At this point in time, with Bitcoin becoming increasingly relevant in the mainstream, outside observers are becoming less skeptical and are now genuinely curious about the currency’s potential. They have accepted that Bitcoin’s code is strong, and arguments that Bitcoin has no “real” value are waning. Many people in the mainstream no longer question whether Bitcoin can be integrated into the global financial system, but instead speculate on how it will be integrated. Also read:
Spells of Genesis is a new mobile game that combines trading cards with an arcade, similar to Magic the Gathering but with an epic style role play. The most important aspect of this game: it will use blockchain technology as well as Bitcoin for its game economy and storyline. It will be the first one to do so, making it one of the most innovative and interesting games on the scene.
In the midst of the press surrounding Netki’s recent partnership with Holy Transaction, the company also announced the launch of its new Wallet Name Service. Also read: Netki and HolyTransaction To Lower Bitcoin Barriers to Entry Netki was founded in 2014 with the immediate plan to remove barriers of entry for consumers interested in Bitcoin. By pursuing this goal, the company hopes to foster mass-market adoption of digital currencies like Bitcoin and Litecoin. A common criticism of
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One of the main concerns people have regarding Bitcoin payments is the fact that you always need an Internet connection in order to broadcast transactions to the network. For most of us in the western world, this is not a problem. But in the areas where Bitcoin could do some good — like Africa, and South America — Internet connectivity is scarce, which creates an issue. bitSIM wants to make Bitcoin and blockchain transactions available to
If we want to achieve a critical mass in terms of Bitcoin some day soon, we will need a lot more use cases for everyday consumers. Despite having the option to pay bills in Bitcoin and even receive [part of] your monthly wage in BTC, neither of these services are targeting a large market where Bitcoin payments could make a difference. But that is about to change, thanks to the efforts made by Bankymoon, a
Bitcoin company Circle Internet Financial has completed a funding round of $50 million with help from banking firm Goldman Sachs and venture group IDG Capital Partners. Circle is also updating its core services to enable the transfer and storage of US dollars, which are insured by the FDIC and not subject to bitcoin’s volatility. These functions run parallel to Circle’s existing infrastructure and expand its scope of financial services. Also Read: Wall Street and Silicon Valley
Security has always been a big concern for the crypto currency industry. Since its emergence security has always been a very important issue, too big for businesses and entrepreneurs to ignore. The growing need for increased security led to the development of enhanced applications like 2FA to guarantee complete security for companies trying to act in the crypto currency ecosystem.
BitGo, a company known for its expertise in Bitcoin security, has recently announced a partnership with TradeBlock, an online cryptocurrency data provider. Bitgo offers many products such as BitGo Enterprise — an enterprise-grade, multi-sig, multi-user bitcoin wallet — and BitGo Platform API, a robust set of tools and services to access the underlying platform. Also read: ShapeShift.io Adds Tether USD To Its Instant Exchange Traders use Tradeblock to receive detailed information about current trading environments. Miners can
Server security is an important issue for internet hosting, and many companies turn to dedicated server suppliers for secure hosting. MaxiDed aims to provide ideal solutions to clients looking for server hosting, listing thousands of server configurations and offering customer service in English and Russian. Also read: Robocoin’s “Romit” Software Tackles Remittance Markets Serves in 72 Countries with More Than 400 Technical Experts The company was founded in 2007; since then it has expanded its
Robocoin, an early bitcoin ATM manufacturer, is rebranding itself as Romit and debuting new software aimed at the international remittance market. The features will go live at existing Robocoin ATMs around the world, as well as internet-enabled cashiers who install the Romit application. The technology leverages the bitcoin blockchain in order to provide cheap money transfers at rates competitive with Western Union and MoneyGram. Also read: Casinos, Las Vegas & Bitcoin ATMs Robocoin was one
Article by Kyle Torpey The Bitcoin Foundation has been wrapped up in controversy throughout its entire existence, but the non-profit organization could turn a new leaf with the appointment of Bruce Fenton as the new executive director. Fenton delivered a clear, concise presentation about the future of the Bitcoin Foundation at Inside Bitcoins NYC 2015, and he made some statements that could possibly grab the attention of even the most adamant haters of the foundation. Throughout his talk, Fenton
