Bitcoin discussion starts at about 7 minute mark |
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How is technology changing the way we use money? KickNetwork 2012-12-12 http://thekicknetwork.com/how-is-technology-changing-the-way-we-use-money/We met with three entrepreneurs working on changing the way we think of banks and money. How is the financial industry changing and what are the opportunities? Jeremias Kangas from localbitcoins.com is a proponent of the crypto-currency Bitcoin and believes that digital cash is the future. Kristoffer Lawson from Holvi talks about the decentralization that we have seen in other industries coming to the banking sector. Peter Ollikainen from Mistral Mobile talks about the opportunities and challenges for technology to provide financial services in developing countries. This video was recorded as a part of the seminar Banking 2.0 – the future of money. |
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Chinese site "IT Business News Network" 移动支付的四大趋势与五大难关 (Four major trends in mobile payment with five major difficulties) Tian Lei 2012-12-11 http://mi.itxinwen.com/app/2012/1211/464724.htmlalso posted at: http://www.enet.com.cn/article/2012/1212/A20121212207276.shtml(machine translation) ... International virtual currency Bitcoin virtual currency, of a of P2P (peertopeer, point-to-point) to similar Q coins, it is in the form of files stored in your computer. You can use it to buy some virtual goods, if the other party to accept, you can also buy with Bitcoin reality items. The Bitcoin Q coins and real money the biggest difference is that it does not belong to the state or any organization or individual, any person in a networked computer will be able to participate; in Bitcoin's world, the degree of freedom of the currency reached an unprecedented height . Because the system generates the Bitcoin speed and a limited number of, many anxious to use Bitcoin users would prefer to use real money exchange with others, so, Bitcoin began circulation, with the value of ... |
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Brief mention of Bitcoin and the 'Bets of Bitcoin' website as a possible alternative to intrade. Intrade shutdown disrupts betting market on elections, air strikes, and celebrity arrests Adrianne Jeffries 2012-12-11 http://www.theverge.com/2012/12/11/3753082/intrade-shutdown-cftc-us-december-2012... Hardcore Intrade addicts can also turn to the tiny prediction market Bets of Bitcoin, where some believe converting your dollars to the internet currency Bitcoin circumvents laws around commodity options because the site isn't using a government-recognized currency. ... |
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Tech Weekly Podcast: digital currency Bitcoin gets Europe banking approval Pierre Noizat from Bitcoin.org discusses the growth of the online peer-to-peer currency and we discuss how digital technologies are changing the commercial image library business Aleks Krotoski, Jason Phipps, Charles Arthur 2012-12-11 http://www.guardian.co.uk/technology/audio/2012/dec/11/audio-tech-weekly-podcast-bitcoin-shutterstock(Bitcoin discussion starts at about 17:30) "This week Bitcoin was given official recognition by the European banking system" ... |
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Is Bitcoin the bank of your future? Analysis: The digital disruption of banking. Charis Palmer 2012-12-12 http://www.itnews.com.au/News/325979,is-bitcoin-the-bank-of-your-future.aspxMillions of people won’t require a bank account in the near future, according to finance entrepreneur Brett King, as technology solutions continue to disrupt the role of funds distribution traditionally controlled by banks. King’s comments come after the company that operates an exchange enabling the trading of digital currency Bitcoin was licensed as a payments services provider through a partnership with two French financial institutions. ... |
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Bitcoin-Central Is Now The World's First Bitcoin Bank...Kind Of Morgen Peck 2012-12-11 http://spectrum.ieee.org/tech-talk/telecom/internet/bitcoincentral-is-now-the-worlds-first-bitcoin-bankkind-ofLast week, Bitcoin-Central, a Bitcoin exchange and storage service provided by the French company, Paymium, made a huge announcement. In essence, they said that they will now legally be able to carry out all of the functions of a payment service provider (such as Paypal or Dwolla)—with "legally" being the key word here. The truth is that it looks like a bank and it talks like a bank. But it's not really a bank. But that's okay. For the moment, let's just talk about appearances. Because in this case they are very important. ... |
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French company to issue debit cards linked to bitcoin Paymium CEO Pierre Noizat says his company is focusing on the transactional benefits of the bitcoin system Jeremy Kirk 2012-12-11 http://www.techworld.com.au/article/444283/french_company_issue_debit_cards_linked_bitcoin/... A small company in France, Paymium, plans to make bitcoin easier to handle early next year by issuing debit cards linked to payment accounts that can accept the alternative currency. ... Early next year, Noizat said Paymium is planning to offer debit cards, which would make it easier for people to withdraw funds. Bitcoins could be sold through the Bitcoin-Central exchange, with funds deposited in the Aqoba payment account and withdrawn through a debit card. Noizat said Paymium is still investigating whether non-French citizens can legally open accounts. ... |
