OpenBazzar Celebrates 100,000 Downloads of Bitcoin-Powered Social Marketplace

The distributed ecommerce platform OpenBazaar (OB) soft-launched in April and has received $1 million in venture funding from Andreessen Horowitz and Union Square Ventures. While the team admits “limitations” in the project’s current state ‒ for instance, a store must run the OB client in order to appear online ‒ buyers and sellers are now ...

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Bitcoin Reaches a Crossroads With the Scaling Debate, Not a Crisis

Judging from various reports in the media over the past year, Bitcoin is in a serious crisis that threatens its very existence. Longtime Bitcoin developer Mike Hearn even left the ecosystem entirely and claimed the project is now a failed experiment. Of course, Bitcoin has been proclaimed dead roughly 100 other times. Scalability is the main concern in Bitcoin right ...

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Dark Web Conference Coming to New York May 12

Alan Meckler, the man behind the 1990s’ Internet World and Inside Bitcoins over the past few years, is launching a new conference in collaboration with TMC: Inside Dark Web. The new dark web conference will take place at the Museum of Jewish Heritage in New York City on May 12th, 2016.  Internet World, as a part of MecklerMedia, was the ...

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Banca IMI Researcher: Blockchain Won’t Work if Banks Don’t Change

A new paper on blockchain technology has been released by the head of interest rate and credit models at Banca IMI, an investment banking and capital markets subsidiary of Intesa Sanpaolo. The paper highlights “real business cases” for the technology, arguing that financial services need to be reformed and not simply improved. There has been some misunderstanding at the root of ...

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Delaware Blockchain Initiative to Streamline Record-Keeping for Private Companies

Delaware, the state that incorporates most companies, is exploring the use of blockchain technology to make its paperwork cheaper and more efficient, The Wall Street Journal reports. The effort, while still in its early stages, could change some of the most basic back-office functions for private and public companies alike.  “This is something we’re very interested in,” said Delaware Gov. ...

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The Fintech Threat to Banking: A Solution From MIT

In the next 10 years, 30 percent of banking jobs could be obsolete, according to a recent Citi GPS report. This statistic from Citigroup’s report makes an assessment of the potential impact of fintech on the global banking industry. It echoes the concerns of former Barclays PLC Chief Executive, Antony Jenkins, who referred to the position of consumer banking as being “in ...

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Akasha Project Unveils Decentralized Social Media Network Based on Ethereum and IPFS

Akasha, a next-generation social media network powered by Ethereum and the InterPlanetary File System, was unveiled on May 3 ‒ World Press Freedom Day. The signups for the alpha release are open. The project is the brainchild of Mihai Alisie, cofounder ofBitcoin Magazine. The Akasha, a Sanskrit word, is the unseen medium that pervades the universe and, in Eastern religions ...

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Satoshi Saga Continues: Tulip Trust Trustee Expected to Appear by September 19, Says Joseph VaughnPerling

Craig Steven Wright, who over the past days claimed to be the inventor of Bitcoin, has been unable to publicly prove control over any of the keys that (only) Satoshi Nakamoto should posses. While his initial blog post deceptively included a Satoshi Nakamoto-signature that was always publicly available, today he announced he will not move any of “Satoshi’s bitcoins.” Yet four notable ...

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Exploring the Centralization Risks of Bitcoin’s Lightning Network

For the vast majority of Bitcoin Core contributors, the Lightning Network is viewed as the best option for scaling Bitcoin to many millions of new users. But the system has not yet been implemented on the Bitcoin blockchain, which has left many to wonder whether it is wise to put so much hope and reliance behind an untested solution. At ...

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U.K. Considering Government Applications of Blockchain Technology

U.K. Minister for the Cabinet Office Matt Hancock is persuaded that blockchain technology could transform the way government works. In a speech given at an event organized by Digital Catapult and Imperial College’s Centre for Cryptocurrency Research and Engineering (IC3RE), Hancock outlined some of the government’s current plans to leverage blockchain technology for government applications. The “policy hack day” for ...

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