Digital Currency Weekly Recap 4-3-2016

digital currency

Digital Currency Weekly Recap 4-3-2016


ConsenSys Announces Microsoft Visual Studio Support for Ethereum’s Solidity

In a recent press release, ConsenSys revealed that it was collaborating with Microsoft to integrate Ethereum’s programming language, Solidity, into the software giant’s Visual Studio. The integration is intended to facilitate the development of new smart contract applications that can be used on the Ethereum blockchain.

This latest Microsoft support is part of an ongoing collaboration with ConsenSys that is designed to bring new capabilities to developers interested in creating tools for the blockchain. The integration should help to spur new innovation, as developers now have access to Ethereum’s blockchain with Microsoft Azure, and support for development through Visual Studio.

Digital Currency Initiative Bitcoin Developer Fund Receives 900k in Funding

An announcement from MIT Media Labs recently revealed that its Digital Currency Initiative Bitcoin Developer Fund has received a total of $900,000 of funding. That money will provide resources that will allow the Initiative’s core developers to continue their work in a variety of technical areas, including block size scaling. That developer team currently includes Gavin Andresen, Wladimir van der Laan, and Cory Fields.

The announcement noted that “donors include companies (BitFury, Bitmain, Chain, Circle and Nasdaq) and individuals (Jim Breyer, Jim Pallotta, Jeff Tarrant, Reid Hoffman and Fred Wilson).”

The Bitcoin Developer Fund was created to cover the costs associated with providing support for Bitcoin protocol development, and is used for salaries, travel, and event hosting. In its announcement, MIT Media Lab noted that the unrestricted gifts to the Fund would be directed solely toward the development of Bitcoin protocol.

Caribbean Digital Currency Effort Receives $4 Million in Overstock Investment recently revealed that it has provided $4 million in investment funding to a FinTech company involved in a Caribbean digital currency initiative. Bitt, a company based in Barbados, is responsible for the digital Barbadian dollar that was released in February of this year, and has announced its intent to help digitize every Caribbean currency in the near future.

Overstock noted that Bitt’s vision of a blockchain-traded, central bank-issued cryptocurrency economy throughout the Caribbean could provide the type of modern solutions many of the area’s financial systems currently lack. The potential for creating greater economic engagement among the area’s unbanked population was apparently also an important motivating factor in the decision to invest.

Coinify to Join with iPayDNA to Expand Asian Merchant Access to Cryptocurrencies

Coinify recently revealed that it is partnering with iPayDNA to bring a total of 17 digital currencies to merchants and consumers in the Asian marketplace. The joint effort by Danish cryptocurrency payment service Coinify and Hong Kong payment processor iPayDNA is designed to help ensure that customers in the region have access to the alternative payment solution options they need.

For iPayDNA, the partnership presents an opportunity to expand the payment service options it makes available to its customers throughout the region. For Coinify, the union provides access to iPayDNA’s strong network of Asian banking and credit card interests, as well as its greater familiarity with the Asian market.

Coinfest is Coming… and It’s Coming Soon!

With April here already, it is worth nothing that we are now less than a week away from the opening day of Coinfest UK. That event, first held in 2013, will take place this year on April 8th and 9th. CoinFest UK will be hosted by CryptoGates Group at MadLab in Manchester. For more information or to book your tickets to the gathering, visit the event site.

Author: Ken Chase

Freelance writer whose interests include topics ranging from technology and finance to politics, fitness, and all things canine. Aspiring polymath, semi-professional skeptic, and passionate advocate for the judicious use of the Oxford comma.

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