Privacy has been one of the most desired features in digital currencies that bitcoin hasn’t been able to offer. Evan Duffield is a software developer that has been on a quest to create a crypto currency that he hopes will soon be the perfect internet cash: untraceable and instantaneous. Early this year he created Darkcoin – believed to be the first true anonymous, secure and untraceable crypto currency. Unlike Bitcoin and Bitcoin-based alt-coins which have transparent electronic transactions, Darkcoin can be equated with online cash due to its private/anonymous transactions that resemble the anonymity of private cash transactions.
Touting several services (which are listed below), and an angle that only helps Bitcoin and cryptocurrencies in general, Providence may be a one stop shop that you were looking for. The pictures below are some of the projects Providence is working on, and will only benefit Providence and the end user. 1. What is Providence Solutions? Providence is a next generation financial services provider. 2. What services do you offer? Providence offers multiple products. Currently we have
Monetas, the World’s most advanced Financial Platform Monetas is building the world’s first decentralized system for financial and legal transactions. It is a powerful, open, standard-based platform that will enable digital finance entrepreneurs to build amazing new products and services. It’s a new bridge between Bitcoin and virtual assets, based on bitcoin and colored coins technology. Monetas has strongly invested in the development within the Bitcoin wallet and integrated full-time software engineers. The startup mission
Exclusive Interview with Gem’s Julian Vergel de Dios from Inside Money 2020. By Alberto Mata Las Vegas, Nevada – On November 2 at Money 2020 Julian Vergel de Dios, Senior Developer at Gem, a simple and secure Bitcoin platform for developers was busy building an app that enables bitcoin transactions from within messaging applications. Along with Dan Treiman, CTO of Weave, Vergel de Dios submitted the application to the Money 2020 hackathon for a chance
Replacing Mt Gox? Kraken launches exchange in Japan A write up by Marco Pineda, Kraken in the past was an excellent exchange exclusive to the United States and Europe. With complete abidance with laws and regulations from organizations like the Financial Services Authority, they are confident with their launch in Japan as well as keeping stability in operations abroad. As Kraken did launch right after the crash of Mt. Gox, it’s only fitting that Kraken
One of the oldest UK charities accepts Bitcoin donations. By Alberto Mata On July 31, The Royal National Lifeboat Institution (RNLI) began accepting Bitcoin. The RNLI was founded in 1824, and is a major charity based in the UK and Ireland. RNLI considers taking bitcoin donations a pilot scheme, and does not have expectations as to how many bitcoins will be donated. The ability to accept bitcoin does not replace but rather it complements existing
MerchantCoin to capture 5% of Visa-accepting merchants. By Alberto Mata According to their whitepaper published earlier this month, MerchantCoin estimates that it’s efforts will garner 5% of Visa accepting merchants to also accept bitcoin. “Merchant coin envisions a world where “Bitcoin is routinely accepted in payment for goods and services; Bitcoin lending, borrowing and investing is routine; Bitcoin’s standing and liquidity is equal to any other currency; Bitcoin is a household word. The XMC token
MerchantCoin Vision by Example Earlier this month MerchantCoin published their whitepaper. The following scenario is included in the paper and illustrates the MerchantCoin vision for a consumer and seller in the commercial sector who use the MerchantCoin ecosystem. “A Consumer is browsing the internet, seeking to buy a new sports watch. Finding a great deal and placing it in the shopping cart, he discovers that the Merchant accepts PayPal, Visa, Amex, XMC and BTC. Opening
Gavin Andresen proposes a roadmap for scaling Bitcoin By Alberto Mata On October 6, Gavin Andresen, Chief Scientist at Bitcoin Foundation proposed a roadmap for overcoming challenges to scaling Bitcoin. Andresen suggests rolling out a hard fork that increases the maximum block size limit to enable Visa scale transaction volumes of about 3,000 transactions per second. The maximum block size is currently hardcoded at 1MB enabling 7 transactions per second, and if increased would have
New Japanese Bitcoin Exchange Launches New bitcoin exchange Kraken has finally launched in Japan. Kraken aims to replaces the notorious Mt.Gox as the leader in bitcoin financial exchange industry, doing so in the very place Mt. Gox was based in. During the team’s recent announcement, security and complete trade compliance were mentioned several times. USA & European Frontier Kraken has had exceptional history in the past operating within the United States and European markets. With
Yet again, Bitcoin and cryptocurrencies as a whole are on the decline. While this is a 2 month chart, the outlook has been a steady decline with spikes of volume (particularly around October 5th as shown in the chart). To the current average of $347.25 according to CMC at time of writing. This was after a brief dip to the $330 range, but for now Bitcoin seems to be going on a positive market trend.
