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Bitcoin logs best January performance in 7 years as value surges by nearly $40 billion
Published Mon, Feb 3 2020
Key Points
Bitcoin was up over 29% in January, its best performance for that particular month since 2013.
Experts said that bitcoin was being viewed as a “safe-haven asset” as global equity markets remain shaky following the outbreak of the coronavirus.
Same GOOD NEWS posted January 15, 2020 !!! ....
I think this news is worth posting again ..... due to it's importance !!! ..... though I simply wish to point out it is nothing NEW !!! ..... since I had posted the exact same information January 15, 2020 ..... along with another concerned Investor posting it a day or so earlier .....
My Post from January 15 .....
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=153324574
Best Wishes
This is awesome, but when will this trade on other markets?
Former Venezuelan Gold Mining Company Wants to Centralize Bitcoin ATM Infrastructure
First Bitcoin Capital Corp. wants to unite the providers of bitcoin ATMs around the world
A one-time Venezuelan gold mining outfit-turned multinational crypto startup, First Bitcoin registered with the Securities and Exchange Commission (SEC) last week – an initial step, said CEO Greg Rubin, in providing fragmented bitcoin ATMs a new network.
His plan: link thousands of ATMs run by dozens of often small-time operators with a comprehensive know-your-customer, transaction monitoring and regulatory compliance solution that streamlines every aspect of the back-end business.
“We want to create a consortium of bitcoin ATM operators and put them on the global ATM network,” Rubin said. He said the consortium will roll out this year.
First Bitcoin, based in Holon, Israel, has been active in the crypto space for years, offering a bitcoin exchange and ATM services. The SEC temporarily suspended trading of its shares in 2017.
First Bitcoin’s network hinges on its recently acquired 2015 patent. U.S. 9,135,787 B1, otherwise known as “Bitcoin Kiosk/ATM Device and System Integrating Enrollment Protocol and Method of Using the Same,” came under First Bitcoin’s control last summer in exchange for 1.6 million shares, according to the SEC filing.
Rubin insisted the patent is more than a legal bludgeon. He said he has no desire to become a patent troll, referring to those those who scoop up intellectual property rights and then sue infringers, often frivolously, seeking compensation and damages.
“We don’t want to send two big Italian guys with baseball bats” to enforce the patent, Rubin said.
Instead, First Bitcoin will use the patent to make inroads among operators. Rubin said the relationship will be mutually beneficial: First Bitcoin will charge a flat transaction fee comparable to ATM fees, and operators will meet local compliance and regulatory burdens via its network.
Rubin said small-time operators stand to gain the most from this globalized network
“You cannot continue operating like you’re in the Stone Age with 10 machines,” he said. “We will be on top of the regulations, we will be on top of security. Your role is just to promote the business.”
Sachs Dolmar are better. The only brokerage account that allows me to buy bitcf is etrade. Try putting your order in between the bid and ask, works for me.
I just bought a chunk of this stock. Things are going to happen here!
Would be nice if Eturd and the other greyshit scumbag makers would at least try to run a fair market on this.
I have a BUY LIMIT order in at 13 cents,,,,nothing. Yet these pigphukrs SWEAR its only 'worth' 8 to 12 cents. Unreal. Thanks Rubin.
When you try to buy a big block higher than the 'last price' sometimes they will give you 100 or 200 way lower! I had a bid in for 1000 shares at 12 cents back in December,,,,they gave me 200 at .039! LOL pure scumbaggery and market manipulation. Yes, BITCF is being intentionally held down.
UPDATE! 2 minutes later, the fraud cartel 'opens' BITCF with 1900 shares at .095!!! PROVING MY POINT! If you are the seller, call your brokerage and accuse them of fraud! Ask why you didn't get .13 for 1000 of those shares. Do it.
I suspect "a-bit-more-patience" will suffice .....
No pun intended !!! .....
Though I am in accord with your implied sentiment related to regulatory agencies seen as little more than "special-interest shills" of the Status Quo ..... I believe the distressing SEC issues with BITCF over the last few years will be resolved in short order ..... since proper paperwork has seemingly been filed last week ..... according to this News Release !!! .....
.... First Bitcoin registered with the Securities and Exchange Commission (SEC) last week – an initial step, said CEO Greg Rubin, in providing fragmented bitcoin ATMs a new network ....
BITCF should be on fire with this news, and tomorrow the 'grey markets' will still 'trade' it at 9 cents. IDK why the hell Rubin cant get the SEC to at least allow the stock on the pinksheets with a bid and ask. This is just unreal. There are no excuses left for the anti-crypto biased whackjobs not to allow real trading to begin on this stock.
$BITCF Seeks To Unite Global Bitcoin ATM's .....
This feels like uplifting "big news" for First Bitcoin Capital Corp ..... stock ticker BITCF ..... A forward-looking "nudge" many serious Investors have been waiting for !!! .....
Former Venezuelan Gold Mining Company Wants To Centralize Bitcoin ATM Infrastructure
January 15, 2020 ..... by Danny Nelson
First Bitcoin Capital Corp. wants to unite the providers of bitcoin ATMs around the world.
A one-time Venezuelan gold mining outfit-turned multinational crypto startup, First Bitcoin registered with the Securities and Exchange Commission (SEC) last week – an initial step, said CEO Greg Rubin, in providing fragmented bitcoin ATMs a new network.
His plan: link thousands of ATMs run by dozens of often small-time operators with a comprehensive know-your-customer, transaction monitoring and regulatory compliance solution that streamlines every aspect of the back-end business.
“We want to create a consortium of bitcoin ATM operators and put them on the global ATM network,” Rubin said. He said the consortium will roll out this year.
First Bitcoin, based in Holon, Israel, has been active in the crypto space for years, offering a bitcoin exchange and ATM services. The SEC temporarily suspended trading of its shares in 2017.
First Bitcoin’s network hinges on its recently acquired 2015 patent. U.S. 9,135,787 B1, otherwise known as “Bitcoin Kiosk/ATM Device and System Integrating Enrollment Protocol and Method of Using the Same,” came under First Bitcoin’s control last summer in exchange for 1.6 million shares, according to the SEC filing.
Rubin insisted the patent is more than a legal bludgeon. He said he has no desire to become a patent troll, referring to those who scoop up intellectual property rights and then sue infringers, often frivolously, seeking compensation and damages.
“We don’t want to send two big Italian guys with baseball bats” to enforce the patent, Rubin said.
Instead, First Bitcoin will use the patent to make inroads among operators. Rubin said the relationship will be mutually beneficial: First Bitcoin will charge a flat transaction fee comparable to ATM fees, and operators will meet local compliance and regulatory burdens via its network.
