SpaceBit To Build Cryptocurrency Bank in Space
A new start-up company called SpaceBit has announced plans to launch a satellite, carrying a 'Space Vault' into orbit around the earth. This vault will form the basis for a new cryptocurrency bank aptly named 'Space Bank', which is being described as 'the world's first satellite banking platform'. According to an official press release the futuristic new banking service will cater to users of both Bitcoin and Ven (a digital currency used by the social network and publishing platform Hub Culture). The whole idea of a banking service based in space conjures up thoughts of the ultimate tax....
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I recently had a chance to sit down and speak with Pavlo Tanasyuk, the man behind SpaceBIT, the first decentralized space company. SpaceBIT is a very ambitious project being run by an accomplished team. The SpaceBIT team consists of professionals from around the globe, from myriad industries, rather than just Bitcoin professionals. They know and understand that the blockchain is the real innovation and plan on using it and building on top of it. Their first mission they are announcing is Space Vault. Space Vault is a very interesting concept: having a decentralized vault in space that....
In the world of cryptocurrency, countless new projects pop up every day. While a lot of them look strong, and even experience success, many others end up going nowhere. In fact, a lot of these projects end up being outright failures. The worst of these failures start out with promising futures, generating a lot of hype and raising large amounts of starting capital. Then, they flop. They either quietly fade into the sea of failed crypto projects, or crash spectacularly in a blaze of public drama. The following list shows the biggest of these failures, the most hyped projects that couldn’t....
When people think of traditional banking, they often think of the building down the street full of tellers taking money into a vault. It’s associated specifically with traditional national currency and has been that way for years. But what if someone decided to take a more science fiction take on the idea of banking? Something associated with a futuristic utopia or even one of the Futurama television series? To SpaceBIT founders Pavlo Tanasyuk and Ian Angell, the invention of crypto-currency opened up opportunities that people one never thought were possible.
From cryptocurrency to space. That’s how technology evolves these days. And this billionaire is surely not just taking a shot at the moon. The co-founder of Ripple is currently recruiting a team of engineers and business executives to explore an entirely new sector of space. Jed McCaleb, a pioneer in crypto and blockchain technology and […]
The Bank of America has revealed it has up to 15 patents filed in the blockchain space, and intends to file 20 more before the end of the month. It seems that every day we get news that a leading financial organization is getting involved in the bitcoin and blockchain space. Last week it was the Australian Securities Exchange; the week before that it was the Chinese government; yesterday, Greg Medcraft, the head of the International Organization of Securities Commissions (Iosco), weighed in on blockchain adoption. Today, the trend continues. We’ve just learnt that the Bank of America....