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Keyword: cryptocurrency

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  • Marinea – Sustainable ‘Village At Sea’ – Plans To Use Bitcoin

    08/25/2016 1:24:59 PM PDT · by amorphous · 33 replies ^ | 25 August 2015 | Elliot Maras
    Marinea, a company planning to establish a self-sustaining “Village At Sea’ between Miami and Cuba, plans to use bitcoin as its currency and eventually have its own electronic currency. Bitcoin, a decentralized currency with no centralized governing authority, naturally fits the Marinea goals of being an independent, self-sustaining society. Marinea is a utopian concept for a village existing in harmony with nature, where citizens will be able to live their lives as they see fit. Another goal is to address the challenges related to limited available land for food cultivation and human habitation. According to its website, the project has...
  • Report: Blockchain to Rewrite the Financial Infrastructure’s Future

    08/13/2016 11:59:18 AM PDT · by amorphous · 5 replies
    CryptoCoinsNews.Com ^ | 13 August 2013
    Blockchain technology is expected to change the way financial organizations conduct business with banks implementing distributed ledger technology (DLT) projects by 2017, according to the World Economic Forum. After 12 months of research which saw the WEF engage over 200 industry leaders and subject matter experts through interviews and multi-stakeholder workshops, the organization compiled a 130-page report on the impact distributed ledger technology (DLT), also known as blockchain, will have on the financial infrastructure’s future. WEF’s ‘The Future of Financial Infrastructure’ report found that ‘applications of DLT will differ by use case, each leveraging the technology in different ways for...
  • Bitcoin not money, Miami judge rules in dismissing laundering charges

    07/28/2016 6:51:46 PM PDT · by oblomov · 7 replies
    Miami Herald ^ | 25 Jul 2016 | BY DAVID OVALLE
    A Miami-Dade judge ruled Monday that Bitcoin is not actually money, a decision hailed by proponents of the virtual currency that has become popular across the world. In a case closely watched in financial and tech circles, the judge threw out the felony charges against website designer Michell Espinoza, who had been charged with illegally transmitting and laundering $1,500 worth of Bitcoins. He sold them to undercover detectives who told him they wanted to use the money to buy stolen credit-card numbers. But Miami-Dade Circuit Judge Teresa Mary Pooler ruled that Bitcoin was not backed by any government or bank,...
  • 7 Emerging Trends For Bitcoin and the Blockchain

    01/14/2016 6:56:31 AM PST · by Another Post-American · 10 replies
    CoinDesk ^ | 1/14/16 | Daniel Palmer
    Over the holiday season, CoinDesk published a wide range of feature articles from experts and stakeholders in and outside of the bitcoin and blockchain industry. Billed as our 2015 Review, the series encouraged guest writers – including experts on law and finance, academics, entrepreneurs and even readers – to discuss the year past and the year ahead. Our contributors didn't always agree, but they did come up with a number of intriguing predictions, each influenced by their unique positions and experiences in the field. In this article, we've pared down that information to define seven key trends that could shape...
  • 2015 Was Do or Die for Bitcoin Miners But Promise Lies Ahead

    01/08/2016 10:14:02 AM PST · by Another Post-American · 2 replies
    CoinDesk ^ | 1/8/16 | David Carlson
    Dave Carlson is a software engineer and 10-year veteran startup entrepreneur. Beginning in 1999, Dave has played a primary role in several multimillion dollar startups and personal ventures. In 2010, Dave discovered bitcoin and soon after founded "decentralized" bitcoin mining firm MegaBigPower. 2015 continued the trend: as the price of bitcoin fell and mining difficulty rose, miners were forced to sell both their bitcoin holdings and newly mined bitcoins to cover operating expenses and fuel growth. This increased downward pressure on the price of bitcoin, and gives us all a painful reminder of how this network is designed with respect...
  • Ethereum Will Arrive (and 15 Other Blockchain Predictions for 2016)