Rubin said small-time operators stand to gain the most from this globalized network
“You cannot continue operating like you’re in the Stone Age with 10 machines,” he said. “We will be on top of the regulations, we will be on top of security. Your role is just to promote the business.”
did you guys see the article on coinbase about the bitcoin patent?
https://www.coindesk.com/former-venezuelan-gold-mining-company-wants-to-centralize-bitcoin-atm-infrastructure
This won’t do jack until we get off the greys. We need a specific statement addressing this Ive asked them several times to comment publicly. Please reach out and ask them as well.
Hopefully if it can breach 10k we will have another crypto rally this year.
Bitcoin On The Rise !!! .....
Unknown at this point ..... if Bitcoin's tentative meteoric upsurge ..... has real legs ..... though time will tell !!! .....
Bitcoin's rise followed the day after your post concerning the opening of "options on exchange traded Bitcoin futures" !!! ..... by way of the Chicago Mercantile Exchange ..... Thanks for posting !!! .....
Clearly ..... a beautiful looking chart ..... even to a "newbie" ..... if one takes the time to open the link below .....
Bitcoin Eyes $9K After Biggest Single-Day Rise in a Month
January 15, 2020 ..... by Omkar Godbole
View
Bitcoin violated crucial resistance near $8,460 on Tuesday, strengthening the case for a rise to the 200-day average at $9,100.
The pullback seen in the last 12 hours or so lacks volume support and could be short-lived.
Acceptance under Tuesday's low of $8,100 would abort the short-term bullish bias. Indicators, however, are reporting strong bullish momentum, so a drop below $8,100 looks unlikely.
Bitcoin jumped sharply on Tuesday, violating key resistance and opening the doors for a test of a widely followed technical line above $9,000.
The number one cryptocurrency by market value added nearly $800 to its price and ended the day (UTC) with 8.74 percent gains – the biggest single-day gain since Dec. 15, according to CoinDesk’s Bitcoin Price Index.
Back then, bitcoin had reversed higher from an eight-month low of $6,425 to score its first double-digit gain since Oct. 25. The big move from multi-month lows warned of an impending reversal of the six-month bearish period – a trend change that was confirmed with last week’s 11 percent price gain.
That bullish breakout has been bolstered by Tuesday’s move above $8,463 – passing the resistance of a lower high created on Jan. 8.
As a result, the next major resistance – the 200-day moving average (MA) located at $9,100 – could soon come into play.
At press time, bitcoin is changing hands near $8,710, representing a 1.4 percent gain on a 24-hour basis.
While prices have pulled back from Tuesday’s high of $8,900, the technical charts suggest it's nothing more than a temporary correction.
Daily chart
Bitcoin rose more than 8 percent and closed well above $8,463 on Tuesday. The breakout above the lower high was accompanied by the strongest buying volumes (green bar) since Nov. 25, according to Bitstamp data.
Volumes also rose sharply on major exchanges like Bitfinex and Coinbase, which are included in the calculation of Bitwise’s “real 10” bitcoin trading volume listing along with Bitstamp.
As a result, further gains could be in the offing, more so, as there are no signs of overbought conditions. The 14-day relative strength index is yet to cross into overbought territory above 70.00.
Further, bullish momentum is looking strong with the 5- and 10-day averages sloping upwards.
Hourly chart
In the six hours to 05:00 UTC, trading volumes dipped as the cryptocurrency pulled back from $8,900 to $8,555. A low-volume price drop is often short-lived.
The RSI has also realigned in favor of the bulls as opposed to above-70 readings seen 24 hours ago.
All in all, bitcoin looks set to pass the psychological resistance of $9,000 and test the 200-day MA at $9,100 in the short-term.
A UTC close above the 200-day MA would expose key resistances located at $9,400 and $10,350.
Popular analyst Josh Rager expects a potential break above $10,350 to set the tone for a major bull run for months to come.
The cryptocurrency reversed sharply lower from $10,350 in October, so a move past that resistance could attract keener buying.
The short-term bullish view would be invalidated if prices find acceptance under Tuesday's low of $8,105. That level could come into play if the cryptocurrency breaches the former hurdle-turned-support of $8,463 on the back of strong volumes.
Disclosure: The author does not currently hold any digital assets
Options on bitcoin futures
Options on exchange-traded bitcoin futures launched Monday on the Chicago Mercantile Exchange, in response to growing crypto attraction and demand for tools to manage bitcoin (BTC-USD) exposure.
While volumes and open interest on a rival exchange known as Bakkt have been "rather small," the new offering could be a game changer, said strategists at JPMorgan led by Nikolaos Panigirtzoglou. "The first day of trading might be irrelevant - the first weeks and months might be more material," added Mike McGlone, an analyst with Bloomberg Intelligence.
China Moves Toward Replacing Paper Cash !!! .....
China moves forward with digital strategy .....
The development of a digital yuan, or DECP, has taken a great leap forward, according to the People’s Bank of China, the nation’s central bank.
In a statement (in Chinese) Thursday, the bank said the “processes of top-level design, setting industry standards, developing potential functions and integration testing,” were “almost complete.”
The bank said it has been working on the expected two-tiered system that would offer “controllable” anonymity and the functionality to replace paper cash.
The central bank, which assembled a special task force to conduct research on digital currencies and established the Research Institute of Digital Currency, both in 2014, accelerated its digital yuan work after Facebook unveiled its digital currency project Libra in June.
As far as the central bank is concerned, DCEP beats Libra in terms of major technical features such as the ability to process transactions offline on mobile phones. It also claims one of the goals for the digital yuan is to promote the internationalization of the renminbi since it can be used in cross-border payments without going through banking intermediaries that charge a fee and take more time to process these transactions.
The bank statement did not say when the work on the digital yuan was expected to be completed.
Dubai Gets Serious About Cutting Government Paper Use .....
Dubai proves results like this can proceed whenever governments decide they want to become more efficient ..... save time and money ..... and get in step with "forward-thinking" planetary concerns .....
Obviously ..... some governments choose to resist "beneficial change" due to ..... "entrenched special interests" ..... along with partisan policy directives !!! .....
OCTOBER 9, 2019
DUBAI GOVERNMENT CUTS ANNUAL PAPER CONSUMPTION BY 74 MILLION PIECES
Dubai Government Cuts Annual Paper Consumption by 74 Million Pieces
The achievements fall under the umbrella of Smart Dubai’s Dubai
Paperless Strategy 2021.
Dubai, October 8, 2019 – Fifteen Dubai Government entities have successfully reduced their consumption of paper by 74 million pieces a year, saving 3.5 million hours and AED335 million in the process, as they implemented the Dubai Paperless Strategy 2021.
