Čvn 14

Industry Report: Bitcoin Continues Breaking Boundaries

Source: bitcoin

Bitcoin Industry Report

Coinbase and and Coinfabrik join forces, Jaxx integrates with ShapeShift, and more bank heists may be on the way. Want to see what you’ve been missing? Take a look at some of this week’s Bitcoin news below.

Also read: Industry Report: Bitcoin Trading Grows, But Security Gets Weaker

BANK SECURITY

Banks are once again being warned of potential cyber-attacks. This time, the warning comes in light of the hacks that occurred within banking institutions tied to the Swift network, whom US regulators claim cannot do enough to protect its partners.

The US Federal Financial Examination Council is warning all banks that the time has come to take matters into their own hands, as more cyber-attacks are imminent, and little can be done about them.

This is particularly rough news to smaller banks, who usually don’t bear the budgets or other necessary means to block their vulnerabilities from malicious parties. The Swift platform is doing all it can to stop these vulnerabilities from being exposed, but this is likely to take some time, and banks are being warned to keep their eyes and ears open for anything that may appear suspicious.

COINFABRIK AND COINBASE BREAK BITCOIN’S LANGUAGE  BARRIERS

What prevents business relations among men? Cultural differences, maybe? What about currency exchange rates? While these two items certainly have a hand in the arena, language barriers can also get in the way.

CoinFabrik and Coinbase are now joining to potentially solve this problem, and allow all users of cryptocurrency to partake in its pleasures.

Coinfabrik is a cryptocurrency design and consulting firm. Presently, they are bringing a new Coinbase API to light that can be translated into up to 26 different languages, including Android, Javascript, and others.

The new API is slated to bring further Coinbase support to users in both short-term and feature-length versions.

JAXX

The Jaxx wallet is integrating itself with ShapeShift, allowing users to convert between Bitcoin, Ethereum, and DAO without strain.

All three currencies are supported via Jaxx’s wallet, and now users can take advantage of all of them. Everyone owning the latest version of the wallet will have this trait available. The wallet is presently available for all primary computer operating systems, along with Android, Chrome, and Firefox. Apple is also slated to present its version in due time.

Know any stories that deserve to be included in our special Industry Report series? Post your thoughts and ideas below!


 

Images courtesy of Twitter, eagless.com, cointelegraph.com

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Čvn 03

Industry Report: PayPal Gets Into the Bitcoin Game

Source: bitcoin

Bitcoin Industry Report

Paypal says “yes” to digital currency; content creators may find themselves getting rich; and Russia is the world’s latest cyber-attack victim. Want to catch up on your digital currency news? Take a look below and see what you’ve been missing.

Also read: Industry Report: The USPS Does Digital Currency

PAYPAL

PayPal has filed a patent for a new device that will allow for the acceptance of digital currency.

The e-payment network has long hinted at a possible relationship with bitcoin, but several weren’t sure if purchasing bitcoins through PayPal’s platform was as far as the relationship would go. Happily, this doesn’t seem to be the case.

The patent describes the application states:

“The module includes a chassis which has a modular device connector. A payment database in the chassis stores funding source information and security information.”

The patent also describes a payment card possessing a digital currency wallet, virtual memory and instructions designed to aid users in configuring their wallets with respective machines and technology, and hardware processors linked to the card.

SATOSHIPAY

Micro-transactions conglomerate SatoshiPay is releasing a new API, which can be integrated into several different websites and online platforms.

Its purpose – to give content creators a new opportunity to receive funds through nanopayments from those who visit their pages.

It’s not always easy finding revenue in the field of content creation, and SatoshiPay is aiming to change that.

CEO Meinhard Benn explained:

“We have been delighted by the response we’ve received from the developer community, and we’re excited to announce the API. Our mission is to enable developers to use SatoshiPay for any kind of digital product or service they want to implement nanopayments into. We believe this will enable us to significantly scale our reach as developers can use our system in any way they can dream. We will continue to add features frequently to support our growing ecosystems of developers and partners.”

