Many of the participating cities are incumbents, such as the founding city of Vancouver. Moscow and Saint Petersburgâwhich defied their national governmentâs ban on Bitcoin last yearâare also expected to return, still organized by the Cryptocurrency Foundation of Russia.
Other incumbents include Arnhem âBitcoin Cityâ in the Netherlands, Helsinki, Finland, Tallinn, Estonia, Toronto, Canada and Fortaleza, Brazil, while the Colombian event has moved to PopayÃ¡n. Africa will again be a hotbed activity, with Ghana, Tanzania and Botswana playing host once more, and iHub and DialFund planning to take Kenya by storm.
There are plenty of newcomers, as well. The Dutch activities have spread to Amsterdam thanks to Bitcoin Wednesday, and Bitcoin Seoul will be the first to bring CoinFest to Asia. The United States will also see CoinFest for the first time, with founder Andrew Wagner helping out in Washington DC, Alpha Bitcoin covering the Midwest, and at least one event in California and possibly Tampa Bay. Itâs also poised to hit the Muslim world in Algeria, likely covering multiple cities, as well as locations across Venezuela.
New sponsors are rapidly joining the bandwagon, as well. The latest is Gamerholic, which is responsible for GamerholicCoin. It trades on Bittrex, and can be used to access Gamerholicâs arcade, and play a game known as Grabbit that rewards prizes to the winners. GHC can also be used to order PC and console games at a discount via their website.
Last year, CoinFest hit a record of sixteen cities worldwide, firmly establishing its open source and decentralized convention model in the annals of cryptocurrency history. This was an exponential increase from only three events across Canada the year before, starting with just one in 2013.
Many are also excited for the event in Chile, now that Fort Galt is coming together, as well as the Danish event by Copencoin. The most ambitious event planned, however, is the one in Manchester, England, a first for the United Kingdom. Organized by CryptoBatesGroup, it has already accrued multiple local sponsors and a popular following of likely attendees. It will be held at MadLab, a hackspace that accepts Bitcoin.
As CoinFestâs pool of resources grows, so does excitement among the grassroots cryptocurrency community. CoinFest thread top bitcointalk.orgâs Meet Up section, and innovative surprises such as an International Hangout and Decentralized Arcade are in the works. Keep checking NewsBTC for ongoing coverage!
Now, over 30 cities are planning to host simultaneous events come April 5-10, making it potentially the biggest crypto event ever planned. Some organizers typically drop out before the convention starts, due to life circumstances, funding issues or other reasons, but with two months left until the event date, itâs expected that more will throw their hats in the ring.
CoinFest International has already received multiple sponsors to its multisig vault, as well. The first sponsor to contributeâBookWithBitâallows users to book hotel rooms for Bitcoin, and is hosting some of the events in the Midwest. The second sponsor was NewsBTC, itself, whose franchisee community is closely intertwined with CoinFestâs community of organizers.
eMunie is another recent sponsor, a cryptocurrency with a twist. It is unique among decentralized currencies in that it forgoes use of blockchain technology. Instead, transactions on the P2P network are funnelled through what they call âchannels,â which they claim is significantly more efficient. Real-world testing has already confirmed its ability to handle thousands of transactions per second, while Bitcoinâs small block size limits it to less than seven.
A 'Crypto Shopping Mall' Is Being Tested in Slovenia
A major shopping center based in Slovenia is widening a cryptocurrency payments pilot.
BTC City Ljubljana, located in Slovenia's capital of Ljubljana, will allow a group of 150 people to use crypto
Under $100: Litecoin Price Hits Fresh 2018 Low
The price of litecoin (LTC), the world's sixth largest cryptocurrency by market capitalization, fell to a fresh 2018 low on Wednesday.
Data from Bitfinex shows the cryptocurrency slipped to $97.0
Beyond Bitcoin: Thomson Reuters Data Now Tracking Top 100 Cryptos
Mass media and data giant Thomson Reuters is expanding its cryptocurrency sentiment data toolkit to cover 100 different coins, the company announced Wednesday.
Initially launched back in March, the
JD.com's Finance Arm to Issue Asset-Backed Securities on a Blockchain
JD Finance, a subsidiary of Chinese e-commerce giant JD.com, announced on Wednesday that it is planning to issue asset-backed securities (ABSs) on a blockchain.
According to a report from the Secur
Bitcoin Bulls Eye $6K Bottom After 4-Month Low
Bitcoin is still looking south, having hit four-month lows today, but the bearish momentum may wane due to short-term oversold conditions, the technical charts indicate.
More bears joined the party
Blockchain Is 'Revolutionary,' Says German Finance Regulator Chief
Felix Hufeld, chief of Germany's financial watchdog, has said blockchain technology is "revolutionary" and its applications could turn the entire financial sector "upside down."
Hufeld, who is pres
Banks' Blockchain Budgets Spiked 67% in 2017, Survey Finds
The global financial services industry spent a combined $1.7 billion on blockchain development in 2017, with institutions having increased their individual budgets for the technology by 67 percent in
Tether Manipulation Pushed Up Bitcoin's Price, Researchers Find
The U.S. dollar-pegged tether has been used to support bitcoin's price during market downturns, a new study published by University of Texas at Austin professors.
John Griffin and Amin Shams, of th