Category Archives: Cryptocurrency

Star Citizen LTI Life Time Insurance Cryptocurrency
Ready for the deal of a Life Time? Life Time Insurance on your Star Citizen Ships that is, this weekend is going to see a huge insurgence of LTI ships! Also we talk about Star Citizen Ships...

By: BoredGamer

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Star Citizen LTI Life Time Insurance & Cryptocurrency - Video

Cryptocurrency Juggling
Yet another interesting activity made possible by Coinographic #39;s unique collectible coins. For more information, visit http://coinographic.com.

By: Chronos Crypto

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Cryptocurrency Juggling - Video

The price of bitcoin continues to languish below $350 as cryptocurrency markets stagnate.(IBTimes UK)

The price of bitcoin has been relatively stable over the last 24 hours, but remains at its lowest level for three weeks.

There was little movement across other cryptocurrency markets, with the only significant movement coming from darkcoin. The privacy-centric altcoin saw a 6% rise in value to take its market capitalisation to $8.5m (5.32m).

One of the biggest movers across all markets was carboncoin, the "energy efficient cryptocurrency devoted to lowering the concentration of carbon dioxide in the atmosphere". It saw a 70% price rise since yesterday.

MintPal prepare legal action against Alex Green

The saga surrounding former Moolah chief executive Alex Green, who previously went by the name Ryan Kennedy, could soon be entering a court of law, as bitcoin exchange MintPal look to raise funds to mount a legal case against him.

In a statement released on Pastebin, MintPal detailed the criminal activity that it claims Green has carried out, including the theft of around 4,000 bitcoins in user funds.

"The law firm we have been working with is Selachii LLP, and I am looking into the possibility of raising $25K to cover the remaining costs in our legal battle against Ryan," the statement said.

"A bitcoin wallet has been set up for this and will remain in the custody of one of the most trusted members of crypto community, CryptoCobain (aka Jordan Fish), who has offered escrow and lent his support in our efforts of bringing Mintpal back.

"If we are successful, the legal fees will be awarded against Ryan Kennedy and the bitcoins donated to cover the legal fees will be returned to the donors."

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Cryptocurrency Round-Up: MintPal CrowdFunds Legal Case Against Alex Green Over Missing Bitcoins

Academics claim "bitcoin over Tor isn't a good idea", while bitcoin exchange Kraken launches.(IBTimes UK)

Bitcoin and other major cryptocurrencies have continued to see their prices slide, with nine out of the top ten most valuable mineable altcoins all falling over the last 24 hours.

The negative movement was felt most keenly by darkcoin, which saw its market capitalisation fall from around $9 million to $7.5 million in the space of just a few hours yesterday.

Bucking the trend was cannabisdarkcoin with a 65% rise in value. It is still early days for cannabisdarkcoin, having only launched on 24 October, however it is already among the top 100 most valuable cryptocurrencies.

'Bitcoin over TOR isn't a good idea'

Academics from the University of Luxembourg have claimed that using bitcoin over anonymous browsers like TOR could create an attack vector for 'man-in-the-middle' and double-spend attacks.

In a paper titled Bitcoin over TOR isn't a good idea, Alex Biryukov and Ivan Pustogarov reiterate previous criticisms about bitcoin relating to its lack of anonymity, but also highlight issues with using it over networks widely regarded to be private and secure.

"A low-resource attacker can gain full control of information flows between all users who chose to use bitcoin over Tor," the paper states."In particular the attacker can link together user's transactions regardless of pseudonyms used, control which bitcoin blocks and transactions are relayed to the user and can delay or discard user's transactions and blocks.

"In collusion with a powerful miner double-spending attacks become possible and a totally virtual bitcoin reality can be created for such set of users."

Kraken exchange launches in Japan

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Cryptocurrency Round-Up: Bitcoin on Tor Puts Users at Risk of Attack, Kraken Launches

Gold Cryptocurrency (Bicoin - GCR Coins - by Crazy Jersey Joe Mina
Real #Gold #Money and #Cryptocurrency as in #Bitcoin #Global #Coin #Reserve .. Gold as Money Financial Independence - Freedom - Webinar presentations at 12 N...

By: Joe Mina

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Gold & Cryptocurrency (Bicoin - GCR Coins - by Crazy Jersey Joe Mina - Video

MOSCOW, September 22 (RIA Novosti) The value of Bitcoin stood at almost $400 as of Monday, September 22, with more and more people and businesses turning to the cryptocurrency because of the speed and low cost of bitcoin transactions.

