Lis 04

CoinAgenda Announces Startup Competition Winners

Source: bitcoin

coinagenda

This week, CoinAgenda organizers announced the final winners of the startup competition held at the Las Vegas conference on October 25-26.

Also read: Altcoin Report: Zcash ‘Bug’ Diminishes Privacy

CoinAgenda Startup Competition Places Blockchain Business Ideas in Front of Potential Investors

The firms participating in this competition showcased their products and services, all of which utilize blockchain technology to solve existing problems or create new experiences and business opportunities not possible without the blockchain.

Seventeen businesses competed, each giving 20-minute presentations to industry leaders and investors, including the relatively new Intellisys Capital.

Here is a list of the winners in each of the competition’s categories:

Best Pre-Crowdsale Token: GoPayWin (GoCoin)

Best Trading Token: GameCredits

Best Startup: CakeCodes

Best Ramp Up: Airbitz

Rising Star: CakeCodes

Best of Show: Airbitz

These winners will have their presentations shared among members of the BitAngels investment group, giving the startups a chance to secure new funding.

The other finalists received honorary plaques, and had the chance to network with investors attending the conference.

CoinAgenda founder Michael Terpin expressed his satisfaction with CoinAgenda’s turnout and the results from the startup competition.

“Once again, the BitAngels network allowed us to field an extraordinary group of presenters, from Australia to Europe, and our judges were impressed by the quality of not only the winners, but the entire group of presenters,” Terpin told Bitcoinist.

“As CoinAgenda expands globally, we look forward to connecting even more exciting blockchain startups with a growing wave of investors seeking out these opportunities.”

CoinAgenda has scheduled a one-day summit in Las Vegas on January 4, 2017, a day before the opening of the highly-popular CES. As part of the summit, Terpin will speak at the CES Blockchain Breakfast as part of the conference’s Digital Money Forum.

Did you attend CoinAgenda? What did you think? Let us know in the comments below.


Images courtesy of Ryan Strauss.

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CoinAgenda Announces Startup Competition Winners

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Říj 25

Money 20/20 Recap: Ethereum, Consumer Protection, Investment

Source: bitcoin

Money 20/20

On Monday afternoon at the Money20/20 Conference in Las Vegas, Ethereum lead developer Vitalik Buterin, and Don Tapscott, author of Blockchain Revolution, took center stage to speak to the groundbreaking potential of the Ethereum network.

Also read: Money 20/20: Cybersecurity Panel Praises Information Sharing to Reduce Cybercriminal Risks

Buterin started off by going over his history within the Bitcoin space, going back to when he first learned about the technology in 2011, and then his involvement in various “Bitcoin 2.0″ projects starting in 2013 and onward.

Bitcoin as a network is optimized to append the text-based list of who-has-what, Buterin said, not run complex applications on a distributed blockchain network. To answer this problem, he began creating the Ethereum network, where each node doubles as a virtual machine and can run applications on the native scripting language and cryptocurrency, called Ether.

Don Tapscott, Author of Blockchain Revolution, framed the narrative early. “The internet is entering a second era,” he said. “We’ve seen the internet of information for many days, and now we are seeing the internet of value.” As the internet evolves, traditional infrastructural technology in the financial sector needs updating to lower reconciliation and overhead costs.

Banking in the Age of Blockchain: Scalability and Immutability in Bitcoin and Ethereum

Banks are going to have to change, Buterin claimed, the technological developments in financial infrastructure are inevitable. Banks have to adopt in turn to oncoming decentralization technological pressures.

As Buterin put the ongoing struggle, “Automated contract execution has a lot of exciting applications in general.” Centralization in payments infrastructure is also a bad idea, Buterin argued, echoing, “with credit cards, this is an insane notion that to make a payment you have to give an actor your private keys.”

A major problem of  Ethereum and Bitcoin blockchains is delay times due to an increasingly costly and crowded blockchain. With realistic scalability goals around 100,000’s of transactions per second, Ethereum would need to implement their Proof-of-Stake (POS) architecture to raise from the embryonic level of 15 transactions per second currently.

When discussing the possibility of redacting data from a blockchain solution, full-immutability may not service a societally beneficial purpose. Speaking to the notion that “Code is Law” and miners will have the final say over the networks, Buterin reiterated the final say that miners have over a given network, stating, “The fact is that you can 51% attack Ethereum or Bitcoin when you get that mining power. So you need to be realistic about where these systems stand today.”

At the end of Vitalik’s interview, Tapscott asked what the future holds for banks. “Are the banks toast?” he asked.

Buterin responded, “Toast, french toast!”

