Argentina’s Biggest Futures Market to Add Bitcoin

The largest futures market in Argentina, the Mercado de Termino de Rosario (called Rofex) is considering offering Bitcoin futures to its clients, according to Bloomberg. The adoption in the country, and the embracing of the new futures economy internationally, are signs of increasing awareness and growth for Bitcoin. The news follows the announcement by the Chicago Mercantile Exchange (CME) of BTC futures offerings.

The news from the CME is likely a driving force behind the substantial price increases, as the potential for mainstream adoption continues to increase.

Read more on The Cointelegraph (link)

Bitcoin Continues to Gain Acceptance from Major Retailers

As bitcoin’s price rises, the media pays more attention to it, making more people aware of its use as both an investment and a convenient way to pay for goods and services. The convenience of receiving payments within seconds, with minimal transaction fees, provides significant benefits to a business. More retailers, both physical and online, are accepting bitcoin as a form of payment from their customers.

Read more on Cryptocoin News to see the list of major retailers that accept BTC payments (link)

How to Protect Your Crypto Wallet from CryptoShuffle Trojan

Russian based cybersecurity firm Kaspersky Labs has warned owners of cryptocurrencies that their coins are not safe even in private wallets. A new trojan called CryptoShuffler is stealing coins right from under the noses of users by replacing wallet addresses on a user’s clipboard as they copy and paste wallet data for transfers. No wallet is safe because the trojan utilizes the clipboard function on computers.

The most basic way to protect yourself is to carefully compare the address you’ve inputted after copying. Carefully checking wallet addresses for every transaction should keep your funds safe.

Read more on The Cointelegraph (link)

Bitcoin Price Gains Continue with Record High Just Shy of $7,000

Bitcoin prices have continued to climb overnight, building on consecutive highs in recent days and ultimately reaching a new all-time high close to $7,000.

At 07:00 UTC, bullish bitcoin trading saw the cryptocurrency soar to a peak of $6,994.01, having opened the session at $6,750. At press time, the price of a bitcoin is $6,939, according to CoinDesk’s Bitcoin Price Index – a 2.8 percent gain for the day so far.

 As per CoinMarketCap, bitcoin is up over 20.56 percent for the last 7 days, and its market capitalization has now peaked at over $116 billion.

Read more on Coindesk (link)

Singapore Will Not Regulate Cryptocurrencies, Singapore Official Says

Recently during an interview with Bloomberg, an official of Monetary Authority of Singapore (MAS), which serves as the central bank and financial regulator of Singapore, said that MAS has no plans of regulating crypto currencies. The central bank will keep “an open mind,” though the official also stated the necessity of establishing anti-money laundering control in the future.

With “an open mind,” Singapore could be one of the most important countries for the development of Blockchain technology. It also has the potential of being the hub of Blockchain technology in the future.

Read more on The CoinTelegraph (link)

From Thailand to Malaysia: Southeast Asian Governments Embracing Blockchain Technology

“Some of Southeast Asia’s blockchain pilots have remained below the radar in Europe, the Far East and North America, there are signs that not only IT pioneers, but also policy makers and industry leaders are now getting on board – and foreseeing ways of harnessing the power of decentralized ledger-based systems.

Blockchain is still in its earliest stage of development in Southeast Asia, but – especially in Thailand – there is a true sense of belief that the technology could change the way the whole region does business.”

Read more on CryptoInsider (link)

Co-founder of Apple Wozniak Thinks Bitcoin is Better than Gold

On Sunday, October 22, 2017, the co-founder of Apple Computers shared his thoughts on cryptocurrencies and blockchain technologies at Money20/20 in Las Vegas.

“There is a certain finite amount of bitcoin that can ever exist (only 21 million bitcoins will ever be mined),” Wozniak said in explaining that the U.S. government could wind up printing more dollars for political reasons. He described the U.S. dollar as “kind of phony” in that sense, while describing Bitcoin as more “genuine and real. Gold gets mined and mined and mined,” Wozniak said. “Maybe there’s a finite amount of gold in the world, but Bitcoin is even more mathematical and regulated and nobody can change mathematics.”

Read more on Nasdaq (link)

Bitcoin's upcoming hard fork on 25th October

It looks as if Bitcoin will experience at least two more “coin-splits” soon, which (more accurately) will result in the creation of new coins. On October 25, Bitcoin Gold (Bgold) will split off from Bitcoin to create an ASIC-resistant cryptocurrency. A few weeks later, a significant group of Bitcoin companies wants to hard fork according to the SegWit2x plan as defined in the “New York Agreement” (NYA), which will probably result in yet another new coin.

Read more on Bitcoin Magazine (link)

Publisher: Bitcoin Magazine/13.10.2017/ by Aaron van Wirdum

Bitcoin is Much Better Than Fiat Says Billionaire Investor Tim Draper

At the World Knowledge Forum held in Seoul on October 17, Billionaire investor Tim Draper, who has been one of the key angel investors in the Bitcoin and cryptocurrency markets since 2014, stated that Bitcoin and other cryptocurrencies are much better than fiat currencies. In an interview with Bloomberg, Draper stated:

“I think [Bitcoin is] neither [a fraud or a bubble]. If you ask me five years from now, what I think this is [Bitcoin and cryptocurrencies] all going to look like, I think people are going to laugh when you try to use fiat currency at Starbucks. I think cryptocurrencies are much more transportable, it is much easier to use, it is a better store of value, and all of these companies that are transforming society, this is the most exciting thing that has happened in my world, even more exciting than the Internet was.”

Read more on BTCNews (link)

South Korea Prepares to Tax Bitcoin Use

As one of the biggest Bitcoin exchange markets and largest Ethereum market – each move South Korea does is worth to watch very closely.

South Korea is preparing to tax bitcoin use after the cryptocurrency’s trading volume skyrocketed past that of Kosdaq. Han Seung-hee, the commissioner of the country’s National Tax Service, told lawmakers this weekend that the issue of how to best tax cryptocurrencies is being discussed, including the areas of capital gains tax, the VAT, and gift tax.

Read more on (link)

Publisher: by Kevin Helms