Bitcoin was first introduced in 2009. Unlike the US dollar, or any other traditional currency, bitcoins aren't printed or backed by a central government. They are created by individuals and businesses using high-powered computers. Creators of bitcoins are allowed to keep some of what they create as payment for the service. The rest is sold on unregulated online exchanges.

After purchasing a bitcoin, the buyer gets two strings of numbers called a public key and a private key. For encryption and convenience purposes, the numbers are often expressed as letters and digits. The public key is the number a person must know in order to send bitcoins to a given individual. The private key is the number that only you are supposed to know. By "signing" a transaction with their private key, a user authorizes the movement of all or some of the bitcoins from their trading account, or virtual" wallet," into another.

CoinDesk, an online publication that tracks digital currencies, estimates that by the end of this year there will be eight million bitcoin "wallets," and 100,000 companies that accept bitcoins.

All bitcoin transactions are instantly published in a ledger so that anyone can keep track of the overall money supply. The ledger floats on a collaborative online document, rather than a centrally managed account. Users have adopted this mechanism for shopping, transferring money and speculation.

For users, the perceived value of Bitcoin, or any other cryptocurrency, can be compared to the price of a tool in limited supply. Demand is fueled by parties interested in peer-to-peer forms of payment that don't involve banks and other intermediaries, making such payments cheaper and faster. For investors, a cryptocurrency becomes attractive the more popular it proves to be among users.

Other virtual currencies, such as Litecoin, Namecoin, Peercoin and Ripple, have developed out of the bitcoin technology and have added improvements on that platform. Litecoin is the second-largest cryptocurrency in terms of market capitalization.

Investors don't have to mine coins or speculate on the exchanges to make money in cryptocurrencies. Some observers recommend investing in companies that use or service cryptocurrency and other peer-to-peer payment forms.

These include companies that process payments, including Colored Coins or Ripple Labs Inc., with open-source protocols that allow users to trade anything of value instantly online for virtually no cost. These companies are in the early stages of development and so, by and large, are not publicly traded.

The most notable danger associated with bitcoin transactions is fraud.

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Factbox: Bitcoin Investments

Michele Marchesi: Using an Artificial Financial Market for studying a Cryptocurrency Market 1/2
http://bitcoinference.com/2014/Michele-Marchesi.html Bitcoin chat here: http://chat.bitcoinference.com/

By: Bitcoinference

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Michele Marchesi: Using an Artificial Financial Market for studying a Cryptocurrency Market 1/2 - Video

CryptoCurrency Foundations Explained
In this video I explain what a foundation is and how it can be useful to all cryptocurrencies. I then talk about and reference the Bitcoin Foundation, as wel...

By: GamersGoneTech

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CryptoCurrency Foundations Explained - Video

CryptoCurrency: Boot Strap Files Explained
Hey guys, It #39;s Jason and today I will be explaining what a bootstrap.dat file is and how it operates. I will be disuesssing how it allows for speedy up to date block chain data set with out...

By: GamersGoneTech

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CryptoCurrency: Boot Strap Files Explained - Video

Bitcoin is experiencing a quiet comeback in China following months of unfavourable regulation(IBTimes UK)

The price of bitcoin has slid once again over the weekend, falling back down below $350 (217) for the first time since its crash earlier this month.

Other major cryptocurrencies, including dogecoin, peercoin, namecoin and darkcoin, also saw their prices fall by a similar 1% to 3% margin since Friday 24 October.

Cannabisdarkcoin was the biggest mover across all markets. The cryptocurrency, which launched earlier this month, saw its value surge by 180% in the last 24 hours.

Australia-based cryptocurrency company Independent Reserve has launched a bitcoin exchange in Sydney, claiming it is faster than other exchanges.

"As an Australian you'll be able to open an account and be verified in minutes," said Adrian Przelozny, chief technology officer of Independent Reserve.

Przelozny believes bitcoin is not far away from breaking fully into the mainstream, with around 76,000 merchants accepting the cryptocurrency around the world.

He said: "eBay is about to start accepting Bitcoin, you can buy a holiday on Expedia using Bitcoin, and you can buy a computer from Dell using Bitcoin."

Following months of unfavourable bitcoin regulation in China, the cryptocurrency is making a quiet comeback in the country, according to China's 21st Century Business Herald.

The ban on trading bitcoin introduced by China's central bank was seen as one of the main factors in bitcoin's price crashing earlier this year.

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Cryptocurrency Round-Up: Bitcoin's China Resurgence and Independent Reserve Launches Exchange