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Patrick Ulrich has been at 1 events

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Google Play8,569,526Join 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 12:30:003152  

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Most comments: 6

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2015-07-02 20:53:11 (6 comments, 0 reshares, 2 +1s)Open 

Answer for 10,000 Satoshi

Who is in this picture?

First person with the correct answer wins!

Most reshares: 6

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2015-06-30 04:47:43 (0 comments, 6 reshares, 15 +1s)Open 

Greeks are rushing to Bitcoin

With bank doors slammed shut, frantic Greeks are turning to online trading platforms to see if the digital money Bitcoin is a better bet than the euro.

The world's largest Bitcoin exchanges tell CNNMoney they've seen a surge of business from Greece.

Ten times as many Greeks are registering to trade bitcoins on the German marketplace Bitcoin.de than usual, according to CEO Oliver Flaskaemper. Bitcoin trades from Greece have shot up 79% from their ten-week average on Bitstamp, the world's third-largest exchange.

When you don't control your money then you don't actually own it. 

Most plusones: 23

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2015-07-19 05:12:42 (0 comments, 2 reshares, 23 +1s)Open 

Bitcoin and space travel are two of the fastest-growing areas of venture-capital funding

Two of the industries most historically owned by the government are now venture capital targets—money and spaceships. According to Mattermark data analyzed by Tomasz Tunguz of the venture capital firm Redpoint, bitcoin and space travel were two of the four fastest-growing areas for startup investment in the past three years.

Bitcoin FTW!

Latest 50 posts

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2015-07-27 05:14:48 (1 comments, 1 reshares, 5 +1s)Open 

DigitalBTC Buys $10.1 Million in Bitcoin Despite Losses

Australian cryptocurrency firm DigitalBTC bought $10.1m worth of bitcoin in Q2 of this year, the company's latest quarterly report reveals.

This brings the amount of bitcoin the company has purchased over the past 12 months to almost $29.7m.

The report also shows DigitalBTC – the first crypto firm to list on Australian Securities Exchange (ASX), under Digital CC Limited – closed the quarter with an inventory of $1m in bitcoin.

Nevertheless, the company reported a negative operating cashflow of $1.2m in Q2 of 2015 having received around $10.8m for operating activities, but spending close to $12m.

DigitalBTC Buys $10.1 Million in Bitcoin Despite Losses

Australian cryptocurrency firm DigitalBTC bought $10.1m worth of bitcoin in Q2 of this year, the company's latest quarterly report reveals.

This brings the amount of bitcoin the company has purchased over the past 12 months to almost $29.7m.

The report also shows DigitalBTC – the first crypto firm to list on Australian Securities Exchange (ASX), under Digital CC Limited – closed the quarter with an inventory of $1m in bitcoin.

Nevertheless, the company reported a negative operating cashflow of $1.2m in Q2 of 2015 having received around $10.8m for operating activities, but spending close to $12m.___

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2015-07-27 01:10:46 (0 comments, 2 reshares, 9 +1s)Open 

Use bitcoin to pay at any credit card accepting merchant via NFC

Let's face it. Today, it is still ridiculously difficult to spend Bitcoin in the real world.

ONEBIT is a bitcoin wallet app that lets you pay at any store with contactless mobile payment by giving you access to the creditcard payment network. We securely convert your Bitcoin on the fly into any major local currency and pay the merchant via their NFC payment terminals.

Using OneBit you can pay using bitcoin at any place that accepts traditional CC payments via NFC. To top it off they do conversions in real time and without any fees. You can sign up to be a tester at the link below.

http://www.getonebit.com/

Use bitcoin to pay at any credit card accepting merchant via NFC

Let's face it. Today, it is still ridiculously difficult to spend Bitcoin in the real world.

ONEBIT is a bitcoin wallet app that lets you pay at any store with contactless mobile payment by giving you access to the creditcard payment network. We securely convert your Bitcoin on the fly into any major local currency and pay the merchant via their NFC payment terminals.

Using OneBit you can pay using bitcoin at any place that accepts traditional CC payments via NFC. To top it off they do conversions in real time and without any fees. You can sign up to be a tester at the link below.

http://www.getonebit.com/___

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2015-07-25 13:54:08 (0 comments, 1 reshares, 9 +1s)Open 

Winklevoss twins file paperwork to operate Gemini bitcoin exchange

Investors Tyler and Cameron Winklevoss earlier this week filed paperwork to operate a bitcoin exchange called Gemini for both individual and institutional investors in New York state, a spokeswoman said on Friday.

The twins, best known for accusing Facebook Inc founder Mark Zuckerberg of stealing their idea, want to make the digital currency mainstream in the United States.

The Winklevoss brothers filed an application on July 21 with the New York State Department of Financial Services to operate as a trust company.

It looks like Gemini may be close to fruition. Its amazing to see all of the infrastructure being laid in comparison to just a few short years ago. 

Winklevoss twins file paperwork to operate Gemini bitcoin exchange

Investors Tyler and Cameron Winklevoss earlier this week filed paperwork to operate a bitcoin exchange called Gemini for both individual and institutional investors in New York state, a spokeswoman said on Friday.

The twins, best known for accusing Facebook Inc founder Mark Zuckerberg of stealing their idea, want to make the digital currency mainstream in the United States.

The Winklevoss brothers filed an application on July 21 with the New York State Department of Financial Services to operate as a trust company.

It looks like Gemini may be close to fruition. Its amazing to see all of the infrastructure being laid in comparison to just a few short years ago. ___

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2015-07-23 00:55:02 (0 comments, 1 reshares, 5 +1s)Open 

Blockchain Project Factom Raises $1.1 Million in Crowdsale

Factom has received $1.1m in new funding as part of an equity crowdsale hosted by UK-based crowdfunding service BankToTheFuture.

Billed as a data and record keeping layer for bitcoin, Factom had offered 7.8% equity toward a $700,000 minimum investment goal to be reached by 9:39am GMT today.

The project ultimately exceeded this goal, drawing 323 investors; each providing an average contribution of roughly $3,400.

Blockchain Project Factom Raises $1.1 Million in Crowdsale

Factom has received $1.1m in new funding as part of an equity crowdsale hosted by UK-based crowdfunding service BankToTheFuture.

Billed as a data and record keeping layer for bitcoin, Factom had offered 7.8% equity toward a $700,000 minimum investment goal to be reached by 9:39am GMT today.

The project ultimately exceeded this goal, drawing 323 investors; each providing an average contribution of roughly $3,400.___

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2015-07-22 15:42:29 (0 comments, 5 reshares, 11 +1s)Open 

10 Bitcoin Industry Sectors Providing Killer Apps

The Bitcoin faithful have long been in search of Bitcoin's “killer app," which can be defined as a use for bitcoin that cannot fail to drive adoption of the digital currency. With so many interesting and disruptive projects in the Bitcoin industry this list is restricted to applications that make use of bitcoin as a currency. Applications such as security exchanges, timestamping, Digital Rights Management, provably fair voting and asset tracking have been intentionally left out.

If the public can earn their first bitcoin from a service, it has the potential to drive mainstream adoption. Applications such as gray markets, paywall expediters and prediction markets have also been excluded, as they require the public to obtain bitcoins before they can use these application.

In much the same way the web browserc... more »

10 Bitcoin Industry Sectors Providing Killer Apps

The Bitcoin faithful have long been in search of Bitcoin's “killer app," which can be defined as a use for bitcoin that cannot fail to drive adoption of the digital currency. With so many interesting and disruptive projects in the Bitcoin industry this list is restricted to applications that make use of bitcoin as a currency. Applications such as security exchanges, timestamping, Digital Rights Management, provably fair voting and asset tracking have been intentionally left out.

If the public can earn their first bitcoin from a service, it has the potential to drive mainstream adoption. Applications such as gray markets, paywall expediters and prediction markets have also been excluded, as they require the public to obtain bitcoins before they can use these application.

