Coin News

Alternative blockchain project Ethereum has released new details about the state of funding collected during its initial crowdsale.

Facebook is down again, just a few days after the last outage.

The post Facebook is Down Again appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Bitcoin price rallied, today, at the start of the Asia-Pacific session. The initial push was strongest and has since waned as price approaches resistance. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis Time of analysis: 15h31 UTC BTC-China 4-Hour Chart From the analysis pages of xbt.social, earlier today: To the upside, we have the 4-hour 800MA (purple). If BTC-China and Huobi can push above their 1-day 200MA then the 4-hour 800MA becomes a target at […]

The post Bitcoin Price Up In A Bullish Fever appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Bank of America (BoA) has filed a patent application titled “System and Method for Wire Transfers Using Cryptocurrency .” The application was filed in March and published on September 17 by the U.S. Patents and Trademarks Office.

The BoA filing describes an alternative to traditional wire transfers. The funds are first transferred to a cryptocurrency exchange, then converted to a cryptocurrency such as bitcoin, then sent to another exchange, and finally converted into another currency for the recipient. In other words, BoA wants to patent the concept of using a cryptocurrency as a transparent intermediate step for fiat currency transfers.

“A system includes a memory and a processor,” reads the abstract of the filing. “The processor is coupled to the memory and causes the system to receive an electronic request for a fund transfer and initiate a debit of a first amount of a first currency from a customer account. In response to determining using cryptocurrency is optimal, the processor can transfer the first amount of the first currency into an account associated with a first cryptocurrency exchange and initiate the purchase of a first quantity of a cryptocurrency from the first cryptocurrency exchange. The processor can transfer the first quantity of the cryptocurrency to a second cryptocurrency exchange and initiate the sale of the first quantity of the cryptocurrency at the second cryptocurrency exchange. The processor is further able to initiate the transfer of at least a portion of the resulting currency to a recipient.”

The system includes means to determine which transfer method – including cryptocurrency – is optimal in a given case. The decision strategy is based on time factors, price factors, exchange rates, fees charged by third parties, volatility and other relevant information. If using cryptocurrency is found to be optimal, the system includes means to determine which cryptocurrency or exchange should be used. For example, the system “may choose a particular cryptocurrency exchange because the cryptocurrency is priced favorably (e.g., cheap if purchasing, expensive if selling) or because the cryptocurrency exchange has a relationship with the enterprise.”

BoA claims that the system described in the patent application can reduce or eliminate disadvantages and problems associated with traditional wire transfers. The application notes that enterprises handle a large number of foreign wire transfer requests on a daily basis, and foreign transactions are becoming more common. The BoA filing is focused on making cross-border transactions faster: “It may be desirable to conduct a foreign wire transfer in less time than what current foreign wire transfer systems allow.”

The proposed BoA system can bypass traditional wire services, reduce the dependency on third party networks, and increase the reliability of fund transfers. Cryptocurrency-mediated transfers permit completing a foreign fund transfer in less time than traditional wire transfers, avoiding delays that may be caused by third party systems and services. Furthermore, transferring funds using a cryptocurrency reduces the need to transfer customer data to third-party systems, thus increasing control and security of customer data.

As usual with patents, the application tries to cover all possible technical implementations and use cases, and defines cryptocurrencies in a generic way. “A cryptocurrency is typically a peer-to-peer, decentralized, digital currency whose implementation relies on the principles of cryptography to validate transactions and generate the currency itself,” reads the filing. “Some examples of cryptocurrencies are: Bitcoin, Litecoin, Ripple, Peercoin, and Dogecoin. In some instances, a cryptocurrency, such as MintChip, may be backed by a government (e.g., Canada).”

Today, many banks and financial operators are warming up to the potential of digital currencies to reduce the time and cost of fund transfers, especially cross-border transfers. The BoA patent application tries to cover both existing and future cryptocurrencies, and all systems that use a cryptocurrency as a transparent intermediate step for fund transfers in fiat currencies. It seems likely that BoA is trying to claim ownership of cryptocurrency-mediated fund transfers, which might become commonplace soon. Of course, the move has been criticized by Bitcoin users, for example in this Bitcointalk discussion thread .

