Test CircleCount PRO now!
Login now

Not your profile? Login and get free access to your reports and analysis.

Patrick Ulrich

Patrick Ulrich 

Baseball fan, technology addict, political junkie

Occupation: Bitcoin and Mobile Communications Enthusiast

Birthday: 01/20/1987

Followers: 7,990

Following: -

Views: 25,116,453

Cream of the Crop: 11/11/2015

Added to CircleCount.com: 03/03/2012That's the date, where Patrick Ulrich has been indexed by CircleCount.com.
This hasn't to be the date where the daily check has been started.
(Update nowYou can update your stats by clicking on this link!
This can take a few seconds.
)

Tags

Sign in

No tag added here yet.
You can login on CircleCount to add some tags here.

Are you missing a tag in the list of available tags? You can suggest new tags here.

Login now

Do you want to see a more detailed chart? Check your settings and define your favorite chart type.

Or click here to get the detailed chart only once.

Patrick Ulrich has been at 1 events

HostFollowersTitleDateGuestsLinks
Google Play9,533,625Join us for a special Google Play hangout with hip hop's biggest newcomer, +Kendrick Lamar (http://goo.gl/s66EK) on Wednesday, March 13. Lamar will be live from Austin's South by Southwest Festival to open up to fans about how a kid from Compton came up through the ranks to create one of 2012's most acclaimed albums, _good kid, m.A.A.d city_. Leave your questions for Kendrick using #kendricklamarhangout for a chance to have it answered on air. #kendricklamarhangout #kendricklamar #gkmc #poeticjustice #sxsw   *About the Hangout* +Kendrick Lamar was a kid growing up in Compton in the 1990s, trying to stay out of trouble. By 16, he'd recorded his first mixtape, under the name K. Dot. 2012's good kid, m.A.A.d city, Lamar's major label debut album, is a sprawling masterpiece of technical rapping and structured storytelling that defies and expands the conventions of his genre.Google Play presents: Kendrick Lamar2013-03-13 12:30:003148  

Shared Circles including Patrick Ulrich

Shared Circles are not available on Google+ anymore, but you can find them still here.

The Google+ Collections of Patrick Ulrich

Activity

Average numbers for the latest posts (max. 50 posts, posted within the last 4 weeks)

3
comments per post
4
reshares per post
32
+1's per post

873
characters per posting

Top posts in the last 50 posts

Most comments: 14

posted image

2016-04-19 15:10:02 (14 comments; 22 reshares; 121 +1s)Open 

Is Bitcoin Becoming More Stable Than Gold?

Digital gold is starting to look slightly more stable than its physical counterpart.

Since its inception several years ago, bitcoin has seen wild prices swings as advocates have tried to establish the nascent technology as a widely-used digital currency. But for the past three weeks, the price volatility of bitcoin has remained below or equal to that of safe-haven gold, according to data analysis from FactSet and CoinDesk.

The last 24 days mark the longest period in which bitcoin prices have been less volatile than gold prices, going back to 2010. Some point to the drop as a sign that investor perception of bitcoin is drawing closer to gold as a safe store of value.

Most reshares: 22

posted image

2016-04-19 15:10:02 (14 comments; 22 reshares; 121 +1s)Open 

Is Bitcoin Becoming More Stable Than Gold?

Digital gold is starting to look slightly more stable than its physical counterpart.

Since its inception several years ago, bitcoin has seen wild prices swings as advocates have tried to establish the nascent technology as a widely-used digital currency. But for the past three weeks, the price volatility of bitcoin has remained below or equal to that of safe-haven gold, according to data analysis from FactSet and CoinDesk.

The last 24 days mark the longest period in which bitcoin prices have been less volatile than gold prices, going back to 2010. Some point to the drop as a sign that investor perception of bitcoin is drawing closer to gold as a safe store of value.

Most plusones: 121

posted image

2016-04-19 15:10:02 (14 comments; 22 reshares; 121 +1s)Open 

Is Bitcoin Becoming More Stable Than Gold?

Digital gold is starting to look slightly more stable than its physical counterpart.

Since its inception several years ago, bitcoin has seen wild prices swings as advocates have tried to establish the nascent technology as a widely-used digital currency. But for the past three weeks, the price volatility of bitcoin has remained below or equal to that of safe-haven gold, according to data analysis from FactSet and CoinDesk.

The last 24 days mark the longest period in which bitcoin prices have been less volatile than gold prices, going back to 2010. Some point to the drop as a sign that investor perception of bitcoin is drawing closer to gold as a safe store of value.

Latest 50 posts

posted image

2016-04-28 03:01:29 (4 comments; 4 reshares; 52 +1s)Open 

Gaming Platform Steam Now Accepting Bitcoin

Confirming a long-rumored move, gaming and digital media platform Steam is now accepting bitcoin payments through processing service BitPay.

The announcement today confirms earlier reports that Valve, the company that operates Steam, had sought to add the digital currency as a payment option. Steam was said to have told its developer community in a recent update that it was moving to accept bitcoin.

http://goo.gl/uQozPW

Steam may accept Bitcoin for games in the future

Valve is a company that's known for innovating. After all, they were the first company to get PC gamers to welcome DRM with open arms. They also pioneered the idea of letting you sell collectable hats. Well, if rumors are to be believed, they might soon change the way you pay for video games.

No, you won't be able to trade “favors” for the next must-have game. Instead, it would seem that Valve is looking at Bitcoin as an alternative for the good old US dollar. Bitcoin has been around for a while, and it's still being adopted at a rather slow pace. However, I'm not currently aware of any major outlet where I can directly pay in Bitcoin, and receive a game. So Valve jumping on board might help adoption, in a small way.

The rumor comes from a leak of Steam's translation project. The leak has a lot of text for Bitcoin transactions, as well as specifically citing BitPay as the company providing the Bitcoin payment processing.___Gaming Platform Steam Now Accepting Bitcoin

Confirming a long-rumored move, gaming and digital media platform Steam is now accepting bitcoin payments through processing service BitPay.

The announcement today confirms earlier reports that Valve, the company that operates Steam, had sought to add the digital currency as a payment option. Steam was said to have told its developer community in a recent update that it was moving to accept bitcoin.

http://goo.gl/uQozPW

posted image

2016-04-27 02:52:46 (12 comments; 3 reshares; 43 +1s)Open 

Lost $136,000 in Bitcoin? This Mining Pool is Looking for You

A bitcoin transaction with a 291 BTC fee worth $136,700 was processed as part of block 409,008 on the bitcoin network today, sparking speculation as to the nature of what many are considering a colossal error by an unknown user.

The fee, one of many sent daily to pay bitcoin’s mining network for processing, managed to draw attention on social media due to its notable size. The average cost to clear a transaction on the bitcoin network was 31 satoshis, or roughly $0.01 at press time, a factor providing evidence of a potentially erroneous transaction.

Now, bitcoin mining pool BitClub, which claims to operate two mining locations in Iceland, has sent an email to users in which it asserted that it mined the block. BitClub said it earned a total of 316 BTC (or about $147,000) in fees, the figure equalling thef... more »

Lost $136,000 in Bitcoin? This Mining Pool is Looking for You

A bitcoin transaction with a 291 BTC fee worth $136,700 was processed as part of block 409,008 on the bitcoin network today, sparking speculation as to the nature of what many are considering a colossal error by an unknown user.

The fee, one of many sent daily to pay bitcoin’s mining network for processing, managed to draw attention on social media due to its notable size. The average cost to clear a transaction on the bitcoin network was 31 satoshis, or roughly $0.01 at press time, a factor providing evidence of a potentially erroneous transaction.

Now, bitcoin mining pool BitClub, which claims to operate two mining locations in Iceland, has sent an email to users in which it asserted that it mined the block. BitClub said it earned a total of 316 BTC (or about $147,000) in fees, the figure equalling the fee plus the 25 BTC network reward.

However, in the email, the mining pool said that it is willing to return the fee, should the user come forward and identify themselves.___

posted image

2016-04-21 18:55:08 (4 comments; 1 reshares; 38 +1s)Open 

Fold Relaunches Card for Cash: Trade Gift Cards for Bitcoin

Matt Luongo, the founder of Fold, and his team are known for creating an app that lets you spend bitcoins at large retailers such as Starbucks, Target and Whole Foods for a discount. Today they have returned to their roots by re-launching another product they created for the space, to help people earn bitcoins from their gift cards.

The product is called Card For Coin and in a statement to Bitcoin Magazine, Luongo explains that it is a re-release of their first release, originally launched in 2014.

Since 2014, the team spent more time focusing on developing the consumer side of their other business, which they called Coin for Coffee, until it was rebranded to Fold when the scope of the app broadened to niches other than coffee. Now, Luongo tells Bitcoin Magazine that the team is “excited to revamp theirf... more »

Fold Relaunches Card for Cash: Trade Gift Cards for Bitcoin

Matt Luongo, the founder of Fold, and his team are known for creating an app that lets you spend bitcoins at large retailers such as Starbucks, Target and Whole Foods for a discount. Today they have returned to their roots by re-launching another product they created for the space, to help people earn bitcoins from their gift cards.

