Bitcoin hits new highs

Bitcoin hits new highs

India’s stock market has been swept to a new alltime high today:


The Nifty has hit 3 fresh records in the last 2 months but it has been one roller-coaster ride!

China also hit a milestone for iron ore imports last month, as it bought more higher-quality stocks from abroad.

Bloomberg has the details:

Iron ore imports by China surged above 100 million metric tons to a record, smashing the previous high set in 2015, as the country’s concerted push to clean up the environment stoked demand for higher-grade material from overseas while hurting local mine supply.

Chuck Reynolds

Marketing Dept
Please click either Link to Learn more about -Bitcoin.
Interested or have Questions. Call me 559-474-4614

Tell Us Why You Bought Bitcoin Or Face Account Closure: US Bank To Customer

Tell Us Why You Bought Bitcoin
Or Face Account Closure:
US Bank To Customer

US bank PNC allegedly “wants nothing to do with Bitcoin”

but still threatens to close accounts if customers do not reveal why they bought it. That’s according to a story circulating on social media getting increasing attention from the cryptocurrency community. A post by PNC account holder u/EliToohey Thursday recounts how the bank contacted them demanding to know why Bitcoin had been purchased from exchanges Coinbase and Xapo. “I've had a banking relationship with PNC Bank for 15 years and I just got a call to verify unusual activity,” the post reads. “He asked me to confirm a couple transactions then asked ‘For what purpose are you buying Bitcoin’”.

When the user refused to divulge the “purpose,” the bank’s representative threatened to close the account. “I told him I wouldn't answer, he then asked ‘What are you going to do with the Bitcoin’”, u/EliToohey continues. “I again told him I wouldn't answer. He then informed me that his security team told him they would ‘exit the relationship with me’ if they didn't get satisfactory answers.” The episode is not unusual in the often bizarre relationship banks have with cryptocurrency.

Tales of threats and sudden account suspensions have surfaced not just in the US, but also in Europe, with UK-based Barclays becoming one of the worst offenders in terms of contradictory and overreaching policy. Banks’ treatment of Bitcoin combined with bankers’ championing fiat has led to increasing ridicule from cryptocurrency investors in light of JPMorgan CEO Jamie Dimon’s allegations that Bitcoin is a “fraud.” Unlimited fiat money supply was a topic touched on by entrepreneur and commentator Tuur Demeester Wednesday, who highlighted a quote from the

US Federal Reserve on the issue.

Imagine if Satoshi's white paper said: "Bitcoin's total money supply doesn't really matter" Tuur Demeester (@TuurDemeester) October 11, 2017

Chuck Reynolds

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$5k Forever! Bitcoin Price Surges To Claim New All-Time Highs

$5k Forever! Bitcoin Price Surges To Claim New All-Time Highs

Analysts are more confident than ever that Bitcoin

will stay above $5000 today as prices continue surging towards new highs of $5050. Technical data from multiple sources indicates no slowdown in Bitcoin’s charge to retake the historic price level, having increased by $600 since Monday. Now, forecasts of resistance range from $5200 to $7000 should the largest digital currency

Hold above the barrier.

If we pass 5k, next possible resistance at 7k if we follow the same trend pattern #BTC #XBT #bitcoin $crypto #blockchain #moon #hodl, $BTC Over $5000 soon !
If It's gone try to $5200

More resilient

Bitcoin passed $5k for the first time September 2, before dropping back markedly as markets reacted to subsequent regulatory moves in China. A period of volatility, which saw prices dip below $2000 soon reversed, Bitcoin becoming rapidly more resilient to further

Hostile reactions from authorities.

"This week’s decision to block access to cryptocurrency exchanges in Russia, for example, had barely any effect on Bitcoin’s upward trajectory."

While BTC is no stranger to corrections, buoyant short-term predictions by well-known investors are flowing. On Wednesday, Mike Novogratz told CNBC he “would not find it surprising” if one bitcoin cost $10,000 by April 2018. At press time, BTC was trading around $5050 per coin according to Bitcointicker’s tracking of Bitstamp rates. In altcoin markets meanwhile, activity was flat as investors appeared to turn to Bitcoin.

Chuck Reynolds

Marketing Dept
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Vladimir Putin: Cryptocurrency Poses ‘Serious Risks’

Russian president Vladimir Putin said in a meeting today

that cryptocurrencies pose significant risks related fraud and money laundering. Quoted by Russian state news service TASS, Putin was speaking during a meeting that was focused on the subject of cryptocurrencies and financial tech more broadly. In the meeting, he formally voiced his support for new rules around cryptocurrency trading, stating that Russia should look to international examples as a guide when developing those regulations.

