Thriving US Cannabis Industry Faces Bitcoin Ban

Thriving US Cannabis Industry Faces Bitcoin Ban

Marijuana, the wonder plant as some call it is going through a liberation phase in the United States. In 37 out of 50 states have relaxed the laws regarding the sale and use of marijuana and its derivatives in the past few years. Most of these states approve of the medical use of marijuana while a handful also makes an exception for recreational use. But these relaxations come with riders to make it difficult for businesses dealing with cannabis. According to reports, Senators Steve Conway and Ann Rivers have filed a new bill in the Washington State Senate to prevent local cannabis businesses from using Bitcoin as a mode of payment. An excerpt from the bill was quoted on one of the online publication saying, “A marijuana producer, marijuana processor, or retail...

Fred Ehrsam, Cofounder of Coinbase Plans to Step Down

Fred Ehrsam, Cofounder of Coinbase Plans to Step Down

Fred Ehrsam, one of the founders of Coinbase, the leading Bitcoin company has decided to move on to brighter pastures. The cryptocurrency entrepreneur mentioned his intentions in a blog post three days ago. According to Fred, he will be stepping down from the current position in Coinbase by the end of January 2017. He has started the exit process by gradually shedding his responsibilities over time. After seven long years, he seems to be taking a well-deserved break. Fred Ehrsam’s blog post also serves as a “thank you” note to fellow co-founder Brian Armstrong and rest of the company’s employees. “I’m thankful for all of the faith everyone around the company has put in me and the experiences we’ve had together. To Brian: I cherish the lifelong friendship...

Bitcoin Price Watch; End Of The Week Profit

Bitcoin Price Watch; End Of The Week Profit

Well, the end of the week is here, and for this author at least, it seems to have gone pretty quickly. We have had plenty of action in the bitcoin price across the markets, both from an intrarange and a breakout perspective, and this has translated to numerous entry opportunities. Some of these entries have worked out well, some not so much, but we’re going to end up net profitable on the week so long as today doesn’t turn out too badly, so that’s always a win in our books. We aren’t going to ramble too much this morning, since the European session is already underway, and there is plenty happening right now in the markets. So, with this in mind, and as we move forward into today’s session, here is what we’re focusing on right now. As...

ChronoBank to launch revolutionary LaborX exchange

The recruitment industry is broken, with intermediaries charging high fees to introduce suitable employees to businesses seeking to fill vacancies. Whilst this is generally accepted as the price of doing business for long-term appointments, it can be prohibitively expensive for contract or freelance work. Organisations can spend more time and money securing an employee than they do on the work itself. ChronoBank, a blockchain initiative backed by major Australian labour hire company Edway, is seeking to revolutionise the short-term recruitment sector by creating decentralised mechanisms for employers to access and rank prospective employees. The LaborX exchange, which is built on Ethereum’s smart contracts platform, will enable workers and businesses to connect...

Imperial College London and Blockchain Starts Digital Asset Research Lab

Imperial College London and Blockchain Starts Digital Asset Research Lab

The blockchain is slated to be the future of technology, irrespective of the industry segment. As more industries continue to explore the distributed ledger technology for their operations, the educational institutions are also preparing themselves for the said technological shift. The renowned Imperial College London has taken a step in that direction by starting the Digital Asset Research Lab. The Imperial College’s Digital Asset Research Lab is set up in collaboration with Blockchain, the Bitcoin wallet and block explorer service provider, and the developer of distributed ledger applications. Activities of the newly established lab are expected to receive funding through the existing 3-year partnership between Blockchain and Imperial’s Center for...