Bangladesh news

Central bank states anyone found guilty of using bitcoin can face up to 12 years in prison. Last updated: September 2014.

World latest news

Cointext Rolls Out Mobile BCH Services in Bangladesh, Now Services 38 Countries

Cointext has launched internet-free mobile BCH wallet services to users in Bangladesh. The announcement comes following the recent rollout of Cointext’s services in many new regions, bringing the total number of countries now able to access the company’s services to 38. Also Read: How to Spend and Give Bitcoin Cash Over the Holidays Cointext Launches BCH Services in Bangladesh Cointext, a BCH wallet provider that enables users to conduct bitcoin cash transfers without internet through text message, has announced the launch of its services for Bangladeshi citizens. A press release published by Cointext cites GSMA’s findings that Bangladesh had only 21 percent mobile phone penetration and a meager smartphone penetration of just 5.4 percent at the of end 2017. According to GSMA, Bangladeshi mobile phone adoption is expected to roughly double by 2025. Cointext founder and chief technology officer Vin Armani described Bangladesh as comprising “the ideal country” for his company, stating: “Very few people have smartphones or cellular data in Bangladesh. Cointext enables basic feature phones to access international currencies like bitcoin using SMS.” Following the introduction of services to consumers in Ukraine, Italy, Colombia, and the Dominican Republic earlier this month, Cointext now services 38 nations, including those located in Latin America, Europe, Oceana, Asia, and North America. Crypto and DLT Gradually See Greater Adoption Throughout Bangladesh Since reports emerged in 2014 asserting that Bangladesh had prohibited the use of bitcoin, Bangladesh appears to have softened its stance regarding cryptocurrency, with the country’s central bank issuing a “Cautionary Notice” during December 2017. Earlier this month, the United Nations International Children’s Emergency Fund (UNICEF) announced that Bangladeshi start-up W3 Engineers will be among the first distributed ledger technology (DLT) companies based in emerging markets to receive investment from its Innovation Fund. W3 Engineers is one of six emerging DLT companies that UNICEF has announced will each receive $100,000 in funding. According to data recently published by Mineable, Bangladesh is among the cheapest countries in which to mine cryptocurrency, with a single BTC estimated to cost $2,379 to mine. Do you think that bitcoin adoption will continue to increase in Bangladesh? Share your thoughts in the comments section below! Images courtesy of Shutterstock At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more. The post Cointext Rolls Out Mobile BCH Services in Bangladesh, Now Services 38 Countries appeared first on Bitcoin News.
Bitcoin News

CoinText SMS Cryptocurrency Wallet Adds Support in Bangladesh Where Over 90% Don't Have Smartphones

NASHUA, N.H., Dec. 17, 2018 /PRNewswire-PRWeb/ -- Today, CoinText.io, a cryptocurrency wallet to transact without Internet using text messages, launched its Bitcoin Cash (BCH) wallet in Bangladesh (167M population). "Bangladesh is the ideal country for CoinText," explains CoinText founder and CTO Vin Armani. "Very few people have smartphones or cellular data in Bangladesh. CoinText enables basic feature phones to access international currencies like bitcoin using SMS." At the end of 2017, Bangladesh only had 21% mobile phone penetration, according to a recent GSMA report (1). And another industry survey published on Wikipedia (2), revealed only 5.4% smartphone penetration in Bangladesh. Yet mobile adoption is expanding rapidly there. GSMA estimates that Bangladesh will reach 40% mobile phone penetration by 2025. "CoinText allows anyone with a mobile phone and cell signal ...Full story available on Benzinga.com
Benzinga

Student Uprising In Bangladesh Faces a Shutdown of the Internet

On a sunny summer Sunday, this July 29th, two busses were racing each other to the next bus stop. Their aim was to be the first to pick up all... The post Student Uprising In Bangladesh Faces a Shutdown of the Internet appeared first on Trustnodes.
Trustnodes
More news sources

Trending

Hot news

Hot world news

Stellar Price Analysis: Grayscale Announces XLM Based Trust; XLM/USD Stuck Within Bearish Structure

