With increasing adoption of the cryptocurrency, Bitcoin rang in the milestone of 100 million transactions. Capping off an eventful year, the decentralized innovation deemed as a commodity, a currency and surely a cryptocurrency – Bitcoin, reached the seismic milestone of 100 million transactions recorded on the blockchain in December, the final weeks of 2016. […]
The post December Sees Bitcoin Reach 100 Million Transactions appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
London-based startup Plutus is developing a mobile app that will allow bitcoin payments at contactless payment terminals all over the world. The technology is powered by the Ethereum platform and is destined to work at all NFC-enabled payment terminals in the world, even if the merchant hasn’t enabled Bitcoin as a mode of payment. […]
The post Plutus’ Mobile App Enables Wide Bitcoin Acceptance appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
Bitcoin Press Release: Decred is a digital currency that aims to build a more robust consensus system, make funding for long-term development sustainable, and bring new forms of open governance to the blockchain. CHICAGO, Illinois — December 29, 2015 — In 2012, a group of developers experimented with Satoshi’s original Bitcoin client in an effort […]
The post Meet Decred: A Digital Currency by Bitcoin Developers appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
Elephant, a multi-functional economic platform, has launched elCoin, a cryptocurrency based on the Ethereum project. The cryptocurrency is the first to launch worldwide built on smart contract and blockchain technologies. The unit cost of 1ELC is set at 2,5 EUR at the crowd sale stage. The announcement posted on “industry today,” a content distribution […]
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In an announcement today, Nasdaq revealed the issuance of its client Chain.com’s share to a private investor using the company’s private-market blockchain platform Linq. Calling it a ‘major advance’ in blockchain technology for private companies, a Nasdaq press release has announced the issuance of shares by Chain.com to a private investor using its blockchain-powered […]
The post Chain Issues Shares Through Nasdaq’s Private Blockchain Platform Linq appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
There is one trend which likely will continue into 2016 in the banking world, and that is the trend of Wall Street executives defecting from the mainstream banking industry into the Bitcoin industry. With consortiums such as R3 – and thus the biggest banks in the world – investigating blockchain technology, individuals from Wall Street […]
The post This Bitcoin Trend Will Continue in 2016 appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
Bitcoin-based startup Digital Asset Holdings has had a hard time with closing deals with investors to cap off the company’s first round of funding, according to a report. Former banker and now a prominent personality in the Fintech space Blythe Masters’ Digital Asset Holdings is ‘struggling’ to close its Series A round of funding by […]
The post Report: Blythe Masters’ Digital Asset Holdings Isn’t “Supercompelling” for Investors appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
We all know that the Flash Player is full of security issues and Adobe has been desperately trying to fix these in order to prevent the misuse of the popular software for installing backdoors, trojans and other unwanted software on user’s computers. The company has been releasing update after update for the Flash Player, so is is wise to always be up to date with the latest version in order to prevent the use of exploits that may install software on your computer unwillingly and without your knowledge. It seems that some of the security holes in the Flash Player might even lead to crypto currency mining software installed on your computer without your knowledge and consent in the form of a trojan that will be mining for somebody else. There is a report of a user that has found suspicious software in the Adobe Flash Player folder that appears to be a version of the ccMiner software for mining on Nvidia GPUs that was highly likely installed through a security hole int he flash player. So in order to avoid similar issues you should check your version of the Flash Player and update if it is not the latest one, the current up to date release is version 20.0.0.267.
– To download and install the latest version of Adobe Flash Player for your browser…
The developers of 21 Bitcoin Computer, a small Linux computer that has the bitcoin protocol as part of its operating system, have posted documentation designed to make its library easier to use. Launched in September, 21 Bitcoin Computer is both a bitcoin miner and a device that enables users to buy, sell and rent products […]
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Bitcoin price has been trading sideways for almost two days and a move appears imminent. At the time of writing a move has begun, but is it real or is it a fake-out? This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now and receive […]
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The Voxelus virtual reality (VR) content creation platform is making its VOX currency available on the Uphold cloud money platform in a beta pre-sale. Uphold users can order VOX on Upland before its general release on March 30, 2016, according to Anthony Watson, president and CEO of Uphold Inc. Voxelus allows users to create VR […]
The post Voxelus Virtual Reality Currency Presale Begins On Uphold Platform appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
2015 was a banner year for bitcoin. It brought some key developments for the digital currency’s acceptance, particularly by the financial sector. But like every year since its 2008 debut, bitcoin’s progress came with challenges. Bitcoin has not been embraced by enough consumers, businesses and government to be called a mainstream currency or commodity. But […]
The post 2015 Year In Review: A Banner Year For Bitcoin And The Blockchain appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
Headlines highlight investment in Bitcoin companies seemingly monthly these days. So, where is it going? Into defense fund accounts. That is a large reason why, despite a lot of investment into the space, the community seemingly ebbs. Evangelists will state that the reason Bitcoin is not growing is because people are not doing a good […]
The post Where Is All That Bitcoin VC Money Going? appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
In a blog post summing up 2015 as a year for payments, Visa Europe deemed ‘Fintech’ as the industry where ‘everyone wants to be’ and made a marked point about blockchain and bitcoin becoming a reality that the ‘industry has to live with.’ A blog post titled “Why 2015 was the year for payments” published […]
The post Visa: Blockchain & Bitcoin Are Now ‘More Real than Ever’ appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
Bitcoin price holds above support at the start of the last week of this year. Although the intra-day chart is ambiguous, the last three months of price action has set bitcoin price up for an exciting 2016. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? […]
The post Can Bitcoin Price Hold Above $400? appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
An industry survey that covered 150 executives and investors in the banking sector has revealed that Fintech startups are only causing limited disruption to the industry rather than the dramatic, industry-defining shakeup of an ‘Uber Moment’. A new survey conducted by Autonomous Research has revealed that 14% of banks face a significant threat by Fintech […]
The post Survey: Fintech Isn’t Forcing an ‘Uber Moment’ for Banks appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
A degree of infighting has shocked the Bitcoin community as individuals with different ideas clash over the direction in which the Bitcoin protocol should evolve (or be evolved). With the disappearance of Satoshi Nakamoto, Bitcoin has long celebrated its leaderless organization. In 2015, this lack of leadership led to a lack of direction in the […]
The post Infighting Is Good For Bitcoin appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
Australian bitcoin miner Bitcoin Group has released another prospectus that has been filed with the Australian Securities and Investments Commission (ASIC), a move that also saw the company postpone its initial public offering on the Australian Securities Exchange (ASX). Cryptocurrency miner Bitcoin Group has released yet another prospectus while delaying its listing on the ASX […]
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Bitcoin price has found structural support in the chart and has started a tentative (but uncertain) advance. Caution into year-end. 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: […]
The post Bitcoin Price In Precarious Recovery appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
Financial technology startups in India are welcoming a contest to find financial technology solutions announced by the Reserve Bank of India (RBI), according to Business Standard, an Indian newspaper. The purpose of the competition is to develop technologies that reduce transaction costs, prevent financial fraud and develop India’s e-commerce infrastructure. The bank’s Institute for Development […]
The post Fintech Startups Applaud Reserve Bank Of India’s Contest For Financial Solutions appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
Bitcoin price sold off strongly, today, and has given up almost $40 and 500 CNY, so 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 BTCC […]
The post Bitcoin Price Drops To Support appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
Star Wars tops entertainment headlines as the perennial favorite gets a thumbs-up from audiences around the world. As a cultural phenomenon with an international audience its record-breaking ticket sales comes at a time of diverging global social mood. Bitcoin’s prospects amid the current mood trend are examined. This post is powered by the Bitcoin Trading […]
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Bitcoin’s growth since its 2009 launch has not formed a solid, straight line. But the upward movement continues, and those who question its continuance will have a hard time justifying their doubts in the face of a graphic overview prepared by Coupofy.com, a Bali, Indonesia-based digital marketing concern that provides online coupons for retailers. Bitcoin […]
The post Bitcoin Surges Fast Forward On Many Fronts Heading Into 2016 appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
Bitcoin price fell back from resistance ceiling earlier today as large sell orders loom overhead. 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: 14h30 UTC BTCC […]
The post Bitcoin Price Corrective Relapse appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
If you are looking for a plug and play full Bitcoin node solution you might want to check out the Bitcoin Mini solution that is powered by a Raspberry Pi 2 board with Arch Linux OS running a Bitcoin Core. The device comes with an 8 GB MicroSD card for the operating system plus 128 GB USB flash drive for storing the Bitcoin Blockchain. The 128 GB storage should be enough for quite some time considering that the size of the full Bitcoin blockchain data currently is getting close to 60 GB of data. The project offers two versions, the first one is a Mini Basic that is essentially a bare solution with just enough to plug in and have a full node running in your home with just basic command line functionality only for $139 USD. The second version is the regular Bitcoin Mini that comes with a custom Bitcoin API and webpage user interface that is available for $179 USD. You can also pay with Bitcoin which is to be expected from a project supporting crypto currencies taking into account the current exchange rate. The Bitcoin Mini is being shipped worldwide, but do note that shipping the product outside of USA is extra $25 USD.
