In many of the underdeveloped countries, a big part of the population lives outside of urban centers and has no easy access to a Banking infrastructure.
World-class asshole Martin Shkreli found himself in the news yet again when he resigned his position as CEO at Turing Pharmaceuticals. This move comes following his arrest on charges of securities fraud, as he allegedly used shares from his former company, Retrophin, to pay debts. Also read: Martin Shkreli Arrested for Fraud: How the Blockchain Could Have Stopped this Aids Pill Price Gouger Shkreli first made headlines earlier this year when his company purchased the
Xbox Live has been DDoSed again, bringing back memories of the dramatic attack waged against Microsoft and Sony’s PlayStation Network in 2014. This time, the hacking group that attacked Live goes by the name “Phantom Squad,” a copycat of the 2014 Lizard Squad. Also read: US Department of Justice Investigates Uber Data Breach, Could Have Been Prevented With Blockchain ARS Technica reported on December 18 that Xbox Live users experienced difficulty logging into their accounts
The United States Department of Justice has launched a criminal investigation into an Uber data breach that occurred in May 2014. Reuters reported that, during this process, the Department of Justice will attempt to determine whether Uber’s ride-sharing competitor, Lyft, had any involvement in the breach. Also read: Purse.io Reveals its Secret Platform Tritium In February, Uber revealed that they had suffered a massive data breach, in which approximately 50,000 Uber drivers had files containing
A few months ago, Turing Pharmaceuticals executive Martin Shkreli spread outrage across the world when he bought the rights to an HIV/AIDS medication and raised the price from $13.50 USD to $750. Shkreli made waves again when he purchased the highly desired, only copy of Wu Tang’s Once Upon a Time in Shaolin for $2 million. Now, might get his just desserts in prison, as the Federal Bureau of Investigation has arrested him for securities fraud.
It is no secret that established financial institution will have to come up with new and innovative forms of payment over the next few years. Even though many institutions have tried to delay this change for as long as possible, banks around the world are looking to increase the amount of funds being spent on the development of new payment technology. Blockchain technology will – most likely – play a big role in the process.
Redwood City Ventures is a new name in the Bitcoin industry that people are just starting to see some of their work appearing. RWCV are focusing on helping different companies and startups that are trying to bring collaboration between the US and Chinese companies to the Bitcoin ecosystem. One of the first ventures that people are seeing is blockC.co. Redwood City Ventures brokered a deal between blockC.co and Avalon/Canaan-Creative to be the global master distributor
The India-based tech company Infosys (NYSE: INFY) has announced the company is rigorously researching blockchain technology. The business plans to boost its exploration into the distributed ledger initiatives and build a development center. Infosys will initiate its blockchain inquiry project based in Ireland where it will offer 95 new tech-related employment opportunities. Also read: ‘So Wait — Is Ripple Centralized After All?’ The latest R&D offering by Infosys will incorporate financial technology within its study,
Sakura Internet, one of the top cloud providers in Japan and Tech Bureau, have recently signed up to take part in Mijin’s CloudChain open beta test. Mijin is a platform that was created so individuals and organizations can quickly deploy permissioned blockchains and use them in a “production environment.” The company is now offering a first-come, first-serve free distributed ledger for six months. CEO Takao Asayama told Bitcoinist: “We are pleased to roll out this
For quite some time now, people have feared how traditional financial institutions will use the concept of Bitcoin to create a centralized currency. By the look of things, that fear has now become a reality, as eCurrency Mint pitches technology that lets central banks issue their own digital currencies. To make matters, even more, interesting, these currencies would consist of attributes found in bitcoin, as well as certain traits associated with cash as we know
Bitcoinist chatted with a good friend of ours this past weekend. Daniel Krawisz an activist and prominent voice in the digital currency space who once drew some cool comics here at our publication. As well as being a talented artist, Krawisz is the Director of Research at the Satoshi Nakamoto Institute. He’s also a great speaker and was recently a guest at the recent Bitcoin Investor Conference in Las Vegas, the Texas Bitcoin Conference, and many
Warnings against the usage of Bitcoin are nothing new in the for Bitcoin enthusiasts, and the recent statement by the Minnesota Commerce Commissioner is not mentioning anything the world hasn’t heard before. The recent “manhunt” to identify Satoshi Nakamoto – the creator of Bitcoin and blockchain technology – showcased the popular digital currency’s mystery aspect. That doesn’t mean Bitcoin buyers should be worried about anything just yet, though. Also read: New KnCMiner Data Center Will
