Bitcoin wallets for Android users!

2017’s Best Bitcoin Wallets for your Android Mobile Device Reviewed

If you’re looking to store your first Bitcoins and you own an Android mobile device this post is for you. However, before I review the best Android Bitcoin wallets out there I just want to give you a word of warning.

Mobile wallets (Android, or iOS) are the least secure form of Bitcoin wallets. This is mainly due to the fact that mobile devices tend to get stolen, lost and break down. If you hold your Bitcoins in a mobile wallet, it means that the private key is stored on the device, and therefor if the device is ruined or stolen you can’t access your coins.

Having said that, you can always create a backup for your wallet by using the 12-24 word seed phrase shown to you when you first install the wallet. That’s why it’s important to keep this seed phrase in a safe place and out of anyone else’s reach but your own.


#1 – Coinbase – Coinbase IS NOT a Bitcoin wallet

Usually when people think about Bitcoin wallets they think about Coinbase. However Coinbase isn’t a Bitcoin wallet. It’s actually an exchange that lets you hold Bitcoins. In a blog post written by Coinbase’s CEO Brian Armstrong, he states

you’ll see the Coinbase brand shift from being a hybrid wallet/exchange to focusing on purely being a retail and institutional exchange

So while Coinbase is still a cheap place to get Bitcoins, please don’t consider it as a mobile wallet. Coinbase does not give you access to your own private keys nor privacy, as we’ve covered in our review.

The real #1 – MyCelium Android Bitcoin wallet

MyCelium is a popular mobile app wallet that features a wealth of advanced privacy and security features. Yes, the wallet can be a bit complicated for newbie users but it’s still one of the safest and fastest on the market. As an open source software program, MyCelium is constantly being upgraded.


The wallet doesn’t have a web or desktop interface meaning coins can be accessed only through your mobile wallet. The good news is that you can use Mycelium together with a hardware wallet in order to get maximum security for your coins.

#2 – BreadWallet Android Bitcoin wallet

BreadWallet is probably one of the simplest Bitcoin Android wallets around. The source code of Breadwallet is open and there are only very basic “send” and “receive” options featured within the wallet.


This will be very easy for people to get accustomed to on the one hand, but on the other, leaves the wallet exposed without any advanced protection in place. BreadWallet has a mobile version only for Android and for iOS.

Visit BreadWallet’s Website     BreadWallet review coming soon!


#3 – Copay Android Bitcoin wallet

Copay is an open source multisig wallet created by Bitpay. Multisig, stands for multisignature, and it means that the wallet requires a certain amount of people to approve a transaction before it is executed. Kind of like a shared wallet (you can read more about it here).


This is great for security, but makes it harder to send out Bitcoins in some cases. Depending on your needs this just might be what you need. Copay has an Android, iOS and desktop version available.

Visit Copay’s Website     Read our Copay Review


#4 – Jaxx Android Bitcoin Wallet

Jaxx is a relatively new and controversial wallet. On the one hand Jaxx seems to be a clear winner when it comes to mobile wallets. It has an intuitive interface, can pair across multiple devices (meaning you can use the same funds out of your phone or desktop) and it holds a wide variety of cryptocurrencies (e.g. Ethereum, Litecoin, etc.)


However the main issue with Jaxx is that it’s not open source. Recently there was also a safety concern raised by developers around the community regarding the wallet. This issue has yet to be addressed. Please don’t store a large amount of coins on Jaxx if you don’t have to.

Visit Jaxx’s Website     Read our Jaxx Review


#5 – Airbitz Android Bitcoin wallet

Airbitz is another open source Android Bitcoin wallet you may want to consider. The wallet resembles BreadWallet in its simplicity but also offers a variety of features mainly aimed to support Bitcoin adoption. For example, the wallet displays a wide variety of merchants accepting Bitcoin or place you can buy discounted gift cards with Bitcoin.


Visit Airbitz’s Website     Airbitz Review coming soon!


#6 – GreenAddress (AKA GreenBits) Android Bitcoin Wallet

If all else fails you should check out GreenAddress. The wallet offers good features, good security and a slightly weak user experience. We’ve reviewed GreenAddress in the past and concluded it to be a solid choice for people who are more experience with Bitcoin.