RUSSIAN BANKS

What would digital currency news be without a hacking story? Six Russian banks (including international mega-bank Metropol), are now short nearly $30 million USD due to the efforts of what some are labeling a large hacker collective, and thus far, about 14 separate arrests have been made.

The string of attacks allegedly took place between March and April 2016 and occurred through the distribution of malware known as Lurk, a banking Trojan that has proven to be quite dangerous when in criminal hands.

This last year hasn’t been particularly kind to Russian financiers. Since mid-2015, about 18 separate incidents have occurred, resulting in approximately 3 billion rubles stolen. Authorities have made several investigations and arrested 50 individuals since that time.

Know of any stories that should be included in our weekly industry reports? Let us know by posting your comments below!


Images courtesy of almudenamilianishop.com, satoshipay.io, rferl.org.

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Čvn 02

Telegram with Bitcoin integrated by StartChat Tech now available on apple app store

Source: bitcoin

Telegram with Bitcoin integrated by StartChat Tech now available on apple app store

Disclaimer: This is a press release. Bitcoinist is not responsible for this firm’s products and/or services.

StartChat combines the backend encryption of Telegram with the convenience of 2-click Bitcoin transactions and wallet currencies conversions display such as $USD, EURO, GBP, Ruble, Yen.

– Apple Touch ID and Pin Code as security feature.
– No wallet info needed to send bitcoin transactions to contacts.
– Its user-friendly and automated, just like sending a picture.
– For a new user unfamiliar with cryptocurrency, this app is the easiest way to receive bitcoin.
– No experience or knowledge required about wallets.
– Our startchat technology has automated the process making it userfriendly for mainstream users.

Celebrating our launch we have a $100 monthly airdrop for 1 lucky StartChat user for a year.

Why use StartChat?

– Able to send and receive money from anybody in the world in a matter of seconds.

– Coins received alert sound & message!

– Wallet currencies conversion display: USD,EURO,GBP,Ruble,Yen

– Security: Apple Touch ID & PIN Code

– Secure: Developed on the backbone of the most reliable open source encrypted messaging service Telegram.

– Secret Chat: Self destruct timer and end-to-end encryption.

– Receive & Send: bitcoin with 2 clicks, no wallet info needed.

– Secure wallet: only you have access to your wallet & private keys.

– Immediate: bitcoin transactions are fast and simple.

Twitter: @Start_Chat

Website: StartChat.org

Apple app store link below, Enjoy!

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Kvě 26

Bitcoin Rises, But What Will Happen in July at the Halving?

Source: bitcoin

Bitcoin halving

Bitcoin is back up! Since our last price piece and Ether’s rise to the top with arguably the largest crowdsale in history, bitcoin has grown by about $9 in price and is getting people excited once again.

Also read: Ether to Blame for Bitcoin’s Decline?

As with all ascensions, bitcoin enthusiasts are coming out of the dark with smiles on their faces and happily telling skeptics, “We told you so.” For a while, it appeared as if Ethereum was going hog the spotlight. A crowdfunding campaign that manages to raise nearly $200 million is certainly something worth noting, but in the end, bitcoin couldn’t be kept down.

How Will Bitcoin Fare Heading Into the Halving?

But how long will it last? As one source states, bitcoin production is scheduled to be cut in half starting in July. Naturally, this is bound to affect the price, but in what way, and by how much?

Some say the sky’s the limit. According to Gil Luria, a Webbush Securities analyst who covers the Bitcoin investment vehicle GBTC:

“There’s always a lot of factors in the price of Bitcoin, but all those things being equal, [the halving] should help the price go up, if for no other reason than of the rule of economics… It’s a function of the intersection of supply and demand, and the halving literally means there will be less [new] supply every day.”

In other words, this could be just the thing bitcoin needs to stay on top for good. After all, a scarce item is likely to hold more value than one that is plentiful or common.

