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Monday, October 23, 2017

Cryptocurrency News for 23 Oct 2017

 

JPMorgan Buys Bitcoin-Bullish WePay in ‘Rare’ Fintech Move

JPMorgan Buys Bitcoin-Bullish WePay in ‘Rare’ Fintech Move

 

Unpredictable global banking giant JPMorgan has bought up payment network WePay in a “rare” fintech acquisition.

The move is aimed at JPMorgan’s four million business customers which it wants to be able to accept payments “faster,” Bloomberg reports.

The bank has made headlines several times over the past month after its CEO Jamie Dimon called Bitcoin a “fraud,” only to U-turn on his comments and “not talk about Bitcoin anymore.” At the same time, senior executive said the company was “open-minded” on cryptocurrency and Blockchain.

WePay has hinted at a markedly different stance, CEO Bill Clerico saying he was “bullish on Bitcoin” as far back as 2014.


Full story at http://bit.ly/2yIVFKt


Source: CoinTelegraph


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Italian Auction House is First to Allow Bidding with Bitcoin

Italian Auction House is First to Allow Bidding with Bitcoin

 

A Geo TV article originally covered the story: “ROME: Italian auction house Sant’Agostino said Wednesday bidders at its next sale will be able to settle up in bitcoin, a world first according to the auctioneers.”

The auction is slated to sell roughly 600 items, which include furniture and other household objects. All of the items can be purchased with bitcoin via the bidding process. Furthermore, the following  Sant’Agostino auction — which will include bidding on jewelry, watches, and art pieces — will also accept bitcoin as part of the settlement process.

"Paying with the crypto currency will also be allowed at the following auction at the end of November which will feature paintings, jewelry and watches."

This means there could be a movement developing in this particular area of retail services, and spur more popularity for bitcoin and other cryptocurrencies.


Full story at http://bit.ly/2yIVIG9


Source: Bitcoin News


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Cryptocurrency Just Hit A Major Milestone -- and Entrepreneurs Shouldn't Ignore It

Cryptocurrency Just Hit A Major Milestone -- and Entrepreneurs Shouldnt Ignore It

 

If you haven't heard or paid attention to the phenomenum that is cryptocurrency, then it's time to take notice.

First, if it's still a foreign concept for you, cryptocurrency is any of a number of digital currencies that can be used for online transactions without intermediaries such as banks. Without banks, cryptocurrency can be traded and used for commerce between two or more people without the oversight -- and expense -- of those intermediaries.

The underlying power behind cryptocurrency is blockchain technology, which is as difficult to understand as it is to explain. There are certainly in-depth descriptions of how blockchains function available, but in general, each is built on a publicly distributed digital ledger aimed at ensuring the security and transparency of the transaction for all involved.

Cryptocurrency was first launched in 2009 as an experiment limited to a handful of adopters. However, It has grown into a legitimate and credible global currency and payment option, as countries like Singapore, India, China and Russia have moved to adopt their own digital versions of their currencies.


Full story at http://bit.ly/2yIP8iW


Source: Entrepreneur


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Bitcoin Breather? Higher Price Push Still Possible on Search Demand

Bitcoin Breather? Higher Price Push Still Possible on Search Demand

 

The price of bitcoin may have hit a new all-time high above $6,000 today, but it's already showing signs it may be primed to push higher.

At press time, the bitcoin-US dollar (BTC/USD) exchange rate was roughly $5,950, down slightly from the day's high, but up 9 percent on the week amidst what proved to be strong demand for bitcoin in the $5,000-to-$5,500 range.

Week-on-week, bitcoin is up 9 percent, while on a monthly basis, it is up a staggering 53.66%.

Looking ahead, however, at least two underlying trends suggest it may trace higher in the days or weeks ahead.


Full story at http://bit.ly/2yIP9n0


Source: CoinDesk


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If you bought $100 of bitcoin 7 years ago

 


Full story at http://bit.ly/2yK94lx


Source: SydesJokes Blog


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Big money stays away from booming bitcoin

Big money stays away from booming bitcoin

 

LONDON (Reuters) - Bitcoin is booming, digital currency hedge funds are sprouting at the rate of two a week and the value of all cryptocurrencies has surged tenfold this year to more than $170 billion.