Indeed, the meeting represents some of Putin's most comprehensive comments on the subject to date. He first spoke about cryptocurrencies in the summer of 2015, remarking at the time that there were "serious, really fundamental issues related to its wider usage." In his new statements, Putin highlighted the rising profile of the technology, while also echoing those 2015 comments.

Putin was quoted as saying:

"Virtual [currencies] or cryptocurrencies are becoming and have already become more popular. They have already become or are turning into a full-fledged payment instrument and an investment asset in certain countries. At the same time, use of cryptocurrencies also carries serious risks."

On the subject of the rules themselves, Putin threw his support behind regulations that would protect consumers and facilitate the development of new financial products. "We should develop such a regulatory system on the basis of international experience that will make possible to make relations in this sphere systemic, definitely protect interests of citizens, business and the government, and provide legal guarantees for work with innovative financial instruments," he said.

His comments come after a senior official for Russia's central bank stated publicly that his institution will support efforts to block access to external websites that offer cryptocurrency brokering services in the country. Representatives from the Bank of Russia were also present at the Putin meeting, according to sources.

Chuck Reynolds

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Abu Dhabi Issues Cryptocurrency and ICO Regulations

Abu Dhabi Issues Cryptocurrency and ICO Regulations


The government of Abu Dhabi, through its markets regulator,

has released guidelines on virtual currencies and initial coin offerings (ICOs). The government of Abu Dhabi has published [PDF] guidelines to bring clarity to its regulatory approach to ICOs and virtual currencies for ICO organizers and digital currency adopters. After deliberation, the Financial Services Regulatory Authority (FSRA)– Abu Dhabi’s financial markets regulator – has decided that a “one size fits all” approach to virtual tokens, be it ICO tokens or digital currencies or any other implementation of blockchain solutions powered by crypto tokens, is “inappropriate.”

ICOs – Only Regulated if Seen as Securities

“The ICO market is incredibly diverse in terms of quality, there are some ICOs which constitute high risk,” said Christopher Kiew-Smith, head of fintech strategy at the FSRA. “The disclosures are not there, there are no financial statements, those are extremely high risk for those seeking returns.

Under the new guidelines, companies wishing to organize an ICO are now mandated to approach the FSRA where the authority will determine if the token offering is to be regulated as a security. If the FSRA determines the token falls outside the definition of a security, the token offering will remain unregulated. The FSRA underlined ICOs as “a novel and potentially more cost-effective way of raising funds for companies and projects.” Altogether a decidedly contrasting approach to the likes of China and South Korea who imposed blanket bans on ICOs.

FSRA chief executive director Richard Teng stated:

ICOs have transformed the capital formation landscape and global regulatory frameworks are evolving to adapt to such innovation. Participants exploring the issuance of ICOs that offer real value to the market and wish to operate within our regulatory framework are encouraged to engage us early to gain insights into the applicable regulatory regime.

Cryptocurrencies = Commodities

The FSRA, which also serves as Abu Dhabi’s financial watchdog, has determined that virtual currencies aren’t legal tender with characteristics more common with physical commodities like precious metals and fuels, due to their inherent value.

The FSRA explained:

Therefore from a regulatory perspective, virtual currencies are treated as commodities, which are not Specified Investments as defined under the FSMR. This means that a “mining” or spot transaction in virtual currencies will not constitute a Regulated Activity in itself.

Nonetheless, any regulated firms enabling or using virtual currencies for financial services will have to adhere to existing anti-money laundering/combating the financing of terrorism (AML/CFT) laws.

Bitcoin Could Still be Regulated, in the Future

The Abu Dhabi regulator has not ruled out the possibility of bringing cryptocurrencies like bitcoin under its regulatory purview. Pointing to a recent FinTech pact with its regulatory counterpart in Japan, FSRA capital markets director Wai Lum Qwok revealed that the watchdog is in discussions with Japan’s Financial Services Agency (FSA) about its regulation of bitcoin. Japan recognized bitcoin as a legal method of payment in April this year. More recently, the authority issued 11 licenses for bitcoin exchanges to operate in the country.

In notable quotes, FSRA’s capital markets director Wai Lum Qwok stated:

For us, we do see a lot of challenges in regulating something which was designed not to be regulated. We recently established a fintech reach with the Japanese FSA, and through such cooperation we hope to see how they regulate these and if there are risks they see…We are open to carving virtual currencies into the regulated space.

