Coin News

Direct deposit, stock options and the traditional paycheck are all outmoded: the future of employee wages, apparently, is Bitcoin. At least that's how Bitwage, a virtual currency payroll firm, feels about it. Bitwage reached out to 150...

(NEW YORK) — Weddings are expensive, even if you’re not the one walking down the aisle. MoreSEC Warns Investors on BitcoinThe Real Problem With Women as the Family Breadwinner Michael Jordan Admits Racism: 'I Was Against All White People' NBC NewsA Country Is On The Brink Of Genocide And Very Few Know About It Huffington…

The warning reflects regulatory agencies' growing concern about the dangers of the new and virtually unregulated market

A new survey sought to assess digital currency sentiment in Wall Street, Silicon Valley and the wider bitcoin community.

La protección de nuestra cartera de Bitcoin es uno de los puntos más delicados que hace frente cualquier usuario de esta moneda. Es imposible estar completamente protegido ante ataques desde el exterior, ya sea mediante virus, capturadores de teclado, troyanos o incluso acceso físico a nuestro ordenador. Para minimizar esta situación han surgido las carteras […]

The post Tres carteras físicas (o hardwallets) para proteger tus bitcoins appeared first on CryptoCoinsNews.

Bitcoin exchange OKCoin has announced the suspension of its P2P margin trading services as part of a site upgrade.

 The U.S. Securities and Exchange Commission (SEC) doesn't appear to be bitcoin's biggest fan. Today, the government agency published a long list of potential risks that bitcoin presents, and it's quite the document. After saying that bitcoin is "used like money," the SEC goes on to point out that the IRS "recently issued guidance stating that it will treat virtual currencies, such as bitcoin,… Read More

The US Securities and Exchange Commission (SEC) has issued new guidance related to digital currency investments.

Money 2020 is one of the largest payments conferences in the world.  On November 2nd through November 6th, thousands of experts in the finance industry will descend on the Aria resort in Las Vegas for five days of networking and events.  Every year since Money 2020′s inception in 2012, the event has grown by strides. […]

The post (Bit)coin World At Money 2020 Will Bring Bitcoiners To Las Vegas appeared first on CryptoCoinsNews.

Lawyers, Lobbyists and Legislators. Any major invention, from electricity, to genetic engineering, is inevitably followed by lawyers, lobbyists and legislators or as I like to call them, the 3Ls . The 3Ls react to, prevent, alter or shape the invention in an effort to serve what they perceive as the interests of society.

SecondMarket, the company that plans to launch the first Bitcoin exchange network in the U.S., has polled 1,000 individuals VCs, Wall Streeters and Bitcoin enthusiasts about the state of the currency.

The main finding: Of those who've previously purchased Bitcoin, 84% said they plan to buy more.

Check out the full results in this nifty infographic:

Join the conversation about this story »

There's a ton of new investment going into changing the way we do payments.

We need it.

Most of our transactions rely on eons-old technology. Even newer innovations are starting to show their age, whether in the form of millions of people getting their credit card numbers stolen, or in the fight over how much a credit card company can charge a retailer to sign up for its network. 

It ends up costing the economy billions in lost productivity.

At the forefront of the movement to up-end payments is Bitcoin, which has subtly begun morphing from an alternative currency aimed at taking down the dollar into a technology capable of addressing lots of payment problems in one go.

But there are lots of other guys and gals in the space. Below is a list of 10 things about payments they've already begun targeting, or, we would kindly suggest, they redouble their efforts on.

1)  Signatures on receipts

No. 1 with a bullet. There is no justifiable reason for either buyer or seller to have to deal with this. The ostensible purpose is to indemnify a retailer in case of fraud. But someone has got to come up with a way to enable verification that doesn't involve scribbling on a small piece of paper.

Progress: Beginning late next year credit card companies will introduce technology that will someday allow us to enter a PIN instead.  

