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Understanding Crypto Currencies & Bitcoins

37 Responses

1. Ken Yeung MBA CMP™ candidate, on February 7, 2014 at 9:17 PM said:

   More on Bitcoin

   Since the creation of Bitcoin in 2009, the price reached as high as $1,100 USD; thanks in large part to the surge in speculative interest from China. With more than 100,000 of virtual coins traded daily, China became the largest trading center of Bitcoin in the world.

   However; in December of 2013, when the People’s Bank of China decreed that merchants may not accept Bitcoin and forbade banks and payment processors from converting Bitcoin into Yuan; the price of Bitcoin fell to below $500 in response.

   Furthermore, Apple recently removed Blockchain, the last Bitcoin wallet app from its’ iOS App Store, signaling that Bitcoin is becoming an ever so more volatile asset.

   Ken Yeung MBA CMP™ candidate
   http://www.CertifiedMedicalPlanner.org

   LikeLike
2. Gunder, on February 14, 2014 at 3:21 PM said:

   Clinkle

   A related start-up named Clinkle is a mobile payment firm. Founded by Lucas Duplan in 2011, the company began as a small group of students.

   In 2013 it raised $25 million in what became Silicone Valley’s largest seed funding round. Clinkle released an app for download on Google Play and the iTunes Store. The current versions have very limited functionality and only allow users to join a waitlist. Future products include a mobile app that serves as an online wallet linked to existing credit cards or bank accounts, and an app used high-frequency sound to send payments between devices.

   This product will also provide merchants with information about their customers for the purpose of targeted sales promotion.

   Gunder

   LikeLike
3. Ernest, on February 18, 2014 at 12:22 AM said:

   More on BitCoin

   Silk Road Pledges to Pay Back Users After $2.6 Million Bitcoin Hack

   http://www.nbcnews.com/tech/security/silk-road-pledges-pay-back-users-after-2-6-million-n32341

   Ernest

   LikeLike
4. Dwane, on February 19, 2014 at 6:51 PM said:

   Bitcoin ATMs?

   To expand its network, Robocoin is also offering $10,000 in Bitcoin to ambassadors who help find new ATM kiosk operators.

   http://money.msn.com/investing/post–bitcoin-atms-coming-to-seattle-and-austin

   Dwane

   LikeLike
5. Rivka, on February 22, 2014 at 11:17 PM said:

   Bitcoin

   The bitcoin currency has been banned in Russia due to increased threat of cyber criminals using the digital currency to launder funds.

   Money remains a state-controlled currency, so the rise of independent crypto currencies, such as bitcoin, makes it difficult to determine the right method to address these problems.

   Rivka

   LikeLike
6. Ann Miller RN MHA, on February 25, 2014 at 12:33 AM said:

   Why more docs are accepting bitcoin?

   Ken – Some doctors who have taken bitcoins have found that doing so is both simple and relatively “unmagical.”

   http://www.medicalpracticeinsider.com/news/why-more-docs-are-cashing-bitcoin?email=MARCINKOADVISORS@MSN.COM&GroupID=90115

   And, in an industry where payment transactions are becoming increasingly more complex, that may be just what the doctor ordered.

   Ann Miller RN MHA

   LikeLike
7. Ann Miller RN MHA, on March 5, 2014 at 7:44 PM said:

   A Bitcoin Death,

   Autumn Radtke, the CEO of the online currency exchange, died last week under mysterious circumstances at her home in Singapore.

   http://www.nbcnews.com/business/business-news/head-online-currency-exchange-found-dead-singapore-n45101

   Ann Miller RN MHA

   LikeLike
8. Milish, on March 20, 2014 at 11:02 AM said:

   Is bitcoin now as good as gold?

   Gold has long been seen by many investors a hedge against economic disaster.

   http://money.msn.com/investing/post–is-bticoin-now-as-good-as-gold

   Bitcoins offer many of the same properties, but which is better?