Chuck Reynolds

Marketing Dept
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Interested or have Questions. Call me 559-474-4614

Bitcoin Prices Higher, Bitcoin Cash Rebounds

Bitcoin Prices Higher, Bitcoin Cash Rebounds

Bitcoin prices higher, bitcoin cash rebounds – Bitcoin prices rose on Tuesday to hit fresh six-week highs, while bitcoin offshoot Bitcoin Cash rebounded following a slump in the previous session. On the U.S.-based Bitfinex exchange, Bitcoin hit a high of $4,885.30, the most since September 2 and was last at $4,817.60, up $34.60 or 0.72%. Bitcoin prices are back above pre-China-ban levels as traders anticipate the next leg higher in the digital currency, which could see it test its all-time high of $4,969. The sharp move higher has seen bitcoin’s market cap surge to $80 billion

The recovery in Bitcoin prices comes less than a month after China clamped down on bitcoin related activity, ordering domestic bitcoin exchanges to cease operations. Prices shrugged off reports on Tuesday that Russia is planning to block access to websites of exchanges that offer cryptocurrencies. Russian central bank First Deputy Governor Sergei Shvetsov said authorities cannot give direct and easy access to such “dubious instruments” for retail investors.

He made the remarks at a conference on financial market derivatives. Shvetsov said the central bank sees rising interest in cryptocurrencies because of high returns from buying into such instruments. He warned, however, that cryptocurrencies gradually transform into high-yielding assets from being a mean of payment. The price of bitcoin offshoot Bitcoin Cash was higher. It was last at $324.00, having opened at $311.86.

Bitcoin cash has a total market cap of around $5.4 billion at current prices, making it the fourth most valuable cryptocurrency. Elsewhere in cryptocurrency trading, Ethereum, the second biggest cryptocurrency by market cap after bitcoin, was up 0.99% to $300.50.

Chuck Reynolds

Marketing Dept
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This 39-year old sold everything he had for bitcoin — now he lives on a campsite waiting for the ultimate cryptoboom

This 39-year old sold everything he had for bitcoin — now he lives on a campsite waiting for the ultimate cryptoboom

Didi Taihuttu believes in bitcoin, and in a big way.

The 39-year-old has put his house up for sale — selling it in part for bitcoin — and now lives with his family on a campsite near Venlo in The Netherlands. All of his other items are for sale, too: the car, the motorbike, electric bikes, the children's toys, clothing, shoes. ith the proceeds, Taihuttu buys bitcoin and other cryptocurrencies, betting that it will make him rich."People will say, 'You're crazy'," Taihuttu told Business Insider. "But we are an adventurous family and are going to gamble for a moment to live minimalist lives. If you never take a risk, life is boring."

Taihuttu thinks digital coins such as bitcoin and the blockchain technology behind it are transforming the role of money and banks in society. With blockchain, no third party is required to approve a payment — a role currently performed by banks — and a network of computers keeps a record of all transactions. "The Internet was a revolution for information. I think that blockchain and cryptocurrency are revolutionising the monetary system," says Taihuttu. "In five years' time, everyone will say: 'We could have seen it coming.' I am responding to this change now."

Travelling the world for nine months

In the summer of 2017 Taihuttu and his wife made the radical decision to sell everything. The couple have just returned from a nine-month world trip through Asia and Australia with their three daughters. The Taihuttu's visits included Angkor Wat in Cambodia, swimming with dolphins near Brisbane and relaxing on the beach in Thailand.

Early last year, Taihuttu's father, John, died from cancer aged 61. A year before, it became clear that the former professional football player was incurably ill. "It was a difficult period," says Taihuttu, who ran his own company offering computer courses in Venlo for 11 years. "I had had it. I sold my business and we decided as a family to go travelling."

The crypto-believers

During that journey Taihuttu kept bumping into people who were using digital coins. In Bali, he met a South African exchange trader who resigned after 17 years and went into crypto trading. And on the beach near Noosa in Queensland he spoke to someone from Dubai who was trading in bitcoin. Taihuttu kept in touch with them all. They maintain contact through Skype, analyze the market daily and trade cryptomines based on what they're seeing in the price action.

"They are people who have a lot of experience in trading," says Taihuttu. "That is what I am still lacking a little." Taihuttu himself has been "in the coins", as he says it, since 2010, when the currency was worth less than one euro. "I am an entrepreneur, so when I first heard about bitcoin, I said: let's do this."

Mining bitcoin with dozens of computers

Along with a friend, Taihuttu set up a physical business to mine bitcoin after buying dozens of computers and video cards. When the value rose to several hundred euros in 2013, he decided to sell the coins. The entire stock. "If I had known then that four years later it would have been ten times more valuable, then of course I wouldn't have sold everything," says Taihuttu now. "But then I thought: I have to make a profit."