– For more details about the Bitcoin Mini project for a full RPi-based Bitcoin node…
While I sat in the room at Inside Bitcoins San Diego, Patrick Byrne mentioned how he had tried to join R3 but had problems, basically, getting in touch with the people there. Someone in the audience said they could help out. Byrne had expressed suspicion at R3’s intentions. He proposed that, perhaps, banks were trying […]
The post R3 Isn’t The Conspiracy You Think appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
The leading business daily in Russia, the Vedomosti, a publication that pegs itself among the likes of the Financial Times and the Wall Street Journal has published an article titled “Deny or Lead the Cryptocurrency Economies”, which is also the editor’s choice at the time of publishing. An article published by the Vedomosti on December […]
The post Russian Business Daily Publishes Article Advocating Russia to Court Cryptocurrency, Not Ban It appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
Blockchain investor Coinsilium began share trading yesterday, December 24, 2016 on the ICAP Securities and Derivatives Exchange (ISDX) in London, under the ticker “COIN”. London-based blockchain technology investor Coinsilium, a company known for supporting blockchain-startups at an early stage started trading on the ISDX Growth Market in London yesterday. Coinsilium issued 10,000,000 new ordinary shares […]
The post Coinsilium Becomes World’s First IPO of a Blockchain Tech Company appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
There’s been discussion in the Bitcoin space about the necessary traits for a Bitcoin leader. The idea goes that, with Bitcoin having so many scandals of incompetent/criminal Bitcoin business leaders, there should be a discussion about what it takes to be a Bitcoin leader. As one recent conference phrased the question, “What does a leader […]
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Juniper Networks, a Sunnyvale, Calif-based network hardware manufacturer that last week reported finding an unauthorized code in its firmware making it possible for hackers to access its devices, could have been vulnerable for several years, based on a top-secret document released by Intercept, a website dedicated to transparency in government and corporate institutions. The document, […]
The post Top Secret Document Indicates NSA Knew Of Juniper Vulnerabilities In 2011 appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
Bitcoin price has returned to its recent resistance ceiling where large sell orders have halted additional 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 Trading and Price Analysis Time of analysis: 14h00 […]
The post Bitcoin Price: The Rally Before Christmas appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
The Internet Development Institute (IRI) of Russia has prepared a roadmap titled “Economics and Finance” which includes a proposal for regulating blockchain. A new roadmap that pitches the proposal to ‘legalize’ blockchain technology by January 2017 was submitted to President Putin this week, December 22, 2015. The roadmap is a supplement under the wider proposal […]
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10x Management, Bruce Springsteen’s promoter, seeks to “find the best contract tech talent and match them with the world’s most amazing companies.” Since 2011, this is what the firm has strived to do. Although the firm has been in the Bitcoin space for some time now, it made headlines with its recent additions of Jeff […]
The post Bruce Springsteen Promoter 10x Management Plans To Add More Bitcoin Experts To Its Roster appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
The last quarter of the year has included the most exciting bitcoin trading of the entire year, but the rest of the year will likely see a lull in trading and a consolidation around current levels. Any fall down below $400 will represent further price softness into the New Year, it seems. However, since we […]
The post Holidays Signal Quiet Bitcoin Price Through Year’s End? appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
Starting on 1 January 2016, credit and debit cards denominated in the Nigerian naira will no longer be enabled for international use. The decision by the Central Bank of Nigeria to ban credit and debit card purchases abroad comes amid declining foreign exchange liquidity and aims to slow the flow of foreign exchange out of […]
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Internet entrepreneur Kim Dotcom can be extradited to the U.S. where he faces charges of money laundering, copyright infringement and racketeering, a New Zealand court has ruled, the BBC reported. Dotcom said he will appeal the ruling.
