• Some services in life are already automated, but there are still a ton of improvements to be made. Energy suppliers in the UK, for example, will now automatically switch customers to more expensive plans. The era of “fixed” fuel rates is coming to an end, which will affect tens of thousands of UK households over the next few weeks. However, if the customer fails to switch over themselves, they will pay an additional £186 fee.

    Blockchain-based Ledger By UK Energy Suppliers Could Prevent Late Fees for Customers

    | 2015/09/27 8:22 am
  • Bitcoin and the underlying technology of the blockchain has become a pretty important invention of our time. The cryptocurrency application itself has given us a sketch of new meanings that apply to money and mediums of exchange. The blockchain can house and transact with unlimited amounts of valued assets through its publicly distributed ledger, and among these valuable building blocks is unforgeable data. This data can lead to incredible concepts produced by the blockchains transparency

    Blockchain Identity: Solving the Global Identification Crisis

    | 2015/09/27 8:00 am
  • What, exactly, would happen if everyone just dropped the money they were using (USD, the euro, the yen, etc.) and resorted to dealing in bitcoin from here on out? Also read: “Blockchain Technology” is Bringing Bitcoin to the Mainstream This is a question that we’ve likely entertained on an individual or otherwise small scale at some point or another. As a civilization, however, it’s not likely we’ve actually sat down and thought through the full

    What Would Happen if Bitcoin Was Accepted Globally?

    | 2015/09/26 8:00 am
  • India is one of the world’s biggest booming economies, and e-commerce seems to be taking center stage in the lives of everyday consumers. At the same time, Bitcoin acceptance in the country is seeing an uptrend as well. Even though Bitcoin might not make a major impact in the world of e-commerce in India just yet. there are some benefits to using the frictionless virtual currency when dealing with live goat sales. Also read: Letstransport

    India Attempts Livestock E-Commerce Sales, Bitcoin Payments Next?

    | 2015/09/25 1:38 pm
  • The approaching halving of Bitcoin’s block reward is the subject of much optimism among Bitcoin enthusiasts and price speculators. Hardcore believers, uncaring about its exchange rate, look forward to the “halvening” as a milestone in Bitcoin’s history. Each block reward halving represents a triumph for Bitcoin, for they signify that Bitcoin has remained relevant enough for mining to continue. Speculators, on the other hand, look to the halving as a source of hope. Since the

    The Bitcoin Halving: Deflating the Hype

    | 2015/09/25 8:00 am
  • Ledger (not to be confused with the hardware wallet company) aims to be the first of its kind: a bitcoin-only scholarly journal. Ledger plans on publishing original research articles exclusively about cryptocurrency and cryptocurrency-related topics, such as mathematics, politics, and economics, to name a few. Also read: Tim Draper’s Startup U Should Focus More on Bitcoin “Ledger aims to encourage greater involvement by academics in cryptocurrency and foster a culture of rigorous analysis and peer-review

    Ledger: First Scholarly Bitcoin Journal Invites Authors

    | 2015/09/24 8:00 am
  • Bankymoon, a South African-based Bitcoin solutions company, is changing how people pay for utilities, making them more affordable. Bitcoinist spoke with Lorien Gamaroff, founder and CEO of Bankymoon, to find out more about the utility crisis in Africa and what Bankymoon is doing to solve it. Lorien, a South Africa native, shared with us about the crisis and how it is impacting Africans and the education system. Also Read: Bankymoon Offers Bitcoin Solution For Paying Utility

    Blockchain Smart Meters: Solution to Africa’s Utility Crisis and Struggling Schools?

    | 2015/09/21 3:00 pm
  • After two weeks of sharp, last minute changes in the Bitcoin price, the markets caught a break this week, with the price remaining fairly stable throughout. Thus, it seems as if the speculators have finally settled down. This, combined with this week’s relatively slow news week, explains the sideways action that persisted throughout the week. Also read: QuickActions Wins Disrupt SF 2015 Hackathon Daily Bitcoin Price Action September 14: $228.18 September 15: $229.61 September 16:

    Bitcoinist Weekly News Re-Hash: BitPay Hack, California Bitcoin Bill Dies

    | 2015/09/21 8:00 am
  • Yesterday, September 19, 2015, hundreds of hackers spent the day at Pier 70 in San Francisco working on projects in hopes to win the Disrupt SF Hackathon. In this competition, hackers have to create a fun and creative hack in 24 hours; the grand prize for the competition was $5000 USD, along with two runner-up prizes. Also read: Sharebeast Shut Down, Blockchain to fix bad File Sharing Companies? The winner of the 2015 Disrupt SF Hackathon

    QuickActions Wins Disrupt SF 2015 Hackathon

    | 2015/09/20 11:03 pm
  • Meet “the bitcoin kid.” He’s not a Wall Street broker turned rogue or a manager at Coinbase, but a 15-year-old sophomore student who currently attends Brentwood School in Los Angeles. His name is Whit Jackson, and the bottom line is, he’s passionate about bitcoin. Also read: Ethereum Powered Prediction Market Platform, Augur, Launches Crowdsale Jackson explains: “All my teachers know me as ‘the bitcoin kid.’ I told a few of my friends and it spread

    Meet Whit Jackson: the Bitcoin Kid

    | 2015/09/17 12:00 pm
  • The Isle of Man is home to a growing number of businesses that accept Bitcoin. During the past decade, the island became an important outpost to online poker, and some of the world’s biggest companies have relocated to the island, including Rational Group, the owner of websites like PokerStars and Full Tilt Poker.