   Milish

   LikeLike
9. Rudiger, on March 27, 2014 at 8:07 PM said:

   3 reasons IRS ruling is good for Bitcoin

   Proponents of Bitcoin got good news when the IRS ruled the digital currency would be taxed as property and not as a currency.

   http://money.msn.com/top-stocks/post–3-reasons-irs-ruling-is-good-for-bitcoin

   Rudiger

   LikeLike
10. Rudiger, on April 16, 2014 at 1:33 PM said:

    Mt. Gox

    Defunct bitcoin exchange Mt. Gox has given up plans to rebuild under bankruptcy protection and has asked a Tokyo court to allow it to be liquidated, the Wall Street Journal reported, citing people familiar with the situation.

    http://news.msn.com/science-technology/defunct-bitcoin-exchange-mt-gox-files-for-liquidation-wsj

    Rudiger

    LikeLike
11. Charma, on April 30, 2014 at 12:57 PM said:

    MIT Project Giving Every Student $100 – in Bitcoin

    Did you know that two students at MIT have raised enough money to hand out $100 in bitcoin to every undergrad at the university?

    http://www.nbcnews.com/tech/internet/mit-project-giving-every-student-100-bitcoin-n93121

    Though they do admit they don’t know what will happen next.

    Charma

    LikeLike
12. Carmichael, on June 28, 2014 at 12:45 PM said:

    Feds Auction 30,000 Bitcoins

    http://www.nbcnews.com/tech/tech-news/feds-auction-30-000-bitcoins-seized-silk-road-raid-n143091

    From those seized in the Silk Road raid

    Carmichael

    LikeLike
13. Preston, on June 29, 2014 at 11:45 AM said:

    Bitcoin in California

    Governor Jerry Brown just signed into law a bill that clears away possible state-level obstacles to alternative currencies such as bitcoin.

    http://news.msn.com/us/california-governor-signs-bill-to-bring-bitcoin-and-other-currency-into-fold

    Preston

    LikeLike
14. George, on June 30, 2014 at 1:34 PM said:

    Don’t put your money into Bitcoins for the long run

    Warren Buffett recently said:

    “It’s not a currency. It does not meet the test of a currency. I wouldn’t be surprised if it’s not around in 10 or 20 years. … It is not a durable means of exchange. It’s not a store of value. … It’s been a speculative — a very speculative — kind of Buck Rogers-type thing, and people buy and sell them because they hope they go up or down just like they did with tulip bulbs a long time ago.”

    But, is he right?

    George

    LikeLike
15. Rivka, on August 30, 2014 at 3:48 PM said:

    Bitcoin promoter to plead guilty to unlicensed money transmission

    Bitcoin entrepreneur Charlie Shrem reached a plea deal to resolve U.S. charges that he engaged in a scheme to sell over $1 million of the digital currency to users of illicit online marketplace Silk Road.

    http://news.msn.com/crime-justice/exclusive-bitcoin-promoter-to-plead-guilty-to-unlicensed-money-transmission

    Rivka

    LikeLike
16. Sidney, on September 29, 2014 at 10:54 AM said:

    Don’t put your money into Bitcoins for the long run

    Warren Buffett Speaks:

    “It’s not a currency. It does not meet the test of a currency. I wouldn’t be surprised if it’s not around in 10 or 20 years. … It is not a durable means of exchange. It’s not a store of value. … It’s been a speculative — a very speculative — kind of Buck Rogers-type thing, and people buy and sell them because they hope they go up or down just like they did with tulip bulbs a long time ago.”

    Sidney

    LikeLike
17. George, on October 30, 2014 at 10:59 AM said:

    Bitcoin Grows Up

    From Bitcoin’s beginnings five years ago, it’s been all about sticking it to the man and the financial establishment. Until now.

    http://dealbook.nytimes.com/2014/10/28/former-s-e-c-chairmain-to-advise-two-prominent-bitcoin-companies/?_php=true&_type=blogs&_r=0

    Two Bitcoin companies, BitPay, a payment processor, and Vaurum, an exchange for institutional investors, have hired Arthur Levitt Jr., who served as the chairman of the SEC from 1993 to 2001, as an advisor.

