Coin News

The noted bitcoin entrepreneur will discuss his past experiences at the digital currency conference in New York later this month.

El gigante de la informática Newegg ha comenzado a aceptar pagos mediante Bitcoin sumándose así a la cada vez más extensa lista de grandes empresas que comienzan a aceptar esta moneda. Newegg es bien conocida por ser una de las principales tiendas de informática y aparatos electrónicos al por menor de los Estados Unidos aunque […]

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A single bidder took home all 10 blocks totaling nearly 30,000 Bitcoins the government auctioned off Friday.

The U.S. Marshals Bitcoin auction resulted in 45 registered bidders and 63 bids received.

The price on Friday, the day of the bidding, was around $580. It's now climbed to $640.

The U.S. Marshals said they could not comment on the winning bid amount, nor the bidders' origin.

SecondMarket and Pantera, two of the largest players in the Bitcoin world, both said they were outbid.   

More to come...

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A single, undisclosed bidder has won all 30,000 Silk Road bitcoins, according to the US Marshals Service.

Italy's second major bitcoin gathering this month saw the debut of the country's first Robocoin ATM.

Newegg, one of the largest online electronics retailers, made the announcement today that it will begin accepting bitcoin. To many of the company’s customers, the announcement was a long time coming. After Overstock began accepting bitcoin in January, Newegg shoppers took to social media, wondering when the company would open up the option of bitcoin as a payment method. Newegg will now be able to offer bitcoin payment options to its over 25 million customers for its extensive product offering of over 10.5 million products. The computer hardware and software e-retailer is one of the largest in the industry, with nearly $2.8 billion in revenue. Unlike Overstock, Newegg selected the Atlanta-based payment processor, BitPay as its payment processor for its […]

The post Newegg Jumps On Board with Bitcoin appeared first on Bitcoin Magazine.

Cryptocurrency had a lot of firsts in Vancouver, but nothing brought more media attention than the world’s first Bitcoin ATM. Installed by the Bitcoiniacs (now CoinTrader) in partnership with Robocoin, it found its home in a Waves Coffee House. Originally signed onto Bitcoin by the Bitcoin Co-op, CoinTrader soon moved in and made it their Bitcoin headquarters, which it still is, today! Although traffic has dwindled since the famous launch event, Waves continues to be one of Vancouver’s Bitcoin hot-spots. It held one of CoinFest’s most popular events–the mining and hardware demonstration–where they also unveiled the world’s first Dogecoin ATM. The jury is out on whether they’ll ever bring another Bitcoin ATM to Vancouver, but if they do, you’ll probably […]

The post The ATMs of Vancouver appeared first on Bitcoin Magazine.

Cryptocurrency had a lot of firsts in Vancouver, but nothing brought more media attention than the world’s first Bitcoin ATM. Installed by the Bitcoiniacs (now CoinTrader) in partnership with Robocoin, it found its home in a Waves Coffee House. Originally signed onto Bitcoin by the Bitcoin Co-op, CoinTrader soon moved in and made it their Bitcoin headquarters, which it still is, today! Although traffic has dwindled since the famous launch event, Waves continues to be one of Vancouver’s Bitcoin hot-spots. It held one of CoinFest’s most popular events–the mining and hardware demonstration–where they also unveiled the world’s first Dogecoin ATM. The jury is out on whether they’ll ever bring another Bitcoin ATM to Vancouver, but if they do, you’ll probably […]

The post The ATMs of Vancouver appeared first on Bitcoin Magazine.

Swarm’s concept has been generally written about here, and announced here. Joel Dietz is the founder of Swarm, which Entrepreneur Magazine called “a crowdfunding platform that operates on a Bitcoin framework.” I invited him onto my podcast to discuss what Swarm is, how it will disrupt finance and the 1%, and why it’s the Uber of venture capital. Here’s the episode, with the transcript of the interview below. You guys just launched recently, right? That’s right, on June 17th we kicked it off. That’s so exciting, and you got a big write-up in Entrepreneur Magazine. Yea! And we’ve seen a lot of engagement from the kind-of mainstream press which I guess is a bit unusual for Bitcoin things. Our goal […]

The post The Uber of Venture Capital: An Interview with Swarm Founder Joel Dietz appeared first on Bitcoin Magazine.

