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Patrick Ulrich

Patrick Ulrich 

Baseball fan, technology addict, political junkie

Occupation: Bitcoin and Mobile Communications Enthusiast

Followers: 8,210

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.
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Google Play9,899,255Join 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 12:30:003146  

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Activity

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

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reshares per post
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Top posts in the last 50 posts

Most comments: 70

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2017-03-12 12:12:03 (70 comments; 6 reshares; 82 +1s; )Open 

Micro Loans with Bitcoin

Did you know that you can get a business loan without ever stepping foot in a bank? You can by using bitcoin! Sites like Bitbond link business owners with investors looking to help finance small business loans.

The process works as a business owner will request how much they would like to borrow and the time period for which they would like to repay the money. This will create an "auction" where for the next 14 days any investor can contribute as little or as much as they would like toward the borrower's goal. If the loan gets fulfilled within the 14 days then the borrower gets the funds but if not then what was designated to the loan gets returned back to the investors.

As some of you may know I operate a Bitcoin Teller Machine business on the side in my home state. To start this business I originally placed a loan on BTCJam... more »

Most reshares: 13

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2017-02-09 10:36:17 (17 comments; 13 reshares; 53 +1s; )Open 

Georgia Becomes First Country to Register Property on Blockchain

On Tuesday, in Tbilisi, the government of Georgia signed an agreement to use the Bitcoin Blockchain to verify property transactions.

Last April, the Georgian government and Bitcoin company BitFury initiated a project to record land titles on the Blockchain.

This is the first time a national government is using the Blockchain to safeguard and authenticate state operations, therefore ushering in a belief in the technology that has wrongfully been painted black.

Most plusones: 101

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2017-02-24 00:23:33 (53 comments; 11 reshares; 101 +1s; )Open 

Bitcoin Price Sets New All-Time High

The price of bitcoin has reached a new all-time high.

Bitcoin prices hit a high of $1,172.09, according to the CoinDesk Bitcoin Price Index (BPI) – surpassing a level first set more than three years ago in November 2013, when the BPI reported an average price high of $1,165.89.

The move followed a morning of price gains, coming amid the longest period ever in which bitcoin's value has stayed above $1,000.

Latest 50 posts

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2017-05-23 03:22:31 (2 comments; 2 reshares; 13 +1s; )Open 

Bitcoin is worth more than ever, but it's losing clout

The digital currency just hit the $2,000 milestone in a crowded market.

To say that Bitcoin has had a roller coaster ride would be an understatement. Between regulatory hurdles, heists and its all-too-common use in online crime, it's sometimes a surprise the cryptocurrency has survived. However, it's faring well -- so well, in fact, that the value of a coin just topped $2,000 US for the first time. While it's mostly a symbolic milestone, it reflects confidence stemming from regulation (particularly in big Bitcoin markets like China and Japan) and a rapid rise that saw its value soar hundreds of dollars in a matter of weeks.

Bitcoin is worth more than ever, but it's losing clout

The digital currency just hit the $2,000 milestone in a crowded market.

To say that Bitcoin has had a roller coaster ride would be an understatement. Between regulatory hurdles, heists and its all-too-common use in online crime, it's sometimes a surprise the cryptocurrency has survived. However, it's faring well -- so well, in fact, that the value of a coin just topped $2,000 US for the first time. While it's mostly a symbolic milestone, it reflects confidence stemming from regulation (particularly in big Bitcoin markets like China and Japan) and a rapid rise that saw its value soar hundreds of dollars in a matter of weeks.___

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2017-05-17 19:56:22 (0 comments; 0 reshares; 1 +1s; )Open 

A Google phone deserves the best unlimited. Get it on America’s # 1 network. http://vz.to/2qoANnn #IamVZ

A Google phone deserves the best unlimited. Get it on America’s # 1 network. http://vz.to/2qoANnn #IamVZ___

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2017-05-17 03:35:59 (36 comments; 3 reshares; 50 +1s; )Open 

All About Bitcoin, the Mysterious Digital Currency

As the hackers behind the global ransomware attack demand payment in Bitcoin, here is a look at the basics behind the electronic currency.

The digital currency Bitcoin has emerged as a favorite tool for hackers demanding a ransom for a simple reason: You can start accepting Bitcoin anywhere in the world without having to reveal your identity.

For criminals, this makes Bitcoin much more attractive than systems like Western Union, which generally require customers to provide identification before opening an account and receiving transferred money.

All About Bitcoin, the Mysterious Digital Currency

As the hackers behind the global ransomware attack demand payment in Bitcoin, here is a look at the basics behind the electronic currency.

The digital currency Bitcoin has emerged as a favorite tool for hackers demanding a ransom for a simple reason: You can start accepting Bitcoin anywhere in the world without having to reveal your identity.

For criminals, this makes Bitcoin much more attractive than systems like Western Union, which generally require customers to provide identification before opening an account and receiving transferred money.___

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2017-05-16 10:10:00 (2 comments; 2 reshares; 26 +1s; )Open 

Boost VC Will Now Invest Directly in Crypto ICOs

Boost VC is opening up its portfolio to cryptocurrency startups in a whole new way.

One of the first institutional investors to open its coffers to bitcoin startups in 2013, the San Mateo-based firm today revealed it will invest in so-called token sales or initial coin offerings (ICOs), new mechanisms increasingly being used to fund startup development but that have emerged as a lightning rod for controversy.

Initially seen as a potential threat to institutional investors, the announcement today marks the latest evidence that the sale of such software products – sometimes as securities, sometimes not – could offer an additional avenue for venture capitalists seeking returns.

Boost VC Will Now Invest Directly in Crypto ICOs

Boost VC is opening up its portfolio to cryptocurrency startups in a whole new way.

One of the first institutional investors to open its coffers to bitcoin startups in 2013, the San Mateo-based firm today revealed it will invest in so-called token sales or initial coin offerings (ICOs), new mechanisms increasingly being used to fund startup development but that have emerged as a lightning rod for controversy.

Initially seen as a potential threat to institutional investors, the announcement today marks the latest evidence that the sale of such software products – sometimes as securities, sometimes not – could offer an additional avenue for venture capitalists seeking returns.___

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2017-05-14 03:20:53 (9 comments; 7 reshares; 72 +1s; )Open 

Blockstream Sends First Litecoin Lightning Microtransaction

Litecoin has sent its first Lightning Network (LN) enabled micropayment, with 0.00000001 LTC “settled in under a second.”

The payment, which demonstrates the ability of LN to provide near-instant cost-effective transactions, was sent between parties in Zurich, Switzerland and San Francisco.

Blockstream was behind the implementation, releasing a dedicated summary of the events which included a live video of the transaction itself.

Blockstream Sends First Litecoin Lightning Microtransaction

Litecoin has sent its first Lightning Network (LN) enabled micropayment, with 0.00000001 LTC “settled in under a second.”

The payment, which demonstrates the ability of LN to provide near-instant cost-effective transactions, was sent between parties in Zurich, Switzerland and San Francisco.

Blockstream was behind the implementation, releasing a dedicated summary of the events which included a live video of the transaction itself.___

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2017-05-13 13:13:51 (6 comments; 3 reshares; 50 +1s; )Open 

$600k for an Ethereum Name? A Thriving Auction Market is Underway

After a shaky start this spring, a project called the Ethereum Name Service (ENS) appears to be attracting serious capital.

Thousands of people are vying for a new set of ethereum names being auctioned off by the leaderless domain service, with some putting in bids for upwards of $1m.

Even though bid amounts are more like deposits (which you can get back after a year, if you chose to relinquish the name), what still comes as a surprise is how much people are willing to put toward more popular names.

So far, exchange.eth was claimed for 6660 ETH ($609,000), foundation.eth went for 300 ETH ($27,000), and weather.eth was auctioned for 101 ETH ($9,000).

$600k for an Ethereum Name? A Thriving Auction Market is Underway

After a shaky start this spring, a project called the Ethereum Name Service (ENS) appears to be attracting serious capital.

Thousands of people are vying for a new set of ethereum names being auctioned off by the leaderless domain service, with some putting in bids for upwards of $1m.

