Tag Archives: bitcoin

Bitcoin new safe heaven ?

The lack of trust in the custodians of fiat money has provided a fertile context for the rise of Bitcoin, the ultimate digital alternative store of value as against mainstream, central bank managed currencies like the US dollar, sterling and the euro.

Ever since advanced market central banks began rolling the printing presses, the warnings from various quarters foretelling the implosion of fiat currencies have been getting louder and louder.

For International Monetary Fund (IMF) CEO Christine Lagarde, the unconventional measures taken by central bankers – such as the Fed’s quantitative easing (QE) and zero interest rate policy (ZIRP) and the ECB’s Long Term Refinancing Operation – have been key to preventing a re-run of the Great Depression.

http://www.economywatch.com/features/can-bitcoins-be-a-global-reserve-currency.07-02.html

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    Read what @johngapper write in @ft Bitcoin is being forced to grow up fast. The arrest last week on money laundering charges of Charlie Shrem, a leading Bitcoin champion, coincided with a regulatory hearing in New York to consider what on earth it is – a virtual currency, speculative asset or…
    Tags: bitcoin, money
  • 66
    Here’s what to look for from the Federal Reserve Bank of Kansas City’s annual economic symposium in Jackson Hole,Wyoming, which runs Aug. 21-23. -- Yellen’s keynote: The highlight will be Fed Chair Janet Yellen’s speech Aug. 22 on labor markets at 10 a.m. New York time. She’ll probably reiterate the Fed’s view…
    Tags: fed, bank, market, euro, policy, dollar, ecb, central
  • 55
    The European Central Bank announced some measures to ease monetary policy two weeks ago. The euro had been on a downtrend since May and by these measures the ECB increased its support to the economy. The result? Two weeks later, EUR/USD stabilized just above 1.35. This week’s Eurozone economic calendar…
    Tags: euro, measures, policy, bank, monetary, central, rate, fed, easing, ecb
  • 54
    Very low inflation poses a mounting threat to the economic stability of the eurozone. The rate of consumer price inflation has been below 1 per cent since October, and hence far below the European Central Bank’s (ECB) target of just below 2 per cent. This highlights the degree of weakness…
    Tags: ecb, quantitative, qe, easing, unconventional, monetary, policy, central, bank, rate
  • 54
    The world’s major currencies, which had traded in a relatively stable range, are now in motion -- buffeted by different regional growth and interest rates as well as a simmering brew of geopolitical tensions. Differences are particularly noticeable between the U.S. and Europe, and how far apart currencies in those…
    Tags: monetary, currencies, euro, dollar, policy, ecb, gard, interest, bank, central

Bad day for Bitcoin at Mt. Gox.

Mt. Gox “temporarily pause on all withdrawal requests” 

This a warning sign for me !

Dear MtGox Customers,

In our efforts to resolve the issue being encountered by various bitcoin withdrawals, it was determined that the increase in the flow of withdrawal requests has hindered our efforts on a technical level. To understand the issue thoroughly, the system needs to be in a static state.

In order for our team to resolve the withdrawal issue it is necessary for a temporarily pause on all withdrawal requests to obtain a clear technical view of the current processes.

We apologize for the sudden short notice. All bitcoin withdrawal requests will be on pause, and the withdrawals in the system will be returned to your MtGox wallet and can be reinitiated once the issue is resolved. The trading platform will perform as usual for the needs of our customers. 



Our team will resolve this problem as soon as possible and will provide an update on Monday, February 10, 2014 (JST).



We deeply apologize for the inconvenience caused, and thank you for your kind support and considerations. 


