Purse.io, a leading online marketplace for digital currencies, has introduced a new service ‘Purse Pre’ which will allow customers to order all of the hottest pre-order technologies and consumer electronics from a single website. Pre-orders quite often face several problems such as shipping delays, technical issues or outright failures. More often than not customers are left with neither the refund nor the product. Even the consumer protection provided by credit cards only lasts 90 days. Purse aims to make the process of pre-ordering items hassle free for shoppers. http://www.econotimes.com/Preorder-Latest-Technology-Using-Bitcoin-With-Purse-Pre-209719 |
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School In San Francisco Begins Recording Student Achievements Through Blockchain San Francisco based Holberton School of software engineering begins using public blockchain to record, verify and track student credentials. The educational institution announced on October 2015 that it has become the world's first school to deliver academic certificates secured and accessible via the blockchain. It also said that this ensures high-quality certificate recognition for Holberton School students and tackling the threats of false resumes and fake certificates. The school also announced a partnership with Bitproof, a startup specialized in documents certification in the blockchain. Bitproof is an online blockchain notary that delivers cryptographic timestamped proofs of integrity using the blockchain technology. A press release by HireRight exposed a candidate who lied on the resume. To solve such struggles that companies face, Holberton School has chose to store students records through blockchain. "Lying about education credentials is a common problem, and today it is very easy to counterfeit academic diplomas and certificates," said Blake Haggerty, recruiter at CoreOS in the press release. He added that, "In addition, the process to check someone's degree is quite laborious, as you need to get the school's contact information, reach the right person and do it again for every candidate. Medium and big companies often delegate this task to third parties as it is very time and money consuming." http://www.econotimes.com/School-In-San-Francisco-Begins-Recording-Student-Achievements-Through-Blockchain-210094
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This section is an overview of news headlines or events that may affect BTCUSD. *It was a relatively slow week for bitcoin in the media and there were no significant catalysts. *The bitcoin block reward halving is estimated to occur on July 10, 2016, in about 10 weeks. The supply will halve - and assuming demand remains the same, the post-halving value per bitcoin is over $915. Extrapolating this based on the current market price, the present value of one bitcoin is around $230 - an attractive entry price. http://bravenewcoin.com/news/bitcoin-price-analysis-a-quiet-week-comes-to-an-end/ |
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Silk Road 3.0 took it from there. However in January of this year the site went down. But as of May 7th the site is back and fully operational. The revamped Silk Road 3.0 has some fancy new design features and the promise of increased security. The group that operates the site is supposedly by the same person(s) that run Crypto Market. (Also see this link .) The outward concentration on security and aesthetics may mark a turning point in the evolution of these types of sites. The mainstream media coverage coupled with the changing attitudes about drugs have spun up a marketplace where the user base expects certain qualities in order to participate. Bitcoin and the first Silk Road will inseparable in the general public’s mind in 2011. Now it is different. https://www.cryptocoinsnews.com/silk-road-3-0-back-will-last/ |
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The company released a statement: Dear Users, Last night Asia time, we suspected a potential leak on our hot wallets. Therefore, we decided to shut down the exchange and ports in order to minimise further potential losses, and we are conducting a full forensic investigation to identify the root of the issue. This is why Gatecoin’s user interface and API are currently offline. Please be sure that we will do our best effort to investigate, fix the issue ASAP and we will cover for the potential losses. We store 95% of users’ crypto-asset funds in multi-sig cold storage vaults, so your funds are safe. Please accept our deepest apologies for this disruption. We will keep you regularly updated on the progress made by our team. Sincerly, The Gatecoin Team http://themerkle.com/gatecoin-exchange-is-investigating-a-possible-hack/ |
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Bitcoin price is having trouble picking a direction, as risk sentiment has been shifting quickly recently. Higher-yielding assets lost ground earlier on after the Chinese trade balance reflected weaker domestic demand but risk-taking took place when crude oil rallied yesterday. The US oil inventories report showed a reduction of 3.4 million barrels in stockpiles, easing fears of an oversupply somewhat. The decline came mostly from Venezuela and traders are anticipating further reductions due to the recent forest fires in Alberta, Canada. The US retail sales and PPI figures due on Friday could provide more direction for the dollar and therefore bitcoin price, with strong readings likely to spur dollar demand a downside break. Weak results, on the other hand, could keep bitcoin price supported. http://www.newsbtc.com/2016/05/12/bitcoin-price-technical-analysis-05122016-bearish-flag-pattern/ |