But others aren’t entirely convinced. In fact, one of the big problems expected from the halving is the fact that miners will possibly have to deal with potential drops in profitability.

Miners are responsible for keeping transactions going on the blockchain. Often, these miners receive incentives based on the number of transactions they oversee. With fewer transactions set to take place, you can bet some of those incentives will disappear, which could ultimately lead to a disgruntled work environment among present members of the digital mining sector. Unless the bitcoin price doubles in a short time, bitcoin miners could see quick and massive drops in revenue.

Furthermore, if miners become fed up with the lack of financial security and exit the mining arena permanently, we’re likely to see blockchain security compromised over time. The primary fear is that transaction limits will be hit, leading to lost faith and ultimately, the coin’s final days.

While thoughts are running wild, one thing can be labeled as marginally true, at least for the time being: we don’t know what’s going to happen. Whether bitcoin doubles in price or doesn’t go anywhere at all, there’s no way to predict where digital finance will go. The halving is on its way, and there’s not much we can do to stop it. What we can do, however, is accept the changes that are likely to occur starting mid-July, and do our best to adapt and keep our favorite digital coin (and ourselves) afloat.

What do you foresee happening when the halving takes place? Post your comments below!


Images courtesy of insidebitcoins.com, jefflau.net.

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Kvě 25

Deloitte Blockchain Lab in Dublin Will Create Fifty Jobs

Source: bitcoin

Bitcoinist_Dublin Blockchain Lab

Blockchain technology is captivating audiences all over the world, and Deloitte wants to bring even more attention to this industry. The company unveiled its plans to create a new European blockchain lab in Dublin, which brings fifty new jobs the region as well.

With so many companies all over the world exploring the boundaries of blockchain technology, more dedicated research labs are more than welcome. Accountancy firm Deloitte has been thinking along the same lines, and they will be rolling out a new blockchain technology lab in Dublin over the next 18 months.

Deloitte Launches Blockchain Lab

This initiative will bring fifty jobs to the table by the time this hub is fully operational, and the blockchain lab will house a mix of developers and designers. In the end, the goal is to come up with new proofs of concept, and eventually turn some of them into functioning prototypes. Deloitte also mentioned how they plan to target Europe, the Middle East, and North Africa with these projects,  which is quite exciting.

Deloitte Ireland managing partner Brendan Jennings told the media:

“We are proud that Ireland has been chosen as the location for this lab. Not only was the strength, expertise, and proven capability of the Deloitte Ireland blockchain team recognised, but the proximity to the headquarters of many global technology companies, our strong focus on innovation and R&D, and the support from governmental institutions, academia, and the local FinTech industry were all key factors in securing this investment.”

It is kind of interesting to note how the Irish Minister for Jobs, Enterprise and Innovation O’Connor admitted how the blockchain technology industry has been a “powerhouse’ over the past few years. In fact, she welcomes the Deloitte blockchain lab, as this technology has brought many new jobs to the region already, and this new initiative will keep the trend going.

Bringing this initiative to Ireland is an endorsement of the technical expertise available in the country. Rather than choosing London or the US, Deloitte is very confident Dublin has the potential to become one of the new hubs for blockchain innovation and development. Additionally, the blockchain lab will complement the existing and developing professional services firms active in the country.

What are your thoughts on Deloitte bringing a blockchain lab to Dublin? Let us know in the comments below!

Source: Irish Times

Images courtesy of Deloitte, Shutterstock

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Kvě 24

Tim Cook: “Coding Needs To Be A Part Of Education”

Source: bitcoin

Bitcoinist_Coding Education

The topic of coding has been kicked around several times, as there is no dedicated educational program in place which teaches codes how to code. Apple CEO Tim Cook feels there is a growing need for such a platform, as it is equally as important as learning a secondary language.

Also read: Blockchain-based Remittance App AirPocket Comes To Latin America

Coding At A Young Age Needs To Be Stimulated

Earlier today, Startup Fest was kicked off in Amsterdam, and Apple CEO Tim Cook was one of the prominent speakers for the day. It did not take long before he touched upon the subject of stimulating children to learn coding at a very early age, and how schools need to develop an educational course on programming.

