Bitcoin Bet Grows Bigger: The Blockchain Group Snaps Up 580 BTC

A core issue of Bitcoin’s scalability debate centers around blockchain network strength and continued decentralization as the digital currency’s user base continues to grow. Disclaimer: This article was provided by the Vanbex Group. Bitcoinist is not affiliated with the firms represented by the Vanbex Group and is not responsible for their products and/or services. Critics wonder if the network will ever be able to handle the workload that would be created by mainstream usage. One faction of the Bitcoin community, led by Bitcoin developer Gavin Andresen, wants to fork the protocol with a....

The Chamber of Digital Commerce gets three more high-profile member companies in the form of Accenture, CME Group, and TMX Group. The use of blockchain technology across various industry segments can’t be contested. The shared interest among companies to explore the use of cryptocurrency technology has led to the creation of the Chamber of Digital Commerce. It is currently the leading blockchain trade association which just became bigger following the inclusion of Accenture as one of the members. Other companies that gained entry into the Chamber of Digital Commerce alongside Accenture....

Want to catch up on digital currency news? This week, an accidental transaction landed a bitcoin miner a hefty sum of coins, and Barry Silbert’s Digital Currency Group got even bigger. Take a look and see what you’ve been missing. BITCOIN ERROR = MASSIVE FUNDS! Imagine that you’re expecting a minor payment from a friend or colleague. Nothing big, maybe a few dollars or so. Just a little something to help keep you afloat… They decide to pay you in bitcoin, so you sit, staring at your account, expecting the amount to come through at any moment, and when it arrives, you begin to sweat. Your....

Two large corporate entities are pouring big money in cryptocurrencies, and the corporate surge into Bitcoin doesn’t appear to be slowing down. With its bold 1 billion yen ($6.7 million) Bitcoin acquisition, Japanese game producer Gumi is creating waves. Meanwhile, KULR Technology Group is also growing its already considerable cryptocurrency holdings. Related Reading: Bitcoin Sentiment Hits […]

An innovation effort launched earlier this year by a transaction banking trade group has set its sights squarely on blockchain technology. Announced in September 2015, the Bankers Association of Finance and Trade (BAFT) Innovation Council was originally tasked to develop educational resources for a wide range of tools applicable to transaction banking, including but not limited to blockchain. But after BAFT, a subsidiary of the American Bankers Association that is focused on cooperation among correspondent banks, hired two new people earlier this year to help manage the innovation effort,....