Bitcoin could split in debate over currency’s future with developers

August 19th, 2015|

A row over changing the software that produces bitcoins could split the virtual currency, core developers say.
Bitcoin XT, a new version, is currently being recommended by the currency’s chief scientist, Gavin Andresen.

And its developer, Mike Hearn, says its adoption is essential to ensure the currency can cope with growing demand.

But some, including a large number […]

Behind the “exodus” of bitcoin startups from New York

August 19th, 2015|

The exits were a strong reaction to the application requirements for a BitLicense.

Last weekend the deadline to apply for a BitLicense came and went, and a slew of bitcoin startups went too—right out of New York State.

The BitLicense is New York’s regulatory badge of approval, required of all digital-currency businesses that are deemed “money transmitters” […]

Bitcoin: Another Banking Headache

August 19th, 2015|

William Mougayar is a Toronto-based angel investor and four-time entrepreneur who advises startups on strategy and marketing. Here, in the first of a three-part series, he discusses how banks dealt with the emergence of the Internet and how blockchain technology is causing these institutions a whole new headache.
A recent flurry of media reports and surveys have touted that […]

Why Use Bitcoin

August 19th, 2015|

When asked why bitcoin hasn’t taken off as an electronic, online cash, it’s become conventional wisdom to blame ease of use as the predominant issue. When compared to other payment methods, most say, digital currency simply isn’t as user-friendly.

This is true to an extent. As a payment method, bitcoin could be more user-friendly, and the […]

Digital Currency Startups Prosper in Berlin’s Vibrant Bitcoin Community

August 15th, 2015|

This is a guest post by Chris Grundy, a Berlin-based Bitcoin enthusiast who works at Bitbond – referenced at Bitcoin Magazine

Despite Germany’s recent negative press over the Greek bailout, Berlin remains one of the world’s greatest cities for Bitcoin lovers. Whether it’s the plethora of innovative bitcoin startups springing up all over the city, the […]

Is Bitcoin the Only Currency that Will End the Currency Wars?

August 15th, 2015|

I’ve seen the phrase ‘Currency Wars’ in every news report this week. Bloomberg, BBC, MSNBC, Sky News, it’s been everywhere. It’s a term you should also be quite familiar with by now.

Jim Rickards and Tim Dohrmann of Strategic Intelligencehave been warning of the Currency Wars well before China mixed things up this week. In fact […]

The 21 companies that control bitcoin

August 13th, 2015|

Flashy startups like Coinbase, Circle, Blockchain, and BitPay are some of the most famous companies in bitcoin.

But arguably more important are the miners — individuals and organisations who form the core backbone of bitcoin, ensuring the digital currency’s integrity.

Bitcoin runs on a blockchain, a decentralised and public ledger of every transaction made on the network. By offering processing […]

Ecuador Is The First Country To Use A Public Digital Currency System

August 13th, 2015|

Mobile currency products such as M-Pesa have taken off, inspiring a number of copycat products around the world.

One of these, however, is slightly different. It’s called the Sistema de Dinero Electrónico.

Products such as these are being touted as a great way to bring millions of people into formal finance, whereas they previously wouldn’t have such […]

China’s Yuan Devaluation may Trigger a Run Into Bitcoin

August 13th, 2015|

Foreign currency prices have an intimate impact on financial markets and this week, China’s yuan devaluation came as a reminder of how fragile the Chinese economy is at the moment.  A significant financial crisis is developing on the country; it seems that the model of economic growth has reached its natural end.

Similar to what happened […]

Should Small Businesses Bet on Bitcoin?

August 12th, 2015|

Imagine stepping into a cafe where you’re worried they don’t take credit cards. But while you’re painstakingly counting out your dollars, the cashier says: “We take cash, cards and bitcoin.”

That’s what’s happening every day at Pittsburgh ice cream parlor Oh Yeah! And the small eatery isn’t the only place offering an expanded range of payment […]