2)  Paper receipts in general

A few places these days ask if you want your receipt emailed, but this is a rarity. There has to be a more efficient, automated way to keep track of all your transactions without stuffing small small scraps in your pocket.  

Progress: Jack Dorsey wants to turn receipts into a "full-blown application."

3)  $10 minimum credit card usage

You're working late. You're out of cash. All you need is a Coke. You run downstairs to your bodega. You go to pay for the can with your credit card and the guy hits you with a minimum. Project doomed; resentment solidified. 

The reason for these minimums is swipe fees, which make the cost of processing small transactions exorbitant for your average retailer and one of the Bitcoin would help alleviate.

Progress: Wal-Mart is now suing Visa for $5 billion over swipe fees.

4)  Cashing checks

Yes, banking apps can now scan checks. But not all do. It would be better if we could simply get rid of checks in general, which are essentially a centuries-old technology.   

Progress: YapStone is slowly but surely working its way through Manhattan to offer check-free rent payments.

5)  Checks in general

Studies have shown checks impose enormous burdens on retailers. One study has put the all-in cost of a typical grocery store check payment  at $1.21 versus $0.78 for a debit card.

Progress: Venmo has obviated the need for you to write large checks to your friends for money they owe you.

6)  Hackable retailers storing your credit card info

It cost the CEO of Target his job, but we should really be blaming the plastic game in general.

Progress: Blockchain cryptography could help alleviate this problem through the use of two-key encryption. As Ripple manager Alec Liu explained to us in an email, "If you are making a payment, you would personally access your private key, but the merchant never does—so it takes the merchant out of the equation as a potential vulnerability."

7)  The card part of credit cards

The physical aspect, at least. You shouldn't have to face a temporary financial crisis if you leave your credit card on the Champ De Mars. 

Progress: Mobile wallets, although no one has quite cracked the code to get them to expand en masse. 

8)  Having to re-enter your credit card every time you go to a new shopping site

I used to play a game as a kid where I would try to remember the longest string of numbers possible. I think I got up to about 80 — impressive maybe, but I know I am dwarfed by the capabilities of others. 

Now I can't even get to 16.

Progress: Chrome, the world's most popular browser, does have an autofill feature, but it doesn't work on all web pages. It's not clear whether FireFox, the world's second most popular browser, has a similar feature. 

9)  Keep tracking of business expenses

One final example of the paper mess. Some offices still make you physically staple your receipts to a sheet of paper to turn in. This is like the AOL of filing. 

Progress: Expensify

10)  ACH

98% of all electronic payment transactions in the U.S. currently go through  a 40-year-old network that began life in the Air Force. It's called ACH. It processes an average of 60 million individual transactions a day. It takes 24 hours, at best, for the transaction to clear both parties' banks. Even the Fed has called out ACH for being a dinosaur. The goal is "real-time" payments that happen soon after you push go on the transaction. 

Progress: Ripple, which uses a technology called "consensus" to process transactions instantly.

Join the conversation about this story »

There's a ton of new investment going into changing the way we do payments.

We need it.

Most of our transactions rely on eons-old technology. Even newer innovations are starting to show their age, whether in the form of millions of people getting their credit card numbers stolen, or in the fight over how much a credit card company can charge a retailer to sign up for its network. 

It ends up costing the economy billions in lost productivity.

At the forefront of the movement to up-end payments is Bitcoin, which has subtly begun morphing from an alternative currency aimed at taking down the dollar into a technology capable of addressing lots of payment problems in one go.

But there are lots of other guys and gals in the space. Below is a list of 10 things about payments they've already begun targeting, or, we would kindly suggest, they redouble their efforts on.

1)  Signatures on receipts

No. 1 with a bullet. There is no justifiable reason for either buyer or seller to have to deal with this. The ostensible purpose is to indemnify a retailer in case of fraud. But someone has got to come up with a way to enable verification that doesn't involve scribbling on a small piece of paper.

