Coin News

It can be intensely refreshing to hear some level-headed analysis from an organization that crippled the early launch campaign for its new console through poor communication. Phil Spencer, Microsoft's new head of Xbox One, has over the last few months been working overtime to repair the damage done to his brand last year. Unlike the corporate speak that dominated Microsoft's press relations before, he's done a decent job of talking clearly and simply to his intended audience. Here he is talking to Polygon about why he thinks that by allowing consumers to buy the Xbox One without Kinect, there will ultimately be more Kinects on the market.

FOR IMMEDIATE RELEASE June 16, 2014 Contact: John Bush 512-773-6102 [email protected] Family of Four Embarks on Four Week Automobile Trip Spending Bitcoin Only A family of four will spend only bitcoin while they travel the country for four weeks. The stars of the Sovereign Living (www.sovereignliving.tv) reality show start their journey of 4,400 miles today. The Blush family, comprised of John Bush, Catherine Bleish and their two children, will make the cross-country trip aboard their minivan, hosting five screenings of their reality show at stops along the way. The Bitcoin-only trip begins in San Marcos, Texas. The first major stop is in Washington, D.C. for the Bitcoin in the Beltway Conference hosted by Jason King of Sean’s Outpost, a homeless […]

The post Uncoinventional Living Tour 2014 Press Release appeared first on Bitcoin Magazine.

At least three Bitcoin wallet apps are now operating out of Apple's iOS app store, apparently confirming that recent changes to the tech giant's user agreement signaled it was ready to re-open the door for the cryptocurrency.

Earlier this year, the firm removed all remaining Bitcoin wallet apps from the iOS app store. Though it never stated why, analysts speculated it was due to continuing regulatory uncertainty. Given the penalties authorities were tolling against Bitcoin processors at the time, the risk was too great that Apple itself could get touched.  

Last night, Coindesk's Jon Southurst reported a firm called Coin Pocket had successfully uploaded a basic wallet app. Then this morning, word got around that another firm, Bread Wallet, was offering a similar product. And TechNode reports a Hong Kong-based firm has uploaded its own wallet app.

Mike Enriquez, the developer behind Coin Pocket, told BI in an email he'd been expecting to get rejected outright, so was thrilled to learn his app had gone into review instead.

"I uploaded on June 3 and it went into review on June 9," he said. "From previous apps I have submitted to Apple, this step usually takes a few hours before getting into the store. This time it took a few days as it got accepted the night of June 13."

We reported last week on how the Bitcoin community was doing just fine without Apple, having experienced no such problems on Google's Android. One of the world's largest Bitcoin companies, Blockchain, was about to launch its latest Android wallet next month.

Now it seems whatever danger Apple may have sensed has passed.  

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Crypto-entrepreneurs are making waves in heavily-regulated territory, just like in the early days of petroleum, argues economist Turr Demeester.

CEX.IO has issued a statement addressing the mining pool's growing size and influence over bitcoin's core infrastructure.

In response to community concerns, Ghash.io has posted to Cex.io’s blog regarding the threat of a 51% attack presented by Ghash.io’s rapid growth, as promised by Jeffrey Smith. In their blogpost, Ghash.io restated their “intention to help protect and grow the broad acceptance of Bitcoin and categorically in no way harm or damage it.” In the same […]

The post Bitcoin Mining Pool Ghash.io Is Open For Discussion…But Still Unapologetic appeared first on CryptoCoinsNews.

 The bitcoin community was rattled recently when it became known that GHash, a mining pool, had crossed the 51 percent mark, indicating that it was powering more than half of the computing heft that undergirds the cryptocurrency’s foundation. At issue is the general consensus that any party that controls 51 percent or more of that computational power can do unkind things with bitcoin at… Read More

 For a long time, there’s been a philosophical split in the Bitcoin community about how to store crypto-currency on behalf of users. Do you do it on the web, with something that resembles an e-mail or Paypal-like interface? Or should consumers held more responsible for storing their own Bitcoin offline? Do you make them handle their own public and private keys? Or do you take that… Read More

BitGo, the leading Bitcoin security platform, has today announced that it has successfully raised $12 Million in Series A funding  from a consortium, led by Redpoint Ventures, a Silicon Valley venture capital provider. Previous investors Bridgescale Partners, Jeff Skoll, Bill Lee, and Eric Hahn participated in the round. New investors include Radar Partners, Founders Fund, […]

The post BitGo, the leading Bitcoin security platform, announces raising $12 Million appeared first on CryptoCoinsNews.

Digital River is now allowing its merchants to accept bitcoin through its SWREG solution.

