Cheap Energy Draws Bitcoin Miners To Northwest, Bringing Discriminatory Rate Hike Controversy

Low electricity rates in Washington and Oregon have attracted bitcoin miners. But the influx has also courted some controversy after one utility along the Columbia River proposed raising rates specifically on the bitcoiners, according to Northwest News Network, a collaboration of public radio stations. Washington and Oregon have low electric rates on account of hydropower dams. The utility, the […]

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Bitcoin Price Finding Support?

Bitcoin price is meandering in a narrow trading range near its January lows. There are few helpful technical signals in the current chart, but a support level may be forming around $380 and 2500 CNY. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now […]

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Bitcoin Price And The Bear(TM)

Bitcoin price is caught in a negative social mood. Trading below the critical $400 level, and descending, what can we say? 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 […]

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Bitcoin 2.0: Fantasy Or Inevitability?

The blockchain – upon which Bitcoin is based – has been the center of heated discussion in recent months. The blockchain is a means of sending digital messages between parties whose purported history can be trusted.  Bitcoin 2.0 companies and the “promises” of the blockchain have become a recurring theme in the Bitcoin space. Some […]

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New and Improved Ethereum Wallet 0.3.9 (Beta 6) Released

The official Ethereum graphical wallet is improving and getting more user friendly with each new beta release, making it easier for people that are not very happy with the console only clients such as geth and eth. The wallet relies on geth (by default) or eth as a backend and provides a user friendly interface with the most important information and functions available to the user without requiring him to type console commands to execute them. The latest Beta 6 release makes it easier to backup your wallet by adding a menu command that takes you directly tot he folder where your wallet is being stored, so the only thing you need to do is to copy the file in a safe location. The new wallet comes with a button called Deposit using Bitcoin that invokes integrated support for ShapeShift allowing you to easily and quickly buy Ether coins and have them easily transferred to your Ethereum wallet. Although the button is called Deposit with Bitcoin you can actually use other altcoins supported by ShapeShift to purchase Ethereum with the needed support built-in right into the wallet. Another useful new addition is that the wallet will now show historical prices from the time of the transaction thanks to integration with the CryptoCompare service, so you will know what was the exact fiat value of the Ethereum transaction at the moment you have made it.

– To download an try out the latest official Ethereum GUI Wallet 0.3.9 (Beta 6)…

Will Bankers Go to Jail if the Market Collapses Again?

The financial crisis in 2008 served as a stark example for everybody about the volatility of the global economy. This month, we’ve had numerous other reminders as the US stock market experiences its worst ever start to any year ever. Quickly after the financial crisis, derivatives positions increased to new highs. Many of the behaviors […]

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Growth & Adoption The Main Goal For Bitcoiners

The block size debate has made clear what Bitcoiner’s value most: adoption and growth. It seems these Bitcoin values have trumped the mere survival of the Bitcoin market. As many Bitcoin experts (like Gavin Andresen) have noted thus far in the block size debate, Bitcoin can survive as is, the only thing which the block […]

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Dash Increases Its Block Size as Founder Confirms Instantaneous Transactions

As the #3 cryptocurrency in the world for consumer payments behind Bitcoin and Litecoin, Dash is in the spotlight for doubling its blocksize (from 1 MB to 2 MB) recently. Furthermore, the alternate currency claims to be superior to Bitcoin in a number of ways such as: aiding in better person-to-person commerce  due to its […]

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Ripple Teams With SBI Holdings To Meet Rising Asian Demand For Cross-Border Payments

Ripple, a provider of financial settlement solutions, and SBI Holdings, Inc., a financial services company, have partnered in launching a new company, SBI Ripple Asia, to serve China, Japan, Taiwan, Korea and ASEAN countries. SBI Ripple Asia will establish a sales and engineering group to sell and install its enterprise solutions for cross-border payments at banks. […]

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First Bitcoin Capital Corp. Signs Evaluation Pact With Emercoin, Will Promote Its Technology

First Bitcoin Capital Corp., which bills itself as the first vertically-integrated, publicly-traded bitcoin entity, has signed an evaluation agreement with Emercoin International Development Group to provide distributed blockchain services for business and personal use. First Bitcoin Capital Corp. is a Vancouver, Canada-based mining company holding concessions in gold in Venezuela and is working on a […]

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Goldman Sachs and “The Digitization of Finance”

Goldman Sach’s co-head of technology, Don Duet, was recently featured on a company sponsored podcast titled “The Digitization of Finance.” The topics were broad, the resolutions ephemeral. But what is most important is that industry juggernauts are coming around to meaningful recognition regarding tech adoption. In Duet’s half-hour interview he addressed both the macro and […]

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New Hampshire Not Quite Ready To Accept Bitcoin Tax Payments This Year

The state of New Hampshire isn’t accepting tax payments in the form of Bitcoin, yet. In what would have otherwise been a landmark legislative development in the application of Bitcoin, the New Hampshire House of Representatives has collectively decided that they are not quite ready to accept tax payments in the form of Bitcoin. Last year […]

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FortuneJack Launches Bitcoin Poker Platform With Rakeback, Freerolls and More

Bitcoin Press Release: FortuneJack Casino recently launched their Bitcoin Poker platform offering freerolls, up to 40% rakeback and more. Players can also purchase Bitcoin directly from the website or use the casino’s own cryptocurrency exchange. Provably fair Bitcoin casino FortuneJack is pleased to announce the launch of their new Bitcoin Poker platform. Anyone can play […]

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Closing the Loop: Bringing a Trillion Dollar Industry to Bitcoin

Bitcoin Press Release: A small development team from Australia are poised to bring a potential trillion dollar industry to bitcoin. A team of three 20-something developers (Jesse Gileppa, Dao Zhou and Julie Lovisa), lead by Noel Lovisa, have created an entirely new software development technology, a technology that utilises a peer-to-peer network of software experts […]

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How The Blockchain Is Changing The Music Business

The blockchain is allowing musicians to monetize their work and engage with fans more directly, according to a recent CNN news report by Edith Suarez. By embedding music in the blockchain, those involved in its creation can get paid immediately in cryptocurrency. Hence, the blockchain has the potential to change the way the music industry operates. The […]

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Online Cloud Staking Platform for PoS Crypto Coins

One of the main issues for users that are into altcoins are coins switching to PoS (Proof of Stake) or supporting both PoW (Proof of Work) and PoS (Proof of Stake) is that they need to run multiple wallets all the time usually with very low interest rate to keep them motivated. Of course the idea of PoS is to keep the network operational and with multiple nodes by stimulating users with rewards to keep their wallets running all the time, but this rarely happens as planned. This is precisely why the user interest usually drops in coins once they go to PoS pretty quick, but there is an interesting solution that might help users not loose interest in PoS coins and avoid the inconvenience of running multiple coin wallets all the time. Staisybit is an online wallet for multiple crypto coins that allows users to keep their coins stored in it and have them staked, earning rewards based on the interest rate that each coin has with very low fees. This will save you the trouble of running multiple wallets that can be heavy on the computer they are installed and require a lot of resources, especially if they are more than just a few coins. The drawback will be a smaller number of users running the wallet and supporting the network of the specific coins as the service runs a single wallet per coin with multiple users, but then again it is also about the convenience of the users.