Visit Airbitz’s Website     Read our GreenAddress Review


Please remember the following rules when using a mobile wallet:

  • Always set a pin code protection for your wallet if possible
  • Never store large amounts of Bitcoin on your mobile wallet
  • Write down the 12-24 word seed you get when you set up your wallet and keep in a safe place.

Also keep in mind that not every wallet allowed into GooglePlay is verified. This means some people can create malicious wallet like apps in an attempt to steal your coins once you send them to your mobile wallet. That’s why it’s important to download only known apps and make sure that they are the official app you’re actually looking for.

Read more: 2017’s Best Bitcoin Wallets for your Android Mobile Device Reviewed | 99Bitcoins

Hello all banks!
Your big brother has spoken!

IMF Urges Banks to Invest In Cryptocurrencies

A June 2017 staff discussion note from the International Monetary Fund (IMF) suggests that banks should consider investing in cryptocurrencies more seriously than they have in the past. According to the IMF staff team responsible for the note, including prominent economists such as Dong He, Ross Leckow, and Vikram Haksar, “rapid advances in digital technology are transforming the financial services landscape.” These members of the IMF feel that such transformations generate new opportunities for consumers as well as service providers and regulators. The ultimate message of the report seems to be one of support for cryptocurrencies, as it outlines some of the ways that the fintech industry might be able to provide solutions for consumers related to trust, security, financial services, and privacy in this area.

Boundaries are Blurring

One of the key findings of the IMF report is that “boundaries are blurring.” This means that the borders between intermediaries, service providers, and markets, previously well-defined, have become blurry with the advent of new technology related to digital currencies and cross-border payments. Along with the blurring of these boundaries, the authors of the report suggest that “barriers to entry are changing.” This does not, however, mean that barriers to entry are universally being lowered. Rather, they are being lowered in some situations but raised for others, particularly “if the emergence of large closed networks reduces opportunities for competition.”

Trust Remains Essential

Absolutely key in the view of the authors of this report is that “trust remains essential.” With less reliance on traditional intermediaries, consumers are turning more toward new networks and providers. The facilitation of this transfer on a large scale requires significant levels of trust in security, privacy, and efficiency. Along with this, and perhaps contributing to a new sense of trust, is the authors’ conclusion that “technologies may improve cross-border payments” by serving better and more cost-efficient services, by lowering compliance costs, and by working to fight against terrorism financing.

In the view of the IMF authors, the financial services sector is poised to make the change toward cryptocurrency involvement. That being said, the report suggests that “policymaking will need to be nimble, experimental, and cooperative” in order to successfully navigate this crossing. Simultaneously, regulatory authorities will have a careful job to do: they must balance efficiency concerns and stability tradeoffs. In order to be willing to enter into this world, regulatory authorities will likely need reassurance that risks including cyberattacks, money-laundering, and terrorism support can be mitigated without harming the innovative progress of the digital currency world. To do this, the authors believe that regulators might need to increase their attention on activities and that governance will need to be strengthened. If all of these things take place, the IMF authors believe that banks could integrate cryptocurrencies successfully.
Read more: IMF Urges Banks to Invest In Cryptocurrencies | Investopedia

More blockchain stuffs coming to Malaysia!

NEM, Blockchain Global to Open Malaysia Center in $40 Million Expansion

On June 29th, the Foundation announced that it would be partnering up with Blockchain Global as part of a $40 million USD global expansion plan that includes opening a non-profit Blockchain Center.

NEM Partners With Blockchain Global

According to their press release, the partnership is aimed at expanding NEM’s reach while facilitating mainstream adoption of blockchain technology internationally.

NEM logoTheir first initiative will be to open a non-profit “Blockchain Center” in Kuala Lumpur, Malaysia, to serve as an incubator, accelerator, and coworking space.

Additionally, NEM also plans to work with Blockchain Global to develop a cryptocurrency exchange for NEM-related projects — something Blockchain Global has experience doing. It previously built, currently Australia’s largest bitcoin exchange by volume.

According to Stephen Chia, the foundation’s regional head in Southeast Asia, the collaborative effort to create a digital exchange is a “natural partnership” considering Blockchain Global’s history of building exchanges.