The post Megaupload Creator Dotcom Can Be Extradited To U.S., New Zealand Court Rules appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
An internal JPMorgan memo reveals that the lender plans to invest $9 billion in technology like robotics and the blockchain, according to Business Insider, which claims to have seen the memo. Daniel Pinto, the head of JPMorgan’s corporate and investment bank, sent the memo, which claims a major priority is to pursue innovative technologies in […]
The post JPMorgan Memo: $9 Billion Slated For Studying Blockchain And Robotics appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
The Australian Securities Exchange (ASX), the biggest stock exchange in the country-continent is keeping a close eye on blockchain technology, a recent report revealed. The CEO of Australia’s biggest stock exchange, the ASX, has revealed that the exchange is considering blockchain technology as the group is due to upgrade its current system for clearing […]
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Bitcoin price found support at $430 (Bitstamp) and 2875 CNY during the past two days. Price action remains directionless with eager profit taking on any move higher, and yet, buyers have prevented a new low in the chart. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a […]
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The Bitcoin Foundation has appointed 3 new members to the board with the creation of three new member seats. The new members are runners up from the previous industry election and the Bitcoin Foundation — with the new appointments – have also published a draft for a new mission statement. The press office of […]
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Bitcoin Press Release: NASCasino is pleased to announce new bonuses of up to 8.888 BTC for new players and promotions where anyone can get 25 free spins for sharing NasCasino on Facebook and Twitter. The niche online bitcoin casino gaming community recognizes NASCasino for providing its discerning players with a premium casino gaming experience, not […]
The post Exclusive Bitcoin Casino NASCasino Reveals Its Bitcoin-Based Bonuses and Promotions to The Public appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
In a Reuters article published today, bitcoin price is speculated to see a bullish spike in 2016 due to the upcoming halving of mining rewards, due to happen in July 2016. Bitcoin has had a memorable year. Wider adoption; increased trading; the Silk Road investigation with its corrupt agents and bitcoin auctions ; a Russian Ponzi […]
The post Reuters: Bitcoin Price Likely to Scale Record Highs in 2016 appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
An art exhibit focused on money will take place in New York as part of the Partial Mystery Event series with a special focus on cryptocurrency. Emily Faber, founder of the Partial Mystery event series, started the exhibits in her apartment because she “had no idea how to find a gallery space in NYC.” Getting ready […]
The post Art Exhibit In NYC To Feature Pieces On Money, Bitcoin appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
Banks are spending billions to battle cyber attacks, according to the Wall Street Journal. Much of the efforts focus on employees who unintentionally expose information to hackers. Many banks are now banning workers from using USB drives, warning them to be careful about what they post on social media, and telling them not to put “out […]
The post Banks Spend Big To Fight Cybercrime, Heighten Efforts To Supervise Employee Behavior appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
Blockchains have eclipsed bitcoin in the mainstream media lately, largely due to financial institutions looking for ways to use blockchains. But in addition to these initiatives, some big technology companies are exploring Ripple, Factom and Ethereum protocols, according to Finance Magnates. Microsoft’s Azure cloud service recently acquired Ethereum capabilities, followed by Factom, Ripple and others. […]
The post Factom Price Soars after Integration with Microsoft’s Azure Blockchain appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
Bitcoin mining firm BTCS, formerly known as Bitcoin Ship has completed a $1.45 million round of financing on December 16, led by Cavalry Fund LP. Originally known as Bitcoin Shop, BTCS was an e-commerce retailer that shifted its business model to bitcoin mining. The company was in need of a cash-boost after a recent SEC […]
The post BTCS Raises $1.45 Million in a Funding Round; Immediately Increases Stake in Spondoolies-Tech appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
What do you think big data is? BBC’s technology news presentation – Click, brought its beauty and use to us in 25 minutes of film time. Those involved with the interviewing or creation of the presentation walked through London’s prestigious Imperial College and the Somerset House using the Big Bang Data exhibition as a platform […]
The post BBC’s Click Blockchain Documentary appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
An Australian Blockchain payments company called Living Room of Satoshi has crossed a million-dollar (AUD) milestone in bills and bank transfer payments through its blockchain-based bitcoin payment service. Living Room of Satoshi, named after Bitcoin’s pseudonymous creator Satoshi Nakamoto has now surpassed $1 million in bills and bank transfer payments pipelined through its service. The […]
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An Australian Blockchain payments company called Living Room of Satoshi has crossed a million-dollar (AUD) milestone in bills and bank transfer payments through its blockchain-based bitcoin payment service. Living Room of Satoshi, named after Bitcoin’s pseudonymous creator Satoshi Nakamoto has now surpassed $1 million in bills and bank transfer payments pipelined through its service. The […]
The post Australian Bitcoin Payments Startup Hits $1 Million Milestone appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
There are a lot of Bitcoin faucets, Litecoin faucets, Dash faucets and faucets for a lot of other alternative crypto currencies that give away small amounts of free crypto currency to users, however when we talk about Ethereum there aren’t any or almost any to be precise. So here comes EtherFaucet, a new free Ethereum faucet that gives away users free Ether coins and all you need to have is a wallet address where the coins will be sent to. Of course like any other faucet this Ethereum Faucet gives away only a fraction of an ETH coin and you need to make multiple requests (once every 10 minutes) until you collect at least 0.1 ETH and then you can actually cash out the collected coins to your wallet. The catch is that you need to spend some time on the website to collect the minimum amount before it is sent to your wallet, but that is the idea of all faucets as they are supported by banner advertisements. So making users spend more time looking and most of all clicking banner ads is what they want to do in order to actually be profitable for the site operator and in order to continue operating and giving away free Ether coins to users.
– If you want to try out the EtherFaucet and get some free Ether coins from it…
Three France-based members of the European Parliament have tabled a motion for a resolution calling “stricter controls over all virtual currency” such as Bitcoin. The trio have even asked to “prohibit” virtual currency exchanges transactions altogether which, in essence, is asking for a ban of all such transactions. Three members of European Parliament, all French […]
The post 3 Members of Euro Parliament Call for Stricter Bitcoin Controls, Prohibit Virtual Currency Exchange Transactions appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
Another update in the form of a Windows binary compiled from the latest Git source code of the ccMiner 1.5.77-git SP-MOD fork by SP optimized for the latest Maxwell-based video cards (source). The new release comes with a lot of optimizations in the performance of the Lyra2REv2 algorithm under CUDA 7.5, the last CUDA 6.5 compiled release was version 74. There is also some improvement in Neoscrypt hashrate, but it is still slower on the CUDA 7.5 releases, as well as some other minor improvements in other algorithms. 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 7.5 and VS2013.
– To download the latest ccMiner for Maxwell version 1.5.77-git by SP for Windows OS…
Speaking at the Blockchain Agenda in San Diego last week, Overstock.com CEO Patrick Byrne warned that the R3-led blockchain consortium that counts the world’s largest banks as its partners is looking to outlaw the competition and the wider Bitcoin and blockchain community. Bitcoin advocate and CEO of Overstock Patrick Byrne is wary of the R3-led […]
The post Patrick Byrne Is Wary of R3’s Blockchain Consortium appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
All networks, equipment, and computers can be hacked. A smart coffee maker can be hacked. So too, can a power station that figures in the grid of an entire country. Are such threats overstated? Or, is there a genuine reason to be concerned?
