Story One

Bitcoin breaks the magical US$100 mark

Can you believe it? I barely can and it’s my job to be optimistic about Bitcoin. Remember being at Christmas last year and having to explain to your family that, no, your magic internet money hasn’t exploded in value and made you rich? Well, since then the price of BTC has surged by 800%, taking the overall market cap to more than US$1 billion.

While it’s hard to believe the price will actually continue going up (I mean, who is paying 100 American dollars for a Bitcoin?), it’s well overdue relief for long-suffering holders who have been waiting since the to see prices above US$20 again. And sure, we all know Bitcoin’s going to take over the world, cornerstone of the new financial order, yada yada yada – but if you wanted to sell some at these astronomical prices, I don’t think anyone would blame you!

Story Two

Mt Gox’s very bad no good month

Prior to CoinJar’s arrival in the world on May 1 2013, Australian Bitcoin enthusiasts only really had one option when it came to buying BTC: Mt Gox. Originally a Magic: The Gathering trading card marketplace, the place has inadvertently become the world’s largest cryptocurrency exchange, responsible for around 70% of the world’s crypto trading.

Well, now things are starting to spice up for ol’ Goxy. First there was the news that a former business partner named Coinlab was – 5% of the entire Bitcoin market cap – for breach of contract over their planned American operations. And then came the announcement that US Homeland Security (speaking of, can’t wait for season 3 of Homeland; did Brody really plant the bomb???) had from the company’s accounts for operating as an ‘unregistered money transmitter’.

Could this spell danger for exchange numero uno? I’m not so sure. While there are always going to be ups and downs with such a transformative technology, I have a feeling that Mt Gox is going to be crypto’s leading light for years and years to come.

Overheard

Witty tweets could be used as a bitcoin-like currency. Supply is ultimately limited, and finding new ones requires increasing effort.

@, 4 May 2013

Story Three

Will the real Satoshi please stand up?

Another week, another claim that someone has unearthed the real Satoshi. This time it was an American IT philosopher (whatever that is) named Ted Nelson declaring that was the man behind the now billion dollar Bitcoin phenomenon.

While Nelson wasn’t heavy on such things as “evidence” or “proof”, I can understand the urge to discover who Bitcoin’s creator actually is. Since Nakamoto went dark in 2011, their creation has surged from strength-to-strength, now becoming an internationally recognised financial tool trading around US$30 million per day. More to the point, Satoshi could be sitting on more than – worth around US$100 million at today’s prices.

However, whether we do ever find out who Satoshi is or not – I’ve heard an Aussie by the name of Craig Wright might be a candidate – the sheer frenzy created by their anonymity suggests that Bitcoin’s future is bright.

CoinJar News

It’s our 9th birthday and you could win 99,999,999 SHIB

Looking back at what was happening when CoinJar was founded really makes you realise how far we’ve all come over the last 9 years. For one thing, Satoshi’s stash is now worth US$40 billion. CASH OUT DUDE.

But it’s not a birthday without presents and this year we’re giving away 99,999,999 SHIB to one lucky CoinJar user. All you need to do is make a trade on the CoinJar app before midnight Sunday BST/3 pm Monday AEST and you’ll go in the running to win.*

.

Happy trading (and happy birthday to us!)

*Up to the value of $4,999 AUD as per prevailing prices as at the time of distribution. One trade equals one entry. Maximum of ten entries per individual. Excludes residents of Northern Ireland.

Luke from CoinJar

CoinJar’s digital currency exchange services are operated by CoinJar Australia Pty Ltd ACN 648 570 807, a registered digital currency exchange provider with AUSTRAC.

CoinJar Card is a prepaid Mastercard issued by EML Payment Solutions Limited ABN 30 131 436 532 AFSL 404131 pursuant to license by Mastercard. CoinJar Australia Pty Ltd is an authorised representative of EML Payment Solutions Limited (AR No 1290193). We recommend you consider the and before making any decision to acquire the product. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.

Google Pay is a trademark of Google LLC. Apple Pay is a trademark of Apple Inc.

This site is protected by reCAPTCHA and the and apply.