Play Labs, LLC and the MIT Game Lab announced this week that they are open to applications from a new round of startups who wish to participate in their “playful technology” accelerator program. Successful applicants will receive mentoring, facilities, and funding (in cash or Bitcoin) in return for common stock. The incubator hopes to receive applicants from startups developing technologies for use across a broad spectrum of industries, including finance, healthcare and manufacturing. Examples of technologies the incubator hopes to see amongst startups span the realm of digital currency/blockchain, eSports/video games, VR/AR and machine learning/AI. The program will be ran by Rizwan Virk, an MIT
The Crypto boom seems to be at an all-time high with the Bitcoin market recovering from the recent dip. However, there is a new thing coming. BeeChat is a blockchain based messenger and also, a cryptocurrency community. Built using proprietary distributed technology with servers implemented around the world, BeeChat offers reliable communication in an ever-changing cryptocurrency landscape. After going live in October, this network has captured millions of users around the world and currently supports hundreds of millions of messages per day on its network. It also supports over 10 digital currencies, provides messaging and communications services, cryptocurrency discussions and groups, cryptocurrency wallet, and industry
Nokia has partnered with OP Financial Group, a Finland-based financial services group, to use blockchain technology to establish more trust in managing health data. According to a Nokia blog, the purpose of the pilot project, which involves 100 people, is to provide individuals more control over their personal health data. “Nokia’s experimental blockchain platform used in the pilot puts the focus on privacy and giving users full control over their data” is said from the company. To achieve this, they say any data that the users decide to share are encrypted, and can only be read by the intended participant on the platform, in this case OP. The
Sirin Labs, the developer of the Solarin ultra-secure mobile phone, announced that it has signed up Barcelona star Lionel Messi as its brand ambassador. Except the Solarin, the company is now preparing to release an all-in-one PC, called Finney, for Blockchain enthusiasts that will make Blockchain integration much more user-friendly. Messi’s endorsement is meant to open up a wider audience for those who haven’t ever heard of Blockchain technology. In a promotional paid Facebook post, Messi said: “I am usually busy trying to decentralize defenses and after digging deeper into Blockchain and decentralized systems, I’m excited to join Sirin Labs as an ambassador to make
In the world of virtual reality, everything (well, almost everything) can be perceived and understood better. Same goes with cryptocurrencies. Bitcoin can definitely be hard to imagine, as it’s not physical asset. Even if you are familiar with the way blockchain works, it is still hard to put it in the real picture. Usual graphs and charts make the life even more miserable, so somebody actually discovered more evocative way of depicting bitcoin. We are presenting you – Blockchain 3D Explorer. Kevin Small has created a blockchain explorer that enables anyone to view the bitcoin blockchain in 3D or VR. The British developer is planning
After the People’s Bank of China (PBoC) imposed a temporary rule that initial coin offerings (ICO) are illegal and that startups must refund all ICO investments to contributors, The Central Bank of Russia also said that it “monitors” the cryptocurrency market and is continuing to develop a regulatory framework for cryptocurrencies. There is a question though – what are central banks over the world exactly scared of? Russia’s central bank is against allowing cryptocurrencies or any related financial instruments within the Russian Federation. In that way, they reiterated statement from January 2014 which explicitly compared bitcoin to a “money surrogate”, rendering it illegal in the
There’s no denying that blockchain technology is taking a strong foothold in the market, and that it can no longer considered a fad. Using a graphics card to mine cryptocurrencies is somewhat a controversial topic, as gamers complain about the inability to acquire graphics cards to be gaming cards. However, financial results from AMD and NVIDIA are showing that a double digit revenue improvement, and profits associated with it will enable both companies to invest more in R&D. We are not far off from companies offering dedicated mining cards which might even split from the brands of today. After all, NVIDIA Tesla used to be
The value of Bitcoin will go beyond its use as a virtual ‘currency’, but will extend to how the Blockchain operates as a ledger of transactions.
Blockstream has an ambitions goal to build on Bitcoin’s underlying technology to securely transfer more than just virtual currency, but also data and more.
With Bitcoin-oriented startups gaining ground with institutional investors, we take a look into the challenges ahead for companies and the cryptocurrency community.
With BlockChain raising a $30 million in Series A funding, Bitcoin-related startups gain more support from mainstream investors. What are the prospects for Bitcoin in the long run?