Blockchain Allows Sneaker Manufacturer To Prevent Counterfeiting

A sneaker manufacturer has used blockchain technology to create smart tags that can track their sneakers to the factory, so they are impossible to counterfeit, according to fastcodedesign.com. The manufacturer, Greats, tapped the services of a software authentication system and a 3-D printer to design the smart tags. The tags include an NFC chip that can […]

The post Blockchain Allows Sneaker Manufacturer To Prevent Counterfeiting appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Colbitex, Colombia’s First Bitcoin Exchange Released In Testnet

On June 3, 2016, Colombia’s first Bitcoin exchange, Colbitex, launched in testnet. The Colombian market seems to have all the right characteristics for increased adoption and the embrace of exchanges. Time will tell. The Vision For Colbitex The project was founded by Roman Parra, an industrial production engineer and marketing specialist, and Carlos Mesa, a computer systems […]

The post Colbitex, Colombia’s First Bitcoin Exchange Released In Testnet appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Chain CEO Urges Central Bankers To “Run” Towards Blockchain

Adam Ludwin, chief executive officer at Chain, a San Francisco, Calif.-based startup that partners with businesses like Visa and Nasdaq to provide blockchain networks, explained how blockchains work and urged bankers to embrace the technology during a keynote address at the International Conference on Policy Challenges for the Financial Sector, held at the Federal Reserve in […]

The post Chain CEO Urges Central Bankers To “Run” Towards Blockchain appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Philippine Central Bank Considers ‘Hard Regulations’ for Bitcoin Exchanges

The governor of the Philippine Central Bank has stated that the monetary authority is considering “hard regulations” for bitcoin and digital currency exchanges in the country. In a recent lecture organized by the Philippine Central Bank, Nestor Espenilla, the deputy governor in charge of banking supervision, claimed that the bank is contemplating strict regulatory control […]

The post Philippine Central Bank Considers ‘Hard Regulations’ for Bitcoin Exchanges appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Why Bitcoin is a New Asset Class

Bitcoin is emerging as a unique asset class, according to a recent report by Chris Burniske, blockchain analyst and products lead at Ark Invest, and Adam White, vice president of business development and strategy at Coinbase. In their report, titled “Bitcoin: Ringing the Bell for a New Asset Class,” the authors argue that bitcoin is […]

The post Why Bitcoin is a New Asset Class appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Gaming Giant Steam Disables Bitcoin in Russia

Steam, a platform that offers instant access to games globally, is no longer accepting bitcoin in Russia, according to customers in the country. There was nothing about the change in policy for Russia on the company’s website at the time of this report. Steam’s acceptance of bitcoin in April garnered major attention at the time. Bitcoin […]

The post Gaming Giant Steam Disables Bitcoin in Russia appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

BitGo Under DDoS Attack; Wirex Advises Customers Not To Use Platform

Wirex, a bitcoin debit card provider, sent an email to customers today advising them to avoid making transactions on the Wirex platform until it could confirm from that BitGo services have been resumed. The message included a BitGo tweet advising users it was under a distributed denial of service (DDoS) attack. BitGo is a wallet and […]

The post BitGo Under DDoS Attack; Wirex Advises Customers Not To Use Platform appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Bitcoin Price Pullback, Should Achieve $600

Bitcoin price retraced all of the advance since yesterday’s post, but a 1-hour chart RSI divergence combination implies another wave to $600 (Bitstamp). This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis […]

The post Bitcoin Price Pullback, Should Achieve $600 appeared first on CCN: Financial Bitcoin & Cryptocurrency News.