Bitnation To Provide Block Chain Notary Services To Estonia’s E-Residency Program

Bitnation, a governance service that provides block chain IDs and bitcoin debit cards to refugees, has teamed with the government of Estonia to provide public notary services on the block chain, according to the International Business Times. Beginning in December, people utilizing Estonia’s e-residency program will be able to notarize marriages, contracts, birth certificates and more on the block chain. Estonia’s e-residency program allows anyone to use its online identity service, regardless where they live. The partnership could extend Bitnation’s role as a sovereign entity whereby open source protocol provides a sovereign jurisdiction. Susanne Templehof, Bitnation CEO and founder, said […]

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Prison Phone Profiteer Securus Granted Robocalling Patent

Readers may recall our story earlier this month about Securus, a leading prison telephony provider, being hacked and how the hackers discovered that the company was recording thousands of privileged communications that lawyers had with inmates. The Intercept had received the tip-off, along with the calls, and reported on the subject. Securus defended itself by saying that these lawyers must not have registered their phone numbers with the “service.”

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Glasgow Pub Starts to Accept Digital Currency Scotcoin

The Arlington – a pub in Glasgow will start accepting the digital currency Scotcoin. For now, the cryptocurrency can only be used as settlement for one particular lager. Starting today on St. Andrew’s Day, The Arlington – a Glasgowian pub will start accepting Scottish-based cryptocurrency Scotcoin. The pub is believed to be the first in all of Scotland to allow its customers to pay with the cryptocurrency. As reported by the Herald Scotland, the pub’s Kenny Low admits that the pub will not be paying any worker in Scotcoin, nor buying any of its supplies with the digital currency. However, […]

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Bitcoin Price Profit Offer

Another bitcoin price advance and another successful trade concluded a few hours before this article's publication. Sometimes the simplest indicators yield the easiest intra-day profit while co-located, on-site, algorithm-fuming, HFT bots squeeze little out of the apparently unorthodox bitcoin 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: 14h30 UTC Bitstamp 1-Hour Chart From the analysis pages of xbt.social, earlier today: xbt.social concluded another successful trade earlier - the second for this advance […]

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Greek Banks Targeted by Hackers Demanding Bitcoin Ransom

Authorities in Greece have banded together a special team of cyber sleuths to safeguard Greek banks from cyber-attacks after a malicious hacker group demanded a bitcoin ransom with the threat of further DDoS attacks. In yet another instance of the infamous hacked group ‘Armada Collective’ targeting banks, the online operations of three Greek banks were rendered offline for a few hours last week, in a demonstration of their malicious hacking abilities. The group threated to attack again unless the banks paid a bitcoin ransom before Monday. The deadline is today, as reported by Greek publication Kathimereini. Crazy story this am […]

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Bitcasino.io continues slots expansion with 100 millionth spin

Bitcoin Press Release: Bitcasino.io, the world's first legally licensed and regulated online Bitcoin-only casino gaming and sportsbook operator confirmed that it has reached the platform milestone of their 100 millionth spin for their bitcoin-enabled slots. A spokesperson for Bitcasino.io said, “We are delighted to reach this bitcoin casino industry milestone which further demonstrates the continuing global player demand for using bitcoins for gaming entertainment.  Our players not only seek the best discreet gaming experience with bitcoins, but they want to play as many quality games as possible. We have expanded our gaming portfolio with 30 new games this month to […]

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Bitcoin Price Climbs to 3-Week High to End a Memorable November

The Bitstamp Price Index struck a 3-week high of $383 at 9:22 AM UTC today, soon after a steady increase from Sunday when Bitcoin price to USD opened at $362.75. The late hours of Sunday saw the price jump from $364 at 9:43 PM UTC to $372.38 at 10:55 UTC. Bitcoin price opened Monday, November 30 at $370.95. At the time of publishing, Bitcoin is trading at $375.38. The steady turnaround comes after the frenetic increase earlier this month when the price set records with increased trading from Chinese exchanges playing a significant role with the recent yearly-high. The opening of […]

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Darknet Shopper Bot Back In Business; Who Is Culpable For Illegal Purchases?

Random Darknet Shopper, an automated, online bot that searches the Darknet and buys random items using a weekly $100 bitcoin budget, is back in business following a hiatus last year when it was temporarily confiscated by St. Gallen, Switzerland legal authorities. Last week, the bot, created by a European art group !Mediengruppe Bitnik, purchased a fake Lacoste polo shirt for $35, according to Digital Trends. The bot is programmed to randomly select and buy one item on the Darknet and send it to the art group's exhibition space. The !Mediengruppe Bitnik website describes the shopper as “an exploration of the deep web […]

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BlockApps CEO Likens The Block Chain ‘Sandbox’ To Oracle’s Database Role

BlockApps, a Microsoft affiliate designed to provide an enterprise block chain toolkit to help businesses develop new functionalities, brings to mind the role that Oracle plays in the future of decentralized databases, according to Victor Wong, BlockApps CEO. In an interview with International Business Times, Wong cited Oracle’s role as a database provider as a parallel to BlockApp’s role providing tools such as smart contracts for businesses to use to create new functionalities. Microsoft Enters The Block Chain Arena Microsoft partnered with an Ethereum-based startup, ConsenSys, to deliver block chain as an enterprise solution for clients of its cloud-based Azure […]

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Bitcoin Price Micro Advance or Mini Consolidation?

Bitcoin price surged higher earlier today and then stopped short of printing a new high. At the time of writing, the small advance is retracing and the question is whether it will continue higher, or fall back into sideways consolidation. 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: 14h15 UTC BTCC 1-Hour Chart From the analysis pages of xbt.social, earlier today: xbt.social held back on opening a buy trade today, based on the […]

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E-Coin Bitcoin Debit Card and Multi-Sig Wallet

Getting and using a Bitcoin Debit Card to spend Bitcoins at places where BTC is not normally accepted as a form of payment is a convenient way to spend your crypto coins, so services that offer such capabilities such as E-Coin are getting more and more user attention. We actually have and are using a physical Bitcoin debit card from for quite a while already, but there are always more new options available such as getting a virtual Bitcoin debit card or a physical one from the E-Coin Bitcoin debit card and multi-sig wallet service. The biggest advantage of this service is that you can get a virtual VISA debit card that is powered by Bitcoin in just a few minutes after you register for the service. Then you just send in Bitcoins to your wallet and transfer them to the card and you can spend them for online purchases from around the world where VISA is accepted. When sending BTC to your E-Coin online wallet you just need to wait for 3 confirmations before you can actually use the coins you have sent, so it takes less time than the usual 6 confirmations. At a later time you can either upgrade your virtual card to a physical one, or get another physical card should you need so and it will be shipped to you with either regular or express service.

You can request to get a Bitcoin debit card is either EUR, USD or GBP as a currency. Getting a virtual debit card you normally need to pay $3 USD, and for a physical card $17 USD if you wan the card shipped to you via Royal Mail with standard shipping or $50 USD for express shipping with DHL. The virtual Bitcoin debit card issues to you will be available in a couple of minutes and you can start using it for online payments, while a physical card will take some time to be delivered to you and then you need to activate it before it can be used. There are multiple of ways available for you to pay the fee required to get your Bitcoin debit card such as with Bitcoin from your account, through PayPal, with an existing bank card etc. Once you get your card you would have some limits on the amount you can spend through the card and if you want to increase the limits you will need to go through a verification process to extend the limits. For an EUR Bitcoin debit card you start with a maximum total ATM withdraw limit of 1000 EUR and you can remove this limit once you pass the verification process, there are no limits on POS or Online payments, though the total maximum Bitcoin you can load in the card is the equivalent of 2500 EUR, again removing this limit once you verify. The standard limits are more than enough for you to try out the card and decide for yourself if it is something you want to keep using, so that you will provide identity verification to increase your card’s limits. Do note that one thing specific to the E-Coin Bitcoin debit card is that normally the balance you have in the online wallet is not directly available in the card to be used, you need to “load” the card with the desired amount that you need spending. This way you can get an extra level of security if you loose the card or it gets stolen.

