Coin News

On Monday the Internal Revenue Service finally said what it thinks of Bitcoin, and on first blush, it looks like it could cause hassles for some bitcoin owners. But it will be a gold mine for companies offering bitcoin wallets.

The Bitcoin protocol's more forward-thinking implications were the subject of CoinSummit's decentralized application panel on 25th March.

It seems like the United States is not the only country making important decisions about bitcoin in the middle of its tax season. Shortly after the US Internal Revenue Service declared that they will treat digital currencies like property for tax purposes this afternoon, the Tax Board in Denmark has ruled that gains and losses […]

CoinSummit assembled notable industry investors for a candid talk about what kinds of companies have the most appeal.

All those people who rode the Bitcoin rollercoaster last year, who bought in at $13 and then sold (or spent) their Bitcoin when it topped $1,000, will need to use some of their profits to pay an accountant, unless tax entrepreneurs come to their rescue.

Prime Minister Tayyip Erdogan recently banned Twitter in Turkey after the network refused to remove tweets linking to incriminating recordings and documents directly involving him. After vehemently denying the validity of these documents, Erdogan announced on March 20 that following a court order, Twitter would be disabled in the country. “We’ll eradicate Twitter,” he said. […]

The post Could Turkey’s Twitter ban push citizens to Namecoin? appeared first on CryptoCoinsNews.

Kraken announced a new Series A funding round on Tuesday led by Hummingbird Ventures.

The IRS issued its hotly anticipated guidance on bitcoin today, explaining that it will tax the digital money as property, not currency.

Marc Andreessen spoke today at CoinSummit about the potential he sees in bitcoin.

Recently, Warren Buffett called Bitcoin "a mirage" and warned investors to stay away.

Today, at the CoinSummit in San Francisco, executives at Andreessen Horowitz, which has invested millions in Bitcoin and plans to invest "hundreds of millions more," responded.

First, Marc Andreessen said Buffett's remarks were an example of "old white men crapping on new technology they don't understand."

Then, Balaji Srinivasan claimed Bitcoin had outperformed Berkshire Hathaway "by a lot."

This is all per Marketwatch's Saumya Vaishampayan live-blog of the event.

Bitcoin prices stand at $584.

SEE ALSO: The IRS Has Ruled Bitcoin Is Property

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The implosion of Mt. Gox is just every other bitcoin exchange’s gain. Payward, which runs the alt-coin exchange Kraken, said it just raised a $5 million Series A round. Hummingbird Ventures, which is based out of Europe, took the entire round. Kraken is a platform that serves bitcoin along with a number of other currencies like Litecoin, Namecoin, Ven and Ripple. It’s one of the top 10… Read More

People love referring to Bitcoin as a "cryptocurrency," but the Internal Revenue Service looks at it a little differently. According to a new IRS statement, Bitcoin should be considered property, not currency. What does that mean for US Bitcoin...

The IRS has issued a bevy of questions and answers about digital currencies like Bitcoin. The biggest news is that it is property for tax purposes, which means that: Wages paid to employees using virtual currency are taxable, must be reported on a Form W-2, and are subject to federal income tax withholding and payroll taxes. Payments using virtual currency made to independent contractors are taxable and payers must issue Form 1099. Gain or loss from the sale or exchange of virtual currency depends on whether the virtual currency is a capital asset in your hands. A payment made using virtual currency is subject to Form 1099 reporting just like any other payment made in property.

There's going to be Dogecoin car at the Talladega this May.

The Dogecoin community has raised $50,000 to sponsor#98 Josh Wise's Ford at the annual Alabama megarace.

"We got the whole car, it's going to be doged out to the limit," Dogecoin Foundation rep Ben Doernberg told BI in an email.

From the Dogecoin community's release:

The fundraiser began when members of reddit’s NASCAR community identified Josh Wise as an up-and-coming underdog driver in need of a sponsor. 8 days later, he now has the most wow sponsor in the history of NASCAR. "I can't thank the Dogecoin and reddit community enough for the support," said Wise, who drives for Phil Parsons Racing. "To the moon!"

