South Korea’s Top Crypto Exchange Just Launched a Major Product, But is There Real Demand From Institutions?

Bithumb, South Korea’s largest Bitcoin exchange by trading volume, has launched an over-the-counter (OTC) trading platform that will allow deep-pocketed traders to exchange crypto assets off the books. In an official announcement, Bithumb Global Limited, a Hong Kong-based subsidiary of the South Korean exchange, said that it will cater services to institutional clients under the brand name Ortus. Is the Company Seeing Institutional Demand For Crypto? Since late 2017, various reports have claimed that the OTC market is significantly larger than the cryptocurrency exchange market. Last year, TABB Group estimated the OTC market of Bitcoin to be at least two

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Earlier this week a crypto exchange revealed that they are unable to access ~26,500 Bitcoin that were in their possession. That means there are 26,500 less BTC available of the 21M total created. Eventually everyone will understand scarcity.

Earlier this week a crypto exchange revealed that they are unable to access ~26,500 Bitcoin that were in their possession. That means there are 26,500 less BTC available of the 21M total created. Eventually everyone will understand scarcity. submitted by /u/Blockfolio
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Bitcoin – The Currency of the Internet

There are 152 fiat currencies that have failed due to Hyperinflation. Their average lifespan was 24.6 years and the median lifespan is 7 years. 82 of these currencies lasted less than a decade and 15 of them lasted less than 1 year.

There are 152 fiat currencies that have failed due to Hyperinflation. Their average lifespan was 24.6 years and the median lifespan is 7 years. 82 of these currencies lasted less than a decade and 15 of them lasted less than 1 year. <- this is why bitcoin was created! submitted by /u/Crevative
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Bitcoin – The Currency of the Internet

Yo uncle Sam: I wanna buy my coffee with magic internet money. Leave me alone. I don’t wanna calculate capital gains tax. There is no gain. -with love your niece

Other countries are letting small purchases without calculating capital gains tax. Other let you ignore capital gains when HODLing for over a year. Dear uncle, let's not fall behind others. Land of free ain't so much free if you make it prohibitive for me to buy my coffee with magic internet money. I didn't say anything to you when you stole half of my paycheck because I gracious. I didn't want commotion in the family, but please stop dipping into fruits of my labor. I'm so frustrated I need a beer, but guess what, I have to buy that with cocaine covered green back too.

submitted by /u/AdvocateLLC
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Bitcoin – The Currency of the Internet

The Square Cash App is Awesome! My experience buying bitcoin there vs. Coinbase

I wanted to talk about how incredible the Square Cash App is to buy Bitcoin. The major reason imo that it is much better than Coinbase is because they make it so easy to verify your identity and they take far less time to allow you to transfer Bitcoin off of their site.

Coinbase was never able to verify my identity even though I tried submitting pictures of my license on multiple occasions.

With the square app. I was verified within 24 hours and the software was far easier to use than the Coinbase system. All it asks you to do is line up the front of your license with the camera on your phone and it gives you an outline that automatically takes the picture when the software determines that it is centered perfectly. It then asks you to do the same thing for the back of your license. Finally, it asks you to take a picture of your face and it gives you an outline to do that as well but you can choose when you are centered correctly in the picture. Once that is done it tells you that it will tell you when it's ready. I messed up on the picture of my face initially so it asked me to try again. The second time they accepted my information and I was then able to withdraw to an exchange that I've been looking to add more to my holdings. That part was super easy as well. All I had to do was scan a qr code on the screen of my pc and it automatically knew the bitcoin address without me having to type it in and it initiated the transaction.

The software is great, the fees are extremely low to buy and sell. I actually made a 4 dollar profit that I was able to withdraw instantly using their instant withdraw feature for a fee of .06 cents.

I think Coinbase is in big trouble and probably Paypal as well.

I'm not shilling for them either and I own no stock in the company. I have no idea if their money sending service is good or not. But if you want to buy Bitcoin with as little hassle as possible I can't recommend this app enough.

submitted by /u/themop1
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Bitcoin – The Currency of the Internet