‘Glomads’ Marriage Marks First Official Act Of Estonia E-Residency/Bitnation

A marriage between two self-described “glomads” Tuesday marked the first official act by the new Estonia e-residency/Bitnation partnership. The marriage, for better or for worse, of Edurne Lolnaz and Mayel de Borniol will not be recorded anyplace else other than on the block chain. Bitnation recently agreed to extend its notarization services to Estonia’s e-residency program. The wedding was held Dec. 1 at 3 p.m. GMT. A party is planned for June 18, 2016 on the Island of Santorini, Greece, and there is an invitation form on the couple’s website for anyone interested in attending. Wedding broadcast live The wedding […]

The post ‘Glomads’ Marriage Marks First Official Act Of Estonia E-Residency/Bitnation appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

SEC Charges Josh Garza with Securities Fraud, Alleges Bitcoin Ponzi Scheme

The United States Securities and Exchange Commission (SEC) has today charged Homero Josh Garza, founder of GAW Miners and ZenMiner with securities fraud and conducting a Ponzi scheme. According to a press release by the SEC, Garza is alleged by the SEC to carry out the fraud through his two Connecticut-based companies GAW Miners and ZenMiner by falsely claiming to produce bitcoin hashing power that GAW did not own. The complaint was filed in the U.S. District Court for the District of Connecticut today. An excerpt from the SEC charge read: In reality, GAW Miners and ZenMiner did not own […]

The post SEC Charges Josh Garza with Securities Fraud, Alleges Bitcoin Ponzi Scheme appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Bitcoin Trading: Frustrated Sell-Off

Bitcoin trading saw the bulls make a second unsuccessful attempt on the $380 and 2480 CNY level today. Frustrated, the market sold off to support at $355 and 2300 CNY. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Trading and Price Analysis Time of analysis: 14h30 UTC Bitstamp 1-Hour Chart From the analysis pages of xbt.social, earlier today: Price was sold off and found support at the level of the previous consolidation that acted as spring-board for the […]

The post Bitcoin Trading: Frustrated Sell-Off appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Video: Microsoft Ends PC-Mac War with Apple, for the Holidays

It’s officially December and the spirit of the holidays was seen in one Microsoft holiday commercial where the PC manufacturer took time to embrace Apple to spread the festive cheer.

The post Video: Microsoft Ends PC-Mac War with Apple, for the Holidays appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Telecom/BitPesa Legal Tangle Over AML Threatens Mobile Payments In Kenya

As mobile payments and cryptocurrency have made strides providing an alternative to traditional banking in Kenya, legal conflicts have emerged among mobile currency providers and Safaricom, the nation’s dominant telecom service. Kenyan legal authorities may need to clarify how anti-money laundering/know your customer (AML/KYC) and other regulations will be enforced and who will enforce them.   BitPesa, a bitcoin payments and remittance service which uses the Safaricom telecom, and Lipisha, the payment gateway for both BitPesa and M-Pesa, are suing Safaricom in Kenya, according to International Business Times. Safaricom stopped Lipisha from processing M-Pesa transactions and later reinstated it as […]

The post Telecom/BitPesa Legal Tangle Over AML Threatens Mobile Payments In Kenya appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Smartphone Habits Can Determine Credit Worthiness In Developing World

According to a report (paywall) by the Wall Street Journal, tech start-ups are revolutionizing the lending industry by finding alternative ways to judge someone's credit worthiness in the case of people who've never had a loan, credit card, or other revolving credit accounts. Instead of looking at payment histories that don't exist, the start-ups take a look at the user's cell phone habits. An app is installed on the potential borrowers phone and then authorized to collect all sorts of data from it. Branch is one of the companies involved in this. Founded by former Kiva (a microlending platform focusing […]

The post Smartphone Habits Can Determine Credit Worthiness In Developing World appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Economists Suggest Central Bank of Barbados to Hold Bitcoin Reserve

  A new working paper titled “Should Cryptocurrencies Be Included in the Portfolio of International Reserves Held by the Central Bank of Barbados” suggests the Barbadian Central Bank to hold a small portion of Bitcoin as a part of its foreign currency reserves. The paper is authored by two economists – Winston Moore and Jeremy Stephen who previous worked at the Central Bank of Barbados and currently lecture at the University of West Indies. The complete working paper can be read or downloaded here. [PDF] The paper notes that Barbados maintains a peg against the US dollar, making it necessary […]

The post Economists Suggest Central Bank of Barbados to Hold Bitcoin Reserve appeared first on CCN: Financial Bitcoin & Cryptocurrency News.