Launched by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council, in February 2019, the Dubai Paperless Strategy seeks to digitise all internal and external government and consumer transactions, rendering them all 100% paperless.
In line with its efforts to implement the Strategy’s second pillar, Smart Dubai showcased an ecosystem of smart, integrated services at GITEX Technology Week 2019 via the DubaiNow application, which now offers 88 services through digital seamless, integrated customer journeys, and acts as a one-stop shop for all of Dubai’s Government-To-Consumer services. Providing these services digitally has reduced the number of times individuals need to travel to customer service centres annually from 23 to 9, saving 28 hours per year.
Her Excellency Dr Aisha Bint Butti Bin Bishr, Director General of Smart Dubai, said: “Smart Dubai has always had the honour to play an instrumental role in implementing the visions and directives of the UAE leadership, and spearheading Dubai’s transformation into a world-leading smart city and a hub for advanced, avant-garde technologies. And today, as we take pride in celebrating the achievements of the success of the Dubai Paperless Strategy, we are also excited to announce that we will be working with 10 new government entities to ensure the complete elimination of paper from all of Dubai Government’s internal and Government to Consumer transactions.”
“We are also proud to announce 27 new services under six industry sectors, have been launched on the DubaiNow application this GITEX, all of which have been built with a core focus to serve the end user – residents and visitors of Dubai. Some of the services now available 100% digitally via the app are, renewing and cancelling residency of family members, signing a home rental contract to rent a house in Dubai, signing a Parent-School contract at the beginning of the new school year, and viewing Electric Vehicle Charger locations across the city. In addition to these, DubaiNow will also soon host more services under the Police, Health and Justice categories.”
So far the 15 entities that have made significant progress on their digital transformation as part of the Dubai Paperless Strategy are: Dubai Land Department (DLD), The Roads and Transport Authority (RTA), Knowledge and Human Resources Authority (KHDA), Dubai Airports, Dubai Police, Dubai Electricity and Water Authority (DEWA), Department of Economic Development (DED), Department of Tourism and Commerce Marketing (DTCM), Dubai Courts, Dubai Municipality (DM), Dubai Public Prosecution, Dubai Health Authority (DHA), Community Development Authority, the General Directorate of Residency and Foreigners Affairs - Dubai, and Dubai Customs.
Joining them will be 10 new entities: The Dubai Corporation for Ambulance Services, Islamic Affairs and Charitable Services Department, Dubai Media Inc., Department of Finance, Dubai Government Human Resources Department, Dubai Culture and Arts Authority, Dubai Civil Aviation Authority, Al Jalila Cultural Centre for Children, the Dubai Aviation City Corporation, and the Government of Dubai Legal Affairs Department. The objective of these 10 entities is to reduce their consumption of paper by 50% by April 2020.
In alignment with the Dubai Paperless Strategy, after December 2021 government entities will stop issuing or requesting paper documents from customers for all transactions, while government employees will also stop issuing or processing paper in key or supporting internal operations. The programme stands to economise over one billion pieces of paper used in the Dubai Government every year, saving 9,173 trees. It will additionally be saving Dubai’s residents and visitors over AED40 million and 125 million hours a year that would have been spent on paper transactions.
e-trade will allow this purchase
North American Bitcoin Conference: Rally caps will be on for cryptocurrencies at the high-profile event running in Miami from January 13-15. Bitcoin (BTC-USD) heads into the event hovering near the 8K level.
Agree. I can’t buy anything on the greys w TD. Can’t add to my position. Sucks
Should at least be on the pink sheets with visible bid and ask. Many of those companies haven't reported in 3 years or more. Worse than BITCF right now. Many more with that famous 'stop sign' on otc markets, or bankrupt. They all still have a bid and ask on the pink sheets. This greyshits sucks.
Would be nice if Rubin would just come out and say they 'intend to' get BITCF listed on the NASDAQ small cap market eventually.
Smart Dubai - 2020 Blockchain Empowerment Links .....
This link is able to open to many other Blockchain Technology related areas of U.A.E. growth ..... while the post following this one simply covers the first body of Dubai information .....
https://www.smartdubai.ae/initiatives/blockchain
Best Wishes
Dubai's 2020 Blockchain Empowerment Goals Realized !!! .....
I imagine at least a few people following this Board ..... First Bitcoin Capital Corp ..... $BITCF ..... realized I ..... most likely ..... would not forget entirely about Dubai's innovative 2020 Blockchain empowerment goal ..... since I had been posting about Dubai's Blockchain visionary goal quite a few months ago ..... It simply needed a bit more time to unfold further ..... And it clearly has !!! .....
From my perspective ..... Dubai has earned the right to be seen as a modern-day innovator ..... with all credit due to Blockchain Technology ..... and the forward-looking vision of their Leadership !!! ..... Guiding a diverse demographic with allegedly 90 % Immigrant population .....
The potential information provided by this link appears to be vast !!! ..... I took the time to read only the first offering which provided an overview .....
14 DECEMBER 2019
DUBAI ESTABLISHES ITSELF AS THE DIGITAL CAPITAL OF THE MIDDLE EAST
Government of Dubai Media Office- 14 December 2019: With a series of remarkable achievements in smart transformation in 2019, Dubai has emerged as the undisputed Digital Capital of the Middle East, a status endorsed by leading global reports on smart cities, Smart Dubai has revealed.
Over the year, the emirate has significantly expanded its technical capabilities and widened its smart transformation efforts to cover all operations and services of Dubai Government. A host of recent global reports have ranked Dubai ahead of major international cities in the field of smart transformation.
“Our ambition is not limited to being a regional leader but also includes becoming number one internationally, in line with our leadership’s vision to establish not only Dubai but also the UAE as a global leader in government excellence that places people’s well-being at the centre of its efforts,” Her Excellency Dr Aisha added.
According to the World Competitiveness Center of the International Institute for Management Development (IMD), one of the largest academic bodies specialised in this field worldwide, Dubai topped the MENA region in the “Smart Cities Index 2019”. The Index issued in October 2019, which evaluated 102 cities, ranked Dubai ahead of many major cities such as Paris, Rome, Brussels, Tokyo and Beijing.
Dubai also launched Dubai Pulse, a platform hosting aggregated and anonymised government datasets which can be accessed by anyone across the globe. The platform has recorded over 2 million visits so far.
