Friday, July 31, 2015

Bitcoin Exchange Operator Mark Karpeles to Be Arrested

Japanese authorities will be arresting Mark Karpeles, former CEO of Mt. Gox, at one time the largest Bitcoin exchange in the world. Investigators claim that Karpeles played the system for years, skimming bitcoins while the exchange was actually in debt. It is now commonly believed that the exchange may have been broke since as early as 2011, but always managed to appear as if things were being done properly. The Japanese government is charging Karpeles with cooking the books, using fake accounts to fill orders, fraudulently skimming funds in the process. Following the independent report from earlier this year which […]

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Former Reddit Cryptocurrency Engineer Hosts Hackathon For Reddit Alternative "Decentralize All The Things"

When fired from Reddit, the world’s first cryptocurrency engineer at a large corporation, Ryan Charles, hadn’t seen it coming.

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Bitcoin Company Creates Video to Help Backpage Users (Video)

Paxful was chosen by Backpage.com to provide users with bitcoins when the company was shut down by Visa and Mastercard. Now that Paxful is up and running, they've had their hands full teaching many people the basics of Bitcoin in the process of selling it to them, so they can place their ads on Backpage.com. Now the company has made a video to ease the process for Backpage.com users. Also read: Chicago Sheriff Barred From Tampering With Backpage Funding In plain language, the process of buying bitcoins and spending them at Backpage.com is explained. The video aims to take some […]

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Illegal Marketplace and Cybercrime Forum Darkode Is Back Online

Darkode, the hacker forum and illegal online malware marketplace, is back online after law enforcement agencies shut it down a few weeks ago.

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Some Believe Shemitah Foretells a Bitcoin Price Increase This Fall

2015 is a Shemitah year leading many analysts to claim the remainder of the year could hold great volatility in the political and economic arenas. Shemitah predictions entail major implications for the future Bitcoin price, with some claiming $2 million Bitcoin due to the dislocations.  In a recent video, “SHEMITAH EXPOSED: Financial Crisis Planned For September 2015” (see video below), Dollar Vigilante Editor-in-Chief Jeff Berwick predicts major dislocations as early as this fall. These, according to the founder of Canadian financial website Stockhouse, could have major implications for the Bitcoin price. The video has more than 300,000 views on YouTube, […]

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Gavin Andresen's Worst of All Possible Worlds

In a recent e-mail to the Bitcoin core development mailing list, Gavin Andresen described the "worst of all possible worlds" for Bitcoin as being "no plan for how to scale up." Andresen appears to believe still that scaling is Bitcoin's only obstacle at the moment, regardless of how that must be achieved. If a fork to Bitcoin-XT is required, it seems that Andresen and others are willing to go along with that. Scaling seems to be on the minds of many core developers. Developers aside from Andresen, however, don't feel that the problem is as urgent as it's made to […]

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US Government Awards $3 Million to Research Cryptocurrencies

The outline for the grant is overly specific, aimed at candidates who will be able to help define a "rigorous scientific foundation" for cryptocurrency. Six researchers from three universities will be claiming it. Cornell, University of Maryland, and UC Berkeley all have researchers involved. The researchers will reportedly focus on smart contracts. The National Science Foundation has made other awards focusing on cryptocurrency in the past. One such project was called "Addressing the challenges of cryptocurrencies: Security, anonymity, stability." The government awarded $500,000 for that project. Now the researchers will be working with a combined total of $3 million. The […]

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Thursday, July 30, 2015

BREAKING: An 8,000-acre Wildfire Threatens So-Called World's First Bitcoin Town In Block Chain Valley

An 8,000-acre wildfire, dubbed the ‘Rock fire’, threatens the so-called Block Chain Valley, according to lone resident Morgan Rockwell. Having started at approximately 4:10pm on Wednesday, the fire has already destroyed several outbuildings. The local newspaper, Lake County News, has been experiencing a denial of service attack for hours amid the fire. In Upper Lake, Block Chain Valley is not under an evacuation order as of this writing. Block Chain Valley, according to Rockwell, has numerous initiatives underway, including attempts to bring Tesla into Bitcoin. Though his vision grand, Rockwell’s previous initiatives failed to come to fruition. Some of his […]

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Visa Cautious on the Bitcoin Block Chain

According to a recent article, Visa is aiming to maintain its dominance one way or another. Collab, an arm of Visa Europe, is investigating Bitcoin-oriented companies that could disrupt their business model ultimately. Visa is not against ultimately updating its methods to remain competitive if other technologies such as Bitcoin come along and accomplish the same task, only cheaper. Visa told the International Business Times: Take something outside of that – who is going to regulate it, authenticate it? If we skip a heartbeat of settlement here – can you imagine us saying: 'We can't settle the Lloyds cards today'; […]

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How a Pair of Progressive Delis Became Metro Detroit’s Bitcoin Boosters

A pair of metro Detroit delis have taken on a leadership role in promoting bitcoin. Bronx Delis in Pontiac and Farmington Hills, Mich. have served as gathering spots for local bitcoin enthusiasts. While restaurant patrons enjoy food and beverages as they discuss bitcoin, they can pay for their meals with bitcoin using smartphones and a QR code. And if they want to add to their bitcoin wallets, they can buy bitcoin from a recently installed bitcoin ATM at the Farmington Hills restaurant, which reportedly is the first bitcoin ATM in the “Motor City.” Tapping A New Market Owner Marc Zuccato […]

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Bitcoin Price Slumps On Rates Delay

In an important moment for global markets, and the bitcoin price chart, the Federal Open Market Committee steered clear of committing to a date for their first interest rate hike since the Fed adopted ZIRP several years ago. The Fed's cautious stance calmed market nerves and Bitcoin price slumped in response. 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: 07h31 UTC Bitstamp 1-Hour Chart From the analysis pages of xbt.social, earlier today: […]

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Wednesday, July 29, 2015

Leading Global Bitcoin Adoption, HashingSpace Corporation Uplifts to the OTCQB

Bitcoin Press Release: US Based HashingSpace Corporation Announced it has been uplifted to a higher reporting status on the OTC Market. HashingSpace will now be listed as OTCQB: HSHS. HashingSpace provides scalable datacenter and technology infrastructure for the global adoption of Bitcoin including Bitcoin ATMs and hosted ASIC mining. WENATCHEE, WA / July 29, 2015 / HashingSpace Corporation (OTCQB: HSHS), a company focused on the global adoption of Bitcoin, announced today that it has officially been uplifted to a higher reporting status. HashingSpace will no longer be listed on the Pink Sheets and has been moved to OTCQB status. HashingSpace […]

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U.S. Presidential Debate Reform Group Uses Bitcoin To Give Voice To Independent Candidates

FairDebates.com, a project dedicated to changing the U.S. Presidential debates, is now accepting bitcoin as an option for contributing to the organization’s efforts to force the Commission on Presidential Debates to include independent candidates. FairDebates.com has launched a petition and is allowing supporters to contribute using bitcoin. “With thousands of liberty-minded supporters, Fair Debates is a natural fit with bitcoin,” said Ron Nielson, FairDebates.com senior advisor. “Over the past several months, increasing numbers of those supporters have expressed interest in contributing via bitcoin, and we are pleased to now offer that as an option.” FairDebates.com has added a bitcoin payment […]

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Bitnet Partners With Payments Provider Zooz

Zooz is a traditional payment rail provider that wants to add Bitcoin to its offerings for customers. Making partnerships with companies like Zooz has been Bitnet's specialty so far. Previously the company has partnered with Cardinal Commerce, Limontek, and even enabled Bitcoin shopping for Rakuten, one of the largest online department stores in the world. Zooz bills itself as a company that provides innovative solutions to help customers maximize performance. Zooz and Bitnet today announced a partnership. Zooz's customers will be able to accept Bitcoin easily, almost with the press of a button. Like other payment providers, Bitnet hedges against […]

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BREAKING: Activists in Portland are Bridge Blocking Shell's Arctic-bound Icebreaker

Activists in Portland are now bridge blocking an icebreaker from Shell that is heading to the Arctic region by rappelling down underneath the bridge. Greenpeace has started a petition to stop Shell from drilling for oil in the Arctic the next coming days. More than 380 000 people have signed it, calling Obama to stop Shell's expansive Arctic plans.

