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Prominent leaders in the blockchain space have formed a new group with the aim of promoting blockchain’s use cases, increasing collaboration within the industry and addressing blockchain governance. According to a newly published ten points agreement participants state that despite the blockchain being a decentralized technology: “Like-minded people and groups can self-organize to voice their […]

The post Industry Leaders Reach Agreement on Blockchain Governance appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Bitcoin prices are fun, if you like roller coasters. For traders who see volatility as an opportunity to make money and are willing to...

The post New Algorithm Manages Bitcoin Price Volatility for Everyday Users appeared first on Bitcoin Magazine.

Bitcoin Press Release: Antshares is the latest development in the Blockchain ecosystem that creates a bridge between a cryptocurrency driven financial system and real world assets. In its ongoing ICO, the platform has raised over 4400 BTC under 2 weeks. August 29, 2016 Shanghai China – A blockchain based digital assets platform, Antshares is leveraging […]

The post Antshares Blockchain Based Ledger Protocol for Financial Applications Launches Successful ICO appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Bitcoin Press Release: One of a kind bitcoin-based retirement service to offer 1% rebate of real silver for all new retirement accounts. August 29, 2016, Los Angeles, CA – Bitcoin IRA, the only company that enables people to invest in real bitcoins as part of their retirement portfolio, has announced that it has exceeded $500,000 […]

The post Bitcoin IRA Offers Limited Time Silver Rebate to Celebrate $500,000 Milestone appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Blocksafe, a blockchain-based system that provides secure access, personal monitoring and control of “smart” guns, will use Lisk sidechain technology to build out its blockchain and will issue a new token for use on that chain called “Trigger” (TRIG). Lisk is a public blockchain platform that provides decentralized blockchain apps. Smart guns have embedded computers […]

The post Blocksafe Builds out Gun Safety Blockchain, Will Host Second Crowdsale appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Bitcoin price pushed higher from the horizontal support zone near $660. The outlook remains that the market is engaged in a sideways base formation prior to advance. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now. Bitcoin Price Analysis Time of analysis: 15h00 UTC […]

The post Bitcoin Price Pushes Higher from Support appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

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Regardless of the platform affected, data breaches deter consumers, according to new data from the 2016 KPMG Consumer Loss Barometer.

Forty percent of mobile wallet users would not feel comfortable using a mobile pay app that had recently been hacked, according to the study.

Most major mobile payment apps seem to be safe. But risks persist — for instance, it may bepossible, though cumbersome, to intercept credit card data from Samsung Pay through a tokenization flaw — which means that mobile wallets must be careful if they are to avoid blunders that hurt adoption.

If breaches occur in the future, the impact on the ecosystem at large could be massive.

• Potential users are already consistently concerned about mobile payment security.Consumers are consistently worried about mobile payment security, which is stopping them from using the wallets. Two of the top five reasons that mobile phone owners cite for not using mobile payments are related to safety and security. As many as two-thirds of consumers polled in Q4 2015 by the US Federal Reserve said they're concerned about the security of mobile payments, and almost half don't trust the technology. Future data breaches could exacerbate these concerns among nonusers.
• And KPMG’s data indicates that a breach could impact wallets’ already low adoption. Just 23.8% of eligible US users had tested Apple Pay, the most common US mobile payments service, by June 2016, up by just 0.5% since March 2016, which indicates relatively slow adoption that’s beginning to plateau. A future breach could not only dampen slow adoption, but also shrink the existing pool of users. That could have major implications for the ecosystem’s future development.

At the moment, mobile payments are becoming more popular, but they still face some high barriers, such as consumers' continued loyalty to traditional payment methods and fragmented acceptance among merchants. But as loyalty programs are integrated and more consumers rely on their mobile wallets for other features like in-app payments, adoption and usage will surge over the next few years.

Evan Bakker, research analyst for BI Intelligence, Business Insider's premium research service, has compiled a detailed report on mobile payments that forecasts the growth of in-store mobile payments in the U.S., analyzes the performance of major mobile wallets like Apple Pay, Android Pay, and Samsung Pay, and addresses the barriers holding mobile payments back as well as the benefits that will propel adoption.