The post Study: U.S. Power Grid Is Vulnerable to State-Sponsored Hackers appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
Nikolai Nikiforov, the Russian Minister for Communications and Mass Media spoke about Bitcoin’s underlying technology, the blockchain. The Minister notes the distributed ledger technology as “very interesting” and intends to monitor its development going forward. Speaking at the ‘Internet Economy’ forum today, the Russian Minister for Communications and Mass Media, Nikolai Nikiforov elaborated on “necessity […]
The post Russian Information Minister Is Keen to Explore Blockchain Technology appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
One man isn’t happy with Cameron and Tyler Winklevoss, the entrepreneurs known for having sued Mark Zuckerberg for allegedly stealing their idea. The problem centers on the Winklevoss’ Bitcoin exchange Gemini, where on evening of November 13th a Gemini exchange user placed a large bitcoin buy order filling price limits towards $2,200 per bitcoins. The […]
The post A Gemini Exchange User Is Pissed at the Winklevoss Twins appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
10 new patent publications filed by Bank of America have been published by the U.S. Patent and Trademark Office (USPTO) last week. The bank’s patent applications were filed in June, last year. The USPTO has published 10 patent applications filed by Bank of America in relation to cryptocurrencies. The original filing was done in June […]
The post Bank of America Filed 10 New Cryptocurrency Patent Applications appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
Coinbase held their second internal hackathon at the Coinbase HQ, the company announced yesterday, focusing on projects its workers do not normally work on. The Bitcoin exchange acknowledged their team investigates “new behaviors that an open, global payment protocol can uniquely enable.” The hackathon went on for 48-hours so the team could explore such new […]
The post Coinbase Holds Internal Hackathon On Electrum, Http & Xim appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
Hardly a day goes by without another bank or financial organization heralding the blockchain as the wave of the future while saying bitcoin is falling by the wayside. Do veteran cryptocurrency observers find something a bit strange in this? Can you really have the blockchain without cryptocurrency? Rupert Hackett, community manager of Australia-based buyabitcoin.com.au, tackles […]
The post What’s Behind Banks’ Hyping Blockchain And Not Bitcoin? A Defensive Play, One Observer Claims appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
Bitcoin trading has become listless and lacks direction. Perhaps the succession of two advancing waves and a return to the vicinity of the previous high has cooled down the market’s eagerness for additional advance. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now and […]
The post Bitcoin Trading Slows Down Into Year-End appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
Two men in Ireland, one a bitcoin trader, pled guilty to selling drugs on the darknet to customers worldwide, according to The Irish Examiner. The bitcoin trader posted drug orders to different countries after trading bitcoin. He admitted to selling drugs on Silk Road and Agora. Police charged Richard O’Connor and Neil Mannion, both 34 […]
The post Bitcoin Trader And Accomplice In Ireland Plead Guilty To Darknet Drug Sales appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
Nearly every day, U.S. financial institutions announce projects to better understand the blockchain, often partnering with technology startups. It would be a mistake to think their Japanese counterparts are far behind. Nomura Research Institute (NRI), a Tokyo, Japan-based provider of consulting services and system solutions, will develop a proof of concept (PoC) for implementing blockchain technology with banking in collaboration with SBI Sumishin Net Bank, Ltd., also Tokyo-based. Assisting them on the technology front is Dragonfly Fintech Pte. Ltd., a Singapore-based fintech technology startup, and Mijin, Japan’s first private block chain. PoC To Examine Business Scenarios The PoC will examine […]
The post Japanese Financial Institutions Partner With Technology Startups To Utilize The Blockchain appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
Bitcoin Press Release: MaskNetwork team is excited to announce the alpha release of the open source testnet to the community. This will give people an opportunity to get involved with the project and experiment with MaskNetwork features like multi signatures or integrated escrow system, and gain a better understanding of the technical properties of the MaskNetwork platform. Launching the testnet at this date will give those interested in the fundraiser a chance to better understand what the MaskNetwork project is about before participating. MaskNetwork project was officially announced in July 2015, and received vocal support from the Bitcoin community, who […]
The post MaskNetwork, the Decentralized Marketplace is Launching the Testnet appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
The US Federal Reserve confirmed market expectations by raising interest rates with 25 basis points. Today's Global Economic Outlook considers an investment strategy for the new higher-rates world economy. 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 Wed 16 December USD FOMC Economic Projections USD FOMC Statement USD Federal Funds Rate (actual: 0.35% expected:<0.50% previous:<0.25%) USD FOMC Press Conference Making The News The Federal Reserve announced on Wednesday that it would raise its funds rate by 25 basis […]
The post Global Economic Outlook: Investing Post-Liftoff appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
For those looking to participate in crypto-commerce, uncertainty about how the law will treat virtual currency transactions can be a stumbling block. Because crypto coins are permissionless innovation, commerce and its rules are developing from the ground up along with data and process infrastructure. As regulators encounter bitcoin, they issue ad hoc statements about the nature of virtual currency and what it means to deal in them, setting off a furore of discussion over what the ruling or advisory means. A Patchwork of Cryptocurrency Regulation Examples of regulatory action involving cryptocurrencies include: The United States Internal Revenue Service advises that […]
The post Cryptocurrency: Searching for Legal Consistency appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
As I walked by a podcast interview at a recent Bitcoin conference, I was made to laugh. “People say Bitcoin mining isn’t profitable. Well, if you mine Bitcoin now, and if the price goes up, doesn’t that mean Bitcoin was profitable?” The key word there being “if.” That “if” makes the above-stated proposition nothing more than speculation, but leave it to a Bitcoiner to turn speculation on a nascent technology into a workable business model that people - especially young bitcoiners - can depend upon. The reality in Bitcoin is the general pay for most people is around $10 per […]
The post Warning: If You Choose A Career In Bitcoin You Might Die Poor And Alone appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
Bitcoin price is hitting upside resistance and the sense is that bitcoin wants to follow its primary valuator - the US dollar - in a rally. There is reason to refrain from trading right now, as the chart technicals show risk 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: 14h00 UTC BTCC 1-Hour Chart From the analysis pages of xbt.social, earlier today: Price launched higher, today, but hit an overhead […]
The post Bitcoin Price: Serious About Advance Or Not? appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
London-based Standard Chartered and Singapore-based bank DBS have partnered together to develop a distributed ledger for trade finance in Singapore after successfully testing the technology among each other. As reported by Bloomberg, the two banks are coming together to work and develop a distributed ledger in order to make transactions simpler and more transparent in trade finance. The publication adds that the two banks have tested the distributed ledger between themselves, successfully, and will invite other companies to collaborate with the now proof-of-concept system in 2016. The collaboration represents the latest effort in banks investing into their own distributed ledgers, […]
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Citing unnamed but informed sources, Japanese publications are reporting that a working group under the Financial System Council have complied a draft of Japan’s first ever cryptocurrency regulations. Under the new proposed rules, bitcoin exchanges and those dealing with virtual currencies must register with the government to fall under a regulatory framework. The rules, as reported by The Japan Times, are drafted by a working group under the Financial System Council (FSA). The proposals and discussion for the new rules began yesterday, while the bills required to enact the new rules and measures are expected to be introduced during the […]
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One week after the SEC approved Overstock’s plan to issue stock via the Bitcoin blockchain, company CEO Patrick Byrne gave the keynote address - called “The Virtues of Crypto-Settlement” - at the Inside Bitcoins Conference in the San Diego Convention Center. Byrne, whose firm was bitcoin’s first major retailer, spoke at length about his firm’s plans, launched at the website, t0.com. He lamented the “crazy system” of Wall Street banks and said there is “all kinds of room for mischief.” That’s why Byrne has developed an alternative. “This system is transparent and reduces costs we believe 80%, maybe as much […]
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The benefits of blockchain technology are creating new operating models for many types of organizations. Charities, which manage large amounts of money, require complex accounting and conduct a lot of research, have much to gain from block chain technology as digital transactions and smart technology increase. The Charities Aid Foundation (CAF), based in London, U.K., recently released a 20-page report, “Giving Unchained – Philanthropy and the Blockchain,” which examines how block chain technology will affect the way charities raise money and operate. The report presents an example of how “smart” household appliances – appliances connected to the block chain – will […]
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A banking chain in Colorado told Krebs on Security that it discovered a skimming operation while investigating several fraud cases against its clients. It discovered a common link in all the cards that were drained at local ATM machines: they had all been used at the same Safeway stores. It wasn’t just the stores, however, as the investigators were even able to pin the operation down to a few specific lanes inside the stores.
