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Second Annual Coinsbank Blockchain Cruise ‘Massive Success’

Just recently Bitcoin.com reported on the Second Annual Coinsbank Blockchain Cruise that took place this past May 25th through June 3rd. The event held on the Royal Caribbean’s Anthem of the Seas vessel was filled with a broad range of entertainment and educational resources focused on the future of cryptocurrency solutions and blockchain innovation.

Coinsbank Blockchain Cruise a Massive Success

Coinsbank Blockchain Cruise has ended and was a “massive success” according to attendees and promoters. “Memories were made, and millions of dollars in contracts were entered into and some even executed while on the ship,” explains Coinsbank. Furthermore, the conference on the sea included individuals from 19 countries and a vast array of speeches from industry leaders.

Great Presentations from Cryptocurrency and Blockchain Industry Leaders

Second Annual CoinsBank Blockchain Cruise 'Massive Success'
Christopher Burniske (center)

Over the course of three days, attendees of the Blockchain Cruise saw many exclusive presentations covering topics like digital asset investments, security, ICOs, Bitcoin’s growth and global acceptance, and many more fascinating subjects. Speakers presenting these cryptocurrency and blockchain-centric topics included Christopher Burniske (Ark Investments), Jack Tatar (GEM Research), Sathvik Vishwanath (Unocoin), Mate Tokay (Bitcoin.com), and many more industry innovators.

The third day of the Coinsbank Blockchain Cruise was a bonus day that included an exclusive presentation by Eric Larcheveque (Ledger) and intriguing panel discussion moderated by Susan Poole, featured: Marina Guryeva, Anand Rajendran (ThroughBit), Jorg Molt (The Satoshi-School), Chris Burniske and Tron Black (Overstock.com). There was a lot of networking happening throughout the event and attendees also got to visit all the gorgeous regions within the Caribbean such as Bermuda, St. Martin, Puerto Rico, and Haiti.

The Next Coinsbank Blockchain Cruise v.2.0 Announced!

In addition to the great networking experience, beautiful surroundings, and inspiring presentations the organizers of the Coinsbank Blockchain Cruise announced the next upcoming cruise launching from Shanghai, China and sailing to the historic destination of Kumamoto, Japan.

The event will take place on the Royal Second Annual Coinsbank Blockchain Cruise 'Massive Success'Caribbean vessel – Quantum of the Seas, and plans to depart late 2017! The cruise organizers hope everyone who attended the second annual cruise will be able to attend the next Coinsbank Blockchain Cruise v.2.0 alongside those who couldn’t make the Caribbean event.

“The main benefit of having this blockchain event on a cruise ship was the networking,” explains Coinsbank. “Partnerships were made, friendships were formed, and a community was shaped. Attendance at our “Sunset Viewing Parties” has become a tradition that we will carry forward to future events.”

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Who bought 105$ bitcoin in 2010, now he has 87.5 M $

One computer gamer  who is lives in London bought bitcoins in 2010 he sent totally 105 USD  for bitcoin, Now his bitcoin market value is 87.500.000 USD.  He says not will exchange bitcoins now, its will be more valuable next year because i dont have plan for it young computer gamers says.

Bitcoin is a virtual currency that isn\’t controlled by a central bank. Instead, bitcoins are created through a process called mining, in which a computer tries to solve a cryptographic problem. The total supply of bitcoins is capped, which has led to comparisons with assets like gold.