It wasn't too much later when the value of bitcoin plunged and its value was no longer clear. Suddenly, Taihuttu's cost of electricity and property rental were too high. Taihuttu then gave Dogecoin, a smaller emerging currency, a go. "I've had a tremendous amount of it, but that coin was worth nothing," he says. "The portfolio that I had at the time was perhaps worth 200 euros." In the end, he stopped minting for two years.

Dogecoin becomes a saviour

During Taihuttu's world tour, he got a message from a friend who had first told him about bitcoin. "Check your coins! Check your coins!" Dogecoin's value had soared to ten to twenty times its previous worth. In the spring of 2017, bitcoin's value rose to $3,000, and other cryptocurrencies climbed along with it. At work, at home, in the supermarket: suddenly everyone was talking about crypto craze. "That Dogecoin made me realise again: There is something going on in the world," says Taihuttu. The fact that he continued to meet so many bitcoin traders on his family's world trip was a sign for him. "This is no coincidence, I thought. So I went back into it again."

Selling the house

Back home, Taihuttu went to the real estate agent and told them he wanted to sell his house for 85 bitcoin. The Venlo property had been on the market for eight months, yet remained unsold. The decision attracted a lot of media attention and the property has been sold under reservation to a cryptocurrency trader. "He came to the house with his wife and they both thought it was great," says Taihuttu. "The asking price of 300,000 euros is as good as achieved," says Taihuttu. What part of it will be paid in bitcoin is yet to be negotiated with the buyer. "It is likely that the excess will be partly paid for in bitcoin, so that I have no problem repaying the mortgage," he says.

The system is not equipped

At the end of the day, banks are one of the biggest obstacles to selling a house entirely for bitcoin. Just like a conveyancer. Without the intervention of the latter, a house cannot change owner. The buyer typically pays the purchase price into a trust account set up by the conveyancer, which then passes the deed of sale. If the transfer of the property has been registered in the Land Registry, the conveyancer will transfer the amount to the seller.

These transactions still have to be carried out in euros, because the conveyancer does not have a digital wallet to store cryptocurrencies. And there is another problem: what if the bitcoin falls in value in the few days that the purchase price is on the conveyancer's trust account? "The entire system is not designed for it. I wanted to help start changing that,"says Taihuttu. "Unfortunately, it has not become what I had expected. We in the Netherlands have not yet reached the point where we have complete confidence in blockchain, so the notary will have to act."

Minimalist lifestyle

The new lifestyle look a while for the Taihuttu family to get used to. Their luxury four-bedroom, 200 square meter house has been swapped for a chalet on a campsite. Taihuttu's three daughters, who had each had their own room, now all bunk in together. The family's other items are also for sale, in order to buy as much bitcoin as possible. The family will continue this way until 2020, at which point Taihuttu hopes bitcoin and blockchain will be irreplaceable and his wealth will be worth three to four times as much.

In the meantime, the family lives with fewer things.

"That was ultimately the decisive factor for my wife to say yes to this plan," says Taihuttu. "Education is the best for the kids. If you raise your kids to be too materialistic, it is not good. And that was what we were doing, to be honest." And if things go wrong? "Then we will be without money for a moment. But I don't think that that's the worst thing that can happen in life."

Chuck Reynolds

Marketing Dept
Please click either Link to Learn more about -Bitcoin.
Interested or have Questions. Call me 559-474-4614

Things Ray Dalio Hasn’t Learned About Crypto Yet

Things Ray Dalio Hasn't Learned About Crypto Yet


“Bitcoin today you can't make much transactions in it. You can't spend it very easily."

That's what Ray Dalio, founder of mega hedge fund Bridgewater, had to say about Crypto last month.

He went on to say:

"It's not an effective storehold of wealth because it has volatility to it, unlike gold […] Bitcoin is a highly speculative market. Bitcoin is a bubble."

These remarks (as well as a recent barrage on the topic by JPMorgan CEO Jamie Dimon) got me excited. Excited because the very people who have built modern “Big Money” don't understand the power that crypto is unleashing around the world. What’s being built isn’t a new area of finance—it’s an entirely new parallel replacement. So Ray, Jamie—these are the highlights of crypto that opened my eyes to what may be coming. And now I can hardly look away.

Some ground rules:

  • It's not new money—don't bring the biases you have tied to government-issued currency—it's something far more powerful.
  • Remember: it's still extremely early. In Internet terms, recall the days of the 14.4 KB/s modem. We can squint and begin to imagine Netflix playing on a iPhone, but we are still very far away.
  • No one knows where this leads (this author included) — but it's important to understand why this is like nothing before.

What the internet is for information, blockchain tech is for transactions.