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A new UK infrastructure deal will see Guardtime, a cybersecurity solutions collective, to be tasked with the duty of developing blockchain cybersecurity solutions for critical infrastructure installations in the United Kingdom. Guardtime, a collective of scientists, network architects, software developers and security specialists have today announced a partnership with Future Cities Catapult, a UK-based initiative that specializes in rapid ‘smart city innovation’ that will see Guardtime develop blockchain-based cybersecurity solutions. The task is a significant and an important one, as Guardtime will be coming up with measures to protect and safeguard critical infrastructure in the UK. Critical infrastructure includes nuclear […]
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Bitcoin Press Release: The Crypto Bullion (CBX) Team is thrilled to present to the world its next major achievement: an evolutionary staking reward algorithm, Proof-of-Stake-Participation (PoSP) and the associated hard fork. This pioneering method for allocating staking rewards will revolutionize the crypto-currency arena by maximizing network security via the re-appropriation of stake rewards from non-participants to better incentivize participants who actively engage in the actions that increase network security and value for Crypto Bullion investors. Québec, Canada / December 17, 2015 Existing for more than two years in the crypto-currency market, Crypto Bullion enjoys a reputation that is the envy […]
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Bitcoin price is trading sideways below $500 after the Fed fulfilled market expectations by raising its Fund Rate by 25 basis points. 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: The rates "lift-off" is now a fact and a new economic era has begun. For how long it will go the way the Fed anticipates remains to be seen. In […]
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Bitcoin Press Release: Launched in July 2015, coinlink.net is a new promising bitcoin trading platform, registered in UK as COINLINK LIMITED, it offers the flexibility for members to trade bitcoins by placing buy or sell limit orders, and accept bitcoin payments in their e-commerce websites as merchants. The platform only supports USD for trading; however, the company took into consideration the fact that users from different countries would rather deposit funds in their local currencies than in USD, so the platform automatically converts those funds to the users’ USD balance using market exchange rates from the company’s banking partners. What […]
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Bitcoin Press Release: In December 2014 BTCPOP was founded in the UK as a peer-to-peer lending company within the bitcoin domain. Despite some hesitancy when it comes to using the crypto-currency, the company has expanded rapidly over the past year, with exciting features, such as Initial Public Offerings (IPO), being added and developed. BTCPOP has established itself as a competitor within the bitcoin banking community as it challenges other bitcoin companies to match its low interest fees and the ability to take out instant loans; BTCPOP are the first company that offers such a service. BTCPOP are storming ahead with […]
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Arguably, the most talked-about private blockchain consortium around has just had twelve additional banks signing up as members to the R3-led group of global banks looking to tap into and experiment with blockchain technology for securities settlements and payments. New York-based Fintech startup R3 has added 12 more banks as members to its blockchain consortium. The startup also revealed that it is welcoming financial firms that aren’t banks such as exchanges, clearing houses, standards bodies and infrastructure companies from Q1 2016. The latest additions to the consortium include: BMO Financial Group, Danske Bank, Intesa Sanpaolo, Natixis, Nomura, Northern Trust, OP […]
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In light of the significant increase in bitcoin value over the last weeks, one of the biggest bitcoin advocacy groups, The Bitcoin Foundation, has just lost two members of its board. In a release of the meeting, 15 December, one member, Jim Harper, resigned and the other, Olivier Jansens, was voted off the board. According to a release from Bobby Lee, Vice Chairman of Bitcoin Foundation, this situation evolved around the organization's future and the role that it will play moving forward with operations. After Bitcoin Foundation Chairman Brock Pierce called the decision to remain or shutdown, Lee explains that “Jim […]
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Bitcoins are a class of investment widely known yet rarely fully understood. Accordingly, if you are willing to pursue a deliberate and dedicated approach to wealth creation within this sphere, you’ll so be equipped to at once benefit where others do not; and stand to grow your skills at delivering rapid returns in the market. If possession is nine-tenths of the law, knowing what to do when it comes to trading bitcoins is an absolute necessity. This is because bitcoins - like forex, binary options, futures and any other investments - are highly rewarding to those who know how to […]
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IBM is heading an open source project called the “Open Ledger Project” that is overseen by the Linux Foundation and includes major tech and banking giants. In essence, the Open Ledger Project will ostensibly lead to the creation of a pseudo-private(?) but open-source ledger that is likely to have applications beyond its participants, according to reports. Although details are currently limited to reports by WIRED, Fortune and Bloomberg, IBM has laid the foundation for a new open-source blockchain with the Open Ledger Project that is supported by the likes of Intel and Cisco in the tech spectrum, as well as […]
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A new blockchain-based football prediction market, courtesy of Satoshi Fantasy, is likely to help fantasy football players gain information and insight in more accurate ways than ever before. With the new Trading.Football platform, developer Satoshi Fantasy has seemingly tapped into unique market intelligence directly influenced by the trading community that routinely makes projections on the fantasy results of players traded or owned. In a press release, the developer claims that the community’s default structure of predicting weekly totals for over 500 NFL players along with trades that occur on an open exchange makes this feat the “world’s first blockchain based […]
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A group of Bitcoin developers along with the makers of btcsuite have, in an announcement today, revealed that they are building Decred, an alternative digital currency. The project, according to the press release, is seen as one to address “the issues of project governance and development funding” that is seen as prevalent in Bitcoin today. Citing concerns of an increasing centralization of power in the Bitcoin project and the prioritization of interests of those who fund the project, a group of Bitcoin developers and the creators of btcsuite have started building a new, alternative currency called Decred. In a press […]
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The cloud mining service provider Genesis Mining has just announced the immediate availability for Ethereum’s Ether cloud mining contracts. Ethereum is a distributed platform that allows participants to write and enforce their own “smart” contracts. It is sometimes also referred to as “Bitcoin v 2.0”. The alternative cryptocurrency protocol was inter-alia developed by Vitalik Buterin in 2013 and received wide support by community and professionals. The first sale of Ether coins (the currency of Ethereum) raised over $15 million (current market cap nearly $100 million).
The new contracts offered by Genesis Mining will be running for 1 year and will switch from Ether to X11 if Ethereum switches from proof-of-work to proof-of-stake which supposedly will happen end of fall 2016 according to Vitalik. The contracts will enable miners seeking to profit from the Ether value and are structured to maximize profit by all fees occurring upfront instead of throughout the life of the contract. The current price for 1 MHS hashrate for mining Ethereum’s Ether coins is $17.99 USD with all fees included in that price for 1 year duration of the contract.
Here is a quick and simple calculation on what you can expect to get with a 100 MHS Ether Cloud Mining contract for the duration of 1 year that you get will all fees included at $1799 USD when running the number through a mining profitability calculator. 100 MHS hashrate at the current Ethereum network difficulty should supposedly get you about 5 ETH coins per day or for 365 days you should expect to get about 1825 ETH coins if the conditions remain the same. With an exchange rate of about 1 USD per Ether coin at the moment you should in theory get a bit of a profit, however if the price doubles or triples in a year time things will be looking much different. Then again if you buy Ethereum Ether coins at the current price and it doubles in a year things might end up in a similar way for you, but at least you have the alternative available.
