Bitcoinist NewsBits 27.10.14

Welcome to the weekly News Bits!


Umbrella Holdings: Insure your Cryptocurrencies!

Umbrella is an insured cryptocurrency that is designed to be mined with a parent coin. It is usually the industry leader in terms of market cap for its
algorithm. Umbrella differs from other cryptocurrencies by automatically sending a portion of each block reward to a secure wallet.

Once the exchange is deemed secure, they guarantee all Umbrella Holdings while held on exchange. It’s important to note, while any exchange can list Umbrella cryptocurrencies, only certified have gone through the security audit and are insured.

David Berger, Digital Currency Council (DCC) President

We arranged a written interview with David Berger, Digital Currency Council President and founder, to get an expert opinion of the current digital currency situation. Here is a summary of the most important information he shared-

The DCC is training, certifying, and connecting professionals to new prospective clients. Our aim is to support our members in capturing the opportunities presenting themselves in the digital currency economy.It will soon be opening new channels that will enable the members to connect with each other. We established a set of core competencies which are being reviewed by our committee. It will influence the development of our continuing education, and will be central to the launch of the DCC certification exam in December.

BitShares Music Foundation is auctioning 5 million notes

BitShares Music Foundation is auctioning 5 million Notes. These are units that require to use BitShares Music, a technology ushering in the future of music.

BitShares Music is a Decentralized Autonomous Corporation that uses the same technology as BitSharesX. It creates a peer-to-peer connection between artists and fans enabling instant and direct value transfer.The funds going to the Foundation and will be used to cover initial start-up expenses and improve the BitShares Music ecosystem.Click on the news section of to learn more.

Wences Casares (Xapo CEO) speech of the history of money

Wences Casares the CEO and founder, made an interesting speech on the history of money in a Big Think video about Bitcoin. He said:

Bitcoin is a new digital currency that is perhaps the best form of money that we have ever seen. It’s important because most of us don’t understand money very well and perhaps the concept that is harder for us to understand is that money is and has always been a ledger.

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