Certain Things in Bitcoin Are Sacred

Lately there has been chatter that by raising the block limit, or discussing doing so, we are opening up the gates to later have a discussion about making other major changes to Bitcoin. It's even been suggested that by letting this block size limit raise go through, we are opening the door to the possibility of a coin limit raise. Which is just ridiculous on the face. Under no circumstances could such a change be made to Bitcoin. It would be the ultimate betrayal of even an average Bitcoin holder, who believes he is holding a limited supply asset. Such […]

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5 Ways to Get Free Bitcoins

Do you wonder where you can get some free bitcoins? For many of us, the discovery of Bitcoin is like the discovery of organic foods. We can see the benefits of using them but find it difficult to justify the cost, and then there is the risk that we'll be getting a bad deal since we don't know what we're doing. In Bitcoin, it's like every organic food store has someone out front, offering free samples. Also, there's a library everywhere you look, but only a few of those libraries have any good information. The largest traders would benefit a […]

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Hyundai Sees Future in Eco-Friendly Cars

Hyundai is the largest car producer in South Korea, so when it says something about the future of the auto industry, people listen. Today was no exception, as the company declared that there is a future in hydrogen cell vehicles as well as electric cars.

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Bitcoin Processor Bitnet Finalizes Partnership with Computop

Readers may remember back in March when the Bitcoin payment processor, Bitnet, partnered with Cardinal Commerce to add Bitcoin payment as an option to hundreds of recognizable brands. Bitnet is a company that aims to do the same thing that some in the Bitcoin space are doing already, but better. Through creating partnerships with traditional merchant payment service providers, the company is trying to position itself in a way that it will be the default option for many who may not yet have considered plan B. By simply having to tick an option with their existing platform instead of adding […]

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Bitcoin Company tidbit Raises £122,080 in Seed Funding for Bitcoin Tipping Service

tidbit, a London, U.K.-based online tipping and micropayments service that utilizes bitcoin, has raised £122,080 ($192,289) for 15.03 percent equity in seed funding through investment platform Seedrs. The funding will be used for marketing, incorporating additional features, and building the network of sites featuring tibdit. tibdit provides a fast and convenient tipping and donation service, giving users the chance to reward others online with payments between 3p and 75p. tibdit takes only 1.5p per transaction. tibdit facilitates such small payments through the use of bitcoin. The service makes sense for charitable organizations, bloggers and artists looking for ways to generate […]

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Buy Organic Food With Bitcoin At Yummy Yards

Adam Soltys runs Yummy Yards, which is an urban farm located in Vancouver and Richmond specializing in organic food. Yummy Yards grows a variety of organic produce and runs as a cooperative, with generations of growers passing it from one to the next. What does Soltys believe Bitcoin and cooperatives have in common? “They’re run voluntarily and democratically,” he told CCN. He gave himself a moniker once: “techno hippie.” When I asked him why, he didn’t hesitate to elucidate: “I chose techno hippy because I’m into environmentalism, yoga, eastern/newage spirituality, music festivals, psychedelic drugs, tuning in, dropping out, ecotopia and […]

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Gene Editing for Healthier, Long-Lived and Super-Smart Designer Babies

If the human genome is the book of life, then CRISPR technology is its Microsoft Word, notes the Financial Times. The cut-and-paste genome editing technique, invented only three years ago, can remove stretches of DNA and, if required, insert new ones.

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Checking Out the Eobot Cloud Mining Service

The Eobot cloud mining service has apparently been in operation since April 2013 and is based in California, USA and we’ve known about it for quite some time, but have not tried it up until recently. The service says that their “cloud mining should be considered as a fun, recreational activity and not a source of income or investment”, so it does make reasonable promises and does not try to make you believe you will ROI in no time. It has multiple options available, apart from standard cloud mining it also offers cloud folding services, the ability to rent hashrate and point it to your on pool, or mine with your hardware in their mining pools, they even offer their own software for mining. There is also a built in faucet with small daily payouts built-in that can help you get started even without investing your own money or coins in the service plus some awards to stimulate you to return often such as a daily DOGE reward just for logging in. You can choose to mine not only Bitcoin, or Litecoin, but also BlackCoin, Namecoin, Dogecoin, Dash, Reddcoin, BitShares, CureCoin, StorjcoinX, Monero, Counterparty, Stellar, Bytecoin, Peercoin, NXT or MaidSafeCoin. Though the additional coins are not mined directly, but probably your mined profit is exchanged for the crypto currency you choose.

At the moment the service has almost 230 thousand users registered, but apparently not that much of them actually have purchased a lot of hashrate for clud mining. There are two options available in the form of 5 year contracts – GHS 1.0 sold at $0.20 USD per GHS with a maintenance fee of $0.00232/GHS/Day and GHS 2.0 available at a price of $0.50 USD with a lower maintanance fee of $0.00117/GHS/Day. The first option offers cheaper price for the hashrate, but the profitability is much lower with the maintenance fee resulting in about 95% of what you mine. The GHS 2.0 contracts on the other hand are pricier, but with lower maintenance fee (apparently using AntMiner S5 as mining hardware) that is currently about 49% of what you mine. The mining break even time in months at the moment is almost 50 months for the GHS 1.0 and about 12 months for the GHS 2.0 cloud mining contracts according to the service stats. At some point there were also scrypt cloud mining contracts being sold as well, but these are no longer available.

YOu can purchase cloud mining hahsrate or use the service as a form of crypto currency exchange, but you should be aware that when using crypto currencies to buy hashrate or to exchange between them there is a 5% fee charged. There si also support for purchasing hashrate via PayPal, but if you do so there is a rule that no withdraws can be made for 180 days after every PayPal purchase as apparently set as a precaution to avoid fraud, but not very convenient for honest miners. We have purchased about 100 GHS of GHS 2.0 Bitcoin cloud mining hashrate a few days ago to check out the service and so far everything seems to run smoothly and problem free. Interestingly enough with just about 100 GHS of hashrate the website ranks us in the top 150 users in terms of purchased hashrate from the 230K in total.

– For more information about the various cloud mining services offered by Eobot…

Bitcoin Price Rally To $260

Bitcoin Price has been advancing persistently and hit $260 / 1620 CNY during today's Asia-Pacific trading session. xbt.social analysis considers what lies ahead. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis Time of analysis: 04h59 UTC Bitstamp 1-Hour Chart From the analysis pages of xbt.social, earlier today: The advance is approaching target at $261 and 1621 CNY. Price has pushed relentlessly through resistance and into compounding divergence to the upside. The advance is now approaching […]

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Can a 3D-printed Car Beat a Porsche? Meet Blade

The Porsche 918 Spyder is the fastest accelerating car in the world, getting from 0 to 60 in about 2.2 seconds. However, Divergent Microfactories that has produced a 3D-printed car called the Blade says their car goes about .2 seconds faster than that, nonchalantly claiming to be faster than the fastest car in the world.

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Everledger Uses Block Chain to Combat Insurance Fraud

One of the main drives, since Bitcoin began gaining popularity, were the other possible uses of the block chain technology that drives it. Some have found ways to build other data layers on top of the block chain while others have found it possible to use the block chain to secure copyright notices. Everledger has devised a way that insurance companies can utilize the block chain to ensure that the items they are insuring are what they are said to be. This is not entirely secure, in the sense that a dedicated scammer could find a way to modify the […]

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Kraken Launches Across Canada with Vogogo

Payment processor and security provider Vogogo has partnered with Kraken to bring Kraken's exchange services to Canada. The new partnership and expansion also equates to a new Canadian dollar/Bitcoin exchange that Kraken will provide. All exchanges are constantly looking for ways to gain a competitive edge and moving to another country also to the one you started in; that's a good way to expand your business. This is exactly what Kraken has done. The exchange said Canadians who use its service would benefit from low fees and good technology. It's hard to tell if that will be enough to get […]

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How a Player Cheated an Online Bitcoin Gaming Site for $1 Million: Reward Offered for Help

Primedice, an online gaming site, learned a hard lesson when it lost $1 million in bitcoin to a hacker that exploited its RNG (random number generation) system last year. The company recently shared its experience on Medium, a website where people share stories. Stunna, the author of the story said the company wanted to share its experience so that others can learn from it. Primedice has also invited readers for help in recovering its losses and promises rewards for helpful leads. Unusual Patterns Emerged In August of 2014, Primedice released its third version after one week of closed beta testing. […]

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New Bitcoin Skill & Strategy Physics Game “Crypto Collider” Offers Unique Hedging System

Bitcoin Press Release: Just launched Crypto Collider is a new and unique, first-of-its-kind Bitcoin Game played with skill and strategy. The game features a transparent “GameChain” ledger and supports most popular digital currencies including Bitcoin, Dogecoin, Peercoin, NXT, Primecoin, LTC and more. It is fun, innovative and an excellent multi-functional hedging tool / trading platform. Crypto Collider presents a completely new way to increase and/or leverage Bitcoin’s value without affecting its price. It is a game that provides trading utility while also being a fun and entertaining way to hedge, socialise and make profits. Collider has been featured in the […]

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UK Government, Intel, & Trend Micro Partner to Monitor Cyber Crimes

The United Kingdom's National Crime Agency has contracted two security firms to provide minute-by-minute intelligence about tech crime. In an attempt to step up efforts to combat cyber crime last week, the super power teamed up with Intel Security and Trend Micro. The National Crime Agency hopes to obtain up-to-the-minute updates regarding cyber crime. The intelligence expansion is another attempt at mass harvesting information.