Buy bitcoin with credit and debit card click here

Bitcoin value history (comparison to US$)
Date USD : 1 BTC Notes
Jan 2009 – Mar 2010 basically none No exchanges or market, users were mainly cryptography fans who were sending bitcoins for hobby purposes representing low or no value. In March 2010, user “SmokeTooMuch” auctioned 10,000 BTC for $50 (cumulatively), but no buyer was found.[135][136]
Apr 2010 $0.003 On 25 Apr 2010, the now-defunct BitcoinMarket.com exchange is the first one that starts operating.
May 2010 less than $0.01 On 22 May 2010,[137] Laszlo Hanyecz made the first real-world transaction by buying two pizzas in Jacksonville, Florida for 10,000 BTC.[138][139][140]
July 2010 $0.08Increase In five days, the price grew 1000%, rising from $0.008 to $0.08 for 1 bitcoin.
Feb 2011 – April 2011 $1.00Increase Bitcoin takes parity with US dollar.[141]
8 July 2011 $31.00Increase top of first “bubble”, followed by the first price drop
Dec 2011 $2.00Decrease minimum after few months
Dec 2012 $13.00 slowly rising for a year
11 April 2013 $266Increase top of a price rally, during which the value was growing by 5-10% daily.
May 2013 $130Decrease basically stable, again slowly rising.
June 2013 $100Decrease in June slowly dropping to $70, but rising in July to $110
Nov 2013 $350 — $1,242Increase from October $150–$200 in November, rising to $1,242 on 29 November 2013.[142]
Dec 2013 $600 — $1,000Decrease Price crashed to $600, rebounded to $1,000, crashed again to the $500 range. Stabilized to the ~ $650–$800 range.
Jan 2014 $750 — $1,000Increase Price spiked to $1000 briefly, then settled in the $800–$900 range for the rest of the month.[143]
Feb 2014 $550 — $750Increase Price fell following the shutdown of Mt. Gox before recovering to the $600–$700 range.
Mar 2014 $450 — $700Increase Price continued to fall due to a false report regarding bitcoin ban in China [144] and uncertainty over whether the Chinese government would seek to prohibit banks from working with digital currency exchanges.[145]
Apr 2014 $340 — $530Decrease The lowest price since the 2012–2013 Cypriot financial crisis had been reached at 3:25 AM on 11 April[146]
May 2014 $440 — $630Increase The downtrend first slow down and then reverse, increasing over 30% in the last days of May.
Mar 2015 $200 — $300Decrease Price fell through to early 2015.
Early Nov 2015 $395 — $504Increase Large spike in value from 225–250 at the start of October to the 2015 record high of $504.
May–June 2016 $450 — $750Increase Large spike in value starting from $450 and reaching a maximum of $750.
July–September 2016 $600 — $630Decrease Price stabilized in the low $600 range.
October–November 2016 $600 — $780Increase As the Chinese Renminbi depreciated against the US Dollar, bitcoin rose to the upper $700s.
January 2017 $800 — $1,150Increase
5-12 January 2017 $750 — $920Decrease Price fell 30% in a week, reaching a multi-month low of $750.
2-3 March 2017 $1,290+ Increase Price broke above the November 2013 high of $1,242[147] and then traded above $1,290.[148]
April 2017 $1,210 — $1,250Decrease
May 2017 $2,000+ Increase Price reached its maximum in the history of bitcoin. Reached an all-time high of over $2,500 on the 25th. The price was as high as $2,700 or $2,800 on some US-based exchanges.
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Britain’s Largest Broker Offers Exchange-Traded Bitcoin Investments

Largest British Broker

Britain's Largest Broker Offers Exchange-Traded Bitcoin InvestmentsHargreaves Lansdown plc is a financial service company based in Bristol, a city in South West England. The company “is the UK’s number 1 ‘investment supermarket’ for private investors,” according to its website. With 876,000 clients and more than £70 billion traded, the company currently offers “more than 2,500 funds, UK, US, Canadian and European shares, ETFs, investment trusts, bonds and gilts.”

Different types of accounts are available through its investment platform, also known as the Vantage Service. They include regular brokerage accounts, tax-efficient Individual Savings Accounts (ISA) and Self-Invested Personal Pension (SIPP) accounts.

Bitcoin Investments Available

Britain's Largest Broker Offers Exchange-Traded Bitcoin InvestmentsOn Thursday, June 1, two bitcoin investments were added to Hargreaves Lansdown’s platform; Bitcoin Tracker One and Bitcoin Tracker Eur. Listed on Nasdaq Nordic in Stockholm, the former is denominated in Swedish krona (SEK) and the latter in the euro (EUR). Both are issued and managed by Stockholm-based XBT Provider AB, with Global Advisors (Jersey) Limited as the guarantor.

Both instruments are bitcoin Exchange-Traded Notes (ETNs) which are debt securities backed by the credit of the issuer. They track the price performance of bitcoin, giving investors exposure to the digital currency. However, investors do not own the bitcoin itself. Danny Cox, Head of Communications at Hargreaves Lansdown, told the Telegraph that “We have seen a handful of clients asking for the ETN.”

XBT Provider describes its products:

The certificates will provide an exposure to the performance of the digital currency bitcoin as priced in USD on the Primary Marketplaces. Holders of certificates will have exposure to both the performance of bitcoin and the fluctuations in the relevant foreign exchange rate.

The primary marketplaces listed in the ETNs’ prospectus are Okcoin, Kraken, Bitstamp, Bitfinex, Itbit, Gemini, Gdax, and Gatecoin. The foreign exchange rate risk for Bitcoin Tracker One is USD/SEK whereas it is USD/EUR for Bitcoin Tracker Eur.

While the certificates are denominated in SEK and EUR, they track the price of bitcoin in USD. “As the BTC/USD market is the most liquid bitcoin market widely available for trading, we regard it as the most suitable underlying asset in a bitcoin product,” the company explained.

Both ETNs are currently available for Hargreaves Lansdown investors with regular brokerage accounts or SIPP accounts, but not tax-advantaged ISA accounts. The brokerage firm charges £11.95 per trade to start investing in these instruments but the cost decreases with the number of trades.

