BNC Newsletter   # 21

Brave New Coin's Weekly News Round Up!


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Watch What Happens When Someone Dumps Tens Of Thousands Of Bitcoin At Below-Market Rates

Recently, an individual or group put an estimated 30,000 bitcoin onto the market at a price of $300 per coin. It isn’t clear who was behind the sale, or what their motives were, but the sale meant millions of dollars in revenue for whomever pulled the trigger. Given the number of coins that were made available at the $300 mark, then below the market price, it took quite some time for purchasers to chew through them.

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Source: Tech Crunch

Counterparty and Overstock to create decentralized stock exchange

Today, in a keynote address at Inside Bitcoins Las Vegas, CEO Patrick Byrne announced a partnership with Counterparty on a project code-named Medici, a front-end and portal to the decentralized stock exchange of the Counterparty platform. Our shared goal is to build a cutting-edge stock market on top of the Bitcoin blockchain, and help Bitcoin do for Wall Street what it has already begun to do for payments.

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MerchantCoin Attempts To Incentivise Bitcoin Promotion

MerchantCoin today announced their “private pre-sale of its software in XMC Founders Block tokens that can be exchanged for bitcoin and the top 25 altcoins based on overall market cap”

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Source: BraveNewCoin

BitFury Pockets $20 Million, Adding to Big VC Inflows for Bitcoin

Thursday brought the news that bitcoin mining company BitFury has raised $20 million in new funding. That followed Tuesday’s announcements that wallet provider Blockchain had pulled in over $30 million in venture-capital seed funding, and bitcoin derivatives provider SolidX had raised $3 million.

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Source: The Wall Street Journal

Counterparty Is Pioneering Bitcoin 2.0

In a recent press release on the 4th October 2014. Counterparty revealed it is powering over two-thirds of all Bitcoin and alt-coin 2.0 startups and “ICOs” (Initial Coin Offerings). Entrepreneurs are flocking to the Counterparty platform for the free, open and secure peer-to-peer financial markets accompanied by some interesting financial instruments.

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Source BraveNewCoin

Bitcoin Sheds 36.5% In A Month

Bitcoin's price has plummeted a further 8% today to a global average of $306 USD according to the BraveNewCoin Price Index. This price decline follows another month of downward trending, having shed 36.5% in the last 30 days. Several theories have been circulating on the internet. 

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Source: BraveNewCoin

RibbitRewards Edges Closer To Release

The days are counting down to the 1st November, when is set to begin their Global Airdrop of 200,000,000 RibbitRewards™, with a Bonus Drop auction to follow. They are the first of their kind, a rewards program utilizing blockchain technology, backed by their own marketplace. The founding partners have a clear and well defined idea prior to launch, and they are set to hit the market with a bang.

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Source: BraveNewCoin

The Rise And Rise of Bitcoin

Daniel is a 35 year old computer programmer from Pittsburgh who lives a busy life. Along with balancing work, his marriage, and raising his three boys, Daniel spends much of his time actively involved in all things Bitcoin. After discovering Bitcoin in 2011, his love and obsession for the crypto-currency was born, revealing an uncharted world of new possibilities for him to explore.

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