Furthermore, Dubai became the first city in the Middle East to issue a report on the economic impact of open and shared data. According to the report, open and shared data networks across Dubai’s public and private sectors will lead to a spike in the gross value added to the emirate’s GDP by AED10.4 billion per annum after 2021. The report also revealed that publishing government data alone would yield around AED6.6 billion per annum in added value after 2021, amounting to 0.8-1.2% of the emirate’s projected GDP after 2021.
Audited financials should get this off the greys. No question. I’d bet 75% of OTC companies don’t have 3 years of audited fins!
SEC 12g filed, 3 years of audited financials complete. This should get BITCF past the pink sheets and right onto the OTCQB in my opinion. VERY long filing,,,,here it is.
https://seekingalpha.com/filing/4764834
SO what else would the corruptSEC need to at least let this trade on the pink sheets, immediately?
Bitcoin Makes One-Hour Valuation Surge .....
Many Investors believe geopolitical tensions and issues are driving Cryptocurrency Market volatility !!! ..... Digital assets ..... seen as a safe haven ? !!! .....
Most people likely realize ..... You need to open the link below the information to see the charts !!! .....
Also .....
For some market analysts and investors, bitcoin’s rally served to underscore the digital asset’s perceived value as a hedge against inflation, historically an economic consequence of major wars. Oil prices jumped in the aftermath of the killing, given Iran’s status as one of the world’s major producers, potentially a harbinger of higher gasoline costs at the pump for U.S. consumers.
CORRECTED: Bitcoin Price Jumps $200 in One Hour
January 7, 2020 ..... by Sesastian Sinclair
UPDATE: An earlier version of this article stated that the supply of tether (USDT) had surged $500 million in five minutes, based on data from CoinMarketCap. However, archived versions of Tether's treasury page show similar readings for the stablecoin's supply over the past few days.
Bitcoin's price jumped $200 in an hour and a half on Monday, rising to a 30-day high of $7,800.
The world's largest cryptocurrency by market capitalization climbed after data provider CoinMarketCap showed a sudden jump in the supply of stablecoin tether (USDT).
The 5 percent rise in bitcoin's (BTC) price initially appeared to be preceded by a $500 million increase in USDT's market capitalization, from around $4.14 billion at 20:49 UTC to $4.65 billion at 20:54 UTC.
Tether's treasury website currently reads a value of $4,776,470,463.76 in total assets, securing $4,656,898,280.75 of liabilities.
However, archived versions of the page show similar readings over the past few days, suggesting CoinMarketCap's data did not capture the full supply previously. USDT runs on several different blockchain networks, including Omni, ethereum, Tron and Liquid.
Traders can deposit U.S. dollars with Tether Ltd., the issuer of USDT, and receive the stablecoin in return. Since USDT is pegged 1:1 to the dollar and is used to move money quickly between crypto exchanges, a swelling of its market cap could have been interpreted as an increase in demand for digital assets.
Bitcoin price index
Source: Bitcoin Price Index
It remains unclear, then, exactly why bitcoin jumped late Monday. Talks surrounding BTC’s use case as a safe haven asset are dominating investor channels amid the backdrop of the Iran/US tensions that have been ongoing since Jan. 3.
At the time of writing the Dow Jones Industrial Average (DJIA) is up 0.25 percent while the S&P 500 (SPX) is up 0.35 percent. Crude oil (USOIL) has taken a small hit and is down 0.35 percent so the narrative of BTC being a safe haven asset during times of uncertainty remains unclear at this stage.
Other major cryptos such as ether and XRP are up significantly by 5.76 and 11.18 percent respectively.
CoinMarketCap's tether data
Source: CoinMarketCap USDT
A spokesperson for Tether did not respond to a request for comment, although after this article was published CTO Paolo Ardoino tweeted that CoinMarketCap had corrected its data.
"No issuance here," he wrote.
CoinMarketCap did not respond to a request for comment
Geopolitical Concerns Impact Cryptocurrency Markets .....
The title of this post comes as no "big surprise" to those paying attention to the valuation momentum of Cryptocurrency Markets during times of elevated global stress .....
Obviously ..... this effect is one more good reason to acknowledge the importance and status of Cryptocurrency ..... while empowering its growth and transition ..... in our "modern world" of ongoing global volatility .....
In a "worst case scenario" ..... digital currencies stand the best chance for survival ...... since their Blockchain Ledger happens to be globally "omnipresent" ..... in a way " brick-and-mortar Central Banking institutions"..... "inherently" ..... could ..... most likely ..... never be !!! .....
The link needs to be opened to view the charts and "tweets" referred to in this opinion piece !!! .....
Bitcoin Eyes Price Breakout Amid US-Iran Tensions
January 6, 2020 ..... by Omkar Godbole
View
Bitcoin may be drawing haven demand on US-Iran tensions, according to prominent analysts, and could soon confirm an inverse head-and-shoulders breakout on the daily chart with a UTC close above $7,580.
A daily chart indicator is reporting the strongest bullish bias in two months. A breakout would create room for at least a $1,000 rally.
A failure to hold above today's low of $7,342 would weaken the case for a breakout.
Bitcoin is drawing bids amid heightened geopolitical uncertainty and could soon rise above key resistance at $7,580, confirming a short-term bullish breakout.
The top cryptocurrency is currently trading at $7,530, representing a 1 percent gain on a 24-hour basis, according to CoinDesk's Bitcoin Price Index. Prices are now up nearly 10 percent from lows near $6,850 registered during the Asian trading hours on Friday.
Notably, the cryptocurrency picked up a bid at lows near $6,850 after the U.S. launched an airstrike at Baghdad’s international airport, killing top Iranian general Qassem Soleimani.
Tensions escalated over the weekend, with Iran's supreme leader Ayatollah Ali Khamenei promising revenge and President Trump warning Tehran against retaliatory actions.
Through all this, bitcoin remained bid and hit a two-week high of $7,580 earlier today.
Hence, many in the investor community think the US-Iran tensions are powering gains in bitcoin. After all, the cryptocurrency is considered as digital gold by the likes of Michael Novogratz, the founder of the cryptocurrency asset management firm Galaxy Digital. Novogratz tweeted on Sunday:
Backing Novogratz's view is popular trader Holger Zchaepitz, who expects bitcoin and gold to continue rising on the back of tensions in the Middle East.
While Novogratz and Zchaepitz consider bitcoin a safe haven, trader Ran NeuNer believes the cryptocurrency is still an uncorrelated asset and could be the best hedge against risk intensification.
With the safe-haven narrative strengthening, bitcoin looks set to scale resistance at $7,580.
Daily chart
Bitcoin is forming an inverse head-and-shoulders breakout on the daily chart (Bitstamp prices). A UTC close above $7,580 would confirm the breakout (a short-term bearish-to-bullish trend change) and open the doors for $8,735 (target as per the measured move method).
