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Thailand’s Largest Bank to Launch New FinTech Platform

Thailand’s largest bank by revenue, Kasikornbank Pcl, has unveiled that it is planning to introduce a new FinTech platform by the end of the year as it attempts to prevent fee income from its rival banks. In a report from Bloomberg, Kattiya Indaravijaya, one of the four presidents at the Bangkok-based company, said that the goal was to produce faster, easier and lower-cost online banking transactions. There are also talks with overseas companies to create the digital payments platform. According to information from the Bank of Thailand, Thai mobile and Internet banking transactions increased...

ZSECOIN

CRYPTO POLITICS

Bitcoin May Switch to an Alternative Proof-of-work Algorithm in the Future

It is evident major changes will come to the bitcoin ecosystem as we know it today. No one knows for sure what the future may bring, and different contingency plans are being drafted as we peak. One post on Bitcointalk talks about developing an alternative proof-of-work algorithm for bitcoin moving forward. An intriguing concept, although there is still a lot of work to be done. UPGRADING...

Bitfinex Launches Chain Split Tokens For Bitcoin Core and Bitcoin Unlimited

The ongoing debacle between Bitcoin Core and Bitcoin Unlimited has caused quite a few heated debates. Exchanges are forced to take a stance on how they plan to handle a potential bitcoin hard fork. Bitfinex has announced the introduction of Chain Split Tokens, which are a rather unique product. Both tokens will be traded in BTC and USD pairs, without margin trading opportunities. WHAT ARE CHAIN...

BitFury Becomes Desperate and Threatens to Sue Bitcoin Developers

When you thought things couldn’t get any more interesting, George Kikvadze, Vice Chairman of BitFury firing some shots on twitter. According to him, those that might possibly change the POW protocol for Bitcoin will get prosecuted to the fullest extent. It is obvious why BitFury is terrified of a POW change, the company raised over $90M in funding which could become futile if Bitcoin’s consensus...

Darknet Marketplace AlphaBay Will Enable Ethereum Payments Soon

Ethereum has become one of the most popular and valuable cryptocurrencies to date. One thing that always seemed a bit unclear is whether or not the token will have any real life use cases. AlphaBay, one of the world’s largest darknet markets, announced they will integrate ETH payments as of May 1st. An intriguing development, that much is certain. ALPHABAY WORKS ON ETHEREUM PAYMENT INTEGRATION...

What's Hot from World

After ETF Rejection, What’s Next for Bitcoin On Wall Street?

Days after the first bitcoin exchange-traded fund (ETF) was roundly rejected by regulators, this much is certain: digital currency investors remain in waiting for the asset’s proper Wall Street debut. But, how long exactly might this be? And will bitcoin ever see mainstream market acceptance? Those are just some of the lingering questions that the tech’s avid supporters, and industry analysts, are now left with. However, a consensus on sentiment is starting to emerge. In the aftermath of the SEC’s decision, many in the industry are asserting that the rejection was more than...

Financial News

Financial Fraud Causes 2m GBP in Daily Losses for the United Kingdom

A lot of money passes through many different hands in the world of finance. Banks, brokers, and other intermediaries are responsible for ensuring every transaction is recorded properly. A new report by the FFA goes to show financial fraud costs the UK 2 million GBP ever year. A very disturbing number that causes a lot of concern. FINANCIAL FRAUD IN THE UK IS GROWING Whenever the overall scale of financial fraud increases compared to the previous, something is definitely wrong. For the United Kingdom, roughly 2 million GBP is lost every single day of the week due to financial fraud, according...

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Technology

Different Ways and Methods of Selecting a Secured Credit Card

A credit card is mandatory in our society. Even if you don’t need it for your loan, it is necessary to do shopping online to book a car, hotel, airfare or a hotel on vacation. If you are not eligible for a regular credit card, a secured one may be the only solution for you. A secured credit card is “plastic”, which uses cash deposit as collateral. There is usually a limit for the amount of cash...

Scaling Consensus? This Turing Winner Thinks He’s Found a Way

If a public blockchain is to be successful — whether its use is for currencies, smart contracts or something else entirely — it needs a consensus algorithm that can scale. While the race is on to develop a system that can do just that, a recent design by an eminent scholar could mark an advancement in this long-held quest. That design is called algorand, and its creator is MIT professor Silvio...

This Dark Web Market is Planning to Add Support for Ethereum

One of the most well-known dark markets is looking to add support for ethereum in the coming weeks. A moderator for AlphaBay – one of the world’s most popular dark markets, according to data from DeepDotWeb – took to Reddit over the weekend to announce that it would integrate ether payments beginning on 1st May. According to a PGP-signed moderator post on the AlphaBayMarket subreddit...

New Blockchain Solution a hybrid Blockchain called “Dragonchain.”

Blockchain enthusiasts were all too aware of how Disney is working on distributed ledger technology as well. The company has open sourced their dragon chain concept, which, in theory, makes it easier to integrate advanced blockchain features for third parties. Quite an exciting development, as integration existing systems with blockchain, has proven to be quite a challenge so far. Back in March...

Celebrities & Entertainment

Land Based and Online Casinos’ Status in Switzerland

Gambling was always extremely popular on the territory of Switzerland, whether banned or fully legalized. Only in 1993 gambling became a legal activity and now country has up to 20 land based casinos that offer fair gaming and a great selection of classic games. The oldest Swiss casino is believed to be Casino Barriere de Montreux that is located over Lake Geneva and was built in 1881. Well-known and popular top Swiss casinos in Switzerland, are located in these countries: Baden, Bern, Lucerne, Lugano, Montreux and much more. All gambling licenses are issued by the Swiss Federal Council...

Fashion - Shopping - Travel

Corkket.com Takes on eBay and Craigslist With Local Bitcoin Classifieds

A New York startup wants to take on Craigslist and eBay for local trading, encouraging its buyers and sellers to use bitcoin as much as possible. Corkket.com has chosen to focus on the hyper-local market, its interface directing users towards deals in their own neighborhoods first. It will also provide an escrow service for more trustworthy payments and promises full refunds to buyers who change their minds. To promote its bitcoin-focused approach, the company is launching its beta service with a ‘Bitcoin Picnic‘ in New York City’s Union Square for seven hours on Saturday...

Sport

On A Mission: Surfing SoCal Swells With Nixon’s Smartwatch

ALL THE DUDES at the beach called the swell delayed. The device buzzing on my wrist knows better. It’s well before dawn, but that doesn’t stop the Mission, Nixon’s first smartwatch designed for both water and snow sports, from ceaselessly vibrating. A “shred” alert activates. The early-morning swell has arrived. Years of circadian conditioning, tempered by decades of experience surfing 20-plus countries, has prepped me for the ebb and flow of today’s adventure wielding the Mission in SoCal’s breakers. The sun hasn’t even risen and my board is already strapped to the car. The Mission’s buzz is...