PayPal has been coy about embracing virtual currencies so far, but it just took a big step toward welcoming them with open arms. As of today, the company's deals with processing firms BitPay, Coinbase and GoCoin let you pay with Bitcoin at North...

BitPay, Coinbase and GoCoin open up about their new working relationship with e-commerce giant PayPal.

Heard of Bitcoin and cryptocurrencies? There is a new king in the town! Lately cryptocommunities saw a lot of new coins being created everyday yet… almost all about LTC Litecoin failed. One of pretty respected Bitcointalk.org members [the original BTC forum] came up with an idea that will make everybody feel secure about their investment […]

The post EXCL – Coin Backed by Real Things with Known Dev appeared first on CryptoCoinsNews.

Heard of Bitcoin and cryptocurrencies? There is a new king in the town! Lately cryptocommunities saw a lot of new coins being created everyday yet… almost all about LTC Litecoin failed. One of pretty respected Bitcointalk.org members [the original BTC forum] came up with an idea that will make everybody feel secure about their investment […]

The post EXCL – Coin Backed by Real Things with Known Dev appeared first on CryptoCoinsNews.

Butterfly Labs, a failed Bitcoin miner manufacturer, has been shut down by the Federal Trade Commission. According to a statement published on the regulator’s website, the FTC shut down Butterfly Labs pursuant to a court order obtained from a court in the Western District of Missouri. Also read “We need to talk about Butterfly Labs” This past week, […]

The post FTC Shuts Down Butterfly Labs… Finally appeared first on CryptoCoinsNews.

Stocks fell for the third straight day on Tuesday, with the blue chip Dow Jones Industrial Average falling more than 100 points and also logging the largest percentage loss. 

First, the scoreboard:

• Dow: 17,061.33, -111, (-0.6%)
• S&P 500: 1,986.17, -8.3, (-0.4%)
• Nasdaq: 4,516.49, -11.2, (-0.2%)

And now, the top stories on Tuesday:

1. The FHFA's July home price index showed prices rose 0.1%, less than the 0.5% expected by economists and the 0.4% that prices rose last month. Following the report, Michael Gapen at Barclays said, "The index now stands up 4.4% y/y, down from 5.1% in June and 7.8% through end-2013. The slowdown in the rate of home price appreciation in the FHFA House Price Index in 2014 has mirrored that in other national home price indices and is broadly in line with our outlook for smaller gains in home prices this year." 

2. Markit's flash manufacturing PMI report for September came in at 57.9, unchanged from August and basically in-line with the 58.0 that was expected by economists. Following the report, Chris Williamson, chief economist at Markit, said, "The flash PMI signaled another month of impressive growth of the US manufacturing economy. The third quarter as a whole has seen the strongest expansion since the sector began to recover from the financial crisis." Jesse Hurwitz at Barclays also said this report is in-line with continued a expansion in manufacturing activity during the third quarter. 

3. The Richmond Federal Reserve's latest manufacturing index jumped to 14 in September from 12 in August. The report showed that shipments and volume of new orders picked up this month, and said, "Manufacturers remained optimistic about future business conditions. Survey participants expected faster growth in shipments and in the volume of new orders in the six months ahead. Producers looked for increased capacity utilization and anticipated rising backlogs. Expectations were for longer vendor lead times."

4. After crashing 10% into the close on Monday, shares of multi-level marketer regained nearly all of their losses on Tuesday. Despite the rebound in shares of Herbalife on Tuesday, Business Insider's Julia LaRoche reported that Bill Stiritz, chairman and CEO of Post Holdings, has suffered some ugly paper losses on his nearly 7.5 million share stake in Herbalife. Stiritz's stake, which is made through his personal investing vehicle, is equal to about 8% of Herbalife and has fallen $145 million this year. 

5. On Monday, the Russell 2000 index completed a "Death Cross," or a technical indicator that occurs when a security or index's 50-day moving average falls below its 200-day moving average. In his morning note on Tuesday, however, UBS' Art Cashin said, "Doing this for 50 years tells me the death cross is more important to the media than to the markets."

