Coin News

We’re excited to be continuing our partnership with Inside Bitcoins Conference and Expo, the leading trade show for the fast-growing bitcoin and related cryptocurrency industry, as they launch in Paris in just two weeks! The full schedule for this leading crypto event is now live, and will feature sessions from many industry leaders. See the full roster of speakers here! Nicolas Cary, CEO of Blockchain.info will deliver a morning keynote on November 20 titled, “International Review: Bitcoin Stories from Across the Globe.” The opening keynote on November 21 will be delivered by Bernard Lietaer, Research Fellow, Advisor to Jetcoin Institution, Center for Sustainable Resources of the University of California at Berkeley. Additional Session Topics Include: Using Bitcoin to Achieve Real […]

Kristov Atlas has developed a quick tool called TorBan which can warn of a Bitcoin-over-Tor de-anonymization attack, called the “Luxembourg Attack.” The “Luxembourg Attack,” first described by University of Luxembourg researchers Ivan Pustogarov and Alex Biryukov earlier this year, involves the use of thousands of Bitcoin nodes and a handful of controlled Tor exit nodes to “de-anonymize” […]

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A bitcoin entrepreneur and ‘biohacking’ enthusiast has found an unlikely place to store digital currency – under his skin.

A privacy researcher has created a monitoring tool called TorBan to check for attacks on bitcoin users over Tor.

I met David Duccini (aka Little Duke) at Coins in the Kingdom, where we chatted about Bitcoin scams at a bar with Chris DeRose and Joshua Unseth until 2am. He seemed bright and talked about Ethereum’s trivializing the problem of reputation. This was the first thorough critique I had heard on Ethereum and I followed up with him weeks later to hear more. Duccini is also the Executive Director of the Strength in Numbers Foundation. Ruben Alexander: Could you give a run down of your thoughts on the 2.0 platforms out today? (Bitshares, Ethereum, Counterparty, Mastercoin, and NXT?) David Duccini: I think the 2.0 moniker has really yet to be defined or claimed.  I think much in the same way […]

I met David Duccini (aka Little Duke) at Coins in the Kingdom, where we chatted about Bitcoin scams at a bar with Chris DeRose and Joshua Unseth until 2am. He seemed bright and talked about Ethereum’s trivializing the problem of reputation. This was the first thorough critique I had heard on Ethereum and I followed up with him weeks later to hear more. Duccini is also the Executive Director of the Strength in Numbers Foundation. Ruben Alexander: Could you give a run down of your thoughts on the 2.0 platforms out today? (Bitshares, Ethereum, Counterparty, Mastercoin, and NXT?) David Duccini: I think the 2.0 moniker has really yet to be defined or claimed.  I think much in the same way […]

I met David Duccini (aka Little Duke) at Coins in the Kingdom, where we chatted about Bitcoin scams at a bar with Chris DeRose and Joshua Unseth until 2am. He seemed bright and talked about Ethereum’s trivializing the problem of reputation. This was the first thorough critique I had heard on Ethereum and I followed up with him weeks later to hear more. Duccini is also the Executive Director of the Strength in Numbers Foundation. Ruben Alexander: Could you give a run down of your thoughts on the 2.0 platforms out today? (Bitshares, Ethereum, Counterparty, Mastercoin, and NXT?) David Duccini: I think the 2.0 moniker has really yet to be defined or claimed.  I think much in the same way […]

"I did some analysis a while ago," Raoul Pal said. "[It] was to try and create a valuation framework that gives some value to bitcoin because nobody really knows that it's worth."

Pal, a former global macro fund manager and current author of the Global Macro Investor newsletter, is talking about the bizarre digital cryptocurrency that saw its value surge north of $1,200 a year ago.

"So I said OK well let's assume it's something like gold—There's a finite amount of it," Pal said in an interview with Grant Williams on Real Vision Television. "There's a finite amount that's been mined. The rest is underground. We kind of know how long it's going to take before all the gold is mined or before all the bitcoins. Put them in the same kind of equation we get a value of bitcoin and that value is a million dollars. Now, you'll never hear an analyst say this—but I don't mind this—I could be wrong by 90%, and it's still worth $100,000."

At the time of the interview, bitcoin was trading around $650. Right now, it's at around $364. 

One concern people have about bitcoin is the volatility in price swings. Pal said the volatility is fine. He thinks that the upside is "astronomical" compared to the downside. 

Right now, bitcoin is still in its infancy and it's not going to go away because of the amount of people behind it.

Pal expects central banks will have to regulate bitcoin over time, but that's not a problem.

"What they can't do is destroy it and that's why bitcoin becomes incredibly interesting," he said.

Even though he has a high valuation, Pal doesn't recommend that people put their entire life savings in bitcoin. He suggested treating it like an option contract. 

Buying bitcoin is something Pal strongly believes in, especially because he thinks we are at risk of losing faith in money. He worries about the consequences of central banks are printing too much of it. There's an unfavorable perception that they're "rigging" the system by keeping rates low and buying the bond market.

His suggestion is to avoid the bond market.

Pal also thinks that people should be careful about how they own their gold. Because of the proliferation of derivatives and ETFs, gold is just the collateral to a highly-leveraged "monster." He thinks that it's best to buy physically unencumbered gold instead of paper gold.

