Coin News

On 4/20/14, Innosilicon announced sales of their A2 Terminator Scrypt ASIC on Bitcointalk and their website.  Innosilicon is not a newcomer to the ASIC mining realm, by any means.  They have previously completed the design and fabrication, through Global Foundries, of an A1 CoinCraft SHA-256 ASIC chip that was used in many cheap, ready-to-ship miners out […]

The post Innosilicon A2 Terminator Scrypt ASICs Are The First 28nm Chips For Litecoin And Dogecoin Mining appeared first on CryptoCoinsNews.

Menufy - latest food delivery provider to start accepting bitcoin. The site provides online ordering for restaurants across the US. Menufy has integrated with Coinbase. Users can now pay for delivery or takeout orders using Bitcoin. The site boasts close to 400 locations across the US and is constantly adding new locations. Menufy offers an online presence for websites and a platform to increase their takeout and delivery business. For users, Menufy boasts an unparalleled user experience. The team at Menufy ranges from restaurant management to software engineering and interactive marketing. As Menufy is always looking to increase the number of restaurants on offer and geographical reach, interested food service businesses are encouraged to make contact with the team at Menufy. […]

The post Menufy Integrates Bitcoin appeared first on Bitcoin Magazine.

Rise of the Altcoin Wars The Past, Present and Future of Altcoins By Mark Rees The following article illiterates how survival of the fittest and game theory will likely halt bad altcoins from tricking people out of honest money. History: From the “Sacred text of Bitcoin” – Book of Mark, Chapter 1 verse 1 In the beginning,  a block of data called “Genesis” entered a world. At that very moment of singularity,  an alternative universe was born. This silent and strange new universe contained only empty slots for data, organized for information to one day occupy them coming from all points on Earth. Like stars in the night, they would be viewable by all but understood by few. Its creator, […]

The post Rise of the Altcoin Wars appeared first on Bitcoin Magazine.

Rise of the Altcoin Wars The Past, Present and Future of Altcoins By Mark Rees The following article illiterates how survival of the fittest and game theory will likely halt bad altcoins from tricking people out of honest money. History: From the “Sacred text of Bitcoin” – Book of Mark, Chapter 1 verse 1 In the beginning,  a block of data called “Genesis” entered a world. At that very moment of singularity,  an alternative universe was born. This silent and strange new universe contained only empty slots for data, organized for information to one day occupy them coming from all points on Earth. Like stars in the night, they would be viewable by all but understood by few. Its creator, […]

The post Rise of the Altcoin Wars appeared first on Bitcoin Magazine.

There is a new wallet that has surfaced recently that allows users to send Bitcoin and many other digital currencies by using a web address. This new service, bitcoinwallet.com, gives users the ability to personalize their payment address in a manner similar to a Tumblr or hosted web address. The Bitcoin Wallet platform makes sending and receiving payment as easy as exchanging names. For example, if John Smith used this platform, he could share the address “johnsmith.bitcoinwallet.com.” This would allow John to send and receive payments to anyone who uses the service. Bitcoin Wallet was started by Alex Charfen, entrepreneur and CEO of Charfen Institute. Recently, Charfen released an article which showed his staunch support of Bitcoin. By using examples […]

The post How One Company Simplified the Wallet Address appeared first on Bitcoin Magazine.

Marvel Agents of S.H.I.E.L.D. episode #20 aired last night on ABC.  Astute Bitcoiners posted to Reddit shortly after the show to share a small gem: A barely identifiable Bitcoin logo that clearly belongs to the classic “Bitcoin Accepted Here” sticker that many merchants around the world have opted to use.  The sticker shown is located on the […]

The post Bitcoin Intentionally Censored From The Marvel Universe In Agents of SHIELD Episode appeared first on CryptoCoinsNews.

Despite worries about regulation killing bitcoin innovation, America is the place to be for a career in cryptocurrency.

Just stay off the deep web

British retailers are exploring alternative payment options to cash, but bitcoin is not reaping the rewards.

On Monday night, a group of investors announced they'd reached a settlement on behalf of former MtGox executives with the goal of preempting the liquidation of what once the world's largest exchange.

On the surface, attempting to preserve MtGox doesn't make much sense. Its collapse is widely accepted as Bitcoin's largest setback to date, and the exchange would therefore seem to have no brand equity left.

What's more, 553,000 Bitcoins belonging to Gox customers are missing. They're believed to have been stolen. 

But the guys behind a group called Sunlot have some heft. Two are execs at major venture capital firms that combined have invested more than $1.5 billion. Another helped build electronic trading platforms for Goldman Sachs and Morgan Stanley. 

We asked that investor, John Betts, whether there is some kind of underlying asset they are targeting that no one has realized yet. 

In a phone conversation Tuesday, Betts stressed the group's priority is returning funds to customers, and in restoring confidence to the broader Bitcoin ecosystem. Under a liquidation scenario, it's possible customers would face greater difficulty in retrieving the entirety of their missing Bitcoins. And even if some were recovered, Betts said, it's conceivable the alleged thieves could unwittingly end up with a share of them. Sunlot hopes to hire an independent auditor who could resolve these issues, and they're offering an incentive bounty of 10% of recovered assets would reward those participating in the recovery.  

"We will get access to log files, bank records, data, so we can do a full forensic audit, to best explain how this occurred and come up with a strategy for recovering the missing assets."

But Betts admits his group is not acting solely out of altruism. In a follow-up email, he said unaudited reports suggest MtGox the company still has 202,000 Bitcoins to its name. Those have been accounted for but are under the control of MtGox's bankruptcy administrator. At Tuesday's prices, those 202,00 Bitcoins would be worth $88,400,000.

