SEP 8 DIGEST: AXA Bank Considers BTC for Remittance Market; Bitcoin Group’s IPO Back on Track
French investment banking firm AXA is eying to use bitcoin for remittances; Australia-based Bitcoin mining operator Bitcoin Group is closer to being listed on the Australian stock exchange ASX, and more news
French investment banking firm AXA is eying to use bitcoin for remittances; Australia-based Bitcoin mining operator Bitcoin Group is closer to being listed on the Australian stock exchange ASX, and more top stories for September 8.
AXA Bank Considers Bitcoin for Streamlining Remittance Market
French investment banking firm AXA is eying to use bitcoin for remittances so that it can streamline payments around the world. AXA is treating digital currency as an “investment thesis” through AXA Strategic Ventures, the bank’s US$223 million fund, and its accelerator, AXA Factory. The bank thinks that many use cases related to Bitcoin have not yet been explored.
Bitcoin Group is Back on Track to be Listed on ASX
Australia-based Bitcoin mining operator Bitcoin Group is closer to being listed on the Australian stock exchange ASX. The company re-released its prospectus after having to withdraw the documents following questions from regulators. It is raising AU$20 million by issuing 20 cent shares, using most of the cash to buy new Bitcoin mining equipment. It is expected to list on the ASX on November 11.
UPS Exec Dreams of a Bitcoin Future on Corporate Blog
Rimas Kapeskas, the Managing Director of the UPS Strategic Enterprise Fund, has posted a blog post on UPS Corporate blog site “Longitudes,” focusing on how the company can improve through new technologies. He clearly sees the limitations of technologies like credit cards that create issues with account settlements and currency exchange rates that increase costs and waste time. Kapeskas believes Bitcoin could be a vast improvement.
South-Korean Law Enforcement to Launch Investigations on Altcoin Pump-and-Dump Schemes
South-Korean law enforcement is about to begin investigations on altcoin pump-and-dump and bitcoin Ponzi schemes. The Bank of Korea will support local law enforcement and agencies with the investigation and will provide the necessary infrastructure and technology to search for bitcoin-related scams. The joint investigation will also focus on the trading of altcoins that have no value or are suspected of being pump-and-dump schemes.
3 Wallets Want to Make Ethereum ‘Grandma-Friendly’
Ethereum took its first steps towards simplifying its user experience this week with the release of an EthereumWallet beta, a RushWallet version for the Bitcoin 2.0 platform. Cointelegraph decided to take a look at the 3 wallets that are aiming to end the era of command line and complex usability for Ethereum users.
Popcorn Time Creator Federico Abad Joins Xapo as Product Designer
Federico Abad, the creator of popular Netflix alternative Popcorn Time, has joined well funded bitcoin wallet service Xapo as product designer. Much like making BitTorrent user friendly through Popcorn Time, Abad will be helping Xapo make Bitcoin accessible for ordinary users.
Speaking on his role at Xapo, Abad said:
“I will make Bitcoin so friendly, that my mother can use it when she goes shopping.”
RibbitRewards Launches Wallet
Ribbit, a coalition rewards program using blockchain technology, has launched its RibbitRewards Digital Wallet. The RibbitRewards Digital Wallet is a digital multi-currency and rewards point wallet. While it is a RibbitRewards wallet, it has bitcoin and frankocoin capabilities built in as well.
On its blog, RibbitRewards writes:
“One of our goals at Ribbit.me is to help take blockchain technology to the mainstream. That’s why we’ve made it as easy as possible for everyone to use.”
NASA’s Mining Pool Might Soon be a ‘Constellation of Satellites’
By harnessing the processing power of a decentralized computer grid and the space environment that’s “ideal for spinning disk drives,” agencies like NASA can potentially process data more efficiently and less costly than traditional data processing centers, while rewarding and helping its users pursue a career in space exploration, create jobs and open up opportunities for scientists, researches and students.
Cointelegraph spoke with Gabi Dumitriu, the founder of Cryptospaceinitiative.org, an organization that aims to create the first “constellation of satellites” running a grid network in space that would orbit the Earth and help the International Space Station to process large volumes of data much faster.