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Can Bitcoin Price Break Above Resistance?

Bitcoin price surged higher, Saturday, on the surprise announcement of a Greek referendum that will decide the fate of the stand-off between Greece and her big bank creditors. Sunday saw a pullback but by early Monday morning advance was, once again, underway. Can the Bitcoin price push higher? What stands in its way? This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis Time of analysis: 04h54 UTC Bitstamp 15-Minute Chart From the analysis pages of xbt.social, […]

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Samsung Ventures Backs Fove Virtual Reality Headset

Fove is on a mission to unlock the essence of Virtual Reality. The eye-tracking headset reached it's Kickstarter goal 72 hours after its campaign was launched. Samsung Ventures Japan committed additional funding to add extra functionality to the product.

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Global Economic Outlook: Eurozone At The Edge

The Grexit drama plot developed a twist when the Greek government turned on its antagonists and declared "This. Is. Sparta!" over the weekend. The EU now stands to witness the first actual fracture at its periphery, and it no longer holds the whip. Strategic alliances with other non-EU countries in the region become a reality, and the dwindling liquidity the ECB has been so desperate to protect, for the first time, makes a vortex near the open plug hole. China cuts interest rates in response to a stock market crash and the US Dollar strengthens as the Euro briefly sells […]

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Bitcoin Price Holding Ground - Outlook For The Week

Bitcoin price is holding ground near $250 and 1550 CNY after a surge from $240 yesterday. Monday morning may see markets, especially the Euro-pair forex instruments react strongly to the surprise twist in the Greek elegy. We consider the paths of price in the coming days, with critical levels that will define the price action. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis Time of analysis: 14h34 UTC Bitfinex 1-Hour Chart From the analysis pages […]

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The Greek Bank Run is Real - Bitcoin an Option?

So, as it turns out, people are trying to get all of their money out of the banks in Greece. We suspected this might happen. Everyone in the Bitcoin community is saying these people should convert to Bitcoin. Is that an option at this point? How can they get it if all they have is a currency that people increasingly do not want? There is a certain lack of fungibility in the Euro system; where it is obvious that a Euro was made for a certain country. This does not make it unusable in other countries, but if the whole […]

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Hackers Attack Script.cc Following Server Upgrade; Mining Site Expects To Resume

Hacking attacks occur at the least opportune times. Script.cc, a mining site, ran a server upgrade and later found its database had been breached. The company hopes to be up and running soon after moving to a new server following the attack that emptied its wallet. Script.cc recently posted a notice advising customers they are running audits on all accounts and once the accounts have been verified, account holders will be able to log in. ETA: June 30 “Our ETA stands at June 30th if everything runs smoothly, once we ‘relaunch’ all user balances will be available for withdraw,” the […]

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Cybersecurity Firm Tiversa Accused of Extortion

Large corporations and government organisations are often targets for hackers, and as a result, rely on cybersecurity firms to provide security guidance. However, in an ironic twist, one cybersecurity firm may have actually hacked its own clients. Tiversa is a Pittsburgh-based security consultancy, and according to an ex-employee, Tiversa stages data breaches to extort clients.  

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Bitcoin Price Advancing Strongly on Greek Defiance

Bitcoin price has reacted to the upside from the $240 level it has been trying all week. Our outlook was for decline once this level was breached, but today, following a surprise announcement by Greece that it will seek to exit the European Union defiantly and willfully default on its debts, Bitcoin started to advance. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis Time of analysis: 16h59 UTC Bitstamp 1-Hour Chart From the analysis pages […]

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(Video) New Documentary Explores the Roots of Bitcoin

In the below documentary, IamSatoshi Films explores the roots of Bitcoin. The film explores the aspect of Bitcoin that is often overlooked, how the political unrest of the early 2010s may have contributed to Bitcoin's success, as people were dissatisfied with the bailouts given to bankers earlier on. The allure of being one's own bank and having control of one's funds in the extreme would clearly attract those who were upset at the present system. The film presents original footage and interviews from 2012 to present day, painting a picture of Bitcoin which often is forgotten. The political roots of […]

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Bitcoin Mining Software P2Pool Calls For Hardfork Upgrade In 24 Hours Before BIP66 Takes Effect

P2Pool, an open-source, decentralized, mining pool, has called for a hardfork upgrade in 24 hours to be compatible with a BIP66/block version 3. The upgrade is needed under P2Pool release 14.0. BIP66 will take effect in about two and a half days as of June 26, according to the Bitcointalk.org P2Pool discussion thread. Users must upgrade in order for P2Pool to continue working without producing invalid blocks. Upgrade warning coming At 50% of P2PPool’s hashrate upgrading, P2Pool instances will start displaying a warning saying that an upgrade is required. “Reaching that point as quickly as possible is very important. And […]

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Grexit More Likely After IMF & ECB Push Greece Too Far, Will We Witness a Bank Run?

The IMF has been left standing with its finger in it's mouth after Greek Prime Minister Alexis Tsipras unexpectedly called a Greek referendum on whether to accept further austerity and encouraged the Greek people to vote "No". The prospect slams the possibility of a Grexit firmly on the negotiation table and Monday may see the unexpected turn painted red in market charts. Greek Prime Minister Alexis Tsipras has called a referendum on whether Greece should accept demands by the country’s creditors the IMF, ECB and European Commission. The decision comes on the heels of failed talks with the three lenders, […]

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Earning Bitcoin with Websites, a Comparison of Bitcoin Ad Networks

Advertising can be a hard way to earn money, especially in an era when many people are using anti-advertising plugins for their browsers, and most often people are specifically clicking on ads in order to support the platform where they see them. Bitcoin has a way of making that which is old new again, in that advertising is often a crucial means of distributing information about a new product in the Bitcoin space. There are some advertising platforms that have been specifically developed for the Bitcoin space. One of the oldest and best established is the CoinURL platform, which both […]

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Audi Goes to the Moon With the Google Lunar XPRIZE German Team

Audi announced that it's going to the Moon. The German auto maker is teaming up with Part-Time Scientists, a German team participating in the Google Lunar XPRIZE.

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Bitcoin ATMs 101: What You Need To Know About This Growing Business Opportunity

Interested in becoming a bitcoin ATM operator? ATM Marketplace, an ATM industry resource, has released a 40-page guide on bitcoin ATMs that explores every aspect of the business opportunity. The report is titled, “Bitcoin ATMs 101: Opportunities for the IAD.” IAD stands for independent ATM deployment. The guide, the first to examine the emerging cryptocurrency ATM market, notes bitcoin ATMs offer an efficient and secure way for people to buy and sell bitcoins. ATMs are an alternative to bitcoin exchanges that many believe are more susceptible to hacking and fraud. Bitcoin ATMs shoulder the credit, counterparty and volatility risk associated […]

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Chain Partners with Nasdaq to Bring Block Chain Technology to the Private Market

Since the revelation that Bitcoin was more than just something that was used on the darknet markets, interest has steadily been growing in Bitcoin and cryptocurrencies. A narrative has emerged where the block chain itself is the only value of the Bitcoin project. Many feel this is a dismissive and misunderstanding way to view the technology while others figure it doesn't matter how their interest in Bitcoin manifests, so long as it does. A distributed, transparent ledger would certainly help an organization like the Nasdaq. It would aid in the settlement of trades, and it could help regulators keep an […]

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Domain Organization ICANN to Reveal Business Owner Identities

In a move that many are protesting, the ICANN organization which makes many of the rules for the World Wide Web is presently considering a move that will require websites with "business activity" to dox their owners. They will no longer be allowed to use privatized information, they will have to display their real name, address, phone number, and so on, for all the world to see, under the new rules.