In much the same way the web browser could be considered the killer app of the internet, enabling large parts of the world to get online for the first time 20 years ago, most bitcoiners believe that use cases like those ones on the list below could do the same for bitcoin, allowing it to spread as fast and as far as the internet has.

Here are some of the coolest projects and services that will bring bitcoin to the masses. My personal feeling is that video game markets and video streaming will be two of the strongest sectors to make that push. ___

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2015-07-22 03:13:09 (0 comments, 5 reshares, 7 +1s)Open 

Coinffeine Launches P2P Bitcoin Exchange in Over 70 Countries

Coinffeine has launched its decentralised open-sourced P2P bitcoin exchange in over 70 countries.

By integrating with Russia-based payment processor OKPay, the Spanish company has enabled bitcoin enthusiasts to purchase and sell the digital currency in countries including Russia, China, Indonesia, Brazil and the Eurozone.

Speaking about the launch, Alberto Gomez Toribio, the company's CEO, said:

"We want our customers to be those who simply have a PayPal-like account and want to buy or sell bitcoins in a simple and effective way."

Buying bitcoin will become much easier to obtain, for a good portion of the globe, as services like Coinffeine come online. It will also help cement bitcoin's presence and ensure that it is here to stay as more and more people begin using... more »

Coinffeine Launches P2P Bitcoin Exchange in Over 70 Countries

Coinffeine has launched its decentralised open-sourced P2P bitcoin exchange in over 70 countries.

By integrating with Russia-based payment processor OKPay, the Spanish company has enabled bitcoin enthusiasts to purchase and sell the digital currency in countries including Russia, China, Indonesia, Brazil and the Eurozone.

Speaking about the launch, Alberto Gomez Toribio, the company's CEO, said:

"We want our customers to be those who simply have a PayPal-like account and want to buy or sell bitcoins in a simple and effective way."

Buying bitcoin will become much easier to obtain, for a good portion of the globe, as services like Coinffeine come online. It will also help cement bitcoin's presence and ensure that it is here to stay as more and more people begin using the digital currency. ___

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2015-07-22 02:52:29 (0 comments, 2 reshares, 6 +1s)Open 

itBit Announces Launch of Global OTC Agency Trading Desk

Today, New York-based bitcoin exchange itBit announced that it had launched its Global OTC Agency Trading Desk. This agency offers over-the-counter trades between large investors and is targeted toward clients who are interested in transactions over 100 bitcoin. This service is similar to brokerage services offered by Binary Financial or Barry Silbert’s Genesis Trading.

By using an OTC trading desk like the one introduced by itBit, large investors can make trades directly with other traders, without using an exchange. Many institutional investors prefer this because it allows them to execute trades without affecting the exchange order books or market prices.

Due to the low volume, high volatility nature of bitcoin, traders who had to trade on the exchange would see the price rapidly change between when theys... more »

itBit Announces Launch of Global OTC Agency Trading Desk

Today, New York-based bitcoin exchange itBit announced that it had launched its Global OTC Agency Trading Desk. This agency offers over-the-counter trades between large investors and is targeted toward clients who are interested in transactions over 100 bitcoin. This service is similar to brokerage services offered by Binary Financial or Barry Silbert’s Genesis Trading.

By using an OTC trading desk like the one introduced by itBit, large investors can make trades directly with other traders, without using an exchange. Many institutional investors prefer this because it allows them to execute trades without affecting the exchange order books or market prices.

Due to the low volume, high volatility nature of bitcoin, traders who had to trade on the exchange would see the price rapidly change between when they started purchasing bitcoin to when they finalized their large purchase. According to itBit, benefits of the company’s new OTC trading desk include significant liquidity, same-day settlement, and no broker/trading fees.

This is another strong step towards ensuring that bitcoin isn't as volatile as it has been in the past and will help lead to becoming a strong, stable currency. It obviously isn't going to happen overnight but at least we are seeing the steps to the future start now. ___

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2015-07-20 21:08:03 (0 comments, 4 reshares, 5 +1s)Open 

Shop on Amazon? Save with bitcoin!

If you are like me and use Amazon for a lot of your purchases you could save up to 50% by using bitcoin through Purse.io on your next purchase.

What Purse.io does is match people looking to buy bitcoin with people who are looking to buy stuff from Amazon with bitcoin. If you only need a 5% discount they will immediately order it for you but if you want a higher discount then Purse will place it on the order book and wait for someone willing to make the order for you.

I've personally been using Purse now for a few months and have had nothing but good things to say about it. I usually mark my orders for a 35% discount and receive the order in about a week after placing it. Not bad for saving roughly a third of the price of what I ordered!

Shop on Amazon? Save with bitcoin!

If you are like me and use Amazon for a lot of your purchases you could save up to 50% by using bitcoin through Purse.io on your next purchase.

What Purse.io does is match people looking to buy bitcoin with people who are looking to buy stuff from Amazon with bitcoin. If you only need a 5% discount they will immediately order it for you but if you want a higher discount then Purse will place it on the order book and wait for someone willing to make the order for you.

I've personally been using Purse now for a few months and have had nothing but good things to say about it. I usually mark my orders for a 35% discount and receive the order in about a week after placing it. Not bad for saving roughly a third of the price of what I ordered!___

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2015-07-20 18:19:09 (0 comments, 2 reshares, 7 +1s)Open 

How to get paid for spreading Bitcoin

With the economy doing poorly,  here is a great way for anyone to easily earn some extra cash while spreading Bitcoin awareness at the same time.   With a little effort, anyone should be able to make $10 to $20 per hour in cash.

If you're looking to earn some bitcoin on the side then here's an excellent suggestion for how to go about it. Follow the link for their steps!

How to get paid for spreading Bitcoin

With the economy doing poorly,  here is a great way for anyone to easily earn some extra cash while spreading Bitcoin awareness at the same time.   With a little effort, anyone should be able to make $10 to $20 per hour in cash.

If you're looking to earn some bitcoin on the side then here's an excellent suggestion for how to go about it. Follow the link for their steps!___

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2015-07-20 13:59:29 (0 comments, 0 reshares, 5 +1s)Open 

I'd love the chance to take my two dogs, Jazzy and Pepper, to see one of these games.

We have just two Bark In The Park nights remaining - August 26 and September 24. Bring your four-legged friend to one or both! Ticket package: http://atmlb.com/1Kg4QTd___I'd love the chance to take my two dogs, Jazzy and Pepper, to see one of these games.

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2015-07-20 13:53:59 (1 comments, 1 reshares, 1 +1s)Open 

Bitcoin Industry Investments Already Surpassing 2014 Total

Investments into blockchain tech companies have already exceeded the 2014 total. Venture Capital investments into the Bitcoin industry last year was approximately $350 Million US. According to Pantera VC investment group it was their latest $20 Million fundraising round, for Mining hardware producer BitFury, that pushed Bitcoin business investment above the 2014 high water mark.

This amount doesn't include private investments nor grants, such as the $100,000 grant from the Gates foundation recently. Looking at the year on year statistics, the speed at which Bitcoin investments are growing is nothing short of top-notch, more than tripling each year so far.

And the growth continues...

Bitcoin Industry Investments Already Surpassing 2014 Total

Investments into blockchain tech companies have already exceeded the 2014 total. Venture Capital investments into the Bitcoin industry last year was approximately $350 Million US. According to Pantera VC investment group it was their latest $20 Million fundraising round, for Mining hardware producer BitFury, that pushed Bitcoin business investment above the 2014 high water mark.

This amount doesn't include private investments nor grants, such as the $100,000 grant from the Gates foundation recently. Looking at the year on year statistics, the speed at which Bitcoin investments are growing is nothing short of top-notch, more than tripling each year so far.

And the growth continues...___

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2015-07-20 13:40:16 (1 comments, 2 reshares, 5 +1s)Open 

BitFury Investor: Leave Blockchain Opportunities to Me

Gleb Davidyuk has one simple piece of advice for fellow investors who are looking to back blockchain projects: don't.

In an interview with CoinDesk, the founder of iTech Capital – one of three firms behind BitFury's latest $20m round – revealed his company is eager to get in early with the fast-moving technology, even if it means spreading a little mischief.

