Bitcoin
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In about 2014, most bitcoin companies quickly pivoted to the “next big thing:” blockchain. Among them were the financial and fintech houses that were eager to avoid SEC scrutiny of their cryptocurrency holdings but were happy to use blockchain technology to speed up transaction times. Many of those early efforts are now apparently bearing fruit. MasterCard, for example, has just… Read More
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A bitcoin transaction wastes as much electricity as it takes to power an American home for a week, and legendary coder Bram Cohen wants to fix that. Cohen has started a new company called Chia Network that will launch a cryptocurrency based on proofs of time and storage rather than bitcoin’s electricity-burning proofs of work. Read More
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Bitcoin-powered cellphones — basically phones that can securely hold and send cryptocurrencies — have long been a fascinating if undeveloped concept in the crypto community. When phones talk to each other using BTC or other currencies — whether it’s to pay bills or send money to friends — you open up an interesting world of commerce. Read More
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The mind behind Ethereum, Vitalik Buterin, is matter-of-fact about the crypto. In short, he believes what interviewer Naval Ravikant called “brain virus” is the true future of security and economics and, with the right incentives, Ethereum can replace things like credit card networks and even gaming servers. Buterin separates the world into two kinds of people. “There’s… Read More
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It looks like ICOs, shorthand for initial coin offerings, are about to undergo a lot more scrutiny.
The SEC has concluded that the digital currency financing events will be regulated as securities, meaning unregistered offerings could be subject to criminal punishment. The decision was announced on Tuesday.
To reach its findings, regulators evaluated an offering facilitated by “The… Read More
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It’s anticipated that there will be more than 4.8 billion individuals using a mobile phone by the end of 2016. Because of this enormous growth, we can expect to see the mobile payments industry and startups in the space evolve to meet the growing demands of users. To understand how big this industry is going to be, you need to understand the history of mobile payments and their… Read More
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Bitcoin may still be the most famous application of blockchain technology, but the distributed, encrypted database architecture is now being applied to a range of other services, from different kinds of (non Bitcoin) financial transactions to anything else that requires secure tracking. And today, IBM laid out its claim for some of that new business: the IT giant announced a new set of… Read More
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The term “financial inclusion” is a new buzzword in the fintech space. With the rise of services like Abra and MPesa, we are convinced that bitcoin is the solution to the problems of the unbanked. With bitcoin, we say, the house cleaner in Dubai can get her money home and the refugee can get his money over the border into a safer place. I’m even known to wax poetic about… Read More
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Satoshi Nakamoto doesn’t exist. He is not one person. He is not even controlled by a single entity. And although I would argue much of his writings were produced by one person and edited by committee, it is important to bitcoin that he not exist. His lack of existence, in a very real way, is what will help bitcoin survive this decade and morph into what it will soon become. Satoshi… Read More
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