Coin News

A US district judge has ruled that bitcoins are a kind of intangible property in an ongoing civil case in California.

Coffee fanatics, it’s time to get even more excited. A new product is transforming your favorite drink into a much more personal experience. Literally. It all started when two friends -- both industrial designers -- were sitting in an Israeli coffee shop. They were staring into the cups of their lattes and noticed the white froth.

CEO and co-founder of bitcoin wallet and exchange service Coinbase, Brian Armstrong, has deemed the recent proposal to scaling Bitcoin as merely “words” and not action while trumpeting Bitcoin Classic as a better solution for bitcoin’s scaling debate. Brian Armstrong, co-founder and CEO of Coinbase has, in a blog post titled “The Bitcoin Roundtable Consensus Proposal – […]

The post Coinbase CEO Speaks out against Bitcoin Core Hard Fork, Trumpets Bitcoin Classic appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

"Know thy self, know thy enemy. A thousand battles, a thousand victories." \- Sun Tzu, The Art of War Anyone with experience in extended,...

The post I’m a Former Green Beret Here’s How I Would Bring Down Bitcoin appeared first on Bitcoin Magazine.

MIT Media Lab director Joi Ito looks at the current state of bitcoin and the blockchain, calling for unity amid an uncertain time for the industry.

Peter Sands, the former chief executive of British multinational and financial services company Standard Chartered, states that central...

The post Former Standard Chartered CEO: To Fight Fraud, Banks Must Stop Issuing High Value Currency Notes appeared first on Bitcoin Magazine.

Tired of the establishment blockchain calling the shots? Looking for new blood that will make the blockchain great again? Fear not! Donald Trump will make the blockchain great again. Take it from Trumpchain.   It takes a U.S. election to bring out the easy answers to our serious problems, be it the nation’s economy, the […]

The post Inspiration For The Blockchain In A U.S. Election Year: The ‘Trumpchain’ appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

This post is by Michael Gord. Thousands of companies around the world accept Bitcoin as payment. Many of those are set up to immediately...

The post Bitcoin’s Emerging Growth Story: Gamers appeared first on Bitcoin Magazine.

If you opened up the PayPal app over the weekend, then you likely noticed some changes as soon as it loaded.

The online payments company has redesigned its app in reaction to the ever-increasing role of mobile technology in the world of e-commerce. In short, PayPal wants to give its users a better experience from the moment they open up the app.

The updated app debuted on Friday.

For starters, the home screen has been revamped to show a user's transaction details and allow the user to pay pending requests and send money to recent contacts.

But perhaps the most notable change is the new hub that makes it easier for users to send and receive money from their friends and family. The personalized section of the app allows users to import contacts, which makes it simpler to give and get money.

This is a smart but unsurprising move considering that mobile peer-to-peer platform Venmo processed more than $1 billion in payments in January, which blew away its previous record. PayPal also announced on its website that it has seen more than 100% growth in the number of P2P transactions within its app.

Finally, PayPal has adjusted its in-store functionality to make it more user-friendly. Hungry for some Chicken Tikka Masala from your favorite Indian place in your neighborhood? You can order ahead through the PayPal app through its partners like Yelp Eat24 and just wait for the doorbell to ring.

PayPal's focus on P2P functionality is yet another sign of the increasing power of financial technology (fintech) to disrupt the financial world. Considering the scope and reach of financial services around the world, the potential for the fintech revolution is enormous.

EXCLUSIVE REPORT Breaks Down The Fintech Ecosystem

Companies across the globe are changing the landscape of financial activity, and these changes will have profound effects on the traditional financial institutions.

A report from BI Intelligence offers a detailed overview of this fintech ecosystem, describes the challenges and opportunities for both traditional players and startups, and analyzes the most important areas of finance that are disrupted by new technologies. The report also pinpoints the most vulnerable financial sectors, the ones that are still protected from immediate disruption, and what this all means for new entities and financial giants.

Here are some key takeaways from the report:

• Fintech — financial technology — is an umbrella term describing disruptive technologies in financial services. Fintech has transformed the way money is managed. It affects almost every financial activity, from banking to payments to wealth management. Startups are re-imagining financial services processes, while incumbent financial services firms are following suit with new products of their own.