    George

    LikeLike
18. Preston, on December 17, 2014 at 11:08 PM said:

    Bitcoin

    Bitcoin, the online cryptocurrency recently hailed as the most successful of its kind, has been valued as potentially the worst investment in 2014 by business site Quartz.

    http://www.msn.com/en-us/money/markets/bitcoin-worse-investment-than-the-rouble-in-2014/ar-BBgVm7a?ocid=iehp

    Preston
    http://www.amazon.com/Comprehensive-Financial-Planning-Strategies-Advisors/dp/1482240289/ref=sr_1_1?ie=UTF8&qid=1418580820&sr=8-1&keywords=david+marcinko

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19. Braxton, on December 29, 2014 at 11:02 AM said:

    Preston,

    Yep – It’s true.

    In fact, Bitcoin did so poorly this year, Bloomberg notes that it was the world’s worst currency for 2014. Even with the losses plaguing the European and Asian landscape this year, mostly centered on Russia and Ukraine, their currencies’ fluctuations were overshadowed by Bitcoin’s poor performance.

    Braxton

    LikeLike
20. Leham, on January 9, 2015 at 2:53 PM said:

    The Winklevoss Twins Can’t Catch a Break

    According to Wealth Management’s MorningMem, the Winklevoss twins just filed with the SEC on December 31st. to launch a bitcoin ETF. Yet, even some bitcoin enthusiasts think it’s a bad idea.

    One section admits that there is nothing a shareholder can do if the bitcoins backing the ETF happen to disappear, whether by human error or criminal action, which is a problem bitcoin has faced repeatedly.

    The bitcoins won’t be insured and the investment trust won’t be held responsible, so places like Inside Bitcoins conclude that it’s probably just better for people to keep their bitcoins privately.

    Leham
    http://www.amazon.com/Insurance-Management-Strategies-Physicians-Advisors/dp/0763733423/ref=sr_1_3?ie=UTF8&s=books&qid=1275315795&sr=1-3

    LikeLike
21. Judge, on May 8, 2015 at 1:23 PM said:

    More on Crypto-Currency

    Winklevoss Twins Eat, Sleep, Breathe Bitcoin
    http://techcrunch.com/2015/05/06/winklevoss-twins-eat-sleep-breathe-bitcoin/

    Judge
    https://www.crcpress.com/product/isbn/9781498725989

    LikeLike
22. Ignace, on July 8, 2015 at 10:44 AM said:

    Citigroup Building A Bitcoin-like Digital Currency

    While several financial services companies ponder how they can incorporate digital currencies like bitcoin, or if they should at all, Citigroup is instead building its own.

    Kenneth Moore, head of Citigroup Innovations Lab, recently opined that the bank has three separate systems to experiment with cryptocurrency technology, and one of them is a bitcoin equivalent called “Citicoin.”

    Moore also suggested that a digital currency could help Citigroup move money from country to country, and developing their own could help the bank maintain control.

    http://www.ibtimes.co.uk/codename-citicoin-banking-giant-built-three-internal-blockchains-test-bitcoin-technology-1508759

    So, is imitation really the sincerest form of flattery?

