Tag: Bitcoin

Finance, Software

Bitcoin News: Bitcoin ATMs to span across Canadian Malls & Tourist Spots

CAVIRTEX has launched its first six bitcoin-branded ATMs in the greater Toronto area. The machines mark the first phase of the exchange’s larger plan to bring 10 bitcoin ATMs to Canada through a partnership with Gateway Newstands, a retail chain with 500 locations in North America.

Speaking to CoinDesk, CAVIRTEX’s marketing and business development director Kyle Kemper said the launch was a major milestone for the Calgary-based company and bitcoin itself. Although details about the ATMs were first revealed back in May, Kemper said that the company has taken time to execute its vision and maximise the impact of the launch.

Kemper said: “We were looking for really high-traffic locations, because we want to bring CAVIRTEX and bitcoin to the general Canadian public.” Pictures of the vibrant units first surfaced online earlier this month, with many Reddit users lauding the company’s novel design and expressing excitement for the formal launch. Notably, the bitcoin ATMs were provided to CAVIRTEX by BitAccess, the bitcoin ATM manufacturer that was recently accepted into Californian accelerator Y Combinator.

News on Bitcoins

Kemper indicated that its decision to partner with Gateway lead the company to secure a number of high-value locations. Perhaps the most notable new entry to CAVIRTEX’s network lies at the famed tourist destination Niagara Falls. Kemper indicated that CAVIRTEX has installed an bitcoin ATM at the Casino Niagara, the first casino built in Niagara in 1996. One of a number of regional attractions near the natural wonder, the destination features 10,000 square meters of gambling space, on-site dining and free live music.

Additional noteworthy locations for the ATMs include the Bayshore Mall in Ottawa, Scarborough Town Center in Toronto and the Yorkdale Shopping Centre in Toronto, among others.

Bitcoin News Video

Watch this video for more “News on Bitcoin”.

Continue reading “Bitcoin News: Bitcoin ATMs to span across Canadian Malls & Tourist Spots”

Richard Atkins
Kryptowährung
business, Featured, Finance, Internet, internet

In 9 Schritten zur eigenen Kryptowährung

Das Schaffen einer eigenen Kryptowährung ist eine aufregende und anspruchsvolle Unternehmung, die technisches Wissen, strategische Planung und einen klaren Fokus erfordert. Egal, ob Sie ein Unternehmer, Entwickler oder Visionär sind – dieser Leitfaden wird Ihnen helfen, Ihre eigene Kryptowährung in wenigen Schritten zu realisieren. Tauchen Sie ein in die Welt der Blockchain-Technologie und lassen Sie uns gemeinsam die Grundlagen und wichtigen Schritte durchgehen, die Sie … Continue reading In 9 Schritten zur eigenen Kryptowährung

John Meady
software

Android Bitcoins Wallets are Still Unsafe

Bitcoin.org released a security advisory over the weekend warning the Bitcoin community that any Bitcoin wallet generated on any Android device is insecure and open to theft. The insecurity appears to stem from a flaw in the Android Java SecureRandom class, which under certain circumstances can produce numbers that aren't truly nondeterministic. This can allow an attacker to work out a victim's cryptographic private key. … Continue reading Android Bitcoins Wallets are Still Unsafe

John MeadyLeave a comment
Finance, Software

Major Bitcoin Firm Payza Launches Bitcoin Buying Options in 190 Countries

Global online payment processor Payza has announced it is now offering customers in 190 countries the ability to buy bitcoin via bank transfer. Payza took to its official blog to reveal the news, though this formal announcement followed preliminary tweets from both Payza business development consultant Charlie Shrem and the London and Montreal-based company itself.

In its formal remarks, Payza hinted that the bitcoin buying option will allow it to pursue larger goals in the bitcoin and digital currency space, stating: “This is our first step into the exciting space of cryptocurrency, currency that exists solely in the digital world. At Payza, we’re very interested in bitcoin and cryptocurrency, and we have big plans to expand the way bitcoin can be used on our platform.”

Payza first detailed its plans in the digital currency space in a May blog post that discussed bitcoin’s potential as a payments tool. This interest was further made evident in July, when Payza confirmed rumors to the The Wall Street Journal that Shrem was serving the company in an advisory role.

