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Bitcoin Center NYC Brings Bitcoin Startup Incubator to Wall Street BitPay Reveals it Paid ESPN Bitcoin for Bowl Game Sponsorship BitPay on the State of Bitcoin Merchant Adoption in Europe From Gold Rush to Arms Race: Why Bitcoin Mining is Heading North New Drug Trafficking Charges Added in Ross Ulbricht Case Bali’s BitIsland Initiative Launches Bitcoin Travel Agency Bitcoin’s Popularity Boosts Phishing Scam Success OKCoin Reveals BTC Reserves of 104% as China’s Exchanges Undergo Audits How Burning Man’s Camp Bitcoin Became Camp Dogecoin FireEye Founder: Bitcoin Could Secure Our Global Payments Infrastructure Ben Lawsky: New York Can’t Risk Getting Bitcoin Regulation Wrong Wedbush: Wall Street Sees Opportunity in Bitcoin’s Volatility QwikBit Launches Isle of Man’s First Bitcoin ATM Bullion Dealer Amagi Metals to Stop Accepting Fiat Currency China’s ‘Big Three’ Bitcoin Exchanges: BitLicense Would Harm Overseas Markets Bitcoin Ban Fear Fades in Thailand With Exchange Launch Why Margin Trading Became the Scapegoat for Bitcoin’s Price Decline
 
bitcoin center

Bitcoin Center NYC Brings Bitcoin Startup Incubator to Wall Street

Bitcoin Center NYC has announced that it is now accepting applications for a startup incubator that will help entrepreneurs fund and manage new digital currency ventures. While the launch has brought new attention to New York’s first brick-and-mortar bitcoin resource center, co-founder Nick Spanos explained that the announcement simply adds formal branding [...]

bowl bitpay

BitPay Reveals it Paid ESPN Bitcoin for Bowl Game Sponsorship

BitPay executive chairman Tony Gallippi announced today that his company paid for its upcoming college football bowl game sponsorship in bitcoin. The surprise news came at a press conference held by BitPay and the St. Petersburg Chamber of Commerce to promote the upcoming Bitcoin St. Petersburg Bowl. There, Gallippi revealed that BitPay paid [...]

moe.levin

BitPay on the State of Bitcoin Merchant Adoption in Europe

Though digital currency has undeniably accumulated a strong following among consumers in Europe, the region has arguably trailed the US market in one notable area – high-profile merchant adoption. Despite a number of mid-size merchants such as AirBaltic, 220volt and most recently Shipito joining the growing ranks of bitcoin merchants worldwide, a merchant [...]

shutterstock_103777838

From Gold Rush to Arms Race: Why Bitcoin Mining is Heading North

The face of industrial-scale bitcoin mining is changing with every passing month, having already pushed far beyond the bounds once envisioned, perhaps, by the hobby miners of four years ago. The landscape is much different now. Many large-scale mines are shifting from warehouse set-ups to data centers better equipped to deliver the massive power [...]

ross ulbricht, silk road

New Drug Trafficking Charges Added in Ross Ulbricht Case

UPDATE (22nd August 20:00 BST): Updated with comment from Ross Ulbricht attorney Joshua Dratel. New charges have been filed against Ross Ulbricht, the 30-year-old, Texas native accused of using the alias Dread Pirate Roberts to operate illicit online marketplace Silk Road. Filed on 21st August, the charges include narcotics trafficking, distribution of narcotics [...]

Cloud Storage Startup Storj Raises 910 BTC in Crowdsale

If you have a news tip, please email us at [email protected]. Interested in guest writing? Please email your idea for a guest article to [email protected]. Please read our guidelines before submitting your request. Close Read more ... CoinDesk

Bali tourist

Bali’s BitIsland Initiative Launches Bitcoin Travel Agency

A new Bali-based booking agency is aiming to make it easier for people to travel in the region using bitcoin. BitcoinTour allows users to exchange their digital currency for hotel, train and flight reservations, as well as tour bookings. Airlines supported by the firm include Air Asia, Citilink and Lion Air. The agency also claims to support “almost [...]

phishing

Bitcoin’s Popularity Boosts Phishing Scam Success

Bitcoin has fired the public imagination so intensely that even non-bitcoin users are falling for phishing scams that dangle the prospect of cryptocurrency riches in front of them, according to new research from digital security firm Proofpoint. Proofpoint found that thousands of phishing messages disguised to look like emails from a Blockchain wallet were [...]

