CryptoCoins News, 1/1/0001 12:00 AM PST The bitcoin community has been critical for the past two days of the increasing hash rate of the biggest bitcoin mining pool Ghash which states that it is currently able to process 37.92 Ph/s leading to an estimation of 42% – 47% of the total network hashrate. Ghash has not yet responded to requests for […] The post 4 Lines of Defence Against a 51% Attack appeared first on CryptoCoinsNews. |
CryptoCoins News, 1/1/0001 12:00 AM PST A través de la página BitPremier, sitio de compras por bitcoins especializada en artículos de lujo, se ha puesto a la venta una mina de oro situada en la ciudad de Dawson City, Canadá. Con un precio de 3.049,757 bitcoins, el anuncio ofrece la mina de oro con una producción de unos 85-115 kilos de […] The post Se vende mina de oro por Bitcoin. Razón aquí. appeared first on CryptoCoinsNews. |
Business Insider, 1/1/0001 12:00 AM PST This week's payments roundup comes from Payments Insider, the daily briefing delivered first thing every morning exclusively to BI Intelligence members. RUSSIA REPORTEDLY FREES CYBERCRIME CONVICT TO BUILD NATIONAL PAYMENTS NETWORK
Convicted last year of organizing a web attack on Russian airline Aeroflot, Pavel Vrublevsky, the co-founder of major Russian e-payments company ChronoPay, was inexplicably released last week on early parole. Vrublevsky’s release came with “an offer he couldn’t refuse,” writes Murtazin — to help run Russia’s new national payments network, set to roll out on July 1. APPLE WARMS UP TO BITCOIN, ALLOWS FIRST WALLET APP Just days after reports surfaced that Apple had updated its app developer guidelines to allow “approved virtual currencies,” Australia-based Bitcoin wallet CoinJar reappeared on the iOS app store in Australia. Apple had previously rejected apps designed to send or receive payment in Bitcoin, though an official ban was never announced. The new developer guidelines allow apps that “facilitate transmission of approved virtual currencies provided that they do so in compliance with all state and federal laws for the territories in which the app functions.” “This is a sign that the [Bitcoin] ecosystem is maturing and gaining credibility,” Bill Lee, an investor in bitcoin wallet BitGo, told Bloomberg in an e-mail. In addition to CoinJar, several Bitcoin wallet developers were reportedly planning to submit previously rejected wallet apps as soon as this week. FTC WINS COURT ORDER IN PAYDAY LENDING CRACKDOWN A U.S. federal judge last week found payday lender AMG Services liable for engaging in deceptive practices, another blow in a widespread federal crackdown on the payday lending industry, which originates an estimated $27 billion in annual loan volume. The judgement comes in a civil suit filed by the Federal Trade Commission (FTC), one of several suits filed in an FTC “crackdown“ against payday lenders that it accuses of tricking customers into what are effectively triple-digit interest rates. As we’ve reported, the U.S. Department of Justice, a separate federal enforcement arm, is cracking down on banks that allow allegedly deceptive lenders access to borrower bank accounts via the federal ACH electronic money transfer system. NIGERIANS CLAMOR FOR PAYPAL ACCESS A group of Nigerians have issued a plea to PayPal, and it doesn't involve dubious schemes for moving massive sums of money abroad on behalf of a deposed ruler. Nigeria-based responsive web-design shop Creativity Kills has posted a petition on Change.org asking the U.S.-based PayPal to extend operations to Nigeria, one of the few countries it does not currently serve. “Granted, Nigeria is known for internet fraud, but NOT everyone in Nigeria is a fraud,” the petition reads. “This has become a source of frustration for us the Legit people who want to carry out ecommerce online.” The petition had attracted 464 signatures at press time. "We would like to thank the people of Nigeria for their enthusiasm," PayPal wrote in a statement to BI Intelligence. "While we do not comment on future plans, we can confirm that we [are] evaluating ways to improve our product offerings to best serve the needs of merchants and consumers in this market." Click here to subscribe to Payments Insider and receive it in your inbox everyday. RELATED: PayPal Moves Quickly To Integrate Apple's Fingerprint Reader Into Its Apps
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CoinDesk, 1/1/0001 12:00 AM PST More than 30 vendors will be trading their artisan goods for bitcoin at the weekly NYC Bitcoin Fair. |
CoinDesk, 1/1/0001 12:00 AM PST If bitcoin is the Google of digital currencies, then which altcoin would be Apple? |
CoinDesk, 1/1/0001 12:00 AM PST If bitcoin is the Google of digital currencies, then which altcoin would be Apple? |
Business Insider, 1/1/0001 12:00 AM PST Buried inside an inspector general report on wrongdoing at the National Science Foundation is an interesting case of bad behavior: A researcher got caught using government-funded supercomputers to mine for Bitcoin. According to the March IG report, the unnamed researcher used supercomputers at two different universities — although quite surprisingly — mined only a very small amount of around 12-16 bitcoins valued between $8,000 and $10,000. The researcher said he was just conducting tests on the computers, the report said. "The researcher asserted that he was conducting tests on the computers, but neither university had authorized him to conduct such tests," the report reads. "Both university reports noted that the researcher accessed the computer systems remotely and may have taken steps to conceal his activities, including accessing one supercomputer through a mirror site in Europe." In Forbes, where we first learned of the incident, Kashmir Hill notes other cases where researchers used serious computing power to harvest digital currency, including a researcher at Harvard and student at London Imperial College. It's worth noting however that supercomputers no longer come close to the power of computing rigs designed exclusively for bitcoin mining. "Using a Supercomputer to mine for bitcoin is both appalling and shocking to common sense," writes Brian Cohen at Bitcoin Magazine, noting the resource-intensive process would generate more in electricity costs than it would earn in Bitcoin. The NSF suspended the researcher government-wide, and terminated all access to supercomputer resources, according to the report. SEE ALSO: Bitcoin mining may be hitting a wall |
CryptoCoins News, 1/1/0001 12:00 AM PST Bit Premier, The Bitcoin Luxury Marketplace, has a profitable Gold Mine advertised for sale. The Gold mine is situated in Dawson City, Yukon., Canada and the price asked is 3,079.292 BTC. This is the first offering of its kind on the Bitcoin market and is a genuine opportunity for someone. The Mine comes complete with […] The post Profitable Gold Mine for Sale: for Bitcoin appeared first on CryptoCoinsNews. |