I would recommend sellbitbuy.net for starting a bitcoin exchange

Hello all,

I have just shared my experience in this one. Initially, I had an idea to start the bitcoin exchange platform which connects the local buyers and sellers in local as well as international transactions. Bitcoin is transacted peer to peer instantly and securely. Then I contacted sellbitbuy.net for constructing the exchange website. They proposed a deal and agreed with my requirements. They helped me from the scratch to launch the bitcoin exchange website. Sellbitbuy had given me the clone script which is embedded with KYC, AML, escrow, OTC trading, peer to peer, local trade etc.. The design and user interface is already tested and developed in their script, so there is no need of designing a new one.

The following features are available:

Secure registration

KYC verification

Payment gateways

Funds deposit module

Funds withdraw module

 Share your feedback in the comments below.

7 Asian Banks Investigating Bitcoin and Blockchain Tech

Until recently, there was a noticeable lack of interest in bitcoin and the blockchain among the financial institutions of Asia. In fact, banks there were more likely to be issuing warnings about digital currencies than getting involved in any related activity.

It was the fall of Mt Gox in Japan and the Chinese central bank's crackdown on bitcoin exchanges, events that both took place in 2014, that resulted in early barriers among financial institutions in those nations.

However, the recent upsurge in the popularity of blockchain technology in the global finance sector seems to have at least somewhat laid those concerns to rest. Now, the region's banking sector is showing the same growing enthusiasm for the tech's disruptive potential in banking that can be seen in Europe and North America.

Evidence of this sea change can be seen in the number of large financial institutions in China, Japan and Korea that have recently moved to launch or support initiatives involving blockchain and digital currency, and develop proofs of concept around forward-looking applications of the technology.

Read more @ http://www.coindesk.com/7-asian-banks-investigating-bitcoin-and-blockchain-tech/

UN Paper Claims Bitcoin Solutions for Developing Countries Could Be Interpreted as Neo-Colonialism

These questions draw diverse opinions among cryptocurrency observers and economic development experts worldwide. The answers are not immediate, given the youth of bitcoin and blockchain technology, but the journey to finding them promises to be exciting.

Brett Scott, an independent researcher and consultant on alternative finance and financial reform, has authored an analysis of these topics in a paper released this month for the United Nations Research Institute for Social Development (UNRISD), an autonomous, Geneva-based U.N. research institute. The paper is titled, “How Can Cryptocurrency and Blockchain Technology Play a Role in Building Social and Solidarity Finance”?

Scott, a senior fellow of the Finance Innovation Lab in London, summarizes efforts to use bitcoin and the blockchain in improving some of the world’s most pressing economic problems. He also examines the challenges of financial inclusion within the context of techno-libertarian evangelism and techno-colonial solutionism ideologies.

The potential for bitcoin and the blockchain to empower social and solidarity-based finance has yet to be truly tested, Scott notes at the outset. His 25-page paper is intended as a primer on the basics of bitcoin and the current narratives about its potential to facilitate financial inclusion, remittances, cooperative structures and micro-insurance systems.

Read more @ https://www.cryptocoinsnews.com/will-bitcoin-blockchain-build-finance-developing-economies/

Bitcoin market surge bolsters Digital X

Fintech firm Digital X has reported a total operating and investing cash flow of $410,000 for the first half of the 2016 financial year on the back of a second quarter increase of 33 percent year-on-year to $746,000.

DigitalBTC, trading as Digital CC, was formerly involved in bitcoin mining, a procedure whereby a company is rewarded with the cryptocurrency for performing calculations that secure the blockchain and confirm the validity of a transaction.Previously, Digital X was listed on the Australian Securities Exchange (ASX) as DigitalBTC, undergoing not only a name change in October, but a shift in business model as well.

However, the company did not ditch the cryptocurrency altogether, spending over $9.54 million on bitcoins and $623,000 on the cost of running and hosting its bitcoin mining equipment in the three months ending December 31, 2015.

Read more @ http://www.zdnet.com/article/bitcoin-market-surge-bolsters-digital-x/

Will the Upcoming Mining Reward Halving Impact Bitcoin’s Price?

The reward for mining Bitcoin is expected to see the second halving in its history later this year, potentially in June or July.

Bitcoin, a deflationary store of value as opposed to reserve currencies and fiat-money, has had its total supply limited to 21 million bitcoins since the original code released by Satoshi Nakamoto in 2008. Unlike fiat currencies that can be printed at will by central banks, the total supply of bitcoins is fixed by the consensus rules of the system. Because of its deflationary nature, the digital currency is often compared to precious metals such as gold, which also undergo a resource-intensive creation or mining process.

This process of mathematically securing transactions in a block of chains called mining requires a tremendous supply of computing power and electricity. In exchange for securing the Bitcoin network and processing transactions, the protocol currently rewards these miners with 25 bitcoins for every block of transactions found. However, this reward for miners will soon be cut in half from 25 bitcoins to 12.5 bitcoins. This “halving” will occur at block 420,000, which is expected to be mined in the middle of 2016.

Read more @ https://bitcoinmagazine.com/articles/will-the-upcoming-mining-reward-halving-impact-bitcoin-s-price-1455126224

Bitcoin Services Show How Being Finance-Agnostic Can Be Beneficial To Consumers

One of the things that confuse a lot of people is the relationship between bank accounts and Bitcoin services linked to this particular financial medium. If a Bitcoin company goes bust, the bank account in question will not be affected. But if a bank goes bust, how will it impact the Bitcoin service? Things are far simpler than most people would assume as there is no reason funds would be gone.

Bitcoin exchanges will let customers add several bank accounts if they prefer to do so. In return, this gives consumers plenty of ways to cash out their Bitcoin balance, should something ever happen to one of their banks. With the financial crisis looming overhead, it is not unthinkable some banks might go out of business in the years to come.

Let’s assume somebody is using the Kraken Bitcoin exchange, and they have a particular bank account associated with that platform. This account has been used to both fund and withdraw the Kraken balance, and nothing has gone wrong with these transactions. Granted, not all banks are lenient when it comes to buying and selling Bitcoin, but let’s assume his particular bank is.

Read more @ http://themerkle.com/news/bitcoin-services-show-how-being-finance-agnostic-can-be-beneficial-to-consumers/

Simplex promises to make it easy to buy bitcoin with credit cards

Simplex, an Israeli startup that enables the purchase of bitcoins via credit cards, has launched with $8.4 million in the bank.

The firm is hoping to bring bitcoin purchasing into the mainstream through an API that makes it easy and risk-free for exchanges, brokers and wallets to add a credit card payment option on their checkout pages and process consumer purchases.


Simplex claims that it offers an alternative to the most prevalent method for bitcoin purchases - wire transfers to exchanges, which could take up to three days and entailed KYC requirements by banks, including providing explanations for purchases as well as copies of IDs.

Nimrod Lehavi, CEO, Simplex, says: "Banks often place additional restrictions on which countries Bitcoin exchange customers can send wire transfers to. For example, it may be difficult for the average US resident to use a wire transfer to buy bitcoins from countries outside of the US like Slovenia, Hong Kong or China. This clearly creates very high friction and makes mainstream adoption of bitcoin far from easy.