Wise, 31, has been Tweeting about the news for the past 48 hours:

Amazing! RT @Niklbag: @Josh_Wise the dogecoin community has almost reached its goal. 55 million #dogecoins collected at this point.

— Josh Wise (@Josh_Wise) March 24, 2014

We are hours away from hitting our http://t.co/GYP1urWHST goal! #dogecoin @Josh_Wise

— somedoges (@bitcoinbegger) March 24, 2014

Wow. I have been flying back to Charlotte today and just landed to new that @dogecoin and the @reddit community raised enough $ to sponsor!

— Josh Wise (@Josh_Wise) March 25, 2014

Just a week ago this was only an idea and now it's a reality. So thankful for all the fans, @reddit community and @dogecoin for doing this👍

— Josh Wise (@Josh_Wise) March 25, 2014

At $41.8 million, Dogecoin now enjoys one of the largest market caps of any digital currency in existence.

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Marc Andreessen and Balaji Srinivasan, two of Bitcoin’s biggest bulls in the venture capital industry, stepped up their rhetoric against skeptics of the crypto-currency today at the Coin Summit conference in San Francisco. Addressing Warren Buffett, who recently called Bitcoin a “mirage” and warned investors to stay away from it, Andreessen joked that the “track record of… Read More

That will please investors but not Bitcoin 'miners' who will have to report earnings as taxable income

Hal Finney's light brown eyes are pointed down.

The IRS ruled Tuesday that the embattled virtual currency Bitcoin is “property, not currency,” paving the way for regulation in the U.S.   

The IRS has released a new notice relating to its treatment of bitcoin and other digital currencies.

With April 15 looming, plenty of bitcoin barons have been wondering how to treat their newfound crypto-fortunes. Does it count as capital gains? Is it taxed like a currency? Is it taxed at all? Well, on Tuesday, the Internal Revenue Service announced definitively that Bitcoin is property and much be taxed as such.

Read more...

The IRS has officially stated that bitcoin is a property - similar to any other valuable commodity - rather than a currency. What does this mean? Not much. In short, if you pay someone in bitcoin - in the same way you could pay them in gold - the wages are taxed accordingly. It is also not considered legal tender but a capital asset. Read More

While Bitcoiners are busy watching the Coinsummit livestream, the IRS finally released their Virtual Currency Guidance that was promised many months ago.  The most noteworthy points are right in the title: Virtual Currency Is Treated as Property for U.S. Federal Tax Purposes; General Rules for Property Transactions Apply Here is the full release: IRS Virtual […]

The post IRS Virtual Currency Guidance: Bitcoin Is Treated as Property for U.S. Federal Tax Purposes appeared first on CryptoCoinsNews.

The IRS has ruled Bitcoin should be treated as property for federal tax purposes.

Full release:

IRS Virtual Currency Guidance: Virtual Currency Is Treated as Property for U.S. Federal Tax Purposes; General Rules for Property Transactions Apply  

IR-2014-36, March. 25, 2014

WASHINGTON – The Internal Revenue Service today issued a notice providing answers to frequently asked questions (FAQs) on virtual currency, such as Bitcoin. These FAQs provide basic information on the U.S. federal tax implications of transactions in, or transactions that use, virtual currency.

In some environments, virtual currency operates like “real” currency -- i.e., the coin and paper money of the United States or of any other country that is designated as legal tender, circulates, and is customarily used and accepted as a medium of exchange in the country of issuance -- but it does not have legal tender status in any jurisdiction.