The product is called Card For Coin and in a statement to Bitcoin Magazine, Luongo explains that it is a re-release of their first release, originally launched in 2014.

Since 2014, the team spent more time focusing on developing the consumer side of their other business, which they called Coin for Coffee, until it was rebranded to Fold when the scope of the app broadened to niches other than coffee. Now, Luongo tells Bitcoin Magazine that the team is “excited to revamp their founding product.”

Start getting your discounts today using the Airbitz Wallet (https://airbitz.co/bitcoin-wallet/) or converting your old gift cards using Cards for Coin (https://cardforcoin.com/)___

posted image

2016-04-19 15:10:02 (14 comments; 22 reshares; 121 +1s)Open 

Is Bitcoin Becoming More Stable Than Gold?

Digital gold is starting to look slightly more stable than its physical counterpart.

Since its inception several years ago, bitcoin has seen wild prices swings as advocates have tried to establish the nascent technology as a widely-used digital currency. But for the past three weeks, the price volatility of bitcoin has remained below or equal to that of safe-haven gold, according to data analysis from FactSet and CoinDesk.

The last 24 days mark the longest period in which bitcoin prices have been less volatile than gold prices, going back to 2010. Some point to the drop as a sign that investor perception of bitcoin is drawing closer to gold as a safe store of value.

Is Bitcoin Becoming More Stable Than Gold?

Digital gold is starting to look slightly more stable than its physical counterpart.

Since its inception several years ago, bitcoin has seen wild prices swings as advocates have tried to establish the nascent technology as a widely-used digital currency. But for the past three weeks, the price volatility of bitcoin has remained below or equal to that of safe-haven gold, according to data analysis from FactSet and CoinDesk.

The last 24 days mark the longest period in which bitcoin prices have been less volatile than gold prices, going back to 2010. Some point to the drop as a sign that investor perception of bitcoin is drawing closer to gold as a safe store of value.___

posted image

2016-04-13 21:14:03 (1 comments; 1 reshares; 3 +1s)Open 

Facebook announces its 360-degree camera

At its annual F8 developer conference, Facebook introduced its latest piece of hardware: the Facebook Surround 360 camera. The device will capture footage then render it online via web-based software created especially for it. Facebook won't be selling it; instead the designs for the array will be available on GitHub later this summer.

Facebook announces its 360-degree camera

At its annual F8 developer conference, Facebook introduced its latest piece of hardware: the Facebook Surround 360 camera. The device will capture footage then render it online via web-based software created especially for it. Facebook won't be selling it; instead the designs for the array will be available on GitHub later this summer.___

posted image

2016-04-13 20:48:02 (1 comments; 0 reshares; 2 +1s)Open 

Prepaid cellphone customers in Kentucky will pay an extra 93 cents to support local 911 emergency services under a bill signed into law by Gov. Matt Bevin. http://goo.gl/B46MKj?utm_medium=social&utm_source=google_WKYT

Prepaid cellphone customers in Kentucky will pay an extra 93 cents to support local 911 emergency services under a bill signed into law by Gov. Matt Bevin. http://goo.gl/B46MKj?utm_medium=social&utm_source=google_WKYT___

posted image

2016-04-13 19:38:12 (7 comments; 9 reshares; 52 +1s)Open 

Blockchain Investment Fund Seeks $100 Million from Major Banks

A new investment fund is seeking to raise as much as $100m over the next two years to fuel investments in the blockchain space.

Founded by financial technology consultant Chris Skinner and Singapore-based venture capital firm Life.Sreda, the Banking on Blockchain Fund is hoping to raise $50m by year's end, with an additional $50m to be raised by the end of 2017.

Life.Sreda, whose portfolio focuses primarily on FinTech and payments, has committed $5m thus far, according to a report by Financial News.

Blockchain Investment Fund Seeks $100 Million from Major Banks

A new investment fund is seeking to raise as much as $100m over the next two years to fuel investments in the blockchain space.

Founded by financial technology consultant Chris Skinner and Singapore-based venture capital firm Life.Sreda, the Banking on Blockchain Fund is hoping to raise $50m by year's end, with an additional $50m to be raised by the end of 2017.

Life.Sreda, whose portfolio focuses primarily on FinTech and payments, has committed $5m thus far, according to a report by Financial News.___

posted image

2016-04-13 03:28:10 (6 comments; 4 reshares; 34 +1s)Open 

Airbnb just acquired a team of bitcoin and blockchain experts

Home-rental company Airbnb has “acqui-hired” the majority of the team behind ChangeCoin, a startup that runs a bitcoin-based micropayments service, according to four people with knowledge of the deal.

The alternative lodging site has been looking at a few bitcoin and blockchain startups, according to two sources, to study what the technology could do for its services. Companies like Uber and Airbnb are built on their ability to manage supply and demand, which could be aided by a powerful, open ledger system like blockchain.

Airbnb just acquired a team of bitcoin and blockchain experts

Home-rental company Airbnb has “acqui-hired” the majority of the team behind ChangeCoin, a startup that runs a bitcoin-based micropayments service, according to four people with knowledge of the deal.

The alternative lodging site has been looking at a few bitcoin and blockchain startups, according to two sources, to study what the technology could do for its services. Companies like Uber and Airbnb are built on their ability to manage supply and demand, which could be aided by a powerful, open ledger system like blockchain.___

posted image

2016-04-11 13:18:57 (0 comments; 1 reshares; 13 +1s)Open 

Newspaper Publishers Take on the Brave Fight

Leo Laporte, Om Malik, Georgia Dow, and Greg Ferro talk about the battle between Newspaper publishers and the new Ad-Blocking browser Brave.

Newspaper Publishers Take on the Brave Fight

Leo Laporte, Om Malik, Georgia Dow, and Greg Ferro talk about the battle between Newspaper publishers and the new Ad-Blocking browser Brave.___

posted image

2016-04-11 13:08:35 (1 comments; 0 reshares; 16 +1s)Open 

Storj Labs Launches Beta

Storj Labs, the distributed object storage company, is launching a beta version of the Storj platform today at the Impact Hub in Salt Lake City, Utah.

Storj enables software developers to push and pull data for their applications on a decentralized network. The data is stored by a community of “farmers”, who rent their unused disk space to the network in exchange for compensation in a cryptocurrency called Storjcoin. The company was born out of the open-source Storj project, in which a large community of developers joined forces to build the most efficient, decentralized cloud by using the blockchain as a backend.

The beta announcement has been highly-anticipated around the world. The community built around the open-source project has been actively contributing code, testing and providing feedback on platform features for nearly two yearsto ... more »

Storj Labs Launches Beta

Storj Labs, the distributed object storage company, is launching a beta version of the Storj platform today at the Impact Hub in Salt Lake City, Utah.

Storj enables software developers to push and pull data for their applications on a decentralized network. The data is stored by a community of “farmers”, who rent their unused disk space to the network in exchange for compensation in a cryptocurrency called Storjcoin. The company was born out of the open-source Storj project, in which a large community of developers joined forces to build the most efficient, decentralized cloud by using the blockchain as a backend.

The beta announcement has been highly-anticipated around the world. The community built around the open-source project has been actively contributing code, testing and providing feedback on platform features for nearly two years to make this possible. The beta is currently invite only on a first come, first served basis and will be open to the public shortly after the initial testing phase.___

posted image

2016-04-11 13:04:06 (0 comments; 7 reshares; 40 +1s)Open 

See Bitcoin change hands in real-time with this beautiful transaction visualizer

Unless you’re using cryptocurrencies already, it’s hard to know just how much Bitcoin changes hands online.

A new WebGL project called Bitbonkers visualizes Bitcoin transactions from the blockchain using 3D shapes that land on a tile in space.

The cubes represent blocks or collections of transaction records and their size varies depending on the number of bytes it contains. The colored balls represent transactions of different denominations.

http://bitbonkers.com/

See Bitcoin change hands in real-time with this beautiful transaction visualizer

Unless you’re using cryptocurrencies already, it’s hard to know just how much Bitcoin changes hands online.

A new WebGL project called Bitbonkers visualizes Bitcoin transactions from the blockchain using 3D shapes that land on a tile in space.

The cubes represent blocks or collections of transaction records and their size varies depending on the number of bytes it contains. The colored balls represent transactions of different denominations.

http://bitbonkers.com/___

posted image

2016-04-06 12:44:39 (6 comments; 3 reshares; 26 +1s)Open 

Barclays backs 'social payments app' Circle as it launches in UK

Barclays has become the first big British bank to form a partnership with a digital currency firm, social payments app Circle, which runs partly on bitcoin's blockchain network and launched in the UK on Wednesday.

In what Britain's Treasury called a "major milestone" in its push to make the UK the world's capital for financial technology, or fintech, Circle was granted an e-money licence by the Financial Conduct Authority, the UK watchdog - another first for a digital currency company.

The Boston-based start-up, which is backed by $76 million in venture capital and counts Goldman Sachs and investment firm Digital Currency Group among its investors, said the licence would allow it to hold users' money and to facilitate domestic and international payments.

Barclays backs 'social payments app' Circle as it launches in UK

Barclays has become the first big British bank to form a partnership with a digital currency firm, social payments app Circle, which runs partly on bitcoin's blockchain network and launched in the UK on Wednesday.

