Lifeboat Foundation

By Tom Simonite — MIT Technology Review
A Stanford professor claims to have invented a Bitcoin-like system that can handle payments faster and with more security.

The total value of the digital currency Bitcoin is now approximately $3.4 billion, and many companies and investors are working to prove that the technology can make financial services cheaper and more useful.

But Stanford professor David Mazières thinks he has a faster, more flexible, and more secure alternative. If Mazières is correct, his technology could make digital payments and other transactions cheaper, safer, and easier—particularly across borders. He released the design for his system in a white paper last Wednesday. Read more

By Sarah Jenn — NewsBTC
In a step closer towards the institutionalization of bitcoin trading, a New York firm announced that it is expanding its operations to include trading in blocks of bitcoin. Genesis Trading, a division of SecondMarket, says that it is currently the only licensed broker-dealer that offers this service.

Genesis is now specializing its operations to focus on bitcoin trading with its own team of traders and support staff. According to its Chief Executive Brendan O’Connor, their plan is to generate business from the hedge funds and private investors who have shown an interest in the cryptocurrency. Read more

Venzen Khaosan — CryptoCoins News
There is not much to say about the current price action. The correctional waves are not establishing new highs or lows and “corrective” is the only description.

We’ll have to wait for a decisive move to show some internal wave structure (three or five waves) and to expand on the existing waves in the chart.

It is not clear if price is correcting prior to making another push higher or if these are the initial waves prior to a move back to the yellow trendline, below. Read more

By Ryan Faith — Vice News

Bitcoin becomes more valuable as bitcoin transactions become more secure. That is an important thing to keep in mind when trying to understand why the hell bitcoin is being launched into space.

Why? Because what’s a more secure place for the computers processing bitcoin transactions than in orbit several miles above the earth? That’s why core bitcoin developer and founder of Dunvegan Space Systems Jeff Garzik has developed the BitSat program, which plans to launch computers on small, (relatively) cheap satellites in 2016.Read more

Reuters — Re/Code

International Business Machines Corp is considering adopting the underlying technology behind bitcoin, known as the “blockchain,” to create a digital cash and payment system for major currencies, according to a person familiar with the matter.

The objective is to allow people to transfer cash or make payments instantaneously using this technology without a bank or clearing party involved, saving on transaction costs, the person said. The transactions would be in an open ledger of a specific country’s currency such as the dollar or euro, said the source, who declined to be identified because of a lack of authorization to discuss the project in public.

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Quoted: “DNotes can best be characterized, as a second generation Bitcoin alternative digital currency. It objectively studied Bitcoin’s strengths and weaknesses as well as threats and opportunities. DNotes was created on February 18, 2014 with an objective to meet the full functions of fiat currency as a unit of account, store of value and medium of exchange within three years. It decided to take a very different path since day one in building a trustworthy stable digital currency with reliable long term appreciation.

Central to DNotes long term strategic plan is the creation of highly scalable building blocks, as the foundation of its own ecosystem. Those strategic building blocks include CryptoMoms; a currency neutral site dedicated to encourage women participation, DNotesVault; a free secure storage for DNotes’ stakeholders with 100% deposit guarantee with verifiable funds, and CRISPs; a family of Cryptocurrency Investment Savings Plans for everyone worldwide. The core mission of CRISP is to make the savings opportunity available to everyone; from the unborn to the most senior; from the unbanked to the super rich. The opportunity for anyone to participate irrespective of financial standing, coupled with combined charity efforts will bring about much needed financial freedom for millions worldwide.”

Read more here > http://www.pressreleaserocket.net/bitcoin-alternative-dnotes…ce/109719/

Quoted: “The decentralized Sapience AIFX project has developed a distributed artificial intelligence system running on a cryptocurrency network. In addition, the project has implemented the first distributed database platform running entirely over the bitcoin peer-to-peer protocol, built on top of a distributed hash table with redundancy, resiliency, and multi-dimensional trie-based indexing. These technologies are the first core pieces in the Sapience AIFX platform strategy to be the market leader in the consumerization of the blockchain.

The project has implemented the first in-wallet interactive Lua shell, bringing developers unprecedented capabilities to build solutions leveraging the blockchain, multi-layer perceptron networks, and distributed data storage. The possibilities span from algorithmic trading tools to bioinformatics and data mining, and the traditional applications of deep learning.”

Read more here > http://www.pressreleaserocket.net/first-cryptocurrency-to-ut…in/104609/

by Daniel Roberts — Fortune

For all the media coverage, and for all the venture capitalist interest, the average person on the street still knows nothing about bitcoin.

According to a study released by the nonprofit Coin Center last month, 65% of the general public is “not at all familiar” with the digital currency or its underlying technology. Of those who do have some awareness, 84% have never used it.

That hasn’t stopped authors from rushing in to churn out books on bitcoin. In 2014, hundreds of books were published on the topic. Why are business writers so intrigued? Fortune spoke to the authors of three recent serious books on the topic. Below are five questions from each conversation.
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by Steve Dent — Engadget

If you recently installed or updated uTorrent on your PC, you may have have picked up an unwanted passenger: a bitcoin miner called Epic Scale. If you don’t pay attention, that piece of code can be inadvertently installed with the latest uTorrent build (version 3.4.2). It can then use your computer as part of a bitcoin farm (Litecoin, to be exact) to generate revenue for third parties. Users first reported the situation on uTorrent’s forums, and it was quickly confirmed by a senior support manager. He said that the app “cannot be installed without permission,” but one user claimed that there was “never a warning about it,” even though he opted out of other bundled software.
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