Coin News

Perhaps the most important role in security research is breaking security, and that's what the researchers at Tel Aviv University's Laboratory for Experimental Information Security are up to with their recent forays into electromagnetic attacks.

The post Israeli Security Lab Using Electromagnetic Waves to Extract Private Keys appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Many people don't care about Dogecoin. What a joke, right? It was started as a joke, after all. The way the people communicate is such a joke – sorry, such joke, very silly. These things might be true, but here's something else that's true: Dogecoin has consistently been in the top ten market capitalizations for cryptocurrencies, and since its initial highs in March last year, it's been relatively stable in terms of both market capitalization and value. The value we're referring to could be very low, but with high inflation comes easier access to the coins. Many of its holders […]

The post Dogecoin: The Most Stable Cryptocurrency? appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Many people don't care about Dogecoin. What a joke, right? It was started as a joke, after all. The way the people communicate is such a joke – sorry, such joke, very silly. These things might be true, but here's something else that's true: Dogecoin has consistently been in the top ten market capitalizations for cryptocurrencies, and since its initial highs in March last year, it's been relatively stable in terms of both market capitalization and value. The value we're referring to could be very low, but with high inflation comes easier access to the coins. Many of its holders […]

The post Dogecoin: The Most Stable Cryptocurrency? appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

LifeLock says that Xapo CEO Wences Casares developed Xapo using LifeLock's resources. The background is that Caseres previously ran Lemon, a digital wallet start-up that was later sold to LifeLock at the end of 2013. Casares and most of the Lemon team became LifeLock employees. LifeLock claims that Casares started Xapo by “using a product developed by Lemon employees, in Lemon’s facilities, on Lemon’s computers, and on Lemon’s dime.” Casares initially pushed to have the case thrown out, but a judge in Silicon Valley disagrees, and the lawsuit against current Xapo CEO will move forward. The case could have serious ramifications […]

The post Intellectual Property Lawsuit Against Bitcoin Company Xapo's CEO to Proceed appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

A bitcoin mining service called Cloudminr.io has collapsed, resulting in the loss of bitcoins and the broadcasting of personal user information.

Bitcoin price had steadily advanced in an upward curving wave for several weeks. Yesterday, price neared the 2000 CNY psych level corresponding to our target at $320 and turned down. This morning, following news out of Brussels about a new Greek austerity deal, price plunged through $300 and is busy regaining consciousness down below. 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: 13h37 UTC Bitstamp 15-Minute Chart From the analysis pages of […]

The post Bitcoin Price Plummets Below $300 appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

While Ukraine is the central point of conflict between Russia and NATO, economics may be the next battlefront.

According to Robert Dannenberg, a Goldman Sachs security analyst and CIA veteran, Russia's President Vladimir Putin recognizes the importance of gaining power through international economic agencies.

"Putin is conservative and nostalgic, but he also understands that it takes more than just rebuilding or modernizing your nuclear arsenal to create a bi-polar world. You need to have economic power," Dannenberg said during a Q&A in a Goldman note.

Russia seems far from realizing these goals. Lowered oil prices and economic sanctions by NATO due to the Ukraine conflict have crippled the Russian economy in the past few years.

The country's bonds have been downgraded to junk status, and its GDP contracted 1.9% in the first quarter of 2015. It does not seem that Russia is ready to flex its economic muscle. 

In spite of the weak economy, Russia is attempting to boost its fortune by allying with more friendly economic powers, particularly China, and burgeoning markets.

According to Dannenberg, Putin's plan is twofold. The first objective is to create closer formal ties with countries that have similar economic interests.

Last week Russia hosted the BRICS summit, a meeting of economic and political leaders from the growing powers of Brazil, India, China and South Africa. Russia is also a member of the Shanghai Cooperation Organization (SCO), which has 14 members including China, India, Iran, Pakistan and Turkey.

They've even begun to court Greece as an economic partner in Europe.

Obviously based on those membership lists, Russia's main focus is maintaining strong ties with China. Dannenberg highlighted this the most important part of Putin's economic plan.

"Putin knows that Russia’s relative economic weakness means there is no possibility of achieving his vision without China’s participation," said Dannenberg.

He noted that Putin is willing to make serious concessions to achieve the goal.

"It is why he agreed to a natural gas deal with China in the spring of 2014 despite very disadvantageous terms for Russia," he said.