In what Britain's Treasury called a "major milestone" in its push to make the UK the world's capital for financial technology, or fintech, Circle was granted an e-money licence by the Financial Conduct Authority, the UK watchdog - another first for a digital currency company.

The Boston-based start-up, which is backed by $76 million in venture capital and counts Goldman Sachs and investment firm Digital Currency Group among its investors, said the licence would allow it to hold users' money and to facilitate domestic and international payments.___

posted image

2016-04-05 22:06:25 (0 comments; 2 reshares; 24 +1s)Open 

Opendime disposable hardware wallets sold out in two days

Opendime has created a small, disposable, USB device that must be physically broken in order to spend any funds kept on it, creating a whole new niche for bitcoin wallets. The inexpensive tool can store any amount of bitcoin, with the option to add more over time.

“Give an Opendime to anyone and they don't need to worry that you can take back the funds later,” Opendime's website says. “You've got the private keys in the device.”

It's far safer to receive an Opendime than a paper wallet. The private key, held inside the device, is generated in a secure zone that isn't accessible to anyone, even the originator, until the wallet is physically broken open.

Opendime disposable hardware wallets sold out in two days

Opendime has created a small, disposable, USB device that must be physically broken in order to spend any funds kept on it, creating a whole new niche for bitcoin wallets. The inexpensive tool can store any amount of bitcoin, with the option to add more over time.

“Give an Opendime to anyone and they don't need to worry that you can take back the funds later,” Opendime's website says. “You've got the private keys in the device.”

It's far safer to receive an Opendime than a paper wallet. The private key, held inside the device, is generated in a secure zone that isn't accessible to anyone, even the originator, until the wallet is physically broken open.___

posted image

2016-04-05 21:46:45 (0 comments; 2 reshares; 14 +1s)Open 

Blockstream Adds Another Marquee Developer in Security Pioneer

Blockstream has hired online security pioneer Christopher Allen as its standards and identity practice specialist, a role that will find him taking the lead on the company’s work with the open-source Hyperledger blockchain project, among other efforts.

The venture-backed startup, best known as a provider of enterprise tools focused on the bitcoin blockchain, was among 10 new firms to joinHyperledger last week, a move that followed more informal work with its members to discern its technical vision. Blockstream is notably one of the largest contributors of funding for Bitcoin Core, the ecosystem's largely volunteer development community.

In statements, Allen struck an inclusive tone, noting that he hopes to position Blockstream as a leader in an ecosystem that has increasingly embraced otherblock... more »

Blockstream Adds Another Marquee Developer in Security Pioneer

Blockstream has hired online security pioneer Christopher Allen as its standards and identity practice specialist, a role that will find him taking the lead on the company’s work with the open-source Hyperledger blockchain project, among other efforts.

The venture-backed startup, best known as a provider of enterprise tools focused on the bitcoin blockchain, was among 10 new firms to joinHyperledger last week, a move that followed more informal work with its members to discern its technical vision. Blockstream is notably one of the largest contributors of funding for Bitcoin Core, the ecosystem's largely volunteer development community.

In statements, Allen struck an inclusive tone, noting that he hopes to position Blockstream as a leader in an ecosystem that has increasingly embraced other blockchain protocols and technologies.___

2016-04-05 21:17:10 (0 comments; 1 reshares; 13 +1s)Open 

How Moderators and Dispute Resolution Work in OpenBazaar

OpenBazaar helps prevent fraud by having buyers send their bitcoins into a 2-of-3 multisignature address controlled by the buyer, seller, and a trusted third party. This third party offers dispute resolution in case something goes wrong. These third parties offer their services on an open marketplace.

Because OpenBazaar is a decentralized network for trade it has a very different system for moderation and dispute resolution than existing ecommerce platforms.

Traditional centralized ecommerce platforms (Amazon, eBay, Etsy, etc) have dispute resolution built into their service to reduce fraud and scams. The companies listen to disputes from a buyer or seller, make a decision to determine which party they side with, and then take action to reward the winning party or penalize the losing party. Since they control... more »

How Moderators and Dispute Resolution Work in OpenBazaar

OpenBazaar helps prevent fraud by having buyers send their bitcoins into a 2-of-3 multisignature address controlled by the buyer, seller, and a trusted third party. This third party offers dispute resolution in case something goes wrong. These third parties offer their services on an open marketplace.

Because OpenBazaar is a decentralized network for trade it has a very different system for moderation and dispute resolution than existing ecommerce platforms.

Traditional centralized ecommerce platforms (Amazon, eBay, Etsy, etc) have dispute resolution built into their service to reduce fraud and scams. The companies listen to disputes from a buyer or seller, make a decision to determine which party they side with, and then take action to reward the winning party or penalize the losing party. Since they control the platform directly, they have the power to issue refunds (or work with the payment processors who do), uphold negative reviews (or delete negative ones) and ban people from their platform altogether. The fees associated with using the platforms pays for this service (among other services).

This type of top-down, centralized disputed resolution on the platform isn’t possible with OpenBazaar, which has no central point of control. However, a platform which had no safeguards to prevent fraud wouldn’t be very appealing to users. So OpenBazaar introduces a different model: 2-of-3 multisignature escrow along with an open marketplace for third party key holders (called moderators). If these terms don’t make sense to you, let me break it down.___

posted image

2016-04-05 21:03:22 (1 comments; 7 reshares; 48 +1s)Open 

Mason Borda Orders a Tesla with Bitcoin

Anything can be bought with bitcoin. BitGo's Mason Borda has pre-ordered a Tesla Model 3 by paying for it in bitcoin.

It is now possible to buy anything with bitcoin. Starting with something as simple as a pizza worth $10 to a brand new high tech electric automobile. Bitcoin has come a long way since it was first introduced in 2008. When it was first introduced, the idea behind it was well appreciated as it solved the double spending problem which was plaguing the computer scientists for a long time.

The blockchain technology used by bitcoin allows the protocol to keep a record of all the transactions happening over the network and prevent the same digital token from being used twice (double-spend). Since its introduction, the use of Bitcoin technology has grown beyond just digital currency. The Bitcoin technology is now... more »

Mason Borda Orders a Tesla with Bitcoin

Anything can be bought with bitcoin. BitGo's Mason Borda has pre-ordered a Tesla Model 3 by paying for it in bitcoin.

It is now possible to buy anything with bitcoin. Starting with something as simple as a pizza worth $10 to a brand new high tech electric automobile. Bitcoin has come a long way since it was first introduced in 2008. When it was first introduced, the idea behind it was well appreciated as it solved the double spending problem which was plaguing the computer scientists for a long time.

The blockchain technology used by bitcoin allows the protocol to keep a record of all the transactions happening over the network and prevent the same digital token from being used twice (double-spend). Since its introduction, the use of Bitcoin technology has grown beyond just digital currency. The Bitcoin technology is now being used for a range of applications in multiple industries. Even as a currency, Bitcoin is now increasingly being accepted by various businesses across the world.

Recently, Mason Borda, a software engineer at BitGo pre-ordered a Tesla Model 3 and paid for it using bitcoin. In his blog titled “I Just Preordered a Tesla Model 3” Mason Borda  explains how he got introduced to Tesla in the first place and the process he followed to pre-order his favorite car from the electric car manufacturer.___

posted image

2016-04-05 20:55:25 (1 comments; 5 reshares; 31 +1s)Open 

Lightning Network Should Be Ready This Summer

Bitcoin’s saving grace for scalability (at least in the eyes of the vast majority of Bitcoin Core contributors) should be ready for use this summer.

The Lightning Network, which is a generalized network of payment channels that enables instant bitcoin transactions with practically no fees, could be live as soon as this summer. This new protocol layer built on top of the Bitcoin blockchain has received a lot of attention and hype over the past couple of years, and a fix for transaction malleability via Segregated Witness has resolved some of the code and design complexities involved with the network.

Lightning Network co-creator Joseph Poon recently supplied some comments to CoinJournal in regards to the current status of the project and when it will be available for general use. Poon claimed a functional version of theL... more »

Lightning Network Should Be Ready This Summer

Bitcoin’s saving grace for scalability (at least in the eyes of the vast majority of Bitcoin Core contributors) should be ready for use this summer.

The Lightning Network, which is a generalized network of payment channels that enables instant bitcoin transactions with practically no fees, could be live as soon as this summer. This new protocol layer built on top of the Bitcoin blockchain has received a lot of attention and hype over the past couple of years, and a fix for transaction malleability via Segregated Witness has resolved some of the code and design complexities involved with the network.

Lightning Network co-creator Joseph Poon recently supplied some comments to CoinJournal in regards to the current status of the project and when it will be available for general use. Poon claimed a functional version of the Lightning Network should be ready this summer.___

posted image

2016-04-05 20:45:17 (0 comments; 0 reshares; 0 +1s)Open 

It seems Skal didn't learn from Dakari's decision to go early and possibly get stuck in the development league. Here's to hoping for a better outcome for him this year.

