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: it's at a crucially important crossroads; it's approaching a crisis that threatens its very existence; it has never been more likely to erupt into enormous global importance. Which? Don't be ridiculous. It is all those things at once, of ...
Posted on 23 May 2015 | 7:01 am
Will the New UK Government Create a Bitcoin Hub?CoinDesk
Last week in the United Kingdom, the Conservative Party was re-elected into power. This article explores what their plans to regulate bitcoin
might look like and whether they are capable of creating a bitcoin
hub in the UK. The last government unveiled ...
Posted on 23 May 2015 | 5:09 am
What might the new UK government's plans for bitcoin regulation look like and is it capable of creating a bitcoin hub?
Posted on 23 May 2015 | 5:00 am
This week, The New York Times, Wall Street Journal and Bloomberg all gave bitcoin the spotlight with lengthy reports and coverage.
Posted on 22 May 2015 | 5:06 pm
California's money transmitter regulator released conflicting statements today regarding how bitcoin regulation will move forward in the state.
Posted on 22 May 2015 | 2:13 pm
CoinDesk has rounded up today's Bitcoin Pizza Day's celebrations from across the world.
Posted on 22 May 2015 | 11:09 am
Bloomberg Brief has published a Special Report about Bitcoin. Written as an introduction for financial professionals and busy investors with little previous knowledge of Bitcoin, the report gives far too much space to marginal aspects such as price swings, scams and bankruptcies. However, while the depth of the analysis doesn’t match that of recent reports by Goldman Sachs and other top financial institutions, the Bloomberg report offers interesting insights and opinions that highlight current trends and issues in the Bitcoin space. Barry Silbert, founder and CEO of the Digital Currency Group and creator of the Bitcoin Investment Trust, the first Bitcoin investment vehicle publicly traded in the United States, focuses on the price of bitcoin and hopes it will increase. […]
The post Bloomberg Special Report Highlights Current Trends and Issues in the Bitcoin Space appeared first on Bitcoin Magazine.
Posted on 22 May 2015 | 11:04 am
The first fund to offer bitcoin investment as part of a bespoke portfolio has launched on global derivatives trading platform IG.
Posted on 22 May 2015 | 10:40 am
Bringing together more than 40 startup pitches on both the retail and fintech verticals at the consortium, the Plug and Play Tech Center Expo day included three keynotes from the founder of Plug and Play Tech Center Saeed Amidi, Managing Director of Citi Ventures Debra Brackeen and founder of the Lending Club Renaud Laplanche. Saeed Amidi started the day off with remarks summing up the mission of Plug and Play to bring together software for two industries and create a matchmaking haven where corporations could come to find solutions to their vexing technological problems, understand emerging markets and nurture and mentor the next generation of technological advancement. Debbie Brackeen was excited to describe Citi Ventures fund as a proving ground […]
The post Plug and Play Tech Center Hosts Retail and Fintech Expo for Startups appeared first on Bitcoin Magazine.
Posted on 22 May 2015 | 10:02 am
Posted on 22 May 2015 | 9:54 am
The launch of Streamium was announced via Reddit yesterday. The new application from Manuel Aráoz and company was created to build a direct connection between video streamers and their viewers. Video streaming is dealt with on a peer-to-peer (P2P) basis via WebRTC, and payments for viewing a stream are made possible through the use of bitcoin and payment channels. A stream of small, off-chain payments are made to the broadcaster every second as the viewer continues to watch a stream, and all of those micropayments are then combined into one larger payment that is made via the bitcoin blockchain. The P2P nature of the Streamium platform has the potential to disrupt many different types of video streaming businesses currently found […]
The post 5 Freelancers Who May Use Bitcoin-Powered Streamium to Cut Out Middlemen appeared first on Bitcoin Magazine.
Posted on 22 May 2015 | 9:46 am
Hong Kong-based bitcoin exchange Bitfinex announced around 5 a.m. EDT today the startup’s hot wallets were compromised and some bitcoin were stolen. The exchange also advised its users to immediately stop depositing bitcoin to old addresses in their Bitfinex account. It is unclear how much has been lost in the hack, but according to a company statement, the hot wallets held only 0.05 percent of the exchange’s bitcoin holdings. Though still unconfirmed, Redditor gowithBTC followed a string of transactions on the blockchain to what he believes is Bitfinex’s hot wallet. If correct, it would put the amount of bitcoin lost in the hack just more than 1,400 or around 0.06 percent of the company’s total holdings. Bitfinex said that any […]
The post Bitfinex Hot Wallets Hacked, More Than 1,400 Bitcoin May Be Stolen appeared first on Bitcoin Magazine.
Posted on 22 May 2015 | 9:28 am
UPDATE (22nd May, 17:2opm GMT): A representative from Bitfinex has indicated it has generated a new hot wallet on a "failsafe machine". It expects deposits and withdrawals will be live "soon", after the wallet has successfully synced. Popular bitcoin exchange Bitfinex today urged customers to halt deposits while it investigates a suspected hack. In a statement released this morning, […]
Posted on 22 May 2015 | 7:08 am
European payment processor Netopia mobilPay revealed its new bitcoin startup as part of Plug and Play's Retail & FinTech Expo yesterday.
Posted on 22 May 2015 | 5:27 am
Posted on 22 May 2015 | 3:57 am
Posted on 21 May 2015 | 7:05 pm
Hernán Botbol of Argentina's Taringa! social network is joining the Consensus 2015 lineup, which includes Nathaniel Popper and Wences Casares.
Posted on 21 May 2015 | 1:50 pm
Posted on 21 May 2015 | 12:04 pm
A bill calling for specific regulation of digital currencies has been approved by the North Carolina House of Representatives.