As far as we are aware this is the first actual service to offer Ethereum Cloud Mining Contracts, though there were some earlier announcements for new upcoming services that supposedly will be offering Ether cloud mining hashrate, but we haven’t seen any of these actually start operating. The good news is that if you use our special discount code you will also get 5% discount off the regular price for the new Ether cloud 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 during the checkout procedure when you order hashrate. Do note that this promo code should also work for the X11 and SHA256 cloud mining contract that the service offers, so do take the advantage of a better price for hashrate should you decide to purchase some cloud mining hashrate at the service.
– You can get more information about the new Ether Cloud Mining Contracts by Genesis Mining here…
Microsoft’s Azure blockchain and its blockchain-as-a-service endeavor is now adding three new partners to its blockchain-toolkit platform, with one of them even providing a Bitcoin data service. Soon after launching its blockchain-based service for customers of its cloud platform Azure last month, Microsoft has been ramping up its partners who will serve as collaborators and service providers. Last week, Microsoft announced a new partnership with Ripple, the interledger protocol to its blockchain toolkit. In a new blog post by Marley Gray, Director of Technology Strategy for Financial Services at Microsoft, he revealed three new members that will join Microsoft’s blockchain […]
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Airbitz, the mobile bitcoin wallet, has integrated Fold, the Starbucks gift card app that accepts bitcoin payments, into its own app. In announcing the Fold offering, Airbitz said it will be helpful for people new to bitcoin and will encourage more consumers to start using bitcoin. The Fold app also allows users to receive discounts at Target and Whole Foods Market. Many bitcoin users already take advantage of the discounts Fold provides for Starbucks gift cards; users get a 20% discount paying with bitcoin. Airbitz Streamlines The Fold Process Airbitz has further streamlined the process for using Fold, even though the […]
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One more update in the form of a Windows binary compiled from the latest Git source code of the ccMiner 1.5.76-git SP-MOD fork by SP optimized for the latest Maxwell-based video cards (source). The new release 76 marks is focused on optimizing the performance for CUDA 7.5, the last CUDA 6.5 compiled release was version 74. The performance improvements since release 75 are mostly focused on the X-algorithms, though you should see some improvement in Qubit and Quark as well, Neoscrypt on the other hand is still significantly slower on the CUDA 7.5 releases. 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 7.5 and VS2013.
– To download the latest ccMiner for Maxwell version 1.5.76-git by SP for Windows OS…
The European company Bitwala that provides services for paying bills by transferring Bitcoin to fiat and more recently started offering BTC to PayPal transfers has added a new service – Bitcoin-powered Debit Cards. According to the service the cards should be already available for “Tier 2 verified” customers in the form of a physical or a virtual debit card nominated in Euro. You can order a virtual Bitcoin debit card for 5 EURO or a physical card for 10 Euro with the regular 0.5% percent fee of the service and funds should be credited on the card up 3 business days and often a lot faster according to the information available (during work days it should not take more than a few hours). This means that similar to their BTC to PayPal service the transfer of Bitcoins to your BTC powered debit card will not be immediate and this in the world of crypto currencies is a serious issue. When you want to spend Bitcoins through a debit card that is powered by BTC you will normally want to be able to immediately spend the coins as fiat and not having to wait for up to a few days. Thee are already alternatives for Bitcoin debit cards that we have tried and that offer users to immediately spend their available coins in a wallet or loaded to the card as fiat such as Xapo Bitcoin Debit Card or E-coin Bitcoin Debit Card. Though having more alternatives and different options can be helpful at times, especially in the world of crypto currencies, so this is one more option for a Bitcoin debit card that you can have.
– For more information about Bitwala and to try out the service yourself…
Bitfury, the best-funded miner through investments has today announced the mass production of its 16nm Application Specific Integrated Circuit (ASIC) Chip, a project that was in development since the beginning of 2015. Bitcoin mining behemoth BitFury has revealed that it will begin mass production of its 16 nm mining chips following testing that has met expectations. The company revealed 40 gigahash per second design target for the chip, with a power efficiency of 0.06 joules per gigahash, a figure that hasn’t been attained in the industry, yet. The company cites “rigorous testing,” with results for measured power efficiency on average […]
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The Securities and Exchange Commission (SEC) has approved Overstock.com’s plan to issue company stock via a blockchain-based technology, according to Wired. Overstock has already used the block chain to issue private bonds, which do not require regulatory approval. The SEC has approved an amended Form S-3 which would enable the company to issue securities using block-chain-based technology. Patrick Byrne, CEO of Overstock, was to announce the news at a San Francisco, Calif. bitcoin conference Tuesday evening. Byrne told Wired the date of issuing a public security on the blockchain is high on its priorities in 2016, but he did not say […]
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Donald Trump is wrapping up misguided policies that will potentially threaten the U.S. and global economy with sensible supply side reforms, warns the boss of one of the world’s largest independent financial advisory organizations. The comments from Nigel Green, founder and chief executive of deVere Group, come as the outspoken billionaire frontrunner prepares for the latest Republican presidential candidate this evening. Mr Green observes: Trump is a Big Picture guy – and he has the soaring rhetoric to go with it. But the details of his economic plans appear sketchy. The nuts and bolts of ‘Trumponomics’ are somewhat hard to […]
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The Central Bank of Kenya (CBK) has warned that virtual currency is insecure and could fund terrorism, according to the Daily Nation. This comes a day after a court ruled that Safaricom, the nation’s largest cell phone provider, will not have to reinstate access for BitPesa, Africa’s largest bitcoin trading platform, to M-Pesa, the mobile payment service. BitPesa, a bitcoin payments and remittance service which uses the Safaricom telecom, and Lipisha, the payment gateway for both BitPesa and M-Pesa, are suing Safaricom in Kenya, CCN recently reported. Safaricom stopped Lipisha from processing M-Pesa transactions and later reinstated it as […]
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This year will go down as the year of the personal data breach. Consumers all over the world are learning their personal information is not safe with businesses, health insurers, financial institutions, the government, and even the educational sphere. Estimates of the number of personal records exposed in 2015 range from 176 million to more than 193 million from about 730 breaches.
