Month: March 2014

Headlines $46k Spent on Mining Hardware: Who Will Deliver the Goods?Mining equipment makers are notorious for their long delays and poor customer service. But is this actually the case? Centralised Exchanges Got You Down? Consider Bitcoin-OTCBitcoin-Over The Counter is an IRC (Internet Relay Chat) channel on the Freenode server, a meeting place for traders who […]

Headlines Bears and Bitcoin: a hidden historyLet me start by making a sweeping statement that is generally found to be true. ‘Bulls have a positive outlook, they believe things will get better; Bears have a negative outlook, they believe things will get worse. Bulls and Bears, however, do have one thing in common, that is, […]

Headlines 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 the IRS announcing how they will treat Bitcoin and virtual currencies for tax purposes a petition to the White House, has been started […]

Headlines Price of Bitcoin Falls Under $500 Amid Uncertainty in ChinaCoinDesk’s USD BPIs remained below $500 for most of Friday with no new news from China. Segundamano.es, The Spanish Craigslist, Unblocks Classified Ads Allowing Payment In BitcoinSpanish language article available here. Segundamano.es, often called the ‘Spanish Craigslist’, has received some flak from Spanish Bitcoiners in […]

Headlines Robocoin Offers Bitcoin ATM Operators 0% Fees for LifeRobocoin has announced an ambitious new incentive plan for operators that will drop fees to 0%. Online Payments Provider ‘Stripe’ Now Testing Bitcoin SupportStripe is now testing bitcoin payment support with one merchant, but has opened enrollment to more. Mining Malware Infects Mobile Market via Google […]

Headlines Satoshi Institute reveals Satoshi’s Bitcoin historySatoshi Nakamoto remains an obscure figure to most people that are involved in cryptocurrencies. As the creator of Bitcoin, he is the reason we are all here. You would not be reading this article if it weren’t for him. Heck, I would not have written this text, and we […]

Headlines Cameron And Tyler Winklevoss Are The Keynote Speakers For (Bit)coinWorld At Money2020Money2020 is the breakout annual even for emerging payments and is set to kick off in Las Vegas at the Aria on November 2nd through the 6th.  The 5 day event has been growing since its inception in 2012.  Money2020 is in its […]

Headlines Forget the Moon, Bitcoin Can Now Take You to the Summit of Mt EverestExpedition organiser Mt Everest Adventures is now accepting bitcoin for its services – which include summiting Mount Everest itself. Mining ASICs Technologies B.V. (MAT) Joins Scrypt ASIC Race Towards The BottomUpdate on Scrypt ASIC Race Towards The Bottom.  KnCMiner has promised […]

Headlines Bitcoin Price May Be TechnicalThere may be some words of encouragement for those wondering why the price of Bitcoin seems to keep falling.  In fact, if we look at the Bitcoin price chart using a longer time frame and the logarithmic scale we can see the price bounded by some lines called support and […]

Headlines Inside New York’s Bitcoin CentreA stone’s throw from the stock exchange, New York’s bitcoin community is educating, trading and planning for the future. 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 […]

Headlines Bitcoinference California: Women in Bitcoin, VCs, and the ‘Unconference’Bitcoinference, a half-day event devoted to cryptocurrencies, proved a sell-out in California yesterday. Report Claims Colombia’s Central Bank May Enact Bitcoin BanColombian newspaper El Tiempo suggests the country’s central bank will release new, potentially restrictive bitcoin regulation next week. Video: Roundup of This Week’s Bitcoin News […]

Headlines SecondMarket CEO Barry Silbert Talks Vision for Bitcoin Investment TrustBarry Silbert talks to CoinDesk about how his initiatives will help reshape the US bitcoin market this year. Neo & Bee responds to Cyprus authorities’ warningsAuthorities should create regulations for a bitcoin exchange platform that utilises multi-signature wallets, cryptographic proof of liquidity and reserves, and […]

Headlines California’s First BTC ATM To Be Debuted March 20thRobocoin, a company based in Los Angles, has announced that they will be debuting their new bi-directional BTC ATM in California on march 20th, 2014 at the . This ATM will be the first of its kind for California that allows users to exchange Bitcoin both […]

Headlines Western Union CEO: ‘First-World’ Bitcoin Not Ready for Global UseWestern Union CEO Hikmet Ersek critiqued bitcoin today, suggesting it is currently ill-equipped for cross-border payments. Bank of Thailand issues another statement on BitcoinIn the long list of countries shedding their light upon Bitcoin, Thailand seems to be one of the countries that doesn’t know […]

Headlines Nasty Mining and the Nasty Fans Coin: A Different Way to Mine and the Man Behind It.A couple months ago I saw a new physical Bitcoin being offered that had a unique and interesting concept behind it. It’s the Nasty Fans Seat coin. As you know from my previous article on the MicroSoul coin, […]

Headlines TigerDirect: Second Online Retailor to Top $1 Million in Bitcoin SalesFollowing Overstock, TigerDirect is the second online retailer to report Bitcoin sales in excess of $1 Million. TigerDirect processes about 2 billion dollars of orders each year.  Both companies reported dramatic sales increases as a result of beginning to accept Bitcoin.  Using Bitpay as […]

