Coins.

Barbados Bitten

The Barbadian dollar is the most recent currency to join the blockchain family. Bitt is a Barbados based remittance channel, digital-asset exchange and merchant-processing gateway that launched last year. Founded in 2013, Bitt has expanded into the world of cryptocurrency and is a frontrunner in the Caribbean’s cryptocurrency ecosystem. Bitt’s founders, Gabriel Abed and Oliver Gale, told news sources that …

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Japan Considers Regulation of Digital Currencies

Japan has had some experience with digital currencies and Bitcoin in particular, and it hasn’t all been good. Japanese regulators presided over one of the worst meltdowns of a digital exchange since Bitcoin was introduced. Mt. Gox, a Bitcoin exchange, declared bankruptcy and its CEO was arrested after hackers stole 850,000 coins worth $500 million. The ongoing story shows that …

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Buy Your Autoparts With Bitcoin

Those who have been using Bitcoin since the early days know how frustrating it was to have this great currency instrument only to discover that it was very difficult to find businesses that would let you pay for their goods and services with it. In fact, you had a hard just trying to explain what it was. So you found …

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CFTC Action Declares Bitcoin a Commodity

In September of 2015, the U.S. Commodity Futures Exchange Commission, shut down San Francisco based Coinflip which was doing business as Derivabit. The reason given was basically that Coinflip was not registered as a trading platform, and it was caught selling commodity options. Up until this action, Bitcoins were not considered a commodity, by anyone. It was simply a digital …

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Big Blue Jumps in Blockchain Game

Not to be outdone, IBM has joined the fray of the financial sector in their quest to tame blockchain processing to transform the way they do business. IBM teamed up with the Japan Exchange Group (JPX) to conduct proof-of-concept tests using markets with low transaction volume. The tests will use technology developed by Linux’s Hyperledger Project, which will establish an …