Weekend Roundup: Price of BIT Surges, BitFinance Integrates Accelerator Program, Blocknet to Add Ethereum
Grayscale Investment’s Bitcoin Investment Trust (BIT) began trading in May with the ticker GBTC. Over the last few days, the price of BIT surged, and at one point traded at US$133.70 per share. SpectroCoin has integrated with mobile payment network Worapay, to allow users in Latvia, Lithuania and Estonia to pay with bitcoins at Lukoil gas stations. Blocknet will be adding Ethereum onto its inter-blockchain network. Ethereum will bring its decentralized apps and smart contract features to the inter-blockchain network, along with its cryptocurrency, Ether. "A share of GBTC is equivalent to....
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Zimbabwean bitcoin startup BitFinance has announced a new investment from angel investor Taurai Chinyamakobvu, according to Techzim, a technology news site in Zimbabwe. BitFinance will use the funds to expand its service and improve the user experience on BitcoinFundi, the bitcoin exchange used by third-party subscribers to hold and trade bitcoin with other subscribers. BitFinance touts BitcoinFundi as Africa’s leading bitcoin exchange. Startup Joined Savannah Fund Accelerator. Tawanda Kembo and Verengai Mabika launched the startup in 2014. It gained visibility across Africa in 2015 when....
This article was updated at 11:20am EST to include a quote from Ethereum's Business and Partnerships Director, George Hallam and was updated at 11:54am to indicate that Blocknet's decentralized exchange is planning to launch in alpha form, not its full release. In a surprise announcement and CoinTelegraph exclusive, the Blocknet will be adding Ethereum onto its inter-blockchain network. Ethereum will be bringing its powerful decentralized apps and smart contract features to the inter-blockchain network, along with Ethereum's cryptocurrency, Ether, once the genesis block launches.....
A few projects are working to get the various blockchains out there to talk among one another, and XCurrency unveiled the details of its own project Monday, Ian DeMartino reported. On Monday, Diana Ngo reported on some big developments from China’s cryptocurrency mining industry. We are combining these two stories because they are examples of a larger trend: Capital is pouring into payment platforms right now. “Every time a coin joins BlockNet, every other coin in the network can use its features. Ideally, this means that the isolated laboratories that altcoins currently serve as can now....
As security of cryptocurrency exchanges is being increasingly questioned in the wake of the recent Bitfinex hack, the developers at Blocknet are calling for an exodus to leave centralized exchanges behind. ‘It’s Time to Remedy the Problem’ – Blocknet. This year there has been quite a few breaches of cryptocurrency exchanges. Platforms such as Gatecoin,....
It remains to be seen if Bitcoin can become a competitive payment solution in Zimbabwe, though. Investments in Bitcoin and cryptocurrency companies continue to peak as of late. BitFinance, a startup located in Zimbabwe, secured a new round of investment earlier this week. With the new funds, the company aims to boost cryptocurrency awareness and grow its customer base. It appears Bitcoin is getting more popular in Zimbabwe and other African countries. The name BitFinance may not ring a bell for most Bitcoin enthusiasts, but the company is quite successful in Zimbabwe. Their service is....