In a statement issued to the public, Bank Indonesia says that citizens are encouraged to be careful toward Bitcoin and other virtual currencies, as they are not currencies or legal payment instruments. It further declared that all risks related to the ownership and use of Bitcoin should be borne by the owners. Also read: Ecuador’s e-Money Initiative Outlaws Bitcoin, Makes Mandatory for Banks to Follow Dictate In January of 2014, the deputy governor of Indonesia’s central bank
Since the last market wrap up, price in Bitcoin has finally hit bottom and the trend has reversed. The defining moment that turned the price around was earlier this week when price hit bottom at $222. Since then, price has increased at a steady pace totaling to a net gain of 4.5% over the last seven days. If current trends hold, I’d expect Bitcoin to be either approaching or however just above $240 this time
Earlier today, I had the chance to speak with several merchants accepting Bitcoin payments for a while now. My main concern was whether or Bitcoin is being used by customers on a regular basis, and if so, whether or not there were any noticeable trends occurring. I did learn one thing though, Bitcoin is fine in terms of supporting merchants but needs to convince everyday users to work with digital currency. Also read: Ghent Bitcoincity:
Bitcoin and the backbone technology it has, the blockchain, is a beautiful thing. Bitcoin allows instant transactions, from any point in the world. Due to the decentralized structure of the Bitcoin network, this can be accomplished with no central bank monitoring the movement of your funds. Disclaimer: This article was provided by Bitcoin PR Buzz. Bitcoinist is not affiliated with SDC and is not responsible for its products and/or services. However, the blockchain features a
BitPesa has made a name for itself in the world of Bitcoin-enabled remittance services. Up until this point, though, most of BitPesa’s efforts have been focused on Kenya, one of the most underbanked countries in the world. But yesterday, the company announced its expansion into Tanzania. Also read: BitPesa Raises $1.1 Million to Expand to New African Countries BitPesa: Sending Money To and From Africa Made Easy The remittance market is being dominated by a handful
In recent weeks, we have seen an increased level of interest in Bitcoin in South American countries, such as Argentina. Is this the beginning of a Bitcoin boom in South America, or should we be more realistic? Also read: Chip Chap Lets You Buy Bitcoin From 5,000 Major Retailers South American Governments Wary of Bitcoin South American countries are notorious for their history financial instability. Not only are most countries plagued with hyper-inflationary local currencies such as
We recently published an article about blockchain-esque technology and its uses for a couple sectors. What we mean by “blockchain-esque” is that tracking, ownership of goods, etc. can be traced through an open database. This “database”, some might call it the world’s largest filing cabinet, can be utilised by everyone. For example: If you buy a new pair of Nike’s and you want to know where they came from and if they were created ethically.
Bitcharities Bitcoin means opening new opportunities for charities and nonprofits.Charities are usually open to all types of donations, whether in money or another kind. Now, this type of nonprofits is turning to a new source: Digital currency.