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Microsoft, MIT, and the Bitcoin Block Chain For Social Good (VIDEO)

Brian Forde from the MIT Media Lab believes that the block chain and related technologies may serve to remind the government that they need to become more transparent and open. Forde's Digital Currency Initiative is specifically looking into ways that the block chain can be a force for social good. According to him, the block chain can be used to distribute social welfare. Forde thinks that some of the best innovations will come from the developing world, as their banking infrastructure is not as strong, and they can come up with stronger, more creative uses of the technology. It turned […]

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Op-Ed: Is Mike Tyson's Bitcoin ATM Fictional?

Recent reports in the mainstream technology press are worried that Mike Tyson's Bitcoin ATM may never come to exist. They base their fears on what they cite to be the backgrounds of some of the people apparently involved in the project. While their fears could be true in theory, we have to ask ourselves why the companies in question would bother with a big name like Mike Tyson if they were just trying to scam people. It would seem less than worth their time to hire Tyson to help them promote the Bitcoin ATM. Also read: Mike Tyson Enters The […]

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Bitcoin Trading Recoils From $300

Bitcoin trading attempted a push to $300, yesterday, but failed short of the target. Bitcoin price is currently declining along with its descending 1-hour 20-period moving average and the support floor may comfort traders after the scary experience. 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: 08h24 UTC Bitfinex 1-Hour Chart From the analysis pages of xbt.social, earlier today: A lot of pushing and pulling in yesterday's choppy price action just below […]

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Tuesday, July 28, 2015

Homeland Security Using Trezor Hardware Bitcoin Wallets?

According to a recent account by a member of the BitcoinTalk community, it appears that certain members of the Federal government have a much deeper understanding of Bitcoin than previously thought. The poster says that during a raid, the government knew to seize unused Trezor wallets and transfer seized bitcoins to their own bitcoin wallets. Hardware wallets, when used correctly, are a highly recommended way to store bitcoins. Understanding how to keep bitcoins secure is a fundamental problem that any new user will face. To quote the poster directly: When "homeland security" raided our house they took several Trezors still […]

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China Stock Market Resumes Crash

China's Shanghai Composite Index crashed through support on Monday and resumed decline as investors could not sell Chinese company stocks fast enough. Deja Vu CNBC eloquently reports that, following three weeks of relative stability in mainland markets, Monday saw the Shanghai Composite Index resume decline in its worst one-day drop in eight years. Readers will know that "eight years" marks the first round of sell-offs heading into the 2008 "Credit Crunch". Significantly, the index sliced through the psychological 4000 support level without pause as paniced investors rushed for the exit. Market Psychology CCN.LA partner xbt.social presented analysis in early July […]

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Bitcoin Price: FOMC And US Rates Increase

Yesterday's Bitcoin price move had pulled down to a local support floor near $286 (Bitstamp) and immediately began building a base for another wave of advance. With the prospect of an FOMC statement confirming US rates increases, tomorrow, the price chart should show a strong upside reaction between now and Wednesday evening. 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: 05h06 UTC Bitstamp 15-Minute Chart From the analysis pages of xbt.social, earlier […]

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Here's Where To Find Everything You Need To Know About The Bitcoin ATM Industry

Coin ATM Radar is the premier online destination for information on the nascent Bitcoin ATM industry. This industry, which has experienced serious growth since its earliest incipience, offers some of the most luxury-oriented products in the Bitcoin ATM industry, and stands out on its own as one of the few hardware oriented Bitcoin related products alongside miners.  The administrator for Coin ATM Radar, who prefers to go only by Vlad, has spent much of the last couple years designing and building the features for Coin ATM Radar. It is the go-to place for the Bitcoin ATM industry. Vlad became interested […]

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Elon Musk, Steve Wozniak, & Stephen Hawking: No AI Warfare

Around 1,000 people involved in the robotics industry have signed a letter urging a ban on artificial intelligence arms. An arms race could unfold where the winner is the one who makes the best robot killer. According to some of the brightest minds in the industry, including Elon Musk, Steve Wozniak, and Stephen Hawking, feel that AI technology applied to warfare can be a "threat" to humanity.

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Monday, July 27, 2015

Serious Android Exploit "Stagefright" Threatens 95% of all Android Phones

An exploit has been discovered that threatens over 95% of Android phones in existence. Unpatched phones can be attacked simply by sending a multimedia message. The attacks happen silently so that the user has no chance to save their data or know that their phone has been infected. It's called Stagefright because it exploits Stagefright, a multimedia tool used by Android developers everywhere. The exploit was discovered by Joshua Drake, a mobile security researcher.

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New Site Predicts Bitcoin Fees and Transaction Times

Cointape.com is a new tool that uses existing public data to inform Bitcoin users how much of a fee the network is currently expecting to transfer with limited delay. As seen in the following screenshot, a zero fee transaction can currently be delayed by up to five blocks, or roughly an hour (though sometimes longer). Cointape Could Alleviate User Confusion The topic of fees has been huge in the Bitcoin community as of late, centering around the size of default maximum size of blocks (how many transactions can be fit into a block) and the minimum fees users should pay. […]

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Investment In Bitcoin Surpasses The Early Internet’s By 25%

Investment in bitcoin is outpacing that of the early Internet by almost 25%, according to a report today by the International Business Times, a London, U.K.-based newspaper. Venture capitalist investment in bitcoin startups is projected to be $786 million in 2015, compared with $639 million in Internet companies in 1996, the report noted. The venture capital investing includes the $116 million raised by the San Francisco-based 21 Inc. in March, the most ever for a cryptocurrency sector startup. 'A Fringe Technology' Marc Andreessen from Andreessen Horowitz, the lead investor, said that bitcoin was similar to the Internet in its early […]

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Bitcoin Focused HashingSpace Corporation Announces New Ticker Symbol “HSHS”, Files 8-K, and Completes Reverse Merger

Bitcoin Press Release: US based HashingSpace Corporation (OTCQB: HSHS) is pleased to announce it has completed a reverse merger, and a ticker change from the old ticker MLSOD to HSHS. HashingSpace provides a wide range of services to the Bitcoin and blockchain communities including hosted ASIC mining and Bitcoin ATM’s. WENATCHEE, WA / July 27, 2015 / HashingSpace Corporation (OTCQB: HSHS), a Bitcoin ASIC mining and hosting company, announced today that it has completed a reverse merger transaction with Milestone International Corporation. HashingSpace completed its’ 8-K filing with the United States Securities and Exchange Commission. HashingSpace will be traded on […]

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Blockonomics.co Releases the Google Search of Bitcoin

Last week marks the release of Bitcoin financial tracker blockonomics.co's, instant search feature for Bitcoin. Allowing users to search multiple Bitcoin addresses on the fly, view their transaction history and aggregated balances. Blockonomics is aiming to become the google search for Bitcoin and a one-stop solution to managing all of your crypto-finances. Blockonomics have come a long way since their alpha launch in December 2014, releasing a number of new features. They now allow users to monitor address balances, set up email alerts for credits and debits, see visualizations of wallet transactions, tag addresses and more. Blockonomics, developed by Crypt […]

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Chicago Sheriff Barred From Tampering With Backpage Funding

Following the news that Backpage had launched a lawsuit against Chicago-area Sheriff Thomas Dart, the company has made more headway, winning a "restraining order" against the outspoken sheriff. He will no longer be able to make "de-funding" efforts against Backpage.com. Lawyers for Backpage.com are pushing to have the Sheriff rescind his letters to MasterCard and Visa, which would amount to an apology. There is no way for Backpage.com to force the credit card processing companies to start working with them again, but if the companies knew that the Sheriff's threats of legal action were dead in the water, they might […]

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Scientists Confirm 'Impossible' EM Drive Propulsion

Later today, July 27, German scientists will present new experimental results on the controversial, "impossible" EM Drive, at the American Institute for Aeronautics and Astronautics' Propulsion and Energy Forum in Orlando. The presentation is titled "Direct Thrust Measurements of an EmDrive and Evaluation of Possible Side-Effects."

