1 February 2014

Coinbase and Mint Announce First Bitcoin Personal Finance Integration

Coinbase and Mint Announce First Bitcoin Personal Finance Integration:


Today we’re excited to announce a new partnership with Mint , the leading personal finance app from Intuit Inc. Now Mint users will be able to view their digital bitcoin transactions processed by Coinbase alongside their traditional financial accounts.


As you may know, Mint…

February 01, 2014 at 07:58PM

I just made a donation

Head over to http://t.co/C28LU4ISYx and check out their BTC micropayment experiment via @BitWall @Suntimes! #bitcoin http://ift.tt/1fKDMsd

— Blockchain.info (@blockchain) February 1, 2014

February 01, 2014 at 07:47PM

Reggie Middleton Wins CNBC Stock Draft for the 2nd time in a row - with the same stock


1Google reported Thursday later afternoon and the early morning traders didn't know what to make of the numbers - with the stock gyrating up and down. The following day, CNBC's 2nd annual sitck draft stock picking contest ended. Guess what happened? For the impatient, I cna put the video here...


February 01, 2014 at 04:11PM

Legendary Game Programmer John Carmack ‘Guardedly Excited’ About Bitcoin

Computer game programmer John Carmack expressed some pretty positive views on bitcoin in a series of recent tweets. February 01, 2014 at 03:20PM

Charlie Shrem’s Arrest: Government Harassment or Necessary Law Enforcement?

Did the arrest of Charlie Shrem constitute unnecessary harassment by the government? February 01, 2014 at 01:03PM

Bitcoin Micropayments Get Big Moment As Chicago Sun-Times Paywall Experiment Goes Live

The Chicago Sun-Times and BitWall have a bitcoin paywall test taking place on 1st February. February 01, 2014 at 10:17AM

Highlight of the Week: North American Bitcoin Conference!

On Friday through Sunday of this week, many Bitcoiners will gather in Miami, Florida for the North American Bitcoin Conference. Following the successful organization of the European Bitcoin Conference in Amsterdam this Fall, conference organizer, Moe Levin, concentrated his efforts on a winter international Bitcoin conference in the heart of Miami Beach, FL. With attendees and speakers from around the world, once again, the global message of Bitcoin is clearly demonstrated in this premier conference and setting. It is NOT too late to sign up. You can even purchase your conference pass with bitcoin here.

Source: Bitcoin Magazine

January 24, 2014 at 09:59AM

31 January 2014

Bank Stops Working With Bitcoin Exchange CampBX Due to ‘Regulatory Uncertainty’

CampBX has halted ACH and wire transfers due to issues with its bank. February 01, 2014 at 12:00AM

Congressional Leaders, Foundation Praise FinCEN Guidance

Government came out in support of FinCEN's guidance yesterday. But don't stop now, they added. January 31, 2014 at 11:01PM

NXT – Proof of Stake and the New Alternative Altcoin


When the crypto community thinks of altcoin, cryptocurrencies like Litecoin, Dogecoin, and Peercoin are usually first on their mind. We have seen a growing number of altcoin since Bitcoin’s introduction in 2009, simply because of the rapid adoption of cryptocurrencies all over the world. But is it possible to have an alternative altcoin? The new and innovative altcoin NXT and its developers have made it possible.

Less than a month ago, NXT launched their brand new digital currency, and soon after signed BTER as an exchange partner. With no mining on the network, NXT is the most energy efficient cryptocurrency, because the “forging” process requires little processing power. Forging NXT can even be done from a mobile device.

The new Alt-Altcoin?

The way NXT works is completely different from that of Bitcoin as it uses completely different algorithms for mining. In fact, the developers created NXT completely from scratch, in order to create the new alt-altcoin. The different algorithms used allow NXT users to mine with exponentially less computing power. NXT uses Proof of Stake (PoS), a concept initially pioneered by Peercoin, rather than Proof of Work, used by Bitcoin and other coins.

NXT and Proof of Stake

As the first 100% Proof of Stake digital currency written from the ground-up, NXT is creating a new path on which altcoins can be built from. Unlike Proof of Work currencies like Bitcoin, the currency is secured by owners of already existing coins that receive a portion of transaction fees for forging a NXT block. A user is chosen to solve a block depending on their stake in the market, which allows everyone on the network to have the same reward potential.

