Zebpay, a mobile wallet for Bitcoins, has crossed trading turnover of Rs 100 crore. Currently, Zebpay has a total of over 30,000 users, who use the app to buy, sell, store and spend bitcoins. The company said 6,000 new users are added every month.
Zebpay was started in 2012 by Mahin Gupta. The company raised $1 million series A funding led by Arjun Handa and Amit Jindal, along with other investors. A report by PTI says that Zebpay deals with Indian customers only and it has made PAN number a must for users for opening of wallet.
The Android … Read the rest
Markets Weekly is a column analyzing price movements in the global digital currency markets, and the technology’s use case as an asset class.
The price of bitcoin broke past $450 this week, as markets rallied in response to perceived progress surrounding the network’s block capacity dilemma.
The price breakout, which took place as the digital currency surged more than 6% in the seven days through 12:00 UTC on 22nd April, ended the pattern of the last several weeks, when bitcoin fluctuated largely within a tight range.
“Traders have been watching the psychological price barrier of $450 for a long time,” … Read the rest
Lots of us are struggling to wrap our minds around that word “bitcoin.” We’re not quite sure what it is and why it’s a big deal, or if it’s just a scam. It’s not a scam, but it is still evolving, and probably not quite ready for primetime. That’s because it’s still volatile—there’s so little of it in use that it doesn’t take much to jerk the value of each bitcoin up and down—and because using bitcoin requires more effort right now than most people want to bother with. But if you still want want a simple … Read the rest
Not too long ago, Cash, Credit and (Gaming) Chips seemed like the only three tools Sports or other Gamblers could use to make their wagers at European, Las Vegas, Offshore and Online sportsbooks, but, like the times, some operators have changed and are now accepting Digital Cryptocurrencies like the popular Bitcoin and Litecoin as a form of currency with most accepting it also primarily dealing in the traditional Cash with a handful exclusively dealing in Bitcoin in a market and concept—Sports Betting with Cryptocurrencies—which is still relatively a very new thing and still evolving.
Introduction: You Can’t Always Bet What … Read the rest
Intel, the largest chip-maker in the world, is looking to trusted execution environments on its hardware chips to enhance security and privacy for blockchain users.
Speaking at the Tomorrow’s Transactions conference in London this week, Kelly Olson, director of the distributed ledger technology group at Intel, discussed ways it is possible to use a “secure enclave”, similar to what Apple uses for its Touch ID, to increase blockchain security.
Olson’s group is conducting research on large-scale deployments of blockchains that could scale to several tens of thousands or millions of nodes, though he said the work is still in early … Read the rest
From a user perspective, Bitcoin is the only mobile application, or computer program, which gives them access to bitcoin wallet and enables them to receive and spend . That is how Bitcoin works for most users.
At the core of the network Bitcoin is a public register called blokchain, or “chain of blocks.” This register contains the history of ever conducted transactions, allowing users’ computers to check the validity of each transaction. The authenticity of each transaction is protected electronic signatures used in the relevant transactions addresses, allowing users to have full control over transferring bitcoins from their bitcoin addresses. … Read the rest