To many consumers, the concept of a Bitcoin wallet remains rather difficult to grasp. After all, the main goal of Bitcoin is to be in control of finances at any given time. But for mobile users, they have to rely on wallets developed by third party providers. What were to happen with one’s wallet if a company like Mycelium decided to pull the plug on their project? Absolutely nothing, as one can easily recover their keys by using the backup seed. http://themerkle.com/news/bitcoin-wallet-standards-ensure-funds-can-be-recovered/ |
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Blockchain startup competitions are an integral part of the Bitcoin ecosystem, as these types of events will drive future technological innovation in this industry. Coming up with new and creative use cases for blockchain technology is a difficult task, but when groups of developers are put together to share their ideas, interesting concepts can become a reality. A new blockchain startup competition has been announced by d10e, taking place in Amsterdam on February 18, 2016. http://bitcoinist.net/d10e-hosts-blockchain-startup-competition-amsterdam/ |
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To many small businesses all over the world, accepting Bitcoin payments makes a lot more sense, as they can reduce overhead costs and get their money a lot faster. When operating a business on a smaller scale, the impact Bitcoin payments can have on the overall revenue is a lot bigger. High Violet Salon and Spa in Wisconsin Dells is the latest SME to join the Bitcoin community. http://themerkle.com/news/bitcoin-brings-a-financial-lifeline-to-any-sme/ |
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One of the biggest misconceptions surrounding Bitcoin is how investing in the popular digital currency will result in overnight riches. Similar to any other type of investment, Bitcoin is a long-term plan. The day of major gains and losses in a short period of time seem to be over, and investors need to keep in mind that Bitcoin is here to stay. http://www.newsbtc.com/2016/01/05/why-bitcoin-is-a-long-term-investment/ |
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Earlier today, the entire online banking platform of popular institution HSBC became inaccessible, leaving millions of customers without access to their finances in an online manner. While technical issues can happen at any time, it is the second time in as many days this type of event has transpired. The Bitcoin network, powered by blockchain technology, has never gone down in its near seven years of existence. http://bitcoinist.net/hsbc-online-banking-outage-showcases-bitcoin-network-strength/ |
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One of the more interesting trends in the world of Bitcoin and digital currency is the growing interest in public trading places. Whether these trades occur in the online or offline space, there is an increased focus on trading fiat currency against something that has to do with Bitcoin or other digital currencies. Will the Bitcoin trading house concept become the next trend to take the financial world by storm? http://themerkle.com/news/anyone-can-become-a-bitcoin-trading-house/ |
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When it comes to finding the Bitcoin exchange that suits individual users best, there is no such thing as a universal platform. Every Bitcoin user has their own preferences and needs, and no single platform can address them all. Some people lie dealing with intermediary exchanges, whereas others prefer peer-to-peer transactions. This type of diversity makes the Bitcoin ecosystem a great place, and all available options can peacefully coexist for the time to come. http://themerkle.com/news/what-type-of-bitcoin-exchange-user-are-you/ |
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The world’s economies are in a very frail state as of late, ever since the most recent financial crisis took place. Some countries, such as the United States, have noted a small growth for the first time in many years, while others are on the brink of collapsing. Despite the outlook of a unified front, the United Kingdom could end up leaving the European Union. But how would this scenario impact Bitcoin, as traditional financial solutions are failing? https://news.bitcoin.com/bitcoin-ecosystem-not-worried-potential-brexit-scenario/ |
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Yesterday’s news regarding the Chinese stock market once again showed how brittle the global economy is at this point. With stocks tumbling slightly over 7 percent, trading was suspended a few hours before the markets closed. Things did not get off to a good start earlier today, as an early 2% loss was worrying a fair few investors. But things calmed down once the People’s Bank of China intervened and poured money into money markets. http://bitcoinist.net/peoples-bank-of-china-intervention-in-stock-market-debacle-lacks-transparency/ |
