Sitting between the British mainland and Ireland, this small island remains something of an enigma. Part of the United Kingdom, but with various fiscal and legal differences that make its laws distinctly separate from the rest of the country, it’s also home to the famous tailless cats and sheep with four horns. If you recognize the name, it is probably due to the once a year Manx TT race, a spectacle of speed that takes over the public roads and turns it into the world’s most dangerous motorcycle event. However, take a trip to the Isle of Man to watch that race, and something very different will strike you. When you arrive, you can choose a nice limousine service to take you to your hotel. If you book in advance, you can pay for that with Bitcoin. Choose the right hotel, and Bitcoin can be used to pay for that too, as well as the coffee shop and many other places you might visit. But that is not all. There are quite a few digital currency startups here, including two of the limited number of online casinos that accept digital currencies. But why here? Why are American entrepreneurs moving 3000 miles to set up on a small, quaint island just off the British coast? The key here is the local government, who recognized early on the potential of the digital currency industry and sought to provide a legal foundation that works for the cryptocurrency world. It has been an obvious success. Its early embrace of digital currency has allowed this small island to become one of the pioneers. And with the process just begun for a register for all local businesses that accept Bitcoin, the government is showing no signs of stopping. The Isle of Man is well served by high speed broadbandOriginally appeared at: http://dcebrief.com/is-the-isle-of-man-the-worlds-friendliest-place-for-bitcoin/
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Berlin, September 30, 2015 at 16:00 BST Bitcoin lending platform Bitbond today announced the launch of its new global affiliate program. The affiliate program is designed to open up the services Bitbond provides, and allow the vibrant Bitbond community to share in the revenue of the company. By providing a financial incentive, affiliates promoting Bitbond will now be able to profit financially for every active user they refer. The affiliate program is designed to open up the services Bitbond provides, and allow the vibrant Bitbond community to share in the revenue of the company. By providing a financial incentive, affiliates promoting Bitbond will now be able to profit financially for every active user they refer. Aspiring affiliates are able to access their personalised link by signing up and accessing the affiliate page. Once the link has been received, affiliates are encouraged to share their link and promote Bitbond by writing blog posts, sending emails, sharing on social platforms or placing a banner ad on their website. Bitbond’s bitcoin affiliate program allows users to be paid for every borrower and lender they refer, who become active on the platform. An affiliate stands to earn 20% of the origination fee as commission for every borrower and 30% commission for every lender who is referred, via their personalisedOriginally appeared at: http://www.coindesk.com/press-releases/bitbond-launches-bitcoin-affiliate-program/
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Thirteen top banks, including Royal Bank of Canada and Toronto-Dominion Bank, have joined a consortium led by financial tech firm R3 that is working on a framework for using blockchain technology in markets, a spokesman for the firm said on Tuesday. Nine other banks had already signed up to the initiative, which represents the first time banks have collaborated on how the technology that underpins bitcoin – a controversial, Web-based “cryptocurrency” – can be used in finance. The other banks announced on Tuesday were HSBC, Deutsche Bank, Citi, Bank of America, Morgan Stanley, Commerzbank, Société Générale, SEB, BNY Mellon, Mitsubishi UFJ Financial Group and National Australia Bank, taking the total to 22 banks. The consortium is being led by David Rutter, who was formerly chief executive of electronic trading at ICAP Electronic Trading, one of the world’s largest interdealer brokers. The blockchain works as a huge, decentralized ledger of every bitcoin transaction ever made, which is verified and shared by a global network of computers and, therefore, is virtually tamper-proof. The Bank of England has a team dedicated to it and calls it a “key technological innovation.” R3 chief technology officer Richard Brown, who joined the company last month from IBM, told Reuters the technology could bring banks significant savings by making their systems more efficient and transparent, with less risk of error. “Over decades, banks and other firms have built systems for themselves … and then a collection of processes has emerged between the banks … to make sure these systems are kept synchronized and are reconciled with each other,” he said. “With shared or distributed ledgers, perhaps we can imagine a world where participants share this infrastructure, so rather than everyone running their own systems that have to be reconciled, we can have … an open platform that multiple firms can connect to.” Mr. Brown alsoOriginally appeared at: http://www.bnn.ca/News/2015/9/30/RBC-TD-join-top-banks-in-using-bitcoin-technology.aspx
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As the market drops 200 to 300 points daily on a fairly frequent basis these days, and has now dropped 13% in the last four months, John Hussman’s valuation analysis based upon historical facts is proving to be accurate. He’s not an “I told you so” type of person, but I am. The MSM stories follow the same old storyline – this is just a correction, time to buy the dip, stocks are undervalued, the Fed won’t let the market fall. We’ve been here before, twice in the last fifteen years. Wall Street and their media mouthpieces attempted to spread misinformation about the nature of the markets in 2000 and 2007, as epic bear markets were just getting underway. John Hussman cut through their crap then and he is cutting through it now. “Is our profession really so lazy that we would advise people to risk their financial security based on tinker-toy models and pretty pictures that we don’t even have the rigor to test historically? Investors appear eager to ‘scoop up’ so-called ‘bargains’ on the belief that stocks are ‘cheap relative to bonds.’ All of this is predicated on the belief that profit margins will remain at record highs, that the Fed Model is correct, and that P/E ratios based on extremely elevated measures of earnings should be evaluated based on norms for much more restrained measures of earnings. Based on daily closing prices, the SP 500 has not even experienced a 10% correction, yet the recent decline has been characterized as if investors are acting ‘like the world is about to end.’ This is not the pinnacle of human irrationality, but in fact, quite a shallow selloff from a historical standpoint. The fact that Wall Street is branding it otherwise is evidence that investors have completely forgotten howOriginally appeared at: http://davidstockmanscontracorner.com/this-bear-is-just-waking-from-hibernation/
