OK, this is MIND BLOWING!!!
It’s coming, like a runaway freight train going downhill. Bitcoin and Blockchain may be going in opposite directions though.
Banks and financial institutions will hate it, but it will also put con artists and their ilk out of business.
It’s the future, but could it be the future of online poker? Better yet, could it be the future for brick and mortar casinos to expand online? Who will be there first.
George Frey corners the Bitcoin market!
FYI, it’s not a real Bitcoin, which is really only a commodity.
A Bitcoin isn’t a physical object, so what exactly are we looking at in Frey’s photographs? They’re called Casascius Bitcoins, and they were minted, in a variety of metals, by software engineer Mike Caldwell at his home in Sandy, Utah.
The Winklevoss twins.
Gemini is the cryptocurrency exchange founded by the Winklevoss twins through Winklevos Capital Management LLC.
In 2013, the company of the Winklevoss twins, Cameron and Tyler, Winklevoss Capital Management LLC, launched the first proposed bitcoin ETF, the Winklevoss Investment Trust, looking to trade on the HFT-dominated BATS exchange.
Bitcoin price crashes after SEC rejects the Winklevoss Twins’ ETF!
Right, it’s a commodity, so be careful how much you use Bitcoin as a place to stash your poker winnings, they could easily turn into losses. Failing to get ETF approval will simply keep Bitcoin extremely volatile. As much as 95% of all Bitcoin transactions are carried out in China.
It’s hard to settle on one price each day. Because it’s a relatively thinly traded market, and that is compounded by the fact that cryptocurrencies are traded 24/7, exchanges all over the globe vary widely when it comes to how much a single bitcoin is worth, with exchanges in China, where volumes are highest, typically showing higher prices. Gemini has daily 10-minute BTC/USD auctions at 4pm Eastern Time every day, don’t be late. The auction feature could be especially appealing to traders buying or selling large quantities of Bitcoin who typically can’t place such big orders on exchanges without moving the price. One can only store Bitcoin in a computer wallet via a computer code. One of the most interesting things about Bitcoin is the blockchain technology that records a chain of ownership. The currency in itself is generated through a computer software known by the same name, which ‘mines’ a certain value of this digital currency, transfers it directly among users and maintains records on a distributed ledger powered by blockchain technology. The global circulation of Bitcoins are estimated to be worth $24 billion (roughly about 16 million units).