Here are the Bank/VISA fees associated with the Bitcoin debit card regardless if it is virtual or a physical one, the fees are pretty reasonable and the only thing that you need to be more careful with is the “Foreign Transaction Fee” of 3% that you will be charged if the transaction is not in the card’s currency. This means that if you have an EUR card and you purchase something in Euro there will be no extra fees for you, but if you withdraw 100 USD from that EUR card from an ATM you will have to pay 2.25 EUR fee for the ATM transaction as well as 3% extra fee to convert your EUR balance to USD. This foreign transaction fee is something that is available with other similar products like the Bitcoin debit card from E-Coin, you just need to be aware of it when using the card.

Here are the default limits you get for the Bitcoin debit cards either virtual or physical that you can get. The limits for the Unverified do not require any personal documents from the user meaning that you cans tart using your Bitcoin debit card immediately after you register and request the card (for virtual) or as soon as you get the physical card and you activate it. In order to increase the limits of the Bitcoin debit card you need to provide identity documents that must be verified according to AML and KYC regulations – scanned ID and proof of address is required. Once you get verified the limits of the card are pretty high and you should not have any more trouble using the card daily even for more significant amounts.

We have already got a virtual VISA Bitcoin debit card in EURO currency from the service and were pretty pleasantly surprised how fast the card was available for us to use, of course limited to doing only online payments. We have since then requested the virtual Bitcoin debit card to be upgraded to a plastic one and are currently waiting for the physical card to arrive. Meanwhile we can use our virtual card just fine and once we get the plastic card we need to activate it, making the virtual card unavailable anymore as the physical card should be with a different number than the virtual one. We are going to share some more feedback from the service once we ge the physical Bitcoin debit card from E-Coin, but so far we are pretty happy with the service. So if you are in need of a way to spend Bitcoins in a more traditional way with a bank card in places where BTC is nor directly accepted, then you might want to give the service a try.

– For more information about the virtual and physical E-Coin VISA Bitcoin Debit Cards…

Bitcoin Price Locomotive Runs out of Steam

Bitcoin price has failed to maintain advance after putting in a strong surge two days ago. While this does not yet look like a return to decline, price may correct deeply before returning to the upside. 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: 15h00 UTC OKCoin 3Mth 1-Hour Chart From the analysis pages of xbt.social, earlier today: Our xbt.social Buy trade was closed at 00h00 UTC by price pulling below the 1-hour […]

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Bitcasino.io Launches First Video Slot For Bitcoin Players

Bitcoin Press Release: Progressive Bitcoin-only casino gaming and sportsbook operator Bitcasino.io launches the industry’s first video slot for bitcoin players. The company is also excited to announce the launch the Satoshi’s Secret game, an industry first from Endorphina. Bitcasino.io, the world’s first legally licensed and regulated online Bitcoin-only casino gaming and sportsbook operator has announced today that it has integrated the first-ever video themed slot designed for Bitcoin players and expanded its portfolio with the addition of a further 20 games for mobile and desktop. A spokesperson for Bitcasino.io said, We are delighted to launch the Satoshi’s Secret game, an […]

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Bitcoin Friendly PureVPN Celebrates Black Friday and Cyber Monday by Offering 2 Years of Full VPN Protection for Only $49

Bitcoin Press Release: Black Friday and Cyber Monday bring a lot of excitement and joy, but it is also the opportune time for cyber criminals to strike. PureVPN  is now offering clients worldwide 2 years of PureVPN  and a 2 year SmartDNS subscription for only $49. Hong Kong, November 25, 2015 — Favored by more than a million users globally, PureVPN has identified a number of serious security threats for internet users during the holiday season, especially on Black Friday and Cyber Monday. While a lot of people are opting for PureVPN to enjoy Netflix and other streaming channels around […]

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E-Commerce Retailer Fonq.nl Accepts Bitcoin As The Netherlands Continues To Embrace Cryptocurrency

One of the most powerful forces driving the use of bitcoin as a currency is ecommerce, and one of the world's most bitcoin-progressive countries is the Netherlands. Hence, it comes as no surprise that one of the Netherlands most prominent ecommerce merchants, Fonq.nl, now accepts bitcoin. Go to www.fonq.nl and you can purchase gifts, housewares and fashion merchandise using bitcoin in addition to a number of other payment options. Shoppers can pay with iDeal (an online payment service), credit card, PayPal and bank transfer, post-delivery, and now bitcoin. The fact that the Dutch ecommerce retailer didn’t make a big splash about […]

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Bitcoin Price Pushes Above $360

Bitcoin price was traded above yesterday's high in energetic trade today. The size of component price waves is both larger and more volatile than what we saw earlier this year, or even earlier this month. 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: 14h00 UTC OKCoin 3Mth 1-Hour Chart From the analysis pages of xbt.social, earlier today: If the Fib lines at $377 (OKCoin 3Mth) and 2300 CNY give way, then the next […]

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University Student Body Mulls over Blockchain Voting System

Students at West Virginia University (WVU) have proposed an innovative blockchain-based voting system for the university’s upcoming Student Government Association (SGA) elections. The Student Government Association in WVU is currently debating the notion of using blockchain-based voting at polling stations as opposed to legacy voting machines, according to The Daily Anthenaeum, the student-run university newspaper. The newly proposed voting system is based on an iPad application that would allow students to vote for the next President and Vice President of the Student body. Students running for the positions are expected to announce their candidacy on December. The blockchain-based voting platform […]

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Bitcoin Cloud Mining Provider Genesis Mining Reaches 100,000 Customers, Announces Black Friday Discount

Genesis Mining, the world’s leading bitcoin cloud mining provider, announced their most significant milestone yet today: the acquisition of their 100,000th customer. Since launching in early 2014, Genesis Mining has separated themselves from the competition with their dedication to transparency, community activism, and constant innovation, which has allowed the company to scale faster and more effectively than many other companies in the industry. In July of this year, the company announced Genesis Hive, a tool that provides enterprise-level cloud mining management to mining companies and providers. In August of this year the company announced Life Inside a Bitcoin Mine, which […]

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Bank of England, Europol Seek Interns with Blockchain Experience

Both Bank of England and Europol are seeking interns with knowledge of Bitcoin and the blockchain. The announcements, which indicate an increasing awareness of the technologies among European government institutions, follow last month's ruling by the European Court of Justice that Bitcoin transactions are exempt from VAT. Bank of England will select their interns through an open competition in which university students are invited to submit proposals for new uses of the blockchain. Applicants are invited to work in groups of up to six people to identify new kinds of businesses or products that can be created with the blockchain […]

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Swift Institute: Problems And Progress Regulating Cryptocurrencies

As cryptocurrencies have expanded as a medium of exchange, governments worldwide have struggled with how best to regulate them. While one of the draws of cryptocurrencies is that they are less regulated than traditional currencies, problems associated with these currencies (such as financial crimes and terrorist financing) have encouraged governments to develop regulations. A recent report by the SWIFT Institute summarizes regulatory initiatives to date and identifies some of the problems that governments encounter in attempting to regulate cryptocurrencies. The 77-page paper, titled “The Evolution of Third Party Payment Providers and Cryptocurrencies Under the EU’s Upcoming PSD2 and AMLD4,” summarizes […]

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Ex Barclays' Chief: Fintech Will Significantly Disrupt Banking Sector

The former Group CEO of Barclays, Anthony Jenkins, predicts a future within the next ten years wherein financial technology or fintech will substantially disrupt traditional banking systems and the banking industry as a whole. He is convinced banking installations and those employed in banking institutions will be reduced by at least 20% in the coming ten years, if not up to as much as 50%. Anthony Jenkins, former CEO of one of Barclays, the UK’s second biggest bank in assets after HSBC has predicted an “Uber-like” disruption from the Fintech sector to come crashing down on the current banking industry. […]

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Bitcoin Price Surge Hits $360

Bitcoin price continued advance today in a strong surge that hit $360. At the time of writing price is drawing back as the market comes to terms with the day's 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: 14h00 UTC OKCoin 3Mth 1-Hour Chart From the analysis pages of xbt.social, earlier today: Price pushed higher in a manner that is characteristic of strong advance. However, initial surges during advance are often […]

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Bitcoin-Friendly NextBank Receives $1.4 Million, Calls Off Crowdfunding Campaign

NextBank, which bills itself as the first bitcoin-friendly bank and is slated to open in 2016, announced that it has received $1.4 million for 4% of the company from two venture capitalists in Europe and has called off its crowdfunding campaign. Crowdfunding investors can choose to be minority investors or have their contributions refunded. CCN reported last month that NextBank received $0.95 million in private venture capital and was accepting early registrations. The new investment brings the total investment $2.35 million USD. The company will continue to seek funding through venture capital avenues to “ease concerns of the public,” according […]

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Bitcoin Cloud Mining Provider Genesis Mining Reaches 100,000 Customers, Announces Black Friday Discount

Genesis Mining, the world’s leading bitcoin cloud mining provider, announced their most significant milestone yet today: the acquisition of their 100,000th customer.