The idea behind NXT and Proof of Stake is to generate coins without using vast amounts of energy as the Bitcoin network does. This is done through the network, by calculating the amount of coins each user has and randomly selecting who will forge the next block. Everyone knows who will be mining the next block in the blockchain, making it impossible for a user to convince the network that a transaction didn’t occur.

Additionally, the network can detect which accounts do not participate in PoS and also recognize users forging a fraudulent block. A process called Transparent Forging enables the network to decrease the attacker’s mining power to zero and keep the NXT network secure.

Reducing Double Spending and 51% Attacks

NXT eliminates the possibility of double spending and 51% attacks, because each user knows who is responsible for forging the next block of transactions. A fork in the blockchain simply does not exist with the newest alt-altcoin. What Transparent Forging and PoS provides to NXT is something new for cryptocurrencies. Transactions continue to remain anonymous and secure, but unlike Bitcoin, each transaction requires less user confirmation, making digital transactions even more efficient.

NXT is the first cryptocurrency that has been completely rewritten and is 100% Proof of Stake. Other altcoins like Peercoin, only uses PoS for a portion of its coins and uses Proof of Work for the rest. Digital currencies, most namely Bitcoin, along with other altcoins like Peercoin use mining to create new coins, working together to solve each block. This is the main point of difference with NXT – instead of mining new coins, NXT has already produced them. This enables the NXT network to focus on solving blocks and increase transaction efficiency, while decreasing power consumption for users.

What’s Next for NXT?

As with any alternative coin, NXT is very new to the cryptocurrency community. The entire market consists of 1 billion coins, all created by the NXT developers, and are currently worth just under $74,000USD. NXT also provides an alias system, arbitrary messaging at Block 40,000, asset exchange and a decentralized domain name system. There is no question that NXT warrants its own category, as the world’s first alt-altcoin entirely based on Proof of Work. With the growing popularity of cryptocurrency, the future looks very bright for NXT.

The post NXT – Proof of Stake and the New Alternative Altcoin appeared first on Bitcoin Magazine.

January 31, 2014 at 09:55PM

‘Innocent’ Silk Road Seller to Sue to Stop Government Sale

A Silk Road merchant says he will hire a lawyer to try to stop the sale of his bitcoins. January 31, 2014 at 08:59PM

Overstock CEO Reveals He Now Holds Millions in Bitcoin

Overstock's CEO revealed on Thursday he now owns bitcoin, and that Overstock is free to hold the currency as well. January 31, 2014 at 07:31PM

Robocoin Launches $10k Incentive Program to Promote Bitcoin ATMs

Robocoin has announced a $10,000 incentive program for 'ambassadors' to sell and promote its two-way bitcoin ATMs. January 31, 2014 at 07:00PM

eBay to allow Bitcoin sales in 'virtual currency' category

Please know that per our recent policy update, Virtual Currency, whether digitally or physically delivered, cannot be listed in Auction-style or Buy-It-Now listing formats. eBay is opening a Virtual Currency category to allow the sale of virtual currency in Classified Ads format on February 10, 2014. We request that you do not list these items until that date. Please be informed that repeated breach of the policy may further jeopardize your account status. To avoid any inconvenience in future, we’d appreciated it if you go through our help pages or contact us before listing any such items.

CNET: eBay to allow Bitcoin sales in ‘virtual currency’ category

January 22, 2014 at 03:46PM

Plug and Play Unveils Bitcoin Startup Incubator With Expert Mentors

Silicon Valley's Plug and Play startup incubator is launching a bitcoin-centric accelerator, featuring some familiar faces. January 31, 2014 at 05:20PM

Estonian Central Bank Warns Bitcoin May be a ‘Ponzi Scheme’

The Central Bank of Estonia has warned bitcoin may be a "ponzi scheme", but is monitoring its growth. January 31, 2014 at 04:36PM

A Million is Never Enough, Chinese Laundry, and Dad Taste by Bitcoin

This week in the wonderful world of bitcoin: high-profile arrests, Chinese trillions and eyelashes for cars. January 31, 2014 at 03:35PM

New Hong Kong Bitcoin Exchange Welcomes Mainland Customers

The new exchange, HKCex, has raised $2m in funding from local investors in the region. January 31, 2014 at 02:27PM

Bullion Exchange Brings Ripple into the Physical World

A new service uses the Ripple network to acquire, store and convert precious metals into 'any currency'. January 31, 2014 at 12:57PM

