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Looks like Shorters and flippers are bailing. This is a positive.
SANP $$$$$$$$$
Wow this is one profitable mega merger.
IFXY $$$$$$$$$
Yup. They said “Get ready for the transition.”
IFXY $$$$$$$
Some people invest money that they don’t have or they panic when share prices goes down. Either way an individual needs to know what they own and also have confidence in their judgement and in the organization that they are investing in. JMHO.
SANP $$$$$$$ SANTOCASH
Wow Chartmaster, I never thought of it like that. Great points.
SANP $$$$$$$ SANTOCASH
INTV $$$$$
Ripple Splash: TechCrunch Founder Launches $100 Million XRP Hedge Fund
Josiah Wilmoth
1 min ago
Arrington XRP Capital Ripple
Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month.
TechCrunch founder Michael Arrington has announced the creation of a $100 million hedge fund that will be denominated in XRP, the native token of Ripple.
Arrington made the announcement at the Consensus: Invest conference in New York, revealing that the fund will be called Arrington XRP Capital. Significantly, investors will buy shares of the fund and receive distributions in XRP, the native currency of the Ripple Consensus Ledger (RCL) and the fourth largest cryptocurrency by total market cap.
“A year ago I was just a crypto enthusiast,” Arrington wrote in a blog post that accompanied the announcement. “Now I’ve altered my career path to focus entirely on cryptocurrencies and related technologies. And this isn’t just a short term focus. With this new fund I’m signaling my intent to spend the rest of my career on cryptocurrencies. There will be dramatic ups and downs along the way, but we’re in this for the long haul.”
The CrunchFund founder wrote that he and the other founding partners of Arrington XRP Capital chose to denominate the fund in cryptocurrency rather than fiat to make it easier for cryptocurrency holders and foreign investors to participate in the fund. They chose XRP due to its “super-fast and secure settlement infrastructure,” which has also been adopted by financial services heavyweights such as American Express.
Arrington said that this feature is not a mere gimmick but will be an integral component of the fund’s operations:
Advertisement:
“We’ll pay our own fees and salaries out in XRP as well. We want to “eat our own dog food” and be active users of crypto currencies in as many parts of our fund operations as possible, not just investors. This will make us better investors,” he wrote.
According to Fortune, the fund — which has raised approximately half of its $100 million target — will invest primarily in cryptocurrencies and initial coin offerings (ICOs), although it may obtain small equity stakes in blockchain startups.
XRP traded up on the news, briefly cracking the $0.30 barrier for the first time since June. At present, XRP is trading at $0.286, which represents a 24-hour increase of six percent and gives the cryptocurrency a market cap of $11.1 billion.
INTV $$$$$
Ludlow Research Initiates Coverage on Integrated Ventures Based on Successful Launch of Cryptocurrency Mining Operations.
2017-11-29 | INTVCORP
Philadelphia, PA., November 29, 2017 /PRNewswire/ -- Integrated Ventures, Inc., (OTCQB: INTV)is pleased to announce that a research report on the company is now available for review.
Report Highlights:
- Launched Cryptocurrency Mining Operations
- 65 Mining Units Received and 50 Installed
- Liquid Equity Position Valued at $133k
- Improved Revenue Outlook
- Improving Cash Position
- Easily Manageable Convertible Debt Level (under $37k)
- 8.3 Million Shares Outstanding
- Low Market Cap Valuation
Summary:
In the report, Ludlow Research made note of Integrated Ventures, Inc commencing its Cryptocurrency Mining operations, improving revenue outlook, decreasing convertible debt,
and low market cap valuation compared to others within their sector as points of highlight.
Based on the Company's successful launch of Cryptocurrency Mining operations, and low market cap valuation, Ludlow Research has initiated research coverage on Integrated Ventures, Inc (INTV).
To download the full report, risks, and disclosures on this Company, please visit
http://www.ludlowresearch.com/reports.html.
About Ludlow Research
Ludlow Research is a New York based equity research firm that focuses on providing research coverage and investor awareness services to emerging small-cap companies. For over 15 years, we have worked to provide our readers with a simple way of evaluating the current and potential value of small-cap companies, while garnering these clients greater market awareness to new investors.
For more information about the Company, please visit www.ludlowresearch.com.
Contact:
Ludlow Research
Phone: (347) 483-0121
Email: info@ludlowresearch.com
About Integrated Ventures, Inc.
The Company is focused on acquiring, launching and operating companies, primarily in the mobile technologies, ride share transportation and cryptocurrency sector consisting of digital asset mining, hosting, pooling, mining equipment manufacturing and the development of blockchain based applications for financial markets. More details about the Company is available at www.integratedventuresinc.com.
Safe Harbor Statement:
The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "explores," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, and various other factors beyond the Company's control.