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Hacking Team Promises New Security Measures Following 400 GB Data Breach

Internet security service Hacking Team claims to be making progress in determining how hackers managed to steal 400 GB worth of data on July 6 and release it on BitTorrent, according to Business Insider. The damage, which included the hijacking of Hacking Team’s Twitter account to tweet screenshots of stolen emails, has created a public relations challenge for the Italy-based security service, which provides surveillance tools to governments worldwide.

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Greek Finance Minister Was Creating a Parallel Payment System

According to former Greek Finance Minister Yanis Varoufakis, prior to making a deal with European creditors, he was authorized to find an alternative way to keep the country's financial health in good standing. He assembled a team, and together they hacked into his own Ministry and got the taxpayer database along with other sensitive information. They intended to create Euro liquidity for Greece one way or another. Varoufakis admitted as much recently in London, according to the Telegraph. He also told them: The context of all this is that they want to present me as a rogue finance minister and […]

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Global Economic Outlook: FOMC Week

This week's economic calendar is dominated by the Federal Open Market Committee Statement on Wednesday. Markets are on tenterhooks following better than expected US Unemployment Claims data last Thursday and their implication for an imminent Fed rates increase. Commodities continue their decline since last week and equities are now beginning to teeter on the edge. Stakes are raised in the deflationary end game of decades of credit expansion. This post is powered by the Bitcoin Trading Network xbt.social - CCN29 and get 29USD off! Economic Indicators World Indexes and Forex Rates Commodities In the Calendar This Week Mon 27 July […]

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Sunday, July 26, 2015

Bitcoin Trading Cautiously Approaching $300

Bitcoin trading has price straining to gain altitude. Advance is following an upward trajectory but the wave pattern is choppy - indecisive trade for the most part but with small surges that, at least, push to new highs. 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: 05h40 UTC Bitstamp 1-Hour Chart From the analysis pages of xbt.social, earlier today: Price is advancing with difficulty, but is slowly making progress along a cautious […]

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OneBit Swipe-to-Pay NFC Bitcoin Payment System Enters Alpha Testing

Readers may recall our interview with Toby Hoenisch, the CEO of OneBit, which uses near-field communication technology to utilize the MasterCard payment network with a cell phone application. A user with OneBit can pay anywhere the MasterCard swipe system is in use, using Bitcoin. For many, an application like this will change the conversation regarding Bitcoin. It will no longer be about whether or not a certain store accepts bitcoins because the app executes the payment in the local currency. The new alpha version of the application is currently being tested in the various districts that Hoenisch and his company […]

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One of the World's Largest Mutual Fund with $2 Trillion AUM Wants to Trademark FIDELITYCOIN

FMR LLC, which is the parent company of Fidelity Investments, has filed with the US Patent Office and Trademark Office to trademark "FIDELITYCOIN." Application number 86699431 concerns "financial services, namely, financial exchange services for virtual currency; electronic wallets; charitable services in the nature of virtual currency." The trademark application was not made known to CCN until the weekend, thus reaching anyone at Fidelity for comment proved difficult. However, in December 2013, Fidelity stopped allowing clients to invest in the Bitcoin Investment Trust and gave little indication as to why. Could this be representative of a new interest in cryptocurrency? CCN […]

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Bitcoin Price Advance Pauses - $300 Remains a Target

Bitcoin price was sold off after a local wave high was made to a 4.618 Fib level just above $291. A price correction is now being traded below $290 and it could see retracement to $285. Technical analysis looks at significant levels in the chart, as well as potential paths of price during the coming weeks. 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: 05h56 UTC Bitstamp 1-Hour Chart From the analysis […]

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Saturday, July 25, 2015

Mike Tyson Enters The World Of Bitcoin ATMs

Mike Tyson, the former undisputed heavyweight champion of the world, wants to get into the Bitcoin space, according to a Tweet he made Saturday. The tweet signaled that a “Mike Tyson Bitcoin ATM” would be coming by August. As the website says, “Mike Tyson’s fastest knockout in the ring was 30 seconds. The Mike Tyson Bitcoin ATM turns your cash into bitcoin in under 20 seconds.” Tyson is best known for his marquee fights in Las Vegas, where, at the D Hotel, a Genesis Coin Bitcoin ATM has been in service for months now. With nicknames like "The Baddest Man on […]

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Coin.mx Operators also JP Morgan Chase Hackers?

The New York Times reports that Anthony R. Murgio and Yuri Lebedev, along with three others, one of whom has been charged but not arrested, were most likely behind the JP Morgan hack that compromised over 70 million client records. The man who is still at large is named Joshua Aaron Samuel, and he is an American who splits his time between the US and Israel. The two from Israel who have been arrested are named Gery Shalon and Ziv Orenstein. Their activities were apparently unrelated to Coin.mx. Sources familiar with the case told the New York Times that the […]

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Do New Images Show Dick Cheney a Bit Too Relaxed on September 11th, 2001?

If you're reading this, there's a chance you weren't old enough to vote when the World Trade Center's Twin Towers were struck down on September 11th, 2001. An event that caused a tectonic shift in US foreign policy and led to two US engagements in the Middle East (Iraq and Afghanistan) - followed by proxy wars in countries like Syria, Libya, Iraq.

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Bitreserve Adds Seven More National Currencies to its ‘Cloud Money’ Platform

Bitreserve, a San Francisco, Calif.-based financial service that allows members to hold bitcoin and send money and convert currencies, has taken a new step to promote a global financial system by adding seven more currencies to its platform. Bitreserve now allows members to send and receive money immediately and move between 16 different currencies at no cost. The seven new currencies are: Australian Dollars (AUD), Canadian Dollars (CAD) Hong Kong Dollars (HKD): New Zealand Dollars (NZD) Singapore Dollars (SGD), Kenyan Shillings (KES) and Israeli Shekels (ILS). Other currencies supported in addition to the new ones are: U.S. Dollars (USD), Euros […]

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Enterprise Vulnerabilities that Attract Hackers

Some organizations realize their customers data has value beyond accounting, and that enterprise vulnerabilities attracting hackers are not always based on IT shortcomings. Those that fail to recognize their responsibility to secure the information they retain are likely to find out just how far others are willing to go to steal it.

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Bitcoin Price Advance And The Fed Expected To Raise Rates

Bitcoin price has begun advance and yesterday covered a $10 distance from $276 to $286 (Bitstamp). The current technical configuration is bullish and the level we watch with interest is $300. 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: 05h12 UTC Bitstamp 1-Hour Chart From the analysis pages of xbt.social, earlier today: The Bitcoin price chart is in a bullish state across all timeframes: from 5-minutes all the way up to the […]

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Friday, July 24, 2015

Podcast Episode 14: Zero Confirmation Bitcoin Transactions with Josh Cincinnati

This episode features Josh Cincinnati, the developer advocate for BlockCypher, a block chain solutions firm. BlockCypher serves ShapeShift.io and their "Confidence Factor" is the reason that ShapeShift is able to process transactions with as little as zero confirmations. Recently this backfired, but Cincinnati says this is to be expected -- it is mitigation, not elimination. Also featured is "Service Man" by the Classy Motherfu?kers from the Coachella Valley, a country rock outfit from California. Please enjoy.

