Coinbase launched the ability to buy Litecoin (LTC) from their platform. No more having to buy BTC and trading for LTC, buy it directly now!
The SEC is going to make their decision to approve or deny the Winklevoss ETF (exchange-traded fund) today.
Place your bets! Do you think they will approve, or deny?
Winklevoss’s own the Bitcoin exchange called Gemini, NASDAQ: COIN.
Good luck to them, and to bitcoin for this monumental event!
EDIT: The SEC did not approve the ETF 🙁
Today Coinbase announced they now allow instant sell bitcoins through Paypal at 3.75% sell fee. You can also instantly buy with your debit cards at a 3.75% buy fee. These are both instant. American citizens can still always buy with your verified US bank accounts for 1% buy/sell fees, with higher limits, but these usually take 4-5 days to complete.
Good news to have more options, but Coinbase, myself and many other bitcoins are begging you, please let those fees become more comparable to Bitstamp and Gemini, more affordalble!
Bitstamp with 0.5% fee and then there’s Coinbase with 1% fee, I was wondering, why is this so high? and is this fair? I love bitcoin but really for an exchange to be taking 1% on all sells and all buys is just ridiculous imo. I love you Coinbase, love you bitcoin, but this really should be updated to a more fair amount.
The Winklevoss brothers are launching Gemini but it seems they have not yet released their fee amount. I emailed them already:
Hi, i’d like to know what kind of fees will Gemini have per transaction?
Coinbase has 1%, Bitstamp 0.5%
Where will you guys be at? I’m very interested, i’d love to see something lower than 1%, that is insane imo
I love you coinbase, and love your easy to use platform, but really, why the high fees?
UPDATE (Oct 18, 2015): Gemini replied that they have only 0.25% transaction fees! 🙂
Gemeni trading platform was approved and launched in New York. Their main investors are Tyler and Cameron Winklevoss and Gemeni will be licenced to operate in 26 states (for now). Hopefully growing to every state eventually.
Check out Gemini.com
Mike Tyson is coming out with a bitcoin ATM machine this coming August 2015. The website doesn’t have much information of where it will be located or any other details, but you can subscribe to the MikeTysonBitcoin.com mailing list to get emails about updates, info of what is the dealy.
His website says:
“MIKE TYSON’S FASTEST KNOCK OUT IN THE RING WAS 30 SECONDS. THE MIKE TYSON BITCOIN ATM CAN TURN YOUR CASH INTO BITCOIN IN UNDER 20 SECONDS”
Good luck Iron Mike, I hope you can get your ATM machine out as planned! Checkout the website here.
See all details about the St. Petersburg Bitcoin Bowl at the official website: http://stpetersburgbowl.com
Ok Coin is a new bitcoin exchange that is currently trading BTC at about $20 higher than Bitstamp. They have for American and Chinese customers and have Litecoin AND Bitcoin available. Check it out!
CEO of Ebay John Donahoe talks about how the future of eBay and Paypal may be heading towards integrating bitcoin functionality into their system.
Quote from this interview:
“There is no doubt that digital currecny is going to play an important role going forward at paypal we’re going to have to integrate digitaul currencies into our wallet”
He also admits to owning bitcoins, not as an investment but to “understand how it can be used”.
See the video on CNBC here.
Here is an article written in, from a guest writer. Good to see that even real life OFFLINE shops/stores are now accepting bitcoin as payment!
First in Glendale, California: Glamour Hair Studio to Accept Bitcoin
I was passing by Broadway Street in Glendale California when I noticed “Bitcoin Accepted” sign on a window of the local business. This was the first time I ever seen a physical business accepting digital currency. It struck my interest, and I decided to walk-in to have a small interview with the owner.
In a small interview with business partners, Arch and Isabel, I asked the following questions:
Why did you deiced to accept Bitcoin?
Arch responded with a wide smile on his face:
“Fast, Cheap and Safe!!!
Fast: Transaction shows up in your account almost instantly and you know you got paid. Of course, it takes about 10 minutes for the network to verify and clear the payment. However, that’s not an issue compared to conventional payment processors’ 2-5 day timeframe.
Cheap: It’s much cheaper than conventional currency processing. You might incur a very small fee, if I’m not mistaken, that is for rewarding the miners for payment processing. Also, there is 1% charge if you like to instantly convert your BTCs to Dollars, with no volatility risk. But when you keep transactions in Bitcoins, there are no fees. And, that is a huge plus for a business.
Safe: You don’t need to trust someone for handling your money. You receive BTCs straight into your digital wallet in a matter of minutes. And, no holds, when payment processor decides to freeze your money for unexplained reasons”
Also, Isabel added:
“There is no chargebacks. In our experience, most chargebacks occurred as a fraudulent transaction by someone simply not willing to pay for the service we provided. We are respected business, and if for any reason customer is not happy and wants a refund, we will give a customer a refund. I don’t think there is a need for chargebacks”
How do you accept bitcoin? How is the payment process taking place?
Arch took his phone, entered the amount, and quickly generated Bitcoin Address in a form of the QR Code. He added
“You just scan the QR code with your smartphone and send a payment from your digital wallet to our payment address. Most wallets have a QR code scanning feature. If you don’t have it, you can download a QR scanner app to quickly generate the payment address. It’s that easy”
Do you think deflating currency is better than inflating?
Arch took a deep breath and said
“In my opinion, naturally deflating currency is better, but again, it’s too soon to say, we just need to wait and see. However, I don’t think we will have huge, irreversible problems with deflation. If it becomes an issue it can be managed to some degree, in an opposite way as the inflation is being managed”
I had a great conversation with Arch and Isabel and I share their excitement of new innovations.
Based on everyday news, it seems that Bitcoin is gaining traction and becoming more widely accepted all over the world.
By Liliana Abramovich