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Category Archive: bitcoin

value_of_bitcoin

Value of Bitcoin: the digital currency’s higher price

The value of bitcoin has grown a lot in the last period, reaching its all-time high set back in 2013.

According to the CoinDesk Bitcoin Price Index, at the moment the value of bitcoin is less than $30 below the maximum ever value of $1,165.89 reached on November 30th, 2013.

This latest rise comes after bitcoin’s longest ever period at over $1,000, and a period of average volatility during the recent few months.

Also, this high might reflect the traders and investors confidence in an industry field that has been recently affected by the Chinese central bank’s plan to restrict the Chinese bitcoin exchanges environment, with the result of several of them to temporarily stop any withdrawals of the digital currency.

 

Click here to better understand what gives Bitcoin value with an infographic.

 

Another possible news to having an influence on the value of Bitcoin is the currently SEC decision on the Winklevoss brothers’ bitcoin ETF – an event that some experts explained that traders are already pricing in a potential approval.

On March 11st we could see the approval of the first bitcoin ETF within the U.S.A. market, opening the virtual currency to a larger group of investors.

However, many experts in the industry cannot see a high propension of financial regulators to approve this move.

For more charts about the Value of Bitcoin in the past, click here.

 

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio

Europe Bitcoin report published by the EU Parliament. Read it here.

Below you can read the full Europe Bitcoin research published by the European Parliament a few days ago.

It is related to the blockchain technology and digital currencies, exploring distributed ledger use cases including digital payments, patent protection, smart contracts and online voting.

This research provides an educational point of view for EU’s legislative members, so probably we will experience a new Bitcoin regulation in the next future.

Researchers who works at the EU Parliament have studied several aspects of the distributed ledger in the past.

For example, a working group sponsored by the Parliament studied how the blockchain’s power to secure data could provide transparency during elections.

“Although blockchains are not the solution for every problem, and even if they will not revolutionize every aspect of our lives, they could have a substantial impact in many areas, and it is necessary to be prepared for the challenges and opportunities they present.”

“Europe Bitcoin” paper

The research suggests a few possible approaches for the European lawmakers, who recently approved the creation for a new task force focused on blockchain and digital currencies.

Also, the paper suggests more future explorations by saying that regulators could regulate and yield legal legitimacy to digital currencies transactions. More and more countries are regulating bitcoin and other virtual currencies during the last few monts, as you can read by clicking here.

The document’s authors explained also that this revolutionary techbology could provide many benefits to European citizens, even if it seems to be applicable only in a few cases.

“While the most idealistic and revolutionary visions of blockchain development will probably remain no more than visions, even moderate implementation of blockchain may still promote some degree of redistribution and transparency,” explained the authors in the document.

Click here to read the full Europe Bitcoin document for free.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio
glasgow_digital_currency

Glasgow digital currency: hope or reality?

Soon many cities around the world will issue their own digital currency.

According to Pavel Bains, in fact, within the next 10 years we’ll see the first city that have its own digital money and that is separates from the national fiat currency.

The Blockchain Role

This could be the right time for cities to exploit the blockchain and adop their own currency.

But for a new digital currency to be adopted quickly it needs the following characteristics, according to Bains (and we tent to agree with him):

  1. Cheap: fiat currencies are very expensive to produce, manage and distribute. Conversely, a digital currency deletes all those costs and can easily be distributed;
  2. Secure: as it is digital, cryptographic and based on pure algorithms, the chance of forgery or distrust is removed;
  3. Safe: a digital currency can be backed by other assets like gold, treasury bills, foreign exchange or equities, just like fiat money;
  4. Usable: cities such as Stockholm are going purely digital, so a digital city currency could be massively adopted quickly.

The newest Glasgow digital currency

Bains is pretty sure that the first city to adopt a digital currency will be Glasgow.

This because the Scottish city failed to benefit from the England pound and it came close to a recession back in 2015.

Also, Brexit opened a real issue for Scotland’s future with the potential loss of trades. Demand for Scotland’s products is already declining: in that year there was an 11% drop in exports compared to 2.7% for the UK and with Brexit the situation can only get worse.