audit-pen-chart

OKCoin Reveals BTC Reserves of 104% as China’s Exchanges Undergo Audits

Chinese exchange OKCoin today released details of an audit that prove it holds 104.86% of the bitcoin reserves required to cover customer balances. Going forward, the company will also seek to implement a cryptographic ‘merkle tree‘ verification system, allowing users to verify for themselves that their account balance was included in the audit data. Other China-based exchanges are [...]

doge-camp

How Burning Man’s Camp Bitcoin Became Camp Dogecoin

Black Rock City excludes buying and selling by definition. Rising from the Nevada desert for the annual Burning Man festival, it’s a temporary community where rental van logos are covered to avoid commercialism and where a bike ride might net you a free dance lesson or a grilled cheese sandwich from a billionaire, but no [...]

Ensighta_6792-2439375227-1

FireEye Founder: Bitcoin Could Secure Our Global Payments Infrastructure

The promise of digital currency technology and its potential applications has drawn a number of investors to the ecosystem, each with unique backgrounds and expertise. For example, bitcoin mining company PeerNova announced in July that it had received funding from Ashar Aziz, a cybersecurity entrepreneur and founder of noted malware protection solutions provider [...]

ben lawsky, NYDFS

Ben Lawsky: New York Can’t Risk Getting Bitcoin Regulation Wrong

The New York Department of Financial Services (NYDFS) announced today it would extend the comment period for its proposed bitcoin regulations by 45 days, citing significant public interest in the rules as a key reason behind the decision. In a new interview with CoinDesk, NYDFS superintendent Benjamin M Lawsky opened up about the [...]

New York Extends Comment Period for BitLicense Proposal

If you have a news tip, please email us at [email protected]. Interested in guest writing? Please email your idea for a guest article to [email protected]. Please read our guidelines before submitting your request. Close Read more ... CoinDesk

market, volatility

Wedbush: Wall Street Sees Opportunity in Bitcoin’s Volatility

A new report from Wedbush Securities suggests the price of bitcoin will continue to be volatile – but adds that this is necessary for the market’s growth and maturity. Entitled Embracing Volatility: Trading as Bitcoin’s First Killer App, the latest report from the financial services firm concludes that fluctuations in bitcoin’s price, far from harming the [...]

douglas isle of man

QwikBit Launches Isle of Man’s First Bitcoin ATM

QwikBit will launch the Isle of Man’s first bitcoin ATM today at a pub in the island’s capital, Douglas. As the Thirsty Pigeon’s customers can already buy food and beverages in exchange for bitcoin, the venue was “an obvious choice” to home the Lamassu machine, QuikBit said. Robert McAleer, the pub’s owner, added that [...]

DollarsNotAccepted

Bullion Dealer Amagi Metals to Stop Accepting Fiat Currency

Precious metals and coin dealer Amagi Metals announced today it would stop accepting US dollars as a payment method at the end of 2016, saying it had “lost confidence” in the future value of the world’s most popular fiat currency. While several prominent retailers and dealers have joined the bitcoin ecosystem in 2014, [...]

China-USA

China’s ‘Big Three’ Bitcoin Exchanges: BitLicense Would Harm Overseas Markets

China’s ‘Big Three’ bitcoin exchanges, OKCoin, BTC China and Huobi, have joined forces to submit feedback to Benjamin Lawsky, superintendent of the New York Department of Financial Services (NYDFS), regarding his agency’s recent BitLicense proposal. In a newly published open letter, the three companies recommended New York State consider the broad reach of the regulations, [...]

bitcoin.co.th

Bitcoin Ban Fear Fades in Thailand With Exchange Launch

Coins has launched its second bitcoin startup in Southeast Asia with the formal opening of Coins.co.th in Thailand. Led by CEO Ron Hose, Coins launched its Philippines-based bitcoin exchange and merchant processing service Coins.ph in March, at the time enrolling two larger merchants – MetroDeal and CashCashPinoy – in its services. While coinciding with [...]

scapegoat

Why Margin Trading Became the Scapegoat for Bitcoin’s Price Decline

The price of bitcoin has been the focus of increasing debate over the past week, as, in the wake of its roughly $100 fall, the wider digital currency community has sought to find an answer for what could have caused such a sudden and unexpected movement in the market. Adding to concerns were [...]