Bitcoin Investment Trust No Longer Available Online

Britain's Largest Broker Offers Exchange-Traded Bitcoin InvestmentsBarry Silbert’s Bitcoin Investment Trust (GBTC) also used to be available for online trading on the Hargreaves Lansdown platform for regular brokerage accounts, but not SIPP or ISA accounts.

However, the brokerage firm has posted a notice on its website which reads: “Bitcoin Investment Trust NPV cannot currently be traded online. For further information about trading this security, or to obtain a current price, please telephone our dealers.” This restriction is likely due to the trust having applied to list and trade on the NYSE Arca exchange. Its application is now pending approval by the U.S. Securities and Exchange Commission (SEC) as a bitcoin Exchange-Traded Fund (ETF)

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Trump about Paris climate agreement: ‘We’re getting out’

President Donald Trump announced Thursday his decision to withdraw the US from the Paris climate accord, a sweeping step that fulfills a campaign promise while seriously dampening global efforts to curb global warming.

Speaking from the White House, Trump said he was open to renegotiating aspects of the agreement, which was inked under his predecessor and which all nations except two have signed onto.

Trump and Europe don't mix, and that will have lasting consequences

Trump and Europe don’t mix, and that will have lasting consequences
But he was withering in his criticism of the pact, which he cast as a humiliating defeat for American workers that unfairly advantaged foreign countries.
“At what point does America get demeaned? At what point do they start laughing at us as a country?” Trump asked during an afternoon event held in a sun-drenched Rose Garden.
“We want fair treatment,” Trump said. “We don’t want other countries and other leaders to laugh at us anymore.”
The decision amounts to a rebuttal of the worldwide effort to pressure Trump to remain a part of the agreement, which 195 nations signed onto. Foreign leaders, business executives and Trump’s own daughter, Ivanka, lobbied heavily for him to remain a part of the deal, but ultimately lost out to conservatives who claim the plan is bad for the United States.
Trump, who has governed with an “American First” policy, said Thursday he was carrying out the will of the voters who elected him to the White House.
“I was elected by the citizens of Pittsburgh,” Trump said, “not Paris.”

White House: Trump ditching Paris climate deal

White House: Trump ditching Paris climate deal 01:38

Lengthy process

In triggering the official withdrawal procedures, Trump has sparked a lengthy process that won’t conclude until November 2020 — the same month he’s up for reelection, ensuring the issue becomes a major topic of debate in the next presidential contest.
In his remarks, Trump said he was open to re-brokering US carbon reduction commitments, but cast doubt on the ability of other nations to agree to a plan that he deems fair to the United States. He said the deal placed “draconian” financial burdens on the American people.
“We’re getting out,” he said. “And we will start to renegotiate and we’ll see if there’s a better deal. If we can, great. If we can’t, that’s fine.”
Trump said his announcement would end the implementation of carbon reduction targets set under Obama, and stall all contributions to the United Nations’ Green Climate Fund, which Trump said was “costing the United States a fortune.”
“As someone who cares deeply about our environment, I cannot in good conscience support a deal which punishes the United States,” he said. “The Paris accord is very unfair at the highest level to the United States.”
The President campaigned ardently against the climate agreement last year as a candidate, vowing to “cancel” the accord. Those close to him said he was insistent upon fulfilling his promises, despite urging from some members of his own administration to remain in the agreement.
A person familiar with Trump’s thinking said the President was convinced he needed to withdraw from the pact, and there was little chance of talking him out of it.
Opponents of the move say it threatens to isolate the United States in a global effort to curb the warming of the planet, and leave an opening for countries like China to fill the leadership void.
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Republicans Slap down the IRS for Its Coinbase Bitcoin Tax Hunt

Senior Republicans in Congress have stepped into the fight involving Coinbase and the Internal Revenue Service (IRS) by issuing a strongly-worded letter questioning whether the IRS has a strong foundation for amassing the records of half a million people.

The letter [PDF] from members of the Congress is regarding an ongoing dispute between the digital wallet provider and the IRS, which has demanded that Coinbase had over the information for all its users’ accounts.

Last November, the federal agency had issued a ‘John Doe’ summons to Coinbase to provide information on unnamed and unknown taxpayer(s). It was reported that the summons was dealt to help the federal agency’s investigation into possible tax evasion by users’ of digital currencies between January 1, 2013, through to December 31, 2015.

However, while a federal judge had approved the IRS summons last December, Coinbase have remained steadfast in their opposition of the summons. In March, the company said in an announcement that they had yet to over any records. In the same month, according to the IRS, they revealed that fewer than 1,000 people were declaring their Bitcoin profits or losses in their annual tax returns.

Following the approved summons, a Coinbase user then submitted a motion to block the IRS access to users’ information. This was followed up by a new motion from two unidentified Coinbase users earlier this month in a bid to prevent the IRS from accessing user data.