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DigitalBTC Buys $10.1M in Bitcoin While Running Loss of $1.2M

In this year's second quarterly report, Australian firm DigitalBTC says that it has put up $1.2 million in losses, bringing the total losses for the year to $2,744,000. Despite this, the company has purchased a total of over $29.6 million in bitcoins this year, with $10,116,000 of that being in this quarter. The bitcoins are designated for digitalX Direct, the company's "flagship product" which launched at the end of last year. DigitalX Direct's purpose is to provide liquidity to institutional users, such as merchants and Bitcoin sellers. Previously much of their customer base had been Bitcoin trading companies. The company […]

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Bitcoin On The March: BNP Paribas Tests Bitcoin On a Currency Fund

Bitcoin continues to push deeper into mainstream currency trading with BNP Paribas, France’s largest bank. The bank is testing bitcoin for one of its currency funds, according to International Business Times UK. A source at BNP Paribas told IBTimes UK the bank has been "beta testing" crypotocurrency with one of the bank's currency funds in Paris and will make an announcement about it shortly. Spokesperson Cites Block Chain Technology "We are looking at blockchain technology and how it can be applied to post trade processes to make things faster and potentially cheaper but it's all very much projects and it's […]

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First Documented Cuba Bitcoin Transaction is Now History

This week, the first documented Bitcoin transaction in Cuba was put in the history books. Although people have been visiting Cuba since the advent of Bitcoin, this is the first public transaction, considered significant in large part because of recent changes that swept the tiny island nation off the U.S. coast. Washington D.C. and Cuba have opened up relations in recent months after the formal restoration of diplomacy. Five decades long the United States and Cuba spent devoid of the benefits of working together. The Obama Administration liberalized economic life for Cubans on the island, and Cuban-Americans, with many recent […]

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Jeremie Miller Wants To Crack The Future of Distributed Hash With Telehash

Jeremie Miller has been working on Telehash for approximately five years, mostly as a research project into distributed hash tables and other problems like how to connect people peer-to-peer. In its most recent version, Telehash utilizes the strongest cryptographic protocols to ensure its user’s privacy.

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Bitcoin Price Consolidation Building Pressure

Bitcoin price has been drawing sideways in a narrowing range for over a week. The market will soon become frustrated with its inability to make new highs or lows, and this is the perfect setup for a strong directional move. 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: 04h52 UTC Bitstamp 1-Hour Chart From the analysis pages of xbt.social, earlier today: Price is currently beneath both the 20MA and 200MA in the […]

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Thursday, July 23, 2015

Nasdaq: More Block Chain, Please

Nasdaq was the first fully electronic stock exchange, launching in 1971. Other exchanges still required traders to turn in slips of paper, which wouldn't only be a hassle, but also inefficient with a lot of room for error. Fast-forward 44 years, and Nasdaq is looking at becoming the first stock exchange to use the block chain, the decentralized ledger at the heart of Bitcoin and most, if not all, cryptocurrencies. Last month, Nasdaq announced it had partnered with Chain, a block chain services provider, to facilitate the efficient issuance and transfer of shares in privately-held companies. A somewhat smaller part […]

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Faster Payments: Nocks Browser Extension Integrates Bitcoin and Guldencoin Payments Into Web Browsers

Nocks, an Amsterdam-based payment platform for bitcoin, has launched a browser extension called Nocks Nimble that recognizes bitcoin and Guldencoin wallet addresses. Nocks Nimble gives users the ability to send payments to these addresses from within their Chrome or Firefox browsers. Once the user integrates the browser extension into their browser, they do not need to use the Nocks website to make payments. Fast and Easy Cryptocoin Payments Sending a payment with Nocks Nimble mostly consists of clicks, not copy pasting addresses and payment amounts into wallets. “We want to make payments seamless, login-free and always available,” Roel Buerra, co-founder, […]

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Updated Windows Binary of the ccMiner 1.5.56-git Fork by SP for Maxwell

ccminer-1-5-56-spmod

A new Windows binary release compiled from the latest Git source code of the ccMiner 1.5.56-git SP-MOD fork of the Nvidia GPU miner optimized for the latest Maxwell-based video cards by SP (source). The latest version includes optimizations for Quark and Qubit for faster performance as well as support for the C11 algorithm from tpruvot’s implementation and the bitcredits algorithm form djm34’s implementation. 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 1.5.56-git by SP for Windows OS…

5 Ways That Cryptocurrency Improves Lives

Cryptocurrencies like Bitcoin can improve lives. That's an undisputable fact that we have seen evidence for over and over again. Below we have listed five ways cryptocurrency improves lives. Let us know in the comment field how you think cryptocurrencies improve lives. 1. Privacy Many who choose Bitcoin and other cryptocurrencies as a means of exchange and storage would otherwise choose cash in daily life. Cash doesn't know anything about its holder. On the face this may sound nefarious, but in fact it's more a protective measure based on experience for most. For others, it's just a matter of comfort. […]

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Carbon Engineering Technology to Extract CO2 From the Air and Turn It to Fuel

Canadian startup Carbon Engineering (CE) has developed technology to take carbon dioxide (CO2) out of the atmosphere and turn it into fuel. The development could open new ways to exploit renewable energy and fight climate change.

The post Carbon Engineering Technology to Extract CO2 From the Air and Turn It to Fuel appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Top Bitcoin Gambling Brands Get Extra Boost from CoinPoint’s Expertise

Bitcoin Press Release: Top and emerging brands rely on CoinPoint’s expertise in the Bitcoin gambling niche to help them reach their target goals on the cryptocurrency gambling market. The premier Bitcoin media and marketing agency is the answer to the concerns and dilemmas of Bitcoin casinos and gambling sites aiming to be ahead of the competition. With enough skills and knowledge in spearheading the career of even the smallest and newest names in the industry, this firm is more than equipped to provide unparalleled and spot-on solutions. CoinPoint, which officially began operations in 2013, is an Australian online marketing company […]

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Bitcoin Price Eyes $300 And Advance

The Bitcoin price chart is showing signs of a pending move higher. Technical analysis considers the favorable chart conditions but identifies possible resistance to immediate 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: 03h56 UTC BTC-China 1-Hour Chart From the analysis pages of xbt.social, earlier today: The 20-period moving average (green) is approaching the red 200MA for an upside crossover. Unless a concerted sell-off occurs in the coming hours, price will […]

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Wednesday, July 22, 2015

Time For Plan Bitcoin? Barclays to Close Certain Cypriot and Greek Accounts

British bank Barclays has confirmed they will be implementing new requirements for account holders living in certain other parts of Europe, particularly Cyprus and Greece, which have both experienced significant economic turmoil in recent times. The bank's new requirement is a minimum balance of €100,000 for account holders residing in these zones, or else they'll have to find a new solution by September. A representative told the Cyprus Mail that this move is part of an internal risk management strategy established at the end of 2013. We haven't taken this decision lightly and are not looking to simply exit these […]

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New York Court Rejects Facebook Bid to Stop Search Warrants

As it stands now, it is crystal clear that Facebook Inc. has failed in its bid to stop the biggest search warrant ever received by the company. This came to fruition as a result of a court ruling in New York. The ruling has the potential of mitigating the volume of information social media sites relay to law enforcement agencies in the future.

The post New York Court Rejects Facebook Bid to Stop Search Warrants appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

12 Types Of Currency Throughout History You Could Eat, Drink or Smoke

Earlier this month a regional court in Moscow ruled that farmer Mikhail Shlyapnikov could not print or use his own currency. Shlyapnikov plans to appeal the ruling. The farmer introduced his own type of exchange unit, kolions, to insulate his village from economic turmoil. The currency name comes from his village, Kolionovo, and was pegged to the potato, with one kolion equaling 10 kilograms of potatoes which could be exchanged for labor or other food. Shlyapnikov, who was formerly a Moscow business man, left the business world for farming 10 years ago. He doesn’t call kolions money. Instead, loan receipts. Shlyapnikov’s […]

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Mining with a 8X GPU GeForce GTX TITAN X System

nvidia-8x-titan-x

Here is something interesting that is not originally intended to be used as a GPU mining rig, but for a powerful compute oriented machine – an 8x GPU AsRock Rack Barebone populated with eight Nvidia GeForce GTX TITAN X video cards and two 14-core Intel Xeon processors. These powerful rackmount systems are designed for use with Nvidia Tesla cards for high-performance CUDA applications, but you can put in GeForce cards as well such as the TITAN X and have them all running at PCI-E 3.0 x16 speeds (no SLI support is available).