But Glasgow has the right tools to adopt its own digital currency. These the major reasons according to Bains:

  1. It has the regional size and population: this could make the difference compared to smaller cities such as Dundee;
  2. It has a high record of academia, government and business working together. This unity could be great to manage a new-born digital currency
  3. Glasgow has a thriving financial base, moving to 74th in the world for financial centers and this demonstrates the city has a good base and an educated population to operationalize the new digital currency system.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio
polish_bitcoin

Polish Bitcoin regulators recognized it within the country

Polish Bitcoin regulators decided to recognize the digital currency within the country.

In fact, the country’s Central Statistical Office (GUS) revealed its decision to recognize the trading and mining of digital currencies as an official economic business in Poland.

This is the reason why from now on companies active in the Polish industry are be able to register themselves with the agency.

Businesses who are involved in cryptocurrency trade and production activities can now apply to obtain an official PKD 64.19.Z registration, the GUS explained in a press release.

This news highlights a significant step forward for industry workers in Poland where currently there isn’t an official regulation or legislation about neither bitcoin or other digital currencies.

Earlier this year the Polish Ministry of Finance released a few documents that expressed the status of legality for bitcoin and cryptocurrencies in general.

Also, in a statement published back in November, the finance ministry commented what follows:

“there is a lack of a general, legal definition of virtual currency in international, European and national law”.

This explains that digital currencies are subjected to income tax, even if they are not subject to any separate regulation according to the Polish legislation.

Polish ministry also commented:

“It should also be stressed here that their use in Poland is fully legal.”

Polish Bitcoin studies

To explore the legal and financial implications of the use of the Polish Bitcoin use, government of Poland has created a new group of blockchain and virtual currencies experts.

This Polish Bitcoin task force was established under the surveilance of the Polish Ministry of Digital Affairs, and according to thePolish government’s program titled From Paper To Digital Poland that was written by the Cabinet back in June 2016.

This task force will be responsible to prepare analyses for use by other government agencies in their legislative work and the possible chance of a Polish Bitcoin and digital currencies regulation is one of its goals and interests.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio
bitcoin_prices

Bitcoin Prices are trading above $950

Bitcoin prices are growing more than 3% since yesterday, trading above $950 for the first time in a few weeks.

The average price yesterday reached a high of $959.37 from an open of $920.24, according to the CoinDesk Bitcoin Price Index (BPI). This chart shows that the Bitcoin prices haven’t passed $950 for a month, since January 6th 2017, to be more exact.

This Bitcoin prices growth above $950 came after a few days of a almost steady trading, in which the price of bitcoin ranged between roughly $910 and $922, according to trading data.

At the moment, the Bitcoin Prices are between $950 and $970 with a medium rate of volatility.

Chinese markets have climbed about 11%, reaching a high of ¥6,629.34.

Currently the price is about ¥6,608.70 and it represents a growth of 10.7% above yesterday’s open of ¥5,961.77.

This move comes after a big news in the worldwide exchange landscape, as major bourses in China moved to add trading fees.

This is the reason why volumes moved to the remaining markets without any fees.

Anyway, experts now discuss that this trend will have a short life as those exchanges will also add fees of their own for sure in the next future.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio

Shopping with Bitcoin: read the ultimate guide

Today I want to help you to start doing shopping with Bitcoin. Thanks to this method you can buy everything you want online, saving money and time.

Also, you will be able to avoid frauds that are very common on Internet, unfortunately.

First of all, you need a cryptocurrency wallet as a safe place to store your Bitcoin. You can open it now for free here.

Bitcoin Virtual Credit Card

To stard doing shopping with Bitcoin you can easily open a bitcoin virtual credit card on our new platform called HolyTransaction Trade.

Not all the e-commerce platforms you can find online accept Bitcoin, so this is an instant and cheap way to create a virtual credit card with Bitcoin and buy everything you want from your favorite online store.

You can use a virtual credit card everywhere a Visa credit card is accepted among the payment methods.

Read more about this revolutionary method and a step-by-step guide to open yours with the lowest fees on the web.

