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If there was a worse platform to host a heated debate on, CNN certainly is actively trying to find it. Twitter may be a great place for real-time updates and short quips, but a grand platform for discussion it is not. Kicking the panel off was Jeffrey Robinson, author of the book “Bitcon: The Naked […]

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American cloud mining company GAW Miners has launched its new altcoin, paycoin.

Benjamin Lawsky, the aggressive New York Superintendent of Financial Services has been focused on developing smart regulations for virtual currencies.

The state's banking regulator says it will soften proposed rules for virtual currencies

The Ukrainian chapter of the Bitcoin Foundation has given its opinion on a central bank statement concerning the legal status of bitcoin.

San Francisco-based Bitcoin exchange, Kraken, experienced unexpected downtime today due to a Distributed Denial of Service (DDoS) attack on their site. Whether or not the attack was malicious or due to a recent influx of users is unknown. According to the Kraken support account on Reddit, the company was working to resolve the issue only […]

The post Kraken Says DDoS Attack Took Bitcoin Exchange Offline appeared first on CryptoCoinsNews.

CNN plans to host a Twitter live chat on their handle @CNNTech today to debate the future of Bitcoin. To promote the event, CNN has continued to run the headline “Is Bitcoin Over?” in response to the quickly dropping bitcoin price over the past year. The dropping price is normally seen as an indicator of […]

The post CNN To Talk Bitcoin Today on Twitter After Running Headline ‘Is Bitcoin Over?’ appeared first on CryptoCoinsNews.

The Cayman Islands, a British Overseas Territory in the western Caribbean Sea and a major world offshore financial center, are betting on new financial technologies based on the Bitcoin blockchain, Cayman Compass reports. A new company, Latitude, which provides seed capital and mentorship programs to tech ventures could potentially bring dozens of cutting-edge startup companies […]

The post Bitcoin Fintech Accelerator to Open in Cayman Islands appeared first on CryptoCoinsNews.

Stocks are soaring again.

In early trade Thursday, the Dow was up 265 points, the S&P 500 was up 32 points, and the Nasdaq was up 75 points.

The rally in stocks comes after the S&P 500 on Wednesday had its best day of the year. That came after the Federal Reserve's latest policy announcement, which saw the Fed say it would be "patient" in raising interest rates.

Earlier Thursday, we got initial jobless claims data that beat expectations.

Initial jobless claims fell to 289,000 from last week's 295,000, which was expected by economists. 

Also Thursday, we got the flash reading on service sector activity from Markit Economics, which fell to 53.6 from 56.2 in November. Any reading over 50 indicates growth, though Thursday's number suggests the slowest rate of service sector expansion since October 2013.

The latest manufacturing reading from the Philadelphia Federal Reserve came in at 24.5, below expectations and well off November's blowout 40.8 reading, which was a 21-year high.

Stocks have had a rocky December, though many expected stocks to rally into the end of the year as part of the so-called "Santa Claus Rally."

And so maybe Santa is here now.

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

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As we have noted here previously, Ethereum will be releasing a comprehensive but not backward compatible upgrade to the blockchain as implemented for Bitcoin. Similar efforts are happening with Counterparty, who intend to provide an upgrade in place. Concealing transactions are a key feature for both of these efforts. One team is skipping ahead with […]

The post Illuminating Shadow Cash appeared first on CryptoCoinsNews.

Japanese payments giant GMO Media is now offering rewards scheme payouts in bitcoin via a new partnership with bitFlyer.

Damage was done to the charts today. These pages have been speculating/forecasting a $316 low for the past two weeks. $316 was broken today, hitting $305 as of this writing. We continue to believe that 12/22 is the most likely date of the low. 12/22 is still four days away. A lot can happen in […]

The post Bitcoin Panic Selling Today appeared first on CryptoCoinsNews.

 Got some Bitcoin burning a hole in your virtual wallet? There’s an online marketplace for that… U.K.-based BTXDeals.com has just launched an e-tail website where sellers are offering goods and services to buy with Bitcoin. Read More

Recently, Washington Post writer Henry Farrell took the opportunity to declare a bleak future for Bitcoin, but more specifically its revolutionary transaction network. His article “Bitcoin’s financial network is doomed” was responding to an article in Vox where the author proclaims that despite the adoption difficulties of Bitcoin as a currency, the long-term success of […]

The post The End of Bitcoin is Always Nigh for Traditionalists appeared first on CryptoCoinsNews.

Bitcoin supporter Overstock.com, led by long-time Bitcoin supporter CEO Patrick Byrne, are projecting three million US Dollars in overall sales for merchandise purchased with Bitcoin for 2014. The amount is a marked drop from the fast start projections Overstock claimed early on, based on the initial flurry of Bitcoin activity the once-largest Bitcoin merchant experienced […]

The post Overstock to Pass $3 Million USD in Bitcoin Sales in 2014 appeared first on CryptoCoinsNews.

The Russian Ruble continues its tumble against the US Dollar, losing over 50% of its value in 2014, and more than 11% on Tuesday alone. This one-day loss was the biggest in over 15 years. These issues has led to many well-to-do Russians investing in the future of Bitcoin over their fiat currency to stem […]

The post Indicators show Russians Trading Rubles for BTC appeared first on CryptoCoinsNews.

PeerNova, a software and hardware vendor formed via an April 2014 merger of Cloudhashing and Highbitcoin, has just raised $8.6 million to fund their expansion in 2015. This Silicon Valley based company is focused on bringing blockchain technology to enterprise customers, offering software for what it calls registry duty, the ledger function of the blockchain, […]

The post PeerNova Raises $8.6 Million to Utilize Blockchain in Applications appeared first on CryptoCoinsNews.