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Other Investments => Personal Finance => Topic started by: king on January 22, 2017, 01:05:05 PM

Title: Bitcoin Investment Trust Could IPO by October
Post by: king on January 22, 2017, 01:05:05 PM



Bitcoin Investment Trust Could IPO by October
By Kevin Helms -  January 21, 2017 4669 0
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Bitcoin Investment Trust (BIT) wants to be listed on NYSE Arca, according to a registration statement filed Friday with the U.S Securities and Exchange Commission (SEC). This is the second proposed Bitcoin investment trust listing on the exchange. The first, Solidx Bitcoin Trust, has yet to be approved by the SEC. Using Solidx as a model, it could take the Commission until October to make a decision whether to approve or disapprove BIT’s listing.

Also read: SEC Delays Decision on SolidX Bitcoin Trust

As Donald Trump prepared to be inaugurated as the 45th President of the United States on January 20, Barry Silbert filed a registration statement with the SEC seeking an initial public offering (IPO) for his flagship fund BIT. BIT’s shares are to be listed under the symbol GBTC on the NYSE Arca.

The IPO

“This is an initial public offering of the Trust’s Shares,” BIT’s registration Bitcoin Investment Trust Could IPO by Octoberstatement reads. The shares “are designed to provide investors with a cost-effective and convenient way to invest in Bitcoin.” Grayscale Investments, LLC is the sponsor of the Trust, Delaware Trust Company is the trustee, the Bank of New York Mellon is the transfer agent, as well as the administrator, and Xapo Inc. is the custodian. The annual fee for investors will remain at 2 percent. The proposed maximum offering is $500 million of the Trust’s shares.

Silbert’s Grayscale Investments, LLC simultaneously announced that it “has ceased its ongoing private placement and will no longer issue shares of the Bitcoin Investment Trust through its previous 506(c) private placement.” However, BIT’s shares will continue to be quoted in the secondary market over-the-counter on OTCQX under the symbol GBTC while the registration with the SEC is pending approval. GBTC currently has assets under management of $164.21 million as of the end of December 2016.

Possible Time Frame

A possible time frame for the SEC to either approve or disapprove BIT’s listing on the NYSE Arca can be estimated using Solidx Bitcoin Trust as an example. Solidx originally filed with the Commission to list on the NYSE Arca on July 11,  Bitcoin Investment Trust Could IPO by October2016.

After the company’s initial filing, the next step will be for the exchange to file with the SEC “a proposed rule change to list and trade shares” under NYSE Arca Equities Rule 8.201. For Solidx, the NYSE Arca filed with the SEC on July 13, 2016, which was two days after Solidx filed. Given that BIT’s filing was on a Friday, the NYSE Arca could file with the SEC early next week.

Then the proposed rule change would be published for comments in the Federal Register. This usually happens between two to three weeks after a filing with the SEC. For Solidx, it was published on August 2, 2016, approximately three weeks after filing. That means the proposed rule change Bitcoin Investment Trust Could IPO by Octoberfor BIT should be published in the Federal Register sometime in the second or third week of February.

After publishing in the Federal Register, the Commission has 180 days to issue an order approving or disapproving the proposed rule change. However, it can also extend that period by a maximum of 60 days if necessary, which is a total of 240 days from the publication in the Federal Register. For Solidx, the SEC has already chosen to extend the consideration period as long as it could to March 30, 2017.

For BIT, 180 days from a likely date of publication in the Federal Register would be early August and 60 days after that would be early October.

Likelihood of Approval

The SEC has a habit of delaying making decisions on Bitcoin investment funds as seen by the delay for Solidx, taking the maximum time allowed by the Securities Exchange Act. Recently, Needham & Company, which provides investment coverage of BIT, suggested that the chance of the SEC approving Bitcoin ETFs is very low, at less than 25 percent.

Bitcoin Investment Trust Could IPO by October
President Trump
According to Needham, there is no more extension available for the Commission after the 60 days. The firm also suggested that the Commission may not make a decision by the deadline, in which case “the proposed rule change is automatically approved,” Needham’s report reads. The firm believes this will increase the likelihood of an ETF being approved. Then, there’s the ‘Trump factor.’

The new administration may be more Bitcoin friendly than the previous administration. “We need to undo many regulations which have stifled investment in American businesses, and restore oversight of the financial industry in a way that does not harm American workers,” President Trump recently said.

Do you think the SEC will approve BIT’s listing by October? Let us know in the comments section below.

Images courtesy of WSJ, Wikimedia, Grayscale, SEC, Solidx

There are no bigger Bitcoin believers than the Bitcoin.com team. That’s why this site is a one-stop-shop for everything you need to get into bitcoin life. A Bitcoin store? Check. Earning bitcoin? Check. Forum discussions? Check. A casino? Yep, we have that too. Prices and statistics?
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king on February 05, 2017, 04:43:10 PM



Saturday, 4 February 2017 | MYT 9:39 PM
Bitcoin: Fast lane to billions or bankruptcy?
BY MARK REIJMAN

image: http://www.thestar.com.my/~/media/online/2017/02/04/13/41/bitcoin4-feb17.ashx/?w=620&h=413&crop=1&hash=CAE65DCEB9DE79A8B1ED3989F73B97762D528426

 
RECENTLY, a reader of this column emailed me about advice on bitcoin investing. My view is that investing – or rather speculating with Bitcoin – is like currency trading on steroids.

  Let me explain what Bitcoins are and why I think it is unwise to view them as an “investment”.

Bitcoins have been in the news a lot recently as they (once again) exceeded the magical price of $1,000 for a single bitcoin in January of 2017, before dropping below again.

Bitcoins were the best-performing currency of 2016, increasing a whopping 120% in value, far exceeding the 20% gain made by the Russian Rouble and the Brazilian Real.

image: http://bcp.crwdcntrl.net/5/c=5593/b=37490935


Bitcoins were created in 2009 by “Satoshi Nakamoto” and despite serious efforts, the real name of the creator is still shrouded in mystery.

Bitcoins are “mined” by computers which perform blocks of calculations.

The reward you receive in bitcoins for a block of calculations, drops by 50% every time 210,000 blocks have been “mined”.

This means that, over time, in order to earn a bitcoin, more and more blocks of calculations will need to be performed.

Due to this exponential rule, the last bitcoins won’t be mined for another 100 years or so (the currency has a limited supply of 21 million bitcoins), but 75% of all bitcoins are already in circulation!

Bitcoins work through the blockchain technology, which contains a public ledger of all bitcoin transactions ever conducted. The public ledger grows as new bitcoins are mined and transactions are conducted.

Many banks experiment with the blockchain technology in order to make their own transactions safer.

The Winklevoss twins – the ones that sued Mark Zuckerberg over who really founded Facebook.com - are betting heavily on Bitcoins. They say it is better than gold and have their own exchange platform.

The value of a Bitcoin is a rollercoaster. Bitcoins are a popular currency for criminals as they are anonymous and easy to transfer across the world.

Recent spikes have also been attributed to India’s demonetisation policy as well as China’s crackdown on corruption as it is a way to hide your money.

Falls in value have been attributed to the theft of bitcoins, fraud committed by bitcoin exchanges (MtGox) and the closure of a number of Bitcoin exchanges (Cointrader, CoinDesk, MonetaGo, Harborly, Crypto-Trader, etc).

Regardless of the above mentioned unpredictable factors which are driving the value of a Bitcoin up or down without notice, the lack of transparency makes it very hard to determine what is going on with the virtual currency and whether it is a bubble or not.

If you look at the graph in the image, it is easy to image winning bigly and losing bigly.

Bitcoins are too much of a lottery and I wouldn’t recommend investing (or rather gambling) with the virtual currency.

Mark Reijman is co-founder and managing director of https://www.comparehero.my/, dedicated to increasing financial literacy and to help you save time and money by comparing all credit cards, loans and broadband plans in Malaysia.

Read more at http://www.thestar.com.my/business/business-news/2017/02/04/bitcoin-fast-lane-to-billions-or-bankruptcy/#yh1XYxfbbYkiLwfm.99
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king on February 22, 2017, 12:12:11 PM



财经
比特幣一度破1100美元 接近歷史新高
 3133点阅   2017年2月22日
圖/彭博社
圖/彭博社
(北京22日訊)中國央行今年雖加緊對比特幣交易的監管,但交易商已從交易所轉移到地方P2P市場,繼續購買和銷售比特幣;比特幣周二盤中突破1100美元(約4901令吉),近歷史新高。




根據“華爾街見聞”,媒體報導稱,最大的地方P2P交易市場之一LocalBitcoins(本地比特幣),可供買方和賣方找到彼此。用戶可以當面見面,或在聊天平台和電話上交談,安排涉及比特幣的交易。根据Crypto的比較,LocalBitcoin交易目前占人民幣總交易量的6%左右。

Quartz報導稱,目前中國3大比特幣交易平台已暫停比特幣提幣業務,以響應央行的號召,加大反洗錢力度。

中國央行于2月8日對9家北京比特幣交易平台負責人進行約談,明确要求比特幣交易平台不得違規從事融資融幣等金融業務。此前,中國3大比特幣交易平台在官网發布公告稱將對比特幣交易收取0.2%的服務費。



据Quartz報告,比特幣交易所人民幣的交易量已經大幅下降。
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king on February 24, 2017, 10:44:30 AM



越打压升越急
比特币创纪录新高
218点看 2017年2月24日
(北京24日综合电)被视为中国人走资渠道之一的比特币现报1169.58美元,再升3.8%,已连飙8天,突破今年1月5日的盘中历史高位1161美元,有望打破2013年11月29日的1137美元收市纪录。

由于人民币贬值加快,被视为“数码黄金”的比特币成为走资工具之一,价格一度贵过实金。


回顾比特币曾是2017年开局“冠军”,从2016年12月30日收炉报952美元,一直狂升至1月5日的最高位1161美元,短短4个交易日一度累飙21%,升破2013年11月29日的历史高位1137美元,及后因中央打压而一泻如注,一度由高位累跌逾30%。

不过,中央越打压,比特币越升得急!中国农历新年“放炉”后,比特币一度“静悄悄”连升10天!再度惹来央行关注,再次对交易商进行约谈,这次并非此前约谈过的3大平台,而是业内较小的比特币交易平台。据悉,3家大型比特币交易平台已经进行了杠杆关闭和交易收费,但其他小平台没有同步。

再之前的1月6日,人民银行上海总部表示,已约见上海市比特币交易平台主要负责人。当时人行指出,近期比特币价格异常波动,为防范风险,维护金融稳定,人民银行上海总部、上海市金融办联合相关监管部门,约见了比特币交易平台“比特币中国”主要负责人,了解平台运作,要求严格按照相关法律法规要求,依法合规经营,并敦促该平台对照相关法律法规,开展自查并进行相应清理整顿。

新闻来源:东网


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Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king on February 27, 2017, 06:24:48 AM



中国难扼杀比特币/Elaine Ou
241点看 2017年2月26日
ELAINE OU (彭博社专栏作家)
即使一个政府关闭国内的每一个比特币节点,只要可以访问海外单个节点,比特币用户仍能够开展交易。

这个局面令监管机构感到十分棘手。


要想同时控制无处不在的某样东西是很难的。



每当一个政府着手取缔某种人们青睐的东西时,这个广受欢迎的东西往往会屡禁不止。

回顾过往历史,禁酒令、赌博、毒品战争与数据盗版就是例子。

如今在中国也出现了类似情况,那就是中国政府一直在试图打击的比特币。

作为努力控制资本外流的一个手段,中国央行要求国内比特币交易平台,在合规系统升级完成前暂停提现业务。

非正规场外交易活络

这些平台的交易因此遭受重创,不过,比特币活动在非正规的场外交易场所再度风生水起。

图表显示了LocalBitcoins的成交量,其用户在该网站通过刊登“广告”的形式,用本币购买或出售比特币:

封堵LocalBitcoins可能不是个解决办法,一个原因是投资者可以使用虚拟专用网络(VPN)“翻墙”接入。

此外,许多交易通过不甚知名的网站和微信、QQ等微信息服务进行,而后者已设立自己的支付体系,允许用户建立聊天机器人来让交易活动自动化。

对于那些偏好更常见交易界面的人来说,Bitsquare这类去中心化的比特币交易软件,可以基于其他参与者累积下来的未成交报价建立挂盘册。

中国并非个例。自从土耳其唯一一个比特币交易平台停止运营后,P2P交易就开始在该国蓬勃发展。

同样情况也发生在委内瑞拉一个主要比特币交易平台的银行账户被封后。

在俄罗斯境内可以看到一些全球最活跃的非官方比特币交易市场,这要感谢该国长期以来没有严正看待与监管。

监管机构感棘手

虽然中心化的交易平台有自身优点,如可把众多买家与卖家聚集在一起,并且付款有保证。但这些并不是比特币生存所必需的。

比特币用户不持有实物硬币,甚至不持有虚拟硬币。他们拥有永久性的交易清单,这些数据记录在一个全球分类账上,供全球各地参与者复制。

即使一个政府关闭国内的每一个比特币节点,只要可以访问海外单个节点,比特币用户仍能够开展交易。

这个局面令监管机构感到十分棘手。要想同时控制无处不在的某样东西是很难的。

在P2P交易下,没有服务器可以让他们关闭,他们抓不到关键人物,也没有可以捣毁的仓库。

监管机构只能针对本地比特币交易平台和服务器提供者,这种形势着实削弱了他们掌控事态发展的能力。


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Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king on March 04, 2017, 12:42:58 PM



财经  2017年03月04日
比特幣价格 首次超越黄金

1.2K
比特幣价格 首次超越黄金

虚擬货幣比特幣,也是目前最广为流通的虚擬货幣,其价格於週五(3日)首次超越一盎司的黄金!

今年以来,比特幣价格成长超过25%,相较下,黄金仅成长约7%。整体而言,比特幣价格较去年成长185%,而黄金则仅维持在差不多的价格。



 


比特幣新闻网CoinDesk的「比特幣价格指数(Bitcoin Price Index ,BPI)」显示,比特幣价格从2015年200美元(约890令吉)的低点逐渐回涨,到週五(3日)衝破1280美元(约5701令吉),超过一盎司黄金的1237.73美元(约5513.46令吉)。

《TechCrunch》指出,黄金一直是热门的避险工具,同样具有稀有性、无特定发行单位的比特幣,也被视为可能取代黄金的未来避险工具。

不过,考量到其购买方式复杂,且价格波动大,至今仍未受到主流市场青睞。

而比特幣价格在首次超越黄金,也暗示已有不少投资者將比特幣视为避险选项之一。

中国热门投资工具

比特幣价格在2013年首度衝破1000美元,不过在2014年,日本涩谷的比特幣交易所Mt.Gox发生史上最大的比特幣盗取事件,也让比特幣价格崩跌。

当时,共有85万枚比特幣遭窃,引发外界质疑,没有政府控管的比特幣,是否已准备好进入主流市场。

而最近比特幣行情再度高涨,原因来自中国投资者开始大举开採比特幣,也让比特幣成为中国近期的热门投资工具。

另外,美国证券交易委员会(SEC)可望在本月11日同意让市场首个比特幣ETF「Winklevoss比特幣ETF」上市,让许多投资人看好比特幣潜力
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king on March 05, 2017, 08:42:18 PM



名家  2017年03月05日 | 作者:朱冠华 | 专栏:喝茶论势
完美的货幣

比特幣诞生于2008年,由一个至今神秘的「中本聪」的网友开发。比特幣是一种由开源的P2P软件產生的虚擬货幣。基于一套密码编码、通过复杂算法產生,任何人都可以下载並运行比特幣客户端而参与製造比特幣,利用电子签名的方式来实现流通。它的主要特点包括:去中心化、全球流通、具有专属所有权。

除比特幣外,至少还有30种电子货幣,如:莱特幣、质数幣、比奥幣、瑞波幣、招財幣、美卡幣等等。

比特幣是一种虚擬货幣,它具有固定发行量、特有密码组成、无国界地域、不用纳税等特性。它是一种黄金的模仿货幣,並引入黄金开採的概念,通过计算机运算工具「挖矿」,由于採用密码学的设计,它有了货幣的概念:不可复製,仅供持有者使用。比特幣总量只有2100万个。比特幣存在于数字空间中,隱藏在特定算法里,需要投入大量人力物力才能挖出来。

截笔时,比特幣收盘价是1195美元的歷史高位,而同时黄金价格为一盎司1244美元,二者相差无几。2008年,比特幣诞生时1美元可以兑换1300比特幣,而现在却需要1195美元才可以兑换1比特幣。涨幅超过15000倍。


从歷史上来看,这种涨幅是史无前例的。若在其他资產上,几乎可以肯定超级大泡沫,何况比特幣本身就是虚擬的,即使你把兑换成比特硬幣,该硬幣的价值也不高,如何能比黄金价格?

不过,这里我不討论比特幣是否泡沫,我只说,对比黄金和法幣,比特幣这种虚擬货幣是否更適合担任货幣的角色呢?