Even though bid amounts are more like deposits (which you can get back after a year, if you chose to relinquish the name), what still comes as a surprise is how much people are willing to put toward more popular names.

So far, exchange.eth was claimed for 6660 ETH ($609,000), foundation.eth went for 300 ETH ($27,000), and weather.eth was auctioned for 101 ETH ($9,000).___

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2017-05-10 00:58:51 (21 comments; 8 reshares; 87 +1s; )Open 

MarketWatch: Dying man claims he just borrowed $325K to go all-in on bitcoin amid record highs

Either way, this one won’t end well.

Bitcoin exploded past $1,700 Tuesday, taking out new highs as 2017’s remarkable run for all virtual currencies spilled into another day.

A man going by the cyber handle gingerbreadfutters, if his post on Reddit is to be believed, isn’t taking profits. No, in fact, just the opposite. He says he’s taking out an equity loan of $325,239 on his house to buy 191 bitcoin.

MarketWatch: Dying man claims he just borrowed $325K to go all-in on bitcoin amid record highs

Either way, this one won’t end well.

Bitcoin exploded past $1,700 Tuesday, taking out new highs as 2017’s remarkable run for all virtual currencies spilled into another day.

A man going by the cyber handle gingerbreadfutters, if his post on Reddit is to be believed, isn’t taking profits. No, in fact, just the opposite. He says he’s taking out an equity loan of $325,239 on his house to buy 191 bitcoin.___

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2017-05-03 16:58:40 (9 comments; 7 reshares; 72 +1s; )Open 

Coinbase Users Can Now Buy and Sell Litecoin

Coinbase is officially adding support for the digital currency litecoin to its wallet offering.

The decision comes months after Coinbase's digital asset exchange, GDAX, added support for litecoin trading, though the startup has long teased the prospect of additional litecoin integrations – its creator, Charlie Lee, serves as the startup's director of engineering.

Overall, it's the latest notable boost for the older cryptocurrency, which has seen its public profile rise recently amid news of its forthcoming adoption of the scaling solution SegWit. That adoption has signaled the possibility for additional tech upgrades (not to mention a rising price).

Coinbase Users Can Now Buy and Sell Litecoin

Coinbase is officially adding support for the digital currency litecoin to its wallet offering.

The decision comes months after Coinbase's digital asset exchange, GDAX, added support for litecoin trading, though the startup has long teased the prospect of additional litecoin integrations – its creator, Charlie Lee, serves as the startup's director of engineering.

Overall, it's the latest notable boost for the older cryptocurrency, which has seen its public profile rise recently amid news of its forthcoming adoption of the scaling solution SegWit. That adoption has signaled the possibility for additional tech upgrades (not to mention a rising price).___

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2017-05-03 06:20:54 (3 comments; 4 reshares; 47 +1s; )Open 

UN Commission: Blockchain Can Help Struggling Banks in Latin America

The Economic Commission for Latin America and the Caribbean (ECLAC) has stated Blockchain could help improve costs in troubled banking sectors.

In a report released at the end of April, the ECLAC, which is a regional commission of the United Nations, said the technology held particular promise in reducing so-called “de-risking” practices among local banks.

De-risking, it says, is the phenomenon witnessed across the developing world in which banks shy away from deals which would cost too much in regulatory maneuvering to fulfill.

“...This technology appears to have the potential to address the problem of de-risking on two fronts,” it said.

UN Commission: Blockchain Can Help Struggling Banks in Latin America

The Economic Commission for Latin America and the Caribbean (ECLAC) has stated Blockchain could help improve costs in troubled banking sectors.

In a report released at the end of April, the ECLAC, which is a regional commission of the United Nations, said the technology held particular promise in reducing so-called “de-risking” practices among local banks.

De-risking, it says, is the phenomenon witnessed across the developing world in which banks shy away from deals which would cost too much in regulatory maneuvering to fulfill.

“...This technology appears to have the potential to address the problem of de-risking on two fronts,” it said.___

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2017-05-03 06:10:28 (4 comments; 2 reshares; 42 +1s; )Open 

Cointelegraph: Japan Bitcoin Exchange Licence Gets 18 Applicants In First Month

Eighteen companies are applying for the new license required to operate a cryptocurrency exchange in Japan.

The licensing scheme, which Japan introduced in April, aims to ensure exchanges operate in full compliance with financial regulation and anti-fraud procedures.

As a result of the applications, some of which come from extant Japanese exchanges such as bitFlyer, ten new players are slated to debut on the market to meet a forecast surge in demand.

Cointelegraph: Japan Bitcoin Exchange Licence Gets 18 Applicants In First Month

Eighteen companies are applying for the new license required to operate a cryptocurrency exchange in Japan.

The licensing scheme, which Japan introduced in April, aims to ensure exchanges operate in full compliance with financial regulation and anti-fraud procedures.

As a result of the applications, some of which come from extant Japanese exchanges such as bitFlyer, ten new players are slated to debut on the market to meet a forecast surge in demand.___

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2017-05-02 03:57:55 (16 comments; 7 reshares; 82 +1s; )Open 

Another Billionaire Reveals Bitcoin Investment, Compares it to Horse Racing

Another billionaire has come out after Mike Novogratz to indicate he’s put some money into digital currencies, particularly in Bitcoin. His name is Mike Cannon-Brookes and he is co-founder of the collaboration software firm Atlassian based in Sydney, Australia.

_According to Forbes, his real time net worth as at May 1 stands at $2.4 bln. Cannon-Brookes’ business partner is billionaire co-founder, Scott Farquhar, who recently bought Australia's most expensive house - the $70 mln Point Piper estate Elaine. They are the only individuals under the age of 40 on Forbes list of Australia’s richest people._

Another Billionaire Reveals Bitcoin Investment, Compares it to Horse Racing

Another billionaire has come out after Mike Novogratz to indicate he’s put some money into digital currencies, particularly in Bitcoin. His name is Mike Cannon-Brookes and he is co-founder of the collaboration software firm Atlassian based in Sydney, Australia.

_According to Forbes, his real time net worth as at May 1 stands at $2.4 bln. Cannon-Brookes’ business partner is billionaire co-founder, Scott Farquhar, who recently bought Australia's most expensive house - the $70 mln Point Piper estate Elaine. They are the only individuals under the age of 40 on Forbes list of Australia’s richest people.____

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2017-04-30 12:49:22 (3 comments; 1 reshares; 46 +1s; )Open 

Save up to 20% off Amazon prices by using bitcoin!

A company called Purse.io enables Bitcoin users to name their own discount when purchasing items from Amazon.com. You can start at 5% which is automatically handled by Purse or can create a wishlist on Amazon then post that on the name your own discount.

They do the name your own discount by matching people looking to buy bitcoin to people who are shopping for items on Amazon. Once you post your wishlist it will go to a marketplace where people looking to buy bitcoin will make the purchase for you. At this point the BTC that you paid is held in an escrow account until you receive your items. Once you receive them you simply log back into Purse.io and notate you received the items and the bitcoin will be released to the buyer.

The prime target for buyers are people who are paid in Amazon gift cards which are usually... more »

Save up to 20% off Amazon prices by using bitcoin!

A company called Purse.io enables Bitcoin users to name their own discount when purchasing items from Amazon.com. You can start at 5% which is automatically handled by Purse or can create a wishlist on Amazon then post that on the name your own discount.

They do the name your own discount by matching people looking to buy bitcoin to people who are shopping for items on Amazon. Once you post your wishlist it will go to a marketplace where people looking to buy bitcoin will make the purchase for you. At this point the BTC that you paid is held in an escrow account until you receive your items. Once you receive them you simply log back into Purse.io and notate you received the items and the bitcoin will be released to the buyer.

The prime target for buyers are people who are paid in Amazon gift cards which are usually Amazon Mechanical Turk users. These users are paid in Amazon gift cards for doing small tasks online. Since these gift cards can only be used on Amazon, users will convert them to bitcoin to be able to use their funds freely.

You can sign up today to give it a shot. If you use the link below you will also receive .01 BTC after your first $50 Amazon purchase.___

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2017-04-28 17:52:36 (16 comments; 6 reshares; 65 +1s; )Open 

Bitcoin and Ether prices hit all-time high

Something is going on in the cryptocurrency world, but it’s hard to figure out why prices are jumping. Both bitcoin and Ether prices are currently trading at an all-time high.