Staisybit has been available for a while apparently, but it is not very well known among users apparently and is not very popular, even though it provides interesting service and is easy to use and works well. Currently the service has support for 13 different coins with PoS, they are: Bitz (BITZ), Blackcoin (BLK), Diamond (DMD), Energycoin (ENRG), Europecoin (ERC), Fuelcoin (FUEL), Noblecoin (NOBL), OKCash (OK), Shadowcoin (SDC), Sterlingcoin (SLG), Vericoin (VRC), CoinMagi (XMG) and Quotient (XQN). Once you register (set a secure password with small and big caps and numbers) you need to Open Wallet for the supported coin you like and send in some coins in order for the staking to start. The service can use a bit of polishing and needs some more information and details such as info on all supported coins as some of them might not be familiar to many users etc, but is still quite good and might be useful to some users.

– If you are interested in checking out the cloud staking online wallet service…

Deloitte Delves Into The Blockchain Conversation with Interactive Branded Paper

In an interactive branded paper on their website, Deloitte singles out blockchain as being the “Enigma. Paradox. Opportunity.” Deloitte, being an internationally recognized firm that provides audit, consulting, tax, and advisory services to some of the largest companies in the world clearly wants in on the potential action. Discussion continues to swirl around Bitcoin and […]

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Revisiting the Coin Magi (XMG) CPU-only Altcoin

We haven’t paid a lot of attention lately to alternative crypto coins that are mined only with CPU with no GPU, FPGA or ASIC miners, so we’ve decided to check what is going on with Coin Magi (XMG) as we haven’t been following it actively the last few months. Coin Magi is a PoW and PoS coin that is currently being traded for a little over 2000 satoshi per coin, it is being traded on multiple altcoin exchanges including some of the largest ones, though the trade volume at the moment is pretty low and there are multiple pools where you can mine the coin if you do have some spare CPU power available and you are wondering what to mine.

Coin Magi (XMG) uses the M7M algorithm and besides CPU mining and staking coins you can also rent mining rigs at the Mining Rig Rentals service. Last year we have tested the most up to date miner available for XMG – the Wolf0 m7m v2 cpuminer on an Intel Core i7 5820k CPU and now we have retested again in order to compare it with a more recent release in the form of a dedicated m-minerd for XMG (source) that is based on Wolf0’s code. The 32-bit version is significantly slower, so we do recommend to go for the 64-bit miner for best performance, but interestingly enough we are getting slightly less performance for, the new miner. The advantage that the new m-minerd miner for the M7M algorithm has an option for that allows you to set the percentage of CPU usage you want the miner to take.

Intel Core i7 5820k (6C 12T) CPU:
– Wolf0 minerd 64-bit – 122 KHS
– m-minerd 32-bit – 64 KHS
– m-minerd 64-bit – 119 KHS

– To download and try the Coin Magi (XMG) m-minerd CPU miner compiled for different OSes…

Bitcoin Price Cynicism Pulling Us Down

Bitcoin price is under the control of the bears. Cynical sellers are pulling us lower according to their sense of Bitcoin’s value. Bitcoin Core is 100% censorship resistant and will never go away. 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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Bank of America Drawing up 20 More Cryptocurrency & Blockchain Patents

In addition to 15 previously filed blockchain-related patents, Bank of America is now reportedly drafting up another 20 patents that will be submitted to the US Patents and Trademark Office (USPTO) later this month. While numerous reports from regulators, settling houses and even governments talk up the potential of Bitcoin’s underlying technology – the blockchain, […]

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Bitcoin as a Corporation

Bitcoiners like to defend their community by proclaiming it just that – a community. But, what if in a court of law, Bitcoin could be defined as a corporation. What would this mean for Bitcoiners? If the so-called Bitcoin Community were declared a corporation, the precedent would then be set for online creation communities to […]

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Blythe Masters Takes The Blockchain To Primetime

Blythe Masters, formerly of JP Morgan, has raised $54M for her company Digital Asset Holdings. Apparently she changed some of the naysayer’s minds about Digital Asset Holdings. The group focuses on blockchain solutions that address, in Masters’ words, “real world financial problems including settlement latency, risk, managing down operational costs, reducing the need for capital requirements” […]

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Blockchain Capital Seals Second Startup Fund after Raising $13 Million

Venture capital firm Blockchain Capital has announced the closure of its second fund used for investments in bitcoin- and blockchain-companies after fundraising $13 million in total. Blockchain Capital, a venture capital firm that set the precedent as the first investment fund for the digital currency industry has sealed its second startup fund for $13 million. […]

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Updated ccMiner 1.5.78-git Fork by SP with Vanillacoin Blake256 Support

New update in the form of a Windows binary compiled from the latest Git source code of the ccMiner 1.5.78-git SP-MOD fork by SP optimized for the latest Maxwell-based video cards (source). The latest release adds support for the new Blake256 algorithm that Vanillacoin (VNL) has just forked to from WhirlpoolX. Do note that the Blake256 algorithm used by Vanillacoin is slightly different from the one used by BlakeCoin, so you need to use the one specifically for Vanillacoin! 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 1.5.78-git with Vanillacoin Blake256 support…

Japanese Exchange Bitflyer Invests in IoT Startup Through a ¥50 Million Fund

Japanese exchange Bitflyer has announced a 50 million Yen investment into a new fund which will see Osaka-based IoT startup Sivira as the first company to benefit from the fund. According to the exchange, this is in an effort to support and encourage the growth of blockchain businesses in Japan. Bitflyer has termed this new investment activity, “Block Chain Angel […]

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Bitcoin Price Pre-Fed Announcement

Bitcoin price slammed down to support early today before embarking on a persistent rise that is now correcting. A directional move is imminent and today’s Fed rates announcement may be the watershed. 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 […]

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Why Bitcoin Isn’t Dead

Milo Yiannopoulos, the technology editor for Breitbart.com, a global news site for independent and conservative-leaning thinkers, admits he first believed the recent media coverage that bitcoin was dead due to Mike Hearn’s declaration that such was the case. But Yiannopoulos, who is also an entrepreneur, quickly realized that bitcoin’s price has been stable and that […]

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Europol Report States No Evidence of Terrorists Using Bitcoin

A Europol report that establishes a review of EU member states and the Europol in the aftermath of the terrorist attacks that struck Paris in November 2015 has found no confirmed evidence that suggest Bitcoin is used for terrorism financing. A report by Europol – the European Union’s law enforcement agency, has aggregated and established […]

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Vanillacoin (VNL) Forking from WhirlpoolX to Blake256 Algorithm

Vanillacoin (VNL) has forked to Blake256 as the default Proof-of-Work algorithm from the previously used WhirlpoolX algo, so you need to upgrade your wallet to the new version 0.4.3 and update your mining software as well to support the new Blake algorithm. Do note that the Blake256 algorithm used by Vanillacoin is not exactly the same as the one used by BlakeCoin as VNL uses double sha256 instead of single sha256. Tpruvot has already added support for the new Vanillacoin algorithm in his ccMiner fork (source), so you can use that for mining on Nvidia GPUs and soon we’ll probably see it in other forks as well. Support for the new Blake256 algorithm used by Vanillacoin is also available in a forked cpuminer-multi CPU miner (source) if you want to try CPU mining VNL. Below you can download updated Windows binaries for CPU mining (cpuminer-multi x64), Nvidia GPU mining (ccMiner) and AMD GPU mining (cgminer) if you want to try mining Vanillacoin with the new Blake256 algorithm.

– To download the CPU, AMD and Nvidia GPU miners for Vanillacoin Blake256 for Windows…

Why Did Satoshi Nakamoto Abandon Bitcoin?

