Fintech Expert Frank Schwab: Bitcoin Here To Stay, Banks Are Doomed

Frank Schwab, a founder of the Fintech Forum in Germany, believes that bitcoin has proven itself, and banks could eventually become obsolete, according to an interview with Christoffer De Geer, marketing manager at XBT Provider, in The Street. Schwab’s association with fintech began in 2012 when he came across a Berlin-based startup called Mambu which develops […]

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The Bitcoin Community Is an Industry Like Any Other

Bitcoiners enjoy celebrating their so-called Bitcoin community. But, in the years since Bitcoin increased in price from $60 to $1,300, a lot has changed. Although still called the Bitcoin community by many today, the current state of Bitcoin resembles more closely an industry. Often times Bitcoiners will make a joke that most Venture Capital money […]

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Blockchain Social Platform Steemit Rewards Users with $1.3 Million

What better way to attract more visitors to a site than by giving money away, which is exactly what blockchain-based Steemit did over the Independence Day weekend to its users. On July 4, Steemit users were rewarded with around $1.3 million worth of the digital currency, Steem Dollars, or 10% of Steemit’s current market cap, […]

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Blocksafe Applies Blockchain Tech to Improve ‘Smart Guns’

Will blockchain technology make “smart guns” more acceptable? Kevin Barnes, chairman and CEO of Blocksafe, thinks he has a good chance. The blockchain brings improved security and privacy to “smart gun” technology, which could appease critics. Smart guns have embedded computers to enhance safety by preventing anyone other than authorized parties from firing the weapons. […]

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Russian Banks Form Private Blockchain Consortium

Russian banks and financial services firms have come together to form the country’s first financial blockchain consortium, a coalition that will seek to explore and implement blockchain solutions in the banking and financial services industries. Announced at the beginning of the month, Russia’s first ever blockchain consortium will see various prominent banks and notable financial […]

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Plugging Bitcoin, Xapo Capitalizes On Argentina-Uber Dispute

Xapo, a bitcoin wallet that claims the largest capitalization in the bitcoin industry and a reputation for not fearing controversy, has jumped into Argentina’s battle with Uber by allowing Uber Argentina to accept Xapo card payments. Uber sent a tweet on July 3 saying “Pay your trips with Bitcoin! Loading your card @Xapo obtains a $ […]

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Dash Spokesman Slams Bitcoin Paying Miners 100% Reward

Ryan Taylor, head of finance at Dash, claims the bitcoin blockchain’s practice of paying the entire blockchain reward to miners is faulty, in a piece on EconoTimes. He claims Dash, which allocates less than half its rewards to the miners, offers a more promising future. Taylor said it makes no sense to devote all of the network’s resources […]

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DAO Attack Fallout Sees Public Blockchains Questioned by Australian Bank

The ANZ Banking Group, a major banking corporation in Australia and New Zealand is exploring and investing in blockchain technology. Like most other banks, it is focusing on private ledgers, unlike a public ledger like the bitcoin blockchain. The recent hack-attack of the DAO is more proof that public blockchains are far too risky to […]

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Chinese Bitcoin Miners Busted for Electricity Theft

Editor’s note: Article updated to include the translation of the report in Chinese. Some Bitcoin miners have been busted for stealing electricity according to a public statement by police in Ma’anshan, a mining town in China. Very few details are provided except to state that 74 bitcoin mining units have been seized, coinciding with a small fall […]

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