A thought-provoking line of documentaries, including The Rise and Rise of Bitcoin, and The Bitcoin Gospel have explored different aspects of bitcoinâs past, present, and future. A new up-and-coming documentary, Banking on Bitcoin, illustrates contrasting visions for the cryptocurrency and its revolutionary potential. Pre-orders are available through iTunes, and the filmâs release date is January 6, 2017. Industry pioneers featured in the film include Erik Voorhees, Cameron and Tyler Winklevoss, Barry Silbert, and our very own Nicolas Cary.
Exchanges arenât the only way to buy bitcoin. According to Coin ATM Radar, there are over 900 bitcoin ATMs currently operating worldwide. Bitcoin ATM network Coinsource is currently the largest network in operation in the U.S., with ATMs in eight states, and the most recent additions being in Tennessee. Coinsource Co-Founder and CEO, Sheffield Clark, doesnât see bitcoin as a replacement for the banking system, but sees it and his companyâs ATM network as a âconvenient alternative.â Bitcoin ATMs offer a unique appeal because of their nearly immediate exchange time.
Weâll see you next in our first recap of 2017! Enjoyed this recap? Leave a comment below and let us know. For more news like this, be sure to check out our archives!
The $1,000+ all-time highs of 2013 seemed like aÂ distant memory when bitcoin began 2016 hovering around the $430 USD mark. But those of us that remember that late 2013 surge recall how despite all the odds, bitcoin ended the year on a victorious note. 2016 brought its own collection of good and not-so-good influencers, yet itâs closing out the year as theÂ best commodity of 2016. Bitcoin analyst Vinny Lingham was spot on in his price prediction: once it reached $800, it was a quickÂ climb to $900, until hitting $911 and âsurpassing $930 in large markets like China, which control 94.5% of all Bitcoin trading.â Both Lingham, and bitcoin advocate and owner of Bitcoin.com, Roger Ver, have expressed well-founded optimism for 2017.
The big question looming is whether bitcoin will pass the $1,000 USD mark in the remaining hoursÂ of 2016, as the Q4 price has primarily made the climb with lowerÂ volatility. On a longer-term outlook, certain indicators also suggest that bitcoin hasnât left the stage yet as a potentially widespread consumer payment method. Despite the high notes, a trend of regret is common among users who sold their coins before the surge, or passed up buying opportunities due to âa mix of procrastination, fear and a lack of belief in [b]itcoin at the time.â Speculators suggest itâs possible the price surge will continue into 2017, and thatâs why CoinTelegraph contributor Frisco dâAnconia insists it isnât too late, and that users should âbuy and save whatever [they] can afford today.â
When it comes to geo-economic trends that impact bitcoinâs value, currency devaluation and altogether demonetization is significant. Countries like Venezuela, India, and China, are demonstrating increased bitcoin activity not only on exchanges, but also as a way to purchase daily essentials that may be extremely difficult to purchase with near-useless or heavily controlled government-issued currencies. In some cases, companies like Destinia are responding by accepting bitcoin-only, while startups such as Unocoin are crafting ways to make bitcoin increasingly accessible and useful locally. Â
Well, 2016, itâs been a wild ride. Throughout the year, we covered bitcoinâs ups, downs, and everything in between. In our final recap for 2016,Â weâll kick things off with coverage on the major price spike, and share speculation from experts on what 2017 has in store. Catch these stories and plenty more as we cover some of the biggest headlines closing out the year.
On the topic of bitcoinâs future, the decision to implement SegWit has sparked quite the assortment of polarizing perspectives, especially since signalling, which sits at 26% at the time of writing, began in November. A significant number of startups, including Blockchain, have expressed support for SegWit. Serial entrepreneur and Bitcoin investor, Trace Mayer, explains the potential value in the protocol upgrade: SegWit could address big issues like scalability, fungibility, and make bitcoinâs earliest goals like that of financial privacy possible. Mayer describes SegWit as âvery easy to understand and extremely concise, [which] makes it a very clean soft fork upgrade.â Â
Coinbase Taps Twitter Vet to Bolster Customer Support Team
Cryptocurrency startup Coinbase has hired a former Twitter executive in an effort to shore up its customer support teams.
Tina Bhatnagar will serve as vice president of operations and technology, a
IMF Calls for International Cooperation on Crypto
The International Monetary Fund (IMF), an organization that aims to foster global monetary cooperation and financial stability, has called for global coordination on cryptocurrencies, warning of the r
Commodity Merchant Louis Dreyfus Trials Blockchain for Soybean Trade
Louis Dreyfus, a major commodities trading company, has announced that it has piloted a blockchain-based transaction system developed by a group of financial institutions including ING.
Bitcoin tanks more than 10% to below $11,000; South Korea announces details on crypto tax
Bitcoin and other major digital currencies dropped sharply Monday morning. Bitcoin briefly tumbled to a low near $10,234 on Coinbase around 11 a.m., ET, marking a loss of about 11 percent over
Vanguard chief: You will never see a bitcoin fund from us
Vanguard CEO Tim Buckley may think highly of blockchain technology, but he isn't planning in investing in bitcoin anytime soon. Buckley, who succeeded former chief Bill McNabb at the start of the
'I know you cheated on your wife.' Growing blackmail scam demands payment in bitcoin
"I know you cheated on your wife." Those chilling words were in a letter sent to Dave Eargle's home. The then-graduate student found the note in his mailbox and could not believe what he was
Canadian Research Body Pilots Ethereum in Transparency Push
The National Research Council of Canada (NRC), a government initiative, is trialing the ethereum blockchain for recording government contracts.
For the pilot, the NRC is partnering with blockchain
China Moves to Crack Down on Digital Currency Pyramid Schemes
China's public security ministry said on Friday that it will take aim at pyramid schemes in the country, including those that purportedly involve cryptocurrencies.
In a Jan. 19 statement, the Minis