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Bitcoin News

Bitcoin Business and Technology News

With the advancement in bitcoin and blockchain technology, new businesses around the world will come in to existence to furnish the world population through innovative payment system to revolutionise the way people make transactions. We here to report latest news on bitcoin and blockchain technology, mining news related to bitcoin and other altcoins.




  • The founder of Bitcoin Foundation and Forbes columnist will visit Blockchain Conference in Tallinn

     

     

     

     

     

    In March of the coming year blockchain developers and entrepreneurs will get together at Blockchain & Bitcoin Conference Tallinn to listen to the founding director of Bitcoin Foundation, fintech columnist with Forbes Magazine Jon Matonis.

    The independent cryptocurrency and blockchain analyst whose career has included influential posts at VISA International and fintech companies will speak about prospects of blockchain consortiums.

    He will focus on open blockchain with its advantages over private systems. Reliability, security and flexibility are real advantages of blockchain with open access. Jon Matonis believes that developers of private blockchain should coordinate in order to benefit the market.

    He will present ideas of his articles for Forbes, American Banker and CoinDesk.

    Except for Jon Matonis, the conference will be visited by developers of fintech and govtech blockchain services as well as European cryptocurrency experts. To find out more visit the website of the conference.

    Where and when: Tallinn, 9 March 2017

    The published press release on this page should not be viewed as an endorsement by us. The website or company may be unsafe, untrustworthy, or illegal in your jurisdiction. You should do your own research before investing money in any company or website.

  • Legal nationality beyond national boundaries and the role of blockchain

     

     

     

     

     

     

    Estonia, well-known by its electronic legal nationality project, is light years away from other countries in digitalization and business convenience area. Well, e-Residency project allows everyone anywhere on the planet to register a company, pay taxes and conduct document management in Estonia.

    On March 9 at Blockchain & Bitcoin Conference Tallinn, Kaspar Korjus, e-Residency Managing Director, will tell about operating principles of the project and blockchain technology implementation in its infrastructure.

    At 29 years old, the expert is listed as #1 on the Forbes Estonia’s 30 under 30 in Technology and Finance category. Megan Smith, Google ex-vice-president, qualifies him as one of 20 global digital technology leaders.

    Within Tallinn conference, Kaspar Korjus will conduct an excursion across the global village project based on transparency and equality concepts.

    Besides e-Residency Director, the event will involve developers of govtech and fintech services based on blockchain and cryptocurrency business representatives.

    The published press release on this page should not be viewed as an endorsement by us. The website or company may be unsafe, untrustworthy, or illegal in your jurisdiction. You should do your own research before investing money in any company or website.

  • Bitcoin Retail Adoption in Japan Jumps Over 450% in 2016

    ​Much like the Internet a generation ago, Bitcoin will only become commonplace and “go viral” if the average mainstream consumer starts to use it on a daily basis. When the average person started a WordPress blog, or upload a YouTube video, that’s when the Internet took off. For Bitcoin, more retail merchants will need to start accepting Bitcoin for it to go to the next level. This is exactly what is happening in Japan, a new study reveals.

    The number of stores that can use Bitcoin on the Internet in the Japanese market has increased more than four and a half times within 2016 alone, Due to this rapid expansion, the survey shows that the number exceeded 4200 stores, as of 26th last month. This is about 460% more than the survey one year ago, and it has spread to various industries such as beauty salon, nail salon, and remodeling company besides eating and drinking establishments.

    As we here at BitConnect have reported last year, one of the major drivers of this mainstream adoption in Japan has been Coincheck, Japan’s largest Bitcoin exchange. They have personally added over 1000 retail merchants to Bitcoin’s business community, as of several months ago.

    "Currently, most bitcoin users buy bitcoin for investment purpose. However, this situation may change if more businesses accepting bitcoin,” said Kagayaki (Kaga) Kawabata, Business Development Lead for coincheck. “Coincheck is also the leading bitcoin payment service in Japan. We have a bitcoin payment service where more than 1,000 merchants are using our payment solution. Recently, DMM.com, an entertainment giant with more than 19 million users in Japan, started to accept bitcoin payment by using coincheck."