According to Coindesk’s price index, you could buy one bitcoin for $1,343 earlier today. It roughly represents a 6 percent increase in 7 days, and a 34 percent increase in a month.

And when it comes to the price of an ether, things are even more impressive. One ether is currently worth $64.04, up around 24 percent in just a week.

Ether prices are a bit correlated to bitcoin prices as many people trade bitcoins against Ethers. But it doesn’t explain why it was such a good week for Ether’s price.

Bitcoin and Ether prices hit all-time high

Something is going on in the cryptocurrency world, but it’s hard to figure out why prices are jumping. Both bitcoin and Ether prices are currently trading at an all-time high.

According to Coindesk’s price index, you could buy one bitcoin for $1,343 earlier today. It roughly represents a 6 percent increase in 7 days, and a 34 percent increase in a month.

And when it comes to the price of an ether, things are even more impressive. One ether is currently worth $64.04, up around 24 percent in just a week.

Ether prices are a bit correlated to bitcoin prices as many people trade bitcoins against Ethers. But it doesn’t explain why it was such a good week for Ether’s price.___

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2017-04-25 06:07:12 (39 comments; 6 reshares; 78 +1s; )Open 

Bitcoin Price Tripled Since Last Year: Reasons to Hold

In April of 2016, Bitcoin price averaged at around $420 on most major Bitcoin exchange markets. Since then, over a period of 12 months, Bitcoin price tripled, increasing from $420 to $1257.

As Cointelegraph previously reported, Bitcoin price is nearing its all-time high price set at $1,277, primarily due to the explosive growth of the Japanese Bitcoin industry.

Analysts expect Bitcoin price to increase consistently in the mid-term if key markets such as Japan and the US sustain their growth and if relatively small markets like India experience a massive change in regulatory frameworks for Bitcoin trading and usage.

Bitcoin Price Tripled Since Last Year: Reasons to Hold

In April of 2016, Bitcoin price averaged at around $420 on most major Bitcoin exchange markets. Since then, over a period of 12 months, Bitcoin price tripled, increasing from $420 to $1257.

As Cointelegraph previously reported, Bitcoin price is nearing its all-time high price set at $1,277, primarily due to the explosive growth of the Japanese Bitcoin industry.

Analysts expect Bitcoin price to increase consistently in the mid-term if key markets such as Japan and the US sustain their growth and if relatively small markets like India experience a massive change in regulatory frameworks for Bitcoin trading and usage.___

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2017-04-25 02:31:29 (4 comments; 6 reshares; 50 +1s; )Open 

New Bitcoin Core Software Makes SegWit Optional for Miners

A new software update has been published by the Bitcoin Core open-source development community.

Released on Saturday, version 0.14.1 largely builds on the group's March 0.14.0 release, incorporating a series of fixes to bugs and other tweaks to the code. Bitcoin Core is the standard software for bitcoin, though it has faced new pressure from alternative implementations of late.

As such, one notable inclusion in the release focuses on Segregated Witness, the scaling upgrade debuted in late 2015 at the Scaling Bitcoin conference in Hong Kong, and that has provoked a now months-long debate over network development.

New Bitcoin Core Software Makes SegWit Optional for Miners

A new software update has been published by the Bitcoin Core open-source development community.

Released on Saturday, version 0.14.1 largely builds on the group's March 0.14.0 release, incorporating a series of fixes to bugs and other tweaks to the code. Bitcoin Core is the standard software for bitcoin, though it has faced new pressure from alternative implementations of late.

As such, one notable inclusion in the release focuses on Segregated Witness, the scaling upgrade debuted in late 2015 at the Scaling Bitcoin conference in Hong Kong, and that has provoked a now months-long debate over network development.___

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2017-04-18 03:14:21 (9 comments; 7 reshares; 51 +1s; )Open 

Cash Woes Still Plague India As ATMs Run Dry Affecting Millions of Consumers

India is still facing a cash crisis more than five months after Prime Minister Narendra Modi issued sudden currency reforms.

Despite intermittent measures at shoring up cash supplies, the central bank has failed to keep up with demand for new banknotes. This is leading to dry banks and ATMs affecting millions of consumers.

In focus are the new edition of the 500 rupee note and the newly-minted 2000 rupees, both of which are currently virtually nonexistent in the country’s southern regions of Srikakulam, Vizianagaram and Visakhapatnam, the Times of India reports.

Cash Woes Still Plague India As ATMs Run Dry Affecting Millions of Consumers

India is still facing a cash crisis more than five months after Prime Minister Narendra Modi issued sudden currency reforms.

Despite intermittent measures at shoring up cash supplies, the central bank has failed to keep up with demand for new banknotes. This is leading to dry banks and ATMs affecting millions of consumers.

In focus are the new edition of the 500 rupee note and the newly-minted 2000 rupees, both of which are currently virtually nonexistent in the country’s southern regions of Srikakulam, Vizianagaram and Visakhapatnam, the Times of India reports.___

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2017-04-16 13:28:41 (0 comments; 0 reshares; 3 +1s; )Open 

Despicable behavior at its finest

NASA ‘sting’ operation against 74-year-old widow of Apollo engineer draws court rebuke___Despicable behavior at its finest

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2017-04-16 13:12:19 (3 comments; 8 reshares; 44 +1s; )Open 

'User-Generated Currency': Bitcoin and the YouTube of Money

Money, when it comes down to it, is a tool for collaboration.

Money moves human energy, skills and time between us, in different 'containers', or stores of value. National stores of value, like the US dollar, have historically been controlled by governments and distributed by banks.

This, of course, happens with limited transparency, a combined domestic and international monetary policy agenda, and political considerations throughout.

Naturally, this model is far more inflexible and inaccessible than newer cryptocurrency solutions, made possible by blockchain database technology that can theoretically enable anyone to issue and distribute a digital store of value.

In fact, we're just beginning to see the blockchain ecosystem give rise to these new forms of money that... more »

'User-Generated Currency': Bitcoin and the YouTube of Money

Money, when it comes down to it, is a tool for collaboration.

Money moves human energy, skills and time between us, in different 'containers', or stores of value. National stores of value, like the US dollar, have historically been controlled by governments and distributed by banks.

This, of course, happens with limited transparency, a combined domestic and international monetary policy agenda, and political considerations throughout.

Naturally, this model is far more inflexible and inaccessible than newer cryptocurrency solutions, made possible by blockchain database technology that can theoretically enable anyone to issue and distribute a digital store of value.

In fact, we're just beginning to see the blockchain ecosystem give rise to these new forms of money that can be issued at little to no cost.___

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2017-04-16 12:15:47 (8 comments; 7 reshares; 44 +1s; )Open 

World's Third Largest Bitcoin Mining Pool Signals SegWit For Bitcoin

After weeks of contemplation, F2Pool has finally decided to support Bitcoin Core’s Segregated Witness (SegWit) on both Bitcoin and Litecoin.

On April 14, Wang Chun, the owner of F2Pool, the second largest Bitcoin mining pool, announced the result of an internal survey conducted amongst its miners. Chun disclosed that 56 percent of miners within the F2Pool mining pool network were in favor of SegWit.

World's Third Largest Bitcoin Mining Pool Signals SegWit For Bitcoin

After weeks of contemplation, F2Pool has finally decided to support Bitcoin Core’s Segregated Witness (SegWit) on both Bitcoin and Litecoin.

On April 14, Wang Chun, the owner of F2Pool, the second largest Bitcoin mining pool, announced the result of an internal survey conducted amongst its miners. Chun disclosed that 56 percent of miners within the F2Pool mining pool network were in favor of SegWit.___

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2017-04-15 01:09:01 (7 comments; 7 reshares; 78 +1s; )Open 

Microsoft Office Can Now Verify Docs On The Bitcoin Blockchain

Stampery, which provides verification of documents against both the Bitcoin and Ethereum blockchains, will be accessible for verifying emails without users leaving Outlook itself.