The post Bank of America Files Patent Application for Cryptocurrency-Mediated Wire Transfers appeared first on Bitcoin Magazine.

Bank of America (BoA) has filed a patent application titled “System and Method for Wire Transfers Using Cryptocurrency .” The application was filed in March and published on September 17 by the U.S. Patents and Trademarks Office.

The BoA filing describes an alternative to traditional wire transfers. The funds are first transferred to a cryptocurrency exchange, then converted to a cryptocurrency such as bitcoin, then sent to another exchange, and finally converted into another currency for the recipient. In other words, BoA wants to patent the concept of using a cryptocurrency as a transparent intermediate step for fiat currency transfers.

“A system includes a memory and a processor,” reads the abstract of the filing. “The processor is coupled to the memory and causes the system to receive an electronic request for a fund transfer and initiate a debit of a first amount of a first currency from a customer account. In response to determining using cryptocurrency is optimal, the processor can transfer the first amount of the first currency into an account associated with a first cryptocurrency exchange and initiate the purchase of a first quantity of a cryptocurrency from the first cryptocurrency exchange. The processor can transfer the first quantity of the cryptocurrency to a second cryptocurrency exchange and initiate the sale of the first quantity of the cryptocurrency at the second cryptocurrency exchange. The processor is further able to initiate the transfer of at least a portion of the resulting currency to a recipient.”

The system includes means to determine which transfer method – including cryptocurrency – is optimal in a given case. The decision strategy is based on time factors, price factors, exchange rates, fees charged by third parties, volatility and other relevant information. If using cryptocurrency is found to be optimal, the system includes means to determine which cryptocurrency or exchange should be used. For example, the system “may choose a particular cryptocurrency exchange because the cryptocurrency is priced favorably (e.g., cheap if purchasing, expensive if selling) or because the cryptocurrency exchange has a relationship with the enterprise.”

BoA claims that the system described in the patent application can reduce or eliminate disadvantages and problems associated with traditional wire transfers. The application notes that enterprises handle a large number of foreign wire transfer requests on a daily basis, and foreign transactions are becoming more common. The BoA filing is focused on making cross-border transactions faster: “It may be desirable to conduct a foreign wire transfer in less time than what current foreign wire transfer systems allow.”

The proposed BoA system can bypass traditional wire services, reduce the dependency on third party networks, and increase the reliability of fund transfers. Cryptocurrency-mediated transfers permit completing a foreign fund transfer in less time than traditional wire transfers, avoiding delays that may be caused by third party systems and services. Furthermore, transferring funds using a cryptocurrency reduces the need to transfer customer data to third-party systems, thus increasing control and security of customer data.

As usual with patents, the application tries to cover all possible technical implementations and use cases, and defines cryptocurrencies in a generic way. “A cryptocurrency is typically a peer-to-peer, decentralized, digital currency whose implementation relies on the principles of cryptography to validate transactions and generate the currency itself,” reads the filing. “Some examples of cryptocurrencies are: Bitcoin, Litecoin, Ripple, Peercoin, and Dogecoin. In some instances, a cryptocurrency, such as MintChip, may be backed by a government (e.g., Canada).”

Today, many banks and financial operators are warming up to the potential of digital currencies to reduce the time and cost of fund transfers, especially cross-border transfers. The BoA patent application tries to cover both existing and future cryptocurrencies, and all systems that use a cryptocurrency as a transparent intermediate step for fund transfers in fiat currencies. It seems likely that BoA is trying to claim ownership of cryptocurrency-mediated fund transfers, which might become commonplace soon. Of course, the move has been criticized by Bitcoin users, for example in this Bitcointalk discussion thread .

The post Bank of America Files Patent Application for Cryptocurrency-Mediated Wire Transfers appeared first on Bitcoin Magazine.

