Coin News

Once again the Bitcoin world is full of panic. Shit (mostly Chinese) has hit the fan and prices are falling down as we speak. Five months ago, Bitcoin was at an all-time high. One coin was worth more than a thousand dollars. At the moment I’m writing this; a Bitcoin is valued at a ‘mere’ […]

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Here's what to expect when shibes take over LA's Meltdown Comics this Friday.

The Sacramento Kings launched a bitcoin-only online store on 3rd April with the help of BitDazzle.

Bulgaria has announced it will tax digital currencies as income, but some have concerns over documentation requirements.

The Chicago Sun-Times announced a new partnership with Coinbase on 3rd April.

The exchange is to halt voucher deposits due, in part, to possible restrictions by the Chinese central bank.

I was able to get a sample of the new OneString modular miner. The specs are very good especially when you take power consumption into account. Here are the official specs posted by Ben Turas on BitcoinTalk, whom I interviewed for this review. OneStringMiner board: The OneString Miner boards are designed by Intron and C-scape, […]

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Zach Harvey describes his machine's development, his partner's departure and the bitcoin ATM's true potential.

Some 18 fighters from across Europe, plus Max Keiser, are taking part in the Bitcoin Fight Night this Saturday.

The novel bug-finding scheme rewards security researchers for locating private bitcoin keys hidden within a website.

Whenever a bit of bad news hits the Bitcoin community, there’s always at least one individual who pops up and claims that “this is actually good news.” In the case of the IRS ruling on Bitcoin, that lone individual is Chamath Palihapitiya. Chamath is a well-respected former Facebook executive who doesn’t hold back his excitement […]

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A recent article in Forbes caused a stir. The piece was entitle “A Guide to South Africa’s Economic Bubble and Coming Crisis”. The article lays out the economic case that current South African economic growth is illusory: fuelled by ‘hot money’ and a resulting credit bubble that is ready to pop. It is argued that a global economic environment of low interest rates has resulted in the necessary economic distortions to drive this massive credit bubble. Interest rates should represent the price of savings in an economy. People either save or spend their earnings. What isn’t spent is saved. Those savings are held in a bank or savings institution. The bank then offers those savings to borrowers who need capital […]

The post The Great South African Bubble appeared first on Bitcoin Magazine.

In a ground-breaking move, the team announced that it will accept bitcoin payments in the upcoming season.

TWO weeks ago we published a Free exchange column examining whether Bitcoin could be considered a true money, and if not, why not. Mike Hearn, one of Bitcoin's most prominent software developers, responded to the column somewhat dismissively. I wrote an email response to Mr Hearn, the gist of which I will reproduce here. He makes two broad criticisms. The first is that we have lazily repeated the argument that deflation will kill Bitcoin, which in his view has been debunked. And the second is that we are naive to think put much faith in official inflation statistics.I think Mr Hearn may have misunderstood the piece's argument. It was not that deflation would kill Bitcoin. Rather, it is that deflation will prevent Bitcoin from becoming a unit of account, and that, in turn, will keep it from displacing traditional currencies. But Bitcoin could survive and indeed thrive without becoming the coin of the realm.The issue, as the piece explains, is that deflation in the unit of account leads to unemployment, thanks to the fact that wages generally don't adjust downward. Mr Hearn suggests that the idea that deflation might be costly is controversial among economists. I must disagree; it really isn't. Economists would love it if he were right that deflation didn't matter—that money, in economists' parlance, is neutral. If wages adjusted quickly and cleanly then they could go back to ...

At 1PM on 4/2/14 in room 2360 of the Rayburn House Office Building, the House Committee on Small Business assembled for a hearing on Bitcoin: Examining the Benefits and Risks for Small Business.  The House Committee on Small Business is chaired by Congressman Sam Graves [MO-06], other representatives on the committee are Tom Rice [SC-07], […]

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The bitcoin multi-services company will use the new funds to hire more engineers and expand into new markets.

There has been a lot of rumors and speculation if coin developers of scrypt coins should hard fork their coins to try and block the influx of ASIC’s and protect GPU mining. The development team for Litecoin has released a statement on the LitecoinTalk forum. While the Pro and Con lists can be long and […]

The post Litecoin Will Not Hard Fork to Fend Off ASICs! appeared first on CryptoCoinsNews.

Swedish trading platform Safello wants to be 'the Coinbase for Europe' and has secured backing from major bitcoin names.

Libra will soon have a solution for including bitcoin capital gains on your tax reports.

The most pressing problem evangelical bitcoiners and libertarians face is one of communication. Occasionally on purpose, but more often by accident, they erect four walls and create a barrier between their world and the rest of the world. They struggle to project their glorious message beyond a four-sided prison. In order to engage the audience, they must learn to communicate directly via a medium the audience can relate to and understand. In short, they must learn how to break the fourth wall. The idea of the fourth wall traces its roots back to Ancient Greece, the birthplace of dramatic theatre. A formal construction of the concept didn’t exist until 1758, however, when Denis Diderot, a French Enlightenment philosopher most famous […]

The post Bitcoin Breaks the Fourth Wall of Liberty appeared first on Bitcoin Magazine.

More pain for Bitcoin. You know the drill: There's a crackdown in China and there's the IRS and everything else.

It's now down below $430.

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Colorado Democrat Jared Polis is certainly a huge proponent of bitcoin. About a month ago, Polis wrote a satirical letter to Congress calling for the immediate ban of the U.S. dollar. Senator Joe Manchin had urged the U.S. Treasury to ban bitcoin since it can be used in illegal transactions and offered some degree of […]

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