Coin News

The market rallied to upside resistance and returned Bitcoin price to $240 (Bitfinex) while BTC-China made a new advance high near 1477 CNY. Later in the day, a steep and persistent drop retraced the entire ending diagonal as CoinCompetition traders cashed in on the whip-sawing price waves. This analysis is provided by xbt.social with a […]

The post Bitcoin Price Rollercoaster For Launch of CoinCompetition appeared first on CryptoCoinsNews.

The global remittance giant Western Union might use the digital currency ripple in a pilot program. Western Union has confirmed it is currently in talks with Ripple Labs, the company behind the digital currency, but details remain scarce. However, if the program comes to fruition, it would be a landmark moment for ripple and the larger digital currency industry. Vice President of Marketing and Communications at Ripple Labs Monica Long did not confirm the details of the project but did add, “In general, financial institutions and networks use Ripple as a technology that powers real-time settlement in any currency to lower the cost of liquidity and compliance. Ripple was created to enable an Internet of Value in which the world […]

The post Western Union Exploring ‘Pilot Settlement Project’ With Ripple Labs appeared first on Bitcoin Magazine.

The global remittance giant Western Union might use the digital currency ripple in a pilot program. Western Union has confirmed it is currently in talks with Ripple Labs, the company behind the digital currency, but details remain scarce. However, if the program comes to fruition, it would be a landmark moment for ripple and the larger digital currency industry. Vice President of Marketing and Communications at Ripple Labs Monica Long did not confirm the details of the project but did add, “In general, financial institutions and networks use Ripple as a technology that powers real-time settlement in any currency to lower the cost of liquidity and compliance. Ripple was created to enable an Internet of Value in which the world […]

The post Western Union Exploring ‘Pilot Settlement Project’ With Ripple Labs appeared first on Bitcoin Magazine.

Newly appointed MIT Digital Currency Initiative director Brian Forde discusses his university's role in "mainstreaming" digital currency.

CoinDesk takes a look at this week's top bitcoin-related headlines.

Tsinghua University PBC School of Finance and Bitcoin exchange Huobi have launched a joint Digital Assets Research Initiative. With this initiative, Tsinghua University joins MIT and technology giants IBM and Samsung as one of the world’s major institutions conducting research and development of blockchain technology, decentralized systems and digital assets. Founded in 1911, Tsinghua University is one of the nine elite Chinese universities, and it is considered the top institution of higher learning in mainland China alongside Peking University. It describes itself as being dedicated to academic excellence, the wellbeing of Chinese society and global development. Often described as “the MIT of China,” Tsinghua was regarded as the top Chinese university by the 2015 Times Higher Education World Reputation Rankings, […]

The post Tsinghua University and Bitcoin Company Huobi Launch Digital Assets Research Initiative appeared first on Bitcoin Magazine.

The Boost VC Tribe 4 graduate Hedgy completed a $1.2 million funding round from investors including Tim Draper, Salesforce CEO Marc Benioff and Sand Hill Ventures. Hedgy, founded in April 2014 is the first Bitcoin startup to create multisig powered smart contracts to protect merchants from the price volatility of bitcoin. Initially, under the project name Coindash, Matt Slater (co-founder and head of trading) and Juan Pineda (co-founder and head of technology) worked together in Boost VC’s bitcoin hackathon to create prototypes of the world’s first programmable smart contracts for derivatives. Using a derivative called “over the counter non-deliverable forward contract,” Hedgy allows two parties to agree on a price of bitcoin that will be traded at in the future. […]

The post Boost VC-backed Bitcoin Smart Contract Startup Hedgy Raises $1.2 million appeared first on Bitcoin Magazine.

Through a partnership with Uruguay-based remittance company, More Money Transfers (MMT), Latin American Bitcoin exchange Bitex.la has 19 agents in Argentina and one in Chile who will now sell bitcoin. Providing services for the non- or underbanked in emerging markets has been regarded as a powerful use case for bitcoin, especially in Argentina. The country’s high inflation and strict economic controls have led many to believe bitcoin as currency and a payment network could succeed there. According to a company spokesman, Bitex.la had that in mind when they were planning the branches. The exchange currently allows people in numerous Latin American countries to buy bitcoin, but that requires a bank account. The new retail stores allow Argentina’s and Chile’s unbanked […]

The post Bitex.la Opens Bitcoin Branches’ in Argentina and Chile appeared first on Bitcoin Magazine.

Spanish Bitcoin company Coinffeine made Bitcoin history when the Spanish startup received investment from the Spanish bank Bankinter through the bank’s venture capital arm, making it one of the world’s first banks to invest  in the novel cryptocurrency ecosystem. Since then, Coinffeine has continued its development work. In December 2014, it unveiled its future P2P Bitcoin […]

The post Coinffeine Offers a Technical Preview Version of its P2P Bitcoin Exchange appeared first on CryptoCoinsNews.

