Category Archives: Cryptocurrency

BitCoin, LiteCoin, etc.

Cryptocurrency Hackathon will talk Bitcoin, Dogecoin and …

Posted on by

Whether you're well-versed in the ways of Bitcoin or you're a fan of the "Doge" meme and can't quite believe it inspireda form of digital currency,theCryptocurrency Hackathonat the Madworks Coworking Space is the occasion to dig deeper.

The Hackathon will run similar to a Startup Weekend, said Brian Samson, who is overseeing the event. Rather than focusing on jump-starting a business, though, the goal of participants will be to create and complete a tech project.

The winner of the Hackathon will receive one bitcoin valued currently at about $850.

"All day long, we'll be focused on making cool stuff writing software, doing a project," Samson said.

The event is scheduled to run from 8 a.m.-9 p.m. on Feb. 15, at the Madworks Coworking Space, 550 S. Rosa Road, Suite 225. The entry fee is $5 (or 0.005887 BTC), which includes registration, some Dogecoins and breakfast, lunch and dinner. Participants can pay via credit card, or with Bitcoin, Dogecoin or Litecoin.

The Hackathon is designed for people who know how to write code and are interested in learning more about cryptocurrency, Samson said. But for people who aren't well-versed in programming, there's another option.

After announcing the event, interest grew among non-coders who had a general interest in learning more about cryptocurrency. Because of that, the organizers decided to host an "unconference" that will run parallel to the Hackathon.

"While people are writing code and hacking on stuff, were going to have some of the other conference rooms, giving little talks," Samson said. "An intro to what is cryptocurrency, how does it work."

The first cryptocurrency to begin trading was Bitcoin, in 2009. The digital exchange medium has grown in popularity in recent years, with a number of "altcoins" some serious, like Litecoin, and some based on jokes, like Dogecoinand the recently shut-down Coinye West entering the market.

But even the joke-coins can have some serious real-word impact. Although Dogecoin was inspired by a Shiba Inu who thinks in Comic Sans, it's also sending athletes from India and Jamaica to the Olympics. An effort to fund the Jamaican bobsleigh team's travel expenses surpassed its $30,000 goal in one day, with more than 26 million DOGE donations. A separate effort netted more than $6,000 and will send two skiers from India to the games.

View post:
Cryptocurrency Hackathon will talk Bitcoin, Dogecoin and ...

Dogecoin Kiss: An original song about the world’s friendliest Cryptocurrency – Video

Posted on by


Dogecoin Kiss: An original song about the world #39;s friendliest Cryptocurrency
Yep, I went there. Tips would be exceptionally rad: DCct4JvNvRqSZmGaPxnkGG7wFKqfjN62ht Facebook: facebook.com/katiephammusic Twitter: twitter.com/katiepham T...

By: Katie Pham

View original post here:
Dogecoin Kiss: An original song about the world's friendliest Cryptocurrency - Video

Cryptocurrency Hackathon will talk Bitcoin, Dogecoin and more for coders and novices

Posted on by

Whether you're well-versed in the ways of Bitcoin or you're a fan of the "Doge" meme and can't quite believe it inspireda form of digital currency,theCryptocurrency Hackathonat the Madworks Coworking Space is the occasion to dig deeper.

The Hackathon will run similar to a Startup Weekend, said Brian Samson, who is overseeing the event. Rather than focusing on jump-starting a business, though, the goal of participants will be to create and complete a tech project.

The winner of the Hackathon will receive one bitcoin valued currently at about $850.

"All day long, we'll be focused on making cool stuff writing software, doing a project," Samson said.

The event is scheduled to run from 8 a.m.-9 p.m. on Feb. 15, at the Madworks Coworking Space, 550 S. Rosa Road, Suite 225. The entry fee is $5 (or 0.005887 BTC), which includes registration, some Dogecoins and breakfast, lunch and dinner. Participants can pay via credit card, or with Bitcoin, Dogecoin or Litecoin.

The Hackathon is designed for people who know how to write code and are interested in learning more about cryptocurrency, Samson said. But for people who aren't well-versed in programming, there's another option.

After announcing the event, interest grew among non-coders who had a general interest in learning more about cryptocurrency. Because of that, the organizers decided to host an "unconference" that will run parallel to the Hackathon.

