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
The First Bitcoin ATM in Mainland China Shutters Service Amid Regulatory Crackdown
The first bitcoin ATM in mainland China, which was installed four years ago in Shanghai, has ceased to provide exchange services to bitcoin investors in response to Chinese authorities’ requirem
Police in Chinese City Confiscated 600 Bitcoin Miners over Electricity Theft
April 25, 2018 – Police in north China’s Tianjin have confiscated 600 computers used to mine bitcoin after local power grid reported abnormal electricity consumption, Xinhua reported on Wednesday.
TD Ameritrade Put An Actual Ad on the Bitcoin Blockchain
TD Ameritrade planted an ASCII flag - that is to say, imprinted an advertisement - on bitcoin's blockchain earlier this month.
The online broker announced that it sent 68 bitcoin transactions to cr
Iceland's 'Big Bitcoin Heist' Suspect Has Been Arrested
Iceland's now-infamous bitcoin miner thief has reportedly been arrested.
A Dutch police spokesperson confirmed that Sindri Thor Stefansson - who is accused of masterminding the theft of $2 million
Snoop Dogg to Perform at Ripple's Blockchain Week NYC Party
Distributed ledger startup Ripple is hosting a VIP gathering featuring Snoop Dogg - and will be giving away 10 tickets to the event on Twitter.
The company announced Tuesday that Snoop would perfor
Arizona's Crypto Tax Payments Bill Clears Hurdle
A key committee in Arizona's House of Representatives has given its blessing to a bill that would clear the way for the state to accept cryptocurrencies as payment for taxes.
The House Rules Commit
Bitcoin jumps 7% amid massive market sell-off
Bitcoin rose to its highest level in more than a month as the broader U.S. financial markets sold off Tuesday. The digital currency was trading near $9,436 as of 4:21 p.m. ET, and has jumped
16 Exchanges Pledge to Restore Crypto Market Confidence
A group of licensed cryptocurrency exchanges in Japan is looking to restore market confidence by adopting self-imposed rules.
According to the Japanese news outlet Asahi Shimbun Tuesday, 16 exchang