    01/06/2016 7:32:58 PM PST · by Another Post-American · 8 replies
    CoinDesk ^ | 1/6/16 | Andrew Keys
    Andrew Keys is the director of communications of ConsenSys and co-founding member of ConsenSys Enterprise, the consulting group within ConsenSys. Previously, Andrew worked for UBS in equities analysis. Here, he offers 16 predictions for the blockchain and decentralized technologies sector in 2016. 1. Many who used the terms 'blockchain' or 'distributed ledger' will learn they actually meant Ethereum Ethereum will begin to demonstrate its power as less effort is required on the protocol (given the successful version 1.0 release on 31st July, 2015), and more development is focused on decentralized applications. Moreover, Ethereum browsers like Meta Mask and Mist and...
  • Why Blockchain is Still a Decade from Mainstream

    12/12/2015 3:27:36 AM PST · by Another Post-American · 2 replies
    CoinDesk ^ | 12/12/15 | Chris Skinner
    hris Skinner is a banking and technology and technology veteran who serves as the chairman of the Financial Services Club, a group created in 2004 to address the future of companies that serve financial markets. I’m often asked how quickly the changes I outline will take place, and my answer is between 10 and 20 years. The building of the real-time, almost free financial network on the Internet using blockchain and mobile will take about a decade at least before it becomes mainstream. "Oh," some go. "That's a way off. Can we talk about something happening sooner?" That's an interesting...
  • Australian police raid Sydney home of reported bitcoin creator

    12/09/2015 8:39:49 AM PST · by C19fan · 15 replies
    Reuters ^ | December 9, 2015 | Byron Kaye and Colin Packham
    Australian police raided the Sydney home and office on Wednesday of a man named by Wired magazine as the probable creator of bitcoin and holder of hundreds of millions of dollars worth of the cryptocurrency, Reuters witnesses said. More than a dozen federal police officers entered a house registered on the electoral roll to Craig Steven Wright, whom Wired outed as the likely real identity of Satoshi Nakamoto, the pseudonymous figure that first released bitcoin's code in 2009. Locksmiths broke open the door of the property, in a suburb on Sydney's north shore. When asked what they were doing, one...
  • Reports Claim Satoshi Nakamoto Might Be 44-Year Old Australian

    12/09/2015 3:37:55 AM PST · by Another Post-American · 34 replies
    CoinDesk ^ | 12/9/15 | Stan Higgins
    New reports by Wired and Gizmodo may have identified the pseudonymous creator of bitcoin, Satoshi Nakamoto, as Australian entrepreneur Craig S Wright. WIRED cites "an anonymous source close to Wright" who provided a cache of emails, transcripts and other documents that point to Wright's role in the creation of bitcoin. Gizmodo cited a cache of documents sourced from someone claiming to have hacked Wright’s business email account, as well as efforts to interview individuals close to him. The news outlets further claimed that Dave Kleiman, a computer forensics expert who died in April 2013, played a significant role in the...
  • Expectations High For Blocksize Debate Ahead of Hong Kong Summit

    12/02/2015 10:02:43 AM PST · by Another Post-American · 4 replies
    Pete Rizzo ^ | 12/2/15 | CoinDesk
    Beneath the positive headlines – a record year for startup funding and growing interest from financial incumbents – there’s a sense of unease in the bitcoin industry over the now months-long debate on a proposed change to the protocol that governs what is to date the world’s most widely used and longest-running public blockchain. ADVERTISEMENT The debate will be given renewed life this weekend when some of the industry’s most influential, and most historically elusive, stakeholders gather in Hong Kong for two days of technical discussions as part of the second installment of Scaling Bitcoin, a development conference sponsored by...
  • Bitcoin in a Suit: Why the Tech's Big Battle is Already Won

    11/29/2015 6:33:21 PM PST · by Another Post-American · 18 replies
    CoinDesk ^ | 11/29/15 | John Biggs
    A week ago I was in Belgrade watching a panel on "blockchain." The makeup of the panel was typical: a young, plugged-in VC, an older banker guy and a crypto-anarchistic dude in a T-shirt. It was like watching a movie called "Bitcoin is Good And Bad" for the 50th time. I knew what was happening but I couldn't look away. The panel started normally - VC guy said he liked the blockchain specifically but was iffy about those bitcoins, the older gentleman said bitcoin was bad, but then the anarchist dude was quiet. He let the banker talk. The banker...
  • Core Developers Call for New Bitcoin Software Strategy at MIT