Panel Recap: Consumer Protection and Blockchain

In the second panel of the day, an all-star lineup consisting of former White House executive Jamie Smith, BTCC CEO Bobby Lee, and serial entrepreneur Eric Martindale spoke to the multi-faceted nature of blockchain technology.

Security and maintenance of the decentralized Bitcoin network is what gives the system finality, the panel established. In this sense, Bitcoin holds unique benefits, because the security on the extremely computationally intensive Bitcoin network enables for a secure list of who owns what to append without opportunity for redaction or recourse.

As Lee put it, “you can’t print more Bitcoin!”

The panel also raised an industry-wide problem, where as long as customers are not holding their own keys, then the companies who are managing funds on behalf of the customers essentially become centralized entities themselves in turn.

Bitcoin is not even in its 8th year, is still very young, and yet the Bitcoin blockchain itself is open to be compromised. Mr. Martindale echoed the paradigm shifting nature of these changes, stating, “These (blockchain) changes are exponential, we need to re-evaluate everything at a deep level, if you can sign with a private key then no authority can take that (capability) away from you.”

While advances in the space are occurring rapidly, it is important to remember that blockchain technology is a double edged sword. Especially as cybersecurity attacks take on increased sophistication, the blockchain space is writing history as the industry progresses. Jamie Smith detailed use cases that BitFury is undertaking with the Blockchain Trust Accelerator, including land titling in Georgia, vaccine dissemination in developing countries, and other solutions in the marketplace that can help in solving a social good.

Still, potential for Orwellian monitoring of transactions on a blockchain needs to be approached with caution.

“Everyone in the world will have a phone, and will have wifi, and if now people can transfer a digital asset for free, then what do we do about that?  We all need to ask themselves this,” said Mrs. Smith.

At the end of the talk, the panelists were asked to predict the price of Bitcoin in one year’s time. Eric Martindale thought a 10x growth to $6,000 per Bitcoin was in reach, but Bobby Lee saw things doubling.  Jamie Smith thought that the industry could do better with branding and communication, leveraging the human spirit to explain blockchain technology and Bitcoin succinctly and accurately to a wider audience.

Money 20/20 Panel Recap: Investing in Blockchain Technology

To round out the day, a team of experienced industry investors across the blockchain space discussed the investment environment in the industry. What is starting to emerge as a Linux-type operating system — geared towards hardcore techies —  blockchain investments have a rocky track record at best. In turn, the space needs more success stories to demonstrate narratives which show success stories of real-world implementation and show the power of investing in R&D development.

Past paradigm-shifting technological changes such as the radio or internet have evolved way beyond initial use cases to realize exponential growth.  In the blockchain space, the same opportunities exist, but lots of hard work is still to be done.

In the end, however, people are the ones accessing the code. As Meltem Demirors of the Digital Currency Group put it: “People are underlying everything. People, not technology.  So we need better tools and standards around how cryptocurrency is stored and how it is exchanged. . .The user experience in blockchain today is not very friendly.”

However, panelists brought up the sheer newness of blockchain technology — which may serve to ease worries over its ease of use problem.

Over time, the emergence of the internet plays into a larger story of value transfer online functions and evolves.  Protocols for compute, storage, and verification will make up different levels of the global blockchain networks. Innovations will likely take a decade or two to develop fully and at scale, but will simultaneously add infrastructural substance to managing the industry-wide deployment of blockchain technology. Just as the, TC/IP protocol took decades to emerge, Blockchain protocols will need to be designed to both proactively and reactively handle challenges faced from regulators and scammers alike.

Matt Roszak, Founding Partner of Tally Capital, spoke to the nascent nature of blockchain technology:

“We are no where near the hype cycle on blockchain. . .20%, maybe rounding up on this. . .This is a 1000x opportunity.  We have so much to build. Think about Uber in 1997, we needed to build so many things first to have Uber in 2007.  We will need billions of dollars more in investment to move things on the rails that are blockchain”

Building equity trading directly into these protocols will enable for their proliferation. Eventually blockchains can make a huge impact and jump old tech just like mobile phones did.

Overall, the panels showed the growing interest in cryptocurrency among the wider financial services and FinTech crowd.  Blockchain and cryptocurrency remain hot topics at the event.  Coders, industry players, and investors alike are thinking along similar long term lines with a vision towards adopting blockchain technology into a wider set of walls.

It won’t be an easy ride, but discussion between industry leaders is helping to pave the path for future collaborations.

What do you think about Vitalik Buterin’s comments on Ethereum? What takeaway themes were these from the other two panels featured here? Share your thoughts in the comments below!


Images courtesy of Ryan Strauss, Ethereum.org.

