Microsoft Launches Ethereum-Powered Blockchain Platform

With its partnership with software production studio ConsenSys, Microsoft has launched an enterprise solution in the form an ethereum-powered blockchain. The platform will be available to customers of Microsoft’s cloud-based platform – Azure. Computing behemoth Microsoft has confirmed the launch of its previously announced cloud-based blockchain platform. With the reveal, Microsoft now notes the new technology will specifically help financial institutions with tools to experiment with blockchain technology on its Azure platform. The news was revealed during the currently ongoing DevCon conference put together by Ethereum in London, reports Reuters. …

Global Economic Outlook: Social Mood Change in Europe

Heading into the final months of 2015 and the themes for the immediate future of the global economy are clear: rates increases, liquidity crises, austerity in Europe and a limping-along China. Today’s GEO explores some of the already-visible symptoms. 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 Sun 8 November China Trade balance (actual:393B expected:367B previous:376B) Mon 9 November N/A Tue 10 November New Zealand RBNZ Financial …

Bitcoin Price Takes a Fall to Hit a Low of $300

The Bitstamp Price Index took a steep drop to hit a monthly low of $300.30, a figure struck near 03:00 UTC, November 11th. Yesterday, the price of bitcoin opened at $377.90 UTC to see a steady decline through the day before taking a steep fall at 20:00 UTC, from $352.40 to $332.07 at 22:00 UTC. The Bitstamp Price Index started 11/11 at $336.73 before dropping to a monthly low three hours later at $300.30. At the time of publishing, the Bitstamp Price Index was …

Researcher Has Bitcoin Stolen off His Back in a Public Experiment

How vulnerable is bitcoin to physical theft? It’s a question many bitcoiners don’t ask a lot since it’s hard to imagine how someone could steal a non-physical currency. But if account information is physically visible, cryptocurrency theft is a real possibility, according to a recent test by Tal Newhart, a Chicago-based business strategy and recruitment specialist who has been involved with bitcoin since 2011, according to PRNewswire. Newhart decided to test what would happen if bitcoin account information was left out in the open physically after one of his clients, …

Financial Times Writer Calls Bitcoin A “Pyramid Scheme”

Dan McCrum was only mostly wrong in his factual assertions about Bitcoin recently. It was a bit sad to see someone demonstrate such little actual understanding, but deliver such an offensive opinion about Bitcoin. To his credit, McCrum did interview at least one mining pool operator for his article, but nevertheless managed to even get that person consider the idea that Bitcoin is a pyramid scheme. This idea has been debunked for so many years that it’s irrelevant. But here we are: Bobby Lee, head of BTCC, the largest bitcoin …

Bitcoin Price Falls Just Too Far

Today bitcoin price broke below long-term (1-day chart) horizontal support at 2300 CNY and $360 (Bitstamp). It appears that downtrend may resume, but an important barrier remains to the downside. 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: 15h36 UTC BTC-China 1-Hour Chart From the analysis pages of xbt.social, earlier today: Prior analysis, expected price to decline to this level …

HSBC: Blockchain Technology Could Help Central Banks’ Policies

UK-based banking giant HSBC sees blockchain technology to benefit state-installed central banks, institutions that are tasked and responsible for a country’s economic growth and wellbeing. In a document obtained by Business Insider, HSBC sees the potential of blockchain technology to transcend private and investment banks and influence or even enhance central banks’ policies. The publication reports that HSBC sees central banks’ current method of helping the economy through interest rates has a few drawbacks. Notably, there’s no guarantee of the money pumped into the real economy as the choice rests …

Crypto-Currency Only Artist Organizes Charity Auction For Ailing Dorian Nakamoto

A charity auction for Dorian Nakamoto features art pieces by well-known Bitcoin-only artist Crypto Graffiti, whose work explores cryptocurrencies and the big banks he believes Bitcoin undermines. The pseudonymous artist is the first to use a public-facing bitcoin wallet for donations for street art. His work can be seen in The Wall Street Journal and other publications. After Newsweek claimed it had found Bitcoin creator Satoshi Nakamoto, a media whirlwind circled Dorian Nakamoto, who until this day denies being Bitcoin’s founder. Nakamoto claimed his world was turned upside down and …

Bitcoin-Friendly NextBank Accepts Early Registrations Following $950,000 Investment

NextBank, which claims to be the first bitcoin-friendly bank and is scheduled to open in 2016, announced it is accepting early registrations after receiving a $950,000 investment. Most of the investment is from founder Dim Voloshinsky, who is also the owner of London, U.K.-based Instaglobal Limited, which operates the exchange Bitcoins123.com, according to PRNewswire. Voloshinsky pledged $600,000 USD while an angel investor contributed $330,000 at the end of October. A NextBank account can be opened for free at http://nb.vu with no obligation. The First Bitcoin-Friendly Bank NextBank will …

New York Exchange itBit Wins 10,000 BTC in Silk Road Auction  

New York exchange itBit has revealed it successful bit for and won five auction blocks during last week’s bitcoin auction conducted by the United States Marshals Service (USMS). The U.S. government held its final auction of seized bitcoins from Darknet drug market Silk Road on Thursday, last week in an event that saw the sale of 44,341 BTC. With a total of 21 blocks, 20 auction blocks contained 2,000 BTC with one additional block of 2,341 BTC. At the time of announcing the auction, a notice from the USMS …