Bitcoin Roundup June 10, 2016

The Rise and rise of Bitcoin – Al Jazeera English

Daniel Mross is a computer programmer from Pittsburgh, who – along with balancing work, marriage, and raising three boys – spends much of his time involved in everything related to Bitcoin. 

On Sir Richard Branson’s Necker Island, ‘Bitcoin Illuminati’ Reassess Blockchain Strategies – Forbes

On Monday night, about 40 people were scattered on Balinese and Javanese teak and bamboo furniture in a room with soaring ceilings decked out with a bar, a pool table, bembe drums and ocean views on three sides. 

New Orleans Sees a New Bitcoin ATM from Coinsource – CCN: Financial Bitcoin & Cryptocurrency News

Coinsource, a leading Bitcoin ATM network, has expanded its distribution of ATMs by setting up its first bitcoin ATM in New Orleans, Louisiana, in addition to new machines in Newark and Jersey City, New Jersey, with the total number of Coinsource bitcoin ATMs on the East Coast rising to 15. 

Chinese Bitcoin Mining Firm Canaan Acquired for $422 Million – CCN: Financial Bitcoin & Cryptocurrency News

It makes for a notable business deal in the bitcoin mining industry, perhaps the most notable yet. Beijing-based Canaan Creative, known for its bitcoin mining chip brand Avalon is being acquired for a reported ¥3.06bn (approximately $466 million) in what clearly sets a milestone as the biggest acquisition in the industry to date. 

Bitcoin Price Technical Analysis – Head and Shoulders in the Making?

Bitcoin price might be in for a larger drop based on the short-term reversal formation but technical indicators are giving a different signal. 

6 Investments Traders Say Will Rally: Bitcoin, SolarCity, Swiss Francs and More – TheStreet

Bitcoin and Manchester United (MANU)  are going to soar, at least according to what traders have been saying at Tradebird, a social trading app. It’s important to know what real traders think, because it can provide clues about the future direction of currencies, stocks and commodities. 

Bitcoin Exchange Owner Extradited Following Cybercrime Indictment – CoinDesk

Two individuals tied to the now-defunct US bitcoin exchange have been extradited to the US from Israel, prosecutors announced today. 

Bitcoin Price Intermediate Correction – CCN: Financial Bitcoin & Cryptocurrency News

Bitcoin price has begun to slowly lose altitude below $580 (Bitstamp). As usual, exuberant buying continues at the wave top, so upward spikes may still form. Analysis looks for the initial confirmation of a downward price correction. 

Venture Capitalist: Banks Are Oblivious to Bitcoin’s Best Feature – CCN: Financial Bitcoin & Cryptocurrency News

Investor Fred Wilson, co-founder of Union Square Ventures, thinks banks are missing the most important opportunity bitcoin offers by building private blockchains. 

BitSpark Brings Bitcoin Remittance Services to Malaysia

Malaysia seems to be warming up to the concept of Bitcoin and Fintech as of late. Thanks to a new partnership between Bitspark and Vitaxel Group, Bitcoin remittance will be coming to the Malaysian market very soon. 

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