Over the past few years it has been made easier to turn BitCoin back into real currency making it possible to live entirely off BitCoin currency and get rid of those pesky banks. Though do not take it all for granted just like any currency it has its issues and the fact that it’s all […]
» Currently browsing: Bitcoin
Even in 1981 inventors were trying to solve the Internets problems of privacy, security and inclusion with cryptography. With every new process, no solution was perfect, because a third party was involved. Paying with credit card was insecure because too much personal information was involved and transaction fees were steep. In 1998, Nick Szabo wrote a […]
Trade associations from across the world or teaming up together to address the need for consistent laws and regulations governing digital currencies and the technology behind them. Tuesday, the involved organizations including the Chamber of Digital Commerce, based, in Washington D.C. launched the Global Blockchain forum, “blockchain” being the term to describe the technology behind […]
Coinbase announced last week a new Bitcoin debit card that will allow U.S. users to pay with Bitcoin anywhere Visa is accepted.
Bitcoin industry insiders suggest Bitcoin could be as widely used as the Swiss franc and the Australian dollar as they issue an optimistic prediction for the cryptocurrency. U.K.-based Magister Advisors, which advises the technology industry on mergers and acquisitions, interviewed thirty of the leading bitcoin companies from across the globe. It found a consensus view that […]
Blockchain: The technology behind Bitcoin could eliminate fraud and corruption in governments and industries
Many companies are starting to integrate blockchain technology into ledgers, using it to track diamonds and ensure fair land distribution. The projects are first steps toward making governments and industries more transparent and eliminating fraud and corruption.
In March, Bank of America (BoA) filed a patent application titled “System and Method for Wire Transfers Using Cryptocurrency .” The application was published on September 17 by the U.S. Patents and Trademarks Office.
There has been a lot of enthusiasm in recent years for how cryptocurrencies will create new platforms, markets, and economies. But what will the future of commerce and the world look like? A vital question, and one that really hasn’t been answered.
Something unprecedented happened following the Enron Scandal in October of 2001. Although for a short period, for the first time in its modern history the global audit industry lost its most precious asset: public trust.
What do you think of Bitcoin? My answer is usually the same: ”It’s intellectually interesting, but not really practical.”