Coin News

Decentralized marketplace Open Bazaar's Brian Hoffman discusses the project ahead of a public appearance this weekend.

JUNE 20, 2014 — NEW YORK, NY — Catherine Bleish, well-known blogger at TheBitMom.com and personality across the Bitcoin community, is taking her family of four on an “uncoinventional” journey, using only Bitcoin. Named the Uncoinventional Living Tour, the family has been on the road for nearly one week and has used the digital currency to purchase everything from gas and food, to lodging and other necessities, making it a whole week without spending any fiat currency. They have spent the last week traveling from Dallas, Texas to Washington D.C. to attend Bitcoin in the Beltway. After this weekend the family will be in New York City at the Holiday Inn in Brooklyn, which is the center for the Bitcoin […]

The post Family of Four Travels Across the Country Solely Living Off Bitcoin appeared first on Bitcoin Magazine.

The number of daily Bitcoin transactions has barely budged in the past 12 months.

Here's the chart according to Blockchain. Daily transactions remain stuck in the same 60,000-70,000 range they were at this same time late-spring early-summer time 

Another view showing the 7-day averages:

And one other view, from Coinometrics, showing a table of daily transactions at other payment processor compared with Bitcoin. 

Coinometrics Jonathan Levin told us recently that these may even overcount how many true transactions are occurring, as these may include movements by the same Bitcoin holder between two different wallets, as well as transactions used by exchanges and other large corporations for every day internal settlement and security.

"Bitcoin transactions have to be made to ensure security and privacy - these are not transactional," he said. "A lot of this creates price insensitive demand for transactions as it is not strictly economic activity." 

He said Bitcoin ecosystem remains years away from resolving some important kinks, like how to address mining centralization, and that painting too rosy of the current picture of the current situation is actually counterproductive to attracting the developer talent needed to address the problems it faces. 

"This is really a long game," he said. 

Bitcoin was trading at $590 Friday according to Coindesk. 

SEE ALSO: There's Going To Be A Bitcoin Bowl

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Wikileaks founder Julian Assange and Google chairman and then-CEO Eric Schmidt discussed bitcoin in 2011.

OKCoin, China’s largest Bitcoin exchange and one of the world’s largest digital currency exchange by volume, funding, users, and page views, announced today the launch of a new Margin Trading feature through Peer to Peer (P2P) lending. OKCoin’s users will now be able to borrow and lend bitcoins and fiat as well as invest in two […]

The post OKCoin Launches Margin Trading With P2P Lending and Two Investment Funds appeared first on CryptoCoinsNews.

Bitcoin, the five year old digital currency, is gaining mass traction as bitcoin companies receive hundreds of millions of dollars in investment, but the majority of the American public remains highly uninformed of the benefits and uses of bitcoin and have heard little to nothing about it. In a new survey published today, almost 2,000 […]

The post Survey Says Most Americans Want to Ban Bitcoin: Highlighting Need for Education appeared first on CryptoCoinsNews.

Bitcoins are everywhere these days! CubeSensors, a Slovenian hardware startup that is making mini environmental sensors for homes, has just received a $700,000 seed round from the founders of BTC payments platform, Bitstamp. The cash came in the form of crypto currency. In addition to the funding, the company is also selling their Cubes for bitcoin in addition to fiat currency, which is a… Read More

Decentralization, n. The security assumption that a nineteen year old in Hangzhou and someone who is maybe in the UK and maybe not have not yet decided to collude with each other. There has been a large amount of ruckus in the past week about the issue of mining centralization in the Bitcoin network. We saw a single mining pool, GHash.io, amass over 45% hashpower for many hours, and at one point even grow to become 51% of the entire network. The entire front page of the Bitcoin reddit was ablaze in intense discussion and a rare clash of complacency and fear, miners quickly mobilized to take their hashpower off GHash, and surprisingly clever strategies were used in an attempt […]

The post On Mining appeared first on Bitcoin Magazine.

Decentralization, n. The security assumption that a nineteen year old in Hangzhou and someone who is maybe in the UK and maybe not have not yet decided to collude with each other. There has been a large amount of ruckus in the past week about the issue of mining centralization in the Bitcoin network. We saw a single mining pool, GHash.io, amass over 45% hashpower for many hours, and at one point even grow to become 51% of the entire network. The entire front page of the Bitcoin reddit was ablaze in intense discussion and a rare clash of complacency and fear, miners quickly mobilized to take their hashpower off GHash, and surprisingly clever strategies were used in an attempt […]

The post On Mining appeared first on Bitcoin Magazine.

