Bitcoin Product of the Week: Silent Pocket Make Your Device Undetectable

Bitcoin Magazine
Bitcoin Product of the Week: Silent Pocket Make Your Device Undetectable
silent-pocket

Silent Pocket is the first product featured as the Bitcoin product of the week, a new series from Bitcoin Magazine highlighting some of the cool, interesting, or funny things you can buy with bitcoin. What should we cover next week? Let us know at hello@bitcoinmagazine.com.

Silent Pocket is a wireless shielding technology integrated into sleek leather goods like bags, pouches, backpacks, etc. which makes any device undetectable by instantly blocking cellular, GPS, WIFI, Bluetototh, RFID and NFC in all frequencies.

The feature prevents potential data breaches, hacking attacks or identity theft on mobile devices and other hardware such as bitcoin hard wallets and by protecting all devices, including cell phones, credit cards, passports, tablets and computers.

“Aside from preventing identity theft and fraud as well as corporate espionage, there are also social concerns with being constantly connected,” the Silent Pocket team says. “While technology has provided us a means of connection that would have never been possible otherwise, it is also causing many to feel spread too thin.”

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Silent Pocket could also protect Bitcoin hardware wallets such as Trezor or Case, which must be connected to the Internet to access or to send transactions. Although it may be highly unlikely, leaving hardware wallets connected to a public Wi-Fi connection for a long time could make the wallets vulnerable. By completely disrupting all signals, Silent Pocket cuts off the connection of a Bitcoin hardware wallet to an Internet/Wi-Fi connection completely.

The interior of Silent Pocket leather wallets and bags are surrounded by interlocking magnetic RF seal and a combination of the best radio frequency EMR shielding material.

Currently, Silent Pocket offers a credit card wallet, iPhone 6 case, passport wallet, clutch wallet, briefcases and backpacks. Want one? Silent Pocket is available online and can be purchased with bitcoin.

 

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UBS Launches Future of Finance Challenge for Fintech Entrepreneurs and Startups
ubs

In April, Bitcoin Magazine reported that UBS was planning to investigate blockchain technology in a new innovation lab based in London. The innovation lab located in Level39, Europe’s largest technology accelerator space for finance and cyber-securities, focuses on exploring the role of blockchain technology in financial services.

“Our innovation lab at Level39 will provide a unique platform to explore emerging technologies such as blockchain and cryptocurrencies, and to understand the potential impact for the industry,” said UBS Group CIO Oliver Bussmann.

UBS, a Swiss global financial services company with its headquarters in Basel and Zürich, Switzerland, provides investment banking, asset management and wealth management services for private, corporate, and institutional clients worldwide. Operating in more than 50 countries with about 60,000 employees around the world, UBS is the biggest Swiss bank and is considered as the world’s largest manager of private wealth assets, with more than 2.2 trillion Swiss francs (CHF) in invested assets.

Now UBS has launched a call for ideas to the financial technology community.

”Today is a very exciting day for UBS,” writes Bussmann on Linkedin’s Pulse. “We have launched the UBS Future of Finance Challenge, a competition which is open to entrepreneurs and startups around the world with potentially disruptive technological ideas and solutions to support the transformation of the banking industry.”

Entries can be submitted by entrepreneurs and startups with revenues of less than $3 million USD, which have received less than $10 million USD in funding and were incorporated on or after January 1, 2010. The closing date is September 23, 2015. UBS is offering the regional and global finalists cash prizes and accelerator places worth more than $300,000 USD and more than 300 hours of dedicated coaching from UBS mentors and partners.

“We recognize there is a lot we can learn from entrepreneurs and startups,” says Bussman. “Hence why we were so pleased to be the first global bank to move into Level39 in London. Ultimately our ambition is to help shape a more open and collaborative financial services industry and to jointly develop new solutions for our clients.”

The Future of Finance Challenge is divided in four main categories where technology can transform how the bank works and what it delivers for its clients: Secure Banking, Client Experience, Superior Offering and Banking Efficiency. In order to address these challenges, UBS suggests a long list of innovative approaches and potentially disruptive technologies that might be relevant. The list includes a wide range of currently hot technology buzzwords, including some that are (at this moment) only weakly related to the business of banking, such as immersive virtual reality environments and quantum processing.

