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17 May 0

George Soros sells out of J.P. Morgan, Bank of America, Citigroup …. time for Bitcoin?

(BitcoinOwl) According
to several news sources billionaire George Soros recently sold nearly
all of his bank stocks, including shares of JPMorgan Chase, Citigroup,
and Goldman Sachs. Between the three banks, Soros sold more than a
million shares. Billionaire John Paulson dumped 14 million shares of
JPMorgan Chase (appr. 750 million dollars). Other billionaires are pulling out of US stocks too.
We can only speculate about the reasons why this is happening but
surely there is a growing discomfort about the all time high levels of
stock market prices. Some are expecting a massive correction. Even if
there is no good reason for it, fear could make such predictions a
reality.At BitcoinOwl we of course speculate that the growing success of
crypto currencies and their promise to revolutionize the financial and
other systems could be a factor as well. Just like email threatened the
business model of the postal services and file sharing scared the music
labels, crypto currencies without a doubt cause some anxiety to
financial institutions who see Bitcoin as a competitor instead of an
opportunity to reinvent themselves.

It may take years before Bitcoin makes any noticeable dent in
Citigroup’s profits, but Bitcoin’s existence alone raises some
uncertainty about the future of such financial institutions and their
profit margins. Some players like Western Union have already been forced
to drop their fees drastically in response to Bitcoin’s extremely low
transaction fees.

The question is where does all that money pulled out of the stock
market will go? Many investors like Kevin O’Leary publicly said that
they’ve put a few percents of their money into Bitcoin already. His
Bitcoins were without a doubt his best performing asset in 2013. It’s
likely that most billionaires pulling out of the stock market will put a
small part of their wealth into crypto currencies as it’s highly
independent from other assets which is important for healthy
diversification.

Let’s just see how much money are we talking about. Let’s assume only
a fraction of those stock dollars will be funnelled into cryptos. Half
percent of NYSE’s total market cap is 83 billion dollars.

If 70% of that 0.5% would flow into Bitcoin it would increase BTC’s
market capital 7 fold raising the price of Bitcoin to over $5,000. If
10% of it went to Litecoin it would increase LTC’s market capital by 13
times raising the price to $325. And we’re talking about just 0.5% of
one stock exchange in the world.

Potentially it is also possible that the crash of stock market prices
will scare crypto currency investors too. Although, it’s hard for me to
find a plausible reason why this would happen.

It will be interesting to see how the predicted decline in the stock
market will influence the valuation of the popular crypto currencies.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

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Satoshi
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5 May 4

Ether Price passes $100: how to store Ethereum

Ether price, or the digital currency that fuels the world’s second-greatest blockchain network – Ethereum – reached a value of $100 today.

This means that Ether price hits its new all-time high today.

With a growth of more than 25% over one day only, the Ether price has now increased more than 1,000% during the last year: on January 1st, in fact, it was trading at about $8.

At the moment, while I’m writing this article, the digital currency has a market cap of about $9bn, according to data provided by Coinmarketcap.

Why Ether price is growing

This new all time high comes now when the Ethereum blockchain is fast gaining interest by open-source innovators and financial firms worldwide.

Ethereum became important as the main blockchain used for initial coin offerings (ICO, a process by which people working on blockchain-related projects can sell tokens with the goal of raising funding), while major companies such as JP Morgan and Bank of America are developing a few projects on private versions of the Ethereum blockchain.

On the markets point of view, the development comes also thanks to a strong and continued demand for the Ethereum token.

Ether volume registered 20% of the total digital currency market volumes, below bitcoin (46%) and ahead of litecoin (11.38%).

How to store, buy and sell Ethereum

While the digital currency is gaining more and more interest, reaching new all time highs, you may ask yourself: “How should I buy, sell and store my Ether tokens?”

Well, HolyTransaction provides a safe place where you can store, buy and sell your Ether tokens in a user-friendly platform.

You can exchange Ethereum in a few minutes by using more than 10 digital currencies we support on our HolyTransaction multicurrency wallet.

Click here to know more about our Ethereum wallet and exchange.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

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Amelia Tomasicchio
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4 Mar 0

Ether price is reaching its all time highs

Ether price, or the digital currency that fuels the Ethereum blockchain, is approaching its all-time highs set last year.

In fact, price of ether rose of about 60% during last week, hitting $20.67 yesterday, after opening at $13 on February 25th.

Ether price and Ethereum Enterprise

This increase might be the result of the official launch of Enterprise Ethereum Alliance, a new working group focused on the Ethereum blockchain with important members including Microsoft, JP Morgan, Santader, etc.