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© Finextra Research 2015 Contact usEditorial Sales and Membership Follow usLinkedIn Twitter <!–Facebook RSS Feeds Daily newsletter–> RSS Feeds Originally appeared at: http://www.finextra.com/news/announcement.aspx?pressreleaseid=61456
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Hamburg / Berlin, September 30, 2015 at 10:21 BST The Bitfilm Festival, the world’s film festival about Bitcoin, will start a new competition for films about Bitcoin and Blockchain technology today, accompanied by a worldwide tour of film screenings starting on November 6. “We re-invented our festival last year”, says Aaron Koenig, who founded the Bitfilm Festival in 2000. “It was a great experience to focus on films about this new form of money that takes away power from banks and governments. So we will do it again and hope to show even better films and reach even more people” The Bitfilm Festival will start with a kick-off event in Berlin’s Kino Central, in Rosenthaler Straße 39, Berlin-Mitte on November 6. It will be followed by a worldwide tour of cinema screening organised by local Bitcoin communities. So far San Francisco, Saigon, Buenos Aires, Mexico, Budapest and Amsterdam have been confirmed, more events will be announced soon. The voting will take place on the Bitcoin blockchain. Each film will have its individual Bitcoin address. By donating money to the films they like best, viewers can decide who will win the awards for the best feature and the best short film. Submissions are open until October 21st at www.bitfilm.com/bff15/. The Bitfilm Festival has been showing films that useOriginally appeared at: http://www.coindesk.com/press-releases/bitfilm-festival-best-films-bitcoin/
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Chris Ryan/Nature When the digital currency Bitcoin came to life in January 2009, it was noticed by almost no one apart from the handful of programmers who followed cryptography discussion groups. Its origins were shadowy: it had been conceived the previous year by a still-mysterious person or group known only by the alias Satoshi Nakamoto1. And its purpose seemed quixotic: Bitcoin was to be a ‘cryptocurrency’, in which strong encryption algorithms were exploited in a new way to secure transactions. Users’ identities would be shielded by pseudonyms. Records would be completely decentralized. And no one would be in charge — not governments, not banks, not even Nakamoto. Yet the idea caught on. Today, there are some 14.6 million Bitcoin units in circulation. Called bitcoins with a lowercase ‘b’, they have a collective market value of around US$3.4 billion. Some of this growth is attributable to criminals taking advantage of the anonymity for drug trafficking and worse. But the system is also drawing interest from financial institutions such as JP Morgan Chase, which think it could streamline their internal payment processing and cut international transaction costs. It has inspired the creation of some 700 other cryptocurrencies. And on 15 September, Bitcoin officially came of age in academia with the launch of Ledger, the first journal dedicated to cryptocurrency research. LISTEN Noah Baker investigates what the future may hold for digital currencies What fascinates academics and entrepreneurs alike is the innovation at Bitcoin’s core. Known as the block chain, it serves as the official online ledger of every Bitcoin transaction, dating back to the beginning. It is also the data structure that allows those records to be updated with minimal risk of hacking or tampering — even though the block chain is copied across the entire network of computers running Bitcoin software, and the ownersOriginally appeared at: http://www.nature.com/news/the-future-of-cryptocurrencies-bitcoin-and-beyond-1.18447
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Bitcoin Vietnam’s exchange VBTC has just relaunched with a more powerful trading engine, more security, and the ability for customers to send and receive bitcoin remittances as local fiat currency from all 9,200 banks across the country.
By Bitcoinist.net Sep 29, 2015 5:05 PM EDT <!––> Content creators are scratching their heads while trying to come up with new ways of monetizing their content. The old traditional advertising model seemsOriginally appeared at: http://insidebitcoins.com/news/discontent-on-ios-9-makes-bitcoin-viable-alternative-to-monetize-content/35059
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The US stock market has been inflating almost continuously since Black Monday in October 1987 when the newly arrived Fed Chairman, Alan Greenspan, panicked and opened up the money spigots. ^SPX data by YCharts In fact, the SP 500 had risen by nearly 1000% as of the recent May peak, but that was not owing to a traditional domestic business cycle or booming growth in the main street economy. To the contrary, real median household income in 1989 was $53,000 in constant 2013 dollars—–or exactly where it still sits today. Instead, the big cap US stock index depicted above floated upwards for more than two decades owing to the great central bank Financial Bubble. On the back of $225 trillion of debt, the world economy got drastically overbuilt—–from the boom’s epicenter in China and throughout the global food chain of Emerging Market (EM) economies which supplied it, the petro-states which powered it, and the Development Market (DM) economies which consumed more than they produced and financed it from borrowings and speculative windfalls. Now the tide is receding. The global commodity crash and CapEx depression is driving corporate profits lower—-a trend line which will sharply intensify in the year just ahead. At the same time, the central banks have reached the end of their tether. The EM banks like that of China must now shrink their domestic monetary system and credit in order to prevent monumental capital flight. In the last five quarters alone China has had a $800 billion outflow. The DM central banks are in an even worse predicament. They have held interest rates at the zero bound for seven years and bought up a fair share of the public debt via the fiat central bank credit of QE. But while drastically inflating financial asset prices, these radical maneuvers haven’t levitated the main stream economies. Consequently, central bank credibility is evaporating fast and policy confusion, indecision and incoherence are mountingOriginally appeared at: http://davidstockmanscontracorner.com/weve-seen-this-picture-before-global-markets-down-13-trillion-already/
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