Coin News

In a quickly developing story, it appears that Home Depot has suffered a data breach that dwarfs the one suffered by Target last year. Early this morning, credit card information collected from what seems to be 2,400+ Home Depot stores around the world, was sold online by Eastern European hackers. The stolen information was sold on the underground store Rescator, […]

The post Bitcoin Users Avoid Home Depot Data Breach appeared first on CryptoCoinsNews.

Apple has issued a statement about the 100+ celebrity iCloud accounts that were allegedly hacked for nude photos.

Dozens of nude photos were first released on anonymous message boards AnonIB and 4chan over the weekend. There are a lot of theories about how this could have occurred, but one of the most prominent suggests multiple hackers spent months getting into the seemingly-secure accounts, either because they were hired to steal the photos or so they could trade the images for other things online, like more nude photos or Bitcoins. 

Celebrities who were hacked include Hunger Games star Jennifer Lawrence, singer Ariana Grande and model Kate Upton.

Apple seems to be denying responsibility, although it says it was "outraged" to learn of the breach. It spent 40 hours investigating the situation and concluded:

"None of the cases we have investigated has resulted from any breach in any of Apple’s systems including iCloud or Find my iPhone."

Apple is continuing its investigation and working with law enforcement officials to uncover more information.

Here's Apple's full statement:

We wanted to provide an update to our investigation into the theft of photos of certain celebrities. When we learned of the theft, we were outraged and immediately mobilized Apple’s engineers to discover the source. Our customers’ privacy and security are of utmost importance to us. After more than 40 hours of investigation, we have discovered that certain celebrity accounts were compromised by a very targeted attack on user names, passwords and security questions, a practice that has become all too common on the Internet. None of the cases we have investigated has resulted from any breach in any of Apple’s systems including iCloud® or Find my iPhone. We are continuing to work with law enforcement to help identify the criminals involved.

To protect against this type of attack, we advise all users to always use a strong password and enable two-step verification. Both of these are addressed on our website athttp://support.apple.com/kb/ht4232.

SEE ALSO: Massive leak of nude celebrity photos

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The KnC Cloud service will utilize the Sweden-based bitcoin company's Arctic mining infrastructure.

Bitcoin has seen some success in online gambling, and greater rewards remain for those that overcome the challenges.

I attended the Cryptolina conference in Raleigh, NC  a week ago, where I met Jad Musablat and Chad Johnson from Bitquick.co, a platform for users to buy and sell Bitcoin; and the only platform of its kind that insures all funds deposited onto their site. We stayed at a nice Airbnb mansion, and I had a chance to hang out with these guys all weekend. I found them to be very enthusiastic, cool, and transparent folks. What struck me is that they really care about providing the best service, and making it easy for others to acquire bitcoins. Jad has a keen sense of detail. Chad is a forward thinking dude who has a knack for solving problems. Not only […]

The post Q&A: Introducing Bitquick.co appeared first on Bitcoin Magazine.

In Ann Arbor, Michigan there is a plot of land called Arbor Hills Farm, an organic farm that leases land from bigger property called the Tilian Farm Development Center, where vegetables and livestock are cultivated. The products are then sold to members of the community through a system called Community Supported Agriculture (CSA) in which members, consisting of local citizens and local restaurants, receive fresh produce on a normal basis. Arbor Hills is no ordinary farm, however. They lease out land and provide fresh produce and chickens for bitcoins. Arbor Hills Farm is run by Katie Shafer, a yoga instructor/farmer who previously studied physics at Michigan State University, and Dan Till, who studied economics and Chinese at University of Michigan and […]

The post Farm In Michigan Growing Local Bitcoin Economy appeared first on Bitcoin Magazine.

Hal Finney was declared legally dead on August 28, 2014. It was a sad loss for the bitcoin community and with respectfully bowed heads we mourn his passing. Hal was a futurist and had an uncanny ability to see trends and technology down the road when others couldn’t. He dared to dream impossible dreams that few could see and most would never believe. He saw the future potential in bitcoin long before it went live. The 58 year old computer programmer and expert cryptologist succumbed to ALS, which is commonly called “Lou Gehrig’s Disease”.  It appears there weren’t enough “ice bucket challenges”, which is the latest trend currently taking place around the world, put forth in effort to collect donations […]

The post Hal Finney – We Salute You appeared first on Bitcoin Magazine.

Forbes magazine ran an article on August 24, “Why There Should be a Bitcoin Central Bank.” If you want the short answer and want to skip the rest of the article, it boils down to this: because that would violate every core bitcoin principle. This article shows the ignorance of most of the world that is deep into yesterday’s paradigm of money. This article is intended to establish four founding core principles of bitcoin technology that should act as the signal for “true north” from which banks, nations, and most importantly, the people of the world will eventually recognize. As people value the many aspects of bitcoin differently it is important to understand the roots of creation that are responsible […]

The post Violate the Core Principles of Bitcoin at Your Own Peril appeared first on Bitcoin Magazine.

