coins is limited to 21 million. This means that bitcoin is better than the dollar for transferring purchasing power through time.  It is similar to gold, although gold has a far longer track record.


Its decentralized management is another factor making it attractive for people who distrust fiat currency and the banks.

Cheap Alternative

Given that bitcoin is better than gold in the short term and much better than the dollar in the long term across the dimensions we have described, it’s not surprising that people chose to diversify their money holdings into this independent currency due to frustration with the mismanagement of fiat money and manipulation of gold prices.

There is another reason why bitcoin is attractive as a currency. Despite its record high in dollar terms, it is still cheap in aggregate. All Bitcoins are only worth $43 billion. All gold ever mined is worth around $7.5 to $10 trillion, although estimates vary. As for the U.S. dollar, just the M2 measure of bank money, including checking accounts, puts its worth at $13.5 trillion.

If bitcoin were to establish itself as an alternative currency and store of value alongside gold and the dollar, a total valuation of $1 trillion would not be inconceivable. That’s $47,600 per coin.

Online king

  • King
  • ***********
  • Posts: 68,663
Re: Bitcoin Investment Trust Could IPO by October
« Reply #57 on: June 29, 2017, 01:58:23 PM »




 
主页 > 财经 > 国际 > 比特币市值占比 重返40%
比特币市值占比
重返40%
198点看 2017年6月29日
(纽约29日综合电)在以太坊加密货币价格大跌导致总市值大幅缩水的情况下,比特币占加密货币市场市值的比率27日重返至40%以上的水准,专家并看好五年后加密货币市场的规模可能突破5兆美元(约21兆令吉)。

追踪虚拟货币网站CoinMarketCap的资料显示,在整个加密货币市场中,比特币的比重回升至41.95%,远高于以太坊的25.32%以及莱特币的2.17%。
上周比特币的比率一度回落至37%。


当前全球爆发新一轮网路攻击,骇客要求受害者支付比特币赎金,知名前避险基金经理人诺沃格拉茨认为,若加密货币能摆脱骇客阴影,五年后市场规模可望突破5兆美元。诺沃格拉茨是华尔街看好比特币的专家之一。

CoinMarketCap的资料显示,最近加密货币的跌势导致总市值缩小至大约900亿美元的水准,低于高峰时期的逾1100亿美元。

还有一场硬战要打

彭博资讯报道,诺沃格拉茨表示,那斯达克综合指数在1999年规模就已经达到5.4兆美元,为何加密货币的规模不能扩大到这种水准?现在有这么多人力资本与实体货币涌进加密货币市场,这个市场正处起飞时刻。

诺沃格拉茨说,为了达到这种水准,企业界需要发展稳健商业准则,以符合监管机关的要求,提供虚拟货币更多正当性。话虽如此,但眼前加密货币显然还有一场硬战要打,原因就出在比特币已经成为黑市商人与骇客愈来愈常使用的货币。

新闻来源:经济日报


Online king

  • King
  • ***********
  • Posts: 68,663
Re: Bitcoin Investment Trust Could IPO by October
« Reply #58 on: July 01, 2017, 02:56:04 PM »




image: http://clips.thestar.com.my/Themes/TSOL/images/navigation/searchIcon.png

image: http://clips.thestar.com.my/Themes/TSOL/images/thestaronline_res.png


 
Business News
Home > Business > Business News
Saturday, 1 July 2017
The puzzling rise of bitcoin

 
THE stratospheric rise in the price of bitcoin is fodder for conversation the world over.

Most people talking about it are puzzled by this phenomenon; wondering how real it is, how they have missed out on it, and whether a new great big bubble has been created only to soon explode. Others reckon that a sea change of currencies sans regulation is in the offing.

Seven years ago, one bitcoin was worth almost nothing at US$0.003. Today, that one bitcoin is worth more than US$2,500.

To put things in perspective, bitcoin’s value has multiplied 879,999 times since 2010.

So, what are people actually buying?

A bitcoin trader points out that many are looking to “hoard” bitcoins.

“Of course, you can spend bitcoins to purchase items at places where they are accepted. But a lot of traders are buying on speculation because the supply of bitcoin is limited,” the trader says.

There are 21 million bitcoins available, and so far, almost 70% of them have been “mined” from the Internet.

And because of the steep increase in bitcoin value, some associate it with the word “bubble”.

Billionaire investor Mark Cuban had said earlier this month that he thought bitcoin was in a “bubble”, yet he acknowledged then that there is value in the blockchain technology behind the digital currency.

One can perhaps relate the sudden hype surrounding bitcoin to “Tulipmania”, an episode in Dutch history in 1636-1637 where the price of tulip bulbs was propelled by speculators to dizzying heights.

Eventually, the bubble burst and the price of tulip bulbs crashed. The price collapsed not because of the high price of tulips, but because there was no intrinsic value in a tulip bulb.

To be sure, the bubble theory can be applied to all assets. Today, some commentators argue that global equities and the housing markets in some places are in bubble territory. The Dow Jones Index, for instance, has been hitting new highs in the last eight years.

In the case of bitcoin, it can actually be used to buy goods and services, although within limited scope. That scope is expanding. Traders of bitcoin argue that its attractiveness lies in the potential of it becoming a global currency, as well as the technology behind the cryptocurrency.

While banknotes or fiat money may not have intrinsic value, it is backed by governments and central banks that tend to exert control over the value of their currencies to keep it at desired levels. And that could be the reason why pure cash is not necessarily a good long-term investment.

Back in 2010, there was not much you could do with bitcoins. A famous example is the story of a university student who bought a pizza using 10,000 bitcoins.

Today, cryptocurrencies are starting to make their way into mainstream usage. A recent example is when the Japanese government announced that bitcoins are accepted as legal payment.

After the news broke, bitcoin’s price continued to hit new highs.

While the supply of bitcoin is limited (which explains its steep rise), it is not the only cryptocurrency available. There are more than 900 cryptocurrencies on the Internet. Many are being launched by initial coin offerings (ICOs), a process akin to an initial public offering of companies, minus all the regulation that comes with the latter. Cryptocurrency is decentralised digital money in cyberspace and not created by central banks.

Besides bitcoin, other increasingly popular cryptocurrencies include ethereum and litecoin.

Ethereum’s price has gone up more than 5,000% since the beginning of the year.

However, after peaking at US$391 in mid-June, the ethereum price has dropped more than 40% to US$291 a unit. In other words, cryptocurrencies tend to have volatile prices. Hence, it may not be the investment choice of everyone.

Going back to the story of Tulipmania, investors who had bought at the peak lost the most when the price came crashing down. Will the same happen with investors of cryptocurrencies?

It is hard to tell. The Economist recently wrote that ICOs could generate intriguing inventions and that fans hope that they will give rise to decentralised upstarts taking aim at today’s oligopolistic technology giants such as Amazon and Facebook.

However, the publication also said that this could be a dangerous way of generating innovation because of a potential crash in cryptocurrency prices. It balanced the view, though, with this: in the case of cryptocurrencies, such risks seem limited, as investors are aware of the risks and it is a fairly self-contained system, calling it a healthy bubble.

Related story:

The dawn of cryptocurrency

TAGS / KEYWORDS:
bitcoin , bubble , tulip

Read more at http://www.thestar.com.my/business/business-news/2017/07/01/the-puzzling-rise-of-bitcoin/#pTPMvaIgQdePIfXJ.99 :D

Online king

  • King
  • ***********
  • Posts: 68,663
Re: Bitcoin Investment Trust Could IPO by October
« Reply #59 on: July 01, 2017, 03:09:09 PM »




image: http://clips.thestar.com.my/Themes/TSOL/images/navigation/searchIcon.png

image: http://clips.thestar.com.my/Themes/TSOL/images/thestaronline_res.png


 
Business News
Home > Business > Business News
Saturday, 1 July 2017
The dawn of cryptocurrency

BY RISEN JAYASEELANandINTAN FARHANA ZAINUL

image: http://www.thestar.com.my/~/media/online/2017/06/30/18/57/p10_bizw_p10a_0107_jy_1pdf.ashx/?w=620&h=413&crop=1&hash=26DF795C66F8350E87BE9816A48BE2E786CD5041
Not regulated: An employee demonstrating the usage of a bitcoin automated teller machine (AT M) at BITPoint Japan Co headquarters in Tokyo. In Malaysia, the trading of bitcoins and other cryptocurrencies remains largely an unregulated activity. – Bloomberg
Not regulated: An employee demonstrating the usage of a bitcoin automated teller machine (AT M) at BITPoint Japan Co headquarters in Tokyo. In Malaysia, the trading of bitcoins and other cryptocurrencies remains largely an unregulated activity. – Bloomberg
 
Can bitcoin and ethereum challenge the traditional world of fiat currencies?

THEIR price may be volatile, they may be used by a few rogue elements and lack traceability, yet cryptocurrencies such as bitcoin are all the rage now.

Going by some reports, there are more than 900 cryptocurrencies based on blockchain technology today, but the market is led by the main ones such as bitcoin and ethereum.

Bitcoin has risen by some 771% over the last three years to hit an all-time high of US$2,871 recently. Notably, it started seven years ago at a value of almost nothing. Newcomer ethereum has seen its price spike by more than 5,000% year-to-date.

The interest of many Malaysians has been piqued, wondering if they should jump on the bandwagon. The talk is that there are a few Malaysians who have become bitcoin millionaires, as they had invested in them early. Some are bitcoin miners, a process of verifying transactions in the system, which pays in bitcoins.

But cryptocurrencies lie largely in a grey area of the law. Their actual usage is limited. So, why are people rushing to buy them?

“It is mostly (buying on) speculation and to some extent a hedging mechanism,” says an investor.

A much-written phrase on the Internet today is this: “If you bought US$5 of bitcoin seven years ago, you’d be US$4.4mil richer”. A single bitcoin was then worth a quarter-of-a-US cent.

Investors can buy these currencies through exchanges spread across the globe, including some in Malaysia.

image: http://www.thestar.com.my/business/business-news/2017/07/01/the-dawn-of-cryptocurrency/~/media/56317a733d63459a855fd46f035d5b81.ashx?h=393&w=620

 

One such exchange is called Luno, which describes itself as a global company with a local presence. On its website, it says you can buy bitcoins by transferring money into its Maybank or CIMB accounts. It provides a price list of its bitcoins and charges a fee to buy and sell bitcoins via its exchange.

Another is CoinHako, a Singapore-based cryptocurrency exchange that allows the trading of bitcoin and ethereum.

Its CEO and co-founder Yusho Liu says it started the exchange three years ago, after discovering that there was no easy way to trade in these currencies in this part of the world. Malaysian users can use the ringgit to purchase these cryptocurrencies on this exchange. CoinHako charges a fee of 0.9% for every transaction and RM2 for every withdrawal into ringgit or Singapore dollars, which will take two days to process. However, CoinHako places a trading limit of RM30,000 per user per day.

Liu says there are more than 10,000 Malaysian users of his exchange to date.

The app also allows users to use their bitcoins stored in the CoinHako wallet to buy goods and services in outlets where they are accepted.

