Category Archives: News
Croatian-Based BitKonan Launches Bitcoin Trading Platform
New Croatian Bitcoin Trading Platform Enters the Market
The Bitcoin exchange and Bitcoin trading platform continues to grow. With incumbents like Mt.Gox, Tradehill, and TradeRush, is there room for another entrant? Croatian-based BitKonan thinks there is.
BitKonan is a new Bitcoin trading platform that allows speculators and Bitcoiners worldwide to trade Bitcoin for US dollars. CEO Sime Bakic encourages one and all, experienced and novice, to “Trade Bitcoins like a pro.”
Bakic entices traders with a low flat trading fee of just 0.29%. “Bitcoin speculation is going to be a very competitive industry and we are ready to compete,” said Bakic, from his headquarters in Split, Croatia.
Protecting Traders from Volatility
Bitcoin is a volatile currency. Traders at BitKonan can insulate themselves from declines in Bitcoin value with preset stop-loss orders. Traders can also preset stop limit orders to enter the market above or below the current market price in order to trade breakouts. Given the present reality of Bitcoin price movements, small or vast fortunes can be made or squandered in a Split second.
“Speculators need to be able to strike with the speed of a cobra on performance enhancing drugs” said the company. “BitKonan enables that with its lightning fast rapid order entry system.”
BitKonan is backed by the registered Croatian company RES REI J.D.O.O, Bakic has used venture capital to hire a team of programmers. These programmers have developed the trading platform in-house, including BitKonan’s API. Every aspect of BitKonan has been designed with the needs of day trader’s in mind; one of BitKonan’s co-owners has over a decade of experience trading on mainstream stock and commodity exchanges such as the CME. NYMEX and DAX. This experience has been turned to the task of delivering the best possible trading experience at BitKonan.
Details regarding BitKonan’s API can be found here. Answers to FAQs can be found here.
Bakic is very excited about the BitKonan Bitcoin trading platform and vows to “bring higher standards to Bitcoin trading.” As the Bitcoin boom continues unabated other trading platforms will certainly be established. But they will face stiff competition from the likes of Bakic; with BitKonan’s professionalism, security and ease of use setting it apart from the competition and making a real contribution to the liquidity of the global Bitcoin ecosystem.
To learn more about BitKonan, go to: http://BitKonan.com
CoinDesk Launches Bitcoin Price Index to Consolidate Exchange Spread
Bitcoin news source CoinDesk has launched a price index, intended to consolidate the prices Bitcoin is traded at across various exchanges.
The CoinDesk index represents an average of leading global Bitcoin exchanges but the formula is flexible enough to maintain only those exchange rates that conform to certain minimum criteria for price discovery and validity. Initially, those specific criteria are defined as:
(a) exchange must serve an international customer base;
(b) minimum trade size must be less than 1,500 USD or equivalent;
(c) banking transfers in or out of the exchange must be completed within seven days without special fees.
CoinDesk wrote on the occasion, “Mr. Charles Dow and Mr. Edward Jones probably felt this way at the launch of their now-famous average,” humbly comparing their new Bitcoin index to the Dow Jones Industrial Average, a stock market index originally conceived in 1896.
Here is an example of the spread between different Bitcoin exchanges.
This index has the potential to provide a single price to investors tracking the alternative currency.
CoinDesk is a news site launched in May 2013.
Top Bitcoin News Last Week: Winklevoss, TC Disrupt, Canada ATMs, Art
Bitcoin News
A roundup of the top Bitcoin news from September 9 to September 15:
Tuesday, September 10
Thursday, September 12
Saturday, September 14
Sunday, September 15
Top 10 Countdown: Most Popular Bitcoin Stories in August 2013
Here are the top 10 most popular stories On Bitcoin brought you in August 2013.
10. Google’s Android Security Team Addresses Bitcoin Vulnerability
It was discovered that a vulnerability in Android may leave users of Bitcoin mobile apps at risk, and Google addressed the concerns.
9. Canadian Startup CoinTap Sells Bitcoin Gift Cards to Help Adoption
CoinTap is the creation of Bitcoin Ventures, a Canadian virtual currency software development company that offers smart solutions for Bitcoin e-commerce.
8. Bitcoin ATM RoboCoin Kiosk Goes on Sale for $20,000
RoboCoin allows buying and selling Bitcoins from a freestanding kiosk that integrates software, bank grade hardware and security.
7. 22 Bitcoin Companies Issued Subpoena by New York Department of Financial Services
The New York State Department of Financial Services has subpoenaed 22 companies to understand the uses and implications of alternative currency Bitcoin.
6. FinCEN Gives Early Guidance on Bitcoin Regulation
The Bitcoin Foundation met with FinCEN, the crime enforcement division of the U.S. Department of the Treasury, as well as regulators and law enforcement.
5. Chatrooms, Meet Bitcoin – CoinChat Pays You to Chat Online
CoinChat is an innovative new chatroom concept, combining real-time chat with Bitcoin, letting users earn Bitcoins while they chat.
4. Legal Firm Riddell Williams Hires Bitcoin Experts to Lead Payments Practice
Two of the leading legal professionals in the Bitcoin industry have joined Seattle-based Riddell Williams to co-chair the Payments practice area.
3. Analyst Dick Bove Says Buy Bitcoin at $50, Today’s Price above $100
In a statement that seems to be either out of touch or bearish on the current Bitcoin market, banking analyst Dick Bove said he would buy Bitcoin at $50.
2. MasterCoin Proposal to Make Bitcoin More Stable and Secure
J.R. Willett has released a complete specification for building a protocol layer on top of Bitcoin called MasterCoin.
1. Bitcoin Exchange Tradehill Suspends Trading Due to Regulation Concerns
US-based Bitcoin exchange Tradehill has run into troubles, and has suspended trading “due to banking and regulatory issues.”
Thanks for reading in August!
German Artist Creates Bitcoin Art Inspired by Andy Warhol
“200 Bitcoins” Represents First Contemporary Artwork for Digital Currency
The Dollar was painted many times, by John Habele, Otis Keye, Victor Dubreuil, John F. Peto just to name a few.
William Michael Harnett painted the dollar so realistically that he was arrested for counterfeiting.
But nobody connected money and creativity so consequently like Andy Warhol. His Print “200 one dollar bills” was sold for many times its face value.
Bitcoin is a rather young currency and hasn’t experienced such an endorsement by an contemporary artist, until now. German artist Kuno Goda has been inspired by Andy Warhol’s print and the Bitcoin movement. The result is “200 Bitcoins”, selling for 199 BTC.
200 Bitcoins
Dedicated to Satoshi Nakamoto
Signed Canvas Print
One-of-a-kind
23.6 x 47.2 inch / 60 x 120 cm
Price: 199 btc (negotiable)
A banknote is a piece of paper we assign a certain value to.
So are artworks.
So are bitcoins. Minus the paper.
