Coin News

At 09h00 UTC, today, the bulls stampeded bitcoin price through the resistance ceiling. The move was relentless and pushed price $20 higher in some exchanges. Recent price action had most traders (correctly) positioned short prior to the catastrophic spike. The analysis below may put some joy inside your tears. 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: 15h14 UTC OKCoin 1-Hour Chart From the analysis pages of xbt.social, earlier today: Not only […]

The post Bitcoin Price Wows The Market appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

A bitcoin startup called Circle Internet Financial is now permitted to offer digital currency services in the state

A proposed law that would allow New Hampshire citizens to pay taxes in bitcoin might be shelved next month.

A major European banking trade group has called for governments and businesses to develop regulatory solutions for cryptocurrencies.

The week's economic calendar is quiet, with the major events being Greek parliamentary developments and Chinese President Xi Jinping's visit to Washington. Following the Fed's decision to not hike rates this month, the market seems lost for something useful to do and the sense is that the global economy is chugging along in a familiar malaise. 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 Sun 20 September Europe Greek Parliamentary Elections Mon 21 September US Existing Home Sales […]

The post Global Economic Outlook: Lake Placid appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

If you've been searching for a non-DIY Bitcoin mining machine, there's now a device that could meet all your needs. Announced earlier today, the 21 Bitcoin Computer is a pocketable, Raspberry Pi-powered tool with native hardware and software suppor...

A bitcoin business in Australia is eyeing banking opportunities abroad following a perceived crackdown from banks in the country.

Bitcoin startup 21 Inc. is releasing its first ever consumer product – a tiny, Linux-operated computer that is both a bitcoin miner and allows users to buy, sell and rent products for Bitcoin. 21 Inc. has developed a diminutive $400 computer that is equipped with a WiFi adapter, a 128 GB SD card that includes the factory-installed copy of the Bitcoin blockchain and a custom version of Linux, the 21 Bitcoin OS, preinstalled. It also features a custom energy-efficient mining chip built-in to the device and a micropayments server. 21 Inc. has already developed a mining chip for smartphones, called […]

The post 21 Inc. Unveils a New $400 Bitcoin Computer appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Bank of America has filed a patent with the US Patent & Trademark Office (USPTO) for a system of wire transfers using cryptocurrency. Published 17th September, the patent describes a system in which funds are sent between accounts using cryptocurrency technology. The word “blockchain” or “block chain” does not appear in the patent. Thomas Edward Durbin and James Gregory Ronca, authors of the filing, state: "Enterprises handle a large number of foreign wire transfer requests on a daily basis. As technology advances, foreign transactions have become more common. For some customers, it may be desirable to conduct a foreign wire […]

The post Bank of America Files A Patent That Could Revolutionize Wire Transfers appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Circle Internet Financial Ltd., a Boston-based bitcoin startup backed by Goldman Sachs Group Inc., has become the first firm to receive a New York State BitLicense, allowing it to offer digital-currency services in New York. The issuance of the first BitLicense marks a victory for both Circle and the State of New York. The BitLicense is considered the most restrictive state regulation for bitcoin and has caused some bitcoin companies to discontinue serving New York State. The goal of the license is to provide a framework that allows digital-currency firms to build their services, but at the same time protect […]

The post Circle Internet Financial Receives New York State’s First BitLicense appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Bitcoin services firm Coinbase has filed nine patent applications with the US Patent and Trademark Office (USPTO).

Bitcoin wallet Circle says it has become the first company to receive a BitLicense from the New York State Department of Financial Services.