Given that there are not that many outlets that accept bitcoins, Liu points out that a cafe called Jeq In The House in Section 17, Petaling Jaya, accepts bitcoins. The legality of these exchanges, though, is not clear.

image: http://www.thestar.com.my/business/business-news/2017/07/01/the-dawn-of-cryptocurrency/~/media/457fe8e1d0ca4de69ca5c2dbdc98f6bc.ashx?h=371&w=620

 

In Malaysia, the trading of bitcoins and other cryptocurrencies remains largely an unregulated activity.

On Jan 2, 2014, Bank Negara issued this statement: “The bitcoin is not recognised as legal tender in Malaysia. The central bank does not regulate the operations of bitcoin.

“The public is therefore advised to be cautious of the risks associated with the usage of such digital currency.”

It has not issued further statements on the matter. This essentially means that Malaysians buying and selling bitcoins are doing so at their own peril. They have no claim against the authorities if the value of their bitcoins one day plummets, or the exchange in which they store their cryptocurrencies is shut down or gets hacked.Most countries have yet to determine the legality of bitcoin.

The philosophy behind cryptocurrencies

So, are bitcoins and cryptocurrencies a huge threat to traditional finance? To be sure, while a lot has been written about this digital currency, they still do not make up a huge amount of value. Bitcoin, the biggest of them, has a total market capitalisation of a mere US$42.3bil (RM181bil). In comparison, the market capitalisation of Malayan Banking Bhd alone is RM101bil, while Apple Inc’s market value is almost 18 times bigger than bitcoin’s at US$749bil.

There are some notable peculiarities about cryptocurrencies and the technology of blockchain that enables them.

For one, its creator and participants love the idea that this is a currency (if you can even call it that) that is solely based on the principles of supply and demand, minus the involvement of any central governing authority.

A second key aspect is that it is a secure set-up, the blockchain technology not only being immutable but also close to impossible to be hacked.

image: http://www.thestar.com.my/business/business-news/2017/07/01/the-dawn-of-cryptocurrency/~/media/8b11e31096f948fe802f260b1592f52b.ashx?h=755&w=350

 

“My bet is that bitcoin is here to stay. It has been about eight years now, and no one has been able to hack it and no governing body has been able to shut it down,” quips one ethereum investor who spoke on the condition of anonymity.

Still, there is frenzied growth in cryptocurrencies. The total market capitalisation of cryptocurrencies now stands at around US$100bil and bitcoin’s market share has slipped down to around 40%.

Initial coin offerings (ICO) or new issuances of cryptocurrencies are spiking up, unnerving regulators.

This year alone, some 65 ICOs have raised US$500mil. There is at least one surfacing from Malaysia.

Some observers are beginning to draw parallels between the concept of ICOs and the many unauthorised investment schemes that have sprouted up in Malaysia which have been red-flagged by the central bank this year such as JJ Global Network, JJ Poor To Rich, JJPTR and MBI International Sdn Bhd.

But while some of these schemes had issued digital currencies, none of them operated on blockchain technology and thus cannot be said to be in the same category, cryptocurrency enthusiasts argue, adding that any digital currency not running on blockchain is open to manipulation by the issuers.

It has been reported that the US Securities and Exchange Commission is taking a hard look at the use of ICOs and how they might be a tool to circumvent securities laws.

Another troubling aspect of bitcoin is the increased reported usage of this currency by rogue elements. This is due to the anonymity element in its usage.

For example, the recent ransomware crisis impacting parts of the world saw its perpetrators demanding ransom in bitcoin. Other reports indicate payments for illegal goods and services that take place in the “dark web”.

The dark web is described as a part of the Internet only accessible through special software that allows users to remain anonymous and untraceable. It is also a place where a plethora of illegal transactions take place, such as the buying and selling of drugs.

“Anyone can use bitcoins, for good and for bad,” notes one investor, adding, however, that “so it is with other currencies such as your ringgit and US dollar”.

The difference then is the fact that illegal usage of a certain country’s currency enables that country’s authorities to take action. But no one presides over bitcoins and cryptocurrencies.

Another concern is the lack of anti-money laundering (AML) and know-your-customer (KYC) application in the buying and selling of bitcoins.

It is understood that a number of exchanges trading in bitcoins do try to implement this in their systems, but there is no standardisation of this and no central authority overlooking it.

Another concern is the unreported outflow of money. For example, a Malaysian buyer of bitcoins could cash out his bitcoins in an overseas exchange, and do so likely at a much higher value.

Bitcoin transactions are also tax-free at the moment, at least in Malaysia, considering that the authorities do not deem it a currency or an asset.

But some authorities are beginning to legitimise the use of bitcoin. Japan, for example, has recognised the cryptocurrency as a payment method, while the Philippines is recognising bitcoin exchanges as remittance companies.

Still, investing in the highly-priced bitcoin today takes some nerve. But consider this: an analyst called Kay Van-Petersen of Saxo Bank is now forecasting that the price of bitcoin could touch US$100,000 apiece in 10 years’ time.

It may seem outrageous, but Van-Petersen had in late 2016 (when the price of bitcoin was at the US$750 range) correctly predicted that the price would surpass US$2,000 in 2017.

The high price of bitcoin isn’t dissuading some investors. Ben Jern, a former radio DJ, has been actively investing in bitcoin and bought RM5,000 worth of the cryptocurrency when it was priced at around US$400 last year.

He sees investing in bitcoin as investing in technology. “I am making a bet that this technology will be widely used in the future. So, I’m not griping about its value and neither am I selling my bitcoins at these prices.”

Related story:

The puzzling rise of bitcoin

TAGS / KEYWORDS:
bitcoin , etherium , crytocurrency

Read more at http://www.thestar.com.my/business/business-news/2017/07/01/the-dawn-of-cryptocurrency/#yPWTO1yz8h0ZH2Ig.99

Online king

  • King
  • ***********
  • Posts: 68,663
Re: Bitcoin Investment Trust Could IPO by October
« Reply #60 on: July 01, 2017, 03:13:32 PM »




image: http://clips.thestar.com.my/Themes/TSOL/images/navigation/searchIcon.png

image: http://clips.thestar.com.my/Themes/TSOL/images/thestaronline_res.png


 
Business News
Home > Business > Business News
Tuesday, 20 June 2017
Bitcoin is digital gold – but will you buy a sandwich with it?

image: http://www.thestar.com.my/~/media/online/2014/02/12/04/39/bitcoins.ashx/?w=620&h=413&crop=1&hash=D75BDDACEBDF69E431DB652431A2A28F82FD1C12
“The biggest thing is are people willing to pay in bitcoin?” Wu said. “The reality is that most of our customers are other businesses and other businesses don’t use bitcoin.”
“The biggest thing is are people willing to pay in bitcoin?” Wu said. “The reality is that most of our customers are other businesses and other businesses don’t use bitcoin.”
 
LONDON: For digital-marketing agency Cooperatize.com, taking bitcoin for payment was easy enough, all co-founder Roger Wu had to do was obtain a digital wallet. To promote the move in 2014, he even penned a blog post for Forbes explaining the decision.

The number of transactions the New York-based firm has made since? Zero.

“The biggest thing is are people willing to pay in bitcoin?” Wu said. “The reality is that most of our customers are other businesses and other businesses don’t use bitcoin.”

Even as the euphoria over bitcoin reached a fever pitch last week as the price surged to almost US$3,000, slow transaction times and inertia are helping to prevent it from achieving widespread usage. Adoption has slowed, according to Morgan Stanley, after a slew of companies from Microsoft Corp to Expedia Inc initially trumpeted its use, and hurdles remain when it comes to longer-term viability.

“We see few reasons for consumers to use bitcoin over a credit/debit card given that paying online with bitcoin represents a marginally more inconvenient way to pay,” Morgan Stanley analysts wrote in a 33-page report released on June 13. Processing costs for bitcoin and other digital currencies are likely to grow, they said.

Time Inc and Dell Inc said they’ve stopped accepting the cryptocurrency, with the computer maker citing low usage. When website content management system Wordpress stopped taking bitcoin in 2015, founder Matt Mullenweg said usage was “vanishingly small,” adding that it was initially incorporated for philosophical reasons, not commercial ones.

Still, there’s plenty of evidence the price surge has helped boost bitcoin’s use – albeit from a low base.

Payment processor BitPay said its now handling about US$2mil in transactions a day, up almost threefold from April 2016. Coinbase’s volume has doubled since the start of the year. Overstock.com Inc, an online discounter, said it’s been handling around 100,000 bitcoin transactions per week, up from about 30,000 when it first added the payment method in 2014.

Yet somewhat paradoxically, there’s the question of whether its status as a red-hot asset is compatible with being a stable method of payment.

There’s the issue of volatility. This year has seen bitcoin surge and plunge by as much as 19% over the course of a day. As transactions rise, processing them is also becoming slower and more expensive because of a cap on the data the bitcoin blockchain can process – an issue whose resolution has spurred bitter infighting within the development community.

And probably most importantly, bitcoin isn’t recognised as legal tender. The US Internal Revenue Service has ruled that bitcoins are property, while regulators treat it as a commodity.

Most big businesses take bitcoin through payment processors such as BitPay and Coinbase. When a consumer makes a purchase via those platforms, he or she will pay at a conversion rate based on the latest bitcoin price.

The processors then convert the bitcoin immediately and pass the fiat currency to the seller, essentially removing all exposure to bitcoin’s volatility.

For merchants, Coinbase charges nothing for the first US$1mil and 1 percent of transaction values afterward. That compares with Visa Inc’s roughly 2% interchange rate and almost 3% charged by PayPal Holdings Inc.

The process is more complicated for shoppers. Unless your digital wallet is already on the platform that’s processing the payment, transferring bitcoins incurs a transaction fee, which can vary depending on its size, how quickly you want it processed and network conditions.

The median transaction fee was US$2.10 on June 15, compared with an all-time high of nearly US$3 reached earlier this month, according to BitInfoCharts.

Sonny Singh, BitPay’s chief commercial officer, said bitcoin is more useful in emerging economies where trust in local currencies is weaker and credit cards are less cWhile greater usage remains in question, there are often some unexpected benefits for merchants who’ve embraced bitcoin.

Since the Roast of Sherwood added a Coinbase wallet six weeks ago, it has averaged five bitcoin or ether transactions each week, according to Lee Galloway, who runs the sandwich stall with his father in a bustling street market along London’s Whitecross Street.

“For a few small payments we’ve taken, it’s a large amount of publicity,” the 32-year-old said.

“If we’re taking large amounts of cryptocurrency payments, I’ll probably have to re-address and re-look at the entire issue, but I can’t imagine that happening any time soon.” – Bloomberg

TAGS / KEYWORDS:
Career , bitcoin

Read more at http://www.thestar.com.my/business/business-news/2017/06/20/bitcoin-is-digital-gold-but-will-you-buy-a-sandwich-with-it/#0GRLBZZlVIwsTP6S.99

Online king

  • King
  • ***********
  • Posts: 68,663
Re: Bitcoin Investment Trust Could IPO by October
« Reply #61 on: July 01, 2017, 03:15:09 PM »




image: http://clips.thestar.com.my/Themes/TSOL/images/navigation/searchIcon.png

image: http://clips.thestar.com.my/Themes/TSOL/images/thestaronline_res.png


 
Business News
Home > Business > Business News
Wednesday, 14 June 2017 | MYT 12:23 PM
Morgan Stanley says Bitcoin needs regulation to keep rising

image: http://www.thestar.com.my/~/media/online/2017/01/31/06/19/bitcoin.ashx/?w=620&h=413&crop=1&hash=52E031958515D886B4777D5EFE36B29C46523BEE

 
NEW YORK: While Morgan Stanley is high on the blockchain technology that underpins bitcoin, analysts at the investment bank are a bit more cautious when it comes to the surge in the price of the virtual currency.

