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Banking On Bitcoin

Banking On Bitcoin: Cryptocurrency's Growth In The Gulf

Banking On Bitcoin: Cryptocurrency's Growth In The Gulf

Banking on bitcoin: cryptocurrency's growth in the Gulf Despite fears of a 'Bitcoin bubble', the cryptocurrency is gaining traction in the Gulf, where a handful of operators are promoting the low cost and relative security of virtual transactions. Among them are exchange houses, who are looking to bitcoin to help reverse a decline in global remittances Recent news that US billionaire and self-confessed Bitcoin sceptic Mark Cuban plans to invest in a crytocurrency fund was the latest vote of confidence in the fast-growing virtual money transfer scheme. Cuban announced he would invest in 1confirmation, a fund that plans to raise $20m to invest in companies based on the blockchain technology underpinning Bitcoin and other digital currencies. This was despite him tweeting in June that he thought Bitcoin was in a bubble that would burst and cause its trading price to plummet in the near future. He explained to Bloomberg: I have always looked at blockchain as a foundation platform from which great applications can be built. The tech investors pledge was good news for the industry, which underwent chaos of the sort only dedicated Bitcoin brains can fully understand, when the cryptocurrency split into two entities, Bitcoin and Bitcoin Cash, on August 1. The new offshoot, Bitcoin Cash, is built on a new version of blockchain technology that promises faster transactions, via an eight megabyte block versus the original Bitcoins one megabyte.This means it can charge lower fees to customers moving money via its platform. Traders were excited. Bitcoin Cash surged 40 percent in a single day on Friday August 18, to hit $655, and although it fell 20 percent the following Monday it remains up about 110 percent since its launch at the start of the month. Meanwhile, the original Bitcoin i Continue reading >>

Banking On Bitcoin. Guidedoc's Review. Jan. 27, 2018

Banking On Bitcoin. Guidedoc's Review. Jan. 27, 2018

Register or Login with your Google account. Everything seems to indicate the Bitcoin has come to stay. What began as a small liberal experiment of a tiny group of geeks to create a digital currency free of the chains of the big central banks and with which anything could be paid, nowadays is already a familiar term for the common people. But the pioneer in the cryptocurrency phenomenon has a history full of ups and downs, martyrs, ghosts, superheroes and even villains. Director Chistopher Cannuciari knows this and he put it all in his documentary "Banking On Bitcoin", a film with a narrative friendly enough to introduce the subject of cryptocurrencies to anyone who had a bad time in mathematics during high school. Of course, Cannuciari sees no reason to hide the final intention of the documentary: to provide knowledge about the cryptocurrency and break some negative myths that could slow down its growth in the world market. Contrary to the default, faceless avatar of Satoshi Nakamoto, the so-called "creator" of Bitcoin, the film exposes the protagonists who played a key role in the vertiginous birth of the digital currency and its famous blockchain technology, the structure on which the security of the metabolism of all cryptocurrencies is based. In the beginning of the film, the smiling entrepreneur and Bitcoin pioneer Charlie Shrem becomes familiar with the ankle bracelet that the authorities have put on him before definitively entering the place of his imprisonment, where he will serve a two-year sentence for facilitating a process of money laundering through Silk Road, a black market that operated on the web thanks to the use of the anonymity intrinsic to the founding principles of Bitcoin. The possibility that cryptocurrencies are used for illicit purposes is the Continue reading >>