6. The CEO of Ultrasonic, the Chinese shoe company that last week said their CEO and COO had disappeared and taken the company's money with them, kind of reappeared over the weekend. In a press release on Monday, Ultrasonic that, according to its CFO Clifford Chan, CEO Qingyong Wu called Chan over the weekend and said the money would be returned and that he would return to the company. The only problem: Ultrasonic's board has been unable to independently contact Wu. 

7. The price of Bitcoin spiked higher on Tuesday following news that Bitcoin startup BitPay has announced a partnership with payments company PayPal. The price of Bitcoin spiked 12% on Tuesday to about $430.  

8. Shares of Chinese e-commerce giant Alibaba fell again, dropping more than 3% on Tuesday, marking the second-straight full trading day of losses for the stock, which made its debut last Friday.

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PayPal announced a monumental partnership today that will likely play a large part in the adoption of bitcoin throughout the world. The company has partnered with BitPay, Coinbase, and GoCoin to provide bitcoin support to the millions of PayPal users. The first project consists of integrating with the company’s Payments Hub, which is likely to be a small piece of the puzzle in the future relationship between PayPal and the leading Bitcoin payment solutions providers. Initially, digital goods merchants in North America will be able to accept bitcoin through the Payments Hub, and depending on popularity, may allow merchants around the globe to do the same. PayPal announced in its press release, “We chose to work with BitPay, Coinbase and […]

The post PayPal Embraces Bitcoin: Is It Only the Beginning? appeared first on Bitcoin Magazine.

The Missouri-based Butterfly Labs allegedly deceived consumers in its attempts to sell “Bitcoin-mining computers.”

Once seen as a direct competitor, PayPal has warmed up quite a lot to Bitcoin. Last year, PayPal’s president David Marcus stated that his company was “thinking about” bitcoin. Then, just recently, PayPal announced bitcoin integration through one of its smaller projects – Braintree. And today, PayPal has partnered with three major bitcoin payment processors […]

The post PayPal Partners with BitPay, Coinbase, and GoCoin appeared first on CryptoCoinsNews.

 This morning, PayPal rolled out broader support for bitcoin, allowing merchants to accept the cryptocurrency as payment for digital goods. The reaction to bitcoin itself has been immediate and positive. The PayPal integration is minor — users won’t be able to start stashing their bitcoin in their PayPal accounts, but merchants that use certain PayPal services, and are located in… Read More

Recently, I was introduced to a new social network for the Bitcoin community called ZapChain. Started by Matt Schlicht, ZapChain is a community platform where the bitcoin obsessed can congregate to answer questions and discuss ideas for bitcoiners and non-bitcoiners alike. The Bitcoin Magazine team put forward a question and to our very pleasant surprise, we received 44 answers, proving that the ZapChain community is energetic, responsive and engaged. Our question was: “What is the biggest advancement bitcoin has experienced in the last 6 months? How does this event change the future of bitcoin?” Keep in mind we kept bitcoin lower-case, signifying that the question is about advancements to the currency, and not to the distributed consensus ledger or payment […]

The post How to Access Top Bitcoin Minds: A Profile on ZapChain appeared first on Bitcoin Magazine.

The FTC just shut down Butterfly Labs, the specialized manufacturer of Bitcoin mining equipment. It turns out the company has repeatedly failed to deliver on the massively powerful computers it sold consumers.

Read more...

Some news in the (relativerly) quiet world of Bitcoin: Bitcoin startup BitPay has announced a partnership with payments company PayPal to integrate their services, possibly increasing Bitcion adoption.

Bitcoin prices are spiking on the news.

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LAKE BUENA VISTA, FL, SEPTEMBER 22 – The value of Bitcoin is about to become life changing for one couple, who will use Bitcoin technology to register their marriage on the blockchain, as one of the governance services provided by Bitnation. This hi-tech wedding is the first of its kind, and will take place at the Disney World Coins in the Kingdom Bitcoin Conference on October 4th and 5th at The Wyndham Lake Buena Vista on The Walt Disney World Resort. David Mondrus is a serial entrepreneur, CEO of RedboxJewels.com, and advisor at Bitnation, who met Joyce Bayo while he was researching new business opportunities in the Philippines. She stole his heart when she fed him pineapple on a boat. […]

The post Couple to Get Married on the Bitcoin Blockchain at Disney Bitcoin Conference appeared first on Bitcoin Magazine.

