Month: March 2014

Headlines BTC-e Now Offers Trading in Chinese YuanIn a surprising move, major digital currency exchange BTC-e announced today it would begin trading in Chinese offshore yuan. Neo & Bee Suspends BTC Share Trading Due to ‘Abnormal Activity’Neo & Bee has requested a temporary suspension of its bitcoin share trading while it investigates ‘abnormal activity’. Here’s […]

Headlines Isle of Man Doesn’t Require Bitcoin LicensesIsle of Man, the British dependency, could offer an isolated paradise for cryptocurrencies. The Financial Supervision Commission (FSC) ruled that many of the island’s licensing laws do not apply to Bitcoin, CoinDesk reports. This hands-off approach might signal the birth of a friendly relationship between the island government […]

Headlines Bitcoin is Key to Empowering Small BusinessesBitcoin has the potential to unleash small businesses and fuel their growth, but it must be trustworthy. The Benefits of Bitcoin in International TravelCoinbase’s Nick Tomaino explains why bitcoin is the international traveller’s best friend. White House Petition to AMEND IRS NOTICE 2014-2 Taxing virtual currency/BitcoinIn response to […]

Headlines Billion dollar firm UBS releases Bitcoin paperAmidst the storm that China’s supposed ban on Bitcoin brought, Swiss global financial outfit UBS released a paper on Bitcoin entitled Bitcoin and Banks: Problematic currency, interesting payment system. Interesting title to say the least. No threat whatsoever In a thirty-six page report, UBS takes an in-depth look […]

Headlines Study: Mt. Gox May Have Lost Just 386 BTC Due to Transaction MalleabilityResearchers at ETH Zurich University question whether transaction malleability played an extensive role in Mt. Gox’s bitcoin losses. Would a $10k Bitcoin Help or Hurt Transactions?Representatives from bitcoin’s retail sector discuss how the high price of bitcoin could impact business at CoinSummit. […]

Headlines Senator Manchin Already Backing Off Bitcoin BanIt was exactly one month ago that Senator Joe Manchin of West Virginia decided to send a letter to regulators demanding a complete ban of Bitcoin. It was rather easy to point out all of the different flaws in the Senator’s argument, but it seems that he’s already […]

Headlines Doge4NASCAR Succeeds In Raising 67.8M DOGE To Sponsor Josh Wise At Talladega(Official press release) Reddit and Dogecoin will soon be careening through countless left turns alongside NASCAR #98 driver Josh Wise in this spring’s race at Talladega. The initiative to raise $50,000 began when members of reddit’s NASCAR community identified Josh Wise as a […]

Headlines Exchange Vircurex Freezes Withdrawals, Claims Lack of ReservesExchange Vircurex announced a freeze on BTC/LTC withdrawals starting today, but has promised to pay back all funds eventually. Audit shows Kraken’s reserve covers all balancesBitcoin exchange Kraken has announced it has passed an audit that proves that more than 100% of Kraken’s Bitcoins are held in […]

Headlines Breaking: Vircurex Has Halted WithdrawalsPopular altcoin exchange Vircurex just announced that it has stopped withdrawals for BTC, LTC, FTC (Feathercoin) and TRC (Terracoin). Any incoming deposit will not be credited. Furthermore, on 24 March, all BTC, LTC, FTC, and TRC accounts will be frozen until Vircurex can redistribute available funds to users. Last year, the […]

Headlines Mt gox ‘Discovery’: US Lawyers not convinced.Mt gox’s announcement, yesterday, that it had ‘Discovered’ an old format wallet containing almost twenty-five percent of the missing bitcoins is being viewed as highly suspect.  The bankrupt exchange has found the missing coins at a time when many are paying careful attention to blockchain transactions. Indeed I […]

Headlines Coinbase Hires Prominent Facebook and Amazon EmployeesPopular bitcoin wallet and payment processor Coinbase just made two prominent additions to its team. Facebook’s director of security incident response — Ryan McGeehan, and Amazon’s director of business development & sales — Todd Edebohls, will be leaving their jobs soon to work for Coinbase. When asked to comment about […]

Headlines Alpha Technology Matches KnCMiner In Price/Hash… And Actually Has Power Consumption NumbersYesterday, KnCMiner announced their entrance into the altcoin mining arena with their 100 MH/s Scrypt ASIC.  The name they “coined” for their new device was this: The Titan.  Despite the lack of power consumption figures for KnCMiner’s Titan, hundreds of buyers have already […]

Headlines CoinEX.pw: We Were Hacked, But Will Cover All LossesCoinEX.pw has confirmed it recently suffered a hack resulting in the theft of all the bitcoins in its possession. Danish Central Bank Compares Bitcoins to ‘Glass Beads’Danmarks Nationalbank, the Danish central bank, has issued a stern warning on bitcoin, saying it has no utility value. The […]

Headlines Database Glitch Causes Blockchain OutageBlockchain.info has been down since late yesterday with a database issue – no users’ funds have been affected. AirdropCoin – Literal Airdrop of Physical Altcoins From a PlaneAirdropCoin – Craziest Altcoin Ever? As you probably know if you’re into cryptocurrency, AuroraCoin plans to “airdrop” its 50% AUR premine on the […]

Headlines Dream Chip Technologies Confirms Partnership With Mining ASICs Technologies (MAT)3 weeks ago, I posted Mining ASICs Technologies’ announcement of 6TH/s Bitcoin ASICs and 200 MH/s Scrypt ASICs to all of y’all, my disbelieving readers.  Over the course of ASIC development in the Bitcoin mining and Scrypt mining spheres, many people have been burned.  The […]

