Bitcoin foundation blogs
Authorities around the world know about the website, but closing it is another matter — partly because it uses Bitcoins. Charles Arthur and Josh Halliday : Plus the problem with VC-funded journalism again , filesharers honeytrapped, Google's unlock patent and more. Charles Arthur and Josh Halliday : Plus Windows 8 upgrade pricing, music for the deaf, other misconceptions on Apple-Samsung, and more. By James Ball. James Ball: Bitcoin is one of the first attempts to create a real-world currency with no governments, no central banks, and no rules. Published: 10 Apr
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What is cryptocurrency?
AXA is the first all-lines insurer in Switzerland to allow its customers to pay their bills with Bitcoin. This represents an investment in the company's digital future in response to growing customer demand for more choice when it comes to payments. AXA conducted market research at the end of , asking people aged 18 to 55 for their thoughts on cryptocurrencies. Even then, around a third of respondents said that they already owned some or were interested in them.
The coronavirus pandemic has accelerated the digital transformation further over the past year and thus fueled the spread of cryptocurrencies. To meet this growing demand, AXA is now allowing its customers to pay their bills with Bitcoin. AXA is the first all-lines insurer to offer this solution. The new payment option is available to all private customers from the start of April.
All you need is the reference number, the amount, and your own Bitcoin wallet. In future, the new payment option will appear on bills sent by e-mail. Customers who wish to pay with Bitcoin can simply go online to invoice. The amount in Swiss francs is converted into bitcoins in the background, and the payment can then be completed quickly and easily on the computer or smartphone. Customers who receive their bills by post or directly on MyAXA can of course also use this new option to pay their premiums.
A progress bar shows how long the indicated exchange rate between Bitcoin and Swiss francs remains valid. The person who pays the premium bears no exchange rate risk during this time. If the time runs out before a transaction is concluded, the exchange rate is updated, and the timer starts over.
AXA doesn't charge any special fees for Bitcoin payments. The range of payment options and services that can be used via the Web and the MyAXA app will continue to expand going forward.
No, that's not possible for now. We want to gather some experience with Bitcoin first before deciding on the next steps. The bitcoins go to the crypto broker Bitcoin Suisse, which converts them into Swiss francs. AXA holds no bitcoins on its balance sheet. No, the only information the external partners inapay for the user interface and Bitcoin Suisse for payment processing need is the reference number and the amount shown on your bill.
These can't be used to work out personal information. Unfortunately, this payment option can't be offered for life insurance products for regulatory reasons. AXA doesn't charge any fee for using the Bitcoin payment option. The Bitcoin exchange rate provided by the broker includes a commission of 1. The information about the new payment option currently appears only on bills sent by e-mail. You can of course also use the service via invoice. AXA is working on a number of blockchain-related projects.
It joined the cardossier association back in and is represented on its Board. The association, which also has importers and driver and vehicle licensing offices among its members, has developed a platform that uses blockchain technology to track a vehicle's entire life cycle with a view to making the market more transparent and more efficient.
AXA Switzerland also sponsors the University of Basel's Blockchain Challenge, working with students to investigate how a traditional insurer can tap into the growing market for smart contracts. The steadily rising importance of digital solutions is also increasing the risk of cyber attacks, which is why AXA is working to ensure that its customers are better protected online. It launched a new cyber campaign focusing on digital themes in January. A quick screenshot here, an image or two downloaded there or the odd streaming video: the Internet is a mine of information and media content.
But even the virtual world is not outside the law: Most content is subject to copyright. What is allowed? What is prohibited? And what are the potential legal consequences of copyright infringement? At hotels, supermarkets, or online shopping from your couch at home: You can quickly pull out your credit card — and your trip, groceries, or new shoes are paid for. Credit cards are practical, no question about it. We use cookies and analysis tools to improve your user experience, to personalize advertising by AXA and our advertising partner companies, and to provide social media functions.
Unfortunately you cannot change your cookie settings via our Cookie Preference Center if you use Internet Explorer If you would like to change your settings, please use an up-to-date browser. By using our website with this browser, you consent to the use of cookies. You are using an outdated browser. There may be optical and technical problems. Leading the way with cryptocurrency AXA is the first all-lines insurer to offer this solution. Bitcoin makes payments easy In future, the new payment option will appear on bills sent by e-mail.
Screenshots: inapay. Important questions and answers Can I also pay with other cryptocurrencies? Do the bitcoins go directly into a wallet owned by AXA? Will my information be shared with external partners? What are the fees? Cyber attacks: how can I protect my company? Copyright law and the Internet: What is allowed? What to do in the case of credit card fraud — and how can I protect myself against it?