Bitcoin Magazine readers and Bitcoin companies interested in participating in the UBS Challenge will be especially interested in these technologies mentioned in the UBS call: blockchain applications, blockchain technology, cryptocurrencies, data analytics, digital identification, digital marketplaces, digital vault, distributed ledgers, mobile technology, security and privacy verification and smart contracts. It seems likely that, by leveraging these technologies in combination with the others mentioned in the UBS call, participants will be able to come up with innovative ideas and solutions for UBS and the banking industry.

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Visa to Deploy Blockchain Research Team in Bangalore, India
visa

In June Bitcoin Magazine reported that the top three credit card companies – American Express, MasterCard and Visa – are exploring uses of Bitcoin and the blockchain technology. They can see the threat from blockchain fintech, and are considering ways to integrate selected aspects into their own operations. In related news reported in July, Visa participated in a funding round for Bitcoin-friendly payment processor Stripe, which valued Stripe at $5 billion.

Now it appears that Visa, the world’s largest payment network, will soon deploy a team of developers in Bengaluru (Bangalore), India, to use blockchain technology to improve its digital payments processes, Live Mint reports.

“For now, the focus of this technology innovation center will be on Visa Checkout and mVisa (Visa’s two new digital mobile payment products), but for certain, India will soon have teams that will jointly work with our two research labs in U.S. and Singapore in studying the many aspects of blockchain,” said Rajat Taneja, executive vice-president of technology at Visa.

Last week Visa announced the opening of its new technology development center in Bangalore, which will host 1,000 fintech engineers and play a central role in the company’s efforts to accelerate digital commerce globally. As part of the opening ceremonies, Visa announced mVisa, a new mobile payment service that will be tested this summer with merchants across the Bangalore region and with customers of Axis Bank, HDFC Bank, ICICI Bank, and SBI (State Bank of India).

“India has fast become one of the world’s most important technology epicenters with an incredible pool of technology talent,” said Visa CEO Charlie Scharf. “Our new center in Bangalore, which complements others planned for Singapore and the U.S., will help Visa to accelerate the development of next-generation payment solutions that enable secure, digital commerce through connected devices like mobile phones, PCs, tablets and even cars.”

Considered the innovation hub of India, Bangalore, which was selected in November to host Visa’s technology center in that country, offers Visa the ability to attract world-class talent in a thriving community with world-class innovation centers and technology facilities.

Other Indian technology companies, such as Tata Consultancy Services and Infosys, have invested in blockchain technology. In fact, almost a third of the work done by Indian IT firms is for global banks, and many global banks are trying to jump on the blockchain bandwagon before it’s too late. Visa itself, which outsources part of its technology development to Infosys and other Indian firms, said it is open to working with some of them on blockchain-related developments.

In April Visa hired former Google scientist Min Wang to lead the research teams from its San Francisco office. “Digital commerce is rapidly evolving due to the introduction of new technologies,” said Taneja. “I am excited to expand our technology research efforts and have Min lead Visa Research Labs.”

Taneja added that Visa’s technology research effort has the potential to transform the lives of millions of unbanked consumers by finally providing them with access to secure digital commerce.

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HashFin Corporation a wholly owned subsidiary of HashingSpace Corporation Launches Bitcoin Mining Pool – HASHPOOL.COM with iOS and Android Apps for Bitcoin Miners
HashingSpace-Screenshot

Launched today, HashPool offers both GEO-IP load balanced, Stratum and P2P mining pools and is seeing higher payouts than other leading pools with a more user friendly, intuitive and functional system then seen in rest of the market. HashPool has undergone extensive testing and improves on features from the top 10 current Bitcoin mining pools worldwide. HashingSpace’s mission is to build out key infrastructure for the global adoption of Bitcoin including Bitcoin Mining Farms, ASIC Miner Colocation, ATM’s and Wallets.

WENATCHEE, WA / August 12, 2015 / HashingSpace Corporation (OTCQB: HSHS), a Bitcoin ASIC mining and hosting company, announced today that it has launched a new public Bitcoin mining pool called HASHPOOL. This mining pool is accessible to anyone on the Web, or from iOS and Android devices through the HASHPOOL.COM website or app stores. As an aggressively growing Bitcoin datacenter and hosting company, HashingSpace is excited to bring to its customers a user friendly tool to manage and operate their mining farms.

