Bitcoin

Kipochi launches first Bitcoin wallet in Africa with M-Pesa integration

"This enables Kenyans to receive money transfers from the diaspora in an easier, faster and cheaper way, compared to using banks and money transferring services such as Western Union and MoneyGram. Kipochi is a light weight easy to use BitCoin Wallet that allows users to receive and send BitCoin all over the world. Even for people using simple low cost feature phones. M-Pesa currently accounts for 31% of Kenya’s GDP. M-Pesa, the leading mobile payment system in Kenya and in the world, more than 70% of Kenya’s adult population uses Mpesa for small transfers, such as cash between family/friends, paying domestic help, utility bills etc." Continue reading →

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In London, the next wave of Bitcoin growth will be led by startups and innovation

"At Bitcoin London this week, it was clear that it would be the next wave of innovative startups that might be able to eventually move Bitcoin from an experimental currency into a more mainstream financial force in London. The event highlighted some of the bigger Bitcoin startups, which have launched exchanges or apps, as well as newer players, like a Bitcoin conversion machine maker, which is looking to install its first box in the Fall. Britons in general seem more keen on Bitcoin and, for those that have heard of the cyber currency, 40 percent of them trust Bitcoin as much as British sterling, according to a recent survey. That’s compared to 16 percent in the U.S." Continue reading →

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Bitcoin ATM launched

"A bitcoin ATM was revealed at a London conference today, allowing users to convert bank notes into the digital currency. To use the ATM, you need to have an existing Bitcoin wallet number. First, it scans a QR code of your Bitcoin address. Then, the user has to feed bank notes into the machine, which are converted at the current exchange rate and deposited into their account. While the deposit takes moments, it can take several minutes for an account to be updated. Bitcoin can be purchased via online exchange sites, but the ATM means you don't need to use a credit or bank card, helping to keep the transactions anonymous, the company said." Continue reading →

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Why I Joined Shield Mutual

"Shield Mutual is the first implementation of a modern voluntaryist defense agency. The defense agency is owned and operated by well-known libertarian activist George Donnelly, whose mission is to be your greatest advocate should you be abducted by state, or non-state, affiliated criminals. What Shield Mutual will do is come to your aid in any way it can, such as organizing call floods to the police department responsible, contacting media outlets, fund-raising, hiring a lawyer if desired, posting bail if desired, contacting family, friends, and/or colleagues to inform them of the situation. I purchased a year’s membership for only $50 (paid in Bitcoin)." Continue reading →

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The Politics Of Bitcoin Mixing Services

"The emergence of services that mingle bitcoin for the purpose of returning bitcoin not associated with the original input address has had a somewhat spotty history. Also called bitcoin laundries, these web-based services charge bitcoin holders a nominal fee to receive different bitcoins than the ones initially transferred. The largest such service operating today is the Blockchain.info mixing service which has a maximum transaction size of 250 bitcoins and a 0.5% transaction fee. Other services include BitLaundry and The Bitcoin Laundry operated by Mike Gogulski." Continue reading →

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Regulation Means The Bitcoin Gold Rush Will Not Happen In The US, Say Experts

"Europe is better positioned as a better place to create Bitcoin-based startups than the US. That was the message coming out of Bitcoin London today, the first major conference in London to cover startups, investors and business models. Covering the broad sweep of Bitcoin businesses, technologists and institutions, the conference heard that the US may have made a fatal strategic mistake in classifying Bitcoin as if it were money. Bitcoin is being treated in many different ways: as money, as an asset class, as the first highly secure P2P global information exchange, as a technology platform and even as a if it were a startup entity in its own right." Continue reading →

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CoinLab: new brands will be built around Bitcoin technology

"One thing humans don't know how to do is shut down peer to peer networks. We don't have the technology. Generally it's the case governments are understanding, but if you start crushing all the good [Bitcoin businesses] you'll push this underground. I see a world in which governments can set the price.You could stop good exchanges, but it would be hard to stop secret ones. It's so fast and so easy to use, the right thing to do is to build a good ecosystem. There may be a country that doesn't want to deal with it, but citizens will keep using it." Continue reading →

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Chinese investors go crazy for Bitcoin

"A BTC craze is sweeping China, as hundreds start to invest and trade large amounts of the virtual currency Bitcoin. The craze has given birth to a huge industrial chain, covering trading, mining, chip production and mining-machine assembly. Bitcoin transactions are secured by servers called bitcoin miners but based on the huge surge in demand for the currency, Bitcoin mining machines are in short supply. According to Tencent, there are two Chinese mining teams capable of processing large amounts of Bitcoin transactions. Figures show that China now boasts the most number of BTC nodes, which help control the computing power of the Bitcoin netweek, at 85,220." Continue reading →

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Bitcoinlandia: Where Mythical Investment Grand Slams Are Reality

"For an investor or speculator a 100x return is oftentimes the stuff of legends. Sure, you can get lucky once and maybe even twice. But with the arrival of Bitcoin four years ago a new category of currency was created. And like Babe Ruth ‘calling the shot’ I am finding these investment grand slams are getting more common. The rate at which capital is being created, generated and transferred is astounding. While some people, like Chris Duane, whine about it the wise are knocking in runs to tally points on the scoreboard. So, roll the Q1 and Q2 2013 replays!" Continue reading →

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