Sincerely,

The MtGox Team

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    While Sweden’s large mining-equipment companies are suffering from low demand, another type of mining there has struck gold. Sweden’s KnC Miner—a company that makes powerful computers solely built to create bitcoins—Thursday said it is establishing a huge data center in Boden in the northernmost part of the Scandinavian nation to…
    Tags: bitcoin
  • 10000
    Read what @johngapper write in @ft Bitcoin is being forced to grow up fast. The arrest last week on money laundering charges of Charlie Shrem, a leading Bitcoin champion, coincided with a regulatory hearing in New York to consider what on earth it is – a virtual currency, speculative asset or…
    Tags: bitcoin
  • 70
    Once more is Bitcoin falling .... Bitcoin Latest Price: $458.77, down 6.9% (via CoinDesk) Crossing Our Desk: - Bitcoin prices on Monday plunged – on a single exchange – in what’s being called a “flash crash” of the digital currency, after what appears to be a cascading series of trades that occurred in rapid…
    Tags: bitcoin, trading
  • 70
    Predicting big market crashes is a difficult business, many would say impossible. A pair of physicists - drawing inspiration from the market for bitcoin, no less -might be on to something. They turned to the bitcoin market because it has a unique feature, perhaps related to the fact that it is still…
    Tags: bitcoin, trading
  • 54
    How a Swedish politician won an election using Bitcoin donations only.   Over the past years, many politicians have run Bitcoin-centric campaigns; however,  they have not succeeded in reaching centralized higher political office. Mathias Sundin, who won the recent Swedish parliamentary elections, holds the world record in making it using…
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What is Bitcoin for you ? A currency ?

Read what @johngapper write in @ft

Bitcoin is being forced to grow up fast. The arrest last week on money laundering charges of Charlie Shrem, a leading Bitcoin champion, coincided with a regulatory hearing in New York to consider what on earth it is – a virtual currency, speculative asset or a means of exchange?

Bitcoin allows one person to hand a token of value to another securely, with no intermediary

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  • 89
    Who cares about Satoshi Nakamoto? Someone else has made Bitcoin what it is and has the most power over its destiny. In March, a bewildered retired man faced journalists yelling questions about virtual currency outside his suburban home in Temple City, California. Dorian Nakamoto, 64, had been identified by Newsweek as the…
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  • 84
    The Bitcoin Foundation said the Mt. Gox Bitcoin exchange in Tokyo is to blame for technical faults that prevented customer withdrawals of the virtual currency that lost as much as 21 percent of its value today. “The issues that Mt. Gox has been experiencing are due to an unfortunate interaction between Mt.…
    Tags: bitcoin, currency, exchange, virtual
  • 69
    The alternative currency has been plagued by hacks, ponzi schemes and increasingly professional thefts since 2011, explains Alex Hern Sometimes it seems like not a week goes by without news of some bitcoin service getting hacked and losing everything. Thankfully, such attacks are rarer than that. But given the size…
    Tags: bitcoin, currency, week
  • 68
    With the price of bitcoin seemingly on the up and up, there’s no shortage of conversation on the topic of where the price goes from here. There’s seemingly no shortage of optimism, either, with the value of bitcoin up a whopping 18 percent in the past week. Hedge fund Laureate BVI is…
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A Bitcoin Mining Center for Sweden

While Sweden’s large mining-equipment companies are suffering from low demand, another type of mining there has struck gold.

Sweden’s KnC Miner—a company that makes powerful computers solely built to create bitcoins—Thursday said it is establishing a huge data center in Boden in the northernmost part of the Scandinavian nation to offer spare bitcoin-mining capacity.

WSJ.com

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    Bitcoin prices are all out of whack. Mtgox cratering. pic.twitter.com/exe8Bwl6cG
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    With the price of bitcoin seemingly on the up and up, there’s no shortage of conversation on the topic of where the price goes from here. There’s seemingly no shortage of optimism, either, with the value of bitcoin up a whopping 18 percent in the past week. Hedge fund Laureate BVI is…
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  • 57
    One of the basic ideas behind Bitcoin is that it exists outside the control of any centralized power. That no longer seems necessarily true. GHash.IO, a particularly powerful organization of Bitcoin miners, turns out to have at times controlled more than half of all Bitcoin mining activity—a development that some think poses…
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  • 57
    Government regulators around the world have spent the last year scrambling to prevent bitcoin from becoming the currency of choice for money launderers and black marketeers. Now their worst fears may be about to materialize in a single piece of software. On Thursday, a collective of politically radical coders that…
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  • 56
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    Tags: bitcoin