• 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
  • Diamond is a cryptocurrency aimed to allow users to store personal wealth securely. By keeping the max coin supply at 4.38 million, Diamond is ensuring the currency remains scarce and valuable, similar in characteristics like the precious commodity it is named after. Disclaimer: This article was provided by Bitcoin PR Buzz. Bitcoinist is not affiliated with Diamond and is not responsible for its products and/or services. Cryptocurrencies have the possibility of having a profound impact

    Diamond:Be Your Own Bank and Creator of Wealth

    | 2015/09/13 1:00 pm
  • Russian citizens face a huge challenge to their right to privacy as the government has passed the law requiring firms to store the data of Russian citizens on Russian soil. These new rules are being seen as a way for Russian president Vladimir Putin to tighten control over the internet, and have generated controversy about the possible impact this move may have on the world’s largest Internet companies. Customer privacy is also of concern, as well

    Controversial new Russian law Dangerous for Online Privacy

    | 2015/09/13 8:00 am
  • The recent refugee crisis has led many to question the European nations and the role they play within the agreed upon “union.” It would seem that when a time of crisis has come upon such nations, the role they have to play is somewhat questionable and nonparallel to their agreed responsibility as a unified network. European Commission President Jean-Claude Juncker made a comment that highlighted this directly, as he was giving his speech to the European parliament that

    BitNation’s Emergency Refugee Responds to Europe’s Lack of Union

    | 2015/09/11 7:04 pm
  • The authoritarian government in Turkey has charged three journalists working for Vice News for ‘engaging in terrorist activity’ on behalf of ISIL (ISIS). The charge according to the government is that one of the three journalists used encryption software on his personal computer which is often used by the ISIL. Also Read: Teaching Encryption Soon to Be Illegal in Australia Out of the three journalists charged, the two are from Britain (Jake Hanrahan and Philip

    Encryption Under Attack in Turkey as 3 Journalists for Vice Are Jailed

    | 2015/09/02 6:41 pm
  • On August 25, 2015, Agora announced that it would go offline as the result of “suspicious activity,” which it believed to be attempts at breaking through their security protections. The online drug market uses the anonymous communication software, Tor, to protect its servers and customers from third-party, and more specifically, government snooping. Tor works through a decentralized network of volunteer computers that encrypts user’s data and IP’s with an extensive series of relays. Also read:

    Agora Shutdown Shows Need for More Decentralization

    | 2015/08/29 3:00 pm
  • The Chinese newspaper, China Times, has reported that on August 20, 2015, Taiwanese police arrested two suspects who allegedly scammed investors out of $1 billion NT, equivalent to $30.6 million USD. Lu Kuan-wei and Chen Yun-fei were arrested after the Criminal Investigation Bureau in Taipei received a number of complaints about fraud from victims.   Editor’s Note: To be clear, Mycoin was a ponzi scheme that fronted as a Bitcoin exchange. Additionally, it needs to be noted

    Alleged Scammers Behind Bitcoin Exchange Ponzi, MyCoin, Arrested in Taiwan

    | 2015/08/28 8:00 am
  • Leaked classified documents provided to The New York Times and Propublica by whistleblower Edward Snowden reveal that AT&T has facilitated NSA spying operations for decades. The leaked documents, which were the first covered by the New York Times, is the most recent in a series of leaks provided by Snowden over the last two years. Snowden first gained fame after revealing thousands of classified government documents to journalists Glenn Greenwald, Laura Poitras and Ewen MacAskill that

    Leaked Documents Show AT&T has Helped the NSA Spy on Customers for Decades

    | 2015/08/19 3:00 pm
  • Latin America held its first forum discussion on the financial and regulatory environment for virtual currencies in the continent. The organizers aptly named the forum, “Latin American Forum on Virtual Currencies,” and put an effort to bring Bitcoin advocates and Latin American governments together. With BitLicense hogging the headlines in the Bitcoin ecosystem, this recent development in the South America was unable to make to get much traction in the news. The forum was a one-day discussion

    Latin American Virtual Currency Forum: Finncial & Regulatory Environment

    | 2015/08/16 3:00 pm
  • As of right now, the Uber taxi service app does not have a feature that allows people to tip their drivers electronically. Uber drivers have been complaining about only being able to receive tips in cash for quite a while. In-car advertising company Vugo now meets their demand with a new feature, called “Tip your driver.” Also read: Uber Drivers get Creative to Accept Bitcoin Donations Uber Controversy Uber is a taxi service app that

    Vugo Allows Uber Drivers to Receive Tips Electronically

    | 2015/08/13 3:00 pm
  • Following the order from the Supreme Court (SC) of India resulting from public interest litigation (PIL) filed by advocate Vijay Panjwani in April 2013, the Government of India has blocked 857 pornographic websites. Also Read: Backpage Accepts Bitcoin as Visa, MasterCard Set Embargos The PIL filed by Vijay Panjwani sought curbs on these websites, especially the ones showing child pornography, and gave a list of 857 websites. Taking the action, the SC gave directive and asked for

    Going Soft: Porn Officially Banned in India

    | 2015/08/05 8:00 am
  • Trees, a California-based medical marijuana distributor, recently has proposed the idea of delivering marijuana kits by air. An idea that certainly is novel and could end up being one that innovates the industry as it becomes more commercialized. Also read: American Green Builds World’s First Marijuana Vending Machine Accepts Bitcoin The company currently only serves the San Francisco Bay area and accepts Bitcoin as well as more traditional forms of payment through online bank transfers,