The notice provides that virtual currency is treated as property for U.S. federal tax purposes. General tax principles that apply to property transactions apply to transactions using virtual currency. Among other things, this means that:

• Wages paid to employees using virtual currency are taxable to the employee, must be reported by an employer on a Form W-2, and are subject to federal income tax withholding and payroll taxes.
• Payments using virtual currency made to independent contractors and other service providers are taxable and self-employment tax rules generally apply.  Normally, payers must issue Form 1099.
• The character of gain or loss from the sale or exchange of virtual currency depends on whether the virtual currency is a capital asset in the hands of the taxpayer.
• A payment made using virtual currency is subject to information reporting to the same extent as any other payment made in property. 

And here is a full Q&A:

SECTION 4. FREQUENTLY ASKED QUESTIONS

Q-1:  How is virtual currency treated for federal tax purposes?

A-1:  For federal tax purposes, virtual currency is treated as property.  General tax principles applicable to property transactions apply to transactions using virtual currency.

Q-2:  Is virtual currency treated as currency for purposes of determining whether a transaction results in foreign currency gain or loss under U.S. federal tax laws?

A-2:  No.  Under currently applicable law, virtual currency is not treated as currency that could generate foreign currency gain or loss for U.S. federal tax purposes.

Q-3:  Must a taxpayer who receives virtual currency as payment for goods or services include in computing gross income the fair market value of the virtual currency?

A-3:  Yes.  A taxpayer who receives virtual currency as payment for goods or services must, in computing gross income, include the fair market value of the virtual currency, measured in U.S. dollars, as of the date that the virtual currency was received.  See Publication 525, Taxable and Nontaxable Income, for more information on miscellaneous income from exchanges involving property or services.

Q-4:  What is the basis of virtual currency received as payment for goods or services in Q&A-3?

A-4:  The basis of virtual currency that a taxpayer receives as payment for goods or servicesin Q&A-3 is the fair market value of the virtual currency in U.S. dollars as of the date of receipt.  See Publication 551, Basis of Assets, for more information on the computation of basis when property is received for goods or services.

Q-5:  How is the fair market value of virtual currency determined?

A-5:  For U.S. tax purposes, transactions using virtual currency must be reported in U.S. dollars.  Therefore, taxpayers will be required to determine the fair market value of virtual currency in U.S. dollars as of the date of payment or receipt.  If a virtual currency is listed on an exchange and the exchange rate is established by market supply and demand, the fair market value of the virtual currency is determined by converting the virtual currency into U.S. dollars (or into another real currency which in turn can be converted into U.S. dollars) at the exchange rate, in a reasonable manner that is consistently applied.  

Q-6:  Does a taxpayer have gain or loss upon an exchange of virtual currency for other property?

A-6:  Yes.  If the fair market value of property received in exchange for virtual currency exceeds the taxpayer’s adjusted basis of the virtual currency, the taxpayer has taxable gain.  The taxpayer has a loss if the fair market value of the property received is less than the adjusted basis of the virtual currency.  See Publication 544, Sales and Other Dispositions of Assets, for information about the tax treatment of sales and exchanges, such as whether a loss is deductible.

Q-7:  What type of gain or loss does a taxpayer realize on the sale or exchange of virtual currency?

A-7:  The character of the gain or loss generally depends on whether the virtual currency is a capital asset in the hands of the taxpayer.  A taxpayer generally realizes capital gain or loss on the sale or exchange of virtual currency that is a capital asset in the hands of the taxpayer.  For example, stocks, bonds, and other investment property are generally capital assets.   A taxpayer generally realizes ordinary gain or loss on the sale or exchange of virtual currency that is not a capital asset in the hands of the taxpayer.  Inventory and other property held mainly for sale to customers in a trade or business are examples of property that is not a capital asset.  See Publication 544 for more information about capital assets and the character of gain or loss.

Q-8:  Does a taxpayer who “mines” virtual currency (for example, uses computer resources to validate Bitcoin transactions and maintain the public Bitcoin transaction ledger) realize gross income upon receipt of the virtual currency resulting from those activities?

A-8:  Yes, when a taxpayer successfully “mines” virtual currency, the fair market value of the virtual currency as of the date of receipt is includible in gross income.  See Publication 525, Taxable and Nontaxable Income, for more information on taxable income.

