Category Archives: Bitcoin

Houston Bitcoin Meetup and Kristov Atlas
Kristov Atlas is researcher and consultant who focuses on Bitcoin security and privacy. He is the author of "Anonymous Bitcoin: How to Keep Your All to Yourself", a practical guide to maximizing...

By: Adam Richard

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Houston Bitcoin Meetup and Kristov Atlas - Video

BitCoin Generator 2014 November 2014
Bitcoin Generator - Bitcoin Wallet Hack Download: http://bit.ly/1ysphCE : Mirror 2: http://bit.ly/1yKl9hC Fastest and Cheap Bitcoin Miner Tool We use MtGox on the demo video however this...

By: Isaac Gray

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BitCoin Generator 2014 November 2014 - Video

20 11 14 Forex, , Bitcoin Litecoin Romanov Capital
EUR/USD, GBP/USD, USD/JPY, AUD/USD, USD/CAD, XAU/USD, gold, , Bitcoin, BTC/USD, , LTC/USD, , .

By: Romanov Capital

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20 11 14 Forex, , Bitcoin Litecoin Romanov Capital - Video

What is bitcoin and why should you care?
Justus Ranvier (who is a Bitcoin expert and co-organizer of the Austin Bitcoin Meetup) will give us an introduction on bitcoin "features" and historical context.

By: Muharem Hrnjadovic

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What is bitcoin and why should you care? - Video

The recent BitLicense carve-outs for software developers and bitcoin miners seem to allow for a level of innovation free from regulation. So far, so good. At a glance, the New York Department of Financial Services seems to be on the right track. Providing a regulatory framework in which bitcoin exchanges, online wallets and merchant processing services can operate is an important step forward in the evolution of virtual currencies and legitimizes their use.

Read MorePolice forced to pay bitcoin ransom

However, when one digs deeper into the NFS BitLicense proposal, what we actually see is a regulatory framework that imposes unrealistic requirements on bitcoin users and merchants. You see, a very large part of the regulation deals with trying to remove one of the biggest benefits to society that bitcoin provides: anonymity. BitLicense, as written, forces merchants to collect names and addresses for the simplest of transactions. Can you imagine having to give your name and address at the drive through checkout just to buy a cup of coffee with Bitcoin? That's what the proposal is trying to enforce.

So just why is the anonymity aspect such a benefit to society? Since 2013, hackers have stolen over 1 billion consumer records. The estimated cost of this data theft is a staggering $5 billion dollars a year, which inevitably gets passed down to consumers and merchants in the form of higher prices and fees.

There is a global data-security crisis. Indeed, a war is being waged and that's making it harder and harder for the good guys to win. The hackers only have to succeed a small percentage of the time to make a very big dent on our society. As a result, we are in an era where securing personal information requires more and more complex security and surveillance, by merchants, banks and the government agencies.

Read MoreIs Apple Pay a bitcoin killer?

The system of credit-card processing introduced in the 1940s and 1950s, perfected in the 1970s and 1980s, was never designed for the 21st century, a century in which the Internet and the open-source community and the dark web accelerate technology innovation at a pace far more rapid than slow moving merchant and banking infrastructure can keep up with. To address this global data security crisis requires us to fundamentally re-think what it means for a consumer to spend money. As it stands today, a simple trip to the grocery store or buying gifts online at Christmas, subjects hundreds of millions of people to potential fraud, identity and credit-card theft. Crimes that may affect their credit record, their finances, indeed even their ability to work. Moreover, the current approach to addressing these problems, ring fencing, surveillance, detection and tracking is leading us as a society down a very slippery road. It's an approach that means everything we do, every dollar we spend, our location, everyone we talk to, it all needs to be monitored and tracked, relationships mapped, algorithms applied just to catch a very small number of bad actors causing a very large amount of damage.

Bitcoin solves these problems, because it does not require us to expose personal information just to go out to dinner or shop online. Every transaction is done with a bearer instrument that does not give the receiver any information that might be used or stolen to exact future payments, or perform any fraud. It's just like cash, only designed for the 21st century, designed for the world we live in now. It protects consumers from identity theft, fraud, and reduces the massive costs associated with processing transactions, opening up global economies and bringing massive new consumer markets into an integrated 21st century economy.