The post 2015: The Year Of The Breach; Close To 200 Million Personal Records Exposed appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
Bitcoin Press Release: CHICAGO, Illinois – December 15, 2015 – DNotes today announced the early 2016 release of a book for small business owners. The announcement comes on the heels of October’s revelations about the company’s plans for the launch of a new for-profit enterprise next year. DNotes officials have confirmed that the new company launch and the planned book release are part of an ongoing strategy to differentiate the DNotes ecosystem and better serve partners and customers throughout the cryptocurrency industry and beyond. According to respected entrepreneur, technology visionary, and DNotes co-founder Alan Yong, the new company will fully […]
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Bitcoin price action is awkward due to hesitancy and frequent profit taking. Yet, price has continued pushing higher all day and we look at the prospects going into tomorrow's Fed Rate announcement. 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 BTCC 1-Hour Chart From the analysis pages of xbt.social, earlier today: The bitcoin price chart looks to be pushing higher despite tomorrow being a day best spent out of the market. […]
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In signs reminiscent of November’s early price surge, Bitcoin price is climbing with an upward trajectory and striking similar numbers achieved in the first week of November. Today, the Bitstamp Price Index (BPI) struck $450 in an upward swing following a late rally from $439.08 at 10: 02 PM UCT on December 14. Bitcoin price opened at $443.34 at midnight UTC before a 2-hour period which saw the BPI strike $450.06 at 2: 17 AM UCT. At the time of publishing, Bitcoin price stood at $455.09 while the day’s high reached $456.08. Bitcoin price recently soared past $400 on Wednesday […]
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Through a predominant public-private partnership program called Small Business Innovation Research (SBIR), the U.S. Department of Homeland Security (DHS) is looking to understand bitcoin’s underlying technology, the blockchain. The U.S. Department of Homeland Security through the SBIR’s Science and Technology Directorate (S&T) is now accepting proposals from small businesses comprising of fewer than 500 employees in at least 10 topic areas. Interestingly, the areas also cover the topics of “Applicability of Blockchain Technology to Privacy Respecting Identity Management” & “Blockchain Applications for Homeland Security Analytics”. Presumably, the former is looking for research into providing better awareness and the know-how for […]
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Poland is seeking out a regulated cryptocurrency to become a contender in European economics. Poland, a member of the European community, is pressing for regulation from the European Union because of the impact that it envisions. Wojociech Trusz, from Ministry of Economy, advises that: cryptocurrency can help Polish international competiveness. Europe must acknowledge the use of cryptocurrency through regulation, according to Trusz - who says that “this is a global phenomenon”. Trusz indicates that it could open doors to building a foundation for entrepreneurs and business if regulation was successful, but with regards to a common European market. To enhance […]
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The rapid growth of cryptocurrencies in recent years has resulted in a number of law enforcement actions by several U.S. government agencies. These actions demonstrate U.S. regulators’ interest in investigating fraud and other activities, according to Latham & Watkins, a Los Angeles-based, U.S. law firm. To give the cryptocurrency industry an overview of what agencies are taking action and provide insight into how to meet the various regulations, the law firm has released a report, “Enforcement Trends in Cryptocurrency.” “No doubt, in the coming years, cyptocurrencies will face increasing scrutiny, and thus it behooves both businesses and legal practitioners to monitor […]
The post U.S. Law Enforcement Actions Against Cryptocurrency Businesses: A Review And Suggested Guidance appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
Bitcoin price continues pushing higher in cautious but optimistic trade. Leading into major economic events, it is often prudent to stay out of 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: 14h30 UTC BTCC 4-Hour Chart From the analysis pages of xbt.social, earlier today: The 4hr chart, although slow and applicable over days and weeks, is looking bullish. The 20- and 200-period moving averages are ascending, and price is trading above […]
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Digital payments can deliver better immediacy and ubiquity than traditional retail payment systems and, therefore, could revolutionize payments, according to a recent Deutsche Bank research paper. The paper, titled “Instant revolution or payments? The quest for real-time payments,” recognizes bitcoin and the blockchain as playing an important role in payment technology as the need for real-time payments expands. In tackling the complex topic of instant payments, the paper reviews the different definitions of instant payments and establishes what it considers a good working definition. The European Central Bank (ECB), for instance, defines an instant payment as the real-time crediting of […]
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Bitcoin Press Release: Bitcoin has taken the gambling world by storm as an instantaneous, anonymous, speedy way of getting money in and out of online casino accounts. The result has been an explosion in the number of online casinos targeted exclusively at Bitcoin users. As competition hots up in this niche, Bitcoin casinos are starting to offer tempting bonuses that are increasingly on a par with what’s available in traditional online casinos. Bitcoin Casinos with Bonus Since its arrival on the scene in 2009, Bitcoin has been making waves throughout the financial world as people worldwide started to explore its […]
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Minnesota’s commerce commissioner has warned consumers in his state to be wary of bitcoin despite no reported bitcoin-related problems, according to Minneapolis The Star Tribune. The warning marks the third U.S. state regulator in a month to issue such a warning. Mike Rothman, the Minnesota commissioner, acknowledged that legitimate businesses are using bitcoin and developing legitimate uses for it to buy and sell goods. He also says there are no reports in Minnesota of consumers being scammed with bitcoin. He nonetheless warns there is a dark side to bitcoin and since it’s not backed by a government or a bank, there […]
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Empowering artists through the blockchain is something that has reached an international audience. Informing a global audience about the advantages of the blockchain far outweigh the negative publicity that it has received. In a TechCrunch interview at a Disrupt conference in London, Imogen Heap gives a detailed description of her MiMu gloves used in performances, but also a very real idea of future practices for artists- music that is- using the blockchain revolution that, she says "will fully blossom next year-2016." Public awareness has been characterized with pros and cons on the topic of blockchain technology and its effectiveness. Imogen […]
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Approximately 53 million Americans—1 in 3 workers—are considered freelancers, according to this 2014 report by independent research firm Edelman Berland. The so-called “gig” economy has garnered a lot of international attention. Even presidential candidates are commenting on it as an issue for the 2016 election.
The post A Primer On The Gig Economy appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
Bitcoin trading is approaching the coming week with caution and fortunately the chart provides us with some technical indications of what to expect before committing money to 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 Trading and Price Analysis Time of analysis: 11h30 UTC BTCC 1-Hour Chart From the analysis pages of xbt.social, earlier today: It’s easy to see things in the chart after a major move and the mind will suggest that another similar move […]
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US Treasury data combined with PBoC reporting suggests that China's foreign currency reserves experienced a strong decline in November. There are several explanations and some see bitcoin to be the beneficiary. 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 Fed Rates Announcement Mon 14 December N/A Tue 15 December N/A Wed 16 December USD FOMC Economic Projections USD FOMC Statement USD Federal Funds Rate (expected:<0.50% previous:<0.25%) USD FOMC Press Conference Making The News Last week, the Peoples' Bank […]
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Bitcoin price was showing signs of topping since yesterday and after a strong push to 3100 CNY and $480 (Bitstamp) price plummeted $100 in some exchanges before recovering during the day. 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: 11h30 UTC Bitstamp 1-Day Chart From the analysis pages of xbt.social, earlier today: The analysis below was already written by the time I post this and the price correction has begun. Price has triggered […]
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The Society for Worldwide Interbank Financial Telecommunications (SWIFT), a Belgium-based facilitator of global bank transfers, has launched a cross-border payments initiative to improve bank customer service by increasing transparency, speed and predictability of payments using the block chain. The project, called the Global Payments Innovation Initiative, will focus on business-to-business payments in early 2016, according to Silicon Angle. The service will help companies strengthen global supplier relationships and improve treasury efficiencies, according to the SWIFT website. Companies will be able to gain payments directly from banks along with features such as end-to-end payment tracking, same-day use of funds, fee transparency […]