The breakout looks likely, with the 14-day relative strength index hovering at a two-month high of 56.00. A reading above 50 indicates bullish conditions.
Weekly chart
The long-tails attached to the hammer candle created in the seven days to Dec. 22 and the last week's doji candle indicate seller exhaustion and support the case for a breakout on the daily chart.
Even so, the bulls are cautioned against being too ambitious, as prominent analysts like @BitBitCrypto and Peter Schiff think the cryptocurrency has rallied since Friday due to speculators buying on the hope that bitcoin will attract haven demand from traditional investors.
So, an inverse head-and-shoulders breakout could end up trapping bulls on the wrong side of the market or may remain elusive if that flow dries up.
A failure to hold above today's low of $7,342 would validate the bearish view put forward by the descending 10-week moving average and likely yield a re-test of $6,850.
Disclosure: The author does not currently hold any digital assets.
First Bitcoin has endeavoured to complete its nine months of unaudited financial statements with the intention to list on the CSE and resume trading on a higher market in the USA which we anticipate accomplishing soon after our form 20-F is filed in the USA and Canada.
American Cancer Society Accepting Bitcoin Donations .....
Nice to see cryptocurrency serving "practical-convenient needs" for the benefit of humanity .....
So why has the SEC been seemingly dragging their feet with orchestrated regulatory obstruction concerning Corporate applications relative to cryptocurrencies ? ..... A slowdown ? .....
American Cancer Society Now Accepting Bitcoin Donations Through BitPay
December 24, 2019 ..... by William Foxley
The American Cancer Society (ACS), a non-profit organization committed to funding cancer research, is now accepting bitcoin donations through BitPay.
“Cancer affects people from all walks of life, so it’s not surprising that we draw support from a broad cross-section of donors,” ACS exec Brant Woodward told CoinDesk. “Our mission is urgent and in order to accomplish it, we need to engage donors where they are.”
Founded in 2011 as a bitcoin payment solution, BitPay said it has handled more than $50 million in donations since 2017 with partners such as the Tony Hawk Foundation and the American Red Cross.
Over the same period, the average crypto donation has hovered around $10,000, according to BitPay statistics. BitPay processes donations at a 1 percent flat-rate fee, which can be picked up by donors as well if they wish.
Working similarly to stock donations, crypto donations are acknowledged for tax purposes, as heralded during this year’s rendition of Giving Tuesday.
“In accepting bitcoin donations, charitable organizations attract new donors without ever having to hold bitcoin,” BitPay CEO Stephen Pair said. “BitPay verifies the funds and accepts the bitcoin on behalf of the organization and settles the transaction in USD or the preferred fiat.”
The ACS relies mostly on grassroots fundraising, particularly among people in their forties and fifties, Woodward told CoinDesk. As crypto is a nascent financial technology, the ACS hopes working with BitPay will bring younger donors into the fold.
“The reality is that more and more people are utilizing cryptocurrency,” said Woodward. “This allows us to be relevant with younger donors and provide frictionless giving opportunities for them and for us to meet them where they are.”
Omkar Godbole Provides Persuasive Bitcoin Empowerment Information .....
"Bitcoin Price Set to Outshine Gold and Stocks by Big Margin in 2019"
Omkar Godbole ..... December 20, 2019
Bitcoin is on track to end 2019 on a positive note and significantly outperform traditional assets like gold and stocks.
The number one cryptocurrency is currently trading at $7,125, representing a 93 percent gain on a year-to-date basis, according to CoinDesk's Bitcoin Price Index.
Prices rose from $3,700 to $13,880 in the first six months likely on the back of halving narrative (a supply cut due in May 2020). Facebook’s launch of cryptocurrency Libra in June further boosted buying.
The frenzy, however, ended in the third quarter with fear gripping the market that Libra might fast track stringent regulation for the entire crypto market. The sell-off was accentuated by miners selling their bitcoin rewards in the final quarter, as noted by crypto market analyst Willy Woo.
At press time, bitcoin is reporting a 48 percent loss from the high of $13,880 seen at the end of June. Prices hit seven-month lows below $6,500 earlier this week.
Despite the H2 downturn, bitcoin's full-year performance is positive, as mentioned above, and the cryptocurrency is outperforming gold and S&P 500 in a big way.
Gold, a classic haven asset, is currently trading at $1,477 per ounce – up 15 percent on a year-to-date basis. Meanwhile, the S&P 500 index, a benchmark for risk assets across the globe, is currently reporting a 28 percent gain for 2019. That its the biggest yearly gain since 1997.
Both assets likely benefitted from the U.S. Federal Reserve monetary easing. The central bank delivered three 25-basis-point interest rate cuts in the second half and has expanded its balance sheet by more than $300 billion since mid-September.
While bitcoin's 93-percent yearly gain looks staggering when compared to traditional markets, the number looks slightly less impressive if we take into account the cryptocurrency's historical performance.
Bitcoin has printed gains (green candles) in six years between 2011 and 2019.
The cryptocurrency rallied most – by 5,428 percent and 1,336 percent – in 2013 and 2017, respectively. Further, it gained 189 percent in 2012 and 124 percent in 2016.
This year's 93 percent yearly gain is actually the second-lowest on record, with the lowest rise of 34 percent being registered in 2015.
That said, bitcoin could still end 2019 higher, as the short-term charts are signaling scope for a move to resistance at $7,870.
Daily chart
Bitcoin has charted a series of lower highs and lower lows since July. The last lower high at $7,870 was printed on Nov. 29. A UTC close above that level is needed to confirm a short-term bearish-to-bullish trend change.
Bitcoin could rise to that level in the next couple of days, as the 14-day relative strength index (RSI) has diverged in favor of the bulls. A bullish divergence occurs when an indicator prints higher lows, contradicting lower lows on price, and is considered an early warning of an impending corrective bounce.
Additionally, Wednesday’s big bullish engulfing candle is indicating seller exhaustion.
Disclosure: The author currently holds no digital assets.
Optimistic 2020-Cryptocurrency-Insight Shared by Charles Hayter .....
I have been an avid proponent of Cryptocurrency for the last decade ..... and have always believed problematic areas with Cryptocurrency Markets would eventually be resolved over time ..... simply because one notices abundant "brilliance" in the Sector ..... and the need for more efficient and even-handed solutions in the Financial Services arena appears to be "legion" .....
Time for adoption and creative innovation has seemingly arrived !!! .....
