Bitcoin Guru

The DAO Is An Obvious Succes s It is always good to see cryptocurrency projects doing quite well, and The DAO offers something entirely different than we have seen before. As we explained in a previous article, this initiative will make money through ingenious ways, which has attracted a lot of attention from new and existing Ethereum holders. However, no one expected this amount of money to be raised so quickly, as the campaign has surpassed the US$19m mark already. At the time of writing, close to 2 million ETH was found in the address associated with this crowdsale. Translating that to USD – at US$9.95 per ETH – we see a total of US$19,667,528.2. This is quite a significant amount in its own right, and it well surpasses the total amount of money Ethereum itself has raised in the past. Even though the US$18.5m raised during the Ethereum crowdsale was well above expectation, the numbers provided by The DAO show there is still a lot of room left for growth within this ecosystem...

12 shortlisted startups came from around the world to pitch for prizes at Award Ceremony held in Berlin on 17th May. Once the niche technology for coders interested in finance, today blockchains are recognised for their immense potential to disrupt a vast range of industries. To activate this innovation in Europe, GTEC launched an Innovation Award, supported by founding partners RWE and Globumbus, attracting applications from across the globe. Pitching their ideas at the Award Ceremony in Berlin on 17th May, the 12 startups on the competition shortlist came from Ghana, Israel, Germany, Italy and the UK. The founders presented a diverse range of blockchain applications - including decentralized ride-sharing, event ticketing, P2P donations, a decentralized architecture office, international shipping, and land registry in the developing world. Dr. Carsten Stöcker, Innovation Programme Manager, Blockchain Competence Team, RWE Innovation Hub, commented, "The fourth industrial rev...

Bill Barhydt, CEO of mobile payment application Abra, said today that his company has plans to expand its services to the rest of the world by November of next year, according to a telephone interview with CoinDesk. Abra has also informed investors that the company’s expansion strategy includes establishing a presence in North and South America, as well as Australia, Asia, Europe and the Middle East. In September of 2015, Abra received $14 million in Series A funding from several VC firms, and in March of this year, Abra made in into Plug and Play’s fintech accelerator. Despite last year’s sizable infusion of capital, Abra is currently operating only in the Philippines, allowing mobile users on any mobile network within the country to convert fiat into digital money via Abra Tellers, which are available nationwide. Filipinos can also cash-out directly from the Abra app into local fiat currency. As Barhydt puts it, the Philippines is a testing ground for the Abra app before it takes...

Charitable organizations stand to gain a lot from accepting Bitcoin payments, due to its global availability and very low transaction fees. The Against Malaria Foundation is the latest organization to accept cryptocurrency payments, although it is limited to a few countries for now. Donate Bitcoin To Against Malaria Foundation The number of charitable organizations around the world keeps on growing, as there are so many people in need of financial aid. The Against Malaria Foundation is trying to tackle one of the most severe life-threatening diseases of all time, and every single US Dollar is more than welcome in the ongoing fight against malaria. But as most people are well aware, every financial institution has to be evaluated on a regular basis. In the case of the Against Malaria Foundation, that evaluation process is handled by GiveWell. This process looks at how effective charities are in turning additional donations into a positive change for the world. Based on the findi...