Recent innovative ideas and projects, such as micropayment channels and the lightning network, are creating trustless channels between people so they can transact with each other without touching t...
Sunday, May 31, 2015
The Future of Bitcoin Is Bright; Jesus Would Know
Roger Ver, Bitcoin's first angel investor, spoke to a big crowd on May 29 at the Pioneers Festival at Hofburg Imperial Palace, Vienna, where he said that he believes it's not too late to invest in B...
Weekend Roundup: OKCoin Faces Severe Image Crisis, Ross Ulbricht Gets Life in Prison
Weekend Roundup from CoinTelegrap...
UN Report: Freedom of Expression Depends on the Use of Encryption
A landmark report from the United Nation's Office of the High Commissioner warns that restrictions on encryption could dull freedom of expressio...
Fintech Fusion: ‘Reinforcing the Position of Switzerland as a Worldwide Hub’ for Innovation
Fintech Fusion calls themselves “the Swiss Fintech Factory.” The startup incubator wants to provide new businesses in the financial tech sector with opportunities to accelerate their operation...
Saturday, May 30, 2015
Ulbricht, Who Wanted to Empower Others to Be Free, Will Spend His Own Life in Prison
Silk Road operator and kingpin Ross Ulbricht has been sentenced to life in pris...
BitSpark Wins Innotribe 2015 Singapore Semi-Finals and Announces New Offline Service
Bitcoin remittance startup BitSpark, alongside four other fintech startups, won the Innotribe 2015 Singapore Semi-Finals held Thursday at the Red Dot Design Museum. The event was organized through a partnership with NextBank Asia and sponsored by international bank Wells Fargo and European startup accelerator Level39.
BitSpark will now progress...
Deep Web Documentary Shines Light on the Rise and Fall of the Silk Road
On February 4, 2015, a young man named Ross Ulbricht was convicted of seven charges laid in a U.S. Federal Court in Manhattan. On May 29, 2015, he was sentenced to life in prison for his crimes.
He was accused of being the owner and operator of the Silk Road website, the most popular online drug marketplace.
The indictment charged...
FinTech Digest: Android Pay Arrives, CBA Integrates Ripple, Bitcoin ATMs Hit Milestone
FinTech Digest from CoinTelegra...
Former OKCoin CTO: ‘OKCoin is Seriously Violating its Obligation'
Changpeng Zhao has revealed that OKCoin has violated both of the contracts demonstrating strong evidence for a breach of contract with Roger Ve...
Andresen Will Shift Efforts to Bitcoin Fork, If No Consensus Reached on Block Size
Gavin Andresen suggested that he would shift his efforts from the main Bitcoin implementation (Bitcoin core) to the alternative Bitcoin-Xt implementatio...
Top Global Banks Are Deeply Involved in FIFA Bribes Scandal
CitiBank, JPMorgan Chase & Co, HSBC Holdings PLC and Bank of America Corp. are deeply involved in the bribes, kickbacks and laundering money schemes of some top FIFA officials and sports executive...
6 Unconventional Uses of the Blockchain
Blockchain technology is shifting from a fringe phenomenon to being studied by traditional finance and governments, it is gaining more and more momentum and interest from VCs, financial experts and ...
Friday, May 29, 2015
Citi Names GetGems App the ‘Most Visionary Social Solution’ In Mobile Challenge
Israel-based GetGems mobile wallet and messenger app earned the title of the “most visionary social solution” for “instant payments across social platforms” in the Citi Mobile Challenge in Europ...
Bitcoin Gets ‘Slashdotted’ and the Creation of Mt. Gox
From DIGITAL GOLD by Nathaniel Popper
Headphones on and an oversize can of MadCroc energy drink by his side, Martti sat at his dorm room desk, giddy. Slashdot, a go-to news site for computer geeks the world over, was going to post an article about Martti’s pet project. Bitcoin, largely ignored over the last year, was on the verge of receiving...
Blockstream Starts Development on the Lightning Network
The authors of the much-discussed Bitcoin Sidechains paper “Enabling Blockchain Innovations with Pegged Sidechains,” released in October, have formed the company Blockstream to develop new ways to accelerate innovation in digital currencies, open assets and smart contracts. In November, Blockstream closed a $21 million seed funding round...
Two Bitcoin Companies Make the Fox Business List of 30 Hot Fintech Startups
Fox Business published a list of 30 top fintech startups to watch in the Bay Area. The list includes two Bitcoin companies that offer simple and effective solutions for important real-world problems.
BTCjam allows users to invest their bitcoin and earn a high rate of return. This process is secure and allows investors to participate in peer-to-peer...
Actress Lucy Liu Goes Blockchain at Branson’s Caribbean Island Conference
The Blockchain Summit on Richard Branson's private island has attracted digital currency's top names, and even the likes of Hollywood's Lucy Li...
Commonwealth Bank of Australia to Integrate Ripple for Instant Settlements
"Big four" Australian bank, the Commonwealth Bank of Australia (CBA), has announced its plans to integrate Ripple and use the distributed network to transfer funds between its subsidiarie...