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The Bitcoin Foundation
A leading figure in the Bitcoin community has expressed regret about a blog backing an Australian's claim to have invented the crypto-currency. Craig Wright announced on Monday that he was behind Satoshi Nakamoto - the pseudonym used by Bitcoin's creator. The same day, Gavin Andresen, chief scientist at the Bitcoin Foundation, wrote he was "convinced beyond a reasonable doubt" of Dr Wright's case. But Mr Andresen said he now thinks it was a "mistake" to have posted. The expert had written that he had privately witnessed Dr Wright using cryptographic keys that "only Satoshi should possess". But critics called Dr Wright's claim into doubt when it emerged that part of the evidence the entrepreneur presented in public could have been generated using a string of digits linked to a seven-year-old transaction made by Satoshi, accessible via a search engine. Mr Andresen has yet to update his blog to reflect this change of view.
The Latest from NEAR
Editor's note: This post is one in a series highlighting sessions for the upcoming Endowments and Finance Summit , held in Washington, DC, on September The Summit is where foundation leaders — such as CEOs, CIOs, CFOs, Senior Investment Officers and board and investment committee members — converge to dialogue on trends, issues, best practices and innovations dealing with endowments, financial management, business and other professional challenges. Have you heard of The Pineapple Fund? Bitcoin is a cryptocurrency made possible through blockchain, a technology that changes how monetary transactions are executed. What makes cryptocurrencies different from tradtional is that the value of traditional currency is backed by governments or central banking systems, while the value of Bitcoin and other cryptocurrencies is backed by independent users all over the world. We trust in the US dollar because the US government ensures its value; many people have chosen to trust the value of Bitcoin because its value is determined by the demand for the currency. Cryptocurrencies rapidly change value and accepting crypto-donations can be risky for foundations and non-profits for several reasons.
Two major problems with bitcoin, and how to solve them
After the minutes of the Federal Reserve's December meeting were released on Wednesday, indicating that it would start to reduce its balance sheet , dial back its monetary policy support and potentially raise interest rates, riskier assets like cryptocurrency took a hit and have fallen since. Along with price movement, here are five important things that happened in the cryptocurrency space this past week. On Thursday, the Mozilla Foundation, the non-profit behind the Firefox browser, announced its decision to "pause" its previous decision to accept donations in cryptocurrency. The announcement came after it received backlash from Jamie Zawinski , who co-founded Mozilla, and others online regarding the potential environmental impact of cryptocurrency. Mozilla isn't alone.
Blog KnCMiner Joins Bitcoin Foundation at Platinum Level
Chris Dixon cdixon is a general partner at Andreessen Horowitz , where for the past six years he has been an active seed and venture-stage investor. SiteAdvisor was an internet security company that warned web users of security threats. The company was acquired by McAfee in Hunch was a recommendation technology company that was acquired by eBay in Chris has been a prolific seed investor, co-founding Founder Collective, a seed venture fund, and making a number of personal angel investments in various technology companies.
Crypto Blogs List
Cryptocurrency, cryptomining. We hear these terms thrown around a lot these days. To many of us, crypto-things sound like technobabble from sci fi movie. In the simplest of terms, cryptocurrency is decentralized, encrypted digital money that can be passed from person to person online. Cryptocurrency transactions work on a shared database called a blockchain. This blockchain is shared across thousands of powerful computer systems called nodes. Each new cryptocurrency transaction is verified by a node after solving a cryptologic puzzle. The solved puzzle is evaluated by all the nodes in the system, and if more than half of the nodes in the system agree that the transaction is valid, it is added to the blockchain.
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The Bitcoin Foundation was founded in September with the stated mission to promote, protect and standardize the use of Bitcoin for the benefit of users around the globe. The organization was modeled on the Linux Foundation and is mainly funded by its members and by for-profit companies that depend on Bitcoin technology. Olivier Janssens stated:. If they would have been transparent then everyone would know there is no money left. This immediately triggered big media unrest and enormous controversy, but somehow has been obscured.
By Chris Peters. Gox, the embattled Toyko-based bitcoin exchange, resigned on Sunday from the board of the Bitcoin Foundation, in the latest blow to the digital currency. Jinyoung Lee Englund, a spokesperson for the Bitcoin Foundation - a trade group promoting the adoption of the digital currency, confirmed the news and said the resignation was effective immediately. The resignation follows a number of technical issues, including a massive cyber attack from unknown sources that has been spamming bitcoin exchanges. Earlier in February, Mt.
Sign up for the Canada Weekly Brief and get all you need to know delivered right to your inbox. But we did. An unpatched vulnerability that had been identified as early as is suspected as the weak link that allowed suspected hackers to break in. Its website , which had been unavailable since Tuesday, was updated Wednesday with messages from both Karpeles and the MtGox Team.
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