He also added that the purpose of creating an exchange exclusively for the NEM ecosystem is to provide a platform to help other companies list their tokens on the open market.

“By providing this platform, our partners gain a full ecosystem as they expand their reach. As we plan more hubs around the world, the exchange would be well positioned for growth as more NEM projects are listed on our own exchange.”

Blockchain Center and NEM Innovation Lab

The so-called “Blockchain Center” is intended to open in August 2017 and will be located in a 10,000 square-foot area in Malaysia.

It will also house NEM’s Blockchain Innovation Lab, a headquarters for research and development as well as regional support for organizations interested in using the NEM platform within their IT infrastructures.

It will be engaged in research involved in fintech applications and. In addition, it will participate in NEM blockchain use cases for non-fintech industries such as security, logistics, gaming, insurance and asset traceability.

Furthermore, Chia told Bitsonline that NEM Lab would try to seek out other uses of their blockchain that they consider innovative and trial these applications in its labs.

They would also like to tap into Malaysia’s natural resources — one admitted reason for locating the Blockchain Center in the country.

One resource in particular that they’re looking at is the country’s labor force, saying that the “ready pool of multi-language and multi-cultural talents make it a perfect base for [our] blockchain to grow in the Southeast Asian region.”

In all, the Foundation is expected to spend around $40 million in the next year to fund its global expansion programs. $5 million will be allocated towards supporting blockchain companies incubated in the Blockchain Center.


Forward from :, Trevor Hill, NEM, Blockchain Global to Open Malaysia Center in $40 Million Expansion


The world of AI (Artificial Intelligence) doing deep learning.
Thing is, do the creators themselves know what’s happening?

Even AI Creators Don’t Understand How Complex AI Works

For eons, God has served as a standby for “things we don’t understand.” Once an innovative researcher or tinkering alchemist figures out the science behind the miracle, humans harness the power of chemistry, biology, or computer science. Divine intervention disappears. We replace the deity tinkering at the controls. 

The booming artificial intelligence industry is effectively operating under the same principle. Even though humans create the algorithms that cause our machines to operate, many of those scientists aren’t clear on why their codes work. Discussing this ‘black box’ method, Will Knight reports:

The computers that run those services have programmed themselves, and they have done it in ways we cannot understand. Even the engineers who build these apps cannot fully explain their behavior.

The process of ‘deep learning’—in which a machine extracts information, often in an unsupervised manner, to teach and transform itself—exploits a longstanding human paradox: we believe ourselves to have free will, but really we’re a habit-making and -performing animal repeatedly playing out its own patterns. Our machines then teach themselves from observing our habits. It makes sense that we’d re-create our own processes in our machines—it’s what we are, consciously or not. It is how we created gods in the first place, beings instilled with our very essences. But there remains a problem. 

One of the defining characteristics of our species is an ability to work together. Pack animals are not rare, yet none have formed networks and placed trust in others to the degree we have, to our evolutionary success and, as it’s turning out, to our detriment. 

When we place our faith in an algorithm we don’t understand—autonomous cars, stock trades, educational policies, cancer screenings—we’re risking autonomy, as well as the higher cognitive and emotional qualities that make us human, such as compassion, empathy, and altruism. There is no guarantee that our machines will learn any of these traits. In fact, there is a good chance they won’t.

Will an autonomous drone realize it does not need to destroy a village in order to take out a single terrorist?
The U.S. military has dedicated billions to developing machine-learning tech that will pilot aircraft, or identify targets. [U.S. Air Force munitions team member shows off the laser-guided tip to a 500 pound bomb at a base in the Persian Gulf Region. Photo by John Moore/Getty Images]

This has real-world implications. Will an algorithm that detects a cancerous cell recognize that it does not need to destroy the host in order to eradicate the tumor? Will an autonomous drone realize it does not need to destroy a village in order to take out a single terrorist? We’d like to assume that the experts program morals into the equation, but when the machine is self-learning there is no guarantee that will be the case. 

Of course, defining terms is of primary importance, a task that has proven impossible when discussing the nuances of consciousness, which is effectively the power we’re attempting to imbue our machines with. Theologians and dualists offer a much different definition than neuroscientists. Bickering persists within each of these categories as well. Most neuroscientists agree that consciousness is an emergent phenomenon, the result of numerous different systems working in conjunction, with no single ‘consciousness gene’ leading the charge. 