Posted on 21 May 2015 | 12:01 pm
Elliptic and Gem have announced a new partnership today that will involve Elliptic acting as a trusted and independent third party for the purposes of securely storing the third (backup) private key used on the Gem platform. In the past, multisig wallet users have been in control of their own backup private keys, but this new offering from Gem and Elliptic could offer a higher level of security for individuals who do not wish to take care of their own backup solutions. Up to this point, Elliptic has been an insured bitcoin storage provider for a variety of banks and exchanges who need to protect their private keys, so choosing them as the custodians of backup keys for multisig wallets […]
The post Gem Partners with Elliptic for Insured Storage of the Third Key appeared first on Bitcoin Magazine.
Posted on 21 May 2015 | 11:37 am
With the current one-megabyte-per-block limit, the Bitcoin network can process only a few transactions per second, which could strongly limit the ability of the network to handle high transaction volumes if the adoption of bitcoin payments grows. Lead Bitcoin developer Gavin Andresen is persuaded that the best solution to the problem is to increase the maximum block size, and has developed code for a proposed Bitcoin hard fork that would allow any block with a timestamp on or after March 1, 2016 to be up to 20 megabytes. “I believe this is the simplest possible set of changes that will work,” Andresen says. In a post titled “Why increasing the max block size is urgent,” he argues that if the […]
The post Bitcoin Core Developers Disagree on Proposed Block Size Increase to 20MB appeared first on Bitcoin Magazine.
Posted on 21 May 2015 | 11:27 am
MasterCard has launched MasterCard Send, a personal payments service that enables funds to be sent quickly and securely to consumers domestically and internationally. Now live for users in the United States, MasterCard Send permits sending secure real-time payments to consumers, both banked and unbanked. The recipients get the funds immediately on their MasterCard or other cards, into mobile money and bank accounts or via cash agent outlets. “This unique platform will enable disbursements and person-to-person (P2P) payments to and from virtually any U.S. debit card account, including non-MasterCard debit cards,” notes the MasterCard announcement. “MasterCard Send is the only personal payments service that can reach virtually all U.S. debit card accounts and enable funds to be sent and received typically […]
The post MasterCard Introduces Fast Bitcoin-like Global Payments to Consumers appeared first on Bitcoin Magazine.
Posted on 21 May 2015 | 10:56 am
Mintsy recently announced a launch of its new cloud mining service as the first digital currency cloud mining company to use proof-of-reserves, accomplished through cryptographic proof-of-hashrate. Bitcoin Magazine sat down with Marshall Long, who is the CTO of Cryptsy, and more recently CTO and board member at Mintsy, to discuss what he says is unprecedented innovation in the realm of cloud mining. Mintsy provides users with malleable contracts, which assuages any worries on being locked into a contract they no longer need. Long says users are “able to sell their remaining contract time on the Mintsy marketplace where other folks may want a shorter contract and can bid on contracts that are up for sale by the user.” Mining the […]
The post Mintsy Launches Cloud Mining Service with Cryptographic Proof-of-Hashrate appeared first on Bitcoin Magazine.
Posted on 21 May 2015 | 10:26 am
Posted on 21 May 2015 | 4:03 am
Following an investment in Ripple Labs, Seagate's senior vice president Dave Morton discusses why his firm is excited about blockchain technology.
Posted on 21 May 2015 | 3:38 am
UK-based digital assets service provider Elliptic has partnered with Gem to offer a custodian service for the private keys of multisig wallets.
Posted on 21 May 2015 | 1:00 am
A project led by a pioneering developer of an e-commerce security protocol was among the standouts at Blockchain University's second demo day.
Posted on 20 May 2015 | 3:45 pm
New York's bitcoin cop Ben Lawsky steps downFortune
Benjamin Lawsky, superintendent of the New York State Department of Financial Services, speaks during a Bloomberg Television interview in New York, U.S., on Monday, Nov. 24, 2014. Photograph by Scott Eells — Bloomberg via Getty Images ...and more »
Posted on 20 May 2015 | 2:54 pm
A new report suggests Benjamin M Lawsky will seek to advise clients on matters relating to digital currency when he leaves office in late June.
Posted on 20 May 2015 | 2:15 pm
Bitcoin Press Release: With over 18 months of development, The non-profit Nxt Foundation is pleased to announce many disruptive business and financial applications of Nxt’s blockchain technology: including trustless smart contracts, decentralized crowdfunding, a strong open source ethos and more. Nxt is different. While there are many players in the cryptocurrency 2.0 field, Nxt has several key elements that set it apart from the others. First and foremost, Nxt is a self-sufficient system. Many other projects depend on a blockchain implemented and maintained by an external party, usually Bitcoin. Nxt is a complete and self-contained system in itself. As any business owner knows, being dependent on a third party for an essential part of their business model introduces unnecessary risk. […]
The post Nxt: The Original Bitcoin 2.0 Platform With Smart Contracts, Decentralized Crowdfunding, Open Source and 18 Months of Development appeared first on Bitcoin Magazine.
Posted on 20 May 2015 | 1:52 pm
Citi has told the UK government it should consider creating its own digital currency, a newly obtained document has revealed.
Posted on 20 May 2015 | 11:31 am
Peer-to-peer bitcoin lending company Bitbond has closed a €600,000 angel investment round, raising its total funding to €800,000. The company, which launched in June 2013, received funds from its seed investor, Point Nine Capital and business angels, including Christian Vollmann, an early investor in ResearchGate. Radoslav Albrecht, founder and CEO at BitBond, said: "The additional resources will help us […]
Posted on 20 May 2015 | 3:09 am
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