North Carolina Issues Specific Money Transmitter Exemptions for Some Bitcoin Companies

The North Carolina Commissioner of Banks has released a document specifying in plain English what the virtual currency exemptions are according to its Money Transmitters Act (NC MTA): virtual currency miners; Blockchain 2.0 technologies; multi-signature software; and non-hosted, non-custodial wallets are generally not subject to the NC MTA.The clarification of its position on virtual currency comes at a time when ...

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R3 Developing Open Source Blockchain for Banks, says Head of Research

In September Bitcoin Magazine reported that nine global banks were pooling resources to fund R3, a next-generation global financial services company focused on applications of cryptographic technology and distributed ledger-based protocols within global financial markets. Several other top banks joined R3 soon thereafter, and five more banks – ING, BNP Paribas, Wells Fargo, MacQuarie and the Canadian Imperial Bank of ...

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Op-Ed Why Gold Will Become Digital in the Future to Compete with Bitcoin

I am a world-renowned fortune teller or future seer. Whenever the Dallas Cowboys lose in the NFC playoffs over the last twenty years, I predicted it. When Bitcoin caught on with mainstream companies like Dell, PayPal and Microsoft, I predicted that too. Now, it is time to turn my attention to Gold, the illustrious, legendary shiny commodity that has little ...

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Sia Launches Decentralized Blockchain-based Storage Platform Similar to Filecoin and Storj

Decentralized cloud file hosting service operator Sia has announced the launch of an automated peer-to-peer blockchain-based collaborative cloud for data storage, allowing users to create tailored storage plans with robust security protocols. Similar to decentralized storage projects Filecoin and Storj, Sia aims to create a trustless, fault-tolerant, file storage service. The Sia platform stores personal and user data across multiple ...

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The Rediscovery of Bitcoin’s Blockchain: The World’s Most Powerful Anchor

Blockchains are set to go mainstream. As opposed to bitcoin – the currency – the underlying blockchain technology is embraced by prominent companies, banks, and even governments. A brand new industry is emerging based on this technological advancement that allows multiple entities to agree on a single version of a database with no need for a trusted third party. However, ...

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GreenAddress: Increasing Bitcoin’s Block-size Limit is not Scaling; it’s Pivoting

Bitcoin wallet provider GreenAddress was always critical of raising Bitcoin’s block-size limit. As one of the first in the space in May of this year, the European multisig-wallet and software company publicly opposed Bitcoin XT and Bitcoin Core developer Gavin Andresen’s initial plans to increase the maximum block size. Now, more than six months later, GreenAddress CEO Lawrence Nahum still ...

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MultiBit's Jim Burton: Satoshi's Vision of a Peer-to-Peer Currency Needs Bigger Blocks

Jim Burton, the British lead developer of “lightweight” Bitcoin client MultiBit, favors a rapid block-size increase in order to allow for more transactions on the network, rather than focusing on layers built on top of Bitcoin. “Philosophically, we think that Satoshi’s vision of a peer-to-peer currency needs bigger blocks,” Burton told Bitcoin Magazine. We want people to be able to ...

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Bitcoin Mining Titan BitFury: No to BIP 101, Yes to Block-size Consensus

In anticipation of the Scaling Bitcoin Hong Kong workshop on the 6th and 7th of this month, BitFury has re-established its belief that the current 1 megabyte block-size limit must be changed only if agreed upon by consensus. The largest mining pool outside of China, controlling some 15 percent of hashing power on the Bitcoin network, maintains that it won’t ...

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Gavin Andresen Explains Why He Prefers BIP 101 Over BIP 100

There have been a few proposals to increase the maximum blocksize in Bitcoin over the past year, but the two plans that are garnering the most attention right now are Jeff Garzik’s BIP 100 and Gavin Andresen’s BIP 101. While Andresen has already implemented his plan in BitcoinXT, Garzik is still working on a formal write-up and the code for ...

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