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1  Bitcoin / Press / [2016-30-03]Canadian Bitcoin Exchange CoinTrader Shuts Down on: March 30, 2016, 08:30:31 PM
Canadian bitcoin exchange CoinTrader has shut down its operations. By the look of things, there is no indication that the exchange will resurface at a later time, either.

CoinTrader, a Canadian bitcoin exchange that – in addition to its exchange platform – also has BTM ATM machines in London and Tokyo, along with point-of-sale systems called CoinZero has “closed its doors” with immediate effect.
2  Bitcoin / Press / [2016-25-03]How Bitcoin Impacts Charity, and Why It’s Cool on: March 25, 2016, 03:11:25 PM
How Bitcoin Impacts Charity, and Why It’s Cool

Charity and nonprofit organizations, contrary to traditional entities, gradually embrace cryptocurrencies and their underlying technology. This move has more or less evident justification. Blockchain technology may revolutionize the way various charitable efforts work, and change it for the better.

First, it’s simple and convenient for the receiving party. Most charity organizations nowadays have to deal with donations from different countries, and moving of funds around the world in traditional finance has always been a nuisance. Blockchain technology, known for its capability of reducing operational costs and accelerating money transfer, not to mention its transparency, may cause the world of charity to change. On the other hand, not all NPO’s are aware of those capabilities, and, as it usually happens, may be simply afraid of using the new technology.
Second, cryptocurrency transactions are equally convenient for the donators.

3  Bitcoin / Press / [2016-03-18]Major Japanese Platform Enables Bitcoin Payments to 19 Million Users on: March 17, 2016, 10:14:42 PM, an online entertainment platform that has 19 million users will enable its users to make purchases on the website with bitcoin. The feature is already active to millions of Japanese after being initiated on March 1, 2016.

With 19 million users, is among the top 25 websites in Japan and offers a varied marketplace that sells everything from online games, to smartphones, digital books to online English lessons and more. In a significant move that could plausibly help with wider bitcoin adoption in an already Bitcoin-friendly country,, via local bitcoin exchange Coincheck has used the latter’s settlement service to enable the cryptocurrency as a payment method to its users. users can now purchase DMM points with bitcoins, before redeeming the points for all products and services listed on the website.

4  Bitcoin / Press / [2016-03-09]Expert: Blockchain Is the Only Option to Solve Ukraine’s Fundamental on: March 09, 2016, 03:36:10 PM
Expert: Blockchain Is the Only Option to Solve Ukraine’s Fundamental Problems

Blockchain technology is the only option to solve Ukraine’s fundamental problems, including corruption, reforms, and non-transparency of elections, expert Mike Chobanyan told ForkLog.
About two weeks ago, Chobanyan became a chairman at the public council for state financial monitoring service of Ukraine. Founder of Kuna Bitcoin Agency and local cryptocurrency exchange, which had raised in excess of 200 BTC during a crowdfunding campaign, Chobanyan believes that former Soviet republics will become the heart of blockchain revolution in five years’ time.

5  Bitcoin / Press / [2016-03-04]Slowing Bitcoin Down: Is It Nature Or Politics? on: March 04, 2016, 02:49:48 PM
There has been a drop in the efficiency of bitcoin transactions lately, and developers have been discussing what’s going on, with the goal of finding a common solution.

The cryptocurrency ecosystem is evolving at a very fast rate. The dynamics within the crypto market and the relationship between BitcoinCT r:  8 and other fast developing altcoins remains a very interesting phenomenon.

The increasing average time of confirmation of transactions on the Bitcoin blockchain has become a subject of debate among developers, and could be a very important pivot point in the development of cryptocurrencies in general.

Christopher Franko is a Blockchain Scientist at He spoke to CoinTelegraph about what could be responsible for the recent delays in transaction confirmation, and the possible response expected from the entire cryptocurrency ecosystem.

6  Bitcoin / Press / [2016-03-04]South Africa’s Biggest Online Marketplace Adds Bitcoin Payments on: March 03, 2016, 08:52:43 PM
Bidorbuy, an online auction and marketplace in South Africa and among the biggest e-commerce platforms in Africa has included bitcoin as a mode of payment for users – buyers and sellers in the marketplace.

Major African e-commerce platform Bidorbuy has enabled bitcoin as a payment option for product purchases, as reported by local bitcoin publication Bitcoinhub. Bidorbuy is a popular online marketplace, with over 30 million page views every month.

7  Bitcoin / Press / [2016-03-02]How Blockchain May Finish Off Big Corporations on: March 02, 2016, 03:12:47 PM
Old-fashioned corporations and traditional business schemes continuously give ground these days. As the world gradually submerges in the ocean of postmodernist paradigm, the very essence of successful businesses is changing, with a term ‘Uber moment’ used to refer to those changes.
Indeed, the same Uber is a cab company that owns no cars. Similarly, Alibaba has no stock, Airbnb manages no real estate, and Facebook does not have its own content. Yet all those companies have already disrupted traditional markets with innovative approaches never seen before on such a scale. Crypto-technologies, being as disruptive as the abovementioned companies, may just finish off the old system. Realizing the conceptual causes and consequences of the process involves consideration of numerous issues.