Since launching in early 2014, Genesis Mining has separated themselves from the competition with their dedication to transparency, community activism, and constant innovation, which has allowed the company to scale faster and more effectively than many other companies in the industry.

In July of this year, the company announced Genesis Hive, a tool that provides enterprise-level cloud mining management to mining companies and providers.

In August of this year the company announced Life Inside a Bitcoin Mine, which gives users the ability to watch a live stream directly from one of the Bitcoin mines the company operates in Iceland.

In September of this year, the company announced the launch of X11 cloud mining, a service that allows customers to mine via an alternative algorithm.

And in October of this year the company announced their U.S.-based Bitcoin advocacy campaign aimed at raising awareness about Bitcoin for mainstream audiences. The campaign launched in San Francisco, Los Angeles, Miami, Boston, and Chicago and featured a variety of creative taxi ads, billboards, and street signs.

To celebrate this important milestone, lucky customer number 100,000 will receive $1,000 in free hashpower. Additionally, Genesis Mining will be giving all customers a discount of 11% for all orders purchased on Black Friday.

Marco Streng, CEO and Co-founder of Genesis Mining, stated, “We are truly thrilled and honored to reach this milestone. We focus a tremendous amount of our efforts on customer service and reaching this goal is directly related to our dedication to ensuring their satisfaction. 100,000 customers is amazing but we already have our sights on a much larger goal for 2016: 500,000 happy customers.”

Genesis Mining plans to continue their creative marketing efforts and dedication to product development over the upcoming year and will be announcing new products, services, and marketing campaigns very soon.

Newsflash: Bitcoin Price Leaps $40 to Touch $369 Today

Having broken out of a wedge pattern, Bitcoin price quickly gained momentum and galloped to hit a high of $369 today. The Bitstamp Price Index started the day at $328.90 and quickly rose through the morning to peak at $367.44 at 12:40 UTC today, November 26. The figure represents a two-week high with Bitcoin price last seen at the $350 mark on November 10, with Bitcoin price hitting a monthly low of $300.30 the next day. Bitcoin price struck a high of $502 this month with multiple factors such as an outflow of capital away from China, increased trading among […]

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You Don't Really Own Your Hardware: The War on Electronics Repair

The ways that companies like Apple try to extract more cash from their customer base are many. The notion of planned obsolescence is defined by the Oxford dictionary like so: A policy of producing consumer goods that rapidly become obsolete and so require replacing, achieved by frequent changes in design, termination of the supply of spare parts, and the use of nondurable materials.

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Bittunes Looks To Bitcoin To Transform Music Industry

Bittunes has a simple approach to how the blockchain can transform the music industry. While other music oriented startups in the field remain very focused on technology driven solutions, Bittunes wants to initially focus on the problem: the way the music industry is today. “We have tried from the beginning to keep things as simple as possible,” Bittunes managing director Simon Edhouse tells CCN. “This has been for a number of reasons. Ultimately we believe the challenge for adoption of 'new to market' systems like this is not so much a technical one but rather, it is related to developing […]

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Bitcoin Black Friday On Track For Record Spending In Fourth Year

Looking for some good holiday shopping deals using bitcoin? This Friday will mark the biggest single day of spending for bitcoin merchants when Bitcoin Black Friday returns for the fourth straight year. More than 150 online merchants will offer discounts offered exclusively to bitcoin users. Shoppers will be able to buy all of their holiday gifts in bitcoin. Bitcoin Evangelist Jon Holmquist launched the event in 2012 and with the help of various businesses and bitcoin investors. The bitcoin community grew it into the event it is today. Discounted items will include gifts such as comic books, hot sauce, VPNs, […]

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Global Economic Outlook: Why Is The Fed Raising Interest Rates?

Market expectations of a December Fed rates hike are running high (at the time of writing the US Dollar Index had just breached 100 points). The question about why there is a need for higher interest rates is missing from the market and media discourse, so today's Global Economic Outlook considers the reasons for this central bank action. 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 23 November US Fed Announcement Tue 24 November US Prelim GDP […]

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Malicious Hacker Tries to Extort Bank for $3 Million in Bitcoin

An unknown malicious hacker has successfully breached a Sharjah, UAE-based bank of its customer statements and records. Over the past few days, the hacker has released the confidential data via social media after the bank refused to give in to the hacker’s extortion. A cybercriminal who goes by the alias ‘Hacker Buba’ (yes, really) has – for the past week – held a bank in Sharjah, UAE to ransom. The hacker blackmailed the bank to pay a ransom in Bitcoin and the failure to do so will lead to the public leak of the bank’s customers’ account statements. Customers include […]

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Bitcoin Price Breaks Out

Bitcoin price has broken out of a consolidative wedge pattern and the upside is wide open if price can maintain momentum. 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: 15h00 UTC BTCC 1-Hour Chart From the analysis pages of xbt.social, earlier today: Two trendlines (blue) that had contained price during the past few weeks have been breached - to the upside - and price is currently retesting a long-term Fib line in the […]

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What are the differences between CFD & Spread betting?

When it comes to investing in companies, the first port of call is often the stock market. A stock market is where different investors can buy and trade shares in listed companies with the hope of making a profit from dividends and rising prices. Investing in companies through shares is just one of many ways to get involved with the market. You can also gain access through funds, investment trusts, enterprise investment schemes and venture capital trusts. Buying shares is a relatively simple concept, you own a portion of a company and benefit if its share price rises and lose […]

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Kynetix Launches Blockchain Consortium for Commodities Markets

Kynetix, a post-trade technology company, is putting together a consortium to look into the use of distributed ledger technology in commodities markets. UK-based Kynetix, a firm that deals in commodity post-trade technology platforms has launched a consortium focusing on integrating blockchain technology into commodities post-trades and mainstream financial services. The firm announced an inaugural meeting to take place in London today wherein 15 major commodity exchanges, investment banks, brokers and clearing houses will collaborate in bringing blockchain to the physical economy. Kynteix did not reveal the identities of the 15 participants in a press release [PDF]. In the same release, […]

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Bitcoin Bank NextBank Halts Public Crowdfunding Process, Receives 2.35 Million USD Total In Seed Investment Capital

Bitcoin Press Release: The World’s First Bitcoin bank NextBank has stopped their public crowdfunding campaign. All those that have contributed small amounts to the $2.35 million fund will be minority shareholders or will be refunded in full. The vast majority of the fund comes from private angel investors. The world’s first Bitcoin bank NextBank has confirmed that they have received $1.4 million in funding for 4% of the company from 2 venture capitalists from Europe this week. NextBank has previously received $0.95 million in private VC investment bringing the total investment capital to 2.35 million USD. NextBank has now stopped […]

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Bitcoin Trading Platform eCoin.eu Launches Instant Bank Transfer For European Customers

Bitcoin Press Release: Bitcoin and Litecoin trading platform eCoin.eu has recently launched instant bank transfer for some European customers; enabling them to instantly buy Bitcoin and other cryptocurrencies with funds in their bank account. On November 01, 2015 eCoin.eu together with Online Bank Transfer launched an instant funds deposit service for customers registered in Germany, Austria, France, Italy and Spain. Every customer from the above-mentioned countries possessing an e-Coin account can instantly transfer money from their local bank account and buy any cryptocurrency including Bitcoin. The process has been designed to take the least possible time and works smoothly. In […]

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XMLGold Launches Instant Bank Transfer For Buying Bitcoin

