Coin News

Bitcoin exchange Vault of Satoshi has announced the launch of a beta test for a planned cloud mining service.

A new report from Bank of Canada takes a critical view of how bitcoin adoption could affect global commerce.

A new report suggests Japan intends to move broadly to enact a digital currency strategy.

China’s crackdown on bitcoin threatens to undermine the bitcoin economy, a new US government report finds.

This post originally appeared on May 18th, 2013 After the expo-room doors closed for the day and the Bitcoin Conference attendees filed out to their respective destinations last night, Tradehill extended a very generous invitation to important people and press to attend a cocktail party on the patio of the bar at the Hilton Hotel. Tradehill has a talent for throwing parties.  Jered Kenna and his team host regular meetups in San Francisco, where the company is based, that bring out the big Bitcoin thinkers and movers from around the tech-savvy Bay Area and the cocktail party last night had a similar turnout and casual yet sophisticated atmosphere. Cups and Cakes Bakery provided two giant-pink boxes filled with their delightful […]

The post Bitcoin, Liquor and Cupcakes: The Tradehill VIP Party [Time Machine] appeared first on Bitcoin Magazine.

DogeVault has since shut down its service and is investigating the security breach.

This is a guest post by Andrew Criscione who leads the Mises Group in Boston, Ma. He hosted Jeffrey Tucker for a dinner with the Mises Group members and shared the experience. The Boston Austrian Economics Group held the event “Bitcoin and Bowties” featuring Jeffrey Tucker, CEO of Liberty.me and publisher of Laissez Faire Books. Tucker is an influential Austrian economist, author, and former editor for the foremost repository of Austrian thought, Mises.org. Austrian economics is a school that holds much weight in the libertarian and crypto-anarchist circles so intertwined with bitcoin cliques, and like all schools of economics it has recently faced the challenge of consistently incorporating bitcoin into its theory. Jeff talked in-depth about advanced Austrian postulates, and […]

The post Jeffrey Tucker Attacks Pop Austrian Economics at Bitcoin Event appeared first on Bitcoin Magazine.

The bitcoin exchange's CEO tells CoinDesk about the challenges posed by banking and regulation in the US.

  BBC News and Technology, an extremely reliable news site, is reporting that hackers have attacked the Doge Vault, leading to a ‘Temporary Shutdown’. The Doge Vault is a site that many Dogecoin holders choose to hold their Dogecoin crypto currency. Doge Vault has issued a statement seeking to reassure holders, they go on to […]

The post Major Attack Reported on Dogecoin Vault leads to Shutdown appeared first on CryptoCoinsNews.

Bitcoin is more than a currency and more than a protocol. It’s an idea. In order to spread, ideas need a communicator. They need a representative. In short, they need a face. Bitcoin has found that face in Bitcoin Girl, the always-effervescent Naomi Brockwell. Born and raised in Australia, Brockwell leverages her intrigue and charm to craft educational, informative videos about all things crypto-currency. Degrees in acting, classical music, and musical theatre, combined with a lifelong passion for economics, have prepared her to take on the role as an unofficial spokesperson for a revolutionary technology. In addition to Bitcoin Girl, Brockwell is a policy associate at the New York Bitcoin Center, a member of the advisory council of the Mannkal Economic Education Foundation, […]

The post Who Is Bitcoin Girl?: A Conversation with Naomi Brockwell appeared first on Bitcoin Magazine.

The administrators of Doge Vault, a popular online wallet for the Dogecoin cryptocurrency, say the site has been the subject of a massive hack. 

According to TheCryptoCurrencyTimes, the thieves may have stolen at least 111 million Dogecoins, worth approximately $50,000.

Doge prices are down 1% to $0.000454.

The site's been shut down and replaced with the following statement:

On the 11th of May, the Doge Vault online wallet service was compromised by attackers, resulting in a service disruption and tampering with wallet funds. 

As soon as the administrator of Doge Vault was alerted, the service was halted. The attackers had already accessed and destroyed all data on the hosted virtual machines. 

We are currently in the process of identifying the extent of the attack and potential impact on user's funds.

This involves salvaging existing wallet data from an off-site backup. We will also closely be investigating potential attack vectors, and determining the security breach which enabled the attacker's to compromise the service.

Please do not transfer any funds to Doge Vault addresses while our investigation is under way. 

Thank you for your patience - we will issue an additional statement including our findings and plan of action within the next 24-48 hours.

Many in the Dogecoin community prides themselves on their friendliness and relative lack of profit-seeking compared with the wider Bitcoin community. One anonymous Tweeter has been donating huge sums of Dogecoin in San Francisco to bring attention to income disparities there.

So the is likely to shake the community up a bit. 

SEE ALSO: Bitcoin Mining May Be Hitting A Wall

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Atlanta-based Bitcoin payments processor Bitpay has reportedly raised $30 million from a bunch of investors, including Sir Richard Branson. It's the largest funding round a Bitcoin company has ever produced. As of December 2013 Bitpay was used by 15,500 merchants. 

Last year, Branson announced he'd begun accepting Bitcoin for Virgin Galactic. 

In a statement this morning, Branson said the following about his Bitpay stake, the amount of which was not disclosed:

Banking as we know it is in the midst of enormous change and innovation. We have jumped in by investing in alternative payment models and also by accepting bitcoin for tickets on Virgin Galactic, the world’s first commercial spaceline. 

