Quick Look

     

    North Carolina Signs Bitcoin Bill Into Law

    Editor Notes: "North Carolina Governor Pat McCrory signed 16 bills into law today, one of which was House Bill 289, which expands the state’s Money Transmitters Act to cover activities related to bitcoin and other blockchain-based digital currencies."   By Pete...

    US Gov’t Shows Interest In Blockchain Healthcare Benefits

    Editor Notes: "According to a notice published in the Federal Register, HHS is seeking white papers that explore how the technology can be leveraged for healthcare purposes. The submission date is 29th July, with the winners set to be announced late next month." By...

    Blockchain Immutability a Perpetual Motion Claim

    Editor Notes: "So what is immutability? Immutability is the feature of a blockchain that persists data forever, free from censorship and despite the disincentives to do so for some period of time. Typically, "forever"." By Chris DeRose Immutability!  It's the buzzword...

    Bitfury Lightning Micropayments Routing For Bitcoin

    Editor Notes: "Long an outstanding question facing the Lightning Network, one of the more acclaimed proposals aimed at scaling the bitcoin network to accommodate higher transaction volumes, the 40-page white paper introduces a new routing system it calls Flare, which...

    Blockchain Technology Connects With Guns

    Editor Notes:  Blocksafe CEO Kevin Barnes, This solution has the potential to eliminate unauthorized gun access, track missing firearms, and more importantly, reduce overall violence.   By Allen Scott Blockchain Meets ‘Smart Gun’ Technology Kevin Barnes Kevin Barnes...

    Industry Seeks to Weave Blockchains into New Web

    Editor Notes: 'Christopher Allen, principal architect at blockchain tech company Blockstream, said  "In order to move forward and work with other organizations we can’t all have different data formats and APIs. No one will buy into that if we do it that way.'" By...

    EU Tighter Bitcoin Rules To Combat Terrorists & Money-Launderers

    Editor Notes: "In statements, first vice president of the commission Frans Timmermans, sought to connect the actions to international security.  said: 'Today's proposals will help national authorities to track down people who hide their finances in order to commit...

    Uber Argentina Uses Bitcoin To Continue

    Editor Notes: Xapo product manager Anni Rautio said "This is a win for all local Uber users and drivers, and for Uber as a company, as they are able to continue operations in Argentina through Xapo's Debit Card. It's also great news for bitcoin: it's one step closer...

    Bitcoin 51% Attack Question Resurfaces

    Editor Notes: "Understanding how a bad actor can affect the bitcoin community as a whole can help to shed light on the vulnerabilities that lie in blockchain-based networks – and what can be done to reduce them." By Frederick Reese Many supporters have come to see...

    Evaluating the EU’s New Definition for Virtual Currencies

    Editor Notes: " According to the proposal, 'virtual currencies" means:'...a digital representation of value that is neither issued by a central bank or a public authority, nor necessarily attached to a fiat currency, but is accepted by natural or legal persons as a...

    Bitcoin Chart Formation Suggests Upside Breakout Coming Soon

    Editor Notes:" More recently, Bitcoin has been boosted by Brexit and the probability of investors moving to Bitcoin’s digital gold element alongside China’s increasing buying of cryptocurrency as the country faces a looming recession. The Chinese are looking to...

    Netcoins Virtual ATM Network

    Editor Notes: "Whether a customer orders $20 or $2,000 in Bitcoin Netcoins does all the heavy lifting. Stores don’t need to maintain inventory or manage legal compliance: Netcoins handles everything and supplies all Bitcoin. In fact, there is no cost to stores....

    Netki Raises $3.5 Million For Digital Identity

    Editor Notes:  Netki CEO Newton said "We plan to use the funds to invest in our technology and grow our team in order to support customer growth." By Jacob Donnelly With most of the energy in bitcoin focused on infrastructure issues, creating a more user-friendly...

