In today’s Bitcoin ecosystem, users too often have to choose between usability or autonomy. Coyno aims to change that. By sitting on a “watch-only” layer on top of user’s bitcoins. “Coyno is like a cryptocurrency Mint.com; it will make Bitcoin more user-friendly, secure, and legally compliant while letting users stay in full control of their funds” Levin Keller, CEO of Coyno said to Digital Money Times. The Berlin-based startup Coyno opens up their watch-only Bitcoin bookkeeper. This is the first step on a journey towards a tool that makes good on Bitcoin’s promise of letting you “be your own bank”. besides being the CEO of Coyno, Mr. Keller is also a member of the Bundesverband Bitcoin (the Bitcoin Foundation’s German affiliate) where he is a vocal advocate of Bitcoin in Germany.
Buying Bitcoin in Germany has become a bit of a hassle, ever since Localbitcoins stopped operating in the country, and certain German banks start reversing Bitcoin-related bank transfers. But there might be a light at the end of this dark tunnel, as FIDOR Bank and Bitcoin.de have announced the launch of their Bitcoin Express trading system.
Connecting The Bitcoin Marketplace To Traditional Banking
Bitcoin and traditional banks will not become the best of friends any time soon, but that might not be as much of an issue anymore in the near future. FIDOR Bank, a German bank well-known for their openness towards Bitcoin business and enthusiasts, is teaming up with Germany’s largest Bitcoin marketplace Bitcoin.de to create a direct connection between Bitcoin and traditional banking.
In our numerous previous articles going back to January 2014, we reported that gold coins and Bitcoins were pretty safe way to have a long term investment. With long term investment we mean investments that last longer than 1 year.
In a chance meeting chat with Oswald Grübel, Ex-CEO of UBS and Credit Suisse, he told us that Gold coins and Bitcoins were the only safest way to get good returns on your investment in the long run. “…the current states of the central banks are not as safe as they portray. This unstable situation is created by very risky practices of certain banks. This stems from the belief that the governments will rescue the banks when the banks are in trouble again.
We have written numerous articles warning people not to buy gold bars and gold coins from the internet. We expanded that also to the crypto community and gave given you all some pointers to what you need to pay attention if you do want to buy gold/silver coins as an investment.
A good friend of ours – Jason De G. – bought some gold “bars” that were authenticated and from reputable sources. He bought about 5 of these “bars”, all paid with Bitcoin. He bought them at an auction site and though he didn’t buy from someone who hadn’t bought or sold anything, he thought it would be Ok since the necessary documents and identifiers were present.
I (Serge) recently had the honor and privilege to interview Radoslav Albrecht, Founder of Bitbond; during which I asked his opinion on Bitcoin, digital currency and the Bitbond project. Mr. Albrecht gave us some interesting insights into his personality, his thoughts and how he views the world of economics we live in right now.
Serge: Can you tell us a bit about yourself? When did you get interested in Bitcoin?
Some Cryptocurrency forums blew up yesterday and today about the new European “VAT regulations”The reason of this mass hysteria was induced by some news agencies that are implementing the same tactics the corporate media are using. Creating a panic is much easier than using unbiased reference material and writing a high quality and informative article.
If an article refers to a load of consultancy agencies and so called/ self proclaimed experts and not to source material, in this case to the actual European Union, it is extremely badly piece of journalism. It is quite obvious when an article focuses in on European VAT rulings or legislation that you refer to the European website.
We have been asked a lot of questions by non crypto users about Bitcoin and what you can do with it. Some people we spoke to referred to it as “useless fictitious monopoly money”. When we asked how some of these people came to that conclusion or where they got the evidence to back up their claims they are usually silent.
In the rare occasions where we did get a response it is usually along the lines of citing biased sources, like bank officials ( yes trusting a bank is the really smart) or other self proclaimed “experts” in the financial sector ( who fail to grasp the elementary workings of Bitcoin).
The news about Bitcoin has been bleak these days. The words like “scam” and “Ponzi scheme” are thrown in the mix without giving real evidence that is based on objective facts or data. So let us take a look at the companies that are Bitcoin-related. The first company that we are going to look at is BitAccess.
Who or what is BitAccess? BitAccess inc is located in Ottawa, Canada. This Canadian company was founded in November 2013. The main focus of the company is making Bitcoin easily accessible for everyone. They accomplish this by using their Bitcoin Automatic Teller Machines, which are operational in 26 different countries already.
During our attendance at the Bitcoin Expo 2015 in London last week, we met a whole lot of interesting people and startups. Some of them were based in the digital realm but others were presenting physical items. One of these companies was Vaiex, which is a name that will probably be unfamiliar to most Bitcoin enthusiasts out there.
In a couple of weeks the Finovate Europe 2015 conference will be held in London. This February conference, held in the UK’s capital, is the place to be if you are interested in banking and technological innovations. The purpose of this great conference is multi fold. The first aspect is to introduce new innovative ways to the financial sector. The obvious networking and exchange of ideas are a couple of others but the showcase is one of the most important aspects of this conference.