Saxo Bank Bitcoin Prediction for 2017
Today the Danish investment bank published its Saxo Bank Bitcoin Prediction for 2017, where it explains that wouldn’t be surprised if the bitcoin price will see huge growth during next year.
Saxo Bank, in fact, recently published its annual “Outrageous Predictions for 2017”, a list of speculations that represent its effort to get financial industry think about more possibilities and revolutionary projects for the next year.
In addition to the prediction that UK will not actually leave the European Union (EU) and that Italian equity prices will soar thanks to the European Union led bailout, Saxo Bank affirmed that the bitcoin price will reach a value of more than $2,100 by the end of 2017.
Among its reasons the prediction explained that the American President’s administration might cause turbulence in the American economy, so this can be a good reason for people to invest in digital currencies like bitcoin.
Saxo Bank Bitcoin prediction explains:
“If the banking system as well as sovereigns such as Russia and China move to accept bitcoin as a partial alternative to the USD and the traditional banking and payment system, then we could see bitcoin easily triple over the next year going from the current $700 level to +$2,100 as the block-chains decentralised system, an inability to dilute the finite supply of bitcoins as well as low to no transaction costs gains more traction and acceptance globally.”
Altough this Saxo Bank prediction doesn’t represent an official position, it is not the first bullish indication the bank has made during its career.
In 2014, then-current CEO Lars Seier Christensen explained his personal interest in bitcoin, describing it as a great opportunity for worldwide investors.
At the time, Christensen had also mentioned about early testing of the technology within Saxo bank, although later he explained that liquidity problems at the time were keeping banks on the sidelines.
Source: coindesk.com
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Blockchain Copyright US Commerce Department
Blockchain Copyright will be the major topic to be discussed by the US Commerce Department on Friday 9th November, 2016.
The even is organized by the Internet Task Force department, supported by the US Patent and Trademark Organization (USTPO), the National Telecommunications and Information Administration (NTIA), the International Trade Administration (ITA) and the National Institute of Standards and Technology (NIST).
This group was created to study a wide range of topics, from blockchain copyright to digital privacy and cybersecurity.
The Commerce Department will be hosting a live streaming of the conference.
According to an agenda published by the Commerce Department, the event is being organized at the Silicon Valley office.
However, the blockchain copyright topic is not so new, as the idea that distributed ledger technology can be very useful in the digital copyright filed is being explored by several startups worldwide.
The idea is that a creative project can be linked to a transaction or digitized asset on an immutable ledger, so its provenance can be traced to its origin, verifying the true author behind it.
The one-day event, which will begin at 1:30 p.m. UTC, will include a panel session on registries and rights expression languages, and a conference that is expected to be focused on the use of the distributed ledger.
The next sessions will be focused on the blockchain and smart contracts as topics of discussion. And while no specific details about projects have been revealed, the conference will include a technology preview.
The department explained during its press release:
“We will discuss the potential for interoperability across digital registries and standards work in this field, and consider the relevant emerging technologies (eg, blockchain technology, open-source platforms). We will also explore potential approaches to guide their adoption and integration into the online marketplace.”
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Federal Reserve Blockchain Paper: read here
The US Federal Reserve Blockchain Paper is a new research about distributed ledger technology published by the American institution.
This new paper is about blockchain applications for payments and transaction settlement.
It was written by a research group composed by the Federal Reserve Board and botht the Federal Reserve Banks of New York and Chicago.
Although another research was published in the past by members of the Federal Reserve system, this new document is the first major publication from the Federal Reserve Board.
However, the research paper covers a wide range of topics, including both a top-down view of the concepts behind blockchain.
Also, the US Federal Reserve Blockchain Paper talks about the challenges and opportunities for financial companies or payment system operates looking for possible integrations.
“An important goal of this paper is to examine how this technology might be used in the area of payments, clearing, and settlement and to identify both the opportunities and challenges facing its practical implementation and possible long-term adoption.”
This publication comes just two months after the news that Fed governor Lael Brainard revealed the interest in the blockchain by the central bank.
According to the Federal Reserve press release, researchers interviewed almost 30 representatives from the public and private sector, explaining both how to establish companies and startups working with the distributed ledger in the fintech field.
The full US Federal Reserve Blockchain Paper can be found here:
Distributed ledger technology in payments, clearing, and settlement
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Russia Bitcoin recognized by tax authorities
The uncertainties about the relationship Russia Bitcoin were finally disappeared.
In an official document published a few days ago on November 29th Russia’s federal tax service expressed its new position regarding the legality of Bitcoin use and transactions.
In fact, the document finally explained that there is no legal prohibition of digital currencies in Russia.
Russia Bitcoin and uncertainty
For almost three years it was not clear if the Russian authorities wanted to ban or accept Bitcoin and introduce several penalties.
Somewhere during this period, the Russian ministry of finance commented about the possibility of a four years imprisonment introduction for people involved in the Bitcoin use.
Also, even bank officials sentenced to seven years in prison and banned from holding certain positions.
