Sunday, July 5Your Daily Bitcoin & Altcoin News Portal

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5 Largest Companies Accepting Bitcoin Payments

5 Largest Companies Accepting Bitcoin Payments

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No longer shunning and brushing Bitcoin under the carpet, some of the world’s biggest companies have seen the light and are accepting digital currencies as a form of payment. Bitcoin’s reputation as an obscure currency that is only used on the Darknet has long been left behind as the digital currency finds itself more in the mainstream than in shadowy corners. The growth of the currency as an asset, as well as the technology behind it, has sparked the interest of a lot of forward-thinking and progressive companies. The likes of Microsoft, Overstock.com, DISH Network, Intuit, and even the rival of sorts PayPal are all utilizing Bitcoin. Microsoft As one of the pioneers of technology it only makes sense that a company with the prestige of Microsoft has decided to invest and integrat
IBM’s Trade Finance Solution on Blockchain to Be Adopted by 7 European Banks

IBM’s Trade Finance Solution on Blockchain to Be Adopted by 7 European Banks

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The banking industry’s infatuation with blockchain technology is well known. In the forefront of the development of distributed ledger solutions for the industry is the tech giant IBM which is currently working on a trade finance solution for leading European banking institutions. IBM identified the project addressing the present challenges faced by the trade finance segment following a survey conducted in collaboration with the Economist Intelligence Unit. Through this project, the company will be aiming to simplify the trade finance transactions for small and medium-sized businesses, states a recent report on one of the financial news publications. Seven banks including Deutsche Bank, KBC, and HSBC will use the IBM’s blockchain solution. In a statement, the general manager of t
The Healthcare Industry Turns to Blockchain Tech for Security

The Healthcare Industry Turns to Blockchain Tech for Security

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The healthcare industry has to cope with various problems regarding the security and the privacy of valuable data. In the recent years, hospitals were serving as the major target for cybercriminals who conducted ransomware attacks on the institutions. In April, both U.S. and Canadian cyber security agencies – the Computer Emergency Readiness Team and the Canadian Cyber Incident Response Center – issued warnings to healthcare providers regarding the increased number of ransomware attacks. This is the point when blockchain tech comes in. Many of the aspects of the blockchain technology, including speed, cost efficiency, and security, makes it a great choice to integrate it into the healthcare industry. IBM Watson Health announced in January that they are cooperating with the US
A Team of Developers to Introduce Blockchain to the Booming Skin Trade Industry

A Team of Developers to Introduce Blockchain to the Booming Skin Trade Industry

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A team of developers for game projects in eSports has undertaken to solve the problem currently faced by millions of gamers online by issuing a single token dubbed SkinCoin. This cryptocurrency could be used for trading in-game skins and clearing transactions at third-party platforms. The project develops an exchange service with an API so that third-party websites could integrate it. Skins are essentially in-game alterations of visual appearance of items of characters that don’t influence actual gameplay. First introduced at Steam platform as rewards, they soon became an economic phenomenon. According to Bloomberg and analytics by Eliers & Krejcik Gaming, in 2016 alone the turnover of in-game items at third-party services has exceeded $7 billion, with some rare skins beco
National Science Foundation Awards $450k for Cryptocurrency Incentive Study

National Science Foundation Awards $450k for Cryptocurrency Incentive Study

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A Princeton University researcher has received more than $400,000 in federal funding to study mechanism incentives and their applications to cryptocurrencies like bitcoin. The study project, “Duality-based tools for simple vs. optimal mechanism design and applications to cryptocurrency”, is being led by Seth Weinberg, an assistant professor of computer science at Princeton. The grant, worth $450,000, was awarded on 28th June by the National Science Foundation. The project is set to begin in September and will last until August 31, 2020, according to the NSF. As the organization’s website explains: “A secondary focus of this project is to apply these theoretical foundations to resolve cryptocurrency incentive issues arising within Bitcoin, an emerging cryptocurrency. While bitcoi
What Monopoly? Blockchain Startup Setl Sets Sights Beyond Australia

