Coin News

Chinese bitcoin exchange BTC China has stopped accepting RMB deposits, revealing the move in a post on Weibo.

Yesterday, Caixin reported that the PBOC, led by the Payment and Clearing Organization of China, has been having meetings and interviews with commercial banks, third party payment processors, and Bitcoin exchanges within China.  PBOC officials made it very clear that they wished to completely cut off the funding line of Chinese RMB into Bitcoin trading […]

The post BTC China Halts Chinese RMB Deposits In Light Of Renewed PBOC Crackdown appeared first on CryptoCoinsNews.

One of the most interesting aspects of the bitcoin story has been the evolving set of solutions for securely storing bitcoins. It’s an issue that combines the classic tradeoffs between security and convenience with all the dynamism of the rapidly changing cryptocurrency landscape.

Face-to-face trades, as frequently arranged via LocalBitcoins, are a popular way to swap Bitcoin for fiat or goods. As with online exchanges, the method has its attendant risks. Following some common sense guidelines is recommended, but the use of cryptographic contracts has the potential to further thwart scammers. he topic of in-person or face-to-face Bitcoin […]

The post A Simple Trick To Secure Your Face-to-face Bitcoin Trades appeared first on CryptoCoinsNews.

A dogecoin-themed conference held 25th April brought hundreds to hear from leaders in the altcoin industry.

A dogecoin-themed conference held 25th April brought hundreds to hear from leaders in the altcoin industry.

Is it still possible to make millions from bitcoin, or has that boat sailed?

Unsavory attempts at BTC conversion and acquisition seem to be the never-ending norm. In the last couple of years converting between fiat and BTC has been a losing uphill battle due to: Shady exchanges, Extreme US bitcoin regulation, Hardcore FinCEN compliance crackdowns, Fiat payment processors, such as PayPal joyfully freezing and seizing accounts at just […]

The post VirWoX Review: Bitcoin Scam Or Legit? appeared first on CryptoCoinsNews.

This week we wrote about how there's a huge fortune to be made if you can solve the problem of cheap payments. We listed payments as one of 10 big problems that are crying out for a solution (others include cheap battery storage, water desalination, and a pill that makes you lose weight).

One company that's trying to revolutionize the payments game is Ripple, which is essentially a hybrid of PayPal and Bitcoin.

On their company blog this week, they posted a fascinating piece titled: 5 Crazy Payment Practices We Accept as Totally Normal.

The post describes all the things we do in the financial system which really should be ancient history. Included in the post was this image, which has been floating around for awhile, but which is funny and true. It shows when banks are open vs. when you have time to go to the bank.

Maybe it's a slight exaggeration, and maybe you don't have to go to the bank that much anymore. But tons of people still go to banks every day, and find it to be a pain in the ass to schedule those trips.

Also tons of people are still using checks for things. And as Ripple notes in their post, there are still a ridiculous amount of paper receipts floating around too. 

Bottom line is that the payment and banking system remains ridiculously antiquated, and a fortune can obviously still be made by bringing it up to speed.

SEE ALSO: Want to become a billionaire? Just solve one of these 10 problems

Join the conversation about this story »

This week we wrote about how there's a huge fortune to be made if you can solve the problem of cheap payments. We listed payments as one of 10 big problems that are crying out for a solution (others include cheap battery storage, water desalination, and a pill that makes you lose weight).

One company that's trying to revolutionize the payments game is Ripple, which is essentially a hybrid of PayPal and Bitcoin.

On their company blog this week, they posted a fascinating piece titled: 5 Crazy Payment Practices We Accept as Totally Normal.

The post describes all the things we do in the financial system which really should be ancient history. Included in the post was this image, which has been floating around for awhile, but which is funny and true. It shows when banks are open vs. when you have time to go to the bank.

Maybe it's a slight exaggeration, and maybe you don't have to go to the bank that much anymore. But tons of people still go to banks every day, and find it to be a pain in the ass to schedule those trips.

Also tons of people are still using checks for things. And as Ripple notes in their post, there are still a ridiculous amount of paper receipts floating around too. 

Bottom line is that the payment and banking system remains ridiculously antiquated, and a fortune can obviously still be made by bringing it up to speed.

SEE ALSO: Want to become a billionaire? Just solve one of these 10 problems

Join the conversation about this story »

People in high-inflation countries with sufficient Internet access are increasingly seeking refuge in bitcoin.

