QuickCoin app lets users send bitcoin through Facebook

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If youre intrigued by Bitcoin but daunted by how transactions work, theres an app for thatand its on Facebook.

QuickCoin lets users move the cryptocurrency around for free through the social network. Its a simple process of logging into an account, choosing a Facebook friend and sending bitcoin.

The accounts, called social wallets, display bitcoin in U.S. dollars and in bits, which are defined as 0.000001 bitcoin. That means US$5 would show up as roughly 8,548 bits instead of a fraction of one bitcoin.

One bitcoin was worth about $583 on Tuesday, according to CoinDesks Bitcoin tracking index.

The app is designed to work on any device or platform and is being positioned as a way of simplifying Bitcoin for mainstream adoption since Facebook claims 1.28 billion active monthly users.

You dont need to know how DNS works to surf the internet, so why should you have to know how Bitcoin works to use Bitcoin? QuickCoin cofounder Marshall Hayner said in an online chat.

The answer is clear: you shouldnt have to. We realized if we could make something that makes sense for everyone to use, we could reach a large audience with an amazing world-changing technology, and thats what we seek to do.

The app is using Facebooks API (application programming interface) and does not require the social media companys approval, according to Hayner. Its has been running for about a week and Facebook has not contacted the company so far.

Facebook did not immediately respond to a request for comment.

QuickCoin is a self-funded San Francisco-based startup thats being advised by Jackson Palmer, the creator of cryptocurrency Dogecoin.

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QuickCoin app lets users send bitcoin through Facebook

Regulations mulled for bitcoin

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State regulators in Massachusetts and others around the country are taking a close look at virtual currencies as bitcoin continues to grow in popularity.

We will be trying to come up with a model law or regulations states can use, said David Cotney, commissioner of the Massachusetts Division of Banks and chairman of the Emerging Payments Task Force. This has gotten a lot of attention, and we want to make sure when we act, we get it right.

The task force is made up of nine state regulators from around the country, and will look at everything from bitcoin to mobile payments.

Last week though, the task force held a hearing on bitcoin and other virtual currencies, hearing testimony from bitcoin companies and regulators, include Barbara Anthony, undersecretary of the Massachusetts Office of Consumer Affairs and Business Regulation.

Anthony said one of the key issues is that average consumers may be interested in bitcoin, but are not aware of some of the risks.

Consumers and average consumers need to know that there are certain drawbacks to trading in a virtual currency, Anthony said. The kinds of consumer protections that were used to, people have to understand they are not available to virtual currencies.

Things consumers should be aware of about bitcoin, Anthony said, include volatile worth and the fact there is no central authority that guarantees bitcoins worth.

You could buy $100 worth of bitcoin right now and over a period of time that value is not going to be $100, Anthony said.

Cotney said he is not planning on implementing any regulations on bitcoin immediately, but could down the road.

We will certainly be looking at the efforts of this task force to help guide us, Cotney said.

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Regulations mulled for bitcoin

Does Mars Have Phases Like the Moon? : Planets, Comets, Constellations & More – Video

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Does Mars Have Phases Like the Moon? : Planets, Comets, Constellations More
Subscribe Now: http://www.youtube.com/subscription_center?add_user=ehoweducation Watch More: http://www.youtube.com/ehoweducation Mars does not have phases l...

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Sydney Comets v Hornsby Spiders – Under 18 Mens Div 1 – Round 2 – 2014 – ( Part 2 of 2 ) – Video

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Sydney Comets v Hornsby Spiders - Under 18 Mens Div 1 - Round 2 - 2014 - ( Part 2 of 2 )
Game played at Hornsby Basketball Stadium on Sunday 11/05/14 at 11.30am. Sydney City Comets ( 66 ) v Hornsby Spiders ( 60 )

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Sydney Comets v Hornsby Spiders - Under 18 Mens Div 1 - Round 2 - 2014 - ( Part 2 of 2 ) - Video

DC Comets – Intense (Dert Remix) ft. Diana Theodora, Theory Hazit, Ozay Moore, Wordsworth – Video

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DC Comets - Intense (Dert Remix) ft. Diana Theodora, Theory Hazit, Ozay Moore, Wordsworth
Official music video by DC Comets performing Intense (Dert Remix) feat. Theory Hazit, Diana Theodora, Wordsworth, and Ozay Moore. 2014 WetWork.

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Workington Comets axe reserve Mills

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Last updated at 09:35, Monday, 26 May 2014

Workington Comets have axed Chris Mills from the team following a disappointing start to the season for the British rider.

Owner Laura Morgan announced the decision to part company with the reserve rider on the clubs website shortly after Comets Premier League match away to Berwick Bandits was rained off on Saturday.

She said: Tonight Steve [Whitehead], Tony [Jackson] and I have had to do one of the hardest jobs in speedway and that is to tell a rider he doesn't have a team place anymore.

We told Chris Mills tonight at the Berwick rain-off meeting that we have found it necessary to change the team to try and strengthen it for the remainder of the season.

As always from the beginning, when Chris joined the team, he was a gentleman to deal with and understood the reasons behind the change. We have found Chris to be professional and a delight to deal with and he will always be a friend of Workington speedway. I hope you will join us in wishing Chris well for the future and he is welcome back at Derwent Park any time.

The statement added that an announcement on Chris' replacement would be made in the next couple of days.

On Saturday, Mills posted the following message on his Twitter account: Gutted!! But I will be where I want to be again. No hard feelings thanks to everyone who has supported me. Best of luck to the Comets.

The 31-year-old Essex-based rider had endured a difficult start to the season, with mechanical problems hampering his form on the track.

Mills final appearance for Comets saw him pick up zero points from three rides, as Workington lost 41-49 at home to Berwick on Friday.

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Workington Comets axe reserve Mills

Softball: Clippers win fourth straight regional title

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LANARK Everything stopped except the runners on base, as Kaitlyn Liebing popped a high fly ball to left field in the fifth inning Saturday.

The Amboy junior put her head down to run. The bases which were packed with Clippers started to empty, as there were two outs.

The ball floated toward Newman's Rachel Grennan in left field. She moved to her left, the ball hit the heel of her glove, rolled forward and dropped into the grass in front of her.

Three runners scored, the Clippers took the lead, and a couple short innings later clinched the 1A Eastland Regional title with a 3-2 win over the Newman Comets. It is the fourth regional title in a row for Amboy (19-9).

The Clippers advance to the 1A Pearl City Sectional, where they will meet Hiawatha in the semifinals at 4:30 p.m. Tuesday.

"When the girls in front of me got on base, and they were loaded, I knew I had to come through then," Liebing said. "That was our chance. We hadn't seen this girl before, and we weren't hitting her as well. We just needed to score there."

Newman (14-12) freshman Sam Miller had stymied the Amboy bats leading into fifth inning.

To that point, she had allowed one hit a ground-rule double by Delaney Wilhelm while striking out six.

"Our thought was that they hadn't seen her the first two games," Newman coach J.D. Waldschmidt said. "They saw Lakyn [Waldschmidt]. In the first game, she had blown it past them for most of the game. They caught up to her the second game. We thought Sam would give them a different look."

The fifth started with a strikeout of Courtney Rhine. After that, Hannah McCoy coaxed Amboy's lone walk of the game.

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Softball: Clippers win fourth straight regional title