13 July 2014
Bitcoin, to Become the First Digital Currency-Based Exchange Traded Fund; ETF Will Likely Pass Federal Scrutiny
Bitcoin, to Become the First Digital Currency-Based Exchange Traded Fund; ETF Will Likely Pass Federal Scrutiny The United States Consumer Financial Protection Bureau – the Daily Herald
ETF analysts predict that The Winklevoss Bitcoin Trust will hold federal critics and became the first digital currency based on the exchange traded fund, maybe by the end of the year, though no one knows for sure.
Chief investment officer of ETF.com, Dave Nadig said: “I don’t see very much in the way of impediments to it at this point. Everything I see in the Bitcoin filing is by the book so it would be a surprise if they officially deny it. If they pocket veto it and kind of ignore it for a while … that’s a possibility.”
The digital currency, which functions as an independent payment peer-to-peer system, without central government, banks or authority support, Bitcoin was established in 2009. Internet entrepreneurs and Harvard friends founder of Facebook, Mark Zuckerberg and Twins Cameron and Tyler Vinklevoss, said last year they had almost 1 percent of all Bitcoin in existence at the time.
It is expected that Bitcoin ETF will appeal to investors who are interested in the currency, but what they see as directly Bitcoin have too much trouble. These potential investors will also be watching to see whether SEC standard set by the IRS and classifies Bitcoin ownership or goods similar to gold, or as currency.
ETFtrends’ Web editor, Todd Shriber said: “If the Bitcoin ETF is classified as a commodity ETF, the rate of tax they’ll be paying will much higher than if they bought a currency ETF.”
In February, the Winklevoss brothers started their own version of the price tracker Bitcoin, titled “Winkdex”, and earlier this week they showed in an updated SEC filing that ETF ticker will be Nasdaq: COIN.
The president of Global Trends Investments and editor of ETFtrends.com, Tom Lydon said: “I would feel strongly it’s going to happen, but it may not be as soon as people would hope. I wouldn’t imagine they would continue talking about it and making progress if in fact it would not come to fruition.”
After negotiations with the Winklevoss twins Lydon says their biggest problem if they bring the ETF to market will study possible investors about Bitcoin, but he said: ” they’re pretty good at explaining what Bitcoin is.”
July 13, 2014 at 06:00AM
Latest Bitcoin News | BTC/LTC Robot | Mining ASICS | BTC Debit Card
SolVPS is Now Accepting Bitcoin VPS Payments
July 13, 2014 at 01:15AM
Latest Bitcoin News| BTC/LTC Robot| Mining ASICS| BTC Debit Card
Latest Bitcoin News| BTC/LTC Robot| Mining ASICS| BTC Debit Card
| Web hosting and VPS hosting provider SolVPS today announced that it will begin accepting Bitcoin (BTC) payments for all services, including Linux VPS, Windows VPS, and web hosting accounts. The announcement comes as part of the company's commitment to providing the easiest, and most advanced VPS deployment system available. SolVPS hopes that web hosting will become more accessible to millions of Bitcoin users, including many users who wish to complete online transactions exclusively with Bitcoin. SolVPS will accept Bitcoin VPS payments seamlessly through its shopping cart, and will honor its advertised "instant setup" as much as possible, given the distributed verification system used for Bitcoin transactions. Bitcoin VPS deployments are typically completed within 20-30 minutes, or sooner depending on availability of transaction verification over the BTC network. With the new availability of Bitcoin processing, SolVPS hopes to actively cater to users of Bitcoin-related services. New and existing customers are encouraged to use Bitcoin, in addition to PayPal, Skrill, and Payza, to complete payments with the digital currency most convenient for them. SolVPS delivers Linux VPS and Windows virtual server hosting solutions to users around the world. SolVPS's worldwide presence, encompassing server locations in the USA and Europe, affords end-users and businesses streamlined, high-performance SSD VPS hosting for services, applications, and private networks. SolVPS is an imprint of Gaiacom, L.C., a private IT firm based in the United States. For more information about VPS hosting services offered by SolVPS, visit: https://www.solvps.com/
|
Bitcoin Treasure Hunt Launched in San Francisco by Mystery Donor
If you missed out on the Hidden Cash treasure hunt last May,never fear. @SFHiddenBitcoin has arrived, transforming San Francisco into a gigantic bitcoins beta test. No one knows who is leaving the shiny bitcoin "wallets" around the city and posting tantalizing clues on Twitter. But the buzz is building for the daily crypto-currency scavenger hunt.The wallets look like small sheets of aluminum with a QR code, a bitcoin address, and the hunt's twitter handle. Each wallet is reported to contain 0.0333 bitcoin, or about $20, which goes to those clever enough to figure out the clues. They can be discovered by following the hunt's Twitter account: @SFHiddenBitcoin.