What The Hell Is Bitcoin? Let This Documentary On Netflix Explain

What The Hell Is Bitcoin? Let This Documentary On Netflix Explain

What the Hell Is Bitcoin? Let This Documentary on Netflix Explain What the Hell Is Bitcoin? Let This Documentary on Netflix Explain Banking on Bitcoin is a helpful, critical look at cryptocurrency. Unless youve been completely avoiding the newsand in dumpster fire of America that is 2017, I cant blame youyouve probably heard of Bitcoin. You probably also have no idea what Bitcoin or the blockchain actually are. Then again, no one really seems to. Bitcoin may revolutionize the world or be the biggest financial bust since the Dutch Tulip mania . Either way, the cryptocurrency has skyrocketed in value in recent years leading to Bitcoin millionaires and such a scramble to get on the gravy train that people are even mortgaging their houses to buy Bitcoin . If youd like to learn about the strange history of Bitcoin, and its possible radical future, you should watch Banking on Bitcoin, a 2016 documentary currently streaming on Netflix . In the simplest terms, Bitcoin is a virtual currency that exists entirely online. You can send and receive bitcoins in the same way you can Venmo your roommate beer money. Its main innovation is the blockchain, a ledger of every transaction thats shared across the world in a peer-to-peer network. Because bitcoin accounts arent tied to names and transactions are encrypted (hence cryptocurrency), the money can be used anonymously. But at the same time, the decentralized blockchain allows Bitcoin to ensure the money isnt counterfeit without needing the backing of any government, banking institution, or other centralized authority. Why is this so important? Banking on Bitcoin notes that the first bitcoin was created in January of 2009, right as the global financial system was collapsing. Even now, many individuals and even countries havent fully r Continue reading >>

Is Bitcoin The New Money?

Is Bitcoin The New Money?

Leon Ho is the Founder and CEO of Lifehack, which he started in 2005 as a way to share his personal productivity hacks to make life easier. Full Bio For thousands of years, governments have been issuing currencies as an accounting system. Everything is regulated to ensure strict adherence to financial rules that keep the world in one piece. Then, in 2008, in the heat of the global financial meltdown, some guy invented and published bitcoin, and the world will never remain the same again.For thousands of years, governments have been issuing currencies as an accounting system. Everything is regulated to ensure strict adherence to financial rules that keep the world in one piece. Then, in 2008, in the heat of the global financial meltdown, some guy invented and published bitcoin, and the world will never remain the same again. Banking on bitcoin is a film about the most important invention since the internet, bitcoin. As bitcoin begin to gain relevance, many people joined in, making the value to increase astronomically. But this poses a threat to the system as fringe utopists start to crack down on some of the early adopters and their activities. The battle line has been drawn between capitalist and bitcoin optimists as their struggle will help shape and define the future of money. The financial world is unpredictable and is experiencing a total collapse. Bitcoin came and offered an option never before seen. The public accepts the coin, and there begins the future of currency. Government agencies who are afraid of what people could do with a decentralized monetary system begin to arrest cyber criminals. Just A Prediction To What Our Banking System Would Look Like In the Future Banking on bitcoin offers a deep insight into the most disruptive technology since the internet, Continue reading >>

Banking On Bitcoin: An Attorney's Big Stake In Cryptocurrency Litigation

Banking On Bitcoin: An Attorney's Big Stake In Cryptocurrency Litigation

Banking on Bitcoin: An Attorney's Big Stake in Cryptocurrency Litigation A South Florida firm is entering into largely uncharted territory, building a litigation practice around crypto-currencies such as bitcoin. By Samantha Joseph|July 05, 2017 at 11:00 PM Your article was successfully shared with the contacts you provided. David C. Silver of Silver Law Group, Coral Springs. (J. Albert Diaz) Coral Springs attorney David Silver is in uncharted territory. This content has been archived. It is available exclusively through our partner LexisNexis. To view this content, please continue to Lexis Advance. LexisNexis is now the exclusive third party online distributor of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis customers will be able to access and use ALM's content by subscribing to the LexisNexis services via Lexis Advance. This includes content from the National Law Journal, The American Lawyer, Law Technology News, The New York Law Journal and Corporate Counsel, as well as ALM's other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information. ALM's content plays a significant role in your work and research, and now through this alliance LexisNexis will bring you access to an even more comprehensive collection of legal content. For questions call 1-877-256-2472 or contact us at [email protected] Continue reading >>

Banking On Bitcoin Netflix Documentary

Banking On Bitcoin Netflix Documentary

Home / Blog /Banking on Bitcoin Netflix documentary This Netflix original documentary is a great first introduction to bitcoin. The documentary covers bitcoins roots, its possible futures and its underlying technology. The film shows the players who are defining how this technology will shape our lives. This documentary is definitely worth watching. The documentary is very understandable for newcomers. Also the documentary highlights some really interesting concerns. In particular the arrest of Shrem and Benjamin Lawskis Bitlicense. Some experts heavily criticize on these two cases, and they definitely have reason to do so! Another important topic in this documentary is the role of trusted third parties and centralized systems. The experts claim that both the financial crisis and the financial scandal of Mt Gox result from trust in third parties. The lesson we should learn is to trust the blockchain technology and eliminate trusted third parties. However, the question Who is Satoshi Nakamoto? gets too much attention in this documentary. Also, the coverage of recent developments is limited, since the film essentially stops at the end of 2015. Watch the documentary and let us know what you think Continue reading >>

