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.
The first time we heard about Dogecoin we thought: “ Just another alt coin?” However it became rapidly clear that that was not the case. Where other alt coins would try some pump and dump schemes ( not all of them but a lot), Dogecoin took a brand and made it their own.
When members of the digital currency community see a coin with the famous dog on it everyone knows its Dogecoin. Now how does Doge succeed in comparison with other alt coins that had “more potential and promised a lot more” on paper?
We have been getting panicky emails in our mailbox by concerned readers about the latest developments of the Bitcoin price. Articles, even from reputable newspapers, are headliend by titles such as “Bitcoin is a Ponzi”. In nearly every article out there about “Bitcoin is a Ponzi scheme”, the term Ponzi isn’t explained.
When most of us hear about Ponzi schemes we think of some slick, smartly dressed mobster – including a hat – who dazzles unsuspecting victims with a smart sales pitch. He or she gets their victims to invest in so called “risk free” investments with huge returns.
The nosedive that the Bitcoin price made in the beginning of 2015 hasn’t gone unnoticed. Mainstream media outlets are dusting off their terms of last year like “scam” and “ponzi scheme” without actually providing objective facts and data to back up their claims. So let us see what a retired senior manager of Exxon has to say about the whole Bitcoin evolution.
Serge: Thanks Mr. Joris to sit down with us and doing this short interview. What are your perceptions of the media and Bitcoin in general?
In a few days from now, the Bitcoin expo 2015 will begin. This conference will be held in London and is organised by Crypto Events. We at CryptoArticles are looking forward to our first congress of 2015. It will be fun to hear what everyone is up to and how they are getting along with their companies now that the Bitcoin price is fluctuating so much.
I recently found out that Havel Hightec ag is looking for investors and some extra funds. They are currently giving people from the digital currency community the chance to buy some bonds. These bonds have an annual interest rate of 6.82%, and will be available for purchase on the Bitcoinbourse exchange platform ( see link below).
Here is the list of the available shares:
1,000,000 shares total (One Million)
300,000 (Three Hundred Thousand) shares distributed among Investors
700,000 (Seven Hundred Thousand) shares owned by Havel Hitech ag
Dividend per Share : 0.0001%
In our search through the Angel list we came across the start-up called Otonomos. Now what does this start-up really do? Otomonos is going to be a gateway to help our clients form, fund and govern an entirely new type of company, using the blockchain. This will allow us to issue its shares on the decentralized blockchain, which funds itself in Bitcoin from the crowd, governs itself through decentralized consensus, and does its accounting and banking in digital currency.
We talked a little bit with Han, investor and CEO, and asked him some questions. It is very interesting and the concept does look very good but a question that people undoubtedly will ask is about the ex-Goldman Sachs connection?
Yesterday I received a pleasant surprise in the mail; it was my Bitcoin bowl Bitcoin coin. This physical Bitcoin is a must have for every Bitcoin enthusiast and was available to order before and during the St. Petersburg Bitcoin bowl last December. This physical coin makes a great addition to our small but growing “touchable digital currencies” collection.
When collecting coins, the condition is really important since it is one of several determining factors that will contribute to the value of the coin. The people that created the physical coin, casascius, did a real good job in protecting the coin. That way nothing can really damage the coin.
Everybody has heard about ZiftrCOIN by now. If you forgot about Ziftr, let us refresh your memory. ZiftrCOIN is the first digital currency developed for online shoppers. This revolutionizes e-commerce by putting cryptocurrency into the hands of consumers and enabling them to conduct simple, secure transactions at their favorite online retailers. ZiftrCOIN today announced that it is accepting US dollars in the form of personal checks for its tokens for the remainder of the ZiftrCOIN presale, which runs until Jan. 23, or till the coins run out. The amount of purchased ZiftrCOINs is approaching three-quarters of a million dollars US. Now Ziftr is accepting personal checks of $250 minimum that can now be processed for the fast-moving sale, that will be ending on Jan. 23.
People are comparing Bitcoin and innovations connected with Bitcoin to the emergence of the internet. That is certainly the case for most inventions, but the comparison with the US military technology advancement is maybe even more apt, at least in some cases. The US military technology status is about 35-75 years ahead from what we currently have on the consumer level. We see the rate of new ideas and technology that are being developed in the Bitcoin community continuously increasing at staggering speed.
During my daily browsing on the internet for snippets of news, I came across a site named Slur. The site boasts of being the self-proclaimed “marketplace to be for secrets”. After closer inspection, and reading what is being written on the site, I do have some serious questions and obvious problems with the Slur website.
Let us take a closer look at what is being said. “Slur is an open source, decentralized and anonymous marketplace for the selling of secret information in exchange for Bitcoin. Slur is written in C and operates over the Tor network with Bitcoin transactions through Libbitcoin”.