Coin News

Bitcoin Press Release: The new fully functional Bitcoin point-of-sale (POS) terminals by Los Angles based 34 Bytes, LLC has entered the beta testing phase. Merchants taking part in the beta launch will get to use the POS terminal for free. July 14, 2016 Los Angeles – The Bitcoin point-of-sale terminal by 34 Bytes has now entered […]

The post 34 Bytes Announces New Bitcoin POS Terminal, Offers Merchants a Chance to Win a Free Fully Functional Prototype appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Bitcoin Press Release: The popular cryptocurrency exchange service Changelly has included Lisk to its supported cryptocurrencies. The brand new digital currency is now available to be traded instantly at the best rate. Changelly also implements Lisk in its exchange API and widgets that could be useful for businesses worldwide. July 14, 2016 Prague, Czech Republic […]

The post Changelly Adds Lisk to Its Instant Exchange Service appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Bitcoin Press Release: Wenatchee, WA.- Salcido Enterprises, LLC has secured a long-term land lease, along with a long-term power contract with Douglas County Public Utility District, totaling 7.5MW. This three-facility build-out begins immediately, and will provide secure Bitcoin and Ethereum cryptocurrency mining, along with data hosting services to both high-density conventional and crypto customers. The […]

The post Salcido Enterprises, LLC Secures a Long-Term Power Contract, Announces Another Cryptocurrency and Data Server Business Venture appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

The European Commission published a draft directive last week proposing to amend existing anti-money laundering rules to include virtual...

The post Dutch Bitcoin Companies Start Initiative to Adjust Proposed European Union AML-Directive appeared first on Bitcoin Magazine.

OpenBazaar is becoming more than an illicit market. New upgrades are being designed to attract more users and larger merchants.

Blockchain technology company SolidX Partners has announced that it has filed a registration statement with the Securities and Exchange...

The post New Exchange-Traded Product SolidX Bitcoin Trust to Launch on NYSE Arca appeared first on Bitcoin Magazine.

Bitcoin price has been traded up in a mild fever during the latter part of today’s market action. Is this a good place to join a potential uptrend? The chart technicals don’t suggest ongoing advance into a profitable advance. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not […]

The post Bitcoin Price Steaming but Not yet Explosive appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Mark Karpeles, CEO of now-defunct bitcoin exchange Mt Gox has been released on bail from a detention house in Tokyo, according to a local report. A news report by local Japanese media outlet news24 has revealed that Mt Gox CEO Mark Karpeles paid ¥10 million (approximately $95k) to be released on bail from a Tokyo […]

The post Report: Mt Gox CEO Mark Karpeles out of Jail on Bail appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

When it comes to the erection of payment barriers, such as those which would come about with how the Brexit may affect their status within SEPA, blockchain will play an important role.

Paul Taylor, a former Google engineer and founder and CEO of UK-based Fintech startup Thought Machine, is developing a blockchain-centric operating system, Vault OS, a modern banking engine and core software that runs on the cloud. Before delving into the blockchain space, Paul Taylor held a prominent position at Google as the head of the text-to-speech […]

The post Former Google Engineer Develops Blockchain Core OS for Banks appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

It took a lot of research and involved some lean times, but here's how he survived, even in Cuba, using only bitcoin.

One of the most active companies in the space – sponsoring events, parties, and conferences – Airbitz has sought to put San Diego on the map for tech startups. But, could the firm be treading water?  CEO Paul Puey posted yesterday in a Facebook group called “San Diego Tech Scene”  stating: Hi all. Looking for […]

The post Is Bitcoin Wallet Airbitz Scraping By? appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

What’s really going on in financial technology?   

Financial technology, or “fintech” for short, is threatening to turn traditional financial fields like banking, lending, asset management and insurance upside down.   

New firms are using new mobile, social and digital technology to find new customers and offer them new financial products that meet their needs in a fast-changing world.   

All this “new” is exciting…but disruptive and disorienting, too.   Surprising new opportunities are coming fast and furious.   So are crushing disappointments.    

For instance, these positive fintech developments were announced in the last few weeks:

• Fintech funding is accelerating—it surpassed expectations by growing 96% YOY
• Ping An, China’s second largest insurer, has become the first Chinese firm to join the blockchain consortium R3 and partners like Goldman Sachs and Barclays
• In just 3 months, mobile app newcomer Revolut has processed over $300 million in foreign exchange transfers
• Sallie Krawcheck, former CFO of Citigroup, launched Ellevest, an automated investment platform aimed at women

But in the same time span, we’ve seen surprising negative fintech news:   

• Alternative funding giant Lending Club is being investigated by the US Department of Justice, the stock cratered and the CEO resigned
• The UK financial regulator (FCA) has been asked by a group of MPs to provide more detail on the risks and opportunities presented by peer-to-peer (P2P) lending and "related markets."  This inquiry could lead to further and more significant regulation that could potentially stymie the growth of the industry in the short-term.
• Number26, a German digital-only bank, closed hundreds of accounts last week because customers were reportedly making too many ATM withdrawals, resulting in rising costs for the bank.
• UK marketplace lenders may only originate $0.7 billion in 2025, down from $4 billion in 2015.   This forecast from Deloitte is a worst-case scenario, but highlights two key factors of marketplace lending:  marketplace lenders need to give investors a better return than other investments to incentivize them to buy loans and banks can easily replicate marketplace lenders' models.