The online marketplace ecosystem is currently run by companies like Amazon and Ebay that each acquire respective fees for their service and process most of their payments with credit cards and PayPal, which also take additional fees. But what happens when you decentralize these markets, and allow for peer-to-peer business transactions utilizing bitcoin? OpenBazaar. OpenBazaar is an open source project to create a decentralized network that allows people to trade with each other directly online, using bitcoin, without paying sellers fees and without censorship. It was formed when Brian Hoffman, the project lead, forked the Dark Market code back in April. If you wish to sell something, you post a product listing on the site with the product’s specs. After […]

The post OpenBazaar Looking for Beta Testers appeared first on Bitcoin Magazine.

There have been a number of Bitcoin detractors. Most mainstream economists and intellectuals denounce the idea as either impossible or a hoax, or they misconstrue it along the lines of play money or niche money. Another group of Bitcoin detractors comes from an Austrian/Hard Money contingent. These gentlemen who recognize the invalidity of the Keynesian models have nevertheless made their own various arguments attempting to demonstrate that Bitcoin cannot serve as money. For naysayers of this persuasion, there is nothing improper about the economic incentives of such a system, but simply that it will succumb to State control or prohibition, that it is trackable, or even that Bitcoins are intrinsically worthless. The Keynesian response is understandable, though lamentable. Their schema […]

The post The Value Foundations of Bitcoin: Austrian Redux, part I appeared first on Bitcoin Magazine.

This is a guest post by Derek Watson. So, it turns out that Satoshi Nakamoto is not Satoshi Nakamoto. According to Andreas Antonopoulos, who was charged with giving him the bitcoins that had been raised for him as a sort of apology for the Newsweek fiasco (and explaining what they were), he doesn’t know how to use a Web browser. So, assuming that Satoshi didn’t invent the Bitcoin protocol, have a stroke and retire to build model railway engines, what should we think about the Creator? A lot of effort has been put into trying to work out who Satoshi is. His last words were that he was leaving Bitcoin and had “moved on to other things.” But could someone […]

The post Satoshi appeared first on Bitcoin Magazine.

The MIT BitComp has ended with six student-led projects earning more than $1,000 apiece.

The Asian trading session has pulled price up from last night’s lows near $470. There are still few clues as to where price is heading, but at least one more low is expected as the analysis below explains. Descending Channel As identified in yesterday’s analysis a descending channel has contained price action for 11 days […]

The post Analysis: Asian Trading Session Pulls the Bitcoin Price Up appeared first on CryptoCoinsNews.

The University of Zurich has launched a bitcoin payments trial that will utilise near-field communication technology.

Mozilla, the company behind the Firefox web browser and Firefox OS, recently launched its first smartphones in India for the affordable price of $33. The phone is known as the Intex Cloud FX, and it could do more for Bitcoin adoption in the developing world than any of the high-profile startups in Silicon Valley. After all, […]

The post Low-Cost Firefox Phones Could Bring Bitcoin to Developing World appeared first on CryptoCoinsNews.

The Celebgate incident is still unfolding, and we are already seeing mainstream media report on the connection between the “nude celebrity photos” and Bitcoin. The original leaker of the pictures returned to 4chan recently to respond to the uproar he had caused. An excerpt from his post highlights Bitcoin’s involvement in Celebgate: People wanted **** for […]

The post Celebgate Could Inspire More Bitcoin Blackmail appeared first on CryptoCoinsNews.

BITMAIN is announcing the acquisition of Hashnest.com – a cloud hash platform which was originally named Snowball Exchange (Snowball.io). Hashnest.com will operate independently to build a safe, cheap and decentralized platform that serves the worldwide mining enthusiasts and hosting operators. What’s more, this is also a step to enhance the fundamental safety of Bitcoin. The […]

The post BITMAIN announces Cloud Hash Platform – HASHNEST.COM appeared first on CryptoCoinsNews.

Bitmain has announced a cloud based mining service called HashNest. For several months now, the community has speculated about whether Bitmain was building a cloud based service, and as Bitmain always do, they chose to hold their information until now. Coupled with the announcement of HashNest is that they are actively working on improving the […]

The post BREAKING: After Much Speculation Bitmain Announces P2Pool Bitcoin Cloud Mining Service appeared first on CryptoCoinsNews.

If you're anything like us, you've already made millions of dollars on Bitcoin. But how to keep it safe from loved ones, co-workers and other people we don't trust? Sound Wallet promises to keep your private access keys secure as encrypted audio,...

The past year has brought many innovations to the altcoin market. As Bitcoin has encountered potential future roadblocks–such as regulation and government opposition–altcoin developers have sought to provide alternatives to the privacy-conscious. One recent altcoin to attempt to provide user anonymity is ShadowCoin. ShadowCoin uses stealth addresses to provide anonymous transactions, but they also offer […]

The post ShadowCoin Lead Developer Rynomster Speaks From The Shadows appeared first on CryptoCoinsNews.

The past year has brought many innovations to the altcoin market. As Bitcoin has encountered potential future roadblocks–such as regulation and government opposition–altcoin developers have sought to provide alternatives to the privacy-conscious. One recent altcoin to attempt to provide user anonymity is ShadowCoin. ShadowCoin uses stealth addresses to provide anonymous transactions, but they also offer […]

The post ShadowCoin Lead Developer Rynomster Speaks From The Shadows appeared first on CryptoCoinsNews.