DimeCoin - The New Cryptocurrency
http://www.dimecoin.org http://www.dimecoin.es.

By: Diaz Rodolfo

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By Tim Sampson on January 03, 2014 Its a new year, which means a its time for a new revelation from National Security Agency leaker Edward Snowden. This time, documents revealed by Snowden show that the NSA is devoting significant resources toward the creation of a quantum computera theoretical device that, if achieved, could give the NSA the ability to bypass virtually every type of encryption currently in existence. READ THE FULL STORY

Its been a breakout year for Bitcoin, from wild crashes and spikes to the Silk Road saga and forward-thinking brothels, not to mention continued speculation about the identity of the cryptocurrencys mysterious inventor, known only as Satoshi Nakamoto. And while many people became familiar with the Bitcoin network over the past few months, its actually been in use since Jan. 3, 2009, when the first client debuted. READ THE FULL STORY

Visit the Defense Fund , this guy is a Hero! The 29-year-old Texan is currently sitting in a Brooklyn jail, accused of being behind the Deep Web black market known as Silk Road. According to his family, hes begun to teach yoga every evening to fellow inmates. He had a book by Iyengar outlining a 300 week course and started doing it in a glassed off room they have, in an area with some rugs, according to Ulbrichts official Facebook page. He was joined by five other inmates, and the group is slowly growing. READ THE FULL STORY

by Nermin Hajdarbegovic The Bank of Lebanon, the countrys central bank, has issued a bitcoin warning, the first such warning in the region. The warning was issued on 19th December 2013 and outlines a number of risks associated with digital currencies, many of which we are all too familiar with. The Bank warns of several risks: Read the FULL story

The Bitcoin saga took an unpleasant turn this December when Chinas central bank banned financial institutions from dealing in the virtual currency. Bitcoin was enjoying a surge of popularity in the country; by the end of November, Chinese exchanges were responsible for almost two-thirds of worldwide traffic. The central banks decision sent the currency tumbling. Last week, Indian regulators joined the fray. Preferring ominous warnings to outright prohibition, the Reserve Bank of India issued a public advisory on the dangers of Bitcoin. The meaning was clear enough. Indias largest exchange was promptly shut down, and its operator raided by local authorities. READ THE FULL STORY

London, UK (PRWEB) December 31, 2013 A lot has been promised by the emergence of the virtual currency Bitcoins. Founded and launched in 2008, Bitcoins is currently being circulated and used at a high level a number which is also likely to expand in the near future thanks to the hype and availability of this digital currency. This has further led to the origination of Bitcoin trading, which one could say is an innovative version of forex trade in which the currency at one end is Bitcoin which is traded or shorted in exchange of government regulated currencies like Dollar, Euro, etc. Bitcoins traders have thus found themselves in a need to be always updated by the latest happenings in the finance sector. This is the time when the worlds leading forex news online portal ForexMinute have also expanded its services by including a new Bitcoin News section which, like its many other news section, upgrades users with the latest activities and trends related to this new digital currency. Read the Full story

BitcoiN gets 67 new e-curriences; value grows to $13 bn USD As regulatory glare intensifies on bitcoins due to possible money laundering, cyber security and other risks, over five dozen other virtual currencies have come under the scanner and include a desi version by name of laxmicoin The total value of these 67 digital currencies in circulation over internet has reached nearly $ 13 billion (over Rs. 80,000 crore), out of which bitcoin alone accounts for over $ nine billion, according to market estimates. READ THE FULL STORY

by: Danny Lee danny.lee@scmp.com Tired of bank and PayPal charges, music teacher Zou Lunlun has embraced bitcoin to accept payment from students worldwide The cost of international banking for one small Hong Kong business has become so high that it has turned to the crypto-currency bitcoin for help in a snub to the financial system. Zou Lunlun, founder of the International Academy for Musical Arts (IAMA) in North Point, is the first business to accept and receive bitcoins as an alternative payment method for her online music lessons. She introduced the service in September. READ THE FULL STORY

Bitcoin miner Milly Bitcoin has done a little citizen letter-writing, and the results should make virtual currency miners breathe a sigh of relief. Milly Bitcoins mining company Atlantic City Bitcoin last June wrote to the U.S. Department of the Treasurys Financial Crimes Enforcement Network (FinCEN) requesting an official administrative ruling on whether ACB must register as a money transfer service. FinCEN has now replied, and the answer is no. ACB requested the ruling because there has been much confusion as to whether mining and spending the proceeds constituted a money transfer service. This may seem a ridiculous question to virtual currency aficionados, but the confusion arose because some businesses dealing in virtual currencies do indeed operate as money transfer services. Mining and spending virtual currency, however, is not a transfer service. Such was the ruling by FinCEN. READ THE FULL STORY

Goldman Sachs board member M. Michele Burns is joining the board of new bitcoin payment processor Circle Internet Financial, becoming the latest representative from the worlds of big finance and investing to show an interest in digital currency. The move represents a possible greater acceptance of bitcoin in the US in the financial mainstream, at a time when other large countries are attempting to block or caution against its use. READ THE FULL STORY

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CryptoCurrency.org

AltCoins

What is Litecoin?