"Out of the Ashes: Four Trends to Shape Crypto in 2020"
OPINION
Charles Hayter .... December 24, 2019
This post is part of CoinDesk's 2019 Year in Review, a collection of 100 op-eds, interviews and takes on the state of blockchain and the world. Charles Hayter is co-founder and CEO of digital asset data platform CryptoCompare. The views expressed here are his own.
Cast your minds back to the beginning of 2019, and the tenth anniversary of the mining of the bitcoin genesis block. The industry had very little to celebrate. Prices had sunk to new lows, while startups and even some of the industry’s heavyweights were beginning to feel the pinch.
There is a plethora of factors that drive interest in cryptocurrency. Two major dynamics are market volatility and clear examples of mainstream adoption. But there was little of either as the industry entered the new year: large-cap coins flatlined and volumes hit rock bottom. Wall Street firms like Goldman Sachs and Morgan Stanley quietly shelved plans to offer cryptocurrencies to their institutional clients. It seemed people had simply stopped caring about digital assets.
Now, as we approach year-end, we can see four major positive trends emerging.
First and perhaps foremost, we have seen rapid experimentation and implementation. A year of breakneck trial and error, development and refinement has seen the cryptocurrency market break into entirely new territory. Popular sportswear manufacturer New Balance began using the Cardano blockchain in its global supply chain; Malta’s Gambling Authority tested cryptocurrency in casinos; and the Bank of France said it will initiate trials for a digital currency in early 2020.
Second, there has been an explosion in the size and accessibility of crypto derivatives. Once the province of less than a handful of exchanges - notably Bitmex - large, established spot venues such as Binance, Huobi and OKEx, now all offer futures and even options on large-cap crypto assets. Looking at BTC Perpetual Futures, we can see how the market is becoming increasingly competitive as major exchanges begin to make inroads.
We are likely to see this trend solidify in 2020, as the dominant spot exchanges flex their considerable muscle in the derivatives market.
Third, decentralised finance has become a hotbed of innovation. The total value of DeFi projects has nearly tripled this year to over $650m. Leveraging new technologies for the trustless and secure provision of financial services means entirely new lending and margin trading facilities - wholly inconceivable only a few years ago - are now readily available. Traders can now seamlessly swap between different debt positions using InstaDApp, and companies such as Babel Finance in China provide large-scale miners with ready access to capital through crypto as collateral.
Last but not least, the industry has worked hard over the past year to solve some of the problems plaguing cryptocurrencies. New custodial solutions not only help companies and high net worth individuals keep cryptocurrencies secure from hackers, but some even allow remote token staking, meaning holders can secure the network and earn a passive income without putting themselves in harm’s way.
Overall, a great deal of work has been undertaken to establish best practices in the digital asset class. Industry bodies such as Global Digital Finance have worked with members to promote a shared set of professional standards that include a commitment to comply with relevant regulations. Substantial progress has been made worldwide with respect to regulation, encouraging financial market institutions to wake up to the potential of digital assets – both in terms of their ability to change the economic landscape and to offer an uncorrelated asset class. With companies such as JPMorgan beginning to implement their own digital currencies, it is fast becoming clear that even the digital markets’ biggest critics recognise this potential.
A surge of interest in crypto markets came in June with the Facebook Libra announcement: CME Group’s cash-settled bitcoin futures saw open interest hit an all-time high of 5,311 contracts totalling 26,555 BTC, then worth around $246m.
Also this year, nation states signalled interest in cryptocurrencies. The Chinese government went from banning citizens from buying cryptocurrencies with Renminbi to announcing in October that China fully endorsed blockchain technology and was developing its own state-backed digital currency. Trials are expected to take place in Shenzhen and Suzhou very soon.
In the US too, politicians and regulators have softened their position and Fed Chair Jay Powell even hinted at the release of a digital dollar. Cryptocurrencies may well end up playing an important role in shoring up nations’ economic supremacy.
In the private sector, regulated platforms have built out market infrastructure to accommodate mainstream demand. The launch of Bakkt’s physically settled bitcoin futures in September represented a major step towards providing institutional investors with a regulated means to gain exposure to cryptocurrency. And CME, which first launched its BTC futures in December 2017, is planning to launch options in early 2020, just as Bakkt did earlier this month.
Additional products that have come to market include exchange-traded products on the SIX Swiss exchange, offered by Amun and MVIS, and powered by CryptoCompare data. A bitcoin ETF may not be in sight just yet, but institutional investors are entering the asset class through alternative instruments. Grayscale’s Investment Fund for example, attracted a record $254.9m in Q3.
Importantly, the data underpinning the markets has seen a major clean-up this year, after data providers and the industry as a whole woke up to the problem of ‘fake’ volumes and the lack of transparency surrounding trading venues. With more granular metrics now available to rank good and bad actors, the industry is better equipped for decisionmaking.
So, as we look back over the last twelve months, the digital asset markets have diversified and grown. New trading facilities allow for more sophisticated strategies, as new service providers turn crypto from fringe asset class to fintech innovation hub. Vital market infrastructure and products tailored to a more sophisticated investor base are now readily available, encouraging traditional firms to enter the asset class. The regulatory framework, though nascent, is providing greater clarity to ensure market participants have a legitimate space to operate in.
We may still be far from the $20,000 bitcoin high in December 2017, but the mainstream foundations are now in place. As cryptocurrency enters its second decade, broad adoption will get well under way.
BITCF Indicates Increased Profits - Reduced Liabilities .....
First Bitcoin Capital Releases Unaudited Financial Statements for The Nine Months Ending September 30, 2019; Nears Completion of Filing Form 20-F
TEL AVIV, ISRAEL / ACCESSWIRE / December 19, 2019 / FIRST BITCOIN CAPITAL CORP (OTC PINK:BITCF) ("the Company") is pleased to announce that it has released its financial results for the 9 months ending September 30 2019.
For the nine months ending September 30 2019, First Bitcoin's assets, compared to the year ending 2018, increased from US$365,352 to $660,313. Also in 2019 asset gains were partially a result of exchanging, for preferred convertible shares, 1,000,000,000 of the Company's mineable cryptocurrency First Bitcoin (COIN:BIT) which coin's history of trading can be followed via coinmarketcap.com
The majority of our cryptocurrency assets are not reflected as showing any value on our balance sheet due to reporting those assets at our zero cost basis, as to the Company having been the generator of those assets. We also show no value on our balance sheet to the US$1,000,000 convertible note receivable that we exchange for 600,000,000 BITs since it is convertible into a thinly traded sub penny stock.
Liabilities decreased from US$258,597 to $145,423.
First Bitcoin has endeavoured to complete its nine months of unaudited financial statements with the intention to list on the CSE and resume trading on a higher market in the USA which we anticipate accomplishing soon after our form 20-F is filed in the USA and Canada.
