News

Understanding The DAO Hack for Journalists

By David Siegel

EARLY IN THE MORNING of June 17th, 2016, an unknown person or group attacked a fund called The DAO, exploited a software vulnerability, and started draining Ether, a cryptocurrency, from the main address where it was stored. This is my attempt to help journalists understand what happened and why it’s important to get the story right.

Bitcoin’s Halving Event: Is The Bitcoin Community Ready For This?

Ethereum has been the hottest topic in digital currency for 2016, with their massive price spikes, new DApps programs, and The DAO that is changing the way the world can do business. Yet, for all that Ethereum has accomplished in less than one year on the public market, it may just be a mid-card distraction that builds up to the main event of 2016 when it comes to the future of digital currencies. Bitcoin’s Halving Event is coming in July, and it is time to see if Bitcoin ready for an economic test like it has never before in its seven-year history? Is the Bitcoin community ready for this?

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Swiss Town of Zug Welcomes Bitcoin

The small town is already known for its fast growing fintech operations, even being called “Crypto Valley” by some, with 15 fintech-oriented companies being located there. Apparently the town council has hopes Zug’s trend as a financial tech hub continues - having embraced the new identity with this legislative move.

Why Craig Wright Is Not Satoshi Nakamoto

The news that Craig Wright has come out as Satoshi Nakamoto is still making waves across the Bitcoin community.

But Cointelegraph’s Andrew Quenston doesn’t buy that, and claims to have evidence to the contrary.

When the community has learned that Craig Wright, an entrepreneur from Australia claims he was Satoshi Nakamoto, the legendary author of Bitcoin’s whitepaper and protocol, people started taking sides on the issue. Many believe the evidence provided by Wright. The claim was made stronger by Gavin Andersen, one of the core Bitcoin developers, who commented:

Global Marketplace Lender Bitbond Joins SME Finance Forum

Berlin, Germany. Bitbond, the global marketplace lender for small business loans, has joined the SME Finance Forum. Through its membership Bitbond aims to exchange knowledge with other financial institutions in the SME lending community and to help foster innovation in the space.

Bitbond provides inclusive microfinance on a global scale. Over 1,200 loans with borrowers from 68 countries have been originated through the platform so far. 32% of the loan volume was originated in emerging markets like India, the Philippines, Indonesia, Brazil and many others. By using bitcoin and the blockchain as a payment network, Bitbond’s users don’t need a bank account in order to get a loan or to invest through Bitbond.

Bitbond Releases API for Investors & Developers

Berlin, Germany. Global peer to peer bitcoin lending platform Bitbond today announced the release of its API (application programming interface) for investors and developers.

Investors and developers now have programmatical access to Bitbond services. The API lets investors customise and automate the lending process. At the same time the API gives everyone easy access to the full Bitbond loan history. Thus, the 6,000+ lenders active on Bitbond, can now implement automated investment strategies that are based on statistical analysis of historical loan data.

The API has a comprehensive documentation which can be found under this URL: https://www.bitbond.com/api/docs

“The API release reflects Bitbond’s desire to make the lives of investors on our platform as easy as possible” said Radoslav Albrecht, CEO and founder of Bitbond.