In this latest development, though, it’s likely to add further fuel to Coinbase’s case as it continues to block the demand.

In the letter from Congress, it states:

The summons is estimated to affect 500,000 active Coinbase customers and would result in the production of millions of pages of associated records, many of which contain personally identifiable information.

It adds that of that figure, 90 percent of customers had engaged in less than $10,000 in cumulative, gross transactions during the time period requested.

Echoing concerns from Coinbase and its users, the letter questions whether the IRS has ‘established a reasonable basis to support the mass production of records for half a million people,’ many of which don’t appear to be undertaking the volume of transactions that requires it necessary to report to the IRS.

Based on the information before us, this summons seems overly broad, extremely burdensome, and highly intrusive to a large population of individuals.

With several questions put to the IRS, members of Congress have asked the federal agency to get back by June 7. This will no doubt put increased pressure on the agency as it works to deal with Coinbase in an attempt to get the information it wants.

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Chinese Bitcoin Exchanges Resume Withdrawals

Chinese Bitcoin Exchanges Resume Withdrawals

Chinese bitcoin exchanges have reportedly resumed bitcoin withdrawals. Customers of BTCC and Okcoin can now withdraw their coins up to certain daily limits. Huobi is also expected to follow suit shortly.

Bitcoin Withdrawals Resumed

Chinese Bitcoin Exchanges Resume WithdrawalsFollowing the inspections by the People’s Bank of China (PBOC), BTCC, Huobi, and Okcoin halted coin withdrawals in February. Almost four months later, on Wednesday May 31, at least two of them reportedly lifted their cryptocurrency withdrawal suspensions.

According to Twitter user Cnledger, BTCC’s customer service confirmed that they have resumed coin withdrawals on Wednesday. A Reddit user who claimed to have initiated a withdrawal request at the exchange said that the daily limit was 20 BTC for his account type and that his request was approved within 20 minutes.

Okcoin has also lifted its withdrawal suspension subject to certain limits, 8btc reported on Thursday. “The 24-hour withdrawal limit of the International site and OKEX is: 200 BTC, 500 LTC and 1,000 ETH,” the publication quoted the exchange’s website. “As for the Chinese site, the limit is 20 BTC (10 of which could be withdrawn to external addresses), 400 LTC (200 of which could be withdrawn to external addresses) and 1,000 ETH.” However, the exchange’s customer service told the publication:

The withdrawal feature is being tested at the moment.

At press time, Huobi has not yet announced that bitcoin withdrawals have resumed.

Bitcoin Prices and Trading Volumes Responded

Chinese Bitcoin Exchanges Resume WithdrawalsThe results of the withdrawals resuming were quickly realized at global exchanges on Wednesday. While the price of a bitcoin rose sharply worldwide, they were more bullish on BTCC and Okcoin, typically trading 10 percent higher than other exchanges.

For instance, while Bitflyer, Bitstamp, and Bitfinex had 5%, 7%, and 9% positive gains respectively on Wednesday evening, Okcoin and BTCC had a 19% and a 15% 24-hour growth. The price of litecoin on Chinese exchanges also experienced the same effect.

Global trading volumes also picked up substantially after the news spread, with BTCC and Okcoin showing higher volumes than elsewhere for the rest of the day.

Chinese Bitcoin Exchanges Resume Withdrawals

News of the withdrawals resuming came shortly after the three exchanges announced that they were adding either ETH or ETC trading to their platforms. Huobi began ETH trading on May 30 while Okcoin is starting on June 1. BTCC CEO Bobby Lee also announced a couple of days prior that his exchange will list ETC after conducting a series of Twitter polls.

The Long Wait is Over but PBOC Denies Being Responsible

Chinese Bitcoin Exchanges Resume WithdrawalsThe PBOC’s inspections of Chinese bitcoin exchanges started in January. Then in February, all three major exchanges announced that they were halting bitcoin and litecoin withdrawals, but CNY withdrawals were not affected.

A post on Huobi’s blog cites the need for a system upgrade to comply with new anti-money laundering requirements as well as foreign exchange and other financial regulations.

Although the exchanges never stated whether they were ordered by the authorities to suspend withdrawals, a leaked document reported by 8btc in April suggests that the suspension was a direct order from one of the authorities.

However, 8btc reported new findings last week that “the suspension of BTC withdrawal was not a direct order from the authority,” according to a recent letter from the PBOC. This letter was supposedly in reply to an inquiry about whether the central bank was responsible for bitcoin exchanges halting withdrawals. Cnledger also tweeted about this letter last week:

PBOC reply to BTC user: we did not ask trading platforms to suspend withdrawals. It was a decision made by themselves. The inspection has not ended.

Earlier this month, Bitcoin.com reported on the Chinese regulators preparing to issue regulatory guidelines for bitcoin trading platforms in China. The document is expected to be released sometime in June.