The outcome of Sunlot's entire rescue gambit lies in the hands of the administrator. Betts said Mark Karpeles, Gox's former CEO, reneged on an agreement to sell Sunlot the company directly, and instead began bankruptcy proceedings, making the administrator the defacto overseer of the exchange. 

"Mark decided to, based on bad legal advice,  put his interests ahead of creditors so he wouldn't have to appear in U.S. courts," Betts said.

Karpeles did not respond to an email request for comment.

SEE ALSO: Bitcoin Enthusiast And Filmmaker Has A Theory For Why MtGox Collapsed

Join the conversation about this story »

Bloomberg is providing bitcoin pricing to more than 320,000 subscribers via its Bloomberg Professional service.

A few days ago,  Coindesk reported on the first Bitcoin debit card being made by Bitcoin startup Xapo. In the article, it was rumored Xapo was tied to Mastercard in this venture. Soon after publishing, the article was updated with an official notice from Mastercard stating the credit card company had no ties to Xapo […]

The post MasterCard pays lobbyists to focus on Bitcoin appeared first on CryptoCoinsNews.

Bitcoin's greatest strength is that it does not require government or other third parties to sanction its legitimacy.

The two big pieces of Bitcoin are the currency and the network. The Bitcoin network enables electronic payments, not such a big deal really, there are lots of payment systems. However the Bitcoin network lets you transfer money (bitcoins) in an incredibly efficient manner, and one which is not dependent on any central control or central point of failure.  Each financial transaction is cheap, really really cheap. One logical extension of this efficient, inexpensive financial transaction network is the ability to create extremely small transactions. It is reasonable and feasible to create electronic payments that are worth less than a penny. This is actually a BIG DEAL! It means, for example that a WiFi network could be created that lets […]

The post Bitcoin Micropayments, a New Enabling Technology appeared first on Bitcoin Magazine.

Australia's central bank has spelled out the perceived risks of bitcoin adoption in a document only recently made public.

When it comes to mining, most people tend to focus on the hardware: how fast it is and how long until it becomes obsolete. As mining operations get larger and difficulty increases with ever faster hash rates, the ability to manage your operation becomes a more difficult task. Small adjustments to hardware or the ability to quickly switch pools can make a huge difference in profitability. Enter CoinMyne, the creators of the popular CGRemote and CGWatcher mining monitoring software. CoinMyne is a Los Angeles-based software company founded by CEO Mark Price and COO Scott McCarthy. In January they hired Justin Milone, the original creator of CGRemote and CGWatcher, as their VP of Software Development. Currently CoinMyne software has over 100,000 […]

The post CoinMyne – Rethink the Way You Mine appeared first on Bitcoin Magazine.

Especially if you don’t yet have 99 bitcoins, 99Bitcoins is the site for you.  99Bitcoins was designed with the average Joe Schmoe in mind.  On the website, you won’t find a deep technical explanation of core Bitcoin aspects; instead, you’ll have easy-to-digest tutorials for frequently requested actions.  For instance, 99Bitcoins has a comprehensive guide for buying […]

The post 99Bitcoins: A Bitcoin Newbie Site Designed With You In Mind appeared first on CryptoCoinsNews.

Ever since sites like Silk Road showed the dark side of anonymous Bitcoin transactions, governments have been trying to regulate the crypto-currency. But a group of coders -- headed by 3D-printed gun creator Cody Wilson (above) -- want to keep that...

A few weeks ago, Brian Bencheck asked the Ohio Department of Public Safety for a ruling on whether Ohioans could pay for booze with bitcoin. And late last week, the department, which enforces the state's alcohol laws, gave him its answer: No way.

Government relations firm Peck Madigan Jones now lobbies on bitcoin, but are they pushing for or against the cryptocurrency?

Responding to events in Ukraine and Crimea, the Obama administration has barred certain prominent Russians from entry to the U.S. and sanctioned company and private fortunes. Yesterday, the heads of major Russian oil and energy companies, Rosneft and Gazprom, were both sanctioned. It appears even the rumored private fortune of President Putin may be pursued […]

The post Putin’s Bitcoin Billions: Cryptocurrency Wealth Preservation In Times Of Conflict appeared first on CryptoCoinsNews.

Whenever a cryptocurrency fanatic tries to tell you why cash is one of the worst ways to make payments, many people think it’s his inner-fan boy talking. Why would he even recommend cash or say anything remotely decent about it? Well, the times, they are a-changin’. According to a grand survey, British people are losing […]

The post Positive Bitcoin News: Business Leaders and Customers want a Cashless Society appeared first on CryptoCoinsNews.

Verotel, a payment processing site, now accepts Bitcoin. Verotel is a payment processing platform that accepts most major credit cards and is very popular, especially for subscription payments on adult websites. The company released a blog post today announcing their acceptance of Bitcoin: Membership websites can now accept Bitcoin payments. If you wish to offer […]

The post Verotel Merchants can now Accept Bitcoin appeared first on CryptoCoinsNews.

The popular consumer review site pushes Bitcoin as a viable payment option further into the mainstream

Government regulators around the world have spent the last year scrambling to prevent Bitcoin from becoming the currency of choice for money launderers and black marketeers. Now their worst fears may be about to materialize in a single piece of software. On Thursday, a collective of politically radical coders that calls itself unSystem plans to […]

 YOU get bitcoin! And YOU get bitcoin. In fact, everyone at MIT gets bitcoin. Two ambitious MIT students, CS sophomore Jeremy Rubin and MBA candidate Dan Elitzer, have raised over $500,000 so that all 4,528 undergrads at MIT can have $100 worth of BTC. Why? They want to educate MIT students about cryptocurrencies and get all on-campus merchants bitcoin ready by next year. Read More