货幣必须满足三大条件:交易价值、储蓄价值和价值衡量。

政府和银行集团发行的法幣,除获得政府用法律背书而有交易价值外,其余皆无。几十年来物价不断上涨,背后原因就是政府和银行集团废除金本位,滥发货幣所导致。比特幣这类虚擬货幣是对货幣被政府和银行集团垄断,长年累积的恶果所对应產生的。

要说批评比特幣最差的理由,就是指比特幣是虚擬货幣,完全不可靠。这是只许官兵放火,不许百姓点灯的悖论。政府的法幣超过90%不也是虚擬货幣吗?不过只是在银行帐户上的一个电子数字。而政府的纸幣在物理上,价值也比不上比特硬幣。所以,在物理上,法幣和比特幣是差不了多少,都不及黄金的价值来得硬。

比特幣和法幣的分別,在于一个有政府用法律规定来背书;一个以控制发行量来维持市场对它的信心,但流通量目前仍很低。

应稳住阵脚为先

从概念上来看,比特幣其实比法幣更適合当货幣。它將货幣「去中央化、去国家化」,更能防止货幣垄断所造成的腐败现象。这种货幣垄断造成的腐败在美元本位下已经全球化,结果就是贫富悬殊拉大,99%人民生活更加艰难,经济危机时不时发生。

但是,比特幣在推行的技术上出现极大的失误。就是不清楚现实的各种技术上问题和掣肘,结果使得比特幣的发展偏离正轨。因为比特幣推出之初,盘子实在太小。即使现在也不到300亿美元,人为的操作空间非常大,所以其价格经常出现暴涨暴跌。

比特幣算法本身的设计,每四年產生的比特幣数值会减半的算法,2013年-2016年平均每10分钟產生25个比特幣,2017年开始,这个数会降低到12.5个。隨著挖矿难度增大,加上比特幣价格的飆涨,让许多「矿工」直接改行炒比特幣,等待升值后再拋出,疯狂的炒作只会摧毁比特幣的未来。

在法幣称霸天下四十多年来,要改革这掠夺性的货幣体系,非一朝一夕的事。善战者,先立于不败之地。所以比特幣应该如同黄金那样,先稳住自己的储蓄价值和价值衡量功能,再谋交易流通功能。

黄金是政府和银行集团无法消灭,只能暂时囚禁的货幣之王。而法幣体系的先天设计问题,最后必然有崩溃的一天。届时,黄金自然可以再度登基货幣王位。但是比特幣没有黄金那样的硬价值,它和法幣一样都是虚擬的。

货幣要稳定,价格就不能上窜下跳,至少不能太激烈。货幣发行必须有锚来稳定,否则就不能发挥价值衡量功能,如此储蓄功能和交易功能更不能行了。黄金不需要锚,因为它本身就是锚。纸幣发行之初以黄金为锚,后1971年废除,改以政府信用(税收和財政)来支持。只是信用这锚是纸做的,根本无法稳定价值,所以法幣才会出现年年贬值的现象。

对付比特幣容易

比特幣和法幣一样都是虚擬的,要区別它和法幣,不能只靠控制数量,这是因为它目前还没有政府的权威。所以开始之初必须建立一个不兑现的锚。它可以用黄金作锚,或者以一系列商品作锚。让其价格固定根据这些商品浮动,禁止让比特幣出现如股票那样的炒作买卖现象。

在法幣称霸的情况下,要求黄金或比特幣这类虚擬货幣迅速流通,是欲速则不达。只能稳住自己的价值衡量和储蓄功能,以待时变。但比特幣却粮草未发,三军先行,其失败是可预期。

因为比特幣不同于黄金,政府和银行集团只能暂时囚禁黄金,但是无法消灭,对付比特幣则简单多了。因为比特幣本质上是虚擬的,只要政府发出几句否定比特幣的官话,或者发出禁止市场使用比特幣的法律,或者对其电子交易平台进行骇客攻击,就足以造成比特幣价格暴跌。因为比特幣本身缺乏贵金属支撑,不具保值性,是缺乏物理存在虚擬货幣,又没有政府背书,隨时可以跌到一文不值。

因为比特幣错误的战略,使得它最初具备的金融创新特色將逐渐消失,相反成为一个纯粹「转钱」的炒作工具。而手持比特幣的人也只会用比特幣换美元,而不是买商品,其欲进化为未来货幣的希望也正渐趋黯淡。
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king on March 06, 2017, 06:26:30 AM



1比特币=1盎司黄金 国内炒家疯狂推升“虚拟泡沫”
2017-03-04 00:31 华夏时报 3  收藏
1比特币=1盎司黄金 国内炒家疯狂推升“虚拟泡沫”

华夏时报(公众号:chinatimes)记者 胡金华 上海报道

作为看不见摸不着的虚拟资产,很难想象有一天比特币价格会等同于黄金。

3月2日晚间,国际黄金价格震荡续跌,现报1244.74美元/盎司,同一天,在全球各大比特币交易平台报价最高的bitstamp网站显示,当日比特币交易价格为1230美元/个,两者之间价格已经相差仅有十多美元。《华夏时报(公众号:chinatimes)》记者了解到,由于两者之间价格的动态波动,比特币与黄金的价格曲线已经出现共振状态。而在国内,尽管央行对于比特币交易出台了诸多限制,在经过前期一段时间震荡消化之后,比特币价格也已经上摸前期高点,达到8000元/个。

“我在去年8000多元的价格买进了比特币,马上就要解套了,我相信比特币价格会达到1万元,我买了500个比特币。另外我还买了华夏币,最高价格50多元/个,最低跌到6元多,现在9元左右,虚拟货币玩的就是投机。我身边很多人都在炒比特币。”3月1日,一位福建炒家张燕(化名)告诉本报记者。

记者粗略估计,以张燕普通投机者的身份动用数百万元的资金去投比特币,着实令人咋舌。

疯狂的国内炒家

记者调查了解到,在上海、福建等地,玩比特币的人数众多,而张燕的身份只是一名其貌不扬的导游。

“由此可以窥见的是,国内有巨量的游资在不断地助推比特币价格上涨,不过由于监管层的限制,此轮比特币价格上涨中国并没有成为领头羊。但以如此火热的行情,国内比特币冲破前期高点,恐怕只是时间问题。”3月3日,国内区块链技术公司小蚁CEO陶荣祺受访时表示。

事实上,国内比特币交易价格一直在水涨船高,由年前的最低点5500元一个已经达到7900元一个,两个月的时间内涨幅已经接近50%。而资金流通的渠道则变得更为隐秘。

“虽然中国央行已要求国内比特币交易平台在合规系统升级完成前暂停提现业务,导致这些平台的交易因此遭受重创,不过比特币活动在非正规的场外交易场所再度风生水起。在名为Local Bitcoins的网站上,其用户在该网站通过刊登广告的形式用本币购买或出售比特币。封堵Local Bitcoins可能不是个解决办法,一个原因是投资者可以使用虚拟专用网络(VPN)翻墙接入。此外,许多交易通过不甚知名的网站和微信、QQ等微信息服务进行,而后者已设立自己的支付体系,允许用户建立聊天机器人[股评]来让交易活动自动化。”有业内人士向记者透露。

前述投资者张燕就向记者抱怨,她在国内某平台交易的比特币资金迟迟不到账,她正在考虑通过其他途径和另外的投资者单线联系,以期交易资金尽快到账。

尽管张燕并未向记者透露其炒作比特币的资金来源,不过近期市场上已经出现投机者疯狂买卖比特币导致失败,最终判刑的案例。记者也从相关渠道获悉,陕西省渭南市潼关县人民检察院近期以涉嫌诈骗罪批捕一名比特币投机者李某。

据了解,李某本科毕业后就到小学任教,30岁刚出头就升至某镇小学的副校长。在偶然得知炒“比特币”可以挣大钱后,李某开始投资“比特币”。刚开始只是小额投资,尝到甜头后,李某投入的金额越来越大。到后期,李某开始编各种理由从亲戚朋友处借钱,不知实情的朋友们多次将钱借给李某。李某将所有借来的钱都购买了“比特币”,在比特币行情大跌后,李某的投资全部赔完。在无偿还能力之际,李某仍以母亲生病等各种名义从朋友处骗钱,甚至伪造了假的房产证押给朋友。之后,购买“比特币”的网站瘫痪、无法登陆,李某开始拆东墙补西墙地对付催款人,在借遍了所有可借的钱之后,她选择了背负百万债务逃跑。

李某在无还款能力之际,编造理由、隐瞒款项真实用途向朋友借钱,甚至伪造假房产证来欺骗朋友,最后举债失联,其行为涉嫌诈骗罪,公安机关在苏州将李某抓获归案,目前此案还在进一步审查中。

“投机比特币的风险极高,尤其动用杠杆炒作比特币甚至会导致血本无归,目前国内投机者对于比特币的兴趣越来越浓,但是不知道哪一天泡沫破裂又会引发社会事件,监管层应该高度重视。”对此,上海高级金融学院一位金融学教授受访时坦言。

比特币成“战场”

国内炒家疯狂投机,海外市场亦是如此。

“一个能从侧面显示出当前比特币市场火爆的现象是,在贸易量和价格持续高位的情况下,比特币的交易积压正令比特币网络几乎达到了它的最大负荷量。我们上传到推特上的比特币区块浏览器数据显示,比特币内存池迎来持续高峰,而那些未经处理的交易正亟待确认。”3月2日,美国硅谷工程师Tony Arcieri对《华夏时报(公众号:chinatimes)》记者表示,“比特币的内存池是未经处理交易的缓冲区,最近突然爆发,目前该系统正处于最大负荷状态,每秒钟平均只能处理4笔交易。”

然而与国内个人投机者大量参与的情况截然相反的是,在国外则都是企业购买比特币,而他们购买比特币的目的是为防止服务器和计算机被勒索软件加密后造成重大损失,目前仅美国就有数千家企业在近期买入比特币以防风险。

“很多主要的企业正在购入比特币,以确保他们能快速应对恶意软件加密。自2016年初以来,一种拥有时间锁定系统的比特币勒索软件已变得相当流行。尽管出现了易于访问的云平台,很多公司(特别是大型企业)仍然运行着本地服务器、数据库及计算机来存储重要的数据。这些数据,包括用户的个人信息,客户的财务数据以及公司的机密文件,它们都存储在本地服务器当中,然而,在本地服务器连接到互联网时,会容易受到勒索或恶意软件的攻击。勒索软件的设计者和开发者故意设定了一个时间框架,目的是给受害者施压,让他们支付比特币赎金。很多拥有重要财务或个人数据的大型公司正在建立比特币钱包,并采购一些比特币,以防公司的服务器或电脑遭遇勒索加密而遭受重大损失。”美国信息管理技术公司Nuix的首席执行官Chris Pogue受访时表示。

责任编辑:孟俊莲 主编:冉学东
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king on March 09, 2017, 10:08:34 AM



不只比特币
这些虚拟币也热到爆
31点看 2017年3月9日
 达世币(蓝线)和比特币(白线)价格今年来涨幅,达世币价格今年来大涨逾3倍,此表以2017年1月1日价格为基准100。(彭博社)
达世币(蓝线)和比特币(白线)价格今年来涨幅,达世币价格今年来大涨逾3倍,此表以2017年1月1日价格为基准100。(彭博社)

(纽约9日综合电)在比特币价格大涨之际,另一种加密货币势头也正旺,这个货币名为达世币(Dash)。


根据CoinMarketCap的报价,目前达世币市值近3.2亿美元(约13.76亿令吉),是仅次于比特币和以太币(Ether)的第3大加密货币。

除了达世币,其他数码货币表现也很亮眼,例如墨内罗(Monero)和Zcash。

一名拥有马里兰大学经济学士学位、曾效命于美国陆军的韩裔妈妈权美罗1个多月前开始砸2000多美元买进达世币。她说:“比特币太贵,我认为达世币成长幅度更大。”

权美罗的策略截至目前为止成效不错。根据CoinMarketCap的报价,达世币价格已从权美罗开始投资该货币时的每个15.2美元涨至每个逾44美元。

权美罗表示,其他数码货币有比特币缺乏的特性,例如用达世币交易被确认速度较快,因此该货币更适合用于付款。另外,许多价格正在大涨的数码货币提供更多隐私保护。

新闻来源:综合报道


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Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king on March 11, 2017, 05:38:05 PM



ETF申请遭拒
比特币曾急跌18% 
1196点看 2017年3月11日
(纽约11日综合电)美国证券交易委员会(SEC)公布,决定拒绝温克沃斯兄弟有关比特币交易所买卖基金(ETF)的申请。SEC认为,建议成立的比特币ETF很容易存在欺诈行为,因为比特币本身具有不受管制的特质。

消息公布后,比特币一度急跌近18%,跌破1000美元关,低见978.7美元,其后跌幅稍为收窄,最新报1096美元,跌8%。


SEC表示,在受监管的市场之下,其基础资产必须防范被操纵的风险,但指比特币会否被操纵仍存在疑问。

温克沃斯兄弟得知有关消息后表示,对未来比特币ETF的发展仍感乐观,并将继续与SEC合作。他们同意SEC的看法,认为就比特币而言,投资者安全性以及市场监管均十分重要。

虽然这次比特币ETF申请遭拒,但比特币拥有者亦不必过分气馁,因为目前尚有两只比特币ETF的申请正等待获批。由于待批的比特币ETF在系统设计及性质等各方面,均与温克沃斯兄弟的有所不同,故此仍有机会获得SEC批准。

比特币这种虚拟货币问世才短短8年,已成颇受部分投资人追捧的替代性投资标的,特别是在中国等面临资本管制的市场。Bloomberg Intelligence分析师指出,在几乎所有资产类别,第1档推出的ETF都会占据大半市场;例如全球最大黄金ETF“SPDR Gold Trust”,持仓规模是第2大“iShares Gold Trust”的4倍。

这意味温克沃斯兄弟在当年错失了早年投资面子书的机会后,如今必然想紧抓比特币兴起潮流。


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Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king on March 12, 2017, 08:48:23 AM



TECHNOLOGY
The Blockchain Will Do to the Financial System What the Internet Did to Media
Joichi ItoNeha NarulaRobleh Ali
MARCH 08, 2017 UPDATED MARCH 09, 2017

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Even years into the deployment of the internet, many believed that it was still a fad. Of course, the internet has since become a major influence on our lives, from how we buy goods and services, to the ways we socialize with friends, to the Arab Spring, to the 2016 U.S. presidential election. Yet, in the 1990s, the mainstream press scoffed when Nicholas Negroponte predicted that most of us would soon be reading our news online rather than from a newspaper.

Fast forward two decades: Will we soon be seeing a similar impact from cryptocurrencies and blockchains? There are certainly many parallels. Like the internet, cryptocurrencies such as Bitcoin are driven by advances in core technologies along with a new, open architecture — the Bitcoin blockchain. Like the internet, this technology is designed to be decentralized, with “layers,” where each layer is defined by an interoperable open protocol on top of which companies, as well as individuals, can build products and services. Like the internet, in the early stages of development there are many competing technologies, so it’s important to specify which blockchain you’re talking about. And, like the internet, blockchain technology is strongest when everyone is using the same network, so in the future we might all be talking about “the” blockchain.

The internet and its layers took decades to develop, with each technical layer unlocking an explosion of creative and entrepreneurial activity. Early on, Ethernet standardized the way in which computers transmitted bits over wires, and companies such as 3Com were able to build empires on their network switching products. The TCP/IP protocol was used to address and control how packets of data were routed between computers. Cisco built products like network routers, capitalizing on that protocol, and by March 2000 Cisco was the most valuable company in the world. In 1989 Tim Berners-Lee developed HTTP, another open, permissionless protocol, and the web enabled businesses such as eBay, Google, and Amazon.

The Killer App for Blockchains
But here’s one major difference: The early internet was noncommercial, developed initially through defense funding and used primarily to connect research institutions and universities. It wasn’t designed to make money, but rather to develop the most robust and effective way to build a network. This initial lack of commercial players and interests was critical — it allowed the formation of a network architecture that shared resources in a way that would not have occurred in a market-driven system.

The “killer app” for the early internet was email; it’s what drove adoption and strengthened the network. Bitcoin is the killer app for the blockchain. Bitcoin drives adoption of its underlying blockchain, and its strong technical community and robust code review process make it the most secure and reliable of the various blockchains. Like email, it’s likely that some form of Bitcoin will persist. But the blockchain will also support a variety of other applications, including smart contracts, asset registries, and many new types of transactions that will go beyond financial and legal uses.

INSIGHT CENTER

Business in the Era of Blockchain
SPONSORED BY ACCENTURE
How technology is transforming transactions.
We might best understand Bitcoin as a microcosm of how a new, decentralized, and automated financial system could work. While its current capabilities are still limited (for example, there’s a low transaction volume when compared to conventional payment systems), it offers a compelling vision of a possible future because the code describes both a regulatory and an economic system. For example, transactions must satisfy certain rules before they can be accepted into the Bitcoin blockchain. Instead of writing rules and appointing a regulator to monitor for breaches, which is how the current financial system works, Bitcoin’s code sets the rules and the network checks for compliance. If a transaction breaks the rules (for example, if the digital signatures don’t tally), it is rejected by the network. Even Bitcoin’s “monetary policy” is written into its code: New money is issued every 10 minutes, and the supply is limited so there will only ever be 21 million Bitcoins, a hard money rule similar to the gold standard (i.e., a system in which the money supply is fixed to a commodity and not determined by government).

This is not to say the choices Bitcoin currently offers are perfect. In fact, many economists disagree with Bitcoin’s hard money rule, and lawyers argue that regulation through code alone is inflexible and doesn’t permit any role for useful discretion. What cannot be disputed, however, is that Bitcoin is real, and it works. People ascribe real economic value to Bitcoins. “Miners,” who maintain the Bitcoin blockchain, and “wallet providers,” who write the software people use to transact in Bitcoin, follow the rules without exception. Its blockchain has remained resilient to attack, and it supports a robust, if basic, payment system. This opportunity to extend the use of the blockchain to remake the financial system unnerves and enthralls in equal measure.

Too Much Too Soon?
Unfortunately, the exuberance of fintech investors is way ahead of the development of the technology. We’re often seeing so-called blockchains that are not really innovative, but instead are merely databases, which have existed for decades, calling themselves blockchains to jump on the buzzword bandwagon.

There were many “pre-internet” players, for example telecom operators and cable companies trying to provide interactive multimedia over their networks, but none could generate enough traction to create names that you would remember. We may be seeing a similar trend for blockchain technology. Currently, the landscape is a combination of incumbent financial institutions making incremental improvements and new startups building on top of rapidly changing infrastructure, hoping that the quicksand will harden before they run out of runway.

In the case of cryptocurrencies, we’re seeing far more aggressive investments of venture capital than we did for the internet during similar early stages of development. This excessive interest by investors and businesses makes cryptocurrencies fundamentally different from the internet because they haven’t had several decades of relative obscurity where noncommercial researchers could fiddle, experiment, iterate on, and rethink the architecture. This is one reason why the work that we’re doing at the Digital Currency Initiative at the MIT Media Lab is so important: It is one of the few places a substantial effort is being made to work on the technology and infrastructure clear of financial interests and motivations. This is critical.

The existing financial system is very complex at the moment, and that complexity creates risk. A new decentralized financial system made possible with cryptocurrencies could be much simpler by removing layers of intermediation. It could help insure against risk, and by moving money in different ways could open up the possibility for different types of financial products. Cryptocurrencies could open up the financial system to people who are currently excluded, lower barriers to entry, and enable greater competition. Regulators could remake the financial system by rethinking the best way to achieve policy goals, without diluting standards. We could also have an opportunity to reduce systemic risk: Like users, regulators suffer from opacity. Research shows that making the system more transparent reduces intermediation chains and costs to users of the financial system.


The Takeaway
The primary use and even the values of the people using new technologies and infrastructure tend to change drastically as these technologies mature. This will certainly be true for blockchain technology.

Bitcoin was first created as a response to the 2008 financial crisis. The originating community had a strong libertarian and antiestablishment spin that, in many ways, was similar to the free-software culture, with its strong anticommercial values. However, it is likely that, just as Linux is now embedded in almost every kind of commercial application or service, many of the ultimate use cases of the blockchain could become standard fare for established players like large companies, governments, and central banks.

Similarly, many view blockchain technology and fintech as merely a new technology for delivery — maybe something akin to CD-ROMs. In fact, it is more likely to do to the financial system and regulation what the internet has done to media companies and advertising firms. Such a fundamental restructuring of a core part of the economy is a big challenge to incumbent firms that make their living from it. Preparing for these changes means investing in research and experimentation. Those who do so will be well placed to thrive in the new, emerging financial system.

Editor’s Note: The headline on this article has been updated from its original version.

Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king on March 12, 2017, 08:51:02 AM



区块链发展的虚拟结算货币为何能被传统银行看上?
time柒月 2016-10-14 11:01:58发布
区块链发展的虚拟结算货币为何能被传统银行看上?
对于名噪一时的比特币,外界虽然风评各异,但其基础所在的“区块链”技术,却迭获肯定。区块链的功用犹如一本庞大的分类账,自动记录每笔新交易并将交易数据形成“区块”入账,储存在互联互通、共享的全球网络系统中,且让交易无法被任意篡改。
 
进入21世纪,以互联网为技术依托的金融科技掀起了新的浪潮,包括虚拟货币、智能投顾等均获得了极大的关注和发展。值得注意的是,这一轮热潮与20世纪90年代的互联网金融泡沫相比有着不可同日而语的需求支撑——截至2015年底,全球互联网用户已经超过30亿,是2001年底的6倍。因此,相较于互联网金融,Fintech对传统金融行业的影响或许将更为深远。
 
改变已来。拒绝意味着退步,拥抱则代表成功。传统金融机构十分有必要了解,新金融技术在带来竞争的同时,还可以在哪些方面促进甚至帮助提高运营效率和增强竞争实力。
 
当前一个新出现的重要趋势是传统银行大量投资于区块链技术的应用,开发虚拟结算货币,用于升级自身的结算业务能力。以四大全球性银行要共同研发的“多功能结算币”为例,很大可能会采用私链技术以确保隐私性,它没有自身的价值,只是与银行持有的主权货币并行的记账系统。
 
在以互联网为基础的新金融技术(Fintech)刚刚兴起的前几年,如雨后春笋般兴起的新金融技术公司成为金融创新舞台上的主角。各类新金融技术公司凭借颠覆性的技术和成本优势与传统银行展开竞争,特别是在支付、小额信贷以及资本市场交易等领域,新金融技术公司可以为消费者和交易者提供更为便捷省时、经济实惠的服务,从而侵蚀传统银行在这些领域的市场份额,人们倾向于把新金融技术公司与传统银行看作金融领域新旧势力之争,乐于看到飞速发展的新金融技术公司对传统银行盈利模式造成巨大挑战,并享受由此带来的便利和经济实惠。许多对新金融技术乐观的人甚至开始把传统银行比作金融业的恐龙,预言这一旧势力在竞争中的悲惨命运。
 
然而随着时间的推移,传统银行开始表现出对新技术趋势的强大适应能力。对于方兴未艾的新金融技术,传统银行顺势而为,积极发掘和探索将新金融技术与自身业务相结合的渠道,以提高自身原有业务的运营效率。在此方面,区块链技术成为传统银行应对新金融技术竞争的有力武器。在过去的两年中,诸多国际性银行对于区块链的研发应用力度不断增强。最初是单个银行自行研发,如汇丰、花旗、高盛等老牌国际性银行都开始尝试将区块链技术应用于自身系统,以提高营运效率和节省成本。值得注意的是,最近多个国际性银行开始联合研发区域链技术应用,据海外媒体报道,包括瑞银、德意志银行、桑坦德银行以及纽约梅隆银行在内的四家全球性银行和经纪公司毅联汇业(ICAP)已经开始联手研发一种虚拟结算货币——“多功能结算币”(Utility Settlement Coin),用于未来银行间跨境支付和金融交易清算。这四家大银行计划向各国央行推介这一理念,并争取在2018年初将其投入商用。
 
据悉,该数字虚拟货币将采用区块链技术,而后者也是支撑比特币的底层技术。区块链的本质是一个分布式数据库系统,它的特点是不可更改、不可伪造。在金融领域的应用上,每一次交易记录都会形成相应的区块(数据块),并严格按照时间顺序连接,形成一个在公开网络上可验证的分散式账簿系统。以比特币为例,每一单位比特币(它实质上是一条区块链)都能够记录其自产生以来的所有交易记录,它可以在网络上被其他比特币用户验证,而无须任何权威机构鉴定真伪。通过这种方式,比特币将被伪造风险降至极低,使交易参与者对其产生信心。
 
目前区块链技术又可以分为公链和私链两种技术。最先发展成熟的是伴随比特币而生的公链技术。它的特点是任何参与者都可以在同一个开放的网络共享它,因此理论上比特币持有者也可以观察到每一笔交易记录。换句话讲,开放网络上的每一个节点都可以通过交易更改比特币上的记录,而这些交易行为也可以被其他交易参与者知晓,因为这些交易会以记录形式出现在所有人的比特币中。公链这种高度去中心化的特点保证了交易的公正透明:参与的人数越多,交易的次数越频密,交易的安全性反而越有保证,因为理论上几乎不可能控制所有或绝大多数的网络节点来操纵交易记录,从而伪造比特币。
 
然而,高度去中心化的特点也给公链在银行领域应用造成实质困难。因为对于银行来讲,保证交易的隐私性至关重要。而无论是银行客户还是银行本身,在绝大多数情况下都不愿意让自己的交易记录为外人知晓。因此无论是银行内部还是监管当局对于客户交易隐私的保护都有严格的法令规章予以规范。即使是在同一银行内部也会针对不同岗位的员工设立相对应的权限,降低客户交易隐私泄露的风险。简而言之,银行内部系统内都难以应用公链技术,更不要说多家银行采取联合行动或是直接与外部互联网接入。
 
为克服公链技术在隐私保护领域的局限,私链技术应运而生。相对于公链技术在开放网络上的公开运作,私链技术则可以在某一个局域网上运行,例如某个银行内部局域网。更重要的区别是,私链技术可以规定只有网络内的部分固定节点有权限修改交易记录,同时可以有选择地向其他参与者公开相关记录。换而言之,这些固定节点就是私链技术在局域网络中建立的权威节点,在运行过程中,这些权威节点最终决定鉴别交易的真伪,以及记录的更改有效性。
 
相对于公链技术,私链技术无论是在隐私保护还是在交易速度方面都有较大的优势。私链上的交易隐私可以得到很好的保护,它既可以应用于单个银行内部,也可以建立多个银行的共同交易平台。同时,由于只需要通过权威节点的验证,交易能够以更快的速度完成,提高系统内交易处理容量。
 
以此次四大全球性银行要共同研发的“多功能结算币”为例,有很大可能会采用私链技术以确保隐私性。同时,由于这种虚拟结算货币与比特币采用的技术有差别,这两者之间应当存在巨大差异。
 
对于比特币而言,它是依赖公链技术在分布式网络系统中生成的数字货币,总量并不固定,根据事先设定的算法,新的比特币单位可以源源不断产生。更为重要的是,比特币与其他主权货币之间的比值并不恒定;而自其产生以来,比特币与其他货币之间的比值波动极大,这也是比特币本身难于替代现行主权货币成为流通工具的主要原因之一。目前看来,比特币本身更多地被当作一种投资品,其货币功能主要集中在价值储存方面。
 
而“多功能结算币”极有可能以私链技术为基础,它只在开发应用银行之内和之间流通,无法流出这个封闭的系统之外。在设定方面,“多功能结算币”可能没有自身的价值,而是与银行自身持有的主权货币并行存在的一个记账系统。它极有可能对应不同的币种,例如美元结算币、欧元结算币等。因此,“多功能结算币”其实并没有自身的价值,它完全是替代主权货币在封闭系统内完成交易媒介和计价单位这两项重要货币功能。从这个意义上讲,它有点像赌场里使用的筹码,在赌场中这些筹码可以起到计价单位和交易媒介的作用,和主权货币一般无二。但是在离开赌场之前需要将其换回现钱,否则出了赌场筹码的价值就不复存在。“多功能结算币”的价值也同样仅存在于封闭系统之内,在此系统中它可以替代主权货币完成计价和交易的功能,但是它的价值无法在内部封闭系统之外存在。
 
虚拟结算货币的引入可望为传统银行及其客户带来多项好处:首先,使用当前的主权货币支付清算系统通常需要经过中央银行结算系统或第三方机构,这通常会导致交易时间延迟,而使用虚拟货币系统进行结算则可即时完成交易,大幅缩减交易时间。其次,在当前的支付清算系统下,每一笔跨银行交易都需要各个银行后台部门进行程序繁琐的文件检查,应用虚拟货币交易则可以通过系统自动识别区域链上的交易记录,化繁为简、省工省力。再次,虚拟货币自带交易记录特性,令其在反洗钱和反非法交易方面具有天然的优势,一旦怀疑某交易有问题,可以及时查证。最后,在虚拟货币系统之上还可以接入新的金融技术创新,例如同样以区块链为基础的智能合同技术。
 
然而,传统银行与新金融技术两者的融合过程未必能够一帆风顺。以区域链技术为基础的结算币系统也面临一系列的风险与挑战。从技术层面来讲,尽管区块链技术安全可靠性高,但也绝非无懈可击,特别是私链技术,由于它在系统内存在部分权威节点,一旦系统被黑客非法侵入,控制权威节点进行非法交易就成为可能。在这个方面,公链技术的相对优势就会显现,因为公链是完全去中心化的。更为棘手的是,一旦某些非法交易被写入区块链,将会在区块链系统内传播,并且不易修改。
 
同时,在KYC/AML合规方面,因为货币监管当局并不确定虚拟结算货币系统是否存在漏洞,而可能采取比较谨慎的态度。这可能给虚拟结算货币技术带来较高的监管风险,限制其应用范围。和绝大多数互联网技术一样,众多互联网金融技术的价值取决于其能否吸引足够多的使用者。如果虚拟货币技术因未能争取到中央银行认可而无法形成行业标准,那么其应用范围必然受限,为银行带来的好处也会大打折扣。
 
新金融技术的兴起为传统银行带来巨大的挑战,同时传统银行也开始利用新金融技术提高营运效率和增强自身的竞争实力。一个新出现的重要趋势是传统银行大量投资于区块链技术的应用,开发虚拟结算货币,用于升级自身的结算业务能力。尽管在技术上和监管上虚拟结算货币系统的大规模应用仍然存在相当的限制和障碍,但是这种新金融技术仍然在传统银行领域存在广阔的应用前景。在可预见的未来,传统银行必然会继续对包括虚拟结算货币在内的各种新金融技术保持热度并增加投入。在可以预见的未来,传统银行与新金融技术的关系将是既竞争又互补,形成一个“你中有我,我中有你”的新格局。
 
当然,两者的融合过程未必能够一帆风顺。从技术层面来讲,尽管区块链技术安全可靠性高,但也绝非无懈可击,它同样面临着黑客侵入的风险。而且一旦某些非法交易被写入区块链,将会在区块链系统内传播,并不易修改。有鉴于此,众多中央银行对于虚拟货币的态度也较为谨慎。这也给传统银行应用虚拟货币技术带来较高的监管风险。
 
和绝大多数互联网技术一样,新金融技术的价值取决于其能否吸引足够多的使用者。如果虚拟货币技术因未能争取到中央银行认可而无法形成行业标准,那么其应用范围必然受限,为银行带来的好处也会大打折扣。无论如何,在新金融技术发展的新阶段,传统银行的角色必然会越来越重,好戏才刚刚开始。(当代金融家/夏乐)
文章评论(1)
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king on March 14, 2017, 06:59:45 AM



比特币大反弹 收复上周失地
22点看 2017年3月14日
(纽约13日讯)比特币周一大幅反弹,几乎收复了上周五的所有失地;当时美国监管机构驳回Winklevoss兄弟的比特币公开交易基金的申请,这一虚拟货币应声跌18%。

尽管中国《金融时报》周一报道称,一位中国央行官员建议为比特币设定不得杠杆交易等监管底线,但是比特币依然走高。


之前,中国监管机构在现场检查中发现存在利用比特币洗钱的活动。

早前,美国证券交易委员会(SEC)网站上公布的命令,该机构已决定否决建立追踪比特币价格的交易所交易基金(ETF)的申请。

这是对文克莱沃斯(Cameron Winklevoss)和泰勒文克莱沃斯(Tyler Winklevoss)兄弟及其文克莱沃斯比特币信托基金(Winklevoss Bitcoin Trust)一次备受关注的否决,文克莱沃斯兄弟于近四年前首次申请了这种产品。

业界期望一只比特币ETF,将有助这种数字货币吸引华尔街和散户投资者。

SEC的否决至少在目前对比特币是一次挫败。




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Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king on March 20, 2017, 03:20:34 PM



2017-03-20 14:55
闹分家?比特币跌破1000美元
比特币开发者社群的歧见加剧,使这种虚拟货币可能一分为二、出现两种版本的疑虑升高,导致比特币价格上周末重挫约五分之一;上周比特币价格曾达1259美元,但一度跌至970美元,周日的交易价为999美元。
(美国.纽约20日讯)比特币开发者社群的歧见加剧,使这种虚拟货币可能一分为二、出现两种版本的疑虑升高,导致比特币价格上周末重挫约五分之一;上周比特币价格曾达1259美元,但一度跌至970美元,周日的交易价为999美元。

广告
 

 
美国证管会(SEC)拒绝追踪比特币行情的指数股票型基金(ETF)申请案后,比特币价格仍持稳,因为ETF虽然是能够吸引新资金的构想,但并不影响基本面。

然而,比特币开发者之间的角力,却会造成冲击。比特币的开发者、交易公司和企业家,对一项看起来似乎不大的技术问题已争执近两年,即每一批交易“区块”的大小。目前为止,每个区块的上限为1G。

业界有些人士希望提高区块的容量,却引发持续的激烈争辩。支持扩大容量者已组成“Bitcoin Unlimited”,对比特币的区块大小完全不设限,另一派则支持“Bitcoin Core”核心价值,捍卫现状。由于两方都可能赢得足够的支持来封锁对方,一旦双方的版本不相容,目前的比特币将分成两种版本。这种疑虑,也导致比特币的价格大跌。

文章来源:
星洲日报‧财经‧2017.03.20
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king on March 23, 2017, 03:12:41 PM



比特币急跌一成
破1千美元关口
189点看 2017年3月23日
(纽约23日综合电)比特币盘中突现沽压,最新报998美元,跌幅达一成。

市场忧虑比特币开发者对“区块容量”的看法分歧,可能引致该货币分成两种版本。

新闻来源:综合报道


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Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king on April 10, 2017, 06:44:53 AM



13年后或涨至50万美元
这玩意买到就大赚?
2848点看 2017年4月9日
 
Snapchat第1个投资人认为,2030年比特币可能涨至每个50万美元。(网络图)

(纽约9日综合电)比特币在过去7年中有6年荣登全球表现最佳货币,目前价格约为每个1200美元。不过,Snapchat第1个投资人Jeremy Liew和BLOCKCHAIN执行长史密斯(Peter Smith)认为,比特币离完全发挥潜力还很远,2030年比特币价格可能涨至每个50万美元。


Jeremy Liew和史密斯的论点以大众对比特币兴趣增浓为基础,而以下3点是民众对比特币兴趣增浓的原因:

1.比特币汇款增加

世界银行的数据显示,过去15年汇至国外的钱几乎增加1倍,目前已达到GDP的0.76%。Jeremy Liew和史密斯说:“把钱汇回家乡的游子已发现比特币是不贵的替代品,我们认为随着比特币知名度上升,以比特币为基础的汇款占比将大增。”

2.不确定性上升

Jeremy Liew和史密斯表示,英国、美国和开发中国家政局不确定性升高,将有助于提高大众对比特币的兴趣。他们说:“我们相信在地缘政治风险上升之际,知名度高、流动性高、移动便利和表现持续优于市场这些特点,将使比特币成为消费者和投资人心中强劲的投资竞争对手。”

3.行动支付渗透率上升

Jeremy Liew和史密斯认为,随着全球与智慧手机进一步连结,未来10年非现金交易占比将从15%升至30%。目前全球智慧手机渗透率仅63%,2020年前智慧手机用户预估将增加10亿人。这将使几乎所有人口袋里可能都有1家银行,这应会为比特币带来助益。

新闻来源:苹果日报

Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king on April 26, 2017, 06:32:37 AM


Wednesday, 26 April 2017 | MYT 1:44 AM
US regulators to review decision blocking Bitcoin ETF’s listing
image: http://www.thestar.com.my/~/media/online/2017/04/25/17/47/dcx_doc6tvv9y87o93u666p2jr.ashx/?w=620&h=413&crop=1&hash=43D2CD6F33A9F23679E0CE145B3830620C13E4A2
Bitcoin presents a new set of risks to investors given its limited adoption and a number of massive cybersecurity breaches affecting bitcoin owners, among others. The Reuters photo shows a bitcoin sticker on the window of a convenience store in Los Angeles.
Bitcoin presents a new set of risks to investors given its limited adoption and a number of massive cybersecurity breaches affecting bitcoin owners, among others. The Reuters photo shows a bitcoin sticker on the window of a convenience store in Los Angeles.
 
NEW YORK: The US Securities and Exchange Commission plans to review its decision last month to block the listing of the first US exchange-traded fund tracking the digital currency bitcoin, a regulatory filing showed on Tuesday.

A more-than-three-year effort by investors Cameron and Tyler Winklevoss to convince the SEC to allow it to bring the Bitcoin ETF to market stalled when the agency’s staff ruled against them in March.

Bitcoin is a virtual currency that can be used to move money around the world quickly and with relative anonymity, without the need for a central authority, such as a bank or government.

A fund holding the currency could bring more professional investors to the asset and push its price higher.

Yet bitcoin presents a new set of risks to investors given its limited adoption, a number of massive cybersecurity breaches affecting bitcoin owners and the lack of consistent treatment of the assets by governments.

Bitcoin traded up 1.7% at US$1274.99 earlier on Tuesday. The digital currency has rebounded after initially plunging following the SEC’s initial decision calling the digital currency market “unregulated.”

CBOE Holdings Inc’s Bats exchange had applied to list the ETF and appealed to the commission to review its staff’s decision. The exchange did not immediately respond to a request for comment. - Reuters
TAGS / KEYWORDS

Read more at http://www.thestar.com.my/business/business-news/2017/04/26/us-regulators-to-review-decision-blocking-bitcoins-listing/#3ACY4acBh7owEqfQ.99
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king on May 03, 2017, 11:18:07 AM



比特币大胜黄金
直逼空前1500美元
341点看 2017年5月3日
(纽约3日综合电)比特币价位周二盘中再创空前新高,直逼1500美元,进一步拉开领先黄金行情的幅度。

虚拟货币比特币(Bitcoin)1日飙破1400美元大关,2日盘中续涨逾4%,再创历史新高,背后因素包括投机性买盘、交易程序出状况以及流动性不足等。


CoinDesk网站显示,比特币1日一度大涨5.5%,冲上1422.22美元,2日盘中再涨4.4%至1463.77美元,盘中一度升抵1466.15美元,再创空前新高。若采用彭博汇整报价,比特币盘中最高涨了3.97%至1492.8651美元,直逼1500美元(约6600令吉)!