Australia Banks On Bitcoin Tech To Keep Tabs On Stocks

Australia Banks On Bitcoin Tech To Keep Tabs On Stocks

Australia Banks on Bitcoin Tech to Keep Tabs on Stocks ASXs decision offers a significant foothold in mainstream finance for blockchain MELBOURNE, AustraliaAustralias main securities exchange is betting on the record-keeping technology that underpins bitcoin to process stock trading in the country. It was the latest piece of positive news for the virtual currency, which has passed milestone after milestone in recent days and recently traded at US$14,097, according to research site CoinDesk. With the rally of about 40% in the past week alone, bitcoin has now risen more than 14-fold in 2017. Copyright 2018 Dow Jones & Company , Inc. All Rights Reserved.

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  • Banking On Bitcoin: A Review

    Banking On Bitcoin: A Review

    The popularity of bitcoin is on the rise. To many, the rising value of bitcoins means that they are a great alternative investment. True, the cryptocurrency is not exactly being used by most people and there are some in the developing world who are not yet aware of bitcoins, but the global currency, which is free from any restrictions from any governments or organization, has not only become very popular, but has also exhibited the value of the blockchain digital ledger technology, which is described by the BBC as the underlying ledger system on which bitcoin is based. Bitcoins is a relatively new currency, and although a lot of the global population knows everything there is to know about it, there are others who are aware of this cryptocurrency but do not have much knowledge on how to use it. Banking On Bitcoin is a documentary that pretty much explains everything about bitcoin inside out and gives a deep insight into this phenomenon. The Banking on Bitcoin documentary explains the fundamentals of Bitcoin, where and by whom it was founded and why the creators identity still remains a mystery. It also gives some insight into the usefulness of using this cryptocurrency, considering such transactions have no fees or very low fees, and fewer risks in terms of being used online. Its clear that bitcoins are yet to be used as normal everyday paper currency, but leading brands in some industries have realized the potential for the cryptocurrency. A case in point is online gaming: some internet casinos, such as Bitcasino, have decided to trade exclusively in bitcoins. The brand also offers a VIP scheme which comes with many benefits , based on a points system. The fact that the operator doesnt have to pay fees to banks and e-wallet brands allows them to push more promotions t Continue reading >>

    Banking On Bitcoin Available On Netflix: A Good Intro To Bitcoin In Need Of A Sequel

    Banking On Bitcoin Available On Netflix: A Good Intro To Bitcoin In Need Of A Sequel

    The independent film Banking on Bitcoin , covering Bitcoin's roots, its possible futures and its underlying technology, is now on Netflix . Bitcoin is the most disruptive invention since the internet, and now an ideological battle is underway between fringe utopists and mainstream capitalism, reads the Netflix news release. The film shows the players who are defining how this technology will shape our lives. Banking on Bitcoin is a good film, professionally produced. On the hugely popular Netflix platform, the film will give many newcomers an understandable first introduction. The overall impression is that this a good historic and ideological overview of Bitcoins first development phase but its in need of a sequel. From its cypherpunk roots and days of early adoption, the film focuses on the digital currencys rocky relationship with the banks and regulatory bodies, setbacks like the fall of MtGox and the Silk Road, as well as some figures who were first through the door, like Charlie Shrem, Erik Voorhees and Gavin Andresen. At the same time, Bitcoin and crypto enthusiasts are likely to find two shortcomings: First, the film dedicates too much time to stale old news like Silk Road and BitLicense, and not enough to new developments. Second, because it was first begun in late 2013 and wrapped up in the fall of 2016, the coverage of recent developments is very limited: The film essentially stops at the end of 2015. Bitcoin Magazine reached out to the films director/writer/producer Christopher Cannucciari and associate producer Phillip Galinsky to find out more about the films background and their future plans. What is your background, and what has been your role in the film? Christopher Cannucciari: I had become interested in digital currency while I was producing a 2009 Continue reading >>

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    Watch "banking On Bitcoin" On Netflix! : Bitcoin

