• Northern Trust and IBM have released what is being called the first commercially deployed blockchain-based solution for finance. But is blockchain the right word for this platform? ‘First Commercially Deployed Blockchain’ The trend towards “chainwashing” is growing with companies using the Blockchain buzzword as a means to get attention and funding. Although companies are attempting to build functional applications using distributed ledger technology, they often come as solutions to nonexistent problems. Such might be the

    Database? First Commercial IBM ‘Blockchain’ Touts 4 Nodes, Immutability

    | 2017/02/23 9:30 am
  • Venezuela Bitcoin exchange SurBitcoin has announced it intends to start operating once more within a week. Legal Bitcoin Exchange in ‘Around One Week’ In a statement on its Facebook page, the exchange, which was forced to close at the request of banking partner Banesco, said that the process of finding a replacement had taken “longer than expected.” “Based on the procedures carried out so far and the ongoing discussions with the bank’s management, it is

    Venezuela’s Only Bitcoin Exchange to Resume Operations

    | 2017/02/23 5:30 am
  • As the controls on the Internet, or more accurately, the World Wide Web become more and more pervasive and intrusive, the creator of this revolutionary program is sounding an alarm against government abuses of power and violations of privacy. World Wide Web Creator Slams Mass Surveillance The Internet, or more accurately, the World Wide Web, has changed the world of information transfer forever. This has been a boon to the average consumer, who has more

    World Wide Web Creator Bashes Gov’t Controls, Promotes Privacy

    | 2017/02/23 1:00 am
  • Switzerland’s southernmost canton of Ticino is launching its own cryptocurrency for local use, but its regulatory status remains uncertain. Another Local Crypto For Switzerland Two developers from Ticino, on the border with Italy, conceived Ticinocoin (TIC) as a means of keeping value circulating locally, Finextra reports. “Regional virtual currency based on the blockchain technology is expected to stimulate the local economy offering faster, more transparent and less expensive transactions,” it writes. However, Michele Fiscalini, one

    This Swiss Canton Now Has Its Own Cryptocurrency Awaiting Approval

    | 2017/02/22 3:00 am
  • Bitcoin privacy may be reduced with the launch of QLUE alongside other deanonymization tools used to trace Bitcoin transactions and reveal user identities. QLUE for Law Enforcement on ‘Financial Crimes’ Although Bitcoin is known for being used in criminal activities like the sale of illicit items on the deep web, its pseudonymous nature makes it less than optimal for cyber criminals. But the misconception that Bitcoin is untraceable is a common one and it’s often still referred to as

    QLUE Wants to Unmask Bitcoin Users Committing ‘Financial Crimes’

    | 2017/02/21 11:00 am
  • BTC price rose higher after positive news regarding the SEC and its new regulations that are expected to boost small Bitcoin businesses. Building on ‘Productive Relationship’ A memorandum of understanding (MOU) between the US Securities and Exchange Commission (SEC) and the North American Securities Administrators Association (NASAA), signed Friday, will see the two bodies share information related to ensure new crowdfunding regulations are effective for small businesses. The new rules will make it easier for

    New SEC Agreement Pushes Bitcoin Price Higher to $1,100

    | 2017/02/21 5:00 am
  • 2017 is a great time to be invested in the world of decentralized digital currencies. Bitcoin is up almost $100 USD so far this year, Ethereum is up over 60% and Dash has doubled in market value. Even discredited online Ponzi scheme OneCoin is doing so well that they are about to “go public.” OneCoin Going Public? The list of governments and central banks and regulators who have warned the masses to avoid spending any

    Blueprint to a Digital Scam: OneCoin Prepares to ‘Go Public’

    | 2017/02/20 2:00 pm
  • LocalBitcoins has recorded an exponential 1,200% surge in China trading since the country’s exchanges started reacting to pressure from the People’s Bank of China (PBoC). 36 Million Yuan Per Week and Counting The week ending February 18th was the best on record for the peer-to-peer marketplace, which registered a global high of over $24 million USD in transactions. The Chinese market, until just a few weeks ago practically dormant, saw a giant 36 million yuan

