Bitcoin

By: Benscha
Posted: Sunday, April 17, 2016 - 00:41

German Fidor Bank brings Bitcoin to mainstream banking and expands overseas.

By: Benscha
Posted: Sunday, April 17, 2016 - 00:34

IBM-expert is bullish on Bitcoin: “This is a field where you truly have to be interdisciplinary to make progress.”

Richard Gendal Brown is IBM’s-architect on innovation in banking and financial markets. In a Finextra interview he talks about the future of Bitcoin.

By: Benscha
Posted: Sunday, April 17, 2016 - 00:45

The new finance minister of Greece outlined in a detailed blog post, how a Bitcoin-like virtual currency could be used to get around the ECB’s monopoly on money creation.

By: Benscha
Posted: Monday, April 18, 2016 - 16:31

An event to be held by the Society for Worldwide Interbank Financial Telecommunication (SWIFT) next month is set to include a panel of payments and cryptocurrency professionals.

Taking place in New York, the Business Forum panel will discuss cryptographic protocols and their potential impact on correspondent banks, those that provides services to other financial entities.

By: Benscha
Posted: Monday, April 18, 2016 - 16:37

Singapore-based bitcoin startup CoinPip is one of 10 technology companies selected by a government agency to represent the country at this year’s South by Southwest (SXSW) event in the US in March. Notably, this is the first time a national government has shown such support for bitcoin enterprise development.

By: Benscha
Posted: Monday, April 18, 2016 - 16:42

Cryptography protects basic privacy rights of Bitcoin owners. Digital money has a potential for criminal misuse – just like paper money. Therefore, regulators and bank’s compliance officers are concerned about the anonymity that comes with plain cryptographic transactions.

By: Benscha
Posted: Monday, April 18, 2016 - 16:48

A site called http://www.YesToBitcoins.com allows for the purchase of gift cards with bitcoins, similar to eGifter and Gyft. In addition, YesToBitcoins comes with the ability to pay all Canadian credit cards in bitcoins. 

By: Benscha
Posted: Monday, April 18, 2016 - 16:52

Currently, there about 280 Bitcoin ATMs worldwide. This number was reached in less than a year. Some Bitcoin enthusiasts compare Bitcoin ATMs with bank ATMs but forget to mention that there are more than 2 million of them available worldwide. It took 40 years to arrive at this impressive number. Rome was not built in a day.

By: Benscha
Posted: Monday, April 18, 2016 - 16:57

In case you still believe cryptographic means of payment (e.g. bitcoin) is dangerous:

By: Benscha
Posted: Monday, April 18, 2016 - 17:00

The idea of using a durable light-weight substance as evidence of a promise to pay a bearer on demand originated in China during the Han Dynasty in 118 BC, and was made of leather.

By: Benscha
Posted: Monday, April 18, 2016 - 17:04

Will people’s trust towards digital currencies dramatically increase in the future? 

By: Benscha
Posted: Monday, April 18, 2016 - 17:06

The National Assembly of Ecuador has effectively banned bitcoin and decentralized digital currencies while establishing guidelines for the creation of a new, state-run currency.

By: Benscha
Posted: Monday, April 18, 2016 - 17:08

Voices of Liberty’s Joe Gressis speaks with economics professors George Selgin and William J. Luther, and cryptocurrency enthusiasts Andreas Antonopoulos, Amanda Billyrock and Mark Friedenbach regarding the the future of money and how cryptocurrencies could affect the global landscape.

By: Benscha
Posted: Monday, April 18, 2016 - 17:28

Richard Gendal Brown, IT-Architect for IBM UK in charge for innovation in banking and financial markets, discusses why the payment card system works the way it does – and why Bitcoin isn’t going to replace it any time soon.

By: Benscha
Posted: Monday, April 18, 2016 - 17:12

With advent of new digital currencies such as Bitcoin, their acceptance rate is growing rapidly with each passing day. People are even starting to use bitcoins not only for online purchases, but also in the offline world. For example, in many places you can now pay for a hotel room or cup of coffee in a café with bitcoins. According to coinmap.org, there are currently around 5,000 offline places where you can spend your bitcoins, and that number is quickly growing. Bitcoin software development is also moving forward by leaps and bounds, with many different wallet applications available today. 

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