    "The Japanese government has been very welcoming to the Bitcoin community, creating and passing laws that allow the use of Bitcoin on par with fiat currencies. Self-policing Bitcoin groups like JADA (Japan Authority of Digital Assets) work with the Japanese government and Japanese Financial Services Agency to establish standards and codes of conduct for bitcoin businesses.”

    Japan’s level of investment out of Yen and into Bitcoin has surpassed the U.S. Dollar and is only exceeded by the Chinese Yuan/Renminbi. Businesses have also been established in Japan that allows users to pay for essential utilities like electricity in Bitcoin as well. Considering the fact that the collapse of Mt. Gox occurred there less than three years ago, this market turnaround is nothing short of remarkable for its speed and breadth.

     

    Author : Evander Smart

    Evander Smart worked for many years as a Wall Street banker, and has learned how the economy is self-destructing from the inside. His travels, experience and research have led him to Bitcoin as the best way forward for the common man. He looks to spread the word on how Bitcoin can help anyone break the shackles of economic slavery being created by global establishment forces. Evander gets you thinking about what money really is, and how it will work for you going forward. The world of finance is getting ready for incredible changes, and he is getting ready for what's coming next. Are you? Learn more about "The Future of Money" @ Bitcoin Video University

  • Bitcoin Trading in China May See New Controls After Bitcoin Slide

    ​​China pretty much controls the global Bitcoin market, with about 80% of the world’s Bitcoin trading and about 95% of currency exchanges from fiat. This makes how China regulates, or doesn’t regulate, their domestic Bitcoin industry extremely important in the years to come. To this point, China has taken a laissefaire approach to the Chinese Bitcoin industry, but that may be ready to change in 2017. Slightly

    According to the South China Morning Post, the Chinese authorities and People’s Bank of China are mulling whether to introduce third-party custodian services to oversee the world’s largest bitcoin market. This comes after the Bitcoin industry’s rapid national expansion and a recent sharp Bitcoin price fall that has highlighted the potential threat it poses to the stability of financial markets.

    “Regulators have noticed that some bitcoin platforms crashed during the recent market volatilities, causing some investors, particularly those trading with leverage tools, to bear huge losses because they were unable to log on to the website during the sell-off,” the China Securities Journal reported on Tuesday.

    In a perfect world, there may be a truly free market system where no one scams anyone in an investment, but China is not that world, and the raw volume of trading over the past twenty days has drawn a lot of attention in many influential circles. The Bitcoin industry in China has not been prone to theft, fraud or other maladies that used to plague the digital currency, but some tech issues may have been key to some investors taking a larger loss than was reasonable.

    “The bitcoins were not stolen or hacked. Investors suffered loss as they were unable to trade, possibly because of the sudden price fluctuation and large sell offers. Introducing a third-party custodian for the investors would not reduce this risk,” said PwC China Fintech PartnerWilliam Gee, who said based on what happened in early January, the major risk with bitcoin arises from the trading infrastructure rather than the credibility of the trading platforms themselves.

    Maybe individual investors contacted authorities for some level of intervention? Whatever the case may be, the PBOC and others are becoming more involved in the dealing of top Bitcoin exchanges, keeping dialogues open, and looking to make small adjustments into how business gets done.

    As the market is not self-regulated at this moment, this may be a good approach. Leaders withing these large trading platforms are discussing making some ‘rules for the road’ when it comes to their trading practices in the near future, maybe to prevent a heavier hand from authorities.

    “Regardless of the current position adopted by the regulators, recent market activities have certainly attracted their attention. Indeed, we have noticed more active engagement from the PBOC in this respect.” Chun Yin Cheung, another PwC China Fintech Partner, said.

    “Although both mainland and Hong Kong financial regulators have made it quite clear that bitcoin is not a currency and thus not covered by the existing regulatory framework, the bitcoin-related behaviors are evolving and bearing the features of traditional financial market activities.”