A 33-year-old Texan man pleaded guilty to running a Ponzi scheme involving bitcoins, making it the first ever U.S. criminal fraud case related to the cryptocurrency. Texas native Trendon Shavers has admitted to operating a Ponzi scheme running $4.5 million worth of bitcoins, Reuters reports. Shavers aka “pirateat40” while online, was arrested in November, a couple of months after being ordered to pay $40.7 million in a U.S. Securities and Exchange Commission civil lawsuit related to the Ponzi case. The case is a milestone, with prosecutors noting that it is the first U.S. criminal securities fraud case related to Bitcoin. […]

The post Bitcoin Ponzi Schemer Pleads Guilty appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

An extradition trial over Kim Dotcom and three colleagues in Auckland, New Zealand began on Monday amid controversy. He even brought his own chair.  Megaupload founder Kim Dotcom appears in court to fight U.S. extradition: http://t.co/eERBd8Wct8 pic.twitter.com/INmk6e4QCb — Reuters Tech News (@ReutersTech) September 21, 2015 Dotcom, along with two executives for file-sharing site Megaupload, were indicted by a grand jury in the Eastern District of Virginia. The indictment, dating back to January 2012, led to a FBI shutdown of Megaupload and then a dramatic raid at the Internet entrepreneur’s home. They then accused Dotcom of copyright infringement, racketeering and money laundering. […]

The post Kim Dotcom Extradition Trial Starts & He Brings His Own Ejection Seat appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

The man who used to be known as "the Kremlin's banker" is suing Russia.

On Monday, Sergei Pugachev filed a claim against Russia for over $10 billion over the state's appropriation of his assets, according to Reuters.

The case will likely be heard in the Permanent Court of Arbitration in The Hague.

Pugachev claims that the Kremlin intentionally crippled his business empire by way of the "unlawful taking of his businesses," according to an anonymous source close to the banker. The same source said that the full details of Pugachev's claim will be revealed on Tuesday in Paris.

Interpol currently has an arrest warrant out for Pugachev. The Russian government is seeking his arrest for embezzlement and misappropriation of funds, charges that predate his own suit. Pugachev denies the charges.

Russian authorities claim that Pugachev took over $700 million for himself from funds reserved for the bailout of Mezhoprombank, the international bank that he founded in 1992.

Pugachev was a big player in Moscow during Putin's first two terms. Within four years of founding Mezhoprombank, he was a "Kremlin powerbroker," helping politicians win elections and speaking to Putin "almost every day probably."

But in Russia's inner financial circles, nothing ever lasts. Relations soured in 2010, and he ultimately fled to London in 2011.

In March, Pugachev told the Financial Times that he would be representing himself in Russia's case against him. He said that he only has £45,000 (about $70,200) left in accounts and can't afford lawyers.

Pugachev also recently told Dozhd that he was one-third of a trio "at the helm of 'operation successor,'" along with Yeltsin's daughter, Tatyana Dyachenko, and her husband, Valentin Yumashev.

He even claimed that he was actually the one who suggested professional spy Vladimir Putin as a candidate — not Yeltsin-era oligarch Boris Berezovksy, who had been widely credited with anointing Putin. 

Pugachev did concede that Putin was already an "insider" by that time, although he doesn't think Putin's plan led to the presidency.

"Putin is not someone who sets strategic plans; he lives today." Pugachev told Time last October. "He had no plans; he didn't aim to become president. He hadn't thought of that. He didn't plan to remain in the government at all."

SEE ALSO: One enterprising Russian farmer has a currency backed by potatoes

Join the conversation about this story »

NOW WATCH: Why Putin is the most powerful man in the world

Digital currencies like bitcoin are still marking many firsts, and that unfortunately includes the first crimes. Case in point: Trendon Shavers has pleaded guilty to the first-ever US securities fraud charges involving bitcoin. The Texan was accuse...

 Buying and running a bitcoin miner is either a labor of love or an effort at profit… but rarely both. 21.co, for their part, seems to have reached an interesting parity. Their new Bitcoin Computer is a Raspberry Pi 2 connected to a bitcoin mining rig. It is available for pre-order now on Amazon for $399. They also include a WiFi adapter and a 128GB SD card with a copy of the… Read More

A Russian payments company backing an idea for a digital currency has said that it could be backed by commodities.