Category: Analysis

Bitcoin price 14 AUG 14

Bitcoin Price Declines Further to $503 Thirty-Day Low No Comments

If you've had your eyes glued to the charts, you've noticed that the bitcoin price has been going anywhere but the moon lately. This morning, I'm observing $513 per bitcoin at the Bitstamp exchange, a few points up from the thirty-day low we saw in the past twelve hours, which hit a bottom of $503 per bitcoin. Obviously, such movement has prompted many in the bitcoin community to discuss, exchan...


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In-Depth: The State of Cryptocurrency in New York No Comments

As many may already be aware, July 17, 2014, the New York Department of Financial Services (NYDFS) issued its proposal for the regulation of virtual currencies (Proposed Regulations).¹ At this point, the Proposed Regulations are exactly that – a proposal. There is a 45-day period of public comment, after which the NYDFS may or may not consider the comments it receives. Then, with any revisions...


Bitcoin Price View 25 JULY

Bitcoin Price Slumps Slightly Following Short Period of Stability No Comments

Bitcoin enthusiasts, by now, are accustomed to the sometimes extreme variations in price of this emerging digital currency. For some, they're panic-inducing. Others find them a thrill. But over the past couple of weeks, the price of bitcoin has --surprisingly enough -- remained somewhat stable. This, despite that fact that we've been hearing positive news items are nearly a day-to-day basis, wou...


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Document: Tibanne K.K. Billed Mt. Gox For $200K, Money Possibly Taken From Creditor Funds No Comments

A newly-published post this weekend by GoxDox.org -- a website that collects and publishes documents related to now-defunct bitcoin exchange Mt. Gox -- reveals that Mt. Gox parent company Tibanne K.K. (led by Mark Karpeles) may have invoiced Mt. Gox for "services rendered" following the exchange's dramatic collapse earlier this year. The document, in Japanese, is heavily redacted, and according t...


Next Major Release of Bitcoin Core to be "Much Smarter" About Transaction Fees No Comments

Chief Scientist at the Bitcoin Foundation Gavin Andresen has taken to the Foundation's official blog this Monday to discuss the topic of floating fees for the release of Bitcoin Core 0.10. In short, floating fees add flexibility to the amount of fees paid depending on the amount transacted and acts as a smart tool to help determine which fee amount is most appropriate in order to ensure that tra...


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Prof. Mark T. Williams: "My Concerns Over Bitcoin Remain" No Comments

The chatter on social media surrounding December 2013 comments by Boston University Professor Mark T. Williams (better known inside the community as 'Professor Bitcorn') is as loud as ever as we begin the second half of 2014. Williams had taken to business publication Business Insider to voice his concerns over the digital currency, which was at the time just out of a massive bubble and an all-...


BitcoinWisdom Price Increase 30 JUNE 2014

Bitcoin Price Rises Nearly Eight Percent in a Day No Comments

Bitcoin chart-watchers are no-doubt glued to their screens at the moment. Over the past twenty-four hours, the price of bitcoin has climbed nearly eight percent to a high of $647 at the Bitstamp exchange -- which is up from a 24-hour low of $593. Impressive! While we can't say for sure what has caused this increase, there's been no shortage of news over the weekend related to the United States Ma...


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Financial Action Task Force Releases 'Definitions and Risks' Report on Virtual Currencies No Comments

The Financial Action Task Force [on Money Laundering], also known as FATF, has released a new report focusing on virtual currencies. Specifically, the report covers "key definitions" and "potential AML/CFT risks" of these emerging payment methods. The FATF conducted research into the characteristics of virtual currencies to make a preliminary assessment of the ML/TF risk associated with this payme...


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Poll Review: Do You Prefer XBT or BTC? No Comments

It's Sunday, and you know what that means. It's time to take a look at last week's poll! In that poll we asked the seemingly age-old question of what the bitcoin abbreviation should be. Most commonly in the community, XBT or BTC have been widely used. But because bitcoin is decentralized, there has been both agreement and disagreement on standards and conventions, since there's no one authority t...


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Poll Results: When Did You Become Interested in Bitcoin? No Comments

It's the weekend, and if you frequent these parts, you'll know it means it's time to take a quite look the past week's poll. Over the past week we asked: when did you become interested in bitcoin? There were two choices: In the past year and over a year ago. The results -- at least to me -- were a bit surprising. Surprisingly close, that is. The response this week wasn't nearly what I hoped in t...


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