    Do not use URL shortening services: always submit the real link. Begging/asking for bitcoins is absolutely not allowed, no matter how badly you need the bitcoins. Only requests for donations to large, recognized charities are allowed, and only if there is good reason to believe that the person accepting bitcoins on behalf of the charity is trustworthy. News articles that do not contain the word "Bitcoin" are usually off-topic. This subreddit is not about general financial news. Submissions that are mostly about some other cryptocurrency belong elsewhere. For example, /r/CryptoCurrency is a good place to discuss all cryptocurrencies. Promotion of client software which attempts to alter the Bitcoin protocol without overwhelming consensus is not permitted. Trades should usually not be advertised here. For example, submissions like "Buying 100 BTC" or "Selling my computer for bitcoins" do not belong here. /r/Bitcoin is primarily for news and discussion. Please avoid repetition /r/bitcoin is a subreddit devoted to new information and discussion about Bitcoin and its ecosystem. New merchants are welcome to announce their services for Bitcoin, but after those have been announced they are no longer news and should not be re-posted. Aside from new merchant announcements, those interested in advertising to our audience should consider Reddit's self-serve advertising system . Do not post your Bitcoin address unless someone explicitly asks you to. Be aware that Twitter, etc. is full of impersonation. Continue reading >>

    Banking On Bitcoin On Itunes

    Banking On Bitcoin On Itunes

    This documentary covers the history and future implications of Bitcoin and other digital currencies and presents this complex topic in a manner that's easy to understand. It looks like most every major player was interviewed. I enjoyed this documentary because of its chronological storytelling interspersed with personal experiences and comparisons between the two Banking systems. It's interesting that movies like The Big Short, Margin Call and Bitcoin reveal not only the corruption of central banking and Wall Street during the 2008 crisis, but that no one went to jail as a result. I recommend this movie for prompting viewers to think about Banking, Changes and Reforms. I had some understanding of Bitcoin, but didnt know the history or trajectory, individuals involved, etc and this laid it all out. It wasnt heavy-handed one way or another, like many docs, so I liked coming to my own conclusions. The only thing I wish it had was even more information/details but it was already tightly packed as it was so Im guessing it would have been way too long. Maybe a part two in the future? Continue reading >>

    Movie Review: Banking On Bitcoin

    Movie Review: Banking On Bitcoin

    Carissa Pritchard Chief Communications Officer at Bitcoin Trader Australia Were a little late to the party on this one; Banking on Bitcoin was released on Netflix a few months back. But now youve caught up on Bloodline Season 3, youve got something to watch this weekend. Christopher Cannucciari makes his directorial debut in this documentary retelling the tale of Bitcoin through the evolution of the Cypherhackers (theyre like the Supermodels of IT to geeks). The first 4 minutes gives the best description of how Bitcoin works that Ive ever seen a global, automated ledger. Yes, youve heard that before but when you see it moving on a screen with infographics and cool images, it just makes more sense. Within the next 10 minutes youll realise you never really understood blockchain tech because now you do. But wait - at 12 minutes youll have a fresh perspective on mining (I know, you didnt think that was possible). Ok, midway it gets a little hackers banging the drum of global social change but hey, its a doco on Bitcoin and Cyperhackers are the stars. Its worth sticking with it because it kind of suggests who Satoshi actually is and certainly provides compelling evidence to reinforce the hypothesis. Conclusion: Whatever your level of Bitcoin knowledge, this doco will entertain, educate and downright inspire. Banking on Bitcoin is right about one thing: Bitcoin is the largest socioeconomic experiment the world has ever seen. Now see the doco. Continue reading >>