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Notable because Warren Mosler is a well known economist. It looks like finally the point is getting across that Bitcoin can be useful no matter what the exchange rate. Bitcoins join global bank network Warren Mosler 2012-12-10 http://moslereconomics.com/2012/12/10/bitcoins-join-global-bank-network/(entire article text) Been looking at Bitcoins for a while and seems it’s not a currency but a payments system. For example, a acquaintance of mine who wanted to buy an item arranged with the seller to do it via Bitcoins to ‘save’ on vat taxes. Say the Bitcoin happened to be valued at $12, the buyer wanted to pay $120 dollars.(Note that the value per se was of no consequence for this transaction.) What the buyer of the item did was buy 10 Bitcoins for the $120, while simultaneously the seller sold 10 bit coins for $120. The buyer then then bought the item by transferring his 10 Bitcoins to the seller via the exchange, who ‘delivered’ them to the exchange for his prearranged $120. Bitcoins facilitate untaxed and anonymous transactions. The value of a Bitcoin is of no particular consequence to the buyer and seller in the case of transactions like this, and will fluctuate as a function of the policies of the exchange management. And seems the right to ‘operate as a bank’ now officially sanctions this type of activity. Virtual cash exchange becomes bank ** Bitcoins join global bank network ** A currency exchange that specialises in the virtual currency known as bitcoins has won the right to operate as a bank. About Warren Mosler (snipped from Wikipedia) Warren Mosler (born September 18, 1949) is an American economist, president and founder of Mosler Automotive, and co-founder of the Center for Full Employment And Price Stability at the University of Missouri-Kansas City. He briefly ran for President of the United States as a member of the Democratic Party in the 2012 election before dropping out to run for U.S. Senate.
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Bitcoin exchange gains backing from French bank Michael Lee 2012-12-10 http://www.zdnet.com/bitcoin-exchange-gains-backing-from-french-bank-7000008533/Paymium, the company running Bitcoin-Central, has entered into a partnership with payment processor Aqoba and French bank Credit Mutuel Arkéa, enabling it to create accounts to hold the bitcoin currency. ... This, coupled with its new partnership, means that Bitcoins would be subject to the same protections as Euros held at the Credit Mutuel Arkéa bank. ... Bitcoins with the same protections as Euros? Hmm.. still some confusion about this development it seems. |
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Venture capitalist Fred Wilson's blog is well known, and his interest in Bitcoin continues. Arduino, 3D Printers, Kickstarter, and BitCoin Fred Wilson 2012-12-09 http://www.avc.com/a_vc/2012/12/arduino-3d-printers-kickstarter-and-bitcoin.htmlnow also - http://www.businessinsider.com/arduino-3d-printers-kickstarter-and-bitcoin-2012-12... I told Dan that Arduino, 3D printers, Kickstarter, and Bitcoin are four "toys" that I think will radically reshape some big industries in this decade. Of course it may not be Arduino as we know it. Or it may not be Bitcoin as we know it. ... I have said this before. The more I hear people laughing at, deriding, and dismissing something the more I think it is likely to be a big deal. I remember when the common refrain about Twitter was that nobody wants to know what someone had for lunch. Well maybe they do. And maybe Bitcoin will be accepted in Starbucks someday ... |
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Bitcoin gets banking rights Greater recognition of digital currency. Juha Saarinen 2012-12-10 http://www.itnews.com.au/News/325720,bitcoin-gets-banking-rights.aspxPaymium, the company that operates the Bitcoin-Central exchange, has been licensed as a payments services provider through a partnership with French financial institutions Aqoba and Credit Mutuel Arkéa. ... |
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This isn't really an 'article' - just an item in their 'Fast Feed' which is for breaking news. I figure it's noteworthy in that fastcompany is relatively influential in business circles (Mag circulation approx 750K, 600K+ twitter followers) Bitcoin-Central Gets Bank Status Nidhi Subbaraman 2012-12-07 http://www.fastcompany.com/3003819/bitcoin-central-gets-bank-status(full text of item) A Bitcoin exchange has become a Payment Service Provider in Europe after partnering with French banks Aqoba and Credit Mutuel. This means that owners could bank their Bitcoins, pay with Bitcoins using a debit card, and be protected by schemes that apply to regular money and regular bank accounts. The BBC explains that this setup gives Bitcoin Central network a position equivalent to PayPal and WorldPay. |
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Bitcoins: The future of banking? Truthloader Investigates 2012-12-07 http://www.youtube.com/watch?v=3LOovTQCNxI... Bitcoins are a digital, decentralised currency used by thousands worldwide, and the idea is growing quickly. Truthloader takes a look at the pros and cons of the controversial replacement for cash which aims to take on the banks. ... |
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Original title: Bitcoin-Central secures PSP license New title: Bitcoin-Central backtracks on PSP claims (2012-12-10) 2012-12-07 http://www.finextra.com/News/FullStory.aspx?newsitemid=24361A European Bitcoin exchange says that it has secured a license to operate as a payments service provider (PSP), bringing the crypto-currency into the formal economy. ... Acknowledging that moving into the formal system is at odds with the libertarian ideals of some Bitcoin users, the firm says: "Some people might argue that regulation is a bad thing. We respect this opinion, but we'll have to agree to disagree." 2012-12-10 - article updated. A European Bitcoin exchange has moved to "clarify" claims that it has secured a license to operate as a payments service provider (PSP), bringing the crypto-currency into the formal economy.