Bitcoin Press Release: Established in 2000, Digital Currency trading platform XMLGold is pleased to announce a new Instant Bank Transfer service for clients wishing to buy Bitcoin and other cryptocurrencies. XMLGold, the cryptocurrency exchange services provider, is famous for its reliable attitude to every customer and every transaction. It provides customers many interesting and very useful services. XMLGold clients can buy and sell Bitcoin and other types of cryptocurrency withdraw their earned money to their bank card and so on. Moreover, XMLGold clients can now use instant money transfer service launched together with Online Bank Transfer in November 2015. This […]

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Crypto-games.net Offers a Collection of Supreme Games for Crypto Gamblers

Bitcoin Press Release: Crypto-games.net invites gamblers from all over the world to take advantage of their low-edge online Dice, Blackjack, Lottery and Slot machine games, in which they are offering everyone an opportunity to gamble online with cryptocurrencies (such as Bitcoin, Litecoin, Dogecoin, Dash, Gamecredits, Peercoin and Gridcoin) both, securely and anonymously. This online gambling site also offers the feature to invest in their house bankroll. Bitcoin gambling has been gaining momentum for the past few years and we can surely expect more and more bitcoin casinos to launch in the near future. It now poses as a threat to […]

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PSA: Cryptsy Down, Claiming DDoS

For nearly twelve hours, Cryptsy.com, an elder “alt coin” exchange which has been the subject of semi-regular community outrage for various reasons, has been inaccessible. According to one of the exchange's proprietors, Paul Vernon, the site has suffered a DDoS attack not unlike the one CCN has been experiencing as of late. The difference is that CCN has managed to come back online in a matter of a couple hours, not half a day. More importantly, CCN isn't holding onto anyone's money. Cryptsy has recently had other serious issues as regards its wallet servers, which it is claiming will have […]

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Are You Ready for the Bitcoin Black Friday

Black Friday is almost here and Bitcoin users should also prepare for some nice deals and discounts for various crypto currency related items and not only. The website Bitcoin Black Friday is dedicated to collecting various deals that should go live on November 27th 2015 (Black Friday), so you might want to check it out in a few days when things get hot. Meanwhile the website is still accepting merchants that want to offer a good deal to users for the Bitcoin Black Friday, so there is time for getting your deal listed if you want to have something special for Black Friday customers. The dedicated website expects that over 2000 merchants will take part in this year’s Bitcoin Black Friday.

– To visit the dedicated Bitcoin Black Friday website for more details…

Islamic State Probably Isn't Using Bitcoin And, If So, They're Dumb

News that Bitcoin can be tied to the Islamic State circulated on the internet in the wake of the Paris attacks. European Union leaders even held a so-called “emergency meeting” on virtual currencies themselves, reportedly investigating how to better control the currency. To be sure, evidence that the Islamic State uses Bitcoin in any significant manner is non-existent, the claims specious at best. Researcher Nicholas Weaver, from the Berkeley-based International Computer Science Institute, is aware of no evidence that the Islamic State uses Bitcoin. “There was a recent material support plea against a Jihobbiest in the US where, among other […]

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CoinSource Installs Its Second Bitcoin ATM In The New York City Area

CoinSource, a bitcoin ATM (BTM) network, announced the first BTM in New York City’s Lower East Side at 61 Delancey Street. Located within the N&N Delancey Smoke Shop, the BTM marks CoinSource's second New York City area installation and joins a national network of bitcoin BTMs stretching from San Diego, Calif. to Las Vegas, Nev. to New York City. The machine is made by San Diego, Calif.-based GenesisCoin. It is a one-way ATM, providing cash for bitcoin only. An Ideal ATM Location “The Lower East Side is one of the trendiest neighborhoods in Manhattan, with hundreds of thousands of visitors per […]

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Quantum Physicists Are Working on 'Unbreakable' Cybersecurity Systems

A group of physicists in Australia's capital city of Canberra are looking away from crypto-based mathematics encryption to work on encryption based on the laws of physics, or more specifically – quantum physics. This form of encryption is deemed ‘unbreakable’.

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Bitcoin Trading Into The Blue Corner

Bitcoin trading finds itself in crushing indecision, once again, as the looming macro-economic crisis confounds both bulls and bears. Its not so much about what the Fed will say on December 16, but about what exactly rising rates and a US dollar rally means for bitcoin. Or could this be the onset of the XT co-option blues? 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: 14h15 UTC BTCC 1-Hour Chart From the analysis […]

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Coinsilium Has IPO Extended, Likely to Go Public in Early 2016

Coinsilium, a bloackchain venture investment firm has had the public listing of its shares on ICAP’s Securities and Derivatives Exchange (ISDX) delayed until at least January 2016. Based in the Level39 Fintech Accelerator space in London’s Canary Wharf, Coinsilium advises Bitcoin- and blockchain-based startups, besides investing in them. As reported by Finance Magnates, the firm was scheduled to go public on the London Stock Exchange originally in August 2015. However, Executive Chairman Cameron Parry cited more favorable listing requirements to switch the listing over to ICAP’s ISDX. Coinsilium was launched in 2013 by the founders of Seedcoin. The firm is […]

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’60 Minutes’ Highlights How Mobile Payment Service M-Pesa Has Changed Life In Kenya

Regular followers of mobile payment technology know that Kenya stands as one of the most successful mobile payment stories, thanks to the widespread use of the M-Pesa mobile payment service in that country. Kenya’s success in this area jumped onto the global spotlight this week thanks to a report on CBS-TV’s “60 Minutes.” Whether or not the "60 Minutes" segment, which gave an overview of how average Kenyans are conducting mobile commerce using their smartphones, catapults M-Pesa as a mobile payment service remains to be seen. The report explores the many benefits that mobile commerce can bring to a developing country, but […]

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Titcoin and Coinspin Nominated for Adult Entertainment Awards

Cryptocurrency Titcoin and adult payment provider Coinsnap have been announced as finalists at the 2016 XBIZ Awards. The XBIZ Awards are a prominent adult entertainment awards ceremony managed by XBIZ, which publishes news and information on the adult entertainment industry. Over the last couple years, cryptocurrencies and other alternative payment systems have been gaining traction in the adult entertainment industry. One factor in this trend has been Operation Choke Point, a program in which the Department of Justice has teamed up with banks to limit access to financial services for businesses selling certain “high-risk” products like pornography, gambling, tobacco and […]

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Australian Miner Bitcoin Group’s IPO Postponed Again

Australia-based startup and bitcoin miner Bitcoin Group is facing another delay in its quest to be the world’s first listed Bitcoin company. Bitcoin Group has reissued its prospectus for the third time after facing a requirement from the Australian Securities and Investments Commission (ASIC) to appoint an “appropriately qualified independent expert.” The requirement comes after the commission requested the expert to look into details of the “bitcoin mining equation” that was established in the second prospectus. In a press release, Bitcoin Group has announced the IPO offer period to extend to 8 January 2015. The ASX listing is now scheduled […]

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Extortionists Target CCN in a DDoS Attack; 5 Bitcoins Bounty

CryptoCoinsNews and sister-site Hacked have both been targeted in a DDoS attack by extortionists demanding a bitcoin payment. The extortionists also claimed further threats in exchange for a ransom. CryptoCoinsNews, a prominent resource and news outlet for readers looking into bitcoin-, alternative currencies-, block chain-, and fintech-related news was the target of a DDoS attack earlier this morning. One of the extortionists, going by the name ‘Jon’, sent in an email demanding 2 Bitcoins to reveal ‘fatal security vulnerabilities’ on the website while threatening to contact our advertisers to let them know the websites are down. However, all we had […]

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Drone Whistleblowers Kicked Out of Fiat System – Consider Bitcoin?