This May, the city of Prague plays host to the Bitcoin Prague Conference. The meet which will take place on May 14th 2015 will bring together key players in the crypto community, and is being billed by the organizers as an opportunity to meet “future business partners, colleagues and adherents.” Some of the topics to […]

The post Bitcoin Conference Comes to Prague This Spring appeared first on CryptoCoinsNews.

The American bitcoin forum for women, Crypto Moms, has celebrated its first anniversary, celebrating success over a year of promoting cryptocurrency. Launched in April 2014, Crypto Moms’ mission is to increase women’s participation in cryptocurrency. The Crypto Moms’ website features a bustling forum, blog posts, and the team runs a Twitter account. Cryptocoins News sat […]

The post Crypto Moms: A Year Of Crypto Gender Equality appeared first on CryptoCoinsNews.

Here's what you need to know today.

Tesla finally unveiled its new product Thursday night in San Francisco, and it's called "Tesla Energy." The company described it as "a suite of batteries for homes, businesses, and utilities fostering a clean energy ecosystem and helping wean the world off fossil fuels."

LinkedIn shares tumbled by up to 19% in pre-market trading after the company reported first quarter earnings results Thursday. Althoguh Q1 revenues beat expectations, LinkedIn’s Q2 guidance of between $670 million and $675 million fell short of forecasts for $717.5 million. The company’s $1.5 billion acquisition of Lynda.com in April will generate up to $25 million in full-year revenue, it said.

April was the euro's strongest month in five years. The currency rose by 1.7% on a trade-weighted basis, and is down about 6.6% year-to-date.

British industrial growth slowed in April. Markit's Purchasing Managers' Index (PMI) for the manufacturing sector came in at just 51.9, a seven month low, versus expectations for 54.6, and down from 54.4 the prior month. 

China's official manufacturing PMI is hovering around stagnation. Its PMI stood at 50.1 in April, just above the neutral 50 mark that separates expansion from contraction.

Japanese core consumer inflation rose for the first time in 10 months, relieving the central bank that's been battling deflation. Core inflation, excluding volatile fresh food prices, rose 2.2% year-on-year in March, logging the first increase since May 2014.

The Atlanta Fed is forecasting very weak US GDP growth in the second quarter. Its forecast model nailed the very weak 0.2% annualized rise in Q1 GDP, and is currently predicting a rise of just 0.9% in the second quarter.

Goldman Sachs is joining the Bitcoin bandwagon. The New York Times reports that Goldman "struck a partnership with a major Chinese investment firm, IDG Capital Partners, to lead a $50 million investment into Circle Internet Financial, a start-up that aims to use the technology underlying Bitcoin to improve consumer payments."

Thousands of Berkshire Hathaway shareholders are in Omaha, Nebraska for the company's annual meeting this weekend. It’s CEO Warren Buffett’s 50th anniversary at the helm of the company, and they’ll be paying rapt attention to everything he says about stocks and the economy.

There’s plenty economic data on tap today. The PMI Manufacturing Index drops at 9:45 a.m. ET, followed by the ISM Manufacturing survey at 10:00 a.m. We’ll also get the latest readings on Consumer Sentiment and Construction Spending at 10:00 a.m. Auto sales data for April will roll in throughout the morning, and the latest oil rig count from Baker Hughes will cross at 1:00 p.m.

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Bitcoin exchange PS Coin will soon change its Internet domain name to LZF.com as part of a rebranding to better reflect its mission. The mission is to incentivize trading in bitcoin markets correctly. Co-founder Daniel Pusateri told CCN that LZF.com stands for Laissez Faire, which means the free market, a market without government interference. At […]

The post PS Coin Acquires New Domain Name To Promote Fair Trading appeared first on CryptoCoinsNews.

The monthly bitcoin trading competition Coincompetition.com started for just a few hours ago. The trader that has managed to earn the most by the end of the month wins 5 bitcoins (among other prizes). You can trade as you do on a normal bitcoin exchange, but you can also boost each trade 10 times on […]

The post Win 5 Bitcoins – The Monthly Bitcoin Trading Competition has Started! appeared first on CryptoCoinsNews.

Ripple Labs CEO Chris Larsen sent the digital currency community buzzing this week when he tweeted that Ripple Labs is working with Western Union on real-time payment settlements. Many view such a partnership as a sign of Western Union’s willingness to become more active in the digital currency space. The partnership also signifies a growing […]

The post Ripple Labs’ Larsen: We’re Partnering With Western Union On Payment Settlements appeared first on CryptoCoinsNews.

Lionsgate Films, the production studio behind titles such as The Hunger Games and The Day After Tomorrow, has partnered with GoCoin.