Coin News

Two Accenture directors have published a new article suggesting that blockchains must operate without bitcoin to be used by major financial firms.

We take a look at the companies hoping to increase the ease of WiFi access with bitcoin micropayments.

An exploit has been discovered that threatens over 95% of Android phones in existence. Unpatched phones can be attacked simply by sending a multimedia message. The attacks happen silently so that the user has no chance to save their data or know that their phone has been infected. It's called Stagefright because it exploits Stagefright, a multimedia tool used by Android developers everywhere. The exploit was discovered by Joshua Drake, a mobile security researcher.

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Despite an initial skepticism, major financial institutions are beginning to become more public with their interest in bitcoin and the blockchain.

A bitcoin entrepreneur and a trading veteran have partnered on a blockchain project that aims to streamline the way assets are exchanged.

Cointape.com is a new tool that uses existing public data to inform Bitcoin users how much of a fee the network is currently expecting to transfer with limited delay. As seen in the following screenshot, a zero fee transaction can currently be delayed by up to five blocks, or roughly an hour (though sometimes longer). Cointape Could Alleviate User Confusion The topic of fees has been huge in the Bitcoin community as of late, centering around the size of default maximum size of blocks (how many transactions can be fit into a block) and the minimum fees users should pay. […]

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Investment in bitcoin is outpacing that of the early Internet by almost 25%, according to a report today by the International Business Times, a London, U.K.-based newspaper. Venture capitalist investment in bitcoin startups is projected to be $786 million in 2015, compared with $639 million in Internet companies in 1996, the report noted. The venture capital investing includes the $116 million raised by the San Francisco-based 21 Inc. in March, the most ever for a cryptocurrency sector startup. 'A Fringe Technology' Marc Andreessen from Andreessen Horowitz, the lead investor, said that bitcoin was similar to the Internet in its early […]

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Bitcoin Press Release: US based HashingSpace Corporation (OTCQB: HSHS) is pleased to announce it has completed a reverse merger, and a ticker change from the old ticker MLSOD to HSHS. HashingSpace provides a wide range of services to the Bitcoin and blockchain communities including hosted ASIC mining and Bitcoin ATM’s. WENATCHEE, WA / July 27, 2015 / HashingSpace Corporation (OTCQB: HSHS), a Bitcoin ASIC mining and hosting company, announced today that it has completed a reverse merger transaction with Milestone International Corporation. HashingSpace completed its’ 8-K filing with the United States Securities and Exchange Commission. HashingSpace will be traded on […]

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Last week marks the release of Bitcoin financial tracker blockonomics.co's, instant search feature for Bitcoin. Allowing users to search multiple Bitcoin addresses on the fly, view their transaction history and aggregated balances. Blockonomics is aiming to become the google search for Bitcoin and a one-stop solution to managing all of your crypto-finances. Blockonomics have come a long way since their alpha launch in December 2014, releasing a number of new features. They now allow users to monitor address balances, set up email alerts for credits and debits, see visualizations of wallet transactions, tag addresses and more. Blockonomics, developed by Crypt […]

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Earlier in July, Bitcoin Magazine reported that former Greek finance minister Yanis Varoufakis, who resigned after the Greek referendum on July 5, expressed his disappointment with the outcome of the Greek crisis. Now Kathimerini, a New York Times-branded daily newspaper published in Athens and distributed with the International New York Times in Greece and Cyprus, reveals that Varoufakis was authorized by Greece’s Prime Minister Alexis Tsipras last December to look into a parallel payment system that could eventually work as a parallel banking system. Before becoming Finance Minister, Varoufakis proposed a parallel IOU-based currency, dubbed Future Tax Coin (FT-Coin), similar to a cryptocurrency in some aspects. Varoufakis is not impressed by bitcoin as a currency, but he is persuaded that […]

The post New Details Emerge About Greek Plan for Parallel Payment System and Varoufakis’ Resignation appeared first on Bitcoin Magazine.