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Podcast Episode 10: Evan Duffield from Dash on Decentralized Governance & the Bitcoin Block Size Debate

In this episode, Evan Duffield of the Dash project gives us an extended interview in which we talk about a new feature in Dash which will give Dash users and masternode operators a much greater say in how things are done. Called the Decentralized Governance System, this new aspect of Dash allows users to essentially propose projects for Dash to fund, and those which get the most approval receive funding until the budget runs out. We also talk about the Bitcoin block size troubled times, about the history of Darkcoin, and more. Following that, the song "Detonate" by the pro-Bitcoin […]

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BitLicense Application Released by New York State

The New York Department of Financial Services has released the application for a "License to Engage in Virtual Currency Business Activity" more commonly known as the Bitlicense. You can view it here (PDF). Bitlicense Controversy The Bitlicense application is 31 pages. I just checked my handy bible, and Genesis is only 33 pages. God needed 2 more pages to create the world than Ben Lawsky needs to vet Bitcoin companies. In case you're not familiar, Ben Lawsky is a former regulator who is primarily responsible for the new virtual currency regulations in New York. Eric Voorhees, CEO of shapeshift.io, recently said […]

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Updated Miner Control Tool Packages for AMD and Nvidia

Time for another update of the complete packages based on the Miner Control tool for Nvidia GeForce GT 750 Ti and AMD Radon R9 280x GPUs due to hte latest developments in the mining world. The latest versions you can download from the links below include some updates and it removes the YAAMP pool support as it has become a part of NiceHash and currently redirects to their stratum servers. The latest updates also includes the most recent versions of SP-MOD’s ccMiner for Nvidia Maxwell as well as the sgminer fork with increased performance for Quark and Qubit with pre-compiled Binary Kernels for 280X. The two Miner Control tool packages are based on the latest fork of Miner Control from KBomba version 1.6.4.

To be ready to use the packages you just need to update the account settings for each pool to reflect your BTC payment address. Do note that the default configuration that we have set is mining from time to time for the author of the software (Miner Control) as a donation alternative, but you can change that setting should you wish to. The packages are ready to be used with either AMD Radeon R9 280X or Nvidia Geforce GTX 750 Ti cards, but you can also us the Nvidia package for other GPUs or more cards – what you may need to reflect however in the config file is the total hashrate and power usage. Since the AMD packages contains not only specific settings for AMD Radeon R9 280X, but also pre-compiled binary kernels specifically for that particular card if using it with other GPUs you will actually be getting lower hashrate, though n problem to use it with multiple 280X cards.

– To download the Miner Control 1.6.4 AMD Radeon R9 280x ready to use pack for Windows…
– To download the Miner Control 1.6.4 Nvidia GeForce GTX 750 Ti ready to use pack for Windows…

Bitcoin Price Near The End Of Downtrend

Bitcoin price has been steadily declining ever since the last week's unexpected rally high. Depending on what the market does in the coming weeks, we may soon see an end to the tedious consolidation, described by xbt.social since February, and a return to the Bitcoin price action we've been waiting for. However, for now, there is still some decline on the cards. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis Time of analysis: 05h17 UTC […]

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Anonymous Publishes Baltimore P.D. E-Mail & Passwords in Response to Freddie Gray

Is Anonymous making a comeback? The loosely organized conglomerate of worldwide hacktivists – hackers who are politically motivated – has been on the offensive in recent months.

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China's ChiNext Market is Crashing - Down 8% Today

China's ChiNext Market is a tech-focused index akin to Nasdaq. The Shenzhen based index is currently crumbling: down nearly 8% today and more than 27% over the last three weeks. ChiNext in Free Fall   The ChiNext market has suffered tremendous losses recently. According to Reuters, the index is crumbling because of policy concerns. The dramatic losses come as Morgan Stanley advised it's clients to avoid Chinese stocks Friday Morning, telling their clients "Don't buy this dip". Evidently analysts at Morgan Stanley don't think this is rock-bottom, and the charts agree. The ChiNext has lost nearly 8% and is still […]

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Bitcoin Poker Site Operator Pleads Guilty To Avoid Jail

Bryan Micon agreed to plead guilty to operating an unlicensed interactive gaming system to avoid jail time, his lawyer told a Nevada judge Thursday. Should he complete the probation time and pay a $25,000 fine, that charge would be reduced to a gross misdemeanor, according to his attorney Richard Schonfeld, reported The Las Vegas Review Journal. Micon operated a site called Seals with Clubs which accepted bitcoin. Micon to surrender his bitcoin, computers and more Micon will have to surrender the computers and 3.0996 bitcoins that gaming authorities seized from his home during a February raid. He will also pay $900 in […]

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Bitcoin Poker Site Operator Pleads Guilty To Avoid Jail

Bryan Micon agreed to plead guilty to operating an unlicensed interactive gaming system to avoid jail time, his lawyer told a Nevada judge Thursday. Should he complete the probation time and pay a $25,000 fine, that charge would be reduced to a gross misdemeanor, according to his attorney Richard Schonfeld, reported The Las Vegas Review Journal. Micon operated a site called Seals with Clubs which accepted bitcoin. Micon to surrender his bitcoin, computers and more Micon will have to surrender the computers and 3.0996 bitcoins that gaming authorities seized from his home during a February raid. He will also pay $900 in […]

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Wall Street Takeover? Blythe Masters Gobbling Up Block Chain Companies Left and Right

Blythe Masters, the Wall Street banker famous for being called "the woman who invented financial weapons of mass destruction" in regards to credit default swaps, a key misuse of which contributed greatly to the financial meltdown at the end of the last decade, has made yet another move in the cryptocurrency space. The firm she heads, Digital Asset Holdings, has acquired two start-ups in the space the firm aims to reign in: HyperLedger and Bits of Proof. HyperLedger may seem familiar, as it has made headline after headline. The "distributed asset ledger" company did not focus solely on Bitcoin, or […]

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DARPA Wants to Create Synthetic Organisms to Terraform and Change the Atmosphere of Mars

The Defense Advanced Research Projects Agency (DARPA) believes that it's on the way to creating synthetic organisms capable of terraforming Mars into a planet that looks more like Earth, Motherboard reports.

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Is Bitcoin a Religion?

A recent article by Filip Martinka delivers a damning characterization of the cryptocurrency world: we are a bunch of cultists, acting against our self-interest, religiously promoting something and trying to draw others into it as a means to expand its influence. The article takes the typical characteristics of a cult and breaks them down alongside the characteristics of Bitcoiners. Here are some of the things that, according to Martinka, make us cultists: The group is preoccupied with bringing in new members. The group is preoccupied with making money. The group has a polarized us-versus-them mentality, which may cause conflict with […]

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Yaamp Source Code is Now Open Source

In light of the recent news that YAAMP has been bought by NiceHash there is still something good – the source code of the mining pool is now available on GitHub as an open source project. It seems that the deal with NiceHash is not about the code of the multi pool service, but is for the domain and the user base that the service has. So the people behind Yaamp have decided to release the code of the website instead of selling it to someone . So if you want to run a pool service such as what Yaamp offered, then you might want to check their source code, there is not that much documentation available yet, but you should be able to figure things out if you have some experience.

– To view the source code of the Yaamp crypto mining pool available on GitHub…

The Fairphone One Aims to be Economically, Environmentally, and Hacker Friendly

Ever wished it didn't require a degree in engineering to update a single component of your phone? Ever thought it was unsustainable the way we have to throw out our old phone just to upgrade some certain feature we now find lacking, such as the camera?