As ASIC chip scrypt miners debut, we thought, 'Why not mine some altcoins?'

As ASIC chip scrypt miners debut, we thought, 'Why not mine some altcoins?'

Le 13 février 2014, Defcon, administrateur de Silk Road 2.0, annonçait sur le forum du “bazar” du Deep Web que l’organisation mettait en place un plan de remboursement pour les utilisateurs ayant été affectés par l’attaque du début du mois de février résultant dans le vol de 4400 BTC. Le plan de remboursement a permis, […]

The post Silk Road 2.0 a déjà remboursé la moitié des utilisateurs affectés par le hack de février 2014 appeared first on CryptoCoinsNews.

Bitcoin is preparing to launch satellites into space as a means of ‘Global’ backup to the blockchain. Matthew Sparkes, writing in The Daily Telegraph, a UK national newspaper, writes that, Bitcoin’s blockchain is to be sent into space in order to reduce coin volatility and ensure safety from major cyber attacks. The blockchain is a […]

The post Bitcoin goes into Space: Literally! appeared first on CryptoCoinsNews.

eff Garzik, Programmierer des Bitcoin- Codes, will einen Satelliten im Erdorbit stationieren, um das digitale Währungssystem besser vor Netzwerk-Ausfällen zu schützen. Die Pläne, die vergangenes Jahr in die Öffentlichkeit gelangt sind werden nun konkreter. Um einem möglichen Ausfall vorzubeugen, soll zukünftig ein Satellit die Datenübertragung sichern, indem er im Notfall die Blockchain an Bitcoin- User überträgt. […]

The post Bitcoin – Satellit soll vor Netzwerkausfällen schützen! appeared first on CryptoCoinsNews.

Computer security is becoming a staple of headlines around the world. Snowden’s disclosures have dramatically increased the public’s awareness of such issues. The damage from such sprawling breaches as Heartbleed will likely take years to repair. The subject is naturally of particular interest to Bitcoiners, whose fortunes are only as secure as their devices. Bitcoin […]

The post Bitcoin Mining Malware Encountered Across Several SingleHop Servers appeared first on CryptoCoinsNews.

People usually immigrate to a new country for a variety of sociopolitical reasons, most of which can be summed in the big, capital letter kind of ideas: Freedom. Opportunity. Wealth. Prosperity. To that list I would like Bitcoin and Litecoin. Yes, people are crossing borders for these cryptocurrencies, but it’s not for the reasons you might expect (no one is skipping town after running an exchange scam). Let me explain. As the head of operations at mining manufacturer LSM Labs, I am used to seeing orders for our Bitcoin and Litecoin miners come from all over the world. In fact – just to give you an idea of our global scale – our website can be translated directly into Mandarin […]

The post Crossing Borders for Bitcoin appeared first on Bitcoin Magazine.

People usually immigrate to a new country for a variety of sociopolitical reasons, most of which can be summed in the big, capital letter kind of ideas: Freedom. Opportunity. Wealth. Prosperity. To that list I would like Bitcoin and Litecoin. Yes, people are crossing borders for these cryptocurrencies, but it’s not for the reasons you might expect (no one is skipping town after running an exchange scam). Let me explain. As the head of operations at mining manufacturer LSM Labs, I am used to seeing orders for our Bitcoin and Litecoin miners come from all over the world. In fact – just to give you an idea of our global scale – our website can be translated directly into Mandarin […]

The post Crossing Borders for Bitcoin appeared first on Bitcoin Magazine.

This interview first appeared at Bitcoin Not Bombs. Michael Malice’s book Dear Reader: The Unauthorized Autobiography of Kim Jong Il is a darkly humorous peek into the mind of one of the most brutal dictators in recent history. Weaving North Korean propaganda into a new literary genre–the unauthorized autobiography–Malice has created a work that forces you to laugh when you shouldn’t and climaxes numerous times with fantastical stories of Jong Il’s heroism alongside his murderous sociopathy. The phrase “laughing to keep from crying” rings ominously true while reading it. Malice, also a celebrity ghostwriter of seven books, sat down with me to discuss his research, propaganda, black markets, and Bitcoin. You can purchase Dear Reader at kimjongilbook.com. He even takes […]

The post M.K. Lords interviews Michael Malice on his new book Dear Reader: The Unauthorized Autobiography of Kim Jong Il appeared first on Bitcoin Magazine.

The Bitcoin Foundation has extended the voting deadline in the election to fill its two vacant industry seats.