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01/06/2017

The digital currency bitcoin is currently still near all-time highs, but bullish calls remain for the asset. One investor thinks it could almost double to $4,000 by the end of 2017.
Bitcoin hit an all-time high in late May, reaching to $2791.70 according to CoinDesk data, recording a 180 percent rally year-to-date. There was a subsequent price correction towards $2,100 but bitcoin currently stands around $2,468.56. The market cap for bitcoin has swelled to more than $40 billion.
The bitcoin rally has been fueled by several causes:
Japan passed a law in April recognizing the digital currency as a legal method of payment, leading to a surge in demand from Asian countries.
The U.S. Securities and Exchange Commission is reviewing a decision regarding approval for a bitcoin-based exchange traded fund proposed by Cameron and Tyler Winklevoss, known for their lawsuit against Facebook founder Mark Zuckerberg.
Other countries, including Russia, are looking at how to regulate bitcoin in order to tax it, but this could further stimulate demand for the cryptocurrency as it becomes legitimized.
Daniel Masters is the chairman of XBT Provider, which offers a "bitcoin tracker" that can be traded and exchanged on the Nasdaq exchange in Stockholm. He expects Bitcoin to reach $4,000 by the end of the year.
"Bitcoin is emerging as the transactional layer of the internet, as programmable money and as digital gold. That's the big picture," he told CNBC's Squawk Box on Thursday.
Masters says the trend for high volatility in bitcoin is being diminished due to bitcoin's proliferation, with more products and exchanges set up, as well as the development of a short side of the market. He thinks the next catalysts for bitcoin price growth will come from greater volume.
"What we've seen at XBT Provider is an increase in coverage and an increase in pe*******on into both the retail and institutional market. We're now being covered on Nasdaq OMX by 27 different broker dealers, and that is a stark increase from what we saw a year or two ago," he said.

10/05/2017

https://news.bitcoin.com/frances-newly-elected-president-brandishes-a-hardware-bitcoin-wallet/-- France’s Newly-Elected President Brandishes a Bitcoin Hardware Wallet --Sterlin Lujan --
The newly elected, left-leaning president of France, Emmanuel Macron, hit the front page of Reddit with a photo of him brandishing a Ledger Blue bitcoin hardware wallet. The photo got circulated on Monday after Marcron defeated the right nationalist Marine Le Pen. The photo generated about 1500 up votes.
Also read: Bitcoin Network Hashrate Surpasses Four Exahash Per Second
Even though the photo inspired many crypto-enthusiasts to become excited that France’s new president might be a tech geek, there is not much information about his stance on bitcoin or his level of expertise.
Emmanual Macron
Questions Regarding Macron’s Bitcoin Expertise
According to various news sources, the photo was originally taken last March at the Cap Digital tech event…but this is nothing out of the ordinary. As part of his previous job as Minister of Finance, he constantly had to provide the pretense of appreciating technology, even if he knows little to nothing about it.
There is one roughly translated quote from a french article that suggests he might possess some inkling of understanding. Macron said,
“financial regulation to allow experimentation of blockchains dedicated to the market of Bonds…If the experimentation is conclusive, the government could extend it to unlisted securities in order to promote the emergence of a SME exchange.”
Macron’s Politics and Blockchain Ingenuity
Regardless if the quote says anything about his knowledge of cryptocurrencies, trusting politicians to do the right thing with technology is always a contentious topic. politicians mainly focus on regulating industries and writing laws.
This is especially true since Macron generally supports left-leaning ideologies, which are notoriously hostile to any type of money. Macron even supports the EU and policies that work to create communal environments, which do not usually resonate with the spirit of bitcoin or any money. One Steemit article said,
“Macon for instance is a big booster of the EU and avows liberal stances. He may well follow EU perspectives which will do nothing to help France as it submerges into the red ooze of a union that is determined to swallow countries whole in order to ensure they lose their identity.”
Therefore, the idea that Macron may appreciate cryptocurrency and cryptography is likely not within the realm of possibility. On the other side of the coin, times are changing and even politicians are starting to be humbled by the sheer power of blockchain technology.
Do you think Macron is a true supporter of blockchain technology? Do you think politicians will eventually support bitcoin? Let us know in the comments below.
Images courtesy of reddit.com and Shutterstock
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http://www.newsbtc.com/2017/05/10/btcusd-btcjpy-technical-analysis-may-10-2017/ - BTC/USD and BTC/JPY Technical Analysis...
10/05/2017