Also, to read more about all the benefits of a bitcoin virtual credit card, click here. 

Shopping with Bitcoin on Purse and eGifter

As you can see on the HolyTransaction.com menu, you can directly open your Purse card from your HolyTransaction Wallet.

You just need to click on “Spend” and then on “Purse” or “eGifter”.

Purse is a fast way to do shopping with Bitcoin on Amazon, also saving from 5% to 15% on millions of products. To do so you just need to create an online gift card on Purse and start doing shopping.

eGifter is another way to do shopping with Bitcoin, buying from hundreds of gifts cards with your favorite digital currency. You can do it directly from our website, by depositing the bitcoins stored in your wallet on the eGifter website.

 

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio
halcash_bitcoin

Halcash Bitcoin: buy and sell with ATMs in Spain

Holytransaction Trade is a new virtual exchange to convert your Bitcoin into fiat currencies and vice versa, offered by the HolyTransaction wallet company.

You would think that Holytransaction Trade is a service that can be found anywhere on the web to sell and buy bitcoins. But it is not true, as HolyTransaction Trade allows you to do much more.

HalCash Bitcoin ATM in Spain

On HolyTransaction Trade you can convert bitcoin into fiat currencies and pick them up physically in a banking ATM.

Thanks to a partnership with HalCash, in fact, you can convert your Bitcoin into Euro and withdraw cash in every banking ATM (only banks that are members of HalCash’s network) based both in Spain and Poland with a total of more than 10,000 ATMs in Europe.

HalCash Bitcoin withdrawal process is very simple and you can do it in a few steps following the official guide provided by HolyTransaction.

Instead of typical platform, Holytransaction Trade will provide you an instant exchange as soon as the deposit is confirmed on the Bitcoin network.

Also, the newest HolyTransaction platform allows you to buy Bitcoin in Spain with Teleingreso, a fast, easy and secure payment option that allows you to buy Bitcoin through its network of more than 3000 ATM machines, 2000 post offices and 300 retail outlets.

When you select Teleingreso as online payment method, the system automatically generates a unique 9-digit transaction code. The transaction is pending until you visit any of the locations to make a payment, and then the information is instantly provided to us.

To use HolyTransaction Trade, you don’t need a wallet on HolyTransaction.com.

In fact, to use HolyTransaction Trade there is no need of registering on the platform and you can also use our exchange platform if you have a different wallet provider.

Also, the newest HolyTransaction platform allows you to create a prepaid virtual visa card with Bitcoin to buy everything you want online, as almost every e-commerce accepts VISA payments.

HolyTransaction Trade for mobile

Each service is available and works in less than 24h, and can also be done on your smartphone, using the HolyTransaction Trade app you can download on Google Play for free.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio

How to Store Bitcoin: free multicurrency wallet

If you are a newbie, maybe you are asking yourself the following question: how to store Bitcoin? Which is the safer and cheapest wallet on the web? Why should I open a multicurrency wallet?

Well, today I want to answer people who are trying to start using Bitcoin and cryptocurrencies in general.

First of all, wallet stores a private key that you need to access a bitcoin address for storing and spending your digital currencies.

Bitcoin is a distributed and revolutionary method of payment also defined as Internet of Money as it is a virtual currency without any physical attribution.

So, how to store Bitcoin? We store fiat cash in a physical wallet and Bitcoin works in a similar way, as you will need a virtual wallet.

As well as Euro or Dollar are physical and should be stored in a physical wallet, so bitcoin are virtual and shall be kept in an equally virtual wallet.

If I have to be more specific, you don’t technically store bitcoin anywhere. What you store is the secure digital key you need to have in order to access your public bitcoin addresses and execute transactions.

How to store Bitcoin in a Web wallet

HolyTransaction is a web wallet where you can store your private keys online, on a computer, and connected to the Internet, of course.

One of the main advantages of a web wallet is that you can access them from anywhere and on any device you are using.

Security and Privacy

To create your web wallet you just have to enter your email address. You don’t need to have a bank account or send your ID card, so you can set up it in just one minute.

One way to protect your wallet is encryptit it with a strong password. This will make it difficult to access to your funds.