If you had created something that had gained popularity across the world, would you stop working on it? That’s what Satoshi Nakamoto, the anonymous founder of Bitcoin, did. People have many different theories as to why he did that. Numerous news outlets – like Newsweek and Wired – have tried to uncover the real Satoshi […]

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Bitcoin Group Float Doesn’t Catch On, Listing Date Pushed Back Again

Australian bitcoin miner Bitcoin Group’s official public float on the Australian Securities Exchange (ASX) fell significantly short of its goal of raising $20 million AUD. The cryptocurrency miner raised $367,902.20 AUD. Melbourne-based Bitcoin Group, a miner that has repeatedly attempted to become the world’s first publically floated Bitcoin trading company had the date of closure […]

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Lithuanian Law Enforcement Official Warns Terrorists Could Fund Activities With Bitcoin

The director of Lithuania’s Financial Crime Investigation Service (FNTT) warned that terrorists could use bitcoin to fund their activities in the future, according to delfi.lt, a Lithuanian news site.   The director, Kestutis Jucevicius, said at a press conference in Vilnius that bitcoin can potentially benefit groups involved in trafficking arms, human beings and drugs. […]

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Follow My Vote And Webroots Democracy Release Secure Voting Report in Combination with Verizon

Bitcoin Press Release: WebRoots Democracy, in partnership with Follow My Vote and other industry leading experts, has released a report entitled “Secure Voting: A guide to secure #onlinevoting in elections.” The purpose of the report, which was written by global experts and authoritative academics, is to explore and document the possible security models for online […]

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Crowdfunded Bitcoin Casino Bet King Paid Out Over 15 Million USD During 2015

Bitcoin Press Release: Popular Bitcoin casino platform Bet King paid out over 35 000 Bitcoin of winnings during 2015, and has many plans for 2016. 2015 was a big year for gambling giant Bet King. The team rebranded from Pocket Rockets Casino, added new games to their portfolio and had the biggest bet placed in […]

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Digital Asset Secures $52 Million from 13 Global Financial Firms

  New York-based Digital Asset Holdings (DAH), the Blythe Masters-led firm that provides distributed ledger technology solutions for the financial services industry has completed a round of funding that exceeded $50 million from varied leading firms in the financial industry. The announcement was made last week when the blockchain startup revealed 13 global firms in […]

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Storj DriveShare Test Group B 2 PB Milestone Reached

Storj has announced that they have achieved another milestone in their testing phase, passing 2 TB of total storage shared by over 750 users currently participating in the Test Group B running the DriveShare application and sharing free space on their hard drives. Storj still has about 400000 SJCX to distribute as rewards for Test Group B users (users are required to have at least 10000 SJCX in their wallet in order to receive rewards from the beta testing). The Test Group B will continue to run until the promised rewards are distributed and then Test Group C will be launched which will be focused on testing actual file transfers on the P2P network including latency, bandwidth, throughput and more. For the moment the software only generates dummy data on the user’s hard drive for the shared amount of storage and does not download or upload it, so the next testing step will be focused on that part of the functionality of the service.

Recently we have posted a short guide on how you can participate in the Test Group B using the latest version of the DriveShare GUI software along with our experience going through the process of creating a StorjCoin X wallet and getting more than 10000 SJCX in it in order to be eligible for the rewards in Test Group B, so we are going to keep you updated on the testing progress and future development. You can test the DriveShare GUI software even if you do not have the 10000 SJCX coins in your wallet, but then you will not be eligible for getting rewards for your efforts. With that said if you are in for the rewards you should not expect to get too much SJCX coins as a reward for your help at the end of each month for participating in the testing phase, the rewards are there more as a token of gratitude for helping in the development of the service.

A Newly Announced Partnership Could Mean Increased Bitcoin Adoption in Vietnam

A partnership between Bitcoin merchant services provider Coinify and Bitcoin Vietnam Co. Ltd., Vietnam’s first bitcoin exchange will see advanced merchant processing tools for the Vietnamese market. The new platform will be applicable both online and in point-of-sale outlets in shops around the country. Danish bitcoin- and blockchain-based currency merchant processor, Coinify has announced a […]

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Bitcoin Price Analysis: Groundhog Day

Bitcoin price is failing to make new highs, and the price slam-downs are similarly failing to generate sellers’ participation to new lows. Much like every day during the past week. 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 […]

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Zimbabwe Remittance Service Bitmari Enters Beta Phase

Bitmari, a bitcoin-based money remittance service for the African market based in Zimbabwe, has entered its beta phase, according to techzim.co.zw, a Zimbabwe technology news site. A meeting is planned for Thursday in Harare to answer questions. The service has been signing up users for the past few months and is working to meet Zimbabwe […]

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Bitcoin Is No Longer Digital Gold, It’s A Distributed SWIFT

The notion of Bitcoin as digital gold is as old as the decentralized crypto-currency itself. Even in original writings, Bitcoin creator(s) Satoshi Nakamoto wrote about how he intended to design a digital gold. For instance, the mining of Bitcoin – which entails computer processes – was intended to mimic the mining of gold. That there […]

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Get You Ethereum Cloud Mining Hashrate from Genesis Mining

It the last few days we have seen a rapid increase in price of the Ethereum’s Ether coins on the exchanges with the price of 1 Ether coin trying to reach the $3 USD mark and getting closer and close to the price of Litecoin. This has sparked a lot of user interest among users that are new to Ethereum and that have not yet mined it with their GPUs, so we’ve seen a lot of new miners joining the Ethereum mining and a lot of interest in cloud mining for Ethereum as well. AMD GPUs are generally doing better than Nvidia-based ones for mining Ethereum, though you can mine with both. For the moment the only service that is offering Ethereum cloud mining is Genesis Mining with 1 year mining contracts starting at $17.99 USD per MHS. The minimum contract you can purchase is 3 MHS and each contract includes all fees in the price of the hashrate, so there is no additional maintenance fee associated with it. The good news is that you can get an extra 5% discount from the regular price by using our coupon code CryptoMiningBlog5 during the checkout.

– You can get more information about the new Ether Cloud Mining Contracts by Genesis Mining here…

Emercoin: Leading the way Towards a Decentralized World; An Interview with CCO Jason Cassidy

Emercoin was founded in 2013 as a hybrid of PPCoin and Namecoin and was established with the vision of creating a fully functioning merchant platform. This was achieved and now Emercoin is at the forefront of crypto development. Over the past 2 years, the project has developed many interesting features. My favorite feature developed so far is the advertising […]

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Rutgers Study: Misconceptions Common About Bitcoin’s Privacy And Ease Of Use

Bitcoin has a ways to go when it comes to being understood by the general public and even by today’s bitcoin users. A recent study by Janne Lindqvist, an assistant professor of electrical and computer engineering and a member of the Rutgers Wireless Information Network Laboratory, revealed that people who have not used bitcoin don’t think […]

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Nanopayments Software Developer SatoshiPay Seals €360K Seed Round

Bitcoin nanopayment platform SatoshiPay has announced the completion of its seeding round that raised a total capital investment of €360,000, with blockchain-startup investor Coinsilium bringing in €150,000 to the round. Blockchain technology investor Consilium, a London-based firm known for supporting blockchain-startups at their early stages as companies has revealed its latest investment via a regulatory […]

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Brave Browser Seeks To Revamp Web Ad Revenue Model Using Bitcoin

Brendan Eich, co-founder of Mozilla and creator of the JavaScript programming language, has developed a new browser that will block unwanted web ads and replace them with ads generated by Brave. Eich’s goal is to make the browsing experience easier, to allow users to see ads they are more likely to want to see, and […]

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The Bitcoin Network Hashrate Has Passed 1 Exahash

The total network hashrate of the Bitcoin network has reached another major milestone, passing over 1 Exahash per second or 1000 Petahashes per second peaking at 1,008,642,232 GHS according to the data from Blockchain.info. Interestingly enough the total network hashrate at the previous difficulty adjustment on January 13th was just about 811 Petahashes and back in November last year the hashrate was just about 500 Petahashes per second or half than what it is now. This is really serious and fast growth of the total network hashrate that Bitcoin is experiencing doubling in just about two months. So what comes next after Exahashes per second, can you guess when the network hashrate will get to Zettabytes or Yottabytes… maybe we are going to see these in the near future if it continues to grow at such fast pace.

