Blockchain Technology Solutions(BTCS) has announced the purchase of a new, 83,000 square foot mining facility with the intention to fill it with 550 TH/s worth of hashing power, purchased by hardware manufacturer Spondoolies. They expect the mining equipment to go online in the next two to four weeks and they expect it to represent a 161 …
It appears Reddit has decided against making its own cryptocurrency. As previously reported by multiple media outlets, the company was strongly considering it. Ryan X Charles was reportedly hired to help Reddit develop its own cryptocurrency. Previous to Reddit he was working at BitPay, according to his LinkedIn page. Charles appeared very enthusiastic about the …
Reddit ‘Lets Go’ of Cryptocurrency Developer, Bitcoin Not In ‘Near Future’ Read More »
When it comes to mining, cooling down the mining hardware is one of the most important factors in improving efficiency and hash rates. As mining difficulty increases, temperature is more and more important, which is why some mining farms have been moved to arctic locations to deal with increasing heat. Why Allied Control? BitFury wants …
In a move unlikely to surprise many, today mining hardware manufacturer Cointerra announced that they’re unable to pay their current debts and have filed for chapter seven bankruptcy. Today’s announcement, displayed on the company’s home page follows a recent lawsuit by C7 Data Centers. The company, one of hundreds listed in their bankruptcy petition, filed …
New York’s lawmakers are striving to create environment where bitcoin-based startups can thrive inside a regulated, safe framework. A new regulated exchange aims to sit within that framework and bring bitcoin to American investors. Gemini will be a brand new, fully regulated exchange that aims to boost consumer confidence and give bitcoin a more credible …
Winklevoss-Led, Regulated Bitcoin Exchange to Launch Read More »
Since its 1987 beginning, the Austin, Texas music festival, SXSW, has become world renowned for featuring the newest and coolest bands. The conference has since expanded into film and technology, in addition to the music festival. The 9 day event now features a plethora of movies, startups and bands. Last year Bitcoin played a noticeable …
As reported over the weekend, Zeushash, the cloud mining operation of Chinese hardware manufacturer Zeusminer were facing uncertainty over their cloud mining service due to the low price of Bitcoin rendering the service unprofitable. As per their terms and conditions, contracts would be frozen if daily payouts of GHS weren’t able to cover maintenance fees for …
Filip Roose and his Belgium Company Orillia, have been working to spread the gospel about accepting Bitcoin by installing Bitcoin ATMs in Belgium. The company has plans to expand in the near future to Europe, Latin and North America. Roose talked with CoinJournal about Bitcoin ATMs and their place in the industry as well as …
Although the days of massive bitcoin thefts are not behind us, better security solutions are slowly making their way to market. As we saw with the recent theft from Bitstamp’s hot wallet, even the largest, most-experienced players in the bitcoin space can have trouble securing their own bitcoins. Having said that, there have been a …
ChangeTip, a Bitcoin microtransaction company, has expanded their tipping tool to Facebook, the biggest social media platform. Facebook’s billions of users will now be able to send bitcoins to each other, even if they are just worth pennies, to show appreciation for posts. The announcement was made at the North American Bitcoin Conference Miami, where …
ChangeTip Brings Bitcoin Microtransactions To Facebook Read More »
Washington Post “Wonkblog” writer Matt O´Brian wrote a scathing criticism of Bitcoin in the column on January 14, 2015 that called Bitcoin a Ponzi scheme, implying that venture capitalists who were investing millions in the protocol were merely trying to sell a pipedream to cover their investments. O´Brian suggests that the recent price losses will …
The Washington Post Calls Bitcoin a Ponzi scheme Read More »
In the same week that CEX.IO announced that they are temporarily suspending their cloud mining service due to the low cost of Bitcoin rendering it unprofitable, ZeusHash, the cloud mining service offered by hardware manufacturer Zeusminer have followed suit announcing on their blog that they may also be forced to suspend their cloud mining operations, …
2014 was – to say the least – an interesting year for bitcoin mining. First, there was the worry that Ghash.io would be able to pull off a 51% attack on the bitcoin network early in the year. Near the end of the year, we saw – as minor as it was – bitcoin’s first …
Industry Experts Share Their Thoughts on Bitcoin Mining Centralisation in 2015 Read More »
The new messaging app, SendChat, will be opening its doors to cryptocurrencies within the next few weeks. SendChat users will be able to send, receive, exchange cryptocurrencies for fiat currencies and even conduct in-app shopping through Telegraph, the open source messenger network. Users will be able to transfer Send Bitcoin, Sendcoin, Dogecoin and Darkcoin after …
SendChat Allows Users to Send Cryptocurrencies with Ease Read More »
CoinTerra’s business has been frozen because of multiple lawsuits filed against it. The hardware and cloud mining company says they are waiting for the courts to decide whether it will continue trading. Secured Loans Like many bitcoin companies, CoinTerra has had to deal with a volatile exchange rate and high demand, a combination which means …
UK based cloud mining and exchange, CEX.IO announced a temporary suspension of their cloud mining services this week, citing the recent drop in Bitcoin’s price and the increase in difficulty as the reason why. Officially announcing the changes on their blog, the company explained that the current climate meant their service was not currently profitable. …
Credit and debit card use in Europe does not do even close to the volume of business as we find in the United States. The fact is that throughout most of the EU people prefer to pay in cash and merchants are on-board because of extremely high bank fees. A new company in Hanover, Germany …
Bitstamp, one of the largest Bitcoin exchanges resumed trading on Friday evening, following four days of suspended services following the companies’ hot wallets being compromised, resulting in a loss of approximately $5 million. In a situation bound to automatically draw comparisons to the Mt Gox hack of almost 12 months ago, the company were praised …
The attack on Bitstamp wallets has cost the companies customers millions of dollars and can potentially be traced to the recent dip in bitcoin prices. Investigations by the company and law enforcement are still going on and will likely continue for many months. CoinJournal reached out to Wall of Coins founder Robert Genito for some direction …
Robert Genito, Founder of Wall of Coins Speaks About Bitstamp Read More »
Following numerous complaints that lead to the FTC investigating the companies business practicses, causing them to shut up shop in 2014, Kansas based hardware company, Butterfly Labs have announced that their operations have now resumed.In December the US District Court rejected a request by the FTC to freeze the companies assets. [blockquote]On December 12, 2014, the United …