Coin News

Embattled bitcoin mining hardware company Butterfly Labs is back in business, following a federal court ruling on Friday.

Australian Bitcoin startup Living Room of Satoshi has resumed operations following their closure in October. Using the Living Room of Satoshi website, Australians can use bitcoin to pay any bills that utilize BPAY, an Australian electronic payment system. According to the company, the service caught on quickly; the Living Room of Satoshi processed more than […]

The post Bitcoin Bill Pay Company Living Room of Satoshi Resumes Operations appeared first on CryptoCoinsNews.

Overstock is reporting that it expects to complete just $3m in total bitcoin sales for 2014, a figure it said fell below its original estimates.

After hundreds of bitcoins were stolen directly from the online wallets of Blockchain.info, not to be confused with the actual bitcoin blockchain, the website had some funds returned by a white-hat hacker named Johoe. The white-hat hacker noticed a slew of broken addresses and took some of the funds before malicious hackers could grab them […]

The post Blockchain.Info Requests Unsafe Practices; Users Send Passwords in Plain Text through Email appeared first on CryptoCoinsNews.

A lot of folks are buzzing about 17-year-old Stuyvesant High School senior Mohammed "Mo" Islam, who is rumored to have made $72 million from trading.

New York Magazine's Jessica Pressler profiled him in a recent issue.

But a number of folks who know Islam told Business Insider that they strongly believe that the $72 million figure is just a rumor — a rumor that Islam hasn't denied.

In the article, he acknowledged to Pressler over caviar and apple juice that his net worth was in the "high eight figures."

A source familiar with the story told Business Insider that Islam is not worth $72 million. The source believes it's a rumor started by Islam's friends or partners that was perpetuated by the New York Magazine article. 

Pressler has defended the story on Twitter. She claimed she saw a bank statement with the eight figures and is comfortable with what's in the piece. She also noted the story appeared in New York Magazine's "Reasons to Love New York" issue and pointed out the magazine "is not a financial publication."

Business Insider actually featured Islam on our list of the top 20 "Teen Traders Trying To Take Over The Finance World" just over a year ago. He was nominated by his peers, who made no claims about his net worth. 

In a phone interview on Monday, Islam's partner Damir Tulemaganbetov, who was also in the New York Magazine article, noted the $72 million figure was described as a "rumor." 

"Let me put it this way ... it's stated as a rumor," Tulemaganbetov told us when we asked him if he would deny the $72 million figure. He was with Islam in a car headed to CNBC's studios in New Jersey.

"All the hype, [Islam] deserves it," Tulemaganbetov said, adding that he is "pretty sure" Islam is a "a great trader" and a "genius."

Business Insider asked for audited numbers or profit-and-loss statements to prove that Islam's networth is close to $72 million. Tulemaganbetov refused.

Islam himself did not respond to our email this morning requesting the numbers. He also would not get on the phone when Business Insider learned he was riding in the car to CNBC. 

The investment club for young traders, of which Islam is a member, sent Business Insider this statement regarding the $72 million figure:

It has been brought to the attention of the Leaders Investment Club that Mohammed Islam has been rumored to have made $72,000,000 through making trades in the stock market. After performing due diligence and talking with Mohammed Islam himself, we have determined that these claims are false and simply been blown up by the media in the interests of sensationalism.

Islam's partner Tulemaganbetov, however, would not be that clear in his coversation with Business Insider.

"We can't just talk about the numbers. It's not just about the money," Tulemaganbetov said. "We're on the verge of a lot of great things in our lives so we can't just focus on providing you the statements. We're on the verge of a lot of great things. We are going to talk to CNBC."

Again, Business Insider pressed the issue of the P&L statements. 

"All those statements ... that's good for you. We know what we're doing. We're managing this whole hype and everything. We are trying to work with it. We were never expecting it and never denied. You have no proof."

Tulemaganbetov told us that Islam didn't expect all the attention. He just expected a magazine article. 

