It is not unknown to see scams in the crypto world. However, it was definitely surprising to see a company such as Moolah to end up as a complete and utter scam due to its owner Ryan Kennedy’s lack of respect to both his employees and customers. If it weren’t bad enough, Moolah declared bankruptcy, and funds from Mintpal, acquired by Moolah earlier this year were stolen by Ryan Kennedy. Yet, if it can be
In a recent article written by a colleague over at Cointelegraph, the #11 ranked CounterParty announced the following: “Counterparty is helping power approximately two-thirds of all altcoin and Bitcoin 2.0 startups and ICOs”. At first glance that strikes me as a completely hyperbolic statement but one that I thought perhaps warranted a bit more digging. Upon visiting CounterParty’s platform I was immediately struck by how slick and clean the design was. I’ve messed around on
Cryptocurrency Takes Money 20/20 by Storm By Alberto Mata Las Vegas, Nevada – November 5 marks the end of Money 20/20, but the cryptocurrency presence in the world of finance is growing and getting stronger. Money 20/20 is the leading global event for innovation in money that sold out this year and had more than 7,500 attendees. Cryptocurrency was one of the six central themes of the conference. The six major payment themes were point
Breadwallet for iOS demoed live at Money 2020 By Alberto Mata Las, Vegas, Nevada – November 5, Adam Traidman, Founder & President of breadwallet, the first standalone iOS bitcoin wallet, sent $1000 of bitcoin to Aaron Voisine, Founder & CEO of breadwallet during a live demo at Money 2020. The live demo was successful and proceeded without any difficulties supporting the strong bitcoin theme at Money 2020. The team concluded the live demo at Money
Despite digital currencies being often perceived as anonymous payment networks, much of them are in fact, probably the most transparent payment networks in the world. Many of the crypto currencies have a public blockchain that makes them totally transparent.
KnC Miner has announced their expansion of an additional 20 MW to their data center in what they call the Node Pole by the arctic circle. The Node Pole is their nickname for the mining operations so far north. The new data center will be called Boden 2 and bring their site to a total of 30 MW and 15000 square meters. They are to have the new mining data centers operational by the end
This week the Irish police in coordination with several other police organizations around the world, has begun a big operation codename Onymous, against the illegal market Silkroad and other organized movements acting inside the darknet sphere.
AlphaPoint announces partnership with Bitfinex. By Alberto Mata Las Vegas, Nevada – November 3rd at Money 2020 AlphaPoint, a white-label exchange platform, announced a strategic partnership with Bitfinex, a top bitcoin exchange by trading volume based out of Hong Kong. Bitfinex is adopting AlphaPoint’s platform as it’s backend in preparation for scaling to higher transaction volumes. The partnership was announced a day after the official launch of meXBT, a Mexican digital currencies exchange that is
Comkort is an Estonian based exchange that opened their trading services back in February 2014, offering a series of distinct features with an incredibly fast, secure and easy-to-use real-time trading platform. Since the beginning, the quality and uniqueness of the Comkort exchange trading services has been widely appreciated and the number of the exchange users has been growing exponentially.
LoanCoin is set to be polymorphic digital token. It will serve as an in-network currency that will be used to pay transaction fees to loan officers and as a surety bond to ensure loan officer honesty. From the coinholders perspective, it will be an asset-backed, income-producing store of value similar to a high yielding savings account.
The Mastercoin Foundation has announced early this week that it will be supporting a great music and charity event: HOPE GOLD COIN and The Festival of Hope and the Master Protocol.
Money 2020 Hackathon finalists and exclusive interview with $5k prize winners. By Alberto Mata Las Vegas, Nevada – The Money 2020 Hackathon had about 40% of developers submit projects built on Bitcoin APIs like Blockchain’s and Chain’s, and Bitcoin projects take home a total of $25,000 in cash prizes. Bitcoin Bookee, a sports betting platform, won $5,000 in prize money. “Bitcoin Bookee is a decentralized marketplace for online sports betters that enables two individuals to
Bitcoinist.net has the inside scoop on the… First-Ever Virtual Expo for the Global Crypto Community Hundreds of developers, opinion leaders, bitcoiners and enthusiasts have confirmed their attendance in the Crypto Money Virtual Expo. “Virtual currencies deserve a virtual expo” said Eyal Abramovitch, co- founder of the Crypto Money Virtual Expo. What Does this Mean? Good question. This means you can avoid the expensive airfare to the next bitcoin conference and enjoy a full conference experience
Privacy has been one of the most desired features in digital currencies that bitcoin hasn’t been able to offer. Evan Duffield is a software developer that has been on a quest to create a crypto currency that he hopes will soon be the perfect internet cash: untraceable and instantaneous. Early this year he created Darkcoin – believed to be the first true anonymous, secure and untraceable crypto currency. Unlike Bitcoin and Bitcoin-based alt-coins which have transparent electronic transactions, Darkcoin can be equated with online cash due to its private/anonymous transactions that resemble the anonymity of private cash transactions.