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It is no secret that Bitcoin opens up a lot of opportunities for anyone in the world to make some extra income. Regardless of how old you are, Bitcoin can be used by anyone in the world, and in some cases, a small business can be created without too much effort. One post on Reddit details how a 16-year old in Malaysia has started his own small Bitcoin empire. http://themerkle.com/news/earning-bitcoin-by-selling-csgo-in-game-items-on-steam/ |
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For those of you who have been following the evolution of the Bitcoin ecosystem in recent months, the announcement regarding Mike Tyson running his own Bitcoin ATM made a lot of media headlines. But that isn’t the only venture Mr. Tyson is interested in, as he plans to launch his very own Bitcoin wallet brand in the near future. http://themerkle.com/news/mike-tyson-launches-own-bitcoin-wallet-service/ |
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In the traditional world of finance, there are a handful of major players when it comes to credit and debit cards. Visa and MasterCard are the two biggest brands, but American Express is trying to make a comeback as well. Unfortunately for AmEx, a recent announcement by Fidelity Investments sees the company losing ground in favor of Visa and Bancorp. Unlike these financial services, Bitcoin is not suffering from fractured support, as there is only one currency in play that works for everyone in the world. http://www.newsbtc.com/2016/01/04/bitcoin-is-a-more-viable-option-than-american-express/ |
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Bitcoin exchanges around the world have been looking at various ways to make the purchase of digital currency much easier for novice users. Instant bank transfers are not available in every individual country, but credit and debit cards are widely accepted. Bitstamp has enabled support for residents in the UK and Slovenia to buy Bitcoin with these traditional payments. http://bitcoinist.net/bitstamp-enables-bitcoin-purchases-plastic-cards-uk-slovenia/ |
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For Bitcoin adoption to thrive around the world, proper Internet access will be needed. However, that Internet access does not have to be similar to fiber optic speeds, as using Bitcoin does not require that much bandwidth from a transaction point of view. Bringing Internet access to poor people has been quite a challenge, but non-profit Outernet may have cracked the code to addressing this issue. https://news.bitcoin.com/outernet-can-bring-real-life-use-cases-bitcoin-ecosystem/ |
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The financial situation in China is anything but stable right now, as the continuing devaluation of the Chinese Yuan is causing a lot of worry and confusion. To make matters even worse, the country’s entire market crashed yesterday, leading to an emergency stop all trading activities. When all was said and done, the stock market lost 7% of their value in less than a day, and more chaos would have ensued if trading hadn’t been halted at that time. Time for plan Bitcoin in China by the look of things. http://bitcoinist.net/bitcoin-price-not-affected-by-chinese-stock-market-crash/ |
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A new Bitcoin conference will be coming to Europe later this year, and it will be held in Lithuania. Simply dubbed “Bitcoin Conference 2016”, the goal is to attract startups, companies, and investors from all over the world to Lithuania. . This move seems only natural, as an announcement regarding blockchain technology and digital currencies was made by the Lithuanian Vice-Minister of Economy. http://themerkle.com/news/lithuania-ready-to-embrace-bitcoin-and-blockchain-technology/ |
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Over the past few months, the situation of Bitcoin in Kenya has become a bit of a debacle, as the mobile provider used by BitPesa has cut off the company from providing their services. As this fight between both parties was not resolved in a timely manner, Bitpesa has signed a new agreement with Airtel Money, a different mobile money provider operating in various countries around the world. http://themerkle.com/news/bitpesa-resumes-services-in-kenya-after-partnering-with-airtel-money/ |
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Now that the holidays are behind us, the time of year has come during which people will be looking to exchange their unwanted gifts in favor of something they can use. Most people flock to traditional options such as auction sites to sell the things they don’t need or want. However, this presents an excellent opportunity for more people to get their hands on Bitcoin, if they take the necessary precautions. https://news.bitcoin.com/got-unwanted-gifts-heres-exchange-bitcoin/ |
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