The truth is, we’ve entered the most profound era of change for financial services companies since the 1970s brought us index mutual funds, discount brokers and ATMs.

No firm is immune from the coming disruption and every company must have a strategy to harness the powerful advantages of the new fintech revolution.  

This very fluid environment is creating winners and losers before your eyes…and it’s also creating the potential for new cost savings or growth opportunities for both you and your company.

After months of researching and reporting this important trend, Business Insider Intelligence has put together the definitive briefing on fintech.   

It explains the new landscape, identifies the ripest areas for disruption, and highlights the some of the most exciting new companies. These new players have the potential to become the next Visa, Paypal or Charles Schwab because they have the potential to transform important areas of the financial services industry like:

• Retail banking

• Lending and Financing

• Payments and Transfers
• Wealth and Asset Management

• Markets and Exchanges

• Insurance

• Blockchain Transactions


If you work these sectors, it’s important for you to understand how the fintech revolution will affect your business and your career. And if you’re employed in any part of the digital economy, you’ll want to know how you can exploit these new technologies to make your employer more efficient, flexible and profitable.       

Evan Bakker of BI Intelligence, Business Insider's premium research service, has written a new report entitled The Fintech Ecosystem Report: Measuring the effects of technology on the entire financial services industry. The big picture insights you’ll get from this new report include:

• Why financial technology is so disruptive to financial services—it will soon change the nature of almost every financial activity, from banking to payments to wealth management.
• The basic conflict will be between old firms and new—startups are re-imagining financial services processes from top to bottom, while incumbent financial services firms are trying to keep up with new products of their own.
• Traditional banks and financial services firms are investing heavily in innovation, but leveraging their investments is difficult with so much invested in legacy systems and profit centers.
• Startups have challenges of their own—they are struggling to navigate a rapidly-changing regulatory landscape and must scale up quickly with limited resources.
• The blockchain is a wild card that could completely remake 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 and could wipe away many traditional banking activities completely.

This exclusive report also:

• Explains the main growth drivers of the exploding fintech ecosystem.
• Frames the challenges and opportunities faced by incumbents and startups.
• Breaks down global and regional fintech investments, including which regions are the most significant and which are poised for the highest growth.
• Reveals which two financial services are garnering the most investment, and are therefore likely to be transformed first and fastest by fintech
• Explains why blockchain technology is critically important to banks and startups, and assesses which players stand to gain the most from it.
• Explores the financial sectors facing disruption and breaks them down in terms of investments, vulnerabilities and growth opportunities.
• And much more.

The Fintech Ecosystem Report: Measuring the effects of technology on the entire financial services industry is how you get the full story on the fintech revolution.

To get your copy of this invaluable guide to the fintech revolution, choose one of these options:

1. Subscribe to an ALL-ACCESS Membership with BI Intelligence and gain immediate access to this report AND over 100 other expertly researched deep-dive reports, subscriptions to all of our daily newsletters, and much more. >> START A MEMBERSHIP
2. Purchase the report and download it immediately from our research store. >> BUY THE REPORT

The choice is yours. But to stay on top of the breaking developments in fintech—positive and negative—the ALL-ACCESS Membership is your best choice.  It gives you a wealth of digital information, including the daily Fintech Briefing, which gives you all the latest news and analysis on the world of fintech.   

However you decide to acquire this report, you’ve given yourself a powerful advantage in your understanding of the fast-moving world of financial technology.

Join the conversation about this story »

The global banking blockchain consortium led by R3 will see its first African member join the ranks in Absa Bank, one of South Africa’s largest banks. Absa Bank, the South African subsidiary of Barclays Africa has joined the R3-led global blockchain consortium. The group which primarily consists of banks, recently began including non-banking financial institutions. […]

The post Blockchain Consortium R3 Adds Its First African Member Bank appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Seafile has announced that they will ditch Paypal payments and instead turn to bitcoin. This is an interesting decision with an even more interesting rationale and implication. In 2013, Seafile emerged as a business-oriented cloud-based storage solution, with a different approach. They provided their customized storage solutions within a company’s previously existing private cloud. The service then […]

The post Cloud Storage Provider Seafile Chooses Bitcoin, Ditches Paypal appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Reddit’s CEO, and original founder, Steve Huffman stopped by Coinbase’s San Francisco offices today. This has left Bitcoiners discussing in depth what, if anything, is afoot. Reddit, the entertainment, social networking service and news website boasts 542 million monthly visitors. Popular subreddits include news, gaming, movies, music, books, fitness, foot and photo sharing. Throughout 2015, […]

The post Reddit’s CEO Stopped By The Coinbase Office And Talked “Super Interesting Stuff” appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

In just nine days, the mobile Bitcoin wallet, UK-based Plutus, has raised more than $1 million in a flash crowdsale, allowing the company to complete their platform and make the Bitcoin Tap & Pay application a reality. In a bid to make paying with bitcoins simpler, the Near Field Communications (NFC) firm has connected with […]

The post Bitcoin Startup Plutus Raises $1 Million in a Crowdsale appeared first on CCN: Financial Bitcoin & Cryptocurrency News.