Bitcoin Roundup March 21, 2016

Bitcoin Price Technical Analysis for 03/18/2016 – Channeling Higher! – NEWSBTC

Bitcoin price has started a steady uptrend and might carry on, based on the new signals from technical indicators. 

Bitcoin finds room in small funds; large institutions still on sidelines – Times of India

igital currency Bitcoin has found favour among smaller investors, thanks to the availability of funds designed to invest in it, but remains a niche among the larger investing community.

Investors at some family offices, smaller mutual funds, and traders at hedge funds say Bitcoin has helped returns and demonstrated a low correlation with other asset classes. 

Report: Two Venezuelan Men Arrested for Mining Bitcoin – CCN: Financial Bitcoin & Cryptocurrency News

According to a local report, two men in the city of Valencia, capital of the state of Carabobo, Venezuela were arrested by the Bolivarian Intelligence Service, the primary intelligence agency in Venezuela. The arrests were made few days ago, for mining bitcoin.

Earlier this week on Monday, an article was published on a state-owned media outlet in Venezuela, one which summed up bitcoin as a currency used by criminals and terrorist groups. The article was published by Corporación Venezolana de Televisión or VTV, a public network and state-owned broadcaster directly under the purview of the administration of the ministry of Popular Power for Communication and Information, in Venezuela. 

Coinbase’s Armstrong Urges Switch To Bitcoin Classic To Fix Scaling Disaster – CCN: Financial Bitcoin & Cryptocurrency News

Brian Armstrong, co-founder and CEO of Coinbase, left the Satoshi Roundtable very concerned about bitcoin’s scaling challenge and is urging everyone to upgrade to Bitcoin Classic to buy time to address the scaling issue and prevent serious problems.

Writing on Medium, Armstrong summed up the scaling divide evident at the Satoshi Roundtable. On one side are the core developers concerned about how on-chain scaling will impact decentralization. On the other side are most bitcoin companies that want growth. The miners are split.

Conference organizers were hoping for a consensus, but it was clear by the end that the divide was too great. 

How the Bitcoin Blockchain Can Unlock the Internet’s Full Potential |

This week, Brian Forde, MIT Media Lab’s director of digital currency, breaks down how the Bitcoin and the blockchain could transform the way the world does business. Bitcoin is a digital currency created in 2008 and the blockchain its global public ledger, which records every Bitcoin transaction. Forde explains how money transfer is only one use of Bitcoin and the blockchain. Find out how the protocols can be used to make smart contracts, transfer physical assets from person to person like a house, and more.

Forde also explains how the blockchain could replace some repetitive work done by lawyers, insurance companies, and bankers and how the blockchain could usher in a new era of digital rights management that could change the music and media industry. 

How Washington State Became a Battleground for Bitcoin Mining – CoinDesk

That’s Michael Cao, CEO of bitcoin mining firm ZoomHash, one of a number of bitcoin miners currently involved in a months-long dispute over power costs with a public utility provider in Chelan County, Washington.

Cao isn’t alone. Other bitcoin miners in the region say they were drawn by promises of cheap power, a circumstance that’s now subject to possible change.

Washington state is home to some of the cheapest power sources in the US, a circumstance that, in recent years, has drawn more than a few entrepreneurs hoping to establish profitable bitcoin mines. 

State Regulation Changes the Game for Bitcoin Sellers in New Hampshire – CoinDesk

If you sell or trade bitcoins in the state of New Hampshire, you’ve probably heard the big news: as of January 1st, 2016, bitcoin sellers are considered money transmitters under New Hampshire law, and must be licensed and bonded as such.

With this legislation, New Hampshire is following the lead of the federal government, which is leading the push to regulate bitcoin sellers as money transmitters.

Still, it’s come as a surprise to many that the home of the Free State Project, and the famously libertarian motto “Live Free or Die,” is one of the first states to adopt these regulations. 

COO Samson Mow: BTCC’s Support of Bitcoin Core is a No-Brainer – Coinjournal

BTCC COO Samson Mow has become a noted critic of the Bitcoin Classic team, and he was recently interviewed by Rob Mitchell on The Bitcoin Game. BTCC’s official stance is that they support the Bitcoin Core team in regards to the development of the Bitcoin protocol, and both Mow and CEO Bobby Lee were involved in a recent meeting in Hong Kong that resulted in an effective block in the activation of a hard fork to increase the block size limit to 2 MB via miners switching from Bitcoin Core to Bitcoin Classic. 

Coinbase’s Fred Ehrsam: Bitcoin Turns Finance Into a Software Problem | Bitcoin Magazine

On a recent episode of the 1776 Podcast, Coinbase co-founder Fred Ehrsam and1776 co-founder Evan Burfield discussed the concept of regulatory hacking in the context of Bitcoin.

Regulatory hacking is a philosophy that 1776, a business incubator based in Washington, D.C, has taken to heart, and the basic premise is to find new ways to change or circumvent regulations that slow down progress in certain industries. Ehrsam mentioned some of these industries during the podcast: 

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