In November, Russia and China struck a deal to create pipelines from Siberia into China and transport up to 38 billion cubic meters of gas a year and in April, Russia sold a stake in its Vankor oil fields to the Chinese in an unprecedented move.

Russia plans take aim at international economic institutions Putin believes are controlled by NATO nations. Here's Dannenberg:

"He has consistently articulated, especially over the last year, that all the world’s major economic tools are controlled by the West and available to punish countries that don’t play by Western rules, whether it is the dollar as the world’s reserve currency, the governance of the International Monetary Fund, SWIFT, or Visa and MasterCard for consumer finance."

This notion has already been picked up by the Chinese, who in recent months have made a push for the yuan's inclusion in the IMF's Special Drawing Rights as a reserve currency or even pushing to use the SDR as the base for all investment instead of the US dollar.

By connecting with China and other markets, Putin is expanding his conflict with the West from the streets of Ukraine to the economic markets of the world.

Join the conversation about this story »

NOW WATCH: 11 amazing facts about Vladimir Putin

This week leading bitcoin companies including BitGo, Bitnet, Blockstream, Chain.com, Gem, Mirror, Xapo and Blockstream have sent a letter to the California Senate as a response to the recent approval of AB 1326, New York’s BitLicense-like document seeking to “license” businesses focusing on digital currencies. The companies have suggested that businesses that are not taking unilateral custody of funds should not be subjected to regulation. The letter read: “We strongly support the current use of ‘full’ to modify custody and control, and we seek clarification such that the definition of ‘full custody’ or ‘control’ is limited to unilateral uses. We believe that if a business is not taking unilateral custody or control of funds, it should not be subject to […]

The post Bitcoin Companies Weigh in on Digital Currency Regulations for the California Senate appeared first on Bitcoin Magazine.

A report commissioned by secretive consulting group R3CEV and authored by bitcoin developer Peter Todd has raised questions about Ripple's technology.

A report commissioned by secretive consulting group R3CEV and authored by bitcoin developer Peter Todd has raised questions about Ripple's technology.

Bitcoin Press Release: Edited by Stuart Hoegner and featuring a foreword by Jerry Brito of Coin Center, and articles from Bitcoin, law and cryptocurrency experts worldwide, newly-released book The Law of Bitcoin is an invaluable tool for anyone needing to understand how Bitcoin and cryptocurrency intersect with legal frameworks in the United States, the United Kingdom, Canada and Germany. Published in July 2015 and available now, The Law of Bitcoin is a response to the great interest and need for a text focused on the law of cryptocurrencies, especially Bitcoin. This book is the first of its kind delving into cryptocurrency law in four jurisdictions: the United States, the United Kingdom, Canada and Germany. Written by knowledge leaders in the […]

The post “The Law Of Bitcoin” Book Released by 10 International Lawyers and Academics: The Definitive Guide to Navigating Bitcoin Law appeared first on Bitcoin Magazine.

BitCasino.io, the world’s first legally licensed and regulated online Bitcoin-only casino gaming operator, has expanded its casino games offering by integrating popular NetEnt casino games. BitCasino.io have added 150+ games and 30+ mobile games that include Gonzo’s Quest, Starburst, South Park and Blood Suckers that are compatible with all mobile devices. A spokesperson for BitCasino.io commented on the developments: “The addition of NetEnt’s impressive library of casino games content will be played in EUR and converted from Bitcoin on each transaction for players. These new games complement Bitcasino’s existing 750+ casino games, including over €6,500,000 worth of jackpots, blackjack, live dealer casino table games, dice, baccarat, and lotto. It ensures that we offer the best gaming experience and destination to […]

The post BitCasino.io Expands Its Bitcoin Casino With NetEnt Games appeared first on Bitcoin Magazine.

European leaders announced Monday morning that they had reached a deal meant to resolve Greece’s debt crisis, The New York Times reports. The new bailout for Greece would involve both “serious reforms” and “financial support,” said Donald Tusk, president of the European Council. Last week Greek voters issued a surprisingly loud and clear statement of support to Greek Prime Minister Alexis Tsipras, and defiance to European authorities and the International Monetary Fund. In the referendum celebrated on July 5, the Greeks said no to the bailout deal proposed by the country’s creditors. The agreement on the new bailout deal is tough on Greece, but better than alternatives that have been discussed in the frantic negotiations of last week. It appears […]

The post Bitcoin Could Prevent Future Economic Catastrophes in Greece and Worldwide appeared first on Bitcoin Magazine.

