Bitcoin mining today is dominated by mining pools. These mining pools arguably have a strong hold on the Bitcoin network, but also on their own participants. Since mining pools typically operate with little transparency, participants must issue a lot of trust in pool operators not to cheat them out of Bitcoin. Czech Republic-basedSlush Pool – […]
The Securities and Exchange Commission is seeking more than $10 million from the cryptocurrency mining firms GAW Miners and ZenMiner.
Bitcoin Press Release: Bitcoin Gambling and Gaming are industries that have experienced a lot of growth these past few years – and for good reason. They leverage systems that are provably fair compared to traditional gaming, and multi-signature combined with other can security make them safer than online alternatives. Many online gaming enthusiasts have come away […]
An app called Hotspot allows bar and restaurant patrons in Seattle, Washington to earn discounts on drinks when paying with bitcoin, according to GeekWire. It also allows the establishments to accept bitcoin payments. The merchant incurs a transaction fee of a half to one percent compared to 3 to 4 percent credit cards charge in fees. […]
South Korea’s KB Kookmin Bank is developing a blockchain remittance solution with the aim of ushering in “safer and faster” foreign exchange services.
Estonia’s Supreme Court began a public hearing on the case of Dutchman Otto de Voogd, a Bitcoin entrepreneur, who is facing fines upward of €32,000 and jail time for not disclosing information about his Bitcoin associated clients. In a case that began 2 years ago, Voogd was repeatedly questioned for data in regards to his […]
A months-long legal dispute involving distributed ledger tech startup Ripple and its co-founder Jed McCaleb has come to an end.
Earlier this week Bitcoin Magazine reported that the Linux Foundation announced technical updates to the new Hyperledger Project, a formal open governance structure, as well as new members from across the industry. The Hyperledger Project wants to develop a new open source blockchain separated from the Bitcoin blockchain. Digital Asset Holdings, the fintech startup headed […]
The reward for mining Bitcoin is expected to see the second halving in its history later this year, potentially in June or July. Bitcoin, a deflationary store of value as opposed to reserve currencies and fiat-money, has had its total supply limited to 21 million bitcoins since the original code released by Satoshi Nakamoto in […]
This post is by Krystle Vermes. The cryptocurrency industry has delivered new technology to the world of luxury commerce, and it’s helping weed out the fakes. It may seem like a frivolous concern, but counterfeit goods are big business. Stopping them is a significant business cost for manufacturers of the real thing. And for consumers […]