MiiCard aims to cut the time it takes to buy bitcoins
Bittylicious and btcQuick have signed up with identity proofing and verification service miiCard to cut the time it takes people to buy bitcoins. MiiCard, which stands for My Internet Identity Card, removes the need for in-person photo ID checks and allows people to register andbuy bitcoins in under 15 minutes. Currently, it typically takes a couple of days to register and become verified on a site that sells bitcoins. Users have to scan in an item of photo ID, plus a bill displaying their current address. This puts a lot of people off getting involved in the digital currency, as they....
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Perhaps you've heard of "Gyft", a service that allows consumers to purchase gift cards to popular retail locations with Bitcoin. Well another start-up is coming on the scene that aims to allow you to buy anything online with your Bitcoins. It's called SnapCard, and the San Francisco-based company says their service "works on every website". ScapCard works as a bookmarklet. The end user makes the decision to purchase a product on the web, clicks the SnapCard bookmarklet, and makes a confirmation by clicking the "Add to SnapCard" button to purchase. Hitting the "Buy" button executes on the....
We all know that bitcoin miners spend their time earning money by computing the huge number of sums that secure the bitcoin network. The problem is that this sizeable resource doesn't have any other use. It also takes a lot of energy to run. However, there are alternatives to this way of working, offering more intrinsic purpose to all that computational power. The latest one comes from a research team that wants to use a cryptocurrency network to store archival data. Say hello to permacoin. What is proof of work? Bitcoins are 'mined' using computing power, in a process known as 'proof of....
What's the Bitcoin Fund? It's an investment fund in which every share costs one bitcoin ... and Anatoliy Knyazev, managing partner at the Bitcoin Fund, and Tim Enneking, chairman of Altima Asset Management were on hand at Bitcoin 2013 on Sunday to walk attendees through how it all works. Anatoliy Knyazev, managing partner, Bitcoin Fund. Investing in Bitcoin Fund has many advantages, Knyazev asserted. First, he said, it's easier to buy shares on the exchange than it is to buy bitcoins. Second, he added, the fund holds bitcoins in a highly secure manner, with sound cryptography and three....
The first ever Kaiko report explores happenings in the Bitcoin space between December 2015 - May 2016. The report that was released in June aims to analyse Bitcoin markets and their evolution. What is clear from the findings of Kaiko is that Bitcoin trading is maturing over time. We have seen in the past months that exchanges have been able to raise interest and capital. Exchanges have also started becoming more regulated. Exchanges comparison. As Bitcoin trading becomes more mature, it is becoming increasingly important to know how Bitcoin exchanges are faring. The report states: “This....
The value of Bitcoins is down almost a third on yesterday's exchange values. Bitcoin dollar rates peaked yesterday morning at $125 per coin but this morning (UK time) are theoretically changing hands for $86. Volatility is more of a problem with Bitcoin because of the relatively long time it takes to change your money into, or out of, the currency. Bitcoin rates were relatively stable until ramping wildly, and dropping just as dramatically, in April. Exchange rates fell from $266 a coin to just over $86. Since then rates have recovered slightly but remain extremely volatile. Responsible....