Vancouver ATM Operator Wants to Leave Bitstamp Following Breakdown

Vancouver's Robocoin ATM closed last weekend because its operator was unable to clear a backlog of Bitstamp buy orders. January 31, 2014 at 11:30AM

You Can Now Pump Gas for Bitcoin in the Rocky Mountains

A petrol station in Greeley, Colorado is likely the first in the world to sell fuel for cryptocurrency. January 31, 2014 at 10:03AM

30 January 2014

Community Debates What’s Next After New York Hearings

New York's hearings this week were a precursor to Bitlicense regulation. So what should happen next? January 31, 2014 at 07:10AM

FinCEN Declares Bitcoin Miners, Investors Aren’t Money Transmitters

FinCEN stated that virtual currency miners and investors aren't subject to money transmitting laws. January 31, 2014 at 12:17AM

Winklevosses to Submit Revised Bitcoin ETF to SEC

The Winklevosses are likely to submit a revised plan for their bitcoin ETF soon, their lawyer says. January 30, 2014 at 11:42PM

Dogecoin Raises $7K for Indian Olympians, But Hurdles Remain

Reddit's dogecoin community raised 4.2m dogecoin to help India's underfunded winter Olympians attend the 2014 Olympic Games. January 30, 2014 at 10:32PM

Visa CEO Doesn’t See Bitcoin As Business Threat

Visa CEO Charlie Scharf offered his opinion of bitcoin in a first-quarter earnings call. January 30, 2014 at 06:39PM

What Will Chinese New Year Mean for Bitcoin?

It's Chinese New Year, and a deadline for payment processors and bitcoin exchanges is approaching, but most aren't worried. January 30, 2014 at 05:18PM

Fred Wilson: Freedom and Innovation are Two Sides of the Same Coin

Fred Wilson shares his thoughts after testifying at yesterday's public hearing for the State Department of Financial Services, NYC. January 30, 2014 at 03:46PM

Lamborghini and McLaren Dealerships Drive Bitcoin Adoption in USA

Bitcoin classifieds site Eggify now offers a number of exotic vehicles from McLaren and Lamborghini dealerships in California. January 30, 2014 at 02:39PM

BTC China Accepting Bank Deposits Again

BTC China is now accepting customer deposits via its corporate bank account, plus offering small prizes to its customers. January 30, 2014 at 01:32PM

Legal Online Gambling is Next Major Bitcoin Market

The second-generation bitcoin gambling sites demonstrate market-based legitimacy and look set to bring the currency into the mainstream. January 30, 2014 at 11:15AM

Bitcoin 2.0, aka Ultra Coin: Bitcoin's Derivative Layer That Allows The Virtual To Control Real Things


Reggie Middletons UltraCoin

As should be obvious to many, I'm quite serious about recreating today's financial system. I'd like to introduce what some in the media have coined (no pun intended) Bitcoin 2.0 (which is actually just the true implementation of bitcoin), otherwise known as UtlraCoin. UltraCoin is the derivative layer that we're writing on top of Bitcoin to enable Bitcoin holders, buyers and sellers to do some pretty amazing things.

Here's the latest Max Keiser in which he and Stacey Herbert to a good job of explaining what I have in mind. Of course, I get to speak my mind in the second half of the show.


I am pushing very hard to have the Zero Trust Currency Contracts, the first implementation of UltraCoin, to go into open public beta by the end of next week. That means you will be able to short, leverage, go long and arbitrage BTC. The strategies I and my analysts and developers have come up with will blow... your... mind! Here's a screen shot of the early beta trading desk:


January 18, 2014 at 04:33PM

Porn, basketball and taxes: Bitcoin is on a hot streak

Too many bitcoins and no place to spend them? Soon you will be able to splurge on all kinds of things, starting with tickets to see the Sacramento Kings play basketball.

Read more on NBC

January 16, 2014 at 07:55PM

Security Updates On Coinbase


Providing secure storage of bitcoin is one of the most important products we offer at Coinbase. In that vein, we’d like to mention some new security features that we’ve added:

Improved Offline Storage Of Bitcoin

As you may have read previously, we keep most customer bitcoin disconnected from the internet in what we call “cold storage”. Over the past few months, we have spent time improving both the security of those coins and the percentage of coins held offline.

First, we have implemented a key splitting scheme and geographically distributed the shared pieces to various safe deposit boxes and vaults around the world. This ensures that keyholders are never geographically located in the same place during the course of normal events, so there can’t be a single point of failure for compromise. It also ensures keys are protected against loss since the data is backed up with redundancy. For more on our cold storage security you can visit our security page.