Read MoreWebcam hackers may be watching you

Unfortunately, the NFS BitLicense proposal explicitly strips consumers of these benefits, reducing consumer protection, since, as written, it requires bitcoin merchant-payment-processing companies to collect personal identifying information on every transaction, forcing merchants to collect it, thus destroying the huge opportunity that bitcoin presents to solve the global data-security crisis. Requiring this information on every transaction also makes transactions in bitcoin at your local retailer more complex than spending dollars or using a credit card, thus significantly impeding adoption and innovation.

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The big problem with bitcoin regulations

Investing.com -

Investing.com - Bitcoin prices fell sharply on Thursday to hit a more than one-week low, as corrective forces continued to take hold of the virtual currency market.

Bitcoin (BTC/USD) fell by as much as 7.2% to touch a session low of $351.80 on Slovenia-based BitStamp earlier in the day, the weakest level since November 9.

Prices recovered to last trade at $358.31 during U.S. morning hours, down $18.98, or 5.03%.

The price of a bitcoin on Bulgaria-based BTC-e slumped $15.65, or 4.19%, to trade at $357.40, while prices on Singapore-based itBit tumbled $22.88, or 6.01%, to trade at $357.58.

According to the CoinDesk Bitcoin Price Index, which averages prices from the major exchanges, prices of the crypto-currency lost $20.23, or 5.36%, to trade at $357.01.

Bitcoin prices have been under pressure in recent days, following a sizeable rally earlier in the month.

Prices of the virtual currency rose by as much as 30% from a recent low of $317.80 on November 1 to touch a two-month peak of $453.92 on November 13, before losing almost 21% in the seven sessions since then.

The U.S Marshals Service announced that it will auction 50,000 Bitcoins, worth nearly $19 million, seized in connection with online drug marketplace Silk Road 2.0.

The auction is scheduled for December 4.

Continued here:
Bitcoin tumbles 6% to hit 1-week low as correction continues

Every informed person needs to know about Bitcoin because it might to be one of the worlds most important developments. ~ Leon Louw, Nobel Peace Prize Nominee

Bitcoin exchanges are an integral part of the virtual currency world and its ecosystem in particular. Prior to the fall, Mt. Gox enjoyed the status of being a monopolist as it dominated an estimated 80-90% of the Bitcoin-Dollar trading volume. Though the collapse of Mt. Gox raised many questions, but the aftermath only lasted for a short span and the trading volumes rose again at various other exchanges. The exchanges today claim to have learned from Mt. Gox and present themselves as advanced models with better security mechanisms in place. The article covers some of the prominent platforms (in no particular order) for buying and selling Bitcoins. (Related: Bitcoin Mass Hysteria: The Disaster that Brought Down Mt. Gox)

Bitstamp, a Slovenia based Bitcoin exchange, is one of toppers in terms of trading volume. It facilitates instant buy-sell orders for USD/BTC pair with withdrawals and deposits available in currencies other than dollars as well. The exchange offers trading using limit orders where a pre-determined price can be set for buy and sell orders. Bitstamp has earned a strong reputation in the Bitcoin world. The two youngsters, Nejc Kodri and Damian Merlak, who are behind Bitstamp, are to be commended for running the exchange very professionally with sound audits and regulatory compliance.

To buy Bitcoins, clients need to open an account with Bitstamp, which is followed by transferring money into the account. This can be done through SEPA, international wire transfer, etc. For those using SEPA, there is an additional step for change over from Euros to Dollars for trading and then Dollars to Euro while withdrawal. There is a fee levied on withdrawals - the fee for SEPA is fixed at 0.90 after conversion into Euros while the fee for any international withdrawal is 0.09% (minimum fee being $15). Bitstamp earns a trading fee on the successful trades which is based on the 30 day trading history of clients. The minimum fee rate is as low as 0.5% - usually for new accounts and those with a thin volume (<$500). (Fee Schedule)

Bitfinex is a platform providing advanced trading tools like margin trading, short selling and liquidity swaps to buy or sell Bitcoins, Litecoins and Darkcoins. Bitfinex was launched in 2013 and has grown in a short span to be one of the largest exchanges going by the trading volume (USD). The platform is currently in a beta testing phase and is looking to add new and advanced features going forward.

