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 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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Bitcoin News 11 January 2017

BREAKING NEWS – Developments in China – The People’s Bank of China want to regulate Bitcoin Exchanges and are currently meeting with them – they are carrying out an inspection and the process should take a week. Bit-Media mentioned previously that there will be volatility in the markets for the next few weeks. The price today dropped from $920 to $800 and $770 lower levels in China during the day. BTCC, OKCoin and Huobi indicated that they are open to increased oversight from the Chinese government or central bank. Time…

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Bitcoin News 10 January 2017

Bitcoin today… Bitcoin prices are hovering around the $900 mark. Interesting to note that even though many people were shocked by the sudden drop in price at the end of last week, Bitcoin has grown by almost 30% in the last three months! Incredible growth. Trick is to stay focused on the long term upward trend and not get too emotional about a bit of volatility. Recent tweets from two Angel Investors and Bitcoin Vetrans Roger Ver on Bitcoin’s value growth – “Bitcoin’s price hasn’t crashed. It is up: 14%…

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What is a ROSCA on the blockchain?

A ROSCA is a rotating savings and credit association (ROSCA). A group of individuals who agree to contribute for a defined period in order to save and borrow together. This is a form of combined peer-to-peer banking and peer-to-peer lending and usually between immigrant communities in a developed country or communities in a developing country. According to Wikipedia, F.J.A. Bouman described ROSCAs as “the poor man’s bank, where money is not idle for long but changes hands rapidly, satisfying both consumption and production needs.” Now ROSCA’s are being developed using…

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An Introduction to We Trust – a reciprocal aid platform powered by the Blockchain!

Introducing Patrick Long and George Li from We Trust, based in San Francisco who are building a collaborative lending and insurance platform on the blockchain aka ROSCA. “What is ROSCA? Simply put, it is a Mutual Insurance organization where voluntary participants play the role of both customer and shareholder. They exist in many forms around the world including rotating savings and credit associations (referred as ROSCA from hereon in this document, also known by different local names globally), mutual insurance groups, fraternal organizations, religious groups, and professional societies. In these…

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Bitcoin News 15 December 2016

Bitcoin today 15 December 2016 – the Bitcoin price has gained $40 since 1 December 2016 which equates to a 5% growth in two weeks. Bitcoin reached $800 in China this week! Bitcoin headlines – Yahoo (YHOO, Tech30) disclosed a new security breach on Wednesday that may have affected more than one billion accounts; The dollar climbed the highest level since 2003 against the euro as the prospect of a steeper path for U.S. interest rates next year filtered through markets; Coin Center report points out that the most useful…

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Bitcoin News 14 December 2016

Bitcoin today 14 December 2016 – the Bitcoin price is stable above the $780 mark! Knock Knock Knocking on $800… when will Bitcoin price break through? They say the cry through the Bitcoin community today is: “I should have bought more.” as Bitcoin is trading at its highest price since 2014! Bitcoin News headlines – Coinsecure are seeing over a 300% increase in turnover and over 250% increase in there user base in India; Kraken San Francisco-based digital currency exchange has acquired wallet funding service Glidera; Fake emails purporting to…

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