Coin News

Online bitcoin-only luxury marketplace BitPremier has completed the sale of a fully managed villa at the deLMango Villa Estate in Bali, Indonesia, in what may be the largest reported bitcoin transaction to date. Founder and CEO Alan Silbert indicates that the 3,000-square-foot villa sold for more than $500,000, though the exact price paid by the […]

Illinois is one of many states that are moving, or have moved, to clarify the role of cryptocurrencies. There have been hearings in New York where advocates of Bitcoin addressed the Department of Financial Services on the benefits of embracing crypto, last month, February, California proposed an amendment that would lead to the legalisation of […]

The post The Transmitters of Money Act: Illinois Amendment appeared first on CryptoCoinsNews.

Earlier today, KnCMiner updated their website to reveal a Litecoin Mining Hardware tab, right next to their Bitcoin Mining Hardware tab.  Under the new tab, KnCMiner reveals information on their newest ASIC miner: The Titan.  The Titan is a 100 MH/s Scrypt ASIC that is designed to be used on the Litecoin network.  Of course, […]

The post KnCMiner Reveals Titan: Litecoin Mining Hardware Capable Of 100 MH/s appeared first on CryptoCoinsNews.

Earlier today, KnCMiner updated their website to reveal a Litecoin Mining Hardware tab, right next to their Bitcoin Mining Hardware tab.  Under the new tab, KnCMiner reveals information on their newest ASIC miner: The Titan.  The Titan is a 100 MH/s Scrypt ASIC that is designed to be used on the Litecoin network.  Of course, […]

The post KnCMiner Reveals Titan: Litecoin Mining Hardware Capable Of 100 MH/s appeared first on CryptoCoinsNews.

Alydian has announced it is now accepting bids for three mining systems with a combined 218TH/s output.

Robocoin, a company based in Los Angles, has announced that they will be debuting their new bi-directional BTC ATM in California on march 20th, 2014 at the . This ATM will be the first of its kind for California that allows users to exchange Bitcoin both ways, they can buy or sell at a single […]

The post California’s First BTC ATM To Be Debuted March 20th appeared first on CryptoCoinsNews.

Bitcoin Core version 0.9.0 has been released and is available from the Bitcoin website. This is a major version release that provides new features, as well as bug fixes. Upgrades include: a name change to Bitcoin Core a faster wallet GUI fixes relating to Transaction Malleability improvements to blockchain handling and storage a lower network […]

The post Bitcoin Core 0.9.0 Released appeared first on CryptoCoinsNews.

Alpha Technology, the world’s first manufacture of Litecoin (Scrypt) ASIC miners, today released developmental progress news and announced the re-opening of orders. Having started development in May 2013, Alpha Technology wants to remind readers that they are still leading the way in Litecoin (Scrypt) ASIC mining and are on schedule to ship in July 2014. […]

The post Alpha Technology Reveals Chip Improvements And Reopening Of Batch 1 appeared first on CryptoCoinsNews.

Last Friday, The Internet Corporation for Assigned Names and Numbers (ICANN) put a process in motion that would transition the role of the United States Government in the Internet’s unique identifier system. The plan marks an important moment, meaning the US Government would relinquish their remaining control of the Internet, and transfer important technical functions of the Internet to the global Internet community. Presently, the government’s current responsibilities include the role of administering changes to the Domain Name System’s (DNS) root zone file, which is the database of top-level domains (.edu, .gov, .mil). Additionally, the US Government also oversees the historic data regarding unique identifier registries for Domain names, IP addresses and protocol parameters. A recent ICANN article stated, “the […]

The post Bitcoin and Namecoin Appear in Draft ICANN Report – U.S. Plans to Relinquish Remaining Control of Internet appeared first on Bitcoin Magazine.

Last Friday, The Internet Corporation for Assigned Names and Numbers (ICANN) put a process in motion that would transition the role of the United States Government in the Internet’s unique identifier system. The plan marks an important moment, meaning the US Government would relinquish their remaining control of the Internet, and transfer important technical functions of the Internet to the global Internet community. Presently, the government’s current responsibilities include the role of administering changes to the Domain Name System’s (DNS) root zone file, which is the database of top-level domains (.edu, .gov, .mil). Additionally, the US Government also oversees the historic data regarding unique identifier registries for Domain names, IP addresses and protocol parameters. A recent ICANN article stated, “the […]

The post Bitcoin and Namecoin Appear in Draft ICANN Report – U.S. Plans to Relinquish Remaining Control of Internet appeared first on Bitcoin Magazine.

Bitcoin Vs Gold. Why Bitcoin Wins Bitcoin is often called “Gold 2.0” because they share many of the same traits. As we have magazines dedicated to “head to head” matchups in cars, motorcycles, computer parts, cell phones, etc. – perhaps we should have a head-to-head matchup between gold 1.0 and gold 2.0, Metal vs Digital. Money is commonly recognized to have six essential elements that make it ideal for transferring value between parties. These will be our criteria. ·         Durability ·         Portability ·         Divisibility ·         Fungible ·         Limited supply ·         Acceptability History Gold was used as a currency for 5,000 years. The US confiscated the citizens’ gold in 1933 then arbitrarily raised the recognized the set price by 40%, thus […]

The post Bitcoin vs Gold appeared first on Bitcoin Magazine.