HashPool has a robust set of features that include:

All Pools are GEO-IP load-balanced for highest efficiency and lowest latency
One node URL will find the closest and lowest latency node with automatic failover
PUBLIC P2POOL – Peer to peer pools all working together to accelerate payouts
PUBLIC STRATUM POOL – For large mining operators
Unified user reporting for all nodes
Web – iOS – Android App ready
DDOS Protected
More Intuitive and user friendly interface
Miner alerts based on Hash power and up/downtime
Robust reporting and analytics
Prompt payouts and rewards
Comprehensive Hashing reports
Seeing higher payouts than other top pools
Hashpool web version is FREE
App for iOS and Android is only $29.95

HashingSpace’s Hashpool is continuing to expand its node capacity around the world. Nodes can currently be found in the following locations based on the lowest latency:

US East                        N Virginia
US West                      Oregon
US West                      N California
EU                                Ireland
EU                                Frankfurt
Asia Pacific                 Singapore
Asia Pacific                 Tokyo
Asia Pacific                 Sydney
South America           San Paulo

“We are excited to bring to the Bitcoin marketplace what we feel is the most well designed and user friendly mining pool portal and mining pool apps available. This allows our customers to maximize their mining capabilities and increase their profits, I personally used the top 10 pools and took what I felt was missing or was hard to use and built what I believe is the best pool app on the market,”

shared Timothy Roberts, the Chief Executive Officer of HashingSpace Corporation.

“This completes another goal of ours to provide intuitive, convenient, robust and secure bitcoin solutions to the Bitcoin community. We have created a Bitcoin mining App that allows bitcoin miners worldwide to come on board and begin to maximize their mining capabilities. Anyone can purchase the app from the iTunes or Google Play stores and join our public mining pool to increase their profits.”

Mr. Roberts continued,

“Our mining pool has been set up to be conveniently accessed with the HASHPOOL.COM portal and mobile Apps. HashPool is accessible on the Web, and on IOS and Android devices. The mining app is robust with a wide range of data available so that our mining customers can have real time monitoring, alerts, rewards and payout capabilities.”

To visit HashPool please go to www.hashpool.com or www.hashingspace.com

HashingSpace Corporation’s business will provide a wide range of services to include:

· HASHHOSTING             Servers fully managed and specifically set-up for ASIC MINING
· CLOUDHASH                 Cloud mining servers that can be rented with full hashing power
· HASHMINING                Our own Mining Farm
· HASHATM                      Owner and operator of Bitcoin ATM machines
· HASHWALLET                Bitcoin consumer wallet for bitcoin banking and transactions
· HASHPOOL                    Public Stratum and P2Pool (Web/IOS/Droid)
· HASHTICKER                  Free Ticker for tracking Bitcoin Value (Screen Saver/Web/IOS/Droid)
· HASHVAR                        A wholesaler of Bitcoin servers and Bitcoin ATM machines

All company information, including stock trading, filings, and market data related to the company, is reported under the ticker symbol, HSHS.

About HashingSpace Corporation

HashingSpace Corporation is a Bitcoin ASIC mining company, hosting provider, and service provider of blockchain transactional services. HashingSpace’s high density datacenters are designed to meet the demanding power and cooling needs of client hosted Bitcoin mining gear with unparalleled pricing, cooling and green energy. The Corporation is continuing to expand its datacenters to satisfy the shortage of low cost hosting facilities catering to the Bitcoin and blockchain mining and transactional verification services industry specifically.

HashingSpace Corporation manages HashWallet, a Bitcoin wallet; HashPool, a Bitcoin
mining pool; and HashATM, the owner and operator of Bitcoin ATM machines. The company is a wholesaler of Bitcoin mining servers and Bitcoin ATM machines. Bitcoin businesses interested in reselling HashingSpace products and services are invited to reach out to HashingSpace Corporation for more information.

HashingSpace Corporation is headquartered in Wenatchee, Washington. For more information, visitwww.hashingspace.com.