8  Bitcoin / Press / [2016-03-01]Bank of Russia May Use Blockchain to Control Microfinancing Market on: March 01, 2016, 05:44:46 PM
Bank of Russia concedes employing blockchain technology to de-criminalize microfinancing market and enhance its transparency, Russian publication Izvestia reported.
According to the publication, earlier this February the General Prosecutor’s Office of Russia demanded that the Bank of Russia tightens control over microfinancing organizations and pawn shops. A spokesperson for the Central Bank’s working group for distributed processing and accounting of financial data said that blockchain could be useful in covering the issue.
Blockchain technology may be employed to make credit repayment more transparent and maintain debtor identification easily. In addition, the system will accelerate transactions and provide security for financial data. A lendee gets registered in a blockchain-based system with a personal account associated with his or her identity. The set of letters and numbers will be transferrable to a counterparty without any need to disclose the identity, with only government institutions controlling the data.

9  Bitcoin / Press / [2016-02-29]Russia’s Central Bank Establishes Blockchain Working Group on: February 29, 2016, 06:01:44 PM
While Russian authorities and regulators take a notoriously hardline stance against Bitcoin, the country’s central bank has announced the establishment of a ‘working group’ that will seek to study distributed ledger or blockchain technology, the same underlying technology that powers Bitcoin.

In a confirmed nod toward showing favorability toward blockchain technology and new financial technologies (Fintech), The Bank of Russia (Russia’s central bank) has revealed the creation of a working group to evaluate the applications of blockchain technology.

The Bank of Russia made the revelation in a press release yesterday. The announcement, translated from Russian, read...

10  Bitcoin / Press / [2016-02-26]The Deputy Chairman of the Russian State Duma Committee... on: February 25, 2016, 09:36:03 PM
The Deputy Chairman of the Russian State Duma Committee — the lower house of the Russian legislature — spoke about cryptocurrencies today. The deputy had a few interesting things to say about Russia’s hardline stance on cryptocurrencies in the past and possible future of the legality of Bitcoin in Russia, particularly for settlement with individuals and peer-to-peer transactions.

According to a report by prominent Russian news agency TASS, the deputy chairman spoke broadly about cryptocurrencies and Bitcoin today.

Andrei Lugovoi, the Deputy Chairman of the Russian State Duma Committee for Security and Anti-Corruption claimed that Russia ranked 5th in the world for the number of people trading and using cryptocurrencies.

11  Bitcoin / Press / [2016-02-23]Sony Develops Blockchain Tech for the Education System on: February 22, 2016, 11:51:35 PM
Sony is looking to leverage blockchain and its secure properties by developing a blockchain-based technology that establishes secure open sharing of academic proficiency and progress records through encrypted transmission.

Sony Global Education (Sony GE), a company with the vision to offer new innovative educational services to people around the world has today announced the development of a blockchain-based technology for the educational system.

The technology looks to usher in a new educational infrastructure system that will enable the sharing of academic records over a distributed ledger “in a number of ways.”

12  Bitcoin / Press / [2016-02-21]The Bitcoin Roundtable Proposes Hard-Fork Timeline on: February 21, 2016, 12:38:41 PM
The Bitcoin Roundtable Proposes Hard-Fork Timeline

Following an 18 hour-long meeting in Hong Kong, a group of miners representing nearly 80% of the network’s hash power, alongside with representatives of several prominent exchanges, issued a timeline for introducing a hard-fork solution.
This is the second roundtable this month. The previous one resulted in a statement that the participators would not support any “contentious hard-fork”.

13  Bitcoin / Press / [2016-02-18]Museum of The Future Launches Global Blockchain Coincil in Dubai on: February 18, 2016, 12:03:12 PM
Museum of The Future Launches Global Blockchain Coincil in Dubai

The Museum of the Future, an innovation center in the United Arab Emirates, has announced it creates the Global Blockchain Council, incorporating 32 members, including three blockchain startups, BitOasis, Kraken, and YellowPay.
Other members of the council are government entities and international technological corporations, like Cisco, IBM, SAP, and Microsoft.
The Dubai’s media office stated in a press release that the Global Blockchain Council intends to explore and discuss possible use-cases of blockchain technology seeking to reveal the ways it could be applicable in the country’s financial and non-financial sectors.
14  Bitcoin / Press / [2016-02-17]Blockchain and Politics: Australian Party to Use The Tech For Direct on: February 17, 2016, 11:56:50 AM
Blockchain and Politics: Australian Party to Use The Tech For Direct Democracy

Australian Flux Party intends to use bitcoin in replacing representative democracy with a digital counterpart to direct democracy, Reuters reported.
The concept behind the proposed policy is to elect six senators, who will not propose anything, and will support or block legislative inititiatives basing on votes from the party’s members. The voting itself will be based on bitcoin-like tokens, which are tradeable and exchangeable within the party environment.
Those tokens may be essentialy used for direct voting, exchanging, or providing to trusted proxies. The Flux representatives then vote for a proposed legislation proportionally to the outcome of direct voting of the party members. The party’s founders believe that, even though ministers are not necessarily experts in their field, the party members may re-assign their votes to those having a proper degree of expertise.