According to National Security and Human Rights lawyer Jesselyn Radack, a group of her clients is being ostracized from the fiat financial system as a result of blowing the whistle on certain aspects of the US government's drone program. Taking to Twitter to complain, she asked if anyone had any suggestions. Soon, Bitcoiner Rey Poullard had suggested the new Coinbase debit card – apparently not seeing the irony, since one cannot have a Coinbase account without a bank account. Nevertheless, for the purposes of moving money around, Bitcoin could still be of use to these patriots. Although they'll have difficulty […]

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Bitcoin Trading At Previous Price Ceiling

Bitcoin trading has brought price back up to the previous resistance ceiling near $330 and 2100 CNY. The chart is inconclusive and until we see the market take direction the sideways consolidation may continue. 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: 12h15 UTC BTCC 1-Hour Chart From the analysis pages of xbt.social, earlier today: Continuing sideways consolidation - apparently around the diagonal grey trendline - prevents price from moving very far in […]

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India’s Prime Minister Urges Global War On Terrorist Funding At Asset Recovery Conference

The Paris attacks last week were a reminder that terrorists possess remarkable adaptability in generating the finances to fund their activities, India’s Prime Minister Narendra Modi said in New Delhi on Wednesday at the 6th Global Focal Point Conference on Asset Recovery, according to The Hindu. Delegates from more than 30 nations attended the three-day conference at Vigyan Bhawan, New Delhi. The meeting was organized by INTERPOL, India’s Central Bureau of Investigation (CBI) and the World Bank - United Nations Office on Drugs and Crime (UNODC) StAR (Stolen Asset Recovery) Initiative. The conference provides participants acting as national “focal points” […]

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Coinbase Launches First Bitcoin Debit Card In The U.S.

Coinbase has introduced what it claims is the first U.S.-issued bitcoin debit card, the Shift Card. This is a VISA debit card that allows Coinbase users in 24 U.S. states to spend bitcoin online and offline at more than 38 million merchants worldwide, the company announced on its website. Coinbase noted that merchant adoption of bitcoin has increased in recent years, but it’s still difficult for many people to make regular purchases with bitcoin. Purchasing gasoline or groceries at local outlets has not been possible in most U.S. cities. The Shift Card now makes this possible. How To Get A […]

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Shift Card, a Bitcoin Powered VISA Debit Card for USA Users

The Bitcoin payment processor Coinbase has just introduced the Shift Card which is essentially a VISA Debit Card that currently allows Coinbase users in twenty-four states in the U.S. (for the moment) to spend Bitcoin online and offline at over 38 million merchants worldwide just like they would with a normal VISA card. With the Shift Card, you can now spend Bitcoin anywhere in the world that VISA is accepted with the amount of BTC coins deducted from your Coinbase account. It seems however that the Shift Card is a partnership with Coinbase and not their own product, so you need to link your account and authorize a payment of the $10 card issuance fee (will be paid in Bitcoins).

Currently the eligible states where users can apply for a Shift Card are: Alabama, Arizona, California, Delaware, District of Columbia, Georgia, Idaho, Iowa, Kansas, Maine, Mississippi, Nebraska, Nevada, New Jersey, North Carolina, North Dakota, Oklahoma, Pennsylvania, Puerto Rico, South Dakota, Texas, Vermont, Washington and West Virginia. With a beta test for California that is limited to the first 1000 applicants​. Other states can be added later on, so if you are interested in the product you might want to keep an eye on the list.

By default, the daily spending limit for the Shift Card is $1,000 USD. You can lower this limit to any amount below $1,000. The daily ATM withdrawal limit is $200 USD. There is no annual fee, no fee for domestic payments, however there is 3% for international ones, there is a $2.50 USD fee for domestic ATM withdraws and $3.50 USD for international ATM withdraws. So it seems that the target users for the Shift Card are USA customers that plan to spend Bitcoins for domestic payments and not withdraw BTC to USD on an ATM or use the cards abroad.

Since the Shift Card is limited to only certain states of the USA, if you live in a non supported state or in a different country there are other alternatives for debit cards that are backed by Bitcoin that you might want to check out. We have been using a VISA debit card powered by BTC linked to our Xapo account for a while already and are quite happy with the results. Another alternative is the service E-Coin that is essentially an online Bitcoin wallet along with a Bitcoin debit card linked to it and you can get either a virtual debit card or a physical one, though we have not yet tested the service we are soon going to. Another interesting alternative is the Gold-backed debit card from BitGold where you can purchase Gold with Bitcoin and still fund your card with BTC, even though your account balance will be in Gold.

– For more details about the Shift Card VISA debit card that is powered by Bitcoins…

Bitcoin Price Indecision Weighs Down Chart

Bitcoin price was eagerly sold to a low just above $300 before advancing away from it in equally enthusiastic trade. Apparently stuck in a rut above the $300 security blanket level, the market may not move significantly until the Fed fires the lift-off starter-gun in December. 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: 14h09 UTC Bitstamp 1-Hour Chart From the analysis pages of xbt.social, earlier today: Price corrected downwards, early today, to […]

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Hawaii Wary of Bitcoin Legalization

Although a number of proposals have been put forth by bitcoin exchanges, Hawaii’s Division of Financial Institutions is debating if Bitcoin ought to be legal. Hawaii is currently debating proposals put forth by a number of applicants looking to become ‘money transmitters’ or bitcoin exchanges, according to Iris Ikeda, the commissioner of financial institutions in Hawaii. The Pacific Business News reports that the state’s Division of Financial Institutions ‘has strong reservations’ about bitcoin, a cryptocurrency that is currently illegal for tender in the island state. Speaking to the PBN’s Kathleen Gallagher, Iris Ikeda, the Division’s commissioner said: We are looking […]

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Gigabyte GTX 970 WF3 With Different Versions of ccMiner SPMOD

Since we’ve been closely following the development of the different ccMiner forks and have been compiling Windows binaries for most of the updated versions we have decided to do an interesting test. We have picked up the last 20 releases of the ccMiner SPMOD fork for Maxwell and tested them on a Gigabyte GTX 970 WF3 GPU running at stock frequencies to see what has happened with the hashrate in the X11, Quark, NeoScrypt and LyraREv2 algorithms. The first version we tested with ccMiner 1.5.53-git SP is from early July and looking at the results it seems that the most notable improvement is with Quark as well as some slight improvement with X11. Lyra2REv2 support has been added in release ccMiner 1.5.60-git SP, so there are no results prior to that, it seems however that the initial versions and the last one have pretty much the same hashrate with some drop with some in-between versions. The NeoScrypt hashrate hasn’t changed much, there is some slight variance with different versions probably due to the Boost frequency of the GPU variating a bit. Do note that these are results with publicly available and open source code, there could be some higher performance private miners also available…

5 More Banks Join R3's Global Blockchain Consortium

The global consortium of major banks and financial institutions looking to tap into block chain technology and headed by New York-based technology firm R3 has five more banks joining the ranks, bringing to a total that now figures 30 global banks. Blockchain startup R3’s initiative to use blockchain technology in financial markets now has five more participants in a group that contains the world’s biggest banks. BSNP Paribas, the Canadian Imperial Bank of Commerce, ING, MacQuaire and Wells Fargo are the newest members in the consortium that now stands at 30 global financial institutions in total. In a press release, […]

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Ben Bernanke Is Worried Terrorists Could Use Bitcoin

Former Federal Reserve chairman, Ben Bernanke, believes the technology behind Bitcoin is interesting, but threats from terrorists make it a problematic payment solution. Anonymity is a “bug," he claims. In an interview with Quartz, published November 19, Ben Bernanke opened up about Bitcoin. “It’s interesting from a technological point of view. We’re in a world where the payments system is evolving quickly and new approaches to managing payments are proliferating, and some of the ideas around bitcoin will no doubt be useful in doing that,” the former Federal Reserve chairman stated. Read More: Bernankoin Mocks Former Fed Reserve Chairman “But […]

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Chamber Of Digital Commerce Urges G7 Not To Overreact To Paris Attacks By Stifling Bitcoin

The Chamber of Digital Commerce (CDC), based in Washington, D.C., has urged the Group of Seven (G7) nations not to enact virtual currency regulations that will stifle innovation in seeking to prevent future terror attacks like the one in Paris last week. The CDC is concerned that the G7 countries want to restrict virtual currencies because they suspect Islamic State terrorists used and continue to use bitcoin. Stifling digital currency innovation would be counterproductive for law enforcement, according to the CDC. It claims the block chain offers law enforcement an important tool for investigating criminal activity. European Union To Meet Today […]

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Telegram Blocks 78 ISIS-Related Communication Channels

Popular encrypted messenger application Telegram has confirmed that it has blocked 78 ISIS-related public channels across 12 languages on its network.

