Fidor and Kraken looking to team up to form the first Crypto Currency bank Stan Higgins published an article on Coin Desk looking at the formation of the first bank that will specialize in crypto currencies. On the project’s official website, visitors are being asked to vote on a name for the proposed cryptocurrency bank. The three names are: BICONDO, BYSE Bank and Cryptocurrency Bank. From … [Read more...]
Overstock Looking To Democratize Wall Street With New Bitcoin Related Project
Overstock is looking to change things on Wall Street In an article on Wired.com it seems that Overstock is straying from their core business and working on a side project that hopes to democratize Wall Street. Building on top of the existing Bitcoin protocol. If the project is successful there is a plan to spin the business off as a separate company. Overstock has certainly been one of the … [Read more...]
Mark Cuban Does Not See Long Term Future for Bitcoin as a Currency
Mark Cuban does not see Bitcoin being a long term play as far as being a currency. Cuban told Entrepreneur that if ever got into Bitcoin it would be purely for the entertainment value, kind of like buying and selling baseball cards. This is not the first time Cuban has expressed a disinterest in the crypto currency, back in March at SXSW that he did not see the long term play. From the … [Read more...]
Study Shows Majority of U.S. Consumers Reluctant to Buy or Use Bitcoin
Andrew Moran wrote a piece for Coin Buzz that looked at a study conducted by the Massachusetts Division of Banks. In the study close to two - thirds of those who responded said they were unlikely to buy or use the virtual currency. The article also highlights a study from the U.K. where 71 percent of British consumers don’t want to use bitcoin for their shopping needs. Of course we are very early … [Read more...]
Bitcoin Could Become Legal Tender in Australia According To Official
Australian official suggests making Bitcoin legal tender in Australia. In a talk earlier in the week Chris Jordan, the Australian tax commissioner said some would like to see Bitcoin as legal tender. Currently Bitcoin does not meet the definition under Australian law, but he said that could change. From the Guardian: The Australian tax commissioner has left open the possibility that the … [Read more...]
The Winklevoss Twins Look to Spider Woman to bring their Bitcoin ETF to Market
The Winklevoss Twins of Facebook fame are still working on bringing out the first ever Bitcoin ETF. They have hired the lady known as Spider Woman, Kathleen Moriarty. Moriarty worked on the very first ETF back in 1993 and has a treasure trove of experience. The Economic Times wrote: Kathleen Moriarty is the lawyer attempting to shepherd the Winklevoss brothers' plan to roll out the first ETF … [Read more...]
Popular Bitcoin Websites Being Imitated by Phishers
Carolyn Moritz wrote an article on VPN Creative about impersonators using Bitcoin domains that are similar to existing websites for phishing attempts. It seems some of these websites were actually trying to generate advertising revenue and using the strong newsletter numbers of the real Bitcoin websites. From the article: Bitcoin news website CryptoCoinNews (CCN) was impersonated in a phishing … [Read more...]