Bitcoin Magazine, 1/1/0001 12:00 AM PST Ripple Labs, the creators and developers of the Ripple network, have appointed Donald Donahue, former CEO of The Depository Trust & Clearing Corporation (DTCC), as an adviser. The new addition to the advisory board comes amid the digital currency startup’s efforts to push adoption of the Ripple payment network onto banks and financial institutions. DTCC is one of the largest clearing houses of securities and derivatives in the United States, processing $1.6 quadrillion worth of transactions last year. It is also one of the largest clearing houses in the world. “I’m very interested in the capabilities distributed payment technologies seem to offer for improving the safety, soundness and cost effectiveness of global payments and settlement infrastructures,” Donahue said in a […] The post Former CEO of Depository Trust & Clearing Corporation Joins Ripple Labs as Advisor appeared first on Bitcoin Magazine. |
Bitcoin Magazine, 1/1/0001 12:00 AM PST Ripple Labs, the creators and developers of the Ripple network, have appointed Donald Donahue, former CEO of The Depository Trust & Clearing Corporation (DTCC), as an adviser. The new addition to the advisory board comes amid the digital currency startup’s efforts to push adoption of the Ripple payment network onto banks and financial institutions. DTCC is one of the largest clearing houses of securities and derivatives in the United States, processing $1.6 quadrillion worth of transactions last year. It is also one of the largest clearing houses in the world. “I’m very interested in the capabilities distributed payment technologies seem to offer for improving the safety, soundness and cost effectiveness of global payments and settlement infrastructures,” Donahue said in a […] The post Former CEO of Depository Trust & Clearing Corporation Joins Ripple Labs as Advisor appeared first on Bitcoin Magazine. |
Bitcoin Magazine, 1/1/0001 12:00 AM PST In February, Bitcoin Magazine reported Google’s preliminary announcement of Android Pay. Now, at the annual Google I/O event on May 28 and 29, Google officially announced its upcoming payment platform and revealed more details. Android Pay isn’t a separate payment app, but an open platform that enables developers to integrate mobile payments into their apps. In fact, Android Pay is built right into the core Android operating system. It will be available for download from Google Play soon, and included in the next version of the Android OS – dubbed Android M – expected to be released this fall. “[W]e’ve approached Android Pay the same way we approach every other part of the Android family – partnering with the ecosystem […] The post Android Pay Unveiled at Google I/O Could Make Mobile Payments Ubiquitous appeared first on Bitcoin Magazine. |
Bitcoin Magazine, 1/1/0001 12:00 AM PST As the Bitcoin community awaits New York State’s BitLicense regulations, expected to be released today, the debate about regulating digital currencies is in full swing. Director of the Massachusetts Institute of Technology (MIT) Media Lab Joi Ito recently commented on the need to regulate in an AMA (Ask Me Anything) on Reddit saying: “If we want Bitcoin to be widely adopted by people around the world, we need to make governments comfortable so that they don’t overregulate. Otherwise, it will become a sort of underground thing that is useful for only those people savvy or intent enough to use it…” Recognizing the inevitability of some form of government regulation, Ito said, “I think the key is that the regulators shouldn’t […] The post MIT’s Joi Ito Calls for a ‘Supporting’ Role for Governments as Community Awaits BitLicense Release appeared first on Bitcoin Magazine. |
Bitcoin Magazine, 1/1/0001 12:00 AM PST ECUREX, a digital finance marketplace for professional traders and financial institutions headquartered in Zurich, announced that it has become the first digital currency exchange platform to be fully compliant with the Swiss Banking Act. ECUREX has also been the first digital currency exchange platform to be compliant with the Swiss Anti-Money Laundering (AML) Act since April 2014. Switzerland considers digital currencies such as bitcoin equivalent to any other foreign currency. This means that the professional operation of Bitcoin trading platforms constitutes financial intermediation with the requirement to comply with both the Banking Act and the AML Act. “Switzerland probably has the most challenging regulatory environment for such a business and we are thrilled to be the first with a business […] The post ECUREX Becomes First Digital Currency Platform Fully Compliant with Swiss Banking Acts appeared first on Bitcoin Magazine. |
Bitcoin Magazine, 1/1/0001 12:00 AM PST SuperNET, a mega network of cryptocurrencies that offers innovation in the digital currency sector, has announced its Platinum Sponsorship of the unprecedented Drachmae project. Drachmae undergoing research in Greece to see if the technology has a viable opportunity as a parallel digital currency to the Euro. Groundbreaking Crypto777 technology will enable private chains for Drachmae users. SuperNET was founded almost 9 months ago, and in that time has built up the largest collaborative network of digital currency developers and enthusiasts in the world: with over 700 members. Drachmae, its newest entrant offers an unprecedented project to outline a “Blockchain Solution For Greece”. Drachmae’s founder, Lee Grant of Coinstructors, is currently in Greece on an exploratory trip for a small test […] The post SuperNET Sponsors Drachmae “Blockchain Solution For Greece” Project appeared first on Bitcoin Magazine. |
CoinDesk, 1/1/0001 12:00 AM PST The amount of content created on Taringa has risen by an average 40-50% since the company started tipping its content creators with bitcoin. |
CoinDesk, 1/1/0001 12:00 AM PST Digital currency startup Ripple Labs has appointed Donald Donahue, former CEO of the Depository Trust & Clearing Corporation (DTCC) as an advisor to the company. DTCC is the main clearing house for US securities and derivatives, processing more than $1.6 quadrillion in transactions per year. In his role as COO and then CEO, Donahue is […] |
CryptoCoins News, 1/1/0001 12:00 AM PST Crypto Public Notary, a free notary service using the bitcoin block chain to provide digital document provenance, recently launched. Digital document provenance is the ability to prove a document existed at a specific point in time, according to Alex Sherbuck, the creator of Crypto Public Notary. Using an address derived from the cryptographic hash of […] The post Crypto Public Notary Uses Bitcoin Block Chain To Notarize Digital Content appeared first on CryptoCoinsNews. |
CryptoCoins News, 1/1/0001 12:00 AM PST Imagine life as a the patriarchal head of a fiat currency banking empire. Life is good, with the ability to create fiat currency out of thin air, thanks to fractional reserve banking practices which effectively legalizes counterfeiting money. You compare notes with other billionaires. Your donations and campaign influence have politicians wrapped around your finger […] The post Banking Billionaire Fears Future of Bitcoin vs. Banks appeared first on CryptoCoinsNews. |