今年来价格已暴涨44%

这意味比特币与黄金现货价差已超过200美元(约880令吉),且自去年2月初低点(368.6898美元)飙涨了3倍以上。

比特币上周才涨破1300美元,如今涨到1400美元,代表今年来价格已暴涨44%。

CoinDesk分析指出,全球比特币交易量大增,特别是来自日本与日本最大比特币交易所bitFlyer的需求,支持近日比特币价位大涨。

相较下,近来黄金行情走势显得差强人意,今年来虽累计上涨约9.3%,但全然不敌比特币同期涨幅约53%。

新闻来源:综合报道

Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king on May 05, 2017, 06:50:42 AM



随着时代的改变,不少餐厅开始接受消费者以虚拟货币进行消费。

国内发布于 2017年05月4日 • 最后更新 8 hours ago • 报导:黄俊南、陈淑珊
虚拟货币新趋势 金钱游戏借机招客

1分享
(槟城4日讯)理大经济系教授连惠慧认为,虚拟货币与金钱游戏是两回事,民众不应混为一谈。她不鼓励民众投资金钱游戏,但她希望无现金交易能更普及化。

她说,使用虚拟货币消费的模式,可能是种新趋势,让人觉得很新颖,可成为吸引投资者的花招。

但她提醒,一般上来说,一些投资计划设计出来的虚拟货币,与金钱游戏有关,多数金钱游戏的问题是缺少监管及透明度,让人担心受骗,因此需小心提防。


她是针对有报导指槟城有家购物商场让投资者使用虚拟货币消费的新闻,接受《东方日报》询问时这么说。



脱手兑现牟利

她表示,一些投资者可使用现金向某公司投资购买虚拟货币,然后在无需使用信用卡或现金下,用虚拟货币在广场内用餐、买衣服及电器等。

除了消费,虚拟货币也被转换成单位,这些单位会在6至8个月内翻倍。投资者最后可透过脱手这些单位兑换现金牟利。

连惠慧说,虚拟货币与金钱游戏是是两回事。虚拟货币的歷史可从比特币说起,价格也有起伏,一些游戏也制造了虚拟货币。

她说,一些国家曾禁止使用虚拟货币,但一些国家仍继续使用,也可用来消费购物。现在也发展出可在一些商店及电子商务消费的电子货币交易。

「虚拟货币及电子货币的共同点是无现金交易,如中国的阿里巴巴及微信已使用电子货币一段

她也建议,无现金消费应更便宜,就像政府现在鼓励电子转账,因此向支票徵收更高的费用,是同一道理。



餐饮业开始接受虚拟货币消费

 随着物价高涨,普罗百姓生活拮据,不少餐饮业都开始接受消费者以金钱游戏积分换取的虚拟货币在餐厅内消费,此举也间接吸引投资者加入金钱游戏的行列。

据了解,一些金钱游戏公司将派息转成积分,让会员到指定的商店进行消费,其中以食肆居多,也包括美髮沙龙、美容中心、保健药行、健身中心等。

在大山脚某新崛起的购物商场,就有不少餐厅接受以金钱游戏积分转换的虚拟货币进行消费。据悉,大部分的餐厅标价较高,但以虚拟货币结帐的消费者,通常都不会在意这些食物的价格。
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king on May 05, 2017, 10:42:21 AM



比特币涨疯了!
飙破1600美元大关
430点看 2017年5月5日
 比特币近来疯涨态势更上一层楼,一连2天飙上空前的1500、1600美元大关。(网络图)
比特币近来疯涨态势更上一层楼,一连2天飙上空前的1500、1600美元大关。(网络图)

(纽约5日综合电)比特币狂飙挡不住!根据彭博汇整报价,比特币价位继周三收盘首度站上1500美元后,周四盘中继续飙破空前纪录1600美元、狂升6.33%来到1612.7551美元(约7096令吉),单单本周短短4天不到,就涨了24%或307.8美元(约1354令吉)!


比特币价格急飙,主因美国证交会日前宣布重审比特币ETF的申请,并估计在5月15日前有所决定,消息让市场重燃憧憬,刺激比特币价格狂涨。事实上,3月份美国证交会以担忧价格操纵和监管困难为由,曾拒绝比特币ETF的申请,故市场注目是次重审会否有新转机。

价值远高于国际黄金行情

另外,日本政府上个月宣布,在4月1日起,比特币成为认可的法定付款方法。有日本传媒称,由于市场对比特币的认受性及合法性认知提高,自上个月起已有超过10家日本公司成立数码货币交易平台。

2009年才问世的比特币,如今价值远高于国际黄金行情,坐实了部分投资人口中“数位黄金”之名。从2013年2月初下探368.6898美元(约1622令吉)后,比特币迄今累计涨了340%,近几个月涨势更格外迅猛。

相较下,纽约黄金期货行情周四盘中仍徘徊在每盎司1230美元(约5412令吉)上下,而且过去4年多来都不曾站上1500美元。

新闻来源:综合报道


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Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king on May 09, 2017, 03:30:30 PM



2017-05-09 15:06
比特币价格首度突破1600美元.投资机构上看4千美元
比特币价格周一首次突破1600美元,环球顾问比特币投资基金董事马斯特斯预计,比特币价格短期内剧烈上涨,目前价值已得到充份反映,短期内有可能回落至1100美元。
(美国.纽约9日讯)比特币价格周一首次突破1600美元,环球顾问比特币投资基金董事马斯特斯预计,比特币价格短期内剧烈上涨,目前价值已得到充份反映,短期内有可能回落至1100美元。

广告

 
不过,丹尼尔-马斯特斯认为比特币的长期前景依然强劲,未来8到14个月内,预测将达到4,000美元左右。

其他人也表达了类似观点,香港比特币交易平台Gatecoin的创始人兼首席执行员梅南特表示,预计比特币价格今年将突破3,000美元。

自4月以来,比特币价格一路上涨,周一盘中一度升至1601.05美元,创历史新高,但目前回落至1575美元左右。过去30天,比特币价格累计上涨33%。

文章来源:
星洲日报‧财经‧2017.05.09
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king on May 10, 2017, 08:30:38 AM



Business NewsHome > Business > Business News
Wednesday, 10 May 2017 | MYT 6:52 AM
Bitcoin surges to all-time high above US$1,700
image: http://www.thestar.com.my/~/media/online/2017/01/31/06/19/bitcoin.ashx/?w=620&h=413&crop=1&hash=52E031958515D886B4777D5EFE36B29C46523BEE
"We have an influx of new capital in the space and that capital goes back and forth among crypto-assets and bitcoin," said Chris Burniske, blockchain products leader at ARK Invest in New York, which manages exchange-traded funds.  "Bitcoin is still the main liquidity provider in the market and people use it to buy other crypto-assets."
"We have an influx of new capital in the space and that capital goes back and forth among crypto-assets and bitcoin," said Chris Burniske, blockchain products leader at ARK Invest in New York, which manages exchange-traded funds. "Bitcoin is still the main liquidity provider in the market and people use it to buy other crypto-assets."
 
NEW YORK: Digital currency bitcoin hit a record high on Tuesday as demand for crypto-assets soared with the creation of new tokens to raise funding for start-ups using blockchain technology.

Blockchain, the underlying technology behind bitcoin, is a financial ledger maintained by a network of computers that can track the movement of any asset without the need for a central regulator

Bitcoin hit a record $1,760.40 on the BitStamp platform and was last at $1,747.89, up 6 percent on the day. So far this year, bitcoin has surged nearly 80 percent. Bitcoin's market capitalisation on Tuesday soared to $52.5 billion, according to data from coinmarketcap.com.

Aside from being an asset that can be traded on exchanges like stocks and bonds, bitcoin has become a mode of payment for some retailers, such as Overstock.com, and a way to transfer funds without the need for a third party.

"We have an influx of new capital in the space and that capital goes back and forth among crypto-assets and bitcoin," said Chris Burniske, blockchain products leader at ARK Invest in New York, which manages exchange-traded funds.

"Bitcoin is still the main liquidity provider in the market and people use it to buy other crypto-assets."

That said, Minneapolis Federal Reserve Bank President Neel Kashkari has been sceptical about bitcoin's outlook, noting that blockchain has more potential for being adopted in the future than the digital currency itself.

"I think sentiment has shifted in the markets, in the Fed," Kashkari said at a technology conference in Minneapolis on Tuesday.

Still, a big part of bitcoin's recent surge is the increase in demand for other digital currencies being sold in so-called "initial coin offerings," or ICOs. Under ICOs, blockchain start-ups sell their tokens directly to the public to raise capital without any regulatory oversight.

At least 40 start-ups have launched an ICO this year, according Smith + Crown data.

"For the first time in financial history, founders can access capital from both large and small investors armed with nothing more than a slick website," said Arthur Hayes, chief executive at crypto-currency derivatives trading platform BitMEX.

Analysts say the foundation for bitcoin's gains was set last July in a process called "halving," in which rewards offered to bitcoin miners shrink. That has constrained bitcoin's supply.

Bitcoin relies on so-called "mining" computers that validate blocks of transactions by competing to solve mathematical puzzles every 10 minutes. In return, the first to solve the puzzle and clear the transaction is rewarded with new bitcoins. - Reuetrs
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Stocks , Earnings , Forex , Investing , Markets

Read more at http://www.thestar.com.my/business/business-news/2017/05/10/bitcoin-surges-to-all-time-high-above-$1700/#FZ4mxl3TVw2arZAG.99
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king on May 11, 2017, 05:10:40 PM



Bitcoin crosses $1,800 for the first time adding $3 billion in market cap in just four days
Bitcoin crossed $1,800 for the first time on Thursday.
The rally in bitcoin has been driven by a number of factors such as positive noises from policymakers as well as the legalization of the cryptocurrency in Japan.
Debate over the future of the underlying technology of bitcoin continues.
Arjun Kharpal   | @ArjunKharpal
1 Hour Ago
CNBC.com
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Bitcoin surpassed $1,800 on Thursday to a fresh record high, rising more than $100 in just two days, driven by comments from policy makers and positive noises around the future of the cryptocurrency.

The price of the digital currency was trading at around $1,824 by early morning in London, according to Coindesk's bitcoin price index. It breached $1,700 for the first time on Tuesday.

Since Monday, the market capitalization of bitcoin has risen over $3 billion to $29.53 billion. The price of bitcoin has soared 81 percent since the start of the year.

The latest price driver was comments from Minneapolis Federal Reserve Bank President Neel Kashkari. The policymaker talked up the potential of blockchain – the technology that underpins bitcoin.

Bitcoin
George Frey | Getty Images
"I would say I think conventional wisdom now is that blockchain and the underlying technology is probably more interesting and has more potential than maybe bitcoin does by itself," Kashkari said at a technology conference, according to Reuters.

His comments are the latest in a growing number of officials that have supported bitcoin and blockchain technology, helping to bring it more into the mainstream.

Japan legalized the cryptocurrency as a payment method recently and this has led to a greater amount of bitcoin being bought with yen, which is helping to support the price.

At the same time, Russia, one of the strongest opponents of bitcoin is seeking to regulate the digital currency.

In the U.S., Cameron and Tyler Winklevoss proposed an exchange-traded fund (ETF), which would have allowed large institutional investors to get in on bitcoin. However, the Securities and Exchange Commission (SEC) rejected the application, but they are now reviewing their original decision, stoking hope that it might get a second chance.

Such positive noises have led to some experts, such as Aurelien Menant, founder and CEO of Gatecoin, a regulated blockchain assets exchange based in Hong Kong, to suggest that the price of bitcoin could hit $3,000 by the end of the year.

Meanwhile, within the bitcoin community, a debate has been raging about the future of the technology that underpins bitcoin. Transactions in bitcoin are taking longer than they have done before because of a backlog in the system. Some community members proposed a solution that could have led to a process known as a "hard fork", leading to two separate bitcoin currencies. Such concerns have abated however with an alternative solution being put forward.

Read this article for a full recap and explanation of the debate and why it matters to th
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king on May 17, 2017, 06:59:19 AM



2017-05-16 19:19
李勇坚.虚假的货币
当今世上,最高回酬的货币是什么?自然非比特币莫属,该货币在今年来狂飙94%,涨幅之高,谁与争锋。
当今世上,最高回酬的货币是什么?

广告

自然非比特币(Bitcoin)莫属,该货币在今年来狂飙94%,涨幅之高,谁与争锋。

最近全球爆发有史以来最严重勒索病毒,比特币是指定赎金,更让这种虚拟货币“奇货可居”。

由电脑程式采矿而来的比特币,在2008年横空出世,全球至今只有1633万枚,估计在2110年开采完毕,总共限量2100万枚。

在今年3月份,比特币因中国当局打压,一度跌至960美元低位,但过后便绝地反弹,5月9日才突破1700美元大关,转眼间在5月12日升至1843美元历史新高水平。

如果被勒索的电脑用户都要靠它来还赎金,比特币或将迎来更惊人的牛市行情。

比特币表现彻底跑赢货币、股市、石油及黄金等主流投资工具,突显了其大起大落的投机特性。该货币在2014年暴跌56%,但在2015年和2016年分别飙涨35%和126%。

交易所:股票比金钱游戏安全
广告

比特币这次狂涨的原因众说纷纭,有说是因为美国证交会宣布重审比特币指数基金(ETF)的申请,并估计在5月15日前有所决定,市场憧憬重审会否有新转机。

同时,报道指东京Coincheck将推出比特币的固定利率存款,俄罗斯及印度政府亦有意让虚拟货币合法化,以及今年已有逾40家新创企业进行创新融资方式ICO(Initial Coin Offering),令比特币也跟着炙手可热。

但比特币牛气冲天,最重要的因素还在于这是“无王管”的虚拟货币交易,加上供应量有限,极易被哄抬炒作。

因此,比特币也最适合拿来吹捧为赚取超高回酬的生财工具,成为金钱骗局玩家的心头好。

广告

就像解救普通人(JJPTR)的李宗圣,以及其它许许多多的快速致富金钱游戏,都宣称投资在比特币或其它各种虚拟货币。

比特币的创造者声称要透过这种货币来终结目前由各国中央银行控制的资本主义货币模式,要还政(货币控制权)于民。听起来像是要吹响人民来当家作主的口号,打造美丽新世界,但这可能只是理想乌托邦的假象。在实际运作上,比特币可以匿名,加上缺乏透明度.监督和制衡机制,将催生各种滥用、操纵和欺骗行为。

比特币要成为市场接受的货币,价格也必须保持稳定,但该货币货币大起大落,投机气息浓厚。由于是数码货币,也面对运算漏洞和骇客入侵的问题,同时一旦各国政府一声令下打压,炒风将瞬间消失,这都是其中不能忽视的风险。

比特币并非一无是处,它所运用的“区块链”(blockchain)网络钱包技术,就备受全球银行业者所推崇,连联储局官员都承认,这种技术大有可为,有助发展创新金融系统。但是,若比特币继续沦为投机炒作的工具,变成金钱游戏骗子用来鼓吹一夕致富的帮凶,终将失去其存在的意义。

文章来源:
星洲日报‧焦点评析‧文:李勇坚‧2017.05.15
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king on May 17, 2017, 02:07:53 PM



Business NewsHome > Business > Business News
Wednesday, 17 May 2017 | MYT 11:03 AM
All about bitcoin, the mysterious digital currency
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: As the hackers behind the global ransomware attack demand payment in bitcoin, here is a look at the basics behind the electronic currency.

Why are hackers using bitcoin?

The digital currency bitcoin has emerged as a favourite tool for hackers demanding a ransom for a simple reason: You can start accepting bitcoin anywhere in the world without having to reveal your identity.

For criminals, this makes bitcoin much more attractive than systems like Western Union, which generally require customers to provide identification before opening an account and receiving transferred money.

Click on the link for more: http://www.straitstimes.com/world/united-states/all-about-bitcoin-the-mysterious-digital-currency
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Read more at http://www.thestar.com.my/business/business-news/2017/05/17/all-about-bitcoin-the-mysterious-digital-currency/#ouPyu9EL4Vlyg8qi.99
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king on May 17, 2017, 02:09:22 PM



All about bitcoin, the mysterious digital currency
 A collection of bitcoin tokens.
A collection of bitcoin tokens. PHOTO: BLOOMBERG
PUBLISHEDMAY 16, 2017, 10:30 AM SGT
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NEW YORK - As the hackers behind the global ransomware attack demand payment in bitcoin, here is a look at the basics behind the electronic currency.

WHY ARE HACKERS USING BITCOIN?

The digital currency bitcoin has emerged as a favourite tool for hackers demanding a ransom for a simple reason: You can start accepting bitcoin anywhere in the world without having to reveal your identity.

For criminals, this makes bitcoin much more attractive than systems like Western Union, which generally require customers to provide identification before opening an account and receiving transferred money.


WHAT IS BITCOIN?

Bitcoin is a digital token that can be sent electronically from one user to another, anywhere in the world.

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Bitcoin is also the name of the payment network on which the bitcoin digital tokens move. (Some people differentiate between Bitcoin capitalised, as the token, and bitcoin lowercase, as the network.)

Unlike traditional payment networks like Visa or American Express, no single company or person runs the bitcoin network. Instead, it is a decentralised network of computers around the world that keep track of all bitcoin transactions, similar to the decentralised network of servers that makes the Internet work.



Bitcoin mining computers in Bitfury's mining farm near Keflavik, Iceland. PHOTO: REUTERS
Because there is no central authority running bitcoin, no one has the authority to force new users to reveal their identities. The network was designed this way to create a currency and a financial network outside the control of any government or single company.

The computers that join the network and track bitcoin transactions are motivated to do so by the new coins that are released to the network every 10 minutes and are given to one of the computers helping to track the transactions and maintain the network.

HOW DO YOU BUY AND RECEIVE BITCOINS?


A Bitcoin ATM at the Staten Island Ferry's Whitehall Terminal in New York. PHOTO: NYTIMES
There are companies in most countries that will sell you bitcoins in exchange for the local currency.

In the United States, a company called Coinbase will link to your bank account or credit card and then sell you the coins for US dollars. Opening an account with Coinbase is similar to opening a traditional bank or stock brokerage account, with lots of verification of your identity needed.

bitcoin.jpg
A Bitcoin paper wallet with QR codes and a coin.
Related Story
Few victims are paying hackers because using bitcoin is hard

For people who do not want to reveal their identities, there are services like LocalBitcoins that will connect local people who want to buy and sell bitcoins for cash, generally without any verification of identity required.

To start accepting bitcoins is even easier. One needs only to create a bitcoin address, which can be done anonymously by anyone with Internet access.

The price of bitcoin fluctuates constantly and is determined by open-market bidding on bitcoin exchanges, similar to the way that stock and gold prices are determined by bidding on exchanges.

CAN THE AUTHORITIES TRACK CRIMINALS USING BITCOIN?

All bitcoin transactions are recorded on the network's public ledger, known as the blockchain.

Law enforcement or financial authorities can sometimes use the blockchain to track transactions among criminals. But as long as the criminals do not associate a real-world identity with their bitcoin address, they are generally safe.

Complicating matters further, there are increasingly sophisticated bitcoin laundering services, known as tumblers, which mix large quantities of transactions together in order to make it harder for the authorities to track the transactions.

Where it can get more difficult for hackers is when they want to convert the bitcoins they have received into a traditional national currency.

Most companies that convert bitcoins to dollars in the United States require that their customers provide identification. If a criminal registered with a company like that, it would be relatively easy for the police to track them down.

But there are many bitcoin exchanges outside the United States that do not require customers to register with a real-world identity.

LocalBitcoins also makes it easy to find someone in any city around the world who will meet you in person and pay cash for bitcoins without requiring any identification - a sort of Craigslist for bitcoin exchanges. It is also getting easier to buy goods online using bitcoins, without ever converting the digital currency into dollars or euros.

WHAT'S HAPPENING WITH THE PRICE OF BITCOIN?


A Bitcoin sign is seen in a window in Toronto. PHOTO: REUTERS
The price of bitcoin has recently hit a high above US$1,800 (S$2,516).

Like gold, the price of bitcoin has always been driven by the scarcity of the digital tokens. When bitcoin was created in 2009, it was determined that only 21 million coins would ever be created.