Copay launched version 1.0 of its open-source multi-signature HD bitcoin wallet last month. At that time, the Copay team announced that they will be taking community feedback to improve upon the platform. This week, the team launched Copay 1.1.0, with new features including custom transaction fee settings, wallet fund sweeping and fund transfer between wallets. First, the new fee customization feature enables users to customize the fees of transactions sent from wallets in the app. This way, users have more control over transaction confirmation speeds, as miners will prefer to have transactions with higher miner fees confirmed first to store it in a block. The current options are: Economy (10 bits per Kb), Normal (50 bits per Kb), Priority (100 […]

The post BitPay Releases Version 1.1 of Copay Wallet with Variable Transaction Fees appeared first on Bitcoin Magazine.

It might be too late for bitcoin to save Greece from its currency crisis, but the digital currency is evolving fast enough that there’s a good chance it will help future crises. Christopher Mims, a writer for The Wall Street Journal, claims in today’s edition that digital currency is “at an inflection point” and evolving faster than most people realize. “Whatever happens to bitcoin itself, the technology underlying it opens up previously unimagined possibilities for the future of just about anything humans exchange,” Mims stated. For Greeks to get ahold of bitcoin, they need to buy euros, which is the last […]

The post How Bitcoin Could Prevent a Future Greece appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

The bitcoin price surpassed the $300 mark over the weekend, reaching its highest point since 10th March.

In a surprising and refreshing change from the low-profile, unexciting tone of previous official statements by the European Space Agency (ESA), the new Director General ESA Director General Johann-Dietrich Woerner stated that the Agency plans to return to the Moon and build a permanent outpost there. The habitat could be built on-site by a giant 3D printer using construction material available on the Moon.

The post European Space Agency Wants To Build Far Side Moonbase 'Lunarville' appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

During the past week, the Greek situation had apparently regressed back into negotiation stalemate and media attention turned to China's stockmarket slide. However, away from the media focus, the BRICS Bank was launched and Russia made a strategic overture to Greek business tycoons. This opened with an advancing Bitcoin price chart and, ironically, will feature several central bank announcements, as the global economy and political arena shifts poles before our eyes. This post is powered by the Bitcoin Trading Network xbt.social - CCN29 and get 29USD off. In the Calendar This Week Sunday 12 July saw Eurogroup meetings centered primarily […]

The post Global Economic Outlook: Putin Moves On Greece appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

The Belgian Prime Minister Charles Michel broke the news that there will be no "Grexit" after 17 hours with hard negotiations with other European leaders and Greece's Prime Minister Alexis Tsipras. According to AFP, Alexis Tsipras, François Hollande, Angela Merkel, and the EU President Donald Tusk locked themselves in a meeting room for four hours to come to a final agreement.      

The post BREAKING: No Grexit - Bitcoin Price Tumbles appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Researchers from San Diego and Turin have developed the first working "memcomputer" prototype, with brain-inspired "memprocessors" able to simultaneously perform computation and memory operations, which could open the way to ultra-fast future computers.

The post Researchers Develop First Working Memprocessors, Plan Future Ultra-Fast Memcomputers appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

CCEDK has announced that it is coming out with its own Bitcoin debit card. In addition to strictly storing the funds as Bitcoin or USD, the user will have the option to store their money as BitShares, which would be pegged to the value of the dollar or another major currency. This is a fundamentally lacking feature in many card programs available to Bitcoiners, although Bitreserve have come along to try and deal with the problem of volatility. The new card will be called the NanoCard and it will be broadly available to customers of the exchange beginning today. The […]

The post Danish Bitcoin Exchange CCEDK Releases Bitcoin Debit Card appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Users of the “cloud mining” service Cloudminr.io were greeted with an unwelcome surprise when they showed up at the site in the last several hours: a CSV (comma separated values) file containing a sample of the entire user database for the website. The whole site is apparently for sale, and the hackers appear to have full control of the server at this point. Poor security practices are one of the hazards one can run when putting their money with anyone remotely. For some (yet) unknown reason, the passwords and other user information for the entirety of the database were not […]

The post Cloudminr.io Hacked, User Database Put Up For Sale appeared first on CCN: Financial Bitcoin & Cryptocurrency News.