Bank of America (BoA) has filed a patent application titled “System and Method for Wire Transfers Using Cryptocurrency .” The application was filed in March and published on September 17 by the U.S. Patents and Trademarks Office.

The BoA filing describes an alternative to traditional wire transfers. The funds are first transferred to a cryptocurrency exchange, then converted to a cryptocurrency such as bitcoin, then sent to another exchange, and finally converted into another currency for the recipient. In other words, BoA wants to patent the concept of using a cryptocurrency as a transparent intermediate step for fiat currency transfers.

“A system includes a memory and a processor,” reads the abstract of the filing. “The processor is coupled to the memory and causes the system to receive an electronic request for a fund transfer and initiate a debit of a first amount of a first currency from a customer account. In response to determining using cryptocurrency is optimal, the processor can transfer the first amount of the first currency into an account associated with a first cryptocurrency exchange and initiate the purchase of a first quantity of a cryptocurrency from the first cryptocurrency exchange. The processor can transfer the first quantity of the cryptocurrency to a second cryptocurrency exchange and initiate the sale of the first quantity of the cryptocurrency at the second cryptocurrency exchange. The processor is further able to initiate the transfer of at least a portion of the resulting currency to a recipient.”

The system includes means to determine which transfer method – including cryptocurrency – is optimal in a given case. The decision strategy is based on time factors, price factors, exchange rates, fees charged by third parties, volatility and other relevant information. If using cryptocurrency is found to be optimal, the system includes means to determine which cryptocurrency or exchange should be used. For example, the system “may choose a particular cryptocurrency exchange because the cryptocurrency is priced favorably (e.g., cheap if purchasing, expensive if selling) or because the cryptocurrency exchange has a relationship with the enterprise.”

BoA claims that the system described in the patent application can reduce or eliminate disadvantages and problems associated with traditional wire transfers. The application notes that enterprises handle a large number of foreign wire transfer requests on a daily basis, and foreign transactions are becoming more common. The BoA filing is focused on making cross-border transactions faster: “It may be desirable to conduct a foreign wire transfer in less time than what current foreign wire transfer systems allow.”

The proposed BoA system can bypass traditional wire services, reduce the dependency on third party networks, and increase the reliability of fund transfers. Cryptocurrency-mediated transfers permit completing a foreign fund transfer in less time than traditional wire transfers, avoiding delays that may be caused by third party systems and services. Furthermore, transferring funds using a cryptocurrency reduces the need to transfer customer data to third-party systems, thus increasing control and security of customer data.

As usual with patents, the application tries to cover all possible technical implementations and use cases, and defines cryptocurrencies in a generic way. “A cryptocurrency is typically a peer-to-peer, decentralized, digital currency whose implementation relies on the principles of cryptography to validate transactions and generate the currency itself,” reads the filing. “Some examples of cryptocurrencies are: Bitcoin, Litecoin, Ripple, Peercoin, and Dogecoin. In some instances, a cryptocurrency, such as MintChip, may be backed by a government (e.g., Canada).”

Today, many banks and financial operators are warming up to the potential of digital currencies to reduce the time and cost of fund transfers, especially cross-border transfers. The BoA patent application tries to cover both existing and future cryptocurrencies, and all systems that use a cryptocurrency as a transparent intermediate step for fund transfers in fiat currencies. It seems likely that BoA is trying to claim ownership of cryptocurrency-mediated fund transfers, which might become commonplace soon. Of course, the move has been criticized by Bitcoin users, for example in this Bitcointalk discussion thread .

The post Bank of America Files Patent Application for Cryptocurrency-Mediated Wire Transfers appeared first on Bitcoin Magazine.

Bank of America (BoA) has filed a patent application titled “System and Method for Wire Transfers Using Cryptocurrency .” The application was filed in March and published on September 17 by the U.S. Patents and Trademarks Office.

