Recent Posts From Featured

Visa Turns to Blockchain Development

Interest in blockchain within the financial industry has been increasing over the last two years, but now the world’s largest payment company, Visa, has opened a dedicated development facility in Bangalore, India to explore the possibilities of blockchain, the potential of the technology cannot be questioned.

Significant investment and future success from Visa can be extremely beneficial to the wider industry, and for Visa itself, exploring the potential for efficiency savings that blockchain could bring may change the way we view the entire financial industry.

Recent Posts From All Categories

Insight from Bitcoin Payment Data

Understanding the digital currency market, how it is being used and how often, is an important part of assessing the position cryptocurrency is in and what the future is likely to be. When industry data appears it gives us a great insight into the current market, and allows us a chance to see any underlying trends and potential for improvement. With its recent announcement of payment data, European Bitcoin Exchange CEX.IO has provided exactly that information, showing sales volumes as well as purchase method across their exchange service.

Blockchain Shows Its Versatility in the World of Art

Ensuring the validity of art has always been a troublesome process, with fragile documentation and vulnerability through movement causing many opportunities for problems. However, professional service firm Deloitte have recently announced a new proof of concept that aims to remedy this.

Based upon blockchain technology, the foundation of digital currencies, Deloitte have proposed a system that offers continued verification throughout an art piece’s life, from the artist themselves through transport organizations and galleries, providing a traceable record of the art piece from start to finish to ensure validity.

European Union Speaks about the Benefits of Bitcoin

There has been an ongoing investigation into Bitcoin and the cryptocurrency industry as a whole undertaken by the European Parliament’s Committee on Economic and Monetary Affairs, whose final report on the subject has just been released. While there are some points that will generate a mixed response, overall the report is extremely positive, outlining ways in which the technology could be used to enhance user experience and lower transaction costs within the EU itself. Both Bitcoin specifically and the blockchain technology that drives it came in for praise, signifying a healthy view of digital currency by the law makers within the EU.

Vermont Breaks New Ground in Cryptocurrency Technology

As digital currencies like Bitcoin, and the underlying technology behind them, blockchain, push for wider acceptance, one of the issues that often comes to the fore is the notion of trust. By their very nature, a digital currency operates outside of the existing system that people are used to. That brings much of the benefit of Bitcoin and other currencies of course, but is also an issue for new potential users where the issue of trust still brings issues. However, Vermont recently passed a bill through both its House and Senate that would give documentation notarized by blockchain legal recognition. This should be the first step on establishing trust while retaining the benefits of being external to the current system, and could have significant impact on the industry.

Digital Currency Weekly Recap 5-22-2016

Aten Coin Conference Will Focus on Crypto Compliance with Criminal Laws

New Report from Technavio Forecasts Impressive Growth in Digital Currency Market Through 2020

DAO Raises $120 Million in Cryptocurrency

Coinbase to Officially Include Ether on Its Exchange

New Book by Alan Yong Published!

Blockchain Weekly Recap 5-21-2016

IBM’s Blockchain Service on Bluemix Launches in Beta

Bitland Blockchain Initiative Offers Land Registration System for Ghana

BTC Media Hosting St Louis Blockchain Conference in June

Data Protection Firm Acronis Invests in Blockchain

ANX Unveils New No-Cost Blockchain Services

Bitcoin Weekly Recap 5-20-2016

Russian Anti-Bitcoin Proposal Withdrawn

Canadian Judge Dismissed $500 Million MtGox Class Action

Hacker Steals Bitcoin; Gives it Away to Fight Terror

Mycelium Crowdsale Raises More Than $2 Million

Fake Hacker Convicted of Bitcoin Extortion of Mitt Romney

Visa Turns to Blockchain Development

Interest in blockchain within the financial industry has been increasing over the last two years, but now the world’s largest payment company, Visa, has opened a dedicated development facility in Bangalore, India to explore the possibilities of blockchain, the potential of the technology cannot be questioned.

Significant investment and future success from Visa can be extremely beneficial to the wider industry, and for Visa itself, exploring the potential for efficiency savings that blockchain could bring may change the way we view the entire financial industry.

Incorporating Your Bitcoin Income into Your Tax Return Is Now a Simpler Process

Bitcoin has broken down many barriers to usability since its launch, it has become easier to purchase, easier to own, easier to spend and easier to convert into local currency. This has driven and increase in the number of businesses who accept the digital currency as payment for their services or goods. However, bitcoin has remained difficult to manage in terms of integrating into income regulation for tax purposes for those businesses with little in the way of advancement in that area. Until now, as a new tax compliance software has been launched by Avalara that allows real time tax calculations for bitcoin transactions.

Blockchain Potential Expands Into Energy and Healthcare Industries

Blockchain has started to overtake Bitcoin itself as the most valuable commodity within the cryptocurrency industry, with huge amounts of investment funding backing new financial industry startups that seek to make use of blockchain for a variety of industry specific applications. However, not all of the ongoing research is directed at the financial industry, and the recent announcement by a research group created by Imperial College London that they will be looking at potential blockchain applications within a wider range of industries shows the broader potential of the technology, and possibly has much greater importance long term.