Yet for all the hype, mainstream institutional investors are steering clear of the nascent market, taking the view that it is too lightly regulated, too volatile and too illiquid to risk investing other people’s money in.

Bitcoin, the biggest and most well-known cryptocurrency, has outperformed all the world’s traditional currencies each year since 2011, except for 2014. But many investors still view it as an opaque, esoteric instrument used by gun-runners and drug-dealers on the Dark Web that should be avoided.

This year, though, a flood of new hedge funds focused on cryptocurrencies has offered institutional investors who might be unfamiliar with the market a potential route into the world of digital currencies.


Full story at http://reut.rs/2yKbiBE


Source: Reuters


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Crypto News: Big money stays away from booming bitcoin

Big money stays away from booming bitcoin

LONDON (Reuters) - Bitcoin is booming, digital currency hedge funds are sprouting at the rate of two a week and the value of all cryptocurrencies has surged tenfold this year to more than $170 billion.

Yet for all the hype, mainstream institutional investors are steering clear of the nascent market, taking the view that it is too lightly regulated, too volatile and too illiquid to risk investing other people’s money in.

Bitcoin, the biggest and most well-known cryptocurrency, has outperformed all the world’s traditional currencies each year since 2011, except for 2014. But many investors still view it as an opaque, esoteric instrument used by gun-runners and drug-dealers on the Dark Web that should be avoided.

This year, though, a flood of new hedge funds focused on cryptocurrencies has offered institutional investors who might be unfamiliar with the market a potential route into the world of digital currencies.


Full story at http://reut.rs/2yKbiBE


Source: Reuters


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Sunday, October 22, 2017

Daily Jokes from SydesJokes for 22 Oct 2017

 

Joke 1

We can hide things away

SydesJokes Blog

Original post: http://csyd.es/1/81


Joke 2

A bad day at Disneyland is still better than a good day at work!


Joke 3

Two boys were walking home from Sunday school after hearing a strong preaching on the devil. One said to the other, 'What do you think about all this Satan stuff?'

The other boy replied, 'Well, you know how Santa Claus turned out. It's probably just your Dad.'


Joke 4

Q: Why was the baseball player arrested in the middle of the game?
A: He was caught stealing second base.


Joke 5

It was a quiet day on the Ark and Noah was getting bored, so he told his wife that he was going to relieve the tedium by going on a fishing expedition.

"That's a good idea," she said. "You could do with a break."

Noah collected his gear and set off, but just a few minutes later he was back, still complaining that he was bored. His wife said, "I didn't expect you back so soon. If you're that bored, why did you stop fishing?"

"I only had two worms."


Joke 6

Business Man in 1st Class to a very sexy gorgeous Flight Attendant: "What's your name?"

Flight Attendant: "Angela Benz, Sir!"

Business Man: "Lovely name, any relation to Mercedes?Benz?"

Flight Attendant: "Yes sir, very close."

Business Man: "How close?"

Flight Attendant: "Same price."


Joke 7

Housecleaning Hints

- Windows: Layers of dirty film on windows and screens provide a helpful filter against harmful and aging rays from the sun. Call it an SPF factor of 15 and leave it alone.

- Cobwebs: Artfully draped over lampshades reduce the glare from the bulb,thereby creating a romantic atmosphere. If someone points out that the light fixtures need dusting, simply look confused and exclaim "What? And spoil the mood?" (Or just throw glitter on them and call them holiday decorations.)

- Pet Hair: Explain the mound of pet hair brushed up against the doorways by claiming you are collecting it there to use for stuffing hand-sewn play animals for underprivileged children. (Also keeps out cold drafts in winter.)

- Guests: If unexpected company is coming, pile everything unsightly into one room and close the door. As you show your guests through your tidy home, rattle the door knob vigorously, fake a growl and say, "I'd love you to see our den, but Fluffy hates to be disturbed and the shots are SO expensive."

- Dusting: If dusting is REALLY out of control, simply place a showy urn on the coffee table and insist that "This is where Grandma wanted us to scatter her ashes."

