http://www.wired.com/2014/09/ethereum-backers-raise-15-million/Bitcoin are valuable because they’re both useful as a currency and in short supply. Only 21 million bitcoin will ever be created. That’s not the case with Ethers. Buterin and company plan to produce 15 million of them each year on their blockchain. There’s another important difference too. You will need to use Ethers in order to run software on the Ethereum network. Buterin calls it the platform’s programming “fuel.” The 30,000 bitcoin sale is a bet that people will actually want to do this.
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http://cointelegraph.com/news/112494/nearly-5m-gmail-credentials-leaked-on-russian-bitcoin-security-forumAlleged leaked database containing 4,929,090 Gmail email addresses and related passwords was dumped on a Russian Bitcoin Security Forum. On September 9, user tvskit from Russian Bitcoin security forum BTCSec.com, first reported the dump of the 28.7 MB file containing more than 4.92 million of Gmail accounts and passwords, as well as several thousands of credentials from Russia's largest email service Yandex. According to the user, 60% of these credentials are valid. Since then, a forum administrator purged the passwords from it.
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http://uk.reuters.com/article/2014/09/11/uk-britain-boe-bitcoin-idUKKBN0H61HL20140911Bitcoin and similar digital currencies may be at increasing risk of fraud and could damage Britain's economy if they find widespread use, the Bank of England said on Thursday. The BoE said the finite supply of Bitcoins - which are traded between users outside the banking system, and used to buy goods ranging from pizzas to PCs - meant that an economy where they formed the main currency would be at risk of deflation.
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http://techcrunch.com/2014/09/10/coinbase-europe/A lot of the regulatory environment is still unclear. Some countries have posted guidance on it, while others have been totally silent about it,” said Coinbase CEO Brian Armstrong. “We went through a process with each of these countries. We interpreted their guidance, told regulators about our plans and our goals of what we wanted to do. We had a bit of a dialogue, and some countries got comfortable. I will say we certainly have taken a more proactive reaching out to regulators.
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http://www.ibtimes.com/5-million-gmail-usernames-passwords-hacked-posted-russian-bitcoin-forum-report-1684368Hackers appear to have dumped nearly 5 million Gmail usernames and passwords to a Russian bitcoin forum. Word first spread of the still-unconfirmed hack when a user posted a link to the log-in credentials in a security-centric corner of Reddit frequented by hackers, professional and aspiring. The database (which International Business Times will not link to) contains 4.93 million Google accounts belonging to English-, Russian- and Spanish-speaking users. Posts on the Russian-language bitcoin security forum asserted that more than 60 percent of the identities in question were still in use and could be accessed immediately, reported RIA Novosti, a Russian media outlet.
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http://www.coindesk.com/bitflyer-launches-japans-first-bitcoin-crowdfunding-platform/Japanese bitcoin market bitFlyer has added a bitcoin crowdfunding platform called ‘fundFlyer’ to its feature list, launching the first service of its type in the country. The system works in a fashion similar to more established crowdfunding services like Kickstarter and Japan’s own Shooting Star, but is taking a significant step towards mainstreaming bitcoin use in its home country with at least one high-profile user.
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http://blogs.wsj.com/digits/2014/09/08/pay-for-uber-in-bitcoin-coming-soon/Braintree, which is owned by eBay, will roll out the capability in coming months, said CEO Bill Ready at the TechCrunch Disrupt conference in San Francisco on Monday. Merchants who use its payment processing software – including a host of buzzy startups like Uber, Airbnb and TaskRabbit – will be able to choose to accept the currency.
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http://blogs.wsj.com/moneybeat/2014/09/09/hacker-claims-to-crack-email-of-bitcoin-creator-satoshi-nakamoto/It appears the hacker has obtained control of the email account satoshin@gmx.com, the same email address cited atop the original white paper published by the bitcoin founder in August 2008. Messages from this address have been posted to various online forums and reportedly sent to people in the past 24 hours with content written in a style inconsistent with the founder’s previous public statements. In one of those messages, including one to a Pastebin forum, the poster is promising to release details of the real Nakamoto’s identity if he is paid 25 bitcoins–valued at about $11,700 at current prices.
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http://www.fastcompany.com/3035430/fast-feed/paypal-finally-embraces-bitcoinFor PayPal, it was a question of when. The payments company has long hedged on its stance on bitcoin--just a couple of weeks ago, it told Fast Company: "We do believe that bitcoin will play an important role in payments in the future but we have nothing to announce"--but as the virtual currency soared in valuation and adoption, it became harder to ignore.
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http://www.engadget.com/2014/09/08/paypal-bitcoin/Remember that One Touch mobile payment solution PayPal announced last month? It's ready -- Braintree CEO Bill Ready announced at Disrupt that customers with the PayPal app will have access to mobile payments starting today. The mobile payment platform is the first fruit Braintree has borne since PayPal acquired it last year, but it isn't the last: Ready says his company is laying the foundation for PayPal Bitcoin payments, too.
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http://www.coindesk.com/braintree-ceo-paypal-moving-toward-bitcoin-acceptance/Braintree, a subsidiary of eBay-owned PayPal that was acquired for $800m in 2013, revealed on its blog that it intends to release a software development kit (SDK) developers and merchants can use to add bitcoin to their existing payment methods. The integration is the result of a partnership with Coinbase, which was first reported to be in talks with Braintree about a potential partnership this August. Further, the news was officially announced at TechCrunch Disrupt San Francisco during a talk given by Braintree CEO Bill Ready.
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http://www.coindesk.com/dutch-campaign-aims-see-bitcoin-classified-money/Bitcoin company Bitonic has launched a crowdfunded campaign aimed to support efforts to define bitcoin as money in the Netherlands. The campaign has been dubbed Bitcoin is Geld (literally: ‘bitcoin is money’) and has so far raised more than 30 BTC. The cause enjoys the support of the Dutch Bitcoin Foundation and law firm SOLV.
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http://leaprate.com/2014/09/07/first-america-now-britain-chancellor-to-unveil-bitcoin-plans-in-uk-budget/In total contrast to last year’s chain of events surrounding Bitcoin which would cause even the most risk-hungry investor to head for the hills, the overwhelming turn in the opposite direction this year in North America has made its way across the Atlantic to Britain as the nation’s Treasury prepares to include important aspects relating to Bitcoin in the annual Budget. In Britain, the Chancellor of the Exchequer delivers the Budget each year, which consists of new financial measures intended to grow the economy as well as new taxation rules, as well as the annual declaration of spending by public sector organizations.
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http://online.wsj.com/articles/bitcoin-promoter-charles-shrem-pleads-guilty-1409870506Mr. Shrem, 24 years old, pleaded guilty to aiding and abetting the operation of an unlicensed money-transmitting business. Robert Faiella, who the Manhattan attorney's office alleged was Mr. Shrem's accomplice, also pleaded guilty Thursday to operating an unlicensed money-transmitting business. In both of the plea agreements, the sentencing guidelines include 57- to 60-months imprisonment. There is also a maximum fine of $250,000 or twice the amount of money derived from the crime or two times the loss to the victim, whichever is greatest. The final sentence will be determined by U.S. District Judge Jed Rakoff.
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http://www.ibtimes.co.uk/bitcoin-chinese-yuan-overtakes-us-dollar-trading-volume-1464279Chinese bitcoin exchange BTC China said in a tweet that about 71% of bitcoin trades last month came from the Chinese market. The exchange sourced bitcoinity to substantiate its claim. The website, which cautions its data is "unfinished" and "may change its form completely", says the Chinese yuan claimed a 71.35% share of total bitcoin transactions over the last month, followed by 23.16% of the US dollar.
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