February 2016

Current state of Bitcoin in Russia

Bitcoin was first introduced in 2009 when Satoshi Nakamoto’s invention became an open-source software. It provides a peer-to-peer transaction system that is managed using a public distributed ledger without the need for a third party. One does not need to wait for the payment to…

cineramaFebruary 25, 2016

Bitcoin Business

LTCUSD Price Technical Analysis – Short-Term Channel

LTCUSD has previously formed a short-term reversal pattern and broken below the neckline confirmation, indicating that a selloff is in order. Price is now trading inside a descending channel connecting the latest highs and lows. LTCUSD recently bounced off the channel support but has been…

cineramaFebruary 25, 2016

Bitcoin Business

Wirex Limited Rebrands E-Coin to Wirex

London, February 25 2016 – Wirex Limited announced the launch of Wirex , the world’s first hybrid personal banking solution that combines the benefits of blockchain technology into everyday finances. Simultaneously, the rebranding will see the integration of E-Coin, the successful bitcoin debit card provider…

cineramaFebruary 25, 2016

Bitcoin Business

Bitcoin Exchange Cryptsy Faces an “Updated” Class Action Lawsuit

The class action lawsuit filed against Bitcoin exchange Cryptsy has just been updated with the name of one more defendant.The updated lawsuit filed by Silver Law Group (SLG) and Wites & Kapetan names Lorie Ann Nettles – Paul Vernon’s former wife – as the new…

cineramaFebruary 25, 2016

Bitcoin Business

Is 2016 the Year Russia Legalizes Bitcoin?

The Deputy Chairman of the Russian State Duma Committee — the lower house of the Russian legislature — spoke about cryptocurrencies today. The deputy had a few interesting things to say about Russia’s hardline stance on cryptocurrencies in the past and possible future of the…

cineramaFebruary 25, 2016

Bitcoin Business

Through Machine Learning, IBM Braintrust Sees Better Days Ahead

IBM’s Ginni Rometty sees trillions in opportunity through machine learning in the next 10 years. Analysts may see a worrisome slow down in IT spending , but IBM executives, speaking at the company’s annual shareholder’s meeting on Thursday, see brighter days ahead—especially for the company’s…

cineramaFebruary 25, 2016

Bitcoin Business

Why Donald Trump and Bitcoin Are Both Unstoppable

What do Bitcoin and U.S. Republican Presidential frontrunner Donald Trump have in common? Both are new to their respective arenas, both are highly disruptive to existing power structures, and both, at this point, are unstoppable. Disruption The Trump campaign rose from a long-shot curiosity at…

cineramaFebruary 25, 2016

Bitcoin Business

Internet Company Set To Rescue Africa

The low penetration of internet in Africa is responsible for the slow FinTech development, says telecommunications expert, Anthony Fakah , Head of Broadband and Converged Solutions at Phase3 Telecom , Africa’s leading aerial fibre optic network infrastructure provider.Tony speaks to CoinTelegraph on the impact that…

cineramaFebruary 25, 2016

Bitcoin Business

Payments Players Move on Blockchain Tech in Industry Shake-Up

Amid a steady stream of positive news, incumbent payment companies are quickly launching products and services incorporating blockchain technology. To date, payments firms openly offering blockchain services include financial technology provider D+H, online payments startup Dwolla and cross-border payments specialist Earthport , though the latest…

cineramaFebruary 25, 2016

Bitcoin Business

Bitcoin Price Shows Market Caution

Bitcoin price has lost direction. Ordinarily, this kind of price action can be described as merely corrective, but the chart shows several months of lower lows and, now again, a lower high. This analysis is provided by xbt.social with a 3-hour delay. Read the full…

cineramaFebruary 25, 2016

Bitcoin Business

Bitt Launches the Blockchain Barbadian Digital Dollar

Barbados-based fintech firm Bitt Inc. has launched the Barbadian Digital Dollar, the Caribbean’s first blockchain-based digital money this week as a means to bring solutions to the unbanked in the region. In a marked effort to provide financial and banking solutions to its home country,…

cineramaFebruary 25, 2016

Bitcoin Business

Bitcoin Debit Card Provider E-Coin Rebrands as Wirex

Bitcoin debit card provider Wirex Limited announced today the launch of Wirex , a hybrid personal banking solution available to customers in more than 130 countries. At the same time, the rebranding will see the integration of its E-Coin into the new Wirex service.Wirex will…

cineramaFebruary 25, 2016

Bitcoin Business

Wirex: A Hybrid Financial Platform That Uses Blockchain Technology

Share with:Wirex Limited has announced the launch of Wirex , the world’s first hybrid personal banking solution that combines the benefits of blockchain technology with users’ everyday finances, in a way that is both accessible and easy for the general public to use.Wirex is the…