Q-9:  Is an individual who “mines” virtual currency as a trade or business subject to self-employment tax on the income derived from those activities?

A-9: If a taxpayer’s “mining” of virtual currency constitutes a trade or business, and the “mining” activity is not undertaken by the taxpayer as an employee, the net earnings from self-employment (generally, gross income derived from carrying on a trade or business less allowable deductions) resulting from those activities constitute self-employment income and are subject to the self-employment tax.  See Chapter 10 of Publication 334, Tax Guide for Small Business, for more information on self-employment tax and Publication 535, Business Expenses, for more information on determining whether expenses are from a business activity carried on to make a profit.

Q-10:  Does virtual currency received by an independent contractor for performing services constitute self‑employment income?

A-10:  Yes.  Generally, self‑employment income includes all gross income derived by an individual from any trade or business carried on by the individual as other than an employee.  Consequently, the fair market value of virtual currency received for services performed as an independent contractor, measured in U.S. dollars as of the date of receipt, constitutes self‑employment income and is subject to the self-employment tax.  See FS-2007-18, April 2007, Business or Hobby? Answer Has Implications for Deductions, for information on determining whether an activity is a business or a hobby.

Q-11:  Does virtual currency paid by an employer as remuneration for services constitute wages for employment tax purposes?

A-11:  Yes.  Generally, the medium in which remuneration for services is paid is immaterial to the determination of whether the remuneration constitutes wages for employment tax purposes.  Consequently, the fair market value of virtual currency paid as wages is subject to federal income tax withholding, Federal Insurance Contributions Act (FICA) tax, and Federal Unemployment Tax Act (FUTA) tax and must be reported on Form W-2, Wage and Tax Statement.  See Publication 15 (Circular E), Employer’s Tax Guide, for information on the withholding, depositing, reporting, and paying of employment taxes.

Q-12:  Is a payment made using virtual currency subject to information reporting?

A-12:  A payment made using virtual currency is subject to information reporting to the same extent as any other payment made in property.  For example, a person who in the course of a trade or business makes a payment of fixed and determinable income using virtual currency with a value of $600 or more to a U.S. non-exempt recipient in a taxable year is required to report the payment to the IRS and to the payee.  Examples of payments of fixed and determinable income include rent, salaries, wages, premiums, annuities, and compensation. 

Q-13:  Is a person who in the course of a trade or business makes a payment using virtual currency worth $600 or more to an independent contractor for performing services required to file an information return with the IRS?

A-13:  Generally, a person who in the course of a trade or business makes a payment of $600 or more in a taxable year to an independent contractor for the performance of services is required to report that payment to the IRS and to the payee on Form 1099-MISC, Miscellaneous Income.  Payments of virtual currency required to be reported on Form 1099-MISC should be reported using the fair market value of the virtual currency in U.S. dollars as of the date of payment.  The payment recipient may have income even if the recipient does not receive a Form 1099-MISC.  See the Instructions to Form 1099-MISC and the General Instructions for Certain Information Returns for more information.  For payments to non-U.S. persons, see Publication 515, Withholding of Tax on Nonresident Aliens and Foreign Entities.

Q-14:  Are payments made using virtual currency subject to backup withholding?

A-14:  Payments made using virtual currency are subject to backup withholding to the same extent as other payments made in property.  Therefore, payors making reportable payments using virtual currency must solicit a taxpayer identification number (TIN) from the payee.  The payor must backup withhold from the payment if a TIN is not obtained prior to payment or if the payor receives notification from the IRS that backup withholding is required.  See Publication 1281, Backup Withholding for Missing and Incorrect Name/TINs, for more information.

Q-15:  Are there IRS information reporting requirements for a person who settles payments made in virtual currency on behalf of merchants that accept virtual currency from their customers?

