Coin News

New York-based bitcoin exchange itBit secured 3,000 BTC during the latest USMS bitcoin auction.

The Bitcoin price was traded up to $300 and 1877 CNY today in volatile trade that saw a rapid pull-back from the high. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Not a member?Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis […]

The post Bitcoin Price Hits $300 appeared first on CryptoCoinsNews.

The government's coffers are now 50,000 Bitcoins lighter.

The US Marshals Service announced that its latest bitcoin auction concluded with three separate winning bids.

Ahead of the launch of their own Bitcoin exchange, tech entrepreneurs Cameron and Tyler Winklevoss say the nascent cryptocurrency isn't primed for mass adoption just yet, but it will one day rule the financial world

A "sudden change" to Coinbase's terms of use has led to BetVIP changing bitcoin payments processor.

If you were awake in the last decade and even remotely cognizant of the global financial crisis, you’ve heard the names Goldman Sachs and Morgan Stanley. Goldman was one among many subjects of a holy crusade by Rolling Stone writer Matt Taibbi. Taibbi spent years uncovering evidence of market manipulation and monopolistic practices (not to […]

The post Traditional Bankers Creating Bitcoin Derivatives appeared first on CryptoCoinsNews.

Stealth bitcoin startup 21 Inc, formerly 21e6, has announced new information about its funding history, staff members and investors.

Abine announced the release of Bitcoin Anywhere, a new service that lets users spend bitcoin at all online merchants that accept MasterCard. The service, currently in an invite-only beta, permits funding of a Blur “Masked Card” from a Coinbase wallet. Currently, Bitcoin Anywhere is available only to invited users of Abine’s Blur premium service. Blur Masked Cards are one-time MasterCards created on-the-fly by Abine, which can be used at all online merchants that accept MasterCard, which, in practice, means all online merchants. Masked cards don’t compromise the user’s real name and address and have a built-in limit to avoid hidden charges. “When a user makes a Masked Card, we are issuing a limited-balance, limited-duration credit card for that transaction. When […]

The post Bitcoin Anywhere: A Bitcoin to Credit Card Gateway From Abine and Coinbase appeared first on Bitcoin Magazine.

London, UK March 10th, 2015 Today, Serica and Factom jointly announced a collaboration wherein Serica will leverage the Factom technology to enhance their transparency & auditing strategy, and the Factom Foundation will use Serica as an important part of its asset allocation model. Serica Proof of Audit Serica uses Factom for global custodian auditing Serica’s token transaction transparency strategy focuses on eliminating trust through cryptography. The Factom technology uses the same cryptography behind Bitcoin to mathematically prove the existence of any data it receives by hashing that data and embedding the resultant traces into the Bitcoin blockchain. This creates a provably time-stamped record keeping system capable of maintaining a near real-time, unforgeable audit trail of Serica’s asset inventory reports, published […]

The post Serica + Factom Announce Collaboration appeared first on Bitcoin Magazine.

Instant bitcoin and altcoin exchange ShapeShift has received £525,000 in seed funding from investors Barry Silbert and Roger Ver.

Instant bitcoin and altcoin exchange ShapeShift has received £525,000 in seed funding from investors Barry Silbert and Roger Ver.

BetChain, one of the leading online Bitcoin casinos, has greatly expanded its collection of games with the addition of 152 world-famous BetSoft 3D cinematic games and the incredibly popular Amatic slot and casino games. Since its inception, BetChain.com has been one of the leaders in providing an excellent Bitcoin gambling experience and continues to do […]

The post BetChain Bitcoin Casino Announces Integration with BetSoft Gaming and Amatic Industries appeared first on CryptoCoinsNews.

Financially crippled football club Rangers said it is "committed" to launching an investigation into how £70 million ($106 million) was spent over the past four years under British billionaire Mike Ashley and former owner Craig Whyte.

Only 24 hours after the announcement, Rangers said in a statement to Scottish TV channel STV Sport that it has also suspended Ashley's right hand men Derek Llambias, Barry Leach and Sandy Easdale "pending investigation," while the football club looks where all the money has gone to.

Here is the full statement:

“Rangers Football Club announce today that Derek Llambias, Barry Leach and Sandy Easdale have been suspended from their duties pending an investigation.

“It is also noted that Mr Llambias and Mr Leach, along with Sandy Easdale, have been advised that a resolution to remove them as directors of the company has been received by the company.