    Author : Evander Smart

    Evander Smart worked for many years as a Wall Street banker, and has learned how the economy is self-destructing from the inside. His travels, experience and research have led him to Bitcoin as the best way forward for the common man. He looks to spread the word on how Bitcoin can help anyone break the shackles of economic slavery being created by global establishment forces. Evander gets you thinking about what money really is, and how it will work for you going forward. The world of finance is getting ready for incredible changes, and he is getting ready for what's coming next. Are you? Learn more about "The Future of Money" @ Bitcoin Video University

  • BitConnect Coin ICO Completed; Official BCC Exchange Launches in Record Time

    With BitConnect.co’s much-anticipated Initial Coin Offering (ICO) for the official BitConnect Coin (BCC) now completed, BCC heads into the next phase of development. Over 1 million BitConnect coins have already been purchased, with early adopters gaining up to 40% bonuses, as people are gaining over 1000 BCC per BTC.

    Now, BitConnect Coin is ready to establish its own proprietary BCC exchange. We have finished developing our own BCC exchange platform in just ten days, beginning 2017 as quickly as we have ended 2016. We will add more features and crypto-coins to the exchange, along with BCC.

    The Full-node software is openly Distributed with a new Desktop client for mining and staking the BCC with proper guidance. The web wallet already in use for coin holders to conveniently send to BitConnect desktop client and send to their desired trading platform.

    BitConnect Coin uses a special algorithm called the POW/POS to secure the BCC network. The moment you acquire BCC it becomes an interest bearing asset with 120% return per year through PoS minting. All you have to do to earn with this method is to hold coins in your BitConnect-QT wallet.

    With the BitConnect coin, users can expect a new level of empowerment through an open source platform connecting users socially and financially to a secure, protected community of investors and lenders. BCC owners can also connect with your community and increase your wallet when coin price increase exponentially, allowing you to gain interest.

    Later in 2017, the BitConnect Coin will see more innovations and convenience features added such as the BCC Mining and Staking Pool Launch, providing a way for the community to earn. The BCC will also gain its own “Smart Card” in 2017, bringing all of the everyday usability you demand in a digital currency.

    BitConnect has become simply the world’s fastest growing online Bitcoin community, rising from a concept in Q1 of 2016 to a top 80k website on Alexa. For more information on the BitConnect Exchange, go to https://bitconnect.co/register

  • Leading Japanese Bank Building New Digital Currency

    ​​​Given the roaring success of Bitcoin as a globally traded digital currency, and the rampant cash printing and debt being created in most major economies, it is only a matter of time before digital currency becomes the way of doing business. Nations like the Ukraine and Senegal are creating national digital currencies, and now banks are getting in on the digital currency age. Japan’s largest lender, Mitsubishi UFJ Financial Group Inc., is preparing their own proprietary digital currency, according to sources.

    MUFG will first issue “MUFG coins” to employees of its group companies for domestic remittances, eventually extending the service to attract younger tech-savvy customers, the sources said Tuesday. They will also provide a money transfer service at lower fees, becoming the first major Japanese banking group to launch such a business.

    These coins will enable users to easily split drinking bills using their smartphones and quickly transfer money at lower rates. Users of the virtual currency will be able to open bank accounts called “wallets” on their smartphones. MUFG and other Japanese banks are trying to catch up with European and U.S. rivals in harnessing “fintech,” the combination of financial services and information technology.

    MUFG’s banking unit, Bank of Tokyo-Mitsubishi UFJ, formed a tie-up last year with Coinbase, the world’s largest bitcoin exchange operator, while Mizuho Financial Group Inc. has started a virtual currency service on a trial basis. Last May, the government revised a law to regulate bitcoin and other virtual currencies to prevent their use in crimes such as terrorism and money laundering.

    Virtual currencies are defined as having asset values that can be used for settlement. The law requires exchanges that handle virtual currencies to register with financial authorities. MUFG is planning to start converting the money at a rate of one MUFG coin to ¥1.

    Mitsubishi UFJ Financial Group Inc. says they will issue their virtual currency by March 2018 and they may also develop an ATM to enable customers to withdraw MUFG coins with regular currencies.

    Author : Evander Smart

    Evander Smart worked for many years as a Wall Street banker, and has learned how the economy is self-destructing from the inside. His travels, experience and research have led him to Bitcoin as the best way forward for the common man. He looks to spread the word on how Bitcoin can help anyone break the shackles of economic slavery being created by global establishment forces. Evander gets you thinking about what money really is, and how it will work for you going forward. The world of finance is getting ready for incredible changes, and he is getting ready for what's coming next. Are you? Learn more about "The Future of Money" @ Bitcoin Video University

  • 6 Steps to Superior Bitcoin Privacy and Security in 2017 and Beyond

    ​In a world that is becoming less and less secure, more and more intrusive, and demand for your Bitcoins, and Bitcoin account information is always in demand, Bitcoin users need to be more and more vigilant in their security measures.

