Coin News

2015 might be the year of the Bitcoin start-up 21 Inc. The record-holder for the most well-financed Bitcoin company in history, 21 Inc.’s $116 million venture capital treasure chest is now starting to bear fruit. Today, 21 Inc. has released plans for their new and revolutionary Bitcoin mining chip called the 21 BitShare, according to […]

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21 Inc released new details today confirming that its market strategy will focus on distributing bitcoin mining chips embedded in consumer devices.

African Bitcoin startup BitPesa launched its remittance service in Tanzania today. The service previously was available only in Kenya, where the company is headquartered. It hopes to undercut the fees charged by incumbents’ remittance services. BitPesa launched its international money transfer in Kenya last year with the goal of expanding the service to the rest of Africa, something the company has slowly been working toward. Besides its remittance product, the company operates an exchange in Kenya and Ghana but Tanzania is the first country the startup has expanded its international money transfer service into. Like Kenya, Tanzania is a mobile money hotspot and an ideal country for BitPesa. The nation has a population of more than 43 million people, and, […]

The post African Bitcoin Remittance Service BitPesa Expands to Tanzania appeared first on Bitcoin Magazine.

Texas-based startup Harborly launched its Bitcoin retail service in the United States today. Harborly, which was already operational in Canada, will be the first U.S. bitcoin-buying service to offer users the ability to lock their bitcoin to a fixed U.S. dollar exchange rate when it launches the feature in June. Harborly, founded by computer programmers Connor Black and Gabriel Ferrin, will charge a one percent fee plus a 25-cent bank fee for bitcoin purchases. At launch, the retailer will be accessible to residents of Texas and California, but the startup plans on expanding to nine additional states in upcoming months. The startup claims to have a close relationship with its U.S. banking partner, but said it was not at liberty […]

The post Bitcoin Retailer Harborly Launches in the US and Gears Up For India Expansion appeared first on Bitcoin Magazine.

Apparent price breakouts are occurring with greater frequency as the Bitcoin price chart is shunted this way and that by concentrated forces inside a narrow consolidation channel. The bears are convinced price is about to drop to the floor. The bulls are stacking orders for a spectacular rally. Best to buy one ticket for each […]

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On May 9, an international group of hackers launched distributed denial of service (DDoS) attacks on two of the largest financial institutions in Hong Kong. Hong Kong police confirmed that they have received reports from the Bank of China and the Bank of East Asia claiming that the hackers demanded payments in bitcoin. “The two institutions later received emails demanding payments in bitcoins, or there would be another round of attacks,” a spokesman said. According to The Standard Hong Kong, the hackers overwhelmed the websites of the two banks with traffic from multiple sources, causing irregular spikes in Internet traffic and forcing some of the websites’ resources to be unavailable. However, both banks stressed that none of its data and […]

The post Hong Kong Banks Targeted By DDOS Attacks, Bitcoin Payout Demanded appeared first on Bitcoin Magazine.

Bitcoin Shop Inc. has invested $1.5 million in Spondoolies-Tech Ltd., an Israel-based bitcoin mining company. The investment follows the announcement that BTCS and Spondoolies plan to merge. The investment marks the first step of the merger. The two companies will create the first publicly-traded company to produce bitcoin transaction verification equipment. It will also deploy […]

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Two weeks ago XBT Provider AB announced the authorization of Bitcoin Tracker One, the first Bitcoin-based security available on a regulated exchange. Today, Bitcoin Tracker One started trading on Nasdaq Stockholm. “NASDAQ OMX Stockholm decides to officially list 1 Exchange Traded Note issued by XBT Provider AB with effect from 2015-05-18,” announced XBT Provider AB on Friday. “We are proud to offer the world’s first “Bitcoin tracker” to be traded on a regulated exchange,” states the XBT Provider website. “By enabling this easy and secure way to invest in Bitcoin we hope to have eliminated the boundaries that earlier prevented individuals and companies from being able to actively invest in what we believe to be the future of money.” “The […]

The post Bitcoin Tracker One ETN Starts Trading on Nasdaq Stockholm appeared first on Bitcoin Magazine.

An international undercover investigation that tracked the illegal selling of firearms on a dark web site has resulted in a series of global arrests.

 Today we’re thrilled to offer an exclusive excerpt from Nathaniel Popper’s Digital Gold: Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money, the definitive book about bitcoin. In this chapter we learn, in detail, the secrets behind the mysterious 21.co. Originally called 21e6, the company grew out of a Stanford dorm room to become one of the… Read More

The Middle East's oil cartel OPEC has declared war on the US's shale gas industry as new data from Saudi Arabia shows that the country is committing considerable firepower to the battle.

Saudi Arabian oil exports reached their highest level in 12 years in March, while production was at record levels.

The equivalent of 7.89 million barrels a day were sold overseas by the Kingdom in March, up from 7.32 million in February and 10% higher than a year earlier.

The Kingdom produced 10.29 million barrels of oil per day in March, according to the Joint Organisations Data Initiative (JODI). That was more than any other nation in the world.  

Saudi Arabia and other OPEC nations are trying to cripple the US's shale gas industry by flooding the market with oil and driving down prices to unsustainable levels for the many small operators. So far the tactic seems to be working, with the oil rig count in the US crashing.

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NOW WATCH: Apple sneaked in an annoying new feature in its latest iPhone iOS update — but there's also an upside

Monday morning was another watershed moment in Bitcoin history as the digital currency broke new ground in Sweden. Finansinspektionen, Sweden’s controlling authority for finance, gave permissions for Stockholm’s own Bitcoin-based tracker XBT Provider to be released in a public launch last month on the Nasdaq Stockholm exchange. Trading on the exchange began this morning. World’s […]

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Three crypto startups have been selected to join Startupbootcamp (SBC), Singapore's FinTech accelerator program. Decentralised peer-to-peer marketplace DeBuNe; blockchain equity issuer Otonomos; and bitcoin wallet provider Cryptosigma will join seven other startups in the three-month programme. SBC will give each of the participating startups approximately $18,000 in funding, free office space, mentorship and access to a network of angel […]

DigitalBTC, an Australia-based digital payments company, has agreed to form a joint venture company (JVC) to distribute and market a remittance product, AirPocket. The beta launch will begin in the second quarter of this year. DigitalBTC, which is trading on the Australian Securities Exchange as Digital DC Limited, described AirPocket as a disruptive new technology […]

The post Australia’s DigitalBTC To Launch Disruptive Technology For U.S.-To-Latin America Remittance Market appeared first on CryptoCoinsNews.

Recently, I ran across this very interesting distribution table on Quora that made me reminisce about the old days of Occupy Wall Street. We are the 99%, right? Maybe in more ways than one, as the table would go on to show. It makes it all seem very clear to me that the more things […]

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