Month: February 2016

OpEd: In Butterfly Labs Case, FTC Shows Little Regard For Bitcoiners

Last month, news came out [via CoinDesk and ArsTechnica] that the FTC had settled its case against Butterfly Labs and co-founder Sonny Vleisides for a largely symbolic combined fine of $19,000 ($4,000 for Vleisides and $15,000 for the Butterfly Labs itself). Meanwhile, the customers who were burned by Butterfly Labs are left wondering where their …

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How Blockchain Technology Can Enhance Fraud Detection, Interview with Feedzai’s CTO

Feedzai is a fraud detection startup that uses machine learning and big data science to make commerce safe. Founded in 2011 and headquartered in San Mateo, Feedzai aims to transform the management of risk and fraud into a real-time decision science to help payment providers, banks and merchants prevent criminal behavior in omnichannel commerce. Feedzai’s …

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Alcatel, Now Owned By Nokia, Patented A Decentralized Payment System

French telecommunication company Alcatel-Lucent patented a decentralized payment system that would have, if implemented, utilized Bitcoin or another digital currency and a dual wallet system for spending and saving. Alcatel-Lucent was recently acquired by Nokia, though the patent predates that purchase and it is unclear if the project ever progressed past the patent stage. Alcatel-Lucent …

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Bitcoin Gives the General Public a Reason to Care About Computer Security

While computing devices have undoubtedly become powerful tools for bringing immensely greater amounts of efficiency into everyone’s daily lives, they also come with drawbacks in the forms of privacy and security flaws. While it’s great that anyone can message anyone else in the world at the click of a button, it may not be equally …

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Gavin Andresen Agrees, Mike Hearn’s Bitcoin Exit ‘a Whiny Ragequit’

Bitcoin Developer Mike Hearn’s departure from the project last month created many stories in the mainstream press about how the end of Bitcoin may be near, but pretty much everyone left in the Bitcoin community has disagreed with Hearn’s overall position. The former Google employee, who is perhaps best known for his work on Bitcoinj …

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Asia’s Largest Bourse Will Start Testing Blockchain Tech in March

Japan Exchange Group (JPX), the Asian financial services corporation that operates Tokyo Stock Exchange and Osaka Securities Exchange, has teamed up with IBM Japan to start testing blockchain technology for clearing and other operations. The testing phase will begin in March, according to a report from Nikkei Asian Review. Mitsubishi UFJ Financial Group is thinking …

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Andreas Antonopoulos: We’re Seeing Amazing Developments in Bitcoin Governance

Governance has become a key topic of interest in the Bitcoin community over the past few months, and Mastering Bitcoin Author Andreas Antonopoulos was asked about progress in this area during a recent interview on The Tatiana Show. In his response on the issue of governance, Antonopoulos noted: “We’re seeing quite amazing developments in the …

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SEC Seeks Default $10M Judgement Against Garza’s Mining Companies

The Securities and Exchange Commission (SEC) has filed for a default judgement against GAW Miners and ZenMiners, companies both owned by Homero Joshua Garza, for over $10 million after the defendants failed to respond to the SEC’s complaint, according to documents released by the SEC today. The documents, which were first reported by CoinDesk, have …

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Nasdaq to Debut Pilot for New Blockchain-Powered E-Voting System for Shareholders

Shareholders of companies listed on Nasdaq’s Tallinn Stock Exchange, Estonia’s securities market, will soon be able to vote in shareholder meetings using a new blockchain-enabled e-voting system – Nasdaq’s second blockchain project. Nasdaq has teamed up with the Republic of Estonia to use the country’s e-Residency platform to facilitate the new blockchain-powered proxy voting system. …

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