    11/19/2015 3:44:27 AM PST · by Another Post-American · 12 replies
    Coindesk ^ | 11/18/15 | Pete Rizzo
    Bitcoin Core developers Gavin Andresen, Cory Fields and Wladimir van der Laan expanded on their larger vision for development of the open-source bitcoin project at an event held yesterday by their new employer, MIT Media Lab. In the hour-and-a-half session, moderated by MIT Media Lab director Joi Ito, Andresen voiced his belief that bitcoin needs to evolve away from having one dominant software implementation, stating that he believes the project to be in the midst of this transition. The remark comes amid a larger debate focused on updating bitcoin’s software to allow for a greater number of transactions to be...
  • Nobel Prize Committee to 'Discuss' Bitcoin Creator's Nomination

    11/11/2015 1:45:07 PM PST · by Another Post-American · 24 replies
    Coindesk ^ | 11/11/15 | Stan Higgins
    The prize committee for the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel – known more commonly as the Nobel Prize in Economics – is set to discuss the nomination of bitcoin creator Satoshi Nakamoto. The move comes days after UCLA finance professor Bhagwan Chowdhry penned an op-ed in The Huffington Post stating his intention to nominate Nakamoto for the prize. In his widely-covered article, Chowdhry wrote that Nakamoto deserves the prize because his invention, bitcoin, is "nothing short of revolutionary". Following its publication, however, some observers raised the question of whether Chowdhry violated nomination rules by...
  • US Justice Department Holds Blockchain Summit in San Francisco

    11/10/2015 3:20:11 AM PST · by Another Post-American · 3 replies
    Coindesk ^ | 11/10/15 | Pete Rizzo
    The US Department of Justice (DOJ) convened a first-of-its-kind conference on digital currency and the blockchain in San Francisco today. According to the agency, the goal of the event was to unite the private and public sector in discussions centered on strategies for limiting cybercrime perpetrated with the emerging technologies. The unpublicized event, organized by the DOJ’s Digital Currency Task Force and held at the Federal Reserve Bank in San Francisco, saw 175 industry participants engage in panel discussions that sought to emphasize its core theme from the point of view of entrepreneurs, law enforcement officials and regulators. Though no...
  • Europeans Can Now Receive Their Paycheck in Bitcoin

    11/09/2015 2:05:18 AM PST · by Another Post-American · 12 replies
    Coin Telegraph ^ | 11/9/15 | Joseph Young
    Europe-based bitcoinCT r: 3 services provider Cashila has recently released a Bitwage-like Euro-to-Bitcoin payroll system, allowing European employees to request their wages to be paid in bitcoin through a simple bank or SEPA payment. The payment process of the sender or the employer will stay the exactly the same. On the Cashila platform, the receiver will create a payroll request with the inclusion of necessary bank details, including specific reference number, IBAN Bank account number, payment amount, etc. Once completed, employees and freelancers can export the invoice as a PDF or send it via email to their employers and wait...
  • Bitcoin Risks and Skepticism

    11/03/2015 10:08:42 AM PST · by Another Post-American · 24 replies
    Me ^ | 11/3/15 | Another Post-American
    BITCOIN RISKS AND SKEPTICISM With bitcoin skyrocketing again (up 16.44% in the last 24 hours as I write this, per I wanted to outline reasons to be cautious about getting involved with Bitcoin. Bitcoin is a revolutionary advance in financial technology, but there is a learning curve involved and many serious pitfalls for unwary users. This will not be a general primer on bitcoin or how it works. I'll field any questions on those lines to the best of my ability, but first and foremost I want to give people a list of risks to consider before investing or...
  • Top 10 Benefits Bitcoin Provides New Users

