Leaked Documents Suggest Mt. Gox Paid $200K to Parent Company in May

  Published on July 7, 2014 at 15:13 BST

Controversy surrounds a leaked report that bankrupt exchange Mt. Gox paid almost $200,000 in fees to its parent company, Tibanne K.K., after the exchange had filed for bankruptcy.

16,500 Retweets for Cash in Support of Ross Ulbricht

  Published on July 7, 2014 at 12:41 BST

Update (7th July 11.17 pm BST): The article has been updated with comments from Roger Ver.

Just two days ago, Bitcoin magnate Roger Ver offered to donate $10 for every retweet of his message supporting the Free Ross Ulbricht campaign – which aims to support the man allegedly behind defunct online drug market Silk Road. Now, Ver has announced that the donation limit has been reached.

CoinJelly Exchange to Offer Debit Cards, Insured Wallets

Published on July 7, 2014 at 12:11 BST

A new exchange and wallet service based in Australia and Hong Kong says it is building ‘bank-level’ services around bitcoin, designed to appeal to both serious traders and everyday travelers.

Overstock Dangles Rewards For Bitcoin-Friendly Vendors

Published on July 3, 2014 at 13:17 BST

Overstock hopes to encourage bitcoin use with a range of incentives for vendors who decide to accept payments in the digital currency.

MIT Bitcoin Project Announces First Round Competition Winners

Published on July 3, 2014 at 14:00 BST

The MIT Bitcoin Project has announced the winners of the first round of its BitComp competition, with three teams winning cash prizes.

BitComp, which launched last month, is a small MIT-wide competition aimed at encouraging bitcoin innovation among students.

Online Art Gallery Experiments with Bitcoin Payments

  Published on July 5, 2014 at 14:05 BST

Two artists want to take on the art world hierarchy with a website selling art with prices quoted in bitcoin.

The artists, Andy Boot and Valentin Rurhy, both based in Vienna, have started a website selling work by international contemporary artists. The twist is that its exhibitions are ephemeral. Cointemporary.com only features one artist every seven days, and there’s no way for buyers to purchase works if they missed the original showing.

Hong Kong Exchange Offers ‘Extreme’ Transparency

Published on July 6, 2014 at 13:00 BST

A new Hong Kong-based exchange is offering its customers unprecedented transparency mechanisms, including automatic proof-of-reserves tests, in a bid to shake up the cryptocurrency exchange sector.

Bitcoin: A Means for Global Independence

| Published on July 4, 2014 at 16:02 BST

With some research and a little technical aptitude, distributed forms of money such as bitcoin can be used as the digital equivalent of cash, offering the potential for anyone to theoretically bank themselves without relying on traditional financial institutions.

Additionally, innovative

بیت کوین چگونه کار می کند؟

خوب ، این سوالی است که گاهی سردرگمی ایجاد می کند. این جا یک توضیح سریع و مختصر داده می شود!

مبانی برای یک کاربر جدید

به عنوان یک کاربر جدید ، تنها نیاز دارید یک کیف پول انتخاب کنید که آن را بر روی کامپیوتر یا تلفن همراه

بیت کوین برای توسعه دهندگان

بیت کوین می تواند برای ساختن چیز های شگفت انگیز یا فقط برای پاسخ گویی به نیازهای عادی استفاده شود.

ساده ترین سیستم پرداخت وجه

پذیرفتن پول به سادگی اضافه کردن یک آدرس بیت کوین به یک وبسایت به عنوان بیت کوین است : لینک یا کد QR. مگر این که پرداخت به ارتباط با فاکتورهای اتوماتیک نیاز داشته باشد. این راه اندازی خیلی ساده در دسترس هر کاربری می باشد و می تواند نیازهای طیف وسیعی از مشتریان را

بیت کوین برای کسب و کار

بیت کوین راهی بسیار امن و ارزان برای مدیریت پرداخت ها است.

پایین ترین هزینه های موجود

امنیت رمزنگاری شده ی بالای بیت کوین به آن اجازه می دهد که تراکنش ها را در یک مسیر بسیار مؤثر و ارزان پردازش کند. شما می توانید با استفاده از شبکه بیت کوین در بیشتر موارد با هزینه ی صفر پرداخت ها را ایجاد و دریافت کنید. اگر مایل باشید که اولویت تراکنشی

بیت کوین برای افراد

بیت کوین آسان ترین راه برای تبادل پول با کم ترین هزینه است.