    Isle of Man: a Safe Haven for Digital Currency

    | 2015/09/16 8:00 am
  • The blockchain serves as undeniable proof that the spirit of innovation will come through time and time again. Regardless of the BitLicense, ongoing regulation attempts, and the endless debate surrounding the problems it allegedly poses, the technology behind bitcoin continues to solidify its popularity and further its stance in the business world. Also read: How the Blockchain may be the Future of Wall Street San Francisco-based Blockstack works with companies hoping to orient themselves around the

    How Tierion Gives New Purpose to the Blockchain

    | 2015/09/14 12:00 pm
  • ShapeShift has proven to be one of the most popular services to be available in the virtual currency ecosystem today. Having the option to trade Bitcoin and over 40 other virtual currencies intermittently, without having to register for an account or complete a verification procedure, has attracted a lot of attention. Earlier today, news broke about ShapeShift raising US$1.6m in funding to further expand their service. Also read: Shapeshift Incorporates Ethereum into Altcoin Exchange Platform

    ShapeShift Raises Another US$1.6m in Funding

    | 2015/09/08 12:47 pm
  • The UK government might be the next entity that starts using the Bitcoin blockchain for non-monetary purposes. Every day we see more news that makes us think, “Man… How many things can the blockchain do? What all is it good for?” With what appears to be constantly-growing capabilities, it’s no wonder the budding technology has so many advocates. Also read: How the Blockchain may be the Future of Wall Street Several businesses orient themselves around blockchain

    UK Government Might Be Next to Use the Bitcoin Blockchain

    | 2015/09/08 9:00 am
  • This past week, the Bitcoin markets saw very little action, with last week’s sideways trend persisting. That is, however, until Sunday, when the Bitcoin price shot up $10 into the $240s range. With the Bitcoin XT drama finally settling down, and no changes in major fundamentals, it currently looks as if this latest spike is mostly speculative. Will this speculative surge liquidate itself, or will it establish a new fundamental support level? Also read: Bitcoinist

    Bitcoinist Weekly News Re-Hash: Bitcoin Price Rockets, FinTech Industry Stirs

    | 2015/09/07 8:00 am
  • Colu has recently announced its successful integration into Copay, a popular multisig wallet from Bitpay. The plugin used for Copay will allow the use of colored coins, giving users the ability to issue digital assets for virtually anything. I spoke to Mark Smargon, VP Product & Founder of Colu regarding the new plugin, and what it means for Colu, Coloredcoins, and Copay. Concurrently, ColoredCoins.org is extending an open invite to all developers who wish to be

    Exclusive Interview: Colu Releases Plugin for Copay

    | 2015/09/05 8:00 am
  • Imagine a world where any business or company could go public without the excessive and often unfair costs involved. A place where the stock market did not control the future of our children and fluctuate our daily expenses based on nothing more than a few personal gains. These gains owned by few who — through the use of the media and internal conversations — manipulate the future of our global wealth. Wealth that could be

    Overstock’s TØ Platform is Reinventing Wall Street

    | 2015/09/04 8:00 am
  • College can be an exciting and monumental time for many people. As the Wizard tells the Scarecrow, “Men enter universities, and when they come out, they think deep thoughts.” While this statement still holds true today, many of those thoughts focus new technologies and ideas. Until now, it wasn’t uncommon to run into students majoring in subjects such as psychology, communications, or even nursing. So many degrees to choose from, but if none of them fit

    Bitcoin Education Grows as Universities Begin Offering Crypto Classes

    | 2015/09/02 8:00 am
  • The current Bitcoin block size debate has dragged in everyone from all corners of the Bitcoin industry. Miners and Mining pools have recently begun to have their say, with nearly all of them supporting an increase in block size. However, with over 62% supporting the BIP100 variant, the XT proposal has been left for dead. At any rate, XT sparked a needed debate in the Bitcoin community. While all of this has been going on,

    Exclusive Interview With Jihan Wu of Bitmain on S7, Block Size Debate and More

    | 2015/09/01 7:50 pm
  • An interesting collaboration has been formed between BitGive Foundation, Factom, BitPesa, The Water Project and The Plug and Play Accelerator. Such a partnership would not come to fruition without a good reason, and all noses are pointed in the same direction. There is one simple goal for this effort: building a transparent donation platform connecting donors to the results of their generosity. Also read: BitGive Asks for Donations for Bitcoin Community Services Ending Non-Profit Accountability

    BitGive Addresses Non-Profit Accountability With Bitcoin Technology

    | 2015/09/01 9:34 am
  • Victor Pascucci, the head of corporate development at USAA, says blockchain technology is game changer, and that he has not seen many technologies that meet this description during his nearly 20 years in the VC sector. Thus, Pascucci has stated his organization is developing a thesis on the application of the blockchain. Also read: How the Blockchain may be the Future of Wall Street So far, the most involved the USAA has been in the blockchain

    USAA Develops Thesis on Blockchain Technology

    | 2015/08/31 3:00 pm
  • If there was ever a doubt regarding how little innovation there has been in the financial sector over the past 50 years, the recent NatWest outage and HSBC payment issues are a fine example. The banking system as we all know it is struggling to keep up with new forms of technology, and the sector needs a major overhaul to say the least. While these issues took place, the Bitcoin network carried on like nothing

    NatWest And HSBC Payment Network Issues, Bitcoin Carries On Like Usual

    | 2015/08/31 1:13 pm
  • It’s difficult not to love the ending of the movie “Jaws.” Chief Brody and Matt Hooper are forced to paddle their ways to the nearby shore through a rising mountain of seagulls and shark remains after destroying the killer fish responsible for terrorizing swimmers native to Amity Island. After only a few moments of paddling, Brody says, “I used to hate the water,” to which Hooper replies, “I can’t imagine why.” Also read: Are Wall Street and The

    How the Blockchain may be the Future of Wall Street

    | 2015/08/30 3:00 pm