Crypto Vault, a company that focuses on cold storage for cryptocurrencies, has created “Vault Coin,” made with nickel-copper alloy with high heat resistance. Each of these coins are numbered individually so it is easy to keep track of what currency is being stored on what coin and adds a small bit of collector value. Also read: SendChat Tightens Bitcoin Security With BlockTrail Partnership In an interview with Bitcoinist, Kyle O’Brien, a founder of the company, said
The history of Bitcoin is still plagued by the Mt. Gox collapse. After allegedly losing several hundreds of millions of dollars in Bitcoin due to a hack, the exchange was forced to halt its services. A lot of people around the world have been affected by this debacle, and quite a few of them took the matter to court. As a result, it is now possible to file a claim for lost funds, in the hopes of retrieving
Blockchain.info. Surely you’ve heard of it. It’s one of the more original and long-standing organizations in the Bitcoin space; one that has had its share of negative, and positive press — an issue faced by many others in the space, too. Also read: The Future of Blockchain.info Trusting companies in the Bitcoin industry can be difficult. The constant fear of over-regulation, exchanges going belly up, internal employee theft risk, the external risk of hacks/exploits — who
Social messaging is an emerging trend on a global scale. With so many ways of communicating with other people around the world, it could prove to be an interesting way of increasing Bitcoin awareness and adoption. And there are several applications trying to merge the best of social messaging and digital currency into an easy-to-use platform. SendChat is one of those platforms, and they are focusing a lot of providing top notch security. Also Read:
News powered by Bitcoinist.net Article by Drew Cordell As a continuation of my Blockchain series, I will be covering the potential of the blockchain for the purpose of voting reformation. In order to properly cover sidechains, I need to continue to dig into the knowledge base regarding the technology to learn more about the technology before I write about it. Sidechains are a revolutionary idea for Bitcoin, and it deserves to be reported well. In this part
Ribbit.me, the first blockchain based rewards program, is beginning the launch of Marketplace.life. According to the email, sent out to users, Marketplace.life is “the first-ever p2p marketplace where buyers and sellers earn RibbitRewardes for each transaction and can transact in nearly all fiat and digital currencies”. Also Read: Interview with Ribbit.me Reward programs typically are a hassle for both the consumer as each company has their different one, and companies must pay for the costly
At this point in time, with Bitcoin becoming increasingly relevant in the mainstream, outside observers are becoming less skeptical and are now genuinely curious about the currency’s potential. They have accepted that Bitcoin’s code is strong, and arguments that Bitcoin has no “real” value are waning. Many people in the mainstream no longer question whether Bitcoin can be integrated into the global financial system, but instead speculate on how it will be integrated. Also read:
Just a few days ago, BitSpark announced that it is halting all bitcoin exchange operations. Instead, the company will be focusing all of their attention on the remittance market. Bitcoin can play an important role in the evolution of money remittance as we know it, and BitSpark feels it is the best direction for the company at this point. Also read: BitSpark Brings Bitcoin Remittances to Indonesia BitSpark Partners with BitGo And Closes Funding Round At
Currently, there are many separate bitcoin exchanges operating entirely independent of each other. These money markets are in no way interconnected with one another, which makes it rather inconvenient to trade across platforms. There are some benefits to having multiple exchanges, though, the primary advantage being the variety of features each exchange offers to suit the needs of different traders. Also read: CEX.IO Offeres Bitcoin Exchange Services to US Customers Alphapoint, a US-based technology company that powers over
In order to make Bitcoin and digital currency more appealing for customers and merchants, we need to create more use cases. And as the number of use cases grows, word gets out about how useful Bitcoin is a payment method. On top of that, merchants can reduce costs without being exposed to Bitcoin price volatility. But how do we go about creating more use cases for everyday consumers? Also read: Belgium Prepares for Ghent Bitcoincity
Bitcoin adoption can only occur once there are enough use cases for everyday consumers to consider it a valid payment method. While people can buy a lot of different goods and services with Bitcoin, it’s not suited for everyday consumers just yet. However, now that Starbucks branches in Hong Kong are accepting Bitcoin, that situation might change sooner rather than later. Also read: Things Need to Change in the Bitcoin Industry Starbucks Hong Kong and the Fold Application
Spells of Genesis is a new mobile game that combines trading cards with an arcade, similar to Magic the Gathering but with an epic style role play. The most important aspect of this game: it will use blockchain technology as well as Bitcoin for its game economy and storyline. It will be the first one to do so, making it one of the most innovative and interesting games on the scene.
