Category: Money

This is a guest post by Pamela Morgan, Esq., CEO of Third Key Solutions LLC. Security is tricky. Sometimes the most obvious security solution is ineffective and, worse, a distraction from the real risks and issues. In the security industry this is called “security theater.” It looks good and makes some people feel secure, but doesn’t actually reduce risks. Sometimes security theater even exposes people to even greater risk. Such is the case with third-party identity verification for the recovery of bitcoin accounts. It seems like the obvious solution and feels secure, but, in fact, it exposes users to far greater risks without actually doing much to increase security. One of the most appealing parts of using Bitcoin multi-signature addresses is […]

The post Security Theater: The Illusion of Consumer Protection by Outsourcing Identity Verification appeared first on Bitcoin Magazine.

While the Internet has allowed people all around the world to find freelance work at the click of a button, it also has created a situation where these online workers are sometimes exploited or simply not paid for their work. Microwork.io is a startup that plans to put power back into the hands of the freelancer and allow the poor all over the world to earn a decent wage. Microwork.io founder and CEO Andy Gough recently spoke to Bitcoin Magazine and answered a few questions about his new project. He described how blockchain technology can be used to “free workers all over the world from exploitation and abuse.” Gough’s hopes for Microwork.io Microwork.io is best described as a more open […]

The post Microwork.io Uses Smart Contracts to Coordinate Small Tasks Worldwide appeared first on Bitcoin Magazine.

Startup Europe organized a “Blockchain and Digital Currencies Workshop” on April 27. Digital Currency Summit founder Alex Puig led the event, with the participation of Bitcoin companies and senior financial experts. Each European Union (EU) country regards Bitcoin differently, and regulations are constantly evolving. The Startup Europe initiative seems a first step to establish EU-wide coordination of national initiatives for Bitcoin regulation and government-funded research. Startup Europe aims to strengthen the business environment for web and ICT entrepreneurs so that their ideas and business can start and grow in the EU. Startup Europe is part of Digital Agenda for Europe (DAE), an initiative of the European Commission, and contributes to the Entrepreneurship 2020 Action Plan. Puig opened the workshop and […]

The post German Central Bank Economist Expects EU to Fund Digital Currency Research appeared first on Bitcoin Magazine.

European Bitcoin payment processor Coinzone officially announced in a recent blog post that the company will be launching a Bitcoin wallet for its European customers. The announcement follows the recent launch of the company’s Bitcoin processing platform in the Czech Republic. Like many others, Coinzone’s Bitcoin wallet will allow users to send, receive, buy and sell bitcoin on both mobile platforms and web browsers. Currently, the company is focusing on building country-specific features to allow users to withdraw and deposit through local banks. CEO Manuel Heilmann stated, “We’ve developed Coinzone Wallet in response to an overwhelming demand from users seeking a wallet that stores their sensitive information locally in Europe.” Heilmann added that there is a growing European demand for […]

The post Coinzone to Launch a European Bitcoin Service with Banking Relationships appeared first on Bitcoin Magazine.

The Spanish Bitcoin startup Coinffeine has launched a technical preview of its peer-to-peer (P2P) Bitcoin exchange. For the first time in a P2P exchange, users can experience an automatic and secure exchange similar to that offered by traditional exchanges, but with all the advantages of the P2P. This version is intended to enable independent users and banks to try the application at an early stage, integrate it into their services and operate as Bitcoin exchanges. Anyone interested can download the application and, once it is installed, can begin to buy and sell bitcoin with other Coinffeine users. Although the Coinffeine Technical Preview is fully functional, they decided to go step-by-step in this early stage and distribute a version that is configured […]

The post Coinffeine Launches Technical Preview of Peer-to-peer Bitcoin Exchange appeared first on Bitcoin Magazine.

BitGold Inc. has announced the public launch of the BitGold platform, a software service that connects gold storage with payment networks, resulting in a banking-like platform for gold. The announcement refers to the BitGold platform as a “new global operating system for gold.” In fact, BitGold is a digital payments platform that connects gold stored in real-world vaults with online payments. Though the BitGold press release emphasizes that BitGold is not a cryptocurrency like bitcoin, there are similarities. In particular, the BitGold platform allows for the quick settlement of gold trades so that a users’ gold is easily acquired and accessible across various payment networks such as SWIFT, Visa, MasterCard, Interac, SEPA, UnionPay, Discover, American Express and others – including […]

The post BitGold Announces a Bitcoin-like System for Gold Storage and Payments appeared first on Bitcoin Magazine.