A-15:  Yes, if certain requirements are met.  In general, a third party that contracts with a substantial number of unrelated merchants to settle payments between the merchants and their customers is a third party settlement organization (TPSO).  A TPSO is required to report payments made to a merchant on a Form 1099-K, Payment Card and Third Party Network Transactions, if, for the calendar year, both (1) the number of transactions settled for the merchant exceeds 200, and (2) the gross amount of payments made to the merchant exceeds $20,000.  When completing Boxes 1, 3, and 5a-1 on the Form 1099-K, transactions where  the TPSO settles payments made with virtual currency are aggregated with transactions where the TPSO settles payments made with real currency to determine the total amounts to be reported in those boxes.  When determining whether the transactions are reportable, the value of the virtual currency is the fair market value of the virtual currency in U.S. dollars on the date of payment. 

See The Third Party Information Reporting Center, http://www.irs.gov/Tax-Professionals/Third-Party-Reporting-Information-Center, for more information on reporting transactions on Form 1099-K.

Q-16:  Will taxpayers be subject to penalties for having treated a virtual currency transaction in a manner that is inconsistent with this notice prior to March 25, 2014?

A-16:  Taxpayers may be subject to penalties for failure to comply with tax laws.  For example, underpayments attributable to virtual currency transactions may be subject to penalties, such as accuracy-related penalties under section 6662.  In addition, failure to timely or correctly report virtual currency transactions when required to do so may be subject to information reporting penalties under section 6721 and 6722.  However, penalty relief may be available to taxpayers and persons required to file an information return who are able to establish that the underpayment or failure to properly file information returns is due to reasonable cause.  

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Disclaimer: The author of this interview owns a few PesetaCoins. Many of us saw this coming: local cryptocurrencies. Following the steps of Auroracoin and Mazacoin, here comes PesetaCoin, the Spanish crypto (pesetacoin.info). With 6 million unemployed, youth unemployment over 50%, booming debt, rampant corruption, oppressive laws and an economy predated by bankers, Spain is not looking good. However, Spaniards are amazing fighters. And CryptoMP is one of them. He’s the father of this new cryptocurrency. Néstor Romeral Andrés: Who is behind PesetaCoin? CryptoMP: The design of the currency as such, the first coin, the first services and some other things are my creation, but this coin has come where it is now thanks to the community that has joined the […]

The post PesetaCoin: The Spanish Cryptocurrency appeared first on Bitcoin Magazine.

Moolah founder Alex Green accidentally typed an extra zero, raising the amount to 20 million dogecoin – or $15,000.

Startup derivatives exchange Tera claims to have created the first bitcoin swap, allowing financial institutions to hedge bitcoin's volatility.

Although almost half (48%) of American adults now know what Bitcoin is, just 13% say they would choose to invest in it over gold, according to a new Harris Interactive poll on behalf of Yodlee, a financial software firm.

The poll was conducted in December 2013 among 2,039 adults ages 18 and older. 

Support for the digital currency was strongest among younger respondents: 20%of 18-34 year-olds who know what Bitcoin is said they would choose to invest in Bitcoin over gold. Thirty-nine percent were not in favor of any government being able to regulate Bitcoin, compared with 28% among 45-54 and 24% among 55-year-olds and older.

Other findings:

• 55% of Westerners said they'd heard of Bitcoin, but just 7% said they'd choose it over gold, the lowest in any region.
• Only 35% of women across the country have heard of Bitcoin, compared with 63% of men. Only 10% of women said they'd choose Bitcoin over gold.
• The Northeast is America’s most pro-Bitcoin region, with 19% saying they'd choose the digital currency over gold. 51% said they'd heard of it.

Click here to see the full results »

SEE ALSO: Thieves Swipe $70,000 From Bitcoin Exchange

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Although almost half of Americans know what bitcoin is, only 13% would choose it over gold as an investment.