BBA Bitcoin Warrior Weekly Recap (August 21, 2014)

23 August 2014

Analysis provided by Bitcoin BullBear. The absence of volatility made an abrupt exit this week as prices moved down 30%, rallied 20%, and have now stabilized somewhat above $500. While we are not ready to call a bottom at $442, things are lining up nicely for the bulls in the short term. What an interesting [...]

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in The Bitcoin News

Bter - Bitcoin Exchange Bter - Exclusive Interview and Patented Securitybterscreen bterscreen-300x172

Bter – Exclusive Interview and Patented Security

23 August 2014

There have been some recent news surrounding a well known exchange based in China named Bter. In this incident 50,000,000 NXT coins were stolen by a hacker who gained access to the Bter servers by using a commonly used password that he had retrieved. We had mentioned this incident in a previous article that you can find here.

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in The Bitcoin News

bitcoin center

Bitcoin Center NYC Brings Bitcoin Startup Incubator to Wall Street

23 August 2014

Bitcoin Center NYC has announced that it is now accepting applications for a startup incubator that will help entrepreneurs fund and manage new digital currency ventures. While the launch has brought new attention to New York’s first brick-and-mortar bitcoin resource center, co-founder Nick Spanos explained that the announcement simply adds formal branding [...]

Read more

in BREAKING NEWS

bowl bitpay

BitPay Reveals it Paid ESPN Bitcoin for Bowl Game Sponsorship

23 August 2014

BitPay executive chairman Tony Gallippi announced today that his company paid for its upcoming college football bowl game sponsorship in bitcoin. The surprise news came at a press conference held by BitPay and the St. Petersburg Chamber of Commerce to promote the upcoming Bitcoin St. Petersburg Bowl. There, Gallippi revealed that BitPay paid [...]

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in BREAKING NEWS

Live Free or Die: NH Governor Candidate calls for ‘BitLiberty’ in response to the ‘BitLicense’

23 August 2014

Despite their reputation, some politicians have a soft spot for Bitcoin. New Hampshire republican candidate Andrew Hemingway took to the Reddit forums Wednesday, answering questions about his pro-Bitcoin positions. Hemingway is no stranger to Bitcoin and CoinTelegraph already reported on the candidate proposing that the blockchain could be used for voting among other things in the future. Hemingway believes Bitcoin regulations [...]

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in The Bitcoin News

Graph showing the flash crash

Market Analysis: What happened this week?

23 August 2014

It all seemed to start with the dip of Bitcoin, with many people point due to the fact Ethereum liquidated 2500 Bitcoins, to raise funds for their project. Everyone was used to dumps like this, and thought Bitcoin would rebound. But nope, slowly volume increased and price decreased, and subsequently Litecoin and Darkcoin fell. But just the liquidation of 2,500 Bitcoins [...]

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in The Bitcoin News

moe.levin

BitPay on the State of Bitcoin Merchant Adoption in Europe

22 August 2014

Though digital currency has undeniably accumulated a strong following among consumers in Europe, the region has arguably trailed the US market in one notable area – high-profile merchant adoption. Despite a number of mid-size merchants such as AirBaltic, 220volt and most recently Shipito joining the growing ranks of bitcoin merchants worldwide, a merchant [...]

Read more

in BREAKING NEWS

shutterstock_103777838

From Gold Rush to Arms Race: Why Bitcoin Mining is Heading North

22 August 2014

The face of industrial-scale bitcoin mining is changing with every passing month, having already pushed far beyond the bounds once envisioned, perhaps, by the hobby miners of four years ago. The landscape is much different now. Many large-scale mines are shifting from warehouse set-ups to data centers better equipped to deliver the massive power [...]

Read more

in BREAKING NEWS

BTC Price “Flash Crash”- Manipulation or Growing Pains?

22 August 2014

While Bitcoin is certainly notorious for its volatility, there has been much speculation among Bitcoin community members, financial experts and the general public regarding the latest price drop. The forums have been abuzz with rumors ranging from margin trading to an NSA plot to take over Bitcoin.  As it happened The price dipped into the low US$440’s, while the [...]