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Money 20/20 Recap: Ethereum, Consumer Protection, Investment

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Říj 23

CoinAgenda Brings Blockchain Leaders to Vegas on October 25

Source: bitcoin

CoinAgenda

CoinAgenda, a highly popular fintech and investor conference, will hit the Las Vegas Strip this week on October 25 and 26. The third-annual BitAingels Global Conference will coincide with CoinAgenda,  both events bringing the biggest names in digital currency to Vegas.

Also read: Bitcoin ATM Industry Reacts to ‘Money Mules,’ Changing Markets

Both conferences are located in the Skyview Ballrooms of the Ballys Las Vegas. On Monday, October 24, organizers will host a pre-conference with a “mini-hackathon” and cocktail party.

BitAngels, the organizers of the two conferences, organizers told press that the event is “aimed at both mainstream investors, as well as experienced investors in both digital assets and blockchain companies.

CoinAgenda and BitAngels Conference Feature Industry Leaders and Promising Startups

Keeping with that theme, the conference features well known entrepreneurs and financial analysts from the blockchain community, such as Bitcoin.com CEO Roger Ver, Airbitz CEO Paul Puey, and financial analyst Tone Vays.

CoinAgenda’s sessions will center around presentations given by these industry leaders, covering topics including: “Why Bitcoin is as Important as the Internet,” and “Bitcoin Trading (
Introductory and Advanced).”

The BitAngels Global Conference focuses on startups that build blockchain products.

Alongside its keynotes and panels, the conference will have a contest where 20 startups from the blockchain industry present their products or services. The companies will be judged by leading cryptocurrency VCs and angels, who will hand out six awards in the following categories:

  • Best seed-stage startup
  • Best developed startup
  • Best blockchain startup
  • Best pre-launch cryptocurrency
  • Best post-launch cryptocurrency
  • Best of show

Last year year, ZebPay won this competition. ZebPay is an Indian Bitcoin exchange service, available as a mobile application on Android and iOS platforms.

The event, with organizers saying that it is “designed as a high-end ‘Goldman Sachs style investor conference,” will have preferred seating at both conferences, with speakers joining attendees for all meals.

Commenting on the state of the blockchain industry leading up to this year’s event, BitAngels chairman and co-founder Michael Terpin said in a press release:

“This year has been one of incredible growth in the sector, with bitcoin prices up more than 250 percent since January and appreciation in digital assets like Ethereum and Monero up more than 1,000 percent.”

The press release also cited CoinDesk’s report, State of Bitcoin and Blockchain 2016, saying that investment in bitcoin and blockchain companies rose from $2 million in 2012 to $490 million in 2015.  

Are you attending one or both of these conferences? Let us know in the comments below.


Images courtesy of Wikimedia Commons, BitAngels.

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CoinAgenda Brings Blockchain Leaders to Vegas on October 25

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Kvě 04

Coinsource Expands Reach, 7 Bitcoin ATMs Launching in Los Angeles

Source: bitcoin

Coinsource Expands Reach, 7 Bitcoin ATMs Launching in Los Angeles

LOS ANGELES, CA – May 3, 2016 – Coinsource, the National Bitcoin ATM Network, today announced its single largest installation of bitcoin ATMs to date, launching seven new machines across the Los Angeles area and two more bitcoin ATMs in Las Vegas. Coinsouce is now the largest bitcoin ATM provider on the West Coast with 16 machines in San Francisco, Silicon Valley, Los Angeles, Las Vegas, and San Diego.

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

Coinsource Expands

Four bitcoin ATMs have been installed in LA proper, with one each in Lynwood, Long Beach and Torrance. Coinsource maintains the lowest transaction fee of any major bitcoin ATM network and now has a total of 30 machines in five states across the country.

Coinsource CEO and Co-Founder Sheffield Clark said his company is expanding quickly, in concert with the growing demand for digital currency, with bitcoin now trading above $450, up from $220 one year ago.

“Our entrance into the Los Angeles area is the most important yet for both the Coinsource brand and for bitcoin enthusiasts in Southern California. The roll out of seven new machines in one go was a significant logistical achievement, but we are proud to bring so many more options for both novices and veterans of bitcoin. With more and more use-cases for bitcoin every day, we foresee a future where digital currency is used as commonly as cash or credit cards,” said Clark.

The specific locations of the machines (details below) were selected based on their high vehicle and foot traffic, parking convenience, ease of access and long operating hours of the stores in which they are located.

“The Los Angeles community finally has convenient access to Coinsource’s secure, reliable and fully compliant bitcoin ATMs. We will continue to deliver on our promise to provide Americans everywhere with the opportunity to access bitcoin.”

