Bitcoin Price Analysis from CoinTelegraph
Monday, April 13, 2015
Now You Can Take Out Bitcoin Micro-Loans on Reddit
The big news in bitcoin lending has always been the removal of the bank. Services like BTCJam facilitate peer-to-peer (P2P) loans using borrowers' real-world identities.
APR 13 DIGEST: Hillary Clinton Doesn't Want Bitcoins, BTCGAW.com Reported to FBI
Hillary Clinton has not followed in Rand Paul's footsteps to accept bitcoin donations; BTCGAW.com is accused of fraud and intimidation; and more news.
Satoshi Citadel Industries ‘Completing the Bitcoin Ecosystem in the Philippines’ With BuyBitcoin.ph Acquisition
The Philippines’ first Bitcoin exchange, Buybitcoin.ph, has been sold to resident universal Bitcoin service Satoshi Citadel Industries (SCI) with a view to expanding remittances in the country.
How to Get Your Mom to Use Bitcoin
As someone who's gotten two mothers to use Bitcoin, I thought I'd offer up a few tips on what seems to entice the maternal amongst us.
Sunday, April 12, 2015
After Hectic Week for Foundation, MIT Offers to Host a Bitcoin Standards Center
The Massachusetts Institute of Technology (MIT) could become an important pillar for Bitcoin in the near future, as director of the MIT Media Lab Joi Ito has proposed hosting a Bitcoin standards body
Large Wall Street Firms Look with Increasing Interest Toward Bitcoin
While Bitcoin pundits were sure 2014 was going to be the year Wall Street came to Bitcoin, their predictions may have been a year too early.
Weekend Roundup: PayPal Confirms BTC Acceptance, BitMesh Unveils Bitcoin-Internet Prototype
Weekend Roundup from CoinTelegraph
Cryptocurrency Regulation in the International Community 2015: Part 2
CoinTelegraph has assembled a research report on the regulatory environment for cryptocurrency across the globe.
Four Arrested in US$307M Alleged Pyramid Scheme 'UFun'
Thai police have arrested four executives of UFun Store Co. Ltd., a business that operates an alleged pyramid scheme.
Saturday, April 11, 2015
Ripple Labs Expands to Asia Pacific Region
The company behind the consensus network and currency, Ripple, has announced a new office in Sydney, Australia as part of a push further into the large Asian and Pacific markets.
“We are excited to formally unveil a presence in Asia Pacific — an area that has been aggressively pursuing faster payment technologies for both domestic and cross-border payments,” said Ripple Labs CEO and co-founder Chris Larsen.
According to a Ripple Labs s, the expansion is to meet a “growing demand” for the currency’s payment services in the region. Unlike Bitcoin, Ripple relies on intermediaries to work as gateways and exchange the ripple currency (XRP) for fiat currencies or intermediaries. The Ripple currency serves as way to send any form of value (fiat currencies, precious metals, etc.) across the globe quickly and cheaply.
Since it is not decentralized like Bitcoin, the alternative cryptocurrency has been able to find use cases as a money transfer service and seen adoption among small financial institutions. Fidor Community Bank, a banking startup, and the Bank of Weir, another experimental bank, became Ripple gateways last year.
“I am thrilled to bring Ripple Labs to Sydney, where we can more effectively serve eager markets in India, Singapore, the Middle East and across APAC,” said managing director of Ripple Labs Asia Pacific, Dilip Rao. “Banks and enterprises can leverage Ripple to more efficiently service the exploding trade and remittance flows in this region.”
“Dilip is a natural fit to lead this office because of his years of experience in the space and his deep, engaged network in the region,” Larsen added.
Rao will be leading Ripple Labs’ efforts in Australia and throughout Asia in his new role as head of the Asia Pacific subsidiary. The first Asia Pacific office will be opened in a large Australian city, but the company plans to expand to other parts of central and eastern Asia in the coming year.
Rao will bring more than 25 years of management and business development in the technology and payments sector to the digital currency company. He was the founder and CEO of Australia’s first peer-to-peer payments company, Paymate. More recently, he founded Woomera Labs, Inc., a business development firm that matches innovative startups with large companies.
He also holds degrees in physics and electrical engineering and an MBA from the Indian Institute of Management, Ahmedabad, India.
Rao will be in charge of the company’s business development and expansion in the region, as well as leading the company’s efforts with regulators, lending banks and central banks.
Though this is the first official presence of Ripple Labs, numerous third-party Ripple gateways already exist in the region. Japan, Singapore, China, Israel, India and South Korea are just some of the countries with Ripple exchanges.
The new office and focus could mean more activity for the digital currency in the region.
Why Bitcoin Is More Like a Postage Stamp than a Currency (Op-Ed)
It is quite common to argue that Bitcoin violates a king’s or nation’s privilege: the mint. We heard less noise when another public monopoly, the mail postal service, was privatized.
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