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Cryptocurrency

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The Bitcoin Revolution Hits Africa

The virtual currency straight up: computer money created by an anonymous hacker in 2009 has captured hard-core geeks hearts. Its appeal? It enables bank-free (aka middleman-free) anonymous purchasing and, crucially, its a global currency thats not tied to any central bank and not much different than a dollar or a euro. The key characteristics of this digital cash also happen to make it a great fit for people who arent so down with advanced digital technology: the 326 million Africans who lack access to basic banking services. This isnt such a crazy idea. Mobile payments that work on standard-feature phones have already made strong inroads in Africa, with 16 percent of Africans using the services. The largest provider of such payments, M-Pesa, already operates in Kenya, Tanzania and South Africa, as well as India and Afghanistan. READ THE FULL STORY

The Silk Road, for all its clever uses of security protections like Tor and Bitcoin to protect the sites lucrative drug trade, still offered its enemies a single point of failure. When the FBI seized the server that hosted the market in October and arrested its alleged owner Ross Ulbricht, the billion-dollar drug bazaar came crashing down. If one group of Bitcoin black market enthusiasts has their way, the next online free-trade zone could be a much more elusive target. READ THE FULL STORY

Bitcoin may be the future of digital money, but it has a big problem here in the United States: why use it to buy anything when millions of merchants already accept debit and credit cards? Today, if you want to buy a bottle of lemonade with bitcoins, you need to scan a QR code with your phone or email a long bitcoin address to the seller. For most people, buying with bitcoins just isnt as easy as Visa or MasterCard. READ THE FULL STORY

ByPatrick Howell ONeillonApril 19, 2014 Never has there been a more confident, carefree group of drug users than those buying and selling on theSilk Roadin the weeks leading up to April 20, 2012. Hot off the infamous black markets first birthday celebrations, those hazy-eyed optimists were busy getting ready for what seemed would be the greatest4/20sale of all time. A feeling of invincibility permeated the Road and all who walked it. If the cops hadnt shut her down yetafter all the media attention the black market had receivedthen they might never come. This party didnt have to end. READ THE FULL STORY

Reuters | Updated: Apr 19 2014, 16:53 IST Mark Karpeles, the chief executive of Mt. Gox, said he would not come to the United States to answer questions about the Japanese bitcoin exchanges U.S. bankruptcy case, Mt. Gox lawyers told a federal judge on Monday. In the court filing, Mt. Gox lawyers cited a subpoena from the U.S. Department of Treasurys Financial Crimes Enforcement Network, which has closely monitored virtual currencies like bitcoin. READ THE FULL STORY

Cryptocurrencies will create a fifth protocol layer powering the next generation of the Internet,saysNaval Ravikant. Our 2014 fund will be built during the blockchain cycle,concursFred Wilson. And Andreessen Horowitz have very visiblydoubled downon Bitcoin. Even if you dont believe in Bitcoin as a currency, and Ill grant theres plenty to be skeptical about, you should be thinking:huh, a lot of extremely smart and successful people think that its underlying technology is a pretty big deal. But as I wrote myselfjust a few weeks ago, theres a big difference between blockchain technology and Bitcoin itself, right? READ THE FULL STORY

BYKIM ZETTER The dark web just got a little less dark with the launch of a new search engine that lets you easily find illicit drugs and other contraband online. Grams, which launched last week and is patterned after Google, is accessible only through the Tor anonymizing browser (the address for Grams is: grams7enufi7jmdl.onion) but fills a niche for anyone seeking quick access to sites selling drugs, guns, stolen credit card numbers, counterfeit cash and fake IDs sites that previously only could be found by users who knew the exact URL for the site. READ THE FULL STORY

The Monday night meetings at New York Citys Bitcoin Center hardly seem the stuff of a revolution. Wielding smartphones and computers, the mostly male, mostly under-30 revolutionaries stand in the middle of a cavernous space in the shadow of the New York Stock Exchange. Their mission is to spread the gospel of bitcoin, which they believe has the power to upend the global financial system. READ THE FULL STORY

