Bitcoin Roundup June 30, 2016

This A16z Startup is Building a ‘Virtual Galaxy’ for Bitcoin Nodes – CoinDesk

Some have said that bitcoin can be thought of as digital property, akin to a kind of virtual gold. If so, this description then raises the question – can technology be used to create entirely digital landscapes? 

Bitcoin Price Technical Analysis – Triangle Breakdown!

The 100 SMA is below the 200 SMA so the path of least resistance is still to the downside. In addition, these moving averages held as dynamic inflection points and pushed bitcoin price down. 

Kraken Acquires Dutch Bitcoin Exchange CleverCoin – CCN: Financial Bitcoin & Cryptocurrency News

San Francisco-based bitcoin exchange Kraken has acquired CleverCoin, a Dutch bitcoin exchange based in Eindhoven. The acquisition is only the latest addition to Kraken’s growing presence globally, having acquired New York-based Coinsetter and Canadian exchange CAVirtex in January this year. 

$22 million worth of Bitcoin sold in Australian-first auction – CCN: Financial Bitcoin & Cryptocurrency News

Financial services firm Ernst & Young oversaw the closed international auction, which was open to bidders from 20 June and ended 21 June, who supplied a deposit amounting to A$338,698 ($250,000) in addition to meeting other financial requirements. 

Australian bitcoin auction nets $22m

Ernst and Young transactions partner Adam Nikitins said multiple bidders claimed 24,518 units of the digital currency during the auction, which was only the second-ever globally, between June 20-21. 

Paris Politician Wants to Ban Bitcoin – CCN: Financial Bitcoin & Cryptocurrency News

Paris politician Bernard Debré, the deputy of the National Assembly of France and a member of the Union for a Popular Movement in Paris, has stated that Bitcoin should be banned in the city, according to a local report

Could Brexit be a boon for Bitcoin?

While Britain’s decision to exit the European Union hasn’t been great for the British pound, it may be having a beneficial effect on Bitcoin. 

What exactly is a bitcoin?

Bitcoins were designed by an unknown person, or persons, known as Satoshi Nakamoto in 2009. They’re hidden in an encrypted computer program, from which they’re mined by computers. 

TSYS Breaks Down Bitcoin Misconceptions |

Russell Moore, Director of Innovation at TSYS, agrees that it’s been misused in a myriad of ways, but feels that bitcoin and other cryptocurrencies offer merchants the chance to view payment processing in a new way. He gives PYMNTS a different take on the use of cryptocurrencies in payments. 

Is Bitcoin Money? Florida Judge to Decide | American Banker

Whether bitcoin is actual currency is at the forefront of a first-of-its-kind money-laundering case in Florida to be decided Friday. 

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: 


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