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Ghash / CEX Scaling Back Mining Pool

This time last year, CEX.io and its Ghash.io were a force to be reckoned with. The company had achieved nearly 51% of Bitcoin mining, albeit not directly but through the use of a pool. While allegations never were too loudly amplified that the company would use the power to conduct 51% attacks against the Bitcoin network, many were concerned about the decentralization of mining. The company was also the target of DDoS attacks as a result of its unapologetic approach to centralizing hashing power. Over the course of this year, however, the company has dropped off in importance, at least […]

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Bitcoin Gambling Guide Delivers Dynamic, Upgraded Features

Bitcoin Press Release: Bitcoin Gambling Guide becomes every Bitcoin player’s one-stop shop with the set of upgraded features available around the clock to users across the globe. With the recent website revamp, the industry leader launches with the much improved functions and services directed at a dynamic, harmonious, and revolutionary Bitcoin gambling experience. Bitcoin Gambling Guide continues to be the premier source of information about Bitcoin gambling websites, games, software, and many more. More than being a resource website when it first launched, it gives players the power to be in control by enabling them to sign up for an […]

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Bitcoin Trading Remains Cautious

Bitcoin trading has kept within a narrow range for the past three days, swinging price between $314 and $345. Intermittent sell-offs are followed by slower periods of buying, and for now there is no clear end in sight for this cautious cycle. 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 Trading and Price Analysis Time of analysis: 13h02 UTC OKCoin-3Mth 1-Hour Chart From the analysis pages of xbt.social, earlier today: Slow price action, and the outlook for the […]

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Breaking: European Union Crisis Meeting Planned to Call for Control of Virtual Currencies after Paris Attacks

Interior and justice ministers from the European Union have organized a crisis meeting this Friday to plan an effective crackdown of anonymous payment method and virtual currencies to curb terrorism funding. In a direct reaction to the recent Paris terror attacks, European Union countries have planned an emergency meeting this Friday in Brussels, Belgium, to convene and collaborate on ideas to implement and strengthen controls over electronic and anonymous payment methods. A draft conclusion obtained by Reuters notes that EU ministers will urge EU’s executive arm – the European Commission to enforce new measures. An excerpt from the draft read […]

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R3 Group Paper: Colored-Coin Watermarking Won’t Secure Off-Chain Assets

R3, a  bank consortium working to create industry standards for using block chain technology in banking, has released a paper claiming efforts to modify public block chains to secure off-chain assets using colored coins and metacoins do not provide secure, legal settlement finality of those assets. Titled “Watermarked Tokens and Pseudonymity on Public Block Chains,” the paper argues that a distributed public ledger that secures off-chain assets cannot be both legally authoritative and censorship-resistant. Written by R3 researcher Tim Swanson, the 78-page paper goes into a lot of detail on this very complex subject. To achieve the goal of issuing, […]

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Leading Bitcoin Sportsbook mBit Casino Report An Increase In Bitcoin Bettors After Restrictions On US Bookmakers

Bitcoin Press Release: mBit Casino noticed an increase in demand for their sportsbook service on mBitCasino.com since the New York Attorney General announced restrictions on US bookmakers. As the New York Attorney General announced that the state would be shutting down the “illegal gambling operators” DraftKings and FanDuel, New York bettors have been left behind pondering their next move. With both organizations filing law suits seeking injunction against the order, this appears to be a long, drawn out battle over rights to operate in one of the most populated regions of the world leaving bettors around the state in limbo. […]

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ISIS' Digital Caliphate Going Dark - Darknet, That Is

The digital propaganda machine of ISIS has run into trouble staying afloat on the clear net, and so like most other banned information, they're heading to the deep web. While this may severely limit the ability of the group to dutifully indoctrinate new members who aren't skilled in the arts of Tor, the group hopes the sites will at least stay online.

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Bitcoin Machine Turns One Year Old In New Hampshire, Symbolizing The Libertarian Free State Movement

A bitcoin vending machine in front of a store in Keene, N.H. turned a year old last week, drawing people from throughout the region, according to the Concord Monitor in Concord, N.H. The machine, which could be the only public bitcoin vending machine in New England, draws attention from its association with the libertarian Free State Movement. Ian Freeman, a member of the Free State Project who hosts a live talk show, says people drive up from Boston, Mass. and New York City since the machine is the only pubic bitcoin machine anywhere in New Hampshire, Massachusetts, Vermont, Maine or […]

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Bitcoin Price Holds Above $300

As quickly as bitcoin price had dropped below it, the $330 level has been reclaimed and is currently supporting an unsure sideways price pattern. The outlook turns cautiously optimistic, but we see from similar price action, during September, that at least one more drop lower could happen before any return 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: 14h24 UTC BTCC 4-Hour Chart From the analysis pages of xbt.social, earlier today: […]

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UBS' Blockchain-Based 'Digital Coin' Gains Funds Raised by Partner Clearmatics

The utility settlement coin developed by Switzerland-based UBS in partnership with Clearmatics Technologies has gained its first round of funding thanks to UK-based Clearmatics. The initiative to link real-world fiat currencies with central bank accounts through a ‘settlement coin’ gained traction after Clearmatics completed its first round of funding. The blockchain-based settlement coin, dubbed ‘digital coin’ is seen as a means to help establish the block chain in global finance and change the global payment system. As reported by Bloomberg, investors include Nyca Partners, Route 66 Ventures LLC and Tellurian Capital Management, among others. Clearmatics founder and CEO Robert Sams […]

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Global Economic Outlook: Japan, US Dollar

With the central bank of all central banks approaching a rate lift-off, the US dollar is rearing to spring into a multi-year rally. Meanwhile, central banks in Europe, China and Japan continue devaluing their currencies in a last ditch attempt to spur inflation before the inevitable rates hike constricts global credit. Today's GEO considers economic conditions in Japan and takes a look at the US dollar chart. 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 Sun 15 November […]

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Mining Sweden with New Promo Codes and Lottery

The Mining Sweden Bitcoin cloud mining service has announced a lottery where existing customers of their S7 VIP shares as well as new ones that purchase such by the end of the month can win some extra mining shares. Along with the lottery there is a new temporary promotional code available that can be used only for for VIP shares that gives you 15% discount from the original price, you need to enter the coupon code MS-15 during checkout to get the extra discount. Do note that the 15% promo code will be active for a limited period of time, after that only the MS10 coupon for 10% discount will be valid. We have been using the service since May and there have been no problems and we are happy with what we’ve been getting from it.

Existing owners of S7 VIP mining shares are able to win 5 S7 VIP Shares extra if they find their username listed on a product page on the website, but if you see your username listed you will need to send an email to the service operator in order to claim the bonus. For new purchases of VIP shares every order for a pack of 10 VIP S7 Shares gives you 1 lottery ticket, 50 VIP S7 Shares get you 7 tickets and 100 VIP S7 Shares will get you 15 tickets for the lottery that will be drawn on the last day of the month. If you purchase VIP shares with Bitcoin you will also be added in an extra draw for 25 additional VIP S7 Share Pack. So what you can win is 1st prize with 100 VIP S7 Share pack, 2nd prize is 50 VIP S7 Share pack, 3rd prize is 25 VIP S7 Share pack plus 25 VIP S7 Share pack if your order is with Bitcoin.