This is important. The Internet is, at it’s core, a series of protocols that allow people—who have no prior relationship—to move data back and forth. This goes from low-level things like semi-structured text all the way to streaming 360-degree video. But as soon as the smallest snippet of text was transferred, everything else could follow. What the internet also did—that wasn’t really possible in the previous world of proprietary machine data connections—was provide smart linkage between content. Example primitives here include embedding a photo and linking to a different web page.

How does this apply to transactions?

Bitcoin’s key “academic” revelation was the first practical solution to a long-standing (since 1982) problem—called the Byzantine Generals Problem.

This problem is as follows:

Several armies surround a castle they are going to attack. Each army faction is led by a general. However, they must all attack simultaneously to ensure success. It doesn’t matter what time they attack, so long as they agree. Since they are spread out, it makes communication unreliable. If two attack times were proposed, some generals might hear a different one first. And worse, some of the generals are traitors, and may relay an incorrect message (wrong attack time or similar) to the other generals. So how can the generals ensure a coordinated attack?

In Satoshi's (the pseudonymous founder of Bitcoin) own words:

They use a proof-of-work chain to solve the problem. Once each general receives whatever attack time he hears first, he sets his computer to solve an extremely difficult proof-of-work problem that includes the attack time in its hash. The proof-of-work is so difficult, it's expected to take 10 minutes of them all working at once before one of them finds a solution. Once one of the generals finds a proof-of-work, he broadcasts it to the network, and everyone changes their current proof-of-work computation to include that proof-of-work in the hash they're working on. If anyone was working on a different attack time, they switch to this one, because its proof-of-work chain is now longer.

After two hours, one attack time should be hashed by a chain of 12 proofs-of-work. Every general, just by verifying the difficulty of the proof-of-work chain, can estimate how much parallel CPU power per hour was expended on it and see that it must have required the majority of the computers to produce that much proof-of-work in the allotted time. They had to all have seen it because the proof-of-work is proof that they worked on it. If the CPU power exhibited by the proof-of-work chain is sufficient to crack the password, they can safely attack at the agreed time.

If you are new to crypto: a “hash” is basically a fingerprint—a secure, repeatable reduction of information. Imagine I send you a file via an insecure channel. Someone could tamper with the file. But if I’ve told you (offline, or another secure channel) what the “hash” is, then you can check to make sure the file arrived without tampering. With the solution for the Byzantine Generals in hand, “Money” as we know it is the easy demonstration app to build—akin to transferring plain text between computers in Internet terms. Bitcoin may not be the platform that captures much of the innovation yet to come, but it’s clearly benefitting from the network effects of being the first real-world deployment that demonstrates the power of this technology.

Never before could anyone build a monetary “country.”

Our locally-issued currency (“fiat” for short) is a relatively fragile, modern invention. We don't have to look very far into history to see how this method may well be ill suited for our future. Consider the Bretton Woods Agreement — named for international conference held in a New Hampshire town of the same name in 1944, at the end of WWII. In short, the agreement was that countries may set their own interest rates, so long as they artificially constrained and fixed exchange rates between each country.

Why? The goal was for countries to have sufficient yield in capital to rebuild war-torn Europe. If currencies were to be fluid, all the capital would go to the economy with the highest real yields (and likely be unavailable for lower-return, but still necessary projects.) The IMF and World Bank were established to finance shortfalls across member countries. But differences in inflation rates went on to rip this agreement apart by the beginning of the 1970s. Even at the size of nations, it's hard to keep anything static in markets. Even after further recalibration, the subsequent floating exchange rates put in place led to rampant inflation in the ‘70s.

In our modern age—with unlimited information and entirely geographically dispersed organizations—why would any organization tie themselves to their geographically-proximate neighbors? Ask anyone who has managed payrolls across currencies: it's an entirely different risk. Now with Crypto, anyone—whether a company, a protocol, a network (think EBay buyers and sellers)—can create their own monetary country. This new country's value, relative to more-commonly-traded-counterparts, may experience significant amounts of volatility.

It doesn't matter that Bitcoin's transactions aren't scalable: you don't have to carry only one physical currency to the global markets. It doesn't matter that it's highly volatile, relative to fiat currency: you will seamlessly be able to convert value to the economic “country” where you need to spend it. Some of these countries (maybe even Bitcoin itself) will eventually become incredibly stable. (Or maybe a monetary country will emerge that provides a simple future yield contract, with desired stability characteristics.)

Some of these “new countries” may badly draw their own borders and be unsustainable or disastrous. Existing nations may be hostile—and attempt to seize or shut down smaller crypto countries. As the Bitcoin project itself has shown—internal politics and inability to move quickly might be huge challenges within these projects. Regardless of an individual ecosystem’s success or failure, this is a new power we've never seen or experienced at scale.

