Bitcoin Latest News
Former New York State Department of Financial Services (NYDFS) superintendent Benjamin M Lawsky has said he won't advise cryptocurrency startups.
Posted on 28 July 2015 | 1:14 pm
The former superintendent of the New York Department of Financial Services (NYDFS) and the creator of the much maligned BitLicense revealed today that he’s not working in the digital currency space. “I’m doing no work in the digital currency space,” said Benjamin Lawsky at the America Banker Conference in New York City. “The rules are clear,” Lawsky explained. “I can’t work in the Bitcoin space on anything related to my work at NYDFS or BitLicense.” When Lawsky announced in May that he was stepping down, he revealed that he would be launching his own legal consultancy. The New York Post had reported that Lawsky “plans to advise companies on financial matters such as cybersecurity and digital currencies like bitcoin, a new sphere […]
The post Benjamin Lawsky: ‘I’m Doing No Work in the Digital Currency Space’ appeared first on Bitcoin Magazine.
Posted on 28 July 2015 | 12:08 pm
Payment processor Stripe has raised new funding from Visa, American Express, Sequoia Capital and other investors, valuing the company at $5 billion, The New York Times reports. The new funding comes six months after a previous funding round of $70 million, at a $3.5 billion valuation. Stripe didn’t disclose the amount of new funding, and said only that it was “less than $100 million.” American Express and Sequoia Capital were existing investors in Stripe, but Visa and venture-capital firm Kleiner Perkins Caufield & Byers are new investors, The Wall Street Journal reports. The most interesting aspect of the deal is the acquisition of Visa, one of the world’s largest credit card companies, as an investor and a partner. Stripe and […]
The post Bitcoin-Friendly Payment Processor Stripe Raises New Funding, Partners with Visa and American Express appeared first on Bitcoin Magazine.
Posted on 28 July 2015 | 11:39 am
You could hear a pin drop at the recent Toronto DEC_TECH conference as Vitalik Buterin told a standing-room-only crowd about his remarkable journey to build Ethereum – a decentralized open source peer-to-peer web-based platform – that he calls “the foundational platform for everything.” Buterin has been called a “crypto-anarchist visionary,” and at the age of 21 he has already beat out Facebook’s Mark Zuckerman to win the World Technology Prize for software development and invented the Ethereum blockchain. At the DEC_TECH event, Buterin shared his “Launch Roadmap” for the release of different components of the Ethereum project: Frontier – soon! (we now know it’s July 29/30) Homestead – 2 to 4 months Metropolis – 4 to 8 months Serenity […]
The post Ethereum Project Opens Up New ‘Frontier’ for Developers appeared first on Bitcoin Magazine.
Posted on 28 July 2015 | 11:19 am
NewsBTC to Provide Bitcoin News Services in MexiconewsBTC
news media service NewsBTC has decided to expand its operations to Mexico, a step that will enable people to access the local Bitcoin
news and industry updates in Spanish. The decision to expand into the South American sector has come ...
Posted on 28 July 2015 | 11:04 am
Bitcoin Price Ranges; Upside Breakout on the Cards?newsBTC
Earlier this morning we published our pre-session bitcoin
price watch piece. We suggested the levels to watch in the bitcoin
price throughout today's European session, and pointed out that we had finally seen some action in the bitcoin
market over the ...and more »
Posted on 28 July 2015 | 10:32 am
Bitcoin Press Release: US based HashingSpace Corporation (OTCQB: HSHS) is pleased to announce it has completed a reverse merger, and a ticker change from the old ticker MLSOD to HSHS. HashingSpace provides a wide range of services to the Bitcoin and blockchain communities including hosted ASIC mining and Bitcoin ATM’s. WENATCHEE, WA / July 27, 2015 / HashingSpace Corporation (OTCQB: HSHS), a Bitcoin ASIC mining and hosting company, announced today that it has completed a reverse merger transaction with Milestone International Corporation. HashingSpace completed its’ 8-K filing with the United States Securities and Exchange Commission. HashingSpace will be traded on the OTC Markets with the symbol HSHS. The reverse merger was completed on July 10, 2015. HashingSpace Corporation merged with […]
The post Bitcoin Focused HashingSpace Corporation Announces New Ticker Symbol “HSHS”, Files 8-K, and Completes Reverse Merger appeared first on Bitcoin Magazine.
Posted on 28 July 2015 | 9:54 am
Posted on 28 July 2015 | 8:39 am
Posted on 28 July 2015 | 7:18 am
New Service Finds Optimum Bitcoin Transaction FeeCoinDesk
A new service, CoinTape, is offering bitcoin
users an answer to the common question: what is the optimum transaction fee? Using network data from the past three hours, the service lets users compare the current waiting times associated with various fee ...