Wall Street’s Settling House Points Industry toward the Bitcoin Blockchain

The Depository Trust & Clearing Corporation (DTCC), the post-trade clearing and settlement service that powers every single trade in the $22 trillion U.S. stock market has called for an industry-wide collaboration to adopt blockchain technology. A new white paper issued by the DTCC has called for a coordinated effort among the financial industry to realize […]

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How China’s Plans to Launch Its Own Currency Might Affect Bitcoin

China’s central bank, the People’s Bank of China (PBOC) has revealed that it is in discussions to launch its own digital currency. What does this mean for Bitcoin? A statement by the PBOC about issuing its own digital currency is making its way around the globe and has people wondering about the consequences..  Here are some of […]

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Bitcoin Price Being Bid Higher?

Bitcoin price has been trading sideways near $400 and 2650 CNY all day, and the price pattern resembles the kind of structure we see prior to both advance and decline. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount […]

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Watch the European Parliament’s Public Hearing on Virtual Currencies

The Committee of Economic and Monetary Affairs (ECON) will engage in a public hearing to discuss virtual currencies, an event that takes place in the European Parliament today. The live stream for the event can be found here. The 90-minute session will include discussion among academics, prominent members of the European digital currency- and blockchain-space […]

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Bitcoin and Blockchain Will Help Africa Achieve Global Inclusiveness, Says Kenyan Blockchain Incubator Founder

Space Kenya Networks Limited,  a Kenyan web development company, recently announced the launch of its blockchain incubator BitHub. CCN spoke with the director of Space Networks Kenya and founder of BitHub to discuss the crypto- and bitcoin-space in Kenya.  In a statement found on the  website, BitHub describes its mission as: “Solving problems using innovative […]

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Global Economic Outlook: Currency Positioning

A widely anticipated US dollar rally is caught between the proverbial Horns of the Bull, leaving the dollar in grid-lock. Meanwhile, the mainstream media turns up the volume of their cries of market woes – just as the decline pauses for a breather. This post is powered by the Bitcoin Trading Network xbt.social – CCN29 […]

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Wyoming Lawmakers Propose Equality For Cryptocurrency Transmitters

Lawmakers in the State of Wyoming have proposed a bill to require that cryptocurrency be treated the same as fiat currency under the state’s money transmitter’s act, according to the Wyoming Tribune Eagle. The purpose of the bill is to encourage bitcoin-friendly companies to want to do business in the state. Under the current law, […]

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Argentine President & Richard Branson Discuss Bitcoin

Sir Richard Branson, the founder of Virgin Group, spoke with the President of Argentina on a variety of topics, including drug control, space flight and Bitcoin. According to President Mauricio, the British entrepreneur expressed interest in investing in Argentina. According to the president’s Facebook page, the president “was very interested in the talk as Branson, […]

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New ccMiner Fork from DJM34 With Faster NeoScrypt

After a crowdfunding effort to accumulate 2.5 BTC from users DJM34 has released a faster open source NeoScrypt kernel (source). Apart from the NeoScrypt the rest is based on the latest ccMiner form from SP version 1.5.78 that uses CUDA 7.5, so it is pretty much useful only if you are mining NeoScrypt-based altcoin. We have compiled a Windows 32-bit binary of the new ccminer djm34 neoscrypt fork with faster NeoScrypt using VS2013 and CUDA 7.5 as well as CUDA 6.5 (two versions available), compatible only with Nvidia Maxwell GPUs (Compute 5.0 and 5.2). Below we have compared the Neoscrypt performance using GTX 970 of this new release with the ccMiner 1.5.74 from SP with CUDA 6.5 and ccMiner 1.5.78 from sp with CUDA 7.5 to see what is the performance gain. Note that the initial ccMiner releases from SP with CUDA 7.5 had brought a significant drop in performance in the NeoScrypt algorithm, so it was best to use 1.5.74 with CUDA 6.5 for NeoScrypt.

NeoScrypt GTX 970 hashrate performance:
– ccMiner 1.5.74 CUDA 6.5 SPMOD fork: 525 KHS
– ccMiner 1.5.78 CUDA 7.5 SPMOD fork: 275 KHS
– ccMiner djm34 neoscrypt 6.5 from djm34: 632 KHS
– ccMiner djm34 neoscrypt 7.5 from djm34: 611 KHS

Note that the comparison with 1.5.78 is with an earlier release that did not include the latest NeoScrypt kernel from djm34, because it seems that SP has integrated it in the latest GitHub code after the code has been released by djm34.

– To download the new ccMiner for Maxwell with faster NeosCrypt by DJM34 for Windows OS…

Bitcoin Price Reattempts $400

Bitcoin price found support at the base of the previous advance and surged to the upside during Sunday trade. 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 […]

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Ethereum on the Rise, List of Useful Resources

In the last few days Ethereum (ETH) has been on the rise even though the price of Bitcoin has dropped below $400 USD, we’ve seen ETH rise over $2 USD and surpassing Litecoin, fighting for the second place with Ripple, right after Bitcoin in terms of Market Capitalization. It is still not very clear what is the reason of the peak we are seeing, but if you haven’t been paying enough attention to Erhereum, then now you might want to get up to speed. Below is a list of updated resources to get you started if Ethereum is still a new altcoin for you…

Ethereum Mining:
– Quick Guide on How to Mine Ethereum on Windows…
– Quick Guide on Solo GPU Mining Ethereum on Windows…
– Ethereum ETH mining on Ethpool with a Stratum-enabled qtminer…
– Getting Started with Ethereum Using cpp-ethereum…
– List of the major Ethereoum Ether coin mining pools…

Ethereum Additional Information:
– Where You Can Buy and Trade Ethereum’s Ether (ETH) Coins…
– Track Ethereum (ETH) Prices with Ethereum Wisdom…
– Blockchain Explorers for the Ethereum Network…
– How to Backup Your Ethereum Wallet and the Blockchain…

Ethereum Extra Software:
– Download the latest official Ethereum GUI wallet…
– AlethOne desktop GUI and client for mining ETH…
– Ethereum Solo Mining Proxy for larger mining farms…

Other Ethereum resources:
– Get started with Ethereum cloud mining from Genesis Mining…
– Ethereum Faucet giving away free ETH coins…
– Ethereum Mining Profitability Calculator…

Why Zcash Released Its Code: Developmental Input In Search Of Privacy y

In releasing its source code to developers, Zcash is hoping to make its software more secure so that it can achieve its goal of being a truly anonymous cryptocurrency for the global marketplace. The source code’s release, reported by CCN, marks a developmental step in the effort to create a more private cryptocurrency. Some see it as the […]

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Bitcoin Price Plumbing Previous Support

Bitcoin price made a full retracement of the week’s advance and seems to be finding support at the base of the prior 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 […]

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Text Analysis Confirms Craig Wright Is Not Satoshi Nakamoto

A text analysis of Craig’ Wright’s writing by a specialist working with the U.K.-based International Business Times (IBT) has determined that the Australian is most likely not Satoshi Nakamoto. The company used a technique that compares texts written by Wright with anonymous texts believed to be sent by Nakamoto, including the original bitcoin white paper. Both […]

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BitFury’s Vavilov Has A Solution For Block Size Challenge, Rebuts Bitcoin Naysayers

