Bitcoin Roundup April 26, 2016

A Bitcoin Exchange Just Got Approval to Operate Across the EU | WIRED

FIFTEEN MONTHS AGO, hackers lifted more than $5 million from the bitcoin exchange operated by Bitstamp, a Slovenian company that aspired to push the digital currency across Western Europe. The hack wasn’t nearly as large or as devastating as the one that pilfered $460 million from Mt. Gox and sent the Japan-based exchange, then one of the world’s largest, spiraling into bankruptcy. But it was yet another black eye for bitcoin, the digital currency that holds so much promise as an alternative to fiat currencies but has never really broken into the mainstream. 

Bitcoin Hits Four-Month High in Push Past $460 – CoinDesk

The price of bitcoin reached an inter-day high of $464.24 today to reach its highest total in more than four months.

The news comes as the digital currency built on the previous week’s gains, when it broke past the$450 mark on renewed optimism that a solution to the network’s perceived transaction capacity issues may be forthcoming.

So far today, the bitcoin price has mostly moved within a tight range between $458 and $461. The digital currency reached a low of $455.99, but had recovered to $463.86 at the time of report. 

Report: Using Bitcoin is Legal in India

Similar to most countries in the world, there is no law against cryptocurrency or its usage in India. That can only be seen as a positive aspect for future Bitcoin adoption growth, though, considering how consumers are skipping credit cards and going straight to mobile and peer-to-peer payment solutions.

However, that does not make Bitcoin legal by default, as no law against something doesn’t mean it is acceptable to do a particular thing. Governments all over the world are trying not to ban Bitcoin in their country, as it would stifle FinTech innovation. No one wants to be left out in the future financial services and technology arms race, and cryptocurrency plays an integral part in that process. 

Bitcoin Price Analysis — Houston, we have liftoff » Brave New Coin

The technical setups posted below use simple trend detection, support and resistance, channels, pattern and candle analysis. We aim for high-probability trade setups on BTCUSD and use very few indicators. All charts use BNC’s Bitcoin Liquid Index for maximum accuracy. 

Nobody Cares About Your Early Bitcoin Adopter Status – CCN: Financial Bitcoin & Cryptocurrency News

Nobody cares when or what price you first bought Bitcoin. Many people use this as a refrain to establish their legitimacy, but it highlights a paucity of other things which to discuss. It’s an “I” centric statement that degrades the overall discussion around Bitcoin. 

What The South African Reserve Bank thinks of Bitcoin | News24

“Of late, corporations like Microsoft, Dell and Expedia are amongst a host of corporations that have begun to accept payments in Bitcoin. Central banks of various countries, including India’s Reserve Bank, have acknowledged Bitcoin as a currency of the future.” 

Leading Japanese bitcoin exchange raises $27m- Nikkei Asian Review

Top Japanese bitcoin exchange operator bitFlyer has raised around 3 billion yen ($27 million) in new capital, one of the largest procurements by a financial technology company in this country.

The fresh capital will go toward tasks such as research and development of blockchain technology, the base on which virtual currencies are built. Shares were issued Monday via third-party allotment to investors including funds run by Tokyo-based Venture Labo Investment and SBI Investment. BitFlyer’s capital now totals nearly 3.9 billion yen. 

Indian Bitcoin Company Unocoin Launches Merchant PoS Mobile App – EconoTimes

Unocoin , an India based Bitcoin startup, has announced the launch  of its merchant point-of-sale mobile app, called “Unocoin PoS” for both Android and iOS devices, which will make it easier for physical stores in India to accept bitcoin for products and services.

Founded in 2013, Unocoin became the first Indian Bitcoin start-up to be funded internationally  in August 2014 with an investment of US$250,000 from Barry Silbert, founder and CEO of Digital Currency Group. 

Bitcoin Added To Merriam-Webster Unabridged Dictionary – CCN: Financial Bitcoin & Cryptocurrency News

Alongside 14,000 terms and phrases, Bitcoin has been added to the Merriam-Webster Unabridged. The company has also revised, updated and enhanced hundreds of entries. Many of the words added to Unabridged have been used in popular culture for much longer than Bitcoin.

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