Peripheral bitcoin services like BitPay safer investment than bitcoin?

“Asia’s richest businessman Li Ka-shing has invested in BitPay, the digital currency equivalent for PayPal, through his venture capital arm Horizons Ventures.  A spokeswoman for Horizons Ventures declined to comment on the details of the investment. Bitpay said it was ‘fortunate to have the benefit of many supportive investors, including Horizons Ventures.’  BitPay, founded in May 2011, currently handles transactions for 14,000 companies across 200 countries. About half of the transactions take place in the United States, 25 per cent are in Europe and 25 per cent in the rest of the world. Asia is among the top regions where BitPay is signing up new companies.”

http://www.scmp.com/business/banking-finance/article/1390224/peripheral-bitcoin-services-bitpay-safer-investment-bitcoin

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Bitcoin exchanges shut shop in India

“BuySellBitCo.in CEO Mahin Gupta refused to comment on what would happen to the investment that went into BuySellBitCo.in. However, the exchange’s website pointed out that it was suspending operations until a clearer operating framework could be found. ‘Post the RBI circular, we are suspending buy and sell operations. This is being done to protect the interests of our customers and in no way is a reflection of Bitcoin’s true potential or price,’ the trading platform said.  Another trading platform, INBRTC, claimed that the ‘only option now was to suspend services until further arrangements could be made.'”

http://www.thehindu.com/business/Industry/bitcoin-operators-shut-shops-in-india-amid-rbi-warning/article5504407.ece

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Reserve Bank of India Issues Virtual Currency Warning

“There are a few exchanges and trading platforms in India and most of them were launched earlier this year. Although they tend to allow users to purchase bitcoin in rupees, none of them appear to have regulatory approval to do so. However, since India does not have digital currency legislation, it is impossible to get such approval, unless Indian regulators decide to apply existing foreign exchange regulations to bitcoin.  For now though, India does not have bitcoin regulation and it is unclear whether the RBI’s statement will change anything moving forward.”

http://www.coindesk.com/reserve-bank-india-issues-virtual-currency-warning/

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Wealthy Chinese gobbling up Silicon Valley homes

“Ken DeLeon—named by The Wall Street Journal as the country’s most successful real estate agent—said he has done close to $300 million in sales this year and that the market has never been hotter.  DeLeon said that in the past year he has sold more than 20 luxury residences in the Palo Alto area to buyers from mainland China, Taiwan and Hong Kong. Most of those buyers are looking for houses in the $2 million-plus range, he said.   Business is so brisk that the agent recently bought a Mercedes bus to shuttle his Chinese customers around the valley.  They are serious buyers, he said; several have bought modest houses on a decent-sized lot, then undertaken ambitious renovations.”

http://www.cnbc.com/id/101168745

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Nobel Winner: “No Reason To Fear Deflation”

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“‘Historically, there is no reason to fear deflation,’ Nobel Laureate Thomas Sargent explains to Germany’s Wiwo.de, ‘we all benefit from lower prices.’ That central banks pursue an inflation rate of around 2%, Sargent blasts, is because they consider it their job to ‘make bad debt good debt,’ adding that inflation is ‘a major redistribution machine – reducing the real debt burden for the benefit of creditors and devaluing the assets of the creditors.’ A return to a gold standard,he concludes, to prevent governments and central banks from limitless money-printing ‘would not be foolish.'”

http://www.zerohedge.com/news/2013-11-16/nobel-winner-dares-go-there-no-reason-fear-deflation-greece-may-benefit-gold-standar

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Bill Bonner: Give Thanks to ‘The 1%’

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“Our friend is doing his part. The marble for his new countertops will be cut in Italy… making employment for stonecutters and shippers.  Carpenters will spend months knocking together frames and staircases.  Heating and air-conditioning specialists, architects, wallpaper salesmen, decorators, roofers, electricians, plumbers, surveyors…  We will raise a glass – or two – in honor of the spendthrifts who keep the wheels turning. And we give special thanks for that little subset of the 1% – those who sacrifice their own balance sheets for the benefit of the consumer economy.  Yes, they will be poorer – financially – but at least they will have nice houses to live in when the next crisis comes.”

http://www.bonnerandpartners.com/give-thanks-to-the-1/

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Economist Mag Defends Fed With an Ode to the Dead

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“Today, powerful people situated strategically around the Fed are protecting that institution and its members. But times are not what they were. There is the Internet to contend with and a mood of informed populism in the US that does not bode well for a continued Fed coverup. Thus, the Fed faces an institutional conundrum. The public pressure on the Fed in the long run will surely not let up. In fact, it may subside a little as the Fed tends to this latest stock market bubble, what we have called a ‘Wall Street Party.’ But when the party is ending and insiders (and hopefully you, dear reader) have drunk their fill of the bubbly and retired, there will be Hell to pay.”

http://www.thedailybell.com/news-analysis/34858/Economist-Mag-Defends-Fed-With-an-Ode-to-the-Dead/

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Blockchain.info: the World’s Most Popular Bitcoin Website and Wallet

“As a wallet service that exists online, Blockchain is extremely conscious of security issues and the bad press online wallets have received due to lax security, bad code, or corrupt operators.  Blockchain’s wallet service is set up in a way that users shouldn’t need to be concerned about security infrastructure on the server side. All the important encryption related to the security of users’ bitcoins happens on the client side, in the browser or on a mobile device.  It stores an encrypted backup of user wallets on Blockchain’s servers so they may be accessed from various places and devices, but do not store user passwords anywhere.”

http://www.coindesk.com/blockchain-most-popular-bitcoin-website-wallet/

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7 Lessons I Learned About Investing in Bitcoin

 

“This is Satoshi’s gift to the world, an amazing network and community for the storage and exchange of value. And the only way to transact on that network, is by making use of digital currency units called ‘bitcoins’, of which there will only ever be 21 million in circulation. That is what makes these bitcoins so very special as an investment.  And this is why, when you become familiar with the Bitcoin culture, you’ll bump into phrases like ‘one never sells all of his bitcoins’, or: ‘To the moon!’ – pointing out the enormous long term potential of this technology.”

http://letstalkbitcoin.com/7-lessons-a-talk-in-buenos-aires/

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SkyCraft Airplanes Now Accepting Bitcoin Payments

“The SkyCraft SD-1 Minisport is the first aircraft that can be bought with Bitcoin. At the current exchange rate, the SD-1 can be purchased for just under 80 BTC, with only a 2.85 BTC deposit required to hold a production slot. All Bitcoin transactions are securely processed using Bitpay through the Buy A Plane page.  We hope this will signify an important moment for both the future of General Aviation and the future of Bitcoin.”

http://www.skycraftairplanes.com/skycraft-airplanes-now-accepting-bitcoin-payments/

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