"There are not that many things left in the Internet environment which you can call truly disruptive," he said, adding with a grin: "Please don't invest in the blockchain, because if you don't I will have more opportunities to do so."

There is someone who gets it. 

BitFury Investor: Leave Blockchain Opportunities to Me

Gleb Davidyuk has one simple piece of advice for fellow investors who are looking to back blockchain projects: don't.

In an interview with CoinDesk, the founder of iTech Capital – one of three firms behind BitFury's latest $20m round – revealed his company is eager to get in early with the fast-moving technology, even if it means spreading a little mischief.

"There are not that many things left in the Internet environment which you can call truly disruptive," he said, adding with a grin: "Please don't invest in the blockchain, because if you don't I will have more opportunities to do so."

There is someone who gets it. ___

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2015-07-20 13:17:09 (0 comments, 0 reshares, 3 +1s)Open 

This is an awesome example of what's coming with 360° video!

Music video shot with 360* VR support. Pretty cool stuff.___This is an awesome example of what's coming with 360° video!

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2015-07-20 00:19:58 (0 comments, 0 reshares, 10 +1s)Open 

Bitcoin Firm Xapo Cuts North Carolina Access

Bitcoin services provider Xapo has confirmed that it will no longer operate in the state of North Carolina.

The company, which recently moved its headquarters to Switzerland, cited state-level regulation as the decisive factor behind its decision. Earlier today, one North Carolina customer posted a message on Reddit stating that they had received a 30-day closure notice.

Speaking to CoinDesk, Wences Casares, founder of Xapo, said:

"It is correct that we are not operating in North Carolina. We do not have a money transmitter license in that state and we think the effort to comply with their upcoming bitcoin bills is not justified by the number of customers we have there."

Another example where residents of the state suffer when their officials try to overregulate business. Hopefully thismadne... more »

Bitcoin Firm Xapo Cuts North Carolina Access

Bitcoin services provider Xapo has confirmed that it will no longer operate in the state of North Carolina.

The company, which recently moved its headquarters to Switzerland, cited state-level regulation as the decisive factor behind its decision. Earlier today, one North Carolina customer posted a message on Reddit stating that they had received a 30-day closure notice.

Speaking to CoinDesk, Wences Casares, founder of Xapo, said:

"It is correct that we are not operating in North Carolina. We do not have a money transmitter license in that state and we think the effort to comply with their upcoming bitcoin bills is not justified by the number of customers we have there."

Another example where residents of the state suffer when their officials try to overregulate business. Hopefully this madness stops soon and states begin to encourage innovation. ___

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2015-07-20 00:08:42 (1 comments, 1 reshares, 10 +1s)Open 

North Carolina Senate Committee Advances Bitcoin Bill

A legislative bill that would cover bitcoin and digital currency related business activities has advanced in the North Carolina Senate.

According to the The Associated Press, the Senate Commerce Committee gave its stamp of approval to SB 680, which was originally filed in March. The bill passed in the North Carolina House of Representatives by a wide majority of 117-1 in May.

As noted by a spokesperson for the North Carolina's Commissioner of Banks at the time, the bill – which amends the state's Money Transmitters Act – covers any activity "involving a personal, family or household purpose".

The bill was framed as an effort to make the agency's oversight of the digital currency sector more robust, as it believed existing statutes already outlined how it would go aboutsupervising... more »

North Carolina Senate Committee Advances Bitcoin Bill

A legislative bill that would cover bitcoin and digital currency related business activities has advanced in the North Carolina Senate.

According to the The Associated Press, the Senate Commerce Committee gave its stamp of approval to SB 680, which was originally filed in March. The bill passed in the North Carolina House of Representatives by a wide majority of 117-1 in May.

As noted by a spokesperson for the North Carolina's Commissioner of Banks at the time, the bill – which amends the state's Money Transmitters Act – covers any activity "involving a personal, family or household purpose".

The bill was framed as an effort to make the agency's oversight of the digital currency sector more robust, as it believed existing statutes already outlined how it would go about supervising such activities.

If passed and signed by North Carolina Governor Pat McRory, the bill would mandate minimum net worth requirement of $250,000 for applicants. Businesses would also be required to post a surety bond of $150,000, an amount subject to change based on future transaction volume.

Looks like North Carolina has a few representatives who don't seem to fully understand bitcoin either.___

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2015-07-19 15:38:07 (0 comments, 2 reshares, 6 +1s)Open 

European Court of Justice Official Proposes Bitcoin VAT Exemption

Bitcoin operations should be exempt from Value Added Tax (VAT), the Advocate General of the European Court of Justice said in an opinion document published today.

Citing existing exemptions for currency and money transactions in Europe’s VAT Directive, Advocate General Juliane Kokott urged the court to opt against applying a tax to bitcoin purchases and sales. She further argued that bitcoin, while not legal tender, is still a form of money.

European Court of Justice Official Proposes Bitcoin VAT Exemption

Bitcoin operations should be exempt from Value Added Tax (VAT), the Advocate General of the European Court of Justice said in an opinion document published today.

Citing existing exemptions for currency and money transactions in Europe’s VAT Directive, Advocate General Juliane Kokott urged the court to opt against applying a tax to bitcoin purchases and sales. She further argued that bitcoin, while not legal tender, is still a form of money.___

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2015-07-19 15:30:11 (0 comments, 2 reshares, 6 +1s)Open 

Jeff Garzik Submits Proposal to Double Bitcoin Block Size Limit

Bitcoin core developer Jeff Garzik has proposed increasing bitcoin's block size limit to 2MB.

Blocks – which are created every 10 minutes – currently hold only 1MB of transactions each. However, if the bitcoin network is to scale competitively it will need to exceed the three to seven transactions per second it currently supports.

With the 1MB limit looking to be reached within the next few months, Garzik says his proposal, BIP 102, is an emergency 'fallback' if consensus among bitcoin's stakeholders is not reached.

Jeff Garzik Submits Proposal to Double Bitcoin Block Size Limit

Bitcoin core developer Jeff Garzik has proposed increasing bitcoin's block size limit to 2MB.

Blocks – which are created every 10 minutes – currently hold only 1MB of transactions each. However, if the bitcoin network is to scale competitively it will need to exceed the three to seven transactions per second it currently supports.

With the 1MB limit looking to be reached within the next few months, Garzik says his proposal, BIP 102, is an emergency 'fallback' if consensus among bitcoin's stakeholders is not reached.___

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2015-07-19 14:48:21 (0 comments, 3 reshares, 4 +1s)Open 

Blockchain Identity Startup ShoCard Raises $1.5 Million

ShoCard has raised $1.5m in funding from AME Cloud Ventures, Digital Currency Group, Enspire Capital and Morado Venture Partners.

The startup, which seeks to use the bitcoin blockchain as a way to authenticate identification, debuted in May at TechCrunch Disrupt NY. Its launch came amid a broader shift in focus among investors, who appear increasingly interested in harnessing the power of bitcoin's underlying distributed ledger for use cases beyond payments.

ShoCard views its solution as one that could disrupt the digital identity business, providing consumers with the means to hold a secure version of their personal information for use in e-commerce purchases, online banking logins and more.

If ShoCard has its way you may not need to carry a physical wallet much longer. 

Blockchain Identity Startup ShoCard Raises $1.5 Million

ShoCard has raised $1.5m in funding from AME Cloud Ventures, Digital Currency Group, Enspire Capital and Morado Venture Partners.

The startup, which seeks to use the bitcoin blockchain as a way to authenticate identification, debuted in May at TechCrunch Disrupt NY. Its launch came amid a broader shift in focus among investors, who appear increasingly interested in harnessing the power of bitcoin's underlying distributed ledger for use cases beyond payments.

ShoCard views its solution as one that could disrupt the digital identity business, providing consumers with the means to hold a secure version of their personal information for use in e-commerce purchases, online banking logins and more.

