Month: August 2014

Headlines 3 Forces Shaping Next-Generation Bitcoin ExchangesRecent bitcoin exchange funding deals reflect potential trends in that growing market. CryptoCause Fundraiser to Help CCN Author Scott Fargo Pay Rising Medical BillsCryptoCause is a new charitable organization dedicated to raising money to support Bitcoin mining community members who fall upon hard times. For its second fundraiser, CryptoCause selected […]

Headlines Bitcoin’s Future: Proof-of-stake vs Proof-of-workIt’s no secret that merchants who immediately sell their Bitcoin for fiat currency create downward pressure on the Bitcoin price, but the merchants aren’t the only people to blame. The proof-of-work (POW) system used by Bitcoin and other cryptocurrencies fails to create an incentive for miners to hold onto their […]

Headlines Bitcoin Price Analysis: Expected Movements TodayBitcoin price action has, since publication of this week’s in-depth report, provided some clues as to what the market may do next. Price returned to below $510 today with a brief dip below $500 (on the leveraged exchanges) during the European market session. Welcome, readers, to CCN’s new daily […]

Headlines Which Nation Will Lead South America’s Bitcoin Revolution?Prominent members of the South American bitcoin community assess which market is most likely become the region’s cryptocurrency leader. Should Bitcoin Groups Be More Transparent?The Israeli Bitcoin Association records its board meetings and publishes them online. Should other bitcoin groups follow suit? GAWMiners’ Hashlet Sells More in […]

Headlines Apple’s New Digital Wallet Patent References ‘Virtualised Currencies’An Apple patent application hints at the inclusion of more than just credit cards in a new mobile wallet. DigitalBTC’s New Mining Centre Powered 100% by Renewable EnergyBitcoin firm digitalBTC has announced a multi-year hosting and power supply agreement for an Iceland-based mining centre. Bitcoin Malware Attack […]

Headlines Korean Bitcoin Startup Korbit Nets $3 Million in Series A FundingSeoul-based bitcoin multi-services company Korbit has announced $3m Series A funding from some major venture capital investors. Why a State Monopoly on Money is Always BadIn March of this year, The Economist, published an article entitled: Prophets for Today. This article discussed the relative […]

Headlines Review of The Rockminer T1 800 gh/s Bitcoin ASIC MinerRockminer has been growing fast in the Bitcoin ASIC miner industry and they have recently taken another step forward with their Rockminer T1 miner. This miner starts things off with a new design that steps away from the tube design that many of the Bitcoin […]

Headlines Bitcoin News in Review: Ditching USD, Bitcoin Bills, Exchange Audits, and MoreHappy Sunday, and welcome back to another Bitcoin News in Review, where we feature some of the top stories of the week here on CryptoCoins News. This week (17 August – 24 August), Amagi Metals decided to ditch the US dollar for Bitcoin, Australians […]

Headlines Transport and Velocity: Could Bitcoin be a Replacement for Gold?CoinDesk takes a look at the transport and velocity implications of digital bitcoin versus analog gold. 6 Things Bitcoin Has Made Possible for the First TimeBitcoin has already proven to be a gamechanger, allowing us to do things previously thought impractical or even impossible. Crypto […]

Headlines Huobi To Implement Proof of Reserves Program, Pave The Way For Exchange AccountabilityHuobi 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 to follow in September. Huobi is following in the footsteps of its foreign and domestic […]

Headlines How I, and Countless Others, Were Conned by TimeToBitThe cryptocurrency mining industry is a strange place. Here, we live by the “guilty until proven innocent” maxim. Anything and everything about a mining company falls under question, and if the tiniest thing seems off, we conclude that the company is a scam. And unfortunately, it […]

Headlines Delaware Legislates on Inheritance of Digital AssetsDelaware has enacted a new law that allows families to access their loved ones’ digital assets after death. LakeBTC Exchange Launches Browser-based Bitcoin Trading AppShanghai-based cryptocurrency exchange LakeBTC has launched a new HTML5-based trading tool dubbed LakeTrader. LibraTax Opens to the Public; Bitcoin Tax Nightmare Just Got EasierTaxing […]

Headlines Deckbound: A Competitive Card Game Based On The Bitcoin BlockchainDeckbound is a series of upcoming collectible card games that will feature cards backed by transactions on Bitcoin’s Blockchain; each unique card will be assigned a specific transaction on the Blockchain. Because each card is simply a transaction on the Blockchain, players will have a […]

Headlines Russian Tech Magnate’s First Bitcoin Project Launches in BetaBlockTrail is the newly launched block chain explorer founded by tech magnate and VKontake co-founder Lev Leviev. BTC China Launches iOS Apps, Reduces FeesExchange BTC China has relaunched its iOS mobile exchange app, and has a wallet app awaiting approval. Price of Bitcoin Drops Below $400 […]

Headlines P2Pool Bitcoin Mining To Become Easier: CoinCadence Acquires P2Pool.orgWhen CoinCadence announced that P2Pool.org was being sold there was quite a bit of trepidation in the mining world. The change in ownership of this domain is quite a big deal for the large and growing portion of the mining world that uses P2Pool. I was […]

Headlines GoCoin Targets Telecoms With Email and SMS Billing SystemGoCoin has launched a new wallet top-up service it hopes will attract major telecom merchants. What Does the Lull in Forex Volatility Mean for Bitcoin?Patrick Foot examines what the current lack of forex volatility means for traders of digital currencies like bitcoin. Fereshteh Forough and Roya […]

