• A new report, issued by the Massachusetts Institute of Technology (MIT), explores the potential of digital banking, including the possibility of a world without banks. Also read: Bitcoin IRA Gives Away Free Silver to Celebrate $500K Milestone MIT Report: Legacy Banks Stuck in a Malaise The report, contentiously titled “Digital Banking Manifesto: The End of Banks?” was published in August and authored by Alex Lipton, David Shrier and Alex Pentland of MIT’s Connection Science Department.

    MIT Fintech Report Suggests the End of Banking Is Near

    | 2016/08/30 6:00 pm
  • On July 18th, 2016, the California Public Employees’ Retirement System (CalPERS) discussed investing in the blockchain at “2035 Vision — Investing in the Future,” a talk on the agency’s future vision plan. Also read: Kim Dotcom Requests Court Hearing to Be Livestreamed Blockchain: Investing in the Future The talk was lead by Jesse McWaters, Project Lead, Disruptive Innovation in Financial Services, Financial Services Industries, World Economic Forum — who provided a presentation about blockchain technology

    California Public Employees’ Retirement System Talks Investment in Blockchain in 2035

    | 2016/08/30 5:00 am
  • On August 25, 2016, Australia’s Minister of Finance, Malcolm Keenan, announced that the Australian Transaction Reports & Analysis Centre (AUSTRAC), will be launching a new cyber-intelligence team. Also read: Atlanta’s Blockchain Enthusiasts Take an In-Depth Look at Dash Task Force Designated to Take on “Financial Threats” Facing Australia The team is intended to specialize in gathering information about financial threats to the country as as an additional way of preventing and managing finance-related cybercrime. Some threats the team

    Australia’s Cyber-Intelligence Team to Focus on Financial Threats

    | 2016/08/28 10:07 pm
  • The hugely popular messenger application, WhatsApp, has changed its privacy policy in order to share more user data with its parent company Facebook. Also read: Industry Report: Banks Trying to Beat Bitcoin WhatsApp Changes Privacy Policy This move has some WhatsApp customers feeling betrayed as it seems to directly contradict previous statements made by the company. It is also the first time the firm has changed its privacy policy since it was bought by Facebook

    WhatsApp “Betrays Users” by Sharing User Info with Facebook

    | 2016/08/26 5:07 pm
  • Wildfire, a type of ransomware targeted at Dutch speakers, has been successfully defeated by the No More Ransom initiative, a project coordinated by the Netherlands Police, Europol, Intel and Kaspersky. This multinational collaboration aims to help victims of ransomware retrieve their encrypted files for free through the use of multiple decryption tools. Also read: Ransomware as a Service is Bringing In Some Serious Money ‘Wildfire’ Ransomware Wildfire is a piece of ransomware, a type of malware that takes users’

    ‘Wildfire’ Ransomware Defeated by International Security Team

    | 2016/08/25 6:00 pm
  • Editor’s Note (August 26, 2016, 8:15 PM EST): This article has been updated to show the new start date for the TRIG crowdsale, as well as to fix a typo. Blockchain-based smart gun system, Blocksafe, is getting ready to move forward with its vision by launching a crowd sale for its new token and extending its main blockchain with the help of Lisk. Also read: Lisk Unveils Long-Term Development Roadmap Blocksafe Integrates with LISK, Announces

    Blocksafe Announces ICO Sponsored by Blocksafe Foundation

    | 2016/08/25 5:00 am
  • The governor of Japan’s central bank has referred to the importance of security in “blockchain” and “distributed ledger” technologies during a FinTech conference speech in Tokyo. Also read: Ransomware May Threaten the Future of Bitcoin Flagship FinTech Technologies Bank of Japan (BoJ) Governor Haruhiko Kuroda described them as “flagship technologies in FinTech” at Japan’s first FinTech Forum, an event hosted by the BoJ itself at its own headquarters. Without referring to Bitcoin by name, Kuroda also

    Japan Central Banker: Blockchain, Security Vital to FinTech’s Future

    | 2016/08/23 12:00 pm
  • Bitcoin has jumped in price again. Following a near two-week excursion down south, bitcoin has hit a detour and is now hovering at $581 as of press time. That’s a near $10 rise since our previous price piece. However, the price is still down overall. Although many factors may be contributing to bitcoin’s slight slump, many seem to believe that ransomware poses a particularly nasty threat to the currency’s future. Also read: Bears and Bulls Continue