http://www.newsbtc.com/2017/05/10/btcusd-btcjpy-technical-analysis-may-10-2017/ - BTC/USD and BTC/JPY Technical Analysis May 10, 2017. --
Hello and welcome to News BTC’s Market Outlook May 10. BTC/USD Bitcoin initially fell on Monday but turned around to show signs of real strength as the $1600 level has offered support. We are approaching the $1750 handle, and are overbought and parabolic by any stretch of the measure. Because of this, pullbacks will offer … Continue reading BTC/USD and BTC/JPY Technical Analysis May 10, 2017
The post BTC/USD and BTC/JPY Technical Analysis May 10, 2017

Hello and welcome to News BTC’s Market Outlook May 10. BTC/USD Bitcoin initially fell on Monday but turned around to show signs of real strength as the $1600 level has offered support. We are approaching the $1750 handle, and are overbought and parabolic by any stretch of the measure. Because of thi...

http://www.newsbtc.com/2017/03/02/ethereum-price-technical-analysis-ethusd-trend-tremendously-bullish/ - Ethereum Price ...
02/03/2017

http://www.newsbtc.com/2017/03/02/ethereum-price-t
echnical-analysis-ethusd-trend-tremendously-bullish/ - Ethereum Price Technical Analysis – ETH/USD Trend Tremendously Bullish. --
Key Highlights ETH price continued its surge and moved past the $15.80 resistance against the US Dollar. A crucial resistance trend line at $16.32 on the hourly chart of ETH/USD (data feed via SimpleFX) was broken to ignite further gains. The current trend is super bullish, and the price may look to extend gains with … Continue reading Ethereum Price Technical Analysis – ETH/USD Trend Tremendously Bullish

Ethereum price rocketed above the $17.00 handle against the US Dollar, and it looks the ETH/USD is strongly bullish and remains buy on dips.

12/01/2017

At least three people have been accused of smashing dozens of bitcoin ATMs in the the Midwestern US.

According to court documents filed in the US District Court for the North District of Illinois and obtained by CoinDesk, Andrew Konja, Alvin Konja and Odai Mabroukare are being accused of perpetrating a "scheme of intimidation and destruction" aimed to force out competing ATM operators in Detroit and Chicago.

Their goal, the lawsuit alleges, is to put other operators at a disadvantage through extortion and destruction of property.

The plaintiff in the case – SandP Solutions, Inc, which does business as Bitcoin of America – filed suit late last month, and is being represented by attorney William P Suriano of Riverside, Illinois.

The defendants are accused of violating the Racketeer Influenced and Corrupt Organizations (RICO) Act.

'Significant expense'

Among the allegations, is that those involved in the scheme attempted to extort other bitcoin ATM operators by requesting digital currency payments in return for protection. The complaint cites one bitcoin ATM operator who paid the demanded sum.

In total, the plaintiff reports that "approximately 70 bitcoin ATMs" have been smashed, including "nearly 20" operated by Bitcoin of America.

The complaint explains:

"Plaintiff has had bitcoin ATM machines smashed in both the Chicago and Detroit metropolitan areas. This is most frequently done by an individual using a hammer or other object to smash the screen on a bitcoin ATM, making it unusable for a significant period of time. The screen must then be replaced at significant expense before the smashed bitcoin ATM can be used again."

The defendants would then go on to offer to repair the broken ATMs owned by affected operators. Further, according to the complaint, the alleged scheme continues to this day.

"This scheme began approximately nine months ago and is on-going," attorneys for the plaintiff wrote.