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in The Bitcoin News

China’s "Big Three" Bitcoin Exchanges Agree that BitLicense Proposal “Could Be Very Damaging to the Industry”

22 August 2014

[Update Aug 22: On August 21, NYDFS superintendent Benjamin M. Lawsky responded to the public requirement and extended the comment period on the drafted rules by 45 days, postponing the deadline to October 21.] Regarding the issue of the global influence that the current BitLicense proposal would have on Bitcoin-related businesses throughout the world, Lawsky said to be welcoming”as many [...]

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in The Bitcoin News

:)

ZobrZobr: Wear your Bitcoin QR!

22 August 2014

We mentioned ZobrZobr in an earlier article. If you don’t already know, they are a Bitcoin company that specializes in making shirts of various Bitcoin designs and allowing you to post a QR code with a Bitcoin address of your choice, which can be one that you supplied or a popular charity address. 1. What sparked the idea of ZobrZobr? Actually we [...]

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in The Bitcoin News

sirius_nfo_0 BitStar Brings Local Bitcoins To The Walletsirius nfo 0 sirius_nfo_0-300x147

BitStar Brings Local Bitcoins To The Wallet

22 August 2014

For four months, BitStar has lead a quiet existence. The coin launched in the spring of 2014 as a coin with fair specifications, but no outstanding features. BitStar began with a six week proof-of-work stage and is now fully proof-of-stake.

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in The Bitcoin News


ross ulbricht, silk road

New Drug Trafficking Charges Added in Ross Ulbricht Case

22 August 2014

UPDATE (22nd August 20:00 BST): Updated with comment from Ross Ulbricht attorney Joshua Dratel. New charges have been filed against Ross Ulbricht, the 30-year-old, Texas native accused of using the alias Dread Pirate Roberts to operate illicit online marketplace Silk Road. Filed on 21st August, the charges include narcotics trafficking, distribution of narcotics [...]

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in BREAKING NEWS

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Litecoin Breaks a Near-term Trendline Support

22 August 2014

Bearish Continuation Signal: Litecoin has been in a bullish correction this week, rallying from a 3.33 low on the week to 6.18. As we got into the 8/22 session, price completed a mini double top and started [...]

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in Litecoin

Litecoin is Dying: Fact or FUD?

22 August 2014

There has been a great deal of talk online about the supposed “death” of Litecoin, mainly because of its steep price decline over the last few months. Is Litecoin Dying? The truth is however that the likelihood of Litecoin “dying,” or even losing its second place spot in the cryptocurrency hierarchy, is extremely remote for a number of reasons. There are also [...]

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in The Bitcoin News

US District Judge: “Bitcoin is Money”

22 August 2014

The question of whether or not Bitcoin is money, property or a commodity took one step closer as a Federal judge ruled in the case of Robert Faiella, 54 and Charles Shrem, 24, that Bitcoin was money. This case is actually not the only ruling on the issue by US courts that called Bitcoin money. The judge did not agree with [...]

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in The Bitcoin News

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Huobi To Implement Proof of Reserves Program, Pave The Way For Exchange Accountability

22 August 2014

Huobi announced (via reddit, yesterday) that it will be implementing an industry standard Proof of Reserves program by the end of August, with a Trading/Asset Separation scheme [...]

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in The Bitcoin News

image

‘The Hunt for Satoshi’ fundraiser Is Live On Swarm

22 August 2014

Alex Preukschat, Josep Busquet and José Ángel Ares García, the trio behind ‘The Hunt for Satoshi Nakamoto’, the new Bitcoin Comic which previewed at CoinSummit and was recently written up on CoinDesk, are gearing up to launch their project Kickstarter style on the new SWARM platform which recently raised over $1,000,000 worth of Bitcoin in startup capital. Preukschat says he wants to take 1,000 pre-orders of the comic [...]

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in The Bitcoin News

Digital vs. Virtual Currencies

22 August 2014

There’s a lot of misunderstanding around the terms “virtual” and “digital,” and people often mistakenly use them interchangeably. The reality is that virtual currencies are a type of digital currency, meaning that all virtual currencies are digital, but the converse is incorrect. Cryptocurrencies like Bitcoin are another type of digital currency, but they are in a separate category from virtual [...]