    Holland’s Central Bank to Open Blockchain Campus

    Editor Notes: "Holland’s fintech ambassador Willem Vermeend said 'There is a lot of creativity in the Netherlands. The problem is that I have spoken to twenty parties who do not know what the other is doing.'"   By Michael del Castillo Holland’s central bank is...

    Donald Trump Presidency Could Benefit Bitcoin

    Editor Notes: "Global concern over the possible election of Donald Trump, along with other macroeconomic concerns, could lead to a massive jump in bitcoin transactions, according to a new report."   By Michael del Castillo The digital currency that is increasingly...

    Tech Giant: Blockchain ‘Integral to Mid-East Digital Economy’

    Editor Notes: "International tech consultants Booz Allen Hamilton (BAH) have authored a report stating blockchain is “integral to supporting and realizing a digital economy in the Middle East.” By William Suberg Mid East Undergoing ‘Rapid Change’ The report, released...

    EU Strategy – Put An End To Anonymous Bitcoin Trading

    Editor Notes:  EU report Indicates "The European approach to regulating virtual currencies is fundamentally different from that prevailing in the USA. Whilst in the former, virtual currencies are considered as units of account, in the latter they are treated as...

    Bitcoin WiFi Hotspot Inroads – Philippines

    Editor Notes: "WiFi Interactive Network Founder Philip Zulueta stated: The low-income market is a viable target. Because at the end of the day, everyone is a consumer. The fact that The Philippines is a major sachet market is testament to this. Smaller bite sizes but...

    Cryptocurrencies are not Gov’ts, They’re DAOs

    Editor Notes: "Governance is the new buzz word of blockchain tech. And perhaps with good reason. But does this meant that blockchain systems are a new kind of Government?"     By Juan Galt In a recent LetsTalkBitcoin podcast with Andreas Antonopoulos, Pamela...

    How Blockchain Could

    Editor Notes: "For instance, bitcoin enthusiasts are still split on relatively minor protocol details such as the size of its transaction blocks, and since The DAO got attacked, some in the ethereum community want to pursue technical changes to regain control of lost...

    Bitcoin $10 Billion Market Cap

    Editor Notes: Chris McAlary, chief executive officer of Coin Cloud "People are drawn to bitcoin because it empowers them to take on the advantages that come with existing outside of the traditional banking system. With that come some risks which novice users may not...

    1MB Blocks for Today’s Bitcoin?

    Editor Notes: Developers Joseph Poon and Tadge Dryja wrote in their white paper on bitcoin payment channels: "If we use an average of 300 bytes per bitcoin transaction and assumed unlimited block sizes, an equivalent capacity to peak Visa transaction volume of...

    Cobra Revisions To Satoshi’s White Paper Unpopular

    Editor Notes: Here’s what Cobra had to say, giving his opinion via GitHub: “I believe the paper was always designed to be a high-level overview of the current reference implementation, and that we should update it now that the paper is outdated, and the reference...

    Why Serious Investors Need Bitcoin in Their Portfolios

    Editor Notes: "For the longest time, people have seen bitcoin as an investment vehicle. In fact, cryptocurrency is referred to as a store of value these days. Due to its scarce nature and the free market, bitcoin has the potential to increase in value. Moreover, since...

    Blockchain Debate Circle CEO vs Luxembourg Minister

    Editor Notes: "Circle’s Jeremy Allaire and Luxembourg Finance Minister Pierre Gramegna discussed the future of blockchain at the World Economic Forum. Regulation and blockchain’s future were major topics at the Unblocking the Blockchain event at this week’s World...

    W3C’s Blockchain Workshop At MIT

    Editor Notes:  W3C  “We are seeking blockchain and Web experts to gather together to discuss what needs to happen to integrate blockchains into the Web.” By Jamie Redman The World Wide Web Consortium (W3C) has just wrapped up its “Blockchains and the Web Workshop,”...

    OTC Trading Bitcoin For Regular People

     Editor Notes: "More and more people are looking to get started in Bitcoin with every passing month. In response, companies are giving them more options to do so, including over-the-counter (OTC) trading." By Jon Southurst Thanks to increasing regulation and formal...

