San Francisco-based Bitcoin company Chain Inc. has clinched an investment of $30 million and the investors include financial heavyweights such as Visa Inc., Nasdaq Inc., Citi Ventures, Capital One Financial Corp., Fiserv Inc. and Orange SA. Chain Inc. works with banks and other financial firms and claims that its “solutions enable institutions to design, deploy and operate blockchain networks that can power any type of asset in any market.” As reported by the Wall Street Journal, the company has also said that the former American Express Co. CEO and venture capitalist Jim Robinson III has joined its board. The investment and the interest shown by such big financial institutions may seem a little startling to those who recall how these very…
Bitcoin startup Blockchain has added a former banking chairman and a former Facebook executive to its team of advisors. The announcements were issued on Blockchain’s blog over the past two days, with former chairman for Merrill Lynch Europe, Middle East and Africa Bob Wigley, revealing his role in a post today. The news followed a separate post in which Salil Pitroda, who previously worked for Facebook as a corporate development executive, disclosed he has been working with Blockchain as an advisor for the past year. In a separate article published in The Financial Times, Wigley detailed that he also made an investment in Blockchain for an undisclosed amount. Wigley wrote in his announcement that he had been approached by other bitcoin startups seeking…
Mercator Advisory Group has come up with a new research on the Bitcoin and the problems it could face in the future. The research titled “How Many Sidechains Can Bitcoin Economics Support?” also has an in-depth study of the past issues that once threatened to put a stop to Bitcoin. The study also explains the complex and intricate working of the blockchain and it also discerns the reason behind August 20, 2015, burnout which the research describes as the outcome of “external systems performing automated trading based on the value of the Bitcoin.” It also offers advice to the business personnel who are interested in using the blockchain technology to seek answers for issues that are unrelated to the value of Bitcoin. Tim Sloane, VP, Payments Innovation, and author…
Silk Road Drug Bazaar Gave Bitcoin & The TOR Project A Bad Name! Written By: Patrick ‘PK’ McDonnell Jon Bon Jovi said it best in 1986, “You give love a bad name (bad name), you give lovvvvvve a bad nammmmmme…..” Well it’s late 2015, the aftermath of Silk Road’s use of Bitcoin & The TOR Project for crimes created a subliminal mainstream rejection in many minds dismissing Bitcoin as a criminal tool while TOR is for the dark world hacker with no use to everyday internet users. Yet these 2 tools are the solution to many problems we face in a world of ever-changing technology with a record increase in identity fraud & theft. Ross Ulbricht & Silk Road definitely increased the mainstream growth of Bitcoin/TOR….
I am a serial Bitcoin, Blockchain & Cryptocurrency internet domain investor with a portfolio of over 100 unique handles that I have parked or are up for auction with my host for investment purposes only [buy low/sell high], “The American way as they say.” I got involved in this sector after reading an article that stated, ‘www.BitcoinWallet.com sold for $250K USD to Austin, Texas, entrepreneur Alex Charfin’. I was intrigued & decided to research this a little more on my own. In the article Alex Charfin was apprehensive in announcing his reasons for the purchase or intentions of future use of the site which made me suspicious? I did a complete domain records search of www.BitcoinWallet.com & came up with nothing. But the crypto…
In an interview with a publication, blockchain specialist Nick Szabo has said that the banks would need to abide by the same principles as are followed by the Bitcoin, if they want to get more out of blockchain. For that, he said, the banks will have to accept the system of ‘permissionless blockchain.’ He also said that if the banks decided to go on the path of permissionless blockchain then they will not only do as good as the current companies but also may end up surpassing them. However the cryptocurrency specialist was quick to point out that since the bureaucracies are keenly focused on the importance of regulations hence, it would be extremely difficult for the banks to break-free of them. He further struck a cautionary note when he said that the blockchain…