Touting several services (which are listed below), and an angle that only helps Bitcoin and cryptocurrencies in general, Providence may be a one stop shop that you were looking for. The pictures below are some of the projects Providence is working on, and will only benefit Providence and the end user. 1. What is Providence Solutions? Providence is a next generation financial services provider. 2. What services do you offer? Providence offers multiple products. Currently we have
Monetas, the World’s most advanced Financial Platform Monetas is building the world’s first decentralized system for financial and legal transactions. It is a powerful, open, standard-based platform that will enable digital finance entrepreneurs to build amazing new products and services. It’s a new bridge between Bitcoin and virtual assets, based on bitcoin and colored coins technology. Monetas has strongly invested in the development within the Bitcoin wallet and integrated full-time software engineers. The startup mission
Exclusive Interview with Gem’s Julian Vergel de Dios from Inside Money 2020. By Alberto Mata Las Vegas, Nevada – On November 2 at Money 2020 Julian Vergel de Dios, Senior Developer at Gem, a simple and secure Bitcoin platform for developers was busy building an app that enables bitcoin transactions from within messaging applications. Along with Dan Treiman, CTO of Weave, Vergel de Dios submitted the application to the Money 2020 hackathon for a chance
Replacing Mt Gox? Kraken launches exchange in Japan A write up by Marco Pineda, Kraken in the past was an excellent exchange exclusive to the United States and Europe. With complete abidance with laws and regulations from organizations like the Financial Services Authority, they are confident with their launch in Japan as well as keeping stability in operations abroad. As Kraken did launch right after the crash of Mt. Gox, it’s only fitting that Kraken
Las Vegas, Nevada – Bitcoinist brings you inside Money 2020, the leading global event for innovations in money. By Alberto Mata Today November 2nd, Money 2020, the leading global event for innovations in money, kicks off. The conference is sold out at 7,000+ attendees that include over 750 CEOs. Leading Bitcoin fintech companies Coinbase and Bitpay are here, Bitreserve, Gyft, Coinvoice, and Paypal are also attending. Conference registration opened at 7am on November 2, booths
One of the oldest UK charities accepts Bitcoin donations. By Alberto Mata On July 31, The Royal National Lifeboat Institution (RNLI) began accepting Bitcoin. The RNLI was founded in 1824, and is a major charity based in the UK and Ireland. RNLI considers taking bitcoin donations a pilot scheme, and does not have expectations as to how many bitcoins will be donated. The ability to accept bitcoin does not replace but rather it complements existing
MerchantCoin to capture 5% of Visa-accepting merchants. By Alberto Mata According to their whitepaper published earlier this month, MerchantCoin estimates that it’s efforts will garner 5% of Visa accepting merchants to also accept bitcoin. “Merchant coin envisions a world where “Bitcoin is routinely accepted in payment for goods and services; Bitcoin lending, borrowing and investing is routine; Bitcoin’s standing and liquidity is equal to any other currency; Bitcoin is a household word. The XMC token
MerchantCoin Vision by Example Earlier this month MerchantCoin published their whitepaper. The following scenario is included in the paper and illustrates the MerchantCoin vision for a consumer and seller in the commercial sector who use the MerchantCoin ecosystem. “A Consumer is browsing the internet, seeking to buy a new sports watch. Finding a great deal and placing it in the shopping cart, he discovers that the Merchant accepts PayPal, Visa, Amex, XMC and BTC. Opening
Reveal Coin is a revolutionary new crypto asset working on top of the Bitcoin protocol supported by a social network application. It will be the most exciting way to share with friends and followers. Every Reveal is a fun surprise a full screen image or video hiding behind a creative cover.