    Bitcoin-Purchased Marijuana May Soon be Available via Drone

    | 2015/08/04 12:00 pm
  • Since last week, Bitcoin has dropped a net total of approximately $10 (3.5%). This drop came after a brief surge to the high $290s; the Bitcoin price flirted with $300 but ultimately failed to break through the resistance. Furthermore, news of Mark Karpeles’ arrest seems to have indirectly affected the price. Also Read: Last Week’s Market Wrap Up Just a few days ago, Mark Karpeles — the ex CEO of the now-defunct Mt Gox exchange

    Bitcoin Market Wrap Up 7/26 – 8/2: Markets Down, Vanillacoin Takes Lead

    | 2015/08/03 9:00 am
  • Aiming to expand in Asia, particularly in the Southeast, the leading exchange platform of digital currencies in Mexico, meXBT, has bought CoinRepublic, a Singapore-based cryptocurrency brokerage firm. Also read: Revealing Bitcoin’s Legality, the ZapChain Summit Despite the fact that there are a limited number of merchants accepting Bitcoin in Southeast Asia, cryptocurrency companies are entering the region to tap what they believe to be a huge potential. The region’s population is twice as large as that

    meXBT Acquires CoinRepublic Expands to Southeast Asia

    | 2015/08/01 3:00 pm
  • The Enhance Group recently announced that it will open a new base in Singapore — its first location in Asia. Enhance, an industry-leading FinTech company that offers investment services, has experienced tremendous growth with the rise of FinTech. This new location will open in response to the expanding FinTech industry and increasing demand for financial technology services in Asia. Also Read: Kevin Taylor Takes Questions During London FinTech Week The Rise of FinTech FinTech, or “Financial Technology,” is quickly

    Enhance to Open Singapore Base to Meet Asian FinTech Demand

    | 2015/07/28 3:00 pm
  •   With a positive gain of around $20 this week, Bitcoin seems to be rebounding, perhaps for a potential break through the $300 barrier once again. The small bump in price is most likely associated with the positive news surrounding Gemini, the Bitcoin exchange in the making brought to you by the Winklevoss twins. Also Read: Last Weeks Market Wrap Up If you haven’t heard yet, the Winklevoss twins have taken one step further to

    Bitcoin Market Wrap Up 7/19 – 7/26: BTC & LTC Rebound, $300 incoming?

    | 2015/07/27 8:00 am
  • Bitcoin, among other coins, saw both an increase in price followed by a hefty decrease in price shortly after. Bitcoin broke $300 after nearly a month of steady price gains. Unfortunately, the price was not able to stay there for more than a couple of days and since then price has fallen. While the price has attempted on multiple occasions for reentry into $300, the highest Bitcoin has been this week $294. Price has continued

    Bitcoin Market Wrap Up 7/12 – 7/19: BTC Down 10%, Markets Holding Steady

    | 2015/07/20 3:00 pm
  • Rising around $50 in price, Bitcoin had a crazy ride this week. Breaking the monotony that we’ve seen for the last 18 weeks with only single digit changes and the occasional bull run, the rise from $260 to $310 is reminiscent of the kind of trading we saw last year. Also Read: Last Weeks Market Wrap Up With a steady buying pattern this week, Bitcoin users experienced steady gains in price with no signs of

    Bitcoin Market Wrap Up: BTC Breaks $300, Rise And Fall of LTC

    | 2015/07/13 2:00 pm
  • Trestor is a technology non-profit company whose mission is to create the most efficient International service for money, payment, and markets. The Startup is focused on providing a global and accessible money and payment system with over 575 retail partners located across 66 countries. Trestor Network, or T-net, is a decentralized peer-to-peer network. Just like many other cryptocurrencies, anyone who wishes to contribute computation and bandwidth resources can become an active node and help run

    Trestor Foundation Provides A Solution For Greece Capital Controls

    | 2015/07/11 6:00 pm
  • In Europe, online gambling has recently caught the attention of regulators in several countries. This sudden interest has been sparked by a desire among regulators to do more to curb problems normally associated with gambling. Some solutions that have been offered include greater transparency, licensing measures, prohibitions that make it harder for minors to engage in online gambling, and stricter rules on marketing and advertising. The concerted efforts to make online gambling safer, which is being touted

    UK to Address Illegal Bitcoin Gambling Activities

    | 2015/07/10 9:00 pm
  • With the turmoil surround the situation that is developing in Greece, many are looking towards Bitcoin as a potential long-term solution to solving the problem as well as set a precedent if similar situations erupt. Disclaimer: This article was provided by Bitcoin PR Buzz. Bitcoinist is not affiliated with Crypto Collider and is not responsible for its products and/or services. DNotes Alan Yong describes the situation as grave, with the potential for the situation to

    DNotes Alan Yong Comments Regarding Greece; Needs A Global Currency

    | 2015/07/08 6:00 pm
  • BitX has been building a global cryptocurrency platform that provides Bitcoin products and services — like wallets, exchanges, merchant integration, and APIs — to consumers, businesses, and developers, particularly in emerging markets. The company’s latest decision to launch operations in Nigeria marks another venture into an emerging market. Also read: BitX Takes its Bitcoin Services to Indonesia Headquartered in Singapore, BitX’s decision to launch its services in Nigeria is aimed at exploiting Bitcoin’s potential in Africa’s

    BitX Launches Operations in Nigeria as Part of Global Plan

    | 2015/07/08 8:00 am
  • Bitcoin has done extremely well this week, rising from a low of $249 from the beginning of this week, all the way up to a high of $270, with price sitting at $269.61 currently. With Bitcoin known to receive significant market movement from global politics, it is no surprise Greece defaulting gave Bitcoin a $20 boost in price. Also Read: Last Weeks Market Wrap Up Another event that has helped as well as slightly inhibited

    Bitcoin Market Wrap Up 6/28 – 7/5: BTC Up From BIP66, Greece as Litecoin Approaches $5

    | 2015/07/06 2:00 pm