cineramaFebruary 25, 2016

Bitcoin Business

Bitt Launches Caribbean’s First Blockchain Based Digital Money

Share with:The Caribbean’s first blockchain-based digital money was launched on Monday by the Barbados based financial technology company, Bitt Inc.The founders of Bitt Inc. have noted that Barbados, like the rest of the Caribbean, has historically had challenges with its banking and financial infrastructure. This…

cineramaFebruary 25, 2016

Bitcoin Business

Encouraging to see Bitcoin Community Come to a Consensus, says BitFury CEO

Blockchain infrastructure provider BitFury brought together more than 70 prominent figures from the cryptocurrency industry January, 2016, for a round table conference . Following a year of debate on block size alteration and Bitcoin’s future, the North American Bitcoin Conference finally resulted in a more…

cineramaFebruary 25, 2016

Bitcoin Business

Bitcoin Price at a Critical Weekly Level

This week, the BTC/USD price has approached a turning point. What will happen next - the continuation of the upward trend or a downswing? <a href='/tags/bitcoin' class='tag' target='_blank'>bitcoin</a> price chart Starting on February 22nd, a downward movement started forming which could potentially break the continuous…

cineramaFebruary 25, 2016

Bitcoin Business

Exchange Acquisition Consolidates Finland’s Bitcoin Market

Finnish bitcoin broker Prasos has acquired Helsinki-based digital currency exchange Coinmotion for an undisclosed sum.The acquisition of the exchange by Prasos – which operates a different bitcoin exchange called Bittiraha.fi, as well as a bitcoin ATM network in Finland – follows a trend of exchange…

cineramaFebruary 25, 2016

Bitcoin Business

European Parliament Report Proposes Task Force on Digital Currencies

A new European Parliament draft report on digital currencies calls for the creation of a task force specifically devoted to the technology.The report, penned by European Parliament member (MEP) Jakob von Weizsäcker of the Committee on Economic and Monetary Affairs, seeks the establishment of a…

cineramaFebruary 25, 2016

Bitcoin Business

Gavin Andresen: Bitcoin Core Is Not Listening to Its Customers

In a recent interview with Let’s Talk Bitcoin , Bitcoin Foundation Chief Scientist Gavin Andresen explained his issues with Bitcoin Core and why he has decided to help the Bitcoin Classic project.Bitcoin Classic is an implementation of an alternative Bitcoin protocol that would cause a…

cineramaFebruary 25, 2016

Bitcoin Business

Bitcoin Mining Company Butterfly Labs Settles Case With Federal Trade Commission for $38.6M

This article is by Rebecca Campbell. Butterfly Labs has agreed to settle the Federal Trade Commission’s charges of making misleading claims about their products to their customers.In a lawsuit that has dragged on since September 2014 , the Kansas-based Bitcoin company presold computer hardware that…

cineramaFebruary 25, 2016

Bitcoin Business

MIT Hosts Annual Bitcoin Expo March 5 and 6 to Explore Challenges Facing Bitcoin

On March 5th and 6th, the MIT Bitcoin Club is hosting its annual Bitcoin Expo in the Samberg Conference Center on the MIT campus. It is the largest annual project undertaken by the club and is one of the only academic Bitcoin conferences run entirely…

cineramaFebruary 25, 2016

Bitcoin Business

Bitcoin wallet Chip-Chap connects traditional banking with virtual currencies

The e-wallet Chip-Chap is a digital system which allows to manage and interconnect traditional banking platforms with virtual currencies, such as Bitcoin. Not only can the user buy and store Bitcoins in the App, but also exchange them back to Euros and withdraw cash from…

cineramaFebruary 25, 2016

Bitcoin Business

Bitt Uses Bitcoin Technology to Digitize Barbadian Dollar

Blockchain technology can make a major impact on the world although the ramifications can vary greatly from country to country. Barbados is not a country most people would assume with the financial sector, but there is a growing FinTech scene in the region. Bitt is…

cineramaFebruary 25, 2016

Bitcoin Business

Bitcoin Price Watch; Scalp Strategy in Play Tonight

Earlier on this morning, in our twice daily bitcoin price watch piece, we noted that after the rough and tumble week we’ve seen, we may see some sideways action throughout today’s session. We hoped it wouldn’t be the case (breakout trading is far more exciting…

cineramaFebruary 25, 2016

Bitcoin Business

‘Moralists’, the Latest Extortionists to Begin Using Bitcoin

Visitors and patrons of Switzerland’s largest strip club have received blackmail letters from self-anointed ‘moralists’, demanding $2,000 in bitcoin (approx 4.72 BTC) or face ‘exposure’ with pictures of them visiting the strip club sent to their families. Bitcoin ransoms aren’t going away anytime soon. Patrons…

cineramaFebruary 25, 2016

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