The BoA filing describes an alternative to traditional wire transfers. The funds are first transferred to a cryptocurrency exchange, then converted to a cryptocurrency such as bitcoin, then sent to another exchange, and finally converted into another currency for the recipient. In other words, BoA wants to patent the concept of using a cryptocurrency as a transparent intermediate step for fiat currency transfers.

“A system includes a memory and a processor,” reads the abstract of the filing. “The processor is coupled to the memory and causes the system to receive an electronic request for a fund transfer and initiate a debit of a first amount of a first currency from a customer account. In response to determining using cryptocurrency is optimal, the processor can transfer the first amount of the first currency into an account associated with a first cryptocurrency exchange and initiate the purchase of a first quantity of a cryptocurrency from the first cryptocurrency exchange. The processor can transfer the first quantity of the cryptocurrency to a second cryptocurrency exchange and initiate the sale of the first quantity of the cryptocurrency at the second cryptocurrency exchange. The processor is further able to initiate the transfer of at least a portion of the resulting currency to a recipient.”

The system includes means to determine which transfer method – including cryptocurrency – is optimal in a given case. The decision strategy is based on time factors, price factors, exchange rates, fees charged by third parties, volatility and other relevant information. If using cryptocurrency is found to be optimal, the system includes means to determine which cryptocurrency or exchange should be used. For example, the system “may choose a particular cryptocurrency exchange because the cryptocurrency is priced favorably (e.g., cheap if purchasing, expensive if selling) or because the cryptocurrency exchange has a relationship with the enterprise.”

BoA claims that the system described in the patent application can reduce or eliminate disadvantages and problems associated with traditional wire transfers. The application notes that enterprises handle a large number of foreign wire transfer requests on a daily basis, and foreign transactions are becoming more common. The BoA filing is focused on making cross-border transactions faster: “It may be desirable to conduct a foreign wire transfer in less time than what current foreign wire transfer systems allow.”

The proposed BoA system can bypass traditional wire services, reduce the dependency on third party networks, and increase the reliability of fund transfers. Cryptocurrency-mediated transfers permit completing a foreign fund transfer in less time than traditional wire transfers, avoiding delays that may be caused by third party systems and services. Furthermore, transferring funds using a cryptocurrency reduces the need to transfer customer data to third-party systems, thus increasing control and security of customer data.

As usual with patents, the application tries to cover all possible technical implementations and use cases, and defines cryptocurrencies in a generic way. “A cryptocurrency is typically a peer-to-peer, decentralized, digital currency whose implementation relies on the principles of cryptography to validate transactions and generate the currency itself,” reads the filing. “Some examples of cryptocurrencies are: Bitcoin, Litecoin, Ripple, Peercoin, and Dogecoin. In some instances, a cryptocurrency, such as MintChip, may be backed by a government (e.g., Canada).”

Today, many banks and financial operators are warming up to the potential of digital currencies to reduce the time and cost of fund transfers, especially cross-border transfers. The BoA patent application tries to cover both existing and future cryptocurrencies, and all systems that use a cryptocurrency as a transparent intermediate step for fund transfers in fiat currencies. It seems likely that BoA is trying to claim ownership of cryptocurrency-mediated fund transfers, which might become commonplace soon. Of course, the move has been criticized by Bitcoin users, for example in this Bitcointalk discussion thread .

The post Bank of America Files Patent Application for Cryptocurrency-Mediated Wire Transfers appeared first on Bitcoin Magazine.

Bank of America (BoA) has filed a patent application titled “System and Method for Wire Transfers Using Cryptocurrency .” The application was filed in March and published on September 17 by the U.S. Patents and Trademarks Office.

The BoA filing describes an alternative to traditional wire transfers. The funds are first transferred to a cryptocurrency exchange, then converted to a cryptocurrency such as bitcoin, then sent to another exchange, and finally converted into another currency for the recipient. In other words, BoA wants to patent the concept of using a cryptocurrency as a transparent intermediate step for fiat currency transfers.