If ShoCard has its way you may not need to carry a physical wallet much longer. ___

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2015-07-19 14:43:06 (0 comments, 2 reshares, 6 +1s)Open 

10 VC Firms Betting Big on Bitcoin and the Blockchain

With more than $800m so far invested in bitcoin and blockchain technology startups since 2012, it's safe to say that venture capitalists are certain captivated.

Investments in the industry have already exceeded the cumulative total for 2014, with more than $380m pledged to startups in publicly announced funding rounds this year.

While an impressive figure on its own, what that number doesn't successfully convey is how many seed to late-stage firms are making bets on the new wave of innovators aiming to take bitcoin and blockchain technology forward.

Want to learn more about some of the biggest firms investing in bitcoin?

10 VC Firms Betting Big on Bitcoin and the Blockchain

With more than $800m so far invested in bitcoin and blockchain technology startups since 2012, it's safe to say that venture capitalists are certain captivated.

Investments in the industry have already exceeded the cumulative total for 2014, with more than $380m pledged to startups in publicly announced funding rounds this year.

While an impressive figure on its own, what that number doesn't successfully convey is how many seed to late-stage firms are making bets on the new wave of innovators aiming to take bitcoin and blockchain technology forward.

Want to learn more about some of the biggest firms investing in bitcoin?___

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2015-07-19 05:12:42 (0 comments, 2 reshares, 23 +1s)Open 

Bitcoin and space travel are two of the fastest-growing areas of venture-capital funding

Two of the industries most historically owned by the government are now venture capital targets—money and spaceships. According to Mattermark data analyzed by Tomasz Tunguz of the venture capital firm Redpoint, bitcoin and space travel were two of the four fastest-growing areas for startup investment in the past three years.

Bitcoin FTW!

Bitcoin and space travel are two of the fastest-growing areas of venture-capital funding

Two of the industries most historically owned by the government are now venture capital targets—money and spaceships. According to Mattermark data analyzed by Tomasz Tunguz of the venture capital firm Redpoint, bitcoin and space travel were two of the four fastest-growing areas for startup investment in the past three years.

Bitcoin FTW!___

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2015-07-16 04:43:34 (2 comments, 4 reshares, 4 +1s)Open 

Russian President Vladimir Putin Addresses Digital Currency

Russian President Vladimir Putin has issued his first remarks on bitcoin and digital currencies in an educational forum broadcast on domestic TV network Russia 24.

Local news sources including Gazeta, state-operated news agency RIA and TASS are reporting Putin indicated his belief that the Bank of Russia, the country's central bank, has so far taken a reasonable stance on the technology by exploring, not rejecting, its applications.

Further, he suggested that while he considered the use of digital currency as money to be perhaps problematic, the technology could be best considered as a novel way to manage or calculate transactions.

"[Bitcoins] are backed by nothing. This money [is backed by nothing], that's the point, this is the major problem. They are not really linked toanythi... more »

Russian President Vladimir Putin Addresses Digital Currency

Russian President Vladimir Putin has issued his first remarks on bitcoin and digital currencies in an educational forum broadcast on domestic TV network Russia 24.

Local news sources including Gazeta, state-operated news agency RIA and TASS are reporting Putin indicated his belief that the Bank of Russia, the country's central bank, has so far taken a reasonable stance on the technology by exploring, not rejecting, its applications.

Further, he suggested that while he considered the use of digital currency as money to be perhaps problematic, the technology could be best considered as a novel way to manage or calculate transactions.

"[Bitcoins] are backed by nothing. This money [is backed by nothing], that's the point, this is the major problem. They are not really linked to anything and backed by nothing," Putin said. "However as an accounting unit, these 'coins' or whatever are they called, they can be used, and their adoption becomes wider and wider. As some kind of unit in some account, probably, it's possible."

Well maybe Russia's leader actually understands bitcoin...___

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2015-07-16 04:27:56 (0 comments, 1 reshares, 2 +1s)Open 

Popular Japanese Q&A Site OKWave to Integrate Bitcoin Tipping Across Platform

OKWave, the largest Q&A site in Japan with more than 40 million monthly visitors, has announced that the company will integrate bitcoin to allow its users to either tip each other or incentivize its users using bitcoin.

OKWave’s blogpost read, “Until now, you could only leave thanks in the comments under your favourite answers, now you can send your gratitude with bitcoin.”

The company uploaded a screenshot of the tipping program that has implemented a voting system like Reddit, in which users can up-vote and down-vote content and get paid in bitcoin for highly rated content.

Bitcoin's easy use for micro transactions will enable a great new version of social networking where good content providers are rewarded for their reputation. Another great example ofthese typ... more »

Popular Japanese Q&A Site OKWave to Integrate Bitcoin Tipping Across Platform

OKWave, the largest Q&A site in Japan with more than 40 million monthly visitors, has announced that the company will integrate bitcoin to allow its users to either tip each other or incentivize its users using bitcoin.

OKWave’s blogpost read, “Until now, you could only leave thanks in the comments under your favourite answers, now you can send your gratitude with bitcoin.”

The company uploaded a screenshot of the tipping program that has implemented a voting system like Reddit, in which users can up-vote and down-vote content and get paid in bitcoin for highly rated content.

Bitcoin's easy use for micro transactions will enable a great new version of social networking where good content providers are rewarded for their reputation. Another great example of these types of networks is www.ZapChain.com. It is a great place to learn more about bitcoin!___

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2015-07-16 04:19:14 (0 comments, 2 reshares, 3 +1s)Open 

HotelGo24.com Offers Users Cashback with Bitcoin

HotelGo24.com, a newly launched online hotel booking platform, is beginning to offer a 5 percent bitcoin cashback service starting this summer.

On the hotel booking portal, users can book hotel rooms with credit cards including Visa and Mastercard at more than 130,000 hotels across 198 countries. The twist however, is that the company has decided to match the needs of cryptocurrency and bitcoin enthusiasts by offering 5 percent cashback per booking using bitcoin.

It's good to see companies passing some of bitcoin's savings back to customers. If you're in need of a hotel room then you should check them out. 

HotelGo24.com Offers Users Cashback with Bitcoin

HotelGo24.com, a newly launched online hotel booking platform, is beginning to offer a 5 percent bitcoin cashback service starting this summer.

On the hotel booking portal, users can book hotel rooms with credit cards including Visa and Mastercard at more than 130,000 hotels across 198 countries. The twist however, is that the company has decided to match the needs of cryptocurrency and bitcoin enthusiasts by offering 5 percent cashback per booking using bitcoin.

It's good to see companies passing some of bitcoin's savings back to customers. If you're in need of a hotel room then you should check them out. ___

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2015-07-16 04:07:54 (0 comments, 1 reshares, 10 +1s)Open 

California Bill Update Eases Burden for Bitcoin Startups

A proposed digital currency bill has been amended in the California Senate to include a provisional application process for early-stage industry services.

AB-1326, if passed, would require individuals and companies offering services that involve bitcoin or other digital currencies to first obtain a license. A new draft version of the bill, was amended and re-referred to the California Senate Committee on Banking and Finance on 6th July after it passed with a 55-22 vote in the State Assembly last month.

Notably, a new change to the draft text enables small-scale business concepts to receive conditional approval from the state’s Commission of Business Oversight under the state’s Money Transmission Act.

While I've not fully reviewed the regulations proposed in California I can say that what Iunderst... more »

California Bill Update Eases Burden for Bitcoin Startups

A proposed digital currency bill has been amended in the California Senate to include a provisional application process for early-stage industry services.

AB-1326, if passed, would require individuals and companies offering services that involve bitcoin or other digital currencies to first obtain a license. A new draft version of the bill, was amended and re-referred to the California Senate Committee on Banking and Finance on 6th July after it passed with a 55-22 vote in the State Assembly last month.

Notably, a new change to the draft text enables small-scale business concepts to receive conditional approval from the state’s Commission of Business Oversight under the state’s Money Transmission Act.