MAY 29 DIGEST: US Govt Says Ross Ulbricht Owes Them Nearly $184M, Apple Mentions Bitcoin in Patent Application
U.S. government prosecutors have imposed a money judgment of almost US$184 million against Ross Ulbricht, Apple casually mentions Bitcoin in a new patent application, and more new...
Eris Industries Leaves UK After Orwellian Bill Reintroduced
Eris Industries, which develops software that allows anyone to build secure, low-cost data infrastructure using blockchain and smart contract technology, has ordered all its staff to depart the Unit...
‘Using Smart Bitcoin like Dumb Assets is akin to buying a Ferrari and pushing it Around Town’
Reggie Middleton rose to national prominence when he accurately predicted the failure of Bear Stearns and Lehman Brothers and his BoomBustBlog became required reading of analysts, investors and the ...
Thursday, May 28, 2015
The Community Responds on the Day Before the Sentencing of Ross Ulbricht
In a letter to Judge Katherine Forrest, Ross Ulbricht will plead for leniency at his May 29 sentencing following his conviction for the crime of being the owner and operator of the Silk Road online ...
Russia Blacklists Another Bitcoin Website, but BitNovosti Finds Workaround
Despite the recent court ruling that overturned a previous decision to block access to at least five Bitcoin websites, Russia’s supervision agency has blacklisted one of the country’s most popular B...
Bitcoin ATMs Reach 400 Units Worldwide, 2-Way Machines on the Rise
The number of Bitcoin ATMs across the globe has hit 400. Meanwhile, operators are reportedly making US$1-3K monthly of their Lamassu units, 2-way machines are on the rise, and other interesting metr...
Tembusu Systems to Launch TRUST Digital Money Platform for Businesses and Governments
Tembusu Systems Pte Ltd., a digital currency platform provider based in Singapore that counted Greece’s Finance Minister Yanis Varoufakis among its advisers, announced that it will soon begin implementing digital currency payments using its TRUST framework.
According to the Tembusu website, Tembusu’s TRUST framework is a global infrastructure...
Vegascasino.io Launches Into The Bitcoin Casino And Online Gaming Markets
Bitcoin Press Release: Just launched Bitcoin Casino Vegascasino.io offers bettors and players an industry leading online betting and online gambling experience that is second to none.
Vegascasino.io is a new player in the Bitcoin gambling market, but boasts an experienced team of professionals behind the platform. The team comes from a fiat...
12charge.com Launches Worldwide Mobile Recharge With Bitcoin, Utility Bills Payments With Cryptocurrency, And More
Bitcoin Press Release: 12charge.com launches worldwide mobile recharge, utility bills payment, TV, Internet, Skype and more; aiming to “charge everything” with Bitcoin and other options, in just a few clicks.
Accepting Cryptos
Hong-Kong based company Sam Sien Trading Ltd recently launched startup 12charge.com. This global online recharge...
New Bill Could Mean Lower Taxes For Bitcoin Startups in New Jersey
A new bill by proposed by two New Jersey assemblymen could mean tax and regulatory breaks for digital currency companies operating in the state.
According to The Star-Ledger, the bill would lessen burdens for cryptocurrency companies in an attempt to incentivize job creation in the state. Proposed by Assemblyman Rai Mukherji (D-Hudson) and...
BitStamp Launches Bitcoin Debit Card For EU Citizens
European Bitcoin exchange BitStamp launched a pre-paid debit card that can be loaded with bitcoin on Wednesday.
According to the London-based exchange, the debit card is accepted at anywhere major credit and debit cards are accepted. The card’s balance can be denominated either in British pounds, euros or American dollars.
The debit card...
Italian Insurance Giant Will Invest €1.25bn in FinTech Startups
Europe’s third-largest insurer Generali has announced it will indirectly invest 1.25 billion euros in emerging financial technology by 201...
NY Attorney Wants to Jail Ulbricht for Life, Bitfury develops a Mining Light Bulb
Attorney for the Southern District of New York Attorney has asked the judge the Ulbricht case to issue a life sentence; Bitfury has developed a light bulb that mines bitcoin and more ne...
True Democracy: World’s First ‘Political App’ Blockchain Party Launches in Australia
Max Kaye is an Aussie with a passion for Bitcoin. He is currently working to bring a novel political party, the Neutral Voting Bloc, into existence using the bitcoin blockchain turning it into a pol...
Why Nick Szabo Likes Abra and Streamium
On May 25 on Twitter, Nick Szabo praised the innovative ideas of two Bitcoin startups — Abra and Streami...
Wednesday, May 27, 2015
Cato Institute's Mark Calabria: ‘Expect Another Crisis Within the Next Decade’
CoinTelegraph spoke with Mark A. Calabria, the Director of Financial Regulation Studies at Cato Institute, about the institute’s views on Bitcoi...