@SFHiddenBitcoi posts the slogan: 'Bringing bitcoins to the people by hiding them. An educational experiment'. The profile tweets claim the scavenger hunt will go on for a month, with a new wallet tucked away in a new location (one's been spotted at Mark Zuckerberg's house) every day of July. They may need a new clue writer -- all of the cards have been located shortly after the clue was released.
Mainstreaming of bitcoin
This lighthearted contest adds another milestone to the mainstreaming of bitcoin. Over the last weekend in June, California Governor Jerry Brown signed into law a major milestone in commerce -- a bill that, like the Internet, "could change everything." Given that California is the eighth largest economy in the world with a staggering GDP, AB 129 is likely a game changer.
AB 129 legalizes Bitcoins and other digital currencies for transactions in California.The "Lawful Money" law repeals a provision that banned the use of "anything but the lawful money of the United States."
Bitcoin's evolution of late has been rife with both potholes and possibilities. After a tenuous period during the collapse of Mt. Gox, government crackdowns, Silk Road bitcoin seizures, and even rumored crypto-currency-related deaths, a significant upturn began this spring.
E-commerce influencers such as Overstock, eBay, Apple, Google, Expedia and Yahoo took steps to recognize Bitcoin as legit. Bitcoin accelerators are quickly emerging via organizations like 500Startups, which recently funded five startups.
Then in April, MIT announced the Bitcoin Project, an experiment that provides every undergraduate student on campus with $100 in bitcoins. The central idea behind the Bitcoin Project is to work with professors and researchers at MIT to see how students use their Bitcoins when their whole community has them.
July 12, 2014 at 04:50PM
Latest Bitcoin News | BTC/LTC Robot | Mining ASICS | BTC Debit Card
Bitcoin, to Become the First Digital Currency-Based Exchange Traded Fund; ETF Will Likely Pass Federal Scrutiny
Bitcoin, to Become the First Digital Currency-Based Exchange Traded Fund; ETF Will Likely Pass Federal Scrutiny The United States Consumer Financial Protection Bureau – the Daily Herald
ETF analysts predict that The Winklevoss Bitcoin Trust will hold federal critics and became the first digital currency based on the exchange traded fund, maybe by the end of the year, though no one knows for sure.
Chief investment officer of ETF.com, Dave Nadig said: “I don’t see very much in the way of impediments to it at this point. Everything I see in the Bitcoin filing is by the book so it would be a surprise if they officially deny it. If they pocket veto it and kind of ignore it for a while … that’s a possibility.”
The digital currency, which functions as an independent payment peer-to-peer system, without central government, banks or authority support, Bitcoin was established in 2009. Internet entrepreneurs and Harvard friends founder of Facebook, Mark Zuckerberg and Twins Cameron and Tyler Vinklevoss, said last year they had almost 1 percent of all Bitcoin in existence at the time.
It is expected that Bitcoin ETF will appeal to investors who are interested in the currency, but what they see as directly Bitcoin have too much trouble. These potential investors will also be watching to see whether SEC standard set by the IRS and classifies Bitcoin ownership or goods similar to gold, or as currency.
ETFtrends’ Web editor, Todd Shriber said: “If the Bitcoin ETF is classified as a commodity ETF, the rate of tax they’ll be paying will much higher than if they bought a currency ETF.”
In February, the Winklevoss brothers started their own version of the price tracker Bitcoin, titled “Winkdex”, and earlier this week they showed in an updated SEC filing that ETF ticker will be Nasdaq: COIN.
