Coin News

More than 30 bitcoin developers and contributors have signed a letter that discusses how the project aims to achieve consensus for scalability.

Editor’s Note: This is a letter to the community written and signed by many of the Bitcoin core developers. As active contributors to Bitcoin, we share this letter to communicate our plan of action related to technical consensus and Bitcoin scalability. Bitcoin is many things to many people. However, the development and maintenance of Bitcoin is a human endeavor. Satoshi sought review and cooperation, and the subsequent work by Bitcoin’s developers has made the system more secure and orders of magnitude faster. The Bitcoin developer community is dedicated to the future of Bitcoin, looks after the health of the network, strives for the highest standards of performance, and works to keep Bitcoin secure on behalf of everyone. We’re committed to […]

The post An Open Letter to the Bitcoin Community from the Developers appeared first on Bitcoin Magazine.

Volume of bitcoin trades in Brazil increased rapidly in Brazil since May. Over the last few months, the volume of all bitcoin trades have risen from US$1.65 million to US$2.6 million, showing a 158 percent monthly increase in trading volumes across all exchanges. In August, Mercado Bitcoin, the largest bitcoin exchange in Brazil alone has processed 28.48 percent of all market share or US$740,480 worth of bitcoin trades. Image via bitValor According to BaseBit founder Daniel Novy, the majority of bitcoin-related news presented by major news outlets in Brazil is negative and affects the potent Brazilian population that is underbanked and underserved by financial institutions. Despite the negative image of bitcoin built by the media, many merchants are becoming more […]

The post Volume of Bitcoin Trades Continues Surge in Brazil appeared first on Bitcoin Magazine.

Receiving money from a friend, client or anyone else on PayPal just got a little bit easier. Today, the company announced the launch of PayPal.Me, a personal, vanity PayPal link that makes it easy to remind people to send you money. The idea behind the peer-to-payment service is to erase the awkwardness of getting repaid by someone. Instead of having to ask them, a user could just send his or her friend a PayPal.me link and the friend would be able to pay using their own PayPal account. It minimizes the need for conversation about something that could, theoretically, make someone uncomfortable. PayPal.me has launched in 18 countries, including the United States, Great Britain, Germany, Australia, Canada, Russia, Turkey, France, […]

The post PayPal Announces Launch of PayPal.Me Peer-to-peer Payments Similar to Square Cash or Bitcoin Wallets appeared first on Bitcoin Magazine.

Lightning networks are considered a promising innovation in the Bitcoin space, which would make the Bitcoin system much more scalable and able to process transactions at a high rate and low cost, and are suitable as an alternative to existing payment networks. In February, developers Joseph Poon and Thaddeus Dryja proposed a decentralized Bitcoin Lightning Network where related transactions can take place instantly on “micropayment channels” off-chain, and only the final settlement is processed by the blockchain. According to the authors, lightning networks would enable Bitcoin scalability, efficient micropayments, and near-instant transactions. The Lightning Network white paper, a work in progress, has recently been updated. “The payment network Visa has achieved 47,000 peak transactions per second on its network during […]

The post Preliminary, Simplified Implementation of Bitcoin Lightning Network Released appeared first on Bitcoin Magazine.

By default, Bitcoin clients connect to other bitcoin nodes on TCP port 8333. If a user wants their Bitcoin client to connect to other nodes, they will need to allow outgoing TCP connections on port 8333, and also will need to have the ability to accept connections on that same port. Some Bitcoin users have reported issues attempting to connect or receive connections to their bitcoin clients across port 8333. After spending an entire day effortlessly trying to get a bitcoin client working from a home computer, one AT&T Uverse customer called customer support. After hours of phone calls and […]

The post Are ISPs Intentionally Blocking Bitcoin? appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

A second former federal agent in the Silk Road case has admitted to stealing $820,000 worth of bitcoins while hunting for the Dread Pirate Roberts, federal prosecutors say.

Former U.S. Secret Service agent Shaun Bridges pleaded guilty Monday to money laundering and obstruction of justice while investigating Silk Road, according to Bloomberg. Bridges admitted he stole $820,000 in bitcoins while serving on a Baltimore task force investigating the Silk Road Internet drug emporium. Bridges agreed in June to plead guilty to the charges. During Monday’s hearing, a federal judge ordered Bridges to submit to electronic monitoring, and a curfew after a prosecutor told the judge Bridges tried to change his identity and possessed illegal firearms. Prosecutor: Bridges May Try To Flee The government learned of Bridges’ attempts to […]

The post Former Secret Service Agent Pleads Guilty In Silk Road Case, Tried To Change Identity appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

The very wealthy as exemplified by those who have their own family offices appear to be becoming more and more interested in cryptocurrencies such as bitcoin, ripple, and swarm. This is seen in their expressed intent, use, and investments in companies involved in the field.

The very wealthy as exemplified by those who have their own family offices appear to be becoming more and more interested in cryptocurrencies such as bitcoin, ripple, and swarm. This is seen in their expressed intent, use, and investments in companies involved in the field.

A US secret service agent who stole $820,000 worth of bitcoin pled guilty yesterday to money laundering and obstruction of justice.

CoinDesk previews developer Ryan X Charles' forthcoming decentralized Reddit project, now known as DATT.

It's back to the the New Normal following last week's global market black swan, with the only remaining vestages of that glitch in the matrix being elevated levels of investor fear. OPEC expresses concern about the state of its oily cash cow and the Reserve Bank of Australia discovers that the dark cloud of deterioration in China has a silver lining. 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 31 August New Zealand ANZ Business Confidence (actual: […]

The post Global Economic Outlook: Commodity Decline Effects appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

$820,000. That's how much former Secret Service agent Shaun Bridges pilfered in bitcoin during his time investigating the online black market, Silk Road. Bridges pleaded guilty to money laundering and obstruction of justice recently and the Departm...