Tim Cook explained his vision for education as follows:

“Software development should be a mandatory class. We need to invest in the educational system, and people who can teach young kids how to code. We can’t expect our children to learn coding overnight, as they will need the proper guidance and environment to do so. Children aged nine to ten are the perfect demographic for stimulating an interest in coding and programming.”

This is quite an interesting statement, considering the educational system has not scaled well with the Information Age we live in right now. The methods of passing on knowledge have not changed much over the past thirty years, and children are not being prepared for the future that awaits. Coders are in high demand already, and it is expected that demand will only continue to grow.

Tim Cook also mentioned how there are plenty of opportunities for iOS developers in the enterprise sector. Most employees of big companies use their smartphone for emails and browsing the Internet, because there is a lack of enterprise apps.. The number of iOS apps for the enterprise sector is still relatively small, and Apple sees a lot of opportunities in this segment.

It is impossible to deny the educational system will need to change sooner or later. Coding has become a part of our society, and we need to prepare future generations for the challenges that await. Not everyone will take a liking to coding, and there is nothing wrong with that. But education needs to evolve over time, and it has failed miserably in doing so over the past few decades.

What are your thoughts on sparking an interest in coding at a young age? Let us know in the comments below!

Source: Tweakers (Dutch)

Images courtesy of Tim Cook, Shutterstock

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Kvě 24

Blockchain-based Remittance App AirPocket Comes To Latin America

Source: bitcoin

Bitcoinist_Remittance

Blockchain technology has a lot of potential to disrupt the financial sector, and DigitalX is one of the companies wielding the blockchain for remittance purpose. Now that the company has inked a deal with Telefonica in Latin America, AirPocket will be coming to that region very soon.

Also read: Lisk Expands Team Heading Into May 24 Launch

People active in the world of cryptocurrency and blockchain will have heard of DigitalX before, as the company wields distributed ledger technology for financial purposes. Through its AirPocket mobile app, anyone in the world can become a remittance provider, which established a peer-to-peer network of money transfer agents.

Bringing AirPocket to the masses has been a challenge for DigitalX, though, but the company recently partnered with Telefonica in Latin America. Telefonica is the leading Latin American telco, and this new partnership will ensure the DigitalX mobile app will make its way across the entire continent over the next few months.

Blockchain Remittance Through AirPocket and DigitalX

According to DigitalX founder and executive chairman Zhenya Tsvetnenko, the deal with Telefonica is the first of many global partnership announcements. Keeping in mind how DigitalX takes an 11% commission for every AirPocket transaction, bringing this solution to the rest of the world is of the utmost importance.

AirPocket is often touted as being the “Uber of remittance”, as it leverages the sharing economy principle. Additionally, by using a blockchain to complete these transactions, DigitalX has a working example of how this technology can disrupt the financial sector on a large scale while making the process more convenient for its users.

Zhenya Tsvetnenko continued by stating:

“The Telefónica partnership is transformational for our company, and I am not only talking from a revenue opportunity perspective. The fact is, this deal puts our emerging technology company on the global stage and cements our position as a first mover in providing a blockchain application of commercial scale.”

This is a significant partnership between DigitalX and Telefonica, which goes to show AirPocket and its underlying blockchain technology hold a lot of merit for the future. Transferring cash and digital funds between users in a secure and timely fashion is something a lot of consumers have been looking for, and the solution will be coming to Latin America soon.

What are your thoughts on this partnership? Will AirPocket help put blockchain technology on the map in the financial sector? Let us know in the comments below!

Source: The Australian

Images courtesy of Shutterstock, AirPocket

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Kvě 22

Money Demystified: How the Blockchain Offers Financial Safety

Source: bitcoin

bitcoin blockchain

Despite eight years revamping the world of finance, digital currency is still getting a bum rap. Indeed, we can acknowledge the fact that Bitcoin and the blockchain has thus far held a rather short life and faced excessive negativity and competition from traditional financiers, but is that enough to lessen its accomplishments?

