Cryptocurrency & Blockchain breaking news

In 2009 bitcoin hit the electronic currency world by surprise and later captured the attention of the masses and information technology companies. Coinidol.com investigates why most people are still too scared to use bitcoin as their main currency for day-to-day business.

The European Union is planning a database that will assign every cryptocurrency wallet to its holder’s identity. After recently being hit hard by Terrorist activities, the EU believes a lot of the funding for terrorism is done anonymously through bitcoin.

“Banking on Bitcoin”, a new film which shows the history and future of bitcoin, is set to be released on January 6, 2017.

The year 2017 promises to be a really Happy New year for Bitcoin users, beginning with a sharp rise of the Bitcoin price to $1000.

The new image-hosting service, Supload, pays users who upload photos to the website 50% of the funds generated from Ads running on the site. The service has a minimum withdraw of $1.00 and users can withdraw at any time into their bitcoin wallet.

Bitpesa is a bitcoin exchange and Blockchain technology firm based in Nairobi, Kenya, that has recently optimized its platform to focus mainly on the massive trade between East Africa, Nigeria and China.

One of the largest Bitcoin mining companies, Bitfury, has turned down bids to buy bitcoin from various investors and Assets Under Management funds. This is seen by many to have been triggered by the surge in Bitcoin’s price from $800 to $900.

Spectrecoin is a cryptocurrency launched on 20/11/2016 with a new concept for total security and anonymity on the blockchain which will be based on the Android platform. Spectrecoin’s main aim is small private remittances of money. Coinidol.com investigates whether the new Spectrecoin provides the best anonymity and security compared to the existing competitors on the market.

S7 Airlines, in partnership with Alpha Bank, have conducted еhe first Blockchain payment using Ethereum-based smart contracts in Russia.