Valery Vavilov, CEO of Bitfury, believes there is a solution to the current bitcoin block size challenge. In a recent video interview at TC Davos, he explained his solution and he also expounded on his belief in the future of bitcoin, taking issue with those who are proclaiming its demise. The solution to bitcoin’s block […]

The post BitFury’s Vavilov Has A Solution For Block Size Challenge, Rebuts Bitcoin Naysayers appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Bitcoin Exchange BTC-E Blocked by Russian Regulator

European bitcoin exchange operator BTC-e has revealed that users in the Russian Federation won’t get access to its website following a ban imposed by a Russian regulator today. In what may be sign of things to come prior to the review of a draft bill that seeks a Bitcoin ban by the Russian legislature , […]

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Blockchain.info’s Nic Cary Hits A Positive Note On Bitcoin in Newsweek Op-Ed

Today in his Newsweek Op-Ed, Blockchain.info co-founder Nic Cary has come out with a few straightforward arguments why he believes Bitcoin is still alive and well.   What he argues is that many of the reasons Bitcoin core developer Mike Hearn says Bitcoin has failed are prematurely spurned indicators that Bitcoin is actually succeeding. Cary points to some […]

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PricewaterhouseCoopers Puts Together Specialist Team for Bitcoin’s Blockchain

Global services powerhouse PricewaterhouseCoopers (PwC) has announced the assembling of a new global technology team studying Bitcoin’s blockchain. The world’s largest professional services firm has recruited 15 leading technology specialists to ‘exploit and commercialize’ Bitcoin’s blockchain, a press release stated. The now 15-member team is also expected to more than double over the course of 2016. […]

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Dash Block Size Increase to 2 MB Has Been Accepted

While the Bitcoin debate around the block size continues the alternative crypt currency Dash, formerly known as DarkCoin, has shown how a consensus about an increase of the block size can be reached quickly and efficiently. By holding a vote among its stakeholders to increase its blocksize, even if there is not yet immediate need of such an increase, from 1 MB to 2 MB a consensus has been reached within 24 hours with 99 percent of the vote for the increase. Currently each block of Dash contains less than 10 transactions on average and is justa few kilobytes in size, so there is not much need of 2 MB block size, however with the developers expecting the blocksize to grow over time the need for further increase in the not so near future can be avoided (learning from Bitcoin).

According to Coinmarketcap Dash is currently the 5th crypto currency in terms of Market Cap, however you can also say it is the third one after BTC and LTC if you take out Ripple and Ethereum due to the first being pre-mined completely and the second one with a very large initial pre-mine. Dash has some interesting and useful advantages as compared ot Bitcoin and some other crypto currencies including much faster transaction times, offering more anonymity and still being mined with GPUs only (no ASICs) using the popular X11 algorithm. Lately there have been some interesting and positive news regarding Dash that have also resulted in the price of the altcoin increasing a bit in the last few days.

Classic Bitcoin Price Not Happy About Classic(TM)

Bitcoin price declined today without printing a new low. It may only be the first wave of decline towards a Classic(TM) induced low but, ultimately, we know that Core development has a mid-year block-reward halving rally in store. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a […]

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Citi’s Chief Economist: Bitcoin a Complete Failure; Davos Elites Talk Bitcoin & Blockchain

The World Economic Forum discussion on financial services at Davos in Switzerland this week centered around popular financial technology, including Bitcoin and the blockchain. While some of the Davos elite believed such intense focus on the emerging technology is premature, others believe the sector is swiftly growing and should be a consideration in the wake […]

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Australian Stock Exchange Confirms Upcoming Blockchain For Settlements

The Australian Stock Exchange (ASX) Limited has announced that it is building a blockchain as a replacement for its current platform for clearing and settlement of trades. In an announcement today by Australia’s biggest stock exchange, the ASX has confirmed that it is developing a private blockchain with US-based firm Digital Asset as a post-trade solution […]

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Australian Stock Exchange Confirms Upcoming Blockchain For Settlements

The Australian Stock Exchange (ASX) Limited has announced that it is building a blockchain as a replacement for its current platform for clearing and settlement of trades. In an announcement today by Australia’s biggest stock exchange, the ASX has confirmed that it is developing a private blockchain with US-based firm Digital Asset as a post-trade solution […]

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SpectroCoin Intros USD- And GBP-Denominated Bitcoin Debit Cards

SpectroCoin, the U.K.-based bitcoin exchange and wallet, has introduced bitcoin debit cards denominated in USD and GBP, complementing its existing EUR-denominated cards. These cards remove the fiat conversion fees needed with regular debit cards when using a specific denomination in a foreign country. Bitcoin debit cards make it easier for bitcoin holders to use bitcoin […]

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MasterCard Interested In Blockchain But Doesn’t Want To Be “Blindsided”

MasterCard is looking to stay ahead of the curve by refusing to rush into integrating blockchain technology into their business model. Citing concerns regarding regulation, investment and security, MasterCard Chief Innovation Officer Garry Lyons stated why he didn’t want MasterCard to be “blindsided” by block chain in his comments at the World Economic Forum in […]

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BSave Launches Bitcoin Savings Account

London-based BSave has announced the launch of its Bitcoin savings account at the North American Bitcoin Conference in Miami today. Bitcoin service provider BSave has officially launched its savings account which credits an interest to the user’s account at the end of a 24 hour period, every day. The British company is opening its wallet […]

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Korbit Announced as First Launch Partner of BitGo Instant in South Korea

In an announcement via email newsletter today, Korbit, a South Korean Bitcoin exchange and wallet announced it is the first launching partner within South Korea to integrate BitGo Instant into their Bitcoin transfer and remittance protocol. BitGo is a Bitcoin security company that offers a multi-sig wallet and now BitGo Instant. Korbit is one of […]

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Why ‘Reports Of Bitcoin’s Death Are Greatly Exaggerated’

The debate about bitcoin’s scalability should be viewed as a positive indicator, not a negative one. Instead, it has delivered a barrage of negative media that might have affected bitcoin’s price. The reverberations around bitcoin developer Mike Hearn’s departure from bitcoin continue, but bitcoin’s price has begun to recover while the global stock market is […]

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Sick of Injustice and Corruption? Join the Movement at Let’sRiot.com

Are you sick of injustice and corruption in the world? Do you want a news source that is independent and wants to change the status quo? Join the movement at Let’s Riot and become a part of something meaningful. Something that can and will change lives in the coming years. We will only deliver groundbreaking […]

The post Sick of Injustice and Corruption? Join the Movement at Let’sRiot.com appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Bitcoin Price Holds Above $400

Bitcoin price has pulled back from its highs near $420. It is not immediately clear if this is merely a price correction or a reversal back into decline. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the […]

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JP Morgan CEO: Bitcoin is Going Nowhere

Noted Bitcoin skeptic Jamie Dimon was asked about Bitcoin during a recent televised interview. He doesn’t see the cryptocurrency going anywhere, although he does state blockchain technology “is real.” JP Morgan CEO Jamie Dimon appeared in a CNBC interview at the World Economic Forum in Davos, where the interviewer brought up the subject of electronic […]

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BSAVE Launches Next Generation Bitcoin Savings Account at North American Bitcoin Conference in Miami

Bitcoin Press Release: BSAVE launches its unique Bitcoin savings account connected to users Coinbase wallets that allows clients to receive daily interest payments. BSAVE is pleased to announce the launch of BSAVE’s flagship product at the North American Bitcoin Conference Miami. BSave will attend and sponsor the Bitcoin Miami Conference. During the conference, Bsave is […]

