Tag Index  /  Showing 1 - 18 of 18 results for “Bitcoin”

Finance Security & Privacy

Talking with Tezos Co-Creator Kathleen Breitman

Kathleen Breitman is person of the hour. Her company developed Tezos, a new blockchain-based cryptocurrency whose ongoing fundraising has raised over $200 million since July 1. We talked to her about why she thinks this is the way to make a better internet, and a better world.   More

Analytics & Data Finance Security & Privacy

The Fin-ternet of Things: Connecting Everything Means Rethinking Money

The coming world of the Internet of Everything means driverless cars making per-minute toll payments, lightbulbs that pick an energy vendor, IP royalties paid by devices themselves in real time, and investment decisions made by robo-advisors. This more efficient world will mean changes for banks, investment, and the way all of us live.   More

Managing Security & Privacy

Why Blockchains are For Every Company

The advent of the blockchain is much like the arrival of the Web. It will disrupt technology, society and business. What is today in a database will tomorrow be in a blockchain. Leaders who want to take advantage of this breakthrough need to understand several key points.   More

Techonomy Events Video

The Modernization of Currency

Crypto currencies like Bitcoin, Litecoin, Peercoin and Ripple generate ever more enthusiasm. Blockchain is said to pose the potential of platforms for nearly all data. Will central banks be able to reassert control? Will a digital fiat currency, backed and minted by those banks, be the future of digital money? (In association with Omidyar Network)   More

Finance Government Society

Accelerating Financial Inclusion with National Digital Currencies

Central banks from England to China have floated the notion of issuing their own national digital currencies. The banks may issue digital currency units alongside notes and coins and adjust the mix over time. If they do, it could accelerate and help scale a wave of service innovations that advance financial inclusion, stimulate economic growth, and spur social progress.   More

Finance

The Key to Blockchain Adoption: Make It Cheaper

Blockchain—the technology behind (or interwoven with) BitCoin—is the main story. The "cryptocurrency" is almost a distraction, a sideshow to the real deal. Blockchain is a public ledger, a record against which anyone can see whether a transaction contained therein is valid. The applications may be mind-boggling.   More

E-Commerce Finance Techonomy Events

Why Everybody Cares About the Blockchain

The blockchain is a key part of the system that underlies recordkeeping and transactions for Bitcoin, the virtual currency. But there are much bigger opportunities ahead for this decentralized recordkeeping system. In a session called “Why Everybody Cares About the Blockchain” at the inaugural Techonomy Policy conference earlier this month, panelists emphasized repeatedly that the database holds tremendous promise for an array of uses in banking, conflict tracking, and voting, among other things. It was a wide-ranging discussion, reflecting the vast possibilities proponents see for this contemporary technology. "Wouldn’t it be awesome if we had one universal ledger that we could use for everything and that was accessible to everybody?" said Jerry Brito, executive director of Coin Center. "Well, that is what the blockchain is. It’s a decentralized and open ledger."   More

E-Commerce Finance

In Pursuit of Crypto 2.0: The Coming Era of the Blockchain

What should we make of Bitcoin (BTC) and other cryptocurrencies these days? The world’s preeminent cryptocurrency ended 2013 riding high, with supporters proclaiming that it was destined to revolutionize the global financial system. But 2014 turned into a roller coaster ride, prompting some watchers to question both BTC’s market maturity and overall potential. Last year, BTC experienced a 67 percent drop in value ($951.39 to $309.87). That prompted many articles that reflected poorly on the industry, such as by focusing on the Mt. Gox collapse. But despite the setbacks, many cryptocurrency advocates remain bullish about BTC’s future, and their optimism should not be quickly dismissed.   More

Keen On Startup Culture

KeenON: Venture Capitalist and Higher Ed Entrepreneur Tim Draper

With his trademark aplomb, the storied venture capitalist Tim Draper is revolutionizing higher education. His new Draper University of Heroes, a Silicon Valley-based startup college, is turning traditional education on its head. Instead of history, students learn the future. Instead of conventional economics, they learn about Bitcoin. And instead of success, they are taught how to fail.   More

E-Commerce Global Tech

Bitcoin Momentum Grows in Emerging Markets

Bitcoin is gradually making progress as a medium of exchange in developing countries. While it can be volatile as an investment asset, it has real utility as an instrument for payment and money transfer, especially in places where conventional payment systems are immature. Because Bitcoin facilitates instant payment through peer-to-peer technology, most transactions can be completed in less than 10 minutes no matter how distant the two parties are. In addition, each transaction is recorded in a public ledger, enhancing transparency and trustworthiness.   More

Global Tech Government

Paranoia Muddies Media’s View of Bitcoin’s Potential

European financial regulators just took a positive step to engage directly with the disruptive effects of the growing cryptocurrency ecosystem, but you might not have realized that. The European Banking Authority (EBA) watchdog agency issued a report on Friday, July 11, titled “Opinion on ‘virtual currencies’.” It then received a great deal of media attention – most of it negative.   More

E-Commerce Finance

Does Bitcoin Foreshadow a Decentralized World?