It's a currency. It's access to the network. And it's equity in the project.

With the “real” rates (interest minus inflation) stuck at nearly zero for so long, there's just too much money seeking return. I've written before about the ICO phenomenon and the incredible volume (relative to VC as a whole) that is rushing into the system. At the core: the flexibility of the token system is allowing market demand for non-zero interest returns to seep into new technology projects. So what’s an ICO? Answer: it totally depends.

Chuck Reynolds

Marketing Dept
Please click either Link to Learn more about -Bitcoin.
Interested or have Questions. Call me 559-474-4614

What’s Bitcoin exactly, and should I invest in it?

What's Bitcoin exactly, and should
I invest in it?


Bitcoin, the best-known of the upstart digital currencies,

is still a mystery to many Americans. If you've heard about Bitcoin, it's mainly from startling headlines about its 400% price gain earlier this year, or its surge to nearly $5,000 last month, making it the the most-valuable player in the mushrooming space for so-called crytocurrencies. Or because Wall Street skeptics call it a “fad,” a “fraud” and a “speculative bubble.” Believers in Bitcoin say it’s the money of the future, a digital alternative to the dollar or euro or yen. Non-believers say it’s not real money. After all, you can't dig into your pocket and pull one out like a $10 bill and hand it to a cashier at Dunkin Donuts to pay for your morning coffee. Some investment pros say it’s a new asset class, no different from a stock, a bond or an ounce of gold, and that it has great investment promise. Skeptics say it’s not an investment because there’s no good way to value it.

So what exactly is Bitcoin?

Bitcoin is a digital currency and digital payment system that allows people to send and receive Bitcoins — or digital tokens — to anyone, anywhere in the world. It runs on a decentralized network of computers where all transactions are recorded, verified and updated by technology known as blockchain, which is akin to an online public ledger. Unlike traditional payment networks such as Mastercard, Bitcoin isn’t owned by anyone.There’s no central authority, such as a bank or government, that's in charge of it.

How do you buy Bitcoin?

An easy way to get started is to set up an account with a Bitcoin exchange like U.S.-based Coinbase, which allows you to purchase Bitcoins with money from your bank account or credit card. And just like the New York Stock Exchange is a place you can go to buy and sell stocks like Apple or Amazon, these exchanges will let you trade cryptocurrencies.

How do I access my bitcoin “money”?

Bitcoins purchased on an exchange or received in a transaction can be stored and accessed in a so-called "Bitcoin Wallet," which is like a bank account. A Bitcoin Wallet lets you receive Bitcoins, store or save them, and send them to others. There are apps that allow you to install a Bitcoin Wallet on your computer or mobile device.

Where can I spend it and what can I buy with it?

You can spend your Bitcoin at any retailer set up to accept Bitcoin as money to pay for purchases. But Bitcoin hasn’t yet enjoyed widespread adoption, and those retailers that do accept it, mostly are set up online. You can use Bitcoin to buy over 1,000 products at discount retailer You can also go online and use Bitcoin at Microsoft to buy apps, games and videos on Xbox, book airline tickets from or hotel rooms from Expedia, purchase a satellite TV subscription from Dish Network or buy a sub sandwich from an Allentown, PA, Subway store. One way to get around retailers not accepting Bitcoin is to purchase gift cards for retailers like Amazon or BestBuy at gift card makers like eGifter that accept Bitcoin.

How are Bitcoins priced?

The price is determined by supply and demand – and market forces. The Bitcoin supply will be limited to 21 million, and currently there are roughly 16.6 million. Whether Bitcoin rises or falls in value depends on whether investors believe it will gain widespread acceptance, whether it can avoid being shut down by governments and whether it can continue to dominate the digital currency market or be surpassed by one of more than 1,100 other cryptocurrencies.Bitcoin has so much flavor of the month because it is a relatively new alternative currency demanded by hackers. Video provided by TheStreet Newslook

What do investors need to know about Bitcoin?

Bitcoin has gained most of its notoriety as an investment. A single Bitcoin ended 2016 at around $950 but skyrocketed to nearly $5,000 on Sept. 1. That's a gain of around 425%. But one of Bitcoin’s downsides is that it has proved to be wildly volatile. Three weeks after hitting its 2017 peak, it had given back more than 25% before rallying back 20% to around $4,350 Friday.