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in The Bitcoin News

Issue22_cover

Issue 22: What You Need To Know About Bitcoin

22 August 2014

Issue 22 is available for sale! We’ve used this issue to present Bitcoin for those who still don’t quite get it. We have worked hard to present Bitcoin in many ways for many types of people. After the basics, we transition into longer essays on some of the differences between virtual and digital [...]

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in The Bitcoin News

Cloud Storage Startup Storj Raises 910 BTC in Crowdsale

22 August 2014

If you have a news tip, please email us at [email protected]. Interested in guest writing? Please email your idea for a guest article to [email protected]. Please read our guidelines before submitting your request. Close Read more ... CoinDesk

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in BREAKING NEWS

Bali tourist

Bali’s BitIsland Initiative Launches Bitcoin Travel Agency

22 August 2014

A new Bali-based booking agency is aiming to make it easier for people to travel in the region using bitcoin. BitcoinTour allows users to exchange their digital currency for hotel, train and flight reservations, as well as tour bookings. Airlines supported by the firm include Air Asia, Citilink and Lion Air. The agency also claims to support “almost [...]

Read more

in BREAKING NEWS


Litecoin is Dying: Fact or FUD?

22 August 2014

There has been a great deal of talk online about the supposed “death” of Litecoin, mainly because of its steep price decline over the last few months. Is Litecoin Dying? The truth is however that the likelihood of Litecoin “dying,” or even losing its second place spot in the cryptocurrency hierarchy, is extremely remote for a number of reasons. There are also [...]

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in Litecoin

Gavin Andresen’s ‘Fractional-Reserve Mining’: Cloud Miners Respond

22 August 2014

Last Thursday, Kyle Torpey at CryptoCoinsNews reported on a quote from Bitcoin developer Gavin Andresen that went largely unnoticed. In response to a Reddit post asking whether cloud mining contracts make sense, Andresen wrote the following: “No, they make no sense. I suspect many of them will turn out to be Ponzi schemes.” Then on Monday, six days later, Andresen posted the [...]

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in The Bitcoin News

The Chamber of Digital Commerce Wants You, To Educate Congress

22 August 2014

The BitLicense proposal appearing to be something so suffocating for Bitcoin businesses, many of them would rather not do business with the state. But rather than simply leave New York and hope that the policy doesn’t become popular nationwide, the Digital Chamber of Commerce wants to enlist you to help them educate Congress on a more reasonable approach to Bitcoin [...]

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in The Bitcoin News

NYDFS Extends BitLicence Comment Period After “Significant Amount Of Public Interest”

22 August 2014

It’s no secret that the proposed “Bitlicence” framework brought up by the New York Department of Financial Services has been unpopular at best. Many members of the Bitcoin community have come out in opposition to it. Circle CEO Jeremy Allaire has called the BitLicence “impossible to comply with”, and multiple petitions have arisen from prominent members of the community to extend [...]

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in The Bitcoin News

Manhattan Gets Its First Bitcoin ATM In A Vintage Clothing Store

22 August 2014

Nearly every major city on Earth has its own Bitcoin ATM now. They’ve popped up in Vancouver, Toronto, Los Angeles, Dubai, Halifax, and even smaller cities like North Bay and Saskatoonin Canada. But for some reason, Manhattan is lagging behind. That’s now changed though, with Manhattan’s first Bitcoin ATM having launched as of yesterday evening at 5pm. The Lamassu machine is [...]

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in The Bitcoin News

phishing

Bitcoin’s Popularity Boosts Phishing Scam Success

22 August 2014

Bitcoin has fired the public imagination so intensely that even non-bitcoin users are falling for phishing scams that dangle the prospect of cryptocurrency riches in front of them, according to new research from digital security firm Proofpoint. Proofpoint found that thousands of phishing messages disguised to look like emails from a Blockchain wallet were [...]

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in BREAKING NEWS

800px-Bitcoin_-challenge_coin-

Three major Chinese BTC exchanges announce full release of reserve proof solutions

22 August 2014

Share ! tweet Three of the biggest Chinese Bitcoin exchanges – BTCChina, Huobi and OKCoin – recently decided to announce some major news. The companies will release its 100% reserve proof solutions, which means more transparency for the users and also for the Bitcoin ecosystem. BTCChina [...]

