EuroBitMarket Brings a Unique Exchange with Unique Background

Bitcoin Press Release: 04 October 2015 – LONDON (UNITED KINGDOM) – With the goal of creating a more reliable and easy open-source cryptocurrency exchange, EuroBitMarket has launched providing customers with a safe, fair and ethical exchange platform protecting them from excessive manipulation and volatility. “With the continued growth and popularity of Bitcoin, customers are increasingly in need of a safe environment in which to trade,” said Giacomo of EuroBitMarket. “Providing a secure marketplace where buyers get their BitCoin, and sellers get their money, is our chief aim. We believe our open-source and secure architecture, which is meticulously managed by our […]

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HalleyBTC, a New Service Offering Bitcoin Savings Investment

A new service called HalleyBTC was just recently launched that offers high ROI for its Bitcoin savings investment options. The service is apparently operated and backed by one of the large Chinese Bitcoin mining farm operators – Halley China, so that is apparently where the interest for your investment is coming from. While Halley China is not open to international investors (their website is only available in Chinese), it seems that their new HalleyBTC service is targeting a broader English speaking audience. They have definitely launched the new service right on time as with the recent jump in the price of Bitcoin there is a lot of increase in user’s interest in different ways to invest in Bitcoin.

The service offers three types of investment options, the first one is called Current Deposit and it gives you 0.02% daily interest with no fixed period. The other two higher return options are for 30-Day Fixed Deposit with 15% expected APY (Annual Percentage Yield) and 90-Day Fixed Deposit with 17% expected APY. The higher interest rate is ensured by the fact that your investment is being locked for a specific term, so apparently the Bitcoin you invest on the long term can in turn be used for investment in the existing Bitcoin mining farms of the company to increase the mined coins for example.

For their launch HalleyBTC is running a special promotion giving each new user the chance to get 1 to 10 Bitcoins as a bonus deposit to start your investment. All you have to do is register a new account and click on the Get Bonus button on the main page. Do note that what you get as a bonus investment in BTC cannot be withdrawn and will be in your account for 10 days only, what you get to keep is the interest rate you accumulate on the amount for these 10 days. The idea is to get to try and see how the service works without having to invest any of your own Bitcoins up front, do note however that this promotion is only valid up to November 8th.

– For more information and to try out the new HalleyBTC Bitcoin investment service…

AlcheMiner Planning to Launch Second Generation Scrypt ASICs

AlcheMiner has posted that they are planning to start work on a second generation Scrypt ASICs, however they are looking for investors to help them start the process and that they plan to gather $5 million to $7 million for the Alchemist II project. They are looking for serious investors offering multiple investment plans starting at 50K USD, 500K and 1 Million USD offering different benefits. According to the information published it will take them about five to six months for the first batch to be launched in the market after the fundraising goal is met. The new chips are supposed to be used in AlchemistII-128 128 MHS miner with 280W power usage priced at $1299 USD and AlchemistII-512 512 MHS miner with 1150W of power usage and a price of $4950 USD.

The brief specifications for the new chip:
– Hash rate: 2 MHS
– Power consumption on the wall: 3~4J (1.5J~2J/MHash)
– TSMC 28HPC tech node
– Full custom design

The problem with their offer is that with their first generation hardware things were not that bright, there were issues and delays, problems with some of their partners such as MAT. Now the company wants to find big investors for new Scrypt ASIC miners promising hardware delivery in half a year with not so attractive hardware prices although specs look promising. The problem is that their track record is not that good, even though they actually had some hardware released and the current situation with Scrypt crypto currencies including Litecoin is not so great at the moment. The low market price of LTC following the recent halving of the block reward and the general uncertainty in the future makes it hard for anyone to actually invest in Scrypt ASIC hardware that is actually not ready at the moment. The recent SFARDS fiasco with the company being very vocal prior to having their new hardware ready and then going completely silent after apparently it has been ready for market also does not do any good for initiatives like the one AlcheMiner is trying to do. So what you might be waiting with anticipation in regards to Scrypt ASIC hardware could only end up being the next generation Innosilicon hardware that might soon be available…

Miners Center Exchange Strategy Includes Above-Market Bitcoin Prices, Physical Offices

Miners Center Inc., a Wilmington, Del. (U.S.)-based exchange that offers 10% above market price for bitcoin, claims it will have 10 physical offices by the end of the year: three in U.S., two in Canada, two in Australia, one in the U.K., one in Germany and one in Hungary. The company, which offers higher than market price for bitcoin in order to acquire high volumes of bitcoin, sees opening physical offices as part of a strategy to provide bitcoin exposure to a larger public. The company’s long-term goal is to help create an alternative financial system. Miners Center does not plan […]

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Bitcoin-seeking Ransomware Scam Busted

Two ransomware strains, CoinVault and Bitcryptor have been put to bed due to the joint efforts of law enforcement in Netherland and an independent cybersecurity firm. The authors of the malware sought ransom payments from victims in Bitcoin. Ransomware thieves who took Bitcoin payments in return for victims to access their files freely after their rogue file-locking methods have been put out of work. Two authors who allegedly developed the ransomware were arrested in Netherlands and Kaspersky, a cybersecurity firm has confirmed that it has amassed 14,000 decryption keys that are required for victims to access their vaulted files. Russian […]

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Winklevoss Twins' Bitcoin Exchange Sees Trading Volume Surge In First Three Weeks

Bitcoin trading volume at the newest Bitcoin exchange, the Winklevoss twin’s Gemini, has surged 40,000% in the three weeks since its opening. Despite these numbers, the overall volume at the exchange remains trumped by that of other exchanges. Targeting the stock market investor, Gemini commands considerable per transaction volumes. A high percentage of transactions on the website are comprised of 50 bitcoins or more. Data: Bitcoinity The makeup of the Gemini customer is unknown. While some believe certain investors were waiting for a fully-regulated and insured exchange  to operate in Bitcoin, others point out that Coinbase has played that role […]

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Bitcoin Sports Betting Website Wins Positive Feedback: Take The Tour

Sports betting, one of America's favorite pastimes, might do more to popularize bitcoin among the general public in the short term than the improvements the cryptocurrency is bringing to the financial sector. According to one sports betting site review, a sports betting website that takes bets in bitcoin -- Nitrogen Sports -- is getting positive customer feedback. The Premier Bitcoin Betting Site Sportsbook Review.com (SBR), an online review of sports betting sites, has posted a video tutorial about Nitrogen Sports, which it describes as the premier bitcoin betting website. The tutorial, hosted by SBR news host Natalie Rydstrom, gives an overview […]

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