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Country Singer John Barrett Celebrates Bitcoin in ‘Ode To Satoshi’

Cryptocurrency inspires all segments of society, from Wall Street bankers to American country singers. Country singer John Barrett now offers up his own inspiration in his “Ode to Satoshi.” Barrett hails Satoshi Nakamoto, the founder of Bitcoin as someone who “came to save the day.” He dedicates the song to famous country singer Pete Seeger and bitcoin evangelist Andreas Antonopoulos. Barrett croons about the inevitability of the currency: “I know you’re going to reign…til everybody knows…your name.” He purrs about the political implications of bitcoin and how it will “deliver us from age old tyranny.” Climb aboard you all, this train is […]

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BitFury Adds Some Bitcoin Heavyweights to Advisory Board

BitFury has announced today that it has brought on two people with long careers to its board of directors, Dr. James Newsome and Hernando de Soto. Newsome is more of a regulatory heavyweight, having previously served under President Bill Clinton as Chairman of the Commodities Futures Trading Commission. He's also held the leading position at the New York Mercantile Exchange (NYMEX). De Soto is currently the president of Institute for Liberty and Democracy, a rather influential thinktank based in Peru. In both cases, BitFury seems to be aiming to add some of that hard-won knowledge one can only find in […]

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Hostile Takeover? A Coup d'é·tat In BitShares Leads To BitShares 2.0

A shadowy figure - either an individual, but most likely numerous individuals - has apparently taken over enough shares in BitShares, the Bitcoin 2.0 technology, to considerably steer the project. So much so, in fact, that, in response, a BitShares 2.0 project has been launched this month.  Inner turmoil has seemingly undermined the expansion of the BitShares project, which has suffered the negative effects of not only a dilution of BitSharesX (BTSX), but also the negative impacts of publicized inner-strife, beginning with the evidence that the original BitShares white paper is no longer online. As natter in Bitcoin and BitShares forums […]

The post Hostile Takeover? A Coup d'é·tat In BitShares Leads To BitShares 2.0 appeared first on CCN: Financial Bitcoin News.

FATCA One Year On: 48% of Americans Abroad Want a President Who Would Repeal It

As America’s highly controversial global tax law reaches its first birthday, almost half of Americans who live overseas would support a presidential candidate who vowed to move to repeal it, reveals a new survey by one of the world’s largest independent financial advisory organizations. In a global poll, deVere Group recently asked more than 370 of its American expatriate clients: Would you vote for a presidential candidate that opposed FATCA (the Foreign Account Tax Compliance Act) and pledged to seek its repeal? 48 per cent said ‘yes’, 29 responded ‘no’, and 23 per cent ‘didn’t know.’ There are a reported […]

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15 Ways To Get Arrested While Using The Internet

Just like in the real world, some Internet activities come with serious consequences, sometimes leading to legal action by authorities. This list presents fifteen ways people have been arrested using the Internet for relatively benign actions. From posting rap lyrics to dancing, after reading this list, you may never interact with the Internet the same way again.

The post 15 Ways To Get Arrested While Using The Internet appeared first on CCN: Financial Bitcoin News.

Cryptogames.io Launches Online 3-reel Slots

A gambling platform Cryptogames has expanded its range of provably fair cryptocurrency games with online 3-reel classic slots. Cryptogames offers an online version of well-known slots machines that are so popular among gamblers. After entering the bet amount to the corresponding field at the bottom of the machine, a user is ready to hit the spin and get an instant result. Auto-spin is also available in the Cryptogames slots, and allows playing the machine as many times as wanted whilst the balance is enough. Every spin is random and independent of all past spins. It means that sequence of symbols […]

The post Cryptogames.io Launches Online 3-reel Slots appeared first on CCN: Financial Bitcoin News.

Trineba Technologies is Enabling a Brighter Future for Private Communications

Properly implementing cryptography in communications technologies is a problem for many developers. Cryptography itself is a study to become an expert on, and learning its ways and means can be like learning a programming language all on its own.

The post Trineba Technologies is Enabling a Brighter Future for Private Communications appeared first on CCN: Financial Bitcoin News.

Bitcoin Price Retesting $240

xbt.social analysis has been biased to a decline below $240 for the past week. Yesterday, Bitcoin price dipped below this important support level twice before retreating again this morning. Following a pullback, it is anticipated that the market will return price to this level - a break below it implying decline to at least $235. Readers are alerted to a new analysis update schedule: starting today, daily Bitcoin price analysis will be published at the start of the day (UTC). Articles will be updated with major market events, during the course of the day, where appropriate. This analysis is provided […]

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Zeushash with New Cloud Mining Contracts

We haven’t written anything about ZeusHash for quite a while, since their partnership with Halley China, a large scale mining operator among the top in China. Well, today they have made an interesting announcement that made us take another look at their new offering as it sounds quite interesting and promising. It is a new cloud mining contract for a limited period that has no maintenance fees and at the end of the contract’s period you get your investment returned to you plus you keep what has been mined. The new cloud mining contract is called VGHS as Batch I VGHS hashrate is being sold for a period of 30 days at a price of $2.999 USD per VGHS. The price per GHS is a bit high for a 30 day period, even with maintenance fees included, but considering that after a month you will get back what you have paid for the hashrate plus what you have mined for that period of time it may not be a bad deal at all.

So what is the catch here? Well, the new VGHS cloud mining contracts from ZeusHash do seem more like an investment plan or a loan that users can give to the company and get the mined coins as an interest (currently it means you get about 3% interest for one month). This way the company has 30 days to operate with the money invested by the users before returning them back. It seems that lately this kind of offers are more beneficial for both users and mining operations as they offer more security and less risk than traditional cloud mining deals. So will this bring ZeusHash back in the game or not, it depends on how they manage to work things out with their new offer, but it does seem like an interesting alternative to other offers already. For the ones that are more interested in the traditional plans for Bitcoin cloud mining, there is a one week promotion starting today with a 10% PRICE CUT for Halley GHS that are still being offered.

– For more information about the new VGHS Cloud Mining Contracts on ZeusHash….

Updated ccMiner 1.6.5-git fork by tpruvot with Numerous Improvements

We have compiled a new up to date Windows binary from the latest ccMiner 1.6.5-git by tpruvot (source). The latest version includes numerous improvements and fixes, including basic support for CUDA 7.0, though apparently it is running slower when compiled with it. There are performance optimizations for the following supported algorithms: qubit, deep, luffa, x11 and quark as compared to the previous version. Our windows binary is compiled with VS2013 and CUDA 6.5 and supports Compute 3.5, 5.0 and 5.2 GPUs. You can download and try it below, there is an example BAT file setup for testing the multiple pool support.

– To download the latest ccMiner version 1.6.5 by tpruvot with various improvements for Windows OS…

Bitcoin Loans Are Still Loans in Kentucky

BTCJam is the peer-to-peer lending platform where, when things are working properly, those in need of extra capital can get funded by those with Bitcoin to spare, and those with Bitcoin to invest can earn a healthy return. When things are working properly, which needs to be stressed. Because although the platform has methods of verifying people's identities and their income, it's very easy for people to walk away from their debts there. Often, when they do so, it is without consequence. Until now. Perhaps the first known case has been settled in a Kentucky courtroom. A man Breathitt County, […]

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Facebook Challenges Bitcoin? Payment Icon Added To Desktop Users

Facebook has continued unveiling its Facebook payments platform, adding the desktop option on Wednesday for many users. CCN reported in March how the social media website had introduced payments on its messenger application, and it seems that today it has rolled out a Facebook chat payment integration for desktop. In March, Facebook announced the introduction of a feature in Messenger enabling users to send and receive money. In order to use this service, you must link a Visa or MasterCard issued by a US Bank. Once a debit card is added, you create a PIN. As CCN has detailed: To […]

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PayPal Limits Voat's Account, Site Now Accepts Donations Only In Bitcoin

Voat™, a media aggregator like Reddit, wants to be the place on the Internet where you can "have your say™". But that might not be possible if PayPal has its way. PayPal informed Voat administrators that their account had been “limited,” and their funds frozen. The site, entirely funded by user donation, is distressed.  The site creator Atif Colo posted in a stickied thread on the forum’s homepage: The reason given was ‘Under the Acceptable Use Policy, PayPal may not be used to send or receive payments for certain sexually oriented materials or services or for items that could be considered […]

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Alien Life Discovered? A Huge Pyramid Rises 3 Miles Above the Surface of the Planet Ceres

The NASA Dawn space probe has been going around Ceres for a few months, in closer and closer orbits, and scientists are nowhere close to understanding some of the features seen in the images sent back to Earth. New puzzling features keep surfacing as higher resolution images are taken and transmitted to the baffled researchers.

The post Alien Life Discovered? A Huge Pyramid Rises 3 Miles Above the Surface of the Planet Ceres appeared first on CCN: Financial Bitcoin News.