What Monopoly? Blockchain Startup Setl Sets Sights Beyond Australia

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Setl founder Peter Randall isn’t waiting for permission to build the first competing platform in an Australian post-trade system long dominated by a monopoly. While the Australian Securities Exchange (ASX) enjoys exclusive rights to clear and settle transactions for the nation’s financial institutions, Randall’s startup has already built a service he believes can process the load more quickly and at lower cost than ASX’s proprietary CHESS platform. Ironically, ASX’s exploration of distributed ledger tech with partner Digital Asset Holdings has boosted the blockchain industry in Australia, yet its monopoly means less competition in bringing solutions to market. Nevertheless, Randall isn’t waiting for the nation’s regulators to begin loosening older, monopolistic clearing and se
Europol Discusses Bitcoin as Store of Value and Payment Method With the Industry

Europol Discusses Bitcoin as Store of Value and Payment Method With the Industry

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The European Union’s top law enforcement agency Europol recently hosted their 4th conference on digital currencies. According to the agency’s announcement on Wednesday, among the topics discussed this year was the use of cryptocurrencies such as bitcoin as a store of value and as a legitimate payment method.   Europol Discusses Bitcoin’s Legitimate Uses This Year Europol’s European Cybercrime Centre (EC3) recently organized the “4th Virtual Currencies Conference,” hosted at the Europol’s headquarters in The Hague. EC3 was set up in 2013 as the EU’s cybercrime specialist unit to help law enforcement respond to cyber attacks. The event, which took place on June 22 and 23, aimed “to further strengthen the fight against the abuse of virtual currencies for criminal transactions
Coin Center Demonstrates How Bitcoin Works Before the Congress

Coin Center Demonstrates How Bitcoin Works Before the Congress

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Coin Center, a nonprofit research and advocacy agency, demonstrates how Bitcoin works before the members of the Terrorism and Illicit Finance Subcommittee of the House Financial Services Committee on June 29, 2017. Addressing concerns among government agencies The growing population of Bitcoin miners and enthusiasts has alerted the government about the security repercussions which eventually led to series of discussions. The aforementioned committee held a hearing assessing the national security involving Blockchain technology transactions. The US Congress is concerned about the rise of Bitcoin now that it has been linked to several illegal activities and money laundering with their major worry being its potential use for terrorist funding hence the introduction of Combating Money L
Dartz Motorz Becomes the First Car Company to Accept Bitcoin and Ethereum for Its New Product

Dartz Motorz Becomes the First Car Company to Accept Bitcoin and Ethereum for Its New Product

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Latvian automotive company Dartz announced that they plan to debut their new Black Alligator SUV at the 2017 Gumball 3000 rally in Riga, Latvia and that they will only be accepting Bitcoin or Ethereum as payment. The company’s move to sell the luxury SUV for Bitcoin and Ethereum seems to be a first for cryptocurrency, which has previously been accepted in the luxury market more in regards to property than the automotive industry. Hopefully, the acceptance of Bitcoin for the vehicle will prove to be more than just a sales gimmick, as there is a real demand among Bitcoin adopters for items they can spend their investment rewards on without first converting to fiat currency. Whether or not this is a vehicle that Bitcoin owners will want remains to be seen. It’s Not the Average SUV
Russia’s Largest Forex Broker Introduces Bitcoin Trading

Russia’s Largest Forex Broker Introduces Bitcoin Trading

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Alpari Group, Russia’s largest native forex broker, has announced the launch of two bitcoin trading pairs, with the company now offering BTC/USD and BTC/EUR CFDs to traders. Alpari Group joins a growing list of international forex and CFD brokers that have introduced cryptocurrency trading markets in recent weeks. Alpari Group Joins International Brokers Offering Bitcoin Trade Pairs Alpari Group is a forex and contracts for difference (CFD) broker that is licensed in Belarus, Belize, Mauritius, and Russia. Alpari has launched BTC/USD and BTC/USD trading pairs this week, joining a growing list of international derivatives markets that have begun to offer cryptocurrency trading products. The company was founded in 1998, and since 2014 it has been recognized as the largest Russian Fo