Technology investors have purchased coins and pushed up the price out of a belief that the tokens and the system will be a sort of global digital currency and financial network for the future.

While real-world transactions have been slow to take off, bitcoin has continued to be popular for black market uses like ransomware and online drug markets like the Silk Road and its successors.

The corporate world has also taken interest in the technology that enables bitcoin, especially its decentralised financial network and the blockchain, the global ledger where all bitcoin transactions are recorded.

Many banks are making big bets that real-world financial transactions will one day be run on networks similar to bitcoin, which can operate more quickly, efficiently and securely than traditional financial networks.

There are now many competitors to bitcoin, like Ethereum, and their value has also been pushed up by growing interest in the bitcoin technology. But bitcoin has remained the largest so-called cryptocurrency and is generally the one that people use to buy and sell other cryptocurrencies.

WHAT ARE THE CURRENCY'S ORIGINS?

Bitcoin was introduced in 2008 by a shadowy creator going by the name of Satoshi Nakamoto, who only communicated by e-mail and social messaging.

While several people have been identified as likely candidates to be Satoshi, as the creator is known in the world of bitcoin, not one has been confirmed. So the search for Satoshi has gone on.

Satoshi created the original rules of the bitcoin network and then released the software to the world in 2009.

Whether it is he, she or they, Satoshi largely disappeared from view two years later. Anyone can download and use the software, and Satoshi now has no more control over the network than anyone else using the software.
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king on May 19, 2017, 08:29:48 PM



飙破1900美元新高
比特币今年疯涨近一倍
226点看 2017年5月19日
(纽约19日综合电)CoinDesk网站显示,比特币价格指数(BPI)再创新高,全球交易所平均的比特币交易价格19日已飙涨至1902美元,再创新高。

财经网站CNBC报道,比特币已成全球投资人寻求避险交易的资产标的,而且亚洲对这种数位货币的投资兴趣也日益提高。


比特币今年来迭创新高,目前价位距离2000美元大关只差100美元左右,若达此里程碑,将代表比特币成为今年来价值翻涨一倍的资产之一。

比特币今年1月1日时才涨破1000美元,但随着媒体不断报导数位货币的技术与其他范围更广的区块链技术,比特币价格遭遇剧烈波动。

总市值已达310亿美元

实际上,在Poloniex与Bitfinex两个比特币交易所中,比特币的价格已徘徊在1960美元左右。

比特币涨破1900美元,已比去年大涨3倍。去年5月18日的价格为453美元。全球现有比特币目前的总市值已达310亿美元(约1364亿令吉)。

比特币疯涨,也带动全球加密货币市场的整体市值突破600亿美元(约2640亿令吉)。

BKCM执行长凯利表示,比特币大涨的原因之一,是投资人藉此避险,对抗政治混局,包括美国总统特朗普阵营的“通俄门”事件与巴西总统陷入贪腐丑闻,引发金融市场动荡。

此外,日、韩投资人对比特币需求大增,也是拉抬价格的因素之一。

新闻来源:经济日报

Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king on May 21, 2017, 10:55:49 AM



一年累升3.2倍
比特币跑赢金股汇
110点看 2017年5月21日
(纽约21日综合电)早前爆发的勒索病毒WannaCry,由于勒索赎金收取比特币,因而也让比特币备受全球关注起来。数据显示,比特币过去一年累升近3.2倍,跑赢美股的18.6%、美汇的2.7%及黄金的-1.8%。而本身是比特币挖矿者及虚拟货币研究者吴国晋预期,比特币短期内有机会升至2200至2400美元(约9680令吉至1万560令吉)。

根据比特币谘询网站CoinDesk实时监控数据显示,目前所有坊间比特币交易平台的比特币均价达1902美元,市值突破600亿美元大关。而自去年5月18日起过去一年计算,比特币价格累升近3.2倍,市值亦升逾1倍至636亿美元(约2798亿令吉)。


回想一年前的5月18日,当时的比特币价格只有453美元,市值为310亿美元(约1364亿令吉)。而CoinDesk并指,目前已有Poloniex和Bitfinex这两个交易平台的比特币价格超过1960美元(约8624令吉)。

至于比特币周五在高位遇到阻力,CoinDesk报价显示,周五晚最新报1982.97美元,离2000美元不足20美元。吴国晋预测,短期内有机会升至2200至2400美元,长期甚至达到1万美元。吴国晋又指,比特币用户规模增长迅速,从2013年12万人升至2017年650万人,到2030年很有可能会达到4亿人。

新闻来源:东网

Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king on May 22, 2017, 03:14:47 PM



Business NewsHome > Business > Business News
Monday, 22 May 2017 | MYT 1:27 PM
Bitcoin options exchange raises US$11.4m in funding
image: http://www.thestar.com.my/~/media/online/2017/01/17/06/25/bitcoinplummetsinvalueaspbocannouncesformalinvestigationintovirtualcurrency.ashx/?w=620&h=413&crop=1&hash=59611372E2A00F9CF46CA78CC3F427F5E90E7941

 
NEW YORK: Ledger Holdings, the New York-based parent company of bitcoin options exchange LedgerX, said on Monday it closed $11.4 million in funding led by Miami International Holdings Inc and China's Huiyin Blockchain Venture Investments.

The funding supports LedgerX's plan to operate a regulated exchange and clearing house for bitcoin and other digital currencies.

LedgerX is awaiting regulatory approval from the Commodity Futures Trading Commission to operate the first U.S. regulated exchange and clearing house for bitcoin options. On approval, participating institutions can use the LedgerX platform to obtain and hedge bitcoin using exchange-traded and centrally cleared options contracts.

"In the short term, these investments will further our application to become a regulated exchange and clearing house for bitcoin options," Paul Chou, chief executive officer of LedgerX LLC, said in a statement.

"In the long term, these strategic investors will help us enter additional marketplaces and territories," he added.

Chou sits on the CFTC's Technology Advisory Committee.

Miami International Holdings is the parent company of Miami International Securities Exchange LLC and MIAX PEARL LLC, two fully electronic options trading exchanges.

MIAX Options lists and trades options on more than 2,600 multi-listed classes. Huiyin Blockchain Venture is a subsidiary of investment conglomerate Huiyin Group.

LedgerX earlier raised $1.5 million from funders led by Google Ventures and Lightspeed Venture Partners.

Bitcoin is a virtual currency that can be moved like money around the world quickly and anonymously without the need for a central authority. It hit a record high over the weekend, with one unit of bitcoin trading above $2,000 on the BitStamp platform. - Reuters
 
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Read more at http://www.thestar.com.my/business/business-news/2017/05/22/bitcoin-options-exchange-raises-$11pt4m-in-funding/#5V4PR2Xx0eP713O5.99
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king on May 23, 2017, 06:51:13 AM



History is Made: Bitcoin Prices Top $2,000 to Set New All-Time High
May 20, 2017 by Charles Bovaird

Markets  •  News  •  Bitcoin  •  Markets News
 

The price of bitcoin surpassed $2,000 for the first time in history today, pushing the cryptocurrency to a fresh, new record amid rising trader interest.

The currency's price rose as much as 2.62% during the session, according to CoinDesk's Bitcoin Price Index (BPI) to hit a press time high of $2,019. By rising above $2,000, bitcoin's price has surged more than 100% this year and nearly 125% since hitting an annual low of $891.51 in late March.

Now that the the digital currency has surpassed this key, psychological level of $2,000, it could experience some significant tailwinds, according to several analysts who spoke with CoinDesk.

High hopes

Arthur Hayes, co-founder and CEO of leveraged digital currency platform BitMEX, told CoinDesk that should bitcoin prices "convincingly" surpass $2,000, "the rate of price appreciation will accelerate dramatically".

Charles Hayter, co-founder and CEO of CryptoCompare, also weighed in on the importance of this price level, stating:

"As a psychological level, bitcoin hitting $2,000 is an important milestone and will generate further interest that could boost the price further."

Speaking of interest, analysts generally agreed that bitcoin's rise above $2,000 could spur significant attention from the media. Hayes offered similar sentiment, stating that a sustained rise above $2,000 would prompt every major financial media outlet to cover bitcoin.

In spite of all this visibility, Hayter cautioned that sometimes, the "lack of sophistication" that goes along with mainstream media coverage "can be dangerous as it snowballs momentum."

Interestingly enough, Google Trends data has thus far shown that online searches for the word "bitcoin" have still not recovered to the all-time high they set in December 2013, but they are getting closer. While a figure of 100 represents the highest point for these searches, the metric stood at 85 at the time of report.



While many agreed that bitcoin's rise above $2,000 would spur greater media coverage, the factors that drove the currency's price above this level seemed a bit more complex.

Growing trader interest

One development that has coincided with bitcoin's sharp price gains over the last several months is the rising interest of traders, as measured by trading volume at major exchanges. Earlier this month, both Kraken and Poloniex announced that they were experiencing surging transaction activity.

Kraken indicated that on 5th May, trading volume across all digital assets surpassed $178m, setting an all-time high and beating the prior record by 25%.



Poloniex expressed similar sentiment, saying in a statement that:

"We have never seen such enthusiasm for trading blockchain tokens as we have in the past few months. Since January, we've seen an increase of more than 600% active traders online and regularly process 640% more transactions than we did merely [four] months ago."

Another factor that has helped drive bitcoin prices is the rising influence of Japan in the bitcoin markets, where the technology is now regulated. The Japanese yen is the single largest currency being exchanged for bitcoin, accounting for more than 45% of the money flow into bitcoin at the time of report, according to CryptoCompare data.

The US dollar came in a relatively distant second, making up approximately 30% of the money flowing into bitcoin, according to additional CryptoCompare figures.

This increase in the use of the Japanese yen comes after Japan moved to formally recognize bitcoin as a legal method of payment starting 1st April. The country's lawmakers enacted legislation that both classified the cryptocurrency as a type of prepaid payment instrument and also caused it to fall under anti-money laundering and know-your-customer rules.

Scaling dilemma fades

Bitcoin prices have even been rising sharply in spite of the cryptocurrency's ongoing scaling dilemma, an ongoing issue with its transaction capacity that members of the bitcoin community have been trying to resolve.

Developers could address this problem by increasing block size, increasing the number of transactions that can fit into an individual block through Segregated Witness, or both. Thus far, the bitcoin network has failed to rally the support needed to bring about any such changes.

Still, bitcoin markets seem unhindered by the scaling dilemma, and Hayes spoke to this development:

"It appears the scaling issue is forgotten. The positive momentum and publicity continues to attract new capital into bitcoin."

Rocket icon via Shutterstock

PricesBitcoin
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king on May 23, 2017, 11:56:10 AM



2017-05-23 10:59
比特币破2200美元新高.7年来爆升77万倍
虚拟货币比特币(Bitcoin)首度交易刚满7年,价格不断创新高,连环升穿1950美元、2000美元、2100美元、2200美元关口,最高见2297美元(约9874令吉),7年来累计爆升76.57万倍。换言之,若7年前以1美元购入比特币,该批比特币今日市值已升至76.57万美元(约329.17万令吉)。

(图:法新社)
(美国.纽约23日讯)虚拟货币比特币(Bitcoin)首度交易刚满7年,价格不断创新高,连环升穿1950美元、2000美元、2100美元、2200美元关口,最高见2297美元(约9874令吉),7年来累计爆升76.57万倍。换言之,若7年前以1美元购入比特币,该批比特币今日市值已升至76.57万美元(约329.17万令吉)。

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不过,创2297美元的新高后,比特币价格稍为回落。根据比特币交易商Coindesk数据显示,现比特币价格回落至2163.36美元,但仍较每安士黄金价格高出近一倍。

比特币于2009年首度推出,至2010年5月22日首度公开交易,当时一名比特币“矿工”Laszlo Hanyecz共花了一万枚比特币买了两块Pizza,是史上首宗以比特币作为支付货币的交易,故这天亦被市场称为“比特币Pizza日”(Bitcoin Pizza Day)。

若以现市价计,该两块Pizza共值2163.36万美元(约9300万令吉),但Laszlo Hanyecz当时认为,每枚比特币的市值只有仅0.3美仙。不过,时至今日,比特币的价格已急速飙升,根据Coindesk估算,目前比特币的总市值已突破600亿美元大关。

比特币兴起亦与市场接受程度相辅相成,早前日本乐桃航空亦公布,客户可以开始使用比特币完成订票付款。最近影响全球资讯系统的勒索程式“WannaCry”亦以比特币作勒索货币。(香港明报)

文章来源:
星洲网‧2017.05.23

Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king on May 24, 2017, 06:50:35 AM



投机激励升势
比特币今年涨逾1.3倍
133点看 2017年5月23日
 

(纽约23日讯)受新一波投机性投资带动,比特币价格在刚刚过去的这个周末至本周一大幅飙升。


根据新闻和研究网站CoinDesk,比特币价格周一突破2200美元,单日涨幅约9%,较上周五的收盘纪录高点1913美元,上涨了超过15%。

今年以来,比特币已累计上涨逾130%,同比则上涨了约397%。

这种问世近10年加密货币市场波动剧烈且难以理解,但几个趋势正为其近期涨势提供支撑,包括地缘政治风险上升及日本投资者的新一波买盘。

受到新型筹资方式——首次代币发行(initial coin offering)的带动,虚拟货币整体迎来了新一波投机性投资。

另一个推高比特币的因素来自亚州,尤其是日本。日本于今年春季将比特币纳入该国的监管系统,刺激该国的比特币交易大幅攀升。

此外,投资者也猜测,长期以来有关比特币市场交易架构的争议可能很快获得解决,为比特币带来更大的需求。

Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king on May 25, 2017, 02:07:51 PM



中国比特币连涨30天
价格逼近1万
410点看 2017年5月25日
 
日前蔓延的勒索病毒骇客要求以比特币支付赎款,让比特币再度受到投资人青睐。

(北京25日讯)日前蔓延的勒索病毒骇客要求以比特币支付赎款,让比特币再度受到投资人青睐。


中国大陆的比特币价格也持续上涨,近30天涨幅达到115%,最高价格逼近人民币16000元(约9940令吉)。

24日上午约9时30分,中国大陆比特币交易平台Bitfinex交易价格最高达2310美元,另一个交易平台火币网价格也突破15000元,最高逼近16000元。

中国大陆比特币价格再次翻倍,近30天涨幅达到115%。

北京晨报报道,火币网分析师指出,日前举行的2017共识大会上,来自全球21个国家的56个虚拟货币公司达成共识,将采用隔离验证2MB分叉计划,扩充比特币区块链,这意味着比特币区块链的壅塞现象将能获得解决,比特币转帐可以更快确认。

仅管中国大陆比特币交易价格近来飙涨,但交易量仍较过去大幅下跌。数据显示,人民币比特币交易在全球所占比重为11.9%,为全球第3位。


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Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king on May 25, 2017, 06:54:04 PM





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主页 > 财经 > 国际 > 比特币强涨 飙破2400美元
比特币强涨
飙破2400美元
235点看 2017年5月25日
(布鲁塞尔25日讯)比特币价格24日涨破2400美元,写下纪录。

业内人士认为,这波涨势并非仅是投机热潮,而反映市场对高风险数位资产的胃口渐消,转而拥抱架构更完整的加密货币。


Blockchain共同创办人兼总执行长史密斯日前在纽约的一场会议上表示:“比特币成交量,多来自其他替代性虚拟资产,而非美元、日元或欧元。人们认为这些新兴资产风险太高,赚钱后获利了结、将资金移转至比特币。”

根据CoinDesk的报价,比特币24日盘中一度涨到2418.4美元,是历来首度突破2400美元关卡。

继比特币之后,又有Ripple等各式各样的替代性加密货币问世,企业也透过“首次公开发募币”(ICO)出售这些货币。

部分人忧心比特币市场泡沫化,但史密斯与虚拟货币交易平台ShapeShift总执行长沃里斯都认为无需过虑,大起大落在经济周期中相当正常。

Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king on May 26, 2017, 06:38:31 AM



TECH TRANSFORMERS
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If you bought $100 of bitcoin 7 years ago, you'd be sitting on $75 million now
The price of bitcoin hit a fresh record high on Monday nearing $2,200.
Monday also marks the seventh anniversary of Bitcoin Pizza Day, which is widely considered to be the first transaction using the cryptocurrency.
If you bought $100 worth of bitcoin on May 22, 2010, you'd be sitting on around $72.9 million today.
Arjun Kharpal   | @ArjunKharpal
Monday, 22 May 2017 | 12:51 PM ET
CNBC.com
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    Bitcoin's big rally pushes prices to record highs 
Monday, 22 May 2017 | 2:53 PM ET | 01:54
Monday marks the seven-year anniversary of Bitcoin Pizza Day – the moment a programmer named Laszlo Hanyecz spent 10,000 bitcoin on two Papa John's pizzas.

More important than the episode being widely recognized as the first transaction using the cryptocurrency is what it tells us about the bitcoin rally that saw it break through the $2,100 and $2,200 marks on Monday.

Bitcoin was trading as high as $2,251.61 midday Monday, hitting a fresh record high, after first powering through the $2,000 barrier over the weekend, according to CoinDesk data.

Bitcoin
Getty Images
On May 22, 2010, Hanyecz asked a fellow enthusiast on a bitcoin forum to accept 10,000 bitcoin for two Papa John's Pizzas. At the time, Hanyecz believed that the coins he had "mined" on his computer were worth around 0.003 cents each.

Bitcoin mining involves solving a complex mathematical solution with the miner being rewarded in bitcoin. This is how Hanyecz got his initial coins.

The cryptocurrency has many doubters as it continues to be associated with criminal activity, but it has still seen a stunning rally. Here are two facts, on Bitcoin Pizza Day, however, that highlight this:

While being worth $30 at the time, Hanyecz pizzas would now cost $22.5 million at current bitcoin prices.
If you bought $100 of bitcoin at the 0.003 cent price on May 22, 2010, you'd now be sitting on around $75 million.
A number of factors have been driving the rally:

Recently passed legislation in Japan that allows retailers to start accepting bitcoin as a legal currency has boosted trading in yen, which now accounts for over 40 percent of all bitcoin trade
Political uncertainty globally has driven demand for bitcoin as a safe haven asset
A debate within the bitcoin community about the future of the underlying technology behind bitcoin known as the blockchain has been taking place. There was fear at one point this could lead to the creation of two separate cryptocurrencies but those worries have largely subsided with an alternative, more palatable option now being put forward.
For an in-depth look at the factors driving bitcoin, click here.

Bitcoin has rallied over 120 percent year to-date.

Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king on May 26, 2017, 04:57:49 PM



2017-05-26 16:20
一度涨至2800美元.比特币终于崩跌了
比特币一路狂飙,终于出现后继无力迹象。

(图:法新社)
(美国.纽约26日讯)比特币一路狂飙,终于出现后继无力迹象。

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转跌9.2%

这个虚拟货币25日一度上涨15%,首度触抵2800美元,后来转而大跌9.2%,至2230美元。比特币最近29个交易日有26个交易日上涨,这段期间涨了107%。

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比特币周二以来大涨25%,主要因为代表56家企业的数位货币集团(Digital Currency Group)在纽约开会达成标准化协议。

比特币近来利多频频,日本新版支付服务法4月1日全面施行,正式承认虚拟货币合法支付地位,同时日本业者也随即跟进推出比特币行动支付系统。另外,俄罗斯最大网络零售商Ulmart也表示开始接受比特币付费。

不过,市场仍在观望美国证管会决议,证管会5月15日前接受各方意见,决定是否驳回成立比特币指数股票型基金(ETF)的申请。

Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king on May 28, 2017, 03:12:03 PM



比特币坐“过山车”
3天累跌32.5%
1160点看 2017年5月28日
(纽约27日综合报道)比特币(Bitcoin)价格今年以来持续狂飙,但在周四至周六的3日之间连续回落,价格在期间曾一度累计急跌逾900美元,并曾低见1874.64美元,3天累计跌幅高逾32%。

根据比特币交易平台CryptoCompare,比特币傍晚6时后曾跌至1900美元关口,报1874.64美元,按日跌逾26%。而与该平台比特币价格周四晚高位2780.10美元比较,3天累跌32.5%。


惟其后价格又异常反覆,单日表现如坐过山车般,直至晚上8时半,该平台比特币价格反弹逾200美元,并重上2000美元关口,最新报2092.11美元,按日跌幅收窄至逾15%。

对于本周比特币价格疯狂飙升,外电引述分析指,全球市场上的比特币,都是通过“挖矿”获得,但全球可以产生的比特币总数只有2100万个。这意味着新大量投资者涌入,将会推动比特币价格大幅上涨。

此外,通过Coinbase等在线交易平台,普通人可以使用银行卡方便使用交易比特币,亦使资金可以用极快的速度流入。

Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king on May 30, 2017, 12:25:55 PM



WORLDCORPORATE
Bitcoin's rapid surge raises reasons to question latest frenzy
Bloomberg
/
Bloomberg

May 30, 2017 11:51 am MYT
-A+A
NEW YORK (May 30): Bitcoin’s astronomical rally has cryptocurrency bulls feeling vindicated. Not so fast, skeptics say.

The digital currency’s more than 100% surge in the past two months looks eerily familiar, argue the bears, pointing to November 2013, when the price quintupled in short order to top US$1,000 for the fist time. By Valentine’s Day it was worth around half that, and spent the better part of the next two years languishing below US$500.

Then it absolutely exploded — jumping more than US$1,400 in two months. At its height last week, one bitcoin could buy about two ounces of gold. Its champions touted the arrival of blockchain into the mainstream, the coin’s underlying technology which they say can lift the poor out of poverty and make transactions more secure, inexpensive and efficient.

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But signs of a top have emerged, detractors warn. On May 25, bitcoin surged more than US$300 to a record only to turn tail and close little changed. The US$600 round trip was the biggest daily swing in its history. It then slumped 8% the next day. Bitcoin was at US$2,253 in Asia on Tuesday. For bears, that kind of volatility shows the asset’s unreliability as a store of value.

Here are some other reasons why they warn caution is warranted:

Safety Questions

This month’s ransomware attacks serve as a reminder that bitcoin is still beloved by hackers and criminals because of its anonymity. The cryptocurrency plunged in 2014 after Tokyo-based Mt. Gox — then the largest bitcoin exchange — said it had been breached and then filed for bankruptcy. Its value sank again in August 2016 after hackers stole about US$69 million from Hong Kong-based Bitfinex. The exchange has since repaid its customers.

Scaling Debate

The bitcoin community has been split for more than a year on how to upgrade its blockchain. The time and fees necessary to verify transactions have climbed to record highs, making it more difficult for businesses to use the currency as a means of payment. While bitcoin executives have said that 2017 might be the year the cryptocurrency really starts to scale, others aren’t so sure.

Last week, more than 50 companies signed a pact to speed up transactions, but ideological differences have prevented similar agreements — like the one reached last year in Hong Kong — from actually being implemented. The much-touted SegWit upgrade was also released in October, but only a third of the community has embraced it. If the latest proposal fails to gain traction and the deadlock continues, digital currency users may dump bitcoin in favor of alt-coins that offer better blockchains.

Rival Digital Currencies

As the surge sends the cryptocurrency world into a frenzy, it can be easy to lose sight of the bigger picture. While bitcoin’s value has increased more than 100% since the beginning of the year, its slice of the pie has shrunk as its digital cousins steal some of the spotlight. There are an estimated 700 rivals, according to Ron Quaranta, chairman of the Wall Street Blockchain Alliance.

Bitcoin dominated about half of the overall digital currency market as of Friday, down from around 85% in February, according to data from CoinMarketCap.com. Meanwhile, Ethereum’s share increased to about 20%. Some token fans aren’t sweating it though, as they say bitcoin’s potential demise doesn’t really matter as long as another digital currency takes hold.

Not Recognised By Governments

The general public doesn’t understand bitcoin, and many regulators still don’t either, which makes it tough to regulate. In 2015, New York started issuing controversial licenses to cryptocurrency companies, but only three had been issued as of mid-January, according to Coinbase, as many startups couldn’t afford the costs of applying.

In January, the Financial Industry Regulatory Authority asked the public for help identifying the potential risks of blockchain. Two months later, bitcoin plummeted after the US Securities and Exchange Commission rejected a proposal by the Winklevoss twins for a publicly traded fund based on the digital currency.

In a report last week about blockchain in China, analysts at Sanford C. Bernstein wrote that while the technology could benefit Chinese banks, it’s unlikely to start a financial revolution.

"We believe blockchain application is more likely to be evolutionary rather than revolutionary in developing countries like China," the analysts said. "Aside from the conservative regulatory attitudes toward financial innovations, the constraint of confidentiality and performance of blockchain technology would make it best positioned to be enterprise-oriented rather than consumer-end."

Bubbles Burst

Whether it’s Holland’s tulip-bulb craze in the 17th century or the Internet-stock frenzy of the late 1990s, history shows that markets self correct. Speculative markets usually run out of steam at some point. Determining the trigger is always the hard part. Given the breathtaking run in bitcoin as of late, some say it’s tough to believe the oft-cited mantra that this time is different.
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king on May 30, 2017, 04:09:20 PM



2017-05-30 14:55
比特币过去4天跌19%.市值蒸发146亿
CNBC报道,近期疯狂上涨的比特币过去4日出现回调,价格已从近期高位下跌近19%,市值抹去34亿美元。

(图:法新社)
(美国.纽约30日讯)CNBC报道,近期疯狂上涨的比特币(Bitcoin)过去4日出现回调,价格已从近期高位下跌近19%,市值抹去34亿美元(约145.6亿令吉)。

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上周三(24日),比特币价格一度创2791.69美元的历史高位,但据Coindesk显示,周一的日内高位为2272.65美元,从历史高位下跌约520美元,跌幅18.6%。目前报2236.16美元,升1.29%。

不过,CNBC引述比特币中国(BTCC)首席执行员李启元表示,回调实际上是非常短暂的,周一价格仍比一周前高。

文章来源:
星洲日报‧财经‧2017.05.30
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king on May 30, 2017, 06:27:54 PM



Bitcoin is outperforming major assets but hedge funds are still staying away from the cryptocurrency
Bitcoin's price has rallied as much as 180 percent this year but hedge funds are still nervous about investing.
One hedge fund veteran told CNBC that the industry doesn't "know enough about it".
But there has been rising interest from investors in other bitcoin products on the market.
Gemma Acton   | Arjun Kharpal
3 Hours Ago
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Bitcoin hit an all-time high last week, marking a year-to-date rally of 180 percent and potentially stellar returns for those who bet on the cryptocurrency, but it appears hedge funds are still not ready to touch the asset class.

The lighter supervision and more sophisticated client base enjoyed by hedge funds, as well as their ongoing search for market-beating alternative sources of return, provide just some reasons why such vehicles would be expected to venture more boldly into the booming but narrowly understood market for cryptocurrencies.

Indeed, bitcoin's rally has far outpaced the S&P 500 index, which is up 7.9 percent year-to-date, and the NASDAQ which has seen around a 15 percent rise. In the currency space, the euro has risen nearly 6 percent year-to-date against the dollar, while sterling is up around 4.2 percent. The euro and pound are the best performing major currencies so far this year.

Yet aside from dedicated vehicles set up with a sole or majority focus on trading cryptocurrencies, many hedge funds are still very reluctant to dip a toe into the asset class.

"To be honest, I just don't know enough about it," said a 16-year hedge fund portfolio manager veteran, who preferred to remain anonymous because he didn't want to publicly reveal investment strategy. This reflected the view of several people whom CNBC spoke to via phone and in person. Restrictive investment guidelines set internally was another reason cited by multiple managers.

Hedge funds' reluctance to invest really boils down to concerns over volatility, security and perception, according to Louis Gargour, founder of alternative asset manager LNG Capital.

 People attend a Bitcoin conference in New York. (File photo).   Here are three big risks to the bitcoin rally: Trader 
Thursday, 25 May 2017 | 5:30 PM ET | 04:25
"Bitcoin's extreme volatility doesn't sit well with managers working on a risk-adjusted return basis. Furthermore, there are valid concerns that digital currency assets can be hacked or stolen. Finally, there's a perception that bitcoin remains a niche, retail investment that does not yet demonstrate sufficient quality to be seriously considered for many reputable institutions," says Gargour who has 25 years' of corporate bond experience and had experience at several of the biggest Wall Street names before starting his own fund.

There's also the issue of reassuring investors, added Gargour, who says clients are vastly more comfortable with knowing their money is invested in tangible or institutionalized assets, such as gold or equities.

A catalyst which could change the way cryptocurrencies are perceived and potentially open the floodgates for more hedge fund money is if the largest global banks provide services such as settlement for them.

"Clearing banks need to adopt these crytocurrencies as payment methods to pique widespread institutional interest," suggested Gargour, adding that its ease of transfer could indeed make it a preferable alternative for banks to the cumbersome process of wiring money.

With the firmer reassurance of such institutional backing, cryptocurrencies could then look more interesting to a broader investor base as potentially an alternative source of available credit risk.

Rising investment interest

Despite the current reluctance for hedge funds to get involved with bitcoin, there's a growing move to try to open up the cryptocurrency world to institutional investors. Cameron and Tyler Winklevoss, known for their lawsuit against Facebook founder Mark Zuckerberg, have been trying to get regulatory approval for a bitcoin exchange-traded fund (ETF). The U.S. Securities and Exchange Commission rejected the initial application but is now reviewing the decision after an appeal. If such a product were approved, it could make bitcoin more palatable for hedge funds to invest.

A stack of bitcoins stand on top of U.S. one dollar bills.
Chris Ratcliffe | Bloomberg | Getty Images
For now, there are ways to trade bitcoin through investment products. Companies like Global Advisors have a bitcoin fund that is listed on The International Stock Exchange on the Channel Islands (an archipelago in the English Channel), and Daniel Masters, a director at the company said that there has been rising interest from investors.

Global Advisors also has two exchange-traded notes (ETNs) listed on the NASDAQ OMX in Sweden. These allow people to buy a product that tracks the bitcoin price. Masters said that there has been large interest from major brokers buying the ETN on behalf of clients, showing a rising interest in bitcoin investment products.

"The interest is just going stratospheric," Masters told CNBC in a recent phone interview.

"If you look at the brokers we are now getting to participate, it's coming from over a dozen different sources."
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king on June 01, 2017, 07:04:17 AM



Bitcoin could hit $100,000 in 10 years, says the analyst who correctly called its $2,000 price
Bitcoin could make up 10 percent of the $5 trillion average daily volume in the foreign exchange market in 10 years, according to Saxo Bank analyst Kay Van-Petersen.
Its market capitalization could grow to $1.75 trillion which would make each bitcoin worth $100,000.
Arjun Kharpal   | @ArjunKharpal
17 Hours Ago
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 Bitcoin could hit $100,000 in 10 years, says the analyst who correctly called its $2,000 price   Bitcoin could hit $100,000 in 10 years, says the analyst who correctly called its $2,000 price 
9 Hours Ago | 01:02
Bitcoin's price has the potential to hit over $100,000 in 10 years, which would mark a 3,483 percent rise from its recent record high, an analyst who correctly predicted the cryptocurrency's rally this year told CNBC on Tuesday.

In December, Saxo Bank published its annual report called "Outrageous Predictions" with one of the forecasts calling for bitcoin to hit $2,000 in 2017. At the time the note was published, bitcoin was trading at around $754, so the target price represented a 165 percent rise. Bitcoin hit $2,000 on May 20.

But now, Kay Van-Petersen, the analyst behind the call, is looking long term and sees a big rise ahead for bitcoin.

How will bitcoin hit $100,000

Here's how he came up with his price target in 10 years.

Van-Petersen is assuming cryptocurrencies in general – not just bitcoin – will account for 10 percent of the average daily volumes (ADV) of fiat currency trade in 10 years. Foreign exchange ADV currently stands at just over $5 trillion, according to the Bank for International Settlements.

Ten percent of $5 trillion is $500 billion. This is the ADV that cryptocurrencies could have. Bitcoin will account for 35 percent of that market share, which would that $175 billion of the $500 billion figure, he said. This would mean that $175 billion worth of bitcoin would be traded every day

Bitcoin
Getty Images
Also, Van-Petersen then implies that bitcoin's market capitalization would be ten times the average daily volume, giving a figure of $1.75 trillion for the market cap. The current figure is around $37.8 billion, according to data from industry website CoinDesk.

Bitcoin has a limited supply of 21 million which is expected to be reached by the year 2140. In 10 years, the analyst thinks that there will be 17 million bitcoin in circulation, up from the current 16.3 million figure.

If the potential 17 million of bitcoins in supply is divided by the $1.75 trillion market cap estimate, then each bitcoin would be worth just over $100,000.

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Bitcoin 'not a fad'

Van-Petersen – who owns bitcoin – emphasizes that this is a rough calculation but that his growth predictions could be "conservative" given that in the year 2013 alone, bitcoin's price grew over 5,000 percent. The analyst said that cryptocurrencies will survive in the long run.

"This is not a fad, cryptocurrencies are here to stay," Van-Petersen told CNBC in a phone interview.

"There will emerge two to three main ones. Bitcoin will be one of those. And the reason is the first-mover advantage, the scale and the pioneering."

 Bitcoin surges 11% to all-time high above $2,700; Has now doubled in May   Bitcoin surges 11% to all-time high above $2,700; Has now doubled in May 
Thursday, 25 May 2017 | 11:20 AM ET | 00:35
Van-Petersen's views are not the official view of Saxo Bank, the analyst said.

Bitcoin's bad reputation

The bitcoin industry has had its fair share of problems and reputational damage. The digital currency has often had an image of being used for illegal means such as buying drugs online. The collapse of Mt.Gox in 2014, once the world's largest bitcoin exchange, is still fresh in the minds of users. Some members of the exchange are still waiting for compensation.

More recent issues include some exchanges not allowing people to withdraw their money in fiat currency. On top of this, the view of bitcoin as a currency for criminals is still prevalent after the major WannaCry ransomware cyberattack saw hackers lock peoples' files and ask for bitcoin in exchange to unlock them.

Still, Van-Petersen says that the industry is still extremely young and big improvements will come. A few factors will boost bitcoin adoption including better wallets, easier methods to buy the digital currency, use of it for money transfers in areas like remittances, as well as citizens of countries with volatile economies and currencies buying it.

"Volumes are going up, volatility is going down. A lot of people talk about the volatility, but if you are in Zimbabwe or Venezuela, this volatility is nothing. This is the interesting thing to me. I think in the West, a lot of people view it is as speculative, but emerging markets will get it, their needs will be different," Van-Petersen added.

While Van-Petersen is offering one way to value bitcoin in the future, others say that there are other factors to take into consideration.

"It's one way of slicing the pie to try and predict future prices which always relies on a lot of assumptions," Charlie Hayter, CEO of industry website CryptoCompare, told CNBC by email.

"Equating volumes to price value is one method of attempting a valuation, but it doesn't take into account the fundamentals of the ecosystem."

The fundamentals of what bitcoin is capable of from a technical point of view and how regulation is molded around its use will determine its value too, Hayter added.
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king on June 02, 2017, 03:50:46 PM



Business NewsHome > Business > Business News
Friday, 2 June 2017 | MYT 3:12 PM
Fretting over savings, Mrs Watanabe turns to bitcoin
image: http://www.thestar.com.my/~/media/online/2017/05/31/02/18/bitcoin-business.ashx/?w=620&h=413&crop=1&hash=FD801A46CE3A054E02A9C0D95A0EE62469A38242

 
TOKYO: Long the preserve of geeky enthusiasts, bitcoin is going mainstream in Asia, attracting Mrs Watanabe - the metaphorical Japanese housewife investor - South Korean retirees and thousands of others trying to escape rock-bottom savings rates by investing in the cryptocurrency.

Asia's moms and pops, already regular investors in stock and futures markets, have been dazzled by bitcoin's 100% surge so far this year. In comparison, the broader Asian stocks benchmark has gained 17% over the same period.

Even after a tumble from last week's record US$2,779.08 high, bitcoin rose more than 60% in May alone - driven higher in part by investors in Japan and South Korea stepping in as China cooled after a central bank crackdown earlier this year.

Over the last two weeks, and encouraged by Japan's recognition of bitcoin as legal tender in April, exchanges say interest has jumped from the two countries. Bitcoin trades at a premium in both, due to tough money-laundering rules that make it hard for people to move bitcoin in and out.

"After I first heard about the bitcoin scheme, I was so excited I couldn't sleep. It's like buying a dream," said Mutsuko Higo, a 55-year-old Japanese social insurance and labour consultant who bought around 200,000 yen (US$1,800) worth of bitcoin in March to supplement her retirement savings.

"Everyone says we can't rely on Japanese pensions anymore," she said. "This worries me, so I started bitcoins."

Asia has proved fertile ground for bitcoin due to the region's thriving retail investment culture, where swapping investment tips is already common. China, Japan and South Korea are home to several of the world's busiest cryptocurrency exchanges, according to a ranking by CoinMarketCap.

"Right now, it's a form of speculation, like stocks," said Park Hyo-jin, a 27-year-old South Korean who owns around 3 million won (US$2,700) of bitcoin. "I don't think anybody in South Korea buys bitcoin to use it."

The risks, though, are rising too. Bitcoin is largely unregulated across Asia, while rules governing bitcoin exchanges can be patchy.

In Hong Kong, bitcoin exchanges operate under money service operator licences - like money changers - while in South Korea they are regulated similar to online shopping malls, trading physical goods. Often there are no rules on investor protection.
 
BITCOIN WHEN YOU DIE

Park and Higo were drawn into bitcoin by friends. Others are attracted through seminars, social media groups and blogs penned by amateur investors.

Noboru Hanaki, a 27-year-old Japanese web marketer and bitcoin investor, said his personal finance blog gets around 30,000 page views each month. The most popular post is an explanation of bitcoin, he said, noting that when the bitcoin price surged last month, readership of the article doubled.

Rachel Poole, a Hong Kong-based kindergarten teacher, said she read about bitcoin in the press, and bought five bitcoins in March for around HK$40,000 (US$5,100) after studying blogs on the topic. She kept four as an investment and has made HK$12,000 tax-free trading the fifth after classes.

