OneWallet, the New Auction Site for Bitcoiners

For those still mourning the demise of early bitcoin auction sites like Bitmit, there is a new place to bid for a special deal with your cryptocurrency: OneWallet.io.
Like Internet auction giant eBay, OneWallet has both bidding auctions and direct sales from anyone who wishes to join as a retailer, with 620 product listings in categories including electronics, fashion, health and beauty, and home and garden after only two weeks of public activity.
As the name implies, OneWallet also functions as a digital wallet for users to store their bitcoins, even if they're not spending them on the site. The system automatically generates new wallets for merchant or buyer accounts, though all customers are free to use their existing external ones.
The new site is working in partnership with CoinsForTech.com, an established online electronics retailer that accepts bitcoin, dogecoin and litecoin, and has already processed over $500,000 in orders to 56 countries. It should be noted, however, that OneWallet for the moment accepts only bitcoin.
Both companies have the same founder, Lee Marburg, and are registered in Australia. Sellers are based in several countries so far, but can be anywhere, and generally ship worldwide.

Encouraging bitcoin use

Speaking to CoinDesk, Marburg said he built the site with Bitcoin Brisbane founder Lucas Cullen in their spare time over the past six months. Testing was conducted privately with select customers over the two months before the public launch.
One aim, he said, was to build a beginner-friendly bitcoin wallet and an avenue for people to actually use the digital currency to buy goods and services.
Marburg added:

"The second aim is to push bitcoin as an international trading tool. My experience with CoinsForTech has been hugely positive and I’ve got no doubts that bitcoin/digital currency has a huge role to play in the future of international B2B and B2C commerce. I am associated with some powerful suppliers and merchants who are not overly keen on accepting bitcoin."

OneWallet could entice these reluctant merchants with "a relatively hands-free option to get their feet wet" with bitcoin, he said, while also creating buyer demand for purchasing with bitcoin through low fees and an easy-to-use platform.
The company charges merchants 2% of the final price for every successful listing.

Building in features

Buyers on OneWallet are also protected when purchasing from any merchant with the 'BusinessVerified' badge next to its name. The company investigates any claim pertaining to a purchase from a verified seller and refunds the USD value of the purchase if the claim is successful.

Read more:
http://www.coindesk.com/meet-onewallet-new-auction-site-bitcoiners/

Bitcoin’s Price Still Headed to $10k

Despite continued interest from major payments companies and thought leaders, the price of bitcoin has declined in recent weeks, as optimism surrounding New York’s proposed bitcoin regulation gave way to backlash and the market grappled with the widespread use of new and more complex financial tools.
Both factors were recently cited by bitcoin hedge fund Pantera Capital as reason’s that bitcoin’s price has declined since July. In that time, the price of 1 BTC has fallen from close to $650 amid heightened interest from investors at the time of the US government’s auction of roughly 30,000 BTC to a value of $472 at the time of publication.
Still, it’s arguable that no investor has been more exposed to this recent price decline than noted venture capitalist and Draper Fisher Jurvetson (DFJ) partner Tim Draper, who on 2nd July revealed he purchased all of the nearly 30,000 BTC seized from now-defunct online black market Silk Road and sold by the US government.
In a new interview with CoinDesk, Draper revealed he has been surprised by bitcoin’s recent decline in value, though he remains optimistic in its long-term value as an asset.
Draper told CoinDesk:

“I guess the markets aren’t seeing what I am seeing. An entire economy is being rebuilt. I have a price target of $10,000 in three years. Even that may be pessimistic.”

The remarks are notable given that, should Draper have paid market price for the BTC holdings, he would have lost roughly $5m on his investment to date.

Bullish in emerging markets

Draper also addressed his overall investment strategy and recent moves, most of which have targeted bitcoin startups in emerging markets.
The 56-year-old investor, who has contributed to recent funding rounds raised by BitPagos, Korbit and Volabit, told CoinDesk that he believes these companies will ultimately succeed in the face of steep challenges.
Draper’s remarks suggest that he foresees these companies being able to overcome any obstacles posed by regulation and a current lack of consumer awareness, stating:

“These companies are making it easier for people to do business in their countries. As long as the governments realize that they are better off when their people are successful, it should be smooth sailing for our bitcoin investments.”

Investors should buy bitcoin

Price decline aside, Draper said he believes that investors should continue to seek opportunities in the bitcoin market, saying he would “encourage people to buy bitcoins and spend them”.
When asked what advice he would provide to investors and entrepreneurs observing the market, he pointed to bitcoin’s long-term utility as well as its low-cost transaction network.

Find more here:
 http://www.coindesk.com/tim-draper-bitcoins-price-still-headed-10k/