BitShares is a hive of DACs implementing business models of a bank and exchange. BitShares X offers clients bank accounts in which funds can be transferred in seconds from anywhere in the world, offering more security and privacy than a Swiss bank account. BitShares X accounts can never be frozen, funds cannot be seized, and the bank itself can never collapse. Unlike most existing banks each account balance can be denominated in commodities such as silver, gold, and oil, as well as national currencies. BitShares also offers an exchange in which commodities, currencies, and stock derivatives can be traded. BitShares takes a cut of every transaction and uses the Burn Rate to pay these fees to delegates and shareholders.
Source: Live Bitcoin News - 6 minutes ago
Bitcoin wallet security can come in many different ways. Using a password for extra security or a dedicated hardware solution are two popular solutions. Cobo, a Chinese startup, is taking this concept to a whole new level with its Vault hardware wallet. Any successful attempt to hack the device will lead to its destruction. Cobo...
Source: NEWSBTC - 36 minutes ago
The United States Marshal Service (USMS) is set to auction approximately $4.25 million worth of Bitcoin at the beginning of November. The federal agency announced that it would put almost 660 Bitcoins on the auction block, with the online sale planned on November 5, from 8:00 AM EST to 2:00 PM EST. Interested bidders must submit...
Source: AltCoin Today - 36 minutes ago
Confirmed: Baidu and TRON to Cooperate on Cloud Computing Resources Decentralized Internet project TRON (TRX) and China‘s largest Internet search provider Baidu will cooperate on cloud computing resources, according to an official tweet from the TRON Foundation posted yesterday, October 17. The tweet confirms a series of unofficial reports that have been circulating since Oct. 13. The first indication that the nature of the…
Source: Bitcoinist - 36 minutes ago
Bubble-phobic Civic CEO, Vinny Lingham, has been sounding off about blockchain and cryptocurrency at an event in Johannesburg. His address covered mass adoption in the blockchain industry, and the likelihood of another bitcoin bubble. Still in its infancy Lingham cited lack of use cases and scaling issues as current barriers to mass adoption of cryptocurrency. Although the primary uses of cryptocurrency are money transfers and trading, he saw this broadening as the market matures. He
Source: AltCoin Today - 1 hour ago
Japanese Electric Power Company Partners With Bank, University on Blockchain Research A four-way partnership between major Japanese companies will conduct research into the possible use of blockchain in distributed electricity supply, a press release announced Monday, Oct. 15. Kansai Electric Power Co. (Kepco) will work with Mitsubishi UFJ Bank, IT service management company Nihon Unisys, and the University of Tokyo on…
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