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Bitcoin price is pushing closer to its November closing highs and technical analysis suggests a price correction to the downside is due. 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 BTCC 1-Hour Chart From the analysis pages of xbt.social, earlier today: So far, so good for our trade from $315 and 2730 CNY that now seems to be reaching a ceiling. The price wave may not reverse here, but draw sideways […]
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Bitcoin press release: Bitjoy, the world’s first Bitcoin-based user engagement and in-app purchase platform for mobile app developers, enters public beta this month. Over 2 million in-app engagements have already been paid out to users. Austin, Texas – With support for iOS, Android and Unity, Bitjoy empowers thousands of mobile app developers with the ability to accept Bitcoin for in-app purchases and reward Bitcoin to users completing engagements within their apps. Lynn Duke, founder of Bitjoy says, “…as 7-year veteran app developers ourselves, we saw a giant gap between Apple and Google tools compared to what’s available in the Bitcoin […]
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Kaspersky Lab CEO and co-founder Eugene Kaspersky says that cryptocurrencies are a brilliant invention while noting their viability in a single world government. He adds that if and when they start supplanting national currencies, governments will move in to ban them. Eugene Kaspersky revealed his thoughts about cryptocurrencies such as Bitcoin at a recent event in Russia. Speaking to assembled journalists during Kaspersky Digital Radio an open talk conference along with other prominent governmental and banking figures from Russia, Kaspersky sees the innovation and the creation of cryptocurrencies as a “brilliant invention.” The full video of the talk event, courtesy […]
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Sberbank, Russia’s largest bank in net assets intends to join the R3-led international blockchain consortium, according to reports. As reported by Russian news publication Kommersant, Sberbank, Russia’s biggest bank with over three times the net assets over its closest competitor is keen on joining the global consortium of 30 banks and financial institutions led by New York-based R3. Speaking to be publication, Sberbank’s First Deputy Chairman of the Management Board, Leve Khasis, confirmed the bank is keeping a close eye on the evolution of blockchain technology. He added the bank is looking into the documentation pertaining to R3 and pending […]
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Following a document trail that claimed high-performance computing firm SGI was partnering with Craig Wright and his supercomputer firm, Cloudcroft Supercomputers, SGI has now denied any relationship with alleged Bitcoin creator Craig Wright. A letter, complete with the SGI letterhead and the signature of SGI APAC service director Greg McKeon had the computing firm contend that it was assisting Cloudcroft Supercomputers Australia and its founder & CEO Craig Wright in developing “hyper-density machines and supercomputers.” The letter also claimed a previous endeavor between SGI and Cloudcroft to build the latter’s first supercomputer called Sukuriputo Okane, deemed to be ranked #327th […]
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Bitcoin price corrected sharply after pushing to a new advance high, yesterday. Currently, price is once again advancing. 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 BTCC 1-Hour Chart From the analysis pages of xbt.social, earlier today: The 1-hour chart shows price moving into the space created by two rising Fib lines. The launch higher commenced at 13h00 UTC but quickly ran out of momentum before price could make a new […]
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eCurrency Mint (eCM), a Dublin-based company that has pioneered a new technology that enables central banks to issue digital fiat currency, has received an undisclosed amount of Series C funding from Omidyar Network, a global investment firm launched by eBay founder Pierre Omidyar. The investment helps sets the stage to establish digital fiat currency, which portends numerous benefits over physical currency for bankers, merchants and consumers. The Wall Street Journal also has an article noting that eCM has met with 30 central banks which are exploring digital currency backed by governments since it lowers the cost of currency. Jonathan Dharmapalan, […]
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If you don’t want to get sucked into a scam, subject your funds to cyber attack or lose value to currency fluctuation, the Connecticut Better Business Bureau warns you to be wary of bitcoin. The bureau has released a warning to businesses, investors and consumers about using virtual currency. It warns virtual currency is subject to minimal regulation, is susceptible to cyber attacks and is not backed by any government. It warns that con artists are hawking investment swindles with it. Hundreds of thousands of merchants, including major retailers, now accept bitcoin, the bureau notes in its press release. Bitcoin […]
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A new update in the form of a Windows binary compiled from the latest Git source code of the ccMiner 1.5.75-git SP-MOD fork by SP optimized for the latest Maxwell-based video cards (source). The new release 75 marks a significant change as the project is now migrated to CUDA 7.5 and is compiled with it as a result the initial release may have slower hashrates for some algorithms than the last CUDA 6.5 release 74. Quark and Lyra2v2 should initially have pretty much the same hashrate while Qubit, X11 and X13 for example should be slightly slower. The most notable decrease in performance is with NeoScrypt, so if you are mining NeoScrypt crypto coins you should not be in a hurry to switch to the 75 release, though we are most likely soon going to see it catching up, so do not forget to support SP with a donation. 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 7.5 and VS2013.
– To download the latest ccMiner for Maxwell version 1.5.75-git by SP for Windows OS…
Fresh from launching its Ethereum-powered blockchain platform for customers of its cloud platform Azure, Microsoft has revealed it intends to add Ripple, an interledger protocol to its blockchain-based toolkit. Microsoft originally made the announcement to offer an Ethereum-blockchain solution for its customers after striking a partnership with ConsenSys toward the end of October. The objective was simple. Collaborate with the Brooklyn-based startup to grant Microsoft’s enterprise users the necessary tools to use the Ethereum Blockchain-as-a-Service (BaaS). The applications would allow Azure customers to experiment with blockchain in a sandbox, without any substantial costs or crypto expertise. At the time, two […]
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Bitcoin Press Release: San Francisco – BankersLab® is pleased to announce that it has closed its Angel Round comprised of financial and tech sector executives from the US, Germany and Singapore. The US-based FinTech is utilizing the funds to accelerate development of it’s spin-off product PortfolioQuest, a self guided, SaaS based simulation training product for the retail banking and Fintech industries. After boot strapping BankersLab, the company took B2B bank customer feedback to heart and is accelerating development of PortfolioQuest. Whether in a bank or FinTech, financial services employees find they need to be better equipped to tackle the complexities […]
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A few days ago we have talked about the E-Coin Bitcoin Debit Card and meanwhile we have also received our physical Bitcoin debit card from the service and have tried it out already. Prior to that we were using a virtual Bitcoin powered debit card that is also being offered by the service, a product that is good only for online payments, but you get it almost immediately and it offers you an easy way to spend Bitcoin at places that do not directly accept BTC payments. But back on the physical Bitcoin powered card that we got from the service, to our surprise it was not branded plastics like the images shown on the official website, instead it comes with a default prepaid Visa debit card design that is supplied by the card partner that is used – in this case it is My Choice – the same partner that Xapo uses for their online Bitcoin-powered cars as well.
The E-Coin virtual and physical Bitcoin-powered VISA debit cards do have a separate balance than your balance in the online wallet you also get when you register for the service. This means that once you have some BTC in your E-Coin online wallet they will not be immediately available for use in your Bitcoin debit card, you will have to load some of the coins in the card’s balance in order to be able to use them. This allows you to move only a certain amount of coins in your card whenever you want to make a payment with the amount you need to pay, unlike with the Xapo card where the wallet balance is directly available for use with the card as well. Do note that sending BTC to your E-Coin wallet requires at least 3 network confirmations for the coins to be credited in the wallet and then you can immediately move some of these coins or all of them to the card “loading it” without further waiting time, though these seems to be some small fee for the transfer to the card that you are being charged. When you load the card with BTC you set the amount in coins that you already have in your online wallet an they are being converted to the currency that the card is in such as EURO for example based on the current exchange rate. So you exchange the coins to fiat money when you load the card with the current exchange rate unlike with Xapo for example where the conversion happens when you are actually making the payment from the card.
– For more information about the E-Coin Virtual and Physical Bitcoin-powered Debit Cards…