Litecoin is a peer-to-peer Internet currency that enables instant payments to anyone in the world. It differs from its parent Bitcoin in that can be efficiently mined with consumer-grade hardware. Litecoin provides faster confirmations (targeted at every 2.5 minutes on average) and uses memory-hard, scrypt-based mining to target the CPUs and GPUs most people already have. The Litecoin network is scheduled to produce four times as many currency units as Bitcoin.

One of the aims of Litecoin was to provide a mining algorithm that could run at the same time, on the same hardware used to mine bitcoins. With the rise of specialized ASICs for Bitcoin, Litecoin continues to satisify these goals. It is unlikely for FPGA or ASIC mining to take over Litecoin until the currency is widely used.

Namecoin is a peer-to-peer generic name/value datastore system based on Bitcoin technology (a decentralized cryptocurrency). It allows you to:

There are plenty of possible use cases. Read more about Namecoin.

Note: the latest version of this document is at: this github location.

Devcoin is the coin where 90% of the generation goes to open source developers and 10% to the miners.

Read more here:

AltCoins - Crypto()Currency - Cryptocurrency

Currencies designed to fix perceived flaws in Bitcoin could lead to competition that makes the idea of digital cryptocurrency stick.

In recent weeks, the digital currency Bitcoin has soared and then dipped in value, along the way attracting more public attention than ever before and speculation as to whether it could become an established and widely accepted way to pay for goods and services.

But Bitcoin isnt the only cryptocurrency out there. Several others are also surging in popularity and value, and they claim to offer technical improvements that make them better suited to mainstream use.

Some of these competing currencies already represent significant stores of value. The value of a single bitcoin on the most popular exchange was $93.70 at time of publication, and the total value of all bitcoins in circulation just over $1 billion (it was over $2 billion at the markets high point last week). The largest alternative cryptocurrency, litecoins, were worth $2.31 each and $38 million in total; the next largest, PPCoin, were worth $0.22 each adding up to a total value of $4 million.

Bitcoin is based on mathematical techniques that control the production of new bitcoins, make it possible for a person to verify money sent to them is genuine, rule out counterfeiting, and limit the maximum number that can ever exist (to 21 million) (see What Bitcoin Is, and Why It Matters).

The Bitcoin alternatives are inspired by that design, which is published openly, and try to offer improvements.

One of Litecoins most significant claimed improvements over Bitcoin is that it allows transactions to be confirmed as legitimate much more quickly, says Charles Lee, who designed the currency, which is now maintained by him and a small group of other enthusiasts.

Bitcoin transactions are verified by the work of software run by other people using the currency, a process that takes on average 10 minutes and can be much longer, an hour in the case of many exchange sites. Lee says that hinders operators of online stores from using the currency. With Bitcoin, sometimes merchants are forced to accept unconfirmed transactions because confirmations are way too slow, he says. Faster confirmations lead to a more useful currency. Litecoin transactions are confirmed on average every 2.5 minutes, which Litecoins developers say is more practical for businesses.

Both Litecoin and the third most-popular cryptocurrency, PPCoin, also generate new coins in a way intended to be more practical than Bitcoins design. New bitcoins are created through a process known as mining, in which people run software that competes to solve a computational puzzle. Each time a puzzle is cracked, new coins are awarded and a new challenge is set. In a neat twist, the process of solving a puzzle also confirms the validity of recent transactions made with bitcoins.

However, because more powerful computers are more likely to solve these puzzles, an arms race between bitcoin miners has resulted. Today only those with very powerful, customized machines have a chance of profitably mining bitcoins and miners are still racing to build ever more powerful mining rigs.

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As Bitcoin Soars in Value, Alternative Cryptocurrencies, Such ...

Published: Thursday, 2 Jan 2014 | 9:23 PM ET

By: Yannick LeJacq

Kanye West is inspiration for digital currency

The Squawk Box team discuss plans for "Coinye West," a digital currency inspired by rapper Kanye West.

There are plenty of digital currencies out there for those of us fed up with the boring old paper kind bank produced and backed by the government. But what about the oft-neglected overlap between frenzied crypto-anarchists and hip hop fans?

Later this month, that gaping hole in e-commerce may finally be filled by "Coinye West," a newly minted cryptocurrency inspired by professional rapper and supreme egoist Kanye West.

Much like Dogecoin, the cryptocurrency inspired by the bug-eyed Shiba Inu Internet meme, Coinye is based on the virtual currency Bitcoin.

(Read more: Don't rule out a ban on virtual currencies: Peercoin)

Coinye's anonymous creators began promoting the currency late in 2013, even reaching out to Yeezus himself on Twitter on New Year's Eve to try to pique the musician's interest. West, who has no connection to the project, has yet to make any public statement.