Any unreleased services or features referenced in this or other press releases or public statements may not be currently available and may not be delivered on time or at all. Customers who purchase HashingSpace services should make their purchase decisions based upon features currently available. For more information please visit http://www.hashingspace.com or call 1-855-HASHING (427-4464).

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the Company’s current plans and expectations, as well as future results of operations and financial condition. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Company Contact:
HashFin Corporation and
HashingSpace Corporation
5042 Wilshire Blvd. #26900
Los Angeles, CA, 90036
855 – HASHING (427-4464)

Investor Relations: ir@hashingspace.com

 

This press release is for informational purposes only. The information does not constitute investment advice or an endorsement by Bitcoin Magazine or BTC Media, LLC. Bitcoin Magazine does not certify the accuracy of the above information provided by HashingSpace Corporation.

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Former Qualcomm Engineer on the Future of Bitcoin Mining: Decentralize the Pools
server-farm

There are plenty of people who believe they can predict the future of Bitcoin, but no one can really say for sure what will happen over the next five to 10 years. Some say that bitcoin will become the new reserve currency of the world, while others say issues involving scalability or regulation will eventually get in the way. Although no one can know what will happen, it’s still useful to analyze where Bitcoin has been, where it is right now, and where it may go in the future.

Dave Hudson, who is vice president of software architecture at Peernova and previously worked at Qualcomm, was recently interviewed on the Epicenter Bitcoin podcast, where he was asked about his thoughts on the future of mining by co-hosts Brian Fabian Crain and Sébastien Couture. Hudson runs one of the most popular Bitcoin mining blogs at hashingit.com.

Mining is Going to Burn a Lot of Energy

Although it’s unclear if the environmental costs associated with Bitcoin mining are something that could threaten the longevity of the network, it’s clear that Hudson takes issue with the amount of energy that is spent on hashing power. These sorts of environmental concerns have inspired researchers to seek out alternatives to proof-of-work, such as proof-of-stake, but it appears that Hudson does not think anybody has found the proper solution. He noted:

“Mining, intrinsically, is something that’s going to burn a lot of energy, so it has some implications because of that. I don’t know of anybody who’s yet come up with a good proposal of how you avoid that as a problem . . . Trying to find solutions to that would be extraordinarily useful.”

Decentralizing Actual Hashing Power is Not the Issue

The centralization of mining power is what many Bitcoin critics point to as the network’s biggest weakness, and the reality is that it’s extremely difficult to tell exactly how centralized mining has become over the years. While it’s easy to find a breakdown of the overall network hashrate in terms of mining pools, figuring out which entities are behind the actual hashing power is much more difficult. Dave Hudson shared his thoughts on hashing power decentralization during the Epicenter Bitcoin interview:

“If you want a network that is largely based on no centralized point of trust within it, there has to be some work done in terms of decentralizing the mining itself. Not actually the hashing — the hashing is actually the least interesting part of the decentralization … The worry right now is it’s very easy for one miner to gain a very, very large share of the total hashrate, and it’d be very difficult for anyone to necessarily know that was happening.”

Mining Pools Need to Become Decentralized

In Hudson’s eyes, it’s clear that the mining pools are the aspect of the mining process that needs to be decentralized:

“There has to be a big push towards decentralizing transaction selection and transaction processing. So this is really down to how the mining pools work, for example. We really need to get to a stage where there are no large mining pools, and that may not be something that is possible within the current Bitcoin network. It may be possible — certainly it’s possible with a hard fork, but I think hard forks themselves are problematic. If you could have a thousand pools, each of which control 0.1 percent of the network and could be demonstrably not actually colluding in some respect, you have a much better decentralized network.”

One of the main reasons it is imperative that mining pools remain as decentralized as possible is that they become an easy attack vector when they control too much of the network hashrate. Mining pools are able to censor transactions, which means they can also be coerced by governments into censoring certain types of transactions.

The point of Bitcoin is supposed to be censorship resistance, and the network begins to lose its core value proposition when the total number of mining pools are limited. In a situation where there are only a handful of mining pools controlling the vast majority of hashing power, it becomes more difficult to see the difference between Bitcoin and PayPal.

 

Photo BalticServers.com / Wikimedia

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