PayPal has announced partnerships with the three largest payment processors in the bitcoin space: BitPay, Coinbase and GoCoin.

PayPal is officially warming up to the cryptocurrency, though it is proceeding gradually and with caution

 Bitcoin’s momentum among key merchants and platforms on the web keeps accelerating. After hinting at it a few weeks ago when Braintree enabled Bitcoin-based transactions for PayPal developers, the company is now enabling Bitcoin across the PayPal network for merchants of digital goods. The company has expressed interest in Bitcoin for awhile, with eBay CEO John Donahoe saying in the… Read More

ZeusMiner recently debuted their next generation chips within their new Volcano miner. They also have several more tricks up their sleeves. Along with the Volcano, they announced that they are selling and shipping Gen 3 Blade upgrades for their existing miners. They also have announced they are nearly ready to debut their updated ZeusHash platform. CCN […]

The post Bitcoin Mining Manufacturer ZeusMiner Releases the Volcano appeared first on CryptoCoinsNews.

Bitcoin is gaining popularity. Although the price has declined, people are still asking about and joining the ‘mining frenzy’ with increasingly capable hardware. In fact, the current aggregate hashrate of the Bitcoin network is topping a staggering >200,000,000 GH/s. Remember that the profitability of mining depends on not only the necessary investment in hardware, but, most importantly, in the recurring cost of the energy required to power mining rigs. The world is full of people who are willing to game any system for an expected personal profit. Unsurprisingly, there is a trend of individuals engaging in what is called ‘illicit bitcoin mining’, which is, essentially, borrowing computing resources and stealing power to mine for bitcoin. There are known cases of […]

The post Network Visibility Product Incorporates Bitcoin Pooled Mining Detection appeared first on Bitcoin Magazine.

Bitcoin has been growing a lot over the past year. Online shops have started accepting it as payment method, businesses have emerged, and the virtual currency has found its way into the gambling world. Bitcoin casinos are a hot topic and among them is Bitcoinbet.eu, an online casino that claims to be among the very […]

The post Online Casino Bitcoinbet.eu Offers Great Bonuses and Rewards appeared first on CryptoCoinsNews.

With 2 bitcoins available to be won, Kryptokit contest tests new blockchain based marketing ideas TORONTO, CANADA – SEPTEMBER 23, 2014 – Today Kryptokit, the makers of the instant bitcoin wallet RushWallet, launched a video with a twist: embedded in the humorous video is a series of clues that lead viewers to 30 hidden brainwallets filled with bitcoins. Once viewers decipher the clues they are invited to claim the wallets and transfer any bitcoins inside them into their own accounts. There are 2 bitcoins available to be won in a contest that will last 1 month or until all the wallets are claimed. The aim of the video is two-fold: first, to showcase how Kryptokit’s recently released RushWallet Fundraiser tool […]

The post Kryptokit releases Video-Based Contest to Showcase the Power of Bitcoin Brainwallets appeared first on Bitcoin Magazine.

Estonia's LHV Bank speaks to CoinDesk about its new partnership with Coinbase.

Every now and again, a conspiracy theorist will tell us that the illuminati will abandon national currencies in favor of a single, worldwide form of payment. Given the myriad ways that we currently use to empty our bank account, we're not sure how a...

Here’s Part 1: The Value Foundations of Bitcoin While gritting teeth and shaking hands with Bitcoin is necessary, Austrian economists should flash a toothy smile and embrace it warmly. Bitcoin is, after all, Rothbardian money. I say this because Bitcoin digitally manifests the optimal attributes given to money by Austrian School economist Murray Rothbard. Because of the distributed nature of its protocol, Bitcoin is, in fact, superior to its alternatives: fiat money and a return to precious metals. The comparative advantages Bitcoin provides are staggering and therefore those who champion higher standards of living, radical liberty, and privacy should champion Bitcoin. There have been a number of attempts at digital currency in the past. Why is Bitcoin any different? 1. […]

The post The Chosen One: Austrian Redux, Part II appeared first on Bitcoin Magazine.

