Tag: bitcoin

Oxford-Dicticnary-English

Crypto Currency Definitions Make it into OxfordDictionaries.com 16 Comments

Over the past few years, the use of crypto currency such as bitcoin has rocketed. Once exclusive to gaming, this currency is now accepted by a number of retailers and the use of crypto currency is set to continue increasing over the next few years. An indication that crypto currency is becoming more mainstream is the fact that it is now being included in the online Oxford Dictionary. It has bee...


Bitcoin Backlog

30 day backlog in bitcoin transactions to occur in September as CoinWallet begin stress test 7 Comments

CoinWallet, a bitcoin mining service based in the UK, has announced that in early September it will be carrying out a stress test of the bitcoin network that could potentially create a 30 day transaction backlog and would make most of the regular software wallets completely worthless. Although no exact date has been given yet for the beginning of the stress test CoinWallet has indicated that it...


bitcoin bank

Why Banks Need to Start Accepting Digital Currency like bitcoin No Comments

Over recent years, digital currencies such as bitcoin have become increasingly popular in mainstream circles, with more and more people using cryptocurrency for a variety of transactions. However, despite this, only one bank has stepped up and accepted the rocketing growth in its use. Fidor Bank in Germany in the only mainstream bank that has been brave enough to take steps to keep up with the pop...


Wocket smart wallet

Provisional patent filed by NXT-ID for a bitcoin payment system that uses biometric authentication No Comments

The filing of a provisional patent for an electronic cryptocurrency management system was recently announced by the Connecticut-based technology company NXT-ID Inc, which specialises in biometric technologies. The company will also be looking to launch a new smart wallet having gained the public funding it required following a recent public offering. The idea behind the new system from NXT-ID i...


Bitcoins true value

Is the value of bitcoin about more than just a constantly fluctuating price? 1 Comment

It seems that these days the only time the mainstream news sites talk about bitcoin is when the prices go through the roof or through the floor, and of course when something bad happens with the digital currency. Since its creations back in 2009 the bitcoin has seen everything ranging from highs to monumental highs on to massive drops followed by the slow but steady decrease and occasional incr...


Bitcoin Keynote 2015

Small companies could be helped to go global with bitcoin according to Klarna Exec 1 Comment

  The possibility that the blockchain and bitcoin has the potential to fix a large number of the many problems that the world of payments current faces is something that Brian Billingsley, the CEO of Klarna North America strongly believes to be true. Even with an ever growing number of startup companies offering online checkout services are starting to use bitcoin as an accepted method ...


BitGo

Dynamic transactions fees when using bitcoin introduced by BitGo No Comments

In an effort to provide users with more options new dynamic transaction fees have recently been introduced by BitGo, which is a bitcoin wallet with multi-signature security. The reason behind these new dynamic fees is because of the increase in the volume of bitcoin traffic which has led it taking longer to process transactions. The pricing for the fees will be automatically adjusted based on proc...


Bitcoin G7

Support for the appropriate regulation of bitcoin announced at the G7 summit in June No Comments

Support for an appropriate regulation of virtual currencies was announced at the Group of Seven (G7) summit which was help in Germany in June with the UK present as one if the representative. Along with the UK Prime Minister, David Cameron at the G7, which was held in Bavaria back on the 7th to the 8th June 2015, were heads of state from the largest economic countries in the world including Ger...


Bitcoin study

New bitcoin study finds that bitcoin users are either tech lovers or crooks No Comments

It isn’t easy to figure out exactly what motivates people to use unregulated cryptocurrency like bitcoin or what type of person they are although a bitcoin study has recently been released that tries to elaborate on just who these people are. Based on the various article regarding bitcoin users it may come as no surprise to many that according to data from this report distinct link have been mad...


David Cameron abroad

Fintech Manifesto from Innovate Finance given thumbs up by Cameron even though he isn’t keen on use of encryption use 1 Comment

The new manifesto called Innovate Finance Manifesto:2020 has been released by the industry organisation Innovate Finance and seeks to push the UK forward as a key player in the innovation of financial technology (FinTech) both within and outside the UK. According to the manifesto “Our vision for 2020 is for the U.K. to be the most investment-friendly environment for FinTech globally, attr...


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