So we took one of these interesting systems and ran a quick test with the latest ccMiner to see what kind of performance we are going to get for crypto currency mining. It was out of curiosity as the system is not intended to be used for GPU mining – the whole things is just way too expensive to probably ever see ROI let alone make some profit from mining. Interestingly enough the 8x GPU configuration requires the use of Windows Server or compatible Linux distribution, with Windows 7 or 8.x we were having trouble making all 8 GPUs work properly (Error code 43 on the 8th card). Apparently there is a solution to make all 8 cards work fine under these consumer versions of Windows as well, all you need to do is some registry modification and you should be fine.

nvidia-8x-titan-x-performance

As you can see from the screenshot the system runs fine with a total hashrate of about 190 MHS mining Quark on all eight GeForce GTX TITAN X GPUs. This means that a single TITAN X card gets you about 24 MHS for mining Quark-based crypto currencies and ll of the cards manage to provide optimum performance. Notice that the fans are turned all the way to 100% for best performance, because otherwise the cards are easily hitting the thermal limit with their fans running on auto at about 50-60% and as a result they throttle down and you loose performance with the GPU frequency dropping down to 1000 MHz. Again this is not a system designed for crypto currency mining, but for compute applications, we were just curious how well it will perform for crypto mining and it does a great job with some tweaking. Of course since the whole thing is designed to be in a server room the noise level is not relevant, though it is quite high as expected thanks to the 8 GPU fans and the other 8 chassis cooling fans that are 24W each when running at maximum RPM.

Maybe if GPU mining picks up to a large scale level like it is happening with Bitcoin mining and is profitable enough we might be able to see solutions like these used, but for now these are limited to businesses using them for high-performance CUDA applications. Think along the lines of 3D design, visual effects rendering, medical imaging, energy exploration or scientific simulations etc.

Silk Road Snitch Gets 2 ½ Years, 9 Months Remaining

"Deezletime" was a heroin dealer. He sold heroin to people using Ross Ulbricht's creation, the Silk Road, the first major "darknet market" which some argue was the first true use case for Bitcoin. He earned $60-70,000 per month. His real name is Michael Duch, and he was a key witness in the case against Ross Ulbricht, functionally as a way to describe to jurors how the site worked from the perspective of a dealer. Duch had no connection to Ulbricht outside of Ulbricht's identity as Dread Pirate Roberts, the site's administrator and thought leader. Some feel that Duch's real purpose […]

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Bitcoin Trade Pulls Price Back To Support

Bitcoin trade has sold price lower, but not to a new low. It appears buyers are using the low $270s as a demand zone and sellers are incapable of breaking price lower. 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: 04h24 UTC Bitfinex 1-Day Chart From the analysis pages of xbt.social, earlier today: The 1-day 20MA (green) has been breached to the downside for the second time without a catastrophic sell-off ensuing. […]

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Tuesday, July 21, 2015

Ashley Madison Users Now Free to Come and Go

Perhaps in an effort at damage control as regards their core audience, Ashley Madison today announced that there will no longer be a "Full Delete Fee."

The post Ashley Madison Users Now Free to Come and Go appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Coin.mx Bitcoin Exchange Operators Arrested

Two Florida men are facing some serious felony charges that intersect both Bitcoin and the money transfer business. According to federal authorities, Anthony R. Murgio and Yuri Lebedev never bothered to get a Money Services Business license for Coin.mx, a Bitcoin exchange. The FBI's statement on the matter calls Coin.mx / Collectables Club a "phony front business" and mentions that the men also utilized a federal credit union that they bought solely for the purpose of washing dirty money. In doing so, they knowingly exchanged cash for people whom they believed may be engaging in criminal activity. MURGIO and his […]

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Video: How Bitcoin is Changing Banking in Africa

Curious how the BTC invasion of Africa is going? If you've got five minutes, the below film might be a great way to spend it. Also read: Coming to Africa: Bitcoin Ready to Invade Featured image from Shutterstock.

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BitX Has Been Awarded $4 million in Series A Funding

BitX is delighted to report their $4M Series A funding round led by the Naspers Group, through PayU (Naspers Group’s payment subsidiary). Also in participation at the round, was their long term investor, Barry Silbert’s Digital Currency Group. Major growths and engagements have been experienced across the markets BitX operate in over the past 12 months, and as a result, their platform is now available to more than half a billion consumers - cut across strategic markets in Africa and Southeast Asia. As a result, BitX now has the biggest market footprint of any cryptocurrency company in the world. In line with […]

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P2P E-Commerce Network: OpenBazaar CEO Gives Talk To Packed House In San Diego

SanDiegoMeetUpIn North Park, a hip and central bedroom community of San Diego, local businesses Airbitz and CoinStructive hosted an evening of craft beer and Bitcoin discussion at Union Cowork last week. Founder of OpenBazaar, Brian Hoffman, who comes from San Diego but lives in Washington D.C., held an hour-long speech about the state of his company.

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Bitcoin Price Making Gradual Progress

Bitcoin price is holding above the rising support level near $276. Overhead, price faces some obstacles and may not advance immediately, but a larger advance seems more and more likely - with certain risk caveats, as outlined below. 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: 04h33 UTC Bitstamp 1-Hour Chart From the analysis pages of xbt.social, earlier today: As discussed in yesterday's last analysis post, price has not been advancing strongly […]

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Goxxed No More: First Decentralized Bitcoin Exchange Launches Today

A single point of failure is a sure way to test Murphy's Law (can go wrong, will go wrong), and when dealing with a massive store of wealth, in bitcoins or otherwise, this is not a law you want to prove. Ever since the failure of Mt. Gox and the subsequent centralized Bitcoin exchanges which have been hacked, proved insolvent, have been the object of exit scams, or buckled under the weight of obvious manipulation, there has been clamor toward a decentralized exchange. There exists technology on which this can be done, escrow services and multi-signature addresses, but these methods, […]

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Anti-Adultery Populace? Many Rooting For Hackers in Ashley Madison Breach

The online adultery hub known as Ashley Madison, as readers are most likely aware, has had its entire database compromised and has given the website a deadline to either shut down or have its nearly 40 million users details made public. Though the site is categorically legal, and the hackers are without a doubt in violation of numerous laws, everyday citizens seem to believe this speaks to a higher law.

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Monday, July 20, 2015

The ‘Crypto Cold War’: Bitcoin’s Politics Of Scalability

Writing on Nasdaq.com, bitcoin observer David Floyd claims the quest to increase the size of the bitcoin block is a critical issue for establishing bitcoin as a major currency. The quest, however, has no ready solution, Floyd notes in his essay, titled, “The Crypto-Cold War: Bitcoin's Politics of Scalability.” Floyd, who writes about investing, energy and politics, says at present, bitcoin’s processing capability dwarfs in comparison to Visa, which can process 56,000 payments per second. Increase The Block Size? Increasing the bitcoin block size could solve the issue, he writes, but this presents drawbacks. Floyd compares the debate over increasing […]

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Bitcoin Growth More Than Doubles In Economically Ravaged Argentina

The use of bitcoin has more than doubled in the past year in Argentina as government controls have delivered economic stagnation and double-digit inflation, according to the London, U.K.-based Financial Times. The government has restricted access to foreign currency and created an overvalued currency exchange rate. One small business owner, the owner of a budget hostel in Buenos Aires, has found bitcoin helpful in the face of the country's overvalued currency exchange rate. She takes credit card payments from foreign tourists in return for bitcoin. She can then sell bitcoins on Argentina’s unofficial currency market for 50 percent more than […]

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From Their HQ In Prague, General Bytes is Rising in the Bitcoin ATM Ranks

Currently ranked fifth on the CoinATMRadar list for most Bitcoin ATM's, Czech Republic based General Bytes has positioned itself to succeed in the Bitcoin ATM market. Some of the most stable companies, for sure, have received the least amount of press. General Bytes appears to be one of those. The company stepped up amid the Robocoin crisis to bail out some of the embattled company's operators and has been reputable. General Bytes (GB) develops Android and Bitcoin technologies, focusing on Android because it is the leading platform for phones and tablets. The firm strives to bring Android technology to other […]

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Ashley Madison Hacked, Millions of Adulterers' Details at Risk

Ashley Madison, a website infamous for being a mainstream portal encouraging extra-marital affairs, has been hacked. The website claims to have more than with nearly 37 million registered users. The unknown individual and/or hacking group behind the cyber attack are threatening to expose the personal data of millions of users unless certain demands are met, according to numerous sources including Time.