- General Cleaning: Mix one-quarter cup pine-scented household cleaner with four cups of water in a spray bottle. Mist the air lightly. Leave dampened rags in conspicuous locations. Develop an exhausted look, throw yourself on the couch and sigh, I clean and I clean and I still don't get anywhere." As a last resort, light the oven, throw a teaspoon of cinnamon in a pie pan, turn off oven and explain that you have been baking cookies for a bake sale for a favorite charity and haven't had time to clean... Works every time.

- Another favorite, I think from Erma Bombeck: Always keep several get-well cards on the mantle so if unexpected guests arrive, you can say you've been sick and unable to clean.


Joke 8

Q: Why did the surfer think the sea was his friend?
A: Because it gave him a big wave!


It is ok to live a life others do not understand

SydesJokes Blog

Original post: http://csyd.es/1/82


 

 

 

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Cryptocurrency News for 22 Oct 2017

 

Clueless Central Bankers Regard Bitcoin With Envy, Hatred

Clueless Central Bankers Regard Bitcoin With Envy, Hatred

 

In my first article for the Cointelegraph I tried to explain the value of Bitcoin to citizens of countries that practice capital controls, which are usually countries with less economic development.

A day later, I read an article where the president of the Central Bank of Brazil exposes his lack of understanding and appreciation about digital currency, which could be such a boon to citizens of my native country, Brazil.

I believe that the best way to explain it is through practical examples, so I will summarize my experience with the legal tender currency of my country.

I was born in 1981, during the decade of hyperinflation in Brazil, I remember that it was normal to see the supermarkets crowded during the first week of the month. This is because on payday, everybody groceries for the entire month since prices were changed every day, sometimes more than once a day.


Full story at http://bit.ly/2yIP2rA


Source: CoinTelegraph


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TSMC: Cryptocurrency Mining Drove Strong Third Quarter Revenue

TSMC: Cryptocurrency Mining Drove Strong Third Quarter Revenue

 

The chief financial officer for the Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest independent semiconductor foundry, cited cryptocurrency mining in the firm's third-quarter results.

The company – which provides semiconductor manufacturing services for a range of industries, including firms that design and assemble application-specific integrated circuits (ASICs) for cryptocurrency mining – announced third-quarter revenue of $8.32 billion, an increase of 17.9% compared to the previous quarter and 1.5% year-over-year.

Boosting those figures, Lora Ho said, is demand for semiconductors used in mining products.

She said in a statement:

"The strength of our third-quarter revenue was driven mainly by major mobile product launches and a generally healthy demand environment, including cryptocurrency mining. However, this strength of our third quarter revenue was partially dampened by our customers’ continued inventory management."


Full story at http://bit.ly/2yIP4jc


Source: CoinDesk


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With Bitcoin’s Price Above $6000 USD, Satoshi Nakamoto Should Be on Forbes’ Rich List

With Bitcoin’s Price Above $6000 USD, Satoshi Nakamoto Should Be on Forbes’ Rich List

 

The value of Satoshi Nakamoto’s estimated 1,000,000 bitcoins would place the anonymous creator on Forbes’ list of wealthiest individuals. Based on the estimated value of Satoshi’s holdings, which at the time of writing is approximately $6.1 billion USD, Nakamoto would be ranked number 237 on Forbes’ list.

Satoshi would be tied for 237th with South African business tycoon Johann Rupert, and Swedish heir and businessman Jorn Rausing. Nakamoto would be ranked higher than Alibaba’s Joseph Tsai, Australian mining magnate Andrew ‘Twiggy’ Forest, and Walmart heiress Ann Walkton Kroenke.

Satoshi is estimated to own approximately 5.89% of the more than 16.6 million bitcoins that are currently in circulation. The largest single bitcoin wallet is Bitfinex’s cold storage wallet, which currently holds over 168,000 bitcoins, or 1% of the total supply. The largest bitcoin wallet was previously owned by the U.S. government, after the FBI seized 144,336 bitcoins from anonymous free market The Silk Road.

At the time of writing, Bitcoin boasts a market cap of approximately $102 billion USD. If bitcoin were a company, it would be the 73rd largest by market cap, ranking higher than Goldman Sachs, China Petroleum & Chemical, and Bayer.