    10/25/2015 3:01:04 PM PDT · by Another Post-American · 23 replies
    Coin Telegraph ^ | 10/25/15 | Evander Smart
    1. The world’s easiest bank account to open When you are the bank, accounts are just so easy to open! With Bitcoin, you don’t need a bank or credit. No credit check, ID, age requirement, citizenship papers, or passport are needed to have a Bitcoin wallet or any bitcoin. If you control your money and bank account, you have true economic freedom. Bitcoin gives anyone this option. Your 10-year old child can forget piggy banks (unless it’s bitcoin-powered) and start their own digital empire today! Have your own Bitcoin address, QR code, receive your first deposit, and buy something with...
  • Bitcoin in the Headlines: VAT Galore

    10/24/2015 8:00:19 PM PDT · by Another Post-American · 15 replies
    Coindesk ^ | 10/24/15 | Yessi Bello Perez
    Mainstream outlets from across the world reported the sentencing of rogue Drug Enforcement Agent Carl Mark Force to 78 months in prison this week, and in so doing brought bitcoin's association with illicit activity and the darknet back to the fore. More positive coverage came in the form of the European Court of Justice's bitcoin VAT exemption, with some outlets exploring its effect on the digital currency's rising price. Elsewhere, the creation of a discussion forum by a group of digital currency companies and US law enforcement agencies caused a ripple of excitement among the mainstream press. What else has...
  • First-of-its-kind bitcoin debit card launching, automatically converts bitcoin into native currency

    05/05/2014 10:08:58 AM PDT · by null and void · 7 replies
    Electronic Products ^ | 5/1/14 | Max Teodorescu
    Creating the infrastructure needed to push the crypto-currency to fruition If bitcoin transactions were less cumbersome, the digital currency could potentially become the premier international currency of the world. But as it stands, using cash or credit for everyday purchases is much more practical. Xapo, the bitcoin wallet and storage service, seeks to reshape this paradigm using a debit card that taps directly into a user’s bitcoin storage and is accepted anywhere in the world where MasterCard is. The Xapo debit card works similarly to a bank issued debit card, performing transactions in real time; when a user purchases a...
  • Bitcoin Tipping Point & Mass Adoption

    03/25/2014 7:10:48 AM PDT · by Errant · 12 replies ^ | 23 March 2014 | Drew Carey
    The Bitcoin Tipping Point is coming and it will be the Big Bang of disruption in financial services, money and payments as we know them! I often think about the “tipping-point” in Bitcoin’s journey to mass adoption and regularly as myself several questions. When will it be noticeable and what will trigger it? Has it already begun or if not, how far away are we? How do you define or measure “mass adoption” of Bitcoin? A bitcoin meme of Morpheus and Neo posted online recently got me thinking again about how Bitcoin’s true exit most likely itself. Once a significant...
  • Macro Energy Shares Soar on Australian Stock Exchange Following Bitcoin Deal

    03/15/2014 4:26:19 PM PDT · by TsonicTsunami08 · 7 replies
    CoinDesk ^ | March 14, 2014 | Nermin Hajdarbegovic
    Shares of Australian investment firm Macro Energy gained 42% yesterday, after news emerged that it plans to enter the bitcoin space and raise A$9.1m ($8.2m) in funding.
  • Current Criticisms of Bitcoin Are at Least 10 Years Too Early

    03/09/2014 2:14:41 PM PDT · by TsonicTsunami08 · 12 replies
    CoinDesk ^ | March 9 2014 | Scott Rose
    The mainstream media often overlooks all the amazing and positive developments that are happening in the bitcoin world, as well as the incredibly innovative and supportive community that is building around bitcoin. To paraphrase Mark Twain: “The reports of bitcoin’s death have been greatly exaggerated.”
  • Bitcoin ATM Gets Surprise Launch in Biggest Boston Train Station

    02/20/2014 1:11:28 PM PST · by TsonicTsunami08 · 2 replies
    CoinDesk ^ | February 19, 2014 | Pete Rizzo
    Though they missed becoming the first operational bitcoin ATM in the US by less than 24 hours, the entrepreneurs behind Liberty Teller caused quite a stir when they revealed that they would boot up their new Lamassu machine in Boston’s busy South Station on 19th February.
  • eBay Building Digital Wallet That Stores ‘Multiple Types’ of Currency

    02/19/2014 6:48:39 PM PST · by TsonicTsunami08 · 8 replies
    Coin Desk ^ | February 19, 2014 | Nermin Hajdarbegovic
    John Donahoe, eBay’s CEO, has confirmed that the company is building a digital wallet for PayPal that can take multiple types of currency.
  • The Wall Street Journal Launches BitBeat!