SANP SANTOCASH
So Long, $10k: Bitcoin Price Unstoppable As $11,000 Becomes New Benchmark
733 Total views 88 Total shares
So Long, $10k: Bitcoin Price Unstoppable As $11,000 Becomes New Benchmark BREAKING
Despite hitting $10,000 among major exchanges just hours ago, Bitcoin has already tackled $11,000 as markets show no signs of slowing.
The first hours of Wednesday saw $10,000 come and ago on Coinbase, Bitstamp, Bitfinex and others, with trading continuing to just below $10,700 before a correction.
That correction was short-lived, however, with Bitcoin then passing that mark to first hover around $10,750 and then continue to the next barrier soon afterwards.
Both Bitcoin’s rate of growth and comparative lack of volatility are unprecedented in its history.
Prices are up almost 1500% in 2017 alone, with expectations by even the more optimistic forecasters now seeming modest.
New bubble warnings in the mainstream press contrast with investment sources at a loss as to how high Bitcoin could go in 2018.
BTCC CEO Bobby Lee even took a randomized approach, basing his $48,000 prediction on the number of his Twitter followers.
Meanwhile, Tone Vays, the technical commentator who has seen his short-term tips come true with remarkable accuracy in recent months, said that $12,000 would now come “quickly” due to profit takers having completed their activity.
Server error.
SANP $$$$$$$
Great potential here. SANP
A New Blockchain ETF Is Up for SEC Approval
Sujha Sundararajan
9 mins ago
Horizons ETFs Management has filed for a new blockchain exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC).
The SEC filing, dated Nov. 22, reveals that the blockchain fund – called the Horizons Blockchain Index – will invest at least 80 percent of its total assets in the common stock of the companies that are included. The index will invest in U.S. and foreign equity securities and companies that participate in "the adoption and integration" blockchain technology.
The prospectus states:
"The [ETF] is an index fund that employs a 'passive management' investment strategy in seeking to provide investment results that, before fees and expenses, generally correspond to the performance of the Horizons Blockchain Index."
Horizons ETFs Management will track the index using "a replication strategy", the filing indicates – that is, it will invest in common stock in the index generally in proportion to its weighting. Further it hopes to accrue profits from companies "companies poised to grow due to blockchain."
Earlier this month, two other ETF specialists also filed with the SEC for blockchain-related vehicles.
In its filing, Reality Shares Advisors revealed its plans to work with Nasdaq to offer securities for different blockchain companies. Amplify Trust ETF also filed for permission to invest and trade in blockchain startups.
Awesome.
INTV $$$$$$$
Awesome.
SANP SANTOCASH
Bitcoin crosses $10,000 milestone
29 November 2017 Technology
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Image copyright GETTY IMAGES Bitcoin
Image caption Bitcoin's value has fluctuated widely during its nine-year existence
The value of one bitcoin has gone past $10,000 (£7,493).
The virtual currency reached the benchmark for the first time, just days after it passed $9,000.
It caps a remarkable rise in value for the crypto-currency, which was trading below $1,000 at the start of the year.
Some experts believe the asset still has far to soar , but others say it represents a speculative bubble with nothing tangible at its core that could burst any time.
The total value of all the bitcoins in existence has now surpassed $167bn.
What's behind the Bitcoin gold rush?
New heights
Bitcoin in graphs
Bitcoin first reached $1,000 in late-2013 and then dipped significantly before starting a volatile climb to its current value.
It is not entirely clear what has driven the sudden rise in value, especially because the past few weeks have been marked by action by some financial regulators to limit its use.
One factor that may have helped was the US-based derivatives marketplace operator CME Group's announcement at the start of the month that it planned to launch a Bitcoin futures product before the end of 2017, which bolstered confidence in its prospects.
Another was a decision to drop a controversial plan known as Segwit2x.
This would have altered the way Bitcoin's underlying technology, the blockchain, worked, to help it handle more transactions.
But the move risked splitting the community.
Many industry watchers believe the rapid rise in value will not be sustained and expect its value to suddenly fall sharply.
Bitcoins were first produced in 2009 and took a long time to become an accepted holder of monetary value that could be swapped for real-world cash.
One early transaction involved using 10,000 bitcoins to buy two pizzas.
The boom has led to a general rise in many other virtual currencies.
One, known as Ethereum, is now worth about $480, but at the start of 2017 each one was worth only about $10.
Many others are also trying to profit from the growing interest in crypto-currencies.
Bitcoin scam
Image caption Con artists are sending Bitcoin-based scams to phone users, pretending to be from the news site CoinDesk
Many malware writers are now seeking to install software on vulnerable websites that create or "mine" the coins.
Yup! If Bitcoin hits 15k by EOY. We are going to see some big share price changes in the near future.
SANP SANTOCASH
It's Official: Bitcoin's Price Makes History Passing $10k
Omkar Godbole
9 hours ago
After a day of tepid approaches toward the total, the price of bitcoin rose above $10,000 on CoinDesk's Bitcoin Price Index (BPI) for the first time in history today.