This consortium has the main goal of using the ethereum  tech within enterprise-grade blockchain implementations.

So this recent news may have led to the increase of confidence in the technology and in the linked digital currency.

 

Digital currencies are growing

Recently bitcoin price is also growing, reaching its all time highs, together with the altcoin called Dash.

Among the others, bitcoin is undoubtedly the most used and known with a robust trading volume and bullish market sentiment.

Bitcoin has risen to several new highs in recent days, after failing to set new higher levels for more than three years. Also, bitcoin hits parity with the per-ounce price of gold last week.

Dash has rose more than 75% in the last week and upwards of 200% over the last month. In fact, the previously called Darkcoin reached its all-time high of $58.90 on 2nd March.

Multicurrency wallet for differentiated investments

If you want to invest in all these three digital currencies, you need a multicurrency wallet to store bitcoin, dash and ether coins at the same time.

Normally, if you want to have store different cryptocurrencies, you need to have ten different wallets, which is difficult to manage. Instead, thanks to HolyTransaction you can solve this problem, unifying everything in a single account.

For more info and fees (HolyTransaction has a fixed-rate exchange) click here.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

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Amelia Tomasicchio
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BlackCoinFibreOptic1
22 Feb 0

Blockchain investments: all the fintech services in one infographic

From American Express to Goldman Sachs and Deloitte, a lots of financial firms decided to make blockchain investments.

To provide you a insightful and easy to read, we want to share with you the following infographic originally published by CB Insight.

Consortia are not included in this infographic.

Even if the quarterly deal activity reached its lowest point since Q2’14 in Q4’16, the quarter’s top two financing deals featured investments by the most important financial companies.

This way, Axoni saw Wells Fargo lead its $18M Series A, which included a few important investors such as JP Morgan, Goldman Sachs, F-Prime Capital and Thomson Reuters.

During the last 3 years, blockchain investments reached their apex in the fall of 2015 and in the winter of 2016.

Recently, Deloitte, Miami International Holdings (MIAX) and Credit China placed their first blockchain investment and Deloitte took a corporate minority stake in a platform called SETL.

In total, more than 50 financial companies decided to invest in a bitcoin or blockchain-related startups since the beginning of 2014.

Also, it is important to note that a small group of blockchain startups received the greatest part of the total investment. Those – who have received nearly $625M in funding –  include: Ripple, BitFury Group, Blockstream, Digital Asset Holdings, and Chain.

Let’s see what happen in 2017 and stay tuned for more relevant news!

Open your free digital wallet here to store your cryptocurrencies in a safe place.

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Amelia Tomasicchio
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white house 1225488
14 Jun 0

White House Fintech Summit

white_house_fintech_summit
The Bitcoin Blockchain officially reached Capitol Hill, organizing a White House Fintech Summit.
After an event with the American President technological advisors organized last month, now there are more and more meetings and speeches about the blockchain.
Also, a few days ago the White House was theater for a Blockchain Summit, during which there were guests such as Secretary Penny Pritzker, president for economic policy Adrienne Harris, director for digital currencies initiatives at the MIT Media Lab Brian Forde and Matthew Roszak of the Chamber of Digital Commerce.
Held by the Eisenhower Executive Office Building, the event was officially called the “White House Fintech Summit”.
In the audience there were also representatives from companies such as Deloitte, JP Morgan, PayPal and Microsoft.
President Obama’s special assistant Harris published a blog post with the conclusions of this event, you can read it here.
The article, titled The Future of Finance is Now was published on June 10th, the same day of the event, and it contains several ideas and thoughts about fintech and its implications such as people financial health and civil rights.
“Today at the White House, we convened stakeholders from across the financial technology (fintech) ecosystem, including traditional financial services institutions, fintech startups, investors, thought leaders, and policy makers, to discuss how fintech can help advance critical economic policy priorities”.
Recently CNBC said that Barack Obama needs to embrace Bitcoin and Blockchain soon, so maybe this is a good start for the US government to study and implement the distributed ledger.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

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Amelia Tomasicchio
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8 May 0

Twitter, Bitstamp, European Parliament: Monthly Recap about Bitcoin

men working at the pc bitcoin

Welcome to HolyTransaction’s fifth monthly recap for the 2016! Thanks for this month together. 
April has been marked by continued interest in bitcoin technology from all around the world; during that time, the bitcoin price rose from a high of $469.31 on April 21st to a low of $435.08 on April 28th, according to Bitcoin exchange Bitstamp.

6 amazing pictures about Bitcoin

Bitcoin is the money of Internet and what is the best way to communicate through the web?
Pictures, of course.
Thanks to pictures, in fact, we can communicate things that are very difficult to explain in words. 
So, let’s see the top 6 of the best pictures about Bitcoin.

