30 Apr '13, 11am

Should bitcoin’s price be determined by users or speculators?: It’s hard to say if a speculative market will e...

Should bitcoin’s price be determined by users or speculators?: It’s hard to say if a speculative market will e...

I was talking to a hedge fund manager I know here in London about setting up a UK based bitcoin exchange. To this end, I contacted a hedge fund servicing company (prime broker) with a large bitcoin position to get a quote on borrowing 10,000 bitcoins. The price they came back with; 250% interest on the bitcoin loan. Needless to say, the economics don’t support this. But it got me thinking. Until potential market-makers can access borrowed bitcoins at reasonable interest rates we won’t see any exchanges operating that can handle ‘market’ orders for 1,000 BTC to buy or sell ‘at the market.’ And with this we won’t have an institutional or speculative market. And without this we won’t see bitcoin gaining any measurable market share at the expense of the government-sponsored clown currencies like the US dollar, euro, pound, yen or renminbi [yuan]. So goes the speculator’s case....

Full article: http://rt.com/op-edge/bitcoin-exchange-speculative-market...

Tweets

Bitcoin Supporters Should Be Really Happy By Wh...

businessinsider.com 30 Apr '13, 9am

A few weeks ago, Bitcoin exploded to the $250 area. Then it promptly plunged to around $60. That prompted all kinds of "de...

Dan Kervick: Bitcoin’s Deflationary Weirdness: ...

nakedcapitalism.com 25 Apr '13, 8am

Yves here. Some readers questioned the discussion of Bitcoin’s deflationary qualities in a recent post, so this discussion...

LinkedIn passes 1 million users in Singapore, r...

thenextweb.com 30 Apr '13, 3am

LinkedIn, the business-focused social network, has announced that it has passed one million registered users in Singapore,...

LinkedIn passes 1 million users in Singapore, r...

thenextweb.com 30 Apr '13, 3am

LinkedIn, the business-focused social network, has announced that it has passed one million registered users in Singapore,...

One Bitcoin by the numbers: Is there still prof...

extremetech.com 30 Apr '13, 2pm

I remember when they were like a few bucks each, and that was already way ahead in time when bitcoins were getting popular...

Bitcoin

Bitcoin

coindesk.com 01 May '13, 3pm

Welcome to CoinDesk. We aim to give you the best information and insight on digital currency and the technologies that dev...

Should Bitcoin peg its price to US dollar?

Should Bitcoin peg its price to US dollar?

rt.com 26 Apr '13, 3pm

China became the second biggest economy in the world by pegging their currency to the dollar at an artificially cheap rate...

LinkedIn Reaches 1M Users In Singapore, Or 20% ...

techcrunch.com 30 Apr '13, 6am

LinkedIn has acquired one million users in Singapore, or 20 percent of its 5 million population, since the service’s launc...

Bitcoin Price: This project is helper module fo...

drupal.org 11 May '13, 11pm

This project is helper module for other modules. It fetches the current bitcoin price from bitcoincharts.com and uses Mt G...

Canada Revenue Agency zeroes in on bitcoin

business.financialpost.com 30 Apr '13, 1pm

To its many fans bitcoin is a virtual currency that exists in an alternative universe that is not controlled by government...

LinkedIn passes 1 million users in Singapore, reaching 20% of the total population by @jonrussell

LinkedIn passes 1 million users in Singapore, r...

thenextweb.com 30 Apr '13, 3am

LinkedIn, the business-focused social network, has announced that it has passed one million registered users in Singapore,...

China's state television broadcaster CCTV airs ...

jingji.cntv.cn 04 May '13, 1pm

e5ee4fe9a62b4b24b1080327faaafcb7

#LinkedIn Reaches 1 Million Users In Singapore, Nearly 20% Of Overall Population

#LinkedIn Reaches 1 Million Users In Singapore,...

socialnewsdaily.com 30 Apr '13, 1pm

Social enterprise platform LinkedIn is now serving one million users in Singapore. Based on the country’s population of 5 ...

Bitcoin

Bitcoin

bbc.co.uk 01 May '13, 2pm

The virtual currency Bitcoin is growing in popularity and some are even calling it the future of money, but how does the s...

Bitcoin's Biggest Impact Could Be Changing How ...

techcrunch.com 30 Apr '13, 5pm

PayPal is an online payments and money transfer service that allows you to send money via email, phone, text message or Sk...