پرداخت ها از طریق تلفن همراه آسان شده است

بیت کوین بر روی تلفن همراه این امکان را به شما می دهد تا با دو مرحله ساده اسکن-و-پرداخت ، عملیات پرداخت را انجام دهید. نیازی به کشیدن کارت ، وارد کردن PIN ، یا امضای چیزی ندارید و تمام چیزی که برای دریافت پرداخت های بیت کوین نیاز دارید نشان دادن کد QR در نرم افزار

تعدادی از کلمات بیت کوینی که ممکن است بشنوید

بیت کوین یک روش جدید برای پرداخت ها ارائه کرده است و ، به عنوان مثال ، کلمات جدیدی هستند که ممکن است بخشی از واژگان شما بشوند. نگران نباشید ، حتی تلوزیون محقر هم کلمات جدید درست کرده است!

بیت کوین برای علاقه مندان

بیت کوین با دادن قابلیت کنترل روی پولتان به شما، در حال تغییر دنیای سرمایه گذاری است.

بیت کوین یک توافق جهانی است

به خاطر غیر متمرکز بودن ، طبیعت متن باز یا open-source ، بیت کوین اولین شبکه پرداختی است که توسط کاربرانش بدون قدرت مرکزی ، قدرت گرفته است. حتی توسعه دهندگان بیت کوین قدرت این که به روز رسانی های در پروتکل را اجبار کنند را ندارند اگر تعداد کافی از کاربران ، توسعه دهندگان ، یا ماینرها یا استخراج کنندگان نپذیرند. شما کنترل انحصاری بر روی کیف پولتان دارید.

درباره-بیت-کوین

کمی از تاریخچه

بیت کوین یکی از اولین پیاده سازی ها با مفهوم پول رمزگذاری شده است که اولین بار در سال 1998توسط Wei Dai در لیست پستی cypherpunks مطرح شد. مفهوم بالا روی این تصور بنا شده است که پول میتواند هر شیء یا هر نوع از رکورد باشد که به عنوان پرداخت برای کالاها و خدمات و بازپرداخت بدهی ها در کشور معین

European Banking Authority Issues Opinion Report on Virtual Currencies

The European Banking Authority on Friday released an “opinion” report on virtual currencies, which has just started to make its rounds across the crypto-community.

The 46-page report (which we have embedded below for your review) takes many different elements into account here, but also makes some statements that community members may find controversial.

From the report’s executive summary:

While there are some potential benefits of VCs [virtual currency], for example, reduced transaction costs, faster transaction speed and financial inclusion, these benefits are less relevant in the European Union, due to the existing and pending EU regulations and directives that are explicitly aimed at faster transactions speeds and costs and at increasing financial inclusion.

Expedia Bitcoin Sales Exceeding Company Expectations

Major online travel agency Expedia made a splash in the crypto-currency community recently when they announced they would be accepting bitcoin, and so far things are seemingly going well.

That’s according to a company executive, who recently spoke to CoinDesk. The company’s own Michael Gulmann, who services as Vice President of Global Product at the company, had the following to say:

Roger Ver Vows to Donate Funds For Retweets Related to Ross Ulbricht

Bitcoin evangelist Roger Ver is at it again. He’s not giving away a $20,000 bounty like it’s nothing though, but he is offering to donate to a cause relating to Ross Ulbricht.

I’ll give $10 to @Free_Ross for each RT. If guilty, he’s a hero. If innocent, he needs help. http://t.co/XwhqrN06UT pic.twitter.com/Oau4dkFvdV

— Roger Ver (@rogerkver) July 5, 2014

Ross Ulbricht is of course a famous name in the bitcoin community ever since he was arrested late last year in connection with the illicit Silk Road marketplace. Officials say that Ulbricht ran the marketplace covertly, yet Ulbricht himself maintains his innocence.

His family has established FreeRoss.org, a campaign which will help cover the costs for his legal defense. Of a $100,000 goal, the family has thus far managed to raise nearly $90,000.

And with Ver’s impromptu fundraiser, they are on track to meeting their financial goal. As of this writing, Ver’s tweet has received about 214 retweets. That’s a total of $2,140 going toward the legal defense fund.

Ulbricht wrote the following in a June 21 letter published on FreeRoss.org (in addition to the photo seen in Ver’s tweet).

The first thing they tell you when they arrest you is that what you say will be used against you, and they mean it. So I have to keep this brief. I’d just like to thank you for giving my Mom, Lyn, the chance to tell you about the situation I’m in and why the outcome of this legal battle will have a lasting impact on you and the rules you live under in this country.