Bulls and Bears collide on Bitcoin

That rapid ascent has been accompanied by wildly different prognostications about Bitcoin’s future. Bulls like Thomas Lee, founder of Wall Street firm Fundstrat Global Advisors, see promise. His firm thinks Bitcoin could be worth $6,000 by the middle of 2018, 40% higher than current levels. His long-term target is as high as $25,000 by 2022. He believes Bitcoin will enjoy “expanded acceptance” as a digital currency and payment platform as well as “broader adoption” as a “store of value” similar to gold. He also sees a growing interest from big institutional investors, largely because the market cap of the cryptocurrency market has grown to an estimated $147.4 billion, according to

But there's some  big bears out there. Jamie Dimon, CEO of J.P. Morgan, has called Bitcoin a “fraud.” At a recent investment conference, Dimon said, “Right now, cryptocurrencies are kind of a novelty.” His fear is that when people start to lose money, governments around the world will eventually “shut down” exchanges that trade digital currencies. “It will end badly,” he said. 

But where Dimon sees trouble, others see profit-making opportunities. 

Bitwise Asset Management, a San Francisco-based startup, has just introduced a new cryptocurrency investment fund. The Bitwise HOLD 10 Private Index fund tracks the top 10 cryptocurrencies weighted by market cap, including No. 1 Bitcoin and others such as Ethereum, Ripple, and Zcash. Citing risk  and a need to “proceed with caution,” Bitwise co-founder Hunter Horsley says it makes more sense for investors to be able to buy a basket of cryptocurrencies to reduce risk through diversification. His firm's new fund will track the biggest cryptocurrencies like the Standard & Poor’s 500 stock index tracks the largest U.S. stocks.

“Our view is that, over time, as cryptocurrencies continue to ascend along with their potential, that more people will want to participate via investing,” Horsley told USA TODAY. He says owning a basket of cryptocurrencies is better than owning just Bitcoin. He notes that Bitcoin, which made up roughly 85% of the total cryptocurrency market earlier this year, now accounts for about 55% of its total market cap. “You don’t want to be trying to pick the winners,” he says.

There are now at least 55 crypto-focused hedge funds, according to financial research firm Autonomous Next. And Goldman Sachs, a big Wall Street bank, is reportedly looking into a new trading operation involving Bitcoin and other digital currencies. Don’t buy the hype, counters value investor Howard Marks of Oaktree Capital Management. “In my view, digital currencies are nothing but an unfounded fad, based on a willingness to ascribe value to something that has little or none beyond what people pay for it,” Marks told clients in a letter back in July.”

Chuck Reynolds

Marketing Dept
Please click either Link to Learn more about -Bitcoin.
Interested or have Questions. Call me 559-474-4614

TriForce Tokens Blockchain Gaming Supported by Coventry University Enterprise Ltd, Going Through IP Audit Process With Innovate UK

TriForce Tokens Blockchain Gaming Supported by Coventry University Enterprise Ltd,
Going Through IP Audit Process With Innovate UK


Gaming solutions company TriForce Tokens confirms support

from Coventry University Enterprises Ltd and an ongoing IP audit with the U.K. government's innovation agency Innovate UK. Pre ICO scheduled for Oct. 14th. Blockchain gaming solutions start-up TriForce Tokens continues to build momentum, partnering with Coventry University Enterprises Ltd for corporate and business cooperation, while initiating an IP audit with the U.K. government's Innovate UK for its technology and brand. For more information on TriForce Tokens's vision and development objectives, visit the TriForce Tokens website and read the official whitepaper. TriForce Tokens Steam-like blockchain-based gaming platform is in Early Alpha and can be accessed for players and for developers.

Taking the booming online games industry into the blockchain era

More than 2 billion people – almost a third of the entire planet — will be playing games online by the end of 2017, generating revenues in excess of $100 billion*. This number is set to increase by more than six percent annually, as mobile users join a growing legion of console and PC gamers. TriForce Tokens seeks to shake up the multi-billion dollar online games industry with a decentralized platform that will enhance game development and improve player experiences.

The TriForce Tokens revolution: decentralized gaming for new revenue models

TriForce Tokens' chief objective will be to address the main issues that prevent independent developers from producing successful titles, acknowledging that they work with smaller budgets, limited resources and tight deadlines. A decentralized platform promises a way to rapidly deploy common features such as tournaments, P2P trading and peer ranking, across games and platforms.

Players on separate games and platforms will not be forced to abandon their digital empires, as TriForce Tokens will look to harmonize all existing digital assets into a single ecosystem of digital wealth. Using a tokenized system, players can trader with others, earn rewards from competitive events. Developers can use the same tokens to compensate users for tasks and charge custom fees for P2P transactions.

Blockchain transparency is a feature of TriForce Tokens, encouraging communities that foster happiness, safety and ethical conduct. Helpful players who contribute to collaboration are recognized by a unique and transparent honor system, rooting out fraud and negative elements such as "toxic communities" harmful to player retention.

