eToro Hosts First Israeli Bitcoin Hackathon

The Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term Foundation is presenting Bitcoin 2013: The Future of Payments in San Jose, CA this weekend. While logistics and timing limited many bitcoin enthusiasts from reaching the big event, there is no lack of local happenings taking place around the world. In Israel, the country’s first bitcoin hackathon was announced for the end of the month, starting May 30. As stated on the event’s site “the BITCOIN Hackathon is a 48-hour coding marathon. The purpose of the hackathon is to give developers, designers, entrepreneurs and BITCOIN-fans the chance to pitch ideas involving only BITCOIN - form teams - build a prototype of their idea, all within only 48 hours!”

An interesting spin on the hackathon is that it will be hosted by social trading broker eToro, in its Israeli offices. The broker and its CEO Yoni Assia have been vocal in their support for both bitcoins and hackathons, so the choice of venue isn’t a surprise. This past February, eToro ran an internal hackathon for its employees to produce innovative ideas for the broker to implement in its offerings. In regards to bitcoins, eToro has spoken positively about the digital currency and has mentioned plans to offer bitcoin deposits. However, until now, bitcoin related talk has been just that, talk. As such, with their involvement in the event, it will be interesting to see if they will also provide influence and resources for the promotion of trading related bitcoin products.

Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates reached out to the broker for more information on their involvement with the event and their future plans for bitcoin. Answering, Yoni Assia, eToro CEO and Founder said to Forex Magnates "Since early on, we were very interested in Bitcoin. This new kind of currency stands for everything eToro believes in: an open, transparent and boundaryless financial world. We are excited to host Israel's first Bitcoin Hackathon, and positive that the Israeli entrepreneurial mind will come up with amazing new ideas that will continue to influence and contribute to the growing Bitcoin vision and community."