The team behind cryptocurrency exchange CEX.io and bitcoin mining
pool GHash.io has launched a new venture – an open API for building
bitcoin applications.
The bitcoin world is abuzz with speculation some of Satoshi
Nakamoto’s online accounts have been compromised, concerned a hacker
could potentially access information concerning the bitcoin
creator’s true identity or use the accounts to defraud key members of
the bitcoin community.
KnCMiner has announced it has raised $14m as part of a Series A funding round.
The Sweden-based bitcoin mining company said in a statement that GP Bullhound, a technology-focused investment bank, acted as the advisor for the funding effort.
Since opening its doors on 3rd August of last year, major bitcoin mining pool operator GHash.io has generated nearly $250m in bitcoin, according to a new infographic released by the company.
The developmental pace of bitcoin mining, both in terms of its scale
and complexity, has been as fast and revolutionary as the rise of the
price of the digital currency itself. From hobby computers built in
basements to vast warehouses of ASICs, the mining industry has seen
tremendous change in a relatively short period of time.
A new trading exchange has set its sights on the wealthy markets of
Japan, Hong Kong and Singapore, and wants to usher in a new era of
professionalism for serious bitcoin traders across Asia.
Never mind the cute Shiba Inu of dogecoin, people in Japan are
falling for a new Internet meme-based cryptocurrency – the locally
invented and cat-logoed ‘monacoin’.
When Steve Jobs was a boy, he looked up the name “William Hewlett” in
his local phone book and was able to reach the founder of
Hewlett-Packard at home. The elder technologist offered the future Apple
Computer founder advice, some free components and a summer job.
Jason Tyra is a Certified Public Accountant and ACFE Certified
Fraud Examiner. In this article, he evaluates the potential benefits
bitcoin offers for the world’s impoverished and unbanked, and outlines
what needs to be done to give this underserved population access to
its ground-breaking technology.
Satoshi Citadel Industries calls itself a
“provider of bitcoin solutions” and manages a range of different
digital currency services and sites, including Bitmarket, in-beta
exchange Coinage, photo-sharing site Bitstars.ph, and remittance
service ReBit. SCI is also rolling out pre-loaded bitcoin cards as
another fast way to get bitcoin into newcomers’ wallets.
CoinSummit
London saw a number of notable speakers, panels and announcements
during its two-day run this July, but those issued by Swarm, a
crowdfunding platform that seeks to use cryptocurrency to
empower industry businesses, may have passed under the radar.
Even as the calendar turns to August, there has been no shortage of
exciting times in the altcoin world. While the news hasn’t been all good
– several high-profile alt scams have rocked the community in recent
weeks – there’s no denying that the community is still filled with
enthusiasm.
The Bitcoin Foundation, the digital currency’s chief trade
organization, has filed an amicus brief in connection with a Florida
state criminal case involving Pascal Reid, a LocalBitcoins.com user who
was arrested and charged with operating an unauthorized money
transmission business and money laundering earlier this year.
PropinaBitcoin, a new project that seeks to promote digital currency
awareness in Latin America by encouraging the use of bitcoin for
real-world tipping, has officially launched.
Jason Tyra is a Certified Public
Accountant and ACFE Certified Fraud Examiner. In this article, he
evaluates the importance of New York’s BitLicense and the effect it
could have on trading in licensed exchanges.
Bitcoin financial services startup Circle Internet Financial has
issued at least one user a $50 credit in order to help refund that
customer for possible cash advance fees he may have incurred using the
service.