Coin News

A small energetic bitcoin price wave has developed to the upside in today’s chart. It initially appeared to be an upward correction prior to the next wave down, however, its angle of ascent is more characteristic of advance. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Not […]

The post Bitcoin Price Not Trading Lower appeared first on CryptoCoinsNews.

Overstock CEO Patrick Byrne wants to remake the stock market the same way bitcoin remade money.

The post Overstock Files to Offer Stock That Works Like Bitcoin appeared first on WIRED.

Circle Internet Financial is looking to raise as much as $40m as part of its latest funding round, according to a new report.

Like many other countries, Canada has been wrestling with the issue of whether to regulate digital currencies and, if so, how and to what extent. In it’s February 2014 budget, the Canadian government introduced and passed amendments to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act of 2000, aimed at digital currencies. But after more than a year, the amendments have yet to be published and “proclaimed” before they become law, a necessary last step. And a public consultation paper on the new financial regulations, promised for last summer, has yet to be released, causing some angst, but mostly relief in the Bitcoin community. “The Canadian government has taken a cautious approach to regulating digital currencies,” said digital […]

The post Canada Takes a Careful, Community-driven Approach to Bitcoin Regulation appeared first on Bitcoin Magazine.

Last week, lead Bitcoin developer Gavin Andresen and other Bitcoin Core developers joined the recently established MIT Digital Currency Initiative. This was widely interpreted as an MIT takeover of the roles of leadership, funding and co-ordination of Bitcoin technical development, previously claimed by the Bitcoin Foundation. In parallel, Bitcoin policy think tank Coin Center is claiming the role of interface to policy makers and regulators, with the publication of a framework for state digital currency regulation. The report, titled “State Digital Currency Principles and Framework,” is a model for digital-currency-specific regulations and laws. The report provides a template with structure, definitions and language for the essential components of any digital currency law: ​who must be licensed, how start-ups are encouraged, […]

The post Coin Center Issues a Flexible Template for Bitcoin Regulation appeared first on Bitcoin Magazine.

the Boost VC-backed Bitcoin startup Lawnmower tracks purchases on a user’s account, rounds them up to the nearest dollar to create spare change, and uses the change to purchase bitcoin on behalf of the user. The bitcoin purchased by Lawnmower will be deposited to a Bitcoin wallet of a user’s choice. The minimum threshold for bitcoin deposit currently stands at $4, meaning that the accumulated spare change of the transactions must be at least $4 before bitcoins can be purchased by Lawnmower. For example, if a user buys a cup of coffee and a bagel at a local coffee shop worth $7.10, then 90 cents will be categorized as spare change and will be used to purchase bitcoin after the accumulated spare change […]

The post Lawnmower Invests Users’ Spare Change to Purchase Bitcoin appeared first on Bitcoin Magazine.

Let’s ask a tough question: Will Hillary Clinton become president of the United States in 2016? If you had people “bet” on the topic, and monetarily rewarded the ones who guessed correctly, you can actually get a good idea whether Hillary Clinton will become the head of state. A better idea, in fact, than virtually any alleged “expert” could give you. It would work as follows: A market would be opened in which possible answers to the question (yes or no) are “stocks” that cost anywhere from 1 cent to $1. Automatically, the market price of the “yes” and “no” would reflect the possibility of Clinton’s election. So if a share of “yes, Clinton will be elected” costs 63 cents, then […]

The post Augur Answers Tough Questions with its Blockchain-based Prediction Markets appeared first on Bitcoin Magazine.

PALO ALTO, CALIFORNIA & CALGARY, ALBERTA – APRIL 27, 2015 – Cryptocurrency risk management and payment processing specialist Vogogo Inc. announced the winner of Brand Me Crypto, an initiative, conceptualized and sponsored by the company, its aim, to have global members of the crypto and creative community create an iconic brand to represent Cryptocurrency. “Cryptocurrency is arguably one of the most compelling new technologies of our time and is quickly making its way into the mainstream.” said Chantel Meeley, Head of Marketing and Creative at Vogogo. “Cryptocurrency however isn’t just represented by Bitcoin. While Bitcoin has gained the greatest traction to date, there are numerous Crypto Coins in existence. Creative teams involved in the entire industry which try to visually […]

The post Winner of ‘Brand me Crypto’ Campaign Announced appeared first on Bitcoin Magazine.

Entrepreneur and artist Stephan Vogler wants to change the art world, and he is using Bitcoin to do just that in what’s considered by many to be the epicenter of contemporary art, Berlin, Germany. Vogler’s novel block chain technology inspired license seeks to change how art is purchased and traded. By creating a system of […]

The post Digital Artwork Becomes Tradeable & Scarce On The Bitcoin Block Chain appeared first on CryptoCoinsNews.

Bitcoin Conference is going to make a mash on Europe. Meet the conference dedicated to the currency of the future in Prague! Everyone has heard about a mysterious currency Bitcoin, but maybe not everyone knows where and what you can spend it on. The world we live in does not tolerate inertness; it is in a constant process of movement and change. One of the tools changing the image of modernity is digital currencies, in particular Bitcoin. What is Bitcoin Conference? A thematic conference devoted to “the currency of the future”, Bitcoin Conference, which was held in 2014 in such cities as Moscow, St. Petersburg and Kiev raises awareness of what is Bitcoin and how to earn on it. Bitcoin […]

The post Bitcoin Conference Prague Planned for May 2015 appeared first on Bitcoin Magazine.