Bitpay has proven itself to process bitcoin safely and reliably, growing the market and increasing adoption, which continues to build trust, legitimacy and momentum in this exciting currency revolution.

It's hard to argue with the premise that traditional banking is in trouble. Digital banking featured as one of Citi's 10 innovations reshaping the planet, and much of the focus in Bitcoin shifts from its speculative value to how its underlying technology can be used.

For further evidence, check out our recent list of 10 companies already upending the payments space »

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The world's latest bitcoin embassy has opened in Europe with the aim of promoting the digital currency.

Użytkownicy jednej z największych na świecie giełd kryptowalutowych cryptsy.com zobaczyli nową wiadomość po zalogowaniu się na swoje konta. Pisaliśmy o tym ponad miesiąc temu. Jest to pierwszy oficjalny komunikat z datą wprowadzenia nowych rynków z USD. Jak wcześniej informowaliśmy Cryptsy pracuje nad wprowadzeniem możliwości zakupu BTC, LTC, FTC oraz DOGE za dolary. Komunikat informuje, że […]

The post Rynki USD na Cryptsy już 13 maja appeared first on CryptoCoinsNews.

Użytkownicy jednej z największych na świecie giełd kryptowalutowych cryptsy.com zobaczyli nową wiadomość po zalogowaniu się na swoje konta. Pisaliśmy o tym ponad miesiąc temu. Jest to pierwszy oficjalny komunikat z datą wprowadzenia nowych rynków z USD. Jak wcześniej informowaliśmy Cryptsy pracuje nad wprowadzeniem możliwości zakupu BTC, LTC, FTC oraz DOGE za dolary. Komunikat informuje, że […]

The post Rynki USD na Cryptsy już 13 maja appeared first on CryptoCoinsNews.

Użytkownicy jednej z największych na świecie giełd kryptowalutowych cryptsy.com zobaczyli nową wiadomość po zalogowaniu się na swoje konta. Pisaliśmy o tym ponad miesiąc temu. Jest to pierwszy oficjalny komunikat z datą wprowadzenia nowych rynków z USD. Jak wcześniej informowaliśmy Cryptsy pracuje nad wprowadzeniem możliwości zakupu BTC, LTC, FTC oraz DOGE za dolary. Komunikat informuje, że […]

The post Rynki USD na Cryptsy już 13 maja appeared first on CryptoCoinsNews.

I managed to catch Bobby Lee, CEO of BTC China, on the phone yesterday to talk about Bitcoin’s situation in China. What is the situation with the PBOC (People’s Bank of China) and Bitcoin in China? The PBOC secretly ordered payment processors and banks to dissociate themselves from Bitcoin exchanges. There was nothing in writing, […]

The post Bobby Lee on Bitcoin in China: Business as usual appeared first on CryptoCoinsNews.

BitPay has raised $30m in new funding from big-name investors including Richard Branson and Index Ventures.

The company's two-day promotion celebrates its new bitcoin payments option and Scotland's first bitcoin ATM.

Last Sunday, May 4th, Josh Wise came in 20th at the Aaron’s 499 race in Talladega. Wise drove the Dogecar, which was sponsored by the NASCAR and Dogecoin reddit communities. The race spanned over 3 hours, 17 minutes, and 16 seconds, with Denny Hamlin taking the trophy. Wise narrowly avoided multiple crashes. Josh’s best position […]

The post Dogecoin Price not Affected by Talladega appeared first on CryptoCoinsNews.

The World Cup is coming up in Brazil this summer, so watch out.

"Bad things tend to happen in World Cup years."

That's the message from Dario Perkins of Lombard Street research. 

He writes:

For many, the soccer World Cup is a time of anxiousness and suffering, followed by chaotic collapse (usually on penalties to Germany). England fans have come to expect this but, as a client recently pointed out, the pain doesn’t always stop there. Markets also suffer around World Cup time. The inaugural competition was in 1930, the first full year of the Great Depression. But look also more recently: 1986 stock market crash, 1990 US recession, 1994 bond market blow up, 1998 Asia/LTCM collapse, 2002 Dotcom bubble, 2006 US housing crash, 2010 global recovery stalls/euro crisis starts. OK, it’s not a perfect fit. The stock-market crash came in 1987 even though the seeds were being sown in 1986, and the 2002 collapse started well before the World Cup kicked off.

He goes on to note some possible sources of blowups this year: Abenomics, China, Ukraine.

Meanwhile, here's the chart showing spikes in volatility in World Cup years.

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Despite their reputation as an investment only for the computer-savvy, Bitcoin and other cryptocurrencies are increasingly entering the mainstream consciousness, even amid government pushback. One Chinese musician has contributed to this process by composing the first ever love-song and music video dedicated to Bitcoin. We Are All Bitcoins hangZhang’s love-song to Bitcoin, “We Are All Bitcoins,” debuted […]

The post Chinese Music Video Declares “We Are All Bitcoins” appeared first on CryptoCoinsNews.

Day 7: The luxurious Bitcoin week ends with a stumble.

Mammoth tusks, fake IDs and a ride to outer space. These are just a few of the outrageous things you can with bitcoins – if you are lucky enough to own some

Bitso's entry point into the Ripple network means it will be able to transfer pesos, US dollars and bitcoin.