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Global Economic Outlook: Gold Crashes

Last week turned out to be a mixed bag of economic developments culminating in the release of "strong" US Housing and Inflation figures late on Friday. The notional "improvement" in the US economy has raised expectations that the Fed may raise interest rates during the course of the year. This morning, precious metals markets dropped in unison with Gold plumeting over $40 at the open. Greece's banks open their doors today and Chinese officials rejoice in their regulatory ability to control the stock market. This post is powered by the Bitcoin Trading Network xbt.social - CCN29 and get 29USD off! […]

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Bitcoin Price Successfully Tests Support

Bitcoin price, over the weekend, unfolded five declining subwaves and should now advance. The prevailing pattern of price shows similarities to a pattern at the end of January (prior to consolidation) and another in mid-February (prior 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: 04h45 UTC Bitfinex 15-Minute Chart From the analysis pages of xbt.social, earlier today: Bitcoin price has made five declining subwaves and should now advance. Advancing in […]

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Sunday, July 19, 2015

Bitcoin: A Solution For Global Travelers as Payment Systems Become More Centralized

Bitcoin’s decentralized platform of distributed trust continues to gain the attention of astute observers of centralized payment systems. One benefit bitcoin provides in today’s global economy is being a global currency. Bret Swanson, writing in yesterday’s Chicago Tribune, claims bitcoin can alleviate the problems international travelers increasingly encounter when making payments in foreign countries. Swanson, president of Entropy Economics, a technology economic research firm, and Entropy Capital, a venture capital firm, relates the difficulty he recently encountered when his teenage daughter needed to pay for things during a trip to France. A few days before the trip, he loaded prepaid […]

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Bitcoin Value Holding Price Above Support

Bitcoin value is holding price above support near $275 and attempts to sell price down have been foiled by strong buying support. Analysis considers market psychology at the current juncture in the chart, as well as potential outcomes. 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: 06h43 UTC Bitstamp 1-Hour Chart From the analysis pages of xbt.social, earlier today: The 1-day 20MA is currently located at $274.80 in the Bitstamp chart and […]

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Saturday, July 18, 2015

You Own Your Intellectual Property - Ascribe.io Looks To Revolutionize Digital Art

Ascribe.io believes your digital content is worth something, and that banks and other financial institutions should see such work as collateral. Such a paradigm shift could change the global economy as we know it, and Ascribe.io is on the front lines.  Ascribe.io is working to help usher art into the digital age with blockchain-based authentication for digital projects. The company has been in production since February 2015, beta since fall 2014, and alpha since late 2013. The startup has been working closely with artists, galleries, museums, conferences and others in the art ecosystem. Artists have used the Ascribe platform in […]

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Oh Crop! Free Game For Android with Bitcoin Rewards

oh-crop-bitcoin-game-1

We’ve already covered a few games for both Android and iOS mobile devices that award players with BTC in some way and we have just discovered another such game. Oh Crop! by Loud Panda Interactive is a free game for Android-based devices (not available for iOS) with a simple concept where you fly around and try to avoid enemy plants trying to kill you, you can collect in-game coins and power ups that can help you survive longer and even kill enemies. The goal of the game is to survive as long as possible and score as higher as possible. Oh Crop! comes with a simple and intuitive gameplay relying on the smartphone or tablet’s accelerometer or a virtual joystick for the movement of your in-game character. It is one of those simple, yet fun and addictive games and the fact that you can get some Bitcoins as a reward makes it even more addictive.

oh-crop-bitcoin-game-2

In order to be able to get BTC rewards you need to make it into the Top 15 best scoring players into the Leaderboard, the game apparently has cycles lasting a few days each with new Leaderboard for each. There is a reward that is split among the Top 15 players in each cycle and the higher you score, the bigger your reward will be. AS a reference, the last place in the Leaderboard can have something like 2000 score and gets a reward of about 3.5 mBTC and the top player scored over 12000 points for a reward of about 57 mBTC (1 mBTC is equal to 100000 satoshi or 0.001 BTC). Have in mind that as a novice in the game you will have hard time scoring even a thousand points, so you will need to get into the game in order to get in the Top 15 players in the leaderboard and be able to with some BTC as a reward.

In order to be able to get your Bitcoin reward, if you manage to get one, you will have to setup an account in the game. This is as easy as entering a username and an e-mail address, though the mail address is not required. You also need to type the BTC wallet address to which the rewards need to be sent, the easiest way is to copy and paste it in the respective field in the game otherwise you can easily do a mistake and type it incorrectly if you try to enter it manually. Unfortunately there is no support for a web-based wallet where you can use your email address as an ID for sending you coins or an integrated 2D barcode scanner to easily set your BTC address in the game.

For more information about the free Android game Oh Crop! with Bitcoin rewards…

BlockCypher: Zero Confirmation Bitcoin Transactions Still Viable

BlockCypher provides Bitcoin wallet services to larger organizations such as exchanges and payment providers. During the recent fracas of "dust" transactions crowding the Bitcoin network, one of their larger clients, Erik Voorhees' ShapeShift.io, suffered a double-spend attack amounting to 2.6 BTC. The biggest offering of BlockCypher is what they call a "Confidence Factor" which basically means what it sounds like – if the processor is reasonably sure (as in more than 99%) that a double-spend will not be attempted, the transaction is processed with zero confirmations. BlockCypher describes their method like so: In simpler terms, if an unconfirmed transaction returns […]

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Bitcoin Trade Waiting For Market Direction

Bitcoin trade bought price up from a low of $272 and 1660 CNY yesterday. At the current level near $280 and 1720 CNY price is in an indeterminable state of trend. Analysis looks for direction and an action plan for taking a position in the market. 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: 05h52 UTC Bitfinex 4-Hour Chart From the analysis pages of xbt.social, earlier today: Price has bounced from the […]

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Friday, July 17, 2015

CCN Podcast Episode 13: Middle Earth's Own Cryptocurrency?

This episode features the debut of a new weekly feature, our weekly market update with Venzen Khaosan, our resident market analyst and Bitcoin trader who is most active over at XBT.social. Following that, an interview with a person calling himself Sal Paradise, the supposed helper of Funkenstein the Dwarf, the creator of Woodcoin. What is Woodcoin? Listen and you'll find out. Full disclosure: I'm a huge bag holder. What are you holding a great deal of, and who would you like to hear from here on CCN? Reach out and let me know, either in the comments here or via […]

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Smart Taxis Could Save 7 Billion Barrels of Oil Per Year

A recent study by the Lawrence Berkeley National Laboratory has concluded that up to 7 billion barrels of oil per year could be saved in a future that included artificially intelligent, electricity-fueled cars.

