Bitcoin2014 Day Two Roundup: Tackling Bitcoin’s Tough Issues

At day two of the Bitcoin2014 conference, attendees learned about the regulatory issues being faced by bitcoiners in China, upcoming technological challenges and bitcoin investment opportunities.Later in the day, BitPay CEO Tony Gallippi shared plans for his company’s expansion, the topic of the mining arms race was addressed and the Startup Challenge awards were won by CoinPrism and Reality Keys.Troubles in China Bobby Lee opened day two of Bitcoin2014...

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The Future of Touchless Payments – Why iBeacon Technology Needs Bitcoin

Apple released a device update weeks ago that made large improvements on existing iBeacon technology. The update allows devices to search for existing beacons without the application being open on the device, while also enabling nearly all iOS7 devices to send and receive beacon signals. This means that retailers can send messages to customers, accept touchless payment and gain valuable customer information, all without dedicated hardware. There...

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BitXatm Launches Optional One or Two-Way Bitcoin ATM

Germany-based digital currency ATM provider BitXatm has announced a novel upgrade to its existing Sumo Pro ATM product.Called “Smart Remote Control”, the new feature allows owners to switch between one-way and two-way transaction capabilities. This means operators will be able to provide cash-to-digital currency transactions only or both digital currency-to-fiat and fiat-to-digital currency transactions.With the update, BitXatm‘s Sumo Pro will function...

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Coinkite Taps Bitcoin Developer Peter Todd For Advisory Role

Bitcoin debit card provider Coinkite has announced that bitcoin core developer Peter Todd and forex trading veteran Nooshin Mohtashami will join the company in key advisory roles.Todd will serve as Coinkite’s ‘Chief Naysayer’, helping the company review its infrastructure and business practices, while Mohtashami will join the company’s advisory board.Noted for his work as a bitcoin developer, Todd is perhaps best known for his involvement with so-called...

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BizCloud® Now Accepts Bitcoin Payments for Private Cloud Infrastructure Solutions

PRLog (Press Release) - May 14, 2014 - SAN FRANCISCO -- BizCloud® Inc., a leading edge provider of cloud Infrastructure as a Service (IaaS) solutions, announced today that it will begin accepting Bitcoin payments with BitPay starting May 14, 2014. BizCloud® will accept the world's most-used cryptocurrency Bitcoin as payment method for its public, hybrid, and private cloud infrastructure solutions. With this move, BizCloud® becomes one of the first...

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The Declaration of Bitcoin’s Independence

We have been brought to a point where it has become necessary to dissolve the bond between currency and institution. We are not required to declare the causes which impel us to push for the separation, but we will oblige.But we are in an age of appropriation, and nothing is immune. Today bitcoin is not only volatile in its value, but in its very essence. Bitcoin is in the crucial stages of development. Its code can evolve in several directions. It’s...

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Bittylicious Adds Visa and MasterCard Credit Card Support

UK-based bitcoin buying and selling service Bittylicious has announced that EU citizens can now use Visa and MasterCard credit and debit cards to buy BTC via its platform.Launched in June 2013, Bittylicious quickly grew in popularity among UK bitcoin users due to the difficulty posed by trading through popular international bitcoin exchanges.Marc Warne, founder and director of Bittylicious, framed the new service as an extension of Bittylicious’...

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Canada’s Vault of Satoshi to Test Cloud Mining Market

Toronto-based digital currency exchange Vault of Satoshi has announced it plans to launch a cloud mining service beta test.The Managed Mining Contracts program offers one-year ASIC rentals, the company said in a 13th May post on reddit. Hashing power can be purchased in packages starting at 10 gigahashes (10 Gh/s), which costs $70 for the year.Notably, VoS will also host rented bitcoin nodes for every 150 Gh/s plan sold. The company plans to deploy...

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Bank of Canada: Bitcoin Adoption Could Destabilize Global Finance

The Bank of Canada has issued new statements on bitcoin and digital currencies as part of its annual spring review.Perhaps most notably, the central bank speculated that the stability of the financial industry could be threatened by bitcoin and its potential risks, should it develop into a widely used means of payment.The Bank of Canada said:“There could be potential risks to overall financial stability if Bitcoin became a significant means of payment...

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A New Benchmark for Scrypt Mining

The technology of Scrypt mining ASICs has exploded in the past year and many believe that 2014 will be the year for mining scrypt based currencies like Litecoin, Dogecoin and Auroracoin. For a company like Bliss Devices, these advancements are providing individuals with innovative chips, faster hashing and lower cost of ownership. In fact, Bliss Devices has just announced what may be the highest performing Scrypt ASIC chip to date.Bliss Devices was...

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The Right Kind of Privacy

Bitcoin is unique in its approach to privacy. Uneducated observers lament its advantages for illicit activities, but the blockchain keeps track of every transaction and who has how much coin. The revolutionary part of this system is the fact that one must divulge his or her Bitcoin address to lose anonymity, which leaves us with a new kind of privacy–conditional privacy.Most people who support privacy rights are worried about corporations and governments,...

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Crypto Coins SMS Mobile Payment Platform Up and coming launch TXT Coins Now this Summer

490642PRLog (Press Release) - May 12, 2014 - MIAMI -- TXT Coins Now uses text messages, followed by an automated phone call to SECURELY transfer COINS between mobile phones. Consumers will have the ability to deposit/pickup cash and pay bills at merchant locations.Initially this is a solution for everyone without a checking account and no means to easily transfer coins, including the lower 33% of the population. As mobile wallet gains popularity...

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Crypto Coins SMS Mobile Payment Platform Up and coming launch TXT Coins Now this Summer

490642PRLog (Press Release) - May 12, 2014 - MIAMI -- TXT Coins Now uses text messages, followed by an automated phone call to SECURELY transfer COINS between mobile phones. Consumers will have the ability to deposit/pickup cash and pay bills at merchant locations.Initially this is a solution for everyone without a checking account and no means to easily transfer coins, including the lower 33% of the population. As mobile wallet gains popularity...

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