Progress: Beginning late next year credit card companies will introduce technology that will someday allow us to enter a PIN instead.  

2)  Paper receipts in general

A few places these days ask if you want your receipt emailed, but this is a rarity. There has to be a more efficient, automated way to keep track of all your transactions without stuffing small small scraps in your pocket.  

Progress: Jack Dorsey wants to turn receipts into a "full-blown application."

3)  $10 minimum credit card usage

You're working late. You're out of cash. All you need is a Coke. You run downstairs to your bodega. You go to pay for the can with your credit card and the guy hits you with a minimum. Project doomed; resentment solidified. 

The reason for these minimums is swipe fees, which make the cost of processing small transactions exorbitant for your average retailer and one of the Bitcoin would help alleviate.

Progress: Wal-Mart is now suing Visa for $5 billion over swipe fees.

4)  Cashing checks

Yes, banking apps can now scan checks. But not all do. It would be better if we could simply get rid of checks in general, which are essentially a centuries-old technology.   

Progress: YapStone is slowly but surely working its way through Manhattan to offer check-free rent payments.

5)  Checks in general

Studies have shown checks impose enormous burdens on retailers. One study has put the all-in cost of a typical grocery store check payment  at $1.21 versus $0.78 for a debit card.

Progress: Venmo has obviated the need for you to write large checks to your friends for money they owe you.

6)  Hackable retailers storing your credit card info

It cost the CEO of Target his job, but we should really be blaming the plastic game in general.

Progress: Blockchain cryptography could help alleviate this problem through the use of two-key encryption. As Ripple manager Alec Liu explained to us in an email, "If you are making a payment, you would personally access your private key, but the merchant never does—so it takes the merchant out of the equation as a potential vulnerability."

7)  The card part of credit cards

The physical aspect, at least. You shouldn't have to face a temporary financial crisis if you leave your credit card on the Champ De Mars. 

Progress: Mobile wallets, although no one has quite cracked the code to get them to expand en masse. 

8)  Having to re-enter your credit card every time you go to a new shopping site

I used to play a game as a kid where I would try to remember the longest string of numbers possible. I think I got up to about 80 — impressive maybe, but I know I am dwarfed by the capabilities of others. 

Now I can't even get to 16.

Progress: Chrome, the world's most popular browser, does have an autofill feature, but it doesn't work on all web pages. It's not clear whether FireFox, the world's second most popular browser, has a similar feature. 

9)  Keep tracking of business expenses

One final example of the paper mess. Some offices still make you physically staple your receipts to a sheet of paper to turn in. This is like the AOL of filing. 

Progress: Expensify

10)  ACH

98% of all electronic payment transactions in the U.S. currently go through  a 40-year-old network that began life in the Air Force. It's called ACH. It processes an average of 60 million individual transactions a day. It takes 24 hours, at best, for the transaction to clear both parties' banks. Even the Fed has called out ACH for being a dinosaur. The goal is "real-time" payments that happen soon after you push go on the transaction. 

Progress: Ripple, which uses a technology called "consensus" to process transactions instantly.

Join the conversation about this story »

Car Free Day Vancouver is taking place in mid-June on Main Street. The event occurs on Father’s Day each year (June 15), and is entirely volunteer organized and for years has been promoting car free transportation in Vancouver. The event has a history of community involvement, moving the city into the future and inspiring others to think beyond car culture, all of which lead up to the 10th anniversary of Car Free Day Vancouver. This monumental event is likely to have over 250,000 in attendance, and will also include a passionate community of Bitcoiners and cryptocurrency enthusiasts. Organizers associated with the Vancouver-based Bitcoin Cooperative (Bitcoin Co-op) are planning on holding a Crypto Block Party along the most trafficked route along […]

The post Bitcoin at Vancouver Car Free Day appeared first on Bitcoin Magazine.

There's a growing number of ways users in different countries can pay their bills, including taxes, with bitcoin.

