Coin News

CoinDesk speaks to the CFPB regarding its most recent warning to US bitcoin consumers.

I’m sure that every reader has stories of having missed out on being an “early adopter” of Bitcoin, and I’d like to share my tale with you. But first, let’s preface this entire piece by reminding everyone that even learning about Bitcoin in 2014, or 2015, makes you an early adopter. My story of how […]

The post Have You Stepped Into Ring Zero Yet? My Bitcoin Regret Story appeared first on CryptoCoinsNews.

South Korea's Coinplug has launched the country's first mobile apps for iOS, including both merchant and consumer tools.

Debit cards that combine cryptocurrency, loyalty points and fiat could soon be a reality thanks to startup Shift Payments.

 Trying to make access to the world’s largest cryptocurrency automatic for the people, BitAccess is looking to build a network of automated Bitcoin banking machines available worldwide. The concept of a Bitcoin ATM isn’t new, with companies like Robocoin Technologies, GenesisCoin, Lamassu Bitcoin Ventures, and BitXatm all launching variations on bitcoin transaction hardware, but… Read More

Earlier this year, Spondoolies-Tech blew me away with their SP10 Dawson Bitcoin ASIC Miner. The SP30 Yukon is the successor to the SP10 and follows the same path of attention to detail. The build quality is top of the line and the underlying software is meticulously coded to provide both the best performance and ease […]

The post Review and Interview: Spondoolies-Tech SP30 Yukon 4.5 th/s Bitcoin ASIC Miner appeared first on CryptoCoinsNews.

BitPagos has launched Ripio, a service that will allow consumers in Argentina to buy bitcoin at 8,000 convenience stores.

The Bitcoin price continues the downward trend with hitting an all time low since mid June 2014 with 550 USD per Bitcoin. Two days ago our author Venzen Khaosan posted a Bitcoin price analysis that could help explain why the price is falling the way it does now. As far as CCN can see, there has […]

The post The Bitcoin Price is Crumbling – Why? appeared first on CryptoCoinsNews.

CAVIRTEX has announced a new partnership with Gateway Newsstands to bring 10 bitcoin ATMs to Canada.

Part of the challenge of Bitcoin and other virtual currencies has simply been the need to juggle different apps and cards to use every payment option at your disposal. Wouldn't it be nice if one card could handle everything? You might just get your...

The Bank of England will raise interest rates in "small, slow increases" Governor Mark Carney has said. Here's the key phrase from the BofE's statement today:

Inflation is close to the [Monetary Policy Committee] MPC’s 2% target and is projected to remain close to the target in the period ahead.  As slack has been absorbed, financial market expectations of the date of the first Bank Rate rise have moved forward.  But when Bank Rate does begin to rise, the pace of rate increases is expected to be gradual, with rates probably remaining below average historical levels for some time.

Here's Carney's prepared remarks:

Unemployment has fallen sharply and is now expected to drop below 6% by the end of the year and to around 5.5% by the end of the forecast period - a marked reduction relative to our expectations in May.

The MPC expects inflation to remain at, or slightly below, 2%, before reaching the target at the end of the forecast period.

As I said in Glasgow recently, as the economy normalises, Bank Rate will need to start to rise in order to achieve the inflation target.

The problem for observers is that Carney is trying to have it both ways. He is saying that rates will rise, but not giving a timetable, and leaving the door open for a continuation of the extended period in which rates have been set at near zero. Here's a key phrase from his remarks:

But the MPC has no pre-set course. The path of Bank Rate will depend on how the expansion proceeds and how the inflation outlook evolves.

The FTSE 100 is flat on the news, immediately after the announcement.

Oh dear — the man from The Guardian just asked Carney an insulting question, the FT notes:

Punchy question (from Larry Elliot at the Guardian): Isn't it true that the Bank hasn't got a clue what's going on out there? And anyone planning to take out a mortgage based on your guidance would be foolish to do so?

"Thank you Larry," replies Carney with a grin

Carney was asked by Sky whether he was "slow boiling the inflation frog." The question amused Carney but he stuck to his guns: The BofE will keep it deliberately vague.

Another reporter then accused Carney of being "clueless." That seems like an unnecessarily rude way to describe the fact that it's genuinely difficult to balance fighting inflation with the need to not cripple the economy by making money more expensive to borrow.

The FT has  great live blog of the announcement here. It says:

The MPC has revised up its expectation for near-term growth - it expects growth to slow a little later than it thought in May. The MPC also expects unemployment to fall faster than it thought in May, and inflation to remain around the 2 per cent target over the forecast period.

... The path of Bank rate will be gradual, Carney stresses. "Small, slow increases" could help mitigate the risk that higher borrowing costs would derail the economy. Carney also says that even if all the slack in the economy was eliminated overnight, interest rates would not need to be much higher than they are now - because of all the persistent headwinds facing the economy in the wake of the crisis.

Here's HuffPo's Asa Bennett:

BoE MPC's forecast for when interest rates will rise was an 'expectation, not a promise". Well that's clear then.

The economy is growing in Britain, and unemployment is declining. But Germany may put a drag on the economy, according to City AM:

Berenberg Bank’s economists have already cut their forecasts for the Eurozone, projecting just 0.1 per cent growth in each of the next two quarters. Saxo Bank’s Steen Jakobsen also expects just a 0.1 per cent boost or lower, calling the year a “total loss”.

You can download the BofE's inflation report here.

Join the conversation about this story »

Peer-to-peer bitcoin lending company Bitbond has secured €200,000 in seed money in a round led by Point Nine Capital.

One of the charges that has been levied against Bitcoin is that it is involved in the funding of terrorism. In the current media, such a charge is highly damaging, but is it entirely without foundation? In an article titled “‘Bitcoin and the Charity of Violent Physical Struggle,’ supporters of the Islamic State of Iraq […]

The post Will Bitcoin Be Used To Fund Terrorism? appeared first on CryptoCoinsNews.

Der Kurs des Bitcoin fing am 10. August an zu fallen, und tags darauf, während der Handelszeit in den USA, wurde der Abschwung deutlich beschleunigt. Beim Schreiben dieses Artikels hat sich der Kurs auf 575 $ eingependelt. Ein weiterer Kursverlust scheint unausweichlich, und die Chartanalyse deutet darauf hin, dass die gegenwärtige Abwärtswelle die letzte sein könnte. Es könnte sich jedoch auch um die heftigste Welle des aktuellen Abwärtstrends handeln.

The post Bitcoin-Preis-Analyse: Letzter Schritt nach unten – bis wohin? appeared first on CryptoCoinsNews.

P2P bitcoin lending startup BTCJam has said no funds were lost after a security breach at its mail provider.