Home Blog Page 526

Three Blockchain Startups Join Startupbootcamp Fintech Singapore’s Inaugural Accelerator Batch


c0ecsingapore Three Blockchain Startups Join Startupbootcamp Fintech Singapore’s Inaugural Accelerator Batch

Blockchain-based marketplace DeBuNe, bitcoin wallet Cryptosigma and blockchain equity issuer Otonomos, have been accepted to the first batch of Startupbootcamp (SBC) Fintech Singapore’s accelerator program. The startups will be given funding, free office space, access to business support services and a large network of industry experts and venture capitalists.

The three digital currency startups join seven other startups in the program, which are made up of peer-to-peer wallets, money management apps, a social network for financial trading and more. All of the startups will receive three months of acceleration, 24,000 Singapore dollars (about $18,000 USD) and access to pilot customers, industry data, APIs and capital from SBC partners, such as DBS Bank, MasterCard and Route 66 Ventures.

“Since the beginning of the year, we have scoured the Asia Pacific and the globe for the most fascinating, innovative and promising fintech startups,” said Startupbootcamp FinTech Global COO, Markus Gnirck. “With 300 applications it shows that fintech in Asia is on the rise to tackle local problems with the potential for global scale. We have met close to 200 startups, visited 12 financial hubs across APAC and beyond. So we feel confident that the 10 teams selected showcase the very best that financial services and technology has to offer.”

Blockchain Apps For Asia

By digital currency standards, Bitcoin has seen a lot of adoption in China, the Philippines and other parts of Asia, but blockchain apps have not been as prevalent in the region as they have been in places such as Silicon Valley. These startups hope to use the different uses of the blockchain to solve problems unique to the region.

Created by former IT professional Roberto Capodieci, DeBuNe dreams big and aims to give Asian companies a more transparent way to conduct business by using the blockchain of alternative cryptocurrency, NXT. The startup, which is focusing on small- to medium-sized businesses, will use the transaction data stored on the blockchain to give businesses a reputation that can boost trade.

Cryptosigma, on the other hand, is a more conventional Bitcoin product, as it allows people to send and receive bitcoin and exchange between the digital currency and fiat money. The app does have several extra features that come with the app, such as a debit card, the ability to withdraw money at ATMs and send money to friends and family. The app hopes to give users the benefits of cryptocurrency without having to touch or hold the actual digital currency.

Calling themselves the world’s first blockchain-chartered company, Otonomos, aims to simplify the process of issuing equity for businesses in Asia. The startup will allow anyone to create company shares on the Bitcoin blockchain. Benefits include sending equity peer-to-peer, being able to crowdfund equity or add new private investors easily. Though in legally uncertain waters, their blockchain “incorporation” service is live.

All of these startups remain extremely early-stage and experimental, but Head of Emerging Payments at MasterCard Asia Pacific Raj Dhamodharan remains optimistic about the future of the blockchain startups, as well as the others in the acceleration program.

“I have been very impressed by the overall quality of the ideas coming out of the Asia Pacific region and am really looking forward to working with these 10 startups to see how they develop over the coming months,” Dhamodharan said. “Staying at the forefront of developments in tech will be crucial for financial services over the coming decade. Startupbootcamp is a great way to ensure that innovation is tackling real concerns.”

Image via Startupbootcamp FinTech

High Frequency Trading on the Coinbase Exchange


Andrew Barisser is a software and cryptocurrency engineer at Assembly. Previously he was a grad student in biophysics at UCSB, where he says a “gnawing fascination” with bitcoin led him to software. In this article, he shares lessons learned from creating his own bitcoin trading bot in the “shark infested waters” of Coinbase’s new exchange.

fedfbots retro High Frequency Trading on the Coinbase Exchange

I’ve recently started trading bitcoins algorithmically on the new Coinbase exchange. After reading about high-frequency trading in the book Flash Boys by Michael Lewis, I decided I’d give it a shot myself, albeit in a clumsier, more amateurish way.

Continue reading at CoinDesk

%name High Frequency Trading on the Coinbase Exchange

Factom Partners With Honduras Government on Blockchain Tech Trial


Decentralized recordkeeping startup Factom has reportedly partnered with the government of Honduras on a new land title registry initiative.

Reuters reported that the Texas-based company, in partnership with title software firm Epigraph, was working with the Honduran government to develop “a permanent and secure land title record system” using the bitcoin blockchain, the distributed ledger that tracks all bitcoin transactions.

Factom president Peter Kirby told the publication that discussions with the Honduran government began earlier this year. However, the company first hinted at a partnership earlier this week on its blog, when it said the proof of concept for a land registry tool was “being evaluated by select governments worldwide”.

Continue reading at CoinDesk

%name Factom Partners With Honduras Government on Blockchain Tech Trial

Rock Band Queen Drives First Bitcoin Sale for Argentina Ticket Startup


5711original resize 720 360 Rock Band Queen Drives First Bitcoin Sale for Argentina Ticket Startup

An Argentinian fan of the classic rock band Queen has become the first customer to buy tickets with bitcoin through EntradaFan, according to the company.

Launched in April, EntradaFan is a peer-to-peer online ticket marketplace seeking to compete with market leader Ticketek. The announcement follows EntradaFan‘s decision to accept bitcoin through a partnership with processor BitPagos, an Argentinian bitcoin firm that allows merchants to accept bitcoin as payment and settle fiat purchases in bitcoin.

Continue reading at CoinDesk

%name Rock Band Queen Drives First Bitcoin Sale for Argentina Ticket Startup

Blocked Bitcoin Websites Back Online After Court Case Win


A regional Russian court has overturned a decision today that restricted seven bitcoin websites from public access in January.

Russian-language bitcoin news blog BTCsec reported that a city court in Nevyansk had acted improperly by blocking the websites. As a result of the decision, educational and commercial websites including Bitcoin.org, Coinspot.ru and Indacoin.com will now be publicly accessible once again.

Representatives of certain affected websites had previously argued that there are no current laws that prohibit the release of information related to bitcoin or digital currency.

Continue reading at CoinDesk

%name Blocked Bitcoin Websites Back Online After Court Case Win