Backpage: An Opportunity or Liability for Bitcoin?

Recently, the classifieds website Backpage was banned from using American Express, MasterCard, and Visa, loudly. The reasoning behind this is that the site is used for sex workers to find customers. The site is said to sell millions of classified ads to women in the United States, and a sheriff in Illinois instigated the shutdown. Before that, MasterCard and Visa had no problem processing transactions for Backpage. Backpage began accepting Bitcoin at some point, and now it is the only form of payment that works for the website. Of course, the Bitcoin network cannot be shut down. But if you […]

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Israeli Security Lab Using Electromagnetic Waves to Extract Private Keys

Perhaps the most important role in security research is breaking security, and that's what the researchers at Tel Aviv University's Laboratory for Experimental Information Security are up to with their recent forays into electromagnetic attacks.

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Dogecoin: The Most Stable Cryptocurrency?

Many people don't care about Dogecoin. What a joke, right? It was started as a joke, after all. The way the people communicate is such a joke – sorry, such joke, very silly. These things might be true, but here's something else that's true: Dogecoin has consistently been in the top ten market capitalizations for cryptocurrencies, and since its initial highs in March last year, it's been relatively stable in terms of both market capitalization and value. The value we're referring to could be very low, but with high inflation comes easier access to the coins. Many of its holders […]

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Intellectual Property Lawsuit Against Bitcoin Company Xapo's CEO to Proceed

LifeLock says that Xapo CEO Wences Casares developed Xapo using LifeLock's resources. The background is that Caseres previously ran Lemon, a digital wallet start-up that was later sold to LifeLock at the end of 2013. Casares and most of the Lemon team became LifeLock employees. LifeLock claims that Casares started Xapo by “using a product developed by Lemon employees, in Lemon’s facilities, on Lemon’s computers, and on Lemon’s dime.” Casares initially pushed to have the case thrown out, but a judge in Silicon Valley disagrees, and the lawsuit against current Xapo CEO will move forward. The case could have serious ramifications […]

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Bitcoin Price Plummets Below $300

Bitcoin price had steadily advanced in an upward curving wave for several weeks. Yesterday, price neared the 2000 CNY psych level corresponding to our target at $320 and turned down. This morning, following news out of Brussels about a new Greek austerity deal, price plunged through $300 and is busy regaining consciousness down below. 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: 13h37 UTC Bitstamp 15-Minute Chart From the analysis pages of […]

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How Bitcoin Could Prevent a Future Greece

It might be too late for bitcoin to save Greece from its currency crisis, but the digital currency is evolving fast enough that there’s a good chance it will help future crises. Christopher Mims, a writer for The Wall Street Journal, claims in today’s edition that digital currency is “at an inflection point” and evolving faster than most people realize. “Whatever happens to bitcoin itself, the technology underlying it opens up previously unimagined possibilities for the future of just about anything humans exchange,” Mims stated. For Greeks to get ahold of bitcoin, they need to buy euros, which is the last […]

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European Space Agency Wants To Build Far Side Moonbase 'Lunarville'

In a surprising and refreshing change from the low-profile, unexciting tone of previous official statements by the European Space Agency (ESA), the new Director General ESA Director General Johann-Dietrich Woerner stated that the Agency plans to return to the Moon and build a permanent outpost there. The habitat could be built on-site by a giant 3D printer using construction material available on the Moon.

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