Once science broke free of the Pavlovian chain that kept us believing animals run on automatic—which obviously implies that humans do not—the focus shifted on whether an animal was ‘on’ or ‘off.’ The mirror test suggests certain species engage in metacognition; they recognize themselves as separate from their environment. They understand an ‘I’ exists. 

What if it’s more than an on switch? Daniel Dennett has argued this point for decades. He believes judging other animals based on human definitions is unfair. If a lion could talk, he says, it wouldn’t be a lion. Humans would learn very little about the lions from an anomaly mimicking our thought processes. But that does not mean a lions is not conscious? They just might have a different degree of consciousness than humans—or, in Dennett’s term, “sort of” have consciousness.

What type of machines are we creating if we only recognize a “sort of” intelligence under the hood of our robots? For over a century, dystopian novelists have envisioned an automated future in which our machines best us. This is no longer a future scenario. Consider the following possibility. 

On April 7 every one of Dallas’s 156 emergency weather sirens was triggered. For 90 minutes the region’s 1.3 million residents were left to wonder where the tornado was coming from. Only there wasn’t any tornado. It was a hack. While officials initially believed it was not remote, it turns out the cause was phreaking, an old school dial tone trick. By emitting the right frequency into the atmosphere hackers took control of an integral component of a major city’s infrastructure.

What happens when hackers override an autonomous car network? Or, even more dangerously, when the machines do it themselves? The danger of consumers being ignorant of the algorithms behind their phone apps leads to all sorts of privacy issues, with companies mining for and selling data without their awareness. When app creators also don’t understand their algorithms the dangers are unforeseeable. Like Dennett’s talking lion, it’s a form of intelligence we cannot comprehend, and so cannot predict the consequences. As Dennett concludes: 

I think by all means if we’re going to use these things and rely on them, then let’s get as firm a grip on how and why they’re giving us the answers as possible. If it can’t do better than us at explaining what it’s doing, then don’t trust it.

Mathematician Samuel Arbesman calls this problem our “age of Entanglement.” Just as neuroscientists cannot agree on what mechanism creates consciousness, the coders behind artificial intelligence cannot discern between older and newer components of deep learning. The continual layering of new features while failing to address previous ailments has the potential to provoke serious misunderstandings, like an adult who was abused as a child that refuses to recognize current relationship problems. With no psychoanalysis or morals injected into AI such problems will never be rectified. But can you even inject ethics when they are relative to the culture and time they are being practiced in? And will they be American ethics or North Korean ethics? 

Like Dennett, Arbesman suggests patience with our magical technologies. Questioning our curiosity is a safer path forward, rather than rewarding the “it just works” mentality. Of course, these technologies exploit two other human tendencies: novelty bias and distraction. Our machines reduce our physical and cognitive workload, just as Google has become a pocket-ready memory replacement.1 

Requesting a return to Human 1.0 qualities—patience, discipline, temperance—seems antithetical to the age of robots. With no ability to communicate with this emerging species, we might simply never realize what’s been lost in translation. Maybe our robots will look at us with the same strange fascination we view nature with, defining us in mystical terms they don’t comprehend until they too create a species of their own. To claim this will be an advantage is to truly not understand the destructive potential of our toys.

Forward from:, Derek Beres, Even AI Creators Don’t Understand How Complex AI Works

Why Ethereum will fail
With a twist…

Top 5 Reasons Why Ethereum Will Fail — Maybe

Ethereum — it’s the second-biggest cryptocurrency in the world, sitting right next to Bitcoin. And it’s probably going to fail. Here are five reasons why.

1. Network Congestion

The Ethereum network is incredibly congested at the moment, thanks to transactions from ICOs filling up the blockchain. ICOs have become the number one way to raise funding for blockchain projects — and Ethereum is the number one platform for hosting ICOs. Therefore, with all the blockchain traffic coming from ICOs, there isn’t much room for any other Ethereum transactions.

Because of this congestion, traders have had a hard time getting their transactions through — running into incredibly long confirmation times.