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Bitcoin Exchange Unichange.me Offers Virtual and Plastic Bitcoin Debit Cards and Much More

Bitcoin Press Release: Innovative Bitcoin exchange platform Unichange.me is pleased to announce instant virtual Bitcoin debit cards and a range of other essential services to the Bitcoin ecosystem. Unichange.me is a leading cryptocurrency and e-currency exchanger. It has been in the market of digital currency exchange since 2013. This digital currency exchanger is rightly seen as […]

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Bitcoin Competitor NXT Version 1.7.4 Goes Live: Decentralized Data Storage, Coin Mixing, and More

Bitcoin Press Release: Nxt, the innovative digital currency, blockchain platform, and Bitcoin alternative, launches Version 1.7.4 on January 23rd. New features to be integrated into Nxt include Account Control, the NXT Data Cloud and CoinShuffling. Over the last few months, the entire Nxt community has been working on what will be one of the most […]

The post Bitcoin Competitor NXT Version 1.7.4 Goes Live: Decentralized Data Storage, Coin Mixing, and More appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Zcash Launches in Alpha

In the game of anonymity, cryptocurrency fans have embraced Bitcoin and the blockchain technology which drives it. The technology does record and stamp the transaction, and is placed in the cloud, unlike Zcash, which sees its alpha release. Zcash has coded a decentralized network using a public blockchain. He and his team, a group of cryptologists, […]

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MiningSweden and the Expected Extra Payment for VIP Shares

The Bitcoin cloud mining service MiningSweden is now almost one year old now, though we have started testing and using the service back in May last year. The interesting thing about the company is that it offers two types of the so called mining shares that get you Bitcoin cloud mining hashrate – standard and VIP shares. The slightly more expensive VIP shares are supposed to provide users with extra profit based on the number of shares owned and the total profit of the company behind the project, besides the standard cloud mining hashrate that brings you mining profits. The extra payment that the VIP shares will bring their owners is supposed to be paid after the end of March when the company will close the business year and its profits will be calculated. So payments will be sent to VIP share owners in April most likely and we are going to finally see how the extra investment for VIP shares will pay out over the standard mined coins we got from the cloud mining hashrate.

Meanwhile there are still more VIP shares available (over forty thousand) from the total of 100K that were supposed to be available and sold to users, so you can buy not only standard mining shares with 20 GHS cloud mining hashrate per share for $9.69 USD at the moment, but also VIP shares in promotional multiple packs. You can currently get 1 VIP share along with 10 GHS cloud mining hashrate for $6.90 USD, pack of 10 VIP shares with 100 GHS for $68.25 USD, pack of 50 VIP shares with 500 GHS for $325 USD or 100 VIP shares with 1000 GHS for $614 USD. So far our experience using the service has been one of the most problem free and pleasant ones among all cloud mining services that we have tried, so we would recommend to check out the service if you have not done so. The only thing that we have found somewhat lacking is the lack of more regular information and updates with news, something that is somewhat of a general problem for many such services.

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

The North American Bitcoin Conference warmed in Miami

The North American Bitcoin Conference, TNABC, opened Wednesday with an energetic group of Bitcoin supporters who view the cryptocurrency as the next exciting chapter in Financial Technology. The conference holds two days of presentations and discussions from the brightest minds in FinTech delivering the technologies which will define innovative payment and transfer systems around the […]

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CFTC To Discuss Blockchain For Derivatives, Taps LedgerX’s Chou As Advisor

The U.S. Commodity Futures Trading Commission (CFTC) will meet on Jan. 26 to review the dual capabilities of bitcoin and the blockchain for the derivatives market. The commission appointed Paul L. Chou, CEO and founder of Ledger X, as a bitcoin trading expert to its technical advisory committee. The meeting will be from 9:45 a.m. […]

The post CFTC To Discuss Blockchain For Derivatives, Taps LedgerX’s Chou As Advisor appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

China’s Central Bank Will Look To Issue Its Own Digital Currency “As Soon as Possible”

China’s central bank, the People’s Bank of China (PBOC) announced today that it will make the necessary moves to work toward issuing a digital currency, as soon as possible. The PBC has announced in a release today that it intends to launch its own digital currency, following a meeting held in Beijing. The purpose of […]

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The IMF Is Talking & Vouching for Virtual Currencies and Blockchain Tech

While presenting a new report about virtual currencies at the World Economic Forum, Christine Lagarde, the director of the International Monetary Fund (IMF) speaks for virtual currencies and their underlying technology’s potential to become a powerful tool. A new report by the International Monetary Fund praised the benefits and innovation that comes with virtual currencies. […]

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Bitcoin Price Surges Above $400

Bitcoin price caught a fire today and is pushing a green candle to the skies. 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 4-Hour Chart […]

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An Early Blockchain Experiment by Global Banks Is Revealed

Blockchain startup R3 has revealed the completion of a new test that involved a total of 11 banks connected to a peer-to-peer decentralized distributed ledger. The experiment is likely to figure among the earliest examples of multiple banks using a distributed ledger to exchange value, successfully. In a press release today, R3 co-founder Todd McDonald […]

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Building an 8 TB Storage Solution for Storj’s DriveShare

Recently we have tried the beta of the latest Version of Storj DriveShare GUI, a service that is intended to allow you to warn money by sharing your extra hard drive space. Although it is still not ready to be launched and you could have some issues getting to try it out, this Blockchain-based cloud storage service does look very promising. While participating in the currently ongoing beta test of the DriveShare service we’ve went on to figure out how to easily build a reliable and affordable 8TB home storage solution that can be used with the service for earning money via the Storjcoin X (SJCX) crypto currency tokens that Storj uses. Going through the earnings calculator that estimates how much can you earn sharing 8 TB of storage via the service we are getting over $230 USD estimate per month if all of the space is being used by users of the service, so it is not a guarantee that you will be earning this much for sure. So our goal was to build 8 TB storage solution with less than what you can earn in 6 months based on the earnings estimate or with other words less than $1380 USD.

Going through various small home NAS (Network Attached Storage) solutions and different small server data storage solutions we have found out an interesting choice that is compact, affordable and easy to be used by not so advanced users – the HP ProLiant MicroServer. More specifically the HP ProLiant MicroServer Gen8 G1610T 1P 4GB-U B120i Non-hot Plug SATA Server(819185-001) that is available for a about $450 USD and that only needs you to install hard drives and do the software setting up like you would with a normal PC. The MicroServer comes with 4GB of memory and a Dual-Core Intel Celeron G1610T processor, along with Gigabit network support and 4 drive bays for hard drives.

The hardware specs of the MicroServer should be more than enough for this kind of a storage solution, so all we need now are four hard drives with 2 TB capacity each for a total of 8 TB capacity. You could go for larger capacity HDDs, however the larger the capacity, the higher the price per drive will be, so at the moment 2 Terabytes offers a good price/capacity ratio and since we have 4 drive bays we can go for 4x 2 TB without having to worry about anything. There are two good options available for the hard drives, the Western Digital Red hard drives with 2 TB going for $90 USD per drive or the 2 TB Red Pro drives for $134 USD per drive. The normal Red series is intended for smaller NAS solutions, offers a bit slower performance and comes with 3 years warranty for a lower price and the Red Pro series is for more serious storage solutions with 5 years warranty, better performance and extra technologies for better reliability. So with 4x 2 TB Red drives we need to spend $360 USD for HDDs and with 4x 2 TB Red Pro drives you need to spend $536 USD or along with the HP MicroServer the total would be either $810 USD or $986 USD. Both choices would put us below the 6 month earnings estimate from DriveShare, so our goal is achieved. Now all that we need is the the service to finish testing and launch in order for such a solution to become interesting alternative to crypto currency mining by offering a home storage solution.