Haasbot 2.2 introduces a host of new and innovative features to cryptocurrency trading automation, such as candlestick pattern recognition, new insurance types that automatically determine market conditions, adding a deviation offset to all indicators, Master Indicator feature, a completely redesigned marketview page, intregration with OKCoin, BTCChina, Coinbase, 14 new technical analysis indicators, and the introduction […]

The post Haasbot 2.2 Pushes the Boundaries of Cryptocurrency Trading Automation Innovation appeared first on CryptoCoinsNews.

A defunct Russian bitcoin exchange has released its source code to the bitcoin community amid the country's increasing crackdown on digital currency.

Patrick Murck, until very recently, the Executive Director of the Bitcoin Foundation, where he has served as General Counsel and continues to advise as it undergoes its recent changes. Though we chatted during and after the DevCore event, it was not until the after-party, where I managed to get some quiet time with him for […]

The post Post Bitcoin DevCore: Exclusive Interview With Patrick Murck appeared first on CryptoCoinsNews.

Liberland’s President Vít Jedlička is heading out on a diplomatic mission this week to speak with neighboring countries in an effort to increase legitimacy and build rapport. From an official press release released by his office: … April 27th 2015 in 09:00 AM, President of Liberland Vít Jedlička shall visit Croatia Embassy in Prague (V […]

The post President of Bitcoin-Supporting State Liberland Heading Out on Diplomatic Mission appeared first on CryptoCoinsNews.

 The bitcoin-watching news service CoinDesk recently released its first quarter look into the cryptocurrency’s performance during the opening months of 2015. Mostly the data is net positive, showing an increase in total wallets, and investment. However, there are a number of included data points that demonstrate slowing growth in key bitcoin, and bitcoin-related areas. The collected… Read More

The world’s newest microcountry wants to become its foremost tax haven.

Liberland, which sits on 2.7 square miles of land along the Danube River between Serbia and Croatia, was founded earlier this month and plans to have only voluntary taxes.

"We don’t want the state to take money from the people," Vít Jedlička, a native of Prague and Liberland's new president, told Business Insider in a phone interview. "We want to have voluntary taxes."

Elected into office by a three-person committee, Jedlička says he started Liberland to “turn the concept of a state upside down.”

After working as a financial analyst in the Czech Republic, Jedlička became motivated by ever-increasing taxes and regulations to claim a plot of land that neither Serbia nor Croatia already have.

Residents and visitors of the new country will be allowed to use any money of their choice, including crypto currencies like Bitcoin, to buy and sell goods and complete other transactions within Liberland.

"People will not be bound to any currency," Jedlička told us.

Jedlička says he has already been approached with offers to set up currency and stock exchanges, both of which would be virtual in the mold of Nasdaq.

The only functions of government will be to defend the republic, which will be a representative democracy, and to maintain law and order, according to Jedlička, who's a Libertarian.

"These two things we consider the most important roles of the state," he said, adding that drugs will be illegal "to maintain good relations with neighboring countries."

There will be no social welfare programs like healthcare and pensions, and the government will not be allowed to run with a deficit. Any law can be vetoed by referendum.

Right now, the plot of land is largely undeveloped but Jedlička insists that multiple architects have contacted him about planning the infrastructure and buildings of Liberland.

"There are already some architecture proposals," Jedlička said. "It’s crazy."

Initial build-out would be funded through investments, which Jedlička insists are pouring in, and basic services like roads and utilities would eventually be privately funded.

The microcountry will thrive even if none of its residents volunteer to pay taxes because of the investments that are coming in from "all over the world, everywhere," according to Jedlička.

"We will have so much money that we will not know how to spend it," he added.

More than 260,000 people have already applied for citizenship in the fledgling republic, Jedlička said. The initial wave of citizens will be selected based on how they can help build the country.

There is no cap to how many people can "live and let live," the country's motto, within its borders. He is not concerned about a lack of space.

"I don’t think there is any reasonable limit. It depends on how much money there is," he said. "We can just build taller buildings. Look at Hong Kong."

For now, a team of seven people has joined Jedlička in sifting through emails and other correspondence from people seeking to relocate to Liberland.

First preference goes to businesses or wealthy people who "feel threatened by regulations imposed on them," he said.

"Economic freedom makes the country work, we see that around the world," he continued.

"Now we are doing it for real."

Jedlička brushed aside concerns Serbia or Croatia might disagree with his claim to the land or want to take over the territory — the way China acquired Hong Kong — should it become successful.

"We are a nation, now, that will be an attack on a sovereign nation," he said.

Neither Croatia nor Serbia has responded to a letter declaring Liberland's independence, he admitted. But the country's first diplomatic missions to its neighbors will occur in the coming weeks.

"We hope to bring a lot of prosperity to the region and good relations with our neighbors," he said. 

The city-state might seem tiny, but it's bigger than Monaco — which is less than one square mile.

“It’s a really nice piece of land in the shape of a heart,” Jedlička said, referring to his new country. “Nice river and sunny beaches. It’s also a nice place to set up a tax haven."

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