Cryptocurrencies could become mainstream payment solution within next decade finds new report

  New research from Imperial College London and eToro argues cryptocurrencies are already fulfilling one of three main criteria of money   Cryptocurrencies like Bitcoin offer a viable evolutionary ‘next step’ for money and have the potential to become a mainstream form of payment within the next decade. This is the central finding of new academic research from Imperial and eToro.   In a research report published today – Cryptocurrencies: Overcoming Barriers to Trust and Adoption – Professor William Knottenbelt from Imperial College London and Dr. Zeynep Gurguc from Imperial…

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Bermuda’s Virtual Currency Business Act passes through the House of Commons, UK

Late last Friday, April 27th, Bermuda’s Virtual Currency Business Act passed through the House of Commons in the United Kingdom. This week, the bill will go through the Senate and should the bill pass, it will be the most comprehensive regulation of its kind, covering the issuing, selling or redeeming tokens and cryptocurrencies, ICOs, crypto exchanges, crypto wallets and other crypto service vendors.     Joseph Weinberg, OECD Think Tank Special advisor and Chairman of Shyft, a blockchain KYC/AML solution, and Loretta Joseph, OECD Think Tank Leader, Shyft advisor and…

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The Biggest World Summit on Cryptocurrency and Blockchain to be held in Moscow in May

More than 100 countries at the level of top officials and curators of blockchain technologies from states, more than 3,000 participants, more than 300 speakers, 2 days.     World Blockchain and Cryptocurrency summit (hereinafter: WBCSummit) will be held on May 19-20, 2018 in Moscow. The Organizing Committee of the Summit heads the counselor to the President of the Russian Federation for Internet development German Klimenko   For the first time, the Summit was held in Moscow on January 27, 2018, and brought together representatives of more than 30 countries…

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Dogezer, a new generation Collaboration Platform for Software Development launches DGZ Token

  PRESS RELEASE – RUSSIA – Dogezer is a new generation platform for entrepreneurs, software engineers, UI\UX designers, artists, salespersons, marketing specialists and all other individuals involved in the creation, promotion, and support of software products of any kind. The platform connects these individuals allowing them to collaborate on the products they believe in, and collectively share the fruits of their labor.     Dogezer enables entrepreneurs to form and manage their software development teams without the need for outside funding. It effectively helps team members to become product investors…

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Bank of America says Bitcoin is a business risk and competitive threat

  According to public records, Bank of America has cited cryptocurrency as a material risk to its business and that the technology could hamper the second-largest U.S. bank’s ability to comply with anti-money-laundering regulations, pose a competitive threat and increase cost. This was according to the bank’s annual filing with the Securities and Exchange Commission.     Bank of America specifically mentioned “Cryptocurrency” in the section on risk factors.   The first reference is in the discussion of AML, know-your-customer, sanctions and foreign corruption laws in the U.S.   “Emerging…

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EOT, a Sleeper Coin Crypto Dreams are Made of

With the meteoric rise in the Bitcoin price, everyone is looking for the next big thing and thus we have the rise in new currencies, tokens and the ever popular ICO [Initial Coin Offering].  Traders and investors alike are looking for the “magic coin” that could make their dreams come true.   However, as with everything in life, these dreams don’t come true easily and most new cryptocurrencies will end up on the scrapheap of despair.   The Rise of Tokens and the ICO   The ease with new tokens can…

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How to create a circle of traffic with your own content and Steemit

Here at Bit-Media, we are, like everyone else, trying to get our content out to a wider audience and build a following.  We think Steemit can be a valuable addition to these efforts and our strategy is to build a “Circle of Traffic” by having our “online assets” resharing our content.   Our Online Assets:   Our Bit-Media Blog: Provides news on cryptocurrency, FinTech, IoT and the new digital economy   Our Strategy: Our strategy involves sharing our various posts between our various online assets.  Click on the links below to…

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More Banking Woes For Bitcoin

JPMorgan Chase & Co., Bank of America Corp. and Citigroup Inc. all announced a ban on purchases of Bitcoin and other cryptocurrencies on their credit cards.   JPMorgan, enacting the ban Saturday and Bank of America started declining credit card transactions with known crypto exchanges on Friday.   Full story: – https://www.bloomberg.com/news/articles/2018-02-02/bofa-to-decline-all-cryptocurrency-transactions-on-credit-cards     This comes after Visa suspended a number of crypto prepaid cards in January without warning and a number of Bitcoin companies including Bitwala announced that their banking services were suspended.   Shortly after that payment processor…

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Breaking News – Facebook Bans Bitcoin and ICO Ads

Facebook Bans Bitcoin and ICO Ads.   CNBC reported earlier today that Facebook is banning all ads that promote cryptocurrencies, including bitcoin, in an effort to prevent people from advertising what the company is calling “financial products and services frequently associated with misleading or deceptive promotional practices.”   That means no advertiser will be able to promote bitcoin, other cryptocurrencies, or initial coin offerings — ICOs for short — this will also extend to binary options, according to a Facebook blog post.   Facebook further mentioned that ads that violate…

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Pay for Language Courses on LinguaTrip.com with Bitcoin

  LinguaTrip.com has launched Bitcoin payments – Now you can pay for language courses with a cryptocurrency.   LinguaTrip.com is the first booking company in the world to accept payments via Bitcoin. Cryptocurrency payment became available at Linguatrip.com in January. The first payment was made on January 9th — a client from the United States paid for an English course at a school in London.   LinguaTrip.com — an American technology company with Russian roots. Headquartered in Silicon Valley, USA. The founders are Marina Mogilko, Dmitry Pistolyako, and Dmitry Kravchuk. Rusbase…

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