The Future of Bitcoin: Why Industry Acceptance is Promoting a Currency Shift
A number of influential industries have already dipped their proverbial toes into the cryptocurrency waters. One of the largest industries to flirt with Bitcoin in recent years is iGaming. Bitcoin or, more specifically, the blockchain technology that makes Bitcoin such an effective currency, is set to boom in 2016, according to cypherpunk Vinay Gupta. As outlined in our recent article on the subject of blockchain technology, the feeling among tech lovers and financial types is that Bitcoin investment could be set to increase markedly in the coming months. In fact, Digital Currency Group’s....
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Recent geopolitical developments have upended the ethics and self-image of crypto. What does that mean for its future? Last month, cultural critic Alison P. Davis published an article in The Cut titled “A Vibe Shift is Coming. Will Any of Us Survive It?” The “vibe shift” Davis was referring to had nothing to do with crypto. She was referring to a sea change in pop culture and social trends, particularly in view of GenZ’s ongoing ascendance into trendsetting and cultural relevance. Nevertheless, her positioning caught my eye because she aptly put her finger on something crucial that I’ve....
Washington, D.C.-based Chamber of Digital Commerce, an association focused on promoting the acceptance and use of digital assets and blockchain-based technologies announced the launch of a Global Blockchain Forum today. Speaking to Bitcoin Magazine, Perianne Boring, founder and president of the chamber said the Global Blockchain Forum is an international initiative that will coordinate efforts with leading blockchain industry trade associations around the world to establish global industry best practices and standards. Among the founding members of the forum are the U.S.-based Chamber of....
Popular bitcoin alternative DNotes is proud to announce an upcoming, 2016 venture that will spread its virtual atmosphere across the globe through integrating DNotes currency, the blockchain and a unified payment system. Company co-founder Alan Yong says that the new company is sure to strengthen DNotes' reputation and bring it closer to becoming a global, trusted cryptocurrency that the entire world can use. Speaking with DCE Brief, Yong explained why he believes digital currency is still facing rejection by the general public: "The greatest challenge facing the cryptocurrency industry is....
This week, FinCEN ( The Financial Crimes Enforcement Network) passed two rulings that provided clarification on digital currency business models that now must register with FinCEN as a money service business. These businesses are now subject to FinCEN's compliance obligations. It is also known that SEC (the Securities and Exchange Commission) has issued a large amount of action letters to companies in the digital currency sector. Many digital currency companies will need to take both proactive and reactive actions in response to the letters. Also read: SEC Sends Inquiry Letters to Hundreds....
Source: @BitGiveOrg. By now, it's no secret in the bitcoin community that the Sacramento Kings (an NBA team for those outside of the United States) has started accepting bitcoin for things like merchandise and ticket sales. But the teams wants to everyone watching their games know - not just members of the bitcoin community. An image captured by the BitGive Foundation and posted on Twitter shows an ad running during gameplay courtside touting that the Kings are "now accepting bitcoin". This sort of public promotion done before is typically an exciting thing for some members of the....