CoinCut, a bitcoin vendor based in the UK, recently suffered a security breach that exposed customer information. Visitors on the company’s website could view customer data that included images of passports, IDs, and credit cards. Since then the site has been offline while the company works with authorities to investigate the matter. “We’re trying to […]
IBM is among the sponsors of a forthcoming India-based hackathon set to focus on bitcoin, the blockchain and FinTech.
New Gallup data points to a small degree of trust for digital wallets among consumers.
This episode features Josh Cincinnati, the developer advocate for BlockCypher, a block chain solutions firm. BlockCypher serves ShapeShift.io and their “Confidence Factor” is the reason that ShapeShift is able to process transactions with as little as zero confirmations. Recently this backfired, but Cincinnati says this is to be expected — it is mitigation, not elimination. […]
There are already plenty of bitcoin payments platforms in existence and Nocks seeks to differentiate itself from the rest by introducing an agile and multi-featured aspect. Dutch entrepreneurs Roel Buerra and Patrick Kivits wanted to come up with a platform that was intuitive to learn and friendly to novices. Nocks is a tool that lets users […]
The Canadian Revenue Agency recently stated in section 233.3 of the Income Tax Act that bitcoin and other digital currencies are considered “specific foreign properties” and are to be treated as foreign funds or intangible properties. The rules of the Income Tax Act document states that foreign properties including bitcoin that exceeds the value of […]
Wallace Young, the director of the Federal Reserve Bank of San Francisco, has published an article suggesting community banks should be cautious about Bitcoin firms and consumers. He also pointed out the digital currency’s pros and cons. “Caution is appropriate,” Young said. “Bankers should carefully weigh the pros and cons of extending any loan secured […]
France’s biggest bank BNP Paribas is reportedly testing the idea of adding bitcoin to one of its currency funds, a source at the bank told International Business Times UK. The unnamed source said that BNP Paribas has been doing “beta testing” involving cryptocurrency, and the official announcement could come in the near future. A spokeswoman for BNP Paribas […]
Popular Bitcoin news and analysis platform NewsBTC.com has announced expansion into Central America, a territory which consists of seven countries: Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and Panama. The announcement has surfaced as the part of NewsBTC’s global expansion plans, a step that enables it to become a multilingual Bitcoin news platform. The […]
In this year’s second quarterly report, Australian firm DigitalBTC says that it has put up $1.2 million in losses, bringing the total losses for the year to $2,744,000. Despite this, the company has purchased a total of over $29.6 million in bitcoins this year, with $10,116,000 of that being in this quarter. The bitcoins are […]