Monthly Archives: December 2013

Bitcoin Falls 20% on PBOC Rumors, Chinese Exchanges Reinstate Fees

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“BTC China and OKCoin, China’s two largest exchanges by volume, both eliminated the free trading they’ve offered for most of the past two months.  CNY exchanges likely also saw significant capital flight yesterday as traders looked to secure their funds before payment processors remove their ability to transact seamlessly. If the rumors turn out to be unfounded, the discount of CNY markets relative to USD would likely trend closer the norm over time.  Yesterday was one of the few days in the past six weeks where USD volume outpaced CNY. Notably, the same also occurred on December 6, following the original PBOC announcement.”

http://thegenesisblock.com/bitcoin-falls-20-pboc-rumors-chinese-exchanges-reinstate-fees/

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Bitcoin Cafe: Wired and Spending in China

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“As China becomes the world’s largest Bitcoin market, Bloomberg’s Christine Hah visits a Beijing cafe where China’s enthusiasts congregate and create strategies for using the digital currency.”

http://www.bloomberg.com/video/bitcoin-cafe-wired-and-spending-in-china-fOyr8UW_RAO6PfP6kXSUTg.html

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Can Bitcoin Breakout in 2014?

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“Bitcoin faces significant challenges in 2014, among them getting approval from regulators and proving to the outside world it is a stable form of currency. Consult Hyperion’s Dave Birch explains on digits.”

http://live.wsj.com/video/can-bitcoin-breakout-in-2014/48B4414B-6F68-4AD7-BAD5-496ACF3C8252.html

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Google: Not optimistic on future of Bitcoin

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“Bitcoin may be gaining popularity but a senior official of internet giant Google said he was not ‘particularly optimistic’ about the digital currency’s future since it suffers from being the first in that space.  ‘It (bitcoin) is partly a medium of transaction, a medium of exchange,’ Google’s chief economist Hal Varian said.  ‘I think something like this technology will take hold in the future but I am not particularly optimistic about bitcoin because it suffers from being the first in the area. [..] We have a saying in the US that you can always tell pioneers that they are the ones with errors in their bags,” Varian said here.  He was interacting with the audience after giving a talk organised by economic policy think tank ICRIER.”

http://timesofindia.indiatimes.com/tech/tech-news/internet/Google-Not-optimistic-on-future-of-Bitcoin/articleshow/27474927.cms

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Apple Won’t Explain Why It’s Against Bitcoin

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“Apple first gave Bitcoin a taste of the cold shoulder in mid-November by removing the Coinbase iOS app from the app store.  That wasn’t the first time that Apple have confiscated Bitcoin users’ toys without warning or explanation. Jon Matonis, executive director of the Bitcoin Foundation, has spoken out about how other Bitcoin wallet apps such as Blockchain Wallet and Bitpak have also been ‘unceremoniously evicted’ from the app store.  Rob Sama, the creator of BitPak, is one of the only app store rejectees within the realms of Bitcoin to have received anything approaching an explanation from Apple. Don’t get your hopes up, because it might just be the most vague explanation of the year.”

http://motherboard.vice.com/blog/apple-wont-explain-why-its-against-bitcoin

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Dubious ‘bankster’ behind Russia’s bid to trademark Bitcoin

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“The chief of a bank that was shut down over money laundering has reportedly applied to register the trademark for the popular cryptocurrency bitcoin. If successful, Russia could become the first country to register the anonymous currency.  The company applied to trademark a bitcoin logo with a capital letter ‘B’ inside a circle and other Russian companies are reportedly interested in trade marks.  Sberbank, Russia’s largest bank, hasn’t ruled out launching an e-commerce system similar to bitcoin, which would be managed by Yandex.Money. Bank chief German Gref said the Yandex.Money payment system would help smooth online purchases, and would be safer than bitcoins.”

http://rt.com/business/russia-bitcoin-trademark-bulochnik-369/

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Danish government issues warning against Bitcoin

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“The government of Denmark has issued a warning against Bitcoin and other cryptocurrencies. The warning states that users of the currency risk having their Bitcoins stolen from them. The warning states that due to the fluctuation of the currency, it can be worth nothing in a short amount of time. It also states that the currencies can be used for crime.  Perhaps the most interesting part of the warning is ‘that a company should not be allowed to establish themselves in this country to do business with the exchange of real currency against the so-called virtual currency’. It seems the Denmark government is not comfortable in businesses using the currency to exchange ‘real’ currency.”

http://bitcoinsalot.com/?p=48

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China Bitcoin Crackdown Intensifies

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“The People’s Bank of China has issued a new ban on third-party payment processors from doing business with Bitcoin exchanges.  Bitcoin prices on the yuan-traded BTC China exchange are down 34% on the news, and prices on the USD-traded Mt. Gox exchange were flirting with $700 all night. Mt. Gox prices were off 19% on the day.  The latest ban is a a separate regulation from the People’s Bank of China’s Dec. 5 ruling barring formal financial institutions from processing Bitcoin. Rui Ma, a China-based angel investor, commented that if the crackdown continues, Chinese may only be able to purchase Bitcoins via miners or other traders.”

http://www.businessinsider.com/china-bitcoin-crackdown-intensifies-2013-12

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Who’s Afraid of Bitcoin? These Countries

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“Governments do hold some force over the decentralized cryptocurrency, insofar as they wield control over the banks, which in turn can either stand in the way of Bitcoins beginning to circulate through the market or help open the floodgates. But the way some financial regulators see it, the risk of mass adoption is still too high; no one’s sure the bubble isn’t about to burst. Here’s a glance at the nations who have piped up about Bitcoin so far, and where they come down on the futurist money.”

http://motherboard.vice.com/blog/whos-afraid-of-bitcoin-these-countries

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The Shocking Ingredients In Beer

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“Is beer really healthy? Why are the ingredients not listed on the label? Which brands can we trust? Which brands are trying to slowly poison us with cheap and harmful ingredients? All of these questions were going through my head at once at lightning speed. So a year ago, I started to research what was really in beer and after questioning several beer companies, reading books about food science, and talking to experts, the information I discovered was downright shocking.  I see it all the time. Someone who eats organic, makes the right choices at the grocery store, is fit and lives an extraordinarily healthy lifestyle but then drinks beer like it is going out of style.”

http://foodbabe.com/2013/07/17/the-shocking-ingredients-in-beer/

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