Tag: Satoshi

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 […]

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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 […]

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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 […]

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Bitcoin startup LazyPay has a chance to win a share of the £1,000,000 in prize money for the winner of Virgin Mobile’s Pitch To Rich competition. The London-based Bitcoin wallet, exchange and payment processor is the only digital currency startup competing in the event. The annual competition tries to find the brightest and best entrepreneurs in all of Britain. Startups can compete in three different categories: New Things, Start-Up and Grow. Competing startups can receive up to £250,000 in marketing support, 12 months of business support and advice from billionaire and Virgin Group CEO, Richard Branson. “With the support of Sir Richard (who has been a high-profile advocate for bitcoin), we hope to grow the number of merchants who accept […]

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Earlier today, Ripple Labs Inc. was fined $700,000 for “willfully violating several requirements of the Bank Secrecy Act (BSA).” The Financial Crimes Enforcement Network (FinCEN) stated that the company issued its own currency (XRP) and failed to implement adequate anti-money laundering measures, in addition to operating as a money services business without the proper authorization from the federal regulatory body. FinCEN worked with the US Attorney’s Office for the Northern District of California to coordinate the civil money penalty against Ripple Labs Inc and XRP II, LLC, which is owned by Ripple Labs. Sale of XRP to Roger Ver A statement of facts included in FinCEN’s assessment of the violations describes multiple situations where XPR II “failed to file, or […]

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A recently discovered issue with the client-side SDK of Bitcoin software provider BitGo allows anyone to track all incoming and outgoing transactions taking place on the Bitcoin exchange BitStamp. It was discovered by Bitcoin security firm BlockTrail over the weekend. BlockTrail CTO Ruben De Vries first encountered the issue while conducting analysis on the blockchain, “for our own internal purposes.” He found a group of addresses had the same output, allowing them to be tracked. De Vries identified it as the change address, that is the address created to send any remaining bitcoin leftover from a transaction. “If one is able to correlate trends in deposits and withdraws to the price movement (for example, maybe a high velocity of BTC deposits might indicate […]

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On May 4, The Times of India reported that Halsey Minor, the multi-millionaire entrepreneur and founder/CEO of BitReserve, engaged a meeting with the local regulators for the company’s future plans to launch its services there. “After the U.S., U.K. and China, we want to now set up operations in India, and we are talking to regulators and potential partners on a range of our Internet-based finance offerings,” Minor told Times of India. The aim of the launch in India is to provide users with “direct control of their money,” as Minor plans to offer BitReserve as a “financial inclusion product which can be used for money transfers.” Officially launched in May of 2014, BitReserve is a bitcoin and fiat currency […]

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It has been a long time coming, but as of this morning, the publicly traded shares of the Bitcoin Investment Trust have officially started trading under the ticker GBTC. For the first time in bitcoin’s history, bitcoin can now be bought and sold on the public markets. For the past few weeks, there have been multiple bids placed for shares of GBTC, including one by Maxim Capital for 50,000 shares at $35.00/share. However, there hadn’t been any asks, or offers to sell shares. KGA Americas was the first to place a $44.00 ask for 298 shares of GBTC, which is the equivalent to 29.8 bitcoin at around $440.00 per coin. I might have been first to purchase $GBTC, here’s my […]

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A new digital currency mining chip is being released next week that the manufacturer believes will severely decrease the amount of electricity needed to mine bitcoin, an important factor for miners. According to Marshall Long, the CTO of FinalHash, a mining consulting firm, “these new chips will allow hobbyists to get back in the game. Power to the miners.” The new chip is being manufactured by SFARDS, a new company formed from the merger of two other Bitcoin mining companies, Gridseed and WiiBox. Gridseed was a mining chip and hardware manufacturer, while WiiBox developed software and hardware for controlling mining rigs. According to Long, Frank Li is leading the team that is bringing this chip to market. “This chip outperforms […]

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Accenture’s recent report projects investment in the financial tech sector to more than double in five years, from $3 billion in 2013 to more than $8 billion in 2018. With the rise of investments comes the rise of demands for employees. The first quarter of 2015 shows a 54 percent increase of venture capital funding for Bitcoin companies, with the total sum growing from $133 million to $229 million with notable investments in both Coinbase and 21inc. At the Bitcoin Job Fair last week hosted by the Plug and Play Tech Center, the 30 companies represented were focused on attracting and keeping the best talent. The 350 attendees were passionate about Bitcoin, and many of the job seekers were interested […]

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