Coinapult and Factom in Deal to Improve Financial Processes
Factom announces collaboration with Coinapult, and plans crowd-sale for end of March 2015. Bitcoin wallet service provider Coinapult and Factom, a blockchain applications provider, have announced collaboration plans that they hope will develop the state of applied blockchain technology. Coinapult, which also provides brokerage services that lets users lock their balances to fiat currencies and stable assets, will team up with Factom, which provides blockchain applications in database management and record-keeping. CCN sought to find out what these exciting developments will mean to both....
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Coinapult announced that they have had their hot bitcoin wallet compromised. The amount of BTC they said is 150 coins. The hack comes on the heels of their deal with Factom. Bitcoinist covered the news on their deal. From the article about their working with Factom. Coinapult CEO, Ira Miller, had the following to say: Coinapult melds trustless, blockchain-based tokens like Bitcoin with familiar assets like US dollars. These are notoriously different and incompatible. Factom allows us to bridge the gap by digitally tagging and verifying centralized assets. Factom lets Locks act more like a....
The year 2015 has been great for Bitcoin and blockchain technology. In fact, some of the best real-world adoption use cases for blockchain technology came in the form of Factom securing a land registry deal with the government of Honduras. Or that is what everyone was led to believe at last, as it turns out the project is nowhere near being finished, nor is there an official deal between both parties as of right now. According to a recent document that appeared online, there seems to be some confusion regarding Factom’s deal with the Honduran government. Based on earlier reports –....
Online Bitcoin account provider Coinapult has completely restored its services which were shut down following a hot wallet attack which resulted in a loss of 150BTC worth roughly $43,000 on March 17. The Bitcoin firm announced this development via its official blog. The company declared that, "Today we are happy to announce the full restoration of Coinapult services. Users can now deposit BTC and Lock in addition to withdrawing and Unlocking." Following the attack, Coinapult had warned against sending Bitcoins to Coinapult addresses which included Lock addresses as well. Even though the....
Peter Kirby, CEO of Factom, posted a small blog update a few hours ago regarding the Honduras Title Project. In this post, it was mentioned how certain misconceptions regarding the project needed to be cleared up, such as the stalling of the project itself. Even though the team remains optimistic the deal with the Honduran government will come to fruition, it will not take place this year. As we mentioned in yesterday’s article, there were some incorrect statements circulating on the Internet regarding the current status of the Honduras Title Project and Factom. Certain factors regarding....
Coinapult, the service that allows users to lock in the value of their Bitcoin by storing them with it, announced today that it is going to be coming back to the US market. Coinapult will no longer be handling the fiat side of its business, instead handing over this side of its operation to Crypto Capital, Inc., a company which is licensed to do business in the United States among other places. An additional side effect of this integration will be that the present limits will be lifted for customers who are verified by Crypto Capital. Coinapult was founded by Erik Vorhees and Ira Miller in....