Recent Posts From Featured

Energy Trading Set to Turn to Blockchain

Blockchain has become a movement in its own right, the technology that forms the underlying platform for Bitcoin and other digital currencies is being adapted to all kinds of applications today. From insurance documents to identity verification, stock tracking to the veracity of artwork, it seems blockchain has an application everywhere. Now Australian company Power ledger is aiming to revolutionize the energy market by using blockchain to create a market where excess solar energy can be sold directly to consumers. The promise is that of cheaper energy for consumers, and better prices for suppliers, with tests beginning later this month.

Recent Posts From All Categories

Hyperledger Project Expands Again With Airbus

Formed by the Linux Foundation, Hyperledger is an ongoing initiative that pools the collective experience of around 80 different organizations to better progress the applications and abilities of blockchain technology. With names such as Intel and IBM involved, as well as several banking giants, focus on technology and finance is unsurprising, but new contributor Airbus, the aviation manufacturer, shows the diversity of application that blockchain possesses, and just why so many major businesses are investing so much into it.

The First Bitcoin Exchange in Moscow Is Open for Business

The idea of a digital currency has spread across every continent and almost every country since the launch of Bitcoin in 2009, but it has met resistance throughout that journey from law makers and regimes right across the world. One of the most hostile regimes towards digital currencies has been that of Russia, who were even going as far as criminalizing the use of a digital currency, with a penalty of a fine of up to $40,000 or even prison sentences. However, last week that proposal was scrapped, and with a slightly less aggressive stance towards cryptocurrency in the country, just days later Moscow saw the opening of its first Bitcoin exchange.

Bitcoin Trading up in Japan As Yen Stays Flat

We have seen a few instances now where problems in the fiat monetary system within a country can see a sometimes dramatic shift towards digital currencies as a viable asset for funds. Recent examples include both Greece and Venezuela, and now we see in Japan Bitcoin trading increase over 50 times in volume from year to year. With no obvious collapse in the Yen, is there something different driving things this time, and what does it mean for cryptocurrencies in the future?

Next Bitcoin Software on the Horizon

With a new update to Bitcoin’s software fast approaching, new additions attract much interest, and when version 0.13.0 is released in the coming weeks, the biggest new feature found in the code is the solution for block size and increased transactions, Segregated Witness. Initially launched as a passive addition to ensure stability, the feature, that increases the transaction volume possible without increasing block size, will be enabled in version 0.13.1, assuming this rollout is successfully tested. At the same time, a threat to release a hacked version of the software has been revealed, along with ways to ensure that the version you obtain is the real one.

Digital Currency Weekly Recap 8-21-2016

In Response to Bitfinex Hack, BitGo Calls for Crypto Standard

Steem Cools, But Still Fourth-Largest Digital Currency

World High on FinTech

Bank of England Crypto Effort Slowed by Shortage of Experts

Blockchain Weekly Recap 8-20-2016

Australia-Based Veredictum Harnessing Blockchain to Combat Film Industry Piracy

DHS Awards $1.3 Million for Cyber Security Research

Airbus Joins Hyperledger Project

New Greenwich Associates Report Highlights Finance Industry Concerns over Blockchain Security

Bitcoin Weekly Recap 8-19-2016

California Bitcoin Regulation Effort Stalls Again

Moscow Gets First Bitcoin Exchange

UN Seeking Bitcoin Volunteers to Educate Africa’s Children about Cryptocurrency

Auction Seeking 1 Million Bitcoins for Stolen NSA Cyberweapon Yields Top Bid of 1.5 Bitcoin

Energy Trading Set to Turn to Blockchain

Blockchain has become a movement in its own right, the technology that forms the underlying platform for Bitcoin and other digital currencies is being adapted to all kinds of applications today. From insurance documents to identity verification, stock tracking to the veracity of artwork, it seems blockchain has an application everywhere. Now Australian company Power ledger is aiming to revolutionize the energy market by using blockchain to create a market where excess solar energy can be sold directly to consumers. The promise is that of cheaper energy for consumers, and better prices for suppliers, with tests beginning later this month.

Beware of Pyramids and Other Scams Masquerading as Legitimate Digital Currency Investments

Wherever there is money to be made, there will always be crafty scam artists with complex plans to bilk naive and unsuspecting investors out of their money. Since bitcoin and dozens of other digital currencies are proving to be very lucrative investments, it comes as no surprise to find criminals surfacing, pretending to be legitimate members of the digital currency industry.

Aside from the illegal ‘pump and dump’ schemes that were commonplace with many of the early fly-by-night cryptocurrencies, there are scarier scenarios involving pyramid schemes that have the potential to do a lot of damage to the industry’s reputation. The Ponzi or Pyramid may involve the criminal using a legitimate cryptocurrency, but the ones that may have the most painful impact on their victims are those ‘currencies’ created solely to run the scheme. These fraudulent acts have nothing to do with digital currency and everything to do with criminals preying on easy targets that buy into their get-rich-quick pitches. Unfortunately, as we have witnessed time and time again, that is not how the story will be portrayed in the mainstream media – they will find a way to blame bitcoin.

California Moves Towards Digital Currency Legislation Overhaul

Digital currencies have been causing law makers problems since they first appeared, oversight and control of a distributed system has been a challenge non have yet to conquer. However, some oversight of the industry will likely always be necessary, it is finding the balance between preventing fraudulent behavior and ensuring that cryptocurrencies can be used effectively. The latest attempt to strike that balance is in California, where a new Bill has been put forward to overhaul legislation pertaining to businesses involved in the digital currency industry.