Video: ‘Bitcoin will become the new gold’

  • Mr Matonis said that while human nature meant many remained sceptical about trusting Bitcoin because it was not backed by government, the new currency would endure. “
  • “Half of the world’s population is unbanked,” said Mr Matonis. “
  • “In five short years Bitcoin has issued 12m units valued at $6bn,” said Mr Matonis.
  • “No other virtual currency has ever done that in the history of modern economics.
  • The Bitcoin Foundation is a lobbying group founded in 2012 that is aiming to “standardise, protect and promote” the use of bitcoin, but Mr Matonis claimed that countries such as Argentina were already adopting virtual currencies widely as trust in government declined and inflation rates increased.

Virtual currency Bitcoin is approaching a tipping point, the Institute of
Directors heard today at its annual convention
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German courts should tackle fake news now, says justice minister

  • “Facebook is earning an awful lot of money with fake news,” Maas told Bild am Sonntag.
  • Heiko Maas says people who spread hate speech and fake news on social media sites should be prosecuted
  • German judges and state prosecutors need to crack down on fake news disseminated through social media platforms immediately, Germany’s justice minister has said.
  • German courts should tackle fake news now, says justice minister
  • The issue of fake news has taken on a new urgency after warnings by German and US intelligence agencies that Russia had sought to influence elections and sway public opinion.

Heiko Maas says people who spread hate speech and fake news on social media sites should be prosecuted
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Trump’s pick for budget chief loves gold and bitcoin

  • Run-DMC founder sues Amazon.com, Wal-Mart over trademark Sponsored Reuters
  • The dollar has strengthened by a little over 5% since the US presidential election, while gold has fallen by roughly 10%.
  • Trump’s pick for budget chief loves gold and bitcoin
  • The heavy investments into gold is not surprising given past criticism by Mulvaney of the Federal Reserve.
  • Gold-mining stocks have had an up-and-down year.

The man in line to bring together President-elect Donald Trump’s federal budget is a big believer…
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Bitcoin’s total value passes $14 billion, a record high

  • Bitcoin followed up an impressive 26.3 percent gain in 2015 with a 119.8 percent gain in 2016.
  • Recent predictions that the value of Bitcoin would skyrocket as Donald Trump takes over the presidency appear to be coming true.
  • The total value of all bitcoins in circulation passed $14 billion on Thursday, as the web-based digital currency jumped 5 percent on the day to hit a record high.
  • The price of one bitcoin reached $875 on the Europe-based Bitstamp exchange, its strongest level since January 2014.
  • Bitcoin was introduced on 31 October 2008 to a cryptography mailing list, and released as open-source software in 2009.

The total value of all bitcoins in circulation passed $14 billion on Thursday, as the web-based digital currency jumped 5 percent on the day to hit a record high. The price of one bitcoin reached $875 on the Europe-based Bitstamp exchange, its strongest level since January 2014. Bitcoin followed up an impressive 26.3 percent gain in 2015 with a 119.8 percent gain in 2016.

Tech-savvy investors can buy bitcoin directly by downloading a Bitcoin Wallet app from Circle, Coinbase, Xapo or other popular services and simply linking their bank account to the app. In addition to these digital wallet apps, investors can buy shares of Bitcoin Investment Trust, which invests exclusively in bitcoin and trades on the OTC market.
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DARPA Is Looking For The Perfect Encryption App, and It’s Willing to Pay

  • During phase three, the company or companies can pursue commercialization, and receive no funds from the federal government.
  • As a security researcher put it , DARPA wants “a public wall anyone can monitor or post messages on, but only correct people can decrypt.”
  • During the first phase, according to the program’s rules, successful applicants might be awarded no more than $150,000 for one year.
  • Dan Guido, the founder of the consulting and research security firm Trail of Bits, told me, explaining that the SBIR program is “supposed to be for research and for small business, but the proposal requirements are very high and the funding amounts are very low.”
  • “When a lot of people start using the service, it might become challenging to find messages that are addressed to you, without revealing to other people who have the data what exactly you are looking for,” Jacobs said in an online chat.

The blue-sky research arm of the Pentagon wants somebody to create the ultimate encrypted messaging app for the US military.
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