“A system includes a memory and a processor,” reads the abstract of the filing. “The processor is coupled to the memory and causes the system to receive an electronic request for a fund transfer and initiate a debit of a first amount of a first currency from a customer account. In response to determining using cryptocurrency is optimal, the processor can transfer the first amount of the first currency into an account associated with a first cryptocurrency exchange and initiate the purchase of a first quantity of a cryptocurrency from the first cryptocurrency exchange. The processor can transfer the first quantity of the cryptocurrency to a second cryptocurrency exchange and initiate the sale of the first quantity of the cryptocurrency at the second cryptocurrency exchange. The processor is further able to initiate the transfer of at least a portion of the resulting currency to a recipient.”

The system includes means to determine which transfer method – including cryptocurrency – is optimal in a given case. The decision strategy is based on time factors, price factors, exchange rates, fees charged by third parties, volatility and other relevant information. If using cryptocurrency is found to be optimal, the system includes means to determine which cryptocurrency or exchange should be used. For example, the system “may choose a particular cryptocurrency exchange because the cryptocurrency is priced favorably (e.g., cheap if purchasing, expensive if selling) or because the cryptocurrency exchange has a relationship with the enterprise.”

BoA claims that the system described in the patent application can reduce or eliminate disadvantages and problems associated with traditional wire transfers. The application notes that enterprises handle a large number of foreign wire transfer requests on a daily basis, and foreign transactions are becoming more common. The BoA filing is focused on making cross-border transactions faster: “It may be desirable to conduct a foreign wire transfer in less time than what current foreign wire transfer systems allow.”

The proposed BoA system can bypass traditional wire services, reduce the dependency on third party networks, and increase the reliability of fund transfers. Cryptocurrency-mediated transfers permit completing a foreign fund transfer in less time than traditional wire transfers, avoiding delays that may be caused by third party systems and services. Furthermore, transferring funds using a cryptocurrency reduces the need to transfer customer data to third-party systems, thus increasing control and security of customer data.

As usual with patents, the application tries to cover all possible technical implementations and use cases, and defines cryptocurrencies in a generic way. “A cryptocurrency is typically a peer-to-peer, decentralized, digital currency whose implementation relies on the principles of cryptography to validate transactions and generate the currency itself,” reads the filing. “Some examples of cryptocurrencies are: Bitcoin, Litecoin, Ripple, Peercoin, and Dogecoin. In some instances, a cryptocurrency, such as MintChip, may be backed by a government (e.g., Canada).”

Today, many banks and financial operators are warming up to the potential of digital currencies to reduce the time and cost of fund transfers, especially cross-border transfers. The BoA patent application tries to cover both existing and future cryptocurrencies, and all systems that use a cryptocurrency as a transparent intermediate step for fund transfers in fiat currencies. It seems likely that BoA is trying to claim ownership of cryptocurrency-mediated fund transfers, which might become commonplace soon. Of course, the move has been criticized by Bitcoin users, for example in this Bitcointalk discussion thread .

The post Bank of America Files Patent Application for Cryptocurrency-Mediated Wire Transfers appeared first on Bitcoin Magazine.

Financial disruption from the inside

Regulation makes it impossible today for most institutional investors to invest in Bitcoin. However, there are many new players trying to circumvent regulatory boundaries, or innovate from inside, instead of trying to change the regulations altogether. Innovation, instead of regulatory change, is a faster, cheaper and easier approach to change in many innovators' and entrepreneurs' eyes.

One of those companies is XBT Provider. In May, it launched the world’s first Bitcoin-based asset “Bitcoin Tracker One” and just recently announced its second product, a Euro-denominated Bitcoin-based security, Bitcoin Tracker EUR, available through Nasdaq Nordic on October 5.

"We are proud to offer a Euro-denominated instrument to meet demand from investors worldwide,” said Alexander Marsh, CEO of XBT Provider.

The demand for Bitcoin has seen very high growth since its inception in 2009 but this demand has been accessible only for private individuals or investors who have had the flexibility to invest outside of regulated exchanges. Looking at the demand from institutional investors, this might rapidly be changing and, according to Marsh, “Bitcoin Tracker One has during periods been among the top three most-traded ETNs on Nasdaq Nordic since launch.”

