Exchanges Come to Life, Bitcoin Prices Advance in Otherwise Quiet Week

Another quiet summer week in the crypto-sphere still saw its fair share of development in the Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term technology space, as well as more venture investment.

Bitcoin-powered Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term startup Bitreserve, which pegs user holdings to fiat currencies or precious metals, raised another $2 million through crowdfunding. BitX, a bitcoin wallet, merchant service and exchange, got $4 million in a Series A round led by the payments arm of South Africa internet giant Naspers' Group.

French banking giant BNP Paribas is the latest financial institution to disclose toying with blockchain technology, trialing it for its trading operations. Tunisia's government and French Bank Société Générale are looking for unpaid interns to explore Bitcoin and blockchain technology.

Coinffeine, a Spain-based bitcoin exchange, officially launched following a trial phase. The exchange is unique in taking the form of open source, non-web based software, aiming to facilitate decentralized, peer-to-peer (p2P) bitcoin trading without the need for a central custodian over funds.

Tyler and Cameron Winklevoss applied to the New York Department of Financial Services (NYDFS) to grant their envisioned bitcoin exchange, Geminin, a trust company charter.

Bitcoin prices closed the week higher by 3.2% at $288, advancing to their highest levels since breaking $300 two weeks ago. Litecoin closed the week higher by 18% at $4.58, continuing its wild ride.