Posted on 28 July 2015 | 5:16 am
Certified Financial Planner Jeff Vandrew explains the steps bitcoin holders should take when planning their estates.
Posted on 28 July 2015 | 3:41 am
Two Accenture directors have published a new article suggesting that blockchains must operate without bitcoin to be used by major financial firms.
Posted on 27 July 2015 | 2:45 pm
We take a look at the companies hoping to increase the ease of WiFi access with bitcoin micropayments.
Posted on 27 July 2015 | 1:52 pm
Despite an initial skepticism, major financial institutions are beginning to become more public with their interest in bitcoin and the blockchain.
Posted on 27 July 2015 | 12:26 pm
A bitcoin entrepreneur and a trading veteran have partnered on a blockchain project that aims to streamline the way assets are exchanged.
Posted on 27 July 2015 | 11:08 am
Earlier in July, Bitcoin Magazine reported that former Greek finance minister Yanis Varoufakis, who resigned after the Greek referendum on July 5, expressed his disappointment with the outcome of the Greek crisis. Now Kathimerini, a New York Times-branded daily newspaper published in Athens and distributed with the International New York Times in Greece and Cyprus, reveals that Varoufakis was authorized by Greece’s Prime Minister Alexis Tsipras last December to look into a parallel payment system that could eventually work as a parallel banking system. Before becoming Finance Minister, Varoufakis proposed a parallel IOU-based currency, dubbed Future Tax Coin (FT-Coin), similar to a cryptocurrency in some aspects. Varoufakis is not impressed by bitcoin as a currency, but he is persuaded that […]
The post New Details Emerge About Greek Plan for Parallel Payment System and Varoufakis’ Resignation appeared first on Bitcoin Magazine.
Posted on 27 July 2015 | 8:09 am
Wences Casares, the CEO of bitcoin company Xapo, has begun legal proceedings against online identity firm LifeLock in response to a suit filed by the company which alleged contract violations against him and several Xapo employees. The cross-complaint filed by Casares at California's Superior Court on 24th July states: "LifeLock's highly dysfunctional management proved itself […]
Posted on 27 July 2015 | 4:59 am
The blockchain provides an alternative governance model to the current system of oligarchic control, argues Nozomi Hayase.
Posted on 26 July 2015 | 8:00 am
FuturePerfect Ventures founding partner Jalak Jobanputra talks opportunities in the bitcoin and blockchain space and VC funding trends.
Posted on 25 July 2015 | 8:00 am
Bitcoin exchange itBit is hosting a private gathering of financial professionals in New York on Monday.
Posted on 24 July 2015 | 5:05 pm
IBM is among the sponsors of a forthcoming India-based hackathon set to focus on bitcoin, the blockchain and FinTech.
Posted on 24 July 2015 | 4:10 pm
New Gallup data points to a small degree of trust for digital wallets among consumers.
Posted on 24 July 2015 | 3:46 pm
Wallace Young, the director of the Federal Reserve Bank of San Francisco, has published an article suggesting community banks should be cautious about Bitcoin firms and consumers. He also pointed out the digital currency’s pros and cons. “Caution is appropriate,” Young said. “Bankers should carefully weigh the pros and cons of extending any loan secured by bitcoins or other virtual currencies (in whole or in part), or where the source of loan repayment is in some way dependent on the virtual currency.” Throughout the article, Young notes the potential risks of bitcoin, including credit, compliance, reputational and operational risks for businesses and consumers treating bitcoin as assets and as collateral. Specifically, Young emphasizes the “need” to monitor and control virtual […]
The post San Francisco Federal Reserve Director Warns Community Banks about Bitcoin Risks appeared first on Bitcoin Magazine.
Posted on 24 July 2015 | 12:16 pm
France’s biggest bank BNP Paribas is reportedly testing the idea of adding bitcoin to one of its currency funds, a source at the bank told International Business Times UK. The unnamed source said that BNP Paribas has been doing “beta testing” involving cryptocurrency, and the official announcement could come in the near future. A spokeswoman for BNP Paribas told International Business Times UK: “We are looking at blockchain technology and how it can be applied to post trade processes to make things faster and potentially cheaper but it’s all very much projects and it’s all in testing. It’s nothing live.” BNP Paribas, headquartered in Paris, was formed through the merger of Banque Nationale de Paris (BNP) and Paribas in 2000. It’s one of the […]
The post BNP Paribas Testing Plans to Add Bitcoin to its Currency Funds appeared first on Bitcoin Magazine.
Posted on 24 July 2015 | 12:00 pm
Entrepreneurs and investors Cameron and Tyler Winklevoss have filed an application for a limited liability trust company in New York.
Posted on 24 July 2015 | 7:46 am
CoinDesk speaks to ShoCard CEO Armin Ebrahimi about his company's efforts to disrupt identity verification via the blockchain.
Posted on 24 July 2015 | 3:06 am
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