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After the US SEC (Securities and Exchanges Commission) announced that it’s starting an investigation, the stock value of Longfin (fintech firm) has dropped below 30%.

According to a report, on 2nd April, Longfin divulged the investigation in a public 10-K filing to the Securities and Exchanges Commission. Longfin is among the NASDAQ-listed fintech companies and its market cap shot-up above 1,000 percent in last December, within only 2-days.

finetech companies

Investigation By SEC

On 5th March, Longfin was informed by the Division of Enforcement of SEC that they will be investigating transactions in the company’s shares and also demanded the documents related to its IPO and acquisition of Ziddu.com. Ziddu.com is a firm that focuses on smart contracts and micro-lending via blockchain technology.

In the 10-K filing, Longfin showed that its aim is to cooperate with the SEC investigations. The document says:

“We are in the process of responding to this document request and will cooperate with the SEC in connection with its investigation. While the SEC is trying to determine whether there have been any violations of the federal securities laws, the investigation does not mean that the SEC has concluded that anyone has violated the law.”

What does Venkat Meenavalli have to say about it?

CEO of Longfin, Venkat Meenavalli also acknowledged this gigantic spike in stock value last December, as he stated:

“This market cap is not justified. I valued my IPO pricing at $5.” He also added:

“We are a profitable company… We have nothing to do with this euphoric mania.”

The stock value plunged really quick after an adverse tweet was posted by a well-known short-seller, Andrew Left’s Citron Research and news that the FTSE Russell was considering to eradicate Longfin from its benchmark Russell indexes due to inadequate free-floating shares.

As for the negative view of Citron, Meenavalli said:

“We are going to take legal action after we file the 10-K” and added, “The company is a profitable company, making revenue.”

Also, at the beginning of this year, the SEC reported that it’s going to start an investigation on companies that are using public enthusiasm and blockchain technology to deploy their stock prices.

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How to Buy Bitcoin with Bank Account/Transfer?

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How to Buy Bitcoin with Bank Account

Are you looking to buy bitcoin via bank transfer? Here is a list of companies that let you buy the cryptocurrency through these methods.

There are generally two transfer types – SEPA (Single Euro Payment Area) and ACH (Automated Clearinghouse).

As obvious from the names, SEPA transfer mode is for those living in European countries, while ACH is only for the US citizens.

The list of companies that provide these transfer options includes:

  • Coinbase
  • BitPanda
  • GDAX
  • CEX.io
  • Gemini

Coinbase:

The largest Bitcoin broker in the world. The US citizens can buy bitcoins with a connected bank account via ACH bank transfer. On the other hand, those living in Europe are required to connect their bank accounts via SEPA transfer.

The coin delivery time of tow SEPA and ACH slightly differs from each other. ACH transfer takes 5 days while SEPA only 2 days to deliver the coins.

Coinbase charges a flat fee of 1.49% on all transactions.

Pros of Going to Coinbase To Buy Coins:

  • High buying limits
  • High liquidity
  • Ease to understand process
  • “Instant buy” option for credit/debit card users

Cons of Using Coinbase:

  • Slow delivery. May take up to 5 days to complete
  • Low privacy as it may track the record of bitcoin transactions you make

BitPanda:

BitPanda only accepts Online, SEPA and SOFORT bank transfer. BitPanda is named amongst the most trustworthy bitcoin brokers and charge lower fees from credit/debit card users.

A downside of BitPanda is that the service charges are included in the bitcoin buying price and not mentioned on the site.

GDAX:

GDAX offers ACH transfer for US residents and SEPA for those living in EU and UK. It is one of the cheapest Bitcoin brokers out there and sometimes charges zero fees from Bitcoin buyers.

However, there are a couple of downsides of using GDAX, such as poor interface and closure of account in case the bitcoins are transferred to a legally suspicious site.

CEX.io:

Similar to GADX, CEX also provides its US users with ACH transfer option while those living in Europe and the UK the SEPA transfer.

CEX.io Pros:

  • Available in several countries
  • The trading fee is extremely low. 0.2% to be precise
  • Trustworthy bitcoins broker

CEX.io Cons:

  • The verification process requires you to provide personal information, along with a photo. The whole process may take a while to complete.
  • Lacks liquidity

Gemini:

Available only in the US. The citizens can buy coins through ACH transfer.