Most of the times I introduce bitcoins to people who don’t know about it, they invariably reply: “Where could I use them?” I would usually reply  “at any merchant that accepts bitcoins.” But now I’m able to reply “Anywhere”. The next question most people ask is “But where do I get bitcoins in the first place?” I’d usually mention  localbitcoins or Coinbase. But now I’m able to tell them about Brawker. Brawker is proxy buying service that allows you to both buy bitcoins and purchase anything on the internet using bitcoins with a guaranteed discount, just for using bitcoins. Here’s how it works: Buying Bitcoins using Brawker On the Brawker website there’s a list of open orders posted by people willing […]

The post All About Brawker with Cyril Houri appeared first on Bitcoin Magazine.

Latest cash grab It was reported in the Australian news source news.com.au that the Australian government arbitrarily voted itself the rights to close and confiscate bank deposits if left idle for only three years. Some are starting to wonder if this kind of Kelptocracy is just the beginning.  This netted the government $360 million dollars as of this past week and effectively liquidated 80,000 bank accounts. Unsurprisingly, retirees, farmers and others that were holding the bank accounts are outraged.   The Australian government elected to lower the threshold for the law that allowed themselves access to the cash from the previous limit of seven years down to the current limit of only three. The $360 million confiscated amounted to more than […]

The post Bitcoin Protection from Bank Raids and Kleptocracy appeared first on Bitcoin Magazine.

After nearly six months, the time has finally come for Oregon Scientific, the global lifestyle consumer electronics brand, to accept Bitcoin as payment for products on their US online store. The company made its initial announcement in mid-January for its plans to offer bitcoin payment support, and the wait is finally over. The company made the announcement in an official press release last week, stating that “we are not only pioneering on our products, but also on the way we serve our customers.” For consumers looking for lifestyle products, the wait is over. The company is finally prepared to accept the digital currency in exchange for a variety of products. Founded in 1989, Oregon Scientific has since invested heavily on […]

The post Oregon Scientific Officially Launches Bitcoin Support appeared first on Bitcoin Magazine.

Cryptonator is a cryptocurrency exchange rate calculator and conversion tool. It allows for instant conversion of almost every cryptocurrency into another cryptocurrency, US Dollars, Euros and British Pounds. To keep up with the rapid pace of innovation in the space, Cryptonator has come up with a free App for Android smartphones and tablets. The new App currently supports over 300 cryptocurrencies. The list includes renowned digital currencies such Bitcoin (BTC), Litecoin (LTC) and Dogecoin (DOGE) as well as successful newcomers like Darkcoin (DRK), which are listed on existing online exchanges. The App features conversion of all listed cryptocurrencies into other crypto or fiat such as USD, AUR, EUR, HKD and others. The idea is to avoid the inconvenience of having to […]

The post Cryptonator Launches App for Android appeared first on Bitcoin Magazine.

Cryptonator is a cryptocurrency exchange rate calculator and conversion tool. It allows for instant conversion of almost every cryptocurrency into another cryptocurrency, US Dollars, Euros and British Pounds. To keep up with the rapid pace of innovation in the space, Cryptonator has come up with a free App for Android smartphones and tablets. The new App currently supports over 300 cryptocurrencies. The list includes renowned digital currencies such Bitcoin (BTC), Litecoin (LTC) and Dogecoin (DOGE) as well as successful newcomers like Darkcoin (DRK), which are listed on existing online exchanges. The App features conversion of all listed cryptocurrencies into other crypto or fiat such as USD, AUR, EUR, HKD and others. The idea is to avoid the inconvenience of having to […]

The post Cryptonator Launches App for Android appeared first on Bitcoin Magazine.

Cryptonator is a cryptocurrency exchange rate calculator and conversion tool. It allows for instant conversion of almost every cryptocurrency into another cryptocurrency, US Dollars, Euros and British Pounds. To keep up with the rapid pace of innovation in the space, Cryptonator has come up with a free App for Android smartphones and tablets. The new App currently supports over 300 cryptocurrencies. The list includes renowned digital currencies such Bitcoin (BTC), Litecoin (LTC) and Dogecoin (DOGE) as well as successful newcomers like Darkcoin (DRK), which are listed on existing online exchanges. The App features conversion of all listed cryptocurrencies into other crypto or fiat such as USD, AUR, EUR, HKD and others. The idea is to avoid the inconvenience of having to […]

The post Cryptonator Launches App for Android appeared first on Bitcoin Magazine.