– For more information about the service and to start cloud mining Bitcoins with Mining Sweden…

Taiwanese Regulators Now Take a Refrained Approach to Bitcoin

Following recent reports wherein the Taiwanese Financial Supervisory Commission (FSC) Chairman deemed Bitcoin deemed bitcoin illegal, the FSC and the country’s central bank now vide the cryptocurrency as a commodity. The two authorities will also step back from trying to manage bitcoin transactions. The stance is certain to be met with relief among Taiwanese bitcoin adopters. The chairman of the Taiwan’s FSC, Tseng Ming-Chung has today confirmed that the regulator and Taiwan’s central bank now see Bitcoin as a commodity while noting that the two agencies will refrain from trying to regulate or manage bitcoin adoption in the country. As […]

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BitBond Unveils a Bitcoin Version of “the Big Mac Index”

The Economist's Big Mac Index is a financial instrument almost thirty years old, built on the theory of the Purchasing Power Parity. PPP essentially means that, over time, currency exchange rates should equalize such that identical goods cost roughly the same in any two countries. It is used to measure the value of currencies in that if more of a currency is required in one country than another to get the same thing, the local currency is undervalued by a certain percentage. The Big Mac Index uses a McDonald's Big Mac as its measuring stick. It currently allows for the […]

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London Stock Exchange, Banks and Trading Firms Create Blockchain Group

Several prominent exchanges, trading firms and banks have come together to set up a blockchain-based settlement group that could significantly transition the current securities market in the way of settling securities trades. A group comprising of the London Stock Exchange, UBS, the CME Group, Societe Generale, LCH.Clearnet and Euroclear have formed an initiative to look into the possibilities of bringing blockchain technology to securities trading. As reported by the Financial News, sources familiar with the group have confirmed three meetings that have already taken place in recent months. A steering committee has also been formed to help with the process, […]

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Coin.mx Operator Anthony Murgio Pleads Not Guilty To Money Laundering

Anthony Murgio, a Florida man charged with operating an illegal bitcoin exchange owned by the ringleader of a group of hackers that are accused of stealing millions of dollars from major banks, pleaded not guilty to money laundering in a Manhattan court room Tuesday, according to Bloomberg. Murgio also pleaded not guilty to running an illegal bitcoin exchange, wire fraud and conspiracy. U.S. District Judge Alison Nathan set an Oct. 31 trial date for Murgio, who remains free on bond. Also read: Coin.mx operators also JP Morgan Chase hackers? Coin.mx Connection To Massive Bank Hack Murgio was not charged as […]

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Unlikely Allies: Anonymous Hactivists & The US Government Join Forces Against ISIS

E.T. Brooking’s wrote for Foreign Policy what Ghost Security Group executive director, DigitalShadow, calls “a very accurate reflection of our operations against extremism.”

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Align Commerce Uses Bitcoin To Facilitate Cross Border Payments, Raises $12.5 Million In Series A Funding

Align Commerce, a San Francisco, Calif.-based cross-border payments service provider that exchanges a payer’s fiat currency into bitcoin, then exchanges it into the payee’s currency, has raised $12.5 million in Series A funding by Kleiner Perkins Caufield & Byers, according to today’s Wall Street Journal. Align Commerce’s money transfer model avoids the “cumbersome” bank wire process for payments, according to CEO Marwan Forzley, who started the company after serving as general manager at Western Union. The company can also offer features like tracking fund movement in real time and completing transactions faster and at less cost compared to banks. Align […]

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Bitcoin Price Holding To Line Of Advance

Bitcoin price returned to a central line of advance, after temporarily dropping below it over the weekend. The price action now unfolding in the chart is characteristic of previous consolidative periods. 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: 14h39 UTC BTCC 1-Hour Chart From the analysis pages of xbt.social, earlier today: Price had fallen towards $300 and then promptly returned to its previous trading range at $330 and 2100 CNY. The two […]

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MIT to Host Bitcoin Core Developers

The Media Lab at the Massachusetts Institute of Technology (MIT) will host three Bitcoin core developers at the MIT Digital Currency Initiative today. An MLTalks (MIT Labs) session will see three Bitcoin core developers in a conversation session hosted by former White House advisor Brian Forde today. The event is scheduled to start Tuesday, November 17, 2015, 2:30 PM – 4:00 PM. A live webcast can be found streaming here. Gavin Anderson, Cory Fields and Wladmir Wan der Laan are all expected to attend, Gavin Anderson, as many bitcoin enthusiasts already know replaced Satoshi Nakamoto as the Bitcoin open source software […]

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Innosilicon A4 Dominator Scrypt ASICs Might Be Coming Soon

Innosilicon is apparently looking for investors into their new A4 Dominator Scrypt ASIC (both chips and miners based on them) to help them bringing the new the next generation 14nm chips on the market in a few months time with 1.2 Watt power usage per MHS. It seems that they have already designed and taped-out the A4 Dominator chips and are now entering the next round of full mask mass production using apparently Globalfoundries 14nm production process.

A4 Dominator ASIC & Miner Specifications:
– A4 ASIC: 3 MHS per chip at 3.6W nominal, support DCDC less PCB
– Extreme Low Power: daisy chained ASIC running at 0.7V, only in 14nm
– Miner Performance: 600 MHS from 720W at the Wall or 850 MHS from 1020W
– PSU Requirements: common PCI-E 8 Pins/6+2Pins with 12V output
– Included: Reprisal Pi running the most user friendly A2 terminator Software

“We have opened our A4 ASIC/Miner production to committed partners in order to share in both the cost and the profit. Anyone who commits $1.5 million to this partnership will get to share our ASIC production masks or purchase miners at cost for your mining farms. We have fully de-risked the design by shouldering all the R&D and MPW costs for the testchips. Also, we will showcase our testchip and test miners in couple of months to demonstrate the A4’s unsurpassable efficiency. We need only 4 to 5 partners to participate in this incredible risk free win-win partnership round.”

Apart from the new A4 chips that will be for Scrypt the company is also working on new A3 chips for SHA-256 that apparently offer less than 0.2 Watt per GHS, so things should be similar to their first generation A1 for BTC and A2 for LTC mining hardware. In our opinion however Innosilicon will have to work on something else as well and that is securing partners to make their mining hardware more easily accessible to users and not only to large mining operations. They could also work on an approach similar to that of Bitmain to offer direct sales to end users as apparently they could be the new driving force behind Scrypt mining with SFARDS going completely silent and other companies just now starting to look for partners to work on development and not production.

Are Marijuana, Binary Options And Bitcoin ‘Flavors Of The Month’ For U.S. States' Watchdogs?

Are marijuana, binary options and digital currency the flavors of the month for U.S. state securities regulators? You might think so based on warnings issued by Washington and Colorado state officials and reported as such by local media. Recently, CCN reported the Washington Department of Financial Institutions issued an alert warning consumers about investing in marijuana, binary options and digital currencies. The News Tribune in Tacoma, Wash. reported this alert, warning consumers against becoming victims of “the next big thing.” Later in the day, I noticed the Colorado Securities Commissioner issued the same warning using similar wording. In this case, the […]

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Why Bitcoin is Changing the Casino Industry

Bitcoin Press Release: Gambling is big business and according to a projection from the world’s largest statistical source Statista, it’s going to reach a net worth of $41,4bn in 2015. As of lately, we can see that the online aspect of gambling is rapidly taking market shares from the brick and mortar kind. In essence, it makes perfect sense as many forms of entertainment is being transferred to the online world, and casino is no exception. The vast majority of the turnover in online casinos today are being done in major international currencies such as USD, GBP and EUR, but […]

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Satoshi Nakamoto Not Eligible For Nobel Prize

Although UCLA Professor Bhagwan Chowdhry chose to nominate the pseudonymous creator of Bitcoin, Satoshi Nakamoto, for the Nobel Prize for Economic Sciences, it appears the The Royal Swedish Academy of Sciences will not consider the nomination unless the legendary Nakamoto were to reveal his identity. The organization's press officer, Hans Reuterskiöld, told Inverse.com that the prize is never awarded anonymously nor after someone has died. The prize, as in this instance, the Sveriges Riksbank Prize in Economic Science in Memory of Alfred Nobel, is never awarded anonymously nor posthumously. Commentary The community may find this unfortunate, in that Satoshi Nakamoto […]

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Music Industry Receptive To Blockchain Technology

Phil Barry believes the Ethereum blockchain can change the music industry. To him,  it is “the current best system for building complex decentralised applications.”   Barry might know. He consulted for Courtyard and ATC Management, leading a team working on financial analysis, media strategy and user experience for the world-first release of Thom Yorke’s solo album Tomorrow’s Modern Boxes on BitTorrent. He currently leads up Ujo Music. Ujo aims to engage in a nmber of joint experiments with artists, PROs and music companies into 2016, striving to represent a new shared infrastructure for the creative industries and thereby return more […]

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Updated Windows Binary of the ccMiner 1.5.74-git Fork by SP for Maxwell

Another update in the form of a Windows binary compiled from the latest Git source code of the ccMiner 1.5.74-git SP-MOD fork by SP optimized for the latest Maxwell-based video cards (source). The latest release comes with some small performance improvements for as well as fixes that should help resolve issues that some users are experiencing with the lyra2v2 algorithm. Do note that 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 Nvidia video cards compiled with CUDA 6.5 and VS2013.

