The world's central banks need to start thinking seriously about Bitcoin
LONDON - Global central banks must think seriously about their approach to the growing cryptocurrency markets, the Bank of International Settlements (BIS) said.
The BIS - often known as the central banks' central bank - used its quarterly report to discuss cryptocurrencies such as Bitcoin and Ethereum, saying that central banks must consider whether or not to issue their own digital currencies in the near future.
"In less than a decade, bitcoin has gone from being an obscure curiosity to a household name. Its value has risen - with ups and downs - from a few cents per coin to over $4,000. In the meantime, hundreds of other cryptocurrencies - equalling bitcoin in market value - have emerged," the report said.
BIS argues that central banks must look at questions of both privacy and efficiency when assessing digital currencies, as well as the financial stability implications that arise from those currencies.
Full story at http://read.bi/2xhVFA0
Source: Business Insider Nordic
Japan Becomes Largest Bitcoin Market as Traders Leave China
Japan has once again become the largest Bitcoin exchange market with 50.75 percent market share of the global Bitcoin exchange market. Analysts including BitFury Vice Chairman George Kikvadze attributed the surge in the trading volume of the Japanese Bitcoin exchange market to the exit of Bitcoin traders in China.
Earlier this week, the Chinese government, local authorities and financial regulators officially requested Chinese Bitcoin exchanges and trading platforms to halt their services by the end of September. OKCoin and Huobi, the two largest exchanges in China, were granted leeway to operate until Oct. 30, considering the fact that they have not been involved in any initial coin offerings (ICOs) in the past.
But, it seems as if traders are not willing to take any chances with the Chinese government and their unpredictable nature. The Chinese Bitcoin exchange market’s daily trading volume has halved within a period of three days, from 15 percent to less than seven percent.
According to various trusted Bitcoin market data providers such as CryptoCompare, China only accounts for 6.4 percent of global Bitcoin trades at the time of reporting.
Full story at http://bit.ly/2xizud5
Source: CoinTelegraph
After the Boss Calls Bitcoin a ‘Fraud’ — JP Morgan Buys the Dip
Just recently news.Bitcoin.com reported on JP Morgan executive Jamie Dimon calling bitcoin a “fraud” and claiming he would fire any employee from his firm who traded the digital currency for being “stupid.” Now it seems JP Morgan has been caught red-handed purchasing a bunch of XBT shares, otherwise known as exchange-traded-notes, that track the price of Bitcoin.
According to public records of Nordnet trading logs, the two associated firms JP Morgan Securities Ltd., and Morgan Stanley bought roughly 3M euro worth of XBT note shares. Interestingly after the recent regulatory crackdown in China, and the statements from JP Morgan’s senior executive Jamie Dimon talking trash about bitcoin, his firm bought the dip on September 15. In fact, out of all the companies on the list, like Goldman Sachs and Barclays, the JP Morgan team of buyers purchased the most XBT notes.
Full story at http://bit.ly/2wyEXJk
Source: Bitcoin News
Crypto Asset Visualizer turns your bitcoin into an AR pile of cash
Built in fewer than 24 hours at TC Disrupt SF 2017’s hackathon, CAV, or Crypto Asset Visualizer, does exactly what it sounds like – it makes it easier to visualize your cryptocurrency holdings.
Using augmented reality, CAV calculates the USD value of your crypto holdings, then displays a virtual pile of cash on the ground in front of you. Right now it’s a demo – and doesn’t show real-time exchange rates or balances, but it’s a pretty cool proof of concept.
It does show five different cryptocurrencies – BTC, LTC, XRP, XVG and IXT. Users see a cash pile that equals their entire portfolio, or can tap on a section of the pie chart to just see one cryptocurrency converted to USD. There’s also a slider that adjusts your holdings over time – letting you literally watch your cash pile grow (or shrink, if you’re a bad trader).
The tool was built by Hiroyuki Ishiwata using Android’s ARCore and Unity. ARCore maps the pile of cash to the ground, so you can see it from all angles and even up close. Ishiwata said he created CAV because the plethora of different cryptocurrencies today makes it hard for people to visualize their holdings in dollars. While this is just a demo, Ishiwata may potentially add real-time exchange rates and balances and publish it to the App Store.
Full story at http://tcrn.ch/2xirNUm
Source: TechCrunch
Argentina Jumps on Bitcoin ATM Bandwagon with 200 Expected in October
Argentina is set to receive 200 ‘bi-directional’ Bitcoin ATMs next month in an initiative responding to the “world monetary order changing.”
Speaking to local news outlet CryptoNoticias, CEO of organizer Odyssey Group Sebastian Ponceliz said there would be multiple benefits of the machines in a country where economic policy was an early driver of consumers towards Bitcoin.
“The idea was born from the understanding that the world monetary order is changing,” he told the publication.
“There is what I call monetary convergence that makes us use different types of means of payment and exchange (cash, crypto, e-wallets, loyalty points, etc.) and the human contact point for that is an ATM that can transact multiple currencies, turning digital money into physical and vice versa.”
Full story at http://bit.ly/2xiwAoD
Source: CoinTelegraph
South Africa’s Second Largest Supermarket Chain Pick n Pay Trials Bitcoin Payments
A major supermarket chain in South Africa, Pick n Pay, has started a trial to accept bitcoin payments in-store at its head office location. A payment technology company named Electrum provides the payments platform, with bitcoin exchange Luno providing the Bitcoin payment infrastructure.
Pick n Pay is the second largest supermarket chain in South Africa, behind only Shoprite. The company is trialing bitcoin payments at its head office campus store, its payment solution provider Electrum recently announced:
Full story at http://bit.ly/2xiwDRl
Source: Bitcoin News
Donation:
If you appreciate the things I share, consider making a contribution
no matter how small via PayPal or with TransferWise (EUR).
If you use Waves my wallet address is: 3PPeCnXEDAiRVzvsuGRycrNDHhWgDq68uVt
If you use Bitcoin my wallet address is: 12pAsyMdZoTHPvkiRAZiuQhC8bF4DLbYpQ
Bitcoin QR-Code
No comments:
Post a Comment