    02/06/2014 2:42:51 PM PST · by TsonicTsunami08 · 2 replies
    Altcoin Press ^ | Feb 6, 2014 | MicroGuy
    This week the Wall Street Journal joined Forbes as one of the few old-school news outlets having a dedicated page for cryptocurrency coverage.
  • Congressional Leaders, Foundation Praise FinCEN Guidance [Bitcoin]

    02/01/2014 9:38:53 AM PST · by Errant · 2 replies
    Coin Desk ^ | 31 January 2014 | Danny Bradbury
    FinCEN’s rulings on cryptocurrency compliance yesterday have drawn praise from a congressional leader. He nevertheless cautioned government agencies to continue working together on a cohesive strategy to deal with virtual currency. Senator Tom Carper (D-Del) praised the Treasury-based agency for releasing the two rules, which exempted miners from MSB licensing, and also clarified rules for businesses that wanted to buy and sell bitcoins for their own purposes.
  • TigerDirect Becomes the Latest Retail Giant to Pounce on Bitcoin

    01/23/2014 2:28:30 PM PST · by TsonicTsunami08 · 13 replies
    CoinDesk ^ | 1/23/2014 | Jon Southurst
    Another major online retailer has announced that it is now accepting bitcoin. This time it’s TigerDirect.
  • Google Lets Slip That It's Exploring Possible Bitcoin Integration Plans

    01/22/2014 5:52:18 PM PST · by TsonicTsunami08 · 13 replies
    Forbes ^ | 1/22/2014 | Andy Greenberg
    <p>Since OSTK +1.52% began accepting Bitcoin payments earlier this month, the cryptocurrency community has been buzzing with speculation about which tech company will integrate Bitcoin next. So Jarar Malik decided to ask.</p>
  • As Bitcoin Infrastructure Booms, Mining Heads to the Data Center

    01/22/2014 5:47:08 PM PST · by TsonicTsunami08 · 8 replies
    Data Center Know ^ | 1/21/2014 | Rich Miller
    This is the first of a two-part series on the boom in Bitcoin computing infrastructure, and what it means for the data center industry. Emmanuel Abiodun once mined for Bitcoins on a desktop computer in his home. He’s now running 160 powerful computers in server space in Iceland, where the machines are cheap to power and cool. Later this year, Abiodun expects to have an empire of 4,000 bitcoin mining rigs spread across two continents, eventually filling nearly 5 megawatts of data center space.
  • Bitcoin ATM Installations Surge in Canada

    01/19/2014 8:53:50 AM PST · by TsonicTsunami08 · 6 replies
    CoinDesk ^ | January 19, 2014 | Joon Ian Wong
    Three cities in Canada are set to have bitcoin ATMs installed in the coming weeks, making the country the top ATM location in the world. New ATMs will be installed in the Canadian capital city Ottawa as well as Montreal and financial hub Toronto. The ATM operators are announcing their plans to install machines across the country even as Canada’s central bank issued a statement yesterday declaring bitcoin is not recognised as legal tender there.
  • From Space Travel to Pizza, Your Bitcoin Goes Far These Days

    01/18/2014 12:05:35 PM PST · by TsonicTsunami08 · 13 replies
    The Wall Street Journal/ Money Beat ^ | Jan 16, 2014 | Michael J. Casey and Paul Vigna
    You can’t get much more mainstream than professional American sports. In that sense, Thursday’s news that the Sacramento Kings basketball team will let its fans use bitcoin to purchase tickets, jerseys, hot dogs and anything else from its selection of products may go down as a key moment in the digital currency’s coming of age.
  • Sacramento Kings are the latest to accept bitcoin payments

