Coin News

Recently I wrote a news piece that reported that Uber had begun accepting Bitcoin payments. Although I gave myself enough room to later back away from the statement, sure to clarify that I hadn't confirmed this with Uber themselves yet, there is still a certain guilt that comes with being wrong about something. The whole community was misinformed by either a liar, someone having fun, or an Uber support agent. Whichever the case, sitting on the story and following up with Uber first would have been the way to go. As it turns out, Uber is not accepting Bitcoin payments […]

The post On The (Un)Importance of Merchant Bitcoin Adoption appeared first on CCN: Financial Bitcoin News.

A secretive hacking group known as Wild Neutron has targeted a range of businesses worldwide including bitcoin companies.

Naysayers have been kicking themselves in the pants the past few days as the price of Litecoin has shot up from historic lows and is now pushing towards $10 per coin. Renewed interest in one of the oldest, most successful alternative cryptocurrencies has driven buy pressure likely added to by an upcoming halving of the block reward, meaning a reduction in new coins introduced into the economy. The halving of the block reward is the most likely explanation, although there would have remained a high number of cheaper sell orders on the market from previous mining. (Editor's input: It might […]

The post Litecoin Rising: More Than 200% Gains in a few Days appeared first on CCN: Financial Bitcoin News.

Naysayers have been kicking themselves in the pants the past few days as the price of Litecoin has shot up from historic lows and is now pushing towards $10 per coin. Renewed interest in one of the oldest, most successful alternative cryptocurrencies has driven buy pressure likely added to by an upcoming halving of the block reward, meaning a reduction in new coins introduced into the economy. The halving of the block reward is the most likely explanation, although there would have remained a high number of cheaper sell orders on the market from previous mining. (Editor's input: It might […]

The post Litecoin Rising: More Than 200% Gains in a few Days appeared first on CCN: Financial Bitcoin News.

Seven bitcoin businesses have drafted a letter to California lawmakers following the state's most recent update to its proposed industry regulation.

 TCBTC, TechCrunch’s premier bitcoin podcast, is back. After a brief hiatus, John Biggs and myself are here to make a yet another hash out of bitcoin. Biggs is in Poland, making this among our first multi-continent shows. (We’ll be back in the TechCrunch studio live, on video, in about a month. But for now, we’re Skypin’.) We hit on the block size debate, Greece and… Read More

In a statement released today by BitFury Group, the company announced that it had raised an additional $20 million from investors including DRW Venture Capital, iTech Capital, and Georgian Co-Investment Fund. The company expects to use the money to accelerate growth and continue develop next-generation chips beyond the recently launched energy-efficient 28 nanometer chip. There has been a significant amount of venture money moving into mining and infrastructure companies. With this $20 million, BitFury remains the most financed company, having raised two other $20 million rounds over the past three years. This funding brings total funds to $60 million, which is $31 million more than KncMiner. This brings total infrastructure investment to $116.5 million. “By supporting BitFury’s efforts in this […]

The post Mining Titan BitFury Raises $20 Million to Continue Rapid Market Share Grab appeared first on Bitcoin Magazine.

 Michael Casey, the co-author of The Age Of Cryptocurrency is leaving a senior columnist position at the Wall Street Journal to work at MIT Media Lab as Senior Advisor at the Digital Currency Initiative. Why? “This was just too exciting an opportunity to pass up,” he said. “I sincerely believe that this is one of those moments in which a new technological platform has the… Read More

BitFury, the best capitalised mining firm in bitcoin, today announced it has raised a further $20m in funding.

OKWave, the largest Q&A site in Japan with more than 40 million monthly visitors, has announced that the company will integrate bitcoin to allow its users to either tip each other or incentivize its users using bitcoin. OKWave’s blogpost read, “Until now, you could only leave thanks in the comments under your favourite answers, now you can send your gratitude with bitcoin.” The company uploaded a screenshot of the tipping program that has implemented a voting system like Reddit, in which users can up-vote and down-vote content and get paid in bitcoin for highly rated content. The tipping system itself is very similar to the recently launched Taringa! Creadores, a tipping initiative developed by Argentina’s largest social media platform Taringa!, […]

The post Popular Japanese Q&A Site OKWave to Integrate Bitcoin Tipping Across Platform appeared first on Bitcoin Magazine.

As early as 2013 Twitter, Facebook, Apple and Microsoft reported they had been compromised by a zero day Java exploit. Symantec believes they have identified a group of corporate spies responsible for the hacks and linked them to many more high-profile crimes. The team of hackers has a suite of internally developed tools at their disposal and uses working knowledge of an organization to target specific data.