The Ghent Bitcoincity event is almost here, and the time has come to give one last overview of what the organizers have in store for us tomorrow. At this point in time, we know there will be two walking routes to choose from, both of which will take you past the biggest retailers. It will undoubtedly be a fun day with lots of like-minded people to put Belgium on the global Bitcoin map. Also read: Inside
Bitcoin enables users to do a multitude of things, one of which is remitting money overseas quickly and at a low cost. This capability is why Bitcoin currently has the most potential in emerging markets, where impoverished and unbanked people rely heavily on remittances from family members in other countries. BuyBitcoin.ph, a Bitcoin exchange platform for citizens in the Philippines, hopes to take advantage of this potential. Also read: Palarin Brings a Coinbase-Like Bitcoin Exchange to The Philippines
Editor’s Note: This article has been changed to make the nature of the Bitcoin Africa Conference more clear. The name of this title is “Bitcoin Africa Conference,” and this is the first time the conference has been held. The author of this article was not saying that this Bitcoin conference is the very first one in Africa. We apologize for any misunderstanding. As you may know, the world’s first Bitcoin Africa Conference will be held
The bitcoin price is down once again this week — by approximately 9.7% — and volume has been extremely low as well, which comes to more of a shock to people than the price. Also Read: Last Week’s Market Wrap Up As of press time, bitcoin’s total 24 hour USD volume was $12.2 million, lower than the average $15 – $20 million USD volume we see on a typical day of trading. Price has flatlined in the
Victoria and Alfred Waterfront in Cape Town, South Africa is going to host the inaugural Bitcoin African Conference on April 16 and 17, 2015. The two-day event will bring together merchants, investors, venture capitalists, start-ups and Bitcoin enthusiasts who are all looking to move Bitcoin forward in Africa. Also Read: Bitcoin – Empowering Rural Economy’s and Protecting the Elephants in Africa The organizers of the Bitcoin Africa Conference plan to address many of the issues surrounding
Many people see Bitcoin as just another way to send digital payments while it is about so much more than just money or even the financial aspect of Bitcoin and its technology. The main ideology of Bitcoin is to create an independent and equal financial infrastructure for everyone on this planet, especially those with no access to bank accounts. Also Read: Coinkite API Unlocks Potential for Bitcoin Developers, Merchants and Users Bitcoin – Financial Equality
We have been hinting at it for quite some time now, but Ghent has officially been announced as Belgium’s first Bitcoincity. Following the footsteps of our friends and colleagues in The Netherlands – or to be more precise, several of the people involved in the Arnhem Bitcoincity initiative – it is due time to put Belgium on the global Bitcoin map. Also Read: More Retailers Join The Amsterdam Bitcoin City Initiative Opening Event on April
The Bitcoin Investment Fund (GBTC) trading is now live. This means that bitcoin finally made it to the international traditional markets. From the slums of the internet cypher community and the uncertainties of volatility to the benches of international financial markets, Bitcoin has come a long and hard way, and finally we can say that is now being recognized as a trusted investment fund.
Navajo Coin recently announced that they will be releasing a new wallet enabling full anonymous transactions. The Navajo Developer team has been working on a new technology that will turn their coin into a fully secure anonymous crypto currency.
MicroFinance Institutions (MFI), businesses and charities providing small loans to some of the world’s poorest people, have slowly but steadily been going digital. Antonio Separovic has been at the forefront of this with his company, Oradian, which provides database and accounting software for MFIs. Last year, Separovic went to Stellar’s San Francisco offices with a problem: all the MFIs he was working with had no way to send money quickly and easily between each other. “It takes
Today BTCFlow has launched the first institutional exchange in Brazil, Latin America’s largest economy. “The digital currency market in Brazil is still in its infancy,” said Marcelo Miranda, founder of BTCFlow. “However, we are seeing aggressive growth and adoption in other markets, and have no doubt Brazil will follow suit.” BTCFlow was founded by Marcelo Miranda, a nine-year veteran of the Brazilian division of Deutsche Bank. While at Deutsche, he was the head of equity trading
Syscoin major feature is that it provides a modern businesses platform infrastructure designed to trade goods, assets, digital certificates, data and value all in a highly secure environment.
RE/MAX is one of the best known real estate brands in the world. Recently the RE/MAX London delegation has announced it was starting to accept bitcoin as a payment method for property rentals. The company entered into a partnership with an equally recognized payment processor, the GoCoin platform. GoCoin will deliver a fast a secure service that will relieve RE/MAX of the volatility risk involved with bitcoin and other cryptocurrencies.
Louise Hogarth, an Academy Award winning Director and Producer is preparing a new documentary describing the process of paying wages to rural crafters in Bitcoin. With this project, Louise intends to support and bring attention upon one of the poorest communities in Africa.
Freedom of speech and free expression is in its real sense Decentralization. Freedom of speech is more important now than ever. The intervention of the State and Law is widely expanding. The access to free speech and free expression allows the dynamics of so-called Democratic Societies through the manifestation of individuality in public space dominance. However, what we see today is a control imposition from the Society against the individual.