– For more details about the Storj’s DriveShare storage project currently in beta…

First Global Credit Adds London Stock Exchange To Bitcoin Margin Trades

First Global Credit, a Switzerland.-based financial services company that allows bitcoin to be used as collateral margin to trade stocks, has expanded its range of equities to include shares traded on the London Stock Exchange, according to Finance Magnates. A trading and financial services company that focuses on bitcoin, First Global Credit allows bitcoin holders to […]

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International Investigation Sees Dutch Nab Bitcoin-Euro Launderers

Dutch prosecutors have announced the arrest of ten men suspected of using Bitcoin to launder up to 20 million euros (approx. $21.8 million). A major international investigation that reportedly involved officials from countries including the United States, Australia, Lithuania and Morocco has resulted in the apprehending of ten men in Netherlands, Dutch prosecutors announced today. […]

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Wayforpay.com to Begin Accepting Bitcoin for Pizza

Although not a completely new idea, Wayforpay.com has announced that it will begin allowing bitcoin payments for food delivery. Wayforpay is a Ukrainian payment platform with online shopping carts for websites. The company is growing with the announcement that it will add Bitcoin as a payment option to the EcoPizza website. The site does not accept bitcoin […]

The post Wayforpay.com to Begin Accepting Bitcoin for Pizza appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Ecommerce at Large Coming Around to the Idea of Bitcoin

Although Bitcoin has been operating and expanding its clout since 2009, it is only the leaps and bounds taken in the last two years that confirm the belief (additionally, for some, the fear) that the cryptocurrency will indeed become a mammoth force to be reckoned with in the ecommerce industry. And not in a matter […]

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Kraken Buys Coinsetter and Cavirtex, Enters the US & Canadian Markets

In a significant announcement today, the largest ever deal of its kind in the Bitcoin industry saw leading European bitcoin exchange Kraken acquire bitcoin exchanges Coinsetter and CaVirtEx. In a statement today, Kraken announced it is acquiring New York-based exchange Coinsetter and Canada’s first bitcoin exchange CaVirtEx. The world’s largest bitcoin exchange will fully absorb […]

The post Kraken Buys Coinsetter and Cavirtex, Enters the US & Canadian Markets appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

The UK’s Chief Scientific Adviser and Scientist Recommends Bitcoin’s Blockchain

In a new major report submitted by the Chief Scientific Adviser of the UK today, the government’s Chief Scientist Sir Mark Walport explained the innovation has the potential to help governance to politicians and leaders of authority. The report, titled ‘Distributed Ledger Technology: Beyond Block chain’ sees Sir Mark Walport explain how distributed ledger technology or […]

The post The UK’s Chief Scientific Adviser and Scientist Recommends Bitcoin’s Blockchain appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Bitcoin Price Direction Undecided

Bitcoin price is winding sideways for a second day. Supposedly neutral GDP and Production data out of China failed to catalize a market move earlier today. 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. […]

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‘BitGo Instant’ Promises Real-Time Bitcoin Transfers

Bitcoin security company BitGo has announced a new feature – BitGo Instant which promises instant settlement for bitcoin transactions. The service also guarantees recipients a compensation via a claim fulfilled by BitGo, if the transaction isn’t confirmed on the blockchain. In an announcement via a press release today, BitGo has launched BitGo Instant, a service […]

The post ‘BitGo Instant’ Promises Real-Time Bitcoin Transfers appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

BTL Unveils Blockchain Remittance Technology Interbit

Adding to the fast developing ecosystem of businesses looking to leverage blockchain technology with remittances, BTL Group LTD. has announced that it will begin showcasing its new technology at the BC Tech Summit on January 18th and 19th in Vancouver, British Columbia, Canada. They’re launching Interbit, a remittance platform along with a live demo showing […]

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How Much Bitcoins Can You Mine with 1 THS Hashrate

We have compiled a short table showing how much Bitcoin you could mine with 1 THS hashrate starting November 1st up until the estimate for February 1st this year. This period covers 3 months and as you can see the coins mined for just these 3 months pretty much halved due to the rapid increase in the network hashrate and thus the network difficulty. The table shows the numbers of coins you could expect to have mined without any cost for electricity for own hosted mining hardware or maintenance fees for cloud mining. The end result is pretty much the same however – the profit for miners has declined significantly, especially for the ones using older hardware with more electricity being used.

What some of you might not remember that well already is that prior to November last year the exchange rate of Bitcoin was in the $200-230 USD range and around November 1st it was already in the three hundreds, briefly peaking up to about $500 USD. For the last three months the price of BTC has essentially almost doubled, so considering that the difficulty has also doubled miners should still be getting roughly the same amount of USD when they convert the mined BTC, even though the coins mined are half of what they were before.

Later this year another important event for Bitcoin is going to take place, in about 6 months we are expecting to see the second halving of BTC block reward from from 25 to 12.5 coins. This essentially means that the coins mined will yet again drop in half with many expecting that the price of Bitcoin will compensate by increasing further from the level it is now. If this happens we might as well see 1 BTC traded for about $1000 USD as early as this summer…

– To keep track of the remaining time you can check the Bitcoin Block Reward Halving countdown here…

Bitcoiners Speak Out After Mike Hearn’s Departure

Drama engulfed the Bitcoin industry over the weekend as longtime developer Mike Hearn announced his departure from the Bitcoin space. As Hearn announced he had divested from Bitcoin in December, Bitcoin Classic – a successor to Bitcoin-XT as a new client – appeared on the scene as a possible new implementation of the Bitcoin protocol. […]

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Mike Hearn Disputes Claims of a Banking Conspiracy against Bitcoin

Mike Hearn has penned a new post as a follow-up to his much-discussed and debated public farewell to Bitcoin. The world’s media went critical, thermo-nuclear critical, when Mike Hearn – a former core developer in the open-source project that is Bitcoin, deemed it a ‘failed experiment’ and revealed he was done with the cryptocurrency. Hearn’s […]

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Tendermint Gets Ready for Launch

Bitcoin Press Release: Blockchain Development Platform Tendermint Partners With The Vanbex Group. TENDERMINT TURNS FOCUS TO MARKETING AND PR Vancouver, CAN – Tendermint, an open source blockchain platform project, is moving into deployment phase with the help of top Bitcoin 2.0 marketing and public relations firm, The Vanbex Group. Tendermint removes the previous complexities associated […]

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Indian Bitcoin Startup Ramps up with a New Global Head for Business Development

Coinsecure, an early Bitcoin-based startup in India that functions as a trading platform and a secure wallet is looking to scale its operations in India and beyond. The company has announced Elizabeth McCauley, as its Head of Global Business Development. Bitcoin has previously seen its regulatory challenges in the second most populated country in the […]

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Bitcoin Price Goes East

Bitcoin price continues trading sideways as the market ponders its next move. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis Time of analysis: 15h00 UTC OKCoin 3Months 1-Hour Chart From the […]

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DIY Ethereum Raspberry Pi 2 Cryptocurrency Node

Raspnode is a project created to help people get Bitcoin, Litecoin, and Ethereum nodes, wallets, and related cryptocurrency software on their Raspberry Pi 2 micro computers. Raspnode was launched last year as a Kickstarter project, but now the project’s website also contains detailed guides on how to run a full node for Bitcoin, Litecoin, and Ethereum. Since Bitcoin and Litecoin are already “old news” you might be more interested in how to setup a RPi 2 system with a full Ethereum node using the Go Ethereum client (geth) or Python Ethereum client (PyEthApp). The guides are comprehensive and detailed enough, so that they should be easy to understand and be followed by not so advanced users, so you might want to give them a go if you have an unused Raspberry Pi 2 lying around.