While I've not fully reviewed the regulations proposed in California I can say that what I understand of the licensure process is much better than New York's BitLicense.___

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2015-07-16 03:59:49 (0 comments, 0 reshares, 3 +1s)Open 

Blockchain Offers Alpha Users First Look at New Bitcoin Wallet

Blockchain has officially opened a closed alpha for its new bitcoin wallet.

The launch precedes a formal debut that is likely to be the bitcoin wallet and block explorer provider's biggest announcement since it raised a then-record $30.5m Series A in October 2014.Blockchain's wallet has been downloaded nearly3.8 million times since launch in 2011, according to its own statistics.

You can register their private Alpha at http://blockchain.com/invite/

Blockchain Offers Alpha Users First Look at New Bitcoin Wallet

Blockchain has officially opened a closed alpha for its new bitcoin wallet.

The launch precedes a formal debut that is likely to be the bitcoin wallet and block explorer provider's biggest announcement since it raised a then-record $30.5m Series A in October 2014.Blockchain's wallet has been downloaded nearly3.8 million times since launch in 2011, according to its own statistics.

You can register their private Alpha at http://blockchain.com/invite/___

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2015-07-13 13:49:32 (0 comments, 1 reshares, 4 +1s)Open 

Bitcoin Price Surpasses $300, Drops After Greek Bailout

The bitcoin price surpassed the $300 mark over the weekend reaching its highest level since 10th March at 15:00 (UTC), according to the CoinDesk Bitcoin Price Index.

Bitcoin's value reached $300.32 at 09:15 on 12th July, spiking to $313.77 at 14:45 on 12th July.

Despite hovering over $300 throughout the whole of Sunday, the price dropped by 4.8% from $304.22 this morning (07:00) to $289.48.

Bitcoin Price Surpasses $300, Drops After Greek Bailout

The bitcoin price surpassed the $300 mark over the weekend reaching its highest level since 10th March at 15:00 (UTC), according to the CoinDesk Bitcoin Price Index.

Bitcoin's value reached $300.32 at 09:15 on 12th July, spiking to $313.77 at 14:45 on 12th July.

Despite hovering over $300 throughout the whole of Sunday, the price dropped by 4.8% from $304.22 this morning (07:00) to $289.48.___

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2015-07-13 13:44:54 (1 comments, 1 reshares, 10 +1s)Open 

Bitcoin's Best Funded Miner BitFury Raises Another $20 Million

BitFury, the best capitalised mining firm in bitcoin, today announced it has raised an additional $20m in funding.

The raise, its third in two years, brings the company's total to $60m, double that of rivalKnCMiner ($29m) and over half of the total investment in mining infrastructure to date ($116.5m).

Might want to think again if you thought this whole bitcoin thing is going away anytime soon. 

Bitcoin's Best Funded Miner BitFury Raises Another $20 Million

BitFury, the best capitalised mining firm in bitcoin, today announced it has raised an additional $20m in funding.

The raise, its third in two years, brings the company's total to $60m, double that of rivalKnCMiner ($29m) and over half of the total investment in mining infrastructure to date ($116.5m).

Might want to think again if you thought this whole bitcoin thing is going away anytime soon. ___

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2015-07-13 10:45:00 (1 comments, 0 reshares, 6 +1s)Open 

Bitcoin Businesses Push for Relaxed Startup Rules in California

A group of bitcoin businesses have drafted a letter to members of California's Senate Banking and Financial Institutions Committee following the state's most recent update of its proposed regulation for bitcoin and digital currencies.

Signed by BitGo, Bitnet, Blockstream, Chain, Gem, Mirror and Xapo, the letter praises the Senate for its most recent changes to AB 1326, particularly its elimination of certain redundant licensing and modification of its definition of "virtual currency business".

Perhaps most notably, however, the startups called on California to go a step further before the regulation is ultimately passed by updating certain language and removing additional burdens from early-stage industry startups.

Bitcoin Businesses Push for Relaxed Startup Rules in California

A group of bitcoin businesses have drafted a letter to members of California's Senate Banking and Financial Institutions Committee following the state's most recent update of its proposed regulation for bitcoin and digital currencies.

Signed by BitGo, Bitnet, Blockstream, Chain, Gem, Mirror and Xapo, the letter praises the Senate for its most recent changes to AB 1326, particularly its elimination of certain redundant licensing and modification of its definition of "virtual currency business".

Perhaps most notably, however, the startups called on California to go a step further before the regulation is ultimately passed by updating certain language and removing additional burdens from early-stage industry startups.___

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2015-07-12 03:17:52 (0 comments, 0 reshares, 2 +1s)Open 

Whenever I have a kid they will wear this...

Whenever I have a kid they will wear this...___

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2015-07-11 19:52:51 (0 comments, 0 reshares, 5 +1s)Open 

VC Firm Block26 Makes First Bitcoin Bet on Airbitz Wallet

Los Angeles-based venture capital firm Block26 has completed its first investment, contributing $450,000 to the ongoing seed round for bitcoin wallet provider Airbitz.

Launched in June, Block26 has indicated it plans to focus specifically on blockchain and digital currency ventures, contributing to seed to later-stage rounds.

Calling the funding the company's "first big announcement", Block26 principal Ni'coel Stark indicated that Airbitz is representative of the kind of companies in which her new venture firm is looking to invest.

Airbitz is currently my wallet of choice for storing bitcoin. Their simplistic approach to account security is amazing yet secure. 

VC Firm Block26 Makes First Bitcoin Bet on Airbitz Wallet

Los Angeles-based venture capital firm Block26 has completed its first investment, contributing $450,000 to the ongoing seed round for bitcoin wallet provider Airbitz.

Launched in June, Block26 has indicated it plans to focus specifically on blockchain and digital currency ventures, contributing to seed to later-stage rounds.

Calling the funding the company's "first big announcement", Block26 principal Ni'coel Stark indicated that Airbitz is representative of the kind of companies in which her new venture firm is looking to invest.

Airbitz is currently my wallet of choice for storing bitcoin. Their simplistic approach to account security is amazing yet secure. ___

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2015-07-06 23:56:53 (0 comments, 0 reshares, 5 +1s)Open 

Why it makes sense for Reddit to decentralize, a la bitcoin

Imagine a version of Reddit that's fully peer-to-peer like BitTorrent, and which relies on small bitcoin transactions to function. That's something the company was actually considering last year, according to Ryan Charles, Reddit's former cryptocurrency engineer. He was hired by former Reddit CEO Yishan Wong to lead the decentralization project -- a dream that didn't last for long. After Reddit nabbed a huge $50 million funding round, Charles shifted over to a project focused on returning Reddit shares to its users via bitcoin (which was also killed off). He eventually left the company after just four months. Today, the idea of a fully P2P Reddit remains an intriguing one, especially since it would have helped the company avoid much of the turmoil it's currently seeing.

Once someone builds out the... more »

Why it makes sense for Reddit to decentralize, a la bitcoin

Imagine a version of Reddit that's fully peer-to-peer like BitTorrent, and which relies on small bitcoin transactions to function. That's something the company was actually considering last year, according to Ryan Charles, Reddit's former cryptocurrency engineer. He was hired by former Reddit CEO Yishan Wong to lead the decentralization project -- a dream that didn't last for long. After Reddit nabbed a huge $50 million funding round, Charles shifted over to a project focused on returning Reddit shares to its users via bitcoin (which was also killed off). He eventually left the company after just four months. Today, the idea of a fully P2P Reddit remains an intriguing one, especially since it would have helped the company avoid much of the turmoil it's currently seeing.

Once someone builds out the original version of Ryan Charles' dream Reddit, please let me know. I will be joining in a heartbeat. ___

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2015-07-06 17:12:44 (0 comments, 1 reshares, 1 +1s)Open 

The Walter Reed National Military Medical Center campus near Bethesda, Maryland, placed a shelter in place order this morning following reports of a suspected active shooter.

