Corporates, HNIs Warming Up to Bitcoins as an Alternative Investment in India

Bitcoin is drawing interest as an investment and store of value in India. Companies and high-net-worth individuals especially have begun looking to the cryptocurrency as a possible asset. Sandeep Goenka, CEO of India-based Bitcoin wallet Zebpay, explained to Business Standard that Bitcoin’s deflationary nature makes it appealing as an asset class: “one can park money in the wallet in the hope that the value of bitcoins would go up.” Zebpay is one of several major players on the Indian Bitcoin scene; others include wallet Unocoin and trading platform Coinsecure. …

Bitcoin Price May Head Lower Again

Bitcoin price headed higher earlier today, in what looked like a return to advance. However, there is a technical reason to believe that the current price correction is incomplete. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis Time of analysis: 14h30 UTC BTCC 1-Hour Chart From the analysis pages of xbt.social, earlier today: Price has found support at a long-term support and resistance level …

CFTC Commissioner Sees Blockchain’s Potential to Revolutionize the Financial Industry

A commissioner of the Commodity Futures Trading Commission (CFTC) has spoken about the inadequacies and inefficiency of the current “closed ledger” banking system. He adds that distributed open ledgers could revolutionize financial ecosystems while noting certain “disruptive” implications for the current financial industry and those who are a part of it. Commissioner J Christopher Giancarlo spoke about bitcoin and the blockchain in a wide-ranging lecture on Fintech and international finance at the Harvard School of Law on December 1st.  In a guest lecture that began with a disclaimer that his …

Global Economic Outlook: 2015 Year-End Market Positioning

Gold, the US dollar and euro all printed significant price extremes during this week as investors and speculators position in anticipation of the Fed rates announcement on December 16. We take a look some of the most interesting price charts. This post is powered by the Bitcoin Trading Network xbt.social – CCN29 and get 29USD off! Economic Indicators World Indexes and Forex Rates   Commodities In the Calendar This Week Monday November 30 Japan BOJ Gov Kuroda Speaks Japan Housing Starts y/y (actual: -2.5% expected: 2.5% previous: …

Goldman Sachs Has Big Predictions for the Blockchain

Goldman Sachs is bullish about blockchain, the underlying distributed ledger technology that powers the cryptocurrency – Bitcoin. Leading investment banking firm Goldman Sachs has – in a research note sent to clients today – raved about the decentralized platform by stating that “the Blockchain, can change…well everything.” In a report by Business Insider, the bank sent its “Emerging Theme Radar” note to clients on Wednesday. The note, titled ‘Themes, Dreams and Flying Machines’ has deemed that the blockchain is “taking center stage” these days, noting that it is pulling …

Bitcoin Price Support May Be Temporary

The bitcoin price decline halted at the BTCC 4-hour 200-period moving average. The market has spent most of the day milling around this area in the chart and, unless there is a surprise development, seems destined to resume decline. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis Time of analysis: 13h00 UTC BTCC 4-Hour Chart From the analysis pages of xbt.social, earlier today: The …

Goldman Sachs Files Patent For Securities Settlement With Cryptocurrency

Goldman Sachs has filed a patent application for a cryptographic currency called SETL Coin to be used for securities settlement. The application, which signifies the New York-based global bank’s growing interest in cryptocurrency, has been filed with the U.S. Patent & Trade Mark office. Paul Walker and Phil J. Venables, both of New York, N.Y., are listed as the inventors. The technology provides a virtual, multi-asset wallet for a traditional cash and securities account for an investor or trader. The technology facilitates transactions between non-virtual wallets and …

‘Glomads’ Marriage Marks First Official Act Of Estonia E-Residency/Bitnation

A marriage between two self-described “glomads” Tuesday marked the first official act by the new Estonia e-residency/Bitnation partnership. The marriage, for better or for worse, of Edurne Lolnaz and Mayel de Borniol will not be recorded anyplace else other than on the block chain. Bitnation recently agreed to extend its notarization services to Estonia’s e-residency program. The wedding was held Dec. 1 at 3 p.m. GMT. A party is planned for June 18, 2016 on the Island of Santorini, Greece, and there is an invitation form on the couple’s …

SEC Charges Josh Garza with Securities Fraud, Alleges Bitcoin Ponzi Scheme

The United States Securities and Exchange Commission (SEC) has today charged Homero Josh Garza, founder of GAW Miners and ZenMiner with securities fraud and conducting a Ponzi scheme. According to a press release by the SEC, Garza is alleged by the SEC to carry out the fraud through his two Connecticut-based companies GAW Miners and ZenMiner by falsely claiming to produce bitcoin hashing power that GAW did not own. The complaint was filed in the U.S. District Court for the District of Connecticut today. An excerpt from the SEC …

Bitcoin Trading: Frustrated Sell-Off

Bitcoin trading saw the bulls make a second unsuccessful attempt on the $380 and 2480 CNY level today. Frustrated, the market sold off to support at $355 and 2300 CNY. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Trading and Price Analysis Time of analysis: 14h30 UTC Bitstamp 1-Hour Chart From the analysis pages of xbt.social, earlier today: Price was sold off and found support at …