    LocalBitcoins Trading Up 1,200% in China Since PBoC Clampdown

    | 2017/02/20 7:30 am
  • If the SEC approves the Bitcoin ETF in March, the money floodgates into Bitcoin will fly wide open and Bitcoin price is expected to skyrocket. But regardless of what the decision may be, you can expect a trading frenzy either way and here’s how you can play it. SEC to Decide on Bitcoin ETF A decision by the Securities and Exchange Commission (SEC) whether to approve the Winkelvoss Bitcoin ETF (COIN) is scheduled for Saturday, March 11th. SEC controls

    How to Profit from the SEC Decision on The Winklevoss Bitcoin ETF

    | 2017/02/20 4:00 am
  • Bitcoin’s transaction volume for 2017 has increased 55% as optimism and dissatisfaction with fiat alternatives fuel investment and trading. Bitcoin’s Sustainable Growth Figures republished by ARK Invest’s product lead Chris Burniske show impressive yet sustained growth in volume compared to the 2015-16 jump of 118%. Just updated: #bitcoin transactional volume in 2017 has been $260M per day, $180K per minute. Up 55% from 2016, which was up 118% from 2015. pic.twitter.com/a8Z62iNzr7 — Chris Burniske (@ARKblockchain)

    Bitcoin TX Volume Up 55% as Grexit Looms Again

    | 2017/02/19 7:00 am
  • After buying up digital currency transfer company PayCash, Daimler has signaled it may use digital currency to build up its presence in Africa. Daimler: ‘Clear Signal Of Further African Growth’ The continent is providing huge demand for transport networks, yet businesses are continually faced with financing problems, the vehicle giant told industry magazine Autconomy this week. “We are already present in over 30 marketplaces in Africa and are still expanding both our product range and

    Daimler May Use Bitcoin to Finance Africa’s Transport Demands

    | 2017/02/18 10:00 am
  • The United States Senate has successfully confirmed U.S. Representative Mick Mulvaney (R – S.C.) to be President Trump’s Budget Director on Thursday after a close and contentious vote. Mulvaney was confirmed to lead the White House Office of Management and Budget by a vote of 51 to 49, according to the New York Times, narrowly making the cut over a unified front of Democrats. The Trump administration has already had some close calls, with their

    It’s Official: ‘Bitcoin Congressman’ Mulvaney is U.S. Budget Chief

    | 2017/02/17 12:00 pm
  • The number of Bitcoin ATM’s has surpassed 1,000th, a milestone in the history of Bitcoin that marks the continued growth of its infrastructure across the globe. Bitcoin Hits 1,000 BTM’s Today, CoinATMRadar celebrates the submission of the 1,000th Bitcoin ATM on their website. A significant moment for the website that tracks the presence of these machines worldwide, but even more so for the Bitcoin community in general. The current number of Bitcoin ATM’s currently stands at 1,002, according

    Achievement Unlocked: Bitcoin Surpasses 1,000 ATMs Worldwide

    | 2017/02/17 9:00 am
  • Bitcoin Unlimited is under suspicion this week following a sudden instant surge in the number of its nodes, leading commentators to question its authenticity. Charlie Lee: ‘It’s Obvious’ Commenting on statistics from Coin Dance republished on Twitter, Litecoin creator Charlie Lee stated that the 200 or so additional nodes, which appeared last week, did not point to genuine new users. “The vertical bar makes it obvious. 200 new real users don’t spin up nodes at the exact

    Bitcoin Unlimited’s 200 New Nodes’ Authenticity Falls Under Suspicion

    | 2017/02/17 7:00 am
  • Both DASH and MaidSafeCoin have set new market cap highs in the past 24 hours, joining Ethereum’s 2017 price record as investors flock to altcoins. DASH & MaidSafe’s Favorable Tradewinds DASH, an anonymity-focused coin launched in 2014, achieved its highest ever market cap of $139.6 million, data from Coinmarketcap shows. Its price is also steadily increasing, with the $20 level firmly in sight. This takes DASH to the sixth-highest cryptocurrency market cap overall. Just two places lower, however,

    DASH, MaidSafeCoin Hit Record Highs as Altcoins Get Vogue

    | 2017/02/16 4:00 am
  • Chainwashing is the perfect term, coined by R3’s Tim Swanson to describe the current “Blockchain, not Bitcoin” hype that is hopefully nearing its peak.  Peak Blockchain Hype? There is a lot of hype around Blockchain or Distributed Ledger Technology (DLT) today. According to a new survey by Synechron among 200 financial services business and IT decision-makers across the US, UK and Europe, over two-thirds (67%) of companies in the industry are actively pursuing blockchain initiatives. Moreover, 94%, believe that key leaders

