Tag: Satoshi

The global remittance giant Western Union might use the digital currency ripple in a pilot program. Western Union has confirmed it is currently in talks with Ripple Labs, the company behind the digital currency, but details remain scarce. However, if the program comes to fruition, it would be a landmark moment for ripple and the larger digital currency industry. Vice President of Marketing and Communications at Ripple Labs Monica Long did not confirm the details of the project but did add, “In general, financial institutions and networks use Ripple as a technology that powers real-time settlement in any currency to lower the cost of liquidity and compliance. Ripple was created to enable an Internet of Value in which the world […]

The post Western Union Exploring ‘Pilot Settlement Project’ With Ripple Labs appeared first on Bitcoin Magazine.

Tsinghua University PBC School of Finance and Bitcoin exchange Huobi have launched a joint Digital Assets Research Initiative. With this initiative, Tsinghua University joins MIT and technology giants IBM and Samsung as one of the world’s major institutions conducting research and development of blockchain technology, decentralized systems and digital assets. Founded in 1911, Tsinghua University is one of the nine elite Chinese universities, and it is considered the top institution of higher learning in mainland China alongside Peking University. It describes itself as being dedicated to academic excellence, the wellbeing of Chinese society and global development. Often described as “the MIT of China,” Tsinghua was regarded as the top Chinese university by the 2015 Times Higher Education World Reputation Rankings, […]

The post Tsinghua University and Bitcoin Company Huobi Launch Digital Assets Research Initiative appeared first on Bitcoin Magazine.

The Boost VC Tribe 4 graduate Hedgy completed a $1.2 million funding round from investors including Tim Draper, Salesforce CEO Marc Benioff and Sand Hill Ventures. Hedgy, founded in April 2014 is the first Bitcoin startup to create multisig powered smart contracts to protect merchants from the price volatility of bitcoin. Initially, under the project name Coindash, Matt Slater (co-founder and head of trading) and Juan Pineda (co-founder and head of technology) worked together in Boost VC’s bitcoin hackathon to create prototypes of the world’s first programmable smart contracts for derivatives. Using a derivative called “over the counter non-deliverable forward contract,” Hedgy allows two parties to agree on a price of bitcoin that will be traded at in the future. […]

The post Boost VC-backed Bitcoin Smart Contract Startup Hedgy Raises $1.2 million appeared first on Bitcoin Magazine.

Through a partnership with Uruguay-based remittance company, More Money Transfers (MMT), Latin American Bitcoin exchange Bitex.la has 19 agents in Argentina and one in Chile who will now sell bitcoin. Providing services for the non- or underbanked in emerging markets has been regarded as a powerful use case for bitcoin, especially in Argentina. The country’s high inflation and strict economic controls have led many to believe bitcoin as currency and a payment network could succeed there. According to a company spokesman, Bitex.la had that in mind when they were planning the branches. The exchange currently allows people in numerous Latin American countries to buy bitcoin, but that requires a bank account. The new retail stores allow Argentina’s and Chile’s unbanked […]

The post Bitex.la Opens Bitcoin Branches’ in Argentina and Chile appeared first on Bitcoin Magazine.

The Chamber of Digital Commerce will hold a two-day anti-money laundering (AML) compliance boot camp for bankers, regulators and digital currency companies. The event will be in New York City from April 30 to May 1, with an optional workshop on May 2. The topic of compliance and regulations is a tough one for Bitcoin companies. AML Know-Your-Customer and OFAC regulations are difficult for large and established companies, as seen recently when PayPal was fined $7 million by the U.S. Treasury Department for processing illegal transactions from blacklisted persons. According to the president of the Chamber of Digital Commerce, Perianne Boring, AML can be one of the most complex and difficult laws to be compliant with. And for a startup […]

The post Chamber of Digital Commerce Hosts AML Compliance Boot Camp in New York Today appeared first on Bitcoin Magazine.

XBT Provider AB announced today the authorization of Bitcoin Tracker One, the first bitcoin-based security available on a regulated exchange, Bloomberg reports. Bitcoin Tracker One is an “Exchange Traded Note” (ETN) designed to provide investors with convenient access to the returns of the underlying asset, U.S. dollar (USD) per bitcoin, less investor fees. Bitcoin Tracker One is authorized by Sweden’s financial supervisory authority, and will be admitted to trading on Nasdaq Stockholm. The average dollar exchange rate of bitcoin from the most liquid exchanges provides the underlying reference price. The first day of trading is expected to be May 18th, 2015. “We are proud to offer the world’s first “Bitcoin tracker” to be traded on a regulated exchange,” said Alexander […]

The post XBT Provider Announces Bitcoin Tracker One, the First Bitcoin-based Security Traded on Nasdaq Stockholm appeared first on Bitcoin Magazine.

Named after an ancient Roman Goddess, MonetaGo is looking to provide liquidity to Bitcoin exchanges in 35 countries around the world, with the goal to expand to 50 by the end of the year. “We want to be the umbrella to the other exchanges,” Margaux Avedisian, co-founder and business development officer, told Bitcoin Magazine at Inside Bitcoins New York. Whereas other exchanges launch in one country and look to sign up consumer traders, MonetaGo aims to connect all of these exchanges together to increase liquidity for them all. Further, MonetaGo allows trades to be settled in multiple currencies. This is possible because the company is built using the AlphaPoint trading platform, a company that Avedisian launched in 2013. Jesse Chenard, CEO […]

The post MonetaGo Launches with Goal to Provide Liquidity to Global Bitcoin Exchanges appeared first on Bitcoin Magazine.

Fidor Bank, the innovative German bank that is bringing Bitcoin and digital fintech to mainstream banking, is now operating in Great Britain. Fidor Bank, one of the world’s most innovative banks disrupting the traditional banking sector, has been recognized by the World Economic Forum as a “Global Growth Company.” Founded in Germany in 2009, Fidor Bank offers a new approach to financial services. “Traditional banks do not reflect their customers’ needs in the digital age,” notes the Fidor Bank UK website. “Customer requirements are not being met by traditional banks because of lack of innovation, increasing the distance between banks and their customers.” A key feature of Fidor Bank is its community site, where users and representatives of the bank […]

The post Bitcoin-friendly Fidor Bank Expands to the United Kingdom appeared first on Bitcoin Magazine.