The Walter Reed National Military Medical Center campus near Bethesda, Maryland, placed a shelter in place order this morning following reports of a suspected active shooter.___

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2015-07-06 17:12:00 (1 comments, 0 reshares, 1 +1s)Open 

EKU reinstates two football players involved in bar brawl - Eastern Kentucky University has reinstated two football players suspended for their roles in a bar fight earlier this year with University of Kentucky football players. http://ow.ly/310Zwo

EKU reinstates two football players involved in bar brawl - Eastern Kentucky University has reinstated two football players suspended for their roles in a bar fight earlier this year with University of Kentucky football players. http://ow.ly/310Zwo___

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2015-07-06 17:00:39 (0 comments, 1 reshares, 3 +1s)Open 

Spartan Route Offers Invoicing and Bitcoin Payment Service to Greek Businesses

On Monday, Greece closed its banks and imposed capital controls to prevent financial chaos after the breakdown of bailout talks. Banks and ATMs are still working on a very limited basis, which makes things difficult for families and pensioners. For businesses and entrepreneurs who depend on cross-border sales and imported goods or services, the situation couldn’t be worse: They are unable to pay their suppliers abroad because cross-border bank wires are suspended, and the have only limited access to their sales income. Even the best-performing Greek businesses that are still making sales abroad can’t use their hard-earned cash.

With the banking system locked down, capital controls prevent Greek citizens from accessing cash and this disrupts the economy. The Irish company Spartan Route has cometo the... more »

Spartan Route Offers Invoicing and Bitcoin Payment Service to Greek Businesses

On Monday, Greece closed its banks and imposed capital controls to prevent financial chaos after the breakdown of bailout talks. Banks and ATMs are still working on a very limited basis, which makes things difficult for families and pensioners. For businesses and entrepreneurs who depend on cross-border sales and imported goods or services, the situation couldn’t be worse: They are unable to pay their suppliers abroad because cross-border bank wires are suspended, and the have only limited access to their sales income. Even the best-performing Greek businesses that are still making sales abroad can’t use their hard-earned cash.

With the banking system locked down, capital controls prevent Greek citizens from accessing cash and this disrupts the economy. The Irish company Spartan Route has come to the rescue of Greek businesses with an innovative service proposal: They will invoice their Greek clients’ foreign customers in euro, collect the payment, and send bitcoin back to Greece.

This simple move will allow Greek businesses to continue operating during the current crisis as well as becoming a great way to introduce bitcoin to their market. Great job Spartan Route!___

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2015-07-06 09:42:00 (0 comments, 0 reshares, 1 +1s)Open 

Greece's finance minister, Yanis Varoufakis, resigned this morning. http://nyti.ms/1M69QH5 

#Greece   #Varoufakis   #euro  

Greece's finance minister, Yanis Varoufakis, resigned this morning. http://nyti.ms/1M69QH5 

#Greece   #Varoufakis   #euro  ___

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2015-07-06 09:31:44 (3 comments, 1 reshares, 3 +1s)Open 

The Risks of Starting a Bitcoin-Based Business

Bitcoin entrepreneurs are predictably quick to puff up the virtual currency’s benefits – zero-to-low transaction costs, no chargebacks and the freedom to send and receive money anywhere in the world without a third party, to name a few. They typically aren’t as eager, however, to draw attention to the risks of doing business in Bitcoin, and, just like starting up around any other embryonic technology, there are many.

While the article is pretty weak on describing actual bitcoin business issues, I can personally speak to the issues with starting a bitcoin business myself. While I've only been at this for a couple months, I can already attest that there are many issues that most businesses will seldom, if ever, deal with such as regulations and finding banking partners who will even open an account for you.

The Risks of Starting a Bitcoin-Based Business

Bitcoin entrepreneurs are predictably quick to puff up the virtual currency’s benefits – zero-to-low transaction costs, no chargebacks and the freedom to send and receive money anywhere in the world without a third party, to name a few. They typically aren’t as eager, however, to draw attention to the risks of doing business in Bitcoin, and, just like starting up around any other embryonic technology, there are many.

While the article is pretty weak on describing actual bitcoin business issues, I can personally speak to the issues with starting a bitcoin business myself. While I've only been at this for a couple months, I can already attest that there are many issues that most businesses will seldom, if ever, deal with such as regulations and finding banking partners who will even open an account for you.___

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2015-07-06 09:19:59 (0 comments, 1 reshares, 2 +1s)Open 

Bitwage enters the Gold & Silver market

Bitwage provides a way for employees, freelancers, and contract workers to get paid their salaries in bitcoin instead of fiat currency. It is a convenient option for the person who wants to use bitcoin as a part of their investment strategy, save for retirement, or speculate on the market. Any percentage of a person’s salaried income can be quickly converted into bitcoin through Bitwage.

Now Bitwage has partnered with Bitreserve to create what they call “Cloud Savings.”  This gives customers the option to choose any portion of their salary to be split and held in 9 currencies and 4 precious metal, including US dollars, bitcoins, Euros, Pounds, Mexican Pesos, Indian Rupees, Gold, and Silver.

If you were in the need of a place to easily convert all or a portion of your paycheck into non-fiat savings then you shoulddefinite... more »

Bitwage enters the Gold & Silver market

Bitwage provides a way for employees, freelancers, and contract workers to get paid their salaries in bitcoin instead of fiat currency. It is a convenient option for the person who wants to use bitcoin as a part of their investment strategy, save for retirement, or speculate on the market. Any percentage of a person’s salaried income can be quickly converted into bitcoin through Bitwage.

Now Bitwage has partnered with Bitreserve to create what they call “Cloud Savings.”  This gives customers the option to choose any portion of their salary to be split and held in 9 currencies and 4 precious metal, including US dollars, bitcoins, Euros, Pounds, Mexican Pesos, Indian Rupees, Gold, and Silver.

If you were in the need of a place to easily convert all or a portion of your paycheck into non-fiat savings then you should definitely check out Bitwage's offerings. As mentioned above they now allow you to not only convert to BTC but also Gold and Silver with the new Cloud Savings plan. 

http://www.bitwage.co___

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2015-07-06 09:02:05 (0 comments, 0 reshares, 5 +1s)Open 

Bitcoin glitch expected to abate as software upgrades continue

Bitcoin experienced a glitch over the weekend that is expected to be resolved as software clients that handle transaction data are upgraded.

Some software clients that “mine” bitcoins are creating invalid transaction data, which are referred to as blocks. Blocks are records of transactions, and the first miner to complete a block is rewarded with new bitcoins. The blocks are added to bitcoin’s public ledger, called the blockchain.

Some software clients that had not been recently upgraded are accepting invalid blocks created by other clients, according to a notice posted on http://bitcoin.org.

Its good to see that the SPV glitch is being quickly resolved. A huge thank you to all the Core Devs who spent the holiday ensuring bitcoin remained stable. 

Bitcoin glitch expected to abate as software upgrades continue

Bitcoin experienced a glitch over the weekend that is expected to be resolved as software clients that handle transaction data are upgraded.

Some software clients that “mine” bitcoins are creating invalid transaction data, which are referred to as blocks. Blocks are records of transactions, and the first miner to complete a block is rewarded with new bitcoins. The blocks are added to bitcoin’s public ledger, called the blockchain.

Some software clients that had not been recently upgraded are accepting invalid blocks created by other clients, according to a notice posted on http://bitcoin.org.

Its good to see that the SPV glitch is being quickly resolved. A huge thank you to all the Core Devs who spent the holiday ensuring bitcoin remained stable. ___

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2015-07-06 07:25:03 (0 comments, 0 reshares, 2 +1s)Open 

Todd Frazier will get the NL All-Star Game start at third base in front of the hometown fans!

VIDEO: http://atmlb.com/1CUPMSU

Todd Frazier will get the NL All-Star Game start at third base in front of the hometown fans!

VIDEO: http://atmlb.com/1CUPMSU___

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2015-07-06 06:33:52 (0 comments, 3 reshares, 9 +1s)Open 

Can bitcoin help the world's unbanked?

As bitcoin struggles to gain mass appeal, advocates of the digital currency are turning to a new audience to promote adoption: the global unbanked.

