Hundreds of Canadian merchants are enthusiastically accepting Bitcoin as a payment option, but disappointed by its low rate of consumer support, according to a recent study by forensic research firm CorbinPartners Inc. More than half of respondents blamed the uninspiring response on a lack of awareness, both of the digital currency’s availability on the consumer end, and of its acceptance on the part of businesses, CorbinPartners president and COO Jon Purther said. However, the study also discovered that a majority of respondents were optimistic Bitcoin use would increase substantially over the next five years, and four out of every five merchants who had adopted the currency would recommend doing so to other business owners, he said. “It’s very much an awareness issue,” Purther said. “You’ve heard of Bitcoin, obviously, it’s written about constantly… but although the everyday customer may be familiar with the name, they don’t have the same comfort level with how it works. [The merchants’] comment is that needs to be increased, and I think the expectation is that it will.” Read more: http://www.itbusiness.ca/news/canadian-businesses-would-like-to-see-more-bitcoin-use-survey-finds/64520 |
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Museum of Named Diamonds allows recording the stories related to diamonds on the Blockchain, preserving them forever. In such a way, people can make their precious diamonds unique by giving them names and stories. Moreover, they can track their history as long as the Blockchain exists. The Museum partnered with Everledger.io to ensure the technical support for their project. Everledger specializes in recording diamond data on the Blockchain. The company maintains their own distributed ledger which is the database for all the diamond-related content. Jacques Voorhees, CEO of the Museum of Named Diamonds, shared the details of the recording mechanism with CoinTelegraph: “In our case that is all the data that appears in the Museum, on a given diamond. Everledger takes the content from their own distributed ledger, “hash” it, and place the hash into the Bitcoin Blockchain by recording the hash via a tiny Bitcoin transaction. That has the effect of sealing the hashed data into the BitcoinCT r: 10 Blockchain”. Read more: http://cointelegraph.com/news/diamond-blockchain |
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Bank of America is trying to steal a march on the latest developments in the technology behind digital currency bitcoin by loading up on blockchain-related patents. Blockchain works like a huge, decentralized ledger for the digital currency bitcoin which records every transaction and stores this information on a global network so it cannot be tampered with. Major financial institutions -- including the Bank of England -- have released a number of notes over the last year on the potential of the technology and have created teams within their organizations to look into how to develop the cryptocurrency. But Bank of America is going one step further by attempting to patent some of the use cases of the technology. The company has already filed for 15 blockchain-related patents and is currently in the process of drafting another 20 to be submitted to the U.S. Patents and Trademark Office (USPTO) later this month, a spokesperson told CNBC on Wednesday. "Blockchain's very intriguing and for us it's a balance between not wanting to be Neanderthal but not wanting to put something out in a commercial application where the commercial application is still very unclear as a technologist, the technology is fascinating," Catherine Bessant, the chief operations and technology office at Bank of America, said during a CNBC event at Davos last week. "And we have tried to stay on the forefront, I think we have somewhere around 15 patents, most people would be surprised at Bank of America with patents in the blockchain or cryptocurrency space. (It's) very important in the intellectual property world to reserve our spot even before we know what the commercial application might be." Read more: http://www.cnbc.com/2016/01/28/bank-of-america-is-going-big-on-blockchain-plans-to-file-20-patents.html |
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Uhhhh no. my transactions from yobit to my wallet require 3 confirmations, so no.
only one confirmation is enough to accept a deposit in a lot of exchange sites, I do not see any point from waiting for more confirmations because AFAIK there is no possible double transaction may happen after getting the first confirmation in a block in the main blockchain |
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Oregon militia leader's plea to refuge holdouts: 'I love you ... go home' Militia leader Ammon Bundy presented a loud-and-clear message to the protesters who continue to stand their ground at the occupied refuge in rural Oregon: It’s time to go home. After a Wednesday afternoon hearing in federal court in Portland, Mike Arnold, Bundy’s lawyer, read a statement from Bundy, who was arrested on a remote highway on Tuesday afternoon in a confrontation and shootout with police that resulted in the death of protest spokesman LaVoy Finicum. “To those who remain at the refuge, I love you. Let us take this fight from here,” Arnold said, standing on the steps of the downtown courthouse, reading a written statement from Ammon. “Please stand down. Go home and hug your families. This fight is ours for now, in the courts.” He added: “LaVoy is one of the greatest men and greatest patriots I have ever seen,” and further called on law enforcement officials to let protesters leave the occupation without facing repercussions. “I am asking the federal government to allow the people at the refuge to go home without being prosecuted.” The call for an end to the standoff came after the first court appearance of Bundy and six other protesters who were also arrested on Tuesday and are facing federal felony charges of conspiracy to impede officers through the use of force, intimidation or threats. http://www.theguardian.com/us-news/2016/jan/27/oregon-militia-standoff-ammon-bundy-arrested-malheur-national-wildlife-refuge-occupation-leave |
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If bitcoin fees reached $1 to get the transaction confirmed, this will prevent people from using it for micro transactions and they will start looking for an alternative coin with less fees like Dogecoin for instance. maybe after block reward reaches 0 miners will increase the fees until UW become cheaper than BTC to transfer money
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those are just speculations and I read a lot of those optimistic expectations before but when they turn real and more people starts using bitcoin and more companies start to accept it as a payment process, this will push the price to its peak in a very short time
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during the last two years , January was always the month in which the price start falling, is this going to happen this year also ?  it is like the first half of the year is always a fall and the second one the price recover what was lost |