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audit-pen-chart

OKCoin Reveals BTC Reserves of 104% as China’s Exchanges Undergo Audits

22 August 2014

Chinese exchange OKCoin today released details of an audit that prove it holds 104.86% of the bitcoin reserves required to cover customer balances. Going forward, the company will also seek to implement a cryptographic ‘merkle tree‘ verification system, allowing users to verify for themselves that their account balance was included in the audit data. Other China-based exchanges are [...]

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in BREAKING NEWS

Proof of Exchange Reserves

22 August 2014

  Era of standardisation begins As a technology matures and becomes more widely used, some form of standardisation is inevitable. There are two kinds of standards: Quality standards, such as verified exchange reserves, and interoperability standards. The Bitcoin exchange community has learned from the MtGox fiasco. Quality standards are vital if a technology is to [...]

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in The Bitcoin News

The Chamber of Digital Commerce Comments on the BitLicense Extension

22 August 2014

WASHINGTON, D.C. – The Chamber of Digital Commerce (“Digital Chamber”) applauds the New York Department of Financial Service’s (DFS) decision to extend the comment period for the proposed “BitLicense” regulations for virtual currency firms. The Digital Chamber, through a series of grassroots initiatives, urged the DFS to extend the comment period to give the industry needed time to [...]

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in The Bitcoin News


New York Makes More Time for Comments on BitLicenses Proposal

22 August 2014

Citing “a significant amount of public interest” in the Department of Financial Services’ proposed regulatory framework for cryptocurrency businesses, the State of New York has extended the window for which it will hear comments by 45 days. Comments will now be due by Oct. 21 instead of early September. The move comes less than two weeks after the NYDFS [...]

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in The Bitcoin News

UK Banks Are Killing Bitcoin Startups

22 August 2014

While Britain is said to be looking to turn the UK into a center for Bitcoin trade, Bitcoin exchanges and trading services are still struggling with the traditional banking industry. Throughout the UK, merchants have been welcoming digital currencies with open arms. Since the beginning of 2014, online and brick-and-mortar businesses in various sectors from adult entertainment, food services, to gift [...]

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in The Bitcoin News

Amagi Metals Will Accept ONLY Cryptocurrency By 2017

22 August 2014

Those who are paying attention are aware that the fiat currency system is, to put it mildly, having some troubles. Many smart investors are opting to invest in precious metals instead of dollars, but that presents an issue for the dealers. If they know the dollar is not a sound investment method, what benefit is there for them to continue to [...]

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in The Bitcoin News

Bitcoin Wallet Security Best Practice

22 August 2014

Knowing how to secure your bitcoins is no longer optional. Bitcoin wallets are fast becoming online criminals’ favourite obesession, whether online, at exchanges, on your PC or your mobile. Dell SecureWorks researchers estimate that over 140 malware applications exist that specifically target bitcoin wallets. Protecting your wallet against these threats requires only a handful of cautionary [...]

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in The Bitcoin News

OKCoin Passes Bitcoin Proof of Reserves Audit

22 August 2014

OKCoin has passed a Proof of Solvency/Proof of Reserves audit conducted by Stefan Thomas. The audit was announced on Weibo yesterday. Fellow Chinese Bitcoin exchanges, Huobi and BTC China, are also expected to release similar announcements soon. Stefan Thomas previously conducted the same Proof of Solvency/Proof of Reserve audits for Bitfinex and Kraken. Similarly, Bitstamp was able to [...]

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in The Bitcoin News

Interview With Jacob Wheeling Owner/CEO of ZigHash

22 August 2014

Interview With Jacob Wheeling Owner/CEO of ZigHash In the continuing search for reliable vendors and manufacturers there are many options, and we always need to be vigilant and aware of the company or people with whom you are dealing with. ZigHash is an ASIC mining hardware and now also a cloud mining vendor. I have successfully completed several transactions [...]

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in The Bitcoin News

doge-camp

How Burning Man’s Camp Bitcoin Became Camp Dogecoin

22 August 2014

Black Rock City excludes buying and selling by definition. Rising from the Nevada desert for the annual Burning Man festival, it’s a temporary community where rental van logos are covered to avoid commercialism and where a bike ride might net you a free dance lesson or a grilled cheese sandwich from a billionaire, but no [...]

Read more

in BREAKING NEWS

The History of Litecoin

22 August 2014

Do you have news tips? Are you interested in writing for us? We have are working on having weekly series for our current publishers but we still have some open spots to include new writers. You can be a guest writer or if we like your ideas become a constant member of our team. Please email us at info@bitcoinist.net If you have [...]