More than 2 billion adults lack access to financial services such as a bank accounts and credit cards to save and borrow funds, according to the World Bank, with the majority residing in rural areas and typically living below $5 a day.

Bitcoin finally gives the unbanked the same financial tools that those with bank accounts have enjoyed for years. Between allowing users highly reduced remittance costs to helping with unstable fiat currencies, bitcoin is the perfect solution for the unbanked of the world. 

Can bitcoin help the world's unbanked?

As bitcoin struggles to gain mass appeal, advocates of the digital currency are turning to a new audience to promote adoption: the global unbanked.

More than 2 billion adults lack access to financial services such as a bank accounts and credit cards to save and borrow funds, according to the World Bank, with the majority residing in rural areas and typically living below $5 a day.

Bitcoin finally gives the unbanked the same financial tools that those with bank accounts have enjoyed for years. Between allowing users highly reduced remittance costs to helping with unstable fiat currencies, bitcoin is the perfect solution for the unbanked of the world. ___

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2015-07-04 21:23:14 (0 comments, 1 reshares, 7 +1s)Open 

Bitstamp Enables Canada-based Customer Deposits

Customers in Canada will be now able to deposit Canadian dollars into their Bitstamp accounts following the bitcoin exchange's partnership with payment processor Vogogo.

According to a company post, funds deposited via eCheck will take up to 5 days to clear into customers' Bitstamp accounts. Deposits, subject to a 1% transaction fee, are subject to a minimum of $1 and a maximum of $250.

Previously, Canada-based customers were only able to deposit funds via international wire transfers, subject to a 0.05% transaction fee.

Canadians have a new option when it comes to obtaining bitcoin. This is the type of expansion you expect when a country shows that it is open to innovation. New York should sit back and learn from this. 

Bitstamp Enables Canada-based Customer Deposits

Customers in Canada will be now able to deposit Canadian dollars into their Bitstamp accounts following the bitcoin exchange's partnership with payment processor Vogogo.

According to a company post, funds deposited via eCheck will take up to 5 days to clear into customers' Bitstamp accounts. Deposits, subject to a 1% transaction fee, are subject to a minimum of $1 and a maximum of $250.

Previously, Canada-based customers were only able to deposit funds via international wire transfers, subject to a 0.05% transaction fee.

Canadians have a new option when it comes to obtaining bitcoin. This is the type of expansion you expect when a country shows that it is open to innovation. New York should sit back and learn from this. ___

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2015-07-04 21:17:47 (0 comments, 1 reshares, 9 +1s)Open 

Email Paywall System ‘Mailman' Wins Coinbase Hackathon

Email paywall system Mailman has won Coinbase's second hackathon, which gave away $70,000 worth of bitcoin in prizes.

The system, which rewards consumers in bitcoin and uses the blockchain to filter spam messages, received a $10,000 prize in bitcoin and a place on Boost VC's bitcoin accelerator class, reportedly worth $50,000.

Congratulations to the team behind Mailman for winning this year's hackathon. It'll be interesting to see how they differentiate themselves from other bitcoin spam providers as they come to market. 

Email Paywall System ‘Mailman' Wins Coinbase Hackathon

Email paywall system Mailman has won Coinbase's second hackathon, which gave away $70,000 worth of bitcoin in prizes.

The system, which rewards consumers in bitcoin and uses the blockchain to filter spam messages, received a $10,000 prize in bitcoin and a place on Boost VC's bitcoin accelerator class, reportedly worth $50,000.

Congratulations to the team behind Mailman for winning this year's hackathon. It'll be interesting to see how they differentiate themselves from other bitcoin spam providers as they come to market. ___

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2015-07-03 19:06:51 (2 comments, 0 reshares, 2 +1s)Open 

Was Nvidia just thinking of gamers with the release of the Nvidia Shield?

Nvidia is currently making the best streaming product on the market with the Shield. You get a device that does both 4K streaming as well as has access to many other apps, courtesy of the Google Play Store, that expands upon what you can do with your device. You also get a gaming rig that will be able to rival it's console peers with new game releases and quality of graphics.

The part that kills me here is that the last line of the above paragraph seems to dictate the whole marketing strategy Nvidia is using for the Shield. To me the whole system revolves around gamers instead of harnessing the full potential of the powerful device they created and creating various SKUs designed towards other audiences like content streamers.

For example the first two SKUs they've created come with a... more »

Was Nvidia just thinking of gamers with the release of the Nvidia Shield?

Nvidia is currently making the best streaming product on the market with the Shield. You get a device that does both 4K streaming as well as has access to many other apps, courtesy of the Google Play Store, that expands upon what you can do with your device. You also get a gaming rig that will be able to rival it's console peers with new game releases and quality of graphics.

The part that kills me here is that the last line of the above paragraph seems to dictate the whole marketing strategy Nvidia is using for the Shield. To me the whole system revolves around gamers instead of harnessing the full potential of the powerful device they created and creating various SKUs designed towards other audiences like content streamers.

For example the first two SKUs they've created come with a gaming controller. One features a 16gb memory while the other has a 250 gb drive and they are sold at $199 and $299 respectively. With the inclusion of a controller, these are perfect for the gaming community but what if I just want to watch House of Cards in 4K? Do I need this bulky thing just to click through the menus? Simply offering 2 additional SKUs without controllers would allow them to reach many more homes that don't have the same value for gaming.

The first SKU they could benefit from would be a $150 device only package that simply comes with the streaming box and no packaged controlling device. The second should be an additional $199.99 16gb model that features a Nvidia Shield Remote rather than the gaming controller that comes packaged with the current setup. With the addition of these 2 SKUs Nvidia would now be set to compete in a much wider market.

The streaming box only option could be controlled from an app for Google Play or iOS devices similar to what Google offers for Android TV. (This same app may function well here as it is geared toward Android TV but I've never tested nor seen tests done) Now they would have a device that is roughly $50 bucks cheaper than alternative 4K quality streaming setups plus the benefit of Google's Play Store offerings. Alternatively they would be the highest priced Android streaming system but offering the 4K content would warrant the higher price. 

Really I don't care what bad marketing decision Nvidia makes, I'm not a stockholder. My issue comes with having to spend $200 for a device and then spending another $50 for a remote, that should be in there to begin with, because I don't want to leave a bulky game controller on my living room table.

/rant___

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2015-07-02 21:02:50 (0 comments, 1 reshares, 3 +1s)Open 

BitGo Announces Launch of Solvency Proofs Verified by BitGo

BitGo announced today the release of its latest product offering, Verified by BitGo, a product that provides a real-time view of bitcoin assets owned by a company.

Whereas in the past, verification attempts were slow and often had security risk concerns, BitGo hopes that this will be a verification that allows it to publicly share all of its assets. Further, it will be able to cryptographically display that it is in a solvent state.

When dealing with brokerages and wallets, knowing that the provider is solvent can go a long way toward making a decision on using a service. This service will enable end users to analyze what the company’s assets are and compare that to its liabilities, even drilling down to ensure that the user’s own account is included in the total liabilities.

Taking the stepawa... more »

BitGo Announces Launch of Solvency Proofs Verified by BitGo

BitGo announced today the release of its latest product offering, Verified by BitGo, a product that provides a real-time view of bitcoin assets owned by a company.

Whereas in the past, verification attempts were slow and often had security risk concerns, BitGo hopes that this will be a verification that allows it to publicly share all of its assets. Further, it will be able to cryptographically display that it is in a solvent state.

When dealing with brokerages and wallets, knowing that the provider is solvent can go a long way toward making a decision on using a service. This service will enable end users to analyze what the company’s assets are and compare that to its liabilities, even drilling down to ensure that the user’s own account is included in the total liabilities.

Taking the step away from Mt. Gox...___

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2015-07-02 20:53:11 (6 comments, 0 reshares, 2 +1s)Open 

Answer for 10,000 Satoshi

Who is in this picture?

First person with the correct answer wins!

Answer for 10,000 Satoshi

Who is in this picture?