15  Bitcoin / Press / [2016-02-11]Ukrainian Bitcoiners Give Away Bitcoins to Cafe and Store Customers on: February 11, 2016, 11:13:08 AM
Ukrainian Bitcoiners Give Away Bitcoins to Cafe and Store Customers

A campaign aimed at popularization of cryptocurrencies kicked off in Ukraine’s capital, Kyiv, on February 10.
Any customer of local natural goods store, which accepts Bitcoin already, and customers of a local cafe, who had made a purchase for more than 100 hryvnias ($3.86 at the time of writing), will get a symbolic one-dollar-worth bitcoin bonus.
Bonus “coins” have an activation code, which the campaign’s participants may enter on the dedicated website to get a relevant bitcoin transaction to their wallets.
The campaign’s organizers expect the bonuses to be spent on mobile account topping up, purchasing tickets to the cinema, or other goods or services.

16  Bitcoin / Press / [2016-02-10]Linux’s Hyperledger Project Announces New Members on: February 10, 2016, 11:34:33 AM
Linux’s Hyperledger Project Announces New Members

The Linux Foundation has announced new members of the working group for creation of an open source blockchain. The project, dubbed Hyperledger, was launched in late 2015, and currently incorporates over 30 institutions.
According to the press release, the project was joined by numerous well-known companies from both technical and financial industries, including ABN AMRO, Accenture, ANZ Bank, Blockchain, BNY Mellon, Calastone, Cisco, CLS, CME Group, ConsenSys, Credits, The Depository Trust & Clearing Corporation (DTCC), Deutsche Börse Group, Digital Asset Holdings, Fujitsu Limited, Guardtime, Hitachi, IBM, Intel, IntellectEU, J.P. Morgan, NEC, NTT DATA, R3, Red Hat, State Street, SWIFT, Symbiont, VMware и Wells Fargo.

17  Bitcoin / Press / [2016-02-08]UN Report on Digital Currencies Calls to Balance Regulation and... on: February 08, 2016, 05:29:31 PM
UN Report on Digital Currencies Calls to Balance Regulation and Innovation

Last week, the UN Economic Commission for Latin America and the Caribean (ECLAC) released a report titled “Opportunities and risks associated with the advent of digital currency in the Caribbean” studying the issue of digital currencies, as well as their risks and opportunities they may possibly give to the Caribbean subregion.
The purpose of the report is to provide local decision makers a balanced assessment of advantages and risks inherent in digital currencies. The document also discusses application of the technology both in the Caribbean and on global scale considering increase of its use.

Outlining the lack of fintech infrastructure in the region and recognizing its unfortunate status as a commonly-recognized offshore haven, the report recalls its predcessors issued by the European Banking Authority and the Bank of England, as well as covers regulation and taxation issues present in New York BitLicense, US FinCEN, and Canadian regulations.

18  Local / Трейдеры / Украинская биржа on: February 04, 2016, 10:36:16 AM
Кто-нибудь пользовался биржей - там за регистрацию бонус дают 15$, но чтобы вывести минималка 20$, кто-то выводил бонусные или нет? не охота пятёрку заводить пока, может кто по смелее и богаче уже был? отпишитесь плз
19  Bitcoin / Press / [2016-01-29]CCN-Bank of America Drawing up 20 More Cryptocurrency & Blockchain.. on: January 29, 2016, 09:42:18 AM
In addition to 15 previously filed blockchain-related patents, Bank of America is now reportedly drafting up another 20 patents that will be submitted to the US Patents and Trademark Office (USPTO) later this month.

While numerous reports from regulators, settling houses and even governments talk up the potential of Bitcoin’s underlying technology – the blockchain, Bank of America (BOA) is trying to get ahead in the blockchain space as one of the few big financial institutions actively filing patents related to crypto technology.

Speaking to CNBC, a spokesperson for the bank revealed that BOA is “currently in the process” of drafting 20 patent applications that are to be submitted to the USPTO later this month.

20  Bitcoin / Press / [2016-01-28]Russian Business Daily Calls Russia to Embrace Cryptocurrency on: January 28, 2016, 06:27:20 PM
Pavel Cherkashin, an angel investor and a partner at Vestor.In Partners, wrote an article for Russia’s most popular business newspaper Vedomosti. There he describes cryptocurrency in general and points out lots of its advantages as compared to the traditional banking system.

Cherkashin stated that, according to expert opinions, at least 10% of the global GDP will be covered by cryptocurrencies.

Describing the traditional banking he wrote:

“Traditional banking system is simply not design to service a global army of independent specialists. A remittance is worth $10 to 20 in average. It makes no sense for a $1 transaction. Transaction fees ‘eat out’ several billions of dollars every year.”
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