In April, Bitcoin Magazine reported that startup OneBit was developing a Bitcoin wallet app that lets users pay at any store with contactless mobile payment by seamlessly and transparently accessing the credit card payment networks. OneBit securely converts users’ bitcoin on the fly into any major local currency and pays merchants via their NFC payment terminals, at zero fees. Now, OneBit developer Toby Hoenisch has announced on Reddit that OneBit has entered alpha testing, and the first handful of alpha users are doing test transactions around the globe. In an Ask Me Anything (AMA) session, Hoenisch answered many questions from the participants. Hoenisch confirmed that OneBit has zero fees. “You will be able to pay world wide, at market rates at […]

The post Universal Bitcoin Payment System OneBit Enters Alpha Testing appeared first on Bitcoin Magazine.

A deal to create an official Mike Tyson-branded bitcoin ATM in Las Vegas has been met with criticism following questions about the companies involved.

Following the news that Backpage had launched a lawsuit against Chicago-area Sheriff Thomas Dart, the company has made more headway, winning a "restraining order" against the outspoken sheriff. He will no longer be able to make "de-funding" efforts against Backpage.com. Lawyers for Backpage.com are pushing to have the Sheriff rescind his letters to MasterCard and Visa, which would amount to an apology. There is no way for Backpage.com to force the credit card processing companies to start working with them again, but if the companies knew that the Sheriff's threats of legal action were dead in the water, they might […]

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Later today, July 27, German scientists will present new experimental results on the controversial, "impossible" EM Drive, at the American Institute for Aeronautics and Astronautics' Propulsion and Energy Forum in Orlando. The presentation is titled "Direct Thrust Measurements of an EmDrive and Evaluation of Possible Side-Effects."

The post Scientists Confirm 'Impossible' EM Drive Propulsion appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Internet security service Hacking Team claims to be making progress in determining how hackers managed to steal 400 GB worth of data on July 6 and release it on BitTorrent, according to Business Insider. The damage, which included the hijacking of Hacking Team’s Twitter account to tweet screenshots of stolen emails, has created a public relations challenge for the Italy-based security service, which provides surveillance tools to governments worldwide.

The post Hacking Team Promises New Security Measures Following 400 GB Data Breach appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

According to former Greek Finance Minister Yanis Varoufakis, prior to making a deal with European creditors, he was authorized to find an alternative way to keep the country's financial health in good standing. He assembled a team, and together they hacked into his own Ministry and got the taxpayer database along with other sensitive information. They intended to create Euro liquidity for Greece one way or another. Varoufakis admitted as much recently in London, according to the Telegraph. He also told them: The context of all this is that they want to present me as a rogue finance minister and […]

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This week's economic calendar is dominated by the Federal Open Market Committee Statement on Wednesday. Markets are on tenterhooks following better than expected US Unemployment Claims data last Thursday and their implication for an imminent Fed rates increase. Commodities continue their decline since last week and equities are now beginning to teeter on the edge. Stakes are raised in the deflationary end game of decades of credit expansion. This post is powered by the Bitcoin Trading Network xbt.social - CCN29 and get 29USD off! Economic Indicators World Indexes and Forex Rates Commodities In the Calendar This Week Mon 27 July […]

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Wences Casares, the CEO of bitcoin company Xapo, has begun legal proceedings against online identity firm LifeLock in response to a suit filed by the company which alleged contract violations against him and several Xapo employees. The cross-complaint filed by Casares at California's Superior Court on 24th July states: "LifeLock's highly dysfunctional management proved itself […]

Bitcoin trading has price straining to gain altitude. Advance is following an upward trajectory but the wave pattern is choppy - indecisive trade for the most part but with small surges that, at least, push to new highs. 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: 05h40 UTC Bitstamp 1-Hour Chart From the analysis pages of xbt.social, earlier today: Price is advancing with difficulty, but is slowly making progress along a cautious […]

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