News on Bitcoins

Shrem elaborated on Payza’s goals, suggesting that the company’s biggest opportunities may be in catering to bitcoin’s merchant space. He explained that, unlike popular alternatives such as BitPay and Coinbase, Payza could become a one-stop solution for new merchants that want to capitalize on bitcoin but offer multiple payment methods. “[Payza will] be the only company where if a merchant actually wants to accept both credit card and bitcoin, they only need to work with one company,” he said.

Shrem indicated that Payza does not charge users to deposit funds into their accounts, but that a 2% charge for users who buy bitcoin via the platform applies. Buyers lock in the price of bitcoin upon purchase, however, the withdrawal process can be expected to take up to three days. Given that users are not charged to send funds through Payza, Shrem also remarked that the offering could position the company to become a player in the remittance space, adding:

Bitcoin News Video

Watch this video for more “News on Bitcoin”.

Continue reading “Major Bitcoin Firm Payza Launches Bitcoin Buying Options in 190 Countries”

Richard Atkins
Finance, Software

Dell Gets a Positive Bitcoin Response

Less than a month after it first began accepting bitcoin, Dell has received 85 BTC (over $50,000) for a PowerEdge server order. NewsBTC first reported the story after Dell CEO Michael Dell tweeted the following:”Recieved PowerEdge server order @ http://dell.com for more than 85 #bitcoin (~$50K USD) #Dellbitcoin”

It’s not known exactly who placed the order, but since Dell’s off-the-shelf Poweredge servers range from $299 into the thousands, someone likely now has a whole farm acquired with bitcoin. Dell became the largest public company to go private last year when original founder Michael Dell closed a $25bn deal to regain its leadership. According to the company’s last public filing, it earned $56.9bn in 2013, with the largest gain in revenue increase in its enterprise solutions and services business.

While Overstock’s bitcoin customers have bought mainly sheets, cell phone accessories and audio-visual equipment, the nature of Dell’s core business meant some serious hardware purchases were more likely.

News on Bitcoins

The Texas-based computer hardware giant also marked its digital currency debut with a 10% discount for anyone purchasing its gaming-oriented Alienware machines with bitcoin. The company accepts bitcoin payments for US customers on any item on its Dell.com store site.

Dell’s CIO Paul Walsh hinted last month that Dell may pursue more extensive involvement in the bitcoin space, adding that accepting bitcoin was part of the company’s overall plan to align itself with technological innovation. He continued that he expected many other merchants to join in soon, indicating a growing legitimacy for bitcoin among companies in the mainstream economy. For now, Walsh said the company’s main goal for its bitcoin program will be to remove friction during the customer purchasing process and make it easier for its existing customer base to transact with Dell.

Bitcoin News Video

Watch this video for more “News on Bitcoin”.

Continue reading “Dell Gets a Positive Bitcoin Response”

Richard Atkins
Finance, Software

Bitcoin Boost: Bitcoin Holds Promise for Non-Profits

Driven by a desire to promote human dignity, Dignitas International, a Malawi-based charity that has provided medical assistance to 200,000 residents in the land-locked nation since 2004. The organisation is now turning its attention to a challenge of an entirely different kind: transaction fees.

“Dignitas has to deal with high credit card and transaction fees on all of our donations which can range between 2-5%,” explained Anne Connelly, the charity’s director of fundraising and marketing. She added: “Every donation dollar we lose in a currency exchange or a transfer fee is a dollar that is not going to help someone in need.”

It is this frustration with existing third-party payment processors and credit card companies that fuelled the charity’s recent decision to accept bitcoin. With the initiative, Dignitas hopes to reach a whole new pool of donors for whom bitcoin technology can help pass these incremental savings on to life-changing projects in the region.

News on Bitcoins

“We’re seeking people who want to fully integrate bitcoin into their daily lives – including their charitable giving,” Connelly said. Non-profits who have already taken the plunge have witnessed a generous response from the bitcoin community, just this week Wikipedia received over $140,000 in bitcoin in its first seven days of accepting the digital currency.

Although payment processors Coinbase and BitPay have waived fees for non-profits in the US, Dignitas, which is headquartered in Toronto, uses Canadian exchange Virtex to convert the bitcoin it receives into Canadian dollars. On average each conversion charges the charity a fee between 0.2% and 0.75%, significantly less than via traditional means.

Bitcoin News Video

Watch this video for more “News on Bitcoin”.

Continue reading “Bitcoin Boost: Bitcoin Holds Promise for Non-Profits”

Richard Atkins