Tagged: bitcoin

Philippines: Central Bank Will Regulate Bitcoin, Virtual Currencies

The central bank in the Philippines laid down regulations last week for virtual currencies, including bitcoin. Bangko Sentral ng Pilipinas (BSP) was prompted by the surge in the number of money transfers across borders.  More specifically, the financial body is looking to mitigate risks, such as… Read More

Banks, Startups and Trolls to Duke Over Blockchain?

Reports came out during the holiday season last year of banks quietly stocking up on blockchain patents.  Banks will compete with startups making the same moves.  They will also compete for patents with trolls who suppress innovation. The future of blockchain innovation depends on who… Read More

Jason Butcher Joins NCFA’s Crowdfunding Ambassadors Program

“Together we can create it all. Crowdfunding helps to bring us together,” stated Jason Butcher. The National Crowdfunding Association of Canada (NCFA Canada) tapped Parallel Payments founder Jason Butcher to join its Association’s Crowdfunding Ambassadors Program. Crowdfunding Ambassadors, leaders, educators, supporters and advocates of an inclusive and broad-based crowdfunding industry… Read More

The Federal Reserve Publishes Report on Blockchain: “Could Reduce or Even Eliminate Operational & Financial Inefficiencies”

The Federal Reserve released a report on Distributed Ledger Technology (DLT) or Blockchain last week. The document reviews the potential and challenges for the new technology to disrupt and benefit financial services.  The Federal Reserve is correctly reviewing DLT – just as other central banks… Read More

Christian Catalini & Joshua Gans: Bitcoin & Blockchain will Challenge Existing Models & Incumbent Businesses

Christian Catalini of MIT is out with a new paper – this time on the future of Bitcoin and Blockchain technology.  Catalini may be best known for his work on crowdfunding but with this publication, Catalini has partnered with Joshua Gans of the University of… Read More

First: EY Switzerland will Now Accept Bitcoin as Payment for Services

EY Switzerland has announced that beginning January 2017 all of their customers may settle their bills using Bitcoin. Simultaneously, EY announced that employees will be receiving a digital wallet and a Bitcoin ATM has been placed into operation and is publicly accessible to the office building… Read More

The US Government is Worried that Usage of Digital Currencies will Lead to Tax Avoidance

The Treasury Inspector General for Tax Administration (TIGTA) published a document this fall that reviewed the growing usage of Bitcoin and other digital currencies in the private sector. While acknowledging there are benefits to “virtual currencies” including lower transaction fees and faster transfer of funds… Read More

PwC Dives into Blockchain, Offering More Transparency with Vulcan

PwC launched earlier this month a new Fintech tool called the Vulcan Digital Asset Services, which digitizes everyday banking, commerce, and personal currency and asset related services.  Currently, specific services available include digital asset wallets, international payment processing, and investment and trading services.  In the near… Read More

Bitbond is the World’s First P2P Lender Using Digital Currency

Bitbond is one of the most interesting SME lenders around today. Launched in 2013, the online lender eschewed dollars and euros to focus on digital currencies, specifically Bitcoin. The global peer to peer lender provides access to capital for small business around the world. As… Read More

Wefunder Now Accepts Bitcoin, Says Deal Pipeline is Very Strong

Wefunder, the Reg CF platform that has now crowdfunded over $8.4 million since May of this year dominating the sector, has now added a new feature.  Wefunder now accepts Bitcoin transactions making it even easier to invest in early stage companies. Bitcoin is generally thought… Read More

Cambridge Centre for Alternative Finance Announces Research on Blockchain

The Cambridge Centre for Alternative Finance (CCAF), has announced a new study focused on blockchain utilization and development.  CCAF has quickly become the global leader in alternative finance research with its annual reports targeting different regions around the world. CCAF has now undertaken their first… Read More

Brief: German Bitcoin Startup Bitbond Receives BaFin License

Bitbond, a Berlin-based startup that connects small business owners who need a loan with investors and uses the Bitcoin blockchain for payment processing, announced on Tuesday it received its BaFin license. Sharing details about the new license Radoslav Albrecht, founder and CEO of Bitbond, stated: “With our own… Read More

Here is the Bank of England Document on the Central Bank Issuing Digital Currency

The advent of digital currencies and blockchain technology has engendered great consternation and interest from policy makers around the world. The concept of bitcoin or other cryptocurrencies may be the next step in fiat currency. Having made the leap from barter to coins and then… Read More

Unocoin Finds Pre Series-A Pot of Gold, Raises Record Amount for Indian Currency Venture

Unocoin, a Bangalore based Bitcoin startup, has raised $1.5 million in a Pre Series-A round, the highest total raised for a digital currency venture in Indian history, said the platform. Funding was sourced from Blume Ventures, Mumbai Angels and ah! Ventures along with prominent international investors such as Digital Currency… Read More

ICONOMI’s “Uberizing” Initial Coin Offering: More than $9.1M, 3K Investors & Counting

Since Monday morning, ICONOMI, the globally licensed and regulated bitcoin exchange, has quickly raised an additional $3 million through its “ICO” (Initial Coin Offering) after the “uberized fund management” platform raised to its approximately $5.8 million raised in the campaign’s first month. As of this writing, ICONOMI has now eclipsed… Read More

Florida Court Explains Why Bitcoin is Not Money

Having just gotten around to reading the order granting the motion to dismiss in the proceedings of the State of Florida vs. Michell Abner Espinoza, the document by Circuit Court Judge Teresa Pooler, is pretty interesting.  The case regarding Espinoza has been in the news… Read More

Brief: Invesdor Announces First Helsinki Blockchain Conference

Equity crowdfunding platform Invesdor announced this week that the first annual Helsinki Blockchain Conference is set to be held on August 26th at Microsoft Flux. The funding portal shared the event’s description, which reads: “We are delighted to invite you to Helsinki Blockchain Conference 2016,… Read More

Plutus Raises $1 Million in Crowdsale of Plutons

ICYMI London-based start-up Plutus Tap & Pay raised money in a “Crowdsale”.  Plutus is creating a contactless payment system for cryptocurrencies. According to a statement by Plutus; “Over a thousand people rushed to participate to what was probably the shortest 9 day crowdfunding round to… Read More

Trendon Shavers Gets 18 Months in Prison for Bitcoin Savings & Trust Fraud

According to Reuters, Trendon Shavers, founder of the Bitcoin Savings and Trust company, received 18 months in prison and was ordered to pay back $1.25 million to his victims.  The sentence was handed down this week by US District Judge Lewis A. Kaplan in Federal… Read More

SecondMarket, Bitcoin Investment Trust, Settle with the SEC

The SEC filed an administrative proceeding today regarding a Cease & Desist instituted against SecondMarket and Bitcoin Investment Trust (BIT).  The entire affair relates back to an event in 2013, where BIT, a Delaware trust whose sole assets were bitcoins, began offering shares on the… Read More