May 9, 2016

Data collection raises security concerns

This story was delivered to BI Intelligence " Fintech Briefing " subscribers. To learn more and subscribe, please click here . Digital technology has made it easier for companies to collect user data, but this raises a major concern about security and data usage.As more…

cineramaMay 9, 2016

Bitcoin Business

Teambrella – A Peer to Peer Insurance System Using Bitcoin

Teambrella is the first peer-to-peer insurance service backed with Bitcoin and the creators say its users have exclusive control over every aspect of insurance: rules, premiums, claims and reimbursements making insurance fair and transparent.In a recent whitepaper, the writers, Alex Paperno, Vlad Kravchuk and Eugene…

cineramaMay 9, 2016

Bitcoin Business

Bitcoin Price On A High Tension Wire

Bitcoin price is pushing higher once again but the market is struggling to make a new high since last week. Could this be the final push to resistance? This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here . Not…

cineramaMay 9, 2016

Bitcoin Business

Report: Russian Ministries Question Bitcoin Criminal Liabilities

T he Ministry of Justice and the Interior Ministry in Russia have – according to reports – questioned the “public danger” that Bitcoin supposedly brings, as proposed by the Russian Ministry of Finance. Unsubstantiated reports from Russian news outlets quoting prominent Russian news agency Interfax…

cineramaMay 9, 2016

Bitcoin Business

Bitcoin Isn’t the Answer to Central Bank Woes

Here's a utopian image (or perhaps dystopian, depending on the point of view) to ponder: Central banks have switched from issuing money in the form of cash to releasing digital currency and registering transactions on a distributed ledger along the lines of the Bitcoin blockchain.…

cineramaMay 9, 2016

Bitcoin Business

Is Blockchain the Key to User-Controlled Social Media?

New social media platforms are starting to emerge that utilize blockchain and distributed ledger technology in an effort to build platforms where users are in control on of their data and more expressive choices are available.The development in the industry's startup ecosystem coincides with a…

cineramaMay 9, 2016

Bitcoin Business

Swiss City to Accept Bitcoin Payments for Government Services

The city of Zug, Switzerland, has announced it will pilot a bitcoin payments project that will allow local citizens to pay for public services using digital currency.Zug, a well-known Swiss financial hub long associated with the country’s tax haven reputation , kicked off the initiative…

cineramaMay 9, 2016

Bitcoin Business

Delaware Blockchain Initiative to Streamline Record-Keeping for Private Companies

Delaware, the state that incorporates most companies, is exploring the use of blockchain technology to make its paperwork cheaper and more efficient, The Wall Street Journal reports . The effort, while still in its early stages, could change some of the most basic back-office functions…

cineramaMay 9, 2016

Bitcoin Business

Bitcoin Core Dev: Gavin Andresen’s GitHub Privileges Were A “Liability”

Gavin Andresen, chief scientist at the Bitcoin Core Foundation and former chief developer of the Bitcoin source code had his commit access revoked recently. The move, a collective one taken by Bitcoin Core developers, left Andresen without any administrator or commit privileges after publicly backing…

cineramaMay 9, 2016

Bitcoin Business

Bitcoin to Be Studied by the Australian Treasury

In an effort to understand and explore the possibilities presented by the innovation of bitcoin and its underlying blockchain technology, the Australian Federal Treasury will team up with Data61, a research unit of the Commonwealth to study bitcoin transactions in the bitcoin economy. Data61, a…

cineramaMay 9, 2016

Bitcoin Business

3 Main Reasons Why People Get Involved in Bitcoin

There are many different reasons as to why people get attracted to Bitcoin. The possibility for significant financial gain in the long is one of them, whereas others see it as a lifeline to escape capital control and a failing economy. The viability of this…

cineramaMay 9, 2016

Bitcoin Business

Steemit: New Social Media Platform Which Pays You to Post

Steemit , a new social media platform where everyone gets paid to post online, has been released in beta. In the age of multiple social media platforms, many of them entrenched players, how will new users react to Steemit? Background of Steemit Steemit is a…

cineramaMay 9, 2016

Bitcoin Business

After Months of Tests, the Bid to Finally Scale Bitcoin is Nearing Launch

Since Segregated Witness was announced last December, it has been one of the most anticipated software releases across the bitcoin community. If it succeeds, the software patch could be the first step to growing the block size and scaling bitcoin.Yet, due to the scope of…

cineramaMay 9, 2016

Bitcoin Business

Bitcoin Mining Developer Spondoolies Shuts Down

Bitcoin mining equipment developer Spondoolies-Tech has ceased operations this month, CEO Guy Corem revealed. Israeli bitcoin mining equipment developer Spondoolies-Tech, a prominent bitcoin hardware manufacturer in recent years has, in a surprising announcement, revealed that it has shut down operations this month.A social media post…

cineramaMay 9, 2016

Bitcoin Business

How New York Regulatory Oversight Further Boosts Ethereum

When the Gemini Trust Company begins trading Ether Monday at 9:30 a.m., offering ETH/BTC and ETH/USD trading pairs on two order books, a new chapter begins with the world’s first licensed Ether exchange. Ether is the crypto-asset and token of the Ethereum network, and has…

cineramaMay 9, 2016

Bitcoin Business

Australia Moves to Remove ‘Double Taxation’ on Digital Currency

For a month starting May 3, The Treasury of the Australian government will be accepting submissions from interested parties to comment on a newly-released discussion paper entitled ‘ GST treatment of digital currency ’ as part of the 2016-17 Budget.The Treasury says the government has…

cineramaMay 9, 2016

Bitcoin Business

London Institute Uses 64 Monitors to Demonstrate How Bitcoin Works

The Imperial Data Science Institute in London has an exhibit of 64 monitors with lines moving in geometric shapes representing real-time bitcoin transactions, according to The Imperial College of London website . Harry Pettit, a graduate student, recently visited the exhibit and discovered it provided…

cineramaMay 9, 2016

Bitcoin Business

Akasha is a Censorship Resistant Blogging Network

Akasha Project was unveiled on may the 3rd, created by one of Ethereum’s cofounder Mihai Alisie the venture seeks to create a social network on top of Ethereum’s Blockchain, using a technological stack comprised of IPFS, Electron, React, and Node.js. The goal is to have…

cineramaMay 9, 2016

Bitcoin Business

Why a Swiss Tax Haven is Embracing Bitcoin

Zug wants to be “Crypto Valley.” Municipal bosses in the Swiss town of Zug have decided to accept the bitcoin cryptocurrency for payments up to the value to 200 francs ($206), in a new pilot project.Zug, traditionally known for its low taxes (about half the…

cineramaMay 9, 2016

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