http://cointelegraph.com/news/112278/breaking-bter-hacked-50m-nxt-stolenhe discussion about the hard fork continues. The new version released would only freeze the hacker's account. Which means those funds would still be lost but hacker would not be able to benefit other than the 100 BTC he got by blackmailing Bter. The rest of the blockchain will be rescanned and all transactions besides those coming from the Bter account would still be valid. Another fork could "unfreeze" the account, but that would of course be subject to another round of blockchain voting.
|
|
|
|
http://www.marketwatch.com/story/cfpb-to-bitcoin-investors-youre-in-the-wild-west-2014-08-11The Securities and Exchange Commission issued its first alert last year, calling bitcoin a vehicle for Ponzi schemes. It issued another notice this May, citing bitcoin’s “potential to give rise both to frauds and high-risk investment opportunities.” Wall Street’s self-regulator, the Financial Industry Regulatory Authority, called bitcoin “more than a bit risky.” (Read: Regulators line up to crack down on bitcoin.)
|
|
|
|
http://www.coindesk.com/margin-trading-crash-price-bitcoin/The price of bitcoin declined to its lowest level since May yesterday, falling nearly 10% and ending what had been a long period of relative optimism and stability for the global bitcoin market. But while there were many theories as to what news events could have caused bitcoin’s value to fall into such a steep decline, some market observers believe that this most recent movement may have been caused not by external factors, but by the actions of bitcoin traders.
|
|
|
|
http://www.cryptocoinsnews.com/news/gavin-andresen-suspects-ponzi-schemes-bitcoin-cloud-mining/2014/08/14Gavin Andresen, perhaps the most respected and well-known Bitcoin developer today, made a rather interesting statement about Bitcoin cloud mining the other day, and the strange thing is that it went basically unnoticed by the community as a whole. Bitcoin community about mining contracts and whether or not they could be solid investments, and most of the responses were rather negative when discussion came to the long term prospects of earning money through one of these cloud mining contracts. Gavin echoed the general sentiment found in other responses, but he also took his view on the subject to the next level by stating, “I suspect many of [the Bitcoin cloud mining companies] will turn out to be Ponzi schemes.”
|
|
|
|
http://www.bloomberg.com/news/2014-08-15/spiderwoman-brings-hope-to-winklevoss-twins-bitcoin-etf.htmlTyler and Cameron Winklevoss are fighting for approval from regulators for their proposed bitcoin exchange-traded fund. They stand a chance because Spiderwoman is on the case. So nicknamed for her work on State Street Corp.’s “Spider,” the first ETF when it came to market in 1993, Kathleen Moriarty is the lawyer attempting to shepherd the Winklevoss Bitcoin Trust through the U.S. Securities and Exchange Commission. The twins, famous for their dispute with Facebook Inc. founder Mark Zuckerberg, aim to roll out the first ETF that invests in a virtual asset, an idea that has its skeptics.
|
|
|
|
http://techcrunch.com/2014/08/13/bitaccess-launches-to-make-bitcoin-atms-ubiquitous/The concept of a Bitcoin ATM isn’t new, with companies like Robocoin Technologies, GenesisCoin, Lamassu Bitcoin Ventures, and BitXatm all launching variations on bitcoin transaction hardware, but BitAccess touts an incredibly easy interface, a broader vision of how new hardware can be used, and the fact that it is the only player manufacturing its own transaction hardware.
|
|
|
|
http://www.coindesk.com/coinaltyics-building-bloomberg-bitcoin/As the tales of nearly every entrepreneur and enthusiast illustrate, it’s not hard to become fascinated with bitcoin and digital currency. Usually, bitcoin believers tell a familiar story about how they discovered cryptocurrency, including the moment of realization that lead them to become entirely engrossed in its untapped potential. Still, while there are those who seek to capitalize by building and innovating in the bitcoin ecosystem, others aim to use their understanding to benefit financially from what remains an emerging market.
|
|
|
|
http://newsbtc.com/2014/08/12/bitcoin-foundation-teams-bitgo-increased-operational-capacity/“The race towards mainstream Bitcoin adoption is happening faster than anyone expected, in no small part due to the Bitcoin Foundation’s efforts,” said Will O’Brien, BitGo CEO and co-founder. “This rapidly changing environment requires constant investment and innovation in reliable tools and services as well as security technology and policies, which is our core focus at BitGo. We are very pleased and honored to help the foundation, one of the most influential and impactful organizations in our community.”
|
|
|
|
http://techcrunch.com/2014/08/11/bitcoin-slips-as-us-consumer-finance-agency-warns-of-cryptocurrency-risks/That same contingent will likely also find it encouraging that the CFPB is paying bitcoin any mind at all. The CFPB has also started to collect complaints from consumers relating to bitcoin, and its alternative coin cousins — the government agency cites XRP and Dogecoin in its release. What are the risks according to the bureau? The usual list: scammers looking to take advantage of a growing market segment; cost to use; limited consumer protections in place; and, of course, hackers.
|
|
|
|
http://dealbreaker.com/2014/08/the-bitcoin-bugle-everyones-a-bitcoin-dealer/Since bitcoin ATMs don’t actually do what ATMs are there to do—you know, give you money—and in fact exist to do the opposite—take your money and turn it into some 0s and 1s that some people call a currency—why should you have to wait in line for it at the coffee shop? Why shouldn’t you just put it the same place you spend the rest of your money: on your iPhone?
|
|
|
|
http://cointelegraph.com/news/112243/bitcoin-analysis-week-of-aug-10-intro-to-volumeFriday Aug 1st started out as an impressive day yet sold off near the end. As a trader of the Fiat Financial Markets it would have been reasonable to pull the trigger and try and take advantage of the upward momentum, but keep in mind, the medium term trend is still down and the trader should have realized within a few days that the breakout back to US$625 is not imminent. Let us now take a look at the long-term view and see where we stand.
|
|
|
|
|
Show Posts
