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
Bitcoin Rebounds From Two-Month Low to Top $1,000
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Overall, the digital currency rose as much as 7.5% during the session, clim
SAP Joins HyperLedger, as Enterprise Blockchain Wave Sweeps In
The increasing adoption of distributed ledger technology by companies has made it hard for the enterprise solutions providers to ignore the blockchain. In order to keep up with the changing times,
Bitcoin Price Stabilizes at $1,022, Scalability Debate Continues
Bitcoin price reached $1,030 in most global Bitcoin exchanges such as Bitstamp and Bitfinex earlier today, recovering from the March 24 drop which occurred due to speculations on the likelihood of
Newsflash: Bitcoin Rises, US Dollar Sinks
Bitcoin prices have bounced back above $1,000 on Monday, registering a high of $1,032 on the Bitstamp Price Index.
Bitcoin is trading near the levels of the week past, finding its feet after a drop
Is Bitcoin A Safe Way To Transact Money?
Let me first say that I’m speaking as myself and not on behalf of the Federal Reserve System. Also, that my expertise is in the world of physical cash, so I’m not an expert in bitcoin.
Jeff Garzik’s Bloq Launches BloqLabs to Expand Support for Blockchain, Bitcoin Projects
Bloq, a provider of blockchain solutions, has launched BloqLabs to expand its support of open source blockchain and bitcoin projects, the company announced on its website.
“In the 1900s, Bell Labs
BitOasis Expands Credit Card Bitcoin Buying to 5 New Countries
BitOasis has announced it will expand a credit card buying option to additional countries in the Middle East.
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Bitfury is reported is to have mined a block supporting the BIP 148 proposal, effectively signalling a user-activated softfork (UASF) for SegWit.
As the debate surrounding bitcoin’s block size cont