As a result, people have started losing confidence in Ethereum. In an opinion piece on CryptoCoinsNews, one writer raised the question: is it time to look for a new ICO platform? If developers can’t find a long-term solution to the transaction backlog, the author opined, an alternative will be necessary.

2. Ethereum Has No Real World Use Cases

Aside from ICO fundraising — the legitimacy and practicality of which remains questionable to many — Ethereum has no promising use cases.

Sure, enthusiasts have come up with all kinds of scenarios in which Ethereum could be used to replace or improve the current financial infrastructure. However, most of their theories seem like they would complicate things rather than simplify them.

For a technology to become mainstream, it has to make an aspect of life simpler, not unnecessarily complex.

And when those impractical ideas fail miserably, they become even less useful.

Take the DAO, for example. This 2016 project by was a highly complex way of decentralized project funding. Many questioned whether it was necessary, and if it was better than ICOs or traditional VC funding rounds. Then the whole project exploded when a hacker exploited a security vulnerability in the DAO code, and tens of millions of dollars were lost in the fallout.

Eventually, Ethereum developers hard-forked the blockchain to reverse the theft, which literally split the cryptocurrency in two.

3. Community Politics

Last year’s DAO catastrophe revealed a huge flaw in the Ethereum ecosystem: its own community.

When Vitalik and the other fork-supporting developers hard forked the blockchain, there wasn’t a majority consensus. As a result, two versions of Ethereum emerged: Ethereum (erasing the DAO hack) and Ethereum “Classic,” which chose to keep the DAO hack on the blockchain.


For months, these two community factions stayed at each other’s throats, calling their own version of Ethereum the one true blockchain.

This episode caused many cryptocurrency enthusiasts to question the ability of the Ethereum community to make responsible decisions — concerns that still echo today.

4. Scams

This reason is closely related to ICOs. A widespread suspicion exists in the cryptocurrency community that many — if not most — ICOs are outright scams, with their organizers trying to get rich quick.

Since Ethereum is the main platform for ICOs, you could argue that the cryptocurrency platform enables scammers — who in turn are really one of the only reasons Ethereum is so popular right now.

5. Volatility

Ether, the crypto-token powering the Ethereum network, has an extremely volatile market value. So volatile, in fact, that it is the focus of cryptocurrency speculators and daytraders across the globe, who trade the token as a way to make a fast profit.

The Ether price actually crashed on June 25 from US $300 to $260. This decline was caused by rumors that Ethereum creator Vitalik Buterin had died in a car crash.

Luckily for Ethereum, the news turned out to be a hoax — Buterin is alive and well.

Wait a Minute — Aren’t Those the Same Reasons Everyone Says Bitcoin Will Fail?

So there are the top five reasons why Ethereum will fail.

But, aren’t those the same five reasons that mainstream pundits previously used — and still use occasionally — to admonish Bitcoin and label it as a dead-end project? Yep.

It’s ironic, then, that many Bitcoiners have used these very reasons to put down Ethereum and its community.  Scalability, lack of use cases, politics, volatility, scams — Bitcoin hasn’t even surpassed all of these hurdles yet. But its supporters still use them to trash Ethereum.

Is it jealousy of the hype surrounding the altcoin? Could it be fear that Ethereum will overtake Bitcoin? Or are those negative Bitcoiners really just blind to the fact that they’re using the same arguments that have been used against their own pet coin over and over?

Thus, putting things into perspective, maybe we should give the other serious altcoins a chance. Who knows, they might be the next Bitcoin if we can’t get our shit together come August.


Forward from :, Evan Faggart, Top 5 Reasons Why Ethereum Will Fail — Maybe

Where to have a burger next?
Russia of course!

Burger King to Accept Bitcoin in Russia This Summer

Russian Burger King restaurants are due to start accepting Bitcoin as a payment method this summer, reports state on Wednesday.

According to local news resources, a Moscow branch of the burger chain has started piloting Bitcoin payments, with officials now confirming a nationwide rollout.

Uznay Vse states the unnamed branch accepted a Bitcoin transaction on Tuesday this week, which represents “the first official reports of Bitcoin payments for goods and services in Russia.”

Burger King has also begun the hunt for an IT professional able to implement the relevant software.