"While people are writing code and hacking on stuff, were going to have some of the other conference rooms, giving little talks," Samson said. "An intro to what is cryptocurrency, how does it work."

The first cryptocurrency to begin trading was Bitcoin, in 2009. The digital exchange medium has grown in popularity in recent years, with a number of "altcoins" some serious, like Litecoin, and some based on jokes, like Dogecoinand the recently shut-down Coinye West entering the market.

But even the joke-coins can have some serious real-word impact. Although Dogecoin was inspired by a Shiba Inu who thinks in Comic Sans, it's also sending athletes from India and Jamaica to the Olympics. An effort to fund the Jamaican bobsleigh team's travel expenses surpassed its $30,000 goal in one day, with more than 26 million DOGE donations. A separate effort netted more than $6,000 and will send two skiers from India to the games.

See more here:
Cryptocurrency Hackathon will talk Bitcoin, Dogecoin and more for coders and novices

Think Bitcoin is Expensive? Try 42 Coin, The £100,000 Cryptocurrency

Posted on by

42 Coin

42 Coin is the cryptocurrency priced at more than 100,000.

If you thought bitcoin was expensive at 500 per virtual coin, you should probably brace yourself - because a new cryptocurrency called 42 Coin is valued at more than $185,000 (115,000) per coin.

As the name suggests, just 42 of the coins will ever be mined - compared to 21 million bitcoins in total, of which 12.3 million are now in circulation - and so far just 1.21 coins exist, with users each owning a tiny fraction of it.

But any hopes of a cryptocurrency hugely more valuable than bitcoin being more stable were dashed almost immediately, as 42 Coin's value tumbled from over $800,000 at its launch on 14 January, to $185,500 at the time of publication.

The currency's creator, who uses the name Hendo, claims 42 Coin is unique because it is unlikely that one person will ever own a whole one - but more than that, the currency is engineered to be faster than bitcoin. Where bitcoin transactions can take several minutes, 42 Coin takes - perhaps unsurprisingly - 42 seconds.

A currency for purchasing gold and silver

Speaking to IBTimes UK, the developers behind 42 Coin claim the currency could be "exchanged for valuable goods and services...[it] could be used towards gold or silver - this is actually in the works as we speak."

The developers claim their cryptocurrency could also "be traded for collectors' items, hidden gems, and real-life assets like cars and houses."

Denoting the meaning of life, according to The Hitchhiker's Guide to The Galaxy, the number 42 in this case relates to the number used by 1950s American baseball player Jackie Robinson.

Continue reading here:
Think Bitcoin is Expensive? Try 42 Coin, The £100,000 Cryptocurrency

U.S. Treasury Goes Easy on the Bitcoin

Posted on by

No federal licenses required to mine or trade, although state licenses may soon be necessary

Bitcoins are a popular decentralized digital "cryptocurrency", an encryption-based form of virtual currency. Based on proof-of-work on the SHA-256d hash, the digital payment form pioneered the field for later cryptocurrency, when it was launched by a programmer or group of programmers calling themself "Satoshi Nakamoto". Even with the emergence of several competitors, Bitcoins remain the world's most-used cryptocurrency, with the current global pool of Bitcoins estimated to be worth $10.89B USD at current exchange rates.

For all the excitment, it's a rather confusing time for those who mine or invest in Bitcoin, in terms of what to expect in the U.S. in terms of taxation and regulation.

I. "Clairifications" Answer Some Questions, Raise Others

Currently federal taxation of Bitcoin income is anything but clear. Bitcoins' backers are still in the dark in the U.S. as to whether the U.S. will treat the popular cryptocurrency like a foreign currency (less taxes) or like capital gains from investment (more taxes).

Regulation on a federal level is a bit more clear. The U.S. Senate scrutinized the cryptocurrency late last year in Nov. 2013, but declined to regulate it.

This week the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) release a pair of announcements following in the Senate's line, stating that it would not regulate the majority of Bitcoin users. Comments the federal agency:

The second states that a company purchasing and selling convertible virtual currency as an investment exclusively for the companys benefit is not a money transmitter.

The rulings further interpret FinCEN's March 18, 2013 Guidance to address these business models.

FinCEN Bitcoin Jan Clarification Release 1 by jasonmick

Go here to read the rest:
U.S. Treasury Goes Easy on the Bitcoin