Kentucky men’s basketball freshman forward Skal Labissiere has declared for the 2016 NBA Draft, he announced Tuesday. Labissiere plans to sign with an agent, which would effectively end his career at UK. http://www.wkyt.com/content/news/UK-forward-Skal-Labissiere-declares-for-2016-NBA-Draft-374635011.html?utm_medium=social&utm_source=google_WKYT___It seems Skal didn't learn from Dakari's decision to go early and possibly get stuck in the development league. Here's to hoping for a better outcome for him this year.

posted image

2016-04-05 15:59:52 (0 comments; 2 reshares; 29 +1s)Open 

Bitcoin Wallet Startup Now Extending Credit to Users

Bitcoin payments startup BitPagos is now giving its wallet users access to credit through its Ripio wallet offering.

At launch, the offering will be available to a select number of users in Argentina, who will be able to borrow between $500 and $1,000 in bitcoin directly from the service, with credit extended based on the user's annual salary. Users would then pay back the loan in three or six-month installments, plus interest.

Ripio and BitPagos CEO Sebastian Serrano said his team is seeking to make the digital currency more accessible for online consumers.

Bitcoin Wallet Startup Now Extending Credit to Users

Bitcoin payments startup BitPagos is now giving its wallet users access to credit through its Ripio wallet offering.

At launch, the offering will be available to a select number of users in Argentina, who will be able to borrow between $500 and $1,000 in bitcoin directly from the service, with credit extended based on the user's annual salary. Users would then pay back the loan in three or six-month installments, plus interest.

Ripio and BitPagos CEO Sebastian Serrano said his team is seeking to make the digital currency more accessible for online consumers.___

posted image

2016-04-05 15:16:24 (1 comments; 3 reshares; 33 +1s)Open 

Microsoft Inks Partnership With R3 Consortium to Bring Blockchain Tech to Financial Markets

Microsoft yesterday announced a strategic partnership with R3, a distributed ledger consortium of 40-plus global banks to push the development of blockchain technology.

The announcement came as a part of Microsoft Envision, a new event that brings together thousands of business leaders from nearly every industry to share insights and uncover solutions for success in the digital age.

The goal of the partnership according to Peggy Johnson, executive vice president of global business development at Microsoft, is to develop and test blockchain-based technologies as a replacement for the current financial infrastructure in banking and enterprise industries.

Microsoft Inks Partnership With R3 Consortium to Bring Blockchain Tech to Financial Markets

Microsoft yesterday announced a strategic partnership with R3, a distributed ledger consortium of 40-plus global banks to push the development of blockchain technology.

The announcement came as a part of Microsoft Envision, a new event that brings together thousands of business leaders from nearly every industry to share insights and uncover solutions for success in the digital age.

The goal of the partnership according to Peggy Johnson, executive vice president of global business development at Microsoft, is to develop and test blockchain-based technologies as a replacement for the current financial infrastructure in banking and enterprise industries.___

posted image

2016-04-05 15:13:46 (0 comments; 7 reshares; 34 +1s)Open 

Mozilla co-founder's ad-blocking Brave browser will pay you bitcoin to see safe ads

Brave, a new privacy and speed-focused web browser helmed by Mozilla co-founder Brendan Eich, has a plan to get you to unblock ads.

First announced in January, Brave is a web browser for Windows, Mac, Linux, iOS, and Android that has ad blocking built in. But instead of eliminating ads entirely, Brave wants to replace them with speedier, non-intrusive ads from its own network. Users who agree to see these ads will then get paid in bitcoin.

Under this plan, advertisers pay for a certain number of impressions, and Brave aggregates those payments into one sum. Websites that participate in the scheme get 55 percent of the money, weighted by how many impressions are served on their sites. Brave then divvies up the remaining bitcoin between itself, its ad-matching partner, and theus... more »

Mozilla co-founder's ad-blocking Brave browser will pay you bitcoin to see safe ads

Brave, a new privacy and speed-focused web browser helmed by Mozilla co-founder Brendan Eich, has a plan to get you to unblock ads.

First announced in January, Brave is a web browser for Windows, Mac, Linux, iOS, and Android that has ad blocking built in. But instead of eliminating ads entirely, Brave wants to replace them with speedier, non-intrusive ads from its own network. Users who agree to see these ads will then get paid in bitcoin.

Under this plan, advertisers pay for a certain number of impressions, and Brave aggregates those payments into one sum. Websites that participate in the scheme get 55 percent of the money, weighted by how many impressions are served on their sites. Brave then divvies up the remaining bitcoin between itself, its ad-matching partner, and the users, each getting a 15 percent share.

For both users and publishers, Brave deposits the money into individual bitcoin wallets, and both parties must verify their identity to claim the funds. This requires an email and phone number for users, and more stringent identification steps for publishers. Users who don’t verify will automatically donate their share of the funds back to the sites they visit most.___

posted image

2016-04-05 14:33:06 (2 comments; 3 reshares; 19 +1s)Open 

Court Takes Control of Digital Currency Exchange Cryptsy

A Florida court has frozen the assets of the digital currency exchange Cryptsy and placed it under receivership, months after it collapsed amid claims that it had been the target of a hack.

The court-appointed monitor, James Sallah, was selected after a request by the plaintiffs in a class action law suit filed against the exchange in January.

That lawsuit stemmed from problems with customer fund withdrawals that had worsened for months before withdrawals and trading activities were suspended entirely. Prior to its shutdown, Cryptsy said that it had outstanding customer liabilitiesof nearly $10m in bitcoin.

Court Takes Control of Digital Currency Exchange Cryptsy

A Florida court has frozen the assets of the digital currency exchange Cryptsy and placed it under receivership, months after it collapsed amid claims that it had been the target of a hack.

The court-appointed monitor, James Sallah, was selected after a request by the plaintiffs in a class action law suit filed against the exchange in January.

That lawsuit stemmed from problems with customer fund withdrawals that had worsened for months before withdrawals and trading activities were suspended entirely. Prior to its shutdown, Cryptsy said that it had outstanding customer liabilitiesof nearly $10m in bitcoin.___

posted image

2016-04-04 23:33:00 (1 comments; 9 reshares; 41 +1s)Open 

Decentralized Bitcoin Market OpenBazaar is Now Live

The developers of OpenBazaar, the decentralized e-commerce protocol, have released the first live version of the software.

Now available for download, OpenBazaar enables peer-to-peer digital commerce, with bitcoin used as a payment method – akin to a distributed eBay-style marketplace that uses the digital currency. OpenBazaar grew out of an earlier project called DarkMarket which aimed to facilitate decentralized online commerce.

The release comes after a public testing period that saw a variety of storefronts created using the experiment-focused bitcoin testnet for transactions. The developers said today that this test period resulted in more than 25,000 downloads worldwide (across 126 countries) and more than 3,000 vendors created.

Decentralized Bitcoin Market OpenBazaar is Now Live

The developers of OpenBazaar, the decentralized e-commerce protocol, have released the first live version of the software.

Now available for download, OpenBazaar enables peer-to-peer digital commerce, with bitcoin used as a payment method – akin to a distributed eBay-style marketplace that uses the digital currency. OpenBazaar grew out of an earlier project called DarkMarket which aimed to facilitate decentralized online commerce.

The release comes after a public testing period that saw a variety of storefronts created using the experiment-focused bitcoin testnet for transactions. The developers said today that this test period resulted in more than 25,000 downloads worldwide (across 126 countries) and more than 3,000 vendors created.___

posted image

2016-03-28 20:37:22 (9 comments; 8 reshares; 58 +1s)Open 

Fred Wilson, Reid Hoffman Back MIT's $900k Bitcoin Developer Fund

MIT announced today it has raised $900,000 to fund the work of three bitcoin developers.

The Bitcoin Developer Fund, backed by venture capitalist Fred Wilson, LinkedIn co-founder Reid Hoffman and others is intended to give the three bitcoin coders working to resolve the block-size debate and other similar technical challenges an academic platform from which to work.

MIT’s Digital Currency Initiative (DCI) director Brian Forde said the university's role in helping support these coders is just part of the academic community’s responsibility to create a place where bitcoin's developers can continue their work.

Fred Wilson, Reid Hoffman Back MIT's $900k Bitcoin Developer Fund

MIT announced today it has raised $900,000 to fund the work of three bitcoin developers.

The Bitcoin Developer Fund, backed by venture capitalist Fred Wilson, LinkedIn co-founder Reid Hoffman and others is intended to give the three bitcoin coders working to resolve the block-size debate and other similar technical challenges an academic platform from which to work.

MIT’s Digital Currency Initiative (DCI) director Brian Forde said the university's role in helping support these coders is just part of the academic community’s responsibility to create a place where bitcoin's developers can continue their work.___

posted image

2016-03-28 14:32:15 (6 comments; 2 reshares; 31 +1s)Open 

Coinkite Web Wallet is shutting down

You may have noticed that our pace of new feature blog postings has decreased to a trickle, compared to the frantic pace set three years ago when we started Coinkite.

We are incredibly proud of serving thousands of businesses and customers, transacting billions of dollars worth of Bitcoin, but today we’re announcing that we are moving to the next phase at Coinkite.

We are winding down the web wallet part of Coinkite so that our team can focus on a number of new products that are more decentralized and embodied as hardware products. We’re still big Bitcoin fans, supporters and Hodlrs, and although Coinkite has been great adventure in the SaaS business, we want to spend more time where our heart is, hardware products, software-”not-as-a-service”, and other exciting new possibilities.

