Month: June 2015

Erik Voorhees on Ben Lawsky’s Bitcoin Firm: “It’s the Very Definition of Crony Capitalism”

ShapeShift.io CEO Erik Voorhees was recently interviewed by Paul Buitink, Jop Hartog, and Tuur Demeester on the deBitcoin weekly hangout, and he discussed his company’s recent reaction to the finalized BitLicense. Last week, it was announced that ShapeShift.io would no longer offer its services to the good people of New York, which now joins North …

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Leading Canadian Bank CIBC is ‘Closely Studying Blockchain Tech’

The Canadian Imperial Bank of Commerce (CIBC), one of the country’s largest banks, is closely studying blockchain technology, peer-to-peer lending, in a time where fintechs are threatening to shake up the financial services sector. In a speech to the Empire Club of Canada, Victor Dodig, the chief executive of CIBC, said the bank is investigating …

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Block26 Plans to Make ‘Aggressive Investments’ into Blockchain Startups

Los Angeles-based Block26, has launched a blockchain and digital currency-dedicated investment fund that seeks to make “aggressive investments” into blockchain startups. Headed by Pedram Hasid and Ni’Coel Stark, the venture capital organization will help incubate a portfolio of “hand-selected companies that embrace the blockchain” and provide these startups with capital and talent among other resources. …

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Bitcoin Core Developer Gregory Maxwell on Why Altcoins Don’t Work

During his recent introductory presentation about Sidechain Elements, Blockstream Co-Founder and Bitcoin Core Developer Greg Maxwell explained why altcoins are not the proper solution for adding new features to the cryptocurrency ecosystem. In the past, Maxwell has noted that he has “ethical concerns” with altcoins, but he mainly focused on a technical explanation of why …

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EU-Backed D-CENT Aims to Create Blockchain-Powered Tools for Direct Democratic Participation

D-CENT, a European-wide project aiming to build an open, decentralized and distributed social networking platform for large-scale collaboration, is being supported by €1.905 million from the European Commission (EC). Triggered in October 2013, the Decentralised Citizens ENgagement Technologies (D-CENT) initiative has received backing from the EC to build a distributed, federated and privacy-aware social networking …

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South Africa Gets Its First Digital Currency Hub and Incubator

The Cape Innovation and Technology Initiative (CiTi) has announced the launch of South Africa’s first digital currency hub and incubator, an initiative aiming to support the local cryptocurrency community and foster the digital currency eco-system. CiTi, a government-backed non-profit organization that supports local tech startups, has showcased its intention to encourage development and innovation in the …

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Citi Rewards Two Bitcoin Startups in ‘Mobile Challenge’

Citi has announced the winners of its Citi Mobile Challenge in Europe, the Middle East and Africa (EMEA). Among the winners, GetGems, a mobile bitcoin wallet and messaging app, received the title of the “Most Visionary Social Media Solution,” while Billon, a peer-to-peer blockchain-based payment solution, was named the “Most Innovative Blockchain Solution.” Launched in February, …

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