Month: March 2014

Headlines Coinex back online, still missing 50% of stolen fundsTwo weeks ago, I reported on cryptocurrency exchange Coinex.pw being hacked. All coins were stolen, and the site went offline. After two days, founder Erundook posted a statement at Bitcointalk, saying Coinex would reimburse the stolen coins from their own pockets. Needless to say, the community […]

Headlines Hullcoin: The World’s First Local Government Cryptocurrency?David Gilson reports on the very first UK local government operated cryptocurrency, HullCoin. CCN Week in Review: IRS Treats Bitcoin as Property, BTC Price Drops, Mt. Gox, and MoreAnother eventful week at CCN. We learned that the United States Internal Revenue Service (IRS) is treating bitcoin as property […]

Headlines Coinbase announces Bithack winners and own App StoreBitcoin contests, we do not see them often. At least not big ones. There was one; however, that caught the eye. Coinbase organised Bithack, a contest where developers were encouraged to ‘explore the possibilities of Bitcoin’. This left many options open, so creativity was a high priority […]

Headlines 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 the last few months for not allowing payments in Bitcoin.  Segundamano.es is the second largest site offering Spanish classified ads, after Milanuncios.com.  Both sites receive […]

Headlines UK Bitcoin Exchange Coinfloor Opens Registration, Incentivizes Early AdoptersCoinfloor is now accepting registrations from users looking to conduct GBP-to-BTC trading. PBOC Orders All Chinese Banks And Third Party Payment Processors To Close Accounts Of Chinese Bitcoin Exchanges by 4/15Original Chinese article here. English article by Caixin. Caixin is a trusted Chinese financial news source. Ties […]

Headlines Cryptocurrency Payment Processor GoCoin Gets $1.5 Million in FundingThe Singapore-based bitcoin and altcoin payments processor has raised additional funding. Agora Commodities Reports $10 Million in Bitcoin SalesAgora Commodities has sold over $10m-worth of gold and silver for bitcoin since accepting the cryptocurrency last year. OKCoin CEO on Expansion and China’s Competitive EdgeEarly-stage investor Rui […]

Headlines Moolah Founder Accidentally Donates 20 Million Dogecoin to Sponsor NASCAR DriverMoolah founder Alex Green accidentally typed an extra zero, raising the amount to 20 million dogecoin – or $15,000. DED Officials Debunk Bitcoin ATM Speculation in DubaiUAE residents looking forward to Dubai’s bitcoin ATM army may be disappointed to discover that it’s not happening, […]

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. Australian Manufacturer Debuts First Cashless Bitcoin ATMDiamond Circle claims it has produced one of bitcoin’s holy grails: a cashless two-way ATM. Europol […]

Headlines European Artists Collaborate to Sell Wine and Graffiti for BitcoinAn annual event where street artists collaborate on unique paintings is now accepting bitcoin for art and wine. CCN Week in Review: Mt. Gox “Finds” 200K BTC, Blockchain Downtime, Bitcoin Price Drop, and MoreThe week of 17 March – 23 March was pretty eventful in […]

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 Doge4Nascar wants to have a Dogecoin NASCAR race carThe Dogecoin community is on the hunt for another successful marketing campaign. After their efforts to get the Jamaican bobsled to the Winter Olympics and Doge4Water where they made an effort to get drinkable water to Kenya, Dogecoin enthusiasts are trying to get their very own […]

Headlines Was This $200 Vending Machine the World’s First Bitcoin ATM?In 2012, student Max Albrecht converted a vending machine to dispense bitcoin, making it possibly the first bitcoin ATM. Fortress and Pantera Investment Fund Focus On ‘Virtual Currencies’Fortress Investment Group LLC and Pantera Capital have announced that they are teaming up to form an investment […]

Headlines Bitcoin Version 0.9.0 Brings Transaction Malleability Fixes, Branding ChangeCore developers have renamed the bitcoin reference client Bitcoin Core to reduce confusion between the network and the software. Massachusetts reviewing legality of Boston Bitcoin ATMLast Tuesday, another warning against the usage of Bitcoin was thrown into the world. The Massachusetts Consumer Affairs Office issued an […]

Headlines Bitcoin’s Growing Role in US PoliticsWith US midterm elections approaching, bitcoin’s role in campaign donations will bring it further into the political spotlight. BREAKING: As Promised, Bitcurex Resumes Operations on TuesdayUpdate: EUR trading is back as well. Last week, Poland’s largest bitcoin exchange, Bitcurex, halted all trades to investigate a hacking attack. A malicious […]

Headlines South Africa warns people against Bitcoin after Bitcoin trialThe story of Bitcoin’s regulation continues. Today’s turn goes to beautiful country South Africa. The government had been talking about Bitcoin for some time now. They even ran a ‘Bitcoin trial’. In terms of willingness to accept, we love the idea of a trial. It beats […]