Our audited and unaudited financial statements can be viewed here: https://firstbitcoin.io/investors/
About First Bitcoin Capital Corp
First Bitcoin Capital Corp (OTC Expert Market:BITCF) began developing digital currencies, proprietary blockchain technologies, and the digital currency exchange - www.CoinQX.com (in Beta) in early 2014. We saw this step as a tremendous opportunity to create further shareholder value by leveraging management's experience in developing and managing complex blockchain technologies and in developing new types of digital assets. Being the first publicly traded cryptocurrency and blockchain-centered company, we provide our shareholders with diversified exposure to digital cryptocurrencies and blockchain technologies.
The Company began developing its own blockchain and cryptocurrency called First Bitcoin (COIN:BIT) in 2016. Recently the Company updated the BIT wallet and added more functionality. Users are able to generate BIT through the processes of POW and POS mining. The First Bitcoin cryptocurrency has a current supply of 20,707,629,255 BIT. It is currently trading on LIVECOIN.net
https://coinmarketcap.com/currencies/first-bitcoin/
Contact us via: info@firstbitcoin.io or visit www.firstbitcoin.io
follow us on Twitter: @1stBitCapital
follow us on Linkedin: www.linkedin.com/company/first-bitcoin-capital-corp/
follow us on FaceBook: www.facebook.com/BITCF/
Forward-Looking Statements
Certain statements contained in this press release may constitute "forward-looking statements." Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as may be disclosed in company's filings. In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy changes. The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release. Such forward-looking statements are risks that are detailed in the Company's website and filings.
SOURCE: First Bitcoin Capital Corp.
Company news!!!
First Bitcoin Capital Releases Unaudited Financial Statements for The Nine Months Ending September 30, 2019; Nears Completion of Filing Form 20-F
https://finance.yahoo.com/news/first-bitcoin-capital-releases-unaudited-164500619.html
LOL I know, I feel the same way. This delay is such a damn joke.
No idea, can’t see anything because they can’t get off the damn greys!!! How come those financials from a few months back aren’t filed?? Venting, not specifically at you. Lol. Sry
Opens at 30 cents, whats going on?
I don't know if charts work for something with as high volume as btc.
Bitcoin Surge Anticipated By Professional "Chartist" .....
Not at all certain if you might be a chart person ? ..... But ..... for sure Mr. Godbole would be ..... and his input with the following information definitely gets my "juices flowing" again ..... if you are able to recognize what I am indicating .....
Godbole is way beyond my own comprehension relative to the interpretation and savvy of stock charts ..... I have yet to find a teacher who can put the subject into a simple to understand form for a beginner .... nor the time to undertake such a worthwhile study ..... though I have picked up a few basic important points over the last decade .....
One needs to open the link to see the charts posted as examples !!! ..... Best Wishes
"Bitcoin To See Return Of Bull Cross That Marked Onset Of 2016-17 Price Rally"
December 3, 2019 .... by Omkar Godbole
Omkar Godbole
Bitcoin’s 50- and 100-week moving averages (MAs) look set to produce a bullish crossover next week. Back in 2016, the same cross marked the start of a long-term bull market.
Prices could rise to key trendline resistance at $7,600 in the short-term. A break higher would expose the recent high of $7,870.
The short-term bullish case would be invalidated if prices drop below $6,847.
A bitcoin price indicator that marked the beginning of the 2016-17 bull market is about to make another appearance.
The cryptocurrency's 50-week MA is on track to cross above the 100-week MA next week. The resulting bullish crossover would be the first since May 2016, according to Bitstamp data.
MA crossovers are momentum indicators and help traders gauge the market trend. A bullish cross, therefore, suggests a rally is about to gather steam or a bull market is on the horizon.
It's worth noting that MA studies are based on historical data and that crossovers, especially longer duration ones, tend to lag prices. For instance, the 50-week MA is based on one-year-old data and the 100-week MA is sensitive to the price action seen over the last two years.
Put simply, the price rise from the December 2018 low of $3,122 to the June 2019 high of $13,880 has put the 50-week MA on an upward trajectory.
So it could be argued that the impending bull cross is a lagging indicator and has limited predictive powers.
Even so, the chart pattern warrants attention due to the fact that bitcoin broke into a 19-month long uptrend with the bullish crossover of the same averages in May 2016.
Weekly chart (2015-2017)
The 50-week MA found acceptance above the 100-week MA in the last week of May 2016, following which the cryptocurrency picked up a strong bid near $430 and charted its way a record high of around $20,000 in December 2017.
The low of $377 registered four weeks ahead of the confirmation of the crossover was never put to test again.
(Interestingly, bitcoin's bear market from the December 2013 highs above $1,160 ran out of steam with a bearish crossover of the same two averages in April 2015.)
Similar price action was observed earlier this year, as seen below.
Weekly chart (2018-19)
Bitcoin charted a higher low of $3,700 in February, despite confirmation of a bear cross, signaling an end of the bear market following record highs near $20,000.
With history perhaps looking to repeat itself, there's some reason to believe the upcoming bull cross of the 50- and 100-week MAs could bode well for bitcoin.
As for the next 24 hours, the probability of bitcoin witnessing an upside move is high. At press time, the cryptocurrency is changing hands at $7,270 on Bitstamp, representing a 0.75 percent drop on the day.
Daily and three-day charts
The long lower wicks attached to the previous two daily candles represent a rejection of lower prices or seller exhaustion. This, coupled with the MACD histogram's bullish turn to above zero indicates scope for a re-test of the descending trendline, currently at $7,600.
Also, with prices holding well above $6,847, the bullish hammer reversal pattern confirmed on the three-day chart last week is still valid.
That pattern would be invalidated if prices drop below $6,847, opening the doors for re-test of recent lows near $6,500.
Disclosure: The author holds no cryptocurrency assets at the time of writing.
LBOC, please try again. This time, $3 immediately and the other $8 seven years from now.
https://firstbitcoin.io/2016/08/01/leveraged-buyout-corporation-announces-intention-to-commence-a-tender-offer-for-shares-of-yasheng-group/
Ok so they completed their audit yet it doesn’t show up on OTCmarkets? Anybody know if they filed their fins w the SEC?? We have to get relisted and off the greys here! Come on BITCF!!!
It does look interesting. Tokenizing assets is one of the most promising use cases for blockchain, allowing normal people to invest in things they normally couldn't, and allowing people to raise capital in situations where it would't otherwise be feasible.
