LeakedSource Publishes an Update on BTC-E and BitcoinTalk Hacking Incidents Hacking incidents are not unheard of, especially in the Bitcoin sector. The frequency of reports on Bitcoin exchanges being compromised is on an increase. However, the extent of damage is not always clear, except in cases where the targetted platform decides to divulge the details in the name of transparency. Sometimes it takes years before the user gets to know the full story. LeakedSource, a website that keeps track of stolen user information has published information about the security breaches experienced by BTC-E and BitcoinTalk in 2014 and 2015 respectively. http://www.newsbtc.com/2016/09/04/leakedsource-publishes-update-btc-e-bitcointalk-hacking-incidents/ |
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Blockchain.info wallet users seem to be facing issues with the platform. There are multiple posts on various social media platforms reporting issues with login and transaction problems. Blockchain.info, one of the leading Bitcoin wallet and blockchain explorer is said to be in the process of upgrading the platform for a while now. These issues seem to be related to Blockchain.info’s wallet and API requests. One user on Reddit reported an unusual issue after he encountered an error message saying “Unable to Acquire Transaction Lock”. However, the user later updated his complaint saying he was able to execute the transaction after repeated attempts. http://www.newsbtc.com/2016/09/04/blockchain-info-users-continue-to-face-issues/ |
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Mobile internet connectivity is quickly becoming the new norm in developing countries. Rather than relying on more expensive fibre connections, mobile data plans are a great way to stay connected to the world. Over in India, Reliance Industries have come up with a new data tariff. Prices will drop well below US$1 per GB, which may boost the number of Bitcoin users in the country to new heights. http://www.newsbtc.com/2016/09/04/bitcoin-users-india-will-benefit-reliance-jio-data-plans/ |
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After a month of dreaded stability, the price of Bitcoin began to surge rapidly, increasing from US$590 to $610 in a matter of hours. Amidst many speculations, financial experts believe that the ongoing rally in Bitcoin price is highly affected by an unexpected devaluation in Yuan announced during the G20, an international meeting of the governments and central bank governors from 20 major economies. http://www.livebitcoinnews.com/rapid-bitcoin-price-surge-yuan-devaluation-market-recovery/ |
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For the first time ever, Apple’s approved blockchains and cryptocurrencies have been revealed. The biggest technology firm in the world did this after reaching out to Anthony Di Iorio, founder of Jaxx, a crypto-currency wallet, to tell him they could no longer feature a version of Jaxx wallet in their store that features Dash functionality. https://www.cryptocoinsnews.com/apple-dash-dashpay/ |
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Brave, the browser meant to block ads and trackers by design, has launched what might be a fairly controversial service: the ability to tip websites via bitcoin. Now, after attaching your bitcoin wallet to the Brave browser, you can either tip sites manually or do so via automated installments meant to be sent regularly. They're totally anonymous, according to Brave, and the company states that neither it or anyone else will be able to connect page views with these small tips. Publishers will need to authenticate their identities before claiming their "tips." https://www.engadget.com/2016/09/02/brave-browser-lets-you-tip-your-favorite-sites-in-bitcoin/ |
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A web conference this week found a notable selection of industry thought leaders exploring lesser-publicized challenges and solutions for bitcoin scaling. Following a longer conference in June, Tuesday's "encore edition" of OnChain Scaling saw presentations from Bloq co-founder Jeff Garzik; Cornell professor Emin Gün Sirer; and Berger Singerman counsel Andrew Hinkes. A byproduct of the long-running block size debate, the event has emerged as a way to highlight proposed technical changes designed to be made to the bitcoin blockchain directly, rather than through a top-layer solution. http://www.coindesk.com/on-chain-scaling-bitcoin-blockchain-conference/ |
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Spending Bitcoin directly for everyday purchases has proven to be quite a challenge. Although there are more and more places where Bitcoin can be spent, the largest chains are still holding off. Dunkin Donuts is now on the Bitcoin radar, albeit not in a direct fashion. Egifter, a service accepting Bitcoin payments for gift cards, recently added Dunkin Donuts to their list. http://themerkle.com/egifter-lets-bitcoin-users-buy-dunkin-donuts-gift-card-balances/ |
