Vinny Lingham: Bitcoin Price Will Reach $3,000 in 2017

Vinny Lingham: Bitcoin Price Will Reach $3,000 in 2017

admin 2017, Bitcoin, Bitcoin 2.0, Bitcoin Awareness, Bitcoin ecosystem, Bitcoin Market Capitalization, Bitcoin News, Bitcoin Predictions for 2017, Bitcoin Price, Blockchain News, BlockChain Technology Opinions, China Market, Crypto News, Cryptocurrency, In the News, Vinny Lingham 0 Comments

Vinny Lingham, co-founder and CEO of Civic.com released a highly anticipated blog post entitled “Bitcoin 2017: A Currency Devaluation Hedge for Emerging Markets” on December 28 to share his thoughts on Bitcoin and its price trend in 2017. In his analysis, Lingham predicted that the Bitcoin price will double or triple within the next 12 months. Over the past year, Lingham has been one of the few analysts who accurately predicted the price trend of Bitcoin. In a blog post published in April, Lingham told his readers that Bitcoin would reach a market cap of $15 bln by the end of the year. Today, it surpassed the $15 bln mark, reaching its all-time high market cap. The reasons behind strong performance The vast majority of mainstream media outlets and analysts have cited economic and financial factors as a reason for Bitcoin’s price rally. Various events such as the demonetization of banknotes in India and Venezuela, crackdown on Wealth Management Products (WPMs) and tightening of capital controls played a strong role in the rising price of Bitcoin. However, Lingham notes that most failed to acknowledge the impact of rising Federal Reserve rates on the value of Bitcoin. When the Federal Reserve increases …

Blockchain Proven to be Faster Than Wire Transfers in Banking Payment Test

Blockchain Proven to be Faster Than Wire Transfers in Banking Payment Test

admin Banking, Bitcoin Awareness, Bitcoin News, Bitcoin Tools, Blockchain News, blockchain technology, BlockChain Technology Opinions, CoinGreed, In the News 0 Comments

Bitcoin and its revolutionary Blockchain technology have many advantages over the status quo. This ranges from better security, lower costs and superior inclusion. Another advantage is the speed of transactions, as the legacy banking system has been using the wire transfer method for generations. Now, results from a test run by a group of banking interests in Japan have revealed that Bitcoin’s Blockchain technology is more than ready to drag the current monetary transfer system into the 21st century. According to the Asian Nikkei Review, the unnamed “megabanks,” the Deloitte Tohmatsu accounting group and the Bitcoin exchange bitFlyer have been running Blockchain tests for a considerable part of 2016, with the final tests concluding in September. The goal was to see if Bitcoin’s Blockchain technology could hold up to the rigors and speed requirements of the current currency transfer systems. You could say that these tests were successful. “Blockchain’s low processing speed was seen as a major drawback of the technology,” said the Asian Nikkei Times. “But researchers were able to conduct 1,500 transactions per second using Blockchain, on par with the nearly 1,400 transactions the current interbank wire system is capable of handling at peak times.” The banks again were …

Bitcoin Privacy USA Anonymity Government Transactions Coinbase Identity

Bitcoin Anonymity Over? United States Government Seeks Identity, Transaction Records of Coinbase Users

admin Anonymity, Bitcoin, Government, In the News, Privacy, Taxes, United States Of America, USA 0 Comments

The U.S. government is seeking the identity of Coinbase users for tax purposes, sparking fears that Bitcoin’s anonymity may be compromised. According to a legal summons filed in the Northern California District Court, the U.S. Internal Revenue Service (IRS) seeks to identify several Coinbase users and their financial activity, based on evidence that they may have violated U.S. tax laws: “Based upon a review of the petition and supporting documents, the Court has determined that the “John Doe” summons to Coinbase, Inc. relates to the investigation of an ascertainable group or class of persons, that there is a reasonable basis for believing that such group or class of persons has failed or may have failed to comply with any provision of any internal revenue laws, and that the information sought to be obtained from the examination of the records or testimony (and the identities of the persons with respect to whose liability the summons is issued) are not readily available from other sources.” As indicated by the summons, two things are clear: one, the IRS has tracked Bitcoin-related activity sufficiently to be able to determine that certain users may not be in compliance with tax law, and two, this activity …

The Trump Train Goes to Washington; Three Ways Trump Helps Bitcoin

admin Bitcoin News, Bitcoin Politics, Bitcoin Price, CoinGreed, Donald Trump, In the News, Political, Politics, Prices 0 Comments

As I went over in an Op-Ed on Sunday, Hillary Clinton could not be allowed to become President of the United States. Call me crazy, but the world does not need openly corrupt, lying, World War 3-threatening politicians controlling Washington. Donald Trump wanted to “drain the swamp” and he is a man who gets things done, starting at the head of state. He’s already done more in one night than President Obama has done in eight years. Thank you America, for joining me and the rest of the liberty movement on the right side of history. Ok, enough about me being so right all the time…..what does this mean for Bitcoin? I’m going to give you three fast ways Trump helps Bitcoin and provides Bitcoin a much better future than the corrupt alternative. Bitcoin price should go up even faster for the rest of the year Bitcoin has proven to be just like Donald John Trump, a winner, from jump street, and 2016 has been no different. Bitcoin was up by over 60 percent this year going into election night, and these results will only build upon that growth throughout the coming weeks and months ahead. Bitcoin has proven to …

Bitcoin & US Elections: Surge in Hedges Against Market Decline As Trump Leads

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Reports say a tightening U.S. election race has gotten Asian shares tumble to a 7-week lows and the US dollar lost ground against the yen and the euro on Wednesday November 2. This comes as the Republican presidential candidate, Donald Trump, is reportedly closing the gap with his Democrat counterpart, Hillary Clinton, and money is being forced out of riskier assets and into safe-havens such as the Swiss franc and gold, according to Reuters. As a growing safe haven alternative to gold and its recent record high in number of users and transactions, Bitcoin is likely to benefit from the current market outlook. Trump and Bitcoin Though there hasn’t been any empirical proof to support the claim of a direct correlation with Bitcoin and its recent corrected price to the slightly above $700 range, the Trump’s candidacy, has been implied to be in tandem with the growing popularity of the top digital currency. Recently, an academic and author David Golumbia suggested in a blog post that the politics of Blockchain should make people worried about Trump and those who support him, signaling that some attributes of Bitcoin and the Blockchain technology are interfering with the ongoing US presidential election and …

Telegram Bot Uses Bitcoin For Cheap International Calls

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A Latvian startup known as 120 Minutes recently introduced a Telegram-Bitcoin integration called CallCoin, which is short for phone call and Bitcoin, to enable international calls via Telegraph approximately 10x cheaper than the standard pricing. On ArticStartup, a technology company & blog established to promote emerging communities, 120 Minutes CEO Dmitry Chuyenko introduced the company’s Telegram bot, which utilizes Callback instead of VoIP to provide private call services using Bitcoin. Chuyenko stated: “Callcoin is the first Telegram bot that provides call services and the first service that offers a winning solution with payments in cryptocurrency.” Mechanism & Privacy Chuyenko believes online privacy is the single most important feature that every user must be provided with. Thus, Callcoin utilizes Bitcoin, which with some technologies like Mimblewimble and CoinJoin could become anonymous in theory, and enables an endless generation of new caller IDs for additional privacy. Users can rent different phone numbers, change Caller IDs at will and check call histories on a single platform. “Users can top up their credits with Bitcoin and recharge codes, and send them to anyone. Plus, they can access their history, check the tariffs, rent a different phone number, set a Caller ID and set multiple numbers …