Coin News

Microsoft director of technology and civic innovation, John Paul Farmer, explains how his team is exploring use cases for blockchain technology.

August 17, 2015 – Gide Principals Arika Pierce and Liz Conway spoke on the state and federal regulatory activity of digital currency at the Second Annual Cryptolina Bitcoin Expo in Charlotte, North Carolina on August 15th. Arika Pierce spoke on a panel moderated by Perianne Boring of the Chamber of Digital Commerce entitled Bitcoin & State Level Regulations: What’s Next? “Right now we are seeing states such as California and North Carolina introduce legislation that could negatively impact the bitcoin industry, which is why it is important that digital currency have a seat at the table when these types of laws […]

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As financial service firms expand their use of the bitcoin block chain for trading and business activity, the Financial Crimes Enforcement Network (FinCEN) isn’t missing a beat. FinCEN, an enforcement arm of the U.S. Department of Treasury, has ruled that companies using the bitcoin block chain to transfer precious metals are considered money transmitters and therefore subject to anti-money laundering restrictions. The ruling came in response to a letter from an unnamed company seeking clarification on this point. FinCEN posted the ruling on its website to serve as guidance to financial institutions. Firm Requests Clarification The ruling came in response […]

The post FinCEN Tightens Its Noose Around Precious Metal Traders Using The Block Chain appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

The ongoing debate about the role of governments in regulating digital currencies isn’t going away anytime soon. While the dustup over New York’s BitLicense program continues, another front has opened up in California where a member of the state assembly has introduced a bill to regulate California’s digital currencies businesses. The Washington, D.C.-based Coin Center and the San Francisco-based Electronic Frontier Foundation (EFF) each have lobbied hard against the New York Department of Financial Services attempts to regulate New York businesses with its controversial BitLicense program. But with the proposed California law, the two organizations have taken two separate forks in the advocacy road, with Coin Center supporting the California legislation and EFF adamantly opposed. Coin Center supports while EFF […]

The post Coin Center and the EFF Square Off Over Proposed California Digital Currency Busienss Licenses appeared first on Bitcoin Magazine.

This week, KnC Miner began offering each of its employees Xapo Debit Cards for salary payouts. So far, around 30 pecent of its employees are participating. KnC Miner is a bitcoin mining company, and therefore, most of its employees already have their own selection of bitcoin wallets, cold storage solutions and investments. The company decided to use Xapo Debit Cards for its convenience, since Xapo Debit Cards can be used anywhere that accepts MasterCard or Visa. “A large percentage of our staff are real Bitcoin aficionados and of course they already own bitcoins and operate their selection of wallets, cold storage solutions etc.,” Nanok Bie of KnC Miner told Bitcoin Magazine. “Some have also invested in Bitcoin via the instrument […]

The post KnC Miner Pays 30% of Employees Using Xapo Debit Cards appeared first on Bitcoin Magazine.

Nathaniel Popper tells CoinDesk how he got into bitcoin and how his journey has shaped his understanding of the digital currency.

This is a guest post by Drew Hinkes, an attorney at Berger Singerman. Drew is also frequently published and cited for his work on IT and technology-related issues, including virtual currencies, smart contracts, distributed ledger-based technologies, computer data security/breaches, and technology regulation. Tokyo District Court Judge Masumi Kurachi recently rejected a claim for relief brought by a Kyoto man against the Mt. Gox bankruptcy receiver for bitcoin lost as a result of Mt. Gox’s collapse. In his ruling, Kurachi opined that bitcoin is “not subject to ownership.” The court ruled that Japanese law allows only for proprietorship of “tangible entities that occupy space and which allow for exclusive control over them.” Since transactions of bitcoin require the involvement of a […]

The post False Alarm: Why The Japanese Ruling May Not Spell Doom for Bitcoin Ownership Rights appeared first on Bitcoin Magazine.

Since its release on August 6th, Bitcoin XT, a patch set on top of the existing Bitcoin Core, has focused the bitcoin community’s attention on the block size debate. Core maintainers and highly influential CEOs alike, like Peter Smith of Blockchain and Steven Pair of BitPay, have entered the online fray, fueling passion-laden discussions across Reddit, Twitter, Medium, and GitHub. Multiple solutions have been proposed to alleviate the block size debate, like 8MB blocks, 20MB blocks, and dynamic block size limits, among others. However, Bitcoin XT is gaining traction as a viable solution as it would create a hard fork in the protocol by permanently splitting the blockchain into two different ledgers. This fork will occur if 75% of miners […]

The post Bitcoin XT Big Block Fork Spurs Debate and Controversy appeared first on Bitcoin Magazine.

Telebit, a bitcoin wallet that allows fast and easy bitcoin transactions to Telegram users, now offers some additional features. Telebit users can now download a companion Android app that offers the ability to send payment requests to other users and integration with Trezor bitcoin wallet, which has added security features. The new Android app marks another stage of Telebit’s journey in making bitcoin more user-friendly and widely-adopted, says co-founder Jonathan James Harrison. The new app builds on the convenience that Telebit brought to Telegram users earlier this year when Telebit launched. Telegram is a free, cloud-based, open-source, instant-messaging app with […]

The post Telebit Enhances Bitcoin Sending Experience With New Android App appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Two of bitcoin's best-known developers have 'forked' the software in a controversial attempt to resolve its scalability crisis.

Investor William Mougayar discusses how banks dealt with the emergence of the Internet and how blockchain tech is causing them a whole new headache.

International markets are uneasily relaxed today, as investors and speculators position for a September Fed rates hike. Chinese Yuan devaluation surprised markets last week and may have a subtle influence on that hoped-for September outcome. 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 17 August Japan Prelim GDP q/q (actual: -0.4% expected: -0.5% previous: 1.0%) Tue 18 August UK CPI y/y (expected: 0.0% previous: 0.0%) US Building Permits (expected: 1.21M previous: 1.34M) Wed 19 August US Core […]

The post Global Economic Outlook: Rates Hike a Certainty? appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Bitcoin trading is currently correcting upwards in the price chart but the technical indication is that more downside is on the cards. Regardless, the current mood of negativity does not promote buying behavior, but its increased intensity, over the weekend, implies that a decline bottom may be near. 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: 04h21 UTC BTC-China 1-Hour Chart From the analysis pages of xbt.social, earlier today: The correction near […]

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