Also read: Bitcoin Price Stays Put, Can Traders Finally Relax?

Since coming to fruition in 2008, Bitcoin has practically rewritten the way we think about money. It has overcome a number of false “death reports” and risen to a value equaling several hundred in USD. Among the major merchants accepting bitcoin are Microsoft, Overstock.com, Expedia, Dell and Dish Network. Even charities such as Greenpeace and the Mozilla Foundation have welcomed bitcoin with open arms, and the number of retailers allowing bitcoin as a payment method grows on a daily basis.

And yet, many people can’t seem to read the news or look at Bitcoin without feeling nervous and jittery, but are such feelings based in reality?

Nothing can be classified as “perfect,” and virtual currency is no exception, but to claim that digital currency and the blockchain are terribly dangerous is also inaccurate. The blockchain is often regarded as the safest and most convenient method for performing financial transactions, and here’s why:

Making Money Easier With the Blockchain

The blockchain is special because it allows users to send and receive funds electronically, thereby eliminating any third-party fees. According to Angela Ruth, the blockchain can replace the middle-man and provide a “payment alternative” that can potentially protect buyers and sellers from payment scams, assuring that everyone receives what they’re rightly owed. The system provides an unbeatable form of security, as information between buyers and sellers is shared within “tamper-proof public ledgers” which ultimately make it difficult for scammers to double-spend or provide counterfeit funds.

As stated in The Economist, “mathematical scrambling” is initiated to stimulate an original information code known as a “hash,” and any attempts to fumble around with the blockchain are noticed quickly as no hash is the same. The blockchain contains a public ledger that validates transactions on a global scale, not just in certain areas. The transactions are backed by several computers, and the system is decentralized, which creates an environment that’s impossible for one person to manipulate. Double-spending and counterfeiting are easily avoided, and top-level users are prevented from price gouging or falsifying financial statements. Through the blockchain, transactions are carefully monitored and recorded, and problems encountered through traditional finance are often stopped long before they can begin.

The birth of Bitcoin has paved the way for relatively other cryptocurrencies to follow in its stead. Together, they create a monetary system designed to aid in financial independence and enhance user safety and prevent the release of private information. They also bring the advantage of speed. Through platforms like GameCredits, transactions occur via blockchain-oriented codes. Aside from its relative ease and comfort, one of the main benefits of GameCredits is that users don’t have to wait extended periods of time to attain the funds they’ve earned. By merely opening an account, users obtain their money quickly and safely without the risk of having personal or private information forwarded to third-parties or other entities usually involved in traditional transaction methods.

If you’ve been keeping up with the news lately, the words “Panama Papers” should ring a giant bell. By way of the Mossack Fonseca law firm in Panama, the confidential papers are now disclosing hundreds of figures ranging from politicians and world leaders to athletes and celebrities (we’re talking to you, Emma Watson) tied to offshore accounts for the alleged purpose of concealing wealth from regulators and creditors alike. As explained above, the blockchain can potentially put an end to such activity through its real-time recording techniques, so why are the blockchain and the world of cryptocurrency often demonized when it comes to financial prowess?

The answer is that many of us simply don’t understand the “magic behind the walls,” so to speak. Many people freely admit that they have no idea what the blockchain or digital currency is while others bear only minimal knowledge of one or both subjects. As our technology changes, however, our financial system will undoubtedly strive to keep up, and perhaps shortly, monetary scams and deviations from legality can finally be labeled as embarrassing moments of a shaky and ambitious past.

Are cryptocurrencies all they’re cracked up to be? Post your thoughts and comments below!


Images Courtesy of Warranteer, bitcoinlasvegas.net, extremetech.com, es.onlinegames.credit.