Having scaled to $9,000 this weekend, the world's largest cryptocurrency by market capitalization hit a new high of $10,044 at 1:45 UTC, market data shows. The move came after exchanges in South Korea saw trading above that threshold yesterday and today, though U.S. exchanges had yet to mark the milestone.
However, at press time, domestic exchanges including Coinbase's GDAX exchange, Paxos's itBit exchange and Gemini, were all posting spot prices above the $10,000 mark.
With the move, bitcoin is now up more than 900 percent on a year-to-date basis, with prices climbing 230 percent since a low of $3,000 in mid-September.
The meteoric rise has pushed the combined market value for all cryptocurrencies to a new high. Bitcoin's market capitalization is now close to $170 billion, additional market data shows.
Absolutely. SANP SANTOCASH
New All Time High – A Single Bitcoin is Now Worth $10,000
Nov 29, 2017
Markets and Prices
Bitcoin’s price has reached $10,000 USD per BTC across global exchanges, and bitcoiners everywhere are celebrating with glee. The decentralized currency has captured the five-digit price range just a few weeks before the end of 2018.
See also: 12.6M Viewers Will Hear About Bitcoin Watching The Big Bang Theory
‘If You Don’t Believe It or Don’t Get It, I Don’t Have the Time to Try to Convince You, Sorry’ ~ Satoshi Nakamoto
Those famous words continuously ring in the ears of bitcoin naysayers to this day. Now, all the believers who predicted bitcoin would reach $10K by 2018 were right on the money this year as BTC has touched new boundaries. The digital asset just surpassed $9K just two days ago and at approximately 9:45 pm on November 28, 2017, bitcoin’s value captured $10,000 price range. Bitcoin has outpaced every single nation-state issued fiat currency by miles and continues to perform better than commodities like precious metals. Earlier this year many people forecasted bitcoin would hit $10K by the end of 2017 however one man predicted it would three years ago.
Tim Draper the ‘Bitcoin Nostradamus’
Back in September of 2014 the notorious tech-venture capitalist, Tim Draper, told the world that bitcoin would reach $10K by 2018. At the time the price was $400 as it was entering a year-long price slump and was dubbed “Worst Currency of the Year” by many mainstream news publications. Mr. Draper also threw down on a monstrous cache of bitcoin purchased from the Silk Road Auction. The man purchased 30,000 BTC for $13M, and now that stash is worth over $300M making him a cool $287M in just a few years. Other notable financial moguls that had predicted the latest price high include former Fortress tycoon Mike Novogratz, Fundstrat’s Tom Lee and many more. Even Mark Cuban recently explained to Business Insider that bitcoin would continue to rise as long as it remains a store of value.
Bitcoin 2013 to now.
Last Year News.Bitcoin.com Asked Readers: What Would You Do If Bitcoin Hit $10K?
Additionally back in May of 2016, we asked news.Bitcoin.com readers what would happen if bitcoin hits $10K? Many cryptocurrency enthusiasts revealed what they would do if the digital asset reached this price territory. One reader explains;
There is no ‘cashing out’ from my standpoint. This is about exiting the Federal Reserve note-based (FRN) system. I always ask gold bugs about their exit strategy and they never answer me. If one ounce of gold traded for $10,000 would you cash out? If so why would you want FRN if you need $10,000 to obtain one ounce of a shiny metal?
Bitcoin surpassed $10,050 per BTC on November 28, 2017, on Bitstamp.
Cryptocurrency Markets Show Enormous Energy This Month
Today alone, bitcoin’s market cap has surpassed over $167B, and BTC markets have seen over $6.3B worth of bitcoin trade volume over the past 24-hours. Further, since bitcoin was unleashed into the world, there are now over 1,322 cryptocurrency clones out there trying to compete. It took eight years for the entire cryptocurrency market cap to reach $200B, but it only took 24 days for the crypto-universe to capture $300B. The top ten exchanges swapping the most bitcoin this month include Bitfinex, Bithumb, GDAX, Hitbtc, Bitflyer, Bitstamp, Coinone, Bittrex, Poloniex, and Korbit. The top three countries right now exchanging the most substantial sums of BTC are Japan, the U.S., and South Korea commanding the majority of this month’s trade volumes.
$10K Is No Moon; This Is Just the Beginning
Now more than ever people hear about bitcoin and the benefits it has to offer. Bitcoin is discussed on every financial news outlet, the technology is talked about on television shows with millions of viewers, and the world’s nation states are now taking bitcoin very seriously. In reality, true BTC believers know that the masses are just getting their first taste of digital asset technology and $10K is only the beginning.
What do you think about bitcoin reaching $10,000 per BTC? Let us know in the comments below.
Disclaimer: Bitcoin price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice. Neither Bitcoin.com nor the author is responsible for any losses or gains, as the ultimate decision to conduct a trade is made by the reader. Always remember that only those in possession of the private keys are in control of the “money.”
