sobota, 16 sierpnia 2014
czwartek, 14 sierpnia 2014
Bitcoin fell sharply Wednesday, touching lows against the dollar not seen since May.
The drop comes after a stable July for the cryptocurrency, and a strong run that has seen bitcoin hold above $560 since May 26. The slide began on Monday-the same day the Consumer Financial Protection Bureau announced new warnings about the digital currency-and accelerated Wednesday morning, according topricing data from CoinDesk.
According to CoinDesk, the currency has only once finished the day on more than a 5 percent change since May: Bitcoin rose almost 7 percent on June 30. Its last drop of over 5 percent was on June 12.
At its lows on Wednesday, CoinDesk's price index had fallen more than 6 percent on the day.
Still, some argue that the fall is part of an orderly correction for the notoriously volatile cryptocurrency.
In a blog post for CryptoCoinsNews, Venzen Khaosan argued that technical analysis predicted the current fall, with $525 as an expected bottom. News events, such as the CFPB announcement, he added, have not typically moved the market.
Cryptocurrency Round-Up: Argentina Embraces Altcoins, Bitcoin Boosts Overstock Shares and Bitbond Funding
The price of bitcoin has continued to slide, dropping by a further 5% over the last 24 hours. This takes its price down to $525 (£315), around $100 less than it was one month ago.
Bitcoin's misfortunes have been mirrored by most other major cryptocurrencies, with litecoin, peercoin and darkcoin all experiencing similar drops.
Bucking the trend, but in thefor a change, is dogecoin. The meme-inspired cryptocurrency saw its price rise by just over 3% since yesterday, taking its market capitalisation up above $13 million once more.
Argentina embraces altcoin
A new bitcoinservice based in has been launched, allowing consumers to buy the cryptocurrency at more than 8,000 convenience .
Ripio, launched by bitcoin merchant processor BitPagos, aims to provide an easy method of acquiring bitcoins to underbanked consumers and bitcoin users.
"You can go to any location, give them your account in Ripio and the amount of pesos you want to get in bitcoins. Boom: You have some bitcoins," Sebastian Serrano, CEO of BitPagos, told CoinDesk.
"It's going to be extremely easy to use and to buy bitcoins easily, securely and near you, even if you don't have a bank account. We think that this is going to push adoption."
Bitcoin adds 4 cents to each Overstock shares
Overstock CEO Patrick Byrne has attributed the introduction of bitcoin infrastructure into the online retailer's payment structure to anrise of four cents .
Overstock began accepting bitcoin payments in January and has since made more than $2 million in sales through the cryptocurrency. That accounts for around 0.25% of total sales.
"I think the world expects us to make 75-80 cents per share this year. And four cents of that would be attributable to bitcoin," Byrne toldReuters.
"When technology comes along like cryptocurrency, which can replace at a far, I'm all for supporting it."
Bitcoin lending platform secures seed funding
Peer-to-peer bitcoin lending platform Bitbond has received €200,000 (£160,000) in a seed funding round led by VC Point Nine Capital.
The Berlin-based company provides individuals anda way to raise funds through cryptocurrency rather than traditional means.
CEO and co-founder Radoslav Albrecht said: "Our main target borrowers are small businesses that have been operating for two or three years, or maybe longer and cannot get finance from a bank, possibly because they simply don't have access to a bank account, or they are a type of business that thetypically do not lend to."