A wrap up of the best of blockchain 2016

The Blockchain was in the news every week in 2016 – somewhere, something was brewing and being developed around blockchain technology.   2016 was the year of Blockchain hype as consortium memberships grew and encouraged collaboration between countries and companies globally. Will all this hype regarding building private blockchains die down in 2017 as stakeholders adjust their focus to innovating using the Bitcoin blockchain? What we saw in 2016 with blockchain development is similar to what organisations did after the birth of the Internet by introducing their own private “Intranets”….

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Bitcoin News 17 January 2017

Bitcoin today, the Bitcoin price has started to move as we it pushing past $850 and beyond. Interesting week as we are coming up to the inauguration of President Donald J Trump on Friday. We expect volatility in the markets, both traditional as well as Bitcoin. Donald Trump is making volatility great again! Other news headlines – Gold and Bitcoin Form Symbiotic Relationship; As People’s Bank of China Sends Bitcoin Spiralling Down the Centralization Era Comes for Bitcoin; Digital currency exchange Coinbase has issued new comments in its ongoing dispute…

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Does Bitcoin drive women wild?

The quick and easy answer to this question is NO!   This is a sweeping statement as there are some women very involved in the Bitcoin ecosystem, however, there are some interesting statistics to consider when it comes to gender interest in Bitcoin.  Perhaps the fact that software developers, programmers, engineers, open source projects are male dominated and Media articles, YouTube videos on Bitcoin and the blockchain mostly compiled by men.  Bitcoin is seen as “too technical” –  this could be a lack of exposure which leads to lack of understanding….

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Bitcoin News 16 January 2017

Bitcoin Today… and we made it through the weekend with the bitcoin price stabilizing around the $800 mark and above. We are coming up to the Chinese New Year on 28 January… what impact will this event have on the bitcoin price? Any guesses? Other Bitcoin news headlines – Quoine Becomes a top 5 Bitcoin Exchange due to Increased JPY Trading; Russia’s Relationship with Bitcoin May See Brighter Days Ahead; Things Bitcoin Companies Try To Patent; Why Industries May Experiment Smart Contracts via Bitcoin in 2017; Coinbase and the IRS…

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Once on the Blockchain, always on the Blockchain

The Blockchain is the technology behind the digital currency Bitcoin. The blockchain is a secure, distributed and database, basically a shared public ledger of data and it is immutable – once on the blockchain, always on the blockchain. As transactions are verified on the blockchain, the confirming miners in the decentralized network are rewarded in Bitcoin. There is much excitement around the blockchain and the potential uses thereof, such as contracts, shipping, food safety… ROMANCE and LOVE letters too! “Block number 448064 on the Bitcoin blockchain contains a cryptic and…

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The Blockchain could change our lives forever

The Blockchain has most certainly been in the spotlight of late as more industries are focusing on how the technology can make a difference in their line of focus.  2016 saw collaboration between countries, large corporations, consortium’s and various stakeholders with substantial capital investment. Here is a definition on what the Blockchain is: “It is a distributed database that maintains a continuously-growing list of ordered records called blocks. Each block contains a timestamp and a link to a previous block.  By design blockchains are inherently resistant to modification of the data…

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Is Bitcoin becoming a World Currency

On the 31 November 2008, just as we found ourselves part of a financial crisis that would impact the world negatively, a white paper titled “Bitcoin: A Peer-to-Peer Electronic Cash System” by Satoshi Nakamoto was uploaded onto a blogging site on the internet.  The paper detailed a way to use a peer to peer network to generate “a system for electronic transactions without relying on trust”.  And so, the Internet of Money was  born. Release of the first open source Bitcoin client was completed on 3 January 2009 and a few…

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Bitcoin Mining potential in India using Government’s new power plan

India has moved from a shortage of power to an excess electricity generation capacity now.  The government has a plan to boost electricity usage by offering rebates and incentives.  Could this mean that more Bitcoin mining pools could spring up in India or the existing GBMiners pool grow? Read the full article here by India Times / Economic Times “With over 250 million people unbanked in India and as the world’s largest inward remittance market, which received just under $70 billion in 2013, India represents a prime location for bitcoin adoption….

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Mainstream Media talking Bitcoin

Mainstream Media is sitting up and taking note of Bitcoin… and talking about this revolutionary new payment system, store of value and digital asset. There are millions people across the globe who have not heard of Bitcoin as yet – the market is still tiny with a market cap that fluctuates from $13 billion upwards.  The growth potential is enormous and Bitcoin also has the potential to change the unbanked statistic of over 2 Billion adults who do not have traditional bank accounts.  The more mainstream media gets involved, the…

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Bitcoin showing signs of maturing

Some people are comparing the price movements in the beginning of 2017 to the rise and fall of the Bitcoin price at the end of 2013 into 2014.   However, Chris Burniske from ARK Invest, is of the opinion they are not the same and that Bitcoin is showing signs of maturing. Excerpt from Coindesk article states:- “Certainly, a similar narrative could be spun: bitcoin breaks $1,000, the People’s Bank of China issues some comments that scare people, bitcoin crashes. But if a few marketplace characteristics are investigated, I think…

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