Interesting things are happening all over the digital currency ecosystem. Bitcoin remains the most prominent cryptocurrency, and the underlying blockchain technology is of great interest to all types of companies around the world. But one issue that still needs to be addressed is how people can use Bitcoin to pay for goods and services, and preferably, using altcoins to achieve that same goal. Forkpay.net might be the answer to this problem.
Various companies in the Bitcoin ecosystem are looking to raise additional funding to increase their day-to-day operations. Payment processors are invaluable to the digital currency ecosystem, as they allow payment for a user to the merchant. Also, the merchant can then convert the payment to fiat currency if needed. CoinPayments is the latest cryptocurrency payment processor to run a campaign on BnkToTheFuture.
Also read: Aten Coin Conference 2015 Recap
Virtual currencies are often associated with all kinds of negative terms, including scams, hacks and pump-and-dump schemes. Especially the latter category is far more common in the world of virtual currencies than one might assume, as most of the “altcoins” are created by a group of developers looking to make a quick buck. In all fairness, with over 4,000 virtual currencies in existence already, there is no need to create more.
Educational efforts are badly needed if Bitcoin wants to become a mainstream form of payment. Most people have never heard of Bitcoin, or only in a negative context. The virtual currency is often associated with illegal activities, such as, hacking, and black market deals. Now, Stanford University is looking to change the public perception, by offering a cryptocurrencies course in September.
Bitcoin & Friends – A Stanford University Course
Even though the name of the course sounds like a new kids cartoon show on Nickelodeon, Stanford University has big plans for educating people on Bitcoin and other virtual currencies. The protection of digital assets is a matter near and dear to a lot of people, so it only makes sense to educate them properly on how Bitcoin and blockchain technology can help in that regard.
Bitcoin cloud mining has been in a state of flux over the past six months. For the most part, this situation stems forth from the Bitcoin price that is far below the target to make cloud mining even remotely profitable. That being said, several cloud mining operators decided to remain in business, in the hopes of seeing a price increase in the near future. And for some companies altcoins seemed to be the Holy Grail of cloud mining for now.
Even though digital currency and gambling seem to be a perfect match for each other, government officials are very wary of this relationship. Case in point is the police raid on a Southern California business last month, allegedly involved with gambling and an unknown digital currency. Care to find out more?
Shamrock Social Games & Mining
The business in question is called Shamrock Social Games & Mining, located in Bakersfield, California, and now a rather famous name in the state due to their offices being raided by police last month. Even though the business is known to be housing various arcade gaming opportunities, police officials had reason to believe gambling activity was going on at the location.
In the previous guide on how to earn Bitcoin, we touched upon the subject of trading digital currency for profits. Even though this is a very risky strategy, Bitcoin is not the only cryptocurrency you can trade on a daily basis in order to increase your BTC stash. Trading altcoins is a good way to make lots of money in a short timespan, but it’s also far riskier compared to Bitcoin trading.
A few weeks ago, we published a small article about NuBits, which you can find here. At the end of that article, we mentioned there would be a more in-depth look following by the end of the week.Due to unforeseen circumstances, that article was delayed by several months. Today is the day on which we will look at the NuBits whitepaper, process map and FAQ.
Nubits : Introduction
Things have been rather tumultuous for Cointellect over the past few weeks, as many customers have voiced their negative feelings towards the company. When we wrote our article yesterday about the contract payouts being changed all of a sudden, the mood turned even more sour than it already was. However, Cointellect made another announcement today that could offer a glimpse of hope to their customer base.
Cancelled & Frozen Cointellect Contracts
As mentioned yesterday, Cointellect’s contract structure would undergo some drastic changes, both in regards to payouts and availability. Older lower tier contracts have been effectively cancelled as of now, simple for the reason of them being obsolete and unprofitable due to the rising mining difficulty and falling Bitcoin price.
Bitcoin ATM’s have proven their worth ever since the inception and installation of the first device of its kind. In fact, over the past year and a half, more and more manufacturers are throwing their hat in the ring in order to become a major player in the Bitcoin ATM space. Jiri Havlin of eDollar International is looking to get his Bitcoin ATM network funded with a more traditional crowdfunding campaign hosted by IndieGogo.
An ATM Network Supporting Bitcoin, DOLLAR and Local E-Currencies