In order to bring Bitcoin to as many everyday people as possible, we need to make it more accessible to both buy and sell BTC in exchange for fiat currency. Even though most Bitcoin enthusiasts would like to see the world transition to a cashless system where all goods and services are priced in BTC instead of relying on a fiat currency value, which will not happen anytime soon. But it has to be said
In an exclusive interview with Bitcoinist.net, Jim Fulner, the 2014 Libertarian candidate for the U.S. Senate from Michigan, says Bitcoin is, and should continue to be, primarily a currency that stands alone. As a staunch Bitcoin advocate, Fulner said that Bitcoin can facilitate exchange just as efficiently as any other currency. Also read: Rand Paul Vouches for Bitcoin at NY Fundraiser Event Fulner says, “I don’t foresee any time in my life that Bitcoin ceases to
In the midst of the press surrounding Netki’s recent partnership with Holy Transaction, the company also announced the launch of its new Wallet Name Service. Also read: Netki and HolyTransaction To Lower Bitcoin Barriers to Entry Netki was founded in 2014 with the immediate plan to remove barriers of entry for consumers interested in Bitcoin. By pursuing this goal, the company hopes to foster mass-market adoption of digital currencies like Bitcoin and Litecoin. A common criticism of
Cryptocurency markets have been very promising this week. Bitcoin started out at $220 and has crept up to approximately $240, making for a net gain of 9.5% for the week. Also Read: Last Week’s Market Wrap Up Volume has remained fairly level this week, currently sitting just under $18 million — a healthy sign of natural trading without whale influence. The market graph shows a “tick-tock” pattern where the price will peak, move sideways, and then peak again. After
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One of the main concerns people have regarding Bitcoin payments is the fact that you always need an Internet connection in order to broadcast transactions to the network. For most of us in the western world, this is not a problem. But in the areas where Bitcoin could do some good — like Africa, and South America — Internet connectivity is scarce, which creates an issue. bitSIM wants to make Bitcoin and blockchain transactions available to
If we want to achieve a critical mass in terms of Bitcoin some day soon, we will need a lot more use cases for everyday consumers. Despite having the option to pay bills in Bitcoin and even receive [part of] your monthly wage in BTC, neither of these services are targeting a large market where Bitcoin payments could make a difference. But that is about to change, thanks to the efforts made by Bankymoon, a
Bitcoin is a popular payment method for thousands of businesses that accept online payments. Bitcoin offers faster transactions, several orders of magnitudes cheaper transaction fees, and most importantly, no risk of chargebacks. Also read: Bitcoin Solutions in Online Gambling — Benefits for Everyone These advantages have led businesses to flock to bitcoin in droves. By opting to use a payment processor to convert their bitcoin revenue to fiat, merchants can even avoid bitcoin’s notorious price volatility.
Bitcoin company Circle Internet Financial has completed a funding round of $50 million with help from banking firm Goldman Sachs and venture group IDG Capital Partners. Circle is also updating its core services to enable the transfer and storage of US dollars, which are insured by the FDIC and not subject to bitcoin’s volatility. These functions run parallel to Circle’s existing infrastructure and expand its scope of financial services. Also Read: Wall Street and Silicon Valley
FreeBitcoins received $150,000 USD from a single investor during the first day of its crowdfunding campaign, which is 30% of the total $500k it is seeking. It claims that it is the fastest growing company in the history of Bitcoin, receiving 0 to 150,000 users in less than 30 days. Additionally, FreeBitcoins has already secured advertising partnerships with the largest Bitcoin companies. Also read: FreeBitcoins: Free Bitcoin for 1 Million People! The company claims to
Bitcoin exchanges in China are a hot topic right now, with multiple parties competing to become the top exchange in the country. While major players such as OKCoin and BTCChina are rolling out new features in order to remain competitive, a new player is coming on to the scene. HaoBTC has launched its international wallet service and aims to become the “Coinbase of China.” Also read: BTCChina and MrGekko Partnership Offers New Services Disclaimer: Bitcoinist has no