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Longtime Bitcoin core developer Jeff Garzik acknowledges Bitcoins’ branding problem. “The bitcoin name, in terms of marketing, is something that larger institutions are somewhat reluctant to deal with, related to the history with Mt Gox and Silk Road, most notably.” Garzik bemoans how this reputation follows the word Bitcoin. Luckily, it doesn’t follow the technology. And, that’s how he plans on getting some of the largest multinational firms in the world to adopt not only blockchain technology, but Bitcoin as well. “It’s a very simple psychological trick: you switch out ‘Bitcoin’ for ‘blockchain’ and then, suddenly, they are very interested,” Garzik told CCN. Garzik believes it is very important to make Bitcoin a part of the blockchain discussion again. “In my view and my mind,” Garzik said, “it’s absolutely critical again to get that public network software, that Bitcoin or Ethereum software, into these private networks.” https://www.cryptocoinsnews.com/jeff-garziks-stealthy-ploy-to-get-bitcoin-onto-private-blockchains/ |
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Whilst the term ‘BTC’ has long been the standard abbreviation for Bitcoin, there is a growing call from the Bitcoin community and exchanges in particular to begin referring to it as ‘XBT’. However, its semi-pseudonymous creator, Satoshi Nakamoto, still refers to it as ‘BTC’. What is a proper way to abbreviate Bitcoin? Should it be BTC or XBT? Although many may consider this to be a matter of triviality, for others, including myself, the abbreviation to which Bitcoin adheres is a topic of great interest. At first glance, to someone unfamiliar with the age-old industry of currency and commodity trading, this notation might seem convoluted. Why change something that is recognised by all and has widespread usage throughout the community? http://cointelegraph.com/news/how-should-we-abbreviate-bitcoin-and-ether |
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First he publicly backs Craig Wright, saying that the Australian computer scientist really is the man who created bitcoin under the alias Satoshi Nakamoto. Then, when Wright’s own promised evidence falls apart – utterly disintegrates, really, faster than a tissue left in your pocket when you wash a pair of jeans on the spin cycle – he can only respond “what the heck?” On Thursday, it became clear that Wright wasn’t even going to try to provide any other evidence, and Andresen started mulling platitudes, tweeting: “‘we are all Satoshi’ is such a lovely idea; might say ‘yes’ when asked ‘are you?’” Now, it looks like Andresen might have just been fired from Bitcoin development. He took over development of the Bitcoin code from Nakamoto himself when the latter retired from the scene, but since then he has also taken a back seat, leaving others to do the heavy lifting. http://www.hitc.com/en-gb/2016/05/07/bitcoin-project-blocks-out-gavin-andresen-over-satoshi-nakamoto/ |
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Bitcoin has a governance problem, no matter who created it As one would-be father of bitcoin falls by the wayside, squabbling among the web-based currency's lead developers is exposing a fundamental flaw: it must evolve to meet growing demand, but may lack a governance structure to achieve this. The latest bickering erupted after Australian entrepreneur Craig Wright promised to prove he was the mysterious creator of bitcoin - which allows users to move money across the world quickly and anonymously - but then said on Thursday he could not provide further evidence to back this up. Wright stopped short of reneging on his claim to be Satoshi Nakamoto, assumed to be a pseudonym for the person or people who launched the digital cryptocurrency in 2009. However, he apologised for damaging the reputations of bitcoin experts who had believed him. Read more at: http://www.moneycontrol.com/news/world-news/bitcoin-hasgovernance-problem-no-matter-who-created-it_6571681.html?utm_source=ref_article |
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Many a liberty activist have made a pilgrimage to Twin Mountain Country Store as it has long been known as the only place in NH one can buy gasoline with bitcoin. It’s also a shrine to liberty – the store is decked out with various liberty propaganda and signage. Looking at all of it would take some time. It’s a fun trip to make when in the White Mountains and now you have one more reason: it’s the third public location of a Bitcoin Vending Machine in New Hampshire! (Keene and Manchester being the others.) http://freekeene.com/2016/05/07/third-nh-bitcoin-vending-machine-launches-in-north-country/ |
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Charts don’t always tell the full story, and that situation is no different when it comes to these Google Trends results. Even though the number of Bitcoin searches has more than doubled, traffic did not start picking up until May 1st and 2nd, which was close to the date when Craig Wright claimed to be Satoshi Nakamoto. Whether or not this vast number of searches comes from mainstream media outlets trying to educate themselves on Bitcoin all of a sudden, remains to be seen. But it is probably not a coincidence to see the number of searches more than double before the Satoshi Nakamoto announcement. Someone has been doing a lot of research on Bitcoin all of a sudden. http://themerkle.com/bitcoin-searches-more-than-double-according-to-google-trends/ |