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Manhattan Fine Art Gallery accepts Bitcoin and Dash to Gain Access to New Markets

The Jonathan LeVine Gallery, a fine art gallery in New York City that already accepts bitcoin for online art purchases, has begun accepting Dash, a cryptocurrency formerly known as Darkcoin. The move builds on the establishment’s reputation for being at the forefront of the cryptocurrency movement, so its clients have the best payment options available, according to Danielle Link, the gallery’s spokesperson. “Accepting Dash will open us up to new markets, specifically to those who have cryptocurrency and are searching for places to spend it,” Link told CCN. “It is also the wave of the future and we want to […]

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Get Paid Bitcoins to Play Mobile Games

Searching the Google Play store for Bitcoin-related applications can be a somewhat harrowing experience. Invariably one will come across questionable applications and occasionally finding a certain wallet can be impossible due to the uncanny nature of SEO mechanics. Nonetheless, some important applications have come about in the Bitcoin Android space, and we're not talking about wallets or price watchers. We're talking about the games! Also read: 5 Ways to Get Free Bitcoins 1. Oh Crop! The newest contender in the category is Oh Crop!, a game much like Plants vs. Zombies in which the player must defeat evil plants. Every […]

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Walmart, McDonald's & More Now Able to Integrate Bitcoin Into Rewards Programs

The web wallet service Snapcard has partnered with Ifeelsgood, a company that facilitates reward programs for companies with large customer bases such as Walmart and McDonald's. You guessed it: Ifeelsgood clients will now be able to reward their customers with bitcoin as opposed to silly digital goods or special coupons. For Ifeelsgood, the partnership means that the company will be able to offer its services worldwide, as opposed to the 30 countries it had previously operated in. For Snapcard, potentially thousands of new clients will experience their service for the first time via a trusted brand. Also read: Snapcard Enables […]

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Updated Miner Control 1.6.4 Software KBomba Edition

miner-control-kbomba-latest

We have compiled a windows binary from the latest source code of the Miner Control KBomba Edition (source) and you can download the package from the link below. The latest version of the software for automatic mining pool profit switching comes with some fixes and support for YAAMP clones, also support for pools that are no longer available have been removed. You can now also have multiple manual entries for pools in the config file with fixed settings for the price set by you in order to get their profitability calculated. We are going to be updating our ready made for use packages based on the Miner Control tool with this version soon, meanwhile you can play with its new features. The release you can download below is with the example test miner (not really mining anything) and a sample configuration file.

To download the latest windows binary of the Miner Control 1.6.4 KBomba Edition for Windows…

Flying Gun? Armed Drone Robbery? Amateur Weaponized Drone Built (Video)

An unidentified, unverified video has been circulating on the Internet for the past couple of days, depicting a drone firing what appears to be a Glock-style pistol four times. Most interesting about the clip is that the drone adjusts itself after the recoil of each shot, giving it time to reposition on the target.

The post Flying Gun? Armed Drone Robbery? Amateur Weaponized Drone Built (Video) appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Thursday, July 16, 2015

Bitcoin Price Decline Finds Support

Bitcoin price took the declining path, yesterday, and bounced from the 1-day 20MA in most exchange charts. The prospect of continuing decline is on everyone's mind, and analysis posted here for the past few weeks has favored a large decline. xbt.social analysis remains biased to the downside, but there is an argument to be made for resumption of advance from current levels. 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: 04h50 UTC […]

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EU Court Rules Against VAT for Bitcoin Exchanges

The European Union's Court of Justice Advocate reached a decision today on the validity of value-added taxation for Bitcoin trading. After careful consideration of arguments from Estonia, Germany, Sweden, and members of the European Bitcoin industry including David Hedqvist, the court decided that the acquisition of Bitcoin was not a taxable event in the eyes of the VAT. Also read: European Union to Rule on Bitcoin VAT Today While there is currently no English translation of the ruling, the Google translate edition does it enough justice to decipher the reasoning behind it. The conversion of a pure means of payment […]

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European Union to Rule on Bitcoin VAT Today

Getting Bitcoin in the EU could change irrevocably today as the European Court of Justice Advocate General decides on whether to charge value-added tax on the sale of bitcoins or not. While some individual countries such as the United Kingdom have already implemented a strategy regarding Bitcoin, exempting it from VAT and treating it as a foreign currency, the whole EU is subject to the rules being decided on today. The UK also permits businesses to accept any currency they like, although their VAT must be calculated properly in the local, national currency. In this scenario, rather than charge an […]

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New Genesis Mining 1 Year Master Contract With Faster ROI

genesis--mining-new-fixed-term-contract

The Bitcoin cloud mining provider Genesis Mining has announced a new type of cloud mining contract with a fixed term of 1 year and a lower price per GHS resulting in faster ROI time than their standard Lifetime mining contracts. The new 1 year Master contract is available with a price of $0.29 USD per GHS as opposed to the price of $0.39-0.45 USD per GHS for the Lifetime contracts. The daily maintenance fee for the new contracts remains the same as before at $0.0015 USD per Gigahash. The standard listed 1 year fixed term contract is for 1 THS, but you can actually purchase a contract as low as 250 GHS fo the fixed term, the minimum for Lifetime contracts is 50 GHS.

The idea with the new 1 year term contracts for Bitcoin cloud mining is to provide alternative for users that want a shorter term ROI and are not interested in longer term investments that could end up bringing more profit over the long run. Do note however that there are no guarantees in the mining world, since the daily maintenance fee is fixed in USD the daily profit can vary depending on the current exchange rate of Bitcoin. The increasing difficulty of the Bitcoin network can also be a factor in reducing your profit over time. So always invest carefully in cloud mining contracts and do your math.

The good news is that our special 5% discount code can also be used for the new 1 Year Master Contract as well as for the Lifetime mining contracts, so you can get even better deal for the price per GHS. All you have to do is to enter the promo code CryptoMiningBlog5 when checking out.

You can get more information about the cloud mining services offered by Genesis Mining here…

Chinese Bioengineers Develop Artificial Sperm to Create Armies of Half-Cloned Mice

Scientists at the Chinese Academy of Sciences’ Shanghai Institute for Biological Sciences, led by Li Jinsong, WU Yuxuan of the Institute of Biochemistry and Cell Biology, and YANG Li of CAS-MPG Partner Institute for Computational Biology, have successfully mass produced viable high-quality artificial sperm for the first time.

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Bytecoin Updates its Wallet and Capabilities In Quest Of a Better Financial System

Bytecoin (BCN) has issued a new release that its team claims takes the CyrptoNote-based currency closer to its mission. Which is to develop a financial system that provides the same functions as existing financial systems at less cost for users. The new release includes an updated Bytecoin wallet, pool mining, and an added solution for real-time transactions, ensuring that most transactions will process in 120 seconds. Paying invoices, pool mining and accessing block chain data will be available using an integral control center. Additional details about the new release are available on the Bytecoin website. “Our vision was to create […]

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Wednesday, July 15, 2015

Bitcoin Price Holds Above $285

Bitcoin price has declined to support at $285 and failed to break lower. Yesterday's sense that direction was unknown, now sees a potential support floor for advance developing. A few clues in the price chart imply that once the consolidation is over (if not already complete), price may move on $300 again. 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: 03h48 UTC Bitstamp 15-Minute Chart From the analysis pages of xbt.social, earlier […]

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Massive International Hacker Sentenced to 13 Years For Identity Theft Scheme

Young people across the world are showing themselves to be savvy and competent behind a computer screen. Many of them are facing jail time for showing the vulnerabilities in the U.S.'s computer systems. 

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Group Of Minecraft Players Trade A Million Blocks in Bitcoin

Readers may remember BitQuest, as covered here on CCN. The Minecraft server uses Bitcoin for its economic component, and the results are fantastic efforts from those wishing to earn Bitcoin. They even had an architecture contest recently. A group of players recently decided to take the market component of the Minecraft server to a new level by creating a market that would be supply and demand responsive. Players were able to purchase in-game currency using bitcoins and then buy blocks. Each in-game emerald is worth a bit, or a millionth of a Bitcoin. Some blocks are more valuable than others, […]

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Greek Aid Package Not Big Enough

Analysts report that the aid package being offered to Greece is not functionally big enough to cover gaps in the future and that the country may be in trouble after accepting the deal. The austerity measures the package pushes, as well as other provisions within the deal, could cause civil unrest. This became obvious today as protesters took to the streets to express opposition to the aid package presently on the table for Greece. Among other things, the package requires tax hikes and cuts to pension packages, neither of which are popular even in the ruling party. Also read: How […]

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Global Financial Research Institute Seeks Grant Proposals On Block Chain Capabilities

The global financial industry continues to study the block chain with increasing vigor. The SWIFT Institute, a La Hulpe, Belgium-based financial research organization, is seeking proposals for a pair of research grants on block chain capabilities. Each 15,000 EUR grant is for block chain research, one in securities and the other in intraday liquidity. Proposals must be submitted by Aug. 7. In each case, the institute will pay half of the 15,000 euros immediately and the balance on acceptance of a working paper. The institute will publish each working paper to the global financial industry while the authors will be free […]

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Gates Foundation Funds African Bitcoin Initiative for the Poor

A block chain technology company located in Ghana and Kenya, Bitsoko, has won a $100 000 grant from the Bill and Melinda Gates Foundation initiative Financial Services for the Poor. From their website, Bitsoko appears to be a bitcoin wallet and merchant services provider for the African market. Utilizing Bitcoin in places where currencies have seen extreme inflation is not the worst idea. Also read: Liberating Northern Ghana on the Block Chain: Model for Africa? The award is being funded through the Grand Challenges Exploration, an initiative of the Foundation that this year was focused on financial services for the […]

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Bitcoin Price Passing Time, Market Direction Unknown

Bitcoin price is drawing sideways along a Fibonacci Fan line. While it would be highly beneficial to know the market's next directional move from the current juncture, it is just one of those times in the chart where even the market does not know what it will do next. 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: 07h46 UTC Bitfinex 15-Minute Chart From the analysis pages of xbt.social, earlier today: The 15-minute […]

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The 1.4 Million Dollar Bitcoin?

