Coinbase joins powerful DC special interest group “The Internet Association” alongside Google and EBay. Coinapult teams up with Factom in technical collaboration. Internet sleuth tracks down one winne
Thursday, March 12, 2015
MAR 12 DIGEST – Coinbase joins powerful Internet Assoc, Coinapult team up with Factom
Coinbase joins powerful DC special interest group “The Internet Association” alongside Google and EBay. Coinapult teams up with Factom in technical collaboration. Internet sleuth tracks down one winne
Baby Neo is Bitcoin's First 'Undocumented Human'
Popular chatter has it that Bitcoin will be most helpful to people in “developing countries,” because they're “unbanked” and “undocumented.” Poor souls.
Bitcoin in Cuba: “This currency would not be punished like the dollar is today”
Proof that Bitcoin can empower the minority, independent of political will or regulatory circumstance, is coming to light in 2015 – in Cuba.
T-Mobile Poland Embraces Bitcoin With 20% Bonus, Partners with Local Payment Processor InPay
T-Mobile Poland has entered into a partnership with local payment processor InPay S.A, allowing customers to top-up their cellphone credit using bitcoins.
Wednesday, March 11, 2015
More Like FiatDesk: CoinDesk Launches Deal Site Without Bitcoin Support
The world's most visited Bitcoin news site has decided to implement a deal section full of “exclusive” offers. The problem is, they don't accept Bitcoin and the offers don't appear to be exclusive.
Nemtsov’s Murder Could Have Been Bought with Bitcoins
Assassination of public figures for reasons ranging from revenge, power struggle to just silencing has been part of human history since time immemorial. Is it possible that Bitcoin is changing how thi
Bitcoin: The Benevolent Virus (Op-Ed)
Bitcoin is a virus spreading with no cure. It transmits itself through the ideas of others and travels via digital networks of information. Eating up the processing power of computer systems and decay
FibreCoin Leaves Blocknet, Joins SuperNET
FibreCoin, which has been a member of the Blocknet community since October 2014, developers of anon-centric OS, and anti-key-logger password interface, has left the 2.0 platform to join the SuperNET.
Counterparty and MathMoney f(x) Create Symbiont to Make Financial Markets Smarter
Counterparty founders have joined with MathMoney f(x) and its founder Mark Smith as co-founders of the new fintech company Symbiont. Symbiont will focus on fostering the symbiotic relationship between traditional financial markets and cryptographic blockchain technology.
“Since we founded Counterparty over a year ago, our focus has consistently been on the creation and positioning of this technology as a solution for structural issues in the larger financial markets,” said Robby Dermody, co-founder of Counterparty and now President of Symbiont.
“Symbiont is the next step in achieving that goal,” Dermody said.
“We’re excited about the positive impacts blockchain adoption will have in the systems that power modern finance, and we look forward to seeing this technology put into use in a way that increases transparency, liquidity and the overall functioning of capital markets,” added Evan Wagner, co-founder of Counterparty and now Managing Director of Operations at Symbiont.
“I founded MathMoney f(x) (a SenaHill Partners portfolio company) to address the severe infrastructural problems associated with the emerging math-based currency trading ecosystem,” said Smith, CEO of Symbiont. “After studying the intricacies of [the blockchain] it became clear that blockchains in general, and Counterparty specifically, could solve long-standing, previously intractable problems that exist in modern financial markets. This epiphany made the decision to join forces with the Counterparty team a logical one.”
“Mark has over twenty years of experience in finance, and was one of the core people behind the creation of several large-scale trading platforms,” say the Counterparty founders on their website. “We’re all very excited about the potential positive impacts not only to Counterparty, but to the blockchain’s adoption in the systems that power modern finance.”
Symbiont will be using Counterparty and other blockchain-based technologies to solve specific, identified issues in several segments of the multi-trillion dollar securities market.
Symbiont’s technology platform will be based on Counterparty, but the Counterparty technology itself will remain open source. The Counterparty Foundation will remain unchanged, with both community and third-party industry voices being represented, and Counterparty co-founder Adam Krellenstein will continue to serve as chief scientist of the foundation besides his new role of Symbiont chief technology officer.
Counterparty made multiple headlines in 2014. Its technology was selected as the main software backbone for a new independent stock exchange operating in bitcoin and powered by Bitcoin technology.
The new stock exchange, developed by Overstock and codenamed Medici, could sidestep traditional stock exchanges such as NYSE and NASDAQ and issue corporate stock directly over the Internet.
It was later revealed, however, that the Medici project will include a wider variety of Bitcoin technologies, protocols and blockchains.
In November, Counterparty announced the implementation of Ethereum’s programming language on the Counterparty platform, enabling users to save and execute Turing Complete Ethereum code on the Bitcoin blockchain, without having to go through external blockchains and altcoins. In the near future, Symbiont’s team plans to upgrade Counterparty’s port of Ethereum, and make it ready for operational production.
The Counterparty software suite has matured rapidly with more than 180,000 Counterparty transactions made, often constituting a significant fraction of daily bitcoin transactions. In addition, there have been three comprehensive security audits performed on the codebase.
Symbiont already has raised significant interim funding, which will be followed by a formal Series A round investment of preferred stock.
MAR 11 DIGEST: 21 Inc. to Build 'the Full-Stack Infrastructure for Bitcoin,' First Trading Platform for Smart Securities
Secretive Bitcoin company 21 Inc., becomes the world's most funded digital currency startup, founders of Counterparty announce the first issuance and trading platform for "smart securities," former JP
BitPay’s Inks Partnership Deal to ‘Decentralize 3D Printing’
BitPay the Bitcoin payment processor continues building on its relationship with Ayden, the payment processor behind AirBnB, Facebook, Uber, Spotify and Facebook. Its latest integration is with 3D Hub
Bitcoin Startup 21 Inc. Reveals Industry Record Funding of US$116 Million
21 Inc., formerly 21e6, announced it had raised US$116m in venture capital, the largest investment yet accumulated by a startup in the digital currency industry.
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