    Ignace

    LikeLike
23. Ernest, on July 23, 2015 at 12:55 PM said:

    Florida Men Charged For Underground Bitcoin Exchange

    While some in the financial world are trying to make bitcoin a viable alternative investment, the digital currency still seems to attract trouble.

    http://wealthmanagement.com/blog/should-advisors-get-paid-all?NL=WM-27&Issue=WM-27_20150723_WM-27_868&sfvc4enews=42&cl=article_6_2&utm_rid=CPG09000002702210&utm_campaign=3269&utm_medium=email&elq2=9985ff0a34264114afeae9932d8684e8#bitcoin

    Ernest

    LikeLike
24. Hope Hetico RN MHA, on February 16, 2016 at 1:14 PM said:

    IBM is all in on the tech behind Bitcoin

    Expect IBM’s chief executive to announce a string of initiatives that underscore its backing of blockchain, the technology behind the on-again, off-again digital currency, Bitcoin. IBM has friends in the game; two of its customers, the London Stock Exchange and Japan exchange are looking at how to integrate the technology.

    http://www.wsj.com/articles/ibm-bets-on-bitcoin-ledger-1455598864
    (Wall Street Journal)

    Hope Hetico RN MHA
    http://www.CertifiedMedicalPlanner.org

    LikeLike
25. Ketchum, on May 4, 2016 at 2:24 PM said:

    Finally ID’d

    Australian entrepreneur Craig Wright has publicly identified himself as Bitcoin creator Satoshi Nakamoto.

    http://www.msn.com/en-us/money/news/bitcoin-creator-reveals-identity/ar-BBsvLnq?li=BBnb7Kz&ocid=U348DHP

    Ketchum

    LikeLike
26. Ladke, on May 31, 2016 at 5:47 PM said:

    BITCOIN

    On Dec. 14, 2013, speculators jacked the price up to a dizzying $1,150. Eighteen days later, it fell by more than half. Today Bitcoin goes for $453.

    Ladke

    LikeLike
27. Emile, on July 15, 2016 at 11:49 PM said:

    New digital currency sees 2,000% price rise in a week

    Suddenly the world’s 3rd-most-popular digital currency, Steem is raising scam alerts for some observers.

    http://www.msn.com/en-us/money/markets/new-digital-currency-sees-2000percent-price-rise-in-a-week/ar-BBunPCQ?li=BBnbfcN&ocid=U348DHP

    Emile

    LikeLike
28. Fared, on March 13, 2017 at 12:34 PM said:

    ETF?

    A Bitcoin ETF filing was just declined by the SEC; as an unregulated market-place.

    Fared

    LikeLike
29. Morton, on May 20, 2017 at 10:07 AM said:

    CyberAttacks

    In the past week, two globe-spanning cyberattacks caught the world’s attention: the WannaCry worm and its stealthier cousin, Adylkuzz.

    https://www.technologyreview.com/s/607872/the-wannacrypt-ransomware-attack-couldve-been-a-lot-worse/?utm_source=MIT+Technology+Review&utm_campaign=d54230ae96-Weekend_Reads&utm_medium=email&utm_term=0_997ed6f472-d54230ae96-154253973&mc_cid=d54230ae96&mc_eid=72aee829ad

    These two pieces of malware shared more than just code: they each were designed as ways for cybercriminals to get their hands on cryptocurrency.

    As this troll through MIT Technology Review’s archive shows, though, the world of cryptocurrency is about more than cybercrime. And Bitcoin, the most famous form of digital money, is just the beginning.

    MIT Technology Review

    LikeLike
30. Preston, on May 25, 2017 at 11:55 PM said:

    What is a ‘Blockchain’?

    A blockchain is a public ledger of all Bitcoin transactions that have ever been executed. It is constantly growing as ‘completed’ blocks are added to it with a new set of recordings. The blocks are added to the blockchain in a linear, chronological order.

    Each node (computer connected to the Bitcoin network using a client that performs the task of validating and relaying transactions) gets a copy of the blockchain, which gets downloaded automatically upon joining the Bitcoin network.

    The blockchain has complete information about the addresses and their balances right from the genesis block to the most recently completed block.

    Read more: http://www.investopedia.com/terms/b/blockchain.asp#ixzz4i8bisqQY

    Preston

    LikeLike
31. Niles, on August 2, 2017 at 12:58 PM said:

    Bitcoin is forked (but it’s not necessarily a bad thing)

    For years, the Bitcoin community has been fighting about the best way to upgrade the cryptocurrency’s software so that it can handle more transactions.