“Stampery provides this functionality today by creating hashes of documents submitted through the web and storing them on the Ethereum and Bitcoin public blockchains. To enable this capability, Stampery provides a RESTful API that is accessible from applications,” a dedicated release about the integration from Microsoft explains.

In this project, we leveraged this secure API to create a convenient add-in to Microsoft Outlook that performs like a near-native feature to stamp/certify an email without leaving Outlook or even the specific email that you are viewing.

Microsoft Office Can Now Verify Docs On The Bitcoin Blockchain

Stampery, which provides verification of documents against both the Bitcoin and Ethereum blockchains, will be accessible for verifying emails without users leaving Outlook itself.

“Stampery provides this functionality today by creating hashes of documents submitted through the web and storing them on the Ethereum and Bitcoin public blockchains. To enable this capability, Stampery provides a RESTful API that is accessible from applications,” a dedicated release about the integration from Microsoft explains.

In this project, we leveraged this secure API to create a convenient add-in to Microsoft Outlook that performs like a near-native feature to stamp/certify an email without leaving Outlook or even the specific email that you are viewing.___

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2017-04-13 03:58:11 (4 comments; 2 reshares; 37 +1s; )Open 

Litecoin Mining Pool BW.com Mines First SegWit Block

Litecoin Segregated Witness (SegWit) activation appears to be creeping closer as BW mining pool mines its first SegWit block.

The altcoin’s fortunes have increased dramatically in recent weeks on speculation SegWit would begin, despite allegations of sabotage by certain community members.

Creator Charlie Lee broadcast the BW event via Twitter on Tuesday.

Litecoin Mining Pool BW.com Mines First SegWit Block

Litecoin Segregated Witness (SegWit) activation appears to be creeping closer as BW mining pool mines its first SegWit block.

The altcoin’s fortunes have increased dramatically in recent weeks on speculation SegWit would begin, despite allegations of sabotage by certain community members.

Creator Charlie Lee broadcast the BW event via Twitter on Tuesday.___

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2017-04-13 02:22:17 (3 comments; 2 reshares; 60 +1s; )Open 

Billboard: It's Time For the Music Business to Start Embracing the Blockchain: Guest Post

One thing I’ve learned in my many years in the music business is that the music industry is afraid of technology. With every new technology, from digital radio to the mp3, the music industry has dug in its heels resisting change, often at its own expense.

In the early 2000s when digital music was in its infancy, instead of embracing this new frontier, the industry rejected it, instead leaving the door open for piracy to set down its roots. Then later, again instead of embracing and harnessing the power of the new technology that made rampant piracy possible, many major companies poured millions of dollars into shutting down pirates through the slow and costly legal system. Even today we blame big technology for the downturn in revenue we’ve seen since digital music has overtakenphy... more »

Billboard: It's Time For the Music Business to Start Embracing the Blockchain: Guest Post

One thing I’ve learned in my many years in the music business is that the music industry is afraid of technology. With every new technology, from digital radio to the mp3, the music industry has dug in its heels resisting change, often at its own expense.

In the early 2000s when digital music was in its infancy, instead of embracing this new frontier, the industry rejected it, instead leaving the door open for piracy to set down its roots. Then later, again instead of embracing and harnessing the power of the new technology that made rampant piracy possible, many major companies poured millions of dollars into shutting down pirates through the slow and costly legal system. Even today we blame big technology for the downturn in revenue we’ve seen since digital music has overtaken physical product.

Don’t get me wrong -- there is a HUGE DISPARITY between the royalty rates paid by tech companies and the royalty rates that music creators deserve. However, with technology growing faster than it ever has, it has become a requirement that we in turn do our part to adapt and stay educated. We just can’t afford to stay set in our old ways. It is easy to point the finger of blame at big technology companies that seemingly profit exponentially off the work of creators. Yes, these companies absolutely should pay more for the use of music, but we cannot ignore the fact that the technology community has some valid complaints. If those of us who represent music creators aren’t able to come together and find common ground with these companies, the only ones to blame for our ultimate failure will be ourselves.___

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2017-04-12 02:25:26 (19 comments; 7 reshares; 49 +1s; )Open 

Business Insider: Bitcoin is spiking

Bitcoin is up 1.3% at $1,227 a coin as traders move into the cryptocurrency amid a scramble for safety. Tuesday's bid comes following rising political tensions in the Middle East and on the Korean Peninsula which caused a steep sell off in risk assets. While those assets have clawed back their losses, bitcoin and other plays like the yen are holding onto their gains.

Tuesday's advance has the cryptocurrency trading at its best level since March 16, the day before worries resurfaced that bitcoin's developers could set up a "hard fork," splitting it in two.

Business Insider: Bitcoin is spiking

Bitcoin is up 1.3% at $1,227 a coin as traders move into the cryptocurrency amid a scramble for safety. Tuesday's bid comes following rising political tensions in the Middle East and on the Korean Peninsula which caused a steep sell off in risk assets. While those assets have clawed back their losses, bitcoin and other plays like the yen are holding onto their gains.

Tuesday's advance has the cryptocurrency trading at its best level since March 16, the day before worries resurfaced that bitcoin's developers could set up a "hard fork," splitting it in two.___

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2017-04-12 02:21:21 (0 comments; 0 reshares; 0 +1s; )Open 

Who is UK most likely to add during college basketball’s spring signing period?

The regular signing period for college basketball starts Wednesday, and John Calipari’s roster for next season is far from set.

The UK coach added a commitment Tuesday from four-star shooting guard Jemarl Baker, who joins a class that was already ranked No. 1 nationally and included four McDonald’s All-Americans and two other highly touted newcomers.

Who is UK most likely to add during college basketball’s spring signing period?

The regular signing period for college basketball starts Wednesday, and John Calipari’s roster for next season is far from set.

The UK coach added a commitment Tuesday from four-star shooting guard Jemarl Baker, who joins a class that was already ranked No. 1 nationally and included four McDonald’s All-Americans and two other highly touted newcomers.___

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2017-04-11 23:08:38 (10 comments; 12 reshares; 56 +1s; )Open 

Russia hopes legitimizing Bitcoin will thwart crooks

Russia's existing stance on bitcoin and other digital currencies is... less than welcoming. You could face website bans and prison time just for using it. However, the country is making an about-face on the idea. Deputy Finance Minister Alexey Moiseev tells Bloomberg that Russia hopes to recognize cryptocurrencies in 2018. Officials still have to determine how they will categorize this virtual money (assets? Cash?Securities?) sometime in mid-2017, but it's now more a question of "when" than "if." Of course, this isn't a purely benevolent move -- it's really about cutting back on crime.

Moiseev pitches this as a bid to fight money laundering. If Russia knows who's involved in a transaction (as is the case with regular money), it can thwart attempts to disguise crimes by shuttlingmoney... more »

Russia hopes legitimizing Bitcoin will thwart crooks

Russia's existing stance on bitcoin and other digital currencies is... less than welcoming. You could face website bans and prison time just for using it. However, the country is making an about-face on the idea. Deputy Finance Minister Alexey Moiseev tells Bloomberg that Russia hopes to recognize cryptocurrencies in 2018. Officials still have to determine how they will categorize this virtual money (assets? Cash?Securities?) sometime in mid-2017, but it's now more a question of "when" than "if." Of course, this isn't a purely benevolent move -- it's really about cutting back on crime.

Moiseev pitches this as a bid to fight money laundering. If Russia knows who's involved in a transaction (as is the case with regular money), it can thwart attempts to disguise crimes by shuttling money abroad. The country has already had success fighting conventional laundering schemes in the past several years, and this would prevent criminals from shifting to digital formats.___

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2017-04-11 14:15:21 (12 comments; 0 reshares; 34 +1s; )Open 

Meet the millennials making big money riding China's bitcoin wave

On a sunny afternoon in west Beijing, on the auspicious eighth floor of a nondescript concrete high-rise, Huai Yang sits with the curtains drawn in his apartment, making his own luck.