"I wish I'd done it earlier," she said.

Not everyone's making money.

The bitcoin frenzy has spawned scams, with police in South Korea last month uncovering a US$55 million cryptocurrency pyramid scheme that sucked in thousands of homemakers, workers and self-employed businessmen seduced by slick marketing and promises of wealth.

Seminars in Tokyo, Seoul and Hong Kong promote similar multi-level marketing schemes that require investors to pay an upfront membership fee of as much as US$9,000. Members are encouraged to promote the cryptocurrency and bring in new members in return for some bitcoins and other benefits.

One such Tokyo scheme offered members-only shopping websites that accept bitcoin, 24-hour assistance for car and computer problems, and bitcoin-based gifts when a member gets married, has a baby - or even dies, according to marketing materials seen by Reuters.

Leonhard Weese, president of the Bitcoin Association of Hong Kong and a bitcoin investor, warned amateur investors against speculating in the digital currency.

"Trading carries huge risk: there is no investor protection and plenty of market manipulation and insider trading. Some of the exchanges cannot be trusted in my opinion."

Some larger exchanges have voluntarily adopted security measures and compensation guarantees, according to their websites, although there are dozens of smaller platforms operating more or less unchecked.

In South Korea, the Financial Services Commission (FSC) has set up a task force to explore regulating cryptocurrencies, but it has not set a timeline for publishing its conclusions, an official there said.

In Japan - where memories are still fresh of the spectacular 2014 collapse of Mt. Gox, the world's biggest bitcoin exchange at the time - the Financial Services Agency (FSA) said it supervises bitcoin exchanges, but not traders or investors.

"The government is not guaranteeing the value of cryptocurrencies. We are asking for bitcoin exchanges to fully explain the risk of sharp price moves," an FSA official said.

Some professional investors say bitcoin can be a useful hedge to help diversify a portfolio, but investors should be cautious.

"This is an extremely volatile and innovative asset class," said Pietro Ventani, managing director of APP Advisers, an asset allocation strategy firm. - Reuters
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Read more at http://www.thestar.com.my/business/business-news/2017/06/02/fretting-over-savings-mrs-watanabe-turns-to-bitcoin/#IsxwtCthcQxrQhIT.99
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king on June 03, 2017, 09:20:44 PM



What is blockchain? CNBC explains
CNBC.com staff   | @CNBC
18 Hours Ago
CNBC.com
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    What is Blockchain? 
Thursday, 30 Mar 2017 | 2:13 PM ET | 04:44
If you've heard of bitcoin, you've probably also heard of the technology underlying it: The blockchain.

A blockchain is a global online database that anyone with an internet connection can use. Unlike traditional databases — which are typically owned by big institutions — a blockchain doesn't belong to anyone; and with an entire network of people monitoring it, cheating the system by faking documents, transactions and other information is nearly impossible.

Curious to know how it works? Watch CNBC's Tom Chitty explain it.
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king on June 08, 2017, 06:52:08 AM



年涨两倍 再触新高
比特币将暴跌?
472点看 2017年6月7日
 
比特币日前触及历史新高2938.50美元。

(纽约7日讯)继今年上涨两倍后,虚拟货币比特币(Bitcoin)昨日触及历史新高2938.50美元(约1万2547令吉)。截至今晚8时,比特币报2843.68美元。考虑到比特币的历史及其缺乏监管的本质,它似乎不可避免地会在某一时刻迎来暴跌。


惟比特币的支持者未必会否认这一点,他们只是不在乎。

根据《华尔街日报》,比特币服务公司Coinbase的创始人兼总执行长布莱恩阿姆斯特朗说,这可能是数字货币有史以来第三或第四次出现“泡沫”了。

比特币价值的波动通常会引来关注和震动,但同时也会吸引新的资金、新的参与者和新的衍生物,最终使加密货币的市场比过去更加庞大。

布莱尔阿姆斯特朗认为,很多从未听说过比特币的人将开始了解它。

投资代币助长需求

总部设在肯尼亚内罗毕的BitPesa指出,他们已经帮助85个国家的6000个使用者以比特币发送和接收支付。

全球企业家进行了数百宗类似比特币的代币发行交易,即首次代币发售(ICO)交易,此类交易是风险资本融资的替代品。

许多投资者以比特币或以太币(Ethereum)购买这些代币。这一趋势也提振了对这两种虚拟货币的需求。

市值1964亿

据CoinMarketCap的数据,比特币目前市值达到460亿美元(约1964亿令吉),2016年12月31日为153亿美元(约653亿令吉)。

惟这一数字依然远小于1.5兆美元的美元货币流通量。

全世界所有比特币加起来的市值,也仍小于电子支付公司PayPal的650亿美元(约2776亿令吉),更别提大多数大银行和科技企业了。

比特币的支持者之所以一直愿意投资,就在于他们相信比特币是一种方兴未艾的货币,一旦发掘出可用之处,就会普及,推动价值飙升。

不过在这之前,尽管如Coinbase的布莱恩阿姆斯特朗所说,比特币受到的关注提升了它的吸引力,使其价格上了一个台阶,但比特币价格的大起大落还会继续让投资者时赚时亏。

日均交易30万次

另一家比特币服务公司BitPesa的联合创始人兼总执行长伊丽莎白罗斯咯称,包括英国、卢森堡在内的一些国家的监管机构正越来越多的认识到比特币的正当用途。

根据一项最新的法律,日本金融厅已承认比特币作为一种支付手段的地位。

作为回应,投资者开始增持比特币,包括廉价航空Peach、能源公司Nippon Gas Co.在内的多家日本企业,也开始接受比特币支付。

据Coindesk的数据,主要发生在4月1日后,比特币兑美元今年的上涨约1800美元。比特币网络的日均交易次数从两年前的约10万次增加约两倍,至大约30万次。

Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king on June 11, 2017, 06:37:43 AM



NationHome > News > Nation
Saturday, 10 June 2017 | MYT 5:25 PM
Bitcoin users told to be vigilant of cyber attacks

image: http://www.thestar.com.my/~/media/online/2017/05/31/02/18/bitcoin-business.ashx/?w=620&h=413&crop=1&hash=FD801A46CE3A054E02A9C0D95A0EE62469A38242


 
SERDANG: Following the recent ''WannaCry'' ransomware cyber attack, which blackmailed computer users worldwide, those dealing in digital currencies such as Bitcoin need to be more vigilant and keep their accounts secure.

Network security expert Assoc Prof Dr Zuriati Ahmad Zukarnain said although Bitcoin operates using two key types - public and private - to make transactions, the private key could be hacked by third parties using highly capable quantum computers.

"Quantum computers are able to create a 'large factorisation' and can detect the public and private keys used in Bitcoin transactions.

"The threat is when the 'private key' is sniffed by third parties, they are free to make transactions using a hacked account as the 'private key' proves the ownership of a Bitcoin address (used to send and receive the currency)," she told Bernama.

Last month, the "WannaCry" ransomware affected hundreds of thousands of users worldwide, locking access to the files on their computer, and then requesting Bitcoin payments to unlock them.

Zuriati said the Bitcoin's private key was used to keep safe the Blockchain, a public digital database which keeps records on all bitcoin transactions.

Zuriati, a lecturer at Universiti Putra Malaysia's Communication Technology and Networking department, said if the third party managed to hack the private key, they could have access to the value of Bitcoin in a hacked account.

She said studies showed that the use of digital currency had become popular in Malaysia as payment transactions were more convenient than using credit cards, besides being secure, fast and cheap.

In an effort to enhance the safety of Bitcoin, Zuriati said the Russian Quantum Centre had suggested that each account's blockchain is coupled with Quantum Key Distribution (QKD) and ''post-quantum cryptography''.

In this way, she said the ''peer-network'' architecture used in Bitcoin system would be more secure, thus preventing the private key from being stolen by third parties.

The Bitcoin currency was created by a computer expert using the pseudonym Satoshi Nakamoto, and it operates independently of any central bank, allowing transfers by electronic means without middlemen for free.

While the value of currency is typically backed with gold or silver, Bitcoin is backed with mathematical calculations.

The currency has become popular because central banks of countries cannot control a person's financial affairs, and it has become one of the preferred mode of transactions for small businesses


Read more at http://www.thestar.com.my/news/nation/2017/06/10/bitcoin-users-told-to-be-vigilant-of-cyber-attacks/#oWX5Qm4OyZUOYbkH.99
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king on June 12, 2017, 02:48:33 PM



BITCOIN

ABOVE 3000 USD
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king on June 12, 2017, 02:59:25 PM



 IN 2008, 1 USD=1300 BITCOIN

TODAY, 1 BITCOIN > 3000 USD
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king on June 12, 2017, 06:07:42 PM


 IN 2008, 1 USD=1300 BITCOIN

TODAY, 1 BITCOIN > 3000 USD


In 9 yrs,

1US$ investment in bitcoin is

3.9 mil US$ now.

Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king on June 12, 2017, 06:37:55 PM



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Bitcoin bulls runs wild as cryptocurrency surges above $3,000
Bitcoin traded above $3,000 for the first time, helped by increased demand from Asia-based investors.
The cryptocurrency climbed to an all-time high Sunday of $3,012.05, according to CoinDesk.
Bitcoin has now more than tripled in value since trading at $968 on Dec. 31, and has gained nearly 30 percent in June alone.
Evelyn Cheng   | @chengevelyn
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 These are the unexpected winners of the cryptocurrency craze   These are the unexpected winners of the cryptocurrency craze 
Friday, 9 Jun 2017 | 5:55 PM ET | 01:40
Bitcoin traded above $3,000 for the first time on Sunday, continuing this year's massive surge and helped by increased demand from Asia-based investors.

After trading in a range for the last week, bitcoin climbed to an all-time high Sunday of $3,012.05, according to CoinDesk.

On Chinese exchanges such as BTCC, the currency traded about $40 to $60 above that price. Last week, several major Chinese bitcoin exchanges allowed customers to resume withdrawals of the cryptocurrency, after halting withdrawals in early February amid scrutiny from the People's Bank of China.


Source: CoinDesk

The digital currency has had a stellar year, rising by more than 200 percent and easily outperforming stock market benchmarks like the S&P 500 index and the Nasdaq composite in 2017. The cryptocurrency has now more than tripled in value since trading at $968 on Dec. 31, and has gained nearly 30 percent in June alone.

Bitcoin in 2017



Source: CoinDesk

Brian Kelly, CEO and founder of BKCM and a CNBC contributor, told CNBC this week that the cryptocurrency was "in the first years of what is likely to be a multi-year bull market. Of course there will be corrections and even crashes along the way, but bitcoin is here to stay."

A contributing factor to bitcoin's recent surge is growing demand from Asia. In addition to the China factor, Japanese interest has risen ever since the government approved bitcoin as a legal payment method in April.

Investors also plowed more money into the currency after Minneapolis Federal Reserve President Neel Kashkari commented on the blockchain technology behind bitcoin, saying it "has more potential than bitcoin itself."

—CNBC's Fred Imbert contributed to this report.
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king on June 12, 2017, 06:39:46 PM



BUSINESS
Bitcoin hits $1,000 for the first time
171
by Adrianne Jeffries  Nov 27, 2013, 10:49am EST
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bitcoin 1020 (casascius)
The virtual currency Bitcoin, a decentralized form of money that approximates cash on the internet, has never been worth more. The price of a single bitcoin has soared above $1,000 on Mt. Gox, one of the main exchanges where the currency is bought and sold. As of this writing, the price is $1,020 on Mt. Gox but is averaging closer to $945 on other exchanges. This means the total market is worth around $11.4 billion.

Bitcoin has seen several massive price hikes before which were all followed by crashes to varying degrees, but this is the most extreme yet. The valuation comes as several major events have boosted confidence in Bitcoin's viability as a universal currency. Those include the closure of Silk Road, the illegal drug bazaar that initially gave the currency a bad name; the currency's first Congressional hearing; and its rising popularity in China.

Bitcoin_market_price_nov_2013_560

The market price of Bitcoin over the last 60 days. (Blockchain.info)

The currency has also attracted investors from Silicon Valley and elsewhere, who are putting real-world money into Bitcoin-related startups in addition to buying it up themselves.

SEVERAL MAJOR EVENTS HAVE BOOSTED CONFIDENCE IN BITCOIN

The price was around $200 on October 27th, meaning the currency has increased almost five times in value in just one month. Sound like a bubble inflated by greedy speculators? It probably is. But that doesn't mean the four-year-old experimental currency won't be around for a long time.
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king on June 12, 2017, 06:42:53 PM



Bitcoin
Business in the age of Ethereum
Business in the age of Ethereum
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 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)
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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.
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king 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
 
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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
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king 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
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king 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
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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.
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king 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

Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king on June 19, 2017, 06:42:36 AM




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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.
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Bitcoin quickly bounced back from the lows of June, amid improved sentiment about the future of the digital currency.

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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
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Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king 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?

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by Tyler Durden
Jun 23, 2017 5:00 AM
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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.
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king 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

Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king on July 01, 2017, 02:56:04 PM




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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

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bitcoin , bubble , tulip

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Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king on July 01, 2017, 03:09:09 PM




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Saturday, 1 July 2017
The dawn of cryptocurrency

BY RISEN JAYASEELANandINTAN FARHANA ZAINUL

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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.

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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.

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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.

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“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

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Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king on July 01, 2017, 03:13:32 PM




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

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“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

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Title: Re: Bitcoin Investment Trust Could IPO by October
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Wednesday, 14 June 2017 | MYT 12:23 PM
Morgan Stanley says Bitcoin needs regulation to keep rising

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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
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Title: Re: Bitcoin Investment Trust Could IPO by October
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Friday, 7 July 2017 | MYT 7:09 PM
Bitcoin can be an asset but not currency: China central bank adviser

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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


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Title: Re: Bitcoin Investment Trust Could IPO by October
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Will Bitcoin tear itself apart?
Bloomberg
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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.
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king 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。
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king on August 06, 2017, 07:31:03 AM





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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。

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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
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king 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.
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king on August 08, 2017, 06:46:07 AM




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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」

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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。」
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king on August 14, 2017, 02:40:55 PM





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Monday, 14 August 2017 | MYT 1:20 PM
Bitcoin rises to new heights
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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
 
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Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king 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.
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king on August 18, 2017, 11:46:17 AM





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

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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


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Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king on September 02, 2017, 12:07:12 PM




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

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by Tyler Durden
Sep 1, 2017 2:24 PM
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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...





 

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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."
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king on September 04, 2017, 01:19:50 PM





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

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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
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king 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.
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king 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
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king on September 11, 2017, 09:06:00 PM




HOWARD MARKS ADMITS ‘MISTAKE’, CHANGES STANCE ON BITCOIN

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KARAN KAPOOR · SEPTEMBER 10, 2017 · 8:45 PM
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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
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king 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
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king on September 13, 2017, 02:33:29 PM





   
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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
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king on September 16, 2017, 09:29:42 AM




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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%

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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。

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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。
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king 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
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king on October 13, 2017, 06:40:36 AM




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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.
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king on October 22, 2017, 07:37:00 AM




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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

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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。
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king 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
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: ahbah 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.
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: king 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
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: jjwong 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.
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: ahbah on January 10, 2018, 10:33:15 PM
Billionaire investor Warren Buffett is confident the cryptocurrency story will end in tears, but he isn't putting any money on it. "In

terms of cryptocurrencies generally, I can say with almost certainty that it will come to a bad ending," the Berkshire 

Hathaway BRK.A, +0.11% BRK.B, +0.14% chairman and chief executive told CNBC  in an interview. Buffett said that if it were

possible to buy a five-year put option "on every one of the cryptocurrencies" he would do so,
but that he would never "short a

dime's worth" of any of them outright. Buffett also said he had no interest in trading bitcoin futures XBTF8, -5.95% BTCF8, -6.64%

The bitcoin spot price BTCUSD, -5.11% was off 4% at $13,982.65, far off the all-time high above $19,000 it hit in mid-December.
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: ahbah on January 14, 2018, 12:01:48 PM
SUBANG Jaya Municipal Council (MPSJ) has finally put an end to the bitcoin mining activity conducted illegally in two residential properties in Puchong.  :phew: :phew: :phew:
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: ahbah on January 14, 2018, 12:03:52 PM
KUALA LUMPUR: Luno, a globally-recognised cryptocurrency exchanger based in London, said today that its bank account in Malaysia has been frozen by the Inland Revenue Board, pending an investigaton relating to tax matters.

As such, it has not been able to process deposits or withdrawals in the country over the past few weeks. The account is held under the name of its local entity, BitX Malaysia.

 :sweat: :sweat: :sweat:
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: ahbah on January 14, 2018, 09:25:47 PM
Bank Indonesia (BI) has previously said that cryptocurrencies were not recognized as a legal medium of exchange, so that they could not be used as a means of payment in Indonesia.  :( :( :( :(
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: ahbah on January 15, 2018, 08:25:20 PM
WASHINGTON: Dominant digital currency bitcoin should not be allowed to become the Swiss bank account of the modern era used to hide illicit activity, Treasury Secretary Steven Mnuchin said Friday.

Mnuchin pledged to work with other governments, including within the Group of 20, which includes the world's major economies, to monitor the activity of those who invest heavily in the cryptocurrency.

"One of the things we will be working with the G20 on is making sure that this doesn't become the Swiss numbered bank account," he said at a conference, referring to the famously secretive accounts used by some to hide ill-gotten gains.

"We want make sure that bad people can't use this currency to do bad things."
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: ahbah on January 16, 2018, 08:28:57 PM
LONDON: Bitcoin slid as much as 14 percent on Tuesday to hit a four-week low below $12,000, as fears grew of a regulatory crackdown after reports that South Korea's finance minister had said banning trading in cryptocurrencies was still an option.


 
 

 
 
 
 

   
 South Korean news website Yonhap reported that Finance Minister Kim Dong-yeon had told a local radio station that the government would be coming up with a set of measures to clamp down on the "irrational" cryptocurrency investment craze.

 Bitcoin slid on the news, trading as low as $11,730 on the Luxembourg-based Bitstamp exchange, down 13.6 percent on the day.

 The latest tumble leaves bitcoin more than 40 percent down from the record highs of around $20,000 reached in mid-December, wiping about $125 billion from its "market cap" - the price of bitcoin multiplied by the total number of bitcoins that have been "mined", or released into the market. - Reuters

 :'( :'( :'(
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: ahbah on January 17, 2018, 08:23:57 AM
SYDNEY: Bitcoin had lost a quarter of its value in early Asian trading on Wednesday as fears grew of a regulatory crackdown after reports that South Korea's finance minister said banning trading in cryptocurrencies was still an option.
 
Bitcoin was last down 25 percent at $10,182.00 on the Luxembourg-based Bitstamp exchange. - Reuters
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: ahbah on January 19, 2018, 07:16:03 PM
KUALA LUMPUR: The Securities Commission (SC) and Bank Negara Malaysia have warned the public against initial coin offering (ICO) schemes which may involve activities that are subject to laws administered by both agencies.

“Carrying on such activities without proper authorisation is an offense.
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: ahbah on January 19, 2018, 07:18:15 PM
Bitcoin falls below $10,000 as virtual currency bubble deflates.