    Banking On Bitcoin Is The Latest Bitcoin Documentary

    Banking On Bitcoin Is The Latest Bitcoin Documentary

    Banking on Bitcoin is the latest Bitcoin documentary Luke Parker , 12 Jan 2017 - Bitcoin , Documentary Bitcoins latest full-feature documentary, Banking on Bitcoin, was recently released on Video-on-Demand services Amazon and iTunes , as well as in a limited number of theater screens. Directed and co-written by Christopher Cannucciari, the 90-minute film was produced byPeriscope Entertainment and distributed by Gravitas Ventures. The most recent movie-length documentary about the phenomenon of Bitcoin dives deeply into the cryptocurrencys roots, exploring the Cypherpunks who established the field before Satoshi Nakamoto came along. The film covers all of the early price hype, the Silk Road drama, the MtGox fallout, as well as some more recent happenings in 2015, when the mainstream banking world started turning to the technology. The central theme of the film, however, focuses on regulation and mainstream bitcoin adoption. Particular attention is given to the events surrounding the January 2014 New York Department of Financial Services hearings on bitcoin, and the then Superintendent Benjamin Lawsky. Both sides of the licensing argument are heard from several viewpoints. Nathaniel Popper, the author of the the best-selling book Digital Gold, explained in the film that A lot of companies complained that the regulations were too burdensome for them to operate in New York and still make money. Jeffrey Tucker, noted Author, speaker, and entrepreneur agreed. I just saw overnight dozens of companies that were on the verge of launching, Tucker recalled. They just threw in the towel and said we cant afford this. The creators interviewed the reclusive cryptographer David Chaum, and looked closely at Nick Szabos early work. The filmmakers also included interviews from some of th Continue reading >>

    Banking On Bitcoin Film Review

    Banking On Bitcoin Film Review

    Banking on Bitcoin, released in independent cinemas across the US on January 5, tackles the true life stories and public misconceptions surrounding the cryptocurrencys rise to prominence. Stylistically, Banking on Bitcoin feels a little bit like the 2015 movie about the financial crisis: The Big Short . There are neat graphics of some of the currencys technical underpinnings. However, it does not rely on actors to tell the story of Bitcoin. The movie draws from interviews with financial columnists from the Wall Street Journal and the New York Times; early adopting bitcoin entrepreneurs like Charlie Shrem and Eric Voorhees, and establishment figures including the Winklevoss brothers and former New York Superintendent Benjamin Lawsky. For the first half of the movie, the audience is treated to an illustrated tour through the history of the cryptographic technology. It is interesting to learn how small the group of self-styled cypher punks who contributed to the ideas that became the building blocks of Bitcoin. In the mid-90s, just a handful of people had the knowledge necessary to develop a blockchain currency. And, the movie unsurprisingly explores the theories that Satoshi Nakamoto , the unknown creator of Bitcoin, may well have been one those original cypher punks. The narrative positions Bitcoin as the only honest currency in circulation. The film contrasts the differences between centralized banking systems and the public ledger at the heart of Bitcoin that removes the need for a central authority. It highlights Bitcoins power to reduce remittance fees , serve the two and a half billion people on the planet who remain unbanked and put financial control back into the hands of the individual. Erik Voorhees, the founder of Shapeshift , communicates this sentiment in on Continue reading >>

    Banking On Bitcoin Film Released In Hopes Of Attracting Millions Of New Users

    Banking On Bitcoin Film Released In Hopes Of Attracting Millions Of New Users

    Banking on Bitcoin Film Released in Hopes of Attracting Millions of New Users The film that took three years to make, has an in-depth coverage of key players in the space including Charlie Shrem, Cameron and Tyler Winklevoss, Barry Silbert, Erik Voorhees, Nathanial Popper, Alex Winter and others. Films or series that discuss cryptocurrencies are vital to bringing about awareness and ultimately mainstream adoption, says Zach LeBeau, producer and mastermind behind both the SingularDTV decentralized entertainment platform and a soon-to-be crowdfunded Singular television series. SingularDTV is a Blockchain entertainment studio, smart contract rights management platform and video on demand portal that places intellectual property in the form of film, television and software projects onto the Ethereum Blockchain. LeBeau believes film projects are a sure way to spread the message of cryptocurrencies such as Bitcoin, a borderless, permissionless currency controlled by no government. Zach LeBeau mentions their new project, Banking on Bitcoin, a film that covers the digital currency as the most disruptive invention since the Internet: The crypto community numbers only in the thousands but there are millions of people out there who would benefit greatly from knowing more about Bitcoin, Ethereum and decentralization. Films like "Banking on Bitcoin" help to spread the word. The film, which according to its makers took three years to make, has an in-depth coverage of key players in the space including Charlie Shrem, Cameron and Tyler Winklevoss, Barry Silbert, Erik Voorhees , Nathaniel Popper, Alex Winter among others. They share their thoughts on how the revolutionary cryptocurrency technology will shape lives. The documentary was released in select theaters and VOD on Jan. 6. Othe Continue reading >>

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