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The Rise Of Bitcoin And Its Influence On Online Gaming - Why Operators Should Use It Bitcoin has been enjoying a preposterous and an unbelievable journey since its origin in 2007, reaching noteworthy peaks and crossing obstacles before finally becoming a mainstream concept. This is the place where Bitcoin sits presently as hard-nosed administrative measures and reputed applications still afford the credibility of this crypto-currency. There is a change in the industry from those dark days when Bitcoin was leveraged as a tool for laundering money to buy illegitimate items from the popular yet infamous Silk Road. Clearly from the threshold of extinction, it has risen like a Phoenix and can now be deemed as a viable currency with humongous potential. http://www.huffingtonpost.com/sam-cohen/the-rise-of-bitcoin-and-i_b_11829152.html |
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GoFundMe later reinstated the campaign – a restaurant training and employment program for youth in Uganda – but only after references to Bitcoin were removed from the description at the request of GoFundMe’s staff. Bitcoin.com contacted GoFundMe to ask if there is any official policy regarding Bitcoin specifically, or campaigns using alternate donation channels. https://news.bitcoin.com/gofundme-removes-bitcoin-africa-campaign/ |
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Bitcoin airdrops are an excellent way to get cryptocurrency in the hands of as many people as possible. Various blockchain hubs located across North America will hand out Bitcoin to start the new school year. The Bitcoin Airdrop, as this giveaway is known as, is quickly becoming a yearly event students can look forward to. http://themerkle.com/blockchain-education-network-unveils-bitcoin-airdrop-plans/ |
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Imagine you have $100. That’s U.S. fiat dollars, mind you. You’re in a foreign country, like Morocco or France. In order to spend your money you either need to find someone that will exchange your U.S. dollars to the local currency, or find merchants that accept U.S. dollars. That’s probably not overly challenging in a world dominated by the U.S. economy. An economist might say that U.S. dollars are liquid, easily exchangeable for goods, services, or an equivalent value in other currencies. You would likely visit an exchange which would take a small percentage of the transaction, as low as 0% for interbank transfers, or as high as 13% via traditional exchange services. You could pay even more to a local business if you’re in a pinch. Now change the scenario. You’re at home on your computer, you’ve got a stack of Amazon gift cards, and you’re taking a 33% loss to convert Amazon gift cards to bitcoin, arguably moving from a liquid asset to a less liquid asset. Why would any rational person do this? Answer: They wouldn’t. Purse.io has built a business upon the grey and black market of stolen credit card information, supporting a potentially criminal clientele by laundering their proceeds. https://coinreport.net/purse-io-the-dadt-business-of-bitcoin/ |
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Bitfinex has reimbursed its first wave of customers. Announced 1st September, the Hong Kong bitcoin exchange revealed it had purchased more than 1% of the blockchain debt tokens it issued to users in August as a way to pay them back for losses it incurred in a debilitating hack. While a small step to recovery, analysts were largely positive about the move due in large part to the exchange's decision to purchase the tokens at an above-market value of $1 each, roughly double the market value when the redemption took place. http://www.coindesk.com/bitfinex-reimburses-first-bitcoin-exchange-hack-victims/ |
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“Let’s Raise the Bitcoin Block Size!” That’s Roger Ver’s take on the block size debate. But the Bitcoin leader has been such a staunch proponent of increasing the block size, we at CCN, thought we’d take some of Roger’s most recent quotes on increasing the block size so that Bitcoin can take on more transactions and make a listicle. https://www.cryptocoinsnews.com/roger-ver-block-size/ |
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Browser upstart Brave is now letting you contribute Bitcoin to websites in return for ad-blocking. Beta version 0.11.6 of Brave has activated its Brave Payments, which lets you send micropayments to websites as a reward for not hitting you with ads or trackers. You turn on Brave Payments from within the open-source browser’s preferences page, then top up a wallet using Coinbase or Bitcoin. BitGo hold the virtual funds. Donations to websites are anonymous, with your IP address masked. http://www.theregister.co.uk/2016/09/02/brave_browser_bitcoin_payments_adblocking/ |
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A total of five people bid on $1.6 million in bitcoin the government auctioned on Monday, according to Inverse, which begs the question: why did so few seek to bid on the last block of bitcoins the government was auctioning from the Silk Road bust of 144,000 bitcoins? The U.S. Marshals Service (USMS) auctioned the block of 2,700 bitcoins on Monday. In six hours, someone placed the winning bid. Monday’s auction followed 44,000 bitcoins (estimated at $14.6 million) sold to four winners out of a pool of 11 bidders for Silk Road related assets. https://www.cryptocoinsnews.com/final-silk-road-auction-1-6-million-value-draws-only-5-bidders/ |
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