– The guide for the Go Ethereum client for running a full Ethereum node on RPi 2…
– The guide for the Python Ethereum client for running a full Ethereum node on RPi 2…

Bitcoin Mining Rate Sets a New Milestone Ignoring Bitcoin Gloom

For the first time in the cryptocurrency’s existence, the total network hash rate of Bitcoin just crossed beyond 1000 PH/s, charting an entirely new milestone in mining rates. It has been a turbulent week for bitcoin. The cryptocurrency saw its price fall last week. Marvel Studios saw the term ‘Civil War’ snatched away by the […]

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Parisian Engineering School Will Certify Diplomas on the Blockchain

The Leonardo da Vinci Engineering School (ESILV), a renowned academic institution in Paris, France will start certifying and issuing diplomas using Bitcoin’s blockchain, as early as April 2016. The École Supérieure d’Ingénieurs Léonard de Vinci, a top engineering school in France will soon be issuing diplomas certified by the blockchain. In doing so, the institution […]

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Lawsuit Against Cryptsy To Proceed As Planned Despite Theft Claim

As the situation surrounding Crypsy continues to unfold, we saw the company post a blog entry stating that the majority of the funds within the company were stolen over a year ago and that that company  has been insolvent for quite some time for a variety of reasons, one mainly being the theft of 13,000 […]

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Global Economic Outlook: Financial Meltdown Fest

Markets started the year with a bang to the downside. Equities, Oil and Bitcoin have all surprised in the opening weeks and the big dipper ride looks to intensify with even the mainstream media predicting gloom. We survey the global economic landscape and suggest practical advice for financial survival. This post is powered by the […]

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Bitcoin Hard Fork to 2 MB Blocksize with Bitcoin Classic

The Bitcoin Blocksize debate has been going on for quite some time already with different opinions on how it should be increased from the current limit of 1 MB, one thing is clear however in all the discussions – we must increase the Blocksize in order to accommodate the increasing number of transactions. Looking at the average BTC Blocksize we are already seeing that at peak periods with more transactions we are easily hitting 0.8 MB with 500-700 KB seeming quite normal sizes for blocks in the last few months, so we are looking at 1 MB Blocksize to become too small pretty soon and we need a solution for that problem fast in order to avoid possible issues with the Bitcoin network. While there might not be a consensus on how the Blocksize should grow in the future and what should the Blocksize change over time, we need to increase the limit now.

Doubling the Bitcoin Blocksize to 2 MB with a hard fork what the Bitcoin Classic project has as a goal is something that can be the immediate solution that we need, but still this will not be enough for the long term future of BTC. Increasing the Blocksize to 2 MB is the short term solution that could allow the Bitcoin network to continue growing and functioning normally while we figure out what should the next step be in order to ensure the future of Bitcoin. Bitcoin Classic is already supported by major developers, many of the large mining operators, mining hardware makers and Bitcoin-oriented companies. The project has not yet made a release, but the source code is available on GitHub, so you might want to keep a track on how things are developing.

– For more details about the Bitcoin Classic project for increased 2 MB Blocksize…

Bitcoin Price Regains Consciousness

Bitcoin price picked itself up from the dusty valley floor today. Although it’s looked more healthy, it appears nothing is broken. 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 […]

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Philadelphia Gets Its First Bitcoin Condo Offerings

Philadelphia’s first condominiums available for purchase in bitcoin will have their first open house today in the city’s historic Manayunk district. Susanna Kunkel, a veteran Philadelphia realtor, arranged the bitcoin offering as a way to entice tech-savvy, entrepreneurial-oriented buyers who are an important customer for modern urban condominiums.   The four condos from Falcon Condominiums range […]

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Bitcoin Price – How Low Can You Go?

Bitcoin price declined an additional $30 today and is currently being supported at $357. 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 4-Hour Chart From […]

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The Top 10 (or 11) Bitcoin-Friendly Cities

Looking to spend bitcoin on your travels? Your chances are much greater in the US. Seven of the top 11 cities with the most merchants that accept bitcoin are in the U.S., based on information from coinmap.org. San Francisco/San Jose leads the world with close to 200 merchants that accept bitcoin. CCN looked for the top […]

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21 Bitcoin Computer Is Available for Purchase Using Bitcoin

The 21 Bitcoin Computer is now available for purchase in Bitcoin at its equivalent value to $399.00 USD on its official website. The latest billing option which allows purchase with Bitcoin also comes with added privacy and security in mind. The company does not ask for a name on the address and will send to a P.O. Box […]

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Blockchain Firm Digital Asset Holdings Expands to Europe

New York-based Digital Asset Holdings, a startup that began as a bitcoin-centric company and is now deemed a blockchain-based firm is opening a new office in London to expand its presence into the European market. Digital Asset, led by former JPMorgan executive Blythe Masters as the company’s CEO announced in a media release that the […]

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Bitcoin Flies Farther in the Travel Industry after BitPay’s Latest Partnership

BitPay has announced a new partnership with European information technology provider Ypsilon.Net. The company provides a platform with booking engines and the payment processing framework for tens of thousands of websites, processing millions of transactions every month. A new partnership between payment processor BitPay and Ypsilon.Net, a leading IT solutions provider for the travel industry […]

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Bitcoin Price Below $400

Bitcoin price has dropped below $400 after falling away from yesterday’s consolidation zone and declining strongly all 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: 13h00 UTC […]

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Crytpsy Finally Tells The Truth for the Ongoing Issues

It seems that the source of all the trouble people had with Cryptsy in the last months were caused by a hack of the crypto currency exchange that has happened over 1 year ago in which there were about 13000 BTC and 300000 LTC stolen. The big question is why Cryptsy is coming clean to its users just now and all this time they were trying to basically lie them about the various issues with coin withdraws at the exchange. It seems that they tried to cover up things expecting to recover the lost coins, but they were not able to and as a result they only prolonged the inevitable. It could be also this announcement that has resulted in the decline of the Bitcoin price we are now seeing on US and EU exchanges, while at Asian exchanges the price of BTC is still higher.

– To read the full explanation of the real issues by the Cryptsy staff on their blog…

Earthport Unveils World’s First Distributed Ledger Hub

Earthport, known for its extensive payment network for cross-border transactions and robust ACH infrastructure, has created the world’s first Distributed Ledger Hub (DLH). The DLH service is accessed through Earthport’s Distributed Ledger Gateway, previously announced in August of 2015, and will provide full connectivity to the Ripple ecosystem, including Ripple instances, Ripple market makers, and […]

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Cryptsy: Trades & Withdrawals Suspended Indefinitely, Claims Bitcoin Theft

Following months of uncertainty & customer withdrawal difficulties, Cryptsy has revealed that it can no longer go on, in its current state. The digital currency exchange claimed in a blog post today that it was the target of a bitcoin wallet theft on July 29, 2014. The ‘critical event’, as Cryptsy deemed it, has the […]

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Crypto-Games.net Enables Online Bitcoin Dice, Blackjack, Slot, and Lottery Gaming With Dogecoin, Litecoin, Dash, and More

Bitcoin Press Release: Crypto-Games.net is pleased to announce provably fair online Dice, Blackjack, Slot, and Lottery gaming with a range of currencies including Bitcoin, Dogecoin, Litecoin, Dash, Peercoin and many more. Crypto-games.net is one of the leading online gambling casinos which allows users to play provably fair Dice, Blackjack, Slot, and Lottery. Users currency is […]

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