Although the hunger for quality multicoin wallet solutions is undeniable, finding them is no easy task. Especially considering that some of the very best ones have no commercial backing, and are true open source “labor of love” projects that solely rely on the generosity of the users. CCN gets straight to the heart of the […]

The post Multicoin Wallet Roundup: Multiple Altcoin Wallet Trailblazers appeared first on CryptoCoinsNews.

BitID allows bitcoin wallet owners to identify themselves and access websites using just their wallet address.

My plan Tuesday is to head to Silicon Valley to meet a teen who may be Bitcoin’s youngest miner, to buy lunch with Bitcoin at the only coffee shop that takes it in the area, and to hunt down an elusive Bitcoin ATM.

Bitcoin transaction volume is dropping. Yesterday the transaction volume dropped to the lowest since 2011. Only 69,152 BTC were traded. What does it mean? Looking at the data, taken from Blockchain, we can see a clear decline in Bitcoin volume since November/December of 2013, when the Bitcoin volume was at 345,628 BTC with a peak […]

The post Bitcoin Transaction Volume has Dropped to its Lowest Since 2011 – And it is a Positive Sign appeared first on CryptoCoinsNews.

MasterCard engage des lobbyistes pour se focaliser sur la croissance de “bitcoin et du paiement mobile.” elon une déclaration remplie par Peck, Madigan, Jones & Stewart, Inc., la firme aurait affecté cinq de ses lobbyistes à l’étude et au suivi de “bitcoin et du paiement mobile.” MasterCard aurait commissionné l’entreprise sur l’étude de la crypto-monnaie, en plus d’une […]

The post MasterCard engage des lobbyistes pour se focaliser sur bitcoin appeared first on CryptoCoinsNews.

Investors in the company, which offers financial institutions a way to trade bitcoins, include Tim Draper and Steve Case.

Although there has been a lot of talk about backing Bitcoin payment with gold or other assets in the past, there are now two separate projects attempting to turn this idea into a reality. Plenty of people out there believe that there is no intrinsic value behind bitcoins, which is why they want to see […]

The post Two New Projects Aim to Combine Gold with Bitcoin Payment Technology appeared first on CryptoCoinsNews.

Intrinsic Value Defined: Let’s agree what the term “Intrinsic Value” means. For this article we will use the common Wikipedia entry for the intrinsic theory of value. This is found at: http://en.wikipedia.org/wiki/Intrinsic_theory_of_value An intrinsic theory of value (also called theory of objective value) is any theory of value in economics which holds that the value of an object, good or service, is intrinsic or contained in the item itself. Most such theories look to the process of producing an item, and the costs involved in that process, as a measure of the item’s intrinsic value.   What are some properties contained in the bitcoin itself?  What are the properties that make it valuable?  Some pundits like Warren Buffett seem to remain stuck in the belief that only things you […]

The post You Say Bitcoin Has No Intrinsic Value? Twenty-two Reasons to Think Again. appeared first on Bitcoin Magazine.

Although it seems like eons ago, I remember jumping on twitter and posting several mocking and nutty tweets under #WeAreSatoshi in response to Newsweek’s false claim that they had found Satoshi. Yes, Satoshi is in the shadows, but we are the living and breathing tokens of this brilliant currency. We as a community still have so many folks to liberate and help cut out systems that are centuries old to usher in a currency that is for the global community. I thought I would revisit #WeAreSatoshi and post some eye catching highlights. #WeAreSatoshi campaign via @thebitcoinwife and @bitcoinstarter. Change your Twitter name to WE ARE SATOSHI to show your support #bitcoin — Mrs P TheBitcoinWife (@TheBitcoinWife) March 6, 2014 #WeAreSatoshi […]

The post #WeAreSatoshi (Our Latest Issue) Is Out! / Sebuh’s Crazy Deal appeared first on Bitcoin Magazine.

In a new interview, Huobi co-founder Jun Du talks about the exchange's possible strategies to combat PBOC pressure.