Previously, I wrote about Bitcoin’s environmental impact, as well as some suggestions for improvement. Making more efficient use of processing power is one route, but improving the power supply would yield a much wider array of benefits for society. Even if you aren’t concerned about pollution, a fossil fuel-powered economy is unsustainable, leading to higher electricity prices and increased armed conflict around the world. Thankfully, cryptocurrency is on the job. One of the most immediate ways crypto can encourage the energy revolution is already supported by the Bitcoin protocol. Finance is not the only industry prone to monopoly: energy companies depend upon a massive infrastructure network, the logistics and cost of which are a significant barrier to entry. If the […]

The post Cryptocurrency and the Energy Revolution appeared first on Bitcoin Magazine.

Running an email service is neither easy nor cheap, especially when it’s designed to thwart mass surveillance. ProtonMail is a free, end-to-end encrypted email provider based in Switzerland (away from the NSA) and strives to protect its users in an age where privacy has become a commodity. In order to keep its services free, ProtonMail […]

The post PayPal Freezes ProtonMail’s Campaign Funds: Yet Another Reason They Accept Bitcoin appeared first on CryptoCoinsNews.

QwikBit, a Bitcoin Automated Vending Machine (AVM) operator has confirmed that they have accepted delivery of their first batch of Bitcoin AVMs. The machines will be introduced to the Isle of Man and throughout the United Kingdom. “We’ve been looking forward to the arrival of our first batch of Bitcoin AVMs for several weeks. In […]

The post QwikBit Confirms Arrival of First Bitcoin AVMs on the Isle of Man appeared first on CryptoCoinsNews.

After trial and error on business ideas, the company believes one wallet for top altcoins is something investors need.

A recently published working paper grossly misunderstood the economic nature of bitcoin, says the Bitcoin Foundation's Jon Matonis.

The ads enable direct purchases of tickets for an upcoming concert featuring hip hop power couple Beyoncé and Jay-Z

Und wieder haben wir eine erfolgreiche Woche für den Bitcoin erleben können. Der Kurs ist auf aktuell 650 $ / 470 € gestiegen, was an den vielen positiven Meldungen in den vergangenen Tagen liegen dürfte. Im Nachfolgenden ein kurzer Überblick über die wichtigsten Neuigkeiten aus:   Kalifornien In Kalifornien wurde mit einem neuen Gesetz das bisherige […]

The post Bitcoin: Der Wochenrückblick / Teil VI appeared first on CryptoCoinsNews.

Bitcoin ATM operator QwikBit announced that it has accepted delivery of its first batch of Lamassu bitcoin ATMs.

Online floral and gift retailing giant 1-800-Flowers has announced that it is now accepting bitcoin.

Bitcoin is up massively in just the last few days.

It seems the government's auction of a large cache of Bitcoins — which were seized from the online marketplace the Silk Road — is proving to be a major boon for Bitcoin, as rumor is the bids have come in massive.

Check out the chart, from Bitcoinwisdom.

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Digital currency retailer Expresscoin now offers Canadians the opportunity to purchase bitcoin and several altcoins by debit card.

Digital currency retailer Expresscoin now offers Canadians the opportunity to purchase bitcoin and several altcoins by debit card.

The popular computer hardware and software retailer has announced it is now accepting bitcoin as a payment option.

 In another example of why Bitcoin is probably best for online transactions, the mercurial Paypal has shut down ProtonMail’s account, freezing $270,000 in limbo until “questions” are “answered” regarding the cash. Paypal is quite good at shutting down popular funding efforts including, most notably, Wikileak’s donation provider a few years ago. Writes Andy… Read More

Good morning, welcome to July! Here's what you need to know.

BNP Paribas Shares Pop. The firm's stock opened up 3.4% higher in Paris after it announced it had sufficient funding to pay for its record $8.9 billion settlement over U.S. fraud charges, and that it would still be able to support its dividend of $1.50. We documented some of the howlers contained in the New York Department of Financial Services' consent order against the firm. Moody's kept its credit rating unchanged but noted its internal controls need work.    

China PMI Expands For The First Time In Six Months. The purchasing manager's index reading from HSBC/Markit came in at 50.7, a bit below the preliminary reading but rising above 50 for the first time since December. "The economy continues to show more signs of recovery, and this momentum will likely continue over the next few months, supported by stronger infrastructure investments," said Qu Hongbin, chief economist for China at HSBC. "However there are still downside risks from a slowdown in the property market, which will continue to put pressure on growth in the second half of the year. We expect both fiscal and monetary policy to remain accommodative until the recovery is sustained.”