Absolutely. Check the bid/size at
.0002. This is very comical. This will be an epic run.
SANP $$$$$$$$ SANTOCASH
Very well put, 714.
SANP $$$$$$$
Why do we have calm down? Interesting advice from someone I never even known.
SANP $$$$$$$$$$
Let’s see what happens in about 5 hours. http://podwerks.com/account
SANP $$$$$$$
Absolutely. The reason why SANP is going to be very successful in mining Crytocurrency, is due to the fact that Canoe already has the blueprint from their preexisting facilities in China. This is going to be a tight knitted organization with primarily focusing on mining Crytocurrency and growing in anyway related to the Crytocurrency legacy.
SANP $$$$$$
Lol
SANP $$$$$$
Yup! Awesome. It’s not a game. Keep buying and do something really positive with your profits when everything comes to fruition.
SANP $$$$$$
SANP
Bitcoin Price Hits $10,000
36843 Total views 2622 Total shares
Bitcoin Price Hits $10,000 HOT NEWS BREAKING
Bitcoin has finally surmounted the greatest psychological barrier of all, passing $10,000 and showing no signs of stopping. Following a week of consolidating at all-time high levels around $8,000, Bitcoin found the strength to move up powerfully over the Thanksgiving weekend.
Black Friday saw the currency hit new highs in the upper $8,000s before surmounting the $9,000 level Saturday and immediately charging toward the $10,000 mark Sunday. These price increase come on unusually high volume, with fear of missing out (FOMO) bringing new investors in rapidly.
Bitcoin has had a stunning year, by anyone’s accounting. Having started the year at just under $1,000, the price jump to over $10,000 represents some incredible changes. This growth is not a flash-in-the-pan either, but is supported by growing mainstream adoption and massive trading volume. In just the past 24 hours Bitcoin’s trading volume has exceeded $5 bln.
Major announcements
The year has been filled with major announcements that signal the widespread acceptance and growth of Bitcoin. Extensive coverage by mainstream analysts was followed by huge growth in Bitcoin hedge funds and institutional investors.
Now the launch of regulated futures markets is imminent, and Bitcoin has become the investment du jour of the financial community. Whether they love it or hate it, big bankers can’t keep their mouths shut about Bitcoin.
The attention Bitcoin has garnered from mainstream media has been astounding. Only a year ago, news would spread of a local newspaper mentioning Bitcoin, and the community would be thrilled. Now, major publications mention Bitcoin daily, and no one is surprised. Bitcoin has literally gone viral.
Further, the growth in hedge funds that invest in cryptocurrencies has exploded as well. As early as August, the news that 70 new funds could be starting was a headline. Now, the existence of 120 new or modified crypto related funds barely warrants a head nod.
Another major contributing factor for Bitcoin’s sizeable gains is the reality that Bitcoin futures will soon be traded on major regulated markets. Two of the world’s largest futures markets, the Chicago Mercantile Exchange (CME) and the Chicago Board of Options Exchange (CBOE), will soon launch Bitcoin futures.
Network growth
As adoption increases, the network is forced to keep pace. However, Bitcoin has continued to maintain a huge transaction volume as the price has increased. As shown below, the daily transaction volume is now over $2 bln.
USD
As transactions continue to proliferate, Bitcoin mining has become increasingly profitable as well. Miners today make $1.5 mln in fees alone, not including block rewards. Consider the chart below, as the market has increased, the mining returns have increased exponentially as well.
Global adoption
All this growth in adoption is not localized either. The entire global community has begun to embrace Bitcoin, from Venezuela to Zimbabwe, and from South Korea to Switzerland. The international transactions numbers have been steadily rising since Bitcoin’s inception.
Euro
The numbers are staggering, but what is most encouraging is that the growth in markets has not been geographically localized. A simple perusal of charts from various countries around the world indicates that adoption is not localized, but global, and nearly uniform.
Regions with greater access to technology have, of course, seen the most consistent adoption curves. For example, consider the European adoption graph below, and note that the adoption has steadily grown, but the huge jumps are not the norm.
However, other nations with substantially less democratized technology are just now catching up. Venezuela is a great example; as the Bolivar has devalued, the adoption of Bitcoin has risen exponentially.
Venezuelan Bolivar
Part of the growth in global access has been the sudden increase in Bitcoin ATMs, as well. A remarkable 4.8 Bitcoin ATMs are installed somewhere on a daily basis, and those numbers will only continue to grow as new ATM companies come online all the time.
Chart
With all this news, it should be no surprise that Bitcoin has crossed the $10,000 mark. And certainly, as adoption continues to grow, the price will undoubtedly increase, since new users must buy in at current rates and will drive the price up.
