Bitcoin Birthday- Today marks Ten years (Halloween 2008) when Satoshi Nakamoto published the famous white paper that gave birth to Bitcoin. On this day in 2008, the future of the financial system based on digital currency was drafted. Satoshi proposed a decentralized system and titled his white paper; “Bitcoin: A Peer-to-Peer Electronic Cash System”. In his paper, Satoshi remarked: I propose a purely Peer-to-Peer version of the electronic cash system which would allow online payments to…
Ethereum Hotel: There is a newly launched hotel in China named the ‘Ethereum Hotel’. The hotel is located at the National Scenic Area of China’s Sichuan province (Western China) and is the first hotel in the country to publicly accept cryptocurrency payments. As an incentive to crypto users and customers, the hotel offers discounts on payments for services made with cryptocurrency (Ethereum). On their first visit, customers are welcomed by the sight of a big…
China- The Chinese government and the People’s Bank of China has over the course of the past months maintained stiff regulations on Bitcoin and cryptocurrency related products; especially ICO’s. However in a much predicted turn of events as characteristic of the Asian big wig; the country’s high court (The Court of International Arbitration) has ruled in favour of Bitcoin and cryptocurrencies. This verdict by the Chinese court, was necessitated by a case brought to its attention,…
Visa, popular payment processor and credit card service company has through its CEO expressed its openness to support cryptocurrencies in due time. The CEO who made his stance known on CNBC’s Mad Money show; has his company look to follow the lead of fellow financial service provider MasterCard, but only when the crypto market size grows. According to the company’s CEO Al Kelly, the Visa brand will implement cypto-friendly systems in the future if the global…
Sony, the Japanese technology giant has announced its creation of a multi-application contactless cryptocurrency hardware wallet. According to developers at Sony Computer Science Labs (SCSL), the device will utilize IC smart card technology to communicate with Bitcoin (BTC) or other cryptocurrency networks. A basic plus to the Sony wallet is its ‘contactless’ feature. By this feature, Sony discarded the common crypto hardware USB to host device feature and launched a totally independent hardware wallet which…
HTC, popular Taiwan-based mobile phone brand and pioneer developers of virtual head gears for video games; has made public its plan to launch a Blockchain-powered phone. The new smartphone is quoted by many as part of the company’s plans to ride on the cryptocurrency hype and regain relevance after selling most of its stake to Google last year. The blockchain powered smartphone named HTC Exodus 1 is available for pre-order and will ship to customers…
Mansion for sale – Roy Niederhoffer, New York resident and President of New York hedge fund R.G Niederhoffer Capital Management Inc is placing his 10,720 square foot mansion for sale. The six floors mansion located at 40 Riverside Drive in Manhattan was bought by Mr. Roy in 2013, for about $12.9 million. Five years after its renovation, he has reluctantly put up the mansion for sale at $16 million; with payment to be accepted in…
Bill and Melinda Gates Foundation is teaming up with Ripple Labs Inc. (Developers of XRP coin) and California-based blockchain firm Coil to launch a project aimed at enhancing financial access for unbanked and underprivileged communities. The partnership as announced by Deputy Director of the Gates foundation, Miller Abel who explained that the foundation carries out lots of charity work in developing countries but constantly faced inefficiency problems due to poor financial infrastructure in these communities. According…
Cannabis- Canada-based crypto and blockchain company, DMG Blockchain Solutions Inc. has made public its development of a global supply-chain management platform based on blockchain technology for the now legal cannabis industry. This proposed launch comes on the heels of the official legalization of recreational marijuana and weed related products on 17th October 2018 by the Canadian Government. Cannabis/Marijuana had before now, been only permissible for medicinal uses within the country. Canada has by this feat become…
Microsoft, one of the world’s top tech and IT companies looks set to introduce new innovations hinged on Blockchain Technology. The proposed concepts are built on the foundation of Decentralized Identifiers (DID) through the World Wide Web. Decentralized identifiers help protect customer’s digital assets by granting them independence of operation and express ownership of their accounts devoid of company or government interference. DIDs aim at greater privacy and security for users. Unlike the current systems,…