It’s time to focus onfulfillin... more »

Coinkite Web Wallet is shutting down

You may have noticed that our pace of new feature blog postings has decreased to a trickle, compared to the frantic pace set three years ago when we started Coinkite.

We are incredibly proud of serving thousands of businesses and customers, transacting billions of dollars worth of Bitcoin, but today we’re announcing that we are moving to the next phase at Coinkite.

We are winding down the web wallet part of Coinkite so that our team can focus on a number of new products that are more decentralized and embodied as hardware products. We’re still big Bitcoin fans, supporters and Hodlrs, and although Coinkite has been great adventure in the SaaS business, we want to spend more time where our heart is, hardware products, software-”not-as-a-service”, and other exciting new possibilities.

It’s time to focus on fulfilling Bitcoin’s real potential, and enable individuals and businesses to “Be Their Own Bank”.

I must say that I'm throughly upset to lose this service. Coinkite has always provided excellent service and support without any downtime. I look forward to what new things their team will bring.___

posted image

2016-03-25 13:18:46 (3 comments; 1 reshares; 24 +1s)Open 

Hardware Wallet Keepkey Slashes Price By 60%

The creators of Hardware Wallet, KeepKey have announced that the wallet will now retail for $99, down from its previous price of USD $239. This is aimed towards achieving greater accessibility to digital currency users worldwide.

“Our core values for KeepKey are not only exceptional design and ease of use”, explained Darin Stanchfield, the Founder of Keepkey, “but also a product that is widely attainable. We are now producing KeepKey at scale in very large batches, letting us make it more accessible with a lower price.”

Hardware Wallet Keepkey Slashes Price By 60%

The creators of Hardware Wallet, KeepKey have announced that the wallet will now retail for $99, down from its previous price of USD $239. This is aimed towards achieving greater accessibility to digital currency users worldwide.

“Our core values for KeepKey are not only exceptional design and ease of use”, explained Darin Stanchfield, the Founder of Keepkey, “but also a product that is widely attainable. We are now producing KeepKey at scale in very large batches, letting us make it more accessible with a lower price.”___

posted image

2016-03-23 13:37:27 (2 comments; 1 reshares; 57 +1s)Open 

New York Bitcoin User Charged With Unlawful Money Transmission

A New York man has been charged with operating an unlawful money transmitting business in connection with the sale of bitcoins, the US Department of Justice announced on Friday.

The government said last week that it was charging Rochester, New York, resident Richard Petix with illegally selling $200,000 in bitcoin between August 2014 and December of last year. Notably, the report does not provide information on any state-specific laws Petix was in violation of when conducting the sale.

Petix's charges, the Justice Department said, are connected to a wider alleged scheme that involved money laundering as well as the trafficking of controlled substances and stolen goods.

New York Bitcoin User Charged With Unlawful Money Transmission

A New York man has been charged with operating an unlawful money transmitting business in connection with the sale of bitcoins, the US Department of Justice announced on Friday.

The government said last week that it was charging Rochester, New York, resident Richard Petix with illegally selling $200,000 in bitcoin between August 2014 and December of last year. Notably, the report does not provide information on any state-specific laws Petix was in violation of when conducting the sale.

Petix's charges, the Justice Department said, are connected to a wider alleged scheme that involved money laundering as well as the trafficking of controlled substances and stolen goods.___

posted image

2016-03-23 02:34:18 (0 comments; 4 reshares; 27 +1s)Open 

Roger Ver Issues $100k Bitcoin Bounty for Bernie Sanders Debate

Roger Ver has offered US presidential candidate Bernie Sanders $100,000 in the form of a bitcoin donation he'll make in his name to a charity if he'll engage in a debate with Iraq War veteran and talk show host Adam Kokesh.

The offer made in a video posted to Kokesh’s YouTube channel is in response to video posted by the Occupy Democrats in which Sanders talks about wealthy US citizens renouncing their citizenship.

"Your policies are clearly intended to help," Ver, a bitcoin angel investor and advisor to wallet service Blockchain, said in the video. "But it seems you don't see how they are backed up by violence."
more »

Roger Ver Issues $100k Bitcoin Bounty for Bernie Sanders Debate

Roger Ver has offered US presidential candidate Bernie Sanders $100,000 in the form of a bitcoin donation he'll make in his name to a charity if he'll engage in a debate with Iraq War veteran and talk show host Adam Kokesh.

The offer made in a video posted to Kokesh’s YouTube channel is in response to video posted by the Occupy Democrats in which Sanders talks about wealthy US citizens renouncing their citizenship.

"Your policies are clearly intended to help," Ver, a bitcoin angel investor and advisor to wallet service Blockchain, said in the video. "But it seems you don't see how they are backed up by violence."

http://www.coindesk.com/roger-ver-bernie-sanders-100000-donation-charity/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+CoinDesk+%28CoinDesk+-+The+Voice+of+Digital+Currency%29___

posted image

2016-03-17 18:53:50 (2 comments; 3 reshares; 52 +1s)Open 

Retail bank integrates bitcoin service

Following a four month pilot program, USAA members can now view the balance of their Coinbase account, alongside the rest of their USAA accounts and financial services.

The financial services group made a major investment in Coinbase, during the US$75 million Series C fundraising round in January 2015, alongside The New York Stock Exchange and BBVA Ventures.

In order for USAA customers to add their Coinbase account, they only need to go to their accounts summary page, add the account, and sign into Coinbase. From there onwards, Coinbase wallet and vault balances will show up inside of their USAA online and mobile accounts, underneath the “My Accounts Summary” page.

After viewing their Coinbase balances, there is also the ability to monitor transactions inside each wallet and vault. Just like any other non-USAA bankacc... more »

Retail bank integrates bitcoin service

Following a four month pilot program, USAA members can now view the balance of their Coinbase account, alongside the rest of their USAA accounts and financial services.

The financial services group made a major investment in Coinbase, during the US$75 million Series C fundraising round in January 2015, alongside The New York Stock Exchange and BBVA Ventures.

In order for USAA customers to add their Coinbase account, they only need to go to their accounts summary page, add the account, and sign into Coinbase. From there onwards, Coinbase wallet and vault balances will show up inside of their USAA online and mobile accounts, underneath the “My Accounts Summary” page.

After viewing their Coinbase balances, there is also the ability to monitor transactions inside each wallet and vault. Just like any other non-USAA bank account that you can view from the Accounts Summary area, your access to Coinbase funds is “view only,” at least for now.___

posted image

2016-03-11 08:52:25 (11 comments; 2 reshares; 72 +1s)Open 

Google Now begins supporting implementation list

You can now say: 'OK Google. Show me a list of Bitcoin nodes' and you'll receive the following list via Coin Dance.

http://lmgtfy.com/?q=list+of+bitcoin+nodes

Google Now begins supporting implementation list

You can now say: 'OK Google. Show me a list of Bitcoin nodes' and you'll receive the following list via Coin Dance.

http://lmgtfy.com/?q=list+of+bitcoin+nodes___

posted image

2016-03-04 22:19:44 (1 comments; 6 reshares; 63 +1s)Open 

Electrum Launches Mobile Wallet for Android, iOS Coming

Electrum, Bitcoin's popular lightweight wallet, launched a new version of its software this week. Apart from a desktop client, Electrum 2.6 is now available on Android as well, with an iOS version soon to come.

At its heart, the mobile version of Electrum is no different from the available desktop version. The two are fully compatible as well; if the seed from one wallet is imported onto the other, all funds and transactions are synchronized. As such, users don't need to maintain two different balances on their desktop and mobile devices.

Electrum Launches Mobile Wallet for Android, iOS Coming

Electrum, Bitcoin's popular lightweight wallet, launched a new version of its software this week. Apart from a desktop client, Electrum 2.6 is now available on Android as well, with an iOS version soon to come.

At its heart, the mobile version of Electrum is no different from the available desktop version. The two are fully compatible as well; if the seed from one wallet is imported onto the other, all funds and transactions are synchronized. As such, users don't need to maintain two different balances on their desktop and mobile devices.___

posted image

2016-03-04 12:52:44 (10 comments; 9 reshares; 75 +1s)Open 

Coinbase Launches Debit Card Payments for Bitcoin in USA

Coinbase, the largest Bitcoin exchange in the world, has launched debit card payments in the US. The debit and credit card payments were already available to Coinbase’s European customers.

Coinbase released the following statement on its website, saying that from the March 1, Coinbase users in the US will be able to buy BitcoinCT r:  8 via their debit cards:

“Today we’re launching a new Coinbase product (in beta) to users in the United States: Buy bitcoin instantly with debit cards. Since there are over 5.2B debit cards in circulation, we’re confident this capability will make it significantly easier both for new users to get their first bitcoin, and for existing users to get bitcoin quickly.

Note that we are launching this feature to 1% of U.S. customers today, and plan to roll itout slowly to 10... more »

Coinbase Launches Debit Card Payments for Bitcoin in USA

Coinbase, the largest Bitcoin exchange in the world, has launched debit card payments in the US. The debit and credit card payments were already available to Coinbase’s European customers.

