Coin News

Pretty much everyone observing the Bitcoin space, whether a participant or a critic, is wondering what happened in the alleged Mt Gox hack. After months of silence from the US and Japanese authorities over that most thorny part of the Mt Gox saga, official cooperation has finally been sought from the Japanese authorities based on […]

The post US to Cooperate with Japan in Mt Gox Investigation appeared first on CryptoCoinsNews.

Ripple Labs has reached an agreement to prevent co-founder and Stellar creator Jed McCaleb from quickly liquidating his XRP holdings.

I’ve long been interested in ways to use cryptocurrency mining to solve practical problems; proof-of-work’s waste of energy is its biggest problem, the solution to which could be the final nail in fiat’s coffin. While Gridcoin showed some promise, it failed to take off, and the search for a scientific coin capable of taking us to the moon continues. Many seemed to criticize its centralized nature–a central authority vets which scientific programs users can participate in, and validates their efforts–and maintaining proper security while dedicating more resources to useful work has proven difficult. The problem with security is that proof-of-work miners need an algorithm where the solution can be verified with virtually no effort, and in an objective way. The algorithms used […]

The post Mine for the Cure appeared first on Bitcoin Magazine.

 After doing large amounts of nothing for months, the price of bitcoin has found a new direction at last: Down. The recent narrative around bitcoin has been roughly zilch, as the cryptocurrency picked up a few new large vendors’ support, but otherwise settled into something approaching a summer malaise. The price of bitcoin, which is correlated to media and public interest, has bounced… Read More

Researching all things bitcoin thoroughly for the last two years has led me to come across several occurrences of articles referring to bitcoin as a “Libertarian wet-dream”. It is commonly referred to this way in several blogs, forums, computer technical websites and even some professional economic journals. The expression is now so pervasive that a Google search brings up seemingly countless instances for your linking pleasure. Perhaps it is now time for a journalistic undercover investigation to confirm the phenomenon is indeed a new epidemic.  If the connection between bitcoin and wet-dreams is established we my ask ourselves - could wet-dreaming also happen with owners of  litecoin or other alternative currencies?  Is it safe for one to ask – “Is anyone safe”? The topic […]

The post Is Bitcoin causing Libertarians to Experience Wet-Dreams? appeared first on Bitcoin Magazine.

Researching all things bitcoin thoroughly for the last two years has led me to come across several occurrences of articles referring to bitcoin as a “Libertarian wet-dream”. It is commonly referred to this way in several blogs, forums, computer technical websites and even some professional economic journals. The expression is now so pervasive that a Google search brings up seemingly countless instances for your linking pleasure. Perhaps it is now time for a journalistic undercover investigation to confirm the phenomenon is indeed a new epidemic.  If the connection between bitcoin and wet-dreams is established we my ask ourselves - could wet-dreaming also happen with owners of  litecoin or other alternative currencies?  Is it safe for one to ask – “Is anyone safe”? The topic […]

The post Is Bitcoin causing Libertarians to Experience Wet-Dreams? appeared first on Bitcoin Magazine.

The price of bitcoin declined nearly 9% to under $500, its lowest level since 21st May.

Smart property is to deeds as Bitcoin is to money. In the same way that Bitcoin revolutionized the concept of currency, smart property revolutionizes the concept of ownership, removing the need for a central authority to say who owns what. Our system of ownership is just one in a growing line of things to be decentralized, but will inevitably be among the most important. The question is, how can we enforce such a system without the firepower backing modern courts? For those of you still trying to grasp this idea, it’s helpful to remember that bitcoins are not actually things: Bitcoin is a decentralized system for deciding who has how much money, and bitcoins are the unit of measurement it uses–they reside […]

The post Smart Property in Action appeared first on Bitcoin Magazine.

 Another day, another major corporation accepting BTC. This time it’s DISH TV, a satellite TV provider that is working with Coinbase to accept bitcoin payments online. Why is this news? Well, considering Overstock is now accepting $15,000 a day in Bitcoin sales, there is clearly some demand for paying for goods and services in cryptocurrency. Is this a gimmick on DISH’s part,… Read More

Hive now has its HD wallet for bitcoin and litecoin available on Apple’s App Store.

Hive now has its HD wallet for bitcoin and litecoin available on Apple’s App Store.