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Bitcoin Foundation board member Vinny Lingham has announced that he has stepped down as CEO of the popular mobile gift card service Gyft to pursue a new business venture. Based in Palo Alto, Civic has already received $2.75m in funding from Social Leverage, along with a number of VC firms active in the bitcoin and blockchain space. These include Pantera Capital, Blockchain Capital and Digital Currency Group. The digital identity protection startup, which focuses on providing online solutions for US social security numbers, is expected to launch this spring, according to Lingham. Lingham told CoinDesk: "Your identity information is out there, whether you like it or not. There’s so many breaches. Right now, on the Dark Web, bad guys could be using your information to create fake accounts to apply for credit cards and loans. It’s a huge problem, and it’s ridiculous. The goal for civic is to make your social security number secure." Read more: http://www.coindesk.com/gyft-founder-raises-2-75-million-for-id-startup-civic/ |
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- Blockchain could challenge the accepted ways we shape and manage society In only a few years, digital currency bitcoin has emerged from the shadows to become something debated by politicians and pondered by economists. Now it is blockchain, the technology that makes bitcoin possible, that is having its moment in the sun: the UK government's Chief Scientist Sir Mark Walport laid out a possible role for it in delivering public services. What is the blockchain? In essence it is just a digital ledger – a means to record events that have taken place – but its design provides considerable advantages over other ways of recording transactions. The details of every transaction is stored cryptographically on the blockchain, a stream of linked data available online. The entire blockchain is decentralised, with all those using it creating copies of the blockchain record. This one-version-but-many-copies approach removes the need for a centralised authority, such as a bank or legal body, which also provides protection from a single central point of failure. The blockchain is open and public, and practically impossible to alter a record once the block representing the transaction has been added. Read more at: http://phys.org/news/2016-01-blockchain-ways-society.html#jCp |
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- Bitcoin Vietnam, Coinify Collaborate To Bring Blockchain Payment Processing Services Bitcoin Vietnam Co. Ltd., the first bitcoin exchange in Vietnam, and Coinify, the leading Denmark-based bitcoin platform, have recently announced a new strategic partnership in order to bring advanced blockchain merchant processing tools to the Vietnamese market. “We are very pleased to announce our new partnership with the team of Coinify today. They have proven to have a very secure, convenient and slick product which consequently brought them the market leadership in Europe regarding the number of acquired merchants”, said Nguyen Tran Bao Phuong, CEO of Bitcoin Vietnam Co., Ltd. Read more: http://www.econotimes.com/Bitcoin-Vietnam-Coinify-Collaborate-To-Bring-Blockchain-Payment-Processing-Services-150128 |
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Azerbaijan, erstwhile member of the now dissolved USSR, is taking another step closer towards cryptocurrencies and Bitcoin. Earlier, in September 2015, it was reported by CoinTelegraph that Azerbaijan was actively discussing the possibility of creating a “Cryptomanat” coin – the cryptocurrency equivalent of its national currency, the Azerbaijani manat. Now, Azerbaijan is getting its first Bitcoin exchange service. BTC.AZ will be the country’s first BTC exchange services provider, and will also provide educational material on Bitcoin in the local Azerbaijani language. They are expected to begin their services by the end of February 2016. Read more: http://cointelegraph.com/news/azerbaijan-bitcoin-btc-az |
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Very low amount of people know about bitcoin. It will take years until bitcoin is used for shops here  Just third world country problems the same thing is here, I live in a third world country too and the biggest group on facebook for bitcoin users has around 500 members only, there is no shops, restaurants, etc... accept btc but I cannot deny that exchanging is so easy as there are a good number of themavailable here |
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As you are still newbie, i recommend you not to invest in mining at all, mining by PC is just a waste of power and money. and if you want to buy a miner, they are quite expensive and consume a lot of electricity so to get your ROI it may take years with this current difficulty
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thank you very much SebastianJu,
but to use another wallet i have to move the coins there by a tx. how bigger this fee have to be?
if i put 0.0005 btc as fee, then will it work?
thank you.
there is not specific amount to pay as fees for sending a transaction. Nowadays, I think sending 0.0001 btc is enough or 0.0002 btc if you want miners confirm the transaction faster |
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- Coin Reverse Inc, is now providing to their customers an automatic platform and a market break-through offer Coin Reverse Inc. ( http://www.coinreverse.com ), a New York based cryptocurrency trader announced today, that it has put a “can’t say no to” offer on the table for Bitcoin sellers, as its revealing its new cryptocurrency investment policy and appetite. The company has launched a market break-through offer on Bitcoin trade, sustaining a buying rate which is 15% higher than Market’s official rate. The company has developed a sophisticated payment platform, offering instant payment services towards its customers. While having also developed partnerships with many international banks, CoinReverse is able to provide online automatic and instant payment, via its web-site platform, for bank transfer and Paypal payments, conditioned that the customers correctly provide their payment details. The offer has been promoted with no time-frame, although the company explained that, according to its policy and the capacities targeted, it is likely that the offer will be just dropped, with no prior notice, the moment when sales target is reached. Read more: http://www.newsbtc.com/2016/01/26/29133/ |
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In a move that could shake the world of bitcoin and other virtual currencies, China has revealed that it is looking at developing its own cryptocurrency. In a statement published last week on the People’s Bank of China website – here, in Chinese – the central bank reported on a digital currency seminar in Beijing, attended by the central bank’s governor, at which it was revealed that plans for a rival to bitcoin are well advanced. Working with Citibank and Deloitte, the PBoC notes that “relevant research institutions, major financial institutions and expert advisory bodies attended the meeting” and that “in-depth research has achieved initial results”. Read more: https://news.markets/tech/china-working-towards-introduction-of-a-rival-to-bitcoin-9588/ |
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