“The rapid appreciation of cryptocurrencies has elicited many inbound phone calls to both our banks and tech teams,” the firm wrote in a report titled 'Blockchain: Unchained’ that was released Tuesday.

“Possible explanations include investors in search of uncorrelated risk assets and technologists looking for incremental security. But governmental acceptance would be required for this to further accelerate, the price of which is regulation.” - Bloomberg
TAGS / KEYWORDS:
Markets , Bitcoin , cryptocurrencies

Read more at http://www.thestar.com.my/business/business-news/2017/06/14/morgan-stanley-says-bitcoin-needs-regulation-to-keep-rising/#AsTJAOP4Ld4P1q3c.99

Online king

  • King
  • ***********
  • Posts: 68,663
Re: Bitcoin Investment Trust Could IPO by October
« Reply #62 on: July 07, 2017, 08:12:10 PM »




image: http://clips.thestar.com.my/Themes/TSOL/images/navigation/searchIcon.png


image: http://clips.thestar.com.my/Themes/TSOL/images/thestaronline_res.png



 
Tech News
Home > Tech > Tech News
Friday, 7 July 2017 | MYT 7:09 PM
Bitcoin can be an asset but not currency: China central bank adviser

image: http://www.thestar.com.my/~/media/online/2017/07/07/11/07/bitcoin-reuters.ashx/?w=620&h=413&crop=1&hash=FDFAF9F67927F20DFE696DD29C9F9F4EDFB15D09

Many governments around the world are still mulling how to regulate and classify bitcoin. — Reuters
Many governments around the world are still mulling how to regulate and classify bitcoin. — Reuters
 
SHANGHAI: Virtual currencies like bitcoin are assets but bitcoin in itself does not have the fundamental attributes needed to be a currency that could meet modern economic development needs, a Chinese central bank adviser said.

Sheng Songcheng, adviser to the People's Bank of China (PBOC), made the comments in an interview with financial magazine Yicai published late July 6.

"Bitcoin does not have the fundamental attributes needed to be a currency as it is a string of code generated by complex algorithms.... But I do not deny that virtual currencies have technical value and are a type of asset," he said.

His comments come after the Chinese central bank increased scrutiny of the country's bitcoin exchanges earlier this year, a move that prompted the companies to stop margin lending, introduced trading fees and issue rules to rein in users.

Many governments around the world are still mulling how to regulate and classify bitcoin, whose value surged in June to hit a record just shy of US$3,000 (RM12,894.90). China has classified it as a "virtual good".

Squaring in on bitcoin, Sheng said expectations that bitcoin supply would be capped in the year 2140 would make it difficult for it to become a medium of exchange that could meet modern economic development needs as money supply should be related to economic needs.

He also said that Chinese monetary authorities should study issuing a central bank virtual currency that it could regulate and run properly. — Reuters


Read more at http://www.thestar.com.my/tech/tech-news/2017/07/07/bitcoin-can-be-an-asset-but-not-currency---china-central-bank-adviser/#T8eufwQp4FbeyJ1B.99

Online king

  • King
  • ***********
  • Posts: 68,663
Re: Bitcoin Investment Trust Could IPO by October
« Reply #63 on: July 12, 2017, 03:09:12 PM »




Edition:MalaysiaSingapore     
 Home
   

 
News Search
Home
Corporate
Sections
The Edge TV
Others
新闻
TheEdgeProperty.com
TRENDING NOW
Bandar Malaysia
FGV
1MDB
12 July 2017. Wednesday
Select Language​▼
WORLDCORPORATE
Will Bitcoin tear itself apart?
Bloomberg
/
Bloomberg

July 11, 2017 18:26 pm MYT

-A+A
(July 11): It’s time for bitcoin traders to batten down the hatches.

The notoriously volatile cryptocurrency, whose 160 percent surge this year has captivated everyone from Wall Street bankers to Chinese grandmothers, could be headed for one of its most turbulent stretches yet.

Blame the bitcoin civil war. After two years of largely behind-the-scenes bickering, rival factions of computer whizzes who play key roles in bitcoin’s upkeep are poised to adopt two competing software updates at the end of the month. That has raised the possibility that bitcoin will split in two, an unprecedented event that would send shockwaves through the US$41 billion market.

While both sides have big incentives to reach a consensus, bitcoin’s lack of a central authority has made compromise difficult. Even professional traders who’ve followed the dispute’s twists and turns aren’t sure how it will all pan out. Their advice: brace for volatility and be ready to act fast once a clear outcome emerges.

“It’s a high-stakes game of chicken,” said Arthur Hayes, a former market maker at Citigroup Inc who now runs BitMEX, a bitcoin derivatives venue in Hong Kong. “If you’re a trader, there’s a lot of uncertainty as to what happens. Once there’s a definitive signal about what will be done, the price could move very quickly.”

Behind the conflict is an ideological split about bitcoin’s rightful identity. The community has bitterly argued whether the cryptocurrency should evolve to appeal to mainstream corporations and become more attractive to traditional capital, or fortify its position as a libertarian beacon; whether it should act more as an asset like gold, or as a payment system.

The seeds of the debate were planted years ago: To protect from cyber attacks, bitcoin by design caps the amount of information on its network, called the blockchain. That puts a ceiling on how many transactions it can process — the so-called block size limit — just as the currency’s growing popularity is boosting activity. As a result, transaction times and processing fees have soared to record levels this year, curtailing bitcoin’s ability to process payments with the same efficiency as services like Visa Inc.

To address this problem, two main schools of thought emerged. On one side are miners, who deploy costly computers to verify transactions and act as the backbone of the blockchain. They’re proposing a straightforward increase to the block size limit.

On the other is Core, a group of developers instrumental in upholding bitcoin’s bug-proof software. They insist that to ease blockchain’s traffic jam, some of its data must be managed outside the main network. They claim that not only would it reduce congestion, but also allow other projects including smart contracts to be built on top of bitcoin.

But moving data off the blockchain effectively diminishes the influence of miners, the majority of whom are based in China and who have invested millions on giant server farms. Not surprisingly, Core’s proposal, called SegWit, has garnered resistance from miners, the most vocal being Wu Jihan, co-founder of the world’s largest mining organization Antpool.

“SegWit is itself a great technology, but the reason it hasn’t taken off is because its interest doesn’t align with miners,” Wu said.

Still, after previous counter-proposals championed by Wu fell through, miners last month agreed to compromise and support SegWit, in exchange for increasing the block size. Wu says the plan will alleviate short-to-medium term congestion and give Core enough time to flesh out a long-term solution. That proposal is what is known as SegWit2x, which implements SegWit and doubles the block size limit.

“You can think of the SegWit2x proposal as an olive branch,” said Wu.

Support for SegWit2x has reached levels unseen for previous solutions. About 85 percent of miners have signaled they are willing to run the software once it’s released on July 21, and some of bitcoin’s largest companies have also jumped on board.

The unprecedented level of endorsement is partly prompted by anxiety of bitcoin losing its dominant status to ethereum, a newer cryptocurrency whose popularity has soared thanks to its ability to run smart contracts and its more corporate-friendly approach.

Still, hardliners say that after more than two years of bitter arguments, a split would let people part ways to explore different visions, even if prices crash.

Some of Core supporters are pushing a separate agenda called UASF (user activated soft fork). Starting from Aug 1, it will reject transactions not compliant with SegWit. If a majority of miners do not adopt SegWit by then, two versions of bitcoin would come into existence, triggering a currency split.

“It’s moderates versus extremists,” said Atlanta-based Stephen Pair, chief executive officer of BitPay, one of the world’s largest bitcoin wallets. “It depends on how much a person values the majority of people staying on one chain at least for a little while longer, versus splitting and allowing each pursuing their own vision for scaling.”

Many Core developers continue to reject SegWit2x because they see its development and implementation as being too rushed, which they say could undermine the software underpinning bitcoin.

“To suggest a hard fork happen significantly faster than even the most minor of changes in recent history is irresponsible and dangerous,” said Matt Corallo, a Core contributor and former co-founder of Blockstream, which stands to benefit from SegWit.

Below is an outline of the main events that could unify or divide bitcoin:

* By July 21: SegWit2x software is released and supporters begin using it.
* July 21 to July 31: The community monitors how many miners deploy SegWit2x:
* If more than 80 percent deploy it consistently, that should signal community-wide adoption of SegWit and the avoidance of a split, at least for now.
* But if a majority do not deploy, expect anxiety within the community to grow as the focus shifts to the Aug 1 deadline.
* Aug 1: UASF is deployed by its supporters, who begin checking if bitcoin transactions are compliant with SegWit.

If a majority of miners still do not deploy SegWit2x or otherwise accept SegWit, and if UASF supporters do not back down, then two versions of bitcoin’s blockchain could come into existence: a UASF-backed one where only SegWit transactions are recognized, and another where all trades — SegWit and non-SegWit — are recognized.

If a split occurs, bitcoin will likely begin existing on both blockchains in parallel, resulting in two versions of the cryptocurrency. Expect traders to quickly re-price the value of both, likely leading to massive volatility.

Online king

  • King
  • ***********
  • Posts: 68,663
Re: Bitcoin Investment Trust Could IPO by October
« Reply #64 on: July 21, 2017, 08:32:26 PM »





【狂人預言】防毒之父John McAfee大膽預言:比特幣將在3年内升超50萬美元
【狂人預言】防毒之父John McAfee大膽預言:比特幣將在3年内升超50萬美元
Investment
By Presslogic on 20 Jul 2017

防毒之父John McAfee素來言行出位,而對於大熱的虛擬貨幣比特幣(Bitcoin)也有其一套獨特見解。他日前就在其個人Twitter上預測比特幣價格將會在3年内飆升至50萬美元。

Bitcoub's low of $1,800+ yesterday simply could not be maintained. In the long term Bitcoin moves above $500,000 within three years. Bets?
— John McAfee (@officialmcafee) 2017年7月17日

作為網絡安全以及軟件領域的先鋒,McAfee也一直大讚比特幣的潛質。他去年更指出比特幣將會成為全球貨幣的標準,而在週一更表示這款虛擬貨幣將會在3年内升至超過50萬美元。

I have a doctorate in point-set-topology. It predicts BC at $2,431,013 in 3 years. other math systems - between $1,900,000 and $2,600,00.

— John McAfee (@officialmcafee) 2017年7月17日

他隨後更定下狂言,指3年後比特幣的確實價格不止會上升到超過50萬美元,更會達約243萬美元(約1,897萬港元)。

比特幣自2009年面世之後就成為了虛擬貨幣的代表之一。雖然價格曾於週日跌穿2,000美元,但於本週顯著回升,今日報2,331美元(約18,199港元)。雖然日本政府將於下月暫停比特幣交易,但看來無損科技界對比特幣以及虛擬貨幣的信心。


BusinessFocus現長期徵稿。歡迎各投資界、商界人士、來稿交流對各種經濟、投資、物業、商業議題的獨特看法。如蒙投稿,請寄 businessfocus@presslogic.com,另請附上不多於100字個人簡介及近照一張。 文章一經採用將由BusinessFocus編輯部潤飾,更會開設個人專欄。

Online king

  • King
  • ***********
  • Posts: 68,663
Re: Bitcoin Investment Trust Could IPO by October
« Reply #65 on: August 06, 2017, 07:31:03 AM »





东方首页
新闻分类
热门搜索
个人设定

比特幣再创新高 突破3000美元大关
(示意图)
財经 最后更新 2017年08月5日 17时44分
比特幣再创新高 突破3000美元大关

309分享
比特幣(Bitcoin)近年逐渐成为投机人士喜欢的平台,而且价格不断上升,,最近终於突破 3000 美元(1.2万令吉)关口,创下歷史新高!