“We’re also excited to expand our reach in Las Vegas to four machines, with two brand new locations East and West of the Strip, covering North Las Vegas as well. When you look at our locations on a map of the West Coast and across the United States, the ink spots are really starting to grow. It’s a very exciting time for us,” Clark added.

Manufactured by industry leader GenesisCoin, all Coinsource bitcoin ATMs are open late and offer the industry’s lowest fees. Rates start at 8% and reduce with higher volume purchases.

The newest, easy-to use Coinsource bitcoin ATMs join a network of active machines distributed across the United States, from San Francisco to New York City.

For more information, visit www.coinsource.net.

LOS ANGELES BITCOIN ATM LOCATIONS

NEW! Los Angeles

LOCATION: Dale’s Liquor, 14915 Vanowen St, Los Angeles CA

HOURS OF OPERATION: 8:00 AM to 12:00 AM Midnight, 7 Days per Week

ATM TYPE: GenesisCoin 1-Way Bitcoin ATM

FEES: 8% Buy

NEW! Los Angeles

LOCATION: Norwood Market, 5070 Hollywood Blvd, Los Angeles CA

HOURS OF OPERATION: 8:00 AM to 12:00 AM Midnight, 7 Days per Week

ATM TYPE: GenesisCoin 1-Way Bitcoin ATM

FEES: 8% Buy

NEW! Los Angeles

LOCATION: Sweet Apple Deli & Grocery, 4707 S Broadway, Los Angeles CA

HOURS OF OPERATION: 8:00 AM to 12:00 AM Midnight, 7 Days per Week

ATM TYPE: GenesisCoin 1-Way Bitcoin ATM

FEES: 8% Buy

NEW! Los Angeles

LOCATION: Hope’s Liquor & Market, 2104 Beverly Boulevard, Los Angeles CA

HOURS OF OPERATION: 8:00 AM to 12:00 AM Midnight, 7 Days per Week

ATM TYPE: GenesisCoin 1-Way Bitcoin ATM

FEES: 8% Buy

NEW! Lynbrook

LOCATION: Salem Liquor, 12720 Atlantic Ave, Lynwood CA

HOURS OF OPERATION: 8:00 AM to 12:00 AM Midnight, 7 Days per Week

ATM TYPE: GenesisCoin 1-Way Bitcoin ATM

FEES: 8% Buy

NEW! Long Beach

LOCATION: Eddies Liquor Junior Market, 734 W. Willow St, Long Beach CA

HOURS OF OPERATION: 8:00 AM to 12:00 AM Midnight, 7 Days per Week

ATM TYPE: GenesisCoin 1-Way Bitcoin ATM

FEES: 8% Buy

NEW! Torrance

LOCATION: Royal Liquor, 3114 Pacific Coast Highway, Torrance CA

HOURS OF OPERATION: 8:00 AM to 12:00 AM Midnight, 7 Days per Week

ATM TYPE: GenesisCoin 1-Way Bitcoin ATM

FEES: 8% Buy

LAS VEGAS BITCOIN ATM LOCATIONS

NEW! WEST LAS VEGAS

LOCATION: 76 Gas Station, 4708 W Charleston Blvd., Las Vegas, NV 89102

HOURS OF OPERATION: 24 Hours Per Day, 7 Days Per Week

ATM TYPE: GenesisCoin 1-Way Bitcoin ATM

FEES: 8% Buy, 5% Sell

NEW! EAST LAS VEGAS

LOCATION: 76 Gas Station, 3965 E Charleston Blvd., Las Vegas, NV 89104

HOURS OF OPERATION: 24 Hours Per Day, 7 Days Per Week

ATM TYPE: GenesisCoin 1-Way Bitcoin ATM

FEES: 8% Buy, 5% Sell

CITY CENTER LAS VEGAS 

LOCATION: Ketchup Premium Burger Bar and the Miracle Mile Shops 3663 S Las Vegas Blvd. #410, Las Vegas NV 89109

HOURS OF OPERATION: 10:00 AM to 2:00 AM, 7 Days Per Week

ATM TYPE: GenesisCoin 2-Way Bitcoin ATM

FEES: 8% Buy, 5% Sell

SOUTH LAS VEGAS

LOCATION: Country Club Auto Spa, 9260 S Eastern Ave., Las Vegas, NV 89123

HOURS OF OPERATION: 24 Hours Per Day, 7 Days Per Week

ATM TYPE: GenesisCoin 2-Way Bitcoin ATM

FEES: 8% Buy, 5% Sell

###

Coinsource CEO and Co-Founder Sheffield Clark is available for interview.


Images courtesy of Coinsource.

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Coinsource Expands Reach, 7 Bitcoin ATMs Launching in Los Angeles

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