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
Wealth Manager Canaccord: ICOs Could Become Commonplace
Initial coin offerings (ICOs) could one day come to be seen as similar to initial public offerings (IPOs), according to a new report from financial services firm Canaccord Genuity.
Alleged Bitcoin Launderer Faces Extradition Hearing Next Month
An alleged money launderer tied to the defunct BTC-e bitcoin exchange and wanted by both Russia and the U.S. will attend an extradition hearing next month.
The Dec. 6 hearing, The Associated Press
Fujitsu Eyes Cryptocurrency Trading With Cross-Blockchain Payments Tech
Japanese IT firm Fujitsu has unveiled a new payments technology designed to facilitate transactions between blockchains.
Announced today, the "ConnectionChain" project is aimed at providing a way f
Brokerage Chief: Bitcoin Futures Must Be Quarantined
A well-known electronic brokerage firm is issuing dire warnings against the CME Group's plan to launch a bitcoin futures contract next month.
But Interactive Brokers, in a comment letter dated Nov.
Tezos Founders Hit With Second Class Action Suit
For the second time in less than three weeks, a lawsuit has been filed against the founders of the Tezos project.
Pursued in the U.S. District Court in Florida, the suit alleges Tezos founders Arth
India's Supreme Court Prods Government on Bitcoin Regulation
The Indian Supreme Court has asked the government to respond to calls to regulate bitcoin.
Three justices issued a notice to the central bank, the market regulator, the tax department, and several
'Big Four' Firm KPMG Joins Blockchain Advocacy Group
Accounting giant KPMG has become the latest member of the Wall Street Blockchain Alliance (WSBA).
Joining the non-profit trade association as a corporate member, KPMG will assume a seat on its boar
Morgan Stanley CEO: Bitcoin Is 'By Definition Speculative'
Morgan Stanley chairman and CEO James Gorman has said that bitcoin is "punching above its weight," according to a news report.
Speaking to CNBC this morning, however, Gorman further said that the c