Coin News

JPMorgan CEO Jamie Dimon issued new remarks on bitcoin and the blockchain as part of today's Barclays Global Financial Services Conference.

The Bank of England’s top economist has suggested that a digital currency based on bitcoin could alleviate monetary policy problems.

A new proposal called Bitcoin-NG is envisioned as a solution to "inherent problems" in blockchain design, both in bitcoin and alternative ledgers.

A California politician has become embroiled in a growing controversy surrounding an altcoin and investors who say they’ve been duped.

Although some individuals in the Bitcoin community believed that nothing would come out of the recent Scaling Bitcoin workshop in Montreal, it seems that some progress was made in finding a compromise between the small-block decentralists and the big-block progressives. Multiple discussions between some of the key minds in the Bitcoin Core development community took place at the event this past weekend, and it seems the overall goal was to find the key areas of agreement between all of the contributors’ wide-ranging points of view. Rumors were originally swirling around a possible implementation of Adam Back’s 2-4-8 block-size limit increase proposal, but it appears that the area of agreement is more general than that. A Short-term Bump in the Block-size […]

The post Notable Bitcoin Core Contributors Now Open to Increasing Block-size Limit to 2 or 4MB appeared first on Bitcoin Magazine.

Leading bitcoin platform, multi-sig vault service provider and bitcoin merchant payment processor Coinkite has powered more than USD$250 million over the past three months, processing around 10 percent of the world’s total daily bitcoin transactions. “It is remarkable what can be done with the right team and bitcoin. We are processing 5 to 10 percent of all bitcoin transactions. Over the past two years that we’ve been in business, we have never lost customer funds. I hear even well-funded competitors are pivoting away from our space due to our unparalleled uptime, security and the feature-rich bitcoin platform that we offer,” announced Coinkite CEO Rodolfo Novak. Today, Coinkite backs businesses and individuals in more than 180 countries to support, send and […]

The post Coinkite Processes $250 Million in Third Quarter; 10% of Total Daily Bitcoin Transactions appeared first on Bitcoin Magazine.

IBM is developing its own version of the blockchain technology and plans to release open-source software within the next few months, The Wall Street Journal reports. The new platform would operate without a native currency like bitcoin and be used to keep track of B2B – business to business, bank to bank, and bank to business – transactions and enforce smart contracts. The new IBM software platform will permit creating digital contracts that – like bitcoin transactions – would be recorded publicly and securely on a worldwide computer network. “Blockchain, as a technology, is extremely interesting and intriguing,” said Arvind Krishna, senior vice president and director of IBM Research. ““I want to extend banking to the 3.2 billion people who […]

The post IBM Developing Blockchain Without Bitcoin for Record-Keeping and Smart Contracts appeared first on Bitcoin Magazine.

Bitcoin price was massaged lower in the week leading up to the Fed rates hike announcement, and then eagerly traded up on the day. The chart technicals implied a bull trap and the sound of a can being kicked was its closing bell. 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: 15h23 UTC OKCoin 3Month Futures 15-Minute Chart From the analysis pages of xbt.social, earlier today: The Fed has declined their new […]

The post Bitcoin Price Droops After Rates Hike Rally No-Show appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Bitcoin lovers have been searching for a way to safely invest in the enormous potential they see in the crypto currency.

The CFTC is the latest agency to weigh in

The coverage over the last few days has been largely dominated by the partnership between nine well-known banks and distributed ledger startup R3CEV.

Thousands of websites that run the content management system WordPress have been hijacked by hackers to infect unsuspecting visitors with malware exploits. Although the entire campaign was initiated 15 days ago, its activity has increased tremendously in the past 2 days, as the number of websites being hijacked per day increased from 1000 to 6000.

The post Hijacked WordPress Websites Infect Visitors with Malware appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

In the first enforcement case against a Bitcoin operator after recognizing the cryptocurrency as a commodity, Bitcoin operator Coinflip has reached a settlement with the U.S. Commodity Futures Trading Commission (CFTC). With the new ruling that virtual currencies are to be recognized as commodities that are under the rules and regulations of existing laws, the U.S. derivatives regulators brought their first case against a Bitcoin trading platform, Reuters reports. The Federal agency said that a settlement had been reached with San Francisco-based trading platform Coinflip and its CEO Francisco Riordan. The charges were originally brought forward against the company and […]

The post Bitcoin Operator Coinflip Settles with the Feds appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

BAFT, a global financial services association, is set to drive bitcoin and blockchain awareness with the launch of a new FinTech scheme.

Chile’s government has declared a state of emergency in a coastal town of Coquimbo where 15 foot waves came ashore in the wake of a massive earthquake that has left ten dead in the Latin American nation. Tsunami waves made landfall north and south of the quake’s epicenter along Chile’s long coastline, with tsunami warnings for the US west coast.  The earthquake represents the largest quake in the world this year, its duration more than three minutes. Dozens of aftershocks followed. The initial quake could be felt in Brazil and Argentina: 8.3 magnitude earthquake in Chile made waves in this […]

The post Chile's First Bitcoin Exchange Sets Up Donation Program For Earthquake & Tsunami Relief appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Bitcoin Press Release: Stable Bitcoin alternative DNotes has just been added to reputable Bitcoin and cryptocurrency exchange Cryptsy. DNotes offers a complete digital currency infrastructure; including the world’s first Cryptocurrency Investment Savings Plans. Chicago, Illinois – DNotes is pleased to announce it has recently been added to reputable digital currency exchange Cryptsy. Operating for over 2 years, Cryptsy has more than 270 000 registered users with over 300 000 trades taking place on the platform every day. Cryptsy accepting DNotes helps solidify DNotes’ extensive ecosystem; which includes the world’s first long term cryptocurrency savings plans (CRISPs), DCEBrief.com which offers the […]

The post DNotes Live on Cryptsy For Bitcoin Trading, Growth of Ecosystem With World’s First Cryptocurrency Savings Accounts Continues Unabated appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Bitcoin is now a commodity according to the Commodity Futures Trading Commission (CFTC). On Thursday the organization publicly stated it had settled with a Bitcoin exchange for trading option contracts after an enforcement case against a Bitcoin operator. "In this order, the CFTC for the first time finds that Bitcoin and other virtual currencies are properly defined as commodities," according to the press release. CFTC now has authority to oversee cryptocurrency futures and options. Bitcoin derivatives and futures platforms must register as a swap execution facility or designated contract market. “While there is a lot of excitement surrounding Bitcoin and other […]

The post CFTC: Bitcoin Is a Commodity appeared first on CCN: Financial Bitcoin & Cryptocurrency News.