"The guy became famous all over the world in 24 hours," he said. "He's all over the world. The next thing we wake up and he's famous. This guy is a celebrity all over the world right now." 

Tulemaganbetov told us that they were going to "make it clear on CNBC." 

We'll be watching.

NOW WATCH: Here's The Formula For A Long And Happy Life From A 100-Year-Old Math Teacher

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Though the ink on the OECD proposal is still wet, the ripple effects of BEPS are already starting to make waves for multinational corporations.

Former vice-governor of China's central bank, Wu Xiaoling, has said digital currencies like bitcoin "could co-exist with fiat currencies".

There's a gender gap within the technology sector in the United States, and, if allowed to continue, it can cripple our ability to compete on a global basis.

Swedish-based bitcoin exchange Safello has announced a new banking partnership that will see it add local transfer options for UK customers.

In November MIT undergraduates who signed up for the MIT Bitcoin Project each received the equivalent of $100 in the cryptocurrency. Now that they have it, they are beginning to develop innovative ways to use it, MIT Spectrum reports. The MIT Bitcoin Project has partnered with Institute researchers and professors to study how students use […]

The post MIT Students Are Experimenting with Innovative Bitcoin Applications appeared first on CryptoCoinsNews.

Coinbase just announced that they have taken over Andrew Vilcsak’s iOS app and are making it the official Coinbase iOS App. The news that they are taking over the App is both a good thing and interesting in that they did not develop one in-house. Not too long ago, when Apple allowed Bitcoin and Cryptocurrency […]

The post Coinbase Takes Over Andrew Vilcsak’s iOS App and Makes It Official appeared first on CryptoCoinsNews.

Have you been thinking about your next big career move? Are you on the hunt for a Bitcoin job? If so, we’re here to lend a helping hand. Bitcoin companies are looking for skilled professionals to join their teams, and we’re bringing you new opportunities every week. Take a look at this week’s Bitcoin job listings and start applying. Also read: 10 Bitcoin Job Listings […]

The post 10 Bitcoin Job Openings Heading Into 2015 appeared first on CryptoCoinsNews.

Back in June, the Cambodian English School of Higher Education raised funds in an effort to provide uniforms for its students. Also read: Help NGO Doctors Without Borders To Fight Ebola Using Bitcoin Charity in the Face of Such Theft “This week I have been fundraising online, but I wasn’t asking for dollars, euros or pounds; […]

The post Cambodian Free School Raises Dogecoins appeared first on CryptoCoinsNews.

Back in June, the Cambodian English School of Higher Education raised funds in an effort to provide uniforms for its students. Also read: Help NGO Doctors Without Borders To Fight Ebola Using Bitcoin Charity in the Face of Such Theft “This week I have been fundraising online, but I wasn’t asking for dollars, euros or pounds; […]

The post Cambodian Free School Raises Dogecoins appeared first on CryptoCoinsNews.

Bill payment service Living Room of Satoshi, which closed in October due to Australian tax regulations, is back online.

With the end of the week, it’s time for another Bitcoin News in Review, where we feature some of the top stories of the week here on CryptoCoins News. This week, Microsoft surprised everyone by accepting bitcoin, a security issue in Blockchain.info’s wallet led to the loss of hundreds of bitcoins, HP teased “The Machine,” […]

The post Bitcoin News in Review: Microsoft, Blockchain.info Bug, New York, and More appeared first on CryptoCoinsNews.

This is an interview I did with David Johnston of DApps Fund at Money 20/20 in Las Vegas.  Join us as we discuss Bitcoin and check out what David has planned next!

The post Tatiana chats with DApps Fund David Johnston at Money 20/20. appeared first on Bitcoin Magazine.

Join me as I chat with the Director of “The Bitcoin Doco” and a good friend Dale Dickins.  Dale explains to us why she decided to do documentary on Bitcoin in Australia and gives us insight on what she is doing to spread awareness of Bitcoin around the world!

The post Tatiana interviews Dale Dickins, the Director of the documentary “The Bitcoin Doco” appeared first on Bitcoin Magazine.