Two Manufacturing Readings. At 9:45 a.m. we get Markit's purchasing manager's index for manufacturing. And at 10 a.m. we get ISM's manufacturing reading. Consensus is for an increase to 55.6 from 55.4 in May. In May the employment index was at 52.8%, and the new orders index was at 56.9%. "An array of survey evidence, along with the latest hard production data, indicates that the manufacturing sector is recovering quite strongly," Pantheon Macro's Ian Shepherdson writes in a note Monday. "The weather hit over the winter was much less severe than in some of the other data, and output rose at a 6.3% annualized rate in the three months to May, compared to the previous three months. We see no reason for these favorable trends to weaken in the near-term, but we are wary too that the next few months’ ISM surveys will overstate the pace of the rebound."

A Better Siri. Apple is beefing up hiring in its Siri division to improve the speech recognition service. “Apple is not hiring only in the managerial level, but hiring also people on the team-leading level and the researcher level,” Abdel-rahman Mohamed, a postdoctoral researcher at the University of Toronto, who was courted by Apple, told Wired. “They’re building a very strong team for speech recognition research.”

Auto Sales. All day, we get auto sales data for June. Analysts are expecting a reading of 16.4 million, down slightly from 16.7 million. 

Construction Spending. Also at 10 a.m. we get construction spending data from the Census. Consensus is for a 0.5% increase.

Eurozone Unemployment Goes Nowhere. The reading for May held at 11.6%. German unemployment was 5.1%, while Italy's was 12.6% and Spain's was 25.1%. 

UK Pound At Highs. The British sovereign hit its highest level since 2008, trading at $1.7147. The move came as UK PMI hit 57.5, topping expectations and signaling that a rate hike could come before the end of the year.

Markets. U.S. futures were higher. Stocks in Asia were mixed. European stocks were up across the board. 

Bitcoin Auctions Results Still Unknown. Prices climbed to multi-week highs on word from major institutions that they'd been outbid at the U.S. Marshals' auction of nearly 30,000 Bitcoins from the Silk Road case Monday, but the service itself hasn't announced anything yet. Some have their own theories about what may have happened... 

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An award-winning Singapore architecture and interior design firm will accept and keep bitcoin to simplify international payments.

Dans l’émission de Bloomberg TV “Street Smart”, Hikmet Erset le directeur général de Western Union partage son opinion sur bitcoin affirmant que son entreprise acceptera la monnaie digitale seulement si la crypto-monnaie est régulée.  Interviewé mercredi 25 juin par Trish Regan pour l’émission “Smart Street” de Bloomberg TV, Hikmet Ersek le directeur général de Western […]

The post Western Union acceptera bitcoin uniquement si la crypto-monnaie est régulée appeared first on CryptoCoinsNews.

In a release from earlier today, rumors surrounding a new BitPay partner have now been confirmed. Newegg is now accepting Bitcoin. Like competitor TigerDirect, Newegg uses American Bitcoin payment processor BitPay to immediately settle Bitcoin payments into fiat, much in the same way that they accept other digital currencies of the more centralized flavor, such […]

The post Newegg.com Is Now Accepting Bitcoin appeared first on CryptoCoinsNews.

This marks the first installment of the CCN Weekly Altcoin News Update, which will profile altcoin news stories that have flown under-the-radar, but deserve coverage. This week’s update examines the impressive rise of the Vericoin price, the introduction of Cryptsy USD markets, and a new Peercoin marketing campaign crowdsourced by the community. Vericoin Price Rises […]

The post Weekly Altcoin News Update: Vericoin Price Rise, Cryptsy USD Trading, and More appeared first on CryptoCoinsNews.

This marks the first installment of the CCN Weekly Altcoin News Update, which will profile altcoin news stories that have flown under-the-radar, but deserve coverage. This week’s update examines the impressive rise of the Vericoin price, the introduction of Cryptsy USD markets, and a new Peercoin marketing campaign crowdsourced by the community. Vericoin Price Rises […]

The post Weekly Altcoin News Update: Vericoin Price Rise, Cryptsy USD Trading, and More appeared first on CryptoCoinsNews.

The price of bitcoin rose today as institutional investors sought to label the Silk Road auction as an industry success.