Bitcoin Price Dips Below $240

Bitcoin price made a new corrective low today of $239 in the Bitfinex chart although the BTC-China low of 1489 CNY made on the weekend remains intact. Price is currently pushing higher - away from the day's low. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis Time of analysis: 16h58 UTC From the analysis pages of xbt.social, earlier today: Massive orders are building up just below $240, so it is possible that price could bounce […]

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The Mining Pool YAAMP Has Apparently Been Purchased by NiceHash

After having trouble for quite some time, often being offline due to attacks and various other issues and even announcing that it will be shut down permamently it seems that the mining pool Yaamp has found a solution. If you try to open the official website of the pool you will notice a message saying that it has been purchased by NiceHash and the mining has been redirected to the stratum servers of the new owner. There is also a recommendation to switch to the NiceHash mining pools as after 2015-07-31 Yaamp will stop their stratum servers that are currently just redirecting to NiceHash. So if you are still mining at Yaamp you might want to consider moving either directly to NiceHash/WestHash or another mining pool.

Cryptocurrency Processor Vogogo Closes $12.5 Million

Vogogo is a payment processor which is not strictly focused on cryptocurrency, but more on its clients. Its other offerings include know-your-customer and anti-money-laundering services for firms transacting in Bitcoin and in general. The company could represent a real disruption for the industry if it starts to gain traction, moving in on the business of companies like CoinBase and BitGo. Today Vogogo announced that it has closed an oversubscribed 12.5 million dollar funding round which was led by a few traditional financial firms: Salman Partners Inc., Clarus Securities Inc. and Beacon Securities Limited. The new funds will be used to […]

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Flash Vulnerability Gave Chinese Hackers Free Access to Networks

The Chinese hacker group APT3 is known in the security industry for their previous, large-scale attacks. The group's last big campaign, dubbed Operation Clandestine Fox, was a smashing success that relied on something most people visiting this website will find absurd: people using Internet Explorer.

The post Flash Vulnerability Gave Chinese Hackers Free Access to Networks appeared first on CCN: Financial Bitcoin News.

Greece: Creditors Have Not Accepted Our Proposals

CCN.LA reported on Monday about the 11th hour Eurozone emergency summit seeking a deal to prevent Greece from defaulting on her debt and toppling the area into an economic tailspin. But the European Central Bank, the International Monetary Fund and the European Commission, Greece's main creditors, are using the situation to push Greece and her citizens further into an economic corner. Greek Prime Minister Alexis Tsipras said in a tweet, this morning, that some creditors have not accepted the Greece’s proposals of reform-for-aid as he left for emergency talks in Brussels. The insistence of certain institutions of not accepting parametric […]

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Augur Looks To Succeed Where DARPA, The CIA & DoD Failed With An Open Source Prediction Market

Augur strives to bring prediction markets into the future. The tool, which Director of Operations Jeremy Gardner and Core Developer Joey Krug hope to make prediction markets more accurate than ever, comes with great precedent. But Augur believes, with the power of decentralization and open source technologies, theirs' is truly a paradigm shifting project. The decentralized prediction market has been gaining notoriety in recent months, and was even considered a finalist for the biggest breakthrough technology as voted upon by Singularity University at the Exponential Finance Conference for the XCS Challenge at the Exponential Finance Conference. Other finalists in the Breakthrough category […]

The post Augur Looks To Succeed Where DARPA, The CIA & DoD Failed With An Open Source Prediction Market appeared first on CCN: Financial Bitcoin News.

Sending Messages to the Future: Timechain Cryptocurrency Security

Elías Snær Einarsson and Matthew Roberts, two coders who presently focus largely on cryptocurrency, have entered the security business with a splash, presenting a system called Timechain which aims to eliminate one of the biggest problems for exchanges: private keys having to exist in the same place as the funds being exchanged. Disclosure: the author is nothing of a cryptographer. Please make any corrections in the comments. Roberts is the inventor of Uptrenda, a “significantly more practical and secure” altcoin exchange system. Einarsson is the developer of RedArc, a Reddit archiving system written in Javascript. Before anything else, it should […]

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Bitcoin XT Block Size Increase: What is Proposed and How Will it Affect the Bitcoin Price?

From a fundamental analysis perspective the attributes of cryptographically secured value tokens, mathematical consensus and censorship resistance are what gives Bitcoin its value. With a high degree of decentralization, these attributes become more meaningful and Bitcoin more valuable. In the face of centralization they become meaningless and Bitcoin loses its value, both perceived and real. Yet, no matter how valuable, if the network is not highly available or does not function reliably, the utility of Bitcoin diminishes and as usage decreases so does value. xbt.social presents an assessment of the objective conditions surrounding Bitcoin's blocksize and how capacity scaling and […]

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Bitcoin Price Dips Again

Bitcoin price has turned back down and is challenging its bellwether 1-hour 200-period moving average. Below it lies the critical $240 price level - a breach of which will open a potentially profitable declining wave, and hopefully the last downward cycle for the season. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis Time of analysis: 18h05 UTC Bitfinex 15-Minute Chart From the analysis pages of xbt.social, earlier today: Price has broken below with its 1-hour […]

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Second U.S. Agent To Plead Guilty to Bitcoin Theft

The second of two former U.S. government agents charged with stealing hundreds of thousands of dollars in bitcoin has reached a plea agreement with the prosecutors. Carl Force, a former U.S. Drug Enforcement Administration (DEA) agent, was charged with stealing bitcoins during the investigation of the illegal Silk Road Internet drug emporium, according to Bloomberg. The investigation led to the conviction of Ross Ulbricht, the site’s founder. Force agreed to plead guilty to money laundering and extortion, according to a court filing Monday. Force Extorted Payments from Ulbricht Without telling his superiors, Force used the alias “French Maid” to extort […]

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Crytek Moves to Go Full VR, Announces Awesome Virtual Reality Game

Crytek, a German video-game developer known for its highly realistic video-games and its high performance game engine CryEngine, is preparing to push into Virtual Reality (VR) gaming, UploadVR reports.

The post Crytek Moves to Go Full VR, Announces Awesome Virtual Reality Game appeared first on CCN: Financial Bitcoin News.

Rothschild Advises United Kingdom Government to Sell Royal Bank of Scotland

N M Rothschild have been at the heart of advising the UK Government on the RBS (Royal Bank of Scotland) sale. The RBS was rescued by the taxpayer several years ago to the tune of £45.8bn. Now, the shares that the government owns, allegedly on behalf of its people, are being sold off at a £7bn loss to private investors. It has been revealed, not too publicly, however, that the esteemed and noble house of Rothschild have advised the government to sell now and sell cheap. You won’t find the mainstream media reporting on Rothschild involvement in this. “Independent Advice.” […]

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SFARDS SF100 – The first 28nm Dual-Mode Miner is Getting in Mass Production

SFARDS Technology has successfully developed and produced the first FD-SOI 28nm SHA-256 (Bitcoin) and Scrypt (Litecoin) dual-mode mining chip SF3301, as we have previously reported. After more than one month evaluating, prototyping, and extreme-condition pressure testing, the first 28nm dual-mode miner, SFARDS SF100 is about to start mass production.

SF100 dual-mode miner has 24 SF3301 chips that support the following modes:
1. Dual mining mode, Bitcoin hashing power 1700 GHS + Litecoin hashing power 47 MHS, the power consumption at wall of whole miner is 960W.
2. Bitcoin single mining mode: Hashing power 1700 GHS, power consumption 770W.
3. Litecoin single mining mode: Hashing power 47 MHS, power consumption 180W.

With 0.45W/GHS + 3.8W/MHS, the power efficiency of SF100 is showing really good potential. It is also possible to overclock to certain extent (Sha-256: 2 THS, Scrypt: 55 MHS). Based on recent Bitcoin and Litecoin price, a dual-mode SF100’s revenue is similat to that of a to a 2.8-3.2 THS pure Bitcoin miner, which makes it equivalent to 0.3-0.34W/GHS power efficiency when it is dual mining. Taking June 19th price for instance, one SF100 generates 4.2 USD from Bitcoin and 3.8 USD from Litecoin, or a total 8 USD per day (without the costs for electricity deducted).

SFARDS Technology will start selling the SF100 dual-miner to public in July, though there is still no official end-user price announced and the first batch quantity is limited. The SF3301 dual-miner ASIC chips will be available for sale on August to people interested in using them in their own miner designs, again no pricing has been announced yet.

