ASICMiner, one of the first companies to successfully deploy bitcoin ASIC mining hardware in 2013, has seen its share price double over the last month. The gains come ahead of the expected Jan 20 tapeout date for ASICMiner’s 3rd generation hardware indicated by the companies CEO in a December announcement. As multiple consumer ASIC companies prepare to ship inventory and private mining operations increase in scale, often with equal or superior hardware, meeting schedule expectations will be paramount to ASICMiner’s future. As one of the first successful ASIC producers, AM was able to maintain a significant hardware advantage through mid-2013, …

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Yesterday proved rather interesting for the digital currency markets, particularly as related to alt coins. While prices were mostly up on the day across the board, one particular dynamic stood out as noteworthy: a massive leap in LTC / USD was followed shortly thereafter by a similar climb in XBT / USD. We’ve written previously about the interaction of bitcoin and litecoin, noting that their trading indicates a strong relationship between the two (see here and here for further detail), but for litecoin to so visibly and dramatically lead trading is relatively unprecedented and largely unexpected. Bitcoin maintains a total …

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Happy Genesis Block Day to all of our readers. Today marks the five-year anniversary of the first bitcoin block ever mined, ushering in not only a new digital currency, but also the functional implementation of a potentially revolutionary value transfer technology. Over the past year, market participants have witnessed tremendous growth cycles driven by regional catalysts around the globe – from the Cypriot financial crisis in March to the Chinese exuberance over the last quarter. With increasing interest coming from institutional finance of late, it appears the most significant wave in bitcoin’s sixth year may be oriented not geographically, but …

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One week ago today, rumors began to hit the market of Chinese payment processors no longer being able to serve bitcoin exchanges. BTC China and OKCoin, the leading XBT / CNY exchanges by volume for much of the past few months, also reinstated trading fees on the same day. Those factors combined have led to reduced trading volume at those exchanges, as well as a glimpse into why bitcoin companies have attracted so much venture capital in 2013. On September 24, BTC China temporarily removed trading fees from their exchange. Bitcoin’s popularity in China ballooned dramatically shortly thereafter as other …

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This morning we launched a series of upgrades to our Market Dashboard. Your feedback has been crucial in prioritizing feature improvements and we hope you will continue to send us your thoughts at [email protected]. Additional Exchanges and Conversion Given the increasing distribution of global trading volume, the Market Dashboard now covers the four largest bitcoin exchanges including Bitstamp, Mt. Gox, BTC China and BTC-e. A 24-hour volume overview was added as well to help you stay abreast of shifting market liquidity. We’re in the process of adding even more exchanges – let us know what you’d like to see by …

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The impact of Chinese enthusiasm for bitcoin in recent months has been felt by effectively all market participants. Since the beginning of October, bitcoin’s exchange rate has climbed roughly 950% vs most government fiat, largely driven by CNY markets. Equally as interesting are the aggregate habits of Chinese market participants visible via a number of non-traditional sources and the signals those metrics may send. Daily XBT/CNY trading volume in China has climbed from approximately 10K XBT per day in early October to more than 150K per day more recently. The drivers of that volume is likely a mix of general …

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As bitcoin continues to climb to record highs, reaching as high as $1,141 on Bitstamp, it is joined in growth by a number of alternative digital currencies. The most visible has been litecoin, which has returned to what might be considered a normal trading range relative to bitcoin. Litecoin is not alone in its gains, with others like Peercoin and Namecoin making similar gains. The rise of litecoin has made numerous headlines over the past week, surprising many with its meteoric gains and crossing of one billion dollars of market capitalization. Yet, the dynamics in which it is actually traded …

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This morning, US-based Coinsetter launched their much-anticipated bitcoin trading platform. The company was one of the first in the space to raise venture capital, closing a $500K round in April co-led by Barry Silbert’s Bitcoin Opportunity Fund and Tribeca Venture Partners. As an exchange looking to serve both US and international clients, Coinsetter is taking a unique approach to navigating the regulatory landscape and offering deep liquidity for its customers. The company was founded by Jaron Lukasiewicz, previously an Associate at The CapStreet Group, a private equity firm in Houston, Texas. Coinsetter was initially focused on offering margin trading and …

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Today itBit, a global bitcoin exchange, announced their official launch as well as the completion of their second round of funding. The company raised a total of $5.5M, with the most recent round closed over the last month for $3.25M. itBit is opening trading today for non-US institutional and retail traders, as well as some US institutional traders. The exchange is headed by Rich Teo, who previously worked as a Senior Analyst at Cedar Hill Capital Partners and Citigroup as an M&A analyst before that. itBit has offices in Singapore, Shanghai and New York, and is looking to serve the …

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The recent climb in bitcoin’s exchange rate has driven heavy attention from media and investors. As the second time this has occurred at such scale in 2013 alone, the broader conversation has made a subtle but important shift from simply trying to understand what bitcoin is and where it came from, to what is happening in the space and what the future might hold. Recent growth has been driven not just by speculators, but also entrepreneurs, venture capitalists and bitcoin users that have contributed to remarkable change in the digital currency economy since the last time these types of exchange …

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