Here’s the major news for right now: From Coindesk, the CEO of Bitinstant, Charlie Shrem, has been arrested in connection with Silk Road. Also from Coindesk: Russian Central bank issues a very negative comment on Bitcoin. The Gox spread has widened to between 23 and 25% the past two days. I’ll have a longer followup covering […]
A couple of readers were appropriately critical about what I had to say about MtGox in my review of available exchanges. What I wrote was: Summary: Until they suddenly become transparent and provide any reasonable explanation and solution for their current withdrawal issues, MtGox is MtVesuvius. I can certainly understand why someone would dislike that […]
Decided I’d wait and see how things develop after waking up. Stamp in still leading Huobi and BTC-e by 12-15, albeit with a large bid/ask gap. I’m interested to see how this develops. If we do make it down to 758, the way there is going to be quite different from how it would have […]
Tigerdirect now accepts Bitcoin in their online store. Their parent is Systemax, a Fortune 100 company. More bullish news.
First, news. My Google-translated understanding of this is that BTCChina found a new voucher system to use to replace the Taobao system they had previously used. That’s bullish, but not incredible. Third-party processors can still work with Bitcoin until the 31st, so the existence of this plan is not inherently bullish. What is bullish about […]
As I write this post, I have an open long position on Bitcoin that I started at 810 earlier today. When I put it up, I wrote in the note section: “Speculating on an expected return to the mean. BTC-e was oscillating 12-15 higher than Stamp when I initiated the position. I expect the gap […]