• Established players and startups face very different challenges. Banks are investing more heavily in innovation, however, they haven't yet fully diffused their innovation strategies throughout their organizations. Meanwhile, startups are trying to navigate the regulatory landscape. Banks will have to find a way to develop new platforms while overcoming legacy infrastructure; startups will have to find a way to scale out their business while facing increased regulations, higher costs, and larger infrastructures that will be more difficult to change and manage. 
• The blockchain is a wild card that could completely overhaul financial services. Both major banks and startups around the world are exploring the technology behind the blockchain, which stores and records Bitcoin transactions. This technology could lower the cost of many financial activities to near-zero. This would have a dramatic effect on big banks, which currently face high operating costs. It's also disruptive in that it could disintermediate many financial processes.

In full, the report:

• Defines fintech and explains the main growth drivers of this new ecosystem.
• Frames the challenges and opportunities faced by incumbents and startups.
• Provides data on global and regional fintech investments, evaluating which regions are the most significant and which are poised for the highest growth. 
• Determines the financial sectors facing disruption and breaks them down in terms of investments.
• Explains why blockchain technology is critically important to banks and startups, and assesses which players stand to gain the most from it.
• Examines what banks and startups see as their greatest challenges in navigating this ecosystem.
• Offers concluding thoughts on which sectors are the most vulnerable, which regions and segments will see the highest growth, and which new entrants and established players will fare the best during the migration to digital.

Interested in getting the full report? Here are two ways to access it:

1. Subscribe to an All-Access pass to BI Intelligence and gain immediate access to this report and over 100 other expertly researched reports. As an added bonus, you'll also gain access to all future reports and daily newsletters to ensure you stay ahead of the curve and benefit personally and professionally. >> START A MEMBERSHIP
2. Purchase & download the full report from our research store.» BUY THE REPORT

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Bitcoin price has held above yesterday’s corrective low. Little upside progress shows the market is now taking a break and perhaps reconsidering the trend. 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 […]

The post Bitcoin Price Loses Momentum appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Brian Armstrong, CEO of bitcoin services provider Coinbase, has rejected a new proposal to change to end the scaling debate.

Sony is looking to leverage blockchain and its secure properties by developing a blockchain-based technology that establishes secure open sharing of academic proficiency and progress records through encrypted transmission. Sony Global Education (Sony GE), a company with the vision to offer new innovative educational services to people around the world has today announced the development […]

The post Sony Develops Blockchain Tech for the Education System appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Bitcoin Press Release: Arlington, VA – (Marketwired – February 22, 2016) –BTCS Inc. (OTCQB: BTCS) (“BTCS” or the “Company”), a blockchain technology focused company which secures the blockchain through its transaction verification services business, management demonstrates their commitment to execute on key milestones by voluntarily escrowing 24 million founder shares of their BTCS common stock […]

The post BTCS Management Demonstrates Commitment to Execute on Key Milestones by Voluntarily Escrowing 15% of the Outstanding Shares of BTCS Common Stock appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Is the early stage of the hard fork potentially driving this price rally of Bitcoin? It’s definitely possible, but it could also be a variety of other factors as well. Over the past week the price per Bitcoin has shot up almost $40.00 USD and there has been some speculation about whether that spike has […]

The post Is Bitcoin Classic And The Hard Fork Driving The Price of Bitcoin Higher? appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

 In our wide-ranging interview, Tim talked about the development of the venture and startup ecosystem over the past decades. Read More

BTCS Inc., a provider of ecommerce and bitcoin transaction verification services, suffered a $10 million-plus net loss in 2015 despite a revenue gain, according to a 10-K form filed with the U.S. Securities Exchange Commission for fiscal 2015.   The statement noted net losses of $14,757,016 and $10,047,036 in 2014 and 2015, respectively. Total revenues were […]

The post BTCS Posts $10 Million+ Loss In 2015 Despite Revenue Gain appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Sony is one company looking to take advantage of the blockchain, technology that underpins cyptocurrency bitcoin, after the Japanese company announced plans to build a centralized platform for educational assessment and testing scores. Read More

Bitcoin’s dual role as a commodity and a currency can create financial recovery disputes when a company that pays for services using bitcoin goes bankrupt. A bankruptcy court judge made a ruling on Friday in one such case, stating that the cryptocurrency is not the same as U.S. currency, but making it clear that he […]

The post Bitcoin Is Property And Not Cash In ‘Clawback’ Action, Bankruptcy Judge Rules appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

After a year of rancorous debate, two dozen members of the Bitcoin community forged an agreement in Hong Kong. The currency rose to highs not seen since mid-January.