    Terminator Rumors of Miner Mutiny Make ‘Corexit’

    Editor Notes: "If miners are truly upset, they may remain so for quite some time as Gavin Andresen points out back in March 2016. Andresen commented on the issue back in March stating, “It has become obvious to me that some of the contributors to the Bitcoin Core...

    The Global Unerbanked Gets A Known Programmers Attention

    Editor Notes: Stellar co-founder Jed McCaleb: "I think that one of the most powerful things that this technology is going to do for the world is actually get everybody into the same financial network." By Michael del Castillo McCaleb hit a roadblock in his mission to...

    Bitcoin Not a Threat – Citi Bank

    Editor Notes:  The Citi Bank report: "The power behind an open network like bitcoin is the possibility of incorporating it with other technologies to bring about true innovation, such as applications that support the Internet of Things (eg machine-to-machine...

    Abra Blockchain Remittance App Comes To American Shores

    Editor Notes: CEO Bill Barhydt: "It’s really the hub for us for going global. The initial focus for Abra is on cross-border, phone-to-phone transfers. The US is a key hub for that. We have worked diligently and make sure we’re ready to go, and we’re launching the bank...

    A Blockchain ‘Rosetta Stone’?

    Editor Notes: Jenny Knott CEO ICAP "Today the smart contract is compatible with ethereum, but if ethereum becomes something else, what we’ve done is created a system we believe should be ultimately compatible with any other equivalent blockchain technology." By...

    Russian Blockchain Consortium

    Editor Notes: QIWI CEO Sergey Solonin "I’m convinced that the Consortium, which brought together the Russia’s largest financial company, is able to become an effective platform for multilateral cooperation in exploration, launching innovations and their...

    Ripple Becomes A Tech Partner With 7 Banks

    Editor Notes: Larsen Ripple CEO: "We’ve reached the stage where a significant number of these banks are moving to commercial production. What’s significant here is the space is moving beyond experimentation and moving into actually deploying this."  By Pete Rizzo...

    Bitcoin Scaling Solution Enters Next Phase

    Editor Notes: Wuille co-founder of Bitcoin: "The near-term steps are backporting and more testing of real world usage on testnet. After that, defining the activation parameters and doing releases with SegWit active in it, and hope it gets adopted by miners and the...

    Startup Blockchain Raises $60 Million

    Editor Notes: Allaire co-founder Circle: “We don’t think of ourselves as focused on remittance or money transfer, we don’t think those categories will exist. For us, this capital is all going in the global company and that’s investment in consumer marketing, that’s...

    An Insider Look How Whales Move Bitcoin

    Editor Notes: "Entrepreneur and well-known bitcoin investor Vinny Lingham confirmed what anyone who has spent years watching bitcoin already knows: that there are very wealthy people out there investing in bitcoin, and they’re keeping it low-key. Serious money is...

    A ‘Virtual Galaxy’ Of Bitcoin Nodes By A16z Startup

    Editor Notes: Wolfe-Pauly: "A blockchain is more useful when the nodes are run by actual users. Coinbase is cool, but it would be great if there was an easy way to run a full node. Urbit is well-suited to solve that problem." By Stan Higgins Some have said that...

    All Ether Investors Eyes On Fork

    Editor Notes: "Ether prices fell to as little as $11.60 during yesterday's session, down roughly 17% from their opening price of $13.95, Poloniex figures reveal. The digital currency later recovered, opening at $12.18 on 29th June and rising to a press time total of...

    IBM Completes Blockchain Identity Trial With Crédit Mutuel

    Editor Notes: In statements, Crédit Mutuel COO of innovation and operations Frédéric Laurent said: “This project offered a complete view of customers' documents across our distributed network and helped us to understand and master blockchain for other client uses.” By...

    North Carolina Senate Signs Off On Bitcoin Bill

    Editor Notes: " The bill isn't enshrined in law yet, however. Once passed by both chambers, the bill will then be sent to Governor Pat McCrory for consideration. When signed into law,  the state of North Carolina intends to charge $1,500 to apply for a money...