Coinbase released the following statement on its website, saying that from the March 1, Coinbase users in the US will be able to buy BitcoinCT r:  8 via their debit cards:

“Today we’re launching a new Coinbase product (in beta) to users in the United States: Buy bitcoin instantly with debit cards. Since there are over 5.2B debit cards in circulation, we’re confident this capability will make it significantly easier both for new users to get their first bitcoin, and for existing users to get bitcoin quickly.

Note that we are launching this feature to 1% of U.S. customers today, and plan to roll it out slowly to 100% over the coming months. Users with this feature enabled can add a debit card by going to the payment methods page on Coinbase.com, or through the payment method option under settings in our iOS andAndroid apps. Once a debit card has been added, users can then go to the buy page, and instantly buy bitcoin. If you don’t yet have a Coinbase account, sign up here, and we’ll notify you via email as soon as this product is available for you.”___

posted image

2016-02-26 02:55:49 (2 comments; 4 reshares; 56 +1s)Open 

Bitcoin Mining Company Butterfly Labs Settles Case With Federal Trade Commission for $38.6M

Butterfly Labs has agreed to settle the Federal Trade Commission’s chargesof making misleading claims about their products to their customers.

In a lawsuit that has dragged on since September 2014, the Kansas-based Bitcoin company presold computer hardware that was optimized for mining Bitcoin, charging as much as $30,000 for the specialized hardware.

According to the U.S. trade watchdog FTC, Butterfly Labs was taking orders for Bitcoin mining machines, but very few machines were actually shipped, as Butterfly Labs was building and using the hardware to mine bitcoin for itself. In the few cases that the machines were shipped to customers, they had already been used by the company beforehand, generating valuable bitcoin for Butterfly Labs instead of the customer who hadalre... more »

Bitcoin Mining Company Butterfly Labs Settles Case With Federal Trade Commission for $38.6M

Butterfly Labs has agreed to settle the Federal Trade Commission’s chargesof making misleading claims about their products to their customers.

In a lawsuit that has dragged on since September 2014, the Kansas-based Bitcoin company presold computer hardware that was optimized for mining Bitcoin, charging as much as $30,000 for the specialized hardware.

According to the U.S. trade watchdog FTC, Butterfly Labs was taking orders for Bitcoin mining machines, but very few machines were actually shipped, as Butterfly Labs was building and using the hardware to mine bitcoin for itself. In the few cases that the machines were shipped to customers, they had already been used by the company beforehand, generating valuable bitcoin for Butterfly Labs instead of the customer who had already paid for the hardware.___

posted image

2016-02-26 02:49:58 (4 comments; 1 reshares; 36 +1s)Open 

21 Bitcoin Computer Now Shipping to 32 European Countries

21 Inc has announced that its Bitcoin Computer mining device is now shipping to most European countries, including major markets such as the UK, France, Germany and Italy.

The news follows the company's recent expansion of sales to countries outside the US, starting with Canada. Further, 21 Inc said it is seeking to open up shipping to more countries over the coming weeks, and hinted that Asia could be next.

21 Bitcoin Computer Now Shipping to 32 European Countries

21 Inc has announced that its Bitcoin Computer mining device is now shipping to most European countries, including major markets such as the UK, France, Germany and Italy.

The news follows the company's recent expansion of sales to countries outside the US, starting with Canada. Further, 21 Inc said it is seeking to open up shipping to more countries over the coming weeks, and hinted that Asia could be next.___

posted image

2016-02-23 23:08:04 (3 comments; 4 reshares; 38 +1s)Open 

Japan eyes treating bitcoins the same as real money

Japanese financial regulators have proposed handling virtual currencies as methods of payment equivalent to conventional currencies, a step that would strengthen consumer protection and spur growth in the virtual economy.

The Financial Services Agency's legislative revisions would recognize bitcoins and other virtual currencies as fulfilling the functions of currency, it was learned Tuesday. They are now recognized as objects but are not treated on a par with their more established counterparts. The changes will be submitted during the current ordinary Diet session, with the goal of passage before the term ends.

Under the FSA's proposed definition, virtual currencies must serve as a medium of exchange, meaning that they can be used to purchase goods and services. They must also be exchangeable for legal... more »

Japan eyes treating bitcoins the same as real money

Japanese financial regulators have proposed handling virtual currencies as methods of payment equivalent to conventional currencies, a step that would strengthen consumer protection and spur growth in the virtual economy.

The Financial Services Agency's legislative revisions would recognize bitcoins and other virtual currencies as fulfilling the functions of currency, it was learned Tuesday. They are now recognized as objects but are not treated on a par with their more established counterparts. The changes will be submitted during the current ordinary Diet session, with the goal of passage before the term ends.

Under the FSA's proposed definition, virtual currencies must serve as a medium of exchange, meaning that they can be used to purchase goods and services. They must also be exchangeable for legal tender through purchases or trades with an unspecified partner. The FSA sees such a definition possibly helping to develop the financial technology sector.___

posted image

2016-02-23 22:31:13 (4 comments; 1 reshares; 41 +1s)Open 

California Bankruptcy Judge Says Bitcoin is Property, Not Currency

A US district judge has ruled, for the purposes of a bankruptcy case in California, that bitcoins are a kind of intangible property.

As reported earlier this month by CoinDesk, the US Bankruptcy Court for the Northern District of California ishearing a case filed by the bankruptcy trustee for HashFast, a bitcoin mining firm that declared bankruptcyin 2014.

California Bankruptcy Judge Says Bitcoin is Property, Not Currency

A US district judge has ruled, for the purposes of a bankruptcy case in California, that bitcoins are a kind of intangible property.

As reported earlier this month by CoinDesk, the US Bankruptcy Court for the Northern District of California ishearing a case filed by the bankruptcy trustee for HashFast, a bitcoin mining firm that declared bankruptcyin 2014.___

posted image

2016-02-23 22:20:47 (2 comments; 8 reshares; 34 +1s)Open 

JPMorgan Quietly Tests 'Blockchain' With 2,200 Clients -- Update

J.P. Morgan Chase & Co. is quietly testing technology that underpins the digital currency bitcoin on U.S. dollar transfers between London and Tokyo, part of an effort to boost its spending to deal with emerging threats from Silicon Valley.

The nation's largest bank has been testing the program in recent months to move U.S. dollars for about 2,200 clients between the two financial centers using a version of the "blockchain" technology that underpins bitcoin, said Daniel Pinto, head of J.P. Morgan's corporate and investment bank. The bank wants to see whether the blockchain technology, known as the "distributed ledger," can be repurposed for currency clearing and settlement to give clients faster turnaround times and reduce the bank's risk.

It may start using... more »

JPMorgan Quietly Tests 'Blockchain' With 2,200 Clients -- Update

J.P. Morgan Chase & Co. is quietly testing technology that underpins the digital currency bitcoin on U.S. dollar transfers between London and Tokyo, part of an effort to boost its spending to deal with emerging threats from Silicon Valley.

The nation's largest bank has been testing the program in recent months to move U.S. dollars for about 2,200 clients between the two financial centers using a version of the "blockchain" technology that underpins bitcoin, said Daniel Pinto, head of J.P. Morgan's corporate and investment bank. The bank wants to see whether the blockchain technology, known as the "distributed ledger," can be repurposed for currency clearing and settlement to give clients faster turnaround times and reduce the bank's risk.

It may start using blockchain for live transactions later this year.___

posted image

2016-02-23 18:18:19 (0 comments; 5 reshares; 57 +1s)Open 

Bitcoin Core 0.12.0 Released: What's New?

Today marks the official release of Bitcoin Core 0.12.0, the twelfth generation of Bitcoin's reference client as first launched by Satoshi Nakamoto seven years ago. Developed by close to 100 contributors over seven months, the latest version of Bitcoin Core includes more than 20 improvements, particularly regarding performance, security and usability.

Bitcoin Core 0.12.0 Released: What's New?

Today marks the official release of Bitcoin Core 0.12.0, the twelfth generation of Bitcoin's reference client as first launched by Satoshi Nakamoto seven years ago. Developed by close to 100 contributors over seven months, the latest version of Bitcoin Core includes more than 20 improvements, particularly regarding performance, security and usability.___

posted image

2016-02-22 18:29:24 (1 comments; 2 reshares; 25 +1s)Open 

With Satirical Trumpchain, Donald Trump Meets Bitcoin

Can real estate mogul and United States presidential contender Donald Trump make bitcoin great again?

A satirical Twitter account called Trumpchain doesn’t quite answer that question, but it does offer an amusing take on the controversial figure's bid for the White House.

The profile, described as a bot “that mixes Donald Trump speeches and tweets with comments from /r/bitcoin”, has undoubtedly become a vehicle for a bizarre mix of comedy and humor as it relates to the bitcoin space.

From the block size debate to China’s bitcoin mining ecosystem to Bitcoin Classic and Core, the parody account offers a level of commentary that is at times both crass and eyebrow raising – in good humor, of course.

With Satirical Trumpchain, Donald Trump Meets Bitcoin

Can real estate mogul and United States presidential contender Donald Trump make bitcoin great again?