For the past six months, 27-year-old Yang has worked mainly from home, mainly from his sofa, tracking and trading bitcoin, and watching the money roll in. The flat itself is modestly sized; Yang moved in in his pre-bitcoin days when he worked variously for a crowdfunder start-up, a branding consultancy and dabbled in hedge-fund management, all of which he describes as “creative financial work”. Now, though, his main focus is bitcoin, which is “much younger, more fun, and much more money”. Yang claims to make up to 1m yuan (£116,000) a month, under the radar of the taxman, purely from trading the online cryptocurrency.

Meet the millennials making big money riding China's bitcoin wave

On a sunny afternoon in west Beijing, on the auspicious eighth floor of a nondescript concrete high-rise, Huai Yang sits with the curtains drawn in his apartment, making his own luck.

For the past six months, 27-year-old Yang has worked mainly from home, mainly from his sofa, tracking and trading bitcoin, and watching the money roll in. The flat itself is modestly sized; Yang moved in in his pre-bitcoin days when he worked variously for a crowdfunder start-up, a branding consultancy and dabbled in hedge-fund management, all of which he describes as “creative financial work”. Now, though, his main focus is bitcoin, which is “much younger, more fun, and much more money”. Yang claims to make up to 1m yuan (£116,000) a month, under the radar of the taxman, purely from trading the online cryptocurrency.___

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2017-04-06 07:17:12 (14 comments; 9 reshares; 59 +1s; )Open 

Kim Dotcom announces Bitcontent, a new Bitcoin venture for content uploaders to earn money

Controversial New Zealand-based internet mogul Kim Dotcom plans to launch a Bitcoin payments system for users to sell files and video streaming as he fights extradition to the United States for criminal copyright charges.

The German-born entrepreneur, who is wanted by U.S. law enforcement on copyright and money laundering allegations related to his now-defunct streaming site Megaupload, announced his new venture called ‘Bitcontent’ in a video posted on Youtube this week.

“You can create a payment for any content that you put on the internet…you can share that with your customers, with the interest community and, boom, you are basically in business and can sell your content,” Dotcom said in the video.

Kim Dotcom announces Bitcontent, a new Bitcoin venture for content uploaders to earn money

Controversial New Zealand-based internet mogul Kim Dotcom plans to launch a Bitcoin payments system for users to sell files and video streaming as he fights extradition to the United States for criminal copyright charges.

The German-born entrepreneur, who is wanted by U.S. law enforcement on copyright and money laundering allegations related to his now-defunct streaming site Megaupload, announced his new venture called ‘Bitcontent’ in a video posted on Youtube this week.

“You can create a payment for any content that you put on the internet…you can share that with your customers, with the interest community and, boom, you are basically in business and can sell your content,” Dotcom said in the video.___

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2017-04-06 07:10:28 (0 comments; 0 reshares; 2 +1s; )Open 

Reds’ Anthony DeSclafani to 60 day DL

Cincinnati Reds ace Anthony DeSclafani was placed on the 60 day DL while the Reds claimed Tyler Goeddel off waivers from the Phillies

Anthony DeSclafani was considered the ace of the Cincinnati Reds rotation coming into the season.  He started the season on the 10 day DL but was promptly moved to the 60 day DL after progress was not made on his sprained ulnar collateral ligament.  Moving DeSclafani to the 60 day DL means that he will not be eligible to come back for the Reds until at least June. DeSclafani was 9-5 in the 2016 campaign with a 3.28 ERA.

Reds’ Anthony DeSclafani to 60 day DL

Cincinnati Reds ace Anthony DeSclafani was placed on the 60 day DL while the Reds claimed Tyler Goeddel off waivers from the Phillies

Anthony DeSclafani was considered the ace of the Cincinnati Reds rotation coming into the season.  He started the season on the 10 day DL but was promptly moved to the 60 day DL after progress was not made on his sprained ulnar collateral ligament.  Moving DeSclafani to the 60 day DL means that he will not be eligible to come back for the Reds until at least June. DeSclafani was 9-5 in the 2016 campaign with a 3.28 ERA.___

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2017-04-06 07:01:49 (4 comments; 2 reshares; 48 +1s; )Open 

Japan is Set for Massive Explosion in Bitcoin Acceptance

Japan is set to for a massive explosion in Bitcoin acceptance. This is after a new law that authorizes the use of digital currency like Bitcoin came into force on April 1, 2017, the text of which was released by Japan’s Financial Services Agency on March 24, 2017. The way is now clear for Japanese merchants to start accepting Bitcoin at stores to make purchases.

Japan is Set for Massive Explosion in Bitcoin Acceptance

Japan is set to for a massive explosion in Bitcoin acceptance. This is after a new law that authorizes the use of digital currency like Bitcoin came into force on April 1, 2017, the text of which was released by Japan’s Financial Services Agency on March 24, 2017. The way is now clear for Japanese merchants to start accepting Bitcoin at stores to make purchases.___

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2017-04-06 06:44:38 (0 comments; 0 reshares; 0 +1s; )Open 

Bleacher Report: Bam Adebayo Enters 2017 NBA Draft Pool, Will Not Hire Agent

After a strong freshman campaign, Kentucky forward Bam Adebayo placed his name in the 2017 NBA draft pool Wednesday.

According to a Kentucky news release, Adebayo did not hire an agent, which means he has until May 24 to pull his name out of consideration and return to school.

Bleacher Report: Bam Adebayo Enters 2017 NBA Draft Pool, Will Not Hire Agent

After a strong freshman campaign, Kentucky forward Bam Adebayo placed his name in the 2017 NBA draft pool Wednesday.

According to a Kentucky news release, Adebayo did not hire an agent, which means he has until May 24 to pull his name out of consideration and return to school.___

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2017-04-06 06:15:22 (2 comments; 1 reshares; 35 +1s; )Open 

Litecoin Moves Within 5% of its SegWit Activation Threshold

The litecoin network appears to be on the cusp of enacting a technical upgrade that would boost the capacity of its network.

At press time, just over 70% of litecoin's miners were signaling support for Segregated Witness, a technical innovation first pitched as a scaling solution for the bitcoin blockchain, but that has not yet seen similar levels of adoption from its miners.

With increasing support, litecoin is now just 5% shy away from achieving the 75% network consensus threshold required for activation. On bitcoin, by contrast, just 31% of miners are signaling that they would support the software upgrade.

Notably, litecoin first began offering miners the ability to flag support for the proposal on 3rd February, nearly three months after the code was released to the bitcoinnetwor... more »

Litecoin Moves Within 5% of its SegWit Activation Threshold

The litecoin network appears to be on the cusp of enacting a technical upgrade that would boost the capacity of its network.

At press time, just over 70% of litecoin's miners were signaling support for Segregated Witness, a technical innovation first pitched as a scaling solution for the bitcoin blockchain, but that has not yet seen similar levels of adoption from its miners.

With increasing support, litecoin is now just 5% shy away from achieving the 75% network consensus threshold required for activation. On bitcoin, by contrast, just 31% of miners are signaling that they would support the software upgrade.

Notably, litecoin first began offering miners the ability to flag support for the proposal on 3rd February, nearly three months after the code was released to the bitcoin network.___

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2017-04-05 11:38:49 (4 comments; 3 reshares; 43 +1s; )Open 

Purse Proposal Touts Extension Blocks as Bitcoin Scaling Solution

Bitcoin startup Purse is spearheading work on a new solution it believes could break the network's long-simmering scaling gridlock.

In a new blog post issued today, Purse has released a specification that includes demo functionality and code for upgrading its bitcoin software implementation, Bcoin, to support "extension blocks". The technical update seeks to enable the network to optionally support different kinds of blocks in addition to the default 1 MB blocks that today make up the main bitcoin blockchain (and that have long been a source of community tension).

The move to develop the technology finds Purse pitching its implementation – one that is today an alternative to versions by Bitcoin Core and Bitcoin Unlimited – as a third option in the scaling debate that would bring abouta bl... more »

Purse Proposal Touts Extension Blocks as Bitcoin Scaling Solution

Bitcoin startup Purse is spearheading work on a new solution it believes could break the network's long-simmering scaling gridlock.

In a new blog post issued today, Purse has released a specification that includes demo functionality and code for upgrading its bitcoin software implementation, Bcoin, to support "extension blocks". The technical update seeks to enable the network to optionally support different kinds of blocks in addition to the default 1 MB blocks that today make up the main bitcoin blockchain (and that have long been a source of community tension).

