The value of the Bitcoin (Symbol: XBT or BTC) fluctuates constantly and Bitcoin technical analysis is required in order to know when to buy and sell this currency. Several online currency exchanges are available where one can exchange dollars and other currencies for Bitcoins. .
The traders at DailyForex monitor the Bitcoin markets on an ongoing basis and provide you with Bitcoin forecasts (Mostly XBT/USD) that show you how to profit from this unique currency. Watch the gyrations of the Bitcoin based on Bitcoin technical analysis, global availability and government regulation in the Bitcoin market analysis below.
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HSBC recently severed its ties with GA Advisors, the world’s first regulated Bitcoin investment fund. Supposedly, the bank was worried about a “money laundering risk” activities in the Bitcoin industry.
One of the biggest advantages of Bitcoin is its user anonymity. Many analysts consider this to be one of the main reasons as to why it drew such extensive clientele.
The yearly North American Bitcoin Conference is gaining more and more prominence, thanks to a surge in registration. Participants have been working closely with the industry, investors and individuals who want to know more about the Bitcoin world.
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Payward Inc, one of the leading Bitcoin exchanges stated that it will assist the recently collapsed Mt. Gox, on investigating the loss of hundreds of thousands of Bitcoins and manage the process of paying back its creditors.
Bitcoin has long been considered a revolutionary that individuals will ultimately conduct their transactions. It is no doubt that the crypto-currency came a long way from only being considered another financial asset.
As Thanksgiving weekend approaches, retailers are gearing up for Black Friday. Black Friday is a retail spin-off, used by retailers to offer huge discounts just before the holiday season to substantially increase sales volumes.
Bitcoin is being very well received in Netherlands, with its user base growing substantially. It has been reported that the country is considering not imposing a Value-added tax on the sale or purchase of Bitcoins.
Over recent months, there has been an uproar concerning the National Security Agency snooping into social media records of users from world over. This led to the development of many platforms which are claiming to be encrypted.
A group of billionaires have recently taken an active interest in developing the Bitcoin marketplace and Bitcoin technology. They already invested close to $21 million in the blockchain technology called Blockstream.
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Bitcoin has over the past few years has had its ups and downs. From being touted as the new transaction currency, breaking away from the traditional currencies, to being used as a prime currency for running an underground drug market called Silk Road, Bitcoin seems to have come a full circle.
Ex-CEO of Citigroup Vikram Pandit, has come out in support for Bitcoin and believes that the innovative product has the potential of changing the way transactions happen.
Over the past couple of months, there were ramblings in the financial markets as to how Bitcoin has lost steam.
According to many industry experts, Bitcoin is primed for greater expansion in the near future. Get the Bitcoin/USD analysis for November 13, 2014 here.
Yesterday the Bank of Ukraine announced via its website that Bitcoins cannot be used as a form of payment in Ukraine.
New York Superintendent of Financial Services Benjamin Lawsky, who has been trying to introduce a BitLicense legislation for all companies that are working with Bitcoin is rumoured to be stepping down in 2015.