“A meeting may be required for this purpose but it is hoped that this will not prove necessary.

“Acting chairman Paul Murray, fellow directors Douglas Park and John Gilligan, and the club’s head of football administration Andrew Dickson have been appointed to the board of the company.”

Ashley's representatives did not reply with a comment to Business Insider by the time of publication.

On March 6, at the Extraordinary General Meeting at Rangers' Ibrox Stadium, major shareholder David King, with a 14.5% stake, seized control of the football club by winning an 85% majority of votes.

He also managed to replace Ashley's right hand men, Llambias and Leach, with Paul Murray and John Gilligan. James Easdale (Sandy Easdale's brother) and Somners left a week before the EGM.

Only 24 hours ago, new director Douglas Park said the club would do a rigorous investigation to what happened at Rangers under the influence of "people who should have never been allowed near Rangers." 

In 2011, Dave Murray sold his 85.3% stake in Rangers to Craig Whyte for just £1.

When Rangers filed for administration in February 2012, Britain's taxman, the HMRC, said there were £9 million in unpaid taxes. Since then, police charged Whyte with fraud for allegedly pretending to Murray that he had the cash to fund his stake in the club.

Meanwhile Ashley, who personally owns 4% of Rangers and an extra 5% he bought through his MASH holdings company, became the second-largest shareholder in the group. While he was stopped by the Scottish Football Association, which cited a "conflict of interest," for increasing his stake to 30% in December last year, his loans to the club gave him greater control over Rangers.

Out of £10 million he loaned the club in January this year, £5 million was used to pay himself back from an earlier £3 million loan. He also installed trusted business partners Llambias, Leach, the Easdale brothers and Derek Somners to the board.

He controlled merchandising and, according to Park, allegedly received "advantageous deals." He also managed to buy the naming rights to Rangers' Ibrox stadium for only £1.

Scottish MPs hoped to question Ashley over this, and a variety of other employment issues related to his £4 billion Sports Direct empire, before parliament dissolves in time for the May general election.

However, Ashley told politicians he was too busy to attend a Westminster hearing.

While Rangers will report its 2014 financial results later this year, its latest full year figures showed it owed its parent company Rangers International Football Club Plc (RIFC) £16.16 million.

Join the conversation about this story »

NOW WATCH: This Video Of The Largest Breakage Of Ice From A Glacier Ever Filmed Is Absolutely Frightening

Every sector of modern Western society has their vocal leader or representative these days. Someone who can inspire their market niche through education, desperation, or superior motivational speaking. A gifted orator who can change the course of many lives through their gift of gab. Religion has Joel Osteen. Motivation and self-improvement have Tony Robbins. Libertarians […]

The post Andreas Antonopoulos Educates the MIT Educated on Bitcoin appeared first on CryptoCoinsNews.

Reddit has announced that its marketplace, RedditMarket, has begun accepting bitcoin. Coinbase will process users' payments on the platform, which sells Reddit-themed merchandise and memorabilia, including a $142 plush toy of the site's mascot, Shoo. Reddit's decision was well-received on Twitter, although some users also questioned whether RedditMarket would ever consider accepting altcoins such as dogecoin. The announcement was […]

Reddit has announced that its marketplace, RedditMarket, has begun accepting bitcoin. Coinbase will process users' payments on the platform, which sells Reddit-themed merchandise and memorabilia, including a $142 plush toy of the site's mascot, Shoo. Reddit's decision was well-received on Twitter, although some users also questioned whether RedditMarket would ever consider accepting altcoins such as dogecoin. The announcement was […]

Reddit has announced that its marketplace, RedditMarket, has begun accepting bitcoin. Coinbase will process users' payments on the platform, which sells Reddit-themed merchandise and memorabilia, including a $142 plush toy of the site's mascot, Shoo. Reddit's decision was well-received on Twitter, although some users also questioned whether RedditMarket would ever consider accepting altcoins such as dogecoin. The announcement was […]

The European Central Bank (ECB) has published a report on virtual currencies that recognizes their dramatic growth in recent years and analyzes some of their dynamics and challenges. Titled “Virtual currency schemes – a further analysis,” the 37-page report points out that virtual currencies have risks. However, it notes that currently, bitcoin is used for […]

The post European Central Bank Report Examines Growth In Virtual Currencies appeared first on CryptoCoinsNews.

Could Bitcoin be Africa's migrant workers saviour?