'Instead of Using KYC, We Prefer to Use Our Own Model: TYC (Trust Your Customer)’ - Bitcoin-Wave CCO, G. Heni
G. Heni is Chief Communication Officer at the newly launched French Bitcoin exchange Bitcoin-Wave. In an interview with CoinTelegraph, the executive shares his company incentives and motivations, and discusses its future plans, as building the largest Bitcoin e-commerce platform in the world, while offering a full package for traders, made of in-house applications only. CoinTelegraph: Bitcoin-Wave is new Bitcoin exchange 100% made in France. What is the story behind Bitcoin-Wave? G. Heni: The Bitcoin-Wave website was launched on October 21, 2014, so the site itself is very young still.....
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The artist is accepting payments in currencies that will last longer than a shark in formaldehyde. Yet another fine art institution is jumping on the crypto bandwagon. British artist Damien Hirst and printmaker HENI Leviathan announced Thursday the release of a print run of eight Hirst paintings, which will be available for purchase with the cryptocurrencies Bitcoin (BTC) and Ether (ETH). According to the announcement, “For the first time, both HENI Leviathan and the artist Damien Hirst will be accepting Cryptocurrency for payment of editions, payments can be made by either Bitcoin or....
Three weeks ago, Tyler and Cameron Winklevoss announced the formation of a new trust, Bitcoin Water Trust. A trust whose aim is to bring drinkable water to people who do not have access to it. The Winklevoss twins announced the launch of the trust in Miami earlier this year. The unique model for the trust […]
When discussing consensus mechanisms for different cryptocurrencies, one issue that often causes arguments is a lack of understanding (and definition) of the security model that they provide for the historical data in the ledger. While each consensus model aims to prevent various theoretical attacks, it’s important to understand the goals for the model. Every security model has two main parts: assumptions and guarantees. If the assumptions used as inputs hold true, then so should the guarantees that are output by the model. Let’s dig into the security model that appears to be offered to....
Banks know Blockchain is a threat to the linchpin of their economics: the customer relationship, and the $1.7 trillion they made in 2014 from global payments revenue which is a massive 40% of their annual profits. Historically the banking industry has provided three main services: financing, investment and transactions. And now they seem to dismiss Bitcoin publicly and highlight the distributed ledger or Blockchain. Do we really need a middleman? The customer relationship is the glue that binds the banking institutions together and keeps this type of profit rolling in. Although after....
Bitcoin in Pieces? What percentage of the UK population want to use bitcoins? If they do not, why not? What is the breakdown? A new survey commissioned by Venda suggests that the majority of people surveyed do not understand it, do not trust it and would prefer not to have to use it. Eric Abensur, writing in New Media Knowledge, reports that71% of UK consumers would prefer not to have the option of using bitcoins when shopping online. This is in contrast to a recent report that found that Global transactions of Bitcoin have increased ten fold over the last year to reach an average figure....