    Siemens to Invest in Blockchain Startups

    Editor Notes: "Siemens  announced today that it would spend 1.1 billion dollars over a five-year period, focus on areas related to blockchain, artificial intelligence and next-generation propulsion systems for smaller aircraft, as well as "decentralized...

    The Inventor of the Merkle Tree Wants DAOs to Rule the World

    Editor Notes: According to Merlke, he would expect those who are more classically trained in the realities of the political system, will be very interested in how to use these new tools and that in fact the best route forward is to get both the technical people and...

    Time for Russia ‘To Ban Bans’ Says Putin Business Advisor

    Editor Notes: "Russian president Vladimir Putin’s business advisor has said the country should 'become the world leader in the Blockchain space.'"   By William Suberg Putin’s Advisor: ‘Time to Ban Bans’ Speaking to news resource Znak, Boris Titov, who also leads the...

    IBM Unveiling Blockchain Services and Strategy

    Editor Notes: "Weeks of public statements on blockchain tech culminated yesterday with IBM unveiling a comprehensive strategy that found the IT giant diving deep for the first time into how it will seek to deliver business solutions based on the emerging technology."...

    Why Bitcoin Block Space is like Starbucks Coffee

    Editor Notes: "Block space is like coffee in that it is a consumer good. When consumers buy coffee, they are expressing their desire for this consumer good. When Bitcoin users pay transaction fees for inclusion in a block,  they are expressing their desire for the...

    Why Focusing on Cryptocurrency Customer Experience Matters

    Editor Notes: "Hagelstrom looks at how bitcoin can grow to mass adoption in a market full of digital payments systems run by tech and finance giants. While the choices are varied, one thing the industry needs is focus, he says." By Martin Hagelstrom There is a very...

    How Should We Prepare Smart Contracts to Replace Law Firms?

    Editor Notes:  "With the recent attack on the Ethereum DAO, it raises the question of how much technical knowledge do individuals and organizations need to know before applying smart contracts to their businesses?" By Jamie Redman Recently, an article from the...

    Unconfirmed Transactions, Support & Open Dialogue

    Editor Notes: "Lately, there have been issues with unconfirmed transactions in the Bitcoin world. One experience I had dealing with this problem was on February 29th as I waited three days for a large sum transaction to confirm. This is the longest I’ve had to wait...

    Reggie Middleton: ‘The Problem is Not Brexit. It’s the Euro’

    Editor Notes: "Bitcoin.com caught up with the founder of Veritaseum Reggie Middleton, who shared his thoughts on the higher bitcoin price, The DAO’s proposed fork “bailout,” and why the Euro is doomed following Brexit." Allen Scott Middleton is known for making...

    Vinny Lingham Explains – How the 1% Buy Bitcoin

    Editor Notes: "Given that the Brexit is still fresh in our minds — the big question of “how will the global financial elite diversify their assets” is one that every money manager and their clients are discussing this weekend. Great timing for a Bitcoin post!"  ...

    Help – Understanding Ethereum

    Editor Notes: "Jacob Eliosoff is a computer programmer who has also worked as a Wall Street quant and as a teacher. These days he runs Calibrated Markets LLC, a cryptocurrency algorithmic trading firm.  Eliosoff takes on the difficult task of explaining...

    Understanding The DAO Hack for Journalists

    Editor Notes: David Siegel author of this article is a blockchain strategist and speaker, founder of Kryptodesign.com and curator of DecentralStation.com, a place to learn about blockchain.  By David Siege The basics The ethereum network is a network of computers all...

    Centralized Data Leak Exposes 154 Million Voter Records

    Editor Notes: "A large voter database leak, uncovered by white hat hacker Chris Vickery, recently exposed 154 voter records. The records included sensitive data about these voters including gun ownership information and even preferences on certain issues like gay...