Please Raise the Block Size: Bitcoin Mining Community Poll

The biggest topic in Bitcoin over the last month has been what to do with the size of blocks within the block chain. Mike Hearn and Gavin Andresen have been vocal and influential proponents of a size from 1 MB o 20 MB blocks to ease the growth of Bitcoin as a global currency. At this current 1 MB rate, they say the network will enter a logjam situation within the next year, and this is the preventative maintenance needed that would help the situation both in the short-term and the long-term. I spoke to Marco Streng, CEO of Genesis […]

The post Please Raise the Block Size: Bitcoin Mining Community Poll appeared first on CCN: Financial Bitcoin News.

Bitcoin Price Analysis: Between Trends

Bitcoin price has been holding above the 1-hour 200MA in some charts, and crisscrossing it in others. Common to all exchange charts is the support zone around $240 and 1500CNY. The market may trade price into advance or it may choose the low road. We look for the critical levels to trade from. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis Time of analysis: 17h00 UTC Bitstamp 1-Hour Chart From the analysis pages of xbt.social, […]

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Greece Credit Default Averted - For Now

This morning's Global Economic Outlook report focused on the emergency Euro Summit that was to hammer out a deal to avert Greece defaulting on her debts. Crisis has been averted and additional time for drafting a deal was brokered between Greece and her creditors, reports Reuters. Eurozone finance ministers accepted a cash-for-reform deal from Greece today but insist on a detailed study, that will take days, to determine whether or not the reforms can lead to an agreement and avert default. Pay Up, Get Down The ministers will reconvene later this week, to give Greece time to negotiate with its […]

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Bitcoin Spending Platform Safello Deal With Barclays to use Block Chain in Fintech

Safello, a bitcoin spending platform based in Stockholm, Sweden, has signed a proof of concept (PoC) with Barclays to explore how the financial services sector can harness block chain technologies. The agreement marks one of the highlights of the Barclays Accelerator Demo Day in London. It also marks first PoC that a U.K. high street bank has announced with a bitcoin company. Safello has already enrolled more than 20,000 users in Europe. Safello is among 10 businesses that showcased their innovative Fintech propositions at a Demo Day in London, as the second cohort of the Barclays Accelerator concludes. The Barclays Accelerator, […]

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Bitcoin Poker Site Operator To Face Nevada Judge Thursday

Bryan Micon, who left the country after federal agents raided his home for running an unlicensed gaming operation that accepted bitcoin, is expected back in Nevada for a court appearance on Thursday, according to The Las Vegas Review Journal. Micon operated a site called Seals with Clubs, which accepted bitcoin. Micon fled to Antigua after the February raid. An arrest warrant was issued in April. Earlier this week, a judge recalled the warrant, allowing Micon to travel, and set a hearing for Thursday, according to court records. Micon’s lawyer, David Chesnoff, said he expects Micon to be in court for […]

The post Bitcoin Poker Site Operator To Face Nevada Judge Thursday appeared first on CCN: Financial Bitcoin News.

Is Somebody Stress Testing the Bitcoin Network

At the moment it seems as if somebody is deliberately stress testing the Bitoin network by sending more and more transactions, so the queue of unconfirmed transactions is currently at over 6000 and continue to increase. With so many unconfirmed transactions waiting to be included in a block this brings the debate around the current limit of 1 MB block size and if this limit should be increased. It could be like somebody is intentionally testing how will the network handle the extra load in its current state causing the presence of so many unconfirmed transactions waiting in the queue. Or maybe, though not very likely, the Bitcoin network is currently overwhelmed with too many real users moving Bitcoins around causing a big queue and having people wait more for their transactions to be confirmed.

– To check the number of currently waiting unconfirmed transactions on the BlockChain…

Bitcoin Rocks 12th Annual PorcFest Festival This Week

School is out, and the 12th annual PorcFest Freedom Festival in Lancaster, New Hampshire begun on Sunday. Started in 2004 as part of the Free State Project, hundreds of merchants, teachers and businesses come together every year to meet people from all over the state and the world to showcase some of New Hampshire’s finest people and offerings. Over the last few years, Bitcoin has become a major part of New Hampshire economics and culture, and there are many interesting events centered around the digital currency. Bitcoin and PorcFest. Perfect together. New Hampshire has long been one of the hottest […]

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Kim Dotcom Advices People to Buy Gold and Bitcoin

In a recent tweet about a high possibility of Greece’s bankruptcy leading to a market crash Kim Dotcom advices people to invest in Gold and Bitcoin in order to stay safe. It is up to you to listen or not to that advice, but we think that it may not be wise to ignore it completely. Kim Dotcom has been promoting the use of crypto currencies such as Bitcoin for some time now and it is highly possible that he also has plans for integrating crypto currency support in high projects such as the MEGA file upload service and. With that said he is also a controversial figure, but the situation in Greece is not looking good and they may as well be headed for bankruptcy and if it happens it will influence not only the European markets…

Eobot Bitcoin Mining Company Pulls out of New York State over BitLicense

Eobot, a cryptocurrency cloud mining company, will not serve customers in New York State as of July 1, 2015, on account of the recently finalized New York State BitLicense requirements. “If you are residing in and/or accessing Eobot within the State of New York, U.S., please withdraw all coins and cease all mining with Eobot as of July 1, 2015, as we are ceasing all Eobot mining connections from within New York at that time,” the company announced on its website. We regret that we must cease Eobot business within New York State, however the new BitLicense requirements in this […]

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Global Economic Outlook: Greece At The Precipice

An emergency Euro Summit, today attempts an 11th hour deal to prevent Greece from defaulting on its debts. Shanghai Composite Index makes a record drop, and world markets try to deal with it all in the face of a looming liquidity crisis. In the Calendar This Week China's Shanghai Composite Index Plummets China has a bank holiday today. The traditional Dragon Boat Festival commemorates the life and work of famous Chinese scholar, Qu Yuan. Last week saw a record decline in the Shanghai Composite Index although the chart implies China's attempt at blowing an epic stock market bubble is far […]

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Bitcoin Price Returns To Challenge Support

Bitcoin price is drawing sideways above $240. This is the level of the 1-hour chart's 200-period moving average as well as an annual price pivot - a level of support and resistance derived from 2014. Repeated attempts on this level implies that the market wants to trade price into decline. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis Time of analysis: 18h23 UTC Bitfinex 1-Hour Chart From the analysis pages of xbt.social, earlier today: As […]

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Bitcoin Trading Platform OKCoin is Down

The bitcoin trading platform OKCoin is currently down and has been for more than 12 hours according to a reddit user. When visiting OKCoin.com you will receive a Cloudflare error as seen below: There has been reports claiming that the servers OKCoin uses are undergoing Emergency Maintenance. Let's hope the maintenance is over soon so OKCoin's clients can access their funds again. Also read: Roger Ver & OKCoin in Dramatic & Public Contract Dispute  

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Bitcoin Block Size Conflict Ends With Latest Update

An issue that has been the source for months of debate and rancor throughout the Bitcoin mining and developer community over Bitcoin's block size appears to have reached a long-awaited resolution. Within the most recent BitcoinXT update, Gavin Andresen has begun the process of revising the block chain individual block size from 1 MB to 8 MB starting next year. This is deemed necessary for the overall growth and usability of Bitcoin, as the current limits of seven transactions per second are becoming insufficient for the growing global community as consumer and business interest increases. These impending updates were revealed […]

The post Bitcoin Block Size Conflict Ends With Latest Update appeared first on CryptoCoinsNews.

DEA Seizes Innocent College Student's Money in Policing for Money

In February 2014, the DEA seized $11,000 from Charles Clarke, a college student, who was never convicted of any crime. The DEA seized Clarke's money using a process known as civil forfeiture, and he still hasn't gotten any of the money back. While noticeably egregious, The Institute For Justice demonstrates that Clarke's case doesn't scratch the surface of what's being called "policing for profit". Civil Forfeiture Civil forfeiture is a procedure that allows law enforcement agencies in the United States to seize property without convicting a person of a crime. The government doesn't even need to charge a person with […]

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BitLicense Driving Away Small Bitcoin Businesses from NY

It seems that New York’s BitLicense regulations that recently have been finalized are already “encouraging” smaller Bitcoin businesses to either move away or stop working with users from new York. Just a few days ago we’ve had an announcement that the BTC Guild pool is closing down on June 30th citing the BitLicense regulations as one of the reasons for that decision. It seems however that the Bitcoin mining pool is not the only Bitcoin business that is taking into account these regulations as the Eobot Cloud Mining Service has also apparently taken the regulations seriously and has announced that it will stop working with users from the State of New York. Below is a quote of the official announcement:

Eobot will cease operations in the State of New York as of July 1, 2015.