    The ethos of Bitcoin itself is to be your own bank, and you, as a personal bank manager, needs to be up to speed on the latest Bitcoin security measures. Are you using these seven steps to Bitcoin security? Here is a refresher to make sure you are properly securing your precious Bitcoin in 2017 and beyond.

    Offline or Cold Storage

    The absolute safest way to protect your valuable Bitcoins is to take them offline, altogether. This can be done with a paper wallet, but a hardware wallet is much more convenient, and the competitive market is driving down prices. You can now get a Trezor or KeepKey for $99 USD, and there are more options upmarket if you want to add more security features and options. Online keep Bitcoins in online wallets that you are comfortable losing to hacking or embezzlement. Many popular online wallet providers like Coinbase and Xapo offer this option as well.

    Two-Factor Authorization (2FA)

    Fairly straight forward security feature. Your wallet should have more than one security protocol to access your Bitcoins, where it is  Google’s Authenticator or a rolling code you type into to access the account, make sure your wallet has 2FA available and activated at all times.

    Keep an offline file of your passcodes, mnemonic seeds and PINs

    Trusting everything to your mobile phone or computer is risky, with theft, hackers and viruses always lurking in the weeds. If you have any considerable amount of Bitcoins, write down all of your log-in credentials in an offline notebook, or even put this information in a safe deposit box. You can’t put cash or gold in these boxes anymore, but you can secure something even more valuable.

    Use a Private Email Service

    Over the last few years, encrypted email providers have started to pop up and add a layer of privacy to the online world in light of the surveillance many popular email systems and apps have suffered. Tutanota, Protonmail and Open Mailbox are good places to start if you want better privacy and end-to-end encryption. If you are your friends want to send Bitcoins to each other, you can share your Bitcoin keys, and Bitcoin intentions, through fully encrypted services like these.

    VPNs or Virtual Private Networks

    Something I have used for years and a really under-utilized service, using a VPN provides many benefits to any online user, including Bitcoin users. You can choose a faster server or a country with less online surveillance. They have hundreds or even thousands of servers to choose from and millions of IP addresses you can switch from every hour if you like. Most can be had for less than $10 USD a month, and many also accept Bitcoin, like BitMyAss.com, which works with the VPN market leader, HideMyAss.com.

    Author : Evander Smart

    Evander Smart worked for many years as a Wall Street banker, and has learned how the economy is self-destructing from the inside. His travels, experience and research have led him to Bitcoin as the best way forward for the common man. He looks to spread the word on how Bitcoin can help anyone break the shackles of economic slavery being created by global establishment forces. Evander gets you thinking about what money really is, and how it will work for you going forward. The world of finance is getting ready for incredible changes, and he is getting ready for what's coming next. Are you? Learn more about "The Future of Money" @ Bitcoin Video University

  • Why Bitcoin Price is GUARANTEED to Exceed $1000 by First Week of 2017

    ​​​I know. I am not exactly going out on a limb here since Bitcoin is already trading at $975-980 USD at this time. Bitcoin is on a “bull-run” unseen since the rise and fall of Mt. Gox in November of 2013. The market dynamics are far different now, far less centralized around one exchange today, and Bitcoin market demand is much higher while Bitcoin supply is now much lower. Now, I have even more good news for Bitcoin investors. In fact, I have a guarantee!

    When was the last time I wrote a guarantee into a headline, in my almost three years of writing Bitcoin news articles? That would be sometime around never. Today, I will make a prediction, a New Year’s resolution, or a guarantee that Bitcoin’s market value MUST exceed $1000 USD by the end of the first week of 2017. It is fait accompli, and I’m being pretty damn conservative here. I’ll be shocked if the price isn’t in excess of $1100 by January 10th, 2017. Here’s why.