在主要比特幣交易所如 Coinbase 和 Kraken 等网站,1 BTC 已经超越 3000 美元,而在 5 月的时候还只是 2000 美元(8555令吉),可见近月价格暴涨的幅度甚大。



据《TechCrunch》今次突破 3000 美元关口之后,比特幣的总市值已经超过 500 亿美元(2138.7亿令吉),相当惊人。

继续阅读,请往下滑

相关新闻
比特幣价格 首次超越黄金
4日 • 5月前
中国大妈出手  比特幣再飆升
20日 • 一年前
「我是「比特幣」的发明者」
2日 • 一年前
媒体找到比特幣之父
9日 • 一年前
比特幣诈骗 3千港人损13亿
8日 • 2年前
现时围绕比特幣最大的未知之数是比特幣群开始出现分割比特幣的声音。

由於现时每个比特幣的运算速度已经太慢,於是已经出现分支 「比特幣现金」(Bitcoin Cash)作为比特幣的分割化版本,使用同一个区块链(Blockchain)所以可以互换,不过暂时不是所有交易所都支援这个新幣种,其价格亦相当浮动,市场態度观望。



比特幣概念创始於2009年

2009年化名为中本聪的匿名人士发表「比特幣」概念:一种没有发行单位及中间机构的开放型P2P电子货幣。透过安全性网路加密来確保货幣安全,比特幣的產出是透过电脑运算、俗称「挖矿」的动作產生,但会隨著比特幣总数增加而「越来越难挖」。

其匯率极不稳定,投资比特幣涉及风险,货幣价格可升亦可跌,甚至变成毫无价。

此外,比特幣作为可兑换实际货幣的单位,易被非法组织作为私底下的流通货幣。



比特幣透过「挖矿」发行

比特幣为中本聪在2009年发明的加密虚擬货幣,透过电脑运算(俗称「挖矿」/ Bitcoin mining)发行。由於其將交易数据纪录在区块链上,由成千上万台电脑(被称作节点)共同管理,因此和区块链一样具备透明、不可篡改、去中心等特性。

比特幣「矿场」迈向规模化和专业化。
比特幣「矿场」迈向规模化和专业化。

虽然比特幣是目前最广为流通的虚擬货幣,但却一直有一个隱忧:原有比特幣的程式码將每批交易数据容量严格限制在1MB,这让比特幣每秒只能支援7笔交易。

隨著比特幣越来越热门、交易量大增,开始出现交易延迟、手续费上涨的情形,大大限制了比特幣发展。相较下,Visa等传统金融网路每秒可处理上千笔交易

Online king

  • King
  • ***********
  • Posts: 68,663
Re: Bitcoin Investment Trust Could IPO by October
« Reply #66 on: August 08, 2017, 06:34:20 AM »




Bitcoin’s incredible rise is no secret.

Today it touched an all-time high of $3,400.

Had you bought just $1,000 worth of Bitcoin back in 2010, you’d be sitting on an over $100 million fortune today.

Online king

  • King
  • ***********
  • Posts: 68,663
Re: Bitcoin Investment Trust Could IPO by October
« Reply #67 on: August 08, 2017, 06:46:07 AM »




东方首页
新闻分类
热门搜索
个人设定

国內 最后更新 2017年08月7日 21时51分
用比特幣洗黑钱涉恐將受对付

1分享
(吉隆坡7日讯)最近加入比特幣投机活动的人越来越多,但我国財政部表示,国家银行无法监管比特幣(Bitcoin),但若有人以比特幣洗黑钱或资助恐怖活动,將在现有法律下受对付。

財政部长拿督斯里纳吉在誌期8月2日的国会书面回覆中指出,国家银行其实已在1月3日发出警告,不承认比特幣为正式货幣,並提醒国人小心在使用比特幣方面的风险,包括网络盗窃及骇客攻击。

他在回答公正党务边区国会议员李文材的该回覆中表示,由於比特幣是在没有受到监管,也没有任何官家权威机构的管理的下运作,任何政府机构都无法全面监管比特幣活动,包括国家银行。

「国家银行在法律下对消费者的保护,也因此无法应用在比特幣上。国人受促小心与比特幣及其他虚擬货幣有关的金融骗局」

继续阅读,请往下滑

相关新闻
多年斗爭白费 英迪拉抨漠视权益
7日 • 8小时前
撤回婚姻法 女律师协会:修正案没违宪
7日 • 8小时前
撤回婚姻法获內阁同意?火箭促解释
7日 • 8小时前
马大直接招生制吸引外籍生
7日 • 8小时前
赋权航委会 向乘客征费
7日 • 8小时前
他也表示,比特幣是在不揭露用户身分的情况下使用,因此有人使用比特幣来洗黑钱或资助恐怖活动。

「在此事上,若有人以比特幣洗黑钱或资助恐怖活动,大马仍有法律能加以对付。」

Online king

  • King
  • ***********
  • Posts: 68,663
Re: Bitcoin Investment Trust Could IPO by October
« Reply #68 on: August 14, 2017, 02:40:55 PM »





image: http://clips.thestar.com.my/Themes/TSOL/images/thestaronline.png
The Star Online

 
News
Business
Sport
Metro
Tech
Lifestyle
Opinion
Videos
Property
Jobs
Autos
More
image: http://clips.thestar.com.my/Themes/TSOL/images/navigation/searchIcon.png

Business NewsHome > Business > Business News
Monday, 14 August 2017 | MYT 1:20 PM
Bitcoin rises to new heights
image: http://www.thestar.com.my/~/media/online/2017/05/25/05/04/bitcoinbullsontherunasvaluechargesthroughtheus2000barrier.ashx/?w=620&h=413&crop=1&hash=E50B59CAC6AE7CD05B3AA9D6363B7DAB3A5D831D

 
HONG KONG: Bitcoin soared past US$4,000 for the first time on growing optimism faster transaction times will hasten the spread of the cryptocurrency.

The largest digital tender jumped to a peak of US$4,125.17 on Monday, a gain of 15% since Friday, after a plan to quicken trade execution by moving some data off the main network was activated last week. The solution - termed SegWit2x - had been so contentious that a new version of the asset called Bitcoin Cash was spun off earlier this month in opposition.

The split grew out of the tension between growing demand for the virtual currency and some of the design features that had fueled that popularity -- the decentralised verification procedures that ensured against hacking and government oversight. While this month’s confrontation ended up as little more than a speed bump in bitcoin’s more than 300% rally in 2017, concerns remain around the capacity to increase transaction volumes.

“Up until now a lot of people didn’t really believe bitcoin could go any higher until the scaling issue is resolved,” said Arthur Hayes, Hong Kong-based founder of bitcoin exchange BitMEX. “With this actually being implemented on protocol, theoretically the amount of transactions that can be processed at a reasonable speed is going to be much higher, so a lot of people are very bullish about bitcoin now.”

Because of a cap on the amount of data processed by bitcoin’s blockchain, transactions started to slow as its popularity boomed. The community was then divided between the SegWit2x solution backed by a group of developers and another supported by miners that sought a larger increase in the block size. The latter then became Bitcoin Cash.

Bitcoin Cash, whose price has retreated since peaking right after its birth, has neither disrupted its progenitor’s operations nor undercut its appeal.

While SegWit2x has garnered enough support for activation, challenges remain. Its next stage involves doubling the block size to 2Mb some time in November, a possibility that’s still mired in debate. Reduced support could thwart this step, with some arguing that Bitcoin Cash -- with a block size of 8Mb - has obviated the need for another “hard fork” to upgrade the bitcoin again, Hayes said.

The cryptocurrency’s staggering price surge has bolstered related businesses. Digital currency exchange Coinbase Inc. announced Thursday it’s received a US$100 mil investment. The supply of bitcoin is capped at 21 million, compared with 16.5 million that had been mined as of Saturday, according to blockchain.info.

“People are starting to price in the consumer demand from Coinbase’s US$100mil fund-raising round,” said Justin Short, London-based founder of trading platform Nous. “That’s a lot of advertising budget. Every US$1mil of marketing brings new demand, which increases the price as the supply is limited by design.” - Bloomberg
 
TAGS / KEYWORDS:
Markets

Read more at http://www.thestar.com.my/business/business-news/2017/08/14/bitcoin-rises-to-new-heights/#YpAM5TSHgBkotM5W.99

Online king

  • King
  • ***********
  • Posts: 68,663
Re: Bitcoin Investment Trust Could IPO by October
« Reply #69 on: August 15, 2017, 04:01:04 PM »




After calling latest surge above $4,000, Standpoint's Ronnie Moas raises bitcoin forecast to $7,500
The stock researcher issued a $5,000 price target on bitcoin in late July, and raised that by $2,500 on Monday after the digital currency's surge to a record high over the weekend.
Moas expects the market value of digital currencies to jump from around $140 billion to $2 trillion, and bitcoin to rise alongside that increase.
Moas said he never held any of the stocks he issued reports on, but now all of his investments are in digital currencies.
Evelyn Cheng   | @chengevelyn
Published 17 Hours Ago  | Updated 14 Hours Ago
CNBC.com
 Standpoint's Ronnie Moas raises bitcoin forecast to $7,500   Standpoint's Ronnie Moas raises bitcoin forecast to $7,500 
14 Hours Ago | 00:50
Longtime stock researcher Ronnie Moas raised his price target on bitcoin by $2,500 on Monday after the digital currency hit all-time highs over the weekend.

"What's happening is the floodgates are opening," Moas, founder of Standpoint Research, said in a phone interview with CNBC on Monday. "I believe there are hedge funds and very deep-pocketed individuals going into this now, really hundreds of millions of dollars."

Moas first laid out his views on bitcoin's potential in early July and issued a formal report at the end of last month with a price target of $5,000 for next year.

He told clients Monday he now expects bitcoin to hit climb nearly 80 percent from the weekend's records to $7,500, and maintained the digital currency could surge to $50,000 in 2027 — representing a 28 percent annual compounded growth rate.

Bitcoin three-month performance



Source: CoinDesk

After bitcoin's uneventful split into bitcoin and bitcoin cash on Aug. 1, bitcoin has soared more than 40 percent to all-time highs.

Bitcoin climbed 5 percent Monday morning to a record high of $4,321.08, more than quadruple in value for the year, according to CoinDesk. At that price, the digital currency has gained about 50 percent in August.

As institutional investor interest in bitcoin grows, Moas expects digital currencies to become part of "strategic reserves" and "asset allocation models in the near future." He also said people in foreign countries will likely want to buy digital currencies as a more stable alternative to their national currencies.

"You can't look at this as a normal situation," he said. "We're in an industry that will probably go from $140 billion to $2 trillion and the bitcoin price will probably move with that."