    Now those arguments have come to a head, and Bitcoin has suddenly split in two (or “forked,” for those in the know). There’s been a lot written about what the split means for the future of the currency but the truth is … we don’t really know yet.

    https://www.technologyreview.com/s/608483/wait-bitcoin-just-did-what/?utm_source=MIT+Technology+Review&utm_campaign=453245b713-The_Download&utm_medium=email&utm_term=0_997ed6f472-453245b713-154253973

    Niles

    LikeLike
32. Editor, on January 9, 2018 at 5:15 PM said:

    Coinbase to users: Pay the tax man!

    Did you know that fresh off of a drawn-out court dispute with the Internal Revenue Service, popular cryptocurrency wallet and exchange service Coinbase is reminding users to pay their taxes on their gains this year?

    YEP – A federal court ruled in November that Coinbase must turn over account information for the nearly 14,500 users who bought, sold, sent, or received $20,000 or more between 2013 and 2015. The government said the order was needed due to the vast disparity between the number of Coinbase users and the number of U.S. citizens who have reported cryptocurrency holdings in their tax filings.

    A recent survey of Americans who have invested in Bitcoin found that more than a third do not plan on reporting their cryptocurrency gains or losses in their taxes.

    Edgar

    LikeLike
33. Dr. David E. Marcinko MBA, on June 18, 2019 at 6:11 PM said:

    Facebook Crypto?
    

    LIBRA = https://www.bing.com/videos/search?q=libra+crypto&view=detail&mid=2B3D27EE5479F16D84CC2B3D27EE5479F16D84CC&FORM=VIRE
    
    Dr. David E. Marcinko MBA

    LikeLiked by 1 person
34. Dr. David E. Marcinko MBA, on March 31, 2021 at 6:44 PM said:

    What is an NFT? Is it a cryptocurrency?

    Non-Fungible Tokens are unique, easily verifiable digital assets that can represent items such as GIFs, images, videos, music albums, and more. Anything that exists online can be purchased as an NFT, theoretically.

    An NFT is “a type of cryptographic token.” NFTs are different from cryptocurrencies because they’re not interchangeable.
    Think of Pokémon cards.

    You can trade them, but a Gastly is not the same as a holographic Charizard.
    Yet a bitcoin is indistinguishable from another bitcoin.

    Dr. David E. Marcinko MBA

    LikeLiked by 1 person
35. Ahmad, on April 20, 2021 at 8:17 PM said:

    DOGECOIN

    The cryptocurrency dogecoin began as a joke, and now it’s worth more than Ford.

    https://www.marketwatch.com/story/the-cryptocurrency-dogecoin-began-as-a-joke-and-now-its-worth-more-than-ford-11618923488?mod=home-page

    Ahmad

    LikeLiked by 1 person
36. Ellie, on May 6, 2021 at 10:43 AM said:

    The 5 Phases of the Crypto Hype Cycle
    (Beware the Big Crash)

    https://www.msn.com/en-us/money/markets/the-5-phases-of-the-crypto-hype-cycle-beware-the-big-crash/ar-BB1goDbt?li=BBnbfcL

    Ellie

    LikeLiked by 1 person
37. Kramer, on May 14, 2021 at 7:00 PM said:

    POST ELON MUSK:

    So, let’s take a look at some of the cryptos being affected by today’s crash.

    Bitcoin (CCC:BTC-USD) is falling more than 9% today.
    Ethereum (CCC:ETH-USD) is decreasing more than 9% as of this writing.
    Ripple (CCC:XRP-USD) is dropping over 5% of its value today.
    Stellar (CCC:XLM-USD) is seeing a 8% decline.
    Dogecoin (CCC:DOGE-USD) is down more than 12% today.
    
    Kramer

    LikeLiked by 1 person

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