– To download the latest ccMiner for Maxwell version 1.5.74-git by SP for Windows OS…

Rootstock Merges Bitcoin and Ethereum to Help World Bank with Micro-Lending

Rootstock, a P2P platform based on the block chain that implements smart contracts using the capabilities of Ethereum with the transparency and security of the bitcoin network, is negotiating with the World Bank and some Latin American banks to provide microlending for the unbanked, according to the International Business Times. Rootstock hopes to give banks the means to issue loans from smart contracts. Rootstock combines the capabilities of Ethereum with the bitcoin network’s transparency and security by using sidechain technology. Bitcoin serves as the fuel that runs the smart contract. Nick Szabo, an expert on smart contracts, has said Rootstock joins […]

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ZPN offers free VPN services and the opportunity to pay with bitcoins

Bitcoin Press Release: VPN services are now more affordable than ever, due to the accounts offered by ZPN. The well-known VPN service provider ZPN, announced to offer free VPN services and to allow customers to pay with bitcoins for the advanced accounts. Apparently ZPN knows just how important security and privacy is when any of us uses the Internet. Thus, they decided to allow even more people to get this services that will keep their connections safe. The offer a free VPN services on the web page, Zpn.im, for anyone interested in getting the benefits of having a VPN protection. […]

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GhostSec: ISIS Has Bitcoin Wallet Worth $3 Million

Following the recent attacks on Paris, GhostSec, an Anonymous off-shoot which actively hacks ISIS efforts worldwide, said that ISIS regularly uses cryptocurrencies to fund its operations. It offered evidence from September, in which the group believed it had uncovered a single address worth $3 million in bitcoins (which would have appreciated significantly here recently.) The group had a lot more to say during an interview with a competing outlet, NewsBTC, who beat CCN to the scoop. The Islamic State does use cryptocurrencies as a form of income to fund their ongoing operations and we have managed to uncover several Bitcoin […]

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Serie A Football Club Partners With Jetcoin

Hellas Verona F.C., a Serie A football (soccer) club based in Verona, Veneto, Italy, has become the first professional football team to be paid in Jetcoin, a block-chain-based loyalty reward that allows fans to benefit from the success of athletes. Hellas Verona fans receive membership rewards using this currency and are able to be actively involved in the success of their favorite athletes. Jetcoin champions release a portion of their IP rights to the Jetcoin Institute, which identifies, recruits and develops promising talents from the sports and entertainment worlds. The institute sells a portion of these assigned rights in the form […]

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Singapore Prime Minister Cites Bitcoin As A Sign Of The Future During Speech

Singapore Prime Minister Lee Hsien Long cited bitcoin and block chain technology as innovations changing the banking industry during a congratulatory speech at the United Overseas Bank (UOB) 80th-anniversary dinner. Hsien Long emphasized the banking industry’s importance to his nation’s economy. He began his talk by reviewing the history of UOB, one of the country’s first banks. In 1935, during the Great Depression, a group of Chinese businessmen pooled their resources to set up the bank now known as UOB. It had a single branch in rented premises, and it engaged in short-term loans.  It has much to celebrate, Hsien […]

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Bitcoin Price Sell-Off Approaching $300

Bitcoin price has been bouncing along the $330 and 2100 CNY level for days. The benefits of bitcoin advance far outweigh those of decline, but a cynical sell-off seems to be opting for the worse of two options. 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: 15h49 UTC OKCoin-CNY 15-Minute Chart From the analysis pages of xbt.social, earlier today: The OKCoin CNY exchange is visibly leading the decline and its 15-minute chart, above, […]

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Bitcoin Price Eyeing $300

Bitcoin price has, during the past three days, formed a series of lower highs and higher lows in a pattern that resembles the consolidation prior to a decline. There are technical indications that a pull lower is on the cards, but it may not get far. 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: 15h00 UTC Bitfinex 1-Hour Chart From the analysis pages of xbt.social, earlier today: The Bitfinex 1-hour chart shows the […]

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Bitcoin Trading at a Crossroad

Bitcoin trading pushed price to a potential breakout, overnight, but failed to advance price above critical resistance. A potential tipping point into further decline awaits below - can the bulls get it together to re-ignite the rally? 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 Trading & Price Analysis Time of analysis: 15h59 UTC BTC-China 4-Hour Chart From the analysis pages of xbt.social, earlier today: Price remains capped, overhead, by the 4-hour green 20-period moving average (20MA). […]

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New Documentary “The Bitcoin Gospel” Shows Bitcoin to the Netherlands

Roger Ver stars prominently in a new documentary by Dutch TV station VPRO. He opens the show by demonstrating to people in the Netherlands how a Bitcoin transaction works, using his home entertainment system and his smart phone. Someone watching the show on the first broadcast would have had the opportunity to claim 100 Euros in Bitcoin as a result of Ver's demonstration. Ver is identified in the film as a “Bitcoin evangelist,” and for most purposes, that has been his largest role in Bitcoin. However, the man has also backed a number of Bitcoin companies. He says in the […]

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Latin American Bitcoin Conference To Feature 40 Speakers Dec. 4-5 In Mexico City

A lineup of 40 expert speakers will highlight the third annual Latin American Bitcoin Conference (LaBitCOnf2015) Dec. 4 and 5 at EBC Campus Dinamarca in Mexico City. The conference is expected to host 250 attendees from 15 countries. The conference goal is to jumpstart bitcoin innovation in Latin America and encourage entrepreneurs to create applications for bitcoin and block chain technology, according to Rodolfo Andragnes, conference organizer. He said the agenda will include topics for entrepreneurs developing applications and for finance sector professionals. Mexico is easily accessible from the U.S. and serves as a strategic destination for persons looking for […]

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Bitcoin Price Range Trading Above $300

Bitcoin price had left the market deflated after a strong correction of the promising rally. Today, some of the energy we saw during the advance returned to chart, as CNY exchange traders started probing the upside again. This analysis is provided by xbt.social with a 9 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: 15h32 UTC OKCoin-CNY 4-Hour Chart From the analysis pages of xbt.social, earlier today: The support at ~$300 and 1800 CNY (grey horizontal support & resistance) has held […]

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Visa Europe Collab Partners With Epiphyte On Using Block Chain To Improve Global Remittance

Visa Europe Collab, the global hub for Visa Europe International, and Epiphyte, provider of a block-chain-based software as a solution (SaaS) for immediate financial transactions, are combining their expertise to develop a more efficient global remittance service they told CCN in an email. The companies are working on a proof-of-concept to use bitcoin and block chain capabilities to make remittance services more efficient and easier to use. Epiphyte specializes in distributed ledger solutions for the mainstream financial market. The proof of concept is scheduled for completion in the next two months.   Visa Europe Collab sees an opportunity to create a better […]

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Block Chain Will Revolutionize Capital Markets Beginning In 2016

The adoption of block chain technology will revolutionize capital markets as early as next year, according to a report by TABB research carried by CNBC TV. The report noted that the adoption is not a matter of if, but when. The TABB Group is a New York City-based company that provides insight on securities and investment management. The block chain, the report noted, serves as a big, decentralized ledger that records transaction information and stores it on a global network that can’t be tampered with. It noted that R3, a fintech company, leads a 20-bank consortium that is developing a framework […]

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X11 Cloud Mining Back in Stock at Genesis Mining

The cloud mining provider Genesis Mining has X11 cloud mining hashrate back in stock after their initial mining capacity was quickly sold to users. The prices for hashrate remain the same as before and they are for 1 year mining plans with no additional fees for maintenance, everything is included in the price of the hashrate. Currently there is a limit of maximum 100 MHS per X11 contract that you can buy as there is apparently still high demand and a limited supply and since X11 algorithm support requires GPUs it is not as easy to deploy in large capacities like it is with Bitcoin and ASIC mining hardware.

– You can get more information about the new X11 cloud mining services by Genesis Mining here…