    Brexit Reality Opens India’s Reserve Bank To Considers Blockchain

    Editor Notes: "Central bankers everywhere are looking wide-eyed at the underlying technology that powers the cryptocurrency Bitcoin. Now with the economic uncertainty brought on by the reality of Brexit, the Reserve Bank of India is preparing by studying blockchain...

    Brexit Effect on UK Bitcoin Taxation & Exchanges

    Editor Notes: "While traditional markets are reeling from Brexit, how much of an impact will it have on the Bitcoin industry, such as UK Bitcoin exchanges, who may face new regulatory guidelines when dealing with EU customers? Moreover, how will this historic vote...

    Dutch Central Bank Results of Cryptocurrency Experiments

    Editor Notes: "A senior official for the central bank of The Netherlands has presented the results of two cryptocurrency tests designed to explore how bitcoin’s blockchain might be adopted by national banking institutions." TBy Michael del Castillo he experiments by...

    Ex-Ethereum CEO | They Should Not Intervene to Save This DAO

    Editor Notes: "I think they're trying to patch up the side of the Titanic." "So says Charles Hoskinson, the former CEO of the ethereum project when asked about the ongoing crisis surrounding The DAO, the ethereum-based funding vehicle that collapsed last week after a...

    Blockchain Capital Markets Investment Tops $1 Billion This Year

    Editor Notes: "A new survey from Greenwich Associates estimates that finance and technology companies will invest over a $1bn in blockchain initiatives related to capital markets in 2016."   By Stan Higgins Greenwich drew on a survey of 134 employees from banks,...

    Bitcoin Price Moves As Outlook Shifts for ‘Brexit’ $650

    Editor Notes: "Though there were suggestions the volatility could be tied to any number of recent indicators, at press time, ongoing macroeconomic concerns in Europe seem to be the most influential factor, as the price of bitcoin began to rise amid reports that the UK...

    Blockchain Can’t Code Away Social Problems

    Editor Notes: "Everyone loves The DAO. They couldn’t say enough about how it was going to change the future for the better. And now, after the code-based crowdfunding platform was exploited with a perpetrator taking 3.6 million ether (valued at $60m at the time)." Its...

    Elon Musk Is Squaring Off Against China for the Future of Tesla

    Editor Notes: "How important are metals to Tesla? Just check out the names of some conference rooms at its new $5 billion gigafactory in Nevada: Lithium, Nickel, Cobalt, Aluminum. They’re used to make lithium ion batteries, and Chief Executive Officer Elon Musk needs...

    Regulators On Oversight For Bitcoin and Distributed Ledgers

    Editor Notes: "A major financial oversight body within the US government created in the wake of the financial crisis has identified bitcoin and distributed ledger systems in general as a potential systemic risk." By Stan Higgins   The Financial Stability...

    Round 2 | Hacker Escalates With Counter-Attack To DAO Ethereum

    Editor Notes: "The heightened uncertainty follows actions taken by a group of ethereum developers, who launched a "Robin Hood" effort to gain control of the funds yesterday. The effort was said to be aimed at safeguarding The DAO’s ether holdings following a new...

    Cornell Professor Calls for ‘DAO 2.0’ Movement

    Editor Notes: "The Cornell computer scientist who helped identify vulnerabilities in The DAO revealed 10 new exploits in its code at an event in New York." By Michael del Castillo The statements from Emin Gün Sirer, a longstanding critic of the project, come amid...

    Coinbase adds support for PayPal and Credit Cards

      Editor Notes: "One of the objectives at Coinbase is to add as many funding mechanisms as possible to make exchanging digital currency easy. As a step in that direction, Coinbase now accepts PayPal (for bitcoin sells) and credit cards (for bitcoin buys)." Thousands...

    What Ethereum’s DAO Disaster Means for Bitcoin Development

    Editor Notes: "Up until the point when The DAO collapsed, it was a symbol of the explosion of innovation that the ethereum blockchain had enabled.  While the consumer-facing apps built on the bitcoin blockchain have been largely limited to various wallets, exchanges...