The move to develop the technology finds Purse pitching its implementation – one that is today an alternative to versions by Bitcoin Core and Bitcoin Unlimited – as a third option in the scaling debate that would bring about a block size increase and malleability fix via soft fork, or a change that doesn't risk splitting the bitcoin blockchain.___

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2017-03-14 13:57:21 (0 comments; 1 reshares; 4 +1s; )Open 

Happy Pi Day! 

Happy Pi Day! ___

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2017-03-12 12:12:03 (70 comments; 6 reshares; 82 +1s; )Open 

Micro Loans with Bitcoin

Did you know that you can get a business loan without ever stepping foot in a bank? You can by using bitcoin! Sites like Bitbond link business owners with investors looking to help finance small business loans.

The process works as a business owner will request how much they would like to borrow and the time period for which they would like to repay the money. This will create an "auction" where for the next 14 days any investor can contribute as little or as much as they would like toward the borrower's goal. If the loan gets fulfilled within the 14 days then the borrower gets the funds but if not then what was designated to the loan gets returned back to the investors.

As some of you may know I operate a Bitcoin Teller Machine business on the side in my home state. To start this business I originally placed a loan on BTCJam... more »

Micro Loans with Bitcoin

Did you know that you can get a business loan without ever stepping foot in a bank? You can by using bitcoin! Sites like Bitbond link business owners with investors looking to help finance small business loans.

The process works as a business owner will request how much they would like to borrow and the time period for which they would like to repay the money. This will create an "auction" where for the next 14 days any investor can contribute as little or as much as they would like toward the borrower's goal. If the loan gets fulfilled within the 14 days then the borrower gets the funds but if not then what was designated to the loan gets returned back to the investors.

As some of you may know I operate a Bitcoin Teller Machine business on the side in my home state. To start this business I originally placed a loan on BTCJam (another lending site) for enough funds to launch the machine and operate for a few months. It was far easier than dealing with a bank and allowed me to get started very quickly!

Recently I've been toying with the idea of expanding into a new location in my state but was always on the fence back and forth. I finally decided I would give it a shot and posted a new loan request to Bitbond seeking the funds to get started. It funded in a little over a week which not only gave me the funds I needed but validated my idea against a larger group of investors.

If you have a business or would like to start one and are in need of funds I would highly recommend checking out Bitbond. Not only does this save you the time of dealing with a bank but it also allows you to support the growing bitcoin ecosystem and investors who are willing to support you.___

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2017-03-08 00:26:37 (66 comments; 8 reshares; 80 +1s; )Open 

SEC Expected to Decide Bitcoin ETF's Fate By Friday

The US Securities and Exchange Commission's decision on the much-anticipated bitcoin exchange-traded fund (ETF) is expected by Friday, according to a source with knowledge of the agency’s deliberations.

The SEC has an 11th March deadline to make a decision regarding the proposed rule change that would clear the way for the ETF, which would be the first of its kind. Yet because the 11th falls on a Saturday, that decision will come before that date – potentially before Friday, the source said.

The decision, regardless of the outcome, will cap a more than three-year period since investors Cameron and Tyler Winklevoss first filed with the SEC in mid-2013.

SEC Expected to Decide Bitcoin ETF's Fate By Friday

The US Securities and Exchange Commission's decision on the much-anticipated bitcoin exchange-traded fund (ETF) is expected by Friday, according to a source with knowledge of the agency’s deliberations.

The SEC has an 11th March deadline to make a decision regarding the proposed rule change that would clear the way for the ETF, which would be the first of its kind. Yet because the 11th falls on a Saturday, that decision will come before that date – potentially before Friday, the source said.

The decision, regardless of the outcome, will cap a more than three-year period since investors Cameron and Tyler Winklevoss first filed with the SEC in mid-2013.___

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2017-03-04 09:30:50 (22 comments; 10 reshares; 67 +1s; )Open 

Texas Lawmaker Proposes Constitutional Right to Own Bitcoin

A Texas lawmaker has put forward a proposed constitutional amendment that would protect the right to own and use digital currencies like bitcoin in the state.

Texas House Joint Resolution 89, sponsored by Representative Matt Schaefer, would alter Article I of the Texas state constitution to enshrine the right to use any "mutually agreed upon medium of exchange". The bill was introduced on 2nd March.

What’s more, the amendment would impede any government effort to interfere with that use or ownership.

Texas Lawmaker Proposes Constitutional Right to Own Bitcoin

A Texas lawmaker has put forward a proposed constitutional amendment that would protect the right to own and use digital currencies like bitcoin in the state.

Texas House Joint Resolution 89, sponsored by Representative Matt Schaefer, would alter Article I of the Texas state constitution to enshrine the right to use any "mutually agreed upon medium of exchange". The bill was introduced on 2nd March.

What’s more, the amendment would impede any government effort to interfere with that use or ownership.___

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2017-02-24 00:23:33 (53 comments; 11 reshares; 101 +1s; )Open 

Bitcoin Price Sets New All-Time High

The price of bitcoin has reached a new all-time high.

Bitcoin prices hit a high of $1,172.09, according to the CoinDesk Bitcoin Price Index (BPI) – surpassing a level first set more than three years ago in November 2013, when the BPI reported an average price high of $1,165.89.

The move followed a morning of price gains, coming amid the longest period ever in which bitcoin's value has stayed above $1,000.

Bitcoin Price Sets New All-Time High

The price of bitcoin has reached a new all-time high.

Bitcoin prices hit a high of $1,172.09, according to the CoinDesk Bitcoin Price Index (BPI) – surpassing a level first set more than three years ago in November 2013, when the BPI reported an average price high of $1,165.89.

The move followed a morning of price gains, coming amid the longest period ever in which bitcoin's value has stayed above $1,000.___

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2017-02-12 00:06:27 (51 comments; 11 reshares; 80 +1s; )Open 

Better Bitcoin Privacy, Scalability: Developers Making TumbleBit a Reality

TumbleBit is probably one of the most promising technological advancements built on top of Bitcoin to date. Not only does it offer one of the best — if not the best — privacy related innovations so far, it can also provide significant scaling benefits as a payment hub. The solution is also fully compatible with the current Bitcoin protocol and, most important, it is in an advanced stage of development.

“The prospect is good that before summer we will have software that regular users can safely use,” one of TumbleBit’s inventors, Ethan Heilman, told Bitcoin Magazine.

Better Bitcoin Privacy, Scalability: Developers Making TumbleBit a Reality

TumbleBit is probably one of the most promising technological advancements built on top of Bitcoin to date. Not only does it offer one of the best — if not the best — privacy related innovations so far, it can also provide significant scaling benefits as a payment hub. The solution is also fully compatible with the current Bitcoin protocol and, most important, it is in an advanced stage of development.

“The prospect is good that before summer we will have software that regular users can safely use,” one of TumbleBit’s inventors, Ethan Heilman, told Bitcoin Magazine.___

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2017-02-11 20:13:49 (7 comments; 4 reshares; 31 +1s; )Open 

Illinois Legislator Calls for Blockchain Working Group

A draft resolution submitted to the Illinois legislature has proposed the creation of a working group dedicated to blockchain technology.

House Resolution 120, filed on Wednesday by state representative Michael Zalewski, would establish a 12-person group focused on researching the tech. Public records show that the resolution has been referred to the House Rules Committee for consideration.

At its heart, the draft calls for Illinois to investigate how state and local-level governments can utilize blockchain – work that is already being done, in a way, by a consortium of government agencies in the state. State officials have also developed a regulatory framework for businesses looking to work with digital currencies like bitcoin.

The resolution states:

"...the Illinois LegislativeBlo... more »

Illinois Legislator Calls for Blockchain Working Group

A draft resolution submitted to the Illinois legislature has proposed the creation of a working group dedicated to blockchain technology.

House Resolution 120, filed on Wednesday by state representative Michael Zalewski, would establish a 12-person group focused on researching the tech. Public records show that the resolution has been referred to the House Rules Committee for consideration.