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in The Bitcoin News

ripple labs

Smart Contracts, Intelligent Investing

22 August 2014

The Current Leader One of the bigger contests to keep an eye on in the cryptocurrency market is without a doubt the smart contract race. With the ability to effectivelydecentralize, automate, and replace multiple trillion dollar industries it represents a sizable target for entrepreneurs and developers of all shapes and sizes to place their [...]

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in The Bitcoin News

Edmund Edgar_Bitcoinist_post

Reality Keys, a certificate authority for facts

22 August 2014

There has been a lot of talk recently about the future of cryptocurrencies and the term Bitcoin 2.0 has come up to describe the coming wave of services built on top of bitcoin (i.e., smart contracts, derivatives, decentralised autonomous applications corporations, etc.) One of the necessary infrastructure components to make these new applications possible are reliable data sources. Enter Reality Keys, a [...]

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bitshares x

A New Star Rises

22 August 2014

Officially jumping into the coveted 3rd slot and  declaring itself “King of 2.0″. BitSharesX (BTSX) with 106,424 BTC  (53,755,292 USD) has used the most recent alt-coin push to propel itself past some serious competition. Signalling to the market that there is plenty of room for fresh innovation at the top. A series of Distributed Autonomous Companies, BitsharesX is the logical economic culmination of open source. If [...]

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in The Bitcoin News

LTB Community Roundup #5

22 August 2014

letstalkbitcoin.com / Mike / August 20th, 2014 The Let’s Talk Bitcoin community growth seems to never just stop. The past week has seen the creation of more threads, more new users, and even a greater flurry of activity. Each week I attempt to bring you just some of the highlights and things that are taking place in this community. Here [...]

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in The Bitcoin News

Btcmt4_250_eng

Litecoin Testing a Near-term Trendline Support

22 August 2014

This week, litecoin found support at 3.33, and has rallied to 6.18 by the 8/21 session. As we get started with the 8/22 global session, price has retreated from 6.18. However, the 1H chart still shows a bullish market in the near-term. 1) The rising [...]

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in Litecoin

Coinbase Case Demonstrates the Pitfalls of Regulatory Compliance

22 August 2014

A Reddit user ostensibly representing SatoshiBet, an online casino, posted a warning to Coinbase users Wednesday that the payment processor had begun closing accounts of customers who transferred bitcoins from gambling sites. “In the last day we have had players who found their Coinbase account closed because they withdrew coins from SatoshiBet.com to their Coinbase account,” /u/satoshibet_com wrote. This should not come [...]

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in The Bitcoin News

Storj Exclusive Interview – Decentralized Cloud Storage

22 August 2014

Storj is today’s Random Coin of the Day as it offers decentralized file storage. Users earn Storj coins by offering the extra space on their hard drive for Storj’s file storage. People who host their files on Storj are the only ones who may access their files as it depends on the same blockchain technology every [...]

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in The Bitcoin News

HeavyCoin

Interview with HeavyCoin Developer

22 August 2014

Heavycoin is an interesting coin having been released a couple months ago. Here, an interview regarding the Heavy1 algorithm with the developer: Q: What makes an algorithm with multiple hashing more secure than something like scrypt or Scrypt N-Factor Scrypt/adaptive-n is a single cryptographic hash function.   Using a single cryptographic hash function as the basis for a crypto-currency is fine until that [...]

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Facebook

Interview with MastCoin Developer

22 August 2014

A couple weeks ago I had an interview with the MastCoin developer, and he expressed some of his thoughts through the questions I had asked him. Here, we can see the interview: Q: Who composes the MastCoin team? Our team is an internationally diverse group of experienced professionals, which includes software developers, marketers, and members of the altcoin community. Many of our [...]

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in The Bitcoin News

Don’t let global organisations dominate the UK’s Bitcoin market – an open letter to all UK banks.

22 August 2014

MetaLair.org’s website has been down for nearly two months, so where have we been? The answer: trying to open a bank account. Last month we needed to invoice for some work, so we approached a well-known UK bank for an account, which we will refer to as ‘Bank A’, who sent their local branch manager round to see us. He’d seen the [...]

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in The Bitcoin News

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