Bitcoin Roundup June 29, 2016

Bitcoin more stable post-Brexit vote than pound, euro, says Blockchain CEO

With the Brexit hammering global equities and currencies, bitcoin hasbucked the trend, jumping almost 10 percent immediately post-Brexit, lending some legitimacy to the cryptocurrency. 

$22 million worth of Bitcoin sold in Australian-first auction

On Tuesday, financial services firm Ernst and Young announced it had successfully auctioned off 24,518 bitcoins. The bitcoins are worth around A$22 million ($16 million) by current value. One bitcoin is currently worth A$891.95 ($657.89) as at time of publication. 

British bitcoin market sent extraordinary signals ahead of the Brexit vote – Yahoo Finance

The price of the digital currency bitcoin rose 6.5% in the 24 hours directly after Britain voted to leave the European Union. And while the coin had already been on a ride over the two weeks before the vote (it’s up 25% in the last month), for a number of factors besides the Brexit, it is likely that uncertainty over the situation stoked interest in the cryptocurrency, which is seen as an investment asset uncorrelated to the broader economy. 

Kraken Continues Acquisition Spree, Buys Dutch Bitcoin Exchange CleverCoin | Finance Magnates

Kraken, already one of the largest cryptocurrency trading venues in the world, has taken over yet another bitcoin exchange  – Netherlands-based CleverCoin. This comes less than six months after Kraken acquired both Coinsetter and Cavirtex and entered the US and Canadian markets. 

Bitcoin Vs. Gold: Which Does Better In A Crisis? – Vocativ

Every time something causes the world’s markets to tremble—like on Thursday’s Brexit when the UK voted to exit the European Union—people buy gold.  

The Biggest Winners & Losers Of Bitcoin Gambling – CCN: Financial Bitcoin & Cryptocurrency News

Bitcoin gambling has increased over time. It represents an opportunity for players to make big money in the digital currency. The gambling space is one of the largest in Bitcoin. 

Brexit boost for Bitcoin if Euro tanks – IBS Intelligence

The UK’s vote to leave the EU could spark the decline of the Euro and in turn boost the value of Bitcoin. That’s according to Global Advisors Bitcoin Investment Fund (GABI) owner Russell Newton, and former JPMorgan commodities strategist, who wrote in an email to investors: 

Why Focusing on Bitcoin’s Customer Experience Matters – CoinDesk

In this opinion piece, Hagelstrom looks at how bitcoin can grow to mass adoption in a market full of digital payments systems run by tech and finance giants. While the choices are varied, one thing the industry needs is focus, he says. 

Taiwan Turning Out to Be a Bitcoin Tourist Destination – NEWSBTC

The adoption of Bitcoin can happen in the unlikeliest of places. Taiwan is one such place where the growth of digital currency has taken outsiders by surprise. 

Bitcoin buyers seek haven from British pound | Business Standard News

Demand surged for as a safe haven from the British pound, which plummeted after the UK voted to leave the European Union. 

Fixing Bitcoin’s Big UX Problem – CoinDesk

In this opinion piece, Svinkin argues that the bitcoin industry’s attempts to revamp the technology’s user experience have so far been misguided, and that they may have obscured the true value of the technology. 

Bitcoin and Blockchain Leading the Revolution in the Global Monetary System

A technology revolution is disrupting the financial services industry and could make digital currency and blockchain transactions commonplace in just a few years, financial technology and fintech experts argued in a session on the topic at the Annual Meeting of the New Champions 2016. 


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