At its heart, the draft calls for Illinois to investigate how state and local-level governments can utilize blockchain – work that is already being done, in a way, by a consortium of government agencies in the state. State officials have also developed a regulatory framework for businesses looking to work with digital currencies like bitcoin.

The resolution states:

"...the Illinois Legislative Blockchain and Distributed Ledger Task Force [will] study how and if State, county, and municipal governments can benefit from a transition to a blockchain based system for recordkeeping and service delivery…"___

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2017-02-11 20:08:38 (3 comments; 8 reshares; 41 +1s; )Open 

Leading Indian Bitcoin Exchanges Form Association, Aim at Self-Regulation

Leading Indian Bitcoin exchanges including Zebpay, Unocoin and Coinsecure have formed an industry-wide organization called the Blockchain and Virtual Currency Association of India.

Earlier this month, the Reserve Bank of India (RBI) released a document designed to warn users against Bitcoin and its apparent risk. The RBI suggested users to actively look into the risk and unpredictability of Bitcoin trading before they initiate in any activities involving Bitcoin or other digital currencies.

Saurabh Agarwal, co-founder of Bitcoin trading and wallet company Zebpay stated:

“While we have been planning to create an association for some time, we finally pushed things after the circular.”

Leading Indian Bitcoin Exchanges Form Association, Aim at Self-Regulation

Leading Indian Bitcoin exchanges including Zebpay, Unocoin and Coinsecure have formed an industry-wide organization called the Blockchain and Virtual Currency Association of India.

Earlier this month, the Reserve Bank of India (RBI) released a document designed to warn users against Bitcoin and its apparent risk. The RBI suggested users to actively look into the risk and unpredictability of Bitcoin trading before they initiate in any activities involving Bitcoin or other digital currencies.

Saurabh Agarwal, co-founder of Bitcoin trading and wallet company Zebpay stated:

“While we have been planning to create an association for some time, we finally pushed things after the circular.”___

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2017-02-11 17:44:12 (1 comments; 4 reshares; 30 +1s; )Open 

Winklevoss Bitcoin ETF Offering Expands to $100 Million

New documents filed for the bitcoin exchange traded fund (ETF) sought by investors Cameron and Tyler Winklevoss reveal that the size of the offering has grown to $100m.

The years-long effort – delayed more than once by the US Securities and Exchange Commission (SEC) – is aimed at providing a means for investors to gain exposure to bitcoin without actually having to buy the digital currency.

The SEC is expected to make a decision on the Winklevoss Bitcoin ETF later this year, with its self-imposed deadline of 11th March inching closer. Speculation around the approval is such that at least one exchange has moved to offer a prediction market, letting traders bet on the possible outcome.

Winklevoss Bitcoin ETF Offering Expands to $100 Million

New documents filed for the bitcoin exchange traded fund (ETF) sought by investors Cameron and Tyler Winklevoss reveal that the size of the offering has grown to $100m.

The years-long effort – delayed more than once by the US Securities and Exchange Commission (SEC) – is aimed at providing a means for investors to gain exposure to bitcoin without actually having to buy the digital currency.

The SEC is expected to make a decision on the Winklevoss Bitcoin ETF later this year, with its self-imposed deadline of 11th March inching closer. Speculation around the approval is such that at least one exchange has moved to offer a prediction market, letting traders bet on the possible outcome.___

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2017-02-11 17:31:22 (2 comments; 4 reshares; 33 +1s; )Open 

Two of China's Biggest Exchanges Stop Bitcoin Withdrawals

Two of China's most widely used bitcoin exchanges have announced that they will suspend bitcoin and litecoin withdrawals for one month effective immediately.

Yuan recharge, withdrawals and other services will not be affected, the exchanges said.

In public posts that showcase the increasingly coordinated nature of exchange policy in the region, both OKCoin and Huobi said today that the move was a bid to bolster their anti-money laundering (AML) capabilities and prevent "illegal transactions". In the case of OKCoin, only it's OKCoin.cn portal is affected.

Both OKCoin and Huobi indicated that their platforms would now go through an “upgrade” to combat “money laundering, exchange, pyramid schemes and other illegal activities”, though no further details wereprovided.... more »

Two of China's Biggest Exchanges Stop Bitcoin Withdrawals

Two of China's most widely used bitcoin exchanges have announced that they will suspend bitcoin and litecoin withdrawals for one month effective immediately.

Yuan recharge, withdrawals and other services will not be affected, the exchanges said.

In public posts that showcase the increasingly coordinated nature of exchange policy in the region, both OKCoin and Huobi said today that the move was a bid to bolster their anti-money laundering (AML) capabilities and prevent "illegal transactions". In the case of OKCoin, only it's OKCoin.cn portal is affected.

Both OKCoin and Huobi indicated that their platforms would now go through an “upgrade” to combat “money laundering, exchange, pyramid schemes and other illegal activities”, though no further details were provided.___

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2017-02-09 10:36:17 (17 comments; 13 reshares; 53 +1s; )Open 

Georgia Becomes First Country to Register Property on Blockchain

On Tuesday, in Tbilisi, the government of Georgia signed an agreement to use the Bitcoin Blockchain to verify property transactions.

Last April, the Georgian government and Bitcoin company BitFury initiated a project to record land titles on the Blockchain.

This is the first time a national government is using the Blockchain to safeguard and authenticate state operations, therefore ushering in a belief in the technology that has wrongfully been painted black.

Georgia Becomes First Country to Register Property on Blockchain

On Tuesday, in Tbilisi, the government of Georgia signed an agreement to use the Bitcoin Blockchain to verify property transactions.

Last April, the Georgian government and Bitcoin company BitFury initiated a project to record land titles on the Blockchain.

This is the first time a national government is using the Blockchain to safeguard and authenticate state operations, therefore ushering in a belief in the technology that has wrongfully been painted black.___

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2017-02-09 10:31:54 (2 comments; 5 reshares; 24 +1s; )Open 

The U.S. Postal Service Seeks Bitcoin Experts to Counter Darknet Markets

It appears the United States Postal Service is determined not to be the courier of choice for drug dealers any longer.

Judging by a recent job listing sent to the information security community, the United States Postal Inspection Service (USPIS) — the law enforcement arm of the U.S. Postal Service (USPS) — wants to sniff out users of darknet markets that send their packages by mail. Applicants for the job, listed as “Investigative (Internet) Analyst”, are expected to know their way around bitcoin — the currency of choice on the darkweb — a as well as other tools typically used by darknets, like Tor.

Although the job listing doesn’t appear to be published online any more, according toDeep Dot Web the USPIS is specifically looking for applicants able to unmask pseudonymous usersof dark net marke... more »

The U.S. Postal Service Seeks Bitcoin Experts to Counter Darknet Markets

It appears the United States Postal Service is determined not to be the courier of choice for drug dealers any longer.

Judging by a recent job listing sent to the information security community, the United States Postal Inspection Service (USPIS) — the law enforcement arm of the U.S. Postal Service (USPS) — wants to sniff out users of darknet markets that send their packages by mail. Applicants for the job, listed as “Investigative (Internet) Analyst”, are expected to know their way around bitcoin — the currency of choice on the darkweb — a as well as other tools typically used by darknets, like Tor.

Although the job listing doesn’t appear to be published online any more, according toDeep Dot Web the USPIS is specifically looking for applicants able to unmask pseudonymous users of dark net markets:

“Candidates shall be capable of performing a prioritized assessment of the data to identify the most critical and reliable data in order to identify bitcoins, locations, accounts, services, travels, email addresses, IP addresses and other pattern of life data in an effort to determine physical attribution of an Internet identity.”___

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2017-02-09 10:26:03 (4 comments; 1 reshares; 29 +1s; )Open 

You Can Now Bet Bitcoin on Whether the Winklevoss ETF Will Go Live

A new prediction market is targeting one of the industry's biggest unanswered questions.

Announced today, leveraged bitcoin trading platform BitMEX has launched a prediction futures contract that it says will allow traders to bet on whether the SEC will approve the Winklevoss Bitcoin Trust ETF, the long-awaited US public investment vehicle that would offer exposure to the digital currency.

The Hong-Kong based exchange has made this market available at a time when the speculation surrounding the potential approval of this bitcoin ETF has generated significant visibility.