Second, we have been able to increase the overall percentage of bitcoin stored offline. While previously we were able to keep approximately 90% offline, we are now able to keep as high as 97% of funds offline. The exact amount changes on a day to day basis, but this additional layer of security is important to use as broadly as we can.

Read More

January 15, 2014 at 02:57AM

Mint Teams up With Coinbase to Add Bitcoin Support

Financial planning firm Mint has added bitcoin support to its mobile app following a deal with wallet service Coinbase. January 30, 2014 at 10:01AM

Bitcoin needs more women

…and there are many women on tumblr!

For every friend you invite to Coinbase, we’ll send both you and them $5 worth of bitcoin when they complete a buy or sell of at least $100!

…so I’ll add another $5 worth of Bitcoin, if you buy $100 using my affiliate link.

Just sign up, complete a purchase and send me an email with the email address you have used to purchase bitcoins (include your tumblr URL, so I can follow you): bitcoin @ public-files.de.

Feel free to ask me anything via email!

January 30, 2014 at 06:34AM

29 January 2014

Bitcoin Hearings Day 2: Bitcoin Businesses Court Regulation in NY

Day two of New York's bitcoin hearings saw the emergence of a loose consensus of regulatory goals. January 29, 2014 at 10:45PM

French Regulator Requires Bitcoin Exchanges to Register

The French banking regulator intends to treat digital currency exchanges like any other payment service. January 29, 2014 at 05:06PM

PwC Report Has High Hopes for Bitcoin in Showbusiness

In an intriguing report, the UK firm found that digital currencies are already driving innovation across several industries. January 29, 2014 at 03:05PM

Reggie Middleton v Paul Krugman pt 2, Inflation, Bitcoin and the Alt.coins


Here is the next segment in the presentations given at the North American Bitcoin Conference in Miami Beach.


January 29, 2014 at 02:43PM

Bitcoin Arcade Machine is ‘On Like Donkey Kong’

UK firm Liberty Games has developed a retro arcade machine that accepts gamers' bitcoin payments. January 29, 2014 at 01:01PM

28 January 2014

Vault of Satoshi Rolls Out New Altcoin Support

Dogecoin, primecoin and namecoin are among the new coins on offer at the Canadian exchange. January 29, 2014 at 07:07AM

Bitcoin Hearings Day 1: Bitcoin Hits ‘Tipping Point’ with New York Regulators

New York regulators announced coming bitcoin regulation in 2014, but what that will entail is still up for debate. January 29, 2014 at 01:30AM

CoinTerra Ships First Terahash Bitcoin Mining Rig

CoinTerra announced today it had finally started shipping its highly anticipated terahash-class TerraMiner IV professional mining rigs. January 28, 2014 at 10:42PM

New York considers creating a 'BitLicense' for Bitcoin businesses

New York is now the first state to consider adding a special license called a “BitLicense” for businesses that operate primarily in Bitcoin and other virtual currencies, after receiving a flood of requests from Bitcoin entrepreneurs asking how they should register.

Read more on The Verge (thisistheverge.tumblr.com)

By Adrianne Jeffries

January 28, 2014 at 05:44PM

Charlie Shrem Resigns from Bitcoin Foundation Following Silk Road Arrest

BitInstant's Charlie Shrem has resigned from the Bitcoin Foundation's board of directors following his arrest over money laundering allegations. January 28, 2014 at 06:00PM

51% of Techies Happy to be Paid in Bitcoin, Survey Finds

Tech in Motion's survey on digital currencies revealed that 51% of tech professionals would accept payment in bitcoin. January 28, 2014 at 05:03PM

Charlie Shrem Released on $1m Bail After Silk Road Money Laundering Arrest

BitInstant CEO Charlie Shrem has been released on bail following an appearance before Manhattan's US District Court. January 28, 2014 at 04:01PM

Everything You Need to Know About the New York Hearings on Bitcoin

Find out the key information about this week's hearings on bitcoin in New York. January 28, 2014 at 02:56PM

The Reality of Chinese Trading Volumes

Chinese exchanges have had to get creative to stay in the game. But is it a level playing field? January 28, 2014 at 11:56AM

Will America Follow Washington State’s Lead and Classify Bitcoin as ‘Money’?

Unlike many other controversial topics debated by government, the support and criticism of digital currencies transcend party lines. January 28, 2014 at 10:06AM