Headlines Japanese Megabank Mizuho Now an Official Defendant in Mt. Gox LawsuitsChanges to a lawsuit against Mt. Gox in North America added Mizuho Bank and founder Jed McCaleb as defendants. 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 […]

Headlines Bitcoin Trading Volume Concentrating in Largest ExchangesData indicates that BTC trading volume has concentrated in the larger exchanges, while smaller companies are being pushed aside. How Bitcoin is Changing EverythingBitcoin isn’t just challenging business models, it’s challenging entire generations of established political and economic theory. Japanese Lender Mizuho Caught in Mt. Gox Scandal(Reuters)  Connection […]

Headlines Avalon ASIC’s 40nm Chip to Bring Hashing Boost for Less PowerEvery bitcoin miner wants faster hashing at low power, and that’s just what Avalon’s new 40nm chip should deliver. Model UN Participants Reflect Public Image of BitcoinI was at Hope College this week for their annual Model United Nations conference and I decided to […]

Headlines Bitcoin Proves Just the Tonic for London Gin DistilleryBitcoin holders can now splash their digital currency on various tipples at The London Distillery Company in Battersea. CFTC is considering Bitcoin regulationEver since Bitcoin and other cryptocurrencies started gaining worldwide popularity and acceptance, there has been a debate going on about regulation. When bad news […]

Headlines Two-Bit Idiot: A Cautionary TaleMy Dad always liked to compare life to poker, “you got to know when to hold ’em, know when to fold ’em,” he would say. Sure, maybe I’m thinking of Kenny Rogers. Either way, the lesson is one everyone could benefit from learning. In case you are already familiar with […]

Headlines Activist Takes Old-School Approach to Bitcoin PromotionBitcoin activist Curtis Fenimore wants to change the world, a few thousand leaflets at a time. Huobi CEO Addresses ‘Fake’ Trading Volume RumoursEarly-stage investor Rui Ma talks to Huobi CEO Leon Li to uncover how the platform ascended China’s ranks. Dutch Streets Adopt Cryptocurrency, Become ‘Bitcoin Boulevard’Ten Dutch […]

Headlines ‘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’, Says Google’s Jared CohenThe search giant’s Director of Ideas believes cryptocurrencies are here to stay. eBay Patent Filing for Currency Exchange System Included BitcoinA newly surfaced patent […]

Headlines 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 his Companies shed a large shadow on other companies and business’s that may have ties to them. It also makes one think twice when […]

Headlines Meet Roger Dickinson, The Man Behind California’s Bill to Legalize BitcoinThe California Assembly’s Roger Dickinson talks about his state’s neutral approach to digital currency legislation. Apple Forces Fancy to Remove Bitcoin Payments From its AppBy now everyone knows that Apple isn’t too fond of Bitcoin. The company has removed every single Bitcoin wallet application […]

Headlines Hiding in Plain View, Too Much Secrecy, and Where Next for Space-Bound Twins?John Law suggests privacy seekers should stay hidden, bitcoin doesn’t need Tor and a novel purchase for the Winklenauts. Japanese Government Says Bitcoin ‘Not a Currency’, Forms Investigation CommitteeJapan’s ruling party, the Liberal Democratic Party (LDP) has launched an investigative committee into […]

Headlines New Toronto Accelerator to Invest $250k in Bitcoin StartupsThe accelerator hopes to raise a total of $1.5m in private funding to sustain its first eight months. Bitcoin Price: Ready to Rally?The Channel Low In my previous CryptoCoaster video, I forecast that an extreme negative case would see Bitcoin price reach the long-term channel low. […]

Headlines Japan may introduce Bitcoin regulations this weekAfter the tragedy of Mt. Gox, once the highest volume Bitcoin exchange, Japanese authorities are most likely already working on a plan of action to regulate the virtual currency. New guidelines will be issued by the cabinet, possibly later this week. A decision will be made for how […]

Headlines Japan Mulls Bitcoin Tax Following Mt. Gox FailureJapan’s Ministry of Finance and national tax agency are reportedly studying ways of governing and taxing digital currency transactions. Bitcoin Foundation Sets Record Straight on New UK OfficeThe Bitcoin Foundation discussed its newest London office, which became an unlikely magnet for controversy on Sunday. Breaking: Litecoin Now […]

Headlines Mt. Gox Lawsuit Targets Mark Karpeles’ Personal WealthA London law firm says it will go after the Mt. Gox CEO personally to recover clients’ lost bitcoins. Bitcoin jumping through the roof – Why?The Bitcoin price has increased rapidly in the last hour, jumping from $580 to more than 710 USD. There is obvious some […]

Headlines 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 Bitcoin banned in the United States (and Chairwoman Janet Yellen’s response), that the Litecoin community raised over 120 LTC for a Vietnamese orphanage, and […]

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 […]