March 22, 2014 (Dublin, Ireland) – The Irish company behind the Bitcoin prediction market Predictious is announcing the private beta launch of a new colored coin web wallet Coinprism. Colored coins use Bitcoins to represent other assets and store them on the Bitcoin Blockchain. Colored coins can be used to represent anything, such as stocks, bonds, smart properties, securities, precious metals, commodities, other currencies (such as dollars, pounds or euros), and even other crypto-currencies. A company which wants to do an IPO can do so with colored coins in a matter of minutes and practically for free: they can use Coinprism to create and issue shares. The shares can then be exchanged as easily as Bitcoins through the Blockchain, across […]

The post Irish Company Unveils World’s First Colored Coins Web Wallet appeared first on Bitcoin Magazine.

Here we go again.

Thieves have made off with approximately 1.55 million in a digital currency called BlackCoin, worth 120 Bitcoin, or about $70,000, from exchange site Cryptorush.

Cryptorush rep "linkandzelda" made the announcement on Bitcointalk.org. The thieves took advantage in a glitch involving BlackCoin, a proof-of digital currency, to swipe the Bitcoin, he said. User balances at the exchange were accidentally inflated to an extra 22 million coins, allowing them to withdraw more than they had. 

"We'll post more when we know how we can pay back affected users or get some compensation for this massive massive loss," linkandzelda wrote. "100 BTC doesn't just come out of thin air, so please be patient while we make this right."

So far, Bitcoin prices haven't changed much on the news, and now stand at $579.

(Spotted by CryptoCoinNews)

SEE ALSO: New Heists Reveal Two Key Things About The State Of Bitcoin

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Here we go again.

Thieves have made off with approximately 1.55 million in a digital currency called BlackCoin, worth 120 Bitcoin, or about $70,000, from exchange site Cryptorush, according to a post on Bitcointalk.org.

Cryptorush rep "linkandzelda" said the thieves took advantage of a glitch at the exchange involving accounts holding BlackCoin, a proof-of digital currency, he said. User balances at the exchange were accidentally inflated to an extra 22 million coins, allowing them to withdraw more than they had. 

"We'll post more when we know how we can pay back affected users or get some compensation for this massive massive loss," linkandzelda wrote. "100 BTC doesn't just come out of thin air, so please be patient while we make this right."

CryptoRush customers have been quick to blame CryptoRush for the glitch. "The only chance this exchange has any chance now at surviving... is to make a public statement of apology AND return all funds (even if using money earned from the trades)," wrote Bitcointalk user "mybougsname".  "It would be tedious, but worthwhile to manually go thru the logs and see who withdrew to many coins."

So far, Bitcoin prices haven't changed much on the news, and now stand at $579.

(Spotted by CryptoCoinNews)

SEE ALSO: New Heists Reveal Two Key Things About The State Of Bitcoin

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Another exchange is facing difficult times. CryptoRush has been in the eye of the storm concerning a bug with Blackcoin. Thousands of Blackcoins are reported stolen, leaving many of the customers with empty wallets. Long patching time According to a post at Bitcointalk made by Linkandzelda, one of Cryptorush’s founders, there was an unannounced fork […]

The post Breaking: CryptoRush loses millions of Blackcoins appeared first on CryptoCoinsNews.

Overstock.com CEO and bitcoin advocate Patrick Byrne will deliver the keynote at the Bitcoin 2014 conference in Amsterdam.

The European Central Bank (ECB) has reiterated its position on digital currencies, saying they should not be overlooked.

Once Bitten, Twice Shy for Credit Card Hacks As a victim of the Target credit card hack, and having to work with the bank to replace the stolen identity, this writer can speak first-hand about thinking twice about giving out my credit card again. Not just to Target, but to any store. As the Venture Capital Partner  from Andressen Horowizts, Marc Andreessen recently tweeted: Corollary: Giving your credit card info to online merchant in 2014 is data equivalent of unprotected sex. For the love of God, please stop. — Marc Andreessen (@pmarca) March 23, 2014 It was uncovered recently that MasterCard discovered a security breach for the State of California Department of Motor Vehicles for credit card hack. This went […]

The post Once Bitten, Twice Shy: Why the Credit Card Network is Ready for a Paradigm Shift appeared first on Bitcoin Magazine.

