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...]
CryptoCurrency.com Changes Hands
The domain name CryptoCurrency.com recently traded hands and was acquired by Jeffrey Berns a partner at Berns Weiss LLP. Both Jeffrey Berns and his partner Lee Weiss are said to be well-known for filing claims against financial institutions on behalf of consumers. Together, they have collected over two billion dollars in relief for their clients in these actions during their professional … [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...]
Francois Carrillo of Domaining.com Launches BitKoin.com For Crypto Currency Blogs
Francois Carrillo who company operates Domaining.com has launched another news/blog aggregator on Crypto Currency. BitKoin.com now carries 23 feeds from blogs covering Crypto Currency. We reached out to Francois to ask him why he picked Crypto Currency? "Crypto currency is something new and growing fast. People want to know more, get informed. As a proof, TheDomains.com is now … [Read more...]
1st Asset Backed Crypto Currency: Sync Coin Secured By Domains Trading At Same Price As Bitcoin
Sync coin is the first asset-backed, profit-sharing currency and the asset the currency is back by is domain names. According to a press release, Sync Foundation and SyncFund.com co-founder, Mike Fiol, who has been in the domain industry for many years. is quoted in a press release, that the total supply of Sync is only 1,100 and now they are asset-backed, profit-sharing … [Read more...]