Exchange Gold for Cash

The Salt Lake City-based online retailer Overstock is working on a revolutionary new development: a new independent stock exchange powered by Bitcoin technology. The new stock exchange could sidestep traditional stock exchanges such as NYSE and NASDAQ and issue corporate stock directly over the Internet. Overstock, one of the first and largest online retailers to accept bitcoin payments, first announced the project in October 2014. “There is an opportunity to recreate the financial world as we know it in the parallel universe that is the blockchain,” Overstock’s CEO Patrick Byrne told Wired. “We are writing rules for this whole new universe. “ In a recent Coin Telegraph interview, Byrne said that Overstock is building the platform that will let companies […]

The post Overstock Files Crypto Stock Exchange Prospectus with the SEC appeared first on Bitcoin Magazine.

This is a guest post by Elizabeth Ploshay, Connie Gallippi, Victoria van Eyk, and Sarah Martin. Last week, Nepal was hit with a magnitude 7.8 earthquake – the worst in 80 years. More than 4,000 people died, and hundreds more are without food, water or shelter. Natural disasters shake not just the core of our communities, but also the core of our humanity. Many of us feel a deep-seated need to reach out and help during major catastrophes. But it can sometimes seem overwhelming when the scale is so large, and hard to know how to make a real difference. Three leaders in the Bitcoin ecosystem – the BitGive Foundation, ChangeTip, and BitPay – have solutions to help: The BitGive Foundation […]

The post Make an Impact: Donate Bitcoin to Projects on the Ground in Nepal appeared first on Bitcoin Magazine.

Chainalysis offers a service that provides financial institutions with the means to obtain regulatory compliance through real-time analysis of the blockchain. Based in Switzerland and headed by ex-Kraken COO Michael Grønager and former Mycelium engineer Jan Møller, the company provides an API for sophisticated in-depth real-time blockchain transaction analysis. Chainalysis customers – including regulatory entities, law enforcement and financial service providers – are empowered with unique insight on all transactions recorded in the Bitcoin blockchain and tools to determine the origin of the bitcoin held by any address. Bitcoin transactions are not anonymous. Every transaction and the full transaction history of any Bitcoin address are permanently recorded in the tamper-proof public blockchain and open to analysis. The illusion of anonymity […]

The post Leaked Chainalysis Roadmap Angers Bitcoin Community appeared first on Bitcoin Magazine.

Bitcoin exchange itBit has filed for a banking license in New York, Reuters reports. Approval for the license may come in the next couple of weeks, people familiar with the matter told Reuters. That could make itBit the first Bitcoin company to be regulated as a bank in the United States. Founded in 2012, itBit has offices in two key financial markets, New York and Singapore. The company moved its headquarters from Singapore to New York in 2014. “Bitcoin has become mainstream, the volume of bitcoin trading has grown exponentially, and the majority of bitcoin trading now takes place in the U.S.,” said CEO Charles Cascarilla. “Regulators are getting clearer about their policies, and we’re hopeful that we will be […]

The post itBit Files for Banking License in New York appeared first on Bitcoin Magazine.

Singaporean-based Bitcoin exchange, CoinHako, has integrated the BitGo digital currency security platform and insurance offering and will now be run with multi-signature wallets and a state-of-the-art platform, and their holdings will be insured against theft and hacks. The insurance offering is through an undisclosed A-rated insurer from XL Group, which covers up to $250,000 of losses for all BitGo customers. Clients can choose to increase the amount with a 1 percent flat fee. The security firm also provides transparency, improved management controls and internal checks for better monitoring of the exchange’s security. “We’re excited to have CoinHako’s Bitcoin exchange secured on our platform”, said BitGo CEO Mike Belshe. “The team at CoinHako has been a great development partner, and we […]

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