To All Customers: If you are residing in and/or accessing Eobot within the State of New York, US, please withdraw all coins and cease all mining with Eobot as of July 1, 2015, as we are ceasing all Eobot mining connections from within New York at that time.

We regret that we must cease Eobot business within New York State, however the new BitLicense requirements in this state place compliance and cost burdens upon Eobot that we believe are excessive.

The Eobot Bitcoin Cloud Mining Service has been available for quite some time, probably among the oldest ones that are still operating. However we have not used it as some of its offers are not among the most profitable ones and have always seemed bit strange to us, but apparently it has large user base according to their statistics (over 224 thousand users). The service also has some sort of a downloadable miner, along with minerd and cgminer, but if you already have some mining hardware there are probably better and more profitable ways to utilize it. Still the service might be worth checking out, so we are going to.

Back on the BitLicense regulations, it seems that instead of helping Bitcoin-related businesses they will end up causing trouble for some smaller businesses that can prefer to stop operating in NY. Another, even worse outcome, could be for smaller businesses to go “in the dark” in order to avoid complying with the required regulations and continue to operate in NY without complying with the BitLicense. It will be interesting to see what will be the reaction of larger Bitcoin businesses to the BitLicense regulations, but we expect that some of these will also decide to stop operating in the State of New York…

Bitcoin Price Bounces From Support

Bitcoin price declined to $240 (Bitfinex) and 1500 CNY (BTC-China) where it found support at its reliable 200-period moving average. A bounce higher is underway and analysis looks for its target and outcome. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis Time of analysis: 05h00 UTC Bitfinex 1-Hour Chart From the analysis pages of xbt.social, written 05h00 UTC, prior to the current advancing wave: In the 1-hour Bitstamp chart, above, price has declined to the […]

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Bitcoin Could Change The Derivatives Market, Says UBS Banker

Bitcoin could change derivatives, in particular settlement, trading and securities issuance according to some individuals, among whom are bankers and technologists. Alex Batlin, who has been a vocal supporter of banks adopting Bitcoin related technologies, told attendees of the IDX Derivatives Expo in London that blockchain technologies will change banking.  “Blockchain technologies can make banks more efficient – for example through instantaneous settlement rather than the days it takes at present, lower costs and lower operational risk,” according to Alex Batlin, chief technology officer for innovation at UBS. The simple lesson for banks is that if we don’t do it […]

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6 Ways to Fund Your New Bitcoin Business or App

25 years ago, the Internet was just a gleam in some techies eyes, as a new age of technology was dawning. Many readers of this article will not remember an age before Facebook, Yahoo and Google, but yes, the Internet did exist without them. There was a time when there were no search engines, social networks, or even ESPN. Maybe you see the next 25 years being the Era of Bitcoin and its digital technology, taking the baton from the Internet and going to the next level? The only problem is you need some funding for your Bitcoin innovation to […]

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Grexit: Markets will respond "Not with a Bang but a Whimper"

Greece is on the verge of leaving the Euro. Whilst Eurozone capital markets are likely to deliver an initially muted response, we will see a long-term re-valuation of the price of peripheral Eurozone bonds and stock markets as investors price in the risk that other countries may, in time, follow Greece. The comments from Tom Elliott, International Investment Strategist at deVere Group, one of the world’s largest independent financial advisory organizations, come as the Greek debt crisis is reaching a climax following Thursday’s failed crunch talks with the Eurogroup finance ministers. It is becoming increasingly clear that the Greek saga […]

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Bitcoin Price Slipping From Highs

Bitcoin price has lost most of the volatility that got it to this altitude, and trade is now cooling down into a slight decline. Today, price lost the $250 level and may need to correct still lower in order to resolve the recent surge. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis Time of analysis: 15h11 UTC Bitfinex 15-Minute Chart Also Read:Why The Preference For BTC-China Charts In Analysis? From the analysis pages of xbt.social, […]

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Bitcoin, the Brat Pack and blackness: director Rick Famuyiwa talks about ‘Dope’

Director Rick Famuyiwa is responsible for “The Wood,” “Brown Sugar,” and is currently helming the HBO movie “Confirmation,” starring Kerry Washington as Anita Hill. His new film, “Dope,” a coming-of-age movie set in a modern-day Inglewood, Calif., is now in theaters.

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Super-private social network launched to take on Facebook with support of Anonymous

A new social network, backed by Anonymous, hopes to take on Facebook and the other social media giants with a commitment to privacy, security and transparency about how posts are promoted.

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The Bitcoin Startup that Helps Muslims Get Loans Without Breaking Islamic Law

Matthew J. Martin is a 30-year-old who grow up in Earlville, New York as the son of a teacher and a skilled blue collar worker. He now lives in San Francisco, where he is building a business around using Bitcoin to allow Muslims around the world to participate in finance without breaking Islamic law.

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Bitcoin could shift balance of power in Greece

As Greece stumbles toward capital controls, bitcoin is once again proving its disruptive power within the global financial system.

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Jon Matonis Believes Increased Bitcoin Block Size Will Lead to Increased Mining Reward

Everyone is entitled to their opinion, but sometimes people say things that just don't make sense. Jon Matonis had such a moment this morning on Twitter. Here he goes, before much more is written here: This might be how we know that the block size debate is getting out of control when people have the opportunity to make such presumptuous statements as that. At no time has any prominent proponent of increasing the block size spoken of increasing the block reward or removing the 21 million coin limit. Bitcoin Core development is not a central bank, and, as at least […]

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Canadian Senate Officially Takes a Pro-Bitcoin Stance

The Canadian Senate has officially taken a pro-Bitcoin stance with regards to future national regulations of Bitcoin and other digital currencies. The official Canadian Senate report titled "Digital Currency: You Can’t Flip This Coin! Report of the Standing Senate Committee on Banking, Trade and Commerce" explains how the government body views digital currency, and how it will be regulated, or not, going forward. Canada Will Allow Bitcoin to Develop The Canadian Senate has spent the better part of the last year reviewing the role of digital currencies will have on the future of economics in the nation. Learning how the […]

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Podcast Episode 9: Marijuana and Bitcoin

This episode is all about where marijuana and cannabis intersect. We spoke to a co-op in California which is only accepting cryptocurrencies, Golden Gates Greenest, and to the developers of two marijuana-related coins, MaryJaneCoin and Potcoin. ** Correction: in the episode I say potcoin.org, but it is actually potcoin.com. Potcoin.org is another thing. This episode also features the new crypto reggae song, "The Crypto Song," by John Barrett. The CCN podcast is released every Friday. If you'd like to come on the show and talk about your cryptocurrency project, contact paul.madore@cryptocoinsnews.com. For other feedback, do the same or leave it […]

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Croatia Arrests Citizen of Bitcoin-Friendly Liberland

CCN has learned that tensions between Liberland's neighboring countries and the Liberland Settlement Association are growing. Earlier in the day on Thursday, a member of the LSA was arrested by Croatian authorities inside of Liberland's borders. According to the LSA, this is a violation of the Danube and Geneva Conventions. The man, Ulrik Grøssel Haagensen, had just arrived in Liberland after a long journey, according to the LSA. Also read: President of Bitcoin-Supporting State Liberland Heading Out on Diplomatic Mission The motives of Croatian police are unclear, but nearby citizens of Liberland immediately began to lobby them for his release. […]

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Bitcoin Wallet Provider Case Raises $1.5 Million To Expand Its Secure Signing Device

Case, the Rochester, N.Y.-based innovator in block chain technology, has secured $ 1.5 million in seed funding led by Future\Perfect Ventures, along with RRE Ventures and the Rochester Institute of Technology Fund, among others. The funding round follows the launch of Case’s credit card-sized hardware bitcoin wallet last month at TechCrunch Disrupt NY 2015 at Manhattan Center in New York, N.Y. The secure, easy-to-use device leverages multi-signature, multi-factor security with visual validation and global GSM connectivity. “The recent announcement that the NASDAQ is piloting block chain technologies for different use cases underscores the promise of the technology and Case is […]

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Bitcoin Price Advance Holding For Now

Bitcoin price has corrected the past week's spectacular advance in five waves to the downside. The decline may be over or it may still reach lower in the days ahead. Let's see what clues there are in the chart. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis Time of analysis: 14h45 UTC Bitstamp 15-Minute Chart From the analysis pages of xbt.social, earlier today: The 15-minute chart, above, shows a close up of price action during […]

