Coin News

A Michigan man has been indicated for allegedly using bitcoin to buy and sell illegal gun components on the dark web. Benjamin James Cance, from Plainwell, is facing charges for shipping illegal arms, possession of an unregistered machine gun and money laundering. Cance appeared before Magistrate Judge Phillip J Green yesterday and pleaded not guilty. […]

Coinify has acquired competing Europe-based payments processor Coinzone as part of an undisclosed deal.

Although not making strong upside progress, persistent buying is pushing bitcoin price higher. Bitstamp and Bitfinex had failed to decline to support as the rest of the exchange charts had done. Price direction will remain uncertain until more confirmations are found. 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: 15h52 UTC Bitstamp 4-Hour Chart From the analysis pages of xbt.social, earlier today: Price today advanced back to the previous support zone in […]

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Just as other exchanges such as Kraken and BitFinex are pulling up roots and leaving New York because of the controversial BitLicense program, New York-based digital currencies exchange Coinsetter has decided to stay and has submitted a BitLicense application to the New York Department of Financial Services. CEO Jaron Lukasiewicz said that despite reservations, he has decided to bite the bullet. “We will take a more difficult path in order to make sure New York residents continue to have a high-quality bitcoin exchange available to them,” Lukasiewicz said. “We have had a couple of customers close their accounts in protest to the BitLicense over the past week, but our company has not historically appealed to the anti-regulation crowd in general. […]

The post Coinsetter Exchange Applies for BitLicense, Plans to Stay in New York appeared first on Bitcoin Magazine.

The world’s largest peer-to-peer bitcoin marketplace Local Bitcoins and bitcoin marketplace BitQuick have terminated their services in New York due to the strict restrictions and fees demanded by New York’s BitLicense. Local Bitcoins is a unique case; as every single seller on Local Bitcoins would be required to pay $5,000 to apply for BitLicense. The Local Bitcoins team wrote on their blog: “From today onwards users from New York are no longer allowed to use LocalBitcoins because of the legislation known as the BitLicense (23 NYCRR 200) which makes it a federal offense to sell virtual currency to people living in New York unless you have applied for the license. This new regulation would require anyone selling Bitcoins through our service […]

The post BitQuick and Local Bitcoins Terminate Service in NY due to BitLicense Compliance Costs appeared first on Bitcoin Magazine.

The increase in bitcoin ransom demands and hacking incidents have alerted international law enforcement agencies and governments about the involvement of bitcoin in illegal activities. This week, bitcoin startup SABR has raised $1 million USD in an early seed funding round for its blockchain monitoring and identification system. As a consultation-like service, SABR will work with law enforcement agencies to track down bitcoin transactions, how they’re being spent and who owns them. The company stated that its patented technology, data and partnerships enable it to fully track down information about a single or a series of transactions. “SABR integrates data from multiple blockchains, as well as other public and proprietary sources,” the SABR team explained. “SABR’s unique position and partnerships […]

The post Bitcoin Transaction Tracking Startup SABR Claims Its Technology Could Have Caught DPR Easily appeared first on Bitcoin Magazine.

In June Bitcoin Magazine reported that the top three credit card companies – American Express, MasterCard and Visa – are exploring uses of Bitcoin and the blockchain technology. They can see the threat from blockchain fintech, and are considering ways to integrate selected aspects into their own operations. In related news reported in July, Visa participated in a funding round for Bitcoin-friendly payment processor Stripe, which valued Stripe at $5 billion. Now it appears that Visa, the world’s largest payment network, will soon deploy a team of developers in Bengaluru (Bangalore), India, to use blockchain technology to improve its digital payments processes, Live Mint reports. “For now, the focus of this technology innovation center will be on Visa Checkout and […]

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Note: this is a developing story. LocalBitcoins.com has discontinued service to New York State because of the state’s BitLicense. LocalBitcoins.com joins BitFinex, Kraken and other cryptocurrency companies bolting New York on account of the law that prohibits the sale of bitcoin without a license. LocalBitcoins.com greets visitors with a popup window advising them to say whether or not they are New York state residents. The window provides a brief explanation of the regulation, 23 NYCRR 200, then asks them if they are a New York resident. Users then have to check a green-colored box saying they are not a New […]

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HashingSpace Corporation (OTCQB: HSHS) announced today that it has secured the services of Urish Popeck & Co., LLC. a PCAOB-registered regional public accounting firm. HashingSpace’s mission is to build out key infrastructure for the global adoption of Bitcoin and Blockchain services with hosted ASIC mining. WENATCHEE, WA / August 11, 2015 / HashingSpace Corporation (OTCQB: HSHS), a Bitcoin ASIC mining and hosting company, announced today that the company has retained the services of Urish Popeck & Co., LLC, a full service certified public accounting and consulting firm. Urish Popeck is registered with the Public Company Accounting Oversight Board (PCAOB). They have demonstrated excellence in providing services in the areas of assurance, tax and consulting to growing companies. “I was pleased […]

The post Bitcoin and Blockchain Leader HashingSpace Secures Accounting and Consulting Services from Urish Popeck appeared first on Bitcoin Magazine.

HashingSpace Corporation (OTCQB: HSHS) announced today that it has secured the services of Urish Popeck & Co., LLC. a PCAOB-registered regional public accounting firm. HashingSpace’s mission is to build out key infrastructure for the global adoption of Bitcoin and Blockchain services with hosted ASIC mining. WENATCHEE, WA / August 11, 2015 / HashingSpace Corporation (OTCQB: HSHS), a Bitcoin ASIC mining and hosting company, announced today that the company has retained the services of Urish Popeck & Co., LLC, a full service certified public accounting and consulting firm. Urish Popeck is registered with the Public Company Accounting Oversight Board (PCAOB). They […]

The post Bitcoin and Blockchain Leader HashingSpace Secures Accounting and Consulting Services from Urish Popeck appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

BitFlyer has raised approximately 510m JPY ($4m) through third-party allotment, which entails issuing new shares to a limited number of investors.

Jack C. Liu explores whether the industry should be pushing fiat wallets, rather than bitcoin wallets, if it wants digital currency to go mainstream.

Israel-based colored coins startup Colu has launched the beta version of its developer platform. Based on bitcoin's blockchain technology, the platform will enable developers and individuals to register and exchange digital assets. Additionally, Colu announced its integration with Revelator, a music business management platform. Amos Meiri, Colu CEO and co-founder, said in a statement: "The Colu team has […]

Leading global credit card processing firm Visa will soon begin researching bitcoin and blockchain technology, according to a new report.