Andrew Konja, according to the complaint, had run his own ATM business "which he sold or which was merged into Bitexpress", a reference to a Philadelphia-based ATM operator.

Bitexpress did not immediately respond to a request for comment.

http://www.brotherjohnf.com/peter-thiel-explains-hedge-funds-changed-mind-trump-says-age-apple/ - Peter Thiel Explains W...
12/01/2017

http://www.brotherjohnf.com/peter-thiel-explains-hedge-funds-changed-mind-trump-says-age-apple/ - Peter Thiel Explains Why Hedge Funds Changed Their Mind About Trump, Says “Age Of Apple Is Over”. --

zerohedge.com / by Tyler Durden / Jan 12, 2017 7:42 AM

Donald Trump’s sole Silicon Valley supporter, Peter Thiel, has been notoriously media shy (recall he personally funded the destruction of Gawker for “outing” him), so when the NYT’s Maureen Dowd posted an extensive interview with the Paypal cofounder and first Facebook investor, many were curious for insight into his thinking. In the interview, Thiel spoke candidly about how he views the world, just a week before Trump’s inauguration, and while he touched on many topics, some that stood out to us were the following.

On why rich people and hedge fund managers changed their opinion of Trump virtually overnight:

“Somehow, I think Silicon Valley got even more spun up than Manhattan. There were hedge fund people I spoke to about a week after the election. They hadn’t supported Trump. But all of a sudden, they sort of changed their minds. The stock market went up, and they were like, ‘Yes, actually, I don’t understand why I was against him all year long.’”

It remains to be seen what “they” think of Trump once the market suffers its next correction.

READ MORE

The post Peter Thiel Explains Why Hedge Funds Changed Their Mind About Trump, Says “Age Of Apple Is Over” appeared first on Silver For The People.

--(Published @ January 12, 2017 at 12:30PM by www.bitcoins.am™ Instant Real-time Bitcoin News Aggregation Source- From: )

zerohedge.com / by Tyler Durden / Jan 12, 2017 7:42 AM Donald Trump’s sole Silicon Valley supporter, Peter Thiel, has been notoriously media shy (recall he personally funded the destruction of Gawker for “outing” him), so when the NYT’s Maureen Dowd posted an extensive interview with the Paypal cofo...

05/01/2017

"...
Bitcoin hit an all-time high Wednesday, according to Bloomberg data, thanks to continued adoption in China and other parts of the world where traditional currencies are tightly controlled.
The digital currency, which just turned eight years old, reached $1,140.64, which was higher than the $1,137 it hit in November of 2013. In December, bitcoin also surpassed its previous all-time high in total market capitalization, which now exceeds $16.1 billion..."
https://www.bloomberg.com/news/articles/
2017-01-04/bitcoin-hits-an-all-time-high-as-currency-controls-drive-fear

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

04/01/2017

Hardware wallet manufacturer KeepKey is offering 30 Bitcoins ($30,400) as a reward for the capture of a hacker who gained access to emails and customer information on Christmas Day.
CEO: email, phone compromised
CEO Darin Stanchfield reported that his email address and phone account had been “compromised,” and was seeking support from tech experts. In a subsequent blog post on New Year’s Eve, Stanchfield went into detail about the hack, which KeepKey engineers managed to contain.
“Around 9:00 pm PST, an attacker was able to activate a new phone under my PIN-protected Verizon account,” he wrote. “They used this access to conduct an account recovery on my email account. The hacker immediately began resetting accounts linked with that email.”
A hair-raising few hours then ensued, with engineers talking to the aggressor by telephone while working to shut down and reset compromised accounts behind the scenes.
Momentary access to customer information
Through accessing Stanchfield’s email, the hacker was able to take control of KeepKey’s Twitter handle, which remains out of reach.
“The attacker was able to temporarily access one of our sales distribution channels, a vendor we use for shipping and logistics, and our email marketing software account. This means he momentarily had access to a portion of our customer data which included addresses, emails and phone numbers,” Stanchfield’s blog post continues.
With the exception of the Twitter account, all compromised domains are now back under KeepKey’s control.

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