Halsey Minor's Bitreserve Is Designed To Fix Bitcoin Volatility, But It Is Doing Much More
When I started writing for CoinTelegraph, Bitcoin was around $800. With my modest lifestyle and three roommates, that was enough for roughly six weeks worth of rent. Today, one Bitcoin wouldn't cover one month's rent. Luckily for me, CoinTelegraph pays in Bitcoin but bases the amount on its current USD value, but still, if it wasn't already obviously apparent to me, I would have quickly learned that Bitcoin was not a safe place to hold money that might be needed for rent or bills. Writing, contrary to what some may believe, is not a lucrative career. Sure, some people get wealth and....
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Following the pre-announcement of last week, Bitreserve is now open for business with real-time transparency data. Also read: Bitcoin Reserve "BitReserve" Banks To Open its Vaults Soon. Bitreserve Founder and CEO Halsey Minor says: "Today we are thrilled to announce we have fully launched Bitreserve and are now accessible to the public." Halsey Minor also founded CNET in 1993. In 2008, he sold that company to CBS for $1.8 billion and became an investor. Bitreserve is a next-generation financial service, which shields users from bitcoin volatility by enabling them to hold Bitcoin as the....
Bitreserve will be opening its new bank-like wallet and payments platform to some beta users next week. The brainchild of Halsey Minor, who also founded CNET, Bitreserve is a low-cost bitcoin and fiat currency payments platform, aimed at consumers, where holdings in bitcoin can easily be exchanged and held in one of several fiat currencies. The service will allow fiat-to-fiat transfers at zero cost between individual members, and a forthcoming API is expected to be integrated with payment processors. To boost user confidence, Minor says transparency has been made a priority, with....
Halsey Minor, founder of CNET, today announced the launch of a new bitcoin venture called Bitreserve, a platform that aims to provide real-time transparency and address bitcoin volatility, transaction traceability, and proof of solvency. The idea: Allow members of the service to hold bitcoin denominated as real-world currency. "Bitcoin is a remarkable innovation, created and supported by lots of very smart people," said Minor, who also happens to be the second largest shareholder in salesforce.com. "Bitreserve is built on top of the bitcoin network, allowing members to convert bitcoin into....
Bitreserve has announced a change of leadership, one that sees its chief operating officer and president Anthony Watson taking on the role of CEO. Watson, who previous served as CIO for Nike, follows founder Halsey Minor in the CEO role. Minor will stay on as a board member and "chief visionary" with a focus on long-term product planning. In the announcement post, Minor wrote that Tim Parsa - who previously served as the company's CEO - has been named the company's chief compliance officer and head of regulatory affairs. Watson said that his promotion to the CEO role had been planned since....
Bitcoin bank Bitreserve, founded by CNET founder Halsey Minor in 2013, shields its customers from the volatility of bitcoin by instantly locking deposits to a fiat currency selected by the customer, for example the US dollar. If you make a deposit in bitcoin to Bitreserve, you don't have to worry about volatility, because your bitcoin can be converted to dollars on-the-fly and appear as dollars in your balance. So Bitreserve users don't lose money if the exchange rate of bitcoin goes down - if they have chosen to convert part of their holdings to, say, $1,000 USD, they will continue to....