OPEN-SOURCE IDENTITY PROTOCOL PROVIDER ONENAME TO SWITCH TO BITCOIN

The startup Onename made a big announcement at the Blockstack Summit 2015 where co-founder Muneeb Ali revealed the decision: it is switching from Namecoin’s blockchain to Bitcoin Namecoin network is not decentralized and the mining group Discus Fish controls 60-70% of its hashing power.

Namecoin is a blockchain-based Domain Name System (DNS) which became known an effective solution some five years ago. It was one of the first large-scale altcoins introduced in 2010; however, it has never been able to challenge the other competitors like Bitcoin, Litecoin and even Dogecoin.

According to a statement the startup will post a blog with more details on the latest decision. No commentary as of yet from the Namecoin founders has come.

DIS uses a unique way to create a ‘name’ or unique profile to accompany users’ online blockchain verified identity. Additionally, the open-source identity provider began its project in March 2014 with the ability to create a name instead of a binary number solution or a Bitcoin address. After the decision was made public, a lot of people in the community showed their happiness and said that it is after all the victory of the strongest blockchain.

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CRYPTOCURRENCY EVENT: CONSENSUS 2015 TO BE HELD ON 10 SEPTEMBER 2015 IN NEW YORK

Consensus 2015 to be held on 10 September 2015 in New York from 08:30 to 18:00 (EDT) at the TimesCenter, 242 West 41st Street, New York, NY 10036. Digital currencies and blockchain technology will be across multiple and diverse sectors where the experts will debate and discuss at the event.

The discussion will be around real-world problems and the solutions that cutting-edge digital currencies and blockchain tech might offer. PayPal, Wells Fargo, the US Department of Justice and leading technologists and investors were among the buyers of the first batch of tickets.

Leading Speakers at the Event: Wences Casares, Kathryn Haun, Jerry Brito, Kosta Peric and many others.
Wences Casares started Bitcoin wallet and storage Xapo and known for his unconditional support for the digital currency.

Kathryn Haun, US Department of Justice is going to be the lead speaker. Given her experience as an Assistant US Attorney and Digital Currency Crimes Coordinator, Northern District of California, she comes with a lot of insight.

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LEADING WALL STREET COMPANIES INVESTED $30 MILLION IN BITCOIN STARTUP

Leading Wall Street companies such as i LEADING WALL STREET COMPANIES INVESTED $30 MILLION IN BITCOIN STARTUP ncluding Visa, Nasdaq etc invested $30 million in Bitcoin startup from San Francisco. This startup (Chain Inc.) helps developers to create Bitcoin application by rapid access to the blockchain to trade and transfer financial assets within speedy and relatively cheaper mechanism to record and store transactions. Besides, Wall Street companies are experimenting in non-financial assets such as smart contracts, public record keeping, etc.

Chain Inc. is not the only companies that are working on integrating Bitcoin technology into finance sectors. For example, ex-JP Morgan exec Blythe Masters had also agreed to head a Bitcoin startup.

“We believe in the power of block chain technology to transform how financial assets are transferred, but it has to be done with the right partners to insure it gets off the ground,” Adam Ludwin, CEO of Chain, told in an interview.

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BLOCKCHAIN COMPANY TO LIST ON LONDON AIM MARKET

Coinsilium says that it will list on London’s AIM market, which would make it the first such company to publicly list. Once the company is listed on London AIM market so the investors would be able to invest in the stocks and get exposure to the new technology. Company holds ownership in the range of 5% and 20%; however, the common theme is blockchain. Blockchain is the mechanics used to verify Bitcoin transactions and they believes that it is a revolutionary technology that can have huge implications for various industries.

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