To mitigate player attrition, developers can benefit from TriForce Tokens' big data algorithms and behavioural analysis, learning deep player insights that will greatly assist in creating novel gaming experiences. TriForce Tokens features another blockchain innovation in its authentication network, that hopes to assist developers in copyright and piracy protection. It will also provide alternative methods for developers to still extract some revenue from already pirated content.

Strengthening its position through strategic partnerships

TriForce Tokens recognizes that a multi-faceted approach must be taken to position themselves as a serious leader in online gaming, with sound business, compliance and corporate structures as vital as technology development. TriForce Tokens now has the pleasure to announce that it has initiated an IP audit process with the U.K. government's innovation agency, Innovate UK. The audit will assess TriForce Tokens' technology and brand, helping to provide a stronger business focus to ensure they deliver maximum value. Innovate UK will work with TriForce Tokens to connect them with relevant partners through its innovation networks.

TriForce Tokens will also receive business support from Coventry University Enterprises Limited.  Coventry University Enterprises Ltd's award-winning Technology Park is a prestigious location that hosts some of the region's most innovative businesses and is home to the Serious Games Institute. It already benefits from the synergy of membership with two of the industry's foremost advocates: TIGA, a games and publisher network, and trade association with proven political clout in the U.K., and Swiss-based Crypto Valley Association, a collective of the world's leading blockchain and cryptographic tech initiatives.

TriForce Tokens and Crowdsale

TriForce Tokens (TFT) will be the currency powering payments and rewards on the decentralized gaming ecosystem. They will also be available to trade on external platforms, driving significant appreciation of value as the project grows in strength. TriForce Tokens Steam-like blockchain-based gaming platform is now available for testing. The Early Alpha can be accessed  for developers. As part of a fundraising exercise to support the development of its platform, TriForce Tokens will conduct a public crowdsale of tokens via an Initial Coin Offering (ICO).

A pre-ICO will open on Oct. 14, 2017 (1.30pm GMT) for 48 hours only. Participants in the pre-ICO are able to buy tokens with a 60% discount on top of the standard rate of 1 TFT at $0.20. In addition, 50 random pre-ICO participants will be chosen to receive a free Ledger Nano S hardware wallet. Following this, TriForce Tokens will launch its main ICO event from Nov. 12, 2017 to Nov. 25 (1.30 p.m. GMT), 2017. TriForce Tokens also has ambitions to become the first fully-compliant U.K. ICO, and is working on ISO27001 certification and General Data Protection Regulations (GDPR) compliance.

The Team

TriForce Tokens is backed by an ensemble of experts from a range of sectors, including corporate management, online gaming, computer security and blockchain development.

Some of its key team members include:

Pete Mardell, CEO

Mardell established himself as a strong engineering professional with his work on a range of technical web applications when he was Head of Development for a recruitment agency in the UK. An avid gamer, Mardell is also a long-time cryptocurrency enthusiast.

Raza Ahmed, CTO

Ahmed has vast experience as a Senior Full Stack Web Developer and qualified blockchain developer, with expertise in Solidity (Ethereum), Javascript, SQL, Node.js, and AngularJS, among others. An MSc holder in Software Development, Ahmed has developed web applications for almost eight years. An associate professor at Coventry University's Faculty Research Centre for Manufacturing and Materials Engineering, Dr. Shah currently lectures in Ethical Hacking and Computer Security.

Jakub Kafarski, Front-end Engineer

Kafarski has worked on front-end engineering for the likes of Noveo, Madkom and Ericsson across Poland, U.K., and Sweden. He works as a front-end software engineer at CycloMedia Technology, a leader in its field. He is skilled at JavaScript, React, Redux and Node.js and is a member of Mensa.

Sorina Rusu, System Developer

Rusu is a passionate developer with extensive experience in PHP and Node.js. Her good organization skills and dedication has been key to her successes with consulting and tech firms in Romania as well in the U.K.

Haider Malik, Senior Full Stack Developer

A Javascript expert, Malik also doubles as an instructor at learning academies Udemy and Fullstackhour.

Simona Patrut, Marketing

Patrut has a strong marketing background, including a management role at Romania's Hilmi Medical Center, where she has managed entire product marketing cycles. She is an expert at building new partnerships for strong brand awareness.

Mihai Bratoi, Brand Designer

Bratoi is a Platinum Designer at U.K. designing firm 99designs. His work focuses on creating unique, memorable designs that respond well to customer needs for corporate needs and social media. TriForce Tokens is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections.

Chuck Reynolds

Marketing Dept
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