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Bitcoin Security: Keeping Your Coins in Your Wallet http://wp.me/p4dVIu-3om
Bitcoin security is something the media loves to bring to everyone’s attention again and again, but not in a good light. There’s a lot of fear-mongering out there about this particular aspect of the currency. But why? Irreversibility. It would be hard to claim Bitcoin was less secure than other methods of keeping your money - since it’s very clearly much more secure - but the claim that can be made successfully is that when something goes wrong with your Bitcoin security practices, the ramifications are absolutely devastating. [ 957 more words. ]
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Former US Senate adviser John Collins joins Coinbase http://wp.me/p4dVIu-3ou
Bitcoin payment processor and wallet provider Coinbase announced today it has recruited John G. Collins as its Head of Government Affairs. Collins’ US Capitol experience includes serving as a senior adviser to the Senate Homeland Security and Governmental Affairs Committee, acting as a subject matter expert and principal adviser on issues relating to digital currencies, emerging payment systems, and critical infrastructure security. [ 385 more words. ]
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Urdubit launches as Pakistan’s first Bitcoin exchange http://wp.me/p4dVIu-3op
Saturday marked the launch of Urdubit – Pakistan’s first Bitcoin exchange - which aims to facilitate greater adoption of Bitcoin in the region, reports CoinDesk. Founded by Zain Tariq and Danyal Manzar, who also run the Bitcoin community and advocacy group BitcoinPk, Urdubit concentrates on bringing liquidity to local Bitcoin trading markets and educating newcomers on its promise as a decentralized commodity. [ 558 more words. ]
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Dell provides data center space for Bitcoin ASIC Hosting http://wp.me/p4dVIu-3ok
Dell has struck a partnership with Bitcoin ASIC Hosting – a Seattle-based colocation provider for Bitcoin miners – to supply colocation space for the hosting company's customers at Dell’s Western Technology Center in Quincy, Washington. According to DatacenterDynamics, the 40,000-square-foot Western Technology Center is a Tier III facility with 10.8MW of power available. By leasing space in the facility, Bitcoin ASIC said it avoided high-cost power and was able to obtain redundant connectivity, cooling, and backup emergency power. [ 398 more words. ]
coinreport.net
BitGo announces HD wallets, a novel solution to transaction anonymity http://wp.me/p4dVIu-3oe
For all the muss and fuss about its potential criminal applications, as matters stand right now, Bitcoin is a good deal less anonymous than the cash economy - and this poses problems. The entire blockchain and every transaction in it is public, which means that if you know the public key of one entity, you can often deduce which public keys belong to their associates, allowing the tangled web of commerce to be unraveled, sometimes in disturbing detail. [ 565 more words. ]
coinreport.net
Cryptsy, DebitWay partner to foster altcoin trading http://wp.me/p4dVIu-3o9
Online payment platform DebitWay.ca announced Wednesday that altcoin exchange Cryptsy.com has joined the Montreal-based corporation’s growing list of digital currency enterprises that have turned to DebitWay to help expand their businesses into Canada and beyond. The Florida-based Cryptsy joins Expresscoin, QuadriagX, and CoinRNR as DebitWay’s digital currency partners. In July, CoinReport reported on Expresscoin expanding its services to Canada. This included offering service through DebitWay. [ 317 more words. ]
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A Little Altcoin Sanity: Monero http://wp.me/p4dVIu-3o3
Monero, ticker XMR, is one of several altcoins attempting to overtake Darkcoin in the race to become the top anonymous coin. It’s joined in the ranks of the top 20 coins by market cap by cryptocurrencies like XCurrency, Blackcoin, and BitcoinDark - all of which have their own individual claims to anonymity fame. Monero is in a clear second place to Darkcoin, but still trails it rather significantly, with a market cap of only about 35% that of Darkcoin. [ 914 more words. ]
coinreport.net
National Bank of Serbia states Bitcoin is not legal tender in country http://wp.me/p4dVIu-3nX
Last week, the National Bank of Serbia (NBS) issued a statement advising that Bitcoin is not legal tender in Serbia and cannot be subject to sale and purchase by banks and licensed exchange dealers. In its statement, the NBS draws public attention to the value of Bitcoin in exchange platforms not being guaranteed, and that the “virtual currency,” as the bank refers to Bitcoin, is rather volatile. [ 693 more words. ]
coinreport.net
NY-based Venezuelan brothers planning Bitcoin exchange for home country http://wp.me/p4dVIu-3nS
Reuters reported Wednesday that New York-based, Venezuelan-born brothers Kevin and Victor Charles are hoping to open this week the “SurBitcoin” exchange, which will connect Bitcoin buyers and sellers online in their native country. It would be the first Bitcoin exchange in the socialist-run nation, which, according to Reuters, already has at least several hundred Bitcoin enthusiasts. The news agency states that because of currency controls introduced by late Venezuelan President Hugo Chavez a decade ago, getting hard currency now means either asking for it from the state, which faces challenges in meeting demand, or accessing it through a black market. [ 437 more words. ]