The company needs to give some revenue guidance, if any, to get investors more interested. JMO
This seems like a very interesting project. First Bitcoin Capital Enters Into MOU With BITCASAS INC In Order To Acquire A Major Stake In The World's First Online Cross-Border Platform For Making Investments In Tokenized Mortgage Loans
https://finance.yahoo.com/news/first-bitcoin-capital-enters-mou-100500882.html
Decent volume back to .14. Need some news on CSE listing and getting off the greys for OTC
What happened today? Such a big change on low volume. Glitch?
Cryptocurrency versus "Fiat-Paper"- FACE THE FACTS !!! .....
Considerable time and energy have been devoted to discussing the essential differences between "currency" and MONEY ..... along with the fundamental structural downside of the Central Banking System as it stands today ..... seen by many ..... as a major impediment to planetary fiscal well-being ..... due to its inherently "self-serving" nature ..... leveraged by way of "Fractional Reserve Lending" .....
Empowering cryptocurrency as a potential solution .... clearly suggests a viable option ..... which "enthroned Congressional protectionists" ..... decline to pursue for obvious reasons ..... Follow the money !!! .....
Facebook's Libra proposal raises an option toward an alternate path while Congress intends to mandate regulations with yet unforeseen consequences .....
Proposed House Bill "against decentralized currency" ..... To me ..... a very boring treatise loaded with "legalese double-speak" ..... and a primary reason to position "new faces" in service of the people demonstrating a sense of integrity !!! ..... while possibly returning to a prospect of lucid understanding .....
COORDINATING OVERSIGHT, UPGRADING AND INNOVATING TECHNOLOGY, AND EXAMINER REFORM ACT OF 2019 ----- as follows to the best of my ability in the moment .....
file:///C:/Users/Internet/Documents/Downloads/COUNTER%20Computer%20tech%20Act%202019.pdf
Mike Maloney offers a clear distinction between Currency and MONEY in his ten-episode series ..... "Hidden Secrets Of Money" ..... along with pointing out the problematic nature involved with our current "deficit-driven" model of monetary policy .....
Nobody yet has bothered to raise a single objection to Maloney's information or perspective ..... though one high-profile lawyer claimed to be researching "potential flaws" ..... though has seemingly ..... "given up the chase" ..... While I feel compelled to logically conclude ..... "There may be no VALID alternate perspective on the table for adult discussion !!!" ....
Supporting the Maloney series "hand-in-glove" would be the lengthy detailed-oriented history of .... Central Banking ..... offered by way of "The Money Masters" ..... which I found of significant value .....
Good catch , I’ve been pretty busy today so not had eyes in the market much. Good volume for ya today. 88k. Maybe somebody knows something.... I find that to usually be the case.
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CoinQX.com, a wholly-owned subsidiary of First Bitcoin Capital Corp.com, which is currently trading on OTC Markets under symbol BITCF, is the first publically-traded digital currency exchange
offering a safe and secure platform for the seamless conversion and trading of Bitcoin and more than 100 other crypto-currencies.
CoinQX.com will offer traders the option of creating a digital wallet in order to begin trading crypto-currency with ease and efficiency.
The front-end suite provides Bitcoin traders with a comprehensive market view with advanced functionality including customizable market depth, time and sales,
advanced charting with overlays, drawing tools, customizable time-frames and indicators, and algorithmic trading.
LATEST NEWS
TEL AVIV, ISRAEL / ACCESSWIRE / July 16, 2019 / FIRST BITCOIN CAPITAL CORP (OTC PINK: BITCF) ("the Company") a prolific generator of more than 100 unique cryptocurrencies and the developer of blockchain powered technology is proud to announce today that it has entered into a purchase agreement to acquire U.S. Patent No. 9,135,787 - “Bitcoin Kiosk / ATM Device and System Integrating Enrollment Protocol and Method of Using the Same.” Known as the “Bitcoin ATM patent” this patent is related to the purchase and sale of cryptocurrencies utilizing a Bitcoin ATM or kiosk that allows customers to purchase Bitcoin or other cryptocurrencies by using cash or debit or credit cards.
Bitcoin ATMs do not require their users to have bank accounts, so customers can simply pay and instantly buy or sell Bitcoin or other cryptocurrencies.
Greg Rubin, Company’s Chief Executive Officer stated, “Being the first ever publicly traded company in the Bitcoin and Blockchain industry, we are always developing, identifying and looking to acquire important intellectual properties, as we believe that this patent will provide us a unique and leveraged position, in addition to our other projects as we continue moving forward into the digital asset and cryptocurrency businesses. This patent complements our innovation in the field.”
According to Coin ATM Radar, there are more than 3,000 Bitcoin ATMs in the United States as of July, 2019, with average daily 3.7 Bitcoin ATM installations in the US.
https://coinatmradar.com/charts/growth/united-states/
All Bitcoin ATMs and Kiosks manufactured and sold in the U.S., and all Bitcoin ATMs and Kiosks operated in the U.S. are believed to be subject to this patent and the company intends to enforce its right upon acquisition of same.
U.S. Bitcoin ATMs represent 13.5 percent of all venues transacting in the digital currency worldwide, according to research by Larry Cermak, head of analysis at The Block.
It is expected that this number of Bitcoin ATMs will continue to rise in the near future with more and more people discovering bitcoin as a payment method and store of value.
First Bitcoin will develop strategies for structuring and implementation of an IP management plan. A business plan prepared by a third party foresees the owner of this unique Bitcoin patent earning more than 50 million dollars in profits over a 5 years period.
The acquisition of the Bitcoin ATM Patent was arranged through the facilities of IPOfferings LLC, a leading patent brokerage, patent valuation and IP consulting services firm."
About First Bitcoin Capital Corp
First Bitcoin Capital Corp (BITCF) (BITCF) (BITCF) began developing digital currencies, proprietary Blockchain technologies, and the digital currency exchange - www.CoinQX.com (in Beta) in early 2014. We saw this step as a tremendous opportunity to create further shareholder value by leveraging management's experience in developing and managing complex Blockchain technologies and in developing new types of digital assets. Being the first publicly-traded cryptocurrency and BlockChain-centered Company, we provide our shareholders with diversified exposure to digital cryptocurrencies and BlockChain technologies.
The Company began developing it's own blockchain and cryptocurrency called First Bitcoin (COIN:BIT) in 2016. Recently the Company updated the BIT wallet and added more functionality. Users are able to generate BIT through the processes of POW and POS mining. The First Bitcoin cryptocurrency has a current supply of 20,707,629,255 BIT. It is currently trading on LIVECOIN.net
https://coinmarketcap.com/currencies/first-bitcoin/
Contact us via: info@firstbitcoin.io or visit www.firstbitcoin.io
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