Coin News

Bitcoin value maintained a gradually sideways trajectory, today, as a lazy buy signal forms in the 15-minute chart. 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 Value And Price Analysis Time of […]

The post Bitcoin Value Stable Just Below Overhead Resistance appeared first on CryptoCoinsNews.

The Reserve Bank of Australia does not believe that bitcoin should be regulated currently, arguing such action may require international cooperation.

The Bitcoin Foundation board of directors has issued a new statement on the controversy surrounding its current financial situation.

Kentucky Senator and presidential candidate Rand Paul is now accepting campaign donations in bitcoin.

Former Nike CIO and member of the exclusive Fortune 40 Under 40 list Anthony Watson has joined the Bitcoin bank Bitreserve as President and Chief Operating Officer. “I am thrilled to join Bitreserve at such a pivotal moment in the evolution of cloud money and financial technology,” says Watson. “Money is a common language around the world, and Bitreserve democratizes how people access, hold and move value. We have the unique opportunity to craft a lasting legacy of delivering transparency, massive innovation and positive social impact to financial services and in peoples’ everyday lives.” “Anthony will drive Bitreserve’s efforts to inform industry leaders and work with members of the global financial services community to deliver transparency, portability and independence to […]

The post Former Nike CIO Joins Bitreserve appeared first on Bitcoin Magazine.

Bitcoin has been quite the hot property in Australia over the past eighteen months, and it has caught the attention of the nation’s financial regulators, as it has in nations worldwide. In Australia, in particular, Bitcoin is very popular. Just not popular enough to threaten the status quo, according to the nation’s monetary policy regulators. […]

The post Australian Central Bank Rules on Bitcoin Regulation Stance appeared first on CryptoCoinsNews.

Bitcoin devotees and other cryptocurrency fans say that math gives their radical ideas so much potential. But starting a new value system also requires a level of faith in the people using the math. As “shitcoin” scams pile up, it’s becoming clear that new currencies need trust, too. And they don’t have it.

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Self-described serial entrepreneur Toby Hoenisch has been making the rounds this morning, promoting his new start-up, OneBit, which proclaims a radically new paradigm for Bitcoin: the ability to spend it anywhere MasterCard’s PayPass terminals are located.   PayPass is MasterCard’s attempt to get everyday consumers to stop using cash, as their website says: You get […]

The post OneBit App to Enable Bitcoin Wherever MasterCard PayPass is Accepted appeared first on CryptoCoinsNews.

Rand Paul just announced that he's running for president in 2016, and he's pretty flexible about what kinds of donations he'll accept.

His campaign website, headlined "Stand with Rand," allows people to make donations with a credit card, PayPal, or the digital currency bitcoin.

Paul, a libertarian-oriented Republican senator from Kentucky, said in a statement on his updated campaign website on Tuesday that he's running for president "to return our country to the principles of liberty and limited government."

Paul's slogan will reportedly include a vow to "defeat the Washington machine."

But Reuters pointed out on Tuesday that Paul has been contradicting some of the messages he built his image on in order to court donors:

The firebrand who wants to scale back the authority of the Federal Reserve has been quietly courting Wall Street donors. The anti-war agitator who mounted a 13-hour filibuster to call attention to the United States' use of drones recently proposed a boost to military spending.

And the 52-year-old former eye surgeon who harnessed the anti-establishment energy of the Tea Party movement has been raising money for fellow Republicans, at times upsetting the grassroots activists who have made him a national figure.

Also this week, a board member of the Bitcoin Foundation announced that the group is effectively bankrupt. As Arstechnica points out, the foundation is "the closest thing to a public face that the [bitcoin] community has."

(h/t @TheStalwart)

SEE ALSO: What Rand Paul wants you to think about his 2016 campaign

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NOW WATCH: Here's what it takes to be President Obama's right-hand man

Bitcoin storage provider and payment processor Coinapult is back online following a hack-related outage last month.

Over a year ago, CCN writer Rick Mac Gillis interviewed Kerim Chikhi, a representative of Bitmine AG, the Swiss ASIC miner manufacturing company. Even then, customers had been waiting months for refunds since their orders were never fulfilled. Background At the time, Chikhi confirmed the claims of many customers that they had been waiting “1-2 […]

The post Bitcoin Mining Company Bitmine Facing Multiple Lawsuits for Defrauding Customers appeared first on CryptoCoinsNews.

Synereo, which calls itself the world’s first fully-decentralized social network, recently launched a crowdfunding campaign to raise 4 700 bitcoins ($1.2 million). The goal is to have the technology and resources to build a decentralized network and provide a better social network experience. Synereo will reward contributors in AMPs – the network’s own currency which […]

The post Synereo Collapse? Wanted to Raise 4 700 Bitcoins, 173 Bitcoins Raised So Far appeared first on CryptoCoinsNews.

The Bitcoin Foundation board of directors is currently divided on a proposal that would see it split into two separate entities.

According to an internal document obtained by Bitcoin Magazine, the Bitcoin Foundation is considering spitting into two separate organizations. Under this proposal, an entirely new entity would be created to fund core development (the Bitcoin Foundation’s current focus), while a slimmed-down Foundation would continue as a promotional organization supported by its current membership. This pivot would return the Foundation to its original vision in a bid to ensure its survival. The internal document cites the many challenges that the Foundation has faced, including reputational damage, declining membership, and continued operating losses. These hardships are the same ones mentioned by newly-elected Bitcoin Foundation Board Member Olivier Janssens in his controversial weekend post, which claimed that the Foundation was “effectively bankrupt.” However, according […]

The post Developing: Bitcoin Foundation Survival Proposal and Financials Leak appeared first on Bitcoin Magazine.