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Bitcoin News

Bitcoin and Crypto Currency News

Browse latest bitcoin news about new businesses that accepts bitcoin and other cryptocurrencies, blockchain technology, and regulations of bitcoin. We report on latest crypto currency news, prices, talks and new start up related to bitcoin and other crypto currency.




  • BitConnect Interviews Director of “Banking on Bitcoin;” See Exclusive Movie Clip

    With all of the recent exciting news about Bitcoin price and value over the holidays and New Year, we almost forgot that Bitcoin is getting a new feature film released this week called “Banking on Bitcoin.” It would appear that by sheer luck the timing of this new release couldn’t be any better, as Bitcoin is approaching a new all-time high in market value.

    With a documentary feel and a cast that reads like the who’s-who of Bitcoin, we sat down with the director, Christopher Cannucciari, and discussed the genesis of this film about the world of decentralized digital currency.

    Who was the driving force behind the film?

    “The film began in late 2013 and for as much media coverage surrounding the rising price of Bitcoin, there was very little about how Bitcoin could interact with current financial institutions and national currencies. There were many who were looking into this and I wanted to give them a bigger voice. In those days it was easy to get caught up in the excitement of Bitcoin’s grand experiment, but we really had no idea if it would change money forever or die on the vine. Now we are seeing Cryptocurrency not only changing money but contracts, networks and so much more.”

    “Along the way, we noticed that government organizations were becoming increasingly interested in Bitcoin and it was clear that Cryptocurrency would leave the hypothetical disruptive phase and truly begin to test the boundaries of what sovereign governments would allow. In some ways, the attempts at Bitcoin regulation have been negative, especially for new players. Despite this the fact that it has garnered so much attention from those in business and office, that Bitcoin has gained a certain permanence after weathering these and many other storms.”

    What was the reason, the vision behind this film being made?

    “I wanted to offer not only a snapshot of Bitcoin’s arrival to the public at large but preserve the history of this time through the eyes of those who were involved in taking Bitcoin from the computer to the public. People like Erik Voorhees, The Winklevoss Twins, and Nick Spanos were crucial for getting Bitcoin in front of people who would have otherwise been fearful of it.”

    “I also wanted to follow through with the eventual response from the Government and the banks which Bitcoin had been invented to disrupt. The predictable regulatory response seemed enviable after the systematic demonization of Bitcoin through the Silk Road and BitInstant prosecutions, but what unexpected for us was from the banks. Rather than fight the technology meant to make them obsolete, the banks began to co-opt Bitcoin for their own ends.”

    What is expected to come from this film? What is the end goal?

    “There were two goals essential to making this film; firstly to document and preserve what I felt was the most crucial time period in Cryptocurrency, growth from enthusiasts and programmers to the wider public. Of course, this includes the big three Bitcoin press stories, Mt. Gox, Silk Road and the Satoshi Nakamoto hunt, but we wanted to use those moments to help a new audience look deeper at why Bitcoin has gained so much attention and how these events both hurt and helped Bitcoin’s growth.

    “The second goal was to help start the conversation about how disruptive we want our new technologies. Should we fight for more or less regulation of new powerful tools like Bitcoin? Should we call out the double standards of traditional banking versus banking with Bitcoin? And should be ok with currency controls or allow the public the chance to be in full control of untethered currency?”

    Check out the interview with movie director “Banking on Bitcoin.

    “Banking on Bitcoin” stars Charlie Shrem, Gavin Andresen, Erik Voorheen, Barry Silbert, Cameron Winklevoss, Tyler Winklevoss, Benjamin Lawsky (BitLicense creator,) Alex Winter (‘Deep Web’ creator,) Nathanial Popper, Andy Greenberg and Paul Vigna. Here is an exclusive clip of the movie, which premiers on Friday, January 6th. Visit Gravitas Ventures for more release details.

    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.co Sits Down with Brave Browser CEO Brendan Eich

    It has been quite a couple of months for the young Internet browsing company known as Brave. Living up to their namesake, they have received much notoriety since their launch earlier this year, yet the backlash from the online publishing establishment has been just as noteworthy. BitConnect.co sat down with former Chief Architect of Netscape and Mozilla to get the low down on their innovative new web browser, and where Bitcoin fits into the mix.

    What was the genesis of the Brave project and how long has this been in the making?

    Brave Browser CEO Brendan Eich

    "I was working on the idea since late 2014 and got the first seed investment in May 2015. We launched on January 20th of 2016."

    What was the hardest part of creating a new web browser? Did your company benchmark Chrome or other popular browsers for design and functionality?

    “Yes, we benchmark all the time. We started with a Mozilla framework called Graphene around the Gecko engine, but in a multi-benchmark and API-scored bake-off, that approach lost cleanly to Electron / chromium in late November 2015. So we switched.”

    "On mobile operating systems, we are, of course, constrained by license rules or just competitive parity to use the bundled web view: UIWebView on iOS, and the OS's chromium web view on Android.”

    How and why did Bitcoin enter the Brave project?

    “I met with Mike Belshe, a founder of BitGo, in summer 2015 to discuss payment systems and their trade-offs. I knew Mike from Netscape, and later from his time at Google while I was at Mozilla. It became clear that BTC as a cryptocurrency, and BitGo as a partner, made sense for Brave. We needed permissionless but auditable in the large payments; we needed "Bitcoin under the hood", implicitly created wallets -- so an enterprise approach as BitGo exemplifies won for us.”

    As you may know, Bitcoin is at somewhat of a crossroads, and your timing is very interesting for this new project. This summer, no one really knows where Bitcoin is going when it comes to its scalability. If there are serious issues affecting Bitcoin this summer, do you have a Plan B when it comes to taking digital currency payments? Can you or will you take other altcoins in the future instead, if necessary?

    “We share the concern but play it by ear since our use is "under the hood". If we thought Ethereum was the better choice, we could switch. If BTC falters there will be a successor, likely one close to the current system. The decentralized ledger / sybil-attack-resistant cryptocurrency genie is out of the bottle, and we are confident that no one will stuff it back in.” (For more information on this, go to https://www.youtube.com/watch?v=DE0miV8YBBw&feature=youtu.be)."

    How is the Brave browser project going? Can you quantify its early progress?

    "We are growing as expected, and we predict even faster growth in the short run, as we adopt popular chromium extensions such as 1Password (see our 0.9 developer release last Friday)."

    Are mainstream websites establishing Bitcoin wallets to work with Brave?

    "No. We create the wallets eagerly, and hand over private keys when enough funds are deposited to attract publishers to "come and get your money".

    How is the acceptance of your browser going among the largest sites online as far as cooperation?

    "That's a great question in light of this week's news. Please see our blog for the latest in this regard (https://brave.com/blogpost_4.html.) We are working with the most enlightened publishers on win/win plans going forward.”

    Thank you for your time, Mr. Eich, and good luck!

    Image provided by itsfoss.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