The total market value of more than 800 digital coins listed on CoinMarketCap.com has climbed from around $20 billion at the start of this year to about $140 billion on Monday. Bitcoin accounts for about half of that value.

Year-to-date change in global value of digital currencies



Source: CoinMarketCap

Another digital currency, ethereum, traded 1 percent higher near $307, according to CoinDesk. Ethereum has shot up more than 3,000 percent this year.

Bitcoin cash, an alternative version of bitcoin supported by a minority of developers, held steady near $300, according to CoinMarketCap.

Moas told CNBC that 100 percent of his investments are in digital currencies, with the majority in bitcoin and ethereum. He said he never invested in the stocks he issued reports on.

He added in his Monday note to clients:

"Any way that I look at these numbers, my forecasts are looking conservative. It looks to me as though we are at the same point in the adoption curve as we were in 1995 when we went from one million internet users to ten million. The following year the Netscape browser came online and we went from 10 million users to hundreds of millions of users overnight.

I expect that within a couple of years we will have between 50 and 100 million cryptocurrency users -- up from approximately ~10 million today. We only have 0.15% market penetration right now -- if that goes to 2% or 3% we will get to the $50,000 price target that I set at the beginning of July."

To be sure, many note that bitcoin remains like the Wild West compared with the established Wall Street market.

"People should understand they're not dealing with the NYSE right now. There's no regulation, there's no face that you can attach to these exchanges," Moas told CNBC, noting his digital currency holdings are spread across five exchanges.

Bitcoin lost more than half its value in 2014 as Mt.Gox, then the largest exchange by far, said it lost about 850,000 bitcoins (worth about half a billion U.S. dollars at the time) and filed for bankruptcy.

This July, the U.S. Department of Justice alleged in an indictment that a "sizeable portion" of the Mt.Gox losses were deposited in accounts controlled, owned and operated by an exchange called BTC-e and a Russian national named Alexander Vinnik. Vinnik was arrested in late July.

— Reuters contributed to this report.

Online king

  • King
  • ***********
  • Posts: 68,663
Re: Bitcoin Investment Trust Could IPO by October
« Reply #70 on: August 18, 2017, 11:46:17 AM »





image: http://clips.thestar.com.my/Themes/TSOL/images/thestaronline.png

The Star Online
image: https://tpc.googlesyndication.com/pagead/imgad?id=CICAgKDLrpKMchABGAEyCKmJIa2W7o_A


News
Business
Sport
Metro
Tech
Lifestyle
Opinion
Videos
Property
Jobs
Autos
More
image: http://clips.thestar.com.my/Themes/TSOL/images/navigation/searchIcon.png


Tech NewsHome > Tech > Tech News
Friday, 18 August 2017 | MYT 8:00 AM
Forget oil, Russia goes crazy for cryptocurrency

image: http://www.thestar.com.my/~/media/online/2017/08/17/05/49/crypto.ashx/?w=620&h=413&crop=1&hash=0494276FAFE7FD3C5EA139C13E195A66F162D8C2

Marinichev's virtual currencies mining farm operates in a former Soviet-era car factory warehouse in Moscow. — AFP Relaxnews
Marinichev's virtual currencies mining farm operates in a former Soviet-era car factory warehouse in Moscow. — AFP Relaxnews
 
Standing in a warehouse in a Moscow suburb, Dmitry Marinichev tries to speak over the deafening hum of hundreds of computers stacked on shelves hard at work mining for crypto money.

"The form of currency we are used to is about to disappear," predicts the 42-year-old entrepreneur, who also works as President Vladimir Putin's adviser on Internet matters.

Marinichev is one of Russia's leading crypto-businessmen at the helm of operations in this facility larger than a football pitch located in a former Soviet-era car factory, which collects virtual money on the accounts of its clients.

Individuals, or firms like Marinichev's, provide the computing power to run the so-called blockchain which records the world's virtual money transactions. In return for providing that service they receive virtual money, of which bitcoin is the most popular, as payment – a process bitcoiners call "mining".

Mining farms like this represent a growing craze in Russia for bitcoin and other virtual currencies not backed by governments or central banks that are increasingly used for goods and services on the Internet.

The hunt for virtual currencies is accessible "to anyone who may be hardly familiar with computer science," Marinichev said. "It's no more complicated than buying a cellphone and connecting to a mobile network."

The practice has become so popular in Russia that computer stores in the country have run out of graphic and video cards developed for gamers but are used by bitcoin miners to boost the processing power of their home computers.

Marinichev this week unveiled a more sophisticated setup, inviting investors to pitch in US$100mil (RM429.9mil) to join a mining club and develop a Russian mining chip called Multiclet through his startup.

Benefit of long winters

"The explosion of virtual currency value has made mining profitable enough to make it a professional activity," said Sergei, a 29-year-old computer scientist who runs half a dozen graphics cards plugged into the electrical grid of the company where he works.

He launched his mining operation in March, when the value of bitcoin and its main competitor ethereum, created by Russian-Canadian Vitalik Buterin, reached record heights on the currency's exchange.

Since the beginning of 2017, bitcoin has quadrupled in value, surpassing US$4,000 (RM17,170) at the weekend, while ethereum experienced a rise of 4,500% to hit a record of US$374 (RM1,605) in June, later falling to US$268 (RM1,150) in August.

While the assembly of a mining operation is easy enough, it consumes a large amount of electricity, which can reach the equivalent of several households' needs.

"All my friends who were interested in Bitcoin or ethereum built their devices and plugged them into their corporate networks, and I did the same," Sergei said. "Others cut into the municipal electrical cables."

Russia has a competitive advantage as an environment for mining, as Marinichev points out in a brochure for prospective investors: electricity here costs just 1.3US cents (5.58sen)  per kilowatt hour while long winters save money on cooling systems.

Not an absolute evil

Authorities in Russia were long suspicious of virtual money but have now come to recognise it as a force. A new bill is set to be debated this autumn which aims to regulate the possession and creation of crypto currency in the country.

The legal foundation for virtual money has so far been non-existent in Russia and it is associated with illicit activities like hacking and used to purchase drugs on the dark web.

"There is now an understanding at the highest level in the country that virtual currencies are not an absolute evil but a possible good, especially for the economy," said Marinichev.

Putin in early June even held a meeting at an economic forum with Buterin, the 23-year-old creator of ethereum, who lobbied the Russian president to expand the currency's use in Russia.

Last year, Russia's largest banks tested the platform for some of their transactions. The country's central bank even pondered development of a "national virtual currency".

Though at all-time-high in August at US$116bil (RM497.9bil) , the global cryptocurrency market is still quite young, volatile and prone to speculation.

Bitcoin, for example, lost almost a third of its value between mid-June and mid-July, before gaining it back over the course of a week. Since then, it has been regularly breaking records.

"The rush to virtual money is not a fad or a fleeting phenomenon. The virtualisation of our lives is a market process that has gone on and will continue," Marinichev said.

In a sign of the times, several cafes and restaurants in Moscow this summer began to accept payments in virtual currencies. — AFP Relaxnews


Read more at http://www.thestar.com.my/tech/tech-news/2017/08/18/forget-oil-russia-goes-crazy-for-cryptocurrency/#0byRFP8zv6xRlUzs.99

Online king

  • King
  • ***********
  • Posts: 68,663
Re: Bitcoin Investment Trust Could IPO by October
« Reply #71 on: September 02, 2017, 12:07:12 PM »




Bitcoin Surge To New Record Highs Above $4800 Amid Renewed ETF Hope

Tyler Durden's picture
by Tyler Durden
Sep 1, 2017 2:24 PM
47
SHARES
TwitterFacebookReddit
Bitcoin has surged to a new record high this morning over $4850 amid increased debt ceiling anxiety, continuing demand from South Korea and Japan amid the North Korea chaos, a potential short squeeze, and renewed hopes of SEC approval of a Bitcoin ETF.

The six biggest virtual currencies are all higher today...




NOTE - Litecoin and Veritaseum are among the day's best performers.

Bitcoin is now up 165% from pre-Fork-anxiety lows in late July...





 

Trending Articles
"What The F*ck!": Rescued Woman Blasts CNN For Exploiting…
Earlier today, CNN anchor Rosa Flores apparently chose the wrong mom to exploit in her futile effort to boost CNN…
 
Powered By 
Bloomberg's Eric Balchunas notes that Dalia Blass is set to head the SEC Division of Investment Management - which regulates, among other things ETFs. What is of note is that she is a lawyer at Ropes & Gray - the same form representing the Winklevoss twins Bitcoin ETF case. This has prompted excitement that a 'proper' (not GBTC, see below), Bitcoin ETF may be sooner than expected.

As CoinTelegraph reports, the SEC famously rejected two Bitcoin ETF proposals earlier this year, citing largely unregulated markets. They did leave themselves an out, however. The Commission indicated that in the event that a regulated futures market for Bitcoin were developed, they might reconsider. Not long ago, the Commodity Futures Trading Commission (CFTC) gave LedgerX permission to create such a futures market. The SEC agreed to hear an appeal from the Winklevoss twins earlier this year, but few watchers expected the twins to receive a different answer.

With Blass at the helm and regulated futures markets being developed, however, this could change.

Some have argued that the recent rise in the price of cryptocurrencies is driven by anxiety over the debt ceiling in the US...



And also of note, as Alistar Milne notes, there are now more open short Bitcoin positions than longs on Bitfinex, potentially causing a short squeeze...



*  *  *

Finally we note that not everyone is buying into Bitcoin...

First, GBTC (Bitcoin Investment Trust) - which we have discussed numerous times (here and here most recently) - made some headlines overnight as it topped $1000 (implying a $10,000 price for Bitcoin) and Citron's Andrew Left went on CNBC and explained why he was short...



 

The reaction this morning was an immediate dump (but buyers came right back in)...



 

Despite still trading at over 100% premium to NAV...



Aditionally, CoinTelegraph reports that David Ader, chief macro strategist at Informa Financial Intelligence, is now trying to show how Bitcoin's gains resemble that of the Nasdaq Telecommunications Index before the tech bubble burst.

An overly frothy market

Placing Bitcoin’s growth chart over that of the Nasdaq Telecommunications Index, and its subsequent rise, Adler is surmising that Bitcoin has hit the same peak and thus should be ready to plummet in a similar style.

Nasdaq reached its peak in 2000 before a monumental crash and for Adler, the similarities are there for Bitcoin’s run to this most recent all time high.

"This is the price chart for an overly frothy market, in my opinion. I just don't see anything quite as comparable to this in bubblelicious terms," said Ader, a former top-rated bond market strategist.



"I think it's going to come to a sorry ending," Ader said. "I don't know anybody who's actually used a Bitcoin for any purpose legal or otherwise. This looks like an overly frothy market and frothy markets lose their froth."

Online king

  • King
  • ***********
  • Posts: 68,663
Re: Bitcoin Investment Trust Could IPO by October
« Reply #72 on: September 04, 2017, 01:19:50 PM »





Kelly Looks to Oust Omarosa from White House for TRIGGERING Trump with News
by The_Real_Fly - Sep 2, 2017 1:53 PM
Kelly's main advisor is Leon 'Deep State' Panetta.


Infuriating: Police Arrest on Duty Nurse For Refusing to Break Law
by TDB - Sep 1, 2017 11:38 AM
The police did not have a warrant. The police did not have probable cause. The man was not under arrest. The unconscious patient could not consent.