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The cyber-currency has revolutionised money but can be used for frightening purposes ‘Technology is neither good nor bad,” according to Kranzberg’s first law of technology, “nor is it neutral.” Technology usually reflects and then spreads the beliefs of whoever invented it, whether it’s iPhones or Bloomberg. This week, an Australian computer scientist called Craig Wright announced that he was the mysterious Satoshi Nakamoto, the man who invented the crypto-currency Bitcoin. (In keeping with currency’s shadowy nature, many Bitcoin users do not believe him. I remain unsure.) http://www.thetimes.co.uk/article/beware-the-dark-side-of-the-bitcoin-miracle-2xs57dr8m |
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As the debate still rages on about who the Bitcoin founder is, the tech industry isn’t really following it. That’s because bitcoin, the digital currency, has largely been supplanted by blockchain, the technology that underlies it, as the main interest of investors, technology companies and financial institutions, say reports. The blockchain technology works by creating permanent, public “ledgers” of all transactions that could potentially replace complicated clearing and settlement systems with one simple ledger. Still, bitcoin is by far the largest implementation of blockchain technology and there is considerable debate as to whether one can truly develop without the other. http://tech.firstpost.com/biztech/blockchain-the-underlying-bitcoin-technology-thats-worth-so-much-more-312966.html |
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Balaji Srinivasan, co-founder and CEO of 21 Inc, announced the launch of the 21 software package at the Consensus 2016 blockchain conference, allowing anyone with a computer to receive bitcoin. Freely available, the software allows any connected device to join the 21 network, enabling connectivity with the 21 Marketplace and providing capabilities that were previously only available to owners of the 21 Bitcoin Computer. http://www.coindesk.com/21-plan-bitcoin-computer/ |
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The rate of stories ending “now accepts bitcoin” has slowed down from the pace it was at a couple years ago, but this one’s a big one. Get out your internet wallets, because Steam now accepts bitcoin. Bitcoin service Bitpay has announced that it has partnered with Steam to allow users to pay using the cryptocurrency. “Valve reached out to us because they were looking for a fast, international payment method for emerging gaming markets in countries like India, China, and Brazil,” wrote Bitpay business director Rory Desmond. http://www.technobuffalo.com/2016/05/01/steam-now-accepts-bitcoin/ |
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"Hackers didn't steal Bitcoin from customers" By design, ShapeShift is unique among all other Bitcoin traders because it doesn't require users to create accounts. The service lets users transfer funds from one Bitcoin wallet to another using a universal transactions dashboard. It's because of this unique design that the attackers weren't able to steal any funds from the users utilizing ShapeShift's service. "By design, ShapeShift doesn't hold customer balances, so even in the case of a security breach, there is no customer money at risk," said Mr. Voorhees. "We've built customer protection into our platform – hacks may be inevitable, but customer losses should not be. Not a cent of customer funds was lost, nor could they have been." http://news.softpedia.com/news/shapeshift-bitcoin-trader-decides-to-rebuild-service-following-cyber-attack-502782.shtml |
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The PETYA ransomware is just one of the recent examples of malware that encrypts victims' hard drives until a fee is paid. The advice from the government is not to pay the ransom -- or at least not expect to get a decryption key if you do -- but a password generator has been created that means you can decrypt your hard drive for free. While TeslaCrypt 4 boasts 'unbreakable encryption', the same cannot be said of PETYA, although the PETYA ransomware does have the irritating habit of overwriting MBRs. This does mean that there is no way to interact with the drive on the infected computer, but with access to a spare machine to read the drive and access to the online tool created by Leostone, you could have your data back in seconds. As the tool's website proudly proclaims, you can "Get your petya encrypted disk back, WITHOUT paying ransom!!!" -- here's what you need to do. http://betanews.com/2016/04/10/free-petya-password-generator/ |
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Market Sentiment This section is based on internal (anonymized) Whaleclub trading data and is published exclusively on BNC. Current Active Long vs Short Volume Ratio: 2.5:1 Average Active Long vs Short Volume Ratio: 1.8:1 We have a 50% excess in active long volume relative to the average. The average weighted long entry price is $418.28, which is lower than the current market price - on average, active longs are in the green. Sentiment is bullish, and the bears have again failed to make lower lows, with relatively little action or volatility in the bitcoin markets. Nobody is really sure why, but it looks like a storm is brewing. However, one thing is certain; once the market chooses a direction after this months-long consolidation, the trend it creates will be strong and long-lasting. And that time may come soon. http://bravenewcoin.com/news/bitcoin-price-analysis-how-to-cash-in-on-the-upcoming-price-action/ |
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