Full story at http://bit.ly/2yIVIpD


Source: Bitcoin News


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Bitcoin breaks above $6,000, and $100 billion in value for the first time in its history

Bitcoin breaks above $6,000, and $100 billion in value for the first time in its history

 

The world’s most prominent digital currency was on track to mark a fresh milestone on Friday, with bitcoin rallying and putting the cyber currency in position to hit a total market value of around $100 billion.

Such a valuation would place the No. 1 cryptographic currency above or on par with blue-chip companies on the Dow Jones Industrial Average DJIA, +0.71%  like United Technologies Corp UTX, +1.21% with a market value at $96 billion, American Express Co. AXP, +0.21%  at $82 billion, Caterpillar Inc. CAT, +0.45% at $77 billion and Travelers Cos. Inc. TRV, +0.11%  at $36 billion.

To be sure, it is questionable to draw value parallels between the asset and more traditional companies, but it highlights the stratospheric rise of bitcoinBTCUSD, -5.29% which didn’t exist a decade ago.

A single bitcoin also broke above a milestone of $6,000, reaching an intraday high of $6,064.14 Friday afternoon, according to research and data site CoinDesk.com. Bitcoin also boasted a market value of roughly $100.81 billion at its peak on the day, according to data site Coinmarketcap.com. The move comes just as the Dow cleared its own psychologically important level of 23,000 on Wednesday.


Full story at http://on.mktw.net/2yIVKxL


Source: MarketWatch


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Survey Respondents Say Bitcoin to Reach $10,000

Survey Respondents Say Bitcoin to Reach $10,000

 

Consumer News and Business Channel (CNBC) ran an unscientific survey, polling its online readers with the question, “Where does bitcoin go from here?”

CNBC is owned by Comcast Corporation (Comcast), the US-based worldwide telecommunications conglomerate. By revenue, it is the largest of its kind on the globe, according to the mostly-German-based Institute of Media and Communications Policy. Comcast’s reach is vast, wide.

Forbes contributor Ilana Greene profiled CNBC, and addressed its audience demographic. Whether a “day or institutional trader, however, relies heavily upon and trusts CNBC to deliver decision useful data that they will incorporate into their daily investment decisions. According to Mendelsohn Affluent Survey, 19% of viewers watch 5+ hours of CNBC per week. These investors also regularly utilize content provided by the multiple CNBC internet channels,” she concluded (emphasis added).


Full story at http://bit.ly/2yIVHC5


Source: Bitcoin News


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Gates Foundation to Use Ripple Interledger Tech in Mobile Payments Push

Gates Foundation to Use Ripple Interledger Tech in Mobile Payments Push

 

The Bill and Melinda Gates Foundation has released new open-source software for the unbanked that utilizes technology developed by distributed ledger startup Ripple.

Announced today, Mojaloop is aimed at providing an interoperability layer between financial institutions, payment providers and other firms that offer such services to the poor and unbanked. Ripple's Interledgerprotocol, which is used to transact between different financial networks, is being used to help accomplish that goal.

In addition to Ripple, three other financial technology firms participated in the development of the software. The app came out of the group's Level One Project, an umbrella initiative for its work with the unbanked poor that has seen it explore technologies like blockchain.

The Gates Foundation has been weighing applications of the tech since as early as 2015, including its use as a way to bridge disconnected financial systems.


Full story at http://bit.ly/2yIVGy1


Source: CoinDesk


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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

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Crypto News: Clueless Central Bankers Regard Bitcoin With Envy, Hatred

Clueless Central Bankers Regard Bitcoin With Envy, Hatred

In my first article for the Cointelegraph I tried to explain the value of Bitcoin to citizens of countries that practice capital controls, which are usually countries with less economic development.

A day later, I read an article where the president of the Central Bank of Brazil exposes his lack of understanding and appreciation about digital currency, which could be such a boon to citizens of my native country, Brazil.

I believe that the best way to explain it is through practical examples, so I will summarize my experience with the legal tender currency of my country.

I was born in 1981, during the decade of hyperinflation in Brazil, I remember that it was normal to see the supermarkets crowded during the first week of the month. This is because on payday, everybody groceries for the entire month since prices were changed every day, sometimes more than once a day.


Full story at http://bit.ly/2yIP2rA


Source: CoinTelegraph


Tweet This Story

 

 

 

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

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