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Bitcoin’s Return to Innovation: Changing the World Through Peer-to-Peer Electronic Cash

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Bitcoin’s Return to Innovation: Changing the World Through Peer-to-Peer Electronic Cash

Developer Gabriel Cardona was personally recruited to fast track development of Bitcoin Cash (BCH). Open source, full featured development kit, Bitbox, his creation, has taken the community by storm, and it is now part of the Bitcoin.com developer universe. Money, Mr. Cardona likes to say, is critical to the human condition. And BCH and its blockchain are enabling financial sovereignty in a way which, he believes, is unique in history.

Also read: Report: 15,000 Twitter Crypto Scam Giveaway Bots  Read more...

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Blockchain Patents Will Shape Innovation – and That’s a Little Bit Scary

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There were 1,240 blockchain patents filed last year. That’s not normal. The number of blockchain patent applications, in fact, has grown over 600 percent since 2016. This year, retailing giant Wal-Mart secured blockchain patents for crypto household energy payments, wearable medical records, and a security system. They also filed patents for drone delivery and “autonomous ground vehicle” delivery systems.

Facebook has thrown its hat in the blockchain ring now too, with patents to handle payment authentication and processing. And they’re not the only ones. Visa and Mastercard are busy gathering blockchain patents, as well as IBM, who now holds 42, and Bank of America, leading the pack with 45 live patents.  Read more...

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A “Good Start”: U.S. Introduces Office of Innovation and Sandbox for Fintech

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A "Good Start": U.S. Introduces Office of Innovation and Sandbox for Fintech

Fintech businesses struggling to stay inbounds of government rules may soon receive a dose of much-needed guidance via the Consumer Financial Protection Bureau (CFPB). Through its newly-created Office of Innovation, agency leadership intends to develop a regulatory framework designed to open the spigot in terms of the development of new products and services for those companies involved in cryptocurrencies, blockchain technologies and microlending, and also loans by individuals. Paul Watkins, the architect of Arizona’s fintech regulatory sandbox that launches in August, was named to spearhead the federal effort.  Read more...

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Bitcoin Magazine’s Week in Review: As Markets Rise, so Does Innovation

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Week in Review

Cryptocurrency prices were on the rise this past week and we’ve done some analysis to help you make sense of the movement. Amidst this volatility, we saw Stronghold announce a partnership with IBM to launch a new stablecoin on Stellar’s network that is FDIC insured, a first in the space.

As the market matures, blockchain research and development is picking up steam in major universities, driving innovation for the future health of the industry. Speaking of education, congress got serious about understanding this week, holding two full hearings to discuss the technology and how best to understand and make use of it.  Read more...

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Bitcoin Cash Sees More Infrastructure, Applications, and Protocol Innovation

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Bitcoin Cash Sees More Infrastructure, Applications, and Protocol Innovation

Over the past few weeks, the cryptocurrency Bitcoin Cash (BCH) has seen a lot of new infrastructure support, applications, and protocol innovation. While everyone has been watching the bearish markets across the digital currency economy, in general, there’s a lot of action happening within the BCH ecosystem that supersedes its current price speculation.

Also read: Crypto Business Is Now Legal in Belarus  Read more...

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How Lithuania Became a Hub of Cryptocurrency Innovation

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How Lithuania Became a Hub of Cryptocurrency Innovation

On the southeastern shore of the Baltic Sea lies Lithuania, a country of some 2.8 million. Most most people would struggle to place it on a map, and there are 77 European cities larger than its capital Vilnius, which number just 578,000. Despite this, Lithuania has outperformed nations 20 times its size in the token economy, making it Europe’s fifth largest country for crowdfunding. The small nation boasts a burgeoning cryptocurrency scene, aided by fast internet and a favorable regulatory climate.

Also read: Niall Ferguson Tells Bank of England Bitcoin Is Financial System of the Future  Read more...

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Bitcoin Cash Community Sees OP_Code Innovation After Upgrade

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Bitcoin Cash Community Sees OP_Code Innovation After Upgrade

It’s been well over a day since the Bitcoin Cash (BCH) network upgraded its protocol, and the consensus rules now come with a 32MB block size. Although the block size increase is quite a feat, BCH developers have also expanded the network’s default data-carrier-size to 220 Bytes and re-enabled some old Satoshi OP_Codes that were previously removed from earlier codebases. Now over the past 24-hours, lots of people have been playing around with the new BCH features.

Also Read: Bitcoin Cash Upgrade Milestone Complete: 32MB and New Features  Read more...

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Bitcoin is ‘The Real Innovation’ – Jimmy Song Dispels Blockchain Hype at Consensus

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Bitcoin educator, developer and entrepreneur Jimmy Song has bet an unlimited amount of money on cryptocurrency proving more innovative than Blockchain by 2023.

Bitcoin ‘The Real Innovation’

Speaking during a panel at Consensus 2018, which has since become infamous as a frank discussion of Bitcoin vs. Blockchain, Song made the bet with Ethereum cofounder Joseph Lubin.

“I don’t really see much of this stuff gaining much traction,” he said referencing blockchain solutions for global enterprise arguing Bitcoin is “the real innovation here.”

Jimmy Song  Read more...

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China Takes Another Step Forward in Promoting Blockchain Innovation

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CCID Announces Its First Monthly Global Public Chain Assessment Index

The China Center for Information Industry Development (CCID) of the Ministry of Industry and Information Technology in Beijing announced its first monthly Global Public Chain Assessment Index at a recent conference. The platform is designed to offer detailed reviews of global blockchain projects by renowned experts in academia, industry and government bodies.

Previously, the CCID had established the Blockchain Research Institute and the China Ecological Blockchain Alliance, which are assigned to strengthen industry, policy research and blockchain technology. The organizations also provide software research and testing to China’s government.  Read more...

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Newly Formed Institute for Blockchain Innovation Backs ICO Alternative

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IBI-JCO

A new open-source think tank oriented around blockchain technology has been formed and has announced its first initiative, JOBS Crypto Offering, which aims to solve the regulatory issues surrounding initial Coin Offerings (ICO).

The newly announced Institute for Blockchain Innovation (IBI) has nearly 60 members, including global leaders in banking and technology. Companies include Finova, Indiegogo, 500 Startups, Ausum Ventures, Salesforce, Raiffeisen Bank International and BPC Banking Technologies. According to the press release, “The new think tank brings together the world’s innovators in both the traditional and the blockchain/crypto financial systems, along with leaders from corporate, academic, regulatory, entrepreneurial, venture capital, and governmental backgrounds.”  Read more...

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