Coinyewest.com

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Cryptocurrency gets hip: 'Coinye West'

"We takin' shots at Bitcoin." This is the tagline of the latest cryptocurrency to hit the Web. It might sound bold, but it has to beit's trying to emulate a pretty bold character, after whom it has entirely modeled its image.

CoinYe West is a modern day love letter to musician Kanye West. Its creators are in the process of fashioning a currency dedicated to the man himself, and have chosen to stamp his likeness on it and to advertise it with a website featuring his "BLKKK SKKKN HEAD" video in the background. If this is not a new slight of genius self-promotion from the oft misguided West, it's certainly a takedown notice in the making.

Choosing a popular culture figure to represent a decentralised, anonymous, and unregulated currency might seem an odd choice, but it had already been done before with Dogecoin, a nod to the Doge meme. Coinye West's creators, who spoke to Noisey in an e-mail interview (because they "want to stay sorta anonymous in case Kanye gets pissed off"), believe that West is in fact the perfect choice. By using a pop culture icon to launch a currency, they are hoping to bring cryptocurrencies to the masses. "Bitcoin is for hardcore money-hoarders, and Dogecoin was more for the Internet-meme crowds," they said.

This is why the release is so public, with the countdown to the 11 January launch (when free giveaways will take place) being ticked down on its website. "No premine, no screwed up fake 'fair' launches, shyster devs, muted channels, and f**ked up wallets," write the founders on the site. "We will be releasing password protected, encrypted archives containing the binaries and source for the wallet and daemon BEFORE LAUNCH, with the passwords to be released at the specified time. We will work with multiple pools to orchestrate a PROPER and FAIR release."

The release is really very timely. Back in November 2013 Bitcoin received a huge boost following the news that an FBI letter presented during a US Senate committee proved the bureau considered it a "legitimate financial service". Crytpocurrencies are most definitely already edging towards the mainstream due to the amount of press Bitcoin's ups and downs have received over the past year.

The general public is, however, either unsure how to use it, associates it with the criminal underground, or feels that the high value of one Bitcoin implies it's getting prohibitively expensive to experiment with and it's no longer worth getting in the game. It's why the service will be giving away coins at launch"it will get people who are on the fence interested and help them to start using the currency, and we hope they'll share it with their friends, too." Coinye is also creating CoinyeMiner, a platform that simplifies the mining process for the uninitiated.

There are, of course, other less prolific cryptocurrencies that have come forth since Bitcoin's founding. And this is the point Coinye West is makingmining can be for the masses, the general public hasn't necessarily missed the boat on this one. Plus, Kanye West is marginally more of a trustworthy figure than a talking Shiba Inu, (even if it's been alleged he's an Illuminati follower).

Sounding a lot more like a promoter for the musician, the founders tell Noisey they picked him because he's "a trendsetter" (bringing back loin-cloth leather skirts for men), adding that we will be buying virtual tickets "and other ideas I can't give away just yet" with CoinYe, suggesting they've got ample marketing sweetspots with which to sell the idea to the man himself. Bizzarely, the representative said they don't want to pay him off in exchange for permission to use his image, but then said they'll send him 100,000 CoinYe at launch if he gets in touch.

Joke, promotion or soon to be defunct cryptocurrency when Kanye has his way? You tell us in the comments below.

Read the full interview at Noisey here.

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Coinye West: A new cryptocurrency for the masses and an ode to Kanye

First it was Bitcoin. Then came Dogecoin. Now, a group of Internet denizens are creating a new form of e-currency -- and it's got that New God Flow.

As Noisey reports, a new cryptocurrency named after Kanye West is about to hit the marketplace. Deemed Coinye West, the currency is supposed to become available Jan. 11.

In an interview with Noisey, the creators of Coinye West said they're remaining anonymous "in case kanye gets pissed off," but the currency is totally legitimate. With a tagline of "we ain't minin', we pickin'," Coinye West is created in the spirit of, according to its creators, making it "easier for people to use cryptocurrency."

"We chose to represent Kanye because he is and always has been a trendsetter, and hes always keeping things unique," the Coinye creators added. "I can picture a future where Coinye is used to buy concert tickets, with cryptographically verified virtual tickets, and other ideas I cant give away just yet."

Yeezus himself isn't exactly behind the idea just yet, but that hasn't stopped the creators of Coinye West from reaching out to the rapper in the hope that he'll invest -- or, at least, not get mad about its existence.

"Have you ever invested in bitcoin or litecoin?" its creators asked West via Twitter. In the Noisey interview, they also invited West to get in contact with them, offering the rapper 100,000 "COINYE," as it's being called.

No word on how the rapper feels about having a form of currency named after him just yet.

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New Bitcoin-Esque Cryptocurrency Named After Kanye West Launching