KROIN, is the result of a new and innovative credit based economic and financial system. Kroin aims to be an alternative and democratic economic system to the traditional financial system. It's a system that creates and distributes a digital financial asset generated directly by users. Kroin developers designed it to be an open, verifiable, transparent and user friendly platform using the blockchain technology.
We were in the Crazy Sin City at one of the most exciting bitcoin conference of this year. Hashers United Bitcoin Mining Conference. We had a chance to talk to Marshall Long, executive director of Hashers. Bitcoinist -This is the first ever mining conference in the industry so congratulations guys for putting it together! This is the second day of the two days conference here in Las Vegas. Amazing speakers, lot of audience. Excited to
Belgian Bitcoin Association is growing steadily. The popularity of Bitcoin is growing steadily. Some claim that reason of the Bitcoin popularity increase is because of the big companies like overstock that are accepting Bitcoin payments for their goods. However history and statistical data has shown us that it is largely due to the fact of an active Bitcoin community that is open to all that is the main reason that Bitcoin is growing strong in
Monetas is building the world’s first decentralized system for financial and legal transactions. It is a powerful, open, standards-based platform that will enable digital finance entrepreneurs to build amazing new products and services. By introducing breakthrough technological innovations and dramatically lowering the cost of doing business, it will enable a whole new class of businesses. The startup mission is to empower people to live and do business with greater freedom than ever before, creating a world of unprecedented prosperity.
Justcoin, a Norwegian based digital currency exchange, has announced it was shutting down their operations. This announcement was made early today throughout social networks and Reddit, and the affected customers have been receiving an email reporting the same issue. At the exchange official Blog and twitter account you can read: “Justcoin is shutting down. Affected users, check your email.”
When you look at Bitcoin, there will always be the one big obstacle that is so hard to overcome: building relationships with banks. Despite Bitcoin gaining massive media attention, and some of the world’s biggest companies now accepting Bitcoin as a payment method, the banks are still wary of this digital currency. But why is that, exactly? Many people attribute the “negative stance” banks have towards Bitcoin because of its decentralized nature. Add to
FinCen has issued two basic administrative rulings over digital currencies; The first one relates to the application of FinCEN regulations to a virtual currency trading platform, while the second discusses the application of FinCEN regulations to a virtual currency payment system.
Welcome to the weekly News Bits! Umbrella Holdings: Insure your Cryptocurrencies! Umbrella is an insured cryptocurrency that is designed to be mined with a parent coin. It is usually the industry leader in terms of market cap for its algorithm. Umbrella differs from other cryptocurrencies by automatically sending a portion of each block reward to a secure wallet. Once the exchange is deemed secure, they guarantee all Umbrella Holdings while held on exchange. It’s important
What is DPOS? This week, Bitcoinist has published two excellent articles on the topic of DPOS, or delegated Proof of Stake. Both written by Alberto Mata, DPOS is a new feature that Bitshares is talking about, which they believe solves problems of both proof or work and proof of stake systems alike, adding another layer of security by countering the negative effects of trust centralization. One fact that is pointed out however is that it
Xapo CEO and founder Wences Casares explains the history of money in a Big Think video about Bitcoin. His explanation of the history of money is below. “Bitcoin is a new digital currency that is perhaps the best form of money that we have ever seen. It’s important because most of us don’t understand money very well and perhaps the concept that is harder for us to understand is that money is and has always
Conformal Systems, an open-source software company, is creating BTCSim to answer the question of what would happen if Bitcoin transaction volumes reach those of major credit card companies. The software is under development on github, but BTCSim simulations have already produced results. Maximum Block Size The current maximum block size is 1MB, but the simulations show that the maximum block size that can be processed by a full node running on a single machine is