First filed in 2014 by investors Cameron and Tyler Winklevoss, the SEC has repeatedly kicked the can down the road on a decision about its launch, a move that has set up its final deadline on 11th March.

You Can Now Bet Bitcoin on Whether the Winklevoss ETF Will Go Live

A new prediction market is targeting one of the industry's biggest unanswered questions.

Announced today, leveraged bitcoin trading platform BitMEX has launched a prediction futures contract that it says will allow traders to bet on whether the SEC will approve the Winklevoss Bitcoin Trust ETF, the long-awaited US public investment vehicle that would offer exposure to the digital currency.

The Hong-Kong based exchange has made this market available at a time when the speculation surrounding the potential approval of this bitcoin ETF has generated significant visibility.

First filed in 2014 by investors Cameron and Tyler Winklevoss, the SEC has repeatedly kicked the can down the road on a decision about its launch, a move that has set up its final deadline on 11th March.___

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2017-02-09 10:23:45 (7 comments; 4 reshares; 23 +1s; )Open 

China's Central Bank Issues New Warning to Bitcoin Exchanges

The People's Bank of China issued a new statement today in which it laid out in writing the warning it issued to nine domestic startups in a meeting yesterday.

The post, issued via the central bank’s website, confirmed rumors that circulated yesterday suggesting that the new meetings were broader than ones held earlier in the month, including a number of lesser-known bitcoin and cryptocurrency exchanges.

Perhaps most notably, the PBOC indicated it has issued specific directives to the businesses, reiterating that the platforms must enforce anti-money laundering (AML) and foreign exchange regulations.

China's Central Bank Issues New Warning to Bitcoin Exchanges

The People's Bank of China issued a new statement today in which it laid out in writing the warning it issued to nine domestic startups in a meeting yesterday.

The post, issued via the central bank’s website, confirmed rumors that circulated yesterday suggesting that the new meetings were broader than ones held earlier in the month, including a number of lesser-known bitcoin and cryptocurrency exchanges.

Perhaps most notably, the PBOC indicated it has issued specific directives to the businesses, reiterating that the platforms must enforce anti-money laundering (AML) and foreign exchange regulations.___

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2017-02-07 22:40:01 (3 comments; 8 reshares; 35 +1s; )Open 

Venezuela Seems to Be Cracking Down on Bitcoin

It appears that the Venezuelan authorities have had enough of Bitcoin. Over the past two weeks, police in the Latin American country arrested eight Bitcoin miners in three different cities. While some of them were accused of cybercrime and stealing energy, others were merely selling ASIC hardware. In addition to that, the country’s main exchange — Surbitcoin — had to halt operations, as the company’s bank closed their account.

While the country’s economy is in a state of turmoil, and the national currency — the bolivar — has been in hyperinflationary free fall for some time, the socialist regime in the Latin American country subsidizes electricity to the point where it’s almost free. As covered in a popular article published onreason.com last November, this has made Bitcoin mining popular among some tech-savvyVenezuelans. Even yi... more »

Venezuela Seems to Be Cracking Down on Bitcoin

It appears that the Venezuelan authorities have had enough of Bitcoin. Over the past two weeks, police in the Latin American country arrested eight Bitcoin miners in three different cities. While some of them were accused of cybercrime and stealing energy, others were merely selling ASIC hardware. In addition to that, the country’s main exchange — Surbitcoin — had to halt operations, as the company’s bank closed their account.

While the country’s economy is in a state of turmoil, and the national currency — the bolivar — has been in hyperinflationary free fall for some time, the socialist regime in the Latin American country subsidizes electricity to the point where it’s almost free. As covered in a popular article published onreason.com last November, this has made Bitcoin mining popular among some tech-savvy Venezuelans. Even yields from older, secondhand hardware can provide a lifeline to order food products and medicines from outside of the country.

There is no official law against Bitcoin mining in Venezuela, and using the digital currency is legal too: travel agency Destiniaeven decided to ditch the bolivar andexclusively accept bitcoin. Regardless, as the country has been plagued by scarce electricity and regular blackouts, it appears that (ab)using the cheap energy for the purpose of Bitcoin mining does not go down well with local authorities.___

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2017-02-07 22:07:37 (6 comments; 5 reshares; 26 +1s; )Open 

Arizona Bill Would Make Blockchain Smart Contracts 'Legal'

An Arizona legislator wants to amend state law to account for blockchain signatures and smart contracts, public records show.

HB 2417, introduced on 6th February, would make a signature enshrined on a blockchain a legal signature under Arizona law. Conversely, any "record or contract" secured by a blockchain would be "considered to be in an electronic format and to be an electronic record". The bill was put forward by state representative Jeff Weninger.

Notably, the bill’s language also explicitly accounts for the use of smart contracts, or self-executing agreements built on top of a blockchain.

Arizona Bill Would Make Blockchain Smart Contracts 'Legal'

An Arizona legislator wants to amend state law to account for blockchain signatures and smart contracts, public records show.

HB 2417, introduced on 6th February, would make a signature enshrined on a blockchain a legal signature under Arizona law. Conversely, any "record or contract" secured by a blockchain would be "considered to be in an electronic format and to be an electronic record". The bill was put forward by state representative Jeff Weninger.

Notably, the bill’s language also explicitly accounts for the use of smart contracts, or self-executing agreements built on top of a blockchain.___

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2017-02-07 14:21:08 (0 comments; 4 reshares; 42 +1s; )Open 

Bitcoin's Price is Back Within $100 of its 2017 High

The price of bitcoin keeps creeping higher.

Bolstered by buoyed sentiment (and the increasing unlikelihood that China’s central bank will again step in and correct the market), bitcoin breached $1,050 at 13:00 UTC amid a near-3% increase for the day so far.

The total marked the highest point observed on the CoinDesk Bitcoin Price Index (BPI) since 6th January, just a day after the price dropped nearly $200 within hours of hovering near all-time highs set in late 2013 (a move that was widely attributed to the widespread use of market leverage).

Bitcoin's Price is Back Within $100 of its 2017 High

The price of bitcoin keeps creeping higher.

Bolstered by buoyed sentiment (and the increasing unlikelihood that China’s central bank will again step in and correct the market), bitcoin breached $1,050 at 13:00 UTC amid a near-3% increase for the day so far.

The total marked the highest point observed on the CoinDesk Bitcoin Price Index (BPI) since 6th January, just a day after the price dropped nearly $200 within hours of hovering near all-time highs set in late 2013 (a move that was widely attributed to the widespread use of market leverage).___

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2017-02-07 01:16:22 (6 comments; 2 reshares; 32 +1s; )Open 

North Dakota Legislators Advance Plan for Bitcoin Regulation

Legislators in North Dakota are quietly, but quickly, advancing a measure to study how the state should approach regulating digital currencies like bitcoin.

Public records show that at the end of last year, the North Dakota Senate’s Industry, Business and Labor Committee Committee put forward Bill 2100, which included language for a report on the feasibility of regulating bitcoin. The bill was introduced at the request of the state’s Department of Financial Institutions, the chief finance regulator for the state.

The measure was passed unanimously in the Senate on 12th January with 46 votes. The legislature’s lower chamber has since taken up the bill, though no hearings have been scheduled as of yet. However, the rapid pace in the Senate suggests that the study is likely to be approved oncerepresent... more »

North Dakota Legislators Advance Plan for Bitcoin Regulation

Legislators in North Dakota are quietly, but quickly, advancing a measure to study how the state should approach regulating digital currencies like bitcoin.

Public records show that at the end of last year, the North Dakota Senate’s Industry, Business and Labor Committee Committee put forward Bill 2100, which included language for a report on the feasibility of regulating bitcoin. The bill was introduced at the request of the state’s Department of Financial Institutions, the chief finance regulator for the state.

The measure was passed unanimously in the Senate on 12th January with 46 votes. The legislature’s lower chamber has since taken up the bill, though no hearings have been scheduled as of yet. However, the rapid pace in the Senate suggests that the study is likely to be approved once representatives put the measure to a vote.

If passed and signed by Gov. Doug Burgum, the study would put North Dakota on the path to introducing specific regulations for digital currencies.___

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