Whether the bulls or bears will ultimately have their way remains to be seen, but an analysis of volume and transactions would indicate that not only is there no bubble, but the vast majority of the public are now beginning to gain awareness of digital currency. Coinbase, and other exchanges report huge moves in user growth. This could be just the beginning.
Absolutely. Don’t be fooled there is about 100 million on the volume. This is the ultimate retirement package.
SANP $$$$$$$$
Absolutely correct, MeLotsOfMoney.
SANP $$$$$$$
Good morning, DJ. The magnitude of this deal is so tremendous, that Canoe Pool and SANP had to play 007 to get out of China safely without getting Wacked. Ok, they was successful with that phrase. Now they we’ll be setting up Canoe America. Honestly, do you really think they care about share structure or what entities are manipulating the share prices.
This investment opportunity is for investors that knows the history of Bitcoin and investor who wants control of how their currency is transacted. Of course, there are going to be many adversities along the way.
More 3s please.
SANP $$$$$$
Ya Chartmaster, I’ll be retiring next year at 43. Awesome. $40,000 per Bitcoin. More 3s please. Congrats to all Longs.
SANP $$$$$
It’s OK. I’m not in a rush to become filthy rich. More 3s please. Can’t wait for 9:30.
SANP $$$$$$$$
Awesome 10k.
SANP
Bitcoin Price Surpasses 1,000,000 Yen as Japan Seizes Nearly 60% Market Share
525 Total shares
Bitcoin Price Surpasses 1,000,000 Yen as Japan Seizes Nearly 60% Market Share
NEWS
Yesterday, amid a rally that pushed Bitcoin to all-time highs globally, the price of a single Bitcoin broke 1,000,000 yen. While Westerners eye the sensational $10,000 level, Japan has seen their biggest psychological price barrier shattered. This is fitting, since there’s reason to believe that Japan started the massive Bitcoin rally to begin with.
Granted, Bitcoin’s price has been steadily rising since the fall of 2016, but April’s news that Japan had formally recognized Bitcoin as a legal currency certainly helped propel the currency to new heights. By exempting the currency from an 8% consumption tax, Japan further increased citizens’ desire to own Bitcoin.
Increasing adoption, growing volumes
Bitcoin’s rising price has been attributed to increasing adoption and continuing integration into mainstream financial markets. In Japan, good news continues to come to the fore, with major conglomerates becoming involved with Bitcoin, and trading volume from shuttered Chinese exchanges coming to Japan’s markets due to favorable regulations.
In fact, China’s ban on Bitcoin exchanges pushed Japan to the forefront of the world’s Bitcoin markets. Beginning in September, and continuing to the present time, the majority of Bitcoin trading has been denominated in Japanese yen. At press time, the yen is responsible for an impressive 59.6% of all Bitcoin trades worldwide.
While China dominated the Bitcoin trade for years, it’s clear that the crown has passed to the island nation of Japan. What happens on Japanese markets has powerful ripple effects throughout the global Bitcoin economy. Japan’s continued bullishness, indicated by Bitcoin’s current price of 1,084,000 yen, makes an assault on the West’s $10,000 level nearly inevitable.
Awesome. I had the same dream.
SANP $$$$$$$$
SANP
Paradise Papers Reveal Possible Link to Xiaomi Boss and Bitmain
November 27, 2017
Chinese billionaire and CEO of mobile phone and home electronics maker Xiaomi has been tentatively linked to Bitmain in the recently released Paradise Papers. While the connection is not entirely concrete, the potential implications of a business magnate like Lei Jun being involved in Bitcoin could be significant.
Xiaomi and Lei Jun
Xiaomi is a Chinese company that became famous for making Android-powered iPhone copycats. The company’s name in Chinese uses the characters for small and rice.
Instead of using only low-quality materials and not focusing on user experience as many other iPhone copycat makers do, Xiaomi instead concentrated on user experience and building a brand. Xiaomi phones are now available across the globe, and often have a starting retail price of around $100.
The company also produces various other personal home electronics such as air purifiers, laptop computers, headphones for sale on the domestic Chinese market. The company is now venturing into shoes and clothing. The success of the company has given boss Lei Jun a fortune of nearly $7 billion.
Lei Jun and Bitmain
The connection between Lei Jun and Bitmain, the maker of the Antminer S9 and L3 miners, is established through a company that exists between the two parties. That company is Beijing Changtong Wuxian Consulting Company, which is linked to both Lei Jun and Bitmain’s Jihan Wu.
In China, it is quite common for successful and wealthy business people to stack their investments through a chain of holding companies. This is done for tax reasons, and can sometimes be done in order to obfuscate ownership. A search on the Chinese language internet for information about the holding company yielded no results, implying that this company does not directly do business out in the open.
Potential Impact on Bitcoin in China
At present, Bitcoin in China holds a legally tenuous position. The Chinese government does not recognize it as a legal currency, and stores and businesses are not allowed to accept it as a form of payment due to fears of tax avoidance and delegitimizing the Renminbi. The country banned all domestic cryptocurrency exchanges earlier this year, and then later banned all Chinese citizens and companies from participating in or offering an ICO.