Headlines How Bitcoin is Changing EverythingBitcoin isn’t just challenging business models, it’s challenging entire generations of established political and economic theory. The importance of Overstock’s Bitcoin salesOverstock was one of the first major online retailers to accept Bitcoin as a payment method. The announcement was a big step for Bitcoin. The cryptocoin is trying to […]

Headlines Iranian Government Could Move Quickly to Regulate Bitcoin, Reports SuggestFars News Agency has suggested that the Iranian government is looking to act quickly to regulate bitcoin. Menufy Now Supports Bitcoin Payments at 400 US RestaurantsUS-based online restaurant service Menufy has integrated with Coinbase in a move sure to please avid foodies. Avalon ASIC’s 40nm […]

Headlines Mintspare Will Pay Bitcoin For Your Old ElectronicsMintSpare is a startup that doles out bitcoin to anyone who has devices that are no longer wanted. Pock.io Selling UK Retailer Gift Cards for CryptocurrenciesConsumers in the UK can now use eight cryptocurrencies to buy gift cards for major online retailers like Amazon. Mobile Ad Platform […]

Headlines Chicago Court Freezes Assets of Mark Karpeles in the USThe court has apparently frozen all US-based assets controlled by Mark Karpeles, CEO of defunct bitcoin exchange Mt. Gox. BitPay Drops Central Texas Gun Works; Bitcoin Magazine Drops HeadlineOriginal Bitcoin Magazine article; article has been removed. Late last night, Bitcoin Magazine published an article about […]

Headlines Mt. Gox Hackers Extorting BTC for Customers’ Personal InformationAbout a week ago, Russian hacker “Nanashi” leaked the entire source code for Mt. Gox. Unsurprisingly, considering how unprofessional Mt. Gox has been, the code is pretty bad. Some random red flags: – There’s a class with the name of the application. (Issues: Scope, SRP) – […]

Headlines eBay Patent Filing for Currency Exchange System Included BitcoinA newly surfaced patent shows bitcoin has been a part of the company’s planning as far back as 2011. ‘BOOST:Bitcoin’ Event Draws a Crowd in Hong KongThe introductory event attracted over 100 visitors, including brand new bitcoin users and a number of merchants. Cryptocurrencies are ‘Inevitable’, […]

Headlines South Korea Launches its First Two-Way Bitcoin ATMSouth Korea’s first bitcoin ATM is locally built and enables users to both buy and sell bitcoin. The Many Tendrils of Mark Karpeles and Paranoia They CauseAs the continuing fallout from the MtGox disaster happens the negative publicity and the infamy of Mark Karpeles grows. Mark with […]

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 Satoshi Nakamoto Denies Being Creator of Bitcoin Amid Media FrenzyThe man Newsweek named as bitcoin inventor Satoshi Nakamoto has denied any involvement with the cryptocurrency. Security Regulation Within the Crypto Currency BusinessIn recent weeks, the crypto currency sector has been getting much media attention concerning security. Several exchanges have announced they are undergoing security […]

Headlines Vault of Satoshi Halts US Bitcoin Exchange Service, Cites Worsening US Regulatory ConditionsVault of Satoshi announced today that it will stop service to US customers, with no timeline for return. Upcoming Version of Bitcoinj Software Will Use Tor NetworkBitcoin developer Mike Hearn claims an upcoming version of bitcoinj will route all connections via the […]

Headlines Bitcoin’s Biggest Challenge is Educational, Not TechnicalSerial bitcoin entrepreneur Erik Voorhees challenges Professor Peter Morici’s recent criticism of bitcoin on Fox News. Scrypt Mining Rejoices Nvidia GTX 750 TiThe Nvidia GTX 750 Ti has come up trumps in a comparison of mining GPUs. Just when we all thought that AMD is king of the […]

Headlines Tinkercoin Will Sell You $20 in Bitcoin – But Only OnceThe Canadian firm has launched a bitcoin sales service aimed entirely at new bitcoin users. 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 […]

Headlines Current System Lets Well-Connected Break Law, Bitcoin Lets EveryoneOne of the most troubling aspects of the law in almost every country is the fact that it is rarely applied in a completely equal manner. In most cases, there is one set of laws for the politically well-connected, and another set of laws for the […]

Headlines Will Florida’s Money Laundering Laws Apply to Bitcoin?Lawyers of two men arrested for bitcoin transactions claim state legislation only applies to fiat, but are they right? CCN Websites of the Week: Multi-Coin Wallet, Accurate Bitcoin Prices, and MoreHappy Sunday, everyone. Here are the Websites of the Week for February 23rd to March 2nd. Terrawallet Terrawallet is […]

Headlines Your Money and Japanese Law: Mt. Gox’ FutureThis story has been updated to reflect the possibility that all MtGox account holders are considered “unsecured creditors” whose rights may be altered under bankruptcy laws. Additionally, MtGox has already filed under the Civil Rehabilitation Law As you know, the bitcoins are gone and Mt. Gox has filed for […]