As the new school semester starts, many young people will find themselves mourning the days of college — endlessly combing their social media networks, with envy, for photos of their undergrad-friends at the campus bar or statuses about tailgating before a big football game.

There's good news! Life goes on. It's time to embark on the next adventure: starting a career.

For those wishing to branch out in a new city, deciding where to settle is tough. To help them make a decision, Livability curated a list of the towns with the most potential for new college grads.

To determine the best cities, Livability analyzed factors such as "the number of 25- to 34-year-olds living in each city, the availability of rental properties, unemployment rates, educational attainment levels, use of public transportation, and the types of jobs these places offer." Bonus points were awarded to cities that provide tons of recreational opportunities, nightlife, and a cool vibe.

Here are the top 10 cities for recent college grads:

10. Mountain View, CA

Even if you're not a Googler, the techie dream town of Mountain View contains endless amenities for its amenities, including shoreline pathways, a network of bike trails, and coworking spaces and coffee shops offering Bitcoin ATMS and free WiFi, according to Livability

9. Naperville, IL

Located 30 miles west of Chicago, Naperville combines small-town charm and big-city amenities, according to Livability. It's a hotbed of jobs in the technology, energy, and distribution sector — with a low unemployment rate of 5.5% among 25- to 34-year-olds.

8. Fargo, ND

While you may know it as the wintry town that gave the dark comedy thriller "Fargo" its title, the real-life city is considered one of the safest places to live in the U.S., according to Livability. Nearly 80% of jobs in Fargo are considered non-service and come with high salaries, spanning health care, technology, manufacturing, and financial services. 

7. Ann Arbor, MI

So much more than just a college town — and one of the best, at that — Ann Arbor boasts above-averages wages to college-educated workers and a solid track record of successful entrepreneurs, according to Livability. Residents can find ample opportunities in automotive research, software development, and research in life sciences.

6. Hoboken, NJ

Before cracking a Jersey joke, bear with us. There are nearly 122,000 job openings in and around the city, Livability reports, and the unemployment rate for 25- to 34-year-olds is 1.6% — a pretty solid indication that qualified applicants can land a job here. 

5. Minneapolis, MN

According to Livability, the average citizen spends less than 30% of their annual income on housing. This frees up funds for entertainment (Minneapolis has one of the best music scenes outside Nashville, NYC, and LA), eating out at one of the city's four James Beard Award-nominated restaurants, and, of course, retirement.

4. Bethesda, MD 

Considered a Washington, D.C. suburb, Bethesda is home to some of the leading research facilities in the country, including the National Institutes of Health, the Centers for Advanced Orthopaedics, Lcokheed Martin, and IBM. Plus, 98.7% of its residents are employed, according to Livability.

3. Austin, TX 

While rapid population growth has sucked some of the weirdness out of Austin, the overgrown college town holds on to creative culture through small businesses, South by Southwest, and a ripe culinary scene. According to Livability, major industries include computer technology, research and development, engineering, and the arts.

2. Bellevue, WA

Home to Lake Washington and Mount Rainier, Bellevue also plays host to a slew of earthy-crunchy companies, including REI, Eddie Bauer, and Outdoor Research. Outdoor enthusiasts can find employment opportunities in industries spanning software, internet, environmental management, and engineering, according to Livability.

1. Cambridge, MA

With more than 600 companies and two internationally renowned universities based here, Cambridge is well stocked in jobs, most of which are high-paying compared to the average American salary. The Boston suburb's compact layout, vibrant arts scene, and ample food trucks draws tens of thousands of 25- to 34-year-olds to the area, Livability reports. The top employers are Novartis Institutes for Biomedical Research, Sanofi-Genzyme BioVentures, and Biogen Idec, which Business Insider named the second best employer in America in 2014.

SEE ALSO: The 20 Best Places To Live In America

Follow us! Business Insider Is On Instagram

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Asian exchange Bitcoin Vietnam has added wallet functionality that allows 'off-chain' transactions between users and instant trading functionality.