Another method is doing a back up. To do so, you need to copy your private keys.

Also, you can use a two factor authentication code. In this case you should download a free app called “Google Authenticator” on your mobile phone and scan the QR code obtained. Then everytime you need to execute a transaction you’ll have to enter the two-factor authentication code. And, of course, this will make your wallet safer.

Multicurrency Wallet

A Multicurrency wallet is a virtual wallet where you can store different kinds of digital currencies within the same place.

If you have multiple cryptocurrencies, you typically have to manage multiple wallets for each one. This could be a time consuming task. With HolyTransaction, since it supports several digital currencies, you don’t have to manage a few wallets and you can just log into one wallet and toggle between them in one user interface, making the task much easier.

So, with just one registration and only one password to remember, you can store not only Bitcoin but also the other major cryptocurrencies such as Blackcoin, Dogecoin, Dash, TetherUS, Ethereum and Peercoin.

 

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio
change_bitcoin_euro

Change Bitcoin Euro: how to sell crypto in Europe

People who decide to invest in crypto often have to change Bitcoin Euro, but the main problem is always the same: where? which platform should I use in order to have low fees and instant conversion?

We at HolyTransaction have found a solution for these issues and we have launched HolyTransaction Trade, an instant exchange that allows you to change Bitcoin Euro in a few steps.

Through our new service you can instantly convert Bitcoin into Euro and vice versa, buying and selling your cryptocurrencies at any time.

We have a few options to do so: Bitcoin to Virtual Credit Card, Bank Transfer, and Halcash ATM ( the latest one option is available in Poland and Spain).

Or Bitcoin to EasyPay, TeleIngreso and PayNet if you live in Greece, Mexico or Spain.

Change Bitcoin Euro: step-by-step guide

By clicking on the links below you can read step-by-step guides to change your Bitcoin into Euro:

How to convert bitcoin into euro in a few steps

Bitcoin virtual credit card: how to create it

Bitcoin euro: withdraw with ATM machines

Also, if you don’t know exactly how a Bitcoin Virtual Credit Card works and which benefits it has, you can read the insightful article below to understand why you might need a virtual credit card to do shopping online.

Virtual Credit Card Bitcoin and its benefits

 

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio
virtual_credit_card_bitcoin

Virtual Credit Card Bitcoin and its benefits

What is a Virtual Credit Card Bitcoin? How to create yours? And what are its major benefits?

Read the following article to receive all the answers you need to use and open your new Virtual Credit Card Bitcoin.

Virtual Credit Card Bitcoin: definition

First of all, a Virtual Credit Card Bitcoin is a unique credit card number generated to settle a specific transaction.

Of course, it can be filled with Bitcoin, so you can convert your cryptocurrency into euro to buy everything you need online.

So, it is not physical, but just a credit card number generated electronically via web.

5 top Benefits

Virtual Credit Cards Bitcoin are available for years, but many continue to ask: why should I use them?

Here a list of Virtual Credit Card Bitcoin benefits:

  1. Security: Typically a virtual credit card number is issued for the exact amount of the transaction (the same system of a check), reducing the possibility of fraud. The specific credit card number generated becomes invalid after the transaction is complete.
  2. Control: You can easily check all spending parametres. Your Virtual Credit Card can only contain 250 EUR.
  3. Low Fees: when you create a virtual credit card the 2% from the total value will be designated to provider fees.
  4. Versatility: you can use your Virtual Credit Card on every single e-commerce, website and platform where VISA is accepted. Its is also a simple way to convert and spend your Bitcoins.
  5. Easier Creation: To create your own Virtual Credit Card Bitcoin you just need to have 18+ years and an account on EntroPay.

HolyTransaction Trade

On the web you might find several services that allow you to create your own Credit Card, but only a few of them are really effective and safe.

To receive instantly your new credit card number in minutes, to have a good support and low fees, we suggest you to test our new platform HolyTransaction Trade

HolyTransaction Trade allows you to create your Virtual Credit Card Bitcoin in a very short time with only 2% of fees.

Click here to read a simple step-by-step guide to create your not physical credit card.

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Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio