July 29, 2016

Here’s why banks are embracing cloud technology

Amazon Web Services event Business Insider This story was delivered to BI Intelligence " Fintech Briefing " subscribers. To learn more and subscribe, please click here . Singaporean bank DBS has signed an agreement with Amazon Web Services (AWS) to leverage its cloud technology. DBS…

cineramaJuly 29, 2016

Bitcoin Business

NAV Coin Releases World’s First X13 Mobile Wallet

In late July the Nav Team announced that their electrum mobile wallet is live. This news came off the back of a successful coin swap giving Nav Coin a modern code base that is a platform for a huge range of new possible features. One…

cineramaJuly 29, 2016

Bitcoin Business

Chamber of Digital Commerce Establishes the Smart Contract Alliance

Advertised sites are not endorsed by us. They may be unsafe, untrustworthy, or illegal in your jurisdiction. The Chamber of Digital Commerce, a Washington-based proponent and trade association of digital currency and blockchain technology firms has launched a new consortium called the Smart Contract Alliance.…

cineramaJuly 29, 2016

Bitcoin Business

Rise of Replay Attacks Intensifies Ethereum Divide

The unintended consequences of the ethereum hard fork, and the growing interest among users in having two competing ethereum networks, continued to mount this week as new problems became apparent due to the ongoing popularity of the alternative network.A week ago, there was one ethereum…

cineramaJuly 29, 2016

Bitcoin Business

Bitcoin Mixer: How to Secure Your Identity

Bitcoin was designed as an anonymous and decentralized currency. But transactions are never truly anonymous, as they are recorded and available on the Blockchain — the distributed ledger which keeps a record of every Bitcoin transaction.When you use Bitcoin to pay for goods and services,…

cineramaJuly 29, 2016

Bitcoin Business

Byrne Is Back! Overstock’s Bitcoin-Friendly CEO Returns to Company

Patrick Byrne , Overstock’s Bitcoin-friendly CEO, has returned to the company after a medical leave of absence.Byrne returned to his position as CEO of the online retail giant after a three-month leave of absence prompted by health complications.An injury during a trip to rural China…

cineramaJuly 29, 2016

Bitcoin Business

Zcash Delays Untraceable Cryptocurrency for Additional Audits

The launch of the genesis block for a new cryptocurrency designed to make real the anonymity once thought to be offered by bitcoin has been delayed once again.Zooko Wilcox, early cypherpunk and founder of anonymous cryptocurrency startup Zcash, told CoinDesk yesterday that his startup will…

cineramaJuly 29, 2016

Bitcoin Business

How Falcon, FIBRE and the Fast Relay Network Speed Up Bitcoin Block Propagation (Part 2)

Bitcoin is designed as a peer-to-peer network, where nodes randomly connect to other nodes. Transactions and blocks are transmitted over this network by these nodes, until each has received all. This works quite well, as the distributed model makes Bitcoin relatively censorship-resistant; there is no…

cineramaJuly 29, 2016

Bitcoin Business

Researchers Claim Bitcoin’s Blockchain Can Be Secured Even if 51% of Miners Are Malicious

One of the fundamental assumptions of blockchains, whether public or private, is that 51% of actors, especially miners, are honest. Logically, the more actors there are, the more the assumption stands. However, numerous bitcoin developers, including Gregory Maxwell, Peter Todd, Luke-Jr and others, have stated…

cineramaJuly 29, 2016

Bitcoin Business

Blockstream Acquires Bitcoin Wallet, Lightning Network Not The Reason

Blockstream’s acquisition of GreenAddress , a Bitcoin wallet software provider based in Europe, has nothing to do with the Lightning Network , says Lawrence Nahum , CEO and founder of GreenAddress. Blockstream started developing the Lightning Network which is aimed at providing a scalable, instant…

cineramaJuly 29, 2016

Bitcoin Business

US Senators Seek Blockchain Guidance From CFPB, Federal Reserve in FinTech Letter

Twenty-two US senators have sent a letter to senior government officials and the Federal Reserve requesting information about the regulation and oversight of virtual currencies and blockchain tech.In the letter dated 21st July, the US Senate Committee on Banking, Housing and Urban Affairs wrote that…

cineramaJuly 29, 2016

Bitcoin Business

MasterCard must navigate a competitive credit card market

This story was delivered to BI Intelligence " Payments Briefing " subscribers. To learn more and subscribe, please click here . Mastercard, the second-largest US-based card network, posted strong growth in volume, cards, and transactions in its Q2 2016 earnings call.But as the US credit…

cineramaJuly 29, 2016

Bitcoin Business

Stampery Drops Forked Ethereum Blockchain Support Due To Censorship Concerns

More and more companies are openly showing their support for Ethereum Classic. To the majority of enterprises in the cryptocurrency world, supporting ETC may not make much sense. But Stampery feels there is a good reason to support the pre-hard fork Ethereum initiative. After all,…

cineramaJuly 29, 2016

Bitcoin Business

Coinbase Extends Bitcoin, Ether Buying in Canada & Singapore

Digital currency exchange and wallet provider Coinbase has extended bitcoin and ether buying to customers in Canada and Singapore, within days after announcing the same feature to Australian users. Firmly in its global expansion phase, bitcoin and ether exchange and wallet Coinbase has now enabled…

cineramaJuly 29, 2016

Bitcoin Business

Mt. Gox CEO Mark Karpeles: Did You Guys Even Work Out That Block Size Thing?

Fresh out of jail on bail for embezzlement, disgraced Mt. Gox CEO Mark Karpeles poked fun at the Bitcoin community’s for their lack of resolution in the block size limit issue. Karpeles, in a tweet sent shortly after his release from jail , expressed his…

cineramaJuly 29, 2016

Bitcoin Business

National Cryptoequity – Pleasant Opposite of National Debt?

The modern government-run financial system employs a staggering amount of national debt. The United States’s national debt is fast approaching $18 trillion, with no sign of stopping. This debt, while incurred by the government, ends up being the responsibility of the public to pay it…

cineramaJuly 29, 2016

Bitcoin Business

Mounting Number of Bad Coding Mistakes Haunts The Ethereum Ecosystem

The ongoing debate over the Ethereum hard fork decision has brought some interesting concepts to light. Unfortunately for Ethereum investors and holders, it turns out not all of the hyped projects were created through proper coding. Even the Ethereum code base itself is rather fragile,…

cineramaJuly 29, 2016

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