One thing I’ve learned since beginning my tour of the federal criminal justice system is that these guys are not all-powerful. They can be beaten and precedent can be set that will limit their ability to infringe on our rights.

I urge you to stand by me and do what you can to turn this horrible situation into a win.

Ulbricht has pleaded not guilty to the charges against him and a trial is slated to commence on November 3rd.

By Eric Calouro July 5, 2014 15:34-newsbtc.com 

Man Who Mistakenly Sent 800 BTC to Mt. Gox Address Recovers His Bitcoins

Remember that post we had at the beginning of June that related to a man who mistakenly sent 800 bitcoins to the wrong address? If you haven’t, check it out here.

In brief though, we had happened was a user by the handle of ‘TheDJFC’ has created a post on social sharing website Reddit.com explaining his epic failure. Not only did he send his bitcoins to the wrong address, he sent them to an address belonging to defunct bitcoin exchange Mt. Gox.

Interestingly enough, however, the story has an update — and it’s a good one.

‘TheDJFC’ took to Reddit on the 4th of July to update the community, and he’s said that he’s managed to recover his 800 BTC.

According to the comments he made, it all came together with the help of a fellow Redditor, BTC China CEO Bobby Lee, the Bitcoin Foundation, a Law Firm in Tokyo, and would you believe it, even former Mt. Gox CEO Mark Karpeles.

As a thank you, TheDJFC has noted that he has donated 2.5 bitcoins to the aforementioned Redditor that helped him out, and adds that he will in the near future be making a donation to the Bitcoin Foundation.

When the story first broke last month, many in the community didn’t picture this type of ending. Sending money to Mt. Gox — after it collapsed no less — was thought to be like throwing money into the fire.

But thankfully for the TheDJFC, over $500,000 USD in the digital currency is in his possession again, and we’re willing to bet he’ll be triple-checking where he’s sending money to next time!

Prof. Mark T. Williams: “My Concerns Over Bitcoin Remain”

The chatter on social media surrounding December 2013 comments by Boston University Professor Mark T. Williams (better known inside the community as ‘Professor Bitcorn’) is as loud as ever as we begin the second half of 2014.

Williams had taken to business publication Business Insider to voice his concerns over the digital currency, which was at the time just out of a massive bubble and an all-time high.

“I predict that Bitcoin will trade for under $10 a share by the first half of 2014, single digit pricing reflecting its option value as a pure commodity play,” he wrote in a piece entitled FINANCE PROFESSOR: Bitcoin Will Crash To $10 By Mid-2014.

Yet here we are, smack-dab in the middle of the year, and bitcoin isn’t trading anywhere near $10 per coin as Williams predicted. In fact, the price at the Bitstamp exchange is over eight percent up in the past three days, hovering over $640 at the time of this writing.

Perhaps with the off-the-mark prediction we might see some level of a prediction change from Williams? Not exactly.

I caught up with Williams [who's presently in Istanbul] on Tuesday evening to find out just where he stands on the subject. As it were, Williams told me his “concerns over bitcoin remain,” not surprisingly.

“In April I provided a 30 page congressional testimony listing my various risk concerns,” the professor pointed out (you can find it here or embedded below). “Bitcoin is in a hyper bubble and will implode.”

In that testimony, Williams reaffirmed his concerns with the digital currency, outlining what he called “unaddressed” risks on a number of different fronts.

“Bitcoin is in a hyper bubble and will implode,” Williams told me. “Since my prediction in 2013 Bitcoin has dropped by 50 percent. In February during the flash crash a trade of 6,000 coins momentarily pushed the price down by over 80 percent to a low of $102. Bitcoin is extremely volatile. It is 7 times riskier than gold, 8 times riskier than S&P 500 and 15 times riskier than the US Dollar.”

During our exchange, the Professor also commented on this past Friday’s Marshals auction, which saw the sale of over 29,000 bitcoins seized from the illicit Silk Road marketplace in late 2013.

“The market is also thinly traded and this is why the U.S. Marshals Service held a private auction instead of selling on a public exchange such as [BTC-e]. If the government had dumped over 29,000 e-coins on the public market, prices would have plummeted,” he said.

Meanwhile, on social media, the bitcoin community has taken to make light of Williams’ [so far] inaccurate prediction. From Williams’ prospective, however, the bottom line is clear.

“The Bitcoin market remains unhealthy and extremely hazardous to investor financial health,” he concluded.