The people behind Bitfinex are very paranoid (as they call themselves) about the security issues. They store 99.5% of the assets in cold storage and only 0.5% is in wallets to allow for convenient deposits and withdrawals. Once a day, a backup of the database of the exchange is taken which is encrypted and then archived. The backup is sent to different locations as a further measure of protection. The servers is protected with up-to-date softwares and the exchange is regularly tested by Arcui to detect (and prevent) any intrusion. (See: How Bitcoin Works)

Coinbase has emerged as one of the high profile names in the Bitcoin world placing itself on the top as a one stop solution for Bitcoins - its a wallet for storing, spending, buying and accepting Bitcoins, it acts as a Bitcoin processor (merchant tool) for many merchants and businesses (example; Expedia, Overstock.com, Dell), and is among the top Bitcoin exchanges. Coinbase is a San Francisco, California based company and its initial offering was primarily restricted to the U.S. but now it has entered Europe providing, buying and selling services to around 18 countries.

Coinbase works on a slightly different principle wherein the client needs to link the bank account with the Coinbase account and has to initiate an ACH automatic transfer system for buying Bitcoins every time since Coinbase does not hold dollars in customer accounts. Though the order is placed at the time of placement of order but Bitcoins are released once the amount is credited from bank into Coinbase account which typically takes 3-5 working days. This mechanism of payment makes it unfit as a day trading exchange. It is designed for newcomers who are learning about Bitcoin trading or those who trade with a longer view. Currently,Coinbase does not cater to advanced trading tools like bids, asks, limit orders, margin trading, or short sale orders.There is afee for each transfer from dollars to Bitcoin or vice versa, charged at 1% plus a $0.15 bank fee. (See: Stores Where You Can Buy Things With Bitcoins)

Cryptsy is a platform not only for Bitcoins, but also the variants which are collectively called altcoins. The exchange provides services to trade more than 200 different types of cryptocurrencies currently, including the names like Litecoin, Dogecoin, MazaCoin, Peercoin and so on. The exchange is headquartered in Florida and is a FinCEN registered MSB (Money Services Business); it will be beta tested in the near future. The exchange plans to offer services to merchants who are open to accepting the different digital currencies as a mode of payment.

The exchange, which was launched in summer of 2013, has witnessed strong growth in a short span with a broad spread consumer base and high trading volume. According to the Cryptsy.com, the number of registered users is 270,000 and the volume crosses 300K trades per day. The trading fee is 0.20% for buyers and 0.30% for sellers, while the transaction fee varies with the coin trading in (depends on the wallet charges).

Read more:
A Look At The Most Popular Bitcoin Exchanges

People in Bitcoin: NYC Store Owner of Flat128 Elizabeth DuBois
Meet Elizabeth DuBois, store owner of Flat128, the British-Vintage merchandise store in the heart of Greenwich Village. From genuine British items like umbrellas, dresses and books, to vintage...

By: CryptoCoinsNews

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People in Bitcoin: NYC Store Owner of Flat128 Elizabeth DuBois - Video

BBT Episode 22 Teaser | Hashers Recap, NFC Bitcoin Wallet, NeoScrypt Feathercoin and TNABC Miami
It has been nearly a month since last episode, but the team has been working on a longer than usual episode packing what is to be 3 episodes worth of content in one! Episode due out by 11.21.14,...

By: Bits Be Trippin #39;

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BBT Episode 22 Teaser | Hashers Recap, NFC Bitcoin Wallet, NeoScrypt Feathercoin and TNABC Miami - Video

On Horrible Warnings - Let #39;s Talk Bitcoin Episode 162
http://letstalkbitcoin.com/blog/post/lets-talk-bitcoin-162-on-horrible-warnings.

By: Let #39;s Talk Bitcoin!

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On Horrible Warnings - Let's Talk Bitcoin Episode 162 - Video