    The answer is pretty simple and straight forward, and as usual, it revolves around China. China is by far the largest Bitcoin market in the world, controlling about 95% of the world’s purchasing from fiat into Bitcoin. January 1st is the start of a new year, obviously. This also represents the start of a new annual $50,000 quota to convert the yuan into foreign exchange resets in China. Every year, you can take $50,000 worth of Yuan and invest it elsewhere. It doesn’t take a rocket scientist to see where China loves to put their investment capital these days, or in the days to come.

    “In the new year, the new foreign-exchange purchase quota starts, so we expect yuan positions in January to drop significantly," Liu Dongliang, an analyst at China Merchants Bank Co., noted earlier this month." 

    In other words, come the first week of January, there will be the equivalent of a bank run throughout China, at least by the savvy investors, and they won’t be looking to withdraw $50,000 to buy groceries. Chinese investors will be dumping Yuan to get Bitcoin and other valuable assets like Gold, Silver. Bitcoin’s “bull run” should be expected to continue through at least the first couple of weeks of 2017, if not the entire month of January.

    China’s purchasing power consistently sets the global market price on Bitcoin, so a wise investor would continue to stock up, as their investment will continue to grow in 2017. Maybe this explains the run on BTC tin China taking place as we speak? Maybe Chinese investors are reading the tea leaves for 2017?

    In any event, Bitcoin has made this a Merry Christmas for Bitcoin investors, and it seems destined to also create a Happy New Year for all of those wise enough to invest into what some are calling “The Future of Money.” If you haven’t begun investing in Bitcoin, make your New Year’s Resolution to start now today, and take advantage of a great time to be a Bitcoin investor. I guarantee you will enjoy your investment returns in January of 2017

    If you are new to Bitcoin, feel free to join the community here at bitcoinnect.co, and click here to get a free online education in how you can get started using Bitcoin in 2017, and discover all that a Bitcoin can do for you.

     

    Author : Evander Smart

    Evander Smart worked for many years as a Wall Street banker, and has learned how the economy is self-destructing from the inside. His travels, experience and research have led him to Bitcoin as the best way forward for the common man. He looks to spread the word on how Bitcoin can help anyone break the shackles of economic slavery being created by global establishment forces. Evander gets you thinking about what money really is, and how it will work for you going forward. The world of finance is getting ready for incredible changes, and he is getting ready for what's coming next. Are you? Learn more about "The Future of Money" @ Bitcoin Video University

  • 4 Reasons Why Bitcoin Hasn’t Caught On…Yet

    ​​If you are inside of the Bitcoin community, congratulations! You are more on top of your economic future than 99.99% of the world’s population. You are sitting on the cutting edge, an early adopter, making history. You probably understand just how special Bitcoin is, and may be confused as to why everybody else isn’t going through Bitcoin-mania. Let’s look at 4 reasons why Bitcoin hasn’t taken the world by storm. Maybe you can do something to help “The Future of Money” grow in 2017 and beyond.

    Ignorance

    The biggest problem facing Bitcoin around the world is that the world really doesn’t know about Bitcoin’s capabilities. Hell, there are still a couple of billion people in the world who really don’t use the Internet, so they definitely aren’t using Bitcoin. Other may be older, or less tech savvy, and would not be attracted to something so advanced. If we all just sent any positive Bitcoin news out once a week to our social circles that could help generate some curiosity.

    Bad press from mainstream media

    Bitcoin is getting some good press right now, but it had to more than double in value over the course of 2016 in order to get it. Otherwise, the mainstream media, many times bought and paid for by commercial banking interests, are not about to promote Bitcoin to the masses. There are virtually no advertising dollars from the bitcoin community going to the mainstream media, so what’s in it for them?

    The established financial players who are buying time are really in the mainstream are really competing with Bitcoin’s contrarian message, so when there is bad news, expect to hear about it in the MSM. The only time many people have heard of Bitcoin was when someone is getting ransomware for it, or an exchange folds and millions are lost, so it hasn’t made a good first impression in the mainstream.

    Not needed in influencial markets

    Bitcoin right now does two things. It is a pretty good investment and a fledgling global currency. The fact is the world has Visa, Mastercard, and Amazon 1-touch, so the digital currency angle is going to take awhile to hit home. Life is pretty convenient with payments if riddles with identity theft and counterparty risk. The places that could use Bitcoin the most really don’t have the investment potential or online infrastructure to use it properly. The United States tends to be the global; trendsetter, and as long as the U.S. Dollar is the global reserve currency, America is not going to be big into Bitcoin any time soon, so Bitcoin will have to start its own fire.

