Tag Archives: BTC

ShapeShift Gets Pulled Into BTC/BCH Debate

ShapeShift, a cryptocurrency exchange, has been pulled into the Bitcoin Cash (BCH) versus bitcoin (BTC) debate by partnering with the @BitcoinCom wallet that exchanges BTC for BCH. ShapeShift has stated via a tweet there was a miscommunication in its latest announcement concerning its partnership with the @BitcoinCom Wallet. ShapeShift stands by its offering to provide its API integration services for the wallet, but it also stands by its position to refer to bitcoin as bitcoin, and not Bitcoin Core. Some have criticized the marketing practices of Bitcoin.com regarding BCH. Two days ago, ShapeShift announced that it has integrated its full API to support Bitcoin.com wallet user exchange between BTC and BCH and vice versa. It noted the Bitcoin.com wallet app became available in mid 2017 and more than 1.7 million wallets have been created on the platform. The ShapeShift integration expands the features in allowing the wallet’s users to exchange BTC for BCH. Bitcoin.com, which provides a free wallet, states on its website that the Bitcoin Core network is in trouble due to high fees and slow transaction times, and that Bitcoin Cash (BCH) is the upgrade that solves these problems, and provides a guide for people to learn more about Bitcoin Cash. The website clearly states that it supports both BTC and BCH.

Reference: https://www.ccn.com/shapeshift-gets-pulled-btc-bch-debate-partnership-bitcoin-com-wallet/

Bitcoin Shows Weakness Above $10K

Having found weak hands above the $10,200 mark in Asian hours, bitcoin has slipped back into four figures. The cryptocurrency rose above $10,000 at 17:29 UTC yesterday, but ran into offers at $10,218 and dropped to $9,865.29 at 21:59 UTC. Another attempt to score gains above the $10,000 mark ran out of steam at a high of $10,293.44 at 02:14 UTC. As of writing, CoinDesk’s Bitcoin Price Index (BPI) is seen at $9,960. Despite the pullback from a 16-day high of $10,293.44, the cryptocurrency is still up 1.56 percent on a 24-hour basis, according to data source CoinMarketCap. On Bifinex (the biggest exchange by volume), trading volumes surged as BTC rose above $10,000 yesterday. However, as seen in the chart below, the volumes have dropped in the subsequent hours, explaining the failure to post solid gains above $10,000.

Reference: https://www.coindesk.com/pullback-on-the-cards-bitcoin-finds-weak-hands-above-10k/

Austrian Bitcoin Scam

An alleged scam involving investments in bitcoin in Austria has reportedly affected over ten thousand investors in the country and around Europe. Details are emerging about an Austrian investment scheme, dubbed “Optioment”, where its operators have reportedly stolen some 12,000 bitcoins (approx. $116 million in current prices) from over 10,000 victims invested in the scheme. The scheme ran a website, now offline, claiming to be a ‘premier global Bitcoin investment product’ stemming from a ‘private Costa Rica-based bitcoin fund’. The scheme also claimed to have its ‘investment’ platform backed by assets over 35,000 BTC. A Die Presse report reveals investors were lured by the promise of soaring returns of 1.5%-4% per week on their deposited bitcoins. Investors were also rewarded for bringing new users into the fold. “OPTIOMENT pays you Bitcoins when you share it with your friends and business colleagues,” an excerpt from the now-defunct website, available on the Internet Archive. ‘Our unlevel compensation plan’s first level pays you 7%, second level 4%, third level 3% and way more. And it pays you everytime a member in your downline makes a deposit, not only for the first time but for every time. Active and Passive!’

Reference: https://www.ccn.com/austrian-bitcoin-scam-10000-victims-lose-12000-btc-115-million/

Bitcoin (BTC) Usage Report

List of Companies Who Accepts Bitcoins as Payment!
Many companies are accepting bitcoins, many are not. Here is a list of the biggest (and smaller) names who accepts bitcoins as a currency.

