Month: April 2015

The Leftover Bits 29/4/2015: Coinbase Comes To The UK, BTCS Joins Spondoolies, and Ripple Flirts With Western Union

The Leftover Bits is your source for daily bitcoin news. Everything you need to know, in a easy to digest format. Western Union Testing Ripple Ripple, for whatever reason, seems to have an in with the traditional players in finance. In a surprise move that reinforces that belief, Western Union is running a “pilot” program with Ripple, …

The Leftover Bits 29/4/2015: Coinbase Comes To The UK, BTCS Joins Spondoolies, and Ripple Flirts With Western Union Read More »

The Leftover Bits 28/4/15: Circle Asking For Some Cash, Govern With The Swarm and Overstock Details Emerge

Welcome to the Leftover Bits, your source for daily bitcoin news. Circle Raising Some Cash Circle is in the middle of a USD $40 million funding campaign that looks to set the company’s evaluation at USD $200 million, according to Fortune. Circle is a web wallet, payment processor and exchange. Similar to Coinbase, Circle attempts …

The Leftover Bits 28/4/15: Circle Asking For Some Cash, Govern With The Swarm and Overstock Details Emerge Read More »

Three Bitcoin Hints Wired Missed In The Overstock SEC Filing

Monday morning, Wired reported on an Overstock.com filing with the Security and Exchange Commission (SEC) that indicates the company will be releasing its stock on a cryptographically secure distributed ledger system. The implication seems to be that the distributed ledger system will be either Bitcoin’s blockchain or a similar technology, possibly Overstock’s own or one of the existing …

Three Bitcoin Hints Wired Missed In The Overstock SEC Filing Read More »

Breaking: Cryptsy Owns ‘Hyper Staking’ Paycoin Prime Controller

During a community hangout organized by the Paycoin Foundation, a surprise announcement was made that one Prime Controller is being held by digital currency exchange Cryptsy. The transaction was also posted about on the Paycointalk forums. According to that post, it seems plausible that the Prime Controller