Bitmain, however, is apparently receiving support from the government. It is a common and well-known practice for industries to sign under the table agreements with local governments to receive beneficial treatment in the form of reduced electricity costs or land prices in exchange for building a factory to improve the local economy.
Last month, images of a cease and desist letter from a local Sichuan provincial electrical station appeared on the internet. The letter declared Bitcoin mining ‘illegal,’ but the national government has not made such a declaration as of yet. Fears of Bitcoin mining becoming illegal have caused some China-based miners to consider relocating their operations to a different country.
However, if a billionaire and industry leader like Lei Jun were to be investing in and supporting Bitcoin mining in China, it could cause regulators to think twice before making any decisions regarding Bitcoin mining. At this point though, all we have is the tenuous link in the Paradise Papers which by itself is inconclusive.
The post Paradise Papers Reveal Possible Link to Xiaomi Boss and Bitmain appeared first on BTCMANAGER.
SANP
shake ya Ask, watch yourself. Show me what ya working with......
SANP
Bitcoin Will Be Safe Haven During Next Stock Market Crash, Says Expert
38853 Total views 999 Total shares
Bitcoin Will Be Safe Haven During Next Stock Market Crash, Says Expert ANALYSIS
As Bitcoin powered ahead to a new high for a second week in a row, some have speculated that institutional investors could seek safe haven in the virtual currency in the future. The prevailing rhetoric over the past month has been more affirming than damning of cryptocurrencies, with the likes of Ronnie Moas and Max Keiser predicting new highs in 2018. Speaking to RT, eToro analyst Mikhail Mashchenko says financial institutions could look to Bitcoin if a major financial crash hits global markets.
“The demand for Bitcoin is growing as the crypto market has become less volatile, and an increasing number of professional investors see it as insurance.”
Second-oldest bull market
The current bull market in stocks is the second-longest in history, according to Fortune, having lasted 104 months so far. The longest bull market in history ended in 2000 after an impressive 113 month run. With the current rally getting a bit long in the tooth, many on Wall Street are making contingency plans for the stock market’s inevitable turn. If Mashchenko is right, Bitcoin will have a role in some of these plans.
Shifting opinions
Mashchenko’s statements come on the back of changing sentiment in the mainstream financial sector. Last week, JP Morgan Chase announced plans to offer Bitcoin futures on the Chicago Mercantile Exchange - an important move by one of the biggest banking and financial services providers in America. Even more satisfying, this moves comes only months after Chase CEO Jamie Dimon condemned Bitcoin as a scam.
Online banking service providers and exchange operators LedgerX and Revolut are also adopting Bitcoin support. The former was recently cleared to offer Bitcoin derivatives as people look to do more than just trade the cryptocurrency.
“LedgerX launched its first long-term options for Bitcoin, with an expiration date of December 28, 2018. In the coming months, we will continue to see the ‘domestication’ of Bitcoin: the Chicago Board Options Exchange and the Chicago Mercantile Exchange are planning to launch tools based on the cryptocurrency in the near future.”
Big money
If and when a stream of institutional investors start investing large amounts of capital into cryptocurrencies, some of the stunning predictions made by Bitcoin bulls could well be realised. However, Mashchenko’s prediction was quite conservative, suggesting that Bitcoin reaching a $10,000 high by the end of 2017 would be driven by emotion rather than fundamentals:
“We could see a Bitcoin at $10,000 in a month or so. However, such a surge will be based on emotions, not on fundamental factors. So, further growth of the cryptocurrency will require something more than euphoria.”
Having hit the $8,000 mark last week, Bitcoin surged another $1,000 dollars in just a few days, breaching the $9,000 level during the Thanksgiving weekend. At press time, the price of Bitcoin sits at $9,500, just $500 below Mashcenko’s predicted level.
Loaded and locked.
SANP $$$$$$$$$
SANP
Nvidia Boosted By Latest Bitcoin High
1321 Total views 126 Total shares
Nvidia Boosted By Latest Bitcoin High ANALYSIS
A record-breaking fortnight for Bitcoin seems to have been a boon for GPU manufacturers as we enter a new week.
Rivals Nvidia and AMD have had differing successes on the stock market in recent months, with the former enjoying far more success.
A $2,000 rise in value for Bitcoin in as many weeks has seen Nvidia enjoy a two percent increase in their share price.
NVIDIA
Mining up a storm
As the likes of Bitcoin, Ethereum, Bitcoin Cash and their many competitors increase in value, more and more people are looking to get into mining.
For the hobby miner, the easiest way to get into mining is buying and installing a fairly powerful graphics card.
For the more serious miner/businessman, investing in the likes of an Asic miner from Bitmain is a better option. But the layman will almost always buy a conventional GPU - to the benefit of Nvidia and AMD.