15 oddest places where Bitcoin is accepted

Nowadays you can buy almost everything with bitcoin.
As well as lots of e-commerce and famous worldwide brand that accept Bitcoin all around the world. 
Also, you will find out there are several other shops where you can buy your favorite items with Bitcoin. 
Click on the title to read the full list of the oddest places where bitcoin is accepted (for several of them you can buy a gift card for bitcoins on gyft.com).

That’s why $400 Bitcoin price is low

Today Daniel Masters, ex trader at JP Morgan, published an interesting article about the bitcoin price on Linkedin. 
In this article, Masters comments the upcoming halving of rewards for the miners and its impact on the current bitcoin price.

Blockchain is the perfect technology according to the European Parliament

During the last week, a European parliament member gave a speech about consumer protection for the latest campaign that aims at realizing new rules related to the blockchain.


How Twitter can teach you everything you need to know about Bitcoin


Twitter is one of the most popular social networks in the world and there are over 307 million people that actively use Twitter.
Also, the greatest part of Bitcoin experts has a Twitter account; and this is a fact.
So, this is why you will find lots of info about Bitcoin on Twitter; you just need to follow the right people and bloggers.

Click on the title to read the full list of influencers you may need to follow on Twitter to deeply understand bitcoin and the blockchain.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

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Amelia Tomasicchio
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22 Apr 0

That’s why $440 Bitcoin price is low

Today Daniel Masters, ex trader at JP Morgan, published an interesting article about the bitcoin price on Linkedin.
In this article, Masters comments the upcoming halving of rewards for the miners and its impact on the current bitcoin price.
Back in 2012, the mining activity reached the level of 210,000 blocks mined and the first halving occured, taking rewards down from 50 to 25 BTC.
Right after that, the bitcoin price raised significantly, from $7 to $11 in nine months.
We are now at roughly 409,000 blocks, and the next halving will take place at 420,000, a level that is estimated to be reached by next july.

At that time rewards will lower again, from 25 to 12.5 BTC.

Bitcoin price will rise

According to Masters, it’s reasonable to expect another price rise following this event.
Here is his explanation:
“Prices so far in 2016 have been relatively stable. That tells me that there is enough new investment and real time demand to match the creation of $575m new coin. It seems obvious that if that dollar-sized demand persists, which I believe it will, that the price of bitcoin must rise to meet it”. 
In a few words, it’s a simple matter of offer and demand, exactly the same way as it happens in the oil market, where a reduction in production determines a rise in price, given a stable demand.
That’s basically why the current level of $440 is to be considered low.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

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Amelia Tomasicchio
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10 Feb 0

HolyTransaction’s Bitcoin Monthly Roundup of January 2016

Welcome to HolyTransaction’s first monthly recap for the new year of 2016. This past month of January has been marked by all time highs for the year thus far; during that time, the bitcoin price rose from a high of $430.89 on January 1st to a low of $368.49 on January 31st, according to Bitcoin exchange Bitstamp.



Since the news broke about Cryptsy’s disappearence, the exchange has officially put forward their side of the story. Paul Vernon claims that the exchange was hacked years ago, and admits to running a fractional reserve since that date. He even offered a 100 BTC reward for whoever could find the hacker. Community speculation and the piling legal documents against Cryptsy’s founder spell more bad news for the American exchange.



Months ago, Hearn was promoting Bitcoin XT, a hardfork that would have increased the Bitcoin blockchain block size in a brute force manner. The plan wasn’t able to garner community support, and Hearn eventually signed a deal to work with R3. Hearn also cited concerns about “Chinese miners” and the Great Firewall of China and what their involvement in Bitcoin meant for the longevity of the project. He left the Bitcoin community with a strong blog post on Medium, saying: “But despite knowing that Bitcoin could fail all along, the now inescapable conclusion that it has failed still saddens me greatly.” Unfortunately, many in the mainstream media took this as an opportunity to hail the death of Bitcoin; but alas, the death of Bitcoin was (again) greatly exaggerated.



Shaun Bridges, one of the government agents arrested and charged in the aftermath of the Silk Road case, which the agents were instrumental in, has been re-arrested. Bridges was found with packs of packed clothes, money, passports, and other evidence that he was planning to leave the country instead of reporting for his time in jail. There is evidence that Bridges still has Bitcoin stashed elsewhere, and the plot continues to thicken.



In a response to community outcry for better communication from those entrusted with the “original” version of Bitcoin, the Bitcoin Core team launched their social media presence this past month. They are also using popular communications platform Slack to better interface with the community. Interested users can signup at slack.bitcoincore.org to chat about the future of Bitcoin.