The post Corporate Spies Hack Billion Dollar Corporations appeared first on CCN: Financial Bitcoin News.

Perhaps a blockchain-based parallel currency could provide a solution to the Greek crisis and be an alternative for Greece, Forbes reports. Lee Gibson-Grant, founder of U.K.-based digital currency consultancy Coinstructors, recently met with the Mayor of Agistri, an island in Saronic Gulf with a population of around a thousand people. The Mayor has agreed to start testing blockchain technology solutions in the island. The single ATM on Agistri ran out money last week. The project is related to the Drachmae project covered by Bitcon Magazine in May. Proposed by CNBC contributor Brian Kelly, the author of “The Bitcoin Big Bang: How Alternative Currencies Are About to Change the World,” Drachmae is intended as a quick and simple bitcoin-like solution for […]

The post As Grexit Looms, Greek Island Begins Testing Blockchain-Based Parallel Currency appeared first on Bitcoin Magazine.

HotelGo24.com, a newly launched online hotel booking platform, is beginning to offer a 5 percent bitcoin cashback service starting this summer. On the hotel booking portal, users can book hotel rooms with credit cards including Visa and Mastercard at more than 130,000 hotels across 198 countries. The twist however, is that the company has decided to match the needs of cryptocurrency and bitcoin enthusiasts by offering 5 percent cashback per booking using bitcoin. A user can simply complete a reservation, confirm and receive 5 percent of his or her fees in bitcoin seven days after checking out from the booked hotel. HotelGo24.com’s official announcement read, “Bitcoin cash back is send within 7 days of user check-out from the booked hotel. […]

The post HotelGo24.com Pays Users 5% Cashback with Bitcoin appeared first on Bitcoin Magazine.

Two London-based firms, Crypto Facilities and Elliptic, have joined forces to provide a settlement and clearing mechanism to separate bitcoin custody from other exchange functions. The settlement and clearing mechanism marks another step in bringing bitcoin to capital markets. Crypto Facilities is a bitcoin derivative exchange while Elliptic is a bitcoin analytics and security firm. Crypto Facilities will host client accounts in Elliptic’s secure, KPMG-accredited vaults. Under this arrangement, Crypto Facilities accounts are fully insured by an A-rated, Fortune 100 underwriter. Each client will own their own segregated, ring-fenced account that is settled daily on the block chain. The client […]

The post Crypto Facilities Teams Up With Elliptic Bringing Bitcoin to Capital Markets appeared first on CCN: Financial Bitcoin News.

Speaking at WIRED Money, Jonathan Vaux, executive director of new digital payments and strategy at Visa Europe said bitcoin has a future in payments.

Former Wall Street Journal reporter Michael Casey has been appointed senior advisor of MIT Media Lab's Digital Currency Initiative to help raise bitcoin awareness. The journalist, known for his work with Paul Vigna on The Age of Cryptocurrency and their regular WSJ column BitBeat – which covered developments in the crypto space – will take up his post at the beginning of […]

Bitwala, the Netherlands-based bitcoin payment service, has introduced a bitcoin email payment service called EmailPay. Registered users only need an email address to send a bitcoin payment using the service. Bitwala, which debuted about three months ago, settles payments in EUR in the European Commission’s Single Euro Payments Area (SEPA). To pay using EmailPay, the user only needs the email address of the recipient and the amount of money they wish to send. Users have to pay Bitwala’s 0.5 percent transaction fee. They can send payments up to whatever amount they are authorized. Fully-registered Bitwala users can transfer up to […]

The post Bitcoin Email Payment Comes To Europe appeared first on CCN: Financial Bitcoin News.

The Government of Jersey has opened a consultation period to explore the possibility of regulating virtual currencies such as bitcoin.

Bitcoin price is midway between this week's earlier high and yesterday corrective low. Currently hovering around $267 and 1672 CNY for most of the Asia-Pacific session, the European and US sessions may generate more movement. Yesterday, we outlined a few scenarios for the coming weeks and today's analysis tries to find the immediate direction from a 4-hour chart assessment. 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 Price Analysis Time of analysis: 05h33 UTC Bitfinex 4-Hour Chart […]

The post Bitcoin Price Direction Uncertain appeared first on CCN: Financial Bitcoin News.

In a semiconductor technology breakthrough reported by several news sources in the last few hours, an alliance led by IBM Research has produced the first 7-nanometer node test chips with functional transistors.

The post IBM Develops Ultra-Fast 7-Nanometer Chip Technology appeared first on CCN: Financial Bitcoin News.

Two London bitcoin startups have unveiled a new system that "ring-fences" customer funds from other operations.