Millions around the globe have got World Cup Fever and one organization is bringing a novel idea to spread the word about the advantages of Bitcoin. Aptly named the Bitcoin Cup (or BitCup), the organization is focused on using the global appeal of the digital currency to help local communities and charities, demonstrating the usability and simplicity of the emerging technology. Sponsored by BitPay, the Bitcoin Donation Cup is bringing together some of the most well-known companies in the Bitcoin community and making it possible to utilize bitcoin to support a variety of charitable programs as well as local communities throughout Brazil. The Bitcoin Cup is giving individuals and businesses the opportunity to show their support in a way no […]

The post World Cup 2014: Show Your Support with the Bitcoin Cup appeared first on Bitcoin Magazine.

We need help to grow our community and will pay out Bitcoins through our Bitcoin Lottery. Make points by doing different tasks for CCN and use the points earned to play the Bitcoin Lottery where we draw 5 winners everyday.

The post Win Bitcoins on CCN – Daily Payouts appeared first on CryptoCoinsNews.

The go ahead was received following recent uncertainty about the status of bitcoin ATMs in the country.

Bitkee is a company that offers cold storage solutions for Bitcoin, Litecoin, and Dogecoin. The wallets are generated offline and are packaged in a unique way befor ebeing sent to customers. Bitkee sent me several samples of the products they offer as well as products that they will be adding to their store in the […]

The post Bitcoin Cold Storage: Bitkee Product Review appeared first on CryptoCoinsNews.

Bitkee is a company that offers cold storage solutions for Bitcoin, Litecoin, and Dogecoin. The wallets are generated offline and are packaged in a unique way befor ebeing sent to customers. Bitkee sent me several samples of the products they offer as well as products that they will be adding to their store in the […]

The post Bitcoin Cold Storage: Bitkee Product Review appeared first on CryptoCoinsNews.

Bitkee is a company that offers cold storage solutions for Bitcoin, Litecoin, and Dogecoin. The wallets are generated offline and are packaged in a unique way befor ebeing sent to customers. Bitkee sent me several samples of the products they offer as well as products that they will be adding to their store in the […]

The post Bitcoin Cold Storage: Bitkee Product Review appeared first on CryptoCoinsNews.

Coinbase users can once again use bitcoin on their Apple iOS devices, with the release of a community-developed app.

While mining pools offer better returns for miners, they have caused concerns over their power over the bitcoin network.

Dogecoin is one of the most popular cryptocurrencies according to many metrics. Traders judge cryptocurrencies on many criterion, all of which sites like CoinGecko specialize in tracking. According to CoinGecko, Dogecoin is 2nd only to Bitcoin. It boasts an active community, which has banded together to achieve a number of incredible goals–such as sponsoring NASCAR driver […]

The post Five Reasons Why the Dogecoin Price Should Rebound Soon appeared first on CryptoCoinsNews.

Dogecoin is one of the most popular cryptocurrencies according to many metrics. Traders judge cryptocurrencies on many criterion, all of which sites like CoinGecko specialize in tracking. According to CoinGecko, Dogecoin is 2nd only to Bitcoin. It boasts an active community, which has banded together to achieve a number of incredible goals–such as sponsoring NASCAR driver […]

The post Five Reasons Why the Dogecoin Price Should Rebound Soon appeared first on CryptoCoinsNews.

En una decisión sin precedentes, el Banco Central de Bolivia prohíbe el uso de monedas no respaldadas ni emitidas por ningún gobierno. En la resolución firmada el pasado 6 de mayo y publicada hace unos días, se prohíben expresamente el uso de criptomonedas en transacciones dentro del país latinoamericano. Tal y como se ha hecho […]

The post Bolivia prohíbe Bitcoin appeared first on CryptoCoinsNews.

With all the different digital currencies in the world, there’s a lot of pressure to push the envelope. While Bitcoin is the first digital currency, the market is flooded with new altcoins every day. Because of this, altcoins are expected to make technological advancements to digital currencies that improve the end user experience, or fail […]

The post Vericoin: The Interest-Building Crypto Moving Technology Forward appeared first on CryptoCoinsNews.

With all the different digital currencies in the world, there’s a lot of pressure to push the envelope. While Bitcoin is the first digital currency, the market is flooded with new altcoins every day. Because of this, altcoins are expected to make technological advancements to digital currencies that improve the end user experience, or fail […]

The post Vericoin: The Interest-Building Crypto Moving Technology Forward appeared first on CryptoCoinsNews.

Russian financial authorities will release a paper on digital currencies as they relate to money laundering and terrorist financing.

Bitcoin-focused investment firms Binary Financial, Pantera and SecondMarket discuss their participation in the upcoming auction of 30,000 seized BTC.