Category Archives: Cryptocurrency

How Cryptocurrency May Change Social Networks
We talk with Eric Yaverbaum of SavingAmerica on how the Reddit cryptocurrency announcement this week will change Social Networks.

By: Nerd Stalker

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How Cryptocurrency May Change Social Networks - Video

Cryptocurrency markets stabilise, while Blockchain receives funding and Overstock plans stock exchange(IBTimes UK)

Following a tumultuous few days for bitcoinand other cryptocurrencies, most major markets seem to have stabilised over the last 24 hours.

Bitcoin, litecoin and darkcoin all shifted by less than 1% in value since yesterday, while dogecoin saw some positive movement to take its market capitalisation back up above $27m.

Blockchain raises $30m

Bitcoin wallet firm Blockchain has announced record Series A funding, raising over $30m in capital in its first round of outside financing that included notable investors such as British entrepreneur Sir Richard Branson.

Blockchain is the largest provider of bitcoin wallets in the world, with over 2.3 million consumer wallets being downloaded since the company was founded in 2011.

"The company has grown exponentially in every way over the last 18 months," Peter Smith, president of Blockchain, said in a statement.

"We are honoured to add investors and partners to the team with deep expertise in financial services and consumer technology."

Overstock to create bitcoin-based stock market

Online retailer Overstock has announced it is working on a decentralised stock market based on the bitcoin block chain protocol.

Originally posted here:
Cryptocurrency Round-Up: Branson Backs Blockchain and Overstock Plans Bitcoin-Based Stock Market

Reddit is considering creating a cryptocurrency backed by shares of the company. These shares would then be redistributed back to the community in recognition of the role it has played in the sites success.

Or that at least is the plan for some of the $50 million the company raised in funding from a group of investors that include Sam Altman, president of Y Combinator, Alfred Lin of Sequoia Capital and Marc Andreessen of Andreessen Horowitz.

Other investors participating in the round, according to CEO Yishan Wongs blog post on the subject, include Peter Thiel, Ron Conway, Paul Buchheit, Jared Leto, Jessica Livingston, Kevin and Julia Hartz, Mariam Naficy, Josh Kushner, Snoop Dogg, and Yishan Wong.

The capital will be applied to a number of projects, Wong wrotethe company plans to hire more staff for product development, expand the community management team, build better moderation and community tools, work more closely with third party developers to expand its mobile offerings, improve the self-serve ad product, build out Redditgifts marketplace and invest in the infrastructure.

The investors also pledged to give back 10 percent of their shares to the community. In the comments section, Wong went into more detail about how that could occur.

We are thinking about creating a cryptocurrency and making it exchangeable (backed) by those shares of reddit, and then distributing the currency to the community. The investors have explicitly agreed to this in their investment terms.

Nothing like this has ever been done before. Basically we have to nail down how to do each step correctly (it is technically, legally, and financially complex), though in our brief consultation with an ex-SEC lawyer, he stated he could find nothing illegal about this plan. Nevertheless, there are something like 30 different things we have to pull off to make this work, so were going to try.

Wong freely acknowledges the plan could fail and if it does, its back to the drawing board for a plan to reward the community.

But it is unlikely Reddit would junk the entire project without salvaging something from it.

Last month Daily Dot noted that Reddit was seeking a cryptocurrency engineersomeone with a background in math or computer science to explore new technology applications and infrastructure involving the blockchain and cryptocurrency.

Original post:
Reddit's Cryptocurrency Could Have Many Uses - Forbes

Reddit May Issue Own Cryptocurrency
Reddit May Issue Own Cryptocurrency.

By: Io911

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Reddit May Issue Own Cryptocurrency - Video

Crypto Arbitrager Cryptocurrency Arbitrage Trading Robot
Crypto Arbitrager: http://tinyurl.com/cryptoarbitragerbot CryptoArbitrager - is a software solution that allows you to make money on the difference in rates of cryptocurrencies: bitcoin and...

By: Matt Schwartz

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Crypto Arbitrager Cryptocurrency Arbitrage Trading Robot - Video

Web We Want Festival | Amir Taaki on Cryptocurrency
BitCoin developer Amir Taaki spoke about his work on cryptocurrency and Dark Wallet an open source digital wallet for untraceable, anonymous online transactions. Web We Want Festival,...

By: Southbank Centre

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Web We Want Festival | Amir Taaki on Cryptocurrency - Video

BITNEWS: Reddit Closes $50 Million Raise And Goes After Its Own Cryptocurrency
Reddit Closes $50 Million Raise And Goes After Its Own Cryptocurrency Congratulations reddit! Get More Details Here: http://www.followthecoin.com/?p=3384 Lik...

By: Follow The Coin

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BITNEWS: Reddit Closes $50 Million Raise And Goes After Its Own Cryptocurrency - Video

Tapcoin | Community Designed Cryptocurrency
Take part in the design of a new cryptocurrency at http://tapcoin.me.

By: Tapcoin.me

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Tapcoin | Community Designed Cryptocurrency - Video

Playing online poker in the U.S. using cryptocurrency
My referral link if you are so inclined - https://pokershibes.com/?ref=natmccoy.

By: cryptopoker

Originally posted here:
Playing online poker in the U.S. using cryptocurrency - Video

Reddit is considering creating a cryptocurrency backed by shares of the company. These shares would then be redistributed back to the community in recognition of the role it has played in the sites success.

Or that at least is the plan for some of the $50 million the company raised in funding from a group of investors that include Sam Altman, president of Y Combinator, Alfred Lin of Sequoia Capital and Marc Andreessen of Andreessen Horowitz.

Other investors participating in the round, according to CEO Yishan Wongs blog post on the subject, include Peter Thiel, Ron Conway, Paul Buchheit, Jared Leto, Jessica Livingston, Kevin and Julia Hartz, Mariam Naficy, Josh Kushner, Snoop Dogg, and Yishan Wong.

The capital will be applied to a number of projects, Wong wrotethe company plans to hire more staff for product development, expand the community management team, build better moderation and community tools, work more closely with third party developers to expand its mobile offerings, improve the self-serve ad product, build out Redditgifts marketplace and invest in the infrastructure.

The investors also pledged to give back 10 percent of their shares to the community. In the comments section, Wong went into more detail about how that could occur.

We are thinking about creating a cryptocurrency and making it exchangeable (backed) by those shares of reddit, and then distributing the currency to the community. The investors have explicitly agreed to this in their investment terms.

Nothing like this has ever been done before. Basically we have to nail down how to do each step correctly (it is technically, legally, and financially complex), though in our brief consultation with an ex-SEC lawyer, he stated he could find nothing illegal about this plan. Nevertheless, there are something like 30 different things we have to pull off to make this work, so were going to try.

Wong freely acknowledges the plan could fail and if it does, its back to the drawing board for a plan to reward the community.

But it is unlikely Reddit would junk the entire project without salvaging something from it.

Last month Daily Dot noted that Reddit was seeking a cryptocurrency engineersomeone with a background in math or computer science to explore new technology applications and infrastructure involving the blockchain and cryptocurrency.

View original post here:
Reddit's Cryptocurrency Could Have Many Uses