Coin News

Bitcoin marketplace Brawker has announced that it will shut down citing competition and the increasing workload as the reasons behind the decision.

Bitcoin price is being traded lower in small price steps as buyers eagerly take advantage of new lows, and profit takers fill in the ending of the current wave of decline. After another correction we could see an additional wave of decline. Will it be foreshortened by buying demand or catastrophic due to mass participation? […]

The post Bitcoin Price: More Decline Coming appeared first on CryptoCoinsNews.

Kaspersky Lab has released a new tool to help free computer files 'held hostage' by bitcoin ransomware.

Jon Matonis has joined First Global Credit Board as a non-executive director where he will play an advisory role related to strategic direction, security, due diligence and other matters. First Global Credit is a finance company that focuses exclusively on digital currency products. Its aim is to bridge the gap between bitcoin and fiat currencies through trading services, debt instruments, merchant services and other strategies. In a press statement, Gavin Smith, chief executive and founding director of First Global Credit said, “We are delighted to welcome Jon to the board; we have found we share a mutual vision for both the future of bitcoin and how First Global Credit will fit into that ecosystem. Jon’s comprehensive knowledge and connections within the […]

The post Former Bitcoin Foundation Director Jon Matonis Joins Board of First Global Credit appeared first on Bitcoin Magazine.

The Reserve Bank of Australia (RBA) will not intervene in oversight of digital currencies such as bitcoin at the moment, The Australian Business Review reports. In reply to an Australian Senate inquiry, RBA’s representatives said in their opening statement that the limited use of the currency had no discernible impact on competition or risk to the financial system and that digital currencies represent a potentially important development. “Digital currencies represent an interesting development in the payments and financial system landscape,” the RBA opening statement notes. “The concept of a decentralized ledger is an innovation with potentially broad applications for a modern economy.” The Senate inquiry, which is being run by the Senate Economics Committee, has heard from a number of […]

The post Reserve Bank of Australia Favors Hands-off Approach for Bitcoin Regulation appeared first on Bitcoin Magazine.

Hong Kong-based Bitcoin service provider, Bitspark, has announced a new partnership with California-based Bitcoin security provider BitGo and the closure of the company’s first external funding round. The exchange’s bitcoin reserves will now be protected by multi-signature technology. Bitspark CEO George Harrap, told Bitcoin Magazine the integration has been months in the making. “We approached BitGo some time before Bitstamp was hacked,” he said. The partnership with the Bitcoin security provider could not come at a more important time for the Asian bitcoin industry. In February, China-based crypto-currency exchange, Bter, was hacked, and 7,170 bitcoin (worth $1.75 million at the time) were stolen, causing the exchange to almost shut down. The exchange is now beginning to pay back customers with a loan from […]

The post Hong Kong Exchange BitSpark Implements MultiSig Security, Closes Funding Round appeared first on Bitcoin Magazine.

The Internet Watch Foundation is working with bitcoin companies to prevent digital currency being used to buy online child sexual abuse imagery.

A new fleet of BitXATM machines is set to launch across Canada in the coming months. Quadriga CX, Canada’s largest Bitcoin exchange, has big plans to install their new SumoPro two-way bitcoin ATMs in prime locations across the country. These units will be delivered in batches of five and placed in several major cities including Vancouver, Toronto and Montreal. In 2014, CAVIRTEX attempted a similar rollout of BitAccess bitcoin ATMs, installing them in Gateway Newstands across Canada. The experiment was far from successful, and the company shut down the endeavor a few months later. They ended up selling off their machines at a substantial loss. While the locations gave the CAVIRTEX bitcoin ATMs high visibility, their failure has been attributed […]

The post Quadriga Fintech Solutions to Launch Fleet of New BitXATMs across Canada appeared first on Bitcoin Magazine.

If you use uTorrent for your torrenting needs, there’s a good chance your client is also mining Bitcoin without you even realizing it, and gobbling up your computer’s processing power.

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The owners of some of the most famous luxury hotels in the world, Dorchester Collection, have announced a new online store which will allow people to buy gifts and gift cards at all ten of its global locations using Bitcoin. Dorchester Collection was created in 1996 and is named after one of the most world-renowned […]

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Coinone has become the first bitcoin exchange in South Korea to launch a multi-signature wallet, using BitGo's API. In a statement, Coinone CEO Myunghun Cha said it was time for exchanges to provide the "equal level of safety and control" as multi-sig wallet providers. He continued: "We decided that multi-sig technology from BitGo was the […]

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The short answer is, if you use the Ripple protocol for any purpose, not only can Ripple track you, but they see it as a feature, not a bug. In comments made to the California Assembly last month, Karen Gifford and Chris Larson of Ripple Labs, in essence, threw the baby out but attempted to […]

The post Can Ripple Labs Track You? appeared first on CryptoCoinsNews.

One would think that the police would understand security. After all, security is what they do. But time after time, hackers have been able to not only invade police networks, but then install Cryptolocker or a similar software, and hold the files hostage until the police pay in bitcoins.

The post Tewksbury, Massachusetts Police Latest to Get Cryptolocked appeared first on CryptoCoinsNews.

An engaged core team comprised of some of the most established investors and strategic partners in the cryptocurrency space believe the world needs NeuCoin. The potential for cryptocurrency to go mainstream and transform the world is clear, but NeuCoin wants to take advantage of some of Bitcoin’s biggest weaknesses; namely, its lack of simplicity on […]

The post NeuCoin Teams With Tech’s Top Executives To Bring Cryptocurrency To The Masses appeared first on CryptoCoinsNews.

In a vote consisting of five ayes and one abstention, the Bitcoin Foundation Board has elected lifetime member Bruce Fenton to the position of Executive Director, replacing interim director Patrick Murck who held the position for the five months following Jon Matonis’s resignation. In an announcement posted on Monday afternoon, the Foundation stated that it decided that “in opinion of the board, [Fenton] is the best candidate for the job.” In February of 2015, Fenton lost his bid to win one of the two open Board seats during the general election, finishing in fourth position behind Olivier Janssens, Jim Harper, and Michael Perklin. “Bruce Fenton is a solid leader for individual and industry members,” Board member Elizabeth Ploshay told Bitcoin Magazine. “His experience is […]

The post New Bitcoin Foundation Executive Director Bruce Fenton Shares Vision for Future appeared first on Bitcoin Magazine.