Here is Bitcoinist’s day 3 coverage of the Inside Bitcoins New York conference! Also read: Inside Bitcoins New York Day 2: Afternoon and Evening Solving Real Business Problems with the Blockchain Peter Kirby, President of Factom, opened day 3 of Inside Bitcoins New York with his lecture on using blockchain technology to solve real business problems. Factom, Kirby’s blockchain project, builds on top of the Bitcoin blockchain — much like how many useful applications are built on top of the
Off Chain Bitcoin transactions are a highly useful innovation for Bitcoin. In such a transaction, a claim on an amount of bitcoin is sent from one person to another. No actual bitcoin gets exchanged, and the transaction is not recorded on the blockchain These kinds of transactions are beneficial because they can be made instantly, without waiting for miner confirmations, and without paying miner fees. Because of these characteristics, off chain transactions can make for
Overstock has filed a prospectus with the SEC (the Securities and Exchange Commission) and asked permission to issue up to $500 million in stock that is controlled by a Bitcoin-like network. The new concept may transform the way the traditional stock market is perceived. However, permission is still awaited from the SEC. Also read: Interview With Overstock CEO, Patrick Byrne The filing to the SEC reads: “We may decide to offer securities as digital securities…the ownership
Here is Bitcoinist’s coverage of the afternoon and evening sessions of the Inside Bitcoins day 2 coverage! Also read: Inside Bitcoins NYC Presentation Day 1 (Morning till Noon) DigitalFX: A New Asset Class for Investors After the lunch break, Brian Kelly, contributor for CNBC’s Fast Money, Founder and Managing Member of Brian Kelly Capital LLC, and author of The Bitcoin Big Bang, took take the stage to talk about investing in Bitcoin and start-ups in the Bitcoin world. According
When it comes to Bitcoin adoption and awareness, most of the money is flowing in through Chinese Bitcoin exchanges. Several major players, such as BTCChina, OKCoin and Huobi, are coming up with various tools and features to give them a competitive edge. And it is OKCoin who has come up with the very first Superwallet, a tool that gives mainstream consumers access to Bitcoin technology in the native currencies, starting with CNY. Also Read: OKCoin
Considering crypto-currency is a relatively new technology, many are still unfamiliar with it and don’t understand the concept. Consequently, public opinion of Bitcoin is generally viewed with an air of skepticism, from laymen to economists, and met with accusations of being a bubble or a Ponzi scheme. There have even been embellished reports proclaiming “the death of bitcoin” published by various news outlets at different points in time. This kind of criticism has diminished in recent years, as price charts
Blockchain technology allows us to do many things, most of which we haven’t even discovered yet. One thing we do know is that the blockchain allows us to transfer ownership of assets in a transparent manner, and it also lets us back up these assets with tangible goods such as precious metals. This is where Midas Rezerv comes into the picture, as this company portrays itself as a decentralized distributed 100% gold-backed digital token in
Update: Gavin Andersen has contacted us via Twitter regarding this article. He has stated that he is still the Chief scientist for the Bitcoin Foundation. Bitcoinist is reaching out for additional comments, and apologizes for the confusion. Gavin Andresen, if you do not know, is a well-regarded Bitcoin celebrity of sorts. Most known for his work for Bitcoin, Gavin has access to the alert key that allows him to broadcast messages about critical network
The world of Bitcoin is filled with so much technological innovation that it becomes hard to imagine something may never be possible. Just a few years ago, no one would have believed in a public ledger to not only record all transactions, but also store documents and even transfer ownership. Netki is taking things one step further by introducing human-readable addresses to the world. Also read: “Not-So-Decentralized” Ripple Freezes $1m in User Funds Netki: Removing
Bitcoin has gained recognition in the gambling industry due to the benefits it provides both gamers and businesses. its ability to benefit both the user, as well as the business. BitPlay is now aiming to increase Bitcoin’s role in the gaming industry, launching the BitPlay Network. Also Read: Apple removes Sarutobi from App Store BitPlay Today Inc. is a privately held, Boston-based startup that is working to increase mainstream bitcoin adoption by developing mobile games that
Bitcoin mining centralization has been a point of concern in the community for a while now. People are worried that the growing size of mining firms will continue until one of them attains 51% or more of the network’s hashing power. Although a firm holding the majority of the hashing power would not inherently compromise the network, it would certainly centralize the creation of bitcoin and the confirmation of transactions. Such centralization opens the door