Cryptocrash: Bitcoin Tumbles To Pre Korea-Missile-Launch Level After Topping $5000

Tyler Durden's picture
by Tyler Durden
Sep 2, 2017 1:55 PM
194
SHARES
TwitterFacebookReddit
Shortly after topping $5,000 (according to several exchanges), Bitcoin began to tumble dramatically - now down almost $500 - erasing all the post-North-Korea missile anxiety gains

Online king

  • King
  • ***********
  • Posts: 68,663
Re: Bitcoin Investment Trust Could IPO by October
« Reply #73 on: September 05, 2017, 08:30:47 PM »




WORLDCORPORATE
Bitcoin tumbles as PBoC declares Initial Coin Offerings illegal
Bloomberg
/
Bloomberg

September 05, 2017 19:23 pm MYT
 
-A+A
(Sept 5): Bitcoin tumbled the most since July after China’s central bank said initial coin offerings are illegal and asked all related fundraising activity to be halted immediately, issuing the strongest regulatory challenge so far to the burgeoning market for digital token sales.

The People’s Bank of China said on its website Monday that it had completed investigations into ICOs, and will strictly punish offerings in the future while penalizing legal violations in ones already completed. The regulator said that those who have already raised money must provide refunds, though it didn’t specify how the money would be paid back to investors.

It also said digital token financing and trading platforms are prohibited from doing conversions of coins with fiat currencies. Digital tokens can’t be used as currency on the market and banks are forbidden from offering services to initial coin offerings.

“This is somewhat in step with, maybe not to the same extent, what we’re starting to see in other jurisdictions — the short story is we all know regulations are coming,” said Jehan Chu, managing partner at Kenetic Capital Ltd. in Hong Kong, which invests in and advises on token sales. “China, due to its size and as one of the most speculative IPO markets, needed to take a firmer action.”

Bitcoin tumbled as much as 11.4 percent, the most since July, to US$4,326.75. The ethereum cryptocurrency was down more than 16 percent Monday, according to data from Coindesk.

ICOs are digital token sales that have seen unchecked growth over the past year, raising US$1.6 billion. They have been deemed a threat to China’s financial market stability as authorities struggle to tame financing channels that sprawl beyond the traditional banking system. Widely seen as a way to sidestep venture capital funds and investment banks, they have also increasingly captured the attention of central banks that see in the fledgling trend a threat to their reign.

The central bank’s Monday directive made no mention of cryptocurrencies such as ether or bitcoin.

There were 43 ICO platforms in China as of July 18, according to a report by the National Committee of Experts on the Internet Financial Security Technology. Sixty-five ICO projects had been completed, the committee said, raising 2.6 billion yuan.

“This is a positive move given the rapid proliferation of low quality and possibly fraudulent coin sales promising the moon,” said Emad Mostaque, London-based co-chief investment officer at Capricorn Fund Managers Ltd. “There is tremendous value in the model but we need to see more separation of high quality, ethical offerings versus those seeking to circumvent securities law for a quick buck.”

A cross between crowdfunding and an initial public offering, ICOs involve the sale of virtual coins mostly based on the ethereum blockchain, similar to the technology that underpins bitcoin. But unlike a traditional IPO in which buyers get shares, getting behind a startup’s ICO nets virtual tokens — like mini-cryptocurrencies — unique to the issuing company or its network. That means they grow in value only if the startup’s business or network proves viable, attracting more people and boosting liquidity.

Greater scrutiny

That’s a big if, and the profusion of untested concepts has spurred talk of a bubble. The US Securities and Exchange Commission signaled greater scrutiny of the sector when it warned that ICOs may be considered securities, though it stopped short of suggesting a broader clampdown. The regulator reaffirmed its focus on protecting investors, however, and said issuers must register the deals with the government unless they have a valid excuse.

The vast amount of money amassed in a short span of time has also attracted cyber criminals, with an estimated 10 percent of money intended for ICOs looted away by scams such as phishing this year, according to Chainalysis, a New York-based firm that analyzes transactions and provides anti-money laundering software.

Chu of Kenetic Capital said he believes China will likely eventually allow token sales, but only on approved platforms, and may even vet projects individually.

“I think they will allow the sale of tokens in a format which they deem safe and more measured,” he said.

Online king

  • King
  • ***********
  • Posts: 68,663
Re: Bitcoin Investment Trust Could IPO by October
« Reply #74 on: September 06, 2017, 06:58:06 PM »




Business NewsHome > Business > Business News
Wednesday, 6 September 2017 | MYT 4:16 PM
Seventy-eight billion reasons why bitcoin's the new gold
BY DAVID FICKLING

image: http://www.thestar.com.my/~/media/online/2017/08/10/02/47/bitcoin4-june2017.ashx/?w=620&h=413&crop=1&hash=73AF61FFBEE77558BB2CA2AEC06CA43995E8D892

 
COULD bitcoin be the next gold?

The idea has a lot of intuitive appeal. Gold bugs and bitcoin fetishists tend to share a deep distrust of fiat currency and the nation state, an impregnable bullishness about their favored asset class, and an obsessive attention to details of market movements combined with a blithe disinterest in bigger-picture issues.

The idea has become particularly popular as the value invested in bitcoin and other cryptocurrencies has marched upward over the past year.

 Even after this week's selloff, prompted by China declaring initial coin offerings illegal, the value of all cryptocurrencies in circulation is around $155 billion, according to Coinmarketcap.com.

That may sound small compared to the $7.8 trillion notional value of the world's 187,200 metric tons of gold.

At the same time, it's already about a tenth the value of the 40,000 tons of yellow metal used for investment as bullion bars and coins, and has overtaken the amount held in gold exchange-traded funds.

 At more than $78 billion, Bitcoin alone isn't far from overtaking the $90 billion-odd invested in all gold ETFs.

There are two main reasons to doubt bitcoin's viability as an investment. One is an engineering issue: Its creaky infrastructure is likely to be a turn-off for all but the hobbyist fringe. Another is more philosophical: Digital currencies have no fundamental value, so have no place in a portfolio.

Both objections are weaker than you might think.

Take infrastructure. It's certainly true that bitcoin's operations are surprisingly clunky. Just confirming a single transaction typically takes more than an hour or longer -- it briefly took more than a day at one point last month, according to software company Blockchain.info.

Having said that, financial markets are generally built on similar Rube Goldberg foundations. It's comically difficult for ordinary investors to buy an actual barrel of crude oil, as Tracy Alloway of Bloomberg News found out a few years back.

The economist John Maynard Keynes, according to one possibly apocryphal story, once measured up the storage capacity of the chapel of King's College, Cambridge after coming perilously close to having to take delivery of a month's worth of the U.K.'s wheat supply.

Completing transactions in the real world is often so clunky that some banks are already exploring using, um, blockchains instead.

What makes markets investable for the most part is not their physical foundations, but the superstructure of derivatives contracts, exchanges and clearing houses built on top.

To date, the world of bitcoin exchanges has been the wild west. When Mt. Gox filed for bankruptcy in 2014, it said it had lost 850,000 coins worth more than $450 million. Another $70 million-odd was stolen in a hack of Bitfinex last year.

The likes of Deribit and Bitmex have been offering bitcoin futures and options for some time, but major institutional investors are only going to participate if they think the clearing and settlement process is rock-solid and the exchange itself reliably solvent.

Change on that front is imminent. The Chicago Board Options Exchange is planning to start offering cash-settled bitcoin futures by next April, CNBC reported last week.

 Trading platform LedgerX LLC last month won regulatory approval from the U.S. Commodity Futures Trading Commission to act as a clearing house for derivatives settled in digital currencies.

The ability to short or take leveraged positions in digital currencies could open them to a far wider array of investors.

What, though, is the value of a digital currency?

It's a fair question, but one that could equally be leveled at gold. Since Richard Nixon ended the fixed $35 an ounce convertibility of gold in 1971, its value has risen at times (the 1970s, the 2000s) and fallen at others.

The best argument to justify investing in gold these days is not that it's an eternal “store of value” but that its very weirdness makes it special:

According to modern portfolio theory, you should buy the shiny stuff not for its superior investment returns , but because it doesn't correlate much to other asset classes such as stocks, bonds and commodities.

However, while gold did exhibit weak or negative correlations to returns on the S&P 500 for much of the 1980s and early 1990s, it's been positively correlated for extended periods since then. During gold's 2012 run-up, the two moved more or less in tandem.

If gold deserves investment dollars because its inconsistent correlation with equities helps diversify portfolios, the same argument can be made for bitcoin, too.

Digital currencies may be as vulgar as the original barbarous relic, but neither is going away any time soon. If that makes investors in both look less like seers and more like problem gamblers betting on where a fly will land -- well, welcome to financial markets.

If you'd bought gold and the S&P Index and reinvested your dividends at almost any time since the index began calculating total returns in stocks would have outperformed if you held them to the present.

Gold has outperformed over the past year, and can do so over short time periods, since its greater volatility frequently results in sharper upwards and downwards moves.

This column does not necessarily reflect the opinion of Bloomberg LP and its owners.

David Fickling is a Bloomberg Gadfly columnist covering commodities, as well as industrial and consumer companies. He has been a reporter for Bloomberg News, Dow Jones, the Wall Street Journal, the Financial Times and the Guardian.

TAGS / KEYWORDS

Read more at http://www.thestar.com.my/business/business-news/2017/09/06/seventy-eight-billion-reasons-why-bitcoin-the-new-gold/#tP0eRlTGrrCdPWjD.99

Online king

  • King
  • ***********
  • Posts: 68,663
Re: Bitcoin Investment Trust Could IPO by October
« Reply #75 on: September 11, 2017, 09:06:00 PM »




HOWARD MARKS ADMITS ‘MISTAKE’, CHANGES STANCE ON BITCOIN

 Bitcoin  Altcoin  Blockchain
KREMLIN FOR THE WIN? RUSSIA TO REGULATE CRYPTOCURRENCY MARKETS
EQUIFAX HACKERS DEMAND A $2.5 MILLION BITCOIN RANSOM ‘OR ELSE’
ACTION PACKED WEEKEND OF MAJOR LEAGUE SOCCER AHEAD AS ATLANTA UNITED WRAP UP THE SUNDAY ROSTER, FC DALLAS AT HOME IN MAJOR CLASH, ORLANDO CITY LOOKING TO UPSET DC UNITED
OI, SCHILLER! THAT’S NOT A BUBBLE – THIS IS A BUBBLE
YOU ARE HERE
NEWSLETTER SUBSCRIBE

For updates and exclusive offers
enter your email below.

 SUBSCRIBE
BUY BITCOINS


KARAN KAPOOR · SEPTEMBER 10, 2017 · 8:45 PM
BITCOIN INVESTMENT MARKETS AND PRICES NEWS NEWS TEASER
 
7,196 views
After previously slamming Bitcoin and other digital currencies as “not real”, “fad”, and “a pyramid scheme”, billionaire traditional investor Howard Marks made a spectacular U-turn on his views on the new financial technology in his latest memo to Oaktree Clients.

