The Bitcoin wallet space just got another heavyweight contender. The one who intends to spar with the likes of Blockchain and Coinbase while keeping an eye out on those like Xapo and Circle who are in a slightly lower weight class than the former. The Amsterdam based BlockTrail has recently launched its new multiplatform, multisignature secure bitcoin wallet. The BlockTrail wallet is available for Android, iOS and web users at the moment. According to the company, BlockTrail’s wallet is more secure than most of the existing alternatives as it comes implemented with multisignature and HD wallet features by default. BlockTrail has been offering Bitcoin API and Blockchain analysis tools since last year. The company is backed by its co-founder Lev Leviev, who…
Is the future of bitcoin in Europe? Acceptance and further developments behind the digital currency have been active and apparent in areas such as the United States and Southeast Asia. Coinbase recently announced its expansion into Singapore, and several major players such as Kraken make their home on American soil, but that’s not to say that there haven’t been problems. For one thing, the U.S. is still coming to terms with the idea of digital currencies in many ways. Regulation stemming from the BitLicense and the various “copy models” we now see in areas such as California and North Carolina has caused several businesses to leave, unwilling to “play by the rules” and put customer privacy on the line. Furthermore, hostility is coming from several…
Coinbase has reportedly decided to compensate the victims of its double billing glitch with Bitcoin. According to an email acquired by the Altcoin Press, the San Francisco-based company lately had a technical issue on its platform, due to which its platform started charging customers twice for each Bitcoin purchasing order. The error affected around 25 Coinbase customers between August 28th and September 1st. But instead of reimbursing the wrongly debited funds back to their rightful owners, Coinbase decided to process the duplicate order — a forceful sell — and credit the users’ accounts with Bitcoins. Following is an excerpt from the mail sent by the Coinbase Support Team: “Because the initial ACH debit and the duplicate ACH debit have both processed on your…
Bitcoin users in Canada can now buy and sell bitcoin using Coinbase. The bitcoin services firm, which has raised $106.7m in four public venture rounds, is now available in 27 countries in North America and Europe. The move follows the company’s expansion to Europe in September 2014. CEO Brian Armstrong had previously indicated that Coinbase is seeking to extend its services to 30 countries by the end of 2015, a goal he disclosed at the time of the startup’s $75m Series C round, announced in January. As a result of the move, Canadian residents can now buy and sell bitcoin using Canadian dollars (CAD), deposit CAD funds into bitcoin wallets and trade CAD/BTC using the Coinbase bitcoin exchange. In an interview, Armstrong explained that, while the…
Bitcoin users in Singapore can now purchase and sell the digital currency via Coinbase. The popular Bitcoin exchange, with around $106 million worth of funds in its pockets, has marked its entry into Southeast Asia. The announcement is quickly followed by its expansion to Canada a couple of days back. CEO Brian Armstrong earlier admitted that Coinbase is looking forward to expand its business territory to around 30 countries. As he indicates, the company’s focus remains on cornering both developed and developing Bitcoin markets around the globe. Singapore marks their first venture outside the North American and European markets. The decision further helps Coinbase in reaping benefits from the innovative regulatory climate of Singapore. The country has shown a…
A unification of all the leading Bitcoin companies is needed to efficiently promote the digital currency, believes BitPay. Sonny Singh, chief commercial officer at BitPay, thinks that the biggest of all the Bitcoin companies are trying their best to hide their affairs from each other. In his opinion, such a competitive attitude is doing nothing but hampering the growth of Bitcoin as a product. “I think a problem Bitcoin faces is that the largest companies — Coinbase, BitPay, Circle, Xapo — they should all kind of work together and talk more among each other,” Singh told Ian Allison of IBTimes, while referring “milk” as an ultimate example of collective brand awareness. ‘Have a Bitcoin Association’, he suggests. ‘Like in America they used to have those…