First person with the correct answer wins!___

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2015-07-02 01:55:17 (0 comments, 2 reshares, 5 +1s)Open 

Citi Is Working on ‘Citicoin’ for Cross-border Payments

International Business Times revealed that the global bank Citi is developing blockchains within the bank and test-coins to run across them. Ken Moore, head of Citi Innovation Labs, confirmed that the bank has been looking at distributed ledger technology for the last few years and has amassed a skilled team. They have built three blockchains and a test currency to run across them.

Headquartered in Manhattan, Citi is an American multinational banking and financial services corporation. As of January 2015, it is the third-largest bank holding company in the United States by assets and has one of the world’s largest financial services networks.

“We have up and running three separate systems within Citi now that actually deploy blockchain distributed ledger technologies,” said Moore. “They are allwithin the la... more »

Citi Is Working on ‘Citicoin’ for Cross-border Payments

International Business Times revealed that the global bank Citi is developing blockchains within the bank and test-coins to run across them. Ken Moore, head of Citi Innovation Labs, confirmed that the bank has been looking at distributed ledger technology for the last few years and has amassed a skilled team. They have built three blockchains and a test currency to run across them.

Headquartered in Manhattan, Citi is an American multinational banking and financial services corporation. As of January 2015, it is the third-largest bank holding company in the United States by assets and has one of the world’s largest financial services networks.

“We have up and running three separate systems within Citi now that actually deploy blockchain distributed ledger technologies,” said Moore. “They are all within the labs just now so there is no real money passing through these systems yet, they are at a pre-production level to be clear. We also have an equivalent to bitcoin up and running, again within the labs, so we can mine what we call a ‘Citicoin,’ for want of a better term. It’s in the labs, but it’s to make sure we are at the leading edge of this technology and that we can exploit the opportunities within it.”

Its not shocking that banks are exploring blockchain technology for it's obvious benefits. There will be a future with many different tokens based any anything you can imagine a categorization for. This could even be used as an internal proof of reserve one day but I doubt we have any competitor to bitcoin to worry about here. ___

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2015-07-01 16:16:52 (1 comments, 2 reshares, 5 +1s)Open 

Payments Firm Backs 'Crazy' Offline Bitcoin Transactions Experiment

As an Internet-based payment system, most bitcoin transactions today necessitate that users are online or otherwise can print and exchange private keys.

However, Romanian mobile payments provider Netopia mobilPay is now backing a proposal that strives for a middle path. Called OffCoin, the proposal is for a system that allows microSD cards in mobile phones to generate, store, transmit and delete bitcoin private keys.

In effect, OffCoin would be capable of moving digital currency between mobile phones without requiring users to be connected to the Internet or needing to pay the cost of using the bitcoin blockchain. By transacting with NFC, Bluetooth, QR codes or a combination of these technologies, Netopia suggests it can allow users to send and receive bitcoin without paying fees forsendi... more »

Payments Firm Backs 'Crazy' Offline Bitcoin Transactions Experiment

As an Internet-based payment system, most bitcoin transactions today necessitate that users are online or otherwise can print and exchange private keys.

However, Romanian mobile payments provider Netopia mobilPay is now backing a proposal that strives for a middle path. Called OffCoin, the proposal is for a system that allows microSD cards in mobile phones to generate, store, transmit and delete bitcoin private keys.

In effect, OffCoin would be capable of moving digital currency between mobile phones without requiring users to be connected to the Internet or needing to pay the cost of using the bitcoin blockchain. By transacting with NFC, Bluetooth, QR codes or a combination of these technologies, Netopia suggests it can allow users to send and receive bitcoin without paying fees for sending funds over the bitcoin blockchain.

I've often wondered when someone would devise a system like this for use off network. This will bridge a huge gap for 3rd world users who still want to reap the benefits of bitcoin. ___

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2015-06-30 05:03:14 (0 comments, 2 reshares, 6 +1s)Open 

Reinventure Invests in Coinbase

We are pleased to announce that Reinventure Group, an Australian-based VC firm focused on fintech, has made a strategic investment in Coinbase.

One of Reinventure’s primary objectives is to create opportunities between its portfolio companies and Westpac, Reinventure’s largest investor and one of the top 15 largest banks in the world. We plan to work closely with Reinventure and share insights into the use of digital currencies globally.

Aussies, you're on deck.

Reinventure Invests in Coinbase

We are pleased to announce that Reinventure Group, an Australian-based VC firm focused on fintech, has made a strategic investment in Coinbase.

One of Reinventure’s primary objectives is to create opportunities between its portfolio companies and Westpac, Reinventure’s largest investor and one of the top 15 largest banks in the world. We plan to work closely with Reinventure and share insights into the use of digital currencies globally.

Aussies, you're on deck.___

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2015-06-30 04:47:43 (0 comments, 6 reshares, 15 +1s)Open 

Greeks are rushing to Bitcoin

With bank doors slammed shut, frantic Greeks are turning to online trading platforms to see if the digital money Bitcoin is a better bet than the euro.

The world's largest Bitcoin exchanges tell CNNMoney they've seen a surge of business from Greece.

Ten times as many Greeks are registering to trade bitcoins on the German marketplace Bitcoin.de than usual, according to CEO Oliver Flaskaemper. Bitcoin trades from Greece have shot up 79% from their ten-week average on Bitstamp, the world's third-largest exchange.

When you don't control your money then you don't actually own it. 

Greeks are rushing to Bitcoin

With bank doors slammed shut, frantic Greeks are turning to online trading platforms to see if the digital money Bitcoin is a better bet than the euro.

The world's largest Bitcoin exchanges tell CNNMoney they've seen a surge of business from Greece.

Ten times as many Greeks are registering to trade bitcoins on the German marketplace Bitcoin.de than usual, according to CEO Oliver Flaskaemper. Bitcoin trades from Greece have shot up 79% from their ten-week average on Bitstamp, the world's third-largest exchange.

When you don't control your money then you don't actually own it. ___

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2015-06-29 21:15:38 (0 comments, 0 reshares, 2 +1s)Open 

Ulterior States Documentary

From the Ulterior States website:

Ulterior States, an IamSatoshi production, is an argumentative documentary project. The participatory development, production and post ‘guerilla-film-making-methods’, bounced between (non-academic) literature research, video interviews and studio sessions. This investigative process allowed having real-life conversations with some thought leaders within the Bitcoin ecosystem. In an attempt to portray the community behind the message to adopt a network, being a one-man team allowed for easier access to the subjects. The enthusiasm and commitment that saturate through the lens in many parts of the film, expose how the adopters of Bitcoin want to explore, to probe and, to show the world, something important, otherwise overlooked.

The film took three years and 125 videos to complete. Through this journey,I got... more »

Ulterior States Documentary

From the Ulterior States website:

Ulterior States, an IamSatoshi production, is an argumentative documentary project. The participatory development, production and post ‘guerilla-film-making-methods’, bounced between (non-academic) literature research, video interviews and studio sessions. This investigative process allowed having real-life conversations with some thought leaders within the Bitcoin ecosystem. In an attempt to portray the community behind the message to adopt a network, being a one-man team allowed for easier access to the subjects. The enthusiasm and commitment that saturate through the lens in many parts of the film, expose how the adopters of Bitcoin want to explore, to probe and, to show the world, something important, otherwise overlooked.

The film took three years and 125 videos to complete. Through this journey, I got immersed in the decentralised crypto-currency culture and met a bunch of wonderful futuristic-pirates, I would have never met otherwise. It is becoming easier to admit that Ulterior States is an expression of my perceptions, an extract of the years 2012-2015. The collaged story explores code as activism and discovers a melting pot through the neutrality of a decentralised consensus. It looks to the future from different humanist perspectives and argues that crypto-currencies could lead towards; community governed micro-state applications.

This roughly hour long documentary, from producer Tomer Kantor, is posted on YouTube for your viewing pleasure. Adam B. Levine, from the Let's Talk Bitcoin network, calls it "the first great exploration of the Idealist point of view." Check it out now for free!___

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