One of the most interesting projects in the digital currency ecosystem as of late is OpenBazaar, the decentralized peer-to-peer marketplace. It was only a matter of time until OpenBazaar would get a dedicated Meetup group, and London appears the place to be if one is passionate about this project. Also read: Ukraine – Bitcoin Price Reaches New ATH And Exchange Launching Soon OpenBazaar Meetup Group Focuses on DP2PT The main objective of the OpenBazaar London
Safe Exchange, the people’s exchange – San Francisco, CA — December 12, 2015 The Safe Exchange is proud to release 99% ownership of the Decentralized Board of Trade (DBOT), a blockchain based exchange governance system that oversees the anonymous exchange built on the SAFE Network. This sale is taking place on the website http://safex.io/sale. The Safe Exchange itself is a platform which anyone can use to arrange and settle Safe Contracts which can be as
Over the past few years, it has become abundantly clear that Russia is not a big fan of the Bitcoin concept, to say the least. However, that doesn’t mean the local banks aren’t keeping a close eye on the evolution of blockchain technology. Sberbank has indicated they want to join the growing consortium of banks developing blockchain-based technological solutions. Also read: Microsoft’s The Mall Could Easily Integrate Bitcoin Payments Sberbank Sees Value In Blockchain Technology
Steam is one of the most popular gaming-related platforms in the world these days. As a result of that popularity, Steam is also attracting a bunch of unwanted attention from hackers and phishers, According to details released by Valve, roughly 77,000 Steam accounts get hijacked on a monthly basis. Even though Valve makes two-factor authentication for in-game item sales mandatory now, blockchain technology could play a major part in creating a better solution. Also read:
The Inside Bitcoins conference is coming to Seoul, South Korea on December 9-11, 2015, and San Diego, California on December 14-16, 2015. One individual who will be speaking at the events will be Hans Lombardo of allcoinnews.com on the subject of Bitcoin and small business. Lombardo has 16 years of experience with disruptive technologies and uses his knowledge to run the news publication he co-founded amongst his many projects. The media outlet provides editorials featuring decentralized
The third annual Latin American Bitcoin Conference takes place this week in the beautiful and bustling Mexico City on December 4th and 5th. Also read: PNC Bank Plastic Card Issue Shows Why The World Needs Bitcoin With over forty speakers, some of the world’s most influential bitcoiners will discuss technology behind Bitcoin, and give advice to startups, opine on the pace of global Bitcoin adoptions, merchant tools, nation state-related compliance and more. Bitcoin Industry Leaders
The digital currency ecosystem is about so much more than just enabling financial services to underbanked regions. Voxelus is a project that looks to unify digital currency with virtual reality, an area that has gotten a lot of mainstream media attention in recent times. Even though the Voxelus crowdsale has been quite successful so far, the team decided to extend the presale by 15 days to accommodate Bitcoin industry events. Also read: Voxelus Will Be
As if there weren’t already enough examples as to why centralized databases are not a viable solution, the hack of VTech’s servers sheds an unwelcome light on this situation. VTech is a well-known electronic toys and apps maker, who recently saw data of nearly five million customers being leaked. A large portion of those customers are children, and the stolen data includes pictures and chat logs. Also read: First Blockchain Backed Index comes online VTech
The drama between Theymos and anyone who isn’t following his hidden agenda is far from over. Earlier today, popular Bitcoin exchange Bitstamp announced how they will be implementing BIP 101 in a few days. As you would come to expect, it was only a matter of time until Theymos issued a comment on how Bitstamp will be removed from all Bitcoin references, including Reddit and the Bitcoin Wiki. Also read: Greek Banks Asked To Pay
This is a guest post by: Luke Parker In a first-of-its-kind, new partnership records market-data on the Blockchain. By securing any market feed onto the bitcoin blockchain, Brave New Coin and Smartbit hope to revolutionize markets in several important ways. Today Brave New Coin (BNC) and Smartbit http://www.smartbit.com.au officially announce their partnership and the securing of the world’s first Price-Index on the Blockchain. The ability to offer ‘provable market data’ has previously been impossible or
Technology allows developers and entrepreneurs to achieve things that were not possible ever before. Just a few years ago, no one would have considered becoming an e-resident of a country, yet Estonia has made it possible. Thanks to a partnership between E-Estonia and BITNATION, notarizing official documents on the blockchain will become possible. Also read: BitReady Lets Consumers Spend Fiat Currency Wherever Bitcoin is Accepted DIY Governance Meets E-Residency Most people active in the world