How Sociability is Driving the Media Franchise in 2015
In today’s internet-driven multimedia age, media branding is spreading more quickly and easily than ever befor...
Ex-Investment Bank CCO Joins Bitcoin Exchange Kraken To Prepare For US Expansion
Bitcoin exchange Kraken has announced that financial compliance veteran Howard Bernstein has joined the company as chief compliance officer as the trading platform looks to expand to the United States.
Bernstein, who has more than 20 years of experience in American financial regulations, constructed the entire anti-money laundering program...
3 Bitcoin Podcasts Featuring Industry Leaders
With the news of SoundCloud’s integration with Changetip, it only makes sense that there is a surge in appeal toward Bitcoin news and analysis podcasts.
While constantly refreshing the most popular Bitcoin news sites is addictive to some, it does not always capture the true passion behind digital currency enthusiasts because they lack one...
Citi Persuaded that Digital Money is Inevitable, Encourages U.K. Government to Create its Own
In March, after receiving more than 120 replies to a call for information on digital currencies, the U.K. government released a Treasury document titled “Digital Currencies: Response to the Call for Information,” which summarizes the submissions received and outlines the government’s views and proposed next steps. In particular, the government...
One Coin, Much Scam: OneCoin Exposed as Global MLM Ponzi Scheme
OneCoin, a purported cryptocurrency and trading venture based out of Bulgaria, is suspected to be a pyramid scheme with no verifiable evidence to back up any of its business claim...
13 FinTech Unicorns: The Industry Disrupters That Are Worth Billions
With currently 108 unicorns worldwide, the billion-dollar valuation club is nowhere near getting smalle...
MAY 27 DIGEST: Block Chain Summit Kicks Off on Richard Branson's Private Island, Xapo Announces Advisory Board
The Block Chain Summit kicks off at Branson’s private island, Xapo announces its advisory board, BitQuick.co integrates Clef's 'passwordless' authentication system, a new Bitcoin center in the capit...
SimbaPay CEO, Nyasinga Onyancha: ‘It Makes Sense to Have a Presence in Nigeria’
SimbaPay is a remittance service provider headquartered in London that enables Africans in UK to send money from their bank accounts back home fast, cheaply and securel...
Tuesday, May 26, 2015
North Carolina Bill will be ‘Amended’ To Make BTC Businesses Comply
A bill placed before the North Carolina Senate could see the Old North State implement mandatory licensing for companies operating with digital currenc...
Bitcoin Has Empowered Over 50,000 Women and Counting
Interview with the Founder & President of BitCharities and Bitlanders, Francesco Rul...
BitSent Expands its Fleet of Bitcoin ATMs to British Columbia’s Simon Fraser University
One of Canada’s first companies to launch Bitcoin ATMs across the country is expanding its fleet of Lamassu-brand ATMs to Vancouver, British Columbia’s Simon Fraser campus bookstores in Vancouver, Surrey and Burnaby.
BitSent now has Bitcoin ATMs in 11 locations across the country and is looking to expand internationally in 2015.
While...
Nasdaq to Push Forward with Blockchain Applications
On May 11, the leading stock exchange Nasdaq announced that it would begin experimenting with the blockchain technology that powers Bitcoin. The Wall Street Journal reported that Nasdaq will start with a pilot project in Nasdaq Private Market, a recently launched marketplace that handles pre-IPO trading among private companies.
“Utilizing...
Bitcoin Gains Traction amid Steady Growth in Indonesia
Indonesia, one of the world’s most beautiful archipelagoes and travel destinations, has had a consistent increase in bitcoin adoption at popular tourist spots including Bali, Jakarta and Denpasar, since the launch of BitIslands in March 2014.
Initiated by the largest Indonesian Bitcoin exchange Bitcoin Indonesia, the project was sponsored...
Xapo Adds Visa Founder and Former Citibank CEO to Advisory Board
Universal Bitcoin services startup Xapo has announced that former executives from Visa and Citibank, alongside a former secretary of the treasury, has joined the company’s board of directors.
In a Xapo statement, Visa founder Dee Hock, former Treasury Secretary and President Emeritus of Harvard University Lawrence H. Summers and former Citibank...
BitQuick Goes Passwordless
BitQuick is the latest Bitcoin company to integrate Clef’s passwordless two-factor authentication to make logins safe and easy for a big audience.
Oakland, CA – May 26, 2015 — BitQuick, the fastest way to buy Bitcoin, announced an integration with Clef today to protect the accounts on their platform. Clef is becoming increasingly popular for Bitcoin companies who are interested in growing their audience, especially companies...
Bitcoin Alternative DNotes Launches World’s First Digital Currency Employee Incentive Benefits Plan
Bitcoin Press Release: DNotes is pleased to announce the launch of the world’s first Digital Currency Employee Incentive Benefits Plan – the latest in a family of unprecedented digital currency financial instruments from the DNotes team.
Chicago, Illinois. [May 25, 2015] – DNotes announces the release of their Employee Incentive Benefits...
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