Former JP Morgan Chase banker Blythe Masters’ blockchain company, Digital Asset Holdings, has successfully raised $52 million for their project. The company previously bought out such bitcoin startups as Hyperledger and had been raising money through 2015 to bring the blockchain to the mainstream. The company also landed a deal with ASX Ltd., which is Australia’s main exchange operator. The blockchain is going down under, in a good way.


Thank you for reading our newsletter with the previous month’s best Bitcoin articles!

We tweet more cryptocurrency news and insights daily @HolyTransaction

Open your free digital wallet here to store your cryptocurrencies in a safe place.

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Amelia Tomasicchio
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19 Aug 0

Airbus joined Hyperledger Blockchain Project

airbus_joined_hyperledger
French airplane firm Airbus joined Hyperledger Blockchain Project, or the Linux Foundation program related to the distributed ledger.

Airbus joined Hyperledger Blockchain Project

Last year Airbus sold more than 1,000 aircraft and now the company is joining the same blockchain project that also sees the participation of firms such as IBM, Red Hat, Intel and JPMorgan. 
Hyperledger director Brian Behlendorf explained to Coindesk how the Airbus partnership shows that the distributed ledger technology has lots of applications beyond fintech:
“A key factor to the project’s success will be member expertise and guidance, and as such, I look forward to collaborating with the bright team at Airbus to drive this technology forward.”

Blockchain beyond finance

This announcement reflects how the airline industry is increasing its own interest in the blockchain technology. 
Previously in May, in fact, the blockchain startup called ShoCard started a partnership with the airline firm SITA with the goal of developing new applications for identity management.
This is not the first time a company wants to use the Blockchain for identity-related issues.
A few months ago, in fact, we spoke about the Microsoft’s project that aims at using the distributed ledger to solve problems related to identity in the digital world. 

The Hyperledger Blockchain Project

Launched in the beginning of 2016, the Hyperledger Project has more than 80 members among its partners and it is managed by the Linux Foundation.
Read more about the Hyperledger Blockchain Project here.

Open your Bitcoin Wallet

Open your wallet on HolyTransaction and find out more on our service where you can store several different cryptocurrencies including Bitcoin, Ethereum, Dogecoin, Peercoin, etc…

Open your free digital wallet here to store your cryptocurrencies in a safe place.

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Satoshi
0IjFhQy
6 May 0

5 Amazing Movies about Bitcoin

Bitcoin and movies: a good chance for the cryptocurrency reputation?

There are lots of documentaries or short movies that aim at explaining how Bitcoin works, from Bitcoin: the end of money as we know it to The rise and the rise of Bitcoin, just to quote the most popular.
As you might know, also some great tv series such as C.I.S. Cyber, The Good Wife, Almost Human, decided to dedicate at least one of their episodes to the cryptocurrency, but they tend to talk about Bitcoin in a negative way, linking it to criminals and illegal activities.
One thing is sure: Bitcoin reputation is an issue.
That’s why today we want to let you know that there are lots of tv series and movies that quote Bitcoin as it is, without putting it under a negative light.

Morgan Spurlock – Inside Man (Episode 3×5)

During this episode Morgan tries to live one week using only Bitcoin, to test if the world could be ready for this digital currency transformation.
With all of the misinformation and misunderstandings on bitcoin, Spurlock wants to determine pros and cons of the cryptocurrency and what effects it can have on the worldwide economy.

Life on Bitcoin

 

 


Austin and Beccy Craig filmed their adventures as they decided to live for 100+ days relying only on bitcoin as a method of payment (exception made for urgent medical reasons).

Also, Life on Bitcoin inspired Felix Weis, a young programmer who did the same for one year.

The Simpsons

the simpsons bitcoin
Recently we already talked about this episode of The Simpsons in this article, but we want to quote it again as it is very curious.
During the episode titled Clown in the Dumps there is a big poster showing James Corky Jones saying, “Send me your lunch money online! – Accepting Bitcoin”.

HBO Silicon Valley

During the first season, one of the coders of the team would like to be paid in bitcoin. 

Jeopardy

jeopardy on bitcoin
During the American tv show Jeopardy, the host asks what is Bitcoin, only mentioning it as being a digital decentralized currency.
Open your wallet
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Blockchain is the technology that allow Bitcoin transactions.
To store your bitcoin you may need a wallet.
Open your on the HolyTransaction wallet and you will be able to store also other digital currencies such as litecoin, dogecoin, blackcoin, ethereum and more.

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Amelia Tomasicchio
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