Headlines TechCrunch Gets It Wrong – There Are No Bitcoin PoliceTechCrunch and Newsweek TechCrunch’s East Coast Editor, John Biggs, recently published an editorial in response to a story which ran on CryptoCoinsNews, “Leah McGrath Goodman Insults Bitcoin Community, Still Defends Her Article.” The original story by our popular writer and Bitcoin enthusiast, Neil Sardesai, dealt […]

Headlines Finally, a Congressman Who Understands BitcoinA lot of politicians, such as Senator Joe Manchin, don’t really seem to understand how Bitcoin works. They often have misinformed beliefs about the virtual currency, such as the belief that Bitcoin is mostly used by criminals, leading them to the conclusion that Bitcoin needs to be banned. However, a […]

Headlines Australian Tax Office Explains Bitcoin, Intends to Tax itThe Australian Tax Office has demonstrated a clear understanding of bitcoin in an individual letter to a local startup. Icelandic Parliament Committee Holds Closed Session to Discuss AuroracoinIceland’s Parliamentary Committee on Economic Affairs and Trade discussed auroracoin in a closed meeting on Friday, March 14. US […]

Headlines Xapo Raises $20 Million for ‘Ultra-Secure’ Bitcoin StorageHelmed by Lemon founder Wences Casares, Xapo raised $20m as part of its first funding round. Mobile Ad Platform Vungle Offers Publishers Payouts in BitcoinLeading mobile app monetization platform Vungle is now offering bitcoin payouts for its app publishers. Bitcoin Proves Just the Tonic for London Gin […]

Headlines Company takeovers using Bitcoin are trendingOver the past few years, Bitcoin has grown. What started out as an isolated internet currency, only used by geeks has become a real method of payment. Pizzas, piano lessons, haircuts, it’s possible to find a merchant that accepts Bitcoin for almost anything. 2013 However saw a new trend […]

Headlines Google Director says cryptocurrencies are inevitableIn an appearance at SXSW yesterday, Google’s Director of Ideas issues a statement that cryptocurrencies like Bitcoin and several altcoins aren’t likely to be disappearing soon. “I think it’s very obvious to all of us that cryptocurrencies are inevitable”, said Cohen during a conversation with Google Chairman Eric Schmidt. […]

Headlines French Finance Minister Calls for EU Action on Bitcoin RegulationA top French financial official is calling on the EU’s ECOFIN council to consider far-reaching bitcoin regulation. Ebay Prepares To Accept Bitcoin With PatentEbay, the internet’s largest auction house and marketplace, filed a patent in 2011 which was accepted and has now become of interest […]

Headlines $113 Million ‘Mt Gox’ bitcoins may be moving through blockchain  Movements from Mt Gox? Since Mt Gox spectacularly applied for bankruptcy protection, leaving an estimated half a billion dollars of a hole behind it, there have been people asking a number of questions. What exactly was happening? Where did the missing bitcoins go? Can […]

Headlines Vertcoin Most ‘Active’ CoinIn the search for investment coins, one may choose to search for those that are undervalued.  Valuation can be a tricky issue, but fortunately there are some numbers available that we can use to better inform our judgements.  In principle, when looking for the best value we would be looking for […]

Headlines Japan: Bitcoin Not a Currency… But We’re Not SureThe Japanese Cabinet, this morning, declared that it does not consider Bitcoin to be a currency, reports Reuters. Japanese government says it may tax Bitcoin deals and impose regulations on its handling by the financial sector – details of which have not yet been specified.   […]

Headlines Russia’s Anti-Bitcoin Stance May Be Softening, Reports SayThe Bank of Russia seems to be saying that a February meeting did not result in a bitcoin ban. Bitstamp Audit Proves it was Behind $147 Million Mystery Bitcoin WalletA newly released audit by Bitstamp indicates it was behind the largest bitcoin transaction in history. US Congressman […]

Headlines Overstock.com Surpasses Expectations With BitcoinBased in Salt Lake City, Overstock.com surprised retailers and Bitcoin enthusiasts alike when they began accepting Bitcoin for payment on January 9th, roughly five months ahead of their initially stated schedule. Now it seems that their hard work has paid off, as Overstock has now surpassed $1 million in Bitcoin […]

Headlines Mt. Gox Call Center Leaves English Users In The DarkThe Bitcoin Exchange Mt. Gox is based in Tokyo, Japan, so it came to no surprise that most of their call operators speak mainly Japanese. However, when English customers have to wait more than 20 minutes to voice their concerns just to get call operators […]

Headlines Bitcoin Technical Analysis Indicates Near Mid Cycle LowThe purpose of this article is to advise that, on a time frame cyclic basis, we are at the normal time that a low is formed in the Bitcoin market.  This means that if the market performs as it has in the past, which is certainly no […]

Headlines What are the Consumer Benefits of Spending Bitcoin?While bitcoin has its risks, there are major benefits to spending digital currency, argues Coinbase’s Nicholas Tomaino. CCN Week in Review: Mt. Gox, Banning BTC in the U.S., Litecoin Donations, and MoreThis week on CCN, we learned that Mt. Gox is practically bankrupt, that Senator Joe Manchin wants […]

Headlines Inside the Race to Launch the First US Bitcoin ATMLong waits, financial losses and a final dash to Albuquerque finally saw Enchanted Bitcoins place the first US ATM. The Bitcoin perspective: When is a crisis not a crisis?Bankruptcy Protection So, Mt. Gox filed for bankruptcy protection in Tokyo on Friday. The details emerging today […]