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Kvě 16

Onename Parent Company Is Now Known As Blockstack Labs

Source: bitcoin

Bitcoinist_Rebranding

Bitcoin and blockchain enthusiasts may recall an application called Onename, which was built on top of the identity- and storage-providing blockchain platform called Blockstack. In an announcement earlier today, the company announced they will be changing their name to Blockstack Labs.

Also read: Amendment To Ban End-to-End Encryption Passed By Hungarian Parliament

Onename Becomes Blockstack Labs

Now and then, Bitcoin companies will go through a rebranding without affecting their customers all that much. In the case of Onename, which will keep the name as a consumer product, the parent company name will change to Blockstack Labs. Onename will continue as it has before, in the form of a Webapp and an API.

Keeping in mind how this solution is built on top of the Blockstack blockchain platform, the rebranding to Blockstack Labs seems to make a lot of sense. Moreover, the company will continue their involvement in contributing to and maintaining the Blockstack open-source software, as there is no reason to change that part of the business.

However, it is important to note Blockstack Labs is just one of the companies working on the Blockstack open-source project, as they are joined by various developers from all over the world.  With over 750 members in various countries, Blockstack has become the largest non-financial application running on the Bitcoin blockchain [based on transaction volume].

What makes Onename so appealing to consumers and enterprises is how it provides an accessible gateway to register and manage identity accounts on a blockchain. However, this market is seeing an influx of new players, including some of Blockstacks’s offerings, such as the command line interface.

The name Blockstack Labs gives the company a more professional appeal, and the team is excited about this new structure and direction for the enterprise. No changes are made to the underlying server and infrastructure, and developers are welcome to try out the Blockstack platform for themselves.

What are your thoughts on Onename rebranding to Blockstack Labs? Let us know in the comments below!

Source: Onename

Images courtesy of Shutterstock, Onename

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Onename Parent Company Is Now Known As Blockstack Labs

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Kvě 04

Credits Brings Blockchain-as-a-service To UK Public Sector

Source: bitcoin

Bitcoinist_Skyscape Cloud Services

Over the past few months, there have been some minor headlines regarding the UK government looking closely at blockchain technology. Credits has announced their strategic partnership to deliver blockchain-as-a-service to the UK public sector.

Also read: Crypto Valley In Switzerland Now Accepts Bitcoin For Train Tickets

Credits Delivers BaaS to UK Public Sector

The name Credits may ring a bell among blockchain aficionados as they are one of the blockchain infrastructure providers in the world. Their bread and butter is helping organizations in building robust blockchains focusing on authentication, reconciliation, and provenance. Moreover, the Credits blockchain solution is interoperable with existing legacy systems and other blockchain providers.

Now that this company has partnered with Skyscape Cloud Services Ltd, the blockchain will be brought to public sector organizations in the UK. But this will not be done in the traditional sense, as the partners roll out blockchain-as-a-service, giving government services complete access and freedom as to how they want to integrate this technology to complete day-to-day operations.

It is not the first venture for blockchain provider Credits in the public sector, as they have been working together the with Isle of Man Government on various initiatives. In fact, they developed the first-known government service running on the blockchain, a feat which has attracted a lot of attention from other governments around the world.

Nick Williamson, CEO, and founder of Credits, told the media:

“We’re seeing a growing number of organisations across industries beginning to explore how blockchain technology can help to streamline or modernise operations, or allow them to offer new, compelling services, and are thrilled to bring Blockchain-as-a-Service technology to the UK public sector in collaboration with Skyscape.”

Combining the blockchain-as-a-service business model by Credits with the assurance and security credentials provided by Skyscape will be quite an interesting project, to say the least. In this Information Age, the digitization of services need to pick up the pace, and collaborations like these seem tailored towards making that happen.

What are your thoughts on this blockchain-as-a-service model for the UK public sector? Let us know in the comments below!

Source: Press Release Via Email

Images courtesy of Credits, Skyscape

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Credits Brings Blockchain-as-a-service To UK Public Sector

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