Here are some key takeaways from the report:

• In our latest US in-store mobile payments forecast, we find that volume will reach $75 billion this year. We expect volume to pick up significantly by 2020, reaching $503 billion. This reflects a compound annual growth rate (CAGR) of 80% between 2015 and 2020.
• Consumer interest is the primary barrier to mobile payments adoption. Surveys indicate that the issue is less the mobile wallet itself and more that people remain loyal to traditional payment methods and show little enthusiasm for picking up new habits.
• Integrated loyalty programs and other add-on features will be key to mobile wallets taking off. Consumers are showing interest in wallets with integrated loyalty programs. Other potential add-ons, like in-app, in-browser, and P2P payments, will also start fueling adoption. This strategy has been proved successful in China with platforms like WeChat and Alipay.

In full, the report:

• Forecasts the growth of US in-store mobile payments volume and users through 2020.
• Measures mobile wallet user engagement by forecasting mobile payments' share of their annual retail spending.
• Reviews the performance of major mobile wallets like Apple Pay and Samsung Pay.
• Addresses the key barriers that are preventing mobile in-store payments from taking off.
• Identifies the growth drivers that will ultimately carve a path for mainstream adoption.

To get your copy of this invaluable guide, 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 however you decide to acquire this report, you’ve given yourself a powerful advantage in your understanding of how mobile payments are rapidly evolving.

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The lawyer who defended Peter Nash, one of the three men indicted on charges of conspiracy to distribute narcotics, commit computer hacking, and commit money laundering in the Silk Road has hinted at a no mercy sentencing for the third accused person. Andrew Frisch says 27-year-old Irishman, Gary Davis, an alleged Silk Road admin, is […]

The post Silk Road: Last Man Standing Should Expect the Worst appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

When hackers penetrated a secure authentication system at a bitcoin exchange called Bitfinex earlier this month, they stole about $70 million worth of the virtual currency

Bitcoin-based social network Zapchain has announced it will close effective 31st August.

According to a new report, the Ministry of Finance in Russia is now questioning its own ‘bitcoin ban bill’, which is currently a draft.

The post Blanket Bitcoin Ban Isn’t Right, Says Russian Finance Ministry Chief appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

The FBI is not bidding on stolen National Security Agency (NSA) source code with bitcoins seized from Silk Road, contrary to a widely reported allegation. That’s according to security experts interviewed by The Hill.   The allegation emerged when a bitcoin user sent money to both an NSA source code account and the seized bitcoin account, […]

The post Experts: FBI Not Bidding On Hacked NSA Code With Bitcoin From Silk Road Seizure appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Singapore's central bank has proposed a new regulatory framework for payments that could cover digital currency exchanges.

  Cryptobuyer, a Venezuelan cryptocurrency brokerage has announced support for Dash, which sees the digital currency joining bitcoin on Cryptobuyer’s platform. Caracas-based cryptocurrency brokerage and firm Cryptobuyer has added Dash to its platform, citing “soaring demand” of the cryptocurrency. Dash, currently the 8th largest cryptocurrency in the world by market capitalization, joins bitcoin as digital […]

The post Venezuelan Cryptocurrency Exchange Adds Dash to Roster appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Andy Beal was our general council when Bitwage launched in 2014, but he’s since moved on to Ernst & Young’s Blockchain Consulting Group. The other day, he and I got a chance to catch up over lunch. Notice that he went to the blockchain consulting group, not the Bitcoin group. He confirmed what I’ve said here several times in the past: large enterprises today are treating the blockchain the way they did relational databases back in the 1990s. Everyone is curious as to how this fundamental advance can be applied, both internal to their businesses, and within their industry’s ecosystem.

In a long-awaited and overdue move, Sony has finally introduced two-factor authentication to PlayStation users who can now enable the security feature on their PlayStation Network (PSN) accounts.

The post Sony Introduces 2FA for PlayStation Users appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

In a report late Tuesday, the New York Times revealed that it’s Moscow bureau was the target of a cyberattack from Russian hackers, earlier this month.

The post New York Times: Russian Intelligence Hackers Targeted Us appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Usernames, passwords, email addresses, IP addresses, birthdates and even private messages and posts of over 800,000 Unreal Engine and Unreal Tournament forum accounts, following a breach of its developer and maker, Epic Games.

The post 800,000 Gamers’ Credentials at Risk after Epic Games Forums Breach appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Bitmain Technologies Limited, the Beijing-based owner of the Antminer series of bitcoin miners, Hashnest, Antpool and BTC.com, will launch what it calls the world’s most silent multi-terahash bitcoin miner and a silent 2600W PSU designed for high-performance bitcoin mining.   With these new products, Bitmain seeks to bring bitcoin mining back to homes and continue […]

The post Bitmain to Launch Antminer R4 for Home Bitcoin Mining appeared first on CCN: Financial Bitcoin & Cryptocurrency News.