Global digital asset management firm, Grayscale, has announced an investment vehicle based around XLM. XLM/USD is moving within the confinements of a bearish pattern structure, subject to a breakout south. XLM/USD has been subject to very narrow and choppy trading, which has been going on for the past eight sessions now. Price action is moving […] The post Stellar Price Analysis: Grayscale Announces XLM Based Trust; XLM/USD Stuck Within Bearish Structure appeared first on Hacked: Hacking Finance.
Hacked

Grayscale Adds Stellar as Latest Cryptocurrency Investment Trust

Grayscale Adds Stellar as Latest Cryptocurrency Investment Trust Digital currency investment group Grayscale confirmed it had successfully launched its latest fund, dedicated to Stellar’s Lumens (XLM) token, in a tweet Jan. 17. Grayscale, which now operates nine cryptocurrency funds, timed the move to coincide with a change of image for its products, renaming all its […] Cet article Grayscale Adds Stellar as Latest Cryptocurrency Investment Trust est apparu en premier sur Bitcoin Central.
Bitcoin Central

Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project

CoinSpeaker Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project Until now, everybody has been talking about Bitcoin, the most popular and widely used digital currency. However, Bitcoin is unable to process thousands of transactions a second. Researchers from the Massachusetts Institute of Technology (MIT), UC-Berkeley, Stanford University, Carnegie Mellon University, University of Southern California, and the University of Washington have decided to fix such a weakness and develop a crypto asset better than Bitcoin. The researchers are working together as Distributed Technology Research (DTR), a non-profit organization based in Switzerland and backed by hedge fund Pantera Capital. The first initiative of Distributed Technology Research is the Unit-e, a virtual coin that is expected to solve bitcoin’s scalability issues while holding true to a decentralized model and process transactions faster than even Visa or Mastercard. Babak Dastmaltschi, Chairman of the DTR Foundation Council, said: “The blockchain and digital currency markets are at an interesting crossroads, reminiscent of the inflection points reached when industries such as telecom and the internet were coming of age. These are transformative times. We are nearing the point where every person in the world is connected together. Advancements in distributed technologies will enable open networks, avoiding the need for centralized authorities. DTR was formed with the goal of enabling and supporting this revolution, and it is in this vein that we unveil Unit-e.” According to the press release, Unit-e will be able to process 10,000 transactions per second. That’s worlds away from the current average of between 3.3 and 7 transactions per second for Bitcoin and 10 to 30 transactions for Ethereum. Joey Krug, a member of the DTR Foundation Council and Co-Chief Investment Officer at Pantera Capital, believes that a lack of scalability is holding back cryptocurrency mass adoption. He said: “We are on the cusp of something where if this doesn’t scale relatively soon, it may be relegated to ideas that were nice but didn’t work in practice: more like 3D printing than the internet.” The project’s ideology is firmly rooted in transparency, with a belief in open-source, decentralized software developed in the public interest with inclusive decision-making. The core team of the project is based in Berlin. To solve the scalability problem, DTR has decided to develop the Unit-e with parameters very close to Bitcoin’s design, but many things will be improved. Gulia Fanti, DTR lead researcher and Assistant Professor of Electrical and Computer Engineering at Carnegie Mellon University, commented: “In the 10 years since Bitcoin first emerged, blockchains have developed from a novel idea to a field of academic research. Our approach is to first understand fundamental limits on blockchain performance, then to develop solutions that operate as close to these limits as possible, with results that are provable within a rigorous theoretical framework.” The launch of the Unit-e is planned for the second half of 2019. Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project
Coinspeaker

BitPay CEO Says Bitcoin Is Solving Real Problems Around the World

BitPay co-founder and CEO, Stephen Pair, has recently commented that Bitcoin (BTC) is solving several issues around the world. He said that in a press release uploaded a […] The post BitPay CEO Says Bitcoin Is Solving Real Problems Around the World appeared first on UseTheBitcoin.
Use The Bitcoin
By continuing to browse, you agree to the use of cookies. Read Privacy Policy to know more or withdraw your consent.