coinreport.net
The Cryptomarkets Week in Review http://wp.me/p4dVIu-3nO
Hello everyone, and welcome to a new - and hopefully regular - piece of content here on CoinReport. Cryptomarkets are an incredibly volatile environment, with price movements of 25% in a week not at all uncommon, and while much is written about it all as it happens, it’s not as frequent that we see a look back covering the top stories; the biggest movers and shakers of the week. [ 819 more words. ]
coinreport.net
Counterparty, Overstock partner to build Medici – a decentralized stock exchange http://wp.me/p4dVIu-3nH
Earlier this week, speaking at his keynote address for Inside Bitcoins Las Vegas, Overstock.com CEO and passionate Bitcoin advocate Patrick Byrne made some exciting announcements regarding his ambitious project to overthrow the stock market. To wit, Byrne announced that Overstock would be partnering with Counterparty, a peer-to-peer financial services and smart contract platform, in order to build "Medici," a decentralized, self-regulating commodity exchange based on block chain technology. [ 273 more words. ]
coinreport.net
Bitcoin Foundation vs. NYDFS: The Ongoing Fight for Bitcoin’s Freedom http://wp.me/p4dVIu-3ny
One of the nice things about Bitcoin’s founder formerly having been a frequent poster on the BitcoinTalk.org forum is that it is quite easy to quote-mine them. One of my favorites has always been this gem: “We don’t want to lead with 'anonymous (currency)'… (or) 'currency outside the reach of any government.' I am definitely not making any such taunt or assertion.” [ 990 more words. ]
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KnCMiner releases Bitcoin wallet for iOS http://wp.me/p4dVIu-3nx
KnCMiner, a Stockholm-based cryptocurrency hardware and software provider, has announced it has launched a version of its KnC Bitcoin Wallet for iOS. In a press release sent to CoinReport, the company said the wallet, which had previously only been available for Android-powered smartphones, “is the easiest system for transferring bitcoins to friends and family from one's iPhone, with personal, encrypted back-ups.” [ 407 more words. ]
coinreport.net
Why Civil Asset Forfeiture Is One of the Strongest Arguments for Bitcoin http://wp.me/p4dVIu-3ns
Most proponents of Bitcoin are at least a little libertarian-ish, and it’s not hard to see why. Bitcoin is hard to use, profoundly volatile, and not as widely accepted as cash or credit cards. Many of these things will get better in the future, but that doesn’t change the situation right now. In some limited circumstances (sending small amounts of money to strangers, as in Reddit’s CoinTip, or when sending remittances across national borders), there is a legitimate independent case to be made for it, but by and large cryptocurrencies have been a much tougher sell for people who trust the Federal Reserve and believe in the Keynesian notion that controlled inflation builds strong economies. [ 442 more words. ]
coinreport.net
This One Little Bitcoin Price Rule Drives Banks Crazy http://wp.me/p4dVIu-3ni
Ahhh, everyone loves a little click-bait on Monday afternoons, am I right? But unlike every other bit of click-bait you might see that follows the syntactic rules of the headline to this article - this one is a real rule. What is it? Let’s start off by answering that. The rule is about Bitcoin price following a bubble. Bitcoin has repeatedly bubbled up, and after having done so, crashed in quite dramatic fashion. [ 704 more words. ]
coinreport.net
Airbitz debuting Bitcoin wallet at Inside Bitcoins conference http://wp.me/p4dVIu-3nf
Today at the Inside Bitcoins conference in Las Vegas, San Diego-based Airbitz will launch its new mobile wallet for Bitcoin, available for both Android and iOS. According to a description on Airbitz’s website, the wallet’s features and functionality include simple account creation using just a login and password; multiple wallets per account with simple user-defined wallet names; multiple fiat currency support; automatic wallet backup and multi-device synchronization; decentralized server architecture, allowing wallets to functions even if Airbitz servers are down; integration with Airbitz’s business directory; local client-side encryption of all user keys and data; and zero-knowledge and zero-access to user funds, keys, or data by Airbitz or third parties. [ 876 more words. ]
coinreport.net
Potential Bitcoin Feature ‘CHECKLOCKTIMEVERIFY’ Makes Smart Contracts Smarter http://wp.me/p4dVIu-3na
One of the core Bitcoin devs, Peter Todd, posted a draft yesterday describing a potential Bitcoin feature that enables some exciting new decentralized possibilities. The feature, which extends the limited "smart contract" scripting system built into Bitcoin, is called "CHECKLOCKTIMEVERIFY" and builds upon an existing feature called "nlocktime." "Nlocktime" is a feature that makes it possible to instruct miners to delay adding a transaction into the block chain until an specified date in the future. [ 369 more words. ]
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