US to Weaken Regulations for Digital Currencies, Blockchain by 2017

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The US government has called for the formation of a “responsible innovation” fintech department to spur the growth of emerging technologies including cryptocurrencies, the Blockchain technology and other financial technologies that could enhance existing financial systems. US regulatory body the Office of the Controller of the Currency (OCC), which previously expressed their optimism towards digital currencies and the Blockchain technology, is planning to launch three offices in Washington, New York and San Francisco led by a chief innovation officer. The 30th Comptroller of the Currency of the United States, Thomas J. Curry, stated: “The OCC supports responsible innovation that enhances the safety and soundness of the federal banking system, treats customers fairly and promotes financial inclusion […] we are ensuring that institutions with federal charters have a regulatory framework that is receptive to responsible innovation.” Effect on Blockchain startups While it is still difficult to speculate the impact of the OCC’s plans on Bitcoin and alternative cryptocurrencies, it will hugely affect the operations of Blockchain and distributed ledger startups that are collaborating with banks and major financial institutions. The OCC states that the formation of a responsible innovation department will allow the organization to “identify, understand and respond to financial …

What’s Next For Bitcoin, Hot Startup Ideas 2016

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What’s Next For Bitcoin, Hot Startup Ideas 2016 We have prepared a review of the projects that the Bitcoin industry requires right now. These projects have no strong competitors in the market and could attract a lot of new cryptocurrency owners. Angels, funds and private investors will willingly invest their money in such projects. We offer to choose more simple, profitable and less risky way. The market of cryptocurrency projects is rapidly changing, and the products which were up-to-date a few years ago, are not interesting for the target audience any more. Strong leaders settled in the most profitable segments of the market (mining, trading, e-commerce), and nobody can move them unless they have a budget of more than one million, genius idea and a great deal of luck. We all know how difficult it is to find a good idea for a startup and to configure the product which meets requirements of clients and corresponds to ideas of investors about what a profitable investment is. From the general to the special: solutions for local markets Non-competitive conditions and interested local investors are very attractive factors for a startup. The main thing is that you do not need to reinvent …

Will 2016’s $300 Million Blockchain Startup Bubble Burst?

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Startups powered by Bitcoin and Blockchain technology raised $290 million during the first six months of this year, resembling the dot-com bubble of the late 1990s. According to a report by Juniper Research, venture capital investment raised by companies employing either Blockchain technology, or Bitcoin directly, amounted to more than a quarter of a billion dollars. About a third of this was raised by three companies: Circle, a social payment provider, which raised $60 million; Distributed Asset Holdings, a distributed ledger solutions provider, which raised $50 million; and, of course, Blockstream, the sidechain developer, which raised $55 million. Lee Gibson Grant of the Drachmae Travel Club sees investments flowing into Blockchain startups as more and more people become aware of the technology’s capabilities. He says to CoinTelegraph: “The Blockchain space is typical of new technology coming onto the market. This early stage sees many startups and experiments, which will provide proof that the technology is applicable in specific, practical use cases. Once identified, there will be consolidation into leaders within those areas at first, and progressively more capital will flow into those entities. Over time the investments will be billions of dollars, and will create new businesses and many new employment …

Blockchain Start-Up “Colu” released Dashboard and Sandbox API

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Colu recently released two new updates to help new users create more innovative blockchainsolutions. The Colu Dashboard aims to be the central location for viewing and managing digitalassets. The Sandbox API aims to enable users to quickly test code and view results. Amos Meiri, co-founder of Colu, began exploring blockchain technology while still working atFinancial Services Giant E-Torro back in 2012. Amos began interacting with the blockchaincommunity early on, to help develop a new way to transfer assets over the blockchain. After putting in months of effort and over $100,000 of investment through E-Torro, Amos and his co-founders David & Mark turned their focus to enabling developers to transfer value over the blockchain. This focus led them to found Colu, which since it’s launch 5 months ago has already enabled over 20 use-cases. Amos Meiri, co-founder of Colu said: “As a team, we found that working with the blockchain was extremely difficult for those just starting out. Therefore, we felt starting a platform, which would make it easier for developers to issue assets on the blockchain was vital.” The use-cases enabled by Colu are wide-ranging, from decentralized voting platform in theHonduras Island “Voto-Social” to secure product warranties on the blockchain, …