Attractive investment to diversify portfolio

Through the opening of Bitcoin-based assets accessible on the regular stock exchange, XBT Provider is looking to get institutional investors to understand the benefit of having Bitcoin in their portfolios, but more education is needed. “One of the advantages of diversifying your portfolio with bitcoin is that it’s still uncorrelated with other assets.” Johan Wattenström, Partner at XBT Provider explains. “Additionally, a critical number of triggers and catalysts in the Bitcoin ecosystem are now in place for a further take-off in the price.”

The volatility that has followed Bitcoin has been seen as both a blessing and a curse. For the regular investor, volatility in an asset is often seen as something negative that has to be avoided to have a stable portfolio. However, volatility for the institutional investors, and crafty traders, is instead seen as something very positive since they can capture the upward price movements and make a profit from them.

Bitcoin no longer an untouchable asset

There are a few benefits for investors to invest in ETNs instead of directly in the underlying asset or in an ETF. First, ETNs can track one unique asset without needing to diversify its holdings such as an ETF often must. Additionally, it can increase liquidity in otherwise highly illiquid assets. Lastly, it can give investors access to assets that are otherwise too hard to manage or require too much prior knowledge to maintain properly.

This makes ETNs a very common choice for investors who would like to invest in niche assets without needing to spend time and resources learning and understanding the underlying asset's technical aspects.

From Sweden to the world

Bitcoin Tracker One is denominated in Swedish krona, which, being a minor currency in the global financial markets, has led to some still being hesitant to invest. Bitcoin Tracker EUR aims at changing this by making the steps for investing in bitcoin as few as possible. Being denominated in euros, it can lower fees and make bitcoin much more accessible to the global investor.

Compared to bitcoin, Bitcoin Tracker One has seen incredible growth since its launch a few months ago and is currently holding more than 15,000 bitcoin. This opens up the question whether the next step to Bitcoin’s growth will come from the institutional side and not from the private investor. Additionally, it has followed the price of bitcoin on a 1:1 ratio consistently, which shows that, if managed properly, bitcoin can be considered as any other financial asset that institutional investors could consider investing in.

The post Bitcoin Tracker One ETN Offers Liquidity to European Investors appeared first on Bitcoin Magazine.

A team of creative technologists have launched a crowdfunding campaign for a digital piggy bank and app that will enable children to save in bitcoin.

NeuCoin, the international digital currencies project supported by three nonprofit foundations, has launched its digital currency for online games, videos and music and has already listed the coin on two exchanges with more to come.

NeuCoin is designed for use cases such as playing freemium games online or on mobile phones without needing a wallet address or QR code – the new NeuCoin will be payable right onthe game site whether it’s on iPhone or a tablet.

NeuCoin can also be traded and exchanged for bitcoin on Bittrex and Cryptsy exchanges and more exchanges will be carrying it in the near future.

Dan Kaufman, NeuCoin project cofounder told Bitcoin Magazine:

“The key points, in my opinion, are that NeuCoin isn't just another blockchain – it's a whole ecosystem of services – all aimed at making crypto more accessible and getting NeuCoin into the hands of millions of mainstream users, through games, social media and strategic distribution.”

NeuCoin’s Top Priority is Online/Mobile Games

Kaufman told Bitcoin Magazine that the project plans to focus on developing and releasing games as it’s current priority: “NeuCoin isn't just another coin – it's a whole ecosystem of consumer-facing services – all aimed at growth and acquiring lots of mainstream users from outside the crypto world. It’s about reaching new audiences in a fun way and putting crypto in the hands of millions of regular users through games and social media.”

Kaufman added:

“Having a meaningful user base of NeuCoin-holding players will be an important leverage point as we work with leading game publishers with large existing user bases to integrate NeuCoin.”