    97% of Blockchain Startups are ‘Chainwashing’ – R3’s Tim Swanson

    | 2017/02/15 12:00 pm
  • In July of 2015, the world was introduced to Ethereum, and the altcoin market hasn’t been the same since. So what’s has the world’s second most popular cryptocurrency been up to lately?  Ethereum’s Quick Rise to Fame There was a time, let’s call that time, “2015,” when the Bitcoin ecosystem wondered aloud “When is there going to be an altcoin worth a damn?” Funny that we asked that because, in July of 2013, and officially launched in

    Make Ethereum Great Again: How ETH Could Go Mainstream in 2017

    | 2017/02/15 9:00 am
  • North Dakota remains undecided whether to regulate cryptocurrencies as legislation is passed and rejected by various state committees. Controlling ‘Online Currencies’ A bill advocating a study be made as to whether various businesses need a license to deal in crypto passed the State Senate. However, a House committee gave it a unanimous “do not pass” recommendation, local news resource KFYRTV reports. While it is likely the study will go ahead, the bill originally contained much

    North Dakota Lawmakers Dither on ‘Online Currencies’ Regulation

    | 2017/02/15 3:00 am
  • As Chinese exchanges put BTC withdrawals on hiatus, LocalBitcoins is seeing new all-time trading highs – and not just in China. New Trading Highs Around The World The knock-on effect of investors flocking to the peer-to-peer marketplace is seemingly creating unprecedented demand in markets such as Canada, Chile, Colombia, New Zealand, Saudi Arabia, Sweden, Mexico, Turkey and, of course, Venezuela. In fact, global P2P trading on LocalBitcoins has been seeing a continued upwards trend across the board.  The

    Not Just China: P2P Bitcoin Trading is Also Soaring in These 9 Countries

    | 2017/02/14 4:00 am
  • Bitcoin supporter Mark Calabria from the Cato Institute has been selected to serve as Chief Economist for Vice President Mike Pence. Bitcoin-Supporter to Advise Mike Pence The Vice President of the United States, Mike Pence, has selected a well-known libertarian and Bitcoin advocate, Mark Calabria, as his chief economist. Having also previously worked for the Senate Banking Committee, Calabria is best known as the former director of financial regulation studies at the Cato Institute. He is also an

    VP Mike Pence’s New Chief Economist is a Bitcoin Supporter

    | 2017/02/13 8:00 am
  • Bitcoin has beaten the world’s biggest tech companies including Facebook and Google on annual returns since 2012 as analysts eye its long-term investment potential. Bitcoin Annual Returns Top Facebook 8 Times Over According to figures republished by ARK product lead Chris Burniske, Bitcoin has provided a 212% compound annual return on investment since Facebook’s IPO five years ago. By comparison, Facebook itself has generated just 27.1% returns. Amazon managed 31%, Netflix a more solid 72.7% and

    Bitcoin Annual Returns Beat Facebook, Google By 800%

    | 2017/02/13 3:00 am
  • As the debate on segregated witness (SegWit) rolls on, Bitcoin Think editor Beautyon has hit out at critics of the technology, in particular, the Digital Currency Group (DCG). DCG A ‘Reckless Group’ In a lengthy Medium post Sunday, Beautyon stated opposition to SegWit was an example of “computer illiteracy.” He also said the DCG’s recent post titled “Scaling Bitcoin: Reflections from the DCG Portfolio” “exemplifies the problem very well” and that the group itself was

    ‘Dangerous, Reckless’: DCG’s SegWit Reflections Get Tepid Response

    | 2017/02/12 2:00 pm
  • The more the world takes a serious look at Bitcoin, the more impressed they are by it. Governments and banks around the world are piggybacking off of its success to update their business models. Yesterday, another financial analyst sang the praises of Bitcoin’s future economic value. Financial Analyst, Yves Lamoureux: $25K the End Target Yves Lamoureux, president and chief behavioral strategist of macroeconomic research firm Lamoureux & Co., wrote a piece that was featured in

    Bitcoin Will Be Worth $25,000 or More – Financial Analyst

    | 2017/02/11 11:00 am