Funding Bitcoin development seems to have always been problematic. While the Bitcoin industry collectively has raised more than a billion dollars worth of investment over the past years, development of the Free and Open Source Software the industry largely relies on has always had trouble gathering sufficient funds and manpower for development. Several arrangements to raise funds have been […]
Overstock announced a strategic investment in Bitt, a Caribbean-based fintech company whose goal is to persuade Caribbean island nations to adopt digital national currencies. The investment was announced at a media conference in Barbados hosted by Avatar Capital, which invested in Bitt, and attended by representatives from both Bitt and Overstock. Politicians and dignitaries from […]
Roughly two months ago, Lightning Network creators Joseph Poon and Tadge Dryja visited the Coinbase offices to explain how their design works and answer some questions from Coinbase employees and executives. After an explanation of why the duo does not believe centralization via supernodes will be an issue on the network, they went into a […]
Bitcoin Core, the volunteer community that develops the open-source bitcoin software, has announced a new sponsorship program.
The R3 consortium of financial institutions working on a blockchain-based solution to improve the financial services infrastructure has released an update on its initiative, which it calls “Corda.” Since the R3 consortium has continuously drawn more members among major institutions since it began six months ago, it has naturally attracted attention from the fintech and financial communities. The […]
Earthport discusses how it is achieving the efficiencies many associate with “blockchain” without using a digital asset or alternative currency.
The quotes are certain to raise eyebrows among bankers, everywhere. The Vice President of Sberbank, Russia’s biggest bank by assets and the third largest bank in Europe (2014 figures) has opined that the advent and spread of blockchain technology will see banks disappear by 2026. Speaking at Metro Expo 2016, an industry conference, Sberbank’s vice […]
Bitcoin price printed a mediocre move during this week’s first two days of trading by reaching above $420 (Bitstamp). The move now looks to be keeling over, and we should see a small sell-off to local support. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? […]
The open-source peer-to-peer marketplace software OpenBazaar is now live, marking a major milestone for the long-running project.
Almost a full year ago, a group of Bitcoin developers, including Amir Taaki, developed an early prototype of a decentralized marketplace during the Toronto Bitcoin Expo Hackathon. The team behind the project, which also included developers from Airbitz, won the hackathon for their work on DarkMarket, but they had no intention of working on the […]