NeuCoin is developingtwo prototype online and mobile games (based on popular games) that will demonstrate how NeuCoin can be incorporated into the gaming experience.

“The first NeuCoin-integrated game, coming very soon, is basedon one of the most popular card games in the world and will show how to engageusers by letting them earn a few NeuCoins for playing, then using them to level up or challenge their friends. Instead of having to pay 5 bucks to buy “in-game tokens,” which is the way most games monetize, the player actually wins NeuCoins,” added Kaufman.

In addition, theproject is releasing MyNeuCoin – the new online wallet that allows users to manage their NeuCoins with just an email and password to access a “super easy, intuitive interface.”

And NeuCoin “Growth Accounts” let users transfer their NeuCoins into long-term “savings” accounts and earn NeuCoin rewards on their deposits.

Behind the scenes, users contributing NeuCoins to a proof-of-stake mining pool, and keeping most of the rewards. “This will be the first time in the crypto-space that regularconsumers get to participate in mining. We think it will help convert casual NeuCoin users into long-term members of the NeuCoin community.“

The NueCoin website has a consumer onboarding area that introduces and explains the digital currency to new users.

NeuCoin is also partnering with major music and video content providersto develop micro-payment solutions for tipping, pay-per-view, ad-free and micro-subscriptions, with user acquisition fuelled by freemium distribution of NeuCoin.

Image Lian Chang / Flickr(CC)

The post NeuCoin Launches a New Digital Currency for Online and Mobile Gaming appeared first on Bitcoin Magazine.

Variety Jones, believed by some to be the Silk Road architect and a mentor to Ross Ulbricht, claims a corrupt FBI agent has threatened him for not agreeing to help him access a bitcoin wallet worth $70 million, according to a report by digital journalist Joseph Cox in Motherboard. Jones says the agent wants him to move to Singapore where he will set up a safe house and told him immigration police are hunting him in Thailand where he lives. The agent had previously leaked Jones secret grand jury information and also tipped him ahead of the investigations into Carl […]

The post Silk Road Figure Variety Jones Claims Corrupt FBI Agent Is Making Threats appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Baja California has become known for certain things in recent years and decades. For one, deportees. Including veterans of the United States army who were deported from the United States. Another thing Baja is known for is craft beer, with numerous beer fests taking place all over the stated. I wrote another piece recently about how US-based Uber drivers wanted nothing to do with traveling to Mexico, underscoring how many people in the US feel about Mexico. One thing Baja has not exactly been known for is its tech. Baja California is the northernmost and westernmost of the 31 states […]

The post Bitcoin Faces Barriers To Growth In Baja California appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

The rising interest in use cases for bitcoin's underlying technology, the blockchain, is influencing the investment strategies of venture capitalists.

The highly-anticipated 21 Bitcoin computer, which has the bitcoin protocol as part of its operating system, has been touted as a long-hoped-for solution to enabling micro transactions over the Internet. But one technology observer has voiced doubts about this based on the amount of power the device will require. Timothy B. Lee, a senior editor at Vox Media, wrote an extensive article why the 21 Bitcoin computer will not become the solution for micropayments. He claims the computer will consume too much electricity to be profitable for users, will be hackable, and will need to be replaced every few years. The […]

The post Why the 21 Bitcoin Computer Won’t Be The Future Of Micro Payments appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

While financial institutions explore the capabilities of the block chain as a tool for managing finance, the supply chain industry is taking an interest in using bitcoin and the block chain for managing global trade and e-commerce. Rimas Kapeskas, managing director of UPS Strategic Enterprise Fund, the private equity strategic investment arm of UPS, wrote a blog about the advantages of bitcoin on Longitudes, the UPS blog devoted to the trends shaping the global economy. Kapeskas said digital currency and block chain technologies could provide a better platform for global trade and e-commerce than the current clearing and settlement systems […]

The post UPS Private Equity Strategic Investment Official Sees Block Chain Role For Global Trade appeared first on CCN: Financial Bitcoin & Cryptocurrency News.