    Intimidating

    Bitcoin has come a long way in the three years I’ve been involved in the community as far as its usability, but it still has the perception of being difficult to use. With new debit cards, of good quality, now being able to spend Bitcoins like cash, that should help the mainstream going forward. Hey, my Mom uses it, so it really can’t be that hard to use at this point, but the perception still needs to be overcome and start catching up with reality. It could be easier, but its good enough right now.

    I created Bitcoin Video University to educate the mainstream, so feel free to send any newbies you know my way, but we can all do our part to promote Bitcoin. Come up with an “elevator pitch,” (or use this one) send out a tweet when you hear good Bitcoin news. Bitcoin does not have a public relations department except in us. We can all do more for Bitcoin adoption. Make a New Year’s resolution to stand up for Bitcoin mass adoption, and drop a note to your social media outlets on how well Bitcoin is doing. It’s the least we can do.

    Author : Evander Smart

    Evander Smart worked for many years as a Wall Street banker, and has learned how the economy is self-destructing from the inside. His travels, experience and research have led him to Bitcoin as the best way forward for the common man. He looks to spread the word on how Bitcoin can help anyone break the shackles of economic slavery being created by global establishment forces. Evander gets you thinking about what money really is, and how it will work for you going forward. The world of finance is getting ready for incredible changes, and he is getting ready for what's coming next. Are you? Learn more about "The Future of Money" @ Bitcoin Video University

  • Unocoin, India’s Largest Bitcoin Service Provider, Expands With PayUMoney Partnership

    ​The Bitcoin market in India is heating up with every passing week, and as 2016 comes to a close, the market has a ton of momentum heading into 2017. Unocoin, the premier Bitcoin service provider in India has just inked a partnership with another payment leader in India, merchant services company PayUMoney, to make buying and selling Bitcoin easier than ever

    The partnership between the two is major news, for those who use online payments in India, which is a relatively small but growing market niche. PayU is the payments leader in for merchants in India, controlling almost 60% of India’s e-commerce space. PayUBiz counts Jet Airways, Amazon, Airtel and Snapdeal among its clients.

    "The partnership with PayU is coming at a time when we are seeing a huge increase in the number of wallet users in India,” said Sathvik Vishwanath, CEO of Unocoin. “The ease with which payments can be made via wallets like PayU is certainly going to benefit the Bitcoin buyers and increase accessibility to Bitcoin markets. This is our Christmas gift to Unocoin users."

    Founded in 2013, Unocoin operates a trading platform that enables Indians to buy, sell, store, use and accept bitcoin. With well over 100,000 active customers, Unocoin processes more than 200 Million Rs, or almost $3 Million USD, monthly. This represents a significant amount of business given the fact that the average Indian makes around $30 USD in daily income. Unocoin offers customers Rs 200 (about $3 USD) for opening a new account.

    PayUmoney is currently used by more than two lakh (200,000) merchants across India, so this should spur even wider Bitcoin adoption in 2017, and they claim a user base of approximately 30 million.

    The economic market in India has been turned upside down with the demonetization created by Prime Minister Modi and the central banking system in early November. The popular 500 and 1000 Rs bank notes were decommissioned without notice, ATM are either empty or not working properly at all, and the new 2000 Rs bank note is not attracting much demand.Companies like ZebPay and Unocoin are seeing their Bitcoin businesses in India grow by orders of magnitude every month, and partnerships like this are not just desirable, but for many in the region, becoming necessary.

    Author : Evander Smart

    Evander Smart worked for many years as a Wall Street banker, and has learned how the economy is self-destructing from the inside. His travels, experience and research have led him to Bitcoin as the best way forward for the common man. He looks to spread the word on how Bitcoin can help anyone break the shackles of economic slavery being created by global establishment forces. Evander gets you thinking about what money really is, and how it will work for you going forward. The world of finance is getting ready for incredible changes, and he is getting ready for what's coming next. Are you? Learn more about "The Future of Money" @ Bitcoin Video University