July 22, 2016

Goldman Sachs moves ahead with online lending plans

Reuters/ Lucas Jackson This story was delivered to BI Intelligence " Fintech Briefing " subscribers. To learn more and subscribe, please click here . The investment bank plans to begin offering its new online lending platform to consumers this fall, according to comments made by…

cineramaJuly 22, 2016

Bitcoin Business

Venezuela’s Biggest Bitcoin Exchange Resumes Operations

Surbitcoin, the biggest Bitcoin exchange in Venezuela has resumed normal operations. On July 14th the exchange managed to unfreeze one of its fiat bank accounts and reestablish its API integration with Banesco (the biggest financial entity in Venezuela). The Bitcoin exchange announced the successful relaunch…

cineramaJuly 22, 2016

Bitcoin Business

Bitcoin Fraudster Receives 18-Month Prison Time

The person behind the first ever Bitcoin securities fraud in the United States is going to spend the next 18 months in prison.Trendon Shavers, the founder of Bitcoin Savings and Trust, a proven ponzi company, was convicted for luring people into investing 764,000 bitcoins (~$4.5…

cineramaJuly 22, 2016

Bitcoin Business

Bitcoin Price Watch; Here’s Our Weekend Strategy

It’s time to take our final look at the markets for the week. We’ve had a good week from a trading perspective in the bitcoin price, with action giving us plenty to go at on both the long and the short side. Price overnight last…

cineramaJuly 22, 2016

Bitcoin Business

Bitcoin, The Bell Tolls For Thee

If you think about it from a crypto economics perspective, what happened to Bitcoin this week with the inclusion of Ethereum on Coinbase is frankly devastating to Bitcoin’s brand image - and utility.Coinbase, founded in 2012, sitting on a fat 4.1 million customer userbase, and…

cineramaJuly 22, 2016

Bitcoin Business

Making Bitcoin Beautiful: Cryptoart Combines Art With Bitcoin Wallets

While mainstream adoption grows everyday, Bitcoin still traces its roots to the tech community. A 2013 survey of Bitcoin users found them to be 96% male, 37% anarcho-capitalist or libertarian, and with a median age of 32.7 years old. The clear majority found Bitcoin to…

cineramaJuly 22, 2016

Bitcoin Business

This German fintech company just raised $17 million — and Peter Thiel is on board

This story was delivered to BI Intelligence " Fintech Briefing " subscribers. To learn more and subscribe, please click here . German fintech Deposit Solutions has raised $17 million from a number of investors, including PayPal co-founder Peter Thiel, at a valuation of $121 million.It…

cineramaJuly 22, 2016

Bitcoin Business

Bitcoin Price Decline 100% Confirmed

Bitcoin price decline intensifies. Many participants are expressing anger at the prospect. However, remember that you share this market with bitcoin price whales – some of them orcas feeding on your buy positions, right now. This analysis is provided by xbt.social with a 3-hour delay.…

cineramaJuly 22, 2016

Bitcoin Business

The Ethereum Hardfork Advances Blockchain Governance and Technology

The fundamental assumption of any blockchain, whether public or private, is that 51% of actors are honest. For this assumption to hold, there must be decentralization (a sufficiently large number of individual/entity actors to such extent that exercising direct influence on 51% of actors is…

cineramaJuly 22, 2016

Bitcoin Business

Ripple Blockchain Payment from Canada to Germany Takes 20 Seconds

A collaboration between Canadian financial institution ATB Financial, German software multinational SAP, blockchain startup Ripple Labs and Geman bank ReiseBank AG has demonstrated the potential of blockchain technology, wherein an international payment took 20 seconds as opposed to several working days. German multinational software firm…

cineramaJuly 22, 2016

Bitcoin Business

More Fintech Regulation Is Coming To Thailand

Regulation, whether it is in Fintech or cryptocurrency, seems to be inevitable moving forward. Thailand is the latest country to consider Fintech regulation, which will impact bitcoin and other cryptocurrencies in the country as well. The country’s central bank wants more regulation to protect customers…

cineramaJuly 22, 2016

Bitcoin Business

There Is No Such Thing As A Blockstream Patent For Now

Blockstream has always been a topic of substantial debate among the Bitcoin community. Some people feel this company is bringing nothing positive to the future of cryptocurrency development. As it turns out, this company has no blockchain patents whatsoever, which is contrary to what their…

cineramaJuly 22, 2016

Bitcoin Business

Disruptive Relationship Between 3DPrinting and Blockchain

The World Economic Forum, an international non-profit foundation based in Switzerland, believes that the 3D printing and blockchain technologies have a disruptive relationship which can revolutionize traditional methods of manufacturing.3D printing technology, also known as additive manufacturing (AM), is a class of processes utilized to…

cineramaJuly 22, 2016

Bitcoin Business

Bitcoin Foundation Exec Director Llew Claasen: We Have Entered Value Age

South Africa’s Llew Claasen was appointed as the new Executive Director of the Bitcoin Foundation because they think he has the skill that is needed now to move the Foundation forward. He said that there is an amazing opportunity for the organization to help the…

cineramaJuly 22, 2016

Bitcoin Business

Enable 2FA: Kraken Accounts Compromised, Funds Stolen

There are claims that several accounts on Kraken have been compromised and funds taken. Representatives of Kraken told Cointelegraph that the cases mentioned below are currently being investigated. Users’ complaints In an email to CoinTelegraph , a supposed Kraken user claimed in writing that: “Last…

cineramaJuly 22, 2016

Bitcoin Business

Don’t Count on Tech to Set You Free

A number of my friends, especially in Silicon Valley where I now live, might be described as techno-libertarians. Loosely speaking, this is the idea that technological progress will lead to greater individual freedom and reduced state control. Some techno-libertarians are simply optimists, hoping that inventions…

cineramaJuly 22, 2016

Bitcoin Business

NetCents All-in-One Payment Acceptance API Supports Bitcoin

One thing that continues to hinder global Bitcoin adoption is it lack of usability. While cryptocurrency enthusiasts will find plenty of ways to spend Bitcoin, the everyday person on the street demands more convenient solutions. Netcents, a relatively new company, has unveiled its Enterprise Solutions…

cineramaJuly 22, 2016

Bitcoin Business

Expert’s View on the Decline of Blockchain Trend

The formation of the R3 consortium and the increasing interest of banks, financial institutions, and governments have continued spark the development of private or permissioned blockchain networks over the past two years.Venture capital firms began to shift their focus on blockchain startups after recognizing the…

cineramaJuly 22, 2016

Bitcoin Business

Bank of England Knocks Down Using Bitcoin as Form of Currency

Bitcoin has been on an impressive run of positive energy, as of late. Integration of the Segregated Witness algorithm has begun, apparently without fault. Same goes for the ‘ Bitcoin halving ,’ which has also shown no ill effects to the market to this point.…

cineramaJuly 22, 2016

Bitcoin Business

Latest FinTech Trend: Decentralized Blockchain Peer-to-Peer Lending

The digitalization of money and the innovative reinvention of its transfer through newly introduced technologies like the blockchain technology has marked the beginning of a new financial era; generation of peer-to-peer transactions and financial networks.In that, peer-to-peer lending is becoming a FinTech trend in both…

cineramaJuly 22, 2016

Bitcoin Business

Bitcoin Savings & Trust Ponzi Scheme Operator Sentenced To 18 Months In Jail

Operating a Bitcoin Ponzi scheme is not only morally wrong, but it is also punishable by law. Albeit most countries around the world do not officially recognize Bitcoin as a currency, defrauding other people is a criminal offense. One man in Texas has been sentenced…

cineramaJuly 22, 2016

Bitcoin Business

Russian Roulette Ransomware Stampado Is Making The Rounds

For those people who have ever wondered how bizarre bitcoin ransomware can get, look no further than Stampado. Researchers at Heimdal Security label this as a tool that “plays Russian roulette with computer files”. Not an appealing description for a tool that only costs US$39…

cineramaJuly 22, 2016

Bitcoin Business

Plutus Tap & Pay Raises Over $1m in 9 Days of Crowdfunding for Contactless Bitcoin & Ethereum Payments

LONDON, July 22, 2016 /PRNewswire/ -- London-based start-up Plutus Tap & Pay has been dubbed "one of the most anticipated Bitcoin projects in 2016" by cryptocurrency news outlets , and plans to make contactless payments with Bitcoin and Ethereum easy and accessible.Over a thousand people…

cineramaJuly 22, 2016

Bitcoin Business

Bitcoin Price Watch; A Strange Night’s Action

It’s been a bit of a strange night of action in the bitcoin price overnight during the Asian session, and we are heading into the European open on the back of what turned out to be some pretty unpredictable action. Price traded up sharply around…

cineramaJuly 22, 2016

Bitcoin Business

Blockchain in finance and management fields. Fintech and govtech cases at Blockchain Conference Kiev

What problems can blockchain solve in the finance sphere and total asset management – will be discussed by speakers of the third annual Blockchain & Bitcoin Conference Kiev. On 23 September Kyiv will become a meeting point for financiers, IT specialists and entrepreneurs with successful…

cineramaJuly 22, 2016

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