Headlines Hackers Steal $1.65 Million in NXT from BTER ExchangeAround $1.65m in NXT has been stolen from cryptocurrency exchange BTER, the company has revealed. New Altcoin Promotes Fitness with ‘Proof of Sweat’Mangocoinz uses exercise as proof of work, but how to stop the cheaters? Bitcoin Block Chain Now Searchable with DuckDuckGoSearch engine DuckDuckGo now broadcasts […]

Headlines Jed McCaleb, Ripple Labs Strike Deal to Avoid 9 Billion XRP Sell-OffRipple Labs has reached an agreement to prevent co-founder and Stellar creator Jed McCaleb from quickly liquidating his XRP holdings. Price of Bitcoin Falls to $500, Lowest Level Since MayThe price of bitcoin declined nearly 9% to under $500, its lowest level since […]

Headlines Have You Stepped Into Ring Zero Yet? My Bitcoin Regret StoryI’m sure that every reader has stories of having missed out on being an “early adopter” of Bitcoin, and I’d like to share my tale with you. But first, let’s preface this entire piece by reminding everyone that even learning about Bitcoin in 2014, […]

Headlines How Coinalytics is Building the Bloomberg for BitcoinThe company believes it can be a source of BTC-related datasets, making it a “Bloomberg for bitcoin”. LakeBTC Exchange Lets Users Bypass Bank Transfers with RippleLakeBTC users can now use the Ripple network for deposits and withdrawals to avoid cumbersome international bank transfers. Bitcoin Adoption: 5 Ways […]

Headlines Does News Really Move The Bitcoin Market?Ask a taxi driver anywhere, from NYC to Kathmandu, what they think about the price of oil, and you’re likely to get a comprehensive answer, including an opinion about the Gold price – and perhaps, the Bitcoin market’s next rally. Information about commodity prices and their causal relationships […]

Headlines Dignitas International: Bitcoin Holds Promise for Non-ProfitsAnne Connelly, Dignitas International’s director of fundraising and marketing discusses how bitcoin can impact the charity’s fight against HIV. Industry Reactions to New York’s BitLicense ProposalCoinDesk asked industry representatives for their thoughts on the New York Department of Financial Services’ BitLicense proposals. Bitcoin Mining for Beginners Part I […]

Headlines Bitcoin Growing Rapidly in Emerging MarketsMin-Si Wang is reporting on the growth of momentum in Bitcoin use within emergent markets. While the level of Bitcoin adoption has slowed somewhat within the developed world, it has gained significant momentum within developing countries. While the currency can be somewhat volatile in nature, particularly as an investment asset, […]

Headlines Andorran Digital Currency Summit Will ‘Unite World’s Financial Elite’The Digital Currency Summit plans to unite the world’s investors, lawyers, politicians and bankers for a primer on cryptocurrencies. OpenBazaar Beta to Start Late August 2014  OpenBazaar is an upcoming open-source, decentralised, and unregulated online marketplace. Similar to other projects such as Open Transactions and DarkMarket (OpenBazaar […]

Headlines The City of London: Driving Bitcoin Forward?Harriet Dennys, writing in The Telegraph during the Summer, revealed that London has now overtaken New York and Beijing as the global financial center with the most “economic clout,” according to a PwC study tracking the development of the world’s 30 leading cities. London achieved the number one […]

Headlines New Deal Could See Global Payments Refer 1 Million Merchants to BitPayGlobal Payments Inc. has agreed to refer any of its one million merchants wanting to accept bitcoin to BitPay. George Osborne Unveils UK Plans to Explore BitcoinChancellor George Osborne has announced a new initiative to explore the potential role of cryptocurrencies in Britain’s […]

Headlines Second Round Winners Named in MIT Bitcoin App ContestMIT BitComp, a summer-long, app-creation competition at the prestigious university, has named its second-round winners. Argentinian Bitcoin Exchange Loses its Bank AccountsArgentinian bitcoin exchange Unisend stopped customer deposits and bank transfers Monday when banks closed its company accounts. China Exchange OKCoin to Launch Bitcoin Futures TradingOKCoin’s […]

Headlines 3 Solutions for Instant Bitcoin ConfirmationsOne of the so-called “problems” with Bitcoin in the eyes of new users is the lack of instant confirmations. Transactions are usually viewed as generally secure after a few confirmations on the blockchain, but this can create a problem in situations where you want to buy something from a […]

Headlines Bitecoin: Gotham Cookies accepts Bitcoin in NYCWelcome to Bitecoin, where CCN’s Calvin Tran reviews food bought with Bitcoin. I have tested my taste-buds on some delicious cookies from a local baker, Liz Bresler of Gotham Cookies. The BitPay recently did a small profile for their blog. Gotham Cookies is a New York City-based artisan […]

Headlines The Promise and Pitfalls of Crypto CrowdfundingNew initiatives by Swarm are trying to push crypto-based crowdfunding forward. But are they the solution? 7 Unique Ways to Spend Your BitcoinSo you have bitcoins and want to spend them, but you are not sure what to buy? We all know you can purchase items off Newegg […]

Headlines Circle Issues $50 to Customer to Cover Unexpected Cash Advance FeeCircle has credited a user following concern he was charged unwarranted cash advance fees by his card issuer. Coinkite Exclusive Interview – Your One Stop Shop for Accepting BitcoinCCN just interviewed the first company to market a Bitcoin point of sale (POS) system, Coinkite. […]