Bitcoin security platform BitGo has secured funding from several venture capitalists and bitcoin investors, alongside Hollywood A-lister Ashton Kutcher.

The socially-focused bitcoin startup aims to "cut through" the inefficiencies in international remittances and underdeveloped banking systems.

A single Bitcoin mining pool has seized control of 51% of the total network hashrate -- and opened the door to a massive security breach in the process. In response, DDOS attacks have flooded in to keep the organization from exploiting a well-known security loophole

MultiMiner is the top GUI for mining software. It runs on a base of BFGMiner and has been expanding to run a myriad of types of back end miners as those required for Scrypt-N, X11, X13 as well as others. With an easy to use interface and options to tweak all of your mining hardware, […]

The post The Man Behind the Bitcoin (& more) Mining service MultiMiner – Interview With Nate Woolls appeared first on CryptoCoinsNews.

A new service aims to provide a 5% guaranteed interest rate on bitcoin deposits.

The Holiday Inn Express in Brooklyn will start accepting the digital currency in a pilot programme later this week.

Recently a friend of mine, I still have one left, entered her local bank carrying a bag of coins. She approached the counter, envisioning a simple transaction; she informed the teller that it was her intention to lodge this money to her account. The teller declined the simple request by informing her that “We have […]

The post Bitcoin: The future of Banking appeared first on CryptoCoinsNews.

 Apple’s Bitcoin freeze appears to be thawing fast, with bitcoin wallet apps that offer the ability to transfer BTC now filtering back into the App Store. The move was picked up by Coindesk yesterday which noted that the Coin Pocket BTC wallet app was back in the store. The Coin Pocket app allows users to send and receive bitcoin from an iOS device, as well as offering an in-app QR… Read More

For the first time in its history, a single user has begun to provide over half the computational power used to mine the digital coins. But with much of Bitcoin's security stemming from its decentralized structure, that could prove a large security risk.

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Barry Silbert, fondateur de SecondMarket Holdings Inc. et du fond Bitcoin Investment Trust, a annoncé la formation d’un syndicat composé des deux structures pour enchérir sur les bitcoins saisis de Silk Road.  arry Silbert a annoncé, dimanche 15 juin sur son compte Twitter, la formation d’un syndicat composé du pupitre de négociation bitcoin de SecondMarket […]

The post Bitcoin Trust Investment et SecondMarket forment un syndicat pour racheter sur les bitcoins de Silk Road mis aux enchères appeared first on CryptoCoinsNews.

I got a Pheeva! And the only prescription is, more Bitcoin. It was just a matter of time until the emergence of some quality bitcoin apps, especially a native app available for the iPhone. I had a chance to talk with Lamar Wilson, CEO of Love Will Inc. about an exciting new bitcoin venture and […]

The post Pheeva Bitcoin Wallet App: Interview with CEO of Love Will Inc. – Lamar Wilson appeared first on CryptoCoinsNews.

Mark Karpeles, the French programmer who was at the helm of Bitcoin megaexchange MtGox at the time of its collapse, has begun Tweeting again. 

His @magicaltux account had been silent since January. A month later, he announced the exchange had lost nearly half a billion dollars' worth of Bitcoins under mysterious circumstances.

Early last month, Karpeles began responding in French to Tweets directed at him concerning an email server, though it was not clear whether Karpeles was referring to a Gox server.

Several weeks later, Karpeles said he would be back to Tweeting more regularly as "things had calmed down," and that he was now at work on reestablishing their hosting service.  

Here are his recent two most recent non-directed Tweets. BusyBox is a programming tool:

What would we do without busybox

— Mark Karpeles (@MagicalTux) June 15, 2014

Very nice sunset on Tokyo today pic.twitter.com/3ygEIVkJwM

— Mark Karpeles (@MagicalTux) June 15, 2014

Had a magnitude 4 earthquake this morning. Earthquake early warning system worked for once.

— Mark Karpeles (@MagicalTux) June 15, 2014

Customer claims to MtGox's lost funds, which total approximately $453 million, are still being processed by Japanese regulators, though a group of investors is now seeking to take over the mothballed exchange's assets.

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 In January, there was worry in the bitcoin community regarding GHash, a mining pool. It controlled a rising share of the total bitcoin computational power used to mine the cryptocurrency — it’s share was creeping towards the 50% mark. Here’s a sample of what was written in January, when GHash was at a still-distant 42%: “[That percentage puts] uncomfortably close to… Read More

DigitalBTC says stock market listing will make it 'the most transparent bitcoin company around' and attract new investors.