The president of Global Trends Investments and editor of ETFtrends.com, Tom Lydon said: “I would feel strongly it’s going to happen, but it may not be as soon as people would hope. I wouldn’t imagine they would continue talking about it and making progress if in fact it would not come to fruition.”
After negotiations with the Winklevoss twins Lydon says their biggest problem if they bring the ETF to market will study possible investors about Bitcoin, but he said: ” they’re pretty good at explaining what Bitcoin is.”
July 13, 2014 at 06:00AM
Latest Bitcoin News | BTC/LTC Robot | Mining ASICS | BTC Debit Card
SolVPS is Now Accepting Bitcoin VPS Payments
July 13, 2014 at 01:15AM
Latest Bitcoin News| BTC/LTC Robot| Mining ASICS| BTC Debit Card
Latest Bitcoin News| BTC/LTC Robot| Mining ASICS| BTC Debit Card
| Web hosting and VPS hosting provider SolVPS today announced that it will begin accepting Bitcoin (BTC) payments for all services, including Linux VPS, Windows VPS, and web hosting accounts. The announcement comes as part of the company's commitment to providing the easiest, and most advanced VPS deployment system available. SolVPS hopes that web hosting will become more accessible to millions of Bitcoin users, including many users who wish to complete online transactions exclusively with Bitcoin. SolVPS will accept Bitcoin VPS payments seamlessly through its shopping cart, and will honor its advertised "instant setup" as much as possible, given the distributed verification system used for Bitcoin transactions. Bitcoin VPS deployments are typically completed within 20-30 minutes, or sooner depending on availability of transaction verification over the BTC network. With the new availability of Bitcoin processing, SolVPS hopes to actively cater to users of Bitcoin-related services. New and existing customers are encouraged to use Bitcoin, in addition to PayPal, Skrill, and Payza, to complete payments with the digital currency most convenient for them. SolVPS delivers Linux VPS and Windows virtual server hosting solutions to users around the world. SolVPS's worldwide presence, encompassing server locations in the USA and Europe, affords end-users and businesses streamlined, high-performance SSD VPS hosting for services, applications, and private networks. SolVPS is an imprint of Gaiacom, L.C., a private IT firm based in the United States. For more information about VPS hosting services offered by SolVPS, visit: https://www.solvps.com/
|
Bitcoin Treasure Hunt Launched in San Francisco by Mystery Donor
If you missed out on the Hidden Cash treasure hunt last May,never fear. @SFHiddenBitcoin has arrived, transforming San Francisco into a gigantic bitcoins beta test. No one knows who is leaving the shiny bitcoin "wallets" around the city and posting tantalizing clues on Twitter. But the buzz is building for the daily crypto-currency scavenger hunt.The wallets look like small sheets of aluminum with a QR code, a bitcoin address, and the hunt's twitter handle. Each wallet is reported to contain 0.0333 bitcoin, or about $20, which goes to those clever enough to figure out the clues. They can be discovered by following the hunt's Twitter account: @SFHiddenBitcoin.
@SFHiddenBitcoi posts the slogan: 'Bringing bitcoins to the people by hiding them. An educational experiment'. The profile tweets claim the scavenger hunt will go on for a month, with a new wallet tucked away in a new location (one's been spotted at Mark Zuckerberg's house) every day of July. They may need a new clue writer -- all of the cards have been located shortly after the clue was released.
Mainstreaming of bitcoin
This lighthearted contest adds another milestone to the mainstreaming of bitcoin. Over the last weekend in June, California Governor Jerry Brown signed into law a major milestone in commerce -- a bill that, like the Internet, "could change everything." Given that California is the eighth largest economy in the world with a staggering GDP, AB 129 is likely a game changer.
AB 129 legalizes Bitcoins and other digital currencies for transactions in California.The "Lawful Money" law repeals a provision that banned the use of "anything but the lawful money of the United States."
Bitcoin's evolution of late has been rife with both potholes and possibilities. After a tenuous period during the collapse of Mt. Gox, government crackdowns, Silk Road bitcoin seizures, and even rumored crypto-currency-related deaths, a significant upturn began this spring.