A satirical Twitter account called Trumpchain doesn’t quite answer that question, but it does offer an amusing take on the controversial figure's bid for the White House.

The profile, described as a bot “that mixes Donald Trump speeches and tweets with comments from /r/bitcoin”, has undoubtedly become a vehicle for a bizarre mix of comedy and humor as it relates to the bitcoin space.

From the block size debate to China’s bitcoin mining ecosystem to Bitcoin Classic and Core, the parody account offers a level of commentary that is at times both crass and eyebrow raising – in good humor, of course.___

posted image

2016-02-22 12:01:40 (0 comments; 8 reshares; 26 +1s)Open 

Bitcoin Miners Back Proposed Timeline for 2017 Hard Fork

A group of bitcoin miners constituting close to 80% of the network hashrate, as well representatives from exchanges, service providers and contributors to the Bitcoin Core development project, have proposed a development timeline for scaling the bitcoin network.

The statement’s release comes after a more than 18 hour-long meeting in Hong Kong that drew participants from China's bitcoin mining community and members of the Bitcoin Core team.

Some of the letter's signatories were party to a previous statement that voiced opposition to any "contentious hard fork" to the bitcoin network.

According the proposed timeline, Bitcoin Core contributors Matt Corallo, Luke Dashjr, Cory Fields, Johnson Lau and Peter Todd will produce and recommend code for a hard fork to the bitcoinnetwork that w... more »

Bitcoin Miners Back Proposed Timeline for 2017 Hard Fork

A group of bitcoin miners constituting close to 80% of the network hashrate, as well representatives from exchanges, service providers and contributors to the Bitcoin Core development project, have proposed a development timeline for scaling the bitcoin network.

The statement’s release comes after a more than 18 hour-long meeting in Hong Kong that drew participants from China's bitcoin mining community and members of the Bitcoin Core team.

Some of the letter's signatories were party to a previous statement that voiced opposition to any "contentious hard fork" to the bitcoin network.

According the proposed timeline, Bitcoin Core contributors Matt Corallo, Luke Dashjr, Cory Fields, Johnson Lau and Peter Todd will produce and recommend code for a hard fork to the bitcoin network that would feature a block size increase. The code for this proposal is expected to be made available by July.___

posted image

2016-02-22 11:50:19 (0 comments; 3 reshares; 18 +1s)Open 

PopChest Acquires First Major YouTuber

PopChest is a service that allows YouTubers and video producers to earn money from their videos without the need for advertising. Users pay a very small fee in Bitcoin, usually $0.25 (approximately 0.000414 BTC at the time of my writing), to watch the content producer’s video. This directly supports the creator, and also allows users to see exclusive content. PopChest has had limited success, but recently, a YouTuber with 600,000 subscribers signed up for the service, creating a surge in interest.

NurdRage, a YouTube star with over 600,000 subscribers recently signed up on the site, making them by far the biggest content creator on the platform. NurdRage is “a channel run by science nerds for science nerds hailing from the country of Canada.” They “demonstrate science experiment for all levels, from kitchen chemistry to advancedsynthesis.”... more »

PopChest Acquires First Major YouTuber

PopChest is a service that allows YouTubers and video producers to earn money from their videos without the need for advertising. Users pay a very small fee in Bitcoin, usually $0.25 (approximately 0.000414 BTC at the time of my writing), to watch the content producer’s video. This directly supports the creator, and also allows users to see exclusive content. PopChest has had limited success, but recently, a YouTuber with 600,000 subscribers signed up for the service, creating a surge in interest.

NurdRage, a YouTube star with over 600,000 subscribers recently signed up on the site, making them by far the biggest content creator on the platform. NurdRage is “a channel run by science nerds for science nerds hailing from the country of Canada.” They “demonstrate science experiment for all levels, from kitchen chemistry to advanced synthesis.”

Their video, titled ‘Dissolve Gold in Poison (Sodium Cyanide)’ has so far had 5,132 views, which translates to $1,283 in Bitcoin transactions to NurdRage. Although NurdRage has promised to release the video on his YouTube channel at a later date, he says he wants to trial releasing his videos on other platforms, including PopChest. The video on PopChest is available below.___

posted image

2016-02-21 04:48:09 (1 comments; 4 reshares; 45 +1s)Open 

Approximate mining could increase bitcoin mining profits by 30 percent, research shows

Conventional techniques in energy-efficient computing navigate a design space defined by the two dimensions of performance and energy, and traditionally trade one for the other. General-purpose approximate computing explores a third dimension, error, and trades the accuracy of computation for gains in both energy and performance.

By relaxing the need for fully precise or completely deterministic operations, approximate computing techniques allow substantially improved energy efficiency. A team at the University of Illinois flagship campus recently published a paper that details how this technique can boost a bitcoin miners profits by 30%.

Led by Associate Professor of Electrical and Computer Engineering, Rakesh Kumar Ph.D., the three authors of “Approximate Bitcoin Mining”claim... more »

Approximate mining could increase bitcoin mining profits by 30 percent, research shows

Conventional techniques in energy-efficient computing navigate a design space defined by the two dimensions of performance and energy, and traditionally trade one for the other. General-purpose approximate computing explores a third dimension, error, and trades the accuracy of computation for gains in both energy and performance.

By relaxing the need for fully precise or completely deterministic operations, approximate computing techniques allow substantially improved energy efficiency. A team at the University of Illinois flagship campus recently published a paper that details how this technique can boost a bitcoin miners profits by 30%.

Led by Associate Professor of Electrical and Computer Engineering, Rakesh Kumar Ph.D., the three authors of “Approximate Bitcoin Mining” claim that the 6-page paper is the first to explore hardware optimizations, specifically approximation based optimizations, unique to Bitcoin mining.___

posted image

2016-02-11 13:30:39 (3 comments; 7 reshares; 43 +1s)Open 

Princeton University Releases First Draft of Bitcoin Textbook

The first complete draft of an upcoming Princeton University textbook on bitcoin is now available.

Bitcoin and Cryptocurrency Technologies takes comprehensive look at the technology behind bitcoin. The free download is the first complete draft of the book, with an official version expected to be published this summer.

Citing its "conversational style", co-author Arvind Narayanan, an assistant professor of computer science at Princeton, wrote in an introductory blog post:

"If you’re looking to truly understand how bitcoin works at a technical level and have a basic familiarity with computer science and programming, this book is for you."

https://d28rh4a8wq0iu5.cloudfront.net/bitcointech/readings/princeton_bitcoin_book.pdf?a=1

Princeton University Releases First Draft of Bitcoin Textbook

The first complete draft of an upcoming Princeton University textbook on bitcoin is now available.

Bitcoin and Cryptocurrency Technologies takes comprehensive look at the technology behind bitcoin. The free download is the first complete draft of the book, with an official version expected to be published this summer.

Citing its "conversational style", co-author Arvind Narayanan, an assistant professor of computer science at Princeton, wrote in an introductory blog post:

"If you’re looking to truly understand how bitcoin works at a technical level and have a basic familiarity with computer science and programming, this book is for you."

https://d28rh4a8wq0iu5.cloudfront.net/bitcointech/readings/princeton_bitcoin_book.pdf?a=1___

posted image

2016-02-11 04:35:24 (1 comments; 1 reshares; 38 +1s)Open 

Bitcoin Classic Publishes Code That Could Double Bitcoin's Block Size

The first release for an alternative implementation of bitcoin that would double its transaction capacity has been published.

Today, bitcoin users run or rely on versions of Bitcoin Core, the descendent of the original bitcoin software developed by its pseudonymous creator Satoshi Nakamoto. Yet the ongoing debate on how to increase capacity has opened the door to other implementations of bitcoin to gain prominence, as previously demonstrated by the rise and subsequent fall of Bitcoin XT.

The release of Bitcoin Classic, which constitutes a repackaging of the latest Bitcoin Core software with support for bigger blocks, indicates what could perhaps be a new phase in the ongoing debate whether or how to scale the bitcoin network’s transaction capacity. It follows the release of a secondbeta ver... more »

Bitcoin Classic Publishes Code That Could Double Bitcoin's Block Size

The first release for an alternative implementation of bitcoin that would double its transaction capacity has been published.

Today, bitcoin users run or rely on versions of Bitcoin Core, the descendent of the original bitcoin software developed by its pseudonymous creator Satoshi Nakamoto. Yet the ongoing debate on how to increase capacity has opened the door to other implementations of bitcoin to gain prominence, as previously demonstrated by the rise and subsequent fall of Bitcoin XT.

The release of Bitcoin Classic, which constitutes a repackaging of the latest Bitcoin Core software with support for bigger blocks, indicates what could perhaps be a new phase in the ongoing debate whether or how to scale the bitcoin network’s transaction capacity. It follows the release of a second beta version last week.___

posted image

2016-02-10 11:49:06 (0 comments; 3 reshares; 28 +1s)Open 

Private Retreat to Unite Bitcoin Execs for Scaling Debate

The invitation-only Satoshi Roundtable conference is set to convene for the second year in a row, this time at an undisclosed location in North America.

To be held from 26th to 28th February, the event follows the inaugural edition of Satoshi Roundtable, which garnered criticism at the time of announcement for an alleged lack of transparency and air of secrecy. Though it eventually opened its doors to limited media presence, this year's event, by contrast, will be closed to the public.