Pros of Gemini:

  • Trusted brokers
  • Through instant deposit, you can quickly buy the coins
  • Lower fees

Cons of Using Gemini Services:

  • Not available in all 50 states in the US
  • Somewhat confusing to new users

These are some top Bitcoin exchanges for the US and European citizens. The list doesn’t end there. There are many more trusted brokers such as Coinfloor, Bittylicious, Confinity, etc.

Before making the purchase, dig more about these brokers and choose one that perfectly matches your requirements.

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Why Bitcoin Rose More than $1000 in the Last Two Months

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Summary

Bitcoin has become the world’s most popular digital currency, which had driven its value to incredible new heights. Here we have outlined a few reasons as to what lead the cryptocurrency to these altitudes.

Despicable Performance:

2017 has turned out to be quite a year for Bitcoin. The network recently went through a fork situation and came back with a bang. Bitcoin discussions seem to have taken over every town now, with everyone from Economist to Forbes covering it on a daily basis. Can we just remember that the year isn’t even over yet and Bitcoin has already made so many major stories!

Generally, Bitcoin is gradually climbing up and there have been predictions for even higher marks in the future. Ever wonder how something that was initially linked to the darknet could possibly change the future of transactions and payment systems?

Bitcoin has been in the industry for around 10 years, and just like everything else it started from the bottom and gradually rose to popularity. Starting off with a gradual increase from 2012 all the way through 2016, following a much more dramatic gush that is still continuing right now. What seems to play a role all these years, is longevity.

An overview of bitcoin’s price trend was shown in a tweet made by a cryptocurrency researcher known as “Jack Sparrow”.

Bitcoin was created in 2009 and it took around 7 years for it to reach a $2000 mark. Although, that same increase from $2000 to $4000 took just a little over 3 months.

Related:

Bitcoin hitting $3260 two weeks after split

Bitcoin Sky-rockets above $4000 

Growing Confidence:

The reason behind these high notes is the bitcoin investment trusts of various major institutions. Firms like Goldman Sachs, Fidelity Investments, and J.P. Morgan are now doing business with digital currencies. Countries like Japan, China, and Australia have legalized the use of the cryptocurrencies in their economy as well and that has been known to drive the digital currency to great new heights.

Due to the support shown by large organizations, smaller businesses along with individual financial investors have gained confidence in the cryptocurrency.

Moreover, the growing popularity of bitcoin has led to several institutions in the financial, as well as educational sectors to utilize the blockchain network for their own benefits. This, in turn, has given the cryptocurrency a boost as well.

We are not sure yet if we’re floating towards a future that is completely digitalized but, we do know that Bitcoin has several hurdles to overcome before it can completely alter our community. Nonetheless, these digital currencies are definitely on the rise.

 

Story Credits: futurism.com

Image Credits: bitnovosti.com

 

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Selling of bitcoin

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Bitcoin selling is not that much simple as you buying bitcoin. But we are here to guide you to cash out your digital currency. When you are mentally prepared to sell your bitcoin, you have two options in front of you selling bitcoin online and selling bitcoin in person. You have to decide that which option you are going to choose because both options have advantages and disadvantages. Here we will discuss both options to clear your difficulty.

Online selling bitcoin

This is the most common option of trading your bitcoin. Which include the three ways of selling your bitcoins.

  1. Direct trade
  2. Exchange trade
  3. Peer to peer trading marketplaces

 

Direct trade

and then put an offer of sale. Sites alert you when a buyer will available and you can contact the buyer by using a website to complete your trade. Bitbargain and bootylicious are quite different so you have some patience.

Exchange trade

In this way, you also have to verify yourself. You may not be going to trade with an individual but with an exchange. Where exchanges act intermediary who keeps’s everyone’s funds. You just need to place a sell order, amount and type of currency you want to sell, and per unit price you want to sell. As soon as buy order places, an exchange will complete the transaction and your desired currency will be credited to your account. The downside is if you are selling bitcoin for fiat currencies, you have to withdraw those funds to the bank. These are some difficulties you can face in future If you’ll make the wrong decision with bitcoins. So be careful while you are purchasing or selling the bitcoin. Circle, Kraken, and Bitstamp are some examples of crypto to fiat currency.

On the other side, you can use the currency directly in shops where bitcoin directly use or a bitcoin shop rarely accept lite coin and dogecoin. that’s the rare case if someone wants to use pure currency exchange to change bitcoin for another currency.