HOWARD MARKS’ 180 DEGREE TURN

In his July memo, Howard Marks explored the world of cryptocurrencies and leveled heavy criticism at them. However, after receiving significant backlash from various media outlets for his ‘dinosaur’ views and lack of understanding of the new financial technology, Marks decided to revisit the topic to get ‘enlightened’ and ‘educated’ on the subject. In his new September memo, he claims that Bitcoin partisans encouraged him to think of Bitcoin as a currency – a medium of exchange – rather than as an investment asset.

The billionaire investor acknowledged his ‘mistake’ as he had been looking at Bitcoin the wrong way, and humbly conceded that much of the arguments he made against the cryptocurrency were applicable to the dollar as well. Marks subsequently made the case for qualifying Bitcoin as a currency and concluded that although he sees no reason why Bitcoin can’t serve as a currency and “become an accepted medium of exchange”, he warned against getting caught up in the hype and buying it with the sole view of making money off it

Online king

  • King
  • ***********
  • Posts: 68,663
Re: Bitcoin Investment Trust Could IPO by October
« Reply #76 on: September 13, 2017, 07:05:03 AM »



JPMorgan CEO Jamie Dimon says bitcoin is a 'fraud' that will eventually blow up
"It's worse than tulip bulbs. It won't end well. Someone is going to get killed," Dimon said.
Bitcoin fell to trade around its session lows after Dimon's comments.
Dimon's criticism comes at a time when some well-known figures on Wall Street are starting to embrace the cryptocurrency.
Fred Imbert   | @foimbert
Published 5 Hours Ago  | Updated 2 Hours Ago
CNBC.com
 Jamie Dimon: Governments look at bitcoin as a novelty   Jamie Dimon: Governments look at bitcoin as a novelty 
3 Hours Ago | 01:45
JPMorgan Chase CEO Jamie Dimon took a shot at bitcoin, saying the cryptocurrency "is a fraud."

"It's just not a real thing, eventually it will be closed," Dimon said Tuesday at the Delivering Alpha conference presented by CNBC and Institutional Investor.

Dimon joked that even his daughter bought some bitcoin, looking to cash in on a trend that has seen it soar more than 300 percent this year.

"I'm not saying 'go short bitcoin and sell $100,000 of bitcoin before it goes down," he said. "This is not advice of what to do. My daughter bought bitcoin, it went up and now she thinks she's a genius."

In an appearance at a separate conference earlier in the day, Dimon said bitcoin mania is reminiscent of the tulip bulb craze in the 17th century.

"It's worse than tulip bulbs. It won't end well. Someone is going to get killed," Dimon said at a banking industry conference organized by Barclays. "Currencies have legal support. It will blow up."

Dimon also said he'd "fire in a second" any JPMorgan trader who was trading bitcoin, noting two reasons: "It's against our rules and they are stupid."

Bitcoin fell to its session lows after Dimon's comments. As of 3:01 p.m. in New York, bitcoin traded at $4,106.23, down 2 percent.

Dimon's criticism comes at a time when some of the most well-known figures on Wall Street are starting to embrace the cryptocurrency. Fundstrat's Tom Lee said he sees bitcoin surging to $6,000 next year and value investor Bill Miller reportedly owns bitcoin.

 Bitcoin is the 'most crowded trade' right now   Bitcoin is the 'most crowded trade' right now 
7 Hours Ago | 00:53
Even Dimon's own bank, JPMorgan, has reportedly begun a trial project using blockchain as it tries to cut trading costs. Blockchain is the technology behind bitcoin.

Bitcoin has already soared 315 percent this year.

Earlier on Tuesday, Dimon warned about further declines in trading revenue for the banking giant.

Dimon said third-quarter trading revenue will drop about 20 percent on a year-over-year basis. Dimon also said the bank may not give intra-quarter guidance in the future.

JPMorgan's stock fell off its session highs on the comments, but remained up 1.4 percent on the day.



This comes just a day after Citigroup CEO John Gerspach issued a similar warning. On Monday, Gerspach said Citi's trading revenue could fall 15 percent, citing low market volatility.

2017 has been the calmest market in decades. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, hit its lowest level in more than 20 years earlier this year.

The second quarter was also a weak one for JPMorgan's trading unit as revenue fell 14 percent during the period on a year-over-year basis.

Dimon will also be speaking later Tuesday at the Delivering Alpha conference in New York.

--With reporting by Wilfred Frost and Jeff Cox

Online king

  • King
  • ***********
  • Posts: 68,663
Re: Bitcoin Investment Trust Could IPO by October
« Reply #77 on: September 13, 2017, 02:33:29 PM »





   
News
Op-Ed
Submit a Press Release
Press Releases
About Bitcoin News
Advertise
 Bitcoin News
SEP 13, 2017
 $4623 Th  $4303 Fr  $4284 Sa  $4234 Su  $4201 Mo  $4145 Tu $NaN Now
News
Op-Ed
Submit a Press Release
Press Releases
About Bitcoin News
Advertise
   
 
bubble
OP-ED
19 hours ago | Sterlin Lujan | 29383 | 65
Why Bitcoin is Not a Bubble
BTC.com
The internet is replete with people referring to bitcoin as a “bubble.” They are spreading fear, uncertainty, and doubt galore. They believe bitcoin’s high price spells impending doom, but their criticisms move beyond mere skepticism. It seems like they just hate cryptocurrency. Yet many of these * do not fully grasp bitcoin…or even economics.

Also read: BTC-e Exchange Comes Back Online With Limited Functionality

For anyone unfamiliar with what a bubble is, investopedia refers to it as an asset driven by unwarranted, but exuberant, market behavior. It is basically a hike in price that has resulted in a lie or “false truth” about the actual value of an asset, and therefore presages a massive selloff.

People are Confused About Bitcoin
Bitcoin is Not a Bubble

Commentators like Peter Schiff and others have routinely said bitcoin is a “bubble,” and that it will collapse any moment. They make these claims, but do not seem to understand how bitcoin works. Everyone sees headlines like this all over the internet: “Bitcoin is a false truth, warns analyst,” and this CNBC article, “Bitcoin’s nearly five-fold climb in 2017 looks very similar to tech bubble surge.” There is even a site dedicated to collecting these FUD and clickbait claims the mainstream media repeats.

In a recent Chicago Tribune op-ed article called “Why Investors Should be Wary of Bitcoin,” writer Gail MarksJarvis, also compared the bitcoin boom to various historical bubbles:

Do you remember the housing crash of 2008, when the innocents who bought homes thinking they’d make a fortune on soaring prices ended up losing 30 percent on plunging home values? Do you remember the technology stock bubble of early 2000? Until the technology bubble burst, people were euphoric about the pioneers of the fledgling Internet in the 1990s, and figured the gains in technology stocks would never end.
She went on to say that bitcoin is not special or different in this regard. She implied it is a “volatile bubble” that could burst at anytime and leave investors gasping for air. Her comparisons — and all comparisons mentioned — are erroneous, though. The currency is not comparable to any of the aforesaid history lessons.

Bitcoin is Special
Bitcoin is special. It is not a company that could lose profitability and fail. It is certainly not a speculative real estate scam that could crumble as a result of government and bank-induced chicanery. Bitcoin is another animal.

Bitcoin is Not a Bubble

Its value is not increasing because of marketplace lies. It is increasing because it is a life-changing financial invention. It is increasing because more people are adopting it. The “network effect” is in full swing.

It is true investors are rabid to get on board and this excitement is causing bitcoin’s price to explode, but do not confuse this with an artificially inflated bubble based on a “false truth.” In accordance with the network effect, the more people that continue to get involved with bitcoin, the higher the price will climb.

Basic Economics

Bitcoin is also growing as a result of basic economics. The supply is limited to 21 million units and this necessarily makes bitcoin a scarce asset. When things are scarce and people want those things, their value will ultimately rise. Supply and demand at work.

Thus, when economics and the network effect intermingle, you have a recipe for explosive growth within an asset. Bitcoin is not some new version of the 17th century tulip bulb. It is a groundbreaking advancement in accounting and money.

Bubbles versus Technological Failures
With that said, this does not mean Bitcoin is guaranteed to succeed. The price could be affected if something bad were to happen to the protocol that underlies it. If this kind of event ever occurred, people would certainly lose faith in bitcoin and its price would collapse.

Bitcoin is Not a Bubble

However, this is not the same thing as an artificially hiked price or “bubble.” It is the result of a technological or community failure, but not a market failure. For instance, Bitcoin just upgraded to Segwit. However, Segwit does not necessarily align with Satoshi Nakamoto’s vision that Bitcoin should be a scalable, peer-2-peer cash system. Instead, it turns bitcoin into a settlement layer, which could do harm to the currency.

This illustration is not intended to spread panic. I am just saying bitcoin is susceptible to failures and crashes. It is just that these potential crashes are not the result of a “bubble.” They would occur because the community failed to make bitcoin economically viable. In either case, many people hope Segwit will work over the long run and that there will not be a technological failure.

Conclusion
Point being: if people want to call bitcoin a bubble, they ought to explain why exactly it is, instead of incompetently comparing it to past bubbles that do not share any characteristics with bitcoin other than a big price tag. If bitcoin were a bubble, it would be the largest one humankind has ever witnessed (not counting the 6,000-year old gold bubble, of course). But that is unlikely. It is more likely that bitcoin is just an amazing creation. Its value and potential dwarfs any fintech idea heretofore imagined, and the blockchain communities are just getting started.

Bitcoin is Not a Bubble

Why do people believe bitcoin is a bubble? How big will bitcoin actually grow? Let us know in the comments section below.

Images courtesy of Shutterstock

Online king

  • King
  • ***********
  • Posts: 68,663
Re: Bitcoin Investment Trust Could IPO by October
« Reply #78 on: September 16, 2017, 09:29:42 AM »




东方首页
新闻分类
热门搜索
个人设定

中国停止交易 比特幣暴跌逾90%
財经 最后更新 2017年09月15日 08时37分
中国停止交易 比特幣暴跌逾90%

8.1k分享
中国最大比特幣交易平台比特幣中国,週三(13日)在微博宣布9月30日將停止所有交易业务,並从週四(14日)开始停止接受註册。

彭博社报导,受比特幣中国將停止交易的消息影响,比特幣价格一度重挫30%至1万7500元人民幣,由比特幣分裂出的「比特幣现金」甚至暴跌逾90%至250元人民幣;乙太幣也下跌近23%;莱特幣则跌逾60%。

比特幣价格本月初一度涨破5000美元,改写史上最高纪录,但隨著中国加强控管数位货幣,比特幣市值本月以来蒸发约200亿美元。

早前,中国央行声明中指出,首次代幣发行(ICO)为「未经批准非法公开融资的行为」,涉嫌非法发售代幣票券、非法发行证券以及非法集资、金融诈骗、传销等违法犯罪活动,已严重扰乱经济金融秩序。

继续阅读,请往下滑

相关新闻
中国擬关闭比特幣交易平台
11日 • 4天前
比特幣再创新高 突破3000美元大关
5日 • 一月前
比特幣价格 首次超越黄金
4日 • 6月前
中国大妈出手  比特幣再飆升
20日 • 一年前
「我是「比特幣」的发明者」
2日 • 一年前
美国华尔街对比特幣持保留態度。摩根大通(JPMorgan )执行长戴蒙(Jamie Dimon)批评比特幣是场「骗局」,若旗下有员工买进比特幣,他会立刻开除。

台湾《苹果》分析,中国人行认为,比特幣这类的虚擬货幣,不受人行监管,同时也有不少洗钱是透过比特幣,中国政府不能容忍可能影响金融秩序的產品存在。

分析指出,比特幣全球已经有220多个地区在交易,目前全球交易量最大的是日韩两国,中国关闭交易市场当然会有衝击,但是利空应该是短期的,长期还是看多的预期本月底短线现看3260美元,如果守不住,就看2880美元支撑。

Online king

  • King
  • ***********
  • Posts: 68,663
Re: Bitcoin Investment Trust Could IPO by October
« Reply #79 on: October 05, 2017, 12:06:04 PM »




‘Nasi kerabu’ stall cashes in on Bitcoin trend
NATION
Wednesday, 4 Oct 2017

by sira habibu

image: http://www.thestar.com.my/~/media/online/2017/10/04/03/15/kerabu.ashx/?w=620&h=413&crop=1&hash=4CD00CE0DC0E1F16C8EAA64915C3EF453876ECA6

Keeping up with the times: Safiin and Azizah showing a plate of their ‘nasi kandar’ at their stall.
Keeping up with the times: Safiin and Azizah showing a plate of their ‘nasi kandar’ at their stall.

