Month: August 2014
World’s first government-backed digital currency to launch in December
It doesn’t yet have a name, but Ecuador’s new government-backed virtual currency is coming. That’s the thrust of a new report from the Associated Press, Source: www.engadget.com Ecuador wants to go first with their own (government-backed) virtual currency. A lot many countries will be monitoring this closely.
Tencent and Baidu Team Up To Challenge Alibaba
The e-commerce war in China is heating up to a level never seen before — two Chinese internet giants, Tencent and Baidu, are teaming up in e-commerce to take on the country’s… Keep reading → Source: thenextweb.com Clash of the Titans? (they could be cousins ya know!)
UAE’s First Bitcoin Exchange in Dubai
Australian-Indian company igot has launched the UAE’s first bitcoin exchange, hoping to capture some of the Indian remittance market. Source: www.coindesk.com Woot! Woot! That’s the sound of a new exchange (in Dubai). #bitcoins
FBI Examining Whether Russia Is Tied to JPMorgan Hacking
Russian hackers attacked the U.S. financial system in mid-August, infiltrating and stealing data from JPMorgan Chase & Co. and at least one other bank, an incident the FBI is investigating as a possible retaliation for government-sponsored sanctions, according to two people familiar with the probe. Source: www.bloomberg.com How soon will the disclosures come out? that …
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Apple’s New Digital Wallet Patent References ‘Virtualised Currencies’
An Apple patent application hints at the inclusion of more than just credit cards in a new mobile wallet. Source: www.coindesk.com The question is even if it does, what benefit does Apple derive from it?
Pakistani Banker and Bitcoin
Whilst discussing crypto currencies with a Senior Banker from a reputed Pakistani Bank (read: one of the Big 5)… Banker: “Bitcoin is a joke! It will fail” Faisal: “Seriously? Do you know what Bitcoins are? Really? I will ask you?” Banker: “No, not really! I read a few articles in….” (I cut him off) …