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.
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.
Moopay LTD, the digital currency service provider more commonly known
as Moolah, has purchased MintPal, the altcoin exchange which recently
suffered from a severe hack that compromised nearly $2m in customer
funds
Mystery Scavenger Hunt Gives Away Bitcoin in San Francisco
Someone is going around San Francisco and leaving small sheets of
aluminium all over the city. No, they are not littering. The sheets are
in fact bitcoin ‘paper’ wallets – part of an elaborate scavenger hunt
that is being carried out by an anonymous and fun-loving donor.
Bitcoin transactions are sent from and to electronic bitcoin wallets,
and are digitally signed for security. Everyone on the network knows
about a transaction, and the history of a transaction can be traced back
to the point where the bitcoins were produced.
Bitcoin wallets store the private keys that you need to access a
bitcoin address and spend your funds. They come in different forms,
designed for different types of device. You can even use paper storage
to avoid having them on a computer at all. Of course, it is very
important to secure and back up your bitcoin wallet.
Bitcoin is a relatively new form of currency that is just beginning
to hit the mainstream, but many people still don’t understand why they
should make the effort to use it.
Why use bitcoin? Here are 10 good reasons why it’s worth taking the time to get involved in this virtual currency.
Bitcoin is a form of digital currency, created and held electronically.
No one controls it. Bitcoins aren’t printed, like dollars or euros –
they’re produced by lots of people running computers all around the
world, using software that solves mathematical problems. It’s the first
example of a growing category of money known as cryptocurrency.