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Specifications of the New AMD Radeon 300 Series GPUs

Here are the official specifications of the new AMD Radeon 300 Series GPUs that should start appearing on the market any moment now, as expected they are essentially re-branded 200 Series GPUs. The more disappointing thing however is that specification wise and even price wise they are the same as their 200 Series counterparts, aside from a bit higher clocks maybe and possibly a bit lower power usage achieved with some optimizations of the manufacturing process. The new 300 Series GPUs come with the same amount of Stream Processors, the same number of TMUs and ROPs, even with the same memory bus width… so essentially we are getting pretty much the same thing, but with a new name and as a new product. So the AMD Radeon R9 390X is essentially an 8 GB version of AMD Radeon R9 290X, the AMD Radeon R9 390 is AMD Radeon R9 290 with 8GB VRAM, the AMD Radeon R9 380 is essentially an AMD Radeon R9 285, the AMD Radeon R7 370 is AMD Radeon R7 265 and the AMD Radeon R7 360 is essentially an AMD Radeon R7 260. Disappointing? Well we are, because we expected to actually see some more improvements that could actually lead to increase in performance, other than what you can do by overclocking the older GPUs yourself. So do not expect to get much different hashrate from these “new” AMD Radeon 300 Series GPUs for crypto mining…

Then comes the AMD Radeon R9 Fury X, based on the new Fiji GPU with HBM Technology – the only actually new GPU coming from AMD this time. With it we are getting a new smaller, but powerful video card with 4096 Stream Processors and efficient and silent water cooling. What we expect from this new GPU from AMD is to offer crypto currency mining performance that is very close to that of the recently introduced Nvidia GeForce GTX 980 Ti, and the price also seems to be the same. However the integrated water cooling of the AMD Fury X cards that is more silent and more effective than traditional air cooling solutions is making it the ore attractive choice for GPU mining needs. Of course we need to see how the new GPU will actually perform, but as we’ve already said our expectations are for very similar performance to that of the GTX 980 Ti. So if you are looking for new high-end GPUs from AMD to use for building GPU-based crypto currency mining rigs, than the Fury X could be a good choice, unlike the “new” 300 Series that are actually nothing new.

Bitcoin Dictators Inflate Block Size Debate

The motion in Bitcoin's Ocean - size does matter. Ex-Bitcoin Foundation developer Gavin Andresen and Bitcoinj Author Mike Hearn, think Bitcoin needs a benevolent dictator to affect change. Maybe they need a reminder that Bitcoin's purpose is to replace monetary dictators with Computer Science. Dictators, no matter how benevolent, are the ultimate act of centralization. Nobody Puts Bitcoin in the Corner The block size debate is a Computer Science and Economics debate. Its resolution should be subject to market forces. In this instance, those "Market Forces' are us. Which leads to the question - If the ultimate outcome for Bitcoin […]

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Xotika.tv: Live Adult Entertainment for Bitcoiners

Adult entertainment has pushed forward a number of technologies, and video technology is no exception. Someone looking for a relaxing atmosphere to admire the female form has a lot of options these days, but studies have shown that many of the free options are also full of malware. In any case, those options don’t necessarily […]

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Secret Service Agent Bridges Pleading Guilty in Silk Road Bitcoin Theft

Following the conclusion of the trial of Ross Ulbricht, the government revealed what the Ulbricht’s defense had already known (but was barred from discussing during the trial), that two of the US government agents who gathered much of the evidence that convicted Ulbricht, the Secret Service’s Shaun Bridges and the DEA’s Carl Mark Force IV, […]

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BREAKING: Polish Banks Clamp Down On Cryptocurrency Exchanges

Banks in Poland are making life difficult for cryptocurrency users by requiring online payment providers to stop doing business with cryptocurrency exchanges. The banks claim they are doing this to prevent fraudulent bitcoin transactions. The Polish bitcoin forum bitcoinet.pl announced that as of Monday, express bitcoin payments are no longer available on cryptocurrency exchanges Cryptocoin.com, […]

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Ripple Labs Member Elected to Federal Reserve Team

Ryan Zagone, whose title is Head of Research for the Business Development Team at Ripple Labs, was recently elected to work to work on a team within the Federal Reserve. The team is called the “Faster Payments Task Force Steering Committee,” and Zagone’s election is part of an ongoing effort on the part of the […]

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Bitcoin Price Advances to Altitude at $260

A spectacular Bitcoin price surge has advanced to near $260 (Bitfinex) and 1638 CNY (BTC-China). The parabolic advance has left the market wondering about the next move and at the time of writing a bout of profit-taking has set in. The wave seems to be topping out in a familiar ending diagonal, whereby successive smaller […]

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Updated Windows Binary of the ccMiner 1.5.53-git Fork by SP for Maxwell

Another update in the form of a Windows binary compiled from the latest Git source code of ccMiner 1.5.53-git SP-MOD fork of the Nvidia GPU miner optimized for the latest Maxwell-based video cards by SP (source). The latest update includes performance improvements in X11 as well as some more Quark optimizations for even better hashrate. The SP-MOD fork of ccMiner is designed for Nvidia Maxwell GPUs such as the already available GTX 750, 750 Ti as well as the newer GTX 960, GTX 970, GTX 980 and GTX 980 Ti and GTX Titan X. The Windows binary release we have made available here is with support for Compute 5.0 and Compute 5.2 GPUs or with other words only for Maxwell-based cards compiled with CUDA 6.5 and VS2013.

– To download the latest ccMiner for Maxwell version 1.5.53-git by SP for Windows OS…

Bitcoin Rising: Will it Take More than Movies and Crises?

It is commonly said that the Cypriot financial crisis of 2013, in which the Central Bank literally emptied the bank accounts of everyday people, is responsible for the first serious rise in the price of Bitcoin. In response to the forced closure of one of the Cypriot banks and the emptying of thousands of bank […]

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JoyStream Combines P2P File Sharing and Bitcoin

The video above shows a proof of concept demonstration of the soon to be released JoyStream BitTorrent client, a interesting approach for combining P2P file sharing using Torrent files with Bitcoin payments for both people sharing files and people downloading files. And while it all seems promising, the concept still needs to be be packaged in a complete ecosystem where the needed content will be provided and paid for by users needing it. So far it all seems like a good and apparently working implementation on the software side for the actual P2P file sharing and Bitcoin integration in the process. Still the project is worth keeping an eye on as it soon promises to have an alpha release to be tested on the BitCoin testnet and you can sing up for an early access if you are interested.

– Visit the official website of the JoyStream project for additional information about the concept…

Bitcoin and Litecoin Prices Going Up

After quite some time with pretty stable, but low prices the exchange rate of BTC and LTC seems to be climbing up to more attractive levels for both miners and traders. Bitcoin has stabilized at the $250 USD level and Litecoin has reached the $3 USD level, but aside from the question what has caused the resent spikes in price there is another important question – will the prices get back to their previous levels, stabilize at their new levels or continue to rise. This is actually the hard part to predict, but the good thing is that there is finally some action going on on the market and better prices can also help the bit stagnant home mining segment… that is if they keep at a high level or continue to rise. This is especially important for small scale mining operations that are having hard time remaining profitable and with a ROI time in foreseeable future. So let us see what is going to happen in the following few days…

Will Bytecoin Eventually be the Peferred Currency for DarkNet? – An Interview with Harry Ullman of Bytecoin

Note: the following interview was conducted with Bytecoin developer Harry Ullman via e-mail, as a recorded audio interview was beyond the privacy considerations of the Bytecoin development team. The author does not currently possess any Bytecoin. When did you discover Bitcoin? Unfortunately, I can’t tell you that I’m one of the first people who discovered […]

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Will The Block Chain Revolutionize OTC Securities Trading?

Can the block chain revolutionize over-the-counter (OTC) securities trading? A team of Toronto-based entrepreneurs thinks it can, and they are developing a decentralized securities processing platform. Their platform, Equibit, will allow investors and securities issuers to do business without any third parties. If successful, this peer-to-peer electronic equity system will revolutionize securities trading. Equibit is […]

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BitCasino.io: Win Juciy Bitcoin Prizes Exclusively for CCN Readers

BitCasino.io holds a number-matching lottery with juicy BTC prizes exclusively for CryptoCoinsNews.com readers! All you need to do to be eligible to participate in it and win ultimately is just try to correctly guess five numbers from 1 to 36 in the Lucky 5 ball lottery, post these numbers in the comments below, and provide […]

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