Category Archives: Cryptocurrency

BitCoin, LiteCoin, etc.

messin around in BTER Chinese Cryptocurrency Exchange October 2014 – Video

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messin around in BTER Chinese Cryptocurrency Exchange October 2014
Recommended CryptoCoin Exchanges CHINA: BTer https://bter.com/ref/108587 USA: Cryptsy https://www.cryptsy.com/users/register?refid=64662 SWISS: SWISSCEX http://SwissCEX.com CANADA: ...

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messin around in BTER Chinese Cryptocurrency Exchange October 2014 - Video

Moolah Founder Alex Green: ‘My Identity is Irrelevant’

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Would the real Alex Green please stand up? Images taken from a document being shared online as proof that the identity of Moolah's founder Alex Green is not as it seems(Jackson Palmer/ Ben Doernberg)

Alex Green, the founder and former CEO of the trading platform Moolah, has been accused by prominent members of the cryptocurrency community of being well-known internet scammer Ryan Kennedy - though claims his real identity is "irrelevant".

Green resigned from Moolah on Thursday 16 October, shortly after rescinding a statement that the troubled firm would be filing for bankruptcy.

"There was no great conspiracy," Green said in a blogpost titled A Public Resignation. "We simply ran out of money. Money came in, far more money went out."

In the blogpost, Green addressed accusations from dogecoin creator Jackson Palmer that he has lied about his true identity in order to distance himself from a past marked by "abuse, fraud and destruction".

An alleged change-of-name deed poll form filled out by Alex Green in 2010.(Anon)

"My identity is irrelevant," Green said. "My identity becomes relevant if I break the law, which is something that neither myself nor my employees have done.

"To be as clear as I can, I could have been born as John Smith, and it wouldn't matter. This is not to be taken as confirmation or admission of anything, that will follow at a later stage. In the eyes of the law, my name is Alex Green."

Green has not responded to a request for comment, however in June he told IBTimes UKhe was "far from faceless".

"Many people have confirmed meeting me," he said. "I'm just fairly reclusive due to the constant threats and harrassment against myself and my team.

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Moolah Founder Alex Green: 'My Identity is Irrelevant'

Return of the Doge Car: Cryptocurrency back to sponsor No. 98 in Talladega

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Updated OCT 16, 2014 5:56p ET

The biggest upset in NASCAR this season? Well, it wasn't AJ Allmendinger winning at Watkins Glen or Aric Almirola taking the July Daytona race. No, clearly the biggest shocker this year was Josh Wise defeating Danica Patrick to win the fan vote and make it into the Sprint All-Star Race at Charlotte Motor Speedway.

Wise scored the upset because of one of the most unlikely partnerships in NASCAR history - the low-dollar Phil Parsons Racing NASCAR Sprint Cup Series team joining forces with online currency Dogecoin and the huge Reddit online community.

Dogecoin first sponsored PPR at Talladega Superspeedway in the spring and they will be back on the team's No. 98 Ford Fusion again for Sunday's GEICO 500 at the mammoth 2.66-mile central Alabama track.

The genesis of the partnership is fairly remarkable.

It began when 16-year-old reddit user Denis Pavel saw the all-black, unsponsored No. 98 in a race early this season. Impressed by the tiny teams effort, Pavel rallied the reddit community to use Dogecoin to raise sponsorship funds for Wise.And, of course, they flooded the all-star race voting, which allowed Wise to make into the big show over Patrick.

"I knew the online community was powerful, but I never expected this relationship to reach this level," said team owner Parsons. "As far as I know, this is the first online fundraising effort that has been able to fund sponsorship for a NASCAR team, and to think that we've been able to raise enough money for three races is incredible. We're hopeful that we'll be able to continue this partnership for many years to come as even more people from the Dogecoin community get involved with the program."

To that end, this week a collaborative website, TheDogeCar.com, launched "to share the story of the historical crowd funding effort that brought this sponsorship to life."

The site is selling merchandise to fund the team next year.

Available items include an "official Dogecar sponsorship coin" minted by Provident Metals, 2015 DogeCrew t-shirts, hoodies, and crew shirts. Preorders will be accepted through November 15, 2014, with the proceeds being applied to the 2015 race season.

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Return of the Doge Car: Cryptocurrency back to sponsor No. 98 in Talladega

Is bitcoin the cryptocurrency of the future what other cryptocurrencies are there – Video

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Is bitcoin the cryptocurrency of the future what other cryptocurrencies are there
Rodrigo #39;s Bitcoin start-up: http://www.blinktrade.com Apps, books courses for entrepreneurs: http://www.problemio.com In this video I ask Rodrigo whether B...

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Is bitcoin the cryptocurrency of the future what other cryptocurrencies are there - Video

Bitcoin survival relies on community ‘growing up’

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Summary: According to security experts, the cryptocurrency community needs to grow up in order to thrive -- and become more like the establishment it originally tried to break away from.

ISLE OF MAN The cryptocommunity needs to "grow up" if Bitcoin is going to flourish, according to a prominent member of the security community.

Interest in Bitcoin exploded after the 2008 recession. In 2012, there was a sharp rise in Bitcoin-based merchant services. Since this time, the cryptocurrency has become monetized due to rising demand, which peaked last year at over $1,000 for a single BTC. Many attempted to cash in, but the price fell by over 50 percent following the decimation of major Bitcoin trading post Mt. Gox.

Despite this, faith in virtual currency remains strong but could the lure of cryptocurrency's unstructured and unregulated system also be its undoing?

There are endless possibilities for cryptocurrency, and this is not limited to Bitcoin. Litecoin, Dogecoin and Peercoin to name but a few are also in the mix, and many individuals and businesses are working out how virtual currency will fit in to our future. Traditional financial institutions may underpin transactions using virtual currency, more individual power and privacy could end up in the hands of consumers, and underdeveloped nations may be able to use crypto to circumvent corrupt governments or to allow for easier payments and reduced transfer costs where traditional economies are volatile.

Bitcoin may have had its name tainted by association with underground marketplace Silk Road, but virtual currency's story doesn't have to end there.

Bruce Elliott, anexecutivefrom financial services firm Boston, told attendeesat the Crypto Valley Summit on the Isle of Man:

Bitcoin for us is a nice thing and a nice way to make money. For others, it's a matter of life and death and a way to transform their own lives [...] and control their own destiny.

In short, Bitcoin is more than a "scheme," as a recent report issued by the Bank of England implied.Within the report, the financial institution said that while Bitcoin had the potential to "disrupt monetary policy," the inherent volatility of the currency means crypto is not a threat to traditional currency and the "small size of such schemes" leaves virtual currency outside of the bank's notice.

However, in order for virtual currency to succeed, more is needed than ideas, glue and tape. Major ingredients including investment, security and regulation may also be necessary.

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Bitcoin survival relies on community 'growing up'