The bitcoin balloon oredi got punctured ?  :'( :'( :'(
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: ahbah on January 19, 2018, 07:20:01 PM
Regulators in the United States have continued to crack down on smaller virtual currencies like Bitconnect, which has been described as a Ponzi scheme by many in the industry.  8) :( :S
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: DR KIM on January 19, 2018, 08:54:30 PM
Bitcoin falls below $10,000 as virtual currency bubble deflates.

The bitcoin balloon oredi got punctured ?  :'( :'( :'(

ARgghhhhhhhhhhhhhhh   :sweat: :'( :headbang:
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: ahbah on February 02, 2018, 06:02:48 PM
Kicking off a fresh wave of selling, India’s finance minister Arun Jaitley came down hard on cryptocurrencies Thursday, as he said the government does not see them as a form of legal tender, according to media reports.

Addressing Parliament during an annual budget announcement, he said Indian officials would “take all measures to eliminate use of these crypto-assets in financing illegitimate activities or as part of the payment system.”
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: ahbah on February 06, 2018, 11:53:15 PM
Noted economist Nouriel Roubini thinks the price of bitcoin is going to zero.   :'( :'( :'(
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: ahbah on February 07, 2018, 06:00:05 PM
Get Ready for Most Cryptocurrencies to Hit Zero, Goldman Says   :'( :'( :'(
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: DR KIM on February 07, 2018, 06:14:26 PM
Get Ready for Most Cryptocurrencies to Hit Zero, Goldman Says   :'( :'( :'(

ARGGH)HHHHHHHHHHHHHHH......
OLY BEWARE.....roasted to dead rat :phew:
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: Teosh on February 10, 2018, 11:10:09 PM
Bitcoin price LIVE: BTC rises as optimists return to predict $50,000 coin at 2018 end

Bitcoin has risen $2,000 in just over a day
BITCOIN is now back above the $8,000 mark and predictably the optimists have returned with some BTC believers predicting that the market cap will hit $1 trillion with BTC itself hitting $50,000 by the end of this year.
By DAVID DAWKINS
PUBLISHED: 09:56, Thu, Feb 8, 2018
UPDATED: 12:53, Fri, Feb 9, 2018
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: Teosh on February 10, 2018, 11:11:23 PM
Bitcoin price LIVE: BTC rises as optimists return to predict $50,000 coin at 2018 end

Bitcoin has risen $2,000 in just over a day
BITCOIN is now back above the $8,000 mark and predictably the optimists have returned with some BTC believers predicting that the market cap will hit $1 trillion with BTC itself hitting $50,000 by the end of this year.
By DAVID DAWKINS
PUBLISHED: 09:56, Thu, Feb 8, 2018
UPDATED: 12:53, Fri, Feb 9, 2018
too optimists .... Sudah rugi teruk till brain cannot function well izzit :sweat:
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: Teosh on February 10, 2018, 11:13:03 PM

国行翻底 大马不禁虚擬幣

(吉隆坡10日讯) 国家银行总裁丹斯里莫哈末依布拉欣宣佈,政府將在本月公佈虚擬货幣的概念文件,將这类货幣的运作模式曝光。

他说,到时,包括比特幣(bitcoin)、以太幣( ethereum)、瑞波幣(ripple)在內的虚擬货幣,无论是幕后推广者、流通及营运手法,都会摊在阳光下。

他表示,大马政府不准备禁止虚擬货幣的交易,但会设法让它更透明。

他希望,通过这样的做法,民眾可自行决定,是否还要投资虚擬货幣。
 
莫哈末依布拉欣出席马来西亚哈佛商学院校友会40週年宴会时,在问答环节上,如是表示。这场宴会也吸引了约250名哈佛商学院的校友出席。
 
他透露,马来西亚对虚擬货幣的管制,採取不同的做法,並不像一些国家,禁止虚擬货幣的交易。
 
「我们现在不会禁止它,但是我们会让市场来决定虚擬货幣的未来,关键是公眾必须知道他们自己在做什么。」
 
无论如何,他强调,国行不承认虚擬货幣为法定货幣。
 
早前,第二財长拿督斯里佐哈里指出,大马不会实行全面禁止虚擬货幣的交易,因为有很多本地投资者开始將此货幣当成投资项目,同时对这个货幣的兴趣日益攀升。
 
他表示,禁止包括比特幣在內的虚擬货幣,只会打压了金融领域的创新与创造力,特別是金融技术。
 
截至2017年9月,已经有超过1100种虚擬货幣。虚擬货幣通常適用於现有银行和政府机构之外,如通过互联网进行交换。

高档公寓供过于求

此外,莫哈末依布拉欣指出,根据政府早前公佈的数据显示,许多年龄介於35至45岁的人士由於欠卡债而宣告破產。
 
他认为,生活成本虽然高,可是人民本身的生活方式和其生活成本也必须受到关注。
 
他担心,那些低收入群体,负担不起那些经济適用的房屋。
 
「如果你的工资是3000令吉,你只能买房子,可是需要花费1万8000令吉左右,你要怎样找到这笔钱?」
 
他直言,高档公寓楼市已经出现供过於求的情况,而且价钱不菲,因此他认为需要通过市场机制来纠正这些问题。



Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: DR KIM on February 11, 2018, 09:43:27 AM
.... Sudah rugi :headbang: teruk till brain cannot function well izzit :sweat:

OLY  here  ?....OLY....OLYYYYYYYYYYYYYYYYYYYYYYYYYY YY .....
arghhhhh  MISSING

OLY   - take note  :devil: >:D

 :giggle: :D.....ON   BITTER  COIN

(https://i.giphy.com/OXTGVFdXLbsvm.webp)

BITTER COIN  :sweat: :phew:  :D
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: jjwong on February 11, 2018, 11:11:49 AM
Bitcoin price LIVE: BTC rises as optimists return to predict $50,000 coin at 2018 end

Bitcoin has risen $2,000 in just over a day
BITCOIN is now back above the $8,000 mark and predictably the optimists have returned with some BTC believers predicting that the market cap will hit $1 trillion with BTC itself hitting $50,000 by the end of this year.
By DAVID DAWKINS
PUBLISHED: 09:56, Thu, Feb 8, 2018
UPDATED: 12:53, Fri, Feb 9, 2018
1 TRILLION?  That will make bitcoin many times bigger than GDP of moany countries.
what is in bitcoin? just a number. Is it worth 1 trillion?
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: Teosh on February 11, 2018, 10:53:37 PM
Bitcoin: Utter pipedream
CRYPTOCURRENCY
Saturday, 10 Feb 2018

by lin see-yan - what are we to do?


I JUST returned from a meeting of the Asian Shadow Financial Regulatory Committee in Bangkok.

The group comprises Asian academic experts on economics and finance. Their role is to monitor the state of the world economy and the workings of its financial markets in the light of existing and prospective policies; and draw lessons and give advice on vital public policy issues of current interest to regulators and market practitioners to make the world a better place.

The group comprises 23 professors from 14 countries, coming from a diverse group of universities and think-tanks, including the universities of Sydney and Monash, and of Fudan, Hong Kong and Sun-Yat-Sen in China, Universitas Indonesia, universities of Tokyo and Hitotsubashi, Yonsei and Korea universities, Sunway University, Massey University in New Zealand, University of the Philippines, Singapore Management University, National Taiwan University, Chulalongkorn University and NIDA Business School, University of Hawaii and University of California at Davis, University of Vietnam, and Tilburg University in the Netherlands.

They examined key issues surrounding the theme: “Cryptocurrencies: Quo Vadis?” focusing on the role and activities of the flavour of the month, bitcoin. At the end of it all, they issued the following statement:

“Cryptocurrencies in general, and bitcoin, in particular, have been receiving considerable press of late, driven mainly by wide swings in value in the cryptocurrency exchanges. There are now in excess of 2,500 products considered to be cryptocurrencies and in the last three weeks alone their combined market value has plummeted from US$830bil to US$545bil as of today, of which US$215bil is attributed to bitcoin and bitcoin cash.

To keep this in perspective, however, Apple Inc has a market value of US$880bil as of today. Market value measures the equity value of a business – or what investors are willing to pay for its future profits.Unlike enterprises, however, bitcoin has no business, no intrinsic value, no cash flows, no profit and loss statement, and no balance sheet. It is a speculative instrument.

Cryptocurrencies, including bitcoin, are not considered currency today because they are not a universal means of payment, nor a stable store of value, nor a reliable unit of account. Buyers purchase on the basis that these cryptocurrencies would rise in value. While market value has been the main focus of the current interest, the more important issues are around the role of cryptocurrencies both as financial assets, and the role they can play in transaction settlements, and their implications, if any, on financial stability.

While there is much interest in cryptocurrencies, especially bitcoin, the volume of transactions remains very small currently. For example, total US dollars (cash) in circulation amount to US$1.6 trillion as of today. M3 (broad money) is valued by the Federal Reserve at US$14 trillion. Total US economy assets in 2016 were valued at US$220 trillion. So why the fascination with cryptocurrencies? Supporters of Bitcoin claim it to be a superior store of value to fiat money issued by central banks because its supply is limited by design and therefore cannot be debased. In addition, the technology behind bitcoin, called the Blockchain, provides anonymity to its players. That is why it is a favourite with money launderers, tax evaders, terrorists, drug smuggler, hackers, and anyone who wants to evade the rule of law. Many people who use cryptocurrencies assert that they pay minimal transaction costs mainly because it avoids the cost of financial intermediation.

Still, there is large potential for capital gains because of the wide volatility of its price movement. This is the main driving force behind the popularity of cryptocurrencies like bitcoin. However, there are high risks involved including extreme volatility and opaque, unregulated exchanges that are prone to cyberattacks.

Authorities and regulators worry about bitcoin because they fear it is a bubble. In the event of a bust, investors in bitcoin – they are many, spread over various continents and countries – will be hurt; and they exert pressure on governments to regulate this business in order to protect investors.

In addition, they worry about the impact – in the event that cryptocurrency trading becomes a significant element in maintaining financial stability – in terms of the impact on the transmission of monetary policy and on its effects on the banking system, and most of all, on systemic risk, if any.

Authorities have responded in different way. In South Korea, new regulations today require banks and exchanges to identify who their customers are, imposing greater transparency in the conduct of the cryptocurrency business. On the other hand, Japanese authorities are more liberal. They only require the registration of companies engaged in this business at this time.

Many other authorities, including those in the US, are adopting a wait-and-see attitude while studying the issues, recognising that there may be a role for them to introduce some regulatory measures in the event that the volume and price volatility of cryptocurrency transactions become more and more significant.

In the meantime, government and tax authorities feel uneasy about the impact on revenue collection. Other regulators are worried about crowdfunding through ICOs (initial coin offers). Authorities in a number of countries, including the US, have introduced measures to regulate the issue of new ICOs to ensure that investors are provided with the necessary information before making such investments.

At the same time, central banks in many countries are looking into the desirability and possibility of issuing their own digital currencies, including to counter privately-issued cryptocurrencies.

Recommendations:

1. Bitcoin came into prominence because of an apparent lack of confidence in fiat currency. It is imperative that governments and central banks continue to give priority to (i) protecting the integrity of their currencies; (ii) designing policies to contain inflation to prevent it from debasing the currency; and (iii) strengthening their mandate to promote financial stability over financial development, if needed (including ensure fintech development does not undermine confidence). Also, in cases where authorities do not have the power to regulate the cryptocurrency business, they should actively seek such authority where appropriate.

2. Monetary authorities should be open to creating digital currencies rather than confining their money supply to notes, coins and deposits. But they should do so in a transparent manner and only after careful consultation and study.

3. It is the role of government to warn their citizens and investors about the high risk involved, and ensure transparency in bitcoin activity, and not to unduly introduce more and more regulations that will stifle innovative initiatives. Blockchain technology, for example, does have other useful applications apart from the issue of its use in the creation of digital currency.

Investor protection

As we see today, bitcoin and the other cryptocurrencies are not currencies. Mostly, they reflect speculative activity. Hence, investing and transacting in them involve high risks. It is imperative that investors realise this and approach investing in cryptocurrencies with great caution and with as much information as is available to help them manage these risks.

Investors must fully understand that cryptocurrency prices need not necessarily always rise, particularly because they have no intrinsic value, they could just as easily fall. So investors beware: Caveat emptor.”

Update

The following developments are noteworthy:

> Columbia’s Prof N. Roubini (Dr Doom) claims bitcoin is not a currency. Few price anything in bitcoin. Not many retailers accept it (even bitcoin conferences don’t accept it as payment). And it’s a poor store of value because its price can fluctuate 20%-30% a day. Worse, he labelled it “the mother of all bubbles” because its claim of a steady-state supply is “fraudulent”.

It has already created thee similar currencies: Bitcoin Cash, Litecoin and Bitcoin Gold. Together with the hundreds of such other currencies invented daily, this creation of money supply is debasing the currency at a much faster pace than any major central banks ever did. Furthermore, bitcoin’s claimed advantage is also its Achilles’s heel – for, even if it actually did have a steady supply of 21 million units, it is not a viable currency because the supply won’t track potential nominal GDP growth; hence, prices will become deflationary – the kind of phenomenon that economist Irving Fisher believed caused the Great Depression.

Indeed, the head of the European Central Bank had since declared to the European Parliament that cryptocurrencies are unregulated and “very risky assets. Their price is entirely speculative”. That’s not what we want or need. It’s a pity the FOMO (fear of missing out) of many retail investors will end them in a wild goose ride!

> Over its nine-year history, bitcoin has had five-peak-to-trough falls of more than 70% each. The recent decline offers a dose of reality to new investors – bitcoin dropped to a low US$7,850 on Feb 2 for the first time since November 2017 – crashing 60% from the high of nearly US$20,000 in mid-December. Sentiment has shifted dramatically this year.

On Feb 5, it fell another 4% to US$7,524. Also, the fledging market has taken a number of blows: Facebook has since banned advertisements on it (for being misleading); US Securities and Exchange Commission has accused some latest ICOs as “outright scams”; US and UK largest banks have put up “road-blocks” to financing bitcoins; and the recent Japanese hack theft of 523 million crypto-XEM (worth US$500mil) brought back memories of Mt Gox, which collapsed after a similar hack in 2014.

> Arbitrage traders (buying where it’s cheap and reselling where it is dear) have been active – taking advantage of price differentials in multiple places and different times. They call it “capturing the arb”. Hedge funds, high frequency traders and even amateur enthusiasts are giving it a shot. Price divergences can be due to glitches or network traffic jams. In South Korea, exchanges quote abnormally wide prices reflecting high investors’ demand for bitcoin in the face of strict capital controls – giving rise to a “Kimchi premium” (of as high as 50% above US price; now down to 5% as price disparities are swiftly traded away).

> Concern over cryptocurrency activity is spreading beyond China, Japan, South Korea and India. This prompted the governor of the Bank of England, who also chairs the Global Financial Stability Board, to voice his unease over the anonymity embedded in blockchain technology underlying their use, especially for illicit activity (including money laundering). He disclosed that it would be on the agenda at the next G20 meeting. Tax authorities have also expressed concern over the under-reporting of capital gains tax.

> Bitcoin futures trading on Chicago’s CME and CBoE exchanges have been slow to catch fire – at the pace of a “slow walk”.

What then, are we to do

Reality check: Bitcoin is proving that cryptocurrencies can erase wealth as fast as they create it. In January 2018 alone, it wiped off US$45bil from its US$200bil in market value generated in all of 2017 – the biggest one-month loss in US dollar terms in its short history. Since then, more value is being lost. For most economists and finance experts, they don’t represent an investable asset – there are liquidity issues, safety issues, exchange issues; most of all, they have no intrinsic value.

Can’t realistically put a fix on their fair value. They are for speculators who are prepared to lose everything. Of course, its something else for those who use them for illicit activity (home to criminals and terrorists), including money laundering. Anonymity means you are potentially closing a chain, while at somewhere along it had some illicit activity that cannot see the light of day.

Fair enough, these concern regulators. But we shouldn’t lose sight of the huge range of opportunities presented by the underlying technology – a view shared by many in relation to raising the efficiency of payment systems. Regulators are right to want to regulate crypto but also, continue to encourage innovation on blockchain. As I see it, so far in 2018, bitcoin has been a total dud. The list of factors driving its decline is growing, especially rising regulatory clampdown occurring around the world.

So, the cryptocurrency market has fallen on tougher times. For sure, Bitcoin has been highly profitable for many investors. Indeed, there continues to be strong interest among millennials.

Bottom line: the year so far has been terrible for bitcoin. But the fundamental positive story for crypto appears to remain intact. Protecting consumers should make it harder for charlatans to sell digital dust. There is a point where it goes from “buying on the dip” to “catching a falling knife”. Only time will tell. So, beware!

NB: Following global regulatory crackdown, bitcoin’s price has on Feb 6 fallen to a low of US$5,947, wiping out over US$200bil so far this year. Bitcoin’s market cap is now US$109bil, about one-third of the total crypto market (that’s down from 85% this time last year). The Bank for International Settlements (banker to central banks) has now condemned bitcoin as “a combination of a bubble, a Ponzi scheme and an environmental disaster” (refers to huge amounts of electricity used to create it) and warns it can even become a “threat to financial stability”.


Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: ahbah on February 19, 2018, 11:06:18 PM
Cryptocurrencies are a nascent asset class and could fall violently at any time, the founder of blockchain network Ethereum warned on Saturday.
 
"Reminder: cryptocurrencies are still a new and hyper-volatile asset class, and could drop to near-zero at any time," Vitalik Buterin said on Twitter. "Don't put in more money than you can afford to lose."

Buterin added: "If you're trying to figure out where to store your life savings, traditional assets are still your safest bet."
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: Teosh on February 24, 2018, 01:33:46 AM
    比特幣暴跌 难挡ICO热潮

(纽约23日讯)继去年12月创出歷史高位后,比特幣和其他许多数码货幣在最近几个月里暴跌,但这並没有浇灭市场对首次代幣发行(initialcoin offerings,简称ICO)的热情。

研究及数据公司Token Report表示,今年ICO融资规模已达16.6亿美元左右,新上线的ICO项目约有480个,当中已结束融资的只有126个。

该公司称,照这个形势,ICO市场今年將突破去年65亿美元的融资总额。

与ICO的火爆形成对比的是,比特幣价格在去年12月中旬创出纪录高位后已暴跌约45%。

Token Report创始人兼首席执行员默尔(Galen Moore)在最新发表的报告中写道,ICO活动短期內不会放缓。

Token Report记录的融资活动只包括已关闭的ICO,意味著Telegram和Block.one这两只规模最大的ICO没有被纳入统计,这两只ICO的融资总额已超过20亿美元,而且还在攀升。

Telegram是运营一款流行在线通讯应用的私营公司。该公司在ICO中已融资8.5亿美元。Block.one去年夏天启动ICO,並且將持续至今年6月份。该公司首席执行员布墨(Brendan Blumer)称,已筹资逾15亿美元。
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: Dasmianor on April 22, 2019, 04:57:00 PM
Variations in the content can not be read without any interpretation.
Title: Re: Bitcoin Investment Trust Could IPO by October
Post by: GRAHAMO on July 26, 2019, 06:04:43 PM
Decent, need to accomplish something like this with mine.