Update
Bitcoin-Central has now backtracked on its original claims, revealing that it has not become a registered PSP but will offer the new services thanks to a partnership between its parent company Paymium and Aqoba, which is a registered PSP.
Says a statement: "It is still a big development for a Bitcoin exchange to be able to operate legally within the European regulatory framework. Bitcoin-Central is leading the way in this respect. But we're neither a bank, nor a PSP. And we intend to keep it that way."
Finextra describes itself as: "Online community and newswire for the global financial technology sector" and "the leading independent newswire and information source for the worldwide financial technology community." It often reports snippets regarding Bitcoin. |
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Bitcoins, the Web's Digital-Only Currency, Will Soon Have Its Own Bank David Mendez 2012-12-07 http://www.tucsonweekly.com/TheRange/archives/2012/12/07/bitcoins-the-webs-digital-only-currency-will-soon-have-its-own-bankBitcoins, if you're not familiar, are a digital currency that have been established by those on the internet become, in some circles, the currency of the internet, due in part to its largely untraceable nature—and the fact that they're not backed by a government whose economy is unstable is a plus (we're looking at you, European Union). ... We may very well be looking at the currency of the future here, folks. And it's only hardly more made-up than most currencies! Hooray! |
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Bitcoin-Central Approved to Operate as Actual Bank, End of the World Clearly Nigh Rollin Bishop 2012-12-07 http://www.geekosystem.com/bitcoin-bank-licensed/... Well, folks, it looks like Bitcoin is truly here to stay as the alternative currency of choice. In fact, its “alternative” status might even soon come into question. ... Assuming all of this pans out, this could be just the beginning of the popular Bitcoin exchanges cutting deals with traditional institutions for similar benefits. It obviously also makes Bitcoin-Central a major target for those looking to commit any kind Bitcoin-related fraud going forward. |
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Bitcoin Is as Legit as Paypal Now, in at Least One Country Rebecca Greenfield 2012-12-08 http://www.theatlanticwire.com/technology/2012/12/bitcoin-legit-paypal-now-least-one-country/59764/... Bitcoin, the occasionally frightening virtual currency that doesn't believe in government regulation, just got itself some. One of its exchanges, Bitcoin-Central, has received approval from France's government to operate as a payment service provider there, PayPal-style. With that relationship comes some insurance protection that should help get people trusting Bitcoin again. ... |
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The New Bitcoin Bank Defeats the Purpose of Bitcoin Daniel Stuckey 2012-12-08 http://motherboard.vice.com/blog/bitcoin-bankers-want-to-steal-the-show... Regulating bitcoin? Banking it? Issuing bank cards? Gaining 'attractivity' from second and third-round investors? It's a classic sell-out story cruising along under some shield of financial nerdery. ... To me it feels like these French dudes are bringing saltpeter to a rave. We'd call them "narcs" in another age. Efforts to cooperate with governing financial bodies signals nothing short of self-fascinated greed and far-reaching justification. ... |
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New malware disguises itself as Trend Micro component, installs Bitcoin miner to make money Emil Protalinski 2012-12-08 http://thenextweb.com/insider/2012/12/08/new-malware-disguises-itself-as-trend-micro-component-installs-bicoin-miner-to-make-money... While threats trying to play themselves off as security solutions is nothing new, and neither are Bitcoin miners dropped by Trojans, putting the two together appears to be something new ... For those who don’t know, Bitcoin is a decentralized digital currency, currently the most-widely used alternative to common forms of money (total market cap at over $100 million). Because it has no central issuer, it has no single authority and thus no way to lock out certain users (or countries) out of the network. It can be used to pay for certain transactions both offline and online. ... |
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