Global Advisors Bitcoin Investment Fund (GABI) has announced the completion of its first initial offer period and its first purchase of bitcoin.

Many security-conscious Bitcoin users consider cold storage – on a system physically disconnected from the Internet – as the safest way to store their coins. The downside is that, if you keep your coins on an offline PC at home, you lose access when you leave home. Enter Bitsmart Wallet, a cheap, secure, open source […]

The post Bitsmart: Open-Source DIY Bitcoin Wallet with Raspberry Pis appeared first on CryptoCoinsNews.

An American executive of a Bitcoin startup committed suicide in Singapore early in 2014 due to stress and depression from work and other personal issues. The information was released by the Coroner’s Court in Singapore. The Coroner’s Court found that Autumn Radtke had been determined to end her life, and had “made concerted efforts toward […]

The post Foul Play Ruled Out in Bitcoin Startup CEO Death appeared first on CryptoCoinsNews.

Buying and selling accounts on the popular Bitcoin forum bitcointalk.org is not against the rules of the forum, but it could have social repercussions if someone tarnishes your good name. “SirWilliam” was laughed down by “hilariousandco,” a forum staff member, for speaking up about this dark corner of the usually ethical Bitcointalk. Not everyone realizes […]

The post Bitcointalk Accounts Are Being Bought and Sold appeared first on CryptoCoinsNews.

UK digital currency brokerage Bittylicious is now allowing altcoin buyers to pay with credit cards.

The Bitcoin price is in a holding pattern awaiting a directional watershed. Last Friday price bounced off a rising trendline, originating at a price low set in 2012, and is now approaching it, once again, as trade meanders sideways. The side of the trendline that the market chooses could set the direction of trend for […]

The post Bitcoin Price Needs You appeared first on CryptoCoinsNews.

The bitcoin price has been in decline recently, and many altcoin prices have fallen in its wake. However, the bitcoin price decline has not affected the stellar price. In fact, while the bitcoin price fell 15% during the past week, the stellar price increased nearly 40%. CCN examines the stellar price increase to help traders make […]

The post Stellar Price Rising Despite Bitcoin Price Decline appeared first on CryptoCoinsNews.

The bitcoin price has been in decline recently, and many altcoin prices have fallen in its wake. However, the bitcoin price decline has not affected the stellar price. In fact, while the bitcoin price fell 15% during the past week, the stellar price increased nearly 40%. CCN examines the stellar price increase to help traders make […]

The post Stellar Price Rising Despite Bitcoin Price Decline appeared first on CryptoCoinsNews.

Completely independent organization Greenpeace announced today that it now accepts donations in bitcoin, becoming the latest charitable institution to adopt the digital currency into its operations. Greenpeace devotes its efforts to ensuring a “healthy planet for current and future generations.” The organization states that it does not take money from corporations or government, and hence relies on individual donations, a fact that will surely be warmly accepted by the bitcoin community, which has largely libertarian roots. Their blog reads: “A majority of our support comes from individual donations made by thousands of people across the country…[m]eaning that we have to be constantly evolving to ensure that donors are able to support our important work in the way that’s most convenient […]

The post Greenpeace Now Accepting Bitcoin appeared first on Bitcoin Magazine.

Over the past year, it’s become a lot easier to buy bitcoin, thanks to services such as Coinbase. And thanks to retailers such as Overstock.com and TigerDirect, it’s now a lot easier to to spend them online. But there’s still one big pothole in bitcoin’s bumpy road to mainstream adoption: Your local coffee shop. That’s […]

The post Square Is Making a Register That Takes Bitcoin and Apple Pay appeared first on WIRED.

The backbone of the Bitcoin network is miners and full nodes. We have already seen a decrease in the amount of full nodes over the last 24 months as Bitcoin ASIC miners came on the scene in greater numbers. Bitcoin ASIC miners brought Bitcoin mining to more people as they were lower power than GPU rigs […]

The post Falling Bitcoin Price Is The Perfect Storm for Centralization Of Bitcoin Mining appeared first on CryptoCoinsNews.