Watch the full Real Vision Television interview below: 

SEE ALSO: RAOUL PAL: The Dollar Is On The Brink Of Creating Havoc On The Unprecedented $5-Trillion Carry Trade

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Two-factor authentication is an industry standard pushed widely by the Bitcoin community over the past few years. Most users are pressured to secure their funds and accounts to the maximum degree as it’s their money and their responsibility. Hyprkey is stepping up the industry standard with their biometric tokens based on three-factor authentication. At only […]

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Chabat Mining, a French cloud mining company, offers low cost Litecoin mining contracts. Chabat Mining’s data center is located in Bangalore India where electricity and labor is cheap, thus passing on the savings to customers. Chabat Mining is a unique cloud mining service that offers mining contracts that pay out in Litecoin. Unlike most cloud […]

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Imagine what you would do if you could start your life at the start of the U.S. Dollar? Would you start “Bank of America”, or the New York Stock Exchange? There are people doing just that, right now! These five business ideas should help you get your mind working, and thinking like a future financial […]

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In a brilliant essay on Bitcoin and the promise it holds for a decentralized future (published on the Pirate Party founder Rick Falkvinge’s website), Nozomi Hayase explained the disruptive potential of Bitcoin. Now she further elaborates in a new essay on Falkvinge’s site, and explores how the Bitcoin ecosystem offers a different model of governance […]

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UK Only Article:  standard article Fly Title:  Leaders Rubric:  June 15th 2015 is the 800th anniversary of the Magna Carta, which limited the powers of England’s king and inspired many a constitution. Ludwig Siegele adapts it to cyberspace Byline:  Ludwig Siegele This present charter confirms for us and our heirs in perpetuity, that the internet shall be free and open, and shall have its rights undiminished, and its liberties unimpaired. To all free people of our virtual realm we have also granted, for us and our heirs for ever, all the liberties written out below. No “scutage” or “aid” on data and networks, even in Bitcoin or Dogecoin, may be levied in our realm without its general consent. To obtain the general consent of the digital realm for the assessment of an “aid” or a “scutage”, we will cause the Cardinal of Cupertino, the Archbishop of Armonk, the elders of Herzliya, Tech City, Berlin Mitte and Block 71 as well as all greater tech barons, but not Kim Dotcom, to be summoned individually by encrypted electronic mail. The business appointed for the day shall go ...

UK Only Article:  standard article Fly Title:  Leaders Rubric:  June 15th 2015 is the 800th anniversary of the Magna Carta, which limited the powers of England’s king and inspired many a constitution. Ludwig Siegele adapts it to cyberspace Byline:  Ludwig Siegele This present charter confirms for us and our heirs in perpetuity, that the internet shall be free and open, and shall have its rights undiminished, and its liberties unimpaired. To all free people of our virtual realm we have also granted, for us and our heirs for ever, all the liberties written out below. No “scutage” or “aid” on data and networks, even in Bitcoin or Dogecoin, may be levied in our realm without its general consent. To obtain the general consent of the digital realm for the assessment of an “aid” or a “scutage”, we will cause the Cardinal of Cupertino, the Archbishop of Armonk, the elders of Herzliya, Tech City, Berlin Mitte and Block 71 as well as all greater tech barons, but not Kim Dotcom, to be summoned individually by encrypted electronic mail. The business appointed for the day shall go ...

The deputy governor of New Zealand's central bank has spoken positively of digital currencies like bitcoin.

Martijn Wismeijer, founder of MrBitcoin, a Bitcoin ATM collective, has had two computer chips installed inside of his hands. On these chips, Wismeijer can store Bitcoin address private keys, create alarm clocks, and unlock doors. To inject the chips into his skin, Wismeijer used an xNTi injection kit, which places a chip into his skin […]

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Two months after the successful edition in London, the Inside Bitcoin Conference crypto-meeting  is back in Europe with many prestigious guests featured. The main purpose of this highly anticipated conference is to address the various topics that create the debates in the digital currency ecosystem. Nicolas Cary, Blockchain.info CEO, will provide the opening keynote that will […]

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In this life, you can always spin your view of the world into whatever reality you hope to create. If you spend your days with negative people, who rail against the same things you do, you will create a mutual damnation society if that is indeed your agenda. The World Bank had its annual “Law, […]

The post Debunked Boston University Professor Attacks Bitcoin Again appeared first on CryptoCoinsNews.

The Department of Financial Services superintendent, Benjamin Lawsky, who has been leading the charge in an effort to regulate bitcoin, is reportedly resigning from his position in early 2015. Benjamin Lawsky is perhaps the most powerful person in New York State to be pushing regulation on the bitcoin community. Many are curious as to where […]

The post Bitcoin Regulator Benjamin Lawsky to Resign from NYDFS appeared first on CryptoCoinsNews.

Bitcoin Press Release: btcxe.com have launched a custom Bitcoin news and currency conversion app for Android users worldwide with an iPhone App coming soon. Bitcoin application developers BTCxe.com have announced the launch of their new Android App and iPhone App coming soon – the BTCxe Bitcoin converter; complementing their already popular website www.btcxe.com. The launch of the App, announced this week, marks the first in a planned series of cryptocurrency related applications. BTCxe is described on the website as being “the easiest to use, most intuitive Bitcoin converter people will ever use, and the last one people will ever need.” Developed using Meteor.js and Famo.us frameworks, BTCxe is elegant, responsive, and simple to use. With just a few taps users […]

  Bitcoin Press Release: New shopping platform BitcoinDiscounts.net lists the hottest discounts from merchants accepting Bitcoin preparing both sellers and consumers for the biggest shopping day of the year: Black Friday the 28th of November.  Online Bitcoin market hub and sales listing site BitcoinDiscounts.net helps Bitcoin customers and merchants to prepare for the biggest shopping day of the year; 2014 Black Friday on November the 28th. Recently launched BitcoinDiscounts will feature the hottest deals offered by merchants who accept Bitcoin beginning as early as Thanksgiving morning. Black Friday is an official day of sale that occurs the day after Thanksgiving when merchants offers a variety of products like electronics, apparel, toys and games at their lowest prices of the year. BitcoinDiscounts.net […]