PostedyesterdaybyCatherine Shu BTC China, one of the worlds largest bitcoin exchanges by trading volume, released a new mobile-friendly Web app called thePicasso ATMtoday. The Picasso ATM allows users around the world to exchange the digital currency for cash without having to find a physical ATM. To use Picasso ATM, bitcoin owners first load the currency into BTC Chinas Picasso Wallet and then sell it through the Web app. Buyers can then immediately confirm transactions on their smartphones. The app is targeted at casual bitcoin users as well as businesses and store owners, who can set their own profit margins on the currency like owners of physical ATM machines. READ THE FULL STORY

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Cryptocurrency

Coin Pursuit Launches SliceFeeds Interactive Cryptocurrency Network

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Austin, Texas (PRWEB) May 02, 2014

Recently, the Coin Pursuit cryptocurrency information website has established a reputation within the industry as a no-nonsense resource for digital currency traders and enthusiasts. Their development team has been working on a unique interactive element for their website, designed to complement the original content and resource links Coin Pursuit already provides. Now that beta testing and tweaking have been completed, the company is announcing the official launch of this new service being offered to their readers. They have named it SliceFeeds.

SliceFeeds has a social media network feel to it, with similar personal connectivity features. Whereas many digital currency forums often have long threads where specific and unbiased information is difficult to find, SliceFeeds is being offered up as a cleaner and more efficient alternative. Additionally, it is positioned as a network strictly for cryptocurrency traders and merchants, eliminating the need for users to sort through unrelated or irrelevant information, as they would on the more generalized social media outlets. It offers a tight and focused community setting, where investors, enthusiasts and businesses can learn and educate one another, as well as promote their products and services.

Some of the major features of the network are as follows:

Network Rankings: SliceFeeds' main page features tables that show, by category, the popularity of digital currency types, wallets and exchanges, and these are updated in real time as members make changes to their personal preferences. User rankingswhich are generated by several factors, such as their number of followers, overall activity and so forthare shown here, as well. Users who earn higher rankings will enjoy higher visibility on this page, which can help generate more interest in their input.

SliceFeeds also has a unique rumor-ranking feature; if a member hears a rumor, they can submit it to their fellow members, who can then vote on its validity. Rumors that have been verified by the network's membership, based on a percentage of members, will appear in their own ranking table here; debunked rumors will not make the listings at all. Other tips, conversations, links and videos from all members show in this public feed for users to interact and find other members to follow.

Profile Creation: Once a user joins the networksigning up is freethey can adjust several settings on their profile page, effectively creating their own personal network-within-the-network. Privacy settings will allow them to select who sees what they post, from the general public down to just the people who subscribe to their feeds. These settings can be set individually for each category of posts (or Slices, in the network lingo) a user makes, including notes, tips, rumors, conversations, links and videos. From their profile page, they can create slices (similar to a tweet in Twitter) and watch the Slices of the people they follow, arrange their favorite currencies, exchanges and wallets, track their Slice feeds, and see a listing of the people they follow and who follow them.

Monetization: The SliceFeeds network presents a unique opportunity for the monetization of information, goods and services. Since its membership consists of those interested in alternative currencies, it also offers a concentrated and motivated base of customers for sellers who accept them as payment. Merchants can advertise their companies and wares, and bloggers and trading consultants can charge for subscriptions to their more exclusive content.

Privacy and Security: These are very important concepts in the cryptocurrency community. SliceFeeds' only requirements for membership are a user name and valid email address; no other personal information is required to set up an account. Additionally, no coins are stored on Coin Pursuit or SliceFeeds servers; all transactions are made directly between members. Users who offer subscriptions will need to use their public keys in order to do so, but they are not required for general membership. Absolutely no member information will be shared with any outside parties.

Members will also be able to take advantage of the private messaging system on SliceFeeds. They simply select another member's profile, and click on the Message User button provided on that member's profile page.

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Coin Pursuit Launches SliceFeeds Interactive Cryptocurrency Network


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