UAE residents looking forward to Dubai's bitcoin ATM army may be disappointed to discover that it’s not happening, yet.

We have seen several countries taking a stance on Bitcoin in the past few months. Some would rather see it disappear while others carefully embrace the concept. Today, the European Central Bank issued a remarkable statement. Economically unimportant The European Central Bank (ECB) has always remained silent on the topic of virtual currencies. Strange because, […]

The post ECB says Bitcoin is ‘economically insignificant’ appeared first on CryptoCoinsNews.

The global cash payment network has 'temporarily' halted digital transactions as its payment processor awaits clarification on regulations.

Third party service developers want bitcoin's developers to open up the blockchain.

(By: Tim Swanson) In the aftermath of Mt. Gox’s collapse, the Bitcoin community has clamored for more accountability from exchanges and wallets that held bitcoin on behalf of its users.  Several weeks ago, Bitcoin developer Greg Maxwell proposed a method (detailed in this post) using Merkle trees that allows users to verify that sites hold […]

The post Bifubao unveils first production-scale Proof of Reserves appeared first on CryptoCoinsNews.

P2Pool is a decentralized mining pool that creates a peer-to-peer network of miner nodes. Each node joins the p2p pool by running the p2pool software. P2Pool allows anyone to mine – no matter how low their hashrate -  you just have to select an appropriate altcoin and node setup. This collection of resources enables you […]

The post P2Pool Resource Library appeared first on CryptoCoinsNews.

Cryptocurrency mining has come a long way since Satoshi Nakamoto mined those very first Bitcoins using only CPU cycles. Background The harnessing of graphic card GPUs pushed mining rates to Gigahashes per second, and recently, the development of ASICs made Terahash rates possible. Many miners either fell out of the race or were forced to […]

The post P2Pool Mining: What You Need To Know appeared first on CryptoCoinsNews.

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This week the new fastest USB bitcoin miner of the world will release: The hex•fury 11+ GH/s USB stick miner. This one is seen as the big brother of the bi•fury, the USB miner which released in October last year. Despite of the fall of MtGox there is still a big demand for USB miners, and as there are just a couple of bi•furies left now, this successor takes a perfect timing to gain the market share. The first announcement about the hex•fury appeared a few days ago on the Bitcointalk.org forum, the place where you can find all the latest news about Bitcoin stuff. Immediately a lot of people showed their interest, and the price guessing almost turned out […]

The post Hello hex•fury! The newest fastest USB Bitcoin miner of the world. appeared first on Bitcoin Magazine.

Exclusive: The Drop – Auroracoin On an island northwest of continental Europe, at midnight, the people of Iceland will experience a spectacle of light coming over their country as auroracoins fall from the sky. Not literally of course, but the 330,000 citizens of Iceland will finally be able to receive 31.8 auroracoins worth approximately $380. That’s totaling 125 million dollars worth of coins, just given away. The coins will be distributed two main ways: The first way is as follows, since 80% of the Icelandic population is on Facebook, Icelandic citizens will be able to claim their coins simply by logging into Facebook through a gateway.  Once the user logs into the site, the user will be required to provide […]

The post The Airdrop – Auroracoin appeared first on Bitcoin Magazine.

Exclusive: The Drop – Auroracoin On an island northwest of continental Europe, at midnight, the people of Iceland will experience a spectacle of light coming over their country as auroracoins fall from the sky. Not literally of course, but the 330,000 citizens of Iceland will finally be able to receive 31.8 auroracoins worth approximately $380. That’s totaling 125 million dollars worth of coins, just given away. The coins will be distributed two main ways: The first way is as follows, since 80% of the Icelandic population is on Facebook, Icelandic citizens will be able to claim their coins simply by logging into Facebook through a gateway.  Once the user logs into the site, the user will be required to provide […]

The post The Airdrop – Auroracoin appeared first on Bitcoin Magazine.