KOTA BARU: A humble nasi kerabu stall in the backwaters of Kelantan is the latest to jump onto the virtual currency hype by offering customers the option to pay in Bitcoins.

Jijah’s NK Stall in Kampung Pauh, Badang, located about 25km south-west of the city here, is on the global map of merchants willing to accept the digital cryptocurrency.

Retired army personnel Safiin Mohamed, 65, who introduced the digital payment system at his wife Azizah Derahman’s stall recently, said he believes Bitcoins will be the future medium of exchange.

However, he lamented that the bitcoin fad has yet to catch on here, saying the stall only got eight transactions in two months.

“This is because the value of Bitcoins keeps appreciating fast,” he said, saying one Bitcoin was now worth RM18,701 compared to RM23 four years ago.

“Although customers need only pay 0.00025 in Bitcoin for a packet of nasi kerabu with grilled fish worth RM5, most still prefer paying cash,” he said.

Safiin said those using virtual currency need not fear being robbed.

“One does not need to carry cash, and only needs to scan the QR code from our mobile devices to make payment. Buy, scan and leave without fear of being robbed,” he said.

The enterprising villager said he learnt all about Bitcoins from Google.

“If we do not keep up with future trends, we will be left behind,” he added.

International Monetary Fund managing director Christine Lagarde said recently that virtual currencies have the potential to replace traditional notes in the coming decades.


Read more at http://www.thestar.com.my/news/nation/2017/10/04/nasi-kerabu-stall-cashes-in-on-bitcoin-trend/#GIfIcJCH670CEXiz.99

Online king

  • King
  • ***********
  • Posts: 68,663
Re: Bitcoin Investment Trust Could IPO by October
« Reply #80 on: October 13, 2017, 06:40:36 AM »




CNBC
Search Quotes, News & Video
HOMENEWSMARKETSINVESTINGTECHMAKE ITVIDEOSHOWSMORE
PROLIVE TVWATCHLIST

TECH TRANSFORMERS
TECH  MOBILE  SOCIAL MEDIA  ENTERPRISE  CYBERSECURITY  TECH GUIDE
Bitcoin leaps to record above $5,300
The price of bitcoin hit an all-time high of $5,386.23.
This was above the cryptocurrency's previous all-time high of $5,013.91 hit on September 2
Speculation that China could reverse the ban of cryptocurrency exchanges is driving sentiment
Arjun Kharpal   | @ArjunKharpal
Published 14 Hours Ago  Updated 58 Mins Ago
CNBC.com
 Bitcoin just hit a new all-time high above $5,100   Bitcoin just hit a new all-time high 
8 Hours Ago | 00:52
Bitcoin hit a new record high Thursday with rising investor interest causing a rally for the price of the cryptocurrency.

Bitcoin climbed 11 percent to an all-time high of $5,386.23, according to data from industry website Coindesk. This surpassed the previous high of $5,013.91 hit on September 2.

With Thursday's gains, bitcoin is now up around 454 percent year-to-date.

Several digital currency enthusiasts pointed to increased investor interest in bitcoin ahead of a scheduled split in November. When bitcoin split into bitcoin and bitcoin cash in August, bitcoin investors at the time received an equal amount of bitcoin cash. However, not all digital currency exchanges immediately supported the offshoot currency.

Other major digital currencies mostly rose as well. Ethereum traded mildly higher around $305. Bitcoin cash, the offshoot of the original bitcoin, traded slightly higher around $316.

Bitcoin year-to-date performance



Source: CoinDesk

Investors also appear to have shrugged off much of the negative news from regulators around bitcoin.

Last month, Chinese regulators banned cryptocurrency exchanges with some of the largest in the country shutting down operations. The government also banned initial coin offerings (ICOs), a way for cryptocurrency start-ups to raise money through issuing tokens.

But reports have emerged in the last few days that trading in the world's second-largest economy could resume. A report by Cryptocoinnews.com, citing Chinese state-owned news company Xinhua, said that bitcoin trading will likely resume with more regulation. This could include new licensing and anti-money laundering regulations to be implemented by exchanges.

"Speculators are bullish on bitcoin's value with the anticipation of China's reintegration with global crypto markets," Aurelien Menant, CEO of cryptocurrency exchange Gatecoin, told CNBC by email on Thursday.

Online king

  • King
  • ***********
  • Posts: 68,663
Re: Bitcoin Investment Trust Could IPO by October
« Reply #81 on: October 22, 2017, 07:37:00 AM »




东方首页
新闻分类
热门搜索
个人设定

比特幣升破6000美元 今年涨幅逾500%
財经 最后更新 2017年10月21日 12时42分
比特幣升破6000美元 今年涨幅逾500%

1.5k分享
比特幣交易平台Bitstamp数据显示,比特幣升值打破6000美元(约2万5332令吉)关口,创纪录新高。

美国CNBC新闻网报导,比特幣价格今年以来的涨幅已超过500%。

报导称,在一项2万3118人参与的调查中,有49%的人认为比特幣的价格会超过1万美元(4万2220令吉)。

高盛报告指出,与黄金相比,比特幣不是更好的保值手段,比特幣在2017年的平均波动率差不多是黄金的7倍。

继续阅读,请往下滑

相关新闻
比特幣创新高破5千美元 今年已暴涨400%
13日 • 一星期前
比特幣捲土重来 价位突破4000美元大关
19日 • 一月前
中国停止交易 比特幣暴跌逾90%
15日 • 一月前
中国擬关闭比特幣交易平台
11日 • 一月前
比特幣再创新高 突破3000美元大关
5日 • 2月前
报告称,比特幣的风险包括易受黑客攻击,且存在著重大的监管风险,预料更多国家將比特幣支付合法化,將造成比特幣交易费大幅攀升。

高盛认为,儘管虚擬货幣如比特幣最近很受欢迎,但它並不是新的黄金。

Online king

  • King
  • ***********
  • Posts: 68,663
Re: Bitcoin Investment Trust Could IPO by October
« Reply #82 on: November 03, 2017, 08:35:02 AM »




Bitcoin pushes past US$7k mark
CRYPTOCURRENCY
Thursday, 2 Nov 2017

4:33 PM MYT
image: https://www.thestar.com.my/~/media/online/2017/08/28/09/11/bitcoin.ashx/?w=620&h=413&crop=1&hash=B07CBA0E099F619F6EA704878F8EDCC2FD2A87A1


HONG KONG: Bitcoin climbed past US$7,000 for the first time, breaching another milestone less than one month after it tore through the US$5,000 mark.

Spot pricing for bitcoin climbed as much as 7.1% to a high of US$7,045.46 before pulling back slightly to US$6,968.25 at 7.45am in London. The cryptocurrency is up as much as 640% this year and is now worth more than US$100bil.

The digital currency got new impetus this week after CME Group
image: https://cdn.thestar.com.my/Themes/img/chart.png

 Inc, the world’s largest exchange owner, said it plans to introduce bitcoin futures by the end of the year, citing pent-up demand from clients. The move will give the software-created asset some regulatory cover that is expected to attract more buyers - Bloomberg
 
TAGS / KEYWORDS:
Cryptocurrency


Read more at http://www.thestar.com.my/business/business-news/2017/11/02/bitcoin-pushes-past-us$7k-mark/#gJR2WcASRfV3wM6I.99

Online ahbah

  • Duke
  • *********
  • Posts: 29,194
  • You got like my 2 best friends ?
Re: Bitcoin Investment Trust Could IPO by October
« Reply #83 on: December 04, 2017, 08:32:42 PM »
With the debate over its bubble status still raging, the flagship cryptocurrency continued its march higher on Monday, solidifying above US$11,000 and bringing its climb this year to more than 1,000%. With market tracker Coinmarketcap.com putting the total value of all bitcoins in circulation at US$190bil, it’s come a long way from August, when one coin could buy you a hefty supply of avocados.

Online king

  • King
  • ***********
  • Posts: 68,663
Re: Bitcoin Investment Trust Could IPO by October
« Reply #84 on: December 07, 2017, 12:33:06 PM »



Bitcoin rises above US$14,000 on Bitstamp to record high
CRYPTOCURRENCY
Thursday, 7 Dec 2017

10:27 AM MYT
image: https://www.thestar.com.my/~/media/online/2017/12/01/05/33/bitcoin-afp.ashx/?w=620&h=413&crop=1&hash=A23949F7DE4CA76C9F6A06F2B88368D9EC34A85F


TOKYO: Bitcoin soared to a record high of US$14,047.40 on Thursday, continuing its surge from below US$1,000 at the beginning of the year.

The cryptocurrency was last up 2.94% at US$14,030.00 at the Luxembourg-based Bitstamp exchange. - Reuters
TAGS / KEYWORDS:
Cryptocurrency


Read more at https://www.thestar.com.my/business/business-news/2017/12/07/bitcoin-rises-above-$14000-on-bitstamp-to-record-high/#kAsvOyQhbY6SFPrF.99

Online jjwong

  • Knight
  • **
  • Posts: 235
Re: Bitcoin Investment Trust Could IPO by October
« Reply #85 on: December 07, 2017, 06:14:30 PM »
the biggest uncertainty about bitcoin
1.  buying at the peak
2.  tiba x2 your bitcoin stored somewhere (btw you where?) gone missing by the the guardian of your coin. It happen today ..50 millions worth of bitcoin stolen, according to the "banker" who safe keep your coins
3. the "bank" may just tipu tipu that your wallet kena hacked. he may be the mastermind. After all one coin is 14000usd x 4.1=57400 rgt
4. if bitcoin got such good security feature,foolproof as the propanganda claim, how come the pencuri can sell it and not be detected.
5. one fine day ,you wake up, and the coins and many 14k usd worth of it ,is no longer around like tulip flower. and the marketing genius (wolves) gave you all the coins and he keep the 200billions usd cash. and the tulips? it suddenly dissappear.
"The only conquests which are permanent and leave no regrets are our conquests over ourselves"    Quote from Napolean Bonaparte

Politicians like to rally the masses to stage conquest  against "the enemy",  the real intent is  actually...$ $

Malaysia's Biggest Investment Forum

Re: Bitcoin Investment Trust Could IPO by October
« Reply #85 on: December 07, 2017, 06:14:30 PM »