Bitcoin boundaries blurred

March 8th, 2017
"There are no traffic jams on the extra mile." – Zig Ziglar
**CONSENSUS 2017**
 
We're excited to announce that Nimrod Lehavi, CEO and co-founder of Simplex, will be joining us to talk about fraud and bitcoin payments. You won't want to miss this panel.

May 22-24 in New York City
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THE FEATURE

Bitcoin Payment Platform Align Commerce Raises $24 Million, Rebrands


In a move that reinforces that enterprise blockchains are not hogging all the funding action, Align Commerce has completed a $24m funding round.
 
This will allow the bitcoin-based payments company to rebrand as Veem, and to expand its operations.
 
The expansion will not only be geographical. In conversation with CoinDesk, co-founder and CEO Marwan Forzley revealed that the company is also looking at using other blockchains for its services.
 
The strategy highlights what could become a trend, as evidenced by recent moves from Circle and others: the blurring of boundaries between bitcoin and other protocols.
 
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*STATE OF BLOCKCHAIN 2017*

Rather than simply testing proofs of concept, incumbent firms began to take more dedicated steps toward making their vision of blockchain's impact apparent over the course of the year.



CoinDesk's State of Blockchain 2016 Year in Review summarizes key trends, data and events from the Q4 2016 and the year as a whole.

SEE THE REPORT 
Wait, there's more:
One of Bitcoin's Big Funds is Selling Ahead of the ETF Decision
The Global Advisors Bitcoin Investment Fund believes that the market is overly optimistic on the likelihood that the Winklevoss Bitcoin ETF will get official approval. The SEC is due to give its decision by Friday, according to CoinDesk sources. Read more.

Bitstamp Partners with Banking Giant for Bitcoin Investment On-Ramp
The European bitcoin exchange and Crédit Agricole have teamed up to launch a new service aimed at allowing bitcoin to be accepted by investment funds. The goal is to increase capital inflows to new investment funds by providing an alternative funding method. Read more.

Why Bitcoin Remittance Companies Are Still Shrugging Off Swift
CoinDesk spoke to startup CEOs on the tussle between the bitcoin-based remittance sector and the incumbents. All agree that the Swift GPI is unlikely have much influence on their growth. Read more.
 
Chinese Exchanges to Resume Bitcoin Withdrawals Pending Regulator Approval
Huobi, OKCoin and BTCC have indicated that their exchanges have been upgraded to meet the standards advised by regulators earlier this year, and have committed to following all AML and foreign exchange laws. Read more.

Russian PM Orders Research on Public Sector Blockchain Use
Prime Minister Dmitry Medvedev has asked two government ministries and a state-owned development bank to investigate public sector blockchain applications, with initial responses due by May 11th. Read more.
 
Local Government in South Korea Taps Blockchain for Community Vote
The populous province of Gyeonggi-do used Blocko's Coinstack platform to vote on community aid projects. This marks a departure from the usual method of closed-door deliberation on awards. Read more.

MIT Expo Spotlights Bitcoin Tech Concerns
CoinDesk reports from the MIT Bitcoin Expo, where scaling debates raged alongside concerns over the fall in numbers of full bitcoin nodes. Read more.
 
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