Blockchain changes for Ethereum
Another driving factor is the recently announced upgrade to Ethereum’s Blockchain. Co-founder Vitalik Buterin outlined plans to address shortcomings, and scalability is high on the list.
These changes all require workers - so the need for GPUs is only bound to increase which will be a boon to both Nvidia and AMD in the next few years.
Speaking to Nasdaq, RBC Capital’s Mitch Steves says ongoing development to Blockchain technology will positively affect investor sentiment in the sector.
“This is a multi-faceted question; however, we think investors are beginning to realize the value that cryptocurrencies offer. The "cat is out of the bag" so to speak and we wouldn't be surprised to see more and more institutional money and high net worth individuals invest in the rapidly growing space (now a $300B+ market on a fully diluted basis). The lightning network for Bitcoin has made significant progress, the software development team is working on ring signatures for confidential transactions and the Metropolis update for Ethereum was seen as a confidence booster as well. Overall, the technology is progressing at a rapid rate combined with more institutional interest which is likely driving the prices up.”
SANP
Could be the third phrase. The third phase will be intended to assess current business facts and leverage the knowledge gained over the past half year of Canoe Pool America mining operation to capture any material value-enhancing opportunities in preparation and approval of a joint venture between both companies.
SANP
Santo Mining & Canoe Pool Corporate Update
Nov 16, 2017
OTC Disclosure & News Service
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DORAL, Fla., Nov. 16, 2017 (GLOBE NEWSWIRE) -- Santo Mining Corp. (the "Company"), (OTC:SANP) today both Companies jointly provided an update on the status of the meeting held on November 14, 2017. The board members of Canoe Pool and Mr. Matthew Arnett had a working day meeting in Chengdu China regarding the ongoing cooperation. The meeting focused on developing a three-phase approach to the cooperation between both companies. The first phase is the development and implementation of Canoe Pool America’s Pool management system. Which is currently moving ahead as planned. This consists of the development of a Bitcoin BTC mining pool management software server for mining hardware systems owned and operated by Canoe Pool America and independent miners to be managed by Canoe Pool America. This mining pool management software is for the tracking and payout among other management controls of mined Bitcoin BTC blockchains. The ETA of completion is year-end 2017. Currently the Company has shipped 10 systems that will arrive between 7 to 10 days. The systems are 4-E9, 2-BlackTigerSharks, 2-Bitmain S9 & 2-Ebang; once arrived in America our CTO Mr. Bansbach will be doing beta testing on power consumption, heat dissipation & hash mining time rate, including synchronization of the mining pool management software. Once we have establish a baseline, we will move forward in the initial purchase order of 100 to 200 machines for the Canoe Pool America mining location, to be announced in the very near future. The goal is to have over 2,000 owned and operated hardware mining systems, by today's Bitcoin BTC value the monthly profit for each mining system is between $380 to $420.
The second phase will be the development of Bitcoin Cash BTH mining pool management server for the mining of Bitcoin Cash BTH by Canoe Pool America; the ETA is middle to end of Q1 2018. Bitcoin Cash is a new hard fork and this fork has a change to the decentralized currency’s consensus rules and aims to upgrade the network’s Difficulty Adjustment Algorithm (DAA), making mining much faster to achieve rewards.
The third phase will be intended to assess current business facts and leverage the knowledge gained over the past half year of Canoe Pool America mining operation to capture any material value-enhancing opportunities in preparation and approval of a joint venture between both companies.
Mr. Matthew Arnett, Vice President of Santo Mining stated: “The directors of both companies are in regular open dialogue and have undertaken significant preparation to complete phase one. Our goal is long-term shareholder value; this will be done by ensuring that each company has a clear understanding of capital resources, market knowledge, technical innovation to better deliver superior mining blockchain payouts for the pool and its members.” Additionally Mr. Li Ang, CEO of Canoe Pool stated: “We were so excited to meet with Matt Arnett in Chengdu on November 14th 2017. Together we are developing what we hope to soon be the world's best and biggest Bitcoin Cash Pool. We are committed to building the Americas with Santo who is our most vital and strategic partner. Our first priorities is building the Americans pools hash rate and mining capacity. We want to invite all Americans to join the movement-revolution.”
About Chongqing Yuhuan Technology Co., Ltd a.k.a. Canoe Pool (www.canoepool.com)
Canoe Pool (Chongqing Yuhuan Technology Co., Ltd ), led by its founder Li Ang since 2013, is one of the fastest growing Bitcoin mining companies in China with two large-size mining farms in Sichuan and Xinjiang, China; and with a total capacity of 75 thousand kilowatts, accommodating up to 50 thousand of the latest Bitmain S9 mining machines. Canoe pool has a total hashrate potential of 700P. Miners can choose between PPS or PPLNS payment systems with fees of 2% or 4%, accordingly. Canoe Pool currently supports Bitcoin Unlimited and represents 1.7% of the global crypto currency mining market share.
