December 9, 2014 - In This Issue:










DriveWealth Allows Users to Fund Account with Bitcoin

 DriveWealth, LLC - a widely recognized mobile investment platform - became the first financial service provider to allow its customers to fund their accounts with cryptocurrency Bitcoin. The company meanwhile also announced to integrate with the world's leading Bitcoin payment processing company BitPay to ensure security and flexibility of the entire project.


"Providing users with the added security of bitcoin as a payment method makes the whole process easier, and gives users peace of mind," says Tony Gallippi, Co-Founder and Executive Chairman of BitPay. "With Bitcoin, users will no longer have to wait days or weeks for an account to be funded because this integration will make their deposit process seamless."


And indeed, DriveWealth seems to have been taking Bitcoin very seriously while focusing to provide customers a flexible and speedy method to fund their accounts. The company understands the futuristic finance Bitcoin brings to the table when it comes to making international transactions smoother, while staying much secure and handy than the traditional payment methods. Much can be explained better with the statement of DriveWealth

Hellobit to Reduce Global Remittance Costs with New Bitcoin App

San Francisco-based startup, Hellobit, aims to lower international remittance costs drastically with its latest payment offering.


The company plans to release an app that allows consumers to send and receive cross-border payments. Using bitcoin as the primary medium for digital transactions, the startup would be able to cut remittance service fees by as much as 12 percent.


Ali Goss, CEO of the payments company, said, "Overall, the transaction should cost much less than the traditional methods. If we can reduce the cost associated with sending one's own money globally by even 5 percent, it would save consumers $25 billion a year."


Hellobit's approach to bitcoin remittance is very similar to Uber's consumer connection model. Through the company's app, users would be able to connect with nearby currency exchangers, i.e. businesses, large establishments or individuals. Once connected, a person can receive payments in the local currency.


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Shoppers are sold on the online revolution

One in three items of clothing, furniture and household appliances bought in Britain are now purchased online, new analysis has shown.

For the first time families are using the internet for more than 30 per cent of the main shopping they do outside of groceries bought in supermarkets and convenience stores.


The figure reached a record high in November thanks in part to "Black Friday", when shoppers spent nearly �10,000 a second online on discounted televisions, cameras and other items.


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Bitcoin Comes to the Middle East this Week with the Dubai Bitcoin Conference

DUBAI, United Arab Emirates, Dec. 9, 2014 /PRNewswire/ -- On December 12th & 13th the Dubai International Financial Center (DIFC) is hosting the Dubai Bitcoin Conference, a gathering of local and international leaders in the rapidly expanding digital currency space.


Recently, the digital currency known as Bitcoin has gained significant traction in the financial sector.  In the last year, companies involved in this technology have been recipients of more than $300 million in venture capital investments.


Billion-dollar corporations, including Dell and Overstock, now accept bitcoin as a form of payment. Proponents believe the currency will transform not only the financial landscape, but the world as we know it.


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Why Millennials Should Buy Bitcoin

It is entirely fitting that the first crypto currency was born of a mystery creator, known by the pseudonym Satoshi Nakamoto. Nakamoto wrote Bitcoin into existence using C++. He posted a white paper about it. And then he disappeared. But his legacy did not -- Bitcoin has been gaining traction, legitimacy and value since 2009. Today its market cap is over 5 billion dollars strong.


There are many reasons why the rise of bitcoin is in the best interests of millennials. But in this piece, I'm going to focus on one: we should support bitcoin because of the new behavior it enables online.


As of November, we can begin microtipping on websites. Micropayments (payments less than $1.00) are generally too expensive for traditional payment networks to support. Bitcoin is the first to allow small amounts of money to exchange effortlessly anywhere in the world. Already, over 30% of the orders on Coinbase are $1 or below. This development has two major implications. The first is its ability to disrupt the fundamental funding mechanism of the internet.


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6,000 Merchants in Romania Can Now 'Opt In' for Bitcoin Payments

One of the biggest online payment processors in Romania is integrating a bitcoin option into its services for merchants.


Netopia mobilPay said the move would provide more than 6,000 partner retailers with the ability to process bitcoin payments, with no additional development costs.


"We see a great future for bitcoins, however, we cannot estimate the impact on the market. There are a lot of things to take in consideration. We are setting the foundations, and future will tell us if we are right (or not). "


Emerging Startups Take Stage at Latin American Bitcoin Conference 2014

The second annual Latin American Bitcoin Conference took place in Rio de Janeiro this weekend, drawing 37 speakers and more than 200 attendees from 6th to 7th December.


The wide range of speakers at the event included bitcoin core developer Jeff Garzik, BitPay's Toni Gallippi, BitGive's Connie Gallippi, Bitreserve's Juan Llanos and Ethereum's Anthony Di Iorio.


Latin America provided a complex backdrop for the event, as many countries in the region face a mixture of social, political and economic pressures. In turn, bitcoin development has been impacted by this uncertainty, even as Brazil and Argentina look to lead the region's industry into a new wave of growth.


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Bitcoin Hardware Wallets Could Become as Ubiquitous as Smartphones

Although computer geeks have known this for quite some time, the plethora of security issues involving the computers we use on a daily basis are now becoming more obvious to the mainstream. Many have become more security conscious in the aftermath of the Snowden revelations, but real solutions for enhanced security of passwords, communications, and data are still not available to the masses. This is where hardware devices come into play.


The types of hardware wallets that can be used to sign bitcoin transactions offline can also be used to securely log in to websites, store passwords, encrypt and decrypt messages, and take care of many other enhanced-security measures. These sorts of hardware devices already exist for multi-factor authentication, but bitcoin is basically bootstrapping more advanced versions of this hardware.


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