    Ripple On The Move With Financial Institutions as Tech Partners

    Editor Notes: "Announced today, ATB Financial, the Canadian Imperial Bank of Commerce (CIBC), National Bank of Abu Dhabi (NBAD), Reisebank, Santander, UniCredit and UBS have all revealed that they are using the technology, though Ripple said the specific use cases...

    Hyperledger Projects Maintains Strong Momentum with New Members

    Editor Notes: "The Hyperledger project is an open source collaborative effort created to advance blockchain technology by addressing important features for a cross-industry open standard for distributed ledgers. It is a global collaboration including leaders in...

    Skype Creator Will Use the Blockchain for ‘World Problems’

    Editor Notes: " Skype creator Jaan Tallinn has announced he will use the blockchain to create “co-ordination mechanisms” for world problems in a new enterprise." By William Suberg Skype Creator Sees Bigger Picture Tallinn, whose pioneering P2P calling service was...

    Malaysian Remittance Embraces Hybrid Dragonfly Fintech Blockchain

    Editor Notes: "Blockchain technology will be making its way to Malaysian wholesale and remittance company Metro Money Exchange shortly. The licensed enterprise signed a deal with Dragonfly Fintech to use the New Economy Movement’s blockchain technology." By...

    Bank of England Exploring FinTech Security & Payment System

    Editor Notes: "Mark Carney, the governor of the Bank of England, set out his remarks on FinTech and the consequences that it could have on managing the economy and financial stability. The move will include the launching of a FinTech Accelerator, which will work in...

    What We Can Learn From The DAO

    Editor Notes: This article is written by William Mougayar, author of "The Business Blockchain", and a board Advisor to the Ethereum Foundation, the non-profit that oversees the protocol's development. By William Mougayar I have been asked about "The DAO” numerous...

    New Bitcoin Foundation Director

    Editor Notes: "The Bitcoin Foundation has “unanimously” voted for Llew Claasen to be its new Executive Director, replacing the incumbent Bruce Fenton."   By William Suberg Foundation ‘In a Great Position’ Llew ClaasenClaasen’s appointment was agreed at a vote June 14,...

    Ethereum Miners Back Buterin’s Soft Fork

    Editor Notes: "Ethereum (ETH) miners have currently voted in favor of Vitalik Buterin’s soft fork following the attack on The DAO (DAO) and associated devaluation of both assets." By William Suberg Soft Fork: Miners Respond The ETH creator’s rescue plan, details of...

    The DAO to Fork or Exploit The Attacker?

    Editor Notes: There has been a lot of focus on what has been happening to The DAO. But it looks like the Slock.it team is planning a counter-attack. A plan of action is on the table as this situation needs to be addressed sooner rather than later. By Jean-Pierre...

    Recession on the Horizon: What Will a Downturn Mean for Bitcoin?

    www.DaoDaily.News Editor Notes:Many experts believe that the US economy is headed into a recession, and that recession will almost certainly become a pressing issue for whoever the next president is (likely Trump or Clinton). Recession on the Horizon: What Will a...

    Security Expert | NATO ‘Cannot Mitigate Cyber-Attack’

    Editor Notes: NATO has announced that now cyber-attacks would trigger a collective response from all its members is drawing criticism from the security sphere"   By William Suberg NATO Respons to ‘Changing Tactics’ The news was shared by NATO secretary general Jens...

    Blockchain Is The Next Line Of Defense For Cyber Security

    Editor Notes: "Cyber security is a growing concern among individual users and enterprises these days. State-sponsored hacking attempts are becoming more common, and there seems to be no improvement in sight. Blockchain technology could alleviate a lot of concerns, due...

    Bitcoin And Brexit Vote Looms

    Editor Notes: "The much-anticipated Brexit vote will be held this Thursday, June 23rd, with polls showing an almost equal amount of people in favor of remaining as there are people in favor of leaving the EU. This has created an environment of uncertainty, leading...

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