Coinjournal

BitFury Group Strikes US$30M Deal with Credit China Fintech

Diana Ngo — Thu, 26 Jan 2017 04:41:40 +0000

The BitFury Group has entered into a US$30 million deal with Hong Kong’s Credit China Fintech and its subsidiaries. The deal includes an investment in the bitcoin startup as well as the establishment of a joint venture focusing on the Chinese market split 80:20 between the group and BitFury. The collaboration with BitFury will assist […]

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Bitcoin Has Many Fans at Amazon According to Purse CEO Andrew Lee

Kyle Torpey — Tue, 24 Jan 2017 12:03:16 +0000

Purse is a platform that allows users to get a discount on their Amazon purchases by matching bitcoin holders with those who have a balance on the ecommerce platform. In a recent interview with Bitcoin Uncensored’s Chris DeRose, Purse CEO Andrew Lee discussed Purse’s relationship with Amazon. Specifically, Lee talked about whether Amazon could or […]

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Matchpool Bids on Blockchain to Disrupt Multi-Billion Dollar Online Dating Market

Diana Ngo — Tue, 24 Jan 2017 07:29:27 +0000

Matchpool has announced plans to launch a new service that leverages blockchain technology to disrupt the multi-billion dollar online dating industry. A mix between Tinder and Meetup, Matchpool will allow individuals to create “pools” based on particular interests. These pools aim to facilitate connections among friends and niche communities and will come a number of […]

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Bitcoin is Closing in On Its Transaction Capacity Limit, For Real This Time

Kyle Torpey — Fri, 20 Jan 2017 12:30:38 +0000

Some individuals in the Bitcoin community have been worried about the prospect of full blocks for quite some time now. In perhaps the most notable example of this fear of full blocks, former Bitcoin developer Mike Hearn quit working on the P2P digital cash system entirely after his preferred solution to the perceived issue of […]

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Accenture: Blockchain to Reduce Banks’ Infrastructure Costs by 30%

Diana Ngo — Wed, 18 Jan 2017 09:32:48 +0000

Blockchain technology can help investment banks cut costs and deliver savings of more than 30% across the middle and back office, translating to an economy of US$8 billion to US$12 billion annually, according to a joint analysis by Accenture and operations-benchmarking leader McLagan. This is one of the findings of the report “Banking on Blockchain: […]

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Bitcoin is Eating the Entire Online Gambling Industry

Kyle Torpey — Tue, 17 Jan 2017 13:18:14 +0000

Although not many people seemed to notice, Bitcoin was heavily integrated into various aspects of the online gambling industry in 2016. While there have always been bitcoin-specific gambling websites available, 2016 was the year when the traditional online gambling industry stated to adopt the digital cash system en masse. Many online gambling juggernauts, such as […]

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The Founder of India-Based Bitcoin Mining Pool GBMiners is Running a Ponzi Scheme

Kyle Torpey — Fri, 13 Jan 2017 14:01:38 +0000

Update: This post has been updated with a response from Amit Bhardwaj GBMiners has made headlines in various media outlets lately due to the bitcoin mining pool accounting for roughly 3 percent of the network hashrate and supporting Bitcoin Unlimited; however, there is a connection between GBMiners and Gainbitcoin, which is a cloud mining operation that […]

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Singapore’s Status Wants to Bring Ethereum to Every Mobile Device

Diana Ngo — Fri, 13 Jan 2017 10:12:51 +0000

Aimed at bringing Ethereum to mobile devices, Singapore-based Status Holdings Pte. Ltd. has released the alpha version of its client for Android and iOS devices, which combines functionalities of a chat app and a browser for decentralized applications (DApps). An open source project, Status utilizes messaging as a platform, upon which Ethereum decentralized applications developers […]

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Report Estimates There are More Than 10 Million Bitcoin Holders Worldwide

Kyle Torpey — Wed, 11 Jan 2017 10:09:05 +0000

A joint report from ARK Invest and Coinbase estimates that more than 10 million people around the world hold a material amount of bitcoin. The estimate is based on Coinbase user activity when applied to the overall Bitcoin community. In addition to the estimate on bitcoin holders, the report, which was co-authored by Coinbase Vice […]

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Bitstamp to Offer XRP Trading; Ripple Strikes Partnership with Axis Bank

Diana Ngo — Wed, 11 Jan 2017 06:38:34 +0000

Ripple is beginning the year 2017 with exciting news: the launch of XRP trading on Bitstamp, and a partnership with India’s Axis Bank for blockchain-powered cross-border remittances. XRP trading will be available on Bitstamp from January 17, 2017, with two new trading pairs to be added to the exchange’s roster: XRP/USD and XRP/EUR. Bitstamp said […]

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