Bitcoin Price Up, But No New High

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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Digital Fiat Currency Technology Nabs Investment, Makes Inroads With Central Bankers

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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Connecticut Better Business Bureau Warns Businesses, Investors And Consumers Against Bitcoin

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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Updated Windows Binary of the ccMiner 1.5.75-git Fork by SP for Maxwell

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…

Microsoft Looks to Expand Blockchain-Based Toolkit with Ripple Integration

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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Financial and Tech Executives Team up for BankersLab® Angel Round

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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First Impressions from the E-Coin Physical Bitcoin Debit Card

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…