KFC Canada
Overstock.com – A company that sells big ticket items at lower prices due to overstocking
Subway – Eat fresh
Microsoft – Users can buy content with Bitcoin on Xbox and Windows store
Reddit – You can buy premium features there with bitcoins
Virgin Galactic – Richard Branson company that includes Virgin Mobile and Virgin Airline
OkCupid – Online dating site
Namecheap – Domain name registrar
CheapAir.com – Travel booking site for airline tickets, car rentals, hotels
Expedia.com – Online travel booking agency
Gyft – Buy giftcards using Bitcoin
Newegg.com – Online electronics retailer now uses bitpay to accept bitcoin as payment
Wikipedia – The Free Encyclopedia with 4 570 000+ article
Alza – Largest Czech online retailer
The Internet Archive – web documatation company
Bitcoin.Travel – a travel site that provides accommodation, apartments, attractions, bars, and beauty salons around the world
Pembury Tavern – A pub in London, England
Old Fitzroy – A pub in Sydney, Australia
The Pink Cow – A diner in Tokyo, Japan
The Pirate Bay – BitTorrent directories
Zynga – Mobile gaming
4Chan.org – For premium services
EZTV – Torrents TV shows provider
Mega.co.nz – The new venture started by the former owner of MegaUpload Kim Dotcom
Lumfile – Free cloud base file server – pay for premium services
Etsy Vendors – 93 of them
PizzaForCoins.com – Domino’s Pizza signed up – pay for their pizza with bitcons
Whole Foods – Organic food store (by purchasing gift card from Gyft)
Bitcoincoffee.com – Buy your favorite coffee online
Grass Hill Alpacas – A local farm in Haydenville, MA
Jeffersons Store – A street wear clothing store in Bergenfield, N.J
Helen’s Pizza – Jersey City, N.J., you can get a slice of pizza for 0.00339 bitcoin by pointing your phone at a sign next to the cash register
A Class Limousine – Pick you up and drop you off at Newark (N.J.) Airport
Seoclerks.com – Get SEO work done on your site cheap
Mint.com – Mint pulls all your financial accounts into one place. Set a budget, track your goals and do more
Fancy.com – Discover amazing stuff, collect the things you love, buy it all in one place (Source: Fancy)
Bloomberg.com – Online newspaper
Humblebundle.com – Indie game site
BigFishGames.com – Games for PC, Mac and Smartphones (iPhone, Android, Windows)
Suntimes.com – Chicago based online newspaper
San Jose Earthquakes – San Jose California Professional Soccer Team (MLS)
Crowdtilt.com – The fastest and easiest way to pool funds with family and friends (Source: crowdtilt)
Lumfile – Server company that offers free cloud-based servers
Museum of the Coastal Bend – 2200 East Red River Street, Victoria, Texas 77901, USA
Gap, GameStop and JC Penney – have to use eGifter.com
Etsy Vendors – Original art and Jewelry creations
Fight for the Future – Leading organization finding for Internet freedom
i-Pmart (ipmart.com.my) – A Malaysian online mobile phone and electronic parts retailer
curryupnow.com – A total of 12 restaurants on the list of restaurants accept bitcoins in San Francisco Bay Area
Dish Network – An American direct-broadcast satellite service provider
The Libertarian Party – United States political party
Yacht-base.com – Croatian yacht charter company
Euro Pacific – A major precious metal dealer
CEX – The trade-in chain has a shop in Glasgow, Scotland that accepts bitcoin
Straub Auto Repairs – 477 Warburton Ave, Hastings-on-Hudson, NY 10706 – (914) 478-1177
PSP Mollie – Dutch Payment Service
Intuit – an American software company that develops financial and tax preparation software and related services for small businesses, accountants and individuals.
ShopJoy – An Australian online retailer that sells novelty and unique gifts
Lv.net – Las Vegas high speed internet services
ExpressVPN.com – High speed, ultra secure VPN network
Grooveshark – Online music streaming service based in the United States
Braintree – Well known payments processor
MIT Coop Store – Massachusetts Institute of Technology student bookstore
SimplePay – Nigeria’s most popular web and mobile-based wallet service
SFU bookstore – Simon Fraser University in Vancouver, Canada
State Republican Party – First State Republican Party to accept bitcoin donations (http://www.lagop.com/bitcoin-donate)
mspinc.com – Respiratory medical equipment supplies store
Shopify.com – An online store that allows anyone to sell their products
Famsa – Mexico’s biggest retailer
Naughty America – Adult entertainment provider
Mexico’s Universidad de las Américas Puebla – A major university in Mexico
LOT Polish Airlines – A worldwide airline based in Poland
MovieTickets.com – Online movie ticket exchange/retailer
Dream Lover – Online relationship service
Lionsgate Films – The production studio behind titles such as The Hunger Games and The Day After Tomorrow
Rakutan – A Japanese e-commerce giant
Badoo – Online dating network
RE/MAX London – UK-based franchisee of the global real estate network
T-Mobile Poland – T-Mobile’s Poland-based mobile phone top-up company
Stripe – San Francisco-based payments company
WebJet – Online travel agency
Green Man Gaming – Popular digital game reseller
Save the Children – Global charity organization
NCR Silver – Point of sales systems
One Shot Hotels – Spanish hotel chain
Coupa Café in Palo Alto
PureVPN – VPN provider
That’s my face – create action figures
Foodler – North American restaurant delivery company
Amagi Metals – Precious metal furnisher

Bitcoin is back above $8000 – 07Feb2018

Bitcoin is back above $8000 today (07 Feb 2018) after hitting a low of $6000 yesterday morning. The Bitcoin futures (XBT) hit a low of 5880 yesterday morning. Value buyers and short covering has lifted Bitcoin back above $8000 level. Bitcoin may test $6000-6500 level again in the coming days in order to confirm the buying support level.

The daily chart of Bitcoin (BTC/USD) is currently in bearish territory far below 50 day moving average, and Bitcoin will become very bullish once it crosses 50 day moving average. That 50 day moving average is also coming down gradually, and will provide strong support once it comes down to 9000 or lower. For now, Bitcoin is being sold on rallies, and above 50 day moving average, fresh buying will start. Above 14,000 strong upmove can be expected.

Bitcoin hourly chart analysis shows it has crossed 50 hour moving average, so it has become bullish in the very near term, and can go up till 9800 as part of the current rally this week.