#finance

April 3, 2017 by Alex Lielacher at Bitcoin, Commentary, News

Following bitcoin's birth in 2009 as a decentralized peer-to-peer payment network with fast transaction speeds and low transaction fees, one of its most predicted future application uses was for international remittance purposes. Many experts envisioned that bitcoin would be a driving force in reducing the costs of international money transfers...

Japan Officially Recognizes Bitcoin as Legal Payment Method

April 1, 2017 by Joseph Young at Altcoins, Bitcoin, News, Regulation

The bitcoin legalization bill is taken into full effect as of April 1, with Japan officially recognizing bitcoin as a legal payment method. On December 17, local publications including the Japan Times revealed that the country’s Financial System Council proposed a bill which called for the recognition of bitcoin as...

ShapeShift Raises $10.4 Million For New 2017 Products

April 1, 2017 by Evan Sixtin at Altcoins, Bitcoin, Business, Finance, News

Switzerland-based ShapeShift AG, owner of ShapeShift.io (instant digital asset exchange) and Coincap.io (real-time digital asset data), has raised $10.4 million in Series A funding for future expansion. Specifically mentioned were two new "mysterious" exchange-related products which will be coming out before the end of 2017. ShapeShift exchange does not deal...

BitPesa Partners with Bitbond to Offer Alternative Financing to African SMEs

March 31, 2017 by Alex Lielacher at Bitcoin, Business, Finance, News

On March 28, Pan-African B2B remittance platform BitPesa and global peer-to-peer bitcoin lending platform BitBond announced a partnership with the aim to improve access to funding for small and medium-sized enterprises in Africa. BitPesa provides a digital platform that uses bitcoin and blockchain technology to facilitate cross-border B2B FX payments...

Cryptocurrency Dash Exhibits Real-World Application Through Venezuela Adoption

Dash Sprints To New Heights of Global Reach

March 30, 2017 by Michael Scott at Altcoins, Business, Finance, News

The cryptocurrency Dash is an open-source project that is rapidly gaining worldwide attention for delivering safe, decentralized financial solutions. Similar to digital cash, it can be spent easily and instantly online and at merchants and service providers worldwide. Now in a move signaling its growing global presence, Dash recently announced...

REIDAO Offers Blockchain-based Real Estate Investing Using Digix Tokens

March 30, 2017 by Alex Lielacher at Altcoins, Blockchain, Ethereum, Finance

The Singapore-based blockchain startup REIDAO announced their intention to create digital assets tied to real estate by leveraging DigixGlobal’s gold-backed DGX tokens. REIDAO aims to digitize real estate ownership by giving investors the opportunity to purchase digital tokens that represent a share in a real estate investment. The digitization of...

Polish Startup Billon Completes Distributed Ledger Payments in the UK

March 29, 2017 by Alex Lielacher at Blockchain, Business, Finance, News

E-money transfer startup Billon has successfully completed a trial of a corporate payment system in cooperation with consumer research firm Conduct Research in the UK, announced March 27. The trial run involved Conduct Research using Billon’s e-payments technology to transfer funds via mobile phones to 100 participants who were able...

Blockchain Startup To Service The Unbanked In Papua New Guinea

March 28, 2017 by Alex Lielacher at Bitcoin, Blockchain, Finance, News

25-year-old Papua New Guinean entrepreneur Shane Ninai has partnered with American venture capitalist Tim Draper to create the blockchain startup Day One Investments, which aims to foster financial inclusion in Papua New Guinea where it is estimated only 20 percent of the population has bank accounts, and alternative currencies such...

Bank of England FinTech Accelerator to Work with AI and Ripple

March 24, 2017 by Nuno Menezes at Altcoins, Finance, News, Tech

The Bank of England (BoE) recently posted a press release announcing that its FinTech Accelerator launched a new community which brings together FinTech-related organizations. On March 17 the BoE posted on its official website a press release where it states its Fintech Accelerator was launching a new community to share...

Crypto and the IRS: Why It Doesn’t Have To Be So Taxing

March 23, 2017 by Michael Scott at Altcoins, Bitcoin, Finance, News, Regulation

With cryptocurrency prices and trading volumes soaring, more and more Americans lament having to figure out how to report their earnings to the taxman. Inaccurate reporting on a tax return could land one in hot water and create lots of hassles. With the Coinbase/IRS saga continue to garner a lot...

Irish Funds Collaborates with Deloitte To Complete Proof of Concept for ‘RegTech’ Blockchain

March 15, 2017 by Alex Lielacher at Blockchain, News, Regulation, Tech

Fund management association Irish Funds announced that, together with financial services consultancy firm Deloitte and several global asset servicing institutions including Deutsche Bank, Metzler, State Street, and Northern Trust, it had completed a proof of concept for a regulatory reporting blockchain called ‘RegChain.’ The proof of concept was built using...

‘ChinaCoin’ Tested with Experiment by Chinese Banks

March 15, 2017 by Nigel Dollentas at Blockchain, News, Regulation

After news of the People’s Bank of China (PBoC) developing their digital currency broke, and after news of tighter regulation around bitcoin, two cities are now testing the PBoC’s Bitcoin alternative, announced March 7. Known as 'ChinaCoin' colloquially, but referred to as Renminbi officially, RMB was designed to allow the...

Smaller Blockchain Consortia are Paving the Way for Adoption in Financial Services

March 15, 2017 by Alex Lielacher at Blockchain, Business

There is a lot of buzz surrounding blockchain implementation in the financial services industry due to the technology’s ability to reduce operational inefficiencies, streamline processes and safely store and transfer data. Several blockchain consortia have been formed in the last year to speed up the adoption of this new technology...

Jury Weighs Charges Against Software Engineer and Pastor in Coin.mx Trial

March 13, 2017 by Alex Lielacher at Bitcoin, Business, News, Regulation

On March 10, the jury in a Manhattan federal court prepared to weigh charges against two individuals, a software engineer and a pastor, who were allegedly involved in a scheme to help the illegally operating digital currency exchange Coin.mx. The Coin.mx Trials Florida-based software engineer Yuri Lebedev and New Jersey...

COIN ETF Denied, But BTC-USD Still Above $1000

March 10, 2017 by Evan Sixtin at Bitcoin, Commentary, Finance, News

The United States Securities and Exchange Commission (SEC) has denied an almost four-year old proposal for the first-ever bitcoin ETF. The whole bitcoin and cryptocurrency world sat on the edge of it's seat on March 10 waiting for the U.S. Securities and Exchange to make a decision on the Winklevoss...

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