Decentralized payment systems like bitcoin could influence financial innovation in India – whether the government likes it or not.

Core developers have renamed the bitcoin reference client Bitcoin Core to reduce confusion between the network and the software.

PotCoin and DopeCoin are two new Bitcoin-like cryptocurrencies aimed specifically at buying drugs, reports the Huffington Post.

PotCoin is targeting the legal recreational and medical marijuana industry while DopeCoin is unconcerned with legality.

Both currencies have their pseudonymous creators, just like Bitcoin's "Satoshi Nakamoto." "Mrjones" and "smokeman," creators of PotCoin, imagine their currency being used not only in the U.S., but also from Vancouver to Amsterdam, wherever money can legally be exchanged for weed.

They launched the currency earlier this year on January 21 at 4:20 p.m., but no retailers have committed to using it yet. They are undeterred — smokeman said "our inbox is jammed with point of sale inquiries from merchants along with some of the kindest, heartfelt letters of encouragement and thanks."

There is an official PotCoin subreddit here that they hope will continue to maintain people's interest as the developers' plans come to fruition.

"Dopey," the person behind DopeCoin, said that currency will be used anywhere from underground drug markets like Silk Road to more legitimate retail outlets like Overstock. "This is a digital currency created by the people for the people and what people do with it has the same consequences and responsibilities that they would have for the American dollar," he told the Huffington Post. "This is about giving people a currency choice that protects them from anyone who shouldn't be looking into what they are spending money on in their private lives."

Perhaps surprisingly, DopeCoin is already accepted at four stores: "Two brick-and-mortar businesses in Europe and two online merchants in the U.S."

Cryptocurrencies can solve some big problems for marijuana dispensaries that are legal at the state level, but federally illegal:

Because federal law still considers marijuana illegal, traditional banks have shunned the businesses, leaving them unable to accept credit cards or open simple checking accounts. Without secure options, the businesses are largely forced into cash-only transactions, risking safety and raising tax and employee payroll issues.

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Bitcoin has seen its popularity go up tremendously in the past year. Some argue that this is due to the worldwide financial crisis. This is proven when looking at specific countries that have been hit harder than others by this disaster. Cyprus being a great example of this. Bailout deal The mediterranean island reached headlines […]

The post Scared Cyprus government issues Bitcoin warning appeared first on CryptoCoinsNews.

Danmarks Nationalbank, the Danish central bank, has issued a stern warning on bitcoin, comparing cryptocurrencies to glass beads.

CoinEX.pw has confirmed it recently suffered a hack resulting in the theft of all the bitcoins in its possession.

Fortress Investment Group, Pantera Capital, Benchmark Capital and Ribbit Capital have teamed up to launch a bitcoin investment fund.

Another one bites the dust. CoinEx.pw seems to be the next exchange that became the victim of a successful hack. Today, CoinEx finally responded on Bitcointalk.org. A few days ago, people started complaining in CoinEx’ official thread at the Bitcointalk forum. At first, deposits and withdrawals seemed impossible. Shortly after that, basic trading became unavailable, […]

The post Breaking: CoinEx.pw hacked, all coins stolen appeared first on CryptoCoinsNews.

Bitcoin’s preeminent homeless-support charity, Sean’s Outpost, is under attack. According to Bitcoin Not Bombs, the Escambia Board of County Commissioners authorized the county attorney to file an injunction on Sean’s Outpost and its “Satoshi Forest” project.  The Board authorized the injunction with only three of the five commissioners present to vote. The latest in a series […]

The post Sean’s Outpost & Satoshi Forest Under Attack appeared first on CryptoCoinsNews.

Prices for second most popular digital currency litecoin surged today, in anticipation of Chinese exchange Huobi officially trading it.

Last Tuesday, another warning against the usage of Bitcoin was thrown into the world. The Massachusetts Consumer Affairs Office issued an official consumer alert, warning people about the risks of buying and trading the virtual currency. Mt. Gox and Boston ATM The alert isn’t any different from previous warnings we’ve seen, but it’s special since […]

The post Massachusetts reviewing legality of Boston Bitcoin ATM appeared first on CryptoCoinsNews.

How can we best describe bitcoin - is it a digital currency, or a virtual one, or both?

As you may already know, Blockchain went down 03/17/14 unexpectedly, the company responded saying that: “We have temporarily suspended Shared Coin transactions while investigating some transactions that are “stuck”. The particular transaction in question is https://blockchain.info/tx-index/115315411/10. Rebroadcasting this transaction in bitcoind results, in Error code -22.” The issue was not clearly known until Blockchain released […]

The post Breaking: Blockchain Outage And Cause Of The Issue appeared first on CryptoCoinsNews.

Editor‘s Note: Biostar is incredibly late to the party.  Each one of Biostar’s ASIC chips provides around 375 MH/s for 2W.  These units are on par with Avalon and ASICMiner Batch 1 ASICs from 2012.  These ASIC chips will only be able to hash SHA-256, there are ASIC chips that can hash Scrypt  faster and […]

The post Late To The Party: Biostar To Release BTC-24GH Bitcoin ASIC Mining Board appeared first on CryptoCoinsNews.