 If you wanted to send me bitcoin right now you could either type in ‘1JPrpxRagtzuzY4KWCNV2hBhybqyaTrVwA’ or just look for “johnbiggs” on Onename. That’s what two Princeton grads are hoping you’ll do, anyway. Onename.io was founded by Muneeb Ali and Ryan Shea, two engineers who thought they could fix bitcoin transactions. The goal is simple: to offer a… Read More

Julia Tourianksi has traveled the globe to assemble this video of folks from the Bitcoin community reading her declaration of Bitcoin’s independence which was recently posted on our site. She asked me to speak a line for the video and she was extremely patient with me as I just had several beers during a keg party Bitcoin Magazine held at Porcfest 2014. Here is a list of the people in the video. Julia Tourianski (Declaration of Bitcoin’s Independence, Brave The World) Roger Ver (Bitcoin Evangelist, also known as the “Bitcoin Jesus”) Paul Joseph Watson (InfoWars) Jeff Berwick (The Dollar Vigilante, Anarchast) Jeffrey Tucker (CLO, Liberty.me) Charlie Shrem (BitInstant) Kristov Atlas (Anonymous Bitcoin Book, Dark News) Bruce Fenton (Bitcoin Association, Atlantic […]

The post Declaration of Bitcoin’s Independence appeared first on Bitcoin Magazine.

Overstock CEO Patrick Byrne has announced new sales figures and indicated that bitcoin is contributing to overall profitability.

Matching our analysis, Bitcoin price plunged to near $500 BTC/USD today. That is if you were looking at the Bitstamp exchange price. BitFinex, on the other hand, saw $460 followed by a return to $500 only to slam down to $451 a few seconds later. Is this the result of some systemic error or perhaps […]

The post What Happened To The Bitcoin Price At BitFinex Today appeared first on CryptoCoinsNews.

DISH customers can now pay their monthly TV bills in bitcoin.

Gavin Andresen, perhaps the most respected and well-known Bitcoin developer today, made a rather interesting statement about Bitcoin cloud mining the other day, and the strange thing is that it went basically unnoticed by the community as a whole. Redditor /u/zapt0 asked the /r/Bitcoin community about mining contracts and whether or not they could be […]

The post Gavin Andresen Suspects Ponzis in Bitcoin Cloud Mining appeared first on CryptoCoinsNews.

CoinDesk speaks to Avalancha CEO Miguel Klurfan about the state of bitcoin merchant adoption in Argentina.

Virtual Bitcoin Expo 2014 quiere ser la primera feria virtual de Bitcoin, siendo de acceso gratuito por cualquier usuario desde el 15 al 30 de noviembre

The post Virtual Bitcoin Expo 2014, primera feria virtual sobre Bitcoin appeared first on CryptoCoinsNews.

As Bitcoin becomes more popular, so do phishing websites. A phishing website is a website that attempts to impersonate a company to gain information about it, or to steal money. One of the more popular methods of phishing is to make a fake website that looks identical to the real one with only a slightly […]

The post Phishing Website Attempts to Impersonate CryptoCoinsNews appeared first on CryptoCoinsNews.

What is a Dogeparty? At the end of 2014, there will be 100 billion Dogecoins in existence. Anybody in digital currency knows that’s an unprecedented amount of coins. To put that number into perspective, there are only 13 million bitcoins in circulation at the moment. The staggering amount of Dogecoin leaves a pretty simple outlook […]

The post Dogecoin Community Burning Currency for Dogeparty appeared first on CryptoCoinsNews.

What is a Dogeparty? At the end of 2014, there will be 100 billion Dogecoins in existence. Anybody in digital currency knows that’s an unprecedented amount of coins. To put that number into perspective, there are only 13 million bitcoins in circulation at the moment. The staggering amount of Dogecoin leaves a pretty simple outlook […]

The post Dogecoin Community Burning Currency for Dogeparty appeared first on CryptoCoinsNews.

Singapore's chief regulator says bitcoin companies will be regulated in a way that addresses risks, but doesn't stifle innovation.