However, Russian authorities changed their idea and gave the ministry of finance a new directive to write a law on Bitcoin.
For Russia Bitcoin is a foreign currency
The federal tax service’s document affirms the legality of Bitcoin and indicates that all trading operations related to Bitcoin and any other digital currency are to be considered as foreign and external securities.
In fact, this document essentially defines the buying and selling of Bitcoin and other cryptocurrencies a monetary transaction.
Bitcoin for Money laundering and terrorism
However, the document also explained that Russian authorities will investigate about people who use Bitcoin for money laundering and terrorism.
Even if this calls for KYC and AML from exchanges is yet to be clarified by the Russian government as there are more interpretations that are yet to be communicated.
Source: Coindesk.com
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Bitcoin Price today Breaches $750
The Bitcoin price today keeps growing up over the value of $750.
This is the sixth time that bitcoin price breaches $750 since mid-November, as revealed by the CoinDesk USD Bitcoin Price Index.
Bitcoin was subject to much volatility during a low trading volume, as CoinMarketCap data showed that during the session, the 24-hour trading volume was roughly $90 million.
This was a lower trading activity compared to last month, when it reached $174 million on November 3rd and $173 million on November 17th.
The digital currency price passed the $750 value several times during November.
The Bitcoin price first breached $750 on 17th November, maintaining this level for a short time, then moving back to a lower value even under $ 700.
Also, it is important to remember that the bitcoin price today exceeded $750 and it did the same many times recently, but it never breached $755 during the last few weeks.
In India the bitcoin price exploded and last week it reached almost $1000 as the country tried to exchange value via Zebpay and Unocoin.
According to Coindesk, the bitcoin price today also reached a growing value of Eur 724, and
2016 has been a great year for Bitcoin. For example, scalability innovations like Segregated Witness have been introduced to the Bitcoin community, many positive Blockchain tests have taken place and many new markets have turned to Bitcoin as a new method of payment.
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Bitcoin Gifts for Christmas? Here some ideas
Are you ready for Christmas? Do you want to buy some Bitcoin gifts for you friends and parents?
When Christmas is approaching, every year begins the race for the perfect gift, but unfortunately presents get harder to think. The choice narrows every year, especially if you make a gift to the same people every year.
After the usual shower gel, socks and hats, this year you can give (and maybe even receive) some original Bitcoin gifts. Also, if you don’t like to go out for shopping and deal with the Christmas chaos, you can buy these gifts directly from your home.
Here you can find a wide range of gifts you can make using bitcoin or other digital currencies.
- OpenBaazar: this Bitcoin marketplace allows you to buy several kinds of gifts, including pc games, pins, t-shirts and more. Your order will be shipped to your home address, but shipment costs are quite expensive.
- Thanks to Purse, you now buy everything you need from Amazon but using Bitcoin.
- For coffee lovers, you can decide to visit Bitcoin Coffee Store that delivers everywhere in the world.
That said, if you really want to give your friends and parents an original gift, what about a Bitcoin wallet?
I mean, our wallet is free, of course, and you can open one on HolyTransaction, deposit the amount you want give your friends and family as a present, so they will also learn how to use bitcoin.
You just have to visit our website here, create an account, deposit the bitcoin amount you decide and give these original Bitcoin gifts to your friends.
Maybe you can print out the wallet access key and place it in a beautiful colored envelope under the Christmas tree.
Your lucky recipient will receive a unique, original and useful gift, so he will be aware of the bitcoin world and increase his fintech skills while he spents his new money.
Also, this will also be a good way to spread the use and understanding of bitcoin.
What are you waiting for? Open a new free wallet on HolyTransaction.com.
Open your free digital wallet here to store your cryptocurrencies in a safe place.
Ernst and Young Bitcoin accepted in Switzerland
Ernst and Young Bitcoin: the Swiss branch of global professional services firm will accept the cryptocurrency-kind of payment next year.
Starting in January, Ernst and Young Switzerland will allow bitcoin for invoice payments, as the company explained in a new press release.
Switzerland, Ernst and Young Bitcoin: a profitable relationship
The Swiss firm will also open a new BTM (or Bitcoin ATM) at its office in Zurich, as well as a wallet option for its employees.
This Ernst and Young project is part of the bigger cultural experiment on bitcoin and the distributed ledger conducted in Switzerland.
Late last month, in fact, Swiss railway service announced that it will sell bitcoin on its nationwide network of ticket kiosks; also the Swiss town called Zug will accept Bitcoin for public services payments, as its major explained back in May.
According to Ernst and Young, this launch fits perfectly with this experimental context created in the Swiss country.
Switzerland’s CEO, Marcel Stalder, commented that the company wants its employees to know digital currencies and the blockchain. This project is to provide ways to access a hands-on education, he said.
Stalder explained:
“We don’t only want to talk about digitalization, but also actively drive this process together with our employees and our clients. It is important to us that everybody gets on board and prepares themselves for the revolution set to take place in the business world through blockchains, smart contracts and digital currencies.”
