Bitcoin Roundup July 6, 2016


The Bitcoin Halving Will Trigger a Fear of Missing Out – CoinDesk

Akin Fernandez is the owner of bitcoin voucher service Azteco and an active technology blogger under the pen name ‘Beautyon’. 


Donald Trump Presidency Could Be a Boost to Bitcoin – CoinDesk

Global concern over the possible election of Donald Trump, along with other macroeconomic concerns, could lead to a massive jump in bitcoin transactions, according to a new report. 


Bitcoin Price Watch; A Return To Action Ahead!

Perhaps unsurprisingly, action overnight in the bitcoin price was relatively muted. The federal holiday in the US led to a pretty soft volume level, and this eradicated any real chance of sustained momentum. 


Bitcoin Core Developeres Comment on The DAO Disaster

In the fallout of the recent disaster known as The DAO, the Ethereum community is trying to figure out how to properly rectify the situation. Code that would allow miners to signal support for a hard fork for the purpose of refunding DAO token holders is expected to be available in most Ethereum clients soon. 


Citibank: Bitcoin Won’t Disrupt Payment Networks, but Changes Are Coming – CCN: Financial Bitcoin & Cryptocurrency News

The report notes the growth of bitcoin mobile apps in developing countries but sees regulations rising that put them in question. It claims existing payment systems are generally efficient. The report also talks about Ripple and Ethereum as well as government-backed digital currencies.  


Abra Bitcoin Remittance App Enters US Market | PYMNTS.com

What that means is that Abra customers in the U.S. or the Philippines can send money to each other using the app’s digital wallet that works with their bank accounts. The company noted in its release that this is the first move in helping it expand globally. 


Bitcoin Sees Strict Rule Proposals by the European Commission – CCN: Financial Bitcoin & Cryptocurrency News

Citing reasons of terrorism and money laundering, the European Commission has proposed stricter rules for the use of virtual currencies, an official press release revealed today. 


Bitcoin Tracker Certificate Issued on Swiss Exchange – CCN: Financial Bitcoin & Cryptocurrency News

Global private and investment banking institution Vontobel will become the first Swiss issuer to offer a bitcoin tracker certificate for subscription. 


Chinese Investors are Flocking to Bitcoin Due to Fear of Inflation – CCN: Financial Bitcoin & Cryptocurrency News

A recently published article of Joe Zhang’s in the South China Morning Post highlights the fact that while the Chinese government is cautious about Bitcoin there are in fact plenty ofactive exchanges in the country with a large number of Chinese individuals taking part. 


Bitcoin Price Bumped Down By $680 Resistance – CCN: Financial Bitcoin & Cryptocurrency News

Bitcoin price is being rejected by the prevailing $680 support and resistance level. The outlook remains that a consolidation is underway – prior to lift-off, but we keep a weary bearish eye on critical support just below price. 


Bitcoin loves the current political and economic instability | ITProPortal.com

Bitcoin’s transaction value has increased drastically over the past year, mostly because of both political and economic instability we’ve been witnessing in the past few years, according to a new Juniper Research report. 


Heifer International starts accepting bitcoin donations via BitPay – EconoTimes

Heifer International, a charity organization working to end hunger and poverty around the world, hasannounced that it is accepting bitcoin donations through a partnership with leading bitcoin processorBitPay


When Will Bitcoin Finally Get Better Privacy? | Blockchain Agenda with Inside Bitcoins – News, Price, Events

Although the media often hypes up Bitcoin as an anonymous, untraceable form of digital cash, the reality is that the blockchain is in desperate need of better privacy features. Earlier this year, the Open Bitcoin Privacy Project describe the sad state of privacy in bitcoin wallets in the second edition of their Bitcoin Wallet Privacy Rating Report


“With Bitcoin, We’re Sending a Message,” Says Swiss Town Mayor – CCN: Financial Bitcoin & Cryptocurrency News

Fintech-friendly Zug, a picturesque and serene town on the banks of lake Zug made headlines in May after gaining the distinction of the first municipality or locality in the world to accept bitcoin. 


Former Federal Agent Shaun Bridges Allegedly Stole Even More Bitcoin | Finance Magnates

It looks like the corrupt secret service agent Shaun Bridges either wants to get more time in jail or that he is simply too greedy to stop himself even after already being caught. 


Zugs bitcoin pilot project kicks off – EconoTimes

According to latest reports, the residents of the city of Zug, Switzerland can now pay their fees in digital currency bitcoin. With this, Zug, also known as “Crypto Valley”, has become the first locality in the world to accept bitcoin payments. 


Bitcoin Price Consolidating At $650 – CCN: Financial Bitcoin & Cryptocurrency News

Bitcoin price has returned to above its 1hr 200MA and the interim correction to $650 (Bitstamp) appears complete. It is unlikely that price will fling straight into advance and more likely that bitcoin price first does what it does most often: consolidate prior to the next wave of advance. 


The Time Has Come For The SEC To Say That Bitcoin And Its Look-Alikes Are Securities | Seeking Alpha

The question of whether Bitcoin is a security for purposes of the U.S. securities laws has been around since the so-called crypto-currency first came on the scene.  


CoinReport Is the Bitcoin Halving Half full or Half Empty? – CoinReport

It’s that time again. Time to spin the wheel of predictions and see where the needle lands. Will the price increase? Will the price decrease? What about the fundamentals? Will China buy more bitcoins because of capital controls?  


Chinese Bitcoin App BitKan Adds Over-the-Counter Trading Feature

The Chinese company BitKan, which launched in 2013, has added an OTC (over-the-counter) trading feature to its app available for overseas markets. The feature is already popular in China. 


Bitcoin Price Sell-Off To $650 – CCN: Financial Bitcoin & Cryptocurrency News

Bitcoin price made a corrective high at $705 (Bitstamp) and was then sold off to $650 for the duration of the day. What the market does next will determine trend for the next week. 


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