In the below infographic, the creators attempt to equate the value of Bitcoin to the value of other assets, resulting in a 1.4 million dollar bitcoin! In the last bracket, all the way at the bottom, you see they come up with 1.4 and 2.8 million dollar bitcoin prices, if bitcoins were these other assets, or based on them, it seems. This is insane, of course, but it makes one wonder what a true ceiling on bitcoin value would look like. The asset is fixed which means there will never be more than a certain amount. This should contribute to […]

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Molecular Transistor Built From a Single Molecule and Atoms

Scientists have used a scanning tunneling microscope to build a tiny transistor with a single molecule and a small number of atoms. The development will open the way to more and more precise control of molecular electronics.

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Tuesday, July 14, 2015

Bitcoin Accepting Rap Mogul 50 Cent Files Bankruptcy

50 Cent, who accepts Bitcoin for his online shop, has filed for chapter 11 bankruptcy under his legal name Curtis James Jackson II in bankruptcy court in Connecticut. The rapper has played off the filing as a cost of doing business, even making light of the situation, recently posing next to a smart car for an Instagram photo as if to make fun of his current circumstances.  The Southpaw actor has been open about his decision to file for chapter 11.  "I'm taking the precautions that any other good businessperson would take in this situation," the rapper told E! News about his […]

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Updated Windows Binary of the ccMiner 1.5.55-git Fork by SP for Maxwell

ccminer-1-5-55-sp-mod

Here comes a new Windows binary release compiled from the latest Git source code of the ccMiner 1.5.55-git SP-MOD fork of the Nvidia GPU miner optimized for the latest Maxwell-based video cards by SP (source). The new version includes fixes for numerous algorithms such as WhirlpoolX, Neoscrypt,Lyra2RE and Qubit and provides additional performance increase for Quark. Furthermore it can also be compiled with the latest CUDA 7.5, however it seems that CUDA 6.5 is still giving the best performance, so we have used it for this. Do note that the 55 release may have some issue with local wallet mining, just like release 54 as it appears we are having some trouble with that, so if you do experience a problem you should go back to the 53 release that seems to work fine. 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 1.5.55-git by SP for Windows OS…

I/O Digital to Release World’s First Decentralized Identity SideChain For Bitcoin

Bitcoin Press Release: I/O Digital sets to release the first ever decentralized identity sidechain using a distributed  blockchain based DNS system. This system, known as DIONS (Decentralized I/O Name Server) will utilize the I/O Digital blockchain to attach sensitive identity credentials to a specific Bitcoin (XBT) or I/O Coin (IOC) address. The system allows for the registration of aliases, avatars, documents, making them fully transferable between users. DIONS will offer strong security by integrating a fully fledged RSA cryptosystem (using a 2048 bits long key). DIONS will support a decentralized messaging system. The system will enable fast, easy and secure […]

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Hacking Team Targeted Bitcoin Wallets

According to a report from Ars Technica, the Italian company Hacking Team developed a piece of software called Money Module that specifically targeted cryptocurrency wallets in addition to other financial files. It looked for the wallet.dat file on the hard drive and if it found it, relayed it back to the owner of the license to the software. Then, they could try to break the password, and from there they could either have the money or at least track the funds of the user, which would be the ultimate goal of a spy agency, for instance. But an individual hacker […]

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Is There Any Reason Banks Shouldn't Use Bitcoin?

If you were a large bank or another type of large financial interest, and you had finances say, in Greece, wouldn't you potentially be looking for a good way to get them out quickly? Why wouldn't you consider Bitcoin? With Bitcoin, you could buy a large portion of them, and then transfer the money for a fraction of the cost, and then cash it back out into a fiat currency wherever you've sent it. For a bank, this would save a lot of time and money usually wasted on bank fees. For anyone else, it would represent a cheaper way […]

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Bitcoin Price In Downward Correction

The past six weeks' bitcoin price rally has bolstered the market's confidence. A technical price correction coincided with news about Greece, yesterday. Even in correction, the market is now more active and optimistic and we may expect additional rallying price waves when the current retracement has run its course. 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: 10h45 UTC Bitstamp 4-Hour Chart From the analysis pages of xbt.social, earlier today: A look […]

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Bitcoin Core Version 0.11.0 Has Been Released

bitcoin-core-v-11

A new major Bitcoin Core version 0.11.0 is now available for download bringing both new features and bug fixes, so it is recommended to upgrade to it if you are running a full Bitcoin node or a local Bitcoin Core wallet. This release also addresses the recent issues with the network being flooded with low-fee transactions resulting in slow processing time of Bitcoin transactions. Now you can change a few configuration options to work around this issue and more robust solutions are being worked on for a follow-up release.

Among the notable changes is the Block file pruning that allows running a fully validating node without maintaining a copy of the raw block and undo data on disk which is good for running a full node with more limited space, but does not work with local wallets yet. Block pruning allows Bitcoin Core to delete the raw block and undo data once it’s been validated and used to build the databases. Experimental support for big-endian CPU architectures was added in this release. There have been many changes in this release to reduce the default memory usage of a node. This release also improves the algorithm used for fee estimation.

For the list of new features with additional details about the Bitcoin Core 0.11.0 release…

This Greek Restaurant Offers 20% Discount When You Pay In Bitcoin

As Eurozone leaders reach an agreement for a new bailout of Greece, the prospect of a 'Grexit' diminishes in the short term. After 17 hours of meetings in Brussels over night in Europe, it seems that the most pressing crisis in Europe has been avoided for now. Nonetheless, the economic uncertainty that swept the country increased awareness of Bitcoin.  Some businesses were at the center of this increased awareness of Bitcoin in the southern European country.  Tavern Agelos, a traditional Greek restaurant, is one of those businesses. The restaurant is an early adopter, and there’s perhaps not a country in […]

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Steven Spielberg Joins Hollywood Virtual Reality Company

Steven Spielberg has joined Virtual Reality (VR) startup The Virtual Reality Company (VRC) as an adviser, UploadVR reports. The Los Angeles based startup, with a super team of Hollywood talent, is in the process of raising about $23 million to leverage the many VR headsets that will begin to appear in early 2016, and bring VR cinema to consumers.

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Monday, July 13, 2015

Apple Makes More Money Than All Other Smart Phone Manufacturers Combined

The margin on Apple's iPhone products may be a lot higher than you previously suspected, as the company presently makes more than 92% of the operating profits in the smartphone industry while selling roughly a fifth of the phones.

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Bitcoin Exchange OKCoin Withstands DDOS Attacks; Will Compensate Users And Improve Defenses

OKCoin's anti-hacking system was put the test recently when a distributed denial of service (DDOS) attack prevented some users from accessing its platform for a period of time. The digital currency exchange has posted an explanation of the July 10 attack and the actions it took to minimize the damage on its website. It has created a fund to compensate users for losses caused by the attack and has also pledged to increase its investment in countering DDOS and CC attacks. “While no internet service can 100% guarantee it is immune from the effects of DDOS and CC attacks, we […]

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