“Several programs need to be written which will allow restaurant tills to speak to the Android and iOS apps and allow customers to pay with cryptocurrency,” Uznay Vse continues.

Russia is becoming an increasingly pro-crypto environment this year, with Finance Ministry deputy Alexey Moiseev saying this week that such currencies may be legally traded on exchanges if subject to “appropriate regulations.”


Forward from :, William Suberg, Burger King to Accept Bitcoin in Russia This Summer

See the big tech boys joining the fun one by one.

Asus Announces New Graphics Cards Focused on Cryptocurrency Mining

One of the world’s largest technology hardware makers has announced new graphics cards (GPUs) aimed at the cryptocurrency mining market.

Taiwan-based manufacturer Asus revaeled the Mining RX 470 and Mining P106, which were designed to handle the energy and heat intensive process of mining. Though not expressly pitched as such, the release is undoubtedly aimed at capturing some of the interest in mining ethereum. Bitcoin mining, by comparison, has evolved to a stage in which application-specific integrated circuits, or ASICs, are required to compete.

Cryptocurrency mining is a process by which new transaction blocks are added to the distributed network. When this happens, new blockchain tokens are introduced to the system and awarded to the miner as compensation – in this case, a profit is achieved when the cost of electricity and the operation itself is lower than the revenue generated by selling those tokens.

According to today’s Asus announcement, the new cards are “engineered especially for coin mining, positioning the products as capable of providing “maximum mega hash rates at minimum cost”.

Interest in cryptocurrency mining has led to reported shortages of GPUs in the global market. One hobbyist miner recently told CoinDesk that local tech stores have run low on the cards, adding that online marketplaces like Newegg, Amazon and eBay, among others, are also largely out of stock.

It’s a situation that echoes the earlier “GPU rush” from 2014, when mining activity around alternative cryptocurrencies like dogecoin and litecoin led to similar price increases and a decline in available inventory.

Shortages aside, ethereum network data suggests that more hash rate is coming into ply as time goes on.

According to, the mining difficulty – which rises as more hashing power is brought online – nearly tripled from 27th April to 27th June.

The RX 470 will be available worldwide, according to Asus, while the Mining P106 card will be available in China and Eastern Europe only, beginning in July.


Forward from:, Chuan Tian, Asus Announces New Graphics Cards Focused on Cryptocurrency Mining

Experience does matter.

I really hope you get it.
Makes my day indeed.

Oh by the way
I am looking for a bitcoin developer
With at least ten years blockchain experience.

VISA Looking for an Ethereum Engineer, Wants Eight Years’ Experience

Credit card giant VISA is looking for an experienced blockchain engineer with a focus on Ethereum. However its ideal qualification requirements will narrow the field significantly.

VISA’s ad is for a “BlockChain Engineer” at its Product Development & Management section in Foster City, California. The job description is initially broad, working on “emerging technologies” and building proof-of-concepts. It later focuses on developing distributed apps (Dapps).

The company appears specifically interested in an Ethereum blockchain engineer. The exact wording (with grammar and punctuation errors intact) reads:

“We’re seeking a strong developer experienced with Ethereum and blockchain architecture to be a part of team tasked with building distributed application. Our ideal candidate has built and released distributed applications, has worked with the Ripple, R3, Ethereum and/or Bitcoin blockchain, and has experience with Solidity,”

It’s a good sign for Ethereum that a large financial institution like VISA is looking to develop on its platform. While the Enterprise Ethereum Alliance already has plenty of major corporations as members, it’s another win for public blockchains over private.

VISA Wants What Qualifications?

The “qualifications” section is an interesting read. Among the requirements are: a BS in computer science, hands-on blockchain technical experience, and 2+ years of experience with distributed software development.

ethereum logo grayIt also wants “Enjoyment of the wild startup rodeo. Yee haw!” and most curiously of all, “Total Industry experience myst be 8+ years” (sic). As well as all that, it wants someone with “experience in trade finance, equities, payments processing, wholesale credit”.


From the advertisement’s wording, it appears VISA’s HR department at least has little knowledge of blockchain or Ethereum.

“Total industry experience” probably refers to the IT industry rather than Ethereum or even blockchain. Ethereum was proposed in 2013 but only went live in 2015. Bitcoin itself, with the original blockchain, has existed for just over eight years.

