I am fascinated by Bitcoin.
It gives a glimpse into the future architecture of money and finance, one that is very different to today. Understandably, the Banking industry dismisses it. Bitcoin has caught it off-guard, and it neither likes nor wants it. Instead, it is focussing on its underlying technology, the “blockchain”, “distributed ledger technology”, or the “distributed consensus ledger (DCL)” as I prefer to call it.
Meanwhile, Bitcoin continues serenely on.
The key metric I watch is the daily transaction count. This averaged 197 thousand transactions per day in March 2016, up 101% on March 2015. I am open-minded … Read the rest
Bitquare, the decentralized bitcoin exchange, is going to officially launch its beta version on April 27, 2016 during the Fab Lab in Barcelona.
During the event, Manfred Karrer, founder and developer of Bitsquare, will explain why a decentralized Bitcoin exchange is needed and how to build it.
The exchange boasts of several key features which substantially differentiates it from other existing exchanges. Firstly, it does not hold any bitcoins – they are held in multisignature addresses rather than a Bitsquare-controlled wallet. In addition, it also does not hold any national currency, rather it is transferred directly from one trader to
Since its introduction, bitcoin’s price has never been the hallmark of stability. It has proven itself to be a highly volatile digital currency which has recently shown some signs of stability in its value. The value of bitcoin is currently hovering at the $440 range, which is considered to be less than its estimated value at the moment.
The value of bitcoin has been in the $400 range since the beginning of this year. With lots of changes expected on the bitcoin network, we can expect these changes to have an impact on the value of the digital currency this … Read the rest
Zebpay, a mobile wallet for Bitcoins, has crossed trading turnover of Rs 100 crore. Currently, Zebpay has a total of over 30,000 users, who use the app to buy, sell, store and spend bitcoins. The company said 6,000 new users are added every month.
Zebpay was started in 2012 by Mahin Gupta. The company raised $1 million series A funding led by Arjun Handa and Amit Jindal, along with other investors. A report by PTI says that Zebpay deals with Indian customers only and it has made PAN number a must for users for opening of wallet.
The Android … Read the rest
Markets Weekly is a column analyzing price movements in the global digital currency markets, and the technology’s use case as an asset class.
The price of bitcoin broke past $450 this week, as markets rallied in response to perceived progress surrounding the network’s block capacity dilemma.
The price breakout, which took place as the digital currency surged more than 6% in the seven days through 12:00 UTC on 22nd April, ended the pattern of the last several weeks, when bitcoin fluctuated largely within a tight range.
“Traders have been watching the psychological price barrier of $450 for a long time,” … Read the rest
Lots of us are struggling to wrap our minds around that word “bitcoin.” We’re not quite sure what it is and why it’s a big deal, or if it’s just a scam. It’s not a scam, but it is still evolving, and probably not quite ready for primetime. That’s because it’s still volatile—there’s so little of it in use that it doesn’t take much to jerk the value of each bitcoin up and down—and because using bitcoin requires more effort right now than most people want to bother with. But if you still want want a simple … Read the rest