Bitcoin Explained, For Meeting Planners

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What Is It? Bitcoin is a decentralized, digital “cryptocurrency” powered by a vast computer network. It’s been recognized as a currency by the European Union, yet China recently closed cryptocurrency exchanges serving its local markets—where more than 80 percent of the world’s Bitcoin transactions and financing activities were taking place until recently. Pan Gongsheng, vice governor of the People’s Bank of China, told a financial meeting over the weekend that Bitcoin is a bubble waiting to burst, like “tulip mania” in the 1600s and the dot-com crash. Why Do We Need It? Blockchain, the technology that underpins it, is “a machine for creating trust,” as The Economist puts it. It lets people who do not know (or trust) each other execute a secure transaction. It does this for a small fee, but without having to go through a bank or other central authority. Why is this important? Meeting planners can potentially save money by paying in Bitcoin. Think of every transaction where a planner would typically pay via credit card or, say, PayPal. If a hotel accepts Bitcoin in payment, planners could potentially negotiate better prices by reducing the cost of fees third parties typically charge for processing transactions. Similarly, …

Bitcoin futures skyrocket in the middle of craze over virtual currency

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Photo: Kiichiro Sato, AP < p data-hdn-analytics=gallery_thumbnails_show|article-gallery-12420095|article-gallery-12420095|0 > Image of This Friday, Dec. 8, 2017, image shows the Chicago Board Options Exchange website announcing that bitcoin futures will begin trading on the CBOE on Sunday night, Dec. 10. Bitcoin futures will start trading a week in the future the Chicago Mercantile Exchange. less This Friday, Dec. 8, 2017, picture reveals the Chicago Board Options Exchange site announcing that bitcoin futures will begin trading on the CBOE on Sunday evening, Dec. 10. Bitcoin futures will start trading a … more Image: Kiichiro Sato, AP Bitcoin futures skyrocket amidst frenzy over virtual currency CHICAGO (AP)– Bitcoin’s launching on a significant U.S. exchange is a hit so far, with the cost of the first-ever futures agreement for the virtual currency rising 18 percent. The futures agreement that ends in January surged$2,730 to $18,190 Monday early morning on the Chicago Board Options Exchange. Trading started Sunday, and the rate rose as high as$18,850, according to data from the CBOE.< p xmlns=http://www.w3.org/2005/Atom xmlns: apcm =http://ap.org/schemas/03/2005/apcm xmlns: apnm =http://ap.org/schemas/03/2005/apnm xmlns: o=http://w3.org/ns/odrl/2/ > The CBOE futures do not include real bitcoin. They permit investors to make bets on the future direction of bitcoin. The very first session …

Litecoin is rising after Bitcoin futures launch

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< img lazy-state=loaded src= http://ww4.hdnux.com/photos/65/43/35/14038899/3/920×920.jpg alt=”The fifth biggest cryptocurrency on the market exceeded$ 80 per coin Friday afternoon, as more well-known digital currencies such as bitcoin and ethereum continue to reach new heights. Picture: Noah Luis”> Picture: Noah Luis Image of/ Caption Close Image of The 5th largest cryptocurrency on the market went beyond$80 per coin Friday afternoon, as more well-known digital currencies released trading of Bitcoin futures contracts. Litecoin at first saw a substantial loss after Coinbase’s GDAX exchange crashed recently, quickly sagging below the $100 mark prior to this week’s skyrocket in price.Litecoin utilizes a somewhat different mining strategy than bitcoin, however has actually been largely leftout of the cryptocurrency surge. While the cryptocurrency has seen its value skyrocket by 4,975%this year, it’s still trading at just$187 per coin, compared with bitcoin’s$17,006. For contrast’s sake, bitcoin is up 2,062% in the last 12 months.The electricity used to mine bitcoin this year< a href= http://www.businessinsider.com/bitcoin-mining-electricity-usage-2017-11?utm_source=hearst&utm_medium=referral&utm_content=allverticals > is larger than the annual usage of 159 countries, a British research firm just recently estimated. Markets Expert NOW SEE: Here’s exactly what bitcoin futures might imply for the price of bitcoin See Likewise: SEE ALSO: WALKTHROUGH: How traders’pump and dump’cryptocurrencies

What Happens to Your Bitcoin If there Is an Apocalypse?

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More on Bitcoin End ofthe world predictions have been around as long as anyone can keep in mind, international fears of an apocalypse-like situation have grown among some thinkers in recent years. How sustainable will bitcoin and its hidden blockchain be in the occasion of an around the world apocalyptic event!.?.!? The factors for the increased issue consist of enormous global economic and political turbulence, the failure of numerous reserve banks to plan appropriately, and a return of dictatorial governance in specific areas throughout the globe.In the past, when individuals feared for the future of society, they tended to buy up big amounts of a safe haven asset like gold. Now, some of those exact same financiers are moving their holdings towards digital currencies like bitcoin. Question of Power Blackout Practicality A recent short article by bitcoin.com describes a trend among the super-rich in Silicon Valley, where these significant investors and endeavor capitalists have started to shift their shops of possessions towards digital currencies.One can easily comprehend the appeal today, when bitcoin rates continue to increase without any apparent end in sight. Exactly what would take place to bitcoin if there is a huge power outage or energy crisis in …

Bitcoin cost: Winklevoss twins see 20x boost

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Speaking With Fox Business following the they bought $US11 million worth, accounting for around 1 per cent of overall blood circulation at the time.The set first become aware of bitcoin while on vacations. “We were in Europe, we in fact were on vacation, we had to get money to our lodging, and it was so hard to get loan from the US to Europe,” Tyler stated. “The joke is if you wish to get loan from New York to London on a Friday night, go to JFK, dive on an airplane with a bag of cash and you’ll arrive quicker than when you in fact wire. This is the first money that’s built for the internet.” They would not talk about how much they still own, but stated they had actually only ever sold or invested bitcoin twice in the past. “I believe Cameron bought some Legos, and we purchased tickets to Virgin Galactic Area,” Tyler said. “Sadly we truly overpaid, since bitcoin went up about 20 or 30 times. We discovered our lesson– we do not spend our bitcoin, we’re long-lasting holders. We believe it’s a store of worth much more than it is a currency.” The launch of …

Having Bitcoin Is The New 6 Feet Tall

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Memebase Having Bitcoin Is The New 6 Feet Tall Email < img src = https://i.chzbgr.com/full/9104290816/h4E0D0E5A/ width = 750 height = 750 alt="Amusing meme about how girls will date you if you have bitcoin." title="Having Bitcoin Is The New 6 Feet Tall" >