For exchange, BTC e-charges a flat 0.2%. but on the other hand, you must store on exchange for your future.

Selling of bitcoin

  • Peer-to-peer trading

Trading in which site like brawler and purse combine the two or more groups of people to competes for their specific issues. In this process, the first group combines the group of people who wants to buy goods from sites which don’t accept digital currency directly. They want to be able to use bitcoin. And in second, there is that type of people who buy bitcoin with a credit or debit card. The marketplace combines the people of same requirements.

  1. Emi place her amazon wish list on marketplace
  2. Hash want to buy bitcoin by using his credit/debit card on the same rate place by Emi. So, he’ll accept the trade by using marketplace platform. And things were delivered to Emily’s place.
  3. Once the good delivered, hash’s bitcoin are released and arrive in his wallet.

In this system, hash pays an amount for service but easily able to attain bitcoin via bank card.

Withdrawing from your own funds

The worldwide way of moving money is international wire transfer. Most of the online bitcoin markets use this way also. But for the ease of the people, another way of transferring your money is single European payment areas. This SEPA was created to make international transfer between the member if European union more efficiently. e-support these payments.

Transfer take a long time and heavy charges of services. If you are going to open an account for this purpose you’ll face heavy refusal from banks. HSBC directly refused this guide accounts for bitcoin trading.

Your identification is necessary

Your identification is must when you are going to buying or selling the bitcoin. While you going to buy a bitcoin, there will be a small process of your identification but when you are going to sell your bitcoin, you must face different difficulties. So, while buying the bitcoin, you must complete your identification process. When you first enter, the site makes your identification clear by uploading at least two utility bills, your pic, id card to make your selling process easier.

When you are going to sell your bitcoins, you have to be aware of several things,

  1. You can use mobile phone application for the calculation of the rates.
  2. Worldwide meetup of bitcoins is existing. Where people easily trade the bitcoin and cryptocurrencies.
  3. Many use the same price as prominent bitcoin exchange or bitcoin desk.
  4. For the sake to cover costs, some seller applies the percentage on the top of the rate.
  5. Prices vary from country to country, so it will help you in local fluctuations.
  6. Keep yourself safe, so create your meeting in public places.
  7. There is a site, where you are can easily advertise yourself as a bitcoin seller.

Good luck

 

 

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New Method makes me $140 USD in BITCOIN in two minutes at BURSTCASINO.com

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Ways to Earn Bitcoins 2017 – Earn Bitcoins in 8 Different ways

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Do you ever wonder where you can get free bitcoins from? Let’s make this clear, you cannot become rich overnight, everything requires dedication and hard work.

Here is how you can earn bitcoins in 8 different ways:

  1. Accepting them as a means of payment
  2. By completing tasks on websites
  3. From interest payments
  4. By mining
  5. By receiving tips
  6. Through trading
  7. A regular source of income
  8. Gambling

Earn Bitcoins by Accepting Them as a Payment:

It is so easy and quick to earn bitcoins by selling goods and services. All you have to do is enlist your shop or business and let the bitcoins roll in as buyers start appearing. Just follow these simple steps:

  • Get a free online Bitcoin wallet from Coinbase. Be sure to keep an eye on your bitcoins frequently to avoid any hacking issues.
  • QR code should be displayed with your bitcoin wallet address next to your cash register.
  • The entrance of shop should display the “Bitcoin accepted here” logo.

Earn Free Bitcoins By Completing Tasks on Websites:

Another way to get bitcoins is visiting bitcoin-related sites and carrying out small tasks on the web. These tasks include watching a video or an ad, playing a game or taking a survey. Here is a list of some of the sites that offer bitcoins for free:

  • BitVisitor: Requires you to log onto websites and watch videos. Each page appears for five minutes and then you proceed to the next. Fortunately, the payment procedure completes within an hour and you don’t even need to create a user account, just your Bitcoin address. Though, the number of bitcoins you earn may vary.
  • CoinWorker: Let’s you earn bitcoins by completing tasks. You must create an account here. Also, payouts are usually higher on here than most sites.
  • Bitfortip: Answer questions on forums and earn bitcoins. This service is a benefit for both newbie and experienced users of Bitcoin as it brings people together. Newbies can ask their questions and the experienced can answer them while receiving rewards in Bitcoin.

