Despite its success throughout the years, there are a lot of people who still think the blockchain hype will go bust in the next few years. While there are several thousands of use cases for this technological marvel, very few of those concepts have come to fruition. The year 2016 will be an interesting one for the blockchain and Bitcoin alike, as all of the VC funds has to start paying off sooner rather than later.
Hive, one of the many Bitcoin startups around the world looking to unify financial services with blockchain technology, recently won the finals of Fintech Americas, an important event in the world of finance. Even though this competition was designed to find the “next big thing” in the remittance sector, Hive offers a lot more functionality than just that.
At this time, there are two camps in the world of Bitcoin exchange platforms. On the one hand, there are the traditional Bitcoin exchanges, where users deposit funds and withdraw it through the exchange’s accounts. On the other hand, there are decentralized peer-to-peer exchanges that are slowly but surely gaining more popularity.
Coinffeine Launches in 70 Countries
When a new Bitcoin exchange launches, there is usually the question of whether or not it will be available outside of the continents of Europe, the US and Asia. And in most cases, the answer to that question is no, due to regulatory and legislative requirements that need to be taken into account in most parts of the world.
Despite Bitcoin being associated with nefarious activities and often being dubbed as “magic internet money”, there is a vast interest in people who want to obtain a piece of this digital currency. Overall Bitcoin trading volume has been increasing over the past year or so, and peer-to-peer marketplaces such as LocalBitcoins have seen a tremendous growth in volume as of late.
LocalBitcoins – Peer-to-peer Bitcoin Trading On The Rise
Exchanging Bitcoin to and from local fiat currency can be done in multiple ways. Due to Bitcoin’s decentralized nature, there is no need to rely on exchange platforms to complete trades, even though their engines match buy and sell orders automatically. Proper Bitcoin exchanges are a luxury and a convenience, but not a necessity.
Many people are drawn to Bitcoin because of its decentralized and peer-to-peer nature. In recent months, however, a lot of focus has been on other aspects of Bitcoin, which overshadows the peer-to-peer aspect of this disruptive digital currency. Coinffeine is looking to shift that focus to where it belongs, as the technical preview of their peer-to-peer Bitcoin exchange platform has been released.
Coinffeine – A New Breed of Bitcoin Exchange
If you ask Bitcoin enthusiasts around the world, most of them will say there are already more than enough exchanges available. While that statement holds merit in certain parts of the world, there are other areas where there is little to no option of obtaining or selling Bitcoin in exchange for fiat currency.
One of the most pressing questions on the mind of a lot of people around the world is: “What is Bitcoin?”. While there are several possible answers to that question, it should be answered with another question. Are you interested in the monetary aspect, the technological aspect, or the ideology behind Bitcoin? In this article, we will start by answering the last question first.
The Bitcoin Ideology
When we talk about Bitcoin to our friends, family or even people we just ran into a few minutes ago, it is hard to explain this concept without going into technical details. For most of us Bitcoin enthusiasts, we have become so accustomed to using certain terminology which is rather obscure to novice users.
A lot of crypto enthusiasts have always wondered what it would be like when one of the mining hardware manufacturers would come up with their very own digital currency. Cleverhash Technologies is doing exactly that, by introducing the cryptocurrency world to HASH, a cryptographic token backed by real world value.
Introduction : CleverHash Technologies
CleverHash Technologies is a name that is known to quite a few people in the world of cryptocurrency, but for those of you who haven’t heard about this company yet, let’s start things off with a small introduction.
One of the coins people wanted us to talk about is XCASH, an altcoin launched at the beginning of september of this year. They recently released an interesting whitepaper, explaining their future services for not just the XCASH, but the entire cryptocurrency community.
With an avalanche of altcoins being released over the past year or so, and more than a fair few of them turning out to be outright scams, it is hard to launch a promising project. Especially when you take into account that most of the “2014 features” have been cloned in pretty much all coins coming out over the past few months.
BTCChina, China’s largest Bitcoin exchange has just completed a round of maintenance. While that might not be as exciting as it sounds, some changes have been made in order to elevate BTCChina from being “just an exchange” to becoming a one-stop Bitcoin service provider.
BTCChina users now have full access to all of the services offered by BTCChina. The exchange part is still there, so nothing has changed in that regard. However, instead of having to create a separate account for the other products and services offered by the platform, one login now gives you access to everything.
Bill Gates is one of those charismatic personalities who never shies away from speaking his mind. Usually, this is a reason for concern or outrage, but every once in a while, it spurs a whole new discussion. This time, he made an interesting comment in regards to Bitcoin.
As you can see and hear for yourself in the Bloomberg video below, Bill Gates is talking about Bitcoin. Mr. Gates finds Bitcoin “exciting because it’s cheap”. which is not a statement you’d come to expect from him of all people. Especially considering he called Bitcoin a “technological tour-de-force” earlier this year.
This announcements marks a very unique event in the world of Bitcoin. Genesis Mining, a company offering Scrypt Cloud Mining contracts, is partnering up with BitLendingClub, a peer-to-peer Bitcoin lending network.
BitLendingClub is a platform for people to either loan or borrow Bitcoin. As a lender, you are entitled to an interest on top of the amount of Bitcoin you lend to someone. As a borrower, you are obligated to pay the amount of Bitcoin back, with additional interest.
It’s not often that I get approached by someone to write an article about a service that doesn’t exist yet. It’s even less often that they have a whitepaper available, documenting said service. It’s actually the first time EVER I was so impressed with a 16-page whitepaper.
But I won’t wet your appetite any longer, because we really need to talk about … The Nexus Protocol , and why it it will be the future of all things Bitcoin and altcoin. Are you ready?