E-commerce influencers such as Overstock, eBay, Apple, Google, Expedia and Yahoo took steps to recognize Bitcoin as legit. Bitcoin accelerators are quickly emerging via organizations like 500Startups, which recently funded five startups.
Then in April, MIT announced the Bitcoin Project, an experiment that provides every undergraduate student on campus with $100 in bitcoins. The central idea behind the Bitcoin Project is to work with professors and researchers at MIT to see how students use their Bitcoins when their whole community has them.
July 12, 2014 at 04:50PM
Latest Bitcoin News | BTC/LTC Robot | Mining ASICS | BTC Debit Card
12 July 2014
Bitcoin Currency: Digital Сurrency Will Be Followed more Closely, The United States Consumer Financial Protection Bureau – the Daily Herald
Bitcoin Currency: Digital Сurrency Will Be Followed more Closely, The United States Consumer Financial Protection Bureau – the Daily Herald
Consumer Financial Protection Bureau of the U.S. has committed to follow Bitcoin and other digital currency more strictly. Government Accountability Office issued a corresponding order.
The Daily Herald said, the office, which is considered the analytical authority of Congress, wrote a confidential report in May, where it instigates the bureau to be more active when it comes to policy of cryptocurrency in the country.
William Wade-Gery, acting assistant director for card and payment markets, in his reply sent to the Government Accountability Office previous this year, said: “We’re looking forward to increasing our involvement in formal working groups as they engage on specific issues relating to consumer protection.”
Even though the report prepared by the GAO does not identify which issues related with cryptocurrency have to be considered, both agencies recognize that security is a major anxiety.
However, the document was sought by Senator Tom Carper. The Delaware Democrat, responsible for the first hearings of Bitcoin in 2013, wanted to know the U.S. government is doing to develop a regulation to digital currencies and in what way Bitcoin can be used in the future.
“GAO’s report underscores the importance that all sectors — law enforcement, industry, relevant regulators, and consumer protection agencies — must come to the table and engage in meaningful dialogue to provide clear rules of the road for entrepreneurs, investors, and consumers alike,” said Carper
July 12, 2014 at 12:29PM
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Bitcoin Foundation hires DC lobbyists to demystify cryptocurrency
Feds lean against Bitcoin, task may be monumental
The Bitcoin Foundation has launched an initiative to educate the US government on cryptocurrencies. The advocacy group has retained the Thorsen French Agency to "introduce Bitcoin and the foundation to Capitol Hill offices, demystify our favorite protocol, explain its benefits, and show that there is a community of serious, thoughtful people and businesses working to deliver those benefits to the United States and the world."
Thorsen French Advocacy is a boutique federal advocacy and strategic consulting firm. The two partners, Alec French and Carl Thorsen, are a bipartisan team with a collective 30 years of federal policy experience. The pair list media congolomerate Comcast/NBC, drug manufactuer AstraZeneca, The Pharmaceutical Research and Manufacturers of America, and ASCAP, among others.
The move is intended to show the government that "Bitcoin doesn't need governments' permission" to operate. However, governmental decisions, informed or not, can greatly alter the pricing of the volatile currency. Theoretically, informed lawmakers can make smart decisions about the currency, preventing decisions made from lack of information or simple lawmaker fear.
The hire may have a rough road to travel. The US Security and Exchange Commission has issued a series of warnings for potential investors to be alert to risks of the virtual currency. Offering a long list to support their alert, the SEC draws references to a Ponzi scheme nature of the currency, the probability of fraud, and what the lack of regulation means to US investors. Also, a division of the Department of Defense is investigating cryptocurrency, including Bitcoin, for possible links to crime and terrorism activities.
Optimistically, the post announcing the hire says that "our methodical work will continue to build Bitcoin's reputation and the foundation's credibility in Washington, D.C. We'll deploy the good will we build opportunistically -- to quell any moves against Bitcoin and to support law and policy changes that best advance the Bitcoin community's interests and the Bitcoin ecosystem's development."
July 12, 2014 at 12:06PM
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