The Bitcoin whitepaper turns 9 years old today.
Satoshi Nakamoto released the Bitcoin Whitepaper nine years ago, on October 31, 2008. Happy birthday to Bitcoin!
And what a great gift Satoshi received today. Bitcoin surged to a record high above $6,400 after CME Group announced it intends to launch futures for Bitcoin in the fourth quarter of 2017. This is huge news and another step toward the development of Bitcoin as a more established asset class.
Once approved, a bitcoin ETF will come next. Institutional investors incoming!
Cryptocurrencies Market Overview - October 31, 2017
24 Hour Change
Realtime chart on my website CoinMarkets.today
7 Day Change
Month-to-Date Change
24 Hour Volume
Market Capitalization
Bitcoin daily chart
Feel free to use and share my charts, but please mention me as the author.
Realtime charts on my website CoinMarkets.today
Latest Crypto News - October 31, 2017
Bitcoin surges to record above $6,400 after CME announces launch of futures for digital currency
CME announced Tuesday it plans to launch bitcoin futures in the fourth quarter, pending regulatory review. Bitcoin rose to a record high above $6,400 Tuesday morning, according to CoinDesk, after the announcement by the world's largest futures exchange.
Read more: cnbc.com
Other sources:
- Bitcoin Breaks All Records as CME Group Announces Bitcoin Futures (Cryptovest)
- Bitcoin Hits New All-Time High as CME Group Announces Futures Trading (Cointelegraph)
- CME Group to Launch Bitcoin Futures Contract (Coindesk)
- CME to launch bitcoin futures in Q4 subject to approvals (Nasdaq)
Satoshi Nakamoto’s Brilliant White Paper Turns 9-Years Old
Bitcoin has had a phenomenal year in 2017 surpassing many expectations as the decentralized currency now commands a whopping $100B market capitalization. This Halloween marks another milestone as nine years ago today the anonymous creator of the ‘Internet of Money,’ Satoshi Nakamoto, released the Bitcoin white paper.
Read more: bitcoin.com
OKEx to Unfreeze Bitcoin Trading in China
OKEx returns limited trading and exchanging of digital assets from today. Along with Huobi, the exchanges are encouraging peer-to-peer trading.
Read more: cryptovest.com
Ron Paul Says to US Government: "Keep Your Noses Out of Bitcoin"
Two-time Republican US Presidential candidate Ron Paul thinks governments should keep their noses out of bitcoin and let competing currencies to thrive.
Read more: cryptovest.com
Vietnam's Central Bank Announces Ban on Bitcoin Payments
Vietnam's central bank is prohibiting the use of bitcoin and other cryptocurrencies in payments. According to an Oct. 30 statement, the State Bank of Vietnam said that cryptocurrencies are not a "lawful means of payment" in the country, and the "issuance, supply, use of bitcoin and other similar virtual currency as a means of payment is prohibited."
Read more: coindesk.com
One bitcoin is now worth more than five ounces of gold
Bitcoin Cash Hard Fork Plans Updated – New Difficulty Adjustment Algorithm Chosen
The Bitcoin ABC development team has announced its plans for the November 13 Hard Fork upgrade of Bitcoin Cash. The upgrade is designed to stabilize the problematic difficulty adjustment algorithm (DAA). News.Bitcoin.com talked to Bitcoin ABC lead developer Amaury Séchet and Bitprim CEO Juan Garavaglia about what to expect.
Read more: bitcoin.com
Bitcoin Cash Rally Stalls as Traders Price in Possible Fork
Bitcoin cash is trending down amid news of an upcoming technical change. After rallying more than 30 percent over the last week, with prices clocking a five-week high of $522.95 on Sunday, the bitcoin cash-US dollar (BCH/USD) exchange rate is $438 at press time, up slightly from a low of $415 yesterday.
Read more: coindesk.com
Four Weddings and a Funeral, Blockchain Style
Smart contracts have brought the Blockchain closer to real life. After the smart contract is signed, it's submitted for permanent storage as a secure record. This permanence has led to the development of a number of services that allow marriage and marriage contract on the Blockchain.
Read more: cointelegraph.com
Iran Preparing Infrastructure for Bitcoin Adoption
Iran is preparing the infrastructure for using Bitcoin, the first worldwide crypto currency, said Iran’s Deputy Minister of Information and Communication Technology, Amir Hossein Davaee.
Read more: ifpnews.com
What If Satoshi Nakamoto Sold All His Bitcoin Today?
Essentially, the mysterious nature of Satoshi Nakamoto, Bitcoin's creator, means that the entire ecosystem is sitting on a potential volcano. It lays dormant at the moment, but if the creator had the inkling, he could flood the market with one mln coins and destroy its value.
Read more: cointelegraph.com
I'm not sure that a legitimate futures market is what crypto enthusiasts really want. This would provide a very nice/easy opportunity for large institutions to short BTC...and succeed at driving the price down.
It is exactly what we don't want. This futures contract will be 'cash-settled' meaning its not a bitcoin futures contract, but a supply of synthetic dollar shorts against bitcoin as a means of controlling the price.
IF you think this is good for Bitcoin, talk to a gold and silver trader.
https://steemit.com/bitcoin/@goldgoatsnguns/bitcoin-futures-is-the-next-phase-of-attack-against-cryptos
That's exactly right. It could very well spell the end of bitcoin simply because the price will be susceptible to manipulation on an unlimited scale. They could of course, manipulate the price higher as well.
They can definitely manipulate the price higher...but I would expect shorting the crap out of it for an extended period first. Drive out all of the speculators that love to panic (which is almost all of them in crypto), bring prices down as far as they can go (which could be pretty damn low, considering the recent parabolic rise), then maybe buy back in. Maybe.
They'll manipulated it in both directions for maximal pain to the average investor. This is how they maintain control over the markets. It's criminal and the SEC will give it a pass because it does nothing to affect the supply and demand of bitcoin like an ETF would do.
And note how the ETF's have all been shot down by the SEC. The ones that will be approved will be synthetic bullshit that trade against their own BRR-- Bitcoin Reference Rate.
The ethereum boys should begin building a real crypto-futures exchange now to combat the CME Group and the U.S.
Great article and very powerful sharing of information concerning our beloved Bitcoins! Thank you so very much for it all.
Upvoted, resteemed and shared...
Namaste :)
Happy birthday BTC
9 year old child.
Happy Birthday Bitcoin!
Thanks for sharing! :)
Great article @penguinpablo ! Look forward to following your posts :)
big big happy birthday BITCOIN....
https://steemit.com/@khurshid
Happy Birthday Bitcoin
Thank you for this revolution !
Happy birthday bitcoin... New record price.... Upvoted and resteem
Bitcoin is the King !!!