Coin News

Ethereum is finishing its ‘Thawing’ phase, designed to help the network grow organically at a slow and steady pace. In a matter of hours, the network will be handling transactions and trading will begin. Ethereum CCO Stephen Tual published a new block post asking miners are asked to update their clients. Tual published an update last night on the thawing process that Ethereum has been engaged in since its recent launch. Until now, miners were able to verify and add blocks to the blockchain, but no transactions were possible because of an artificially low limit on how much ‘gas’ could be spent on the network. This artificial limit is ready to be lifted, but it requires miners to update their […]

The post Ethereum Network Begins Thawing Process in Anticipation of the Start of Trading appeared first on Bitcoin Magazine.

The European Securities and Markets Authority has published new submissions from a recent call for information on digital currencies.

On July 27 Hacked reported that new experimental results on the controversial, "impossible" EmDrive, essentially confirm that the mysterious effect is real. Despite many experimental confirmation from reputable sources, the EmDrive (Electro Magnetic Drive), proposed by aerospace engineer Roger Shawyer, has caused and continues to provoke heated Internet wars marked by considerable animosity. Predictably, the EmGate wars continue even though Shawyer's paper is now published in a prestigious, peer-reviewed scientific journal.

The post EmGate Wars Continue After Publication of Peer-Reviewed EmDrive Paper appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

What good is a digital assistant that doesn't actually assist you? It seems some at Apple have been wondering that, and according to Business Insider, the company is testing a voicemail application that will use Siri to answer calls and take messages. Something like Google Voice by description, the service will transcribe messages and do a host of other Siri things.

The post Apple Is Creating Smart Voicemail with Siri appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Codapay, a Singapore-based alternative payments gateway provider, has partnered with BitX, a bitcoin exchange headquartered in Singapore, to enable merchants to process bitcoin payments in Southeast Asia. “Given the low penetration of debit and credit cards in the region, we think Bitcoin holds great promise as a way for customers to transact online,” Neil Davidson, CEO of Coda said. Bitcoin’s international accesbility and low transaction fees will make it much easier for local merchants to accept payments without paying 7 percent to 8 percent fees which they would normally pay in financial platforms such as Paypal. Furthermore, the integration of BitX’s bitcoin exchange infrastructure would allow merchants to accept bitcoin and get paid in local currency, due to BitX’s real-time […]

The post Coda Payments Partners with BitX to Offer Bitcoin Payment Gateway appeared first on Bitcoin Magazine.

This week, LOT Polish Airlines, one of the world’s oldest airlines still in operation, has begun accepting bitcoin payments for flight tickets. Travelers all around the world can now purchase tickets to more than 60 destinations in Europe, the Americas, Africa and Asia. “It is now possible to pay for tickets in such a way on lot.com, as well as in the mobile version and via mobile app,” the company announced on its corporate website. The Polish airline recognized the growing market for bitcoin and the number of bitcoin users worldwide. “It‘s just the matter of time when payments with the online currency will become as popular as using credit cards today,” LOT Sales and Distribution Executive Director Jiri Marek […]

The post LOT Polish Airlines Begins Accepting Bitcoin Payments appeared first on Bitcoin Magazine.

Global banks and financial corporations already are showing strong interest in the recently released Ethereum Frontier and are planning to build unique blockchain applications that could potentially be implemented in the banks’ existing financial infrastructure, according to an Ethereum spokesperson. International Business Times   at Barclays who claimed that there are a few banks and hundreds of individuals building applications on top of the Ethereum blockchain. According to the source, Barclays is interested in another version of Ethereum’s platform which will be tailored for banks. The bank is already experimenting with the platform, though not “in any great depth” because Ethereum is hard to debug, and it can be tested alongside its existing systems. “You are talking about 100 or […]

The post Ethereum Version Tailored for Banks Being Developed; Barclays Interested appeared first on Bitcoin Magazine.

Using technology based on the blockchain, he wants to move the stock-loan market onto the Internet.

The post Overstock CEO Uses Bitcoin Tech to Spill Wall Street Secret appeared first on WIRED.

Yesterday, social media lit up with the news that bitcoin creator Satoshi Nakamoto had emerged from the shadows to make a transaction.

LOT Polish Airlines will now be accepting Bitcoin along with normal payment options. The decision comes with a fair bit of enthusiasm toward the digital currency, as expressed in their press release: Payment with Bitcoins is easy in execution, and equally secure as other payment methods. All transactions are handled by PSP – one of the most reputable and popular platforms handling payments with the online currency. Also read: Planes, Trains and Bitcoin US customers have long had an option for paying for flights with Bitcoin in CheapAir.com, a travel agency that has been booking flights since before the Internet […]

The post Polish Airline Accepting Bitcoin appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

 I’m not a big fan of the “X accepts bitcoin” type of post but this one is near and dear to my heart – and actually interesting. LOT Polish airlines, the official Polish air carrier, is now accepting bitcoin. That does that mean? It means that you’ll soon be able to pay BTC to go to KRK. The transactions are being handled by PSP, a Polish payments platform backed by… Read More

If you use bitcoin and you’re not a computer programmer or a criminal, a recent study says you aren’t among the most common bitcoin users. Researchers from the University of Kentucky claim computer programmers and persons involved in illegal activity top the list of bitcoin users, reported wired.uk.com, a London, U.K.-based technology news source. Several comments on wired.uk.com took issue with these findings. The authors set out to determine what types of people use bitcoin and their reasons for using it. They used Google Trends data to explore reasons for interest in bitcoin. They acknowledged the search data in and […]

The post Study: Computer Programmers And Criminals Are Top Bitcoin Users appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

While uses cases for Blockchain currently are limited to things like Bitcoin, artists and others would be wise to view the relationship between Bitcoin and Blockchain analogous to how the Pornography Industry led the early development of the Internet.

CoinDesk looks at some of the high-profile politicians embracing bitcoin and blockchain technology to date.

Bitcoin price has fallen back to consolidating above the 4-hour 200-period moving average. The market direction from the current position of price action is not well indicated in the chart, and analysis looks for some clues. 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: 13h22 UTC Bitfinex 4-Hour Chart From the analysis pages of xbt.social, earlier today: The 4-hour Bitfinex chart shows price consolidating on top of the red 200MA that has […]

The post Bitcoin Price Movement Lacks Direction appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

The new exploit allows an application to gain root permissions via a Unix shell, all without ever needing a password. That's the kind of hack that could cripple deployed systems

Suppose the Japanese Police have conducted an investigation deep into the Mt. Gox affair, and they've got all this evidence to prove negligence or even theft on the part of Mark Karpeles. The question is: so what? What difference will that make? Will it magically make the funds re-appear in the accounts of investors? That should, after all, be the focus of all operations. To get the money returned the Mt. Gox account holders. Anything that doesn't center on that will ultimately be a fruitless exercise in state power. Mt. Gox robbed a lot of us of a lot of […]

The post Does the Mt. Gox Investigation Actually Matter? appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Bitcoin wallet provider Airbitz continues to close in on the release of buy-and-sell functionalities within its wallets interface. The Lead architect of the wallet, William Swanson, recently told CCN that the firm will soon offer the service around the globe through its partners. “Our US partner is bringing their service online and is in private Beta at the moment,” Swanson said. “We will be able to switch on our in-app integration soon." The company also has a Eurozone partner ready to go. "We just need to hook up a bit of code,” Swanson said. By offering this service through its […]

The post Bitcoin Wallet Airbitz Nears Buy and Sell App Launch appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Japanese government officials are said to be weighing how to regulate bitcoin exchanges following renewed attention on past issues at Mt Gox.