CoinDesk, 1/1/0001 12:00 AM PST Overstock has installed a bitcoin ATM in the lobby of its corporate headquarters to encourage further bitcoin use among employees. |
CryptoCoins News, 1/1/0001 12:00 AM PST As many of you know, Bitcoin Price and Bitcoin Value don’t follow each other perfectly. Yesterday’s Bitcoin Price decline is leveling out as corrective waves are increasing their upward trajectory. The resulting wave pattern is out of character with that seen during the past year. Is the new price action a sign of a trend […] The post Bitcoin Price Decline Levels Out While Bitcoin Value Keeps Rising appeared first on CryptoCoinsNews. |
CoinDesk, 1/1/0001 12:00 AM PST Bitcoin exchange Bitstamp has resumed services after having gone offline following a damaging hot wallet attack earlier this week. The exchange announced today that its website is once again open for business and made note of a host of new services being offered to Bitstamp customers, including the integration of bitcoin security platform BitGo's multi-signature […] |
CryptoCoins News, 1/1/0001 12:00 AM PST Slovenian Bitcoin Exchange Bitstamp is now back online with better security than ever. Bitstamp made waves in the mainstream media over the last several days when it went offline after a confirmed hot wallet breach. Everything started four days ago when Bitstamp informed users that it was no longer honoring deposits made to old deposit addresses […] The post Bitcoin Exchange Bitstamp Is Back Online with Multi-sig Security after Hack appeared first on CryptoCoinsNews. |
The Economist, 1/1/0001 12:00 AM PST Even Satoshi Nakamoto, the elusive creator of bitcoin, admitted that his invention is hard to explain–because there is nothing you can compare it to. Here is how a bitcoin transaction is processed:1) Payers initiate a bitcoin payment using "wallet" software.2) This and other pending transactions are broadcast on the global bitcoin network.3) Once every ten minutes or so, "miners", specialised computers (or groups of computers) on this network, collect a few hundred transactions and combine them in a "block".4) In order to mine a block and validate the transaction, miners compete to solve a difficult mathematical equation (a "hash function"). The miner that solves the equation first further processes the block and broadcasts this "proof-of-work" to the bitcoin network.5) The other miners check the proof-of-work and the validity of the transactions. If they approve, the winning miner gets a reward of 25 newly minted bitcoin (about $6,900 at current prices), which is the incentive for miners to provide computing power. Adjusting the difficulty of the puzzle ensures that the supply of new bitcoins remains steady.6) The mined block is added to the "blockchain", a big, unbreakable ledger that lives on the bitcoin network and serves as a record of all transactions.7) The payee can use his wallet software to see whether the bitcoin have arrived.Dig deeper:Minting bitcoin ... |
CoinDesk, 1/1/0001 12:00 AM PST Bitstamp narrowly avoided losing an additional $1.75m in bitcoin to thieves during its recent hack, according to an independent blockchain analysis. |
CryptoCoins News, 1/1/0001 12:00 AM PST The notoriously difficult Apple App Store approval process has given its blessing to a game that tips users directly in BTC. Ad-supported, Super Mario-style game SaruTobi, which is Japanese for “flying monkey,” lets users earn BTC by playing well or simply by playing a certain amount of time. According to Reddit user bubbasparse, this length […] The post Monkey Flying Bitcoin into iOS Gaming appeared first on CryptoCoinsNews. |
CoinDesk, 1/1/0001 12:00 AM PST A new micro-transactions service that let's consumers tip online publishers in bitcoin launched this month. |
CryptoCoins News, 1/1/0001 12:00 AM PST Bitstamp, one of the largest exchanges for the digital Bitcoin currency, said it would resume trading later on Friday after suspending operations because of a security breach on Sunday, Reuters reports. Damijan Merlak, one of Bitstamp’s two Slovenian founders, told Reuters in an emailed message on Friday: “Trading will resume during the day today.” On […] The post Bitstamp to resume trading later on Friday appeared first on CryptoCoinsNews. |
CryptoCoins News, 1/1/0001 12:00 AM PST German bank Sparkasse is blocking any incoming and outgoing bank transfers related to cryptocurrency since a few days, Cryptoarticles reports. The Anycoin Direct exchange in The Netherlands is unable to fulfill the Bitcoin/other cryptocurrency order immediately when a payment is processed by Sparkasse. Anycoin’s Bram Ceelen told Criptoarticles: “We hate to be forced to work […] The post Sparkasse Bank Blocks All Bitcoin Related Bank Transfers appeared first on CryptoCoinsNews. |
CryptoCoins News, 1/1/0001 12:00 AM PST Cryptocurrency service Providence has launched Pledger Club, a new platform that allows users to sign trustless, electronic agreements using Ripple’s distributed ledger. Also read: Bithalo, Blackhalo, and NightTrader: Revolutionary Smart Contracts Technology Now in Beta Providence Launches Pledger Club, a Cryptographic Signature Platform Unlike more robust smart contracts platforms such as BitHalo, Pledger Club is […] The post Providence Launches Pledger Club, an Electronic Signature Platform Using Ripple appeared first on CryptoCoinsNews. |