Monthly Archives: November 2013

46 Bitcoin APIs: Bitstamp, Bitcoin Charts Markets and 50BTC

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“Our API directory now includes 46 bitcoin APIs. The newest is the Btc.to API. The most popular, in terms of page visits, is the BitStamp API. Below you’ll find some more stats from the directory, including the entire list of bitcoin APIs.  In terms of the technical details, REST and JSON lead the way. There are 33 bitcoin REST APIs and 2 bitcoin JavaScript APIs. Our directory lists 36 bitcoin JSON APIs and 5 bitcoin XML APIs. The most common tags within bitcoin are 34 currency bitcoin APIs, 26 financial bitcoin APIs and 22 exchange bitcoin APIs.  Bitcoin APIs have only appeared in our directory relatively recently, with 39 having been added in the last calendar year.”

http://blog.programmableweb.com/2013/06/11/46-bitcoin-apis-bitstamp-bitcoin-charts-markets-and-50btc/

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The Greatest Opportunity in 30 Years

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“Today, the XAU/gold ratio is at a historic low of 0.07.  To fully appreciate what this means, look at these former lows for comparison:  It’s lower than the 2008 gold stock selloff; It’s lower than the “nuclear winter” of the mid-’90s; It’s lower than the very beginning of the gold bull market in 2001. Right now, gold stocks are like a rubber band that’s being stretched to an extreme. As all rubber bands do, itwill snap back. And not just that; based on how extreme the undervaluation has become, they’re bound to be among the most profitable investments of this generation.”

http://www.caseyresearch.com/cdd/the-greatest-opportunity-in-30-years

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$4.1m goes missing as Chinese bitcoin trading platform GBL vanishes

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“Bitcoin is surging in China, but the explosion in digital currency trading has been accompanied by possible fraud and theft.  GBL, a Chinese bitcoin trading platform that claimed to be based in Hong Kong, recently shut down – an event that might not be worthy of note had ¥25m ($4.1m) worth of users’ money not disappeared with it. The company appears to have launched in May 2013, with its domain btc-glb.com registered on 9th May and a post later that month by Bitcoin Talk forum user zhaoxianpeng promoting the site.”

http://www.coindesk.com/4-1m-goes-missing-chinese-bitcoin-trading-platform-gbl-vanishes/

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Brooklyn Bodega Owner: Why Merchants Should Start Accepting Bitcoin

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“Lee makes a good case for why it’s actually pretty great for retailers. ‘There are lower fees, and you don’t have to worry about chargebacks, which is beneficial for merchants,’ he says. ‘It’s better than Visa or Master Card.’  Indeed, Bitpay has zero transaction fees and only requires a monthly payment.  Bitpay also allows for instantly converting the Bitcoin into dollars, so Lee doesn’t have to worry about the recent wild fluctuations. All you need to pay for your groceries in Bitcoin is a phone with a Bitpay or similar app that can transact Bitcoin. Lee puts the dollar amount into his app, which shows the price in Bitcoin. A QR code for the transaction then pops up on his screen, and the customer scans it.”

http://www.businessinsider.com/brooklyn-bitcoin-bodega-2013-11

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$11 million in bitcoins the Winklevii bought is now worth $32 million

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“A lot of people laughed at Tyler and Cameron Winklevoss when they announced in April that they had acquired $11 million worth of bitcoins. But since then, their investment has paid off big-time. A source close to the Winkelvoss brothers says they haven’t sold any of their Bitcoins since April. Almost tripling your money in seven months isn’t bad. But the Winklevii may have done even better than that. The Times reported that the brothers ‘began dabbling in bitcoin last summer when the dollar value of a single coin was still in the single digits.’ If they bought bitcoins at the July 2012 price of $9, each one is now worth 40 times what they paid for it.”

http://www.washingtonpost.com/blogs/the-switch/wp/2013/11/09/the-11-million-in-bitcoins-the-winklevoss-brothers-bought-is-now-worth-32-million/

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Fortress’s Novogratz says bitcoin is in ‘inning 3 of a 9 inning game’

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“Novogratz, who is the co-chief investment officer of the Fortress Macro Fund and the Drawbridge Global Macro Fund, has joined a slew of high-profile investors who have expressed interest in the virtual currency at a time when it has shed some of its questionable associations. Early Facebook investor Jim Breyer recently helped raise $9 million in Series A funding for the company Circle, which aims to simplify bitcoin payments. Eba  president and chief executive John Donahoe told the Financial Times earlier this month that the company is monitoring bitcoin and could possibly incorporate it into PayPal in the future.”

http://blogs.marketwatch.com/thetell/2013/11/11/fortresss-novogratz-says-bitcoin-is-in-inning-3-of-a-9-inning-game/

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Bitcoin Trading Notes: Market Momentum and Spread Trading

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“While the most recent drop may have relieved some short-term pressure, longer-term trends are still indicating outlying conditions. The 30-day moving average daily price change recently climbed above 3%, which has only previously been seen in what most would consider bitcoin’s historic bubbles: Jan 2011, June 2011, Jan 2012, and April 2013. Additionally, bitcoin’s logarithmic exchange rate growth has grown linearly for years as one of the most consistent trends since the currency’s inception and we’re now trending notably above that line, albeit not nearly as far as in April.”

http://thegenesisblock.com/bitcoin-trading-notes-market-momentum-spread-trading/

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Doug Casey in Cyprus: Crisis Investing in Action

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“After my second book, Crisis Investing, came out in 1979, I started publishing a newsletter. I used the Chinese symbol for crisis as the logo.  It is actually a combination of two symbols: the symbol for danger and the symbol for opportunity. The danger is what everybody sees; the opportunity is never quite so obvious as the danger, but it’s always there.  Speculating in crisis markets is the ultimate way to be a contrarian, which means buying when nobody else wants to buy.  It is true, as a general rule, that you want to ‘make the trend your friend.’ But there always comes an inflection point when trends change because a market becomes either greatly overvalued or greatly undervalued.”

https://www.internationalman.com/global-perspectives/1041-doug-casey-in-cyprus-crisis-investing-in-action

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Bitcoin’s UK Future Looks Bleak

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“It’s depressing that firstly key government departments have not apparently to the best of my knowledge even discussed this potentially revolutionary technology. It’s even more depressing that in a democratic society, discussion of policy regarding this technology is conducted in secrecy. HMRC’s VAT legislation is already outdated in many areas especially regarding online trade. My confidence that they will appear from behind these doors with legislation based on a firm understanding of Bitcoin is low. These responses also indicate glaring misunderstandings of what Bitcoin is, hilariously the Bank of England wrote back to tell me ‘There have been no meetings held at the BoE attended by Bitcoin‘.”

https://www.scirra.com/blog/tom/4/bitcoins-uk-future-looks-bleak

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Sudan devalues currency by 30 percent amid dollar shortages

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“Sudan’s economy has been in turmoil since South Sudan’s secession in 2011 took away of three-quarters of oil production. Oil was the driver of the economy and source for dollars needed for food and other essential imports.  The central bank has been trying to bridge a ballooning gap with the black market rate where one dollar costs 7.8 pounds as import firms struggle to get their hand on hard currency. The black market rate has become the benchmark for banks and firms.  The secretive central bank tends not to announce devaluations, which are embarrassing for the government, which denies there is a shortage of hard currency.”

http://finance.yahoo.com/news/sudan-devalues-currency-30-percent-150224884.html

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