    Ransomware May Threaten the Future of Bitcoin

    | 2016/08/22 12:00 pm
  • India has expanded their draconian internet copyright and media enforcement policies from DNS filtering banned IPs, to enforcing those bans with up to 3 years jail time and up to a $4500 USD fine for attempting to visit a blocked site. Said enforcement is facilitated with assistance from Indian ISPs Read Also: Secure Boot Hack is a Good Thing: Here’s Why India Lets John Doe Go Too Far Many sites are blocked in India at

    India Plans to Enforce Internet Censorship With 3 Years Jail Time

    | 2016/08/21 10:25 pm
  • The decentralized digital content distributor, DECENT, is getting ready to launch its ICO in September. People can already participate in the ICO, though, through the project’s bounty system. Also read: Bet on MMA with Bitcoin: UFC Fight Night 21 DECENT ICO and the Bounty System According to Matej Budo, the ICO will begin September 10th, but for now, people can engage in bounties to participate in the pre-ICO campaign that allows people to earn DECENT

    DECENT Bounty System Allows Users to Earn Coin before ICO Launch

    | 2016/08/06 5:00 am
  • Svante Lehtinen sat down with Bitcoinist to talk about the proposed HEAT ledger. Billed as a ‘blockchain 3.0 technology,’ The project claims to improve upon current blockchain technologies by dramatically improving transaction speeds through a synthesis of proof-of-stake and proof-of-work. Lehtinen is the project leader of HEAT and an experienced entrepreneur of 20 years. He is also the founder of the 2.0 cryptocurrency, FIMK, and the COB of the nonprofit Krypto Fin ry association. Also

    Blockchain 3.0 Technology: Project Leader on the New HEAT Ledger

    | 2016/08/04 12:38 pm
  • VANCOUVER, B.C., July 21, 2016 – NetCents Technology Inc. (“NetCents” or the “Company”) (CSE: NC) is pleased to announce the launch of its newly updated Enterprise Solutions Payment Gateway. Disclaimer: This is a press release. Bitcoinist is not responsible for this firm’s products and/or services. NetCents has commenced its beta testing on its Payment Gateway platform, a streamlined, ecommerce application that processes and authorizes secure credit card transactions, in both digital and traditional fiat currency,

    NetCents Payment Gateway API Commences Beta Testing

    | 2016/07/21 2:13 pm
  • On July 10, 2016, Chinese smartphone manufacturer, Xiaomi, announced that their cheap line of phones, known as Redmi, had sold over 110 million units in just 3 years. This news could have implications for bitcoin, as cheaper smartphones could directly result in higher trading volume in the country. Also read: Bullish Trading Ahead? Bitcoin Price Sees New Technical Patterns The Redmi and Redmi Note, less than half the price of other Xiaomi phones like the

    Record Sales for Xiaomi Smartphones Could Benefit Bitcoin Users

    | 2016/07/13 2:12 am
  • According to a new report from market research firm Counterpoint Research, Apple has dropped into fifth place in China’s smartphone market. Also read: New EU Cybersecurity Laws to Cover Online Banking, Markets Is the iPhone Trailing Behind its Competitors Because of Bitcoin? This news is a huge blow to the tech giant, as China represents Apple’s biggest customer base outside of the United States. Additionally, this news follows an earlier market report from the second

    Is Apple’s Attitude Towards Bitcoin Hurting Chinese iPhone Sales?

    | 2016/07/08 11:59 am
  • Is Canada going cashless? Are PayPal and Coinbase an item? Is IBM testing the blockchain? Take a look below to catch up on all the Bitcoin and digital currency news. Also read: Industry Report: How Badly Was the DAO Attacked? Is the Finance Sector Getting Cozy With Bitcoin? COINBASE In what’s being called a “stellar move,” Bitcoin exchange Coinbase is adding PayPal and credit card support for its users. Coinbase recently reported on its blog:

    Industry Report: Bitcoin ‘Hooking Up’ With Traditional Finance

    | 2016/06/25 1:52 pm
  • The DashnDrink is back! Disclaimer: This article was provided by the Vanbex Group. Bitcoinist is not affiliated with the firms represented by the Vanbex Group and is not responsible for their products and/or services.  DashnDrink Returns Better Than Ever The innovative point of sale soda machine project put together by Jeremy Maus and Dustin Eward, two Dash investors, two pioneering chaps, will be making another long-awaited appearance at this year’s d10e Conference in San Francisco

    ‘DashnDrink’: Dash-Powered Vending Machine Returning for d10e

    | 2016/06/17 3:56 pm
  • The recent news of how Snapchat is valued at US$18bn has sent shockwaves through the financial world. For a company that is not monetized in a traditional way, there seems to be a lot of interest from investors. So much even that the company continues to raise cash, albeit their business model may not be very clear to most people. Also read: Swift Investigation Highlights Twelve More Potential Breaches Most people know Snapchat as a

    Snapchat Valuation Soars Due To Fintech Features

    | 2016/05/28 5:55 am
  • Success in the world of Bitcoin and cryptocurrency inadvertently leads to unwanted attention. In the case of Tech Bureau Corp, the company behind Zaif and Mijin blockchain technology, they became the victim of Akitsu, Co, Ltd. using some of their product names for commercial purposes. Also read: Bitcoin.com Launches Official Casino, Free Bitcoin Bonus Akitsu Crowdfunds By “Borrowing” Tech Bureau Corp. Resources Both Tech Bureau, Corp and Dragonfly Pte, Ltd saw some names of their

    Japanese Company Raising Funds Abuses Tech Bureau Corp. Credentials

    | 2016/05/14 3:28 am
  • On 21 and 22 June over 1,500 people from the world of fintech will come to Nave Boetticher, Madrid to take part in MoneyConf. This invite­ only event is being brought to Madrid by the organisers of the world’s largest startup event Web Summit. Disclaimer: This is a press release. Bitcoinist is not responsible for this firm’s products and/or services. Web Summit’s MoneyConf Coming to Madrid MoneyConf is the most important global meeting place for

    Web Summit to Host Two-Day FinTech Event in Madrid

    | 2016/05/13 10:08 am
  • Editor’s Note: The following article is the opinion of the writer. It has started debate along with both positive and negative reactions. All voices should be heard and acknowledged. Andreas Antonopoulos and others are perpetuating a misconception about the nature of power by advancing the notion that the most monied institutions on the planet won’t crack the code for their own blockchain-based systems. Antonopolous claims that, if a blockchain is not an “open” — or

    Andreas Antonopoulos’ Folly On Private Blockchains

    | 2016/05/11 11:48 am
  • Europe is taking blockchain technology and fintech solutions very seriously. All across the land, government officials, new startups, financial executives, and educators are promoting these emerging markets with much excitement. With investments being made within various European countries, and strategic discussions with parliament, it seems the Europe wants a leading edge in this growing environment. Also read: Peter Todd Exposes MIT ChainAnchor Project That Enables Tracking Bitcoin User’s Identity Dutch Bank Partners With Nexuslab Blockchain Ventures A recent partnership

    Europe Blockchain Fever: Public, Private Sectors Jumping on Board

    | 2016/04/29 5:00 am
  • On April 26th, Taiwan held its first public hearing concerning blockchain technology and its relationship with money transmission, current regulations, and academic research. The meeting saw Government officials, blockchain promoters, and scholars gathering at the Taiwanese Legislative Council to discuss distributed ledgers and the economic implications they will bring. Also read: Vitalik Buterin: Blockchain and the Future of Courts Taiwan Bankers Should Research Blockchain Technology ‘As Soon As Possible.’ During the meeting National Taiwan University Professor,

    Taiwan Holds First Public Blockchain Hearing

    | 2016/04/27 9:00 pm
  • Apr. 22, 2016 — With headlines each week spotlighting millions of dollars in fintech funding for the development and trialing of cutting-edge technology like the distributed ledger, digital currencies or their deploying platforms, it’s easy to lose sight of the core, perhaps altruistic, driving force of creating technology: advancement. This article was provided by the Vanbex group. Written by Brandon Kostinuk Fintech in the Developing World “Globally, we’re seeing the emergence of payment systems via mobile

    Vanbex Report: The World’s Unbanked and Fintech Innovation

    | 2016/04/22 3:08 pm