Will we one day be able to trade stocks without a brokerage or pay for goods with a currency that has no central issuer? With Bitcoin, people can now do the latter. In the future, they may also be able to do the former, and much more, in a world where applications are open-source, commonly controlled, and operated without middlemen. This is the disruptive power of the blockchain, a revolutionary piece of software that can defy convention.   More

E-Commerce Finance

Bitcoin Backers Work to Make It Mainstream

When Bitcoin emerged five years ago, it was the payment system many geeks and enthusiasts had dreamed of: an international, decentralized, anonymous, and transparent virtual currency that could potentially replace inefficient traditional ones. But even though Bitcoin remains very far from mainstream adoption, a new chapter just possibly may be dawning for the controversial currency. Up until now, the cryptocurrency has been way too complex for most people to comprehend (feel free to explain to your family concepts like "blockchain," "exchanges," and "mining"). It has been tied to illegal activity. The prominent Japan-based Bitcoin exchange called Mt. Gox notoriously imploded, destroying many traders' holdings. Perhaps worst of all, its value spikes and plummets regularly.   More

E-Commerce Finance

Does Bitcoin Bite, Bark, or Bumble?

Of all the surprises and gifts tumbling tumultuously from the world's startups and programmers, none are more daunting to the casual observer than Bitcoin. What is it, really? Should I buy some? What would that mean? Where would it be? Why are so many smart people doing so, and creating companies to help others do that? What problems does it solve? For one thing, a transnational currency that can be traded without intermediaries has appeal. But while we can say that confidently, it's not even clear Bitcoin fits that definition. Now at least a thorough examination of the phenomenon has emerged from Goldman Sachs. The company has great incentive to get its analysis of Bitcoin right, so when it says this is not really a currency, we should take note.   More

Business Finance

Cash Is Trash: The Future of Mobile Payment

Just as the magnetic strip revolutionized payment by plastic credit card, near-field communication and other fast-evolving technologies will facilitate the move to payment using mobile technologies. NFC chips inside most mobile phones can transmit banking and payment data when placed near readers. Unlike a debit card, a mobile phone can display interactive payment details. And, instead of the credit card application process of filling out paperwork and waiting for the mail, using a mobile phone to pay requires only the download of an app and linking to bank details. PayPal president, David Marcus, calls it Money 3.0.   More

Finance

Kirkpatrick: Bitcoin Matters Because It Is Transnational, Nongovernmental

Bitcoin is booming. Backed by Washington and such business and Wall Street heavyweights as Virgin founder Richard Branson and Bank of America strategist David Woo, the virtual currency has emerged as a financial phenomenon, trending in news from Argentina to Zimbabwe. Many buyers and banks, however, remain skeptical of Bitcoin’s viability and worriedly point to its extreme volatility and connection with illegal sales and money laundering. Techonomy’s David Kirkpatrick, also a contributing editor at Bloomberg, appeared on Bloomberg Surveillance on Monday to talk Bitcoin with Bloomberg reporter Matt Miller.   More

Finance

Bitcoin: Bubble? Maybe. The Wave of the Future? Definitely.

Bitcoin. The world’s newest and hottest virtual currency. It has become the story du jour for a financial media hungry for stories, and its sudden surge in recent weeks, going from a price of less than $200 barely a month ago to $1,200 last week, certainly attracted attention. And of course, rarely do things gain so much so fast without a concomitant fall. A virtual currency only invented in 2009, with a limited number of units in circulation that sees its value quintuple in a matter of days to command a total market of more than $10 billion simply begs for the word “bubble.” But is it? Here’s where everyone has an opinion.   More

E-Commerce Security & Privacy

The Hidden Secrets of the Deep Web

Early this month, U.S. officials seized and shut down a hidden but sprawling online marketplace called Silk Road, known as the eBay of illegal goods and services. More than 1.2 million transactions had been completed on the site, earning its owner some $80 million in commissions. How did a site that allegedly allowed users to buy illicit drugs, deal black market weapons, and even hire hit men stay above water long enough to handle that much revenue over its two-and-a-half years of operation? The answer lies in what’s called the “Deep Web” or the “Dark Web”—hidden corners of the Internet that can’t be reached by Google and require connecting to an anonymous network called TOR that was originally developed by the U.S. Navy.   More