About Santo Mining Corp.
Thanks. Awesome News surrounding SANP. Easy $ .37 re-evaluation here. Bitcoin soaring. Mining pools are the backbone of Blockchain and is the safest investment for long term investors.
SANP
About Santo Mining Corp. Santo Mining Corp, a publicly traded company in the Over-the-Counter (OTC) market, trading under the ticker symbol SANP. Formally an analog mining company in the gold and copper sector, it has now focused on the digital cryptocurrency mining and transactions operations. Our goal is to make mining accessible to all users regardless of age, location, investment, technical experience. We want to give our miners the opportunity to try out cryptocurrency mining pool and earn cryptocurrency rewards. On a larger scale, we hope to contribute to the development of mining services and subsequently to the development, establishment and adoption of cryptocurrencies both as a currency and as an economic system.
SANP
South Korea’s Largest Underground Mall Adds Bitcoin Payments to 620 Stores
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The largest underground shopping mall in South Korea, Goto Mall, has partnered with a local cryptocurrency exchange to enable its 620 stores to accept bitcoin. Spanning 880 meters long, about half a million people walk through the mall each day.
Also read: Hong Kong Company Set to Build Crypto Mining Farm and Museum on Russian Island
Goto Mall, a Bitcoin Mecca?
South Korea's Largest Underground Shopping Mall Adds Bitcoin Payments to 620 StoresThe largest underground shopping center in South Korea called Goto Mall recently announced that it will start accepting bitcoin. Beginning mid-December, shoppers can pay with bitcoin at the mall’s 620 stores, according to local publications.
Travel guide website Travel Vui describes:
Goto Mall is Seoul’s largest underground mall. This hidden gem markets everything from clothing to flowers and home decor at mind-blowingly cheap prices.
Goto Mall is also known as Gangnam Terminal Underground Shopping Center. It is connected to one of the major subway transfer stations at which Seoul subway lines 3, 7, and 9 operate. It “currently has an estimated 500,000 visitors per day and is rated as the largest underground shopping mall,” Kyeonggi news outlet reported.
South Korea's Largest Underground Shopping Mall Adds Bitcoin Payments to 620 Stores
A sample of stores in Goto Mall.
The mall’s foot traffic is expected to increase significantly due to its surrounding area being renovated to increase customer base. For example, “when the reconstruction of the nearby apartment complex is completed, the [number of] visitors is expected to increase further,” the publication added.
Furthermore, “about 30 bus routes including ordinary buses and airport buses,” pass through the area, reported the Bridge Economy newspaper. “When the new influential World Duty-Free opens in Gangnam Central City next year, it is expected to further increase foreign customers,” the publication elaborated, adding that:
Goto Mall is expected to turn into a bitcoin mecca.
Partnership with HTS Coin
In order to accept bitcoin, Goto Mall has partnered with a local cryptocurrency exchange HTS Coin. The exchange, which opened last month, has developed a smart payment system using cryptocurrencies and has recently launched a mobile app.
South Korea's Largest Underground Shopping Mall Adds Bitcoin Payments to 620 Stores
The partnership signing event between Goto Mall and HTS Coin.
According to Kyeonggi, the mall had previously tested bitcoin as a payment option where shop owners accepted bitcoin directly. However, it was terminated since store owners “often lost their passwords and could not use the coins,” the publication detailed, noting that this cannot happen with the HTS Coin system installed.
Bitcoin will be offered alongside other payment methods accepted by the mall such as cash, credit card, and Alipay. Goto Mall CEO Chung Gwi Yeon commented:
I think it is very meaningful to be able to settle the bitcoin used by foreigners and young people at Goto Mall.
What do you think of Goto Mall accepting bitcoin? Do you think many shoppers will use bitcoin at Goto Mall? Let us know in the comments section below.
Images courtesy of Shutterstock, Goto Mall, and HTS Coin.
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Bitcoin Continues Running - Now Past $9,500
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Bitcoin Continues Running - Now Past $9,500
Bitcoin has continued its remarkable bull run over the weekend, with prices exceeding $9,500 on extremely strong volume. The market has been pushed by a number of critical news stories regarding the mainstream adoption of the cryptocurrency.
It seems that the market rise to this point has been the result of increasing adoption among individuals, as well as hopes of institutional increases. The rise in Coinbase user accounts (nearly 125,000 per day), as well as the hope for futures trading from two Chicago-based markets (CME and CBOE), appear to be the driving factors in the recent jump.
The future?
As the market has continued to run, the fears of a bubble in Bitcoin price have continued. Nevertheless, many investors see a substantial future increase coming as institutional markets begin to open.
Additionally, increasing stability within the Bitcoin network will likely produce greater levels of adoption, both as a store of value and as a payment network. New payment platforms and businesses willing to accept Bitcoin will move the market forward as well.