Among the 60 attendees will be representatives from the mining and development sectors of the bitcoin industry, including MegaBigPower CEO Dave Carlson, KnC Miner CEO Sam Cole and developers representing both of the major scaling initiatives, Bitcoin Core and Bitcoin Classic.

Private Retreat to Unite Bitcoin Execs for Scaling Debate

The invitation-only Satoshi Roundtable conference is set to convene for the second year in a row, this time at an undisclosed location in North America.

To be held from 26th to 28th February, the event follows the inaugural edition of Satoshi Roundtable, which garnered criticism at the time of announcement for an alleged lack of transparency and air of secrecy. Though it eventually opened its doors to limited media presence, this year's event, by contrast, will be closed to the public.

Among the 60 attendees will be representatives from the mining and development sectors of the bitcoin industry, including MegaBigPower CEO Dave Carlson, KnC Miner CEO Sam Cole and developers representing both of the major scaling initiatives, Bitcoin Core and Bitcoin Classic.___

posted image

2016-02-10 11:44:54 (3 comments; 4 reshares; 40 +1s)Open 

UN Commission Calls On Caribbean to Become Digital Currency Hub

The UN Economic Commission for Latin America and the Caribbean (ECLAC) has published a report examining digital currencies and how they can be used to address regional payments issues.

Written with the aim of providing local policymakers with a balanced appraisal of the benefits and risks of digital currencies such as bitcoin, the report examines the use of the technology in the Caribbean and discusses the broader context of its emerging use at the global level.

Notably, the paper recommends further exploration into the technology with the ultimate aim of turning the region into a FinTech and digital currency hotspot.

UN Commission Calls On Caribbean to Become Digital Currency Hub

The UN Economic Commission for Latin America and the Caribbean (ECLAC) has published a report examining digital currencies and how they can be used to address regional payments issues.

Written with the aim of providing local policymakers with a balanced appraisal of the benefits and risks of digital currencies such as bitcoin, the report examines the use of the technology in the Caribbean and discusses the broader context of its emerging use at the global level.

Notably, the paper recommends further exploration into the technology with the ultimate aim of turning the region into a FinTech and digital currency hotspot.___

posted image

2016-02-10 09:16:00 (1 comments; 1 reshares; 36 +1s)Open 

Simplex Raises $7 Million for Credit Card Bitcoin Buying Service

An Israeli bitcoin startup focused on enabling bitcoin purchases with credit cards has closed a $7m Series A funding round.

Backing Simplex are bitcoin mining firms Bitmain andCumberland Mining, and FundersClub, a crowdfunding platform that previously invested in Coinbase. A group of angel investors, which Simplex declined to name, also contributed to the funding.

The amount adds to a previously raised $1.4m, bringing the firm’s total fundraising to $8.4m.

Simplex CEO Nimrod Lehavi said that the company acts as a payment processing layer for bitcoin purchases via credit card, with a focus on fraud reduction that reducing the consequences of chargebacks for businesses, such as exchanges or brokerages, that offer the service.

Simplex Raises $7 Million for Credit Card Bitcoin Buying Service

An Israeli bitcoin startup focused on enabling bitcoin purchases with credit cards has closed a $7m Series A funding round.

Backing Simplex are bitcoin mining firms Bitmain andCumberland Mining, and FundersClub, a crowdfunding platform that previously invested in Coinbase. A group of angel investors, which Simplex declined to name, also contributed to the funding.

The amount adds to a previously raised $1.4m, bringing the firm’s total fundraising to $8.4m.

Simplex CEO Nimrod Lehavi said that the company acts as a payment processing layer for bitcoin purchases via credit card, with a focus on fraud reduction that reducing the consequences of chargebacks for businesses, such as exchanges or brokerages, that offer the service.___

posted image

2016-02-09 21:23:38 (9 comments; 5 reshares; 27 +1s)Open 

US Bankruptcy Court Set to Weigh in on Bitcoin's Currency Status

A California bankruptcy court is set to weigh in on whether bitcoin should be considered a currency.

The hearing, set for 19th February, follows months of legal wrangling between the trustee of bankrupt bitcoin mining firm HashFast and Marc Lowe, a former promoter for the service who operated under the handle 'cyberdoc'.

Trustee Michael Kasolas filed suit against Lowe in February of last year, seeking to recoup 3,000 bitcoins that had been paid by HashFast to Lowe for promoting the service, including a series of posts on the Bitcoin Talk forum.

The trustees alleged that Lowe was an insider who received preferential treatment from the firm, including the awarding of a refund while other customers were awaiting theirs, prior to HashFast’s bankruptcy.

US Bankruptcy Court Set to Weigh in on Bitcoin's Currency Status

A California bankruptcy court is set to weigh in on whether bitcoin should be considered a currency.

The hearing, set for 19th February, follows months of legal wrangling between the trustee of bankrupt bitcoin mining firm HashFast and Marc Lowe, a former promoter for the service who operated under the handle 'cyberdoc'.

Trustee Michael Kasolas filed suit against Lowe in February of last year, seeking to recoup 3,000 bitcoins that had been paid by HashFast to Lowe for promoting the service, including a series of posts on the Bitcoin Talk forum.

The trustees alleged that Lowe was an insider who received preferential treatment from the firm, including the awarding of a refund while other customers were awaiting theirs, prior to HashFast’s bankruptcy.___

posted image

2016-02-09 18:29:38 (2 comments; 5 reshares; 40 +1s)Open 

Bitcoin is on the verge of splitting in two

Bitcoin is in the midst of a civil war. It has been simmering for some time, though it remained largely out of view to the general public until last month, when a prominent Bitcoin developer announced that the cryptocurrency and the technology underlying were, in his opinion, a failed experiment.

The developer, a former Google engineer named Mike Hearn, believed that bitter infighting and intransigence among the core development team had paralyzed the system, which was facing growing pains that, unaddressed, would cripple the currency so badly it was unlikely to recover. Pundits piled on to pronounce Bitcoin dead, and even its staunchest advocates admitted it was unclear if the project would continue to thrive.

In the three weeks since, a fascinating debate has played out across the globe, as the Bitcoin communitys... more »

Bitcoin is on the verge of splitting in two

Bitcoin is in the midst of a civil war. It has been simmering for some time, though it remained largely out of view to the general public until last month, when a prominent Bitcoin developer announced that the cryptocurrency and the technology underlying were, in his opinion, a failed experiment.

The developer, a former Google engineer named Mike Hearn, believed that bitter infighting and intransigence among the core development team had paralyzed the system, which was facing growing pains that, unaddressed, would cripple the currency so badly it was unlikely to recover. Pundits piled on to pronounce Bitcoin dead, and even its staunchest advocates admitted it was unclear if the project would continue to thrive.

In the three weeks since, a fascinating debate has played out across the globe, as the Bitcoin community struggled to find a way forward. The future remains uncertain, but for now, the cryptocurrency has split in two, with the core development team going in one direction, and a group of influential miners, exchanges, and startups going in another, a separation known as a hard fork. They have created competing versions, Bitcoin Core and Bitcoin Classic, each stemming from the same source code, but now controlled by separate groups of programmers and with major differences in their roadmap.___

posted image

2016-02-09 18:17:24 (2 comments; 17 reshares; 69 +1s)Open 

Steam may accept Bitcoin for games in the future

Valve is a company that's known for innovating. After all, they were the first company to get PC gamers to welcome DRM with open arms. They also pioneered the idea of letting you sell collectable hats. Well, if rumors are to be believed, they might soon change the way you pay for video games.

No, you won't be able to trade “favors” for the next must-have game. Instead, it would seem that Valve is looking at Bitcoin as an alternative for the good old US dollar. Bitcoin has been around for a while, and it's still being adopted at a rather slow pace. However, I'm not currently aware of any major outlet where I can directly pay in Bitcoin, and receive a game. So Valve jumping on board might help adoption, in a small way.

The rumor comes from a leak of Steam's translation project. The leak has a lotof ... more »

Steam may accept Bitcoin for games in the future

Valve is a company that's known for innovating. After all, they were the first company to get PC gamers to welcome DRM with open arms. They also pioneered the idea of letting you sell collectable hats. Well, if rumors are to be believed, they might soon change the way you pay for video games.

No, you won't be able to trade “favors” for the next must-have game. Instead, it would seem that Valve is looking at Bitcoin as an alternative for the good old US dollar. Bitcoin has been around for a while, and it's still being adopted at a rather slow pace. However, I'm not currently aware of any major outlet where I can directly pay in Bitcoin, and receive a game. So Valve jumping on board might help adoption, in a small way.

The rumor comes from a leak of Steam's translation project. The leak has a lot of text for Bitcoin transactions, as well as specifically citing BitPay as the company providing the Bitcoin payment processing.___

Buttons

A special service of CircleCount.com is the following button.

The button shows the number of followers you have directly on a small button. You can add this button to your website, like the +1-Button of Google or the Like-Button of Facebook.






You can add this button directly in your website. For more information about the CircleCount Buttons and the description how to add them to another page click here.

Patrick UlrichTwitterFacebookCircloscope