Min Si Wang berichtet von einem Wachstum von Bitcoinnutzern in aufstrebenden Märkten. Während in den Industriestaaten der Zuwachs neuer Bitcoinnutzer geringer geworden ist, erfreut Bitcoin sich in Entwicklungsländern an neu gewonnener Popularität. Auch wenn die Währung mehr oder weniger von Natur aus unbeständig ist, vor allem als Anlage, kristallisiert sich langsam ein nicht zu unterschätzender Nutzen für […]

The post Schnelles Bitcoinwachstum in aufstrebenden Märkten zu verzeichnen appeared first on CryptoCoinsNews.

 Three months after raising a staggering $30 million Series A round of capital, BitPay has staffed up its San Francisco contingent with a few hires that are worth noting. Currently, BitPay has 40,000 merchants signed onto its service that helps companies of all stripes accept payment for their goods and services in bitcoin. Sonny Singh, formerly of Jumio, which handles payment verification,… Read More

Overstock.com CEO Patrick Byrne says Bitcoin holders have boosted his company's bottom line as a reward for his decision earlier this year to become the first major retailer to accept the digital currency.

Reached by phone by Business Insider Tuesday, Byrne confirmed a report from Reuters' Gertrude Chavez-Dreyfuss that Bitcoin sales had exceeded $2 million since the Utah-based company began accepting the  cryptocurrency in January. He added that he expected up to $8 million in total sales for the year, and forecast Bitcoin revenues would be responsible for $0.04 in earnings per share.

Byrne told Chavez-Dreyfuss he expects total 2014 earnings attributable to shares to reach $0.75-$0.89. In 2013 the company had diluted full-year earnings attributable to common shares of $3.64.

The average daily sales clip has now reached $15,000 a day, or $300,0000 per month, he said, though that rate was only recently achieved. 

"What I get at conferences is, 'I switched my purchases to you online as a show of support,' " he told BI. "That’s what I get in the Bitcoin community. It's become part of the Bitcoin ethic to go and buy something on Overstock.com."

"We’re associated with Bitcoin at this point," he added. 

Almost 90% of Overstock's Bitcoin shoppers are male, but they're often buying products like bedding or furniture more regularly purchased by women, Byrne said. The average size of a Bitcoin order is $240 versus $165 for regular items. 

Overstock saw $330 million in revenues in its quarter ended July 28, and that there is no plan to breakout Bitcoin volumes in quarterly filings — at 1/4 of 1%, the overall amount remains insignificant to topline data.

"There's a ramp to it," he said.

Besides Overstock, 2014 has also seen Dell, DirecTV, Newegg and Reddit announce they would accept Bitcoin payments.

Join the conversation about this story »

Overstock.com CEO Patrick Byrne says Bitcoin holders have boosted his company's bottom line as a reward for his decision earlier this year to become the first major retailer to accept the digital currency.

Reached by phone by Business Insider Tuesday, Byrne confirmed a report from Reuters' Gertrude Chavez-Dreyfuss that Bitcoin sales had exceeded $2 million since the Utah-based company began accepting the  cryptocurrency in January. He added that he expected up to $8 million in total sales for the year, and forecast Bitcoin revenues would be responsible for $0.04 in earnings per share.

Byrne told Chavez-Dreyfuss he expects total 2014 earnings attributable to shares to reach $0.75-$0.89. In 2013 the company had diluted full-year earnings attributable to common shares of $3.64.

The average daily sales clip has now reached $15,000 a day, or $300,0000 per month, he said, though that rate was only recently achieved. 

"What I get at conferences is, 'I switched my purchases to you online as a show of support,' " he told BI. "That’s what I get in the Bitcoin community. It's become part of the Bitcoin ethic to go and buy something on Overstock.com."

"We’re associated with Bitcoin at this point," he added. 

Almost 90% of Overstock's Bitcoin shoppers are male, but they're often buying products like bedding or furniture more regularly purchased by women, Byrne said. The average size of a Bitcoin order is $240 versus $165 for regular items. 

Overstock saw $330 million in revenues in its quarter ended July 28, and that there is no plan to breakout Bitcoin volumes in quarterly filings — at 1/4 of 1%, the overall amount remains insignificant to topline data.

"There's a ramp to it," he said.

Besides Overstock, 2014 has also seen Dell, DirecTV, Newegg and Reddit announce they would accept Bitcoin payments.

Join the conversation about this story »