These are not methods to make you rich in a day, but ways to make you more familiar with the currency.

Earn Bitcoins From Interest Payments:

You can earn bitcoins through interest payments by lending your Bitcoin assets. It is a good way to make bitcoins from what you already have.

  • Lending directly: This when you lend out your bitcoins to someone you personally know and have assessed. You get to decide whether the borrower is trustworthy or not.
  • Peer-to-peer bitcoin lending websites: Sites such as Bitbond have listings of borrowers publishing funding requests to which you can contribute to their loan. The concept behind this is the same as for fiat currency loans. The borrower gets a certain amount over a specific period of time and repays the amount with interest. However, make sure that both the site and borrower are trustworthy.
  • Bitcoin banking: Place your bitcoins as a deposit with a site that pays you a fixed interest rate on these deposits. The good thing is you don’t need to diversify your bitcoins over many borrowers. In this banking model, you just need to trust one single browser, which is the bank.

Remember, always lend through sites you trust, because even fraudulent sites comply with the usual requirements that are present on legit sites.

Earn Bitcoins by Mining:

Mining is a process which generates new bitcoins. During mining, your computer adds new confirmed transactions to the blockchain and searches for new blocks. A block is a file that has the most recent Bitcoin transactions recorded in it when a new block is discovered, you receive a certain number of bitcoins. However, if you want to earn bitcoin by mining, know that it’s a time-consuming and costly process.

Earn Bitcoins by Receiving Tips:

One of the best ways to earn Bitcoin fast. It is pretty much like accepting Bitcoin as a means of payment. All you need is a wallet, a QR-code with your Bitcoin address on it and the people who can give you a tip. A simpler option for this would be your own shop. Simply display the QR-code and check each day what came in. Another cool way to get online tips is using Bitfortip which we have already mentioned above. This service allows you to get tipped in bitcoin as the name already says.

Earn Bitcoins Through Trading:

Arbitrage is the safest and most convenient way to make money with trading. Basically, this means that you buy an asset for a certain price and sell it immediately for a much higher price at another destination. Price differences between exchanges often occur for certain reasons.

The other way to earn Bitcoins from trading is simple speculation. In this case, you would buy bitcoins, wait until the price increases, then sell it for a fiat currency. When the price drops again, you buy more bitcoins and start all over again.

Earn Bitcoins as a Regular Income:

There aren’t many organizations that would be ready to pay you in bitcoins, but there are some and maybe there will be more acceptance towards this in the future. Apart from being employed by some company, you have the option of working from home for others as well. Here are some sites offering jobs and where you can post a job yourself. It is a very convenient way of working and many jobs can be completed from home.

  • Bitcointalk Forum Services Section-  Offers job listings that are paid in Bitcoins.
  • Jobs 4 Bitcoins- Has a focus on job offers for programmers on reddit.
  • BitGigs- Online job board with a variety of job offers. Do give it a look.
  • Coinality- Has a different approach, it locates the jobs around you by displaying them on a map. It comes in very handy if you are interested in locating a job somewhere near you.
  • XBTFreelancer- Another job site for gigs that are mostly software based. If you have programming or other IT related skills it is the place for you to earn Bitcoins with your expertise.
  • bitWAGE- Lets you find jobs that pay in bitcoin. It also lets you invoice your USA, EU, or UK employer or client in different currencies including bitcoin. This means that you can earn bitcoins from your regular job.

Earn Bitcoins From Gambling:

Online bitcoin gambling can come in a variety of forms. Casino games with live dealers and video slots, dice sites, sports betting, and poker are the most popular forms of bitcoin gambling currently available. Many casinos offer welcome bonuses for new and existing players, usually doubling your first bitcoin deposit on their site.

There are many sites available for bitcoin gambling, each with their own games, bonuses, jackpots, and prizes such as Bitcoin Casinos, Bitcoin Poker, Bitcoin Dice etc.

As you can see, cryptocurrencies are now demanded by everyone. While you do have to invest a certain amount of time to get rewarded, it is still a learning experience for those new to the digital currency community.

Those who want to just skip all these steps, simply want to buy Bitcoin and are wondering where to buy bitcoin, CoinBase, CoinMama, and CoinPanda are some of the most reliable exchanges to buy Bitcoin. Good luck with the purchase!

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