Ukraine’s Largest Bank Helps Integrate Bitcoin as a Payment

PrivatBank, Ukraine’s largest bank by assets is now offering online retailers the ability to receive Bitcoin as a payment before directly converting it into fiat currency that is deposited into the merchant’s account, as reported by PSM7. Upon the completion of its testing, PrivatBank is now offering online retailers the means to obtain a settlement in Bitcoin. The announcement was made by Christina Karmazin, head of E-Commerce at PrivatBank at a conference in Kiev, Ukraine today. Ukrainian online publication Payspace Magazine, reported the news that was revealed at the “Cross-border …

Bitcoin Price Holding Steady around $360

Bitcoin price continues making controlled price wave around $360 as wider markets are swinging from this week’s price extremes. 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: The 1-hour chart has no specific signals – as has often been the case during the past few weeks. The implication …

Equibit Offers Pre-Mined Investment Opportunity In Decentralized OTC Securities Platform

The Equibit Development Corp. (EDC), which is building a block-chain-based securities register that manages OTC equity and offers the ability to use BTC-denominated dividends and distributions, is offering an investment opportunity. Toronto, Canada-based EDC plans to bring 1 million units of equity online and is offering investors an opportunity to purchase up to 200,000 preferred shares for 0.50 apiece USD and redeem them for an equivalent number of the pre-mined units. Chris Horlacher, Equibit CEO, believes the block-chain-based securities register will revolutionize OTC trading, CCN reported in August. Decentralized …

Blythe Masters Sticks with Blockchain over Top Barclays Banking Role

Digital Asset Holdings’ CEO Blythe Masters has reportedly turned down an offer for a top management position at Barclays to stick with her blockchain technology startup.  Blythe Masters, CEO of New York-based Digital Asset has turned down the chance to “run” Barclays’ investment banking division and chose to stay with her current blockchain-based startup Digital Holdings. Masters is among the most prominent figures on Wall Street and is known as one of the creators of the credit derivatives market. She left JP Morgan after 27 years with the bank …

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 …