    01/16/2014 7:57:08 PM PST · by TsonicTsunami08 · 1 replies
    Yahoo Fiance / The Exchange ^ | 1/16/2014 | Aaron Pressman
    Bitcoin, the virtual currency that so far has attracted more hype than actual usage, took another step into the mainstream on Thursday as the Sacramento Kings basketball team said it would start accepting it for purchases. The King’s new lead owner, Vivek Ranadivé, who made a fortune in the tech industry as founder and CEO of software firm TIBCO (TIBX), is working to revive interest in one of the NBA’s historically less popular franchises. The NBA last year denied a bid to move the team to Seattle.
  • First bitcoin ATM to debut in NYC

    01/12/2014 7:20:10 AM PST · by TsonicTsunami08 · 28 replies
    New York Post ^ | January 12, 2014 | 5:50am | Joseph Gallivan
    Bitcoin ATMs are coming to the city. Josh Harvey, co-founder of Lamassu, showed off the first bitcoin dispenser at last week’s Consumer Electronics Show and has found quite a bit of interest for the $5,000 machines. The machine, designed and manufactured in Portugal, looks like a typical deli ATM — but functions more like a vending machine. You put in US dollars and receive bitcoins back on your phone.
  • Becomes First Major Retailer to Accept Bitcoins

    01/09/2014 2:25:16 PM PST · by TsonicTsunami08 · 20 replies
    Coindesk ^ | 1/9/2014 | Coindesk/Coinebase
    Online retail giant has moved forward its plan to take bitcoin payments. The company began taking the digital currency on its site this morning. About $10,000 worth of bitcoins from about 100 customers has reportedly already been spent since Overstock made the announcement just a couple of hours ago.
  • The State of Bitcoin in Latin America

    01/02/2014 7:33:29 AM PST · by InsightSur · 3 replies
    It is clear that certain areas of Latin America have more incentive than others to adopt a decentralized and secure currency due to instability, and political meddling. At the same time, potential users in Latin America face technological and infrastructure barriers.
  • How You Should Have Spent $100.00 In 2013 ( Hint: Bitcoin)

    12/28/2013 9:32:22 PM PST · by TsonicTsunami08 · 15 replies
    Forbes ^ | 12/26/2013 | Kashmir Hill
    If you could get in a time travel machine and head back to the beginning of the year, you would best do so with Bitcoin on the brain. We took a look at how the major tech stocks performed this year in comparison with digital currencies, and for comparison’s sake, threw in gold and the best of the staples, cocoa (thanks to chocolate eaters in Asia). You wouldn’t have gone wrong with any of the tech stocks, but Bitcoin was far and away the best investment to make this year, even having fallen from its $1200 peak to its current...
  • Why is Apple so sour about Bitcoin?

    12/27/2013 11:02:52 PM PST · by TsonicTsunami08 · 32 replies
    Wall St. Cheat Sheet ^ | 12/10/2013 | Emily Coyle
    There are a handful of companies you don’t want to mess with, and one of them is Apple (NASDAQ:AAPL). The tech giant has serious clout these days, and its support or endorsement could mean the world for struggling startups and new technology. Unfortunately for many, though, Apple doesn’t exactly give out its approval liberally, and in fact, it has no problem handing out the opposite. Developers behind Bitcoin, the digital currency, learned that lesson the hard way recently as they faced several rejections from Apple, and questioned why the Cupertino, California-based company seemed to have it out for them.
  • Chase-ing Bitcoin: Is JPM Preparing To Unveil Its Own Electronic Currency?

    12/10/2013 9:42:46 AM PST · by Errant · 32 replies
    Zero Hedge ^ | 10 December, 2013 | Tyler Durden
    If you can't beat 'em, join 'em, copy 'em, and then beat 'em. While everyone's attention has been glued to Bitcoin (and its various smaller and less viable for now alternative digital currencies), JPMorgan has submitted a patent which appears to set the scene for a competing centralized network to Bitcoin. As LetsTalkBitcoin noted first, the "Method and system for processing internet payments using the electronic funds transfer network," states that Chase's technology is a "new paradigm." Moreover that it permits the creation of "virtual cash" (also referred to as "web cash") with a "real-time digital exchange of value."