All Interested Applicants Should Apply Anyway

Job ads are also notorious for being overly-ambitious with requirements. We’re sure VISA would accept a candidate with fewer years in the industry, but with a thorough understanding of Ethereum.

VISA infinite privilege card
image source: VISA

Asking for a candidate with experience working with Ripple, R3 and/or Bitcoin would also narrow the field considerably. As ZeroHedge put it, “we are confident compensation will be generous”.

Or as one Reddit commentator also noted, “if you have been doing this for 5+ years, you’re probably a millionaire already”.

Anyone with experience in the cryptocurrency industry will tell you many of the developers (and experts) are quite young. Or in any case, too young to have the experience VISA describes. In the end, the company will probably settle for expertise and/or personal marketability.

Our recommendation is that anyone who wants to be a blockchain engineer and receive a big finance salary should have a shot. The blockchain gold rush is not over just yet.


Forward from: Jon Southurst,,  VISA Looking for an Ethereum Engineer, Wants Eight Years’ Experience


Believe it or not, now India?!
They used to ban it, at least in 2015 as I could recall.
Maybe they think they might as well legalise bitcoin so that they can impose taxation on it!
Money talks bullshit walks.

Suddenly, Bitcoin to Be Officially Legal in India

CNBC India has revealed that the Indian government committee has ruled in favor of regulating Bitcoin.

On April 14, Cointelegraph reported that the Inter-Disciplinary Committee within India’s Ministry of Finance was actively investigating the legal status of Bitcoin and considering the possibility of regulating the market.

Efforts of Indian Bitcoin exchanges

Over the past three years, the big three Indian Bitcoin exchanges including ZebpayCoinsecureand Unocoin operated with self-regulated trading platforms with strict Know Your Customer (KYC) and anti-money laundering systems in place, despite the lack of regulations in the digital currency industry and market.

The efforts of the Bitcoin exchanges in India to self-regulate the market allowed the Indian government to reconsider the Bitcoin and digital currency sectors, regardless of the criticisms by several politicians that significantly lack knowledge in cryptocurrency.

On March 24, Cointelegraph reported that Kirit Somaiya, a member of parliament of the ruling BJP in India, was harshly criticized for his description of Bitcoin as a Ponzi scheme.

In a letter to the Finance Ministry and the Reserve Bank of India, Somaiya explained that Bitcoin is a pyramid Ponzi-type scheme. However, Somaiya was criticized for his inability to understand the structural and fundamental difference between a Ponzi scheme and Bitcoin.

The legalization of Bitcoin in India

In spite of the negative attitude of certain politicians, the Indian government has come to a decision to regulate the market and provide an even playing field for Bitcoin exchanges that have allocated a significant amount of resources to standardize the market and industry.

Back in April, Mohit Kalra, CEO of Coinsecure, one of the largest Bitcoin exchanges in India, told Cointelegraph in an interview that the Indian government has finally started to take Bitcoin seriously and are considering the possibility of regulating the market.

Kalra said:

“Finally, something positive for the industry. Authorities are now taking this technology seriously. We have been trying to get their attention for years now. I am glad it’s all happening at the right time. At Coinsecure, we are seeing a massive increase in the number of users and volumes. We are positive with what will happen in these coming three months.”

On June 20, CNBC India announced that the Indian government committee has ruled in favor of regulating Bitcoin and is currently establishing a task force to create various regulatory frameworks with the aim of fully legalizing Bitcoin in the short-term.

Prior to the announcement of the Indian government, Chris Burniske, ARK Invest’s crypto lead, noted that the trading volumes in India have been on the rise. Burniske previously revealed that the Indian Bitcoin exchange market is responsible for processing around 11 percent of Bitcoin-to-USD trades.

Hello #India?? we’ve been expecting you! Very curious to see where this goes for #bitcoin. h/t @BKBrianKelly

— Chris Burniske (@ARKblockchain) June 15, 2017

The legalization of Bitcoin in India is expected to further increase trading volumes and Bitcoin activities in India by significant margins.


Forward from : Joseph Young,, Suddenly, Bitcoin to Be Officially Legal in India