Coin News

The entire tropical resort island of Bali will become a haven for bitcoin travelers and startups, say project organizers.

After passing litecoin prices last week, darkcoin prices have fallen below $10 amid growing pains with its nascent network.

Silk Road 2.0 now estimates all victims who lost bitcoin in its February hack will be repaid by mid-June.

Wednesday Mt. Gox’s operator announced its intention to sell its rights over its bitcoin trademarks. Meanwhile, CoinLab’s string of complaints against  plan to revive Mt. Gox were shot down by a Dallas bankruptcy court judge Tuesday. olding company Tibanne is looking to sell the rights to its bitcoin trademarks in Japan and the EU, where the trademarks were originally approved, for $1 […]

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The popular wallet has launched the new feature with charitable efforts from Nas, Marc Andreessen and Code.org.

A startup called Pheeva is pushing for broader bitcoin adoption through a new partnership with Gyft.

If each cycle of computing--PC, desktop Internet, mobile--yields 10 times the user base, whatever's next could be not just huge, but actually ubiquitous.

It's that special time of the year. Mary Meeker, the Kleiner Perkins partner and internet analyst perhaps best known now for her annual "State of the Internet" report, released that very slide deck Wednesday. It contains the usual: mobile growth is strong tablets are selling like hotcakes.

It also included a basic--but sort of fascinating--chart.

Each new computing cycle typically generates about 10 times the installed base of the previous cycle. In 1990 that was the PC. Then in 2000 the desktop Internet. Now, the mobile Internet. But as we rocket toward 2020, you can bet the next wave of computing is going to be a tsunami.

And with that, consider: China is rising fast. Not only are 80 percent of Chinese Internet users on mobile, but also more of the top internet properties are based outside of the United States.

Any predictions?

Here are some other points from Meeker's trends report that stood out:

• Health care is increasingly costly for businesses, which spent $620 billion on employee health care. Costs are up 28 percent from five years ago.
• Money is being reimagined. We knew this, but the numbers are significant: About 5 million Bitcoin wallets exist, up eight times year-over-year.
• Messaging and communication is shifting back from social graph to phone book. Look to WhatsApp, Tencent's WeChat, and Snapchat growth for evidence.
• Mobile growth is very strong. Tablets are selling like hotcakes.
• Cybersecurity threats are on the rise, with more than 95 percent of networks having been compromised in some way. And direct attacks are expected to rise as mobile platforms grow.

Here's the full report. Click through and let us know what you think are the most important takeaways--and what's missing.

Tibanne, the owner of Mt. Gox, is looking to sell its bitcoin trademark despite questions about the trademark's validity.

Earlier today, we published Kleiner Perkins Partner Mary Meeker's presentation on the state of the web.

Within her deck, she highlighted seven industries that the Internet is causing to be reimagined.

We highlight them below, using one of her slides to portray her arguments for each.

1)  Day-to-day activities: Everyone is migrating into apps that are changing how we listen to music, shop for groceries, meet people, and order local services. 

2)  Data: The mountains of data now available will allow previously uncrackable problems to be solved — but it will obliterate old norms about privacy.

3)  'Industry Verticals': Sectors like home decorating could collapse into a single company like Houzz. 

4)  Money: Bitcoin's growth is real and accelerating

5)  Distribution channels and content: One in five readers of any online article click through to it on Facebook.

6)  Apps: 'Idle browsing' is getting replaced by apps with specific functions. 

7)  Messaging and communications: More frequent communications on things like Whatsapp may be more valuable than 'broadcasts' on things like Facebook 

SEE ALSO: Mary Meeker's epic presentation on the state of the web

Join the conversation about this story »

Despite uncertainty lingering in China, the local ecosystem recently celebrated the arrival of the first Robocoin ATM.

Recently I had the opportunity to speak with Guy Corem of Spondoolies-Tech, and we spoke about Spondoolies-Tech, the team, miners, Bitcoin and where it is going in the future along with the future of mining. Now I am reviewing the Spondoolies-Tech SP10 Dawson. Specifications: -Effective Hash Rate 1.4TH/s ± 10% -ASIC Total 192 Spondoolies-Tech Hammer […]

The post Spondoolies-Tech SP10 Dawson, A Masterpiece Bitcoin Miner. appeared first on CryptoCoinsNews.

 Ben Davenport, who co-founded the startup Beluga which Facebook acquired to build its Messenger app, just left the company after several years to dive into the world of Bitcoin. He’s joining BitGo as a co-founder and chief product officer. BitGo is building a security-as-a-service platform for Bitcoin. Last year, the startup launched a multi-signature wallet, which requires three keys… Read More

The latest edition of the influential report could bring more attention and investment to the bitcoin space.

One year ago, the Pembury Tavern became the first London pub to accept bitcoin. CoinDesk revisits Hackney to celebrate.