Ernst and Young is just one of the “Big Four” accounting firms involved in the blockchain sector at the moment.
Recently, the company also decided to open a blockchain-related contest for startups with the goal of “exploring how blockchain technology can tackle challenges in digital rights management and energy trading.”
Learn more about Switzerland and Ernst and Young involvemet in the bitcoin field, by clicking on the links above.
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Senegal cryptocurrency for the underbanked
Senegal Cryptocurrency may become the first of its kind, as it will be based on its national fiat currency.
A few days ago, Senegal introduced eCFA, a new virtual currency which is currently in development.
This cryptocurrency was born thanks to a collaboration with Banque Regionale de Marches (BRM) and eCurrency Mint Limited.
BRM bank, financial institution specializing in capital markets and the implementation of custom banking solutions, is working on the development and integration of this cryptocurrency, and the Senegal government will serve as a legal tender.
Senegal Cryptocurrency for the underbanked
Similar to the objective of Norway’s bank DNB, Senegal wants to secure itself a significant market share of Africa’s underbanked and underserved people, who cannot find access to financial platforms and networks to manage their cross-border transactions.
Also, the development and launch of Senegal Cryptocurrency eCFA is leaded by the West African Economic and Monetary Union (WAEMU), which suggests that eCFA will be available for all the African countries, including Benin, Burkina Faso, Cote d’Ivoire, etc.
Unfortunately, both BRM and eCurrency Mint Limited didn’t release any technical information and background on their new Senegal cryptocurrency.
In fact, it is still unknown if the digital currency will be based on a permissioned ledger or on a decentralized blockchain network.
In both cases this news is very important as it is another step closer to the digital currencies adoption worldwide.
Read here more about Senegal and African involvement in digital currencies.
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Black Friday Bitcoin: Happy Shopping!
Bitcoin Black Friday
Today Europe and America celebrate the well-known Black Friday, a special day when you can buy everything you need at a special price.
But we, in the Bitcoin World, want to celebrate our Black Friday Bitcoin, so let’s read this article and happy shopping with digital currencies.
As you might know, thanks to Purse.io you can buy from Amazon in Bitcoin. And today you can make very big deals, as Amazon partecipates to the Black Friday with special discounts.
Another good online shop where you can exploit the Black Friday Bitcoin is Bitcoin Black Friday. Here you can buy softwares, services, art, gifts, apparel and more.
Online you can find a lots of oddest places where you can use bitcoin, expecially today.
OpenBaazar and Black Friday Bitcoin
A few months ago I wrote an article about a new shopping platform called OpenBazaar where you can buy everything you are looking for with Bitcoin.
Here you can read a step-by-step guide to understand how to do shopping with this tool.
HolyTransaction Wallet Service
Of course, if you want to start using Bitcoin to do some shopping you need a web wallet where you can store your own digital currencies.
HolyTransaction is a multicurrency wallet where you can store not only Bitcoin, but also Ether, Dash, Dogecoin, Litecoin, Peercoin, Tether and all the most important cryptocurrencies in the world.
Each digital currency has its own address, but all of them has a unique access. So you need to remember just one username and password to login.
To open you wallet, you just need an email address. No other data required, so high privacy provided.
It is easy and it works right from our website, without any software downloads required.
Click here to open your HolyTransaction wallet for free.
Open your free digital wallet here to store your cryptocurrencies in a safe place.
Uganda Bitcoin Regulation
A UN organization related to criminal justice problems published today a few details about a new meeting on bitcoin and digital currencies with the aim of a Uganda Bitcoin Regulation.
Organized in Kampala on 7th July, the meeting was supported by the United Nations African Institute for the Prevention of Crime and the Treatment of Offenders (UNAFRI), the Bank of Uganda and the University of Birmingham Law School.
Dr. Maureen Mapp of the University of Birmingham Law School who partecipated at the event, explained to CoinDesk that the main goal of that event was establishing a basis for a Uganda bitcoin regulation.
Uganda will be one of the first African countries to regulate bitcoin.
Also, Mapp said the effort grew out of a digital currency research project realized with the Commonwealth Secretariat that showed her how Ugandan public officials didn’t know anything about the benefits and risks of the use of virtual currencies.
“I was inspired to engage with policy makers and regulators in order to investigate whether states could develop policies and regulation that encourage innovation while protecting the private rights and interests of users of virtual currencies.”
The goal, she explained, was building awareness and creating a good basis for future discussions.
Thanks to the Ugandan central bank and UNAFRI, Mapp began to contact a few stakeholders in Uganda to put together what became the meeting held in Kampala.
Among the outcomes of the meeting is a think tank dedicated to the “technological, policy, pluralist, ethical and legal issues” about digital currencies, with the organizations and representatives who attended the July meeting.
Those involved also developed a draft for future discussions between private and public stakeholders, which was published earlier this month by UNAFRI.
Next steps will include the creation of a second meeting, set to take place on the same date in 2017.
“The legal and regulatory environment is moving towards embracing the technology so as to harness its benefits and to promote innovation,” she explained.
Source: Coindesk.com
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