So far, the crypto-space has had some major home runs, some fizzles, and fair number of outright scams. For folks who’ve been in any successful project for any considerable amount of time, the overall returns have been massive. This is because, once a few issues are ironed out, the crypto-world offers possibilities that are far better than any other fundraising mechanism. That may seem a bold claim, but there are two simple reasons why I believe crypto-fundraising will grow until it dominates the investment landscape over the next decades: (1) More money (2) Faster money Getting more money faster is good for just about everybody. It means less time spent on fundraising and more time spent on building products with […]

The post Why Crypto-investing is Better Than Normal Investing appeared first on Bitcoin Magazine.

The software engineer and bitcoin angel investor is joining BitGo – a provider of multi-signature wallets.

Convinced that a higher minimum wage will hurt businesses and kill jobs? Some figures suggest otherwise.

Equating higher minimum wages to a financial end of times has become a popular thing to do recently. It will crush many businesses that can't afford higher labor costs! There is no reason to pay more for unskilled jobs!

But are these statements really true, or merely claims pumped out by the likes of the Chamber of Commerce, which supports many larger companies whose business models have long depended on keeping wages in many positions depressed?

David Cay Johnston, a long-time investigative reporter who won the Pulitzer Prize for his coverage of tax policy when he worked for the New York Times, has an interesting take. He looked at Washington State, which has the highest minimum wage in the nation. Washington also led the 20 largest states in small business job creation in a year-over-year comparison, according to an analysis from Paycheck IHS.

Johnston attributes the performance to the increased "aggregate demand--the collective capacity to buy goods and services." Because more people have more money, they can spend more. The spending drives the economy and all businesses need additional help, so they create new jobs.

This isn't a new concept. Affluent people may have more money to spend, but there is a limit to how much they can consume. There just aren't enough of them. To make the economy go, there has to be widespread spending. You get more spending when everyone has more to spend.

Johnston used Washington as a single counter to the drone of "higher minimum wages will destroy us all." It certainly disproves the general statement. But there's another interesting pattern in the data that Johnston didn't investigate. I plotted the minimum wages of each of these states against the amount of annual job growth for small companies. I took out Tennessee, because there was no minimum wage, and ran a statistical correlation function in the spreadsheet.

The result was 0.23. There's some weak positive correlation, which means that if there's any trend, it's that higher minimum wage was accompanied by higher annual small business job growth--the opposite of what so many assume. In other words, if your state raises the minimum wage, you'll be more likely to add jobs, not cut them. And that means you'll likely have a growing business, because how many small business owners add staff for any other reason?

The correlation is far from perfect, so there are clearly other factors involved. Raising the minimum wage won't necessarily, of itself, improve the economy, pushing small businesses to add employees. But it isn't going to hurt it.

The reaction of many reminds me of similar responses to changes in the business climate over the decades. When the Clean Air Act was passed, companies want ballistic. It would absolutely kill the economy and destroy American business. Like Sarbanes-Oxley would cripple companies and shred profits. Except here, and in other examples, nothing of the sort happened.

People react to challenges with innovation. They figure out smarter ways of doing business and often become even more profitable than before. So, the next time you hear about a potential minimum wage hike, instead of spending your time lobbying legislators for action that might actually make things worse, look at how you could overcome the challenge and strengthen your business. It's a smarter way to spend time and money.

Uno de los principales problemas a los que se enfrentan los nuevos usuarios que quieren comenzar a usar Bitcoin, es la dificultad que hay en obtener las primeras cantidades para probarlo. El método tradicional de adquirir Bitcoin mediante un exchange suele resultar bastante complicado y confuso la primera vez, cuando tienes que verificar la identidad […]

The post Llega el primer cajero de Bitcoin a Madrid appeared first on CryptoCoinsNews.

Bitcoin payments processor BitPay is now processing an average of $1m worth of bitcoin payments per day.

Long-time Bitcoin skeptic Peter Schiff is embracing the future of cryptocurrency as a valuable form of payment. Late last year Schiff made his skepticism known when comparing the value of bitcoin to gold. He was very outspoken towards this view, but this news makes it seems that his outlook may have changed and is now embracing the importance of bitcoin as a payment method. Euro Pacific Precious Metals is one of the world’s largest gold and silver dealers, for which Schiff is a major investor. The company specializes in making high-quality bullion coins and bars to enhance and expand their customers’ financial profile. Although the company does not operate in the United States, they have built quite the reputation for […]

The post Euro Pacific Precious Metals Embraces Bitcoin appeared first on Bitcoin Magazine.

Many Australians and New Zealanders woke up this morning to find their iOS, or Apple device had a new message: “Device hacked by Oleg Pliss. For unlock device…  upon pressing the OK button, they receive a further message demanding a ransom of between $50 and $100 to unlock the device. There are no reports, currently […]

The post “Oleg Pliss” Virus: Ransomware without added Bitcoin appeared first on CryptoCoinsNews.

Wedbush Securities has issued a new report on bitcoin technology, citing its disruptive potential in the long term.

When the man known as "The Bitcoin Jesus" got hacked last week, he didn't go to the police for restitution. He didn't have to. He could just tap the power of bitcoin.

The bitcoin price recently surged above $590, representing a 64% gain from 10th April. But why?

This article first appeared at Bitcoin Not Bombs. When I went to the Texas Bitcoin Conference a couple months ago, I met Lafe Taylor and Lamar Wilson of Love Will LLC. I learned that they had designed a hot wallet that iPhone users could access by joining a co-op. By getting an enterprise license and setting up the C.O.G. Cooperative, they were able to create a wallet that followed Apple’s guidelines. The Pheeva wallet is very user friendly and they have recently partnered with Gyft to allow users to buy Gyft cards directly from the app. Based in Lexington, KY, Lafe and Lamar focus on empowering local communities with bitcoin and blockchain technology. They educate younger generations by teaching them […]

The post Lamar Wilson and Lafe Taylor talk PheevaWallet, Potluck Capitalism, and Building Community with Bitcoin appeared first on Bitcoin Magazine.

Imagine, for a moment, you were a new member of China’s growing middle class, and looking to invest your savings. You’ll soon discover that without political connections, your investment opportunities are limited to a filtered selection of domestic companies; lucrative companies are listed elsewhere, and only available to foreigners, state officials, and their friends. If that’s the case, Cryptor Trust might be just the opportunity for you. Cryptor Trust is not the first investment vehicle in the Bitcoin space. The Winklevoss have discussed plans to involve mainstream investors for some time, and various firms have already invested well-over $100 million. Many firms have backed investment vehicles such as Pantera, which invested in Bitstamp, among others. Financial instruments like Bitcoin Investment […]

The post Investment without Banking appeared first on Bitcoin Magazine.

Unfortunately, those of a criminal nature (usually theft) often do not care who their targets (victims) are, whether they be little old grannies, or your local Bitcoin self made millionaire. Roger Ver (“Bitcoin Jesus”) recently became the target of a hacker, and not of the nice variety of hackers out there. He quickly posted a reward for the apprehension of the hacker who was trying to access his emails, accounts and personal information. As a very successful bitcoin entrepreneur from pretty much what is currently referred to as ‘the early days’, it can be seen that Roger Ver is a likely target for such behaviour. However, through his quick independent actions of offering an award, he has since stated via […]

The post Security – Never Forget appeared first on Bitcoin Magazine.

So far in 2014, the biggest news in popular economics has been Thomas Piketty and his book Capital in the Twenty-First Century. It has struck a nerve with a worldwide populous that is still reeling in the wake of the 2008 financial crisis, with some estimates putting sales of the book at over 200,000 in just a few months. This is remarkable for a 600+ page tome on economics, a subject which the general public usually regards with disdain. Harvard University Press, Capital’s publisher and a company that considers a book with 60,000 sales in a year a blockbuster, has been flooded with orders. In a world searching for answers to economic turmoil, Piketty’s insightful publication has been welcomed with […]

The post Bitcoin in the Twenty-First Century: What Piketty can Learn From the Blockchain appeared first on Bitcoin Magazine.

Passion is a trait not difficult to find among bitcoin enthusiasts. In my experience, however, few others come close to the passion and dedication of Will Pangman. His sincerity in wanting to spread the glory of bitcoin is incomparable. Pangman is the Chief Communications Officer at Tapeke, a cryptocurrency personal finance platform; the founder of the Milwaukee Bitcoin Meetup, BitcoinMKE; and an active proponent of bitcoin education initiatives in tandem with the Bitcoin Foundation. Through all three of these roles, he has carved out a niche as a premier bitcoin outreach expert. I chatted recently with Will about bitcoin outreach, education, and communication. Joseph S. Diedrich: How did you get involved in the liberty world? Will Pangman: I was fortunate […]

The post Profiles in Bitcoin Outreach: Will Pangman appeared first on Bitcoin Magazine.

Diamond Circle will put bitcoin and company logos on the helmet of one Isle of Man TT motorcycle racer.

The Bitcoin price, which saw a 32% increase in value from May 20th to May 26, has slowed to a halt. On May 20th one Bitcoin was worth $444, and on May 26th one was worth $587. This volatility has not been uncommon in Bitcoin’s history; Bitcoin has seen numerous rises and falls in value. […]

The post Bitcoin Price Increase Slows to a Halt appeared first on CryptoCoinsNews.

2014 May 26th — The BFGMiner development team today announced the immediate availability of BFGMiner 4.0, the latest major release of the world’s leading cryptocurrency mining software. Designed to support today’s diversity of miners, BFGMiner 4 delivers a flexible foundation needed for mining at home or as a business. Available for over two years, since the advent of consumer-friendly FPGA miners, BFGMiner has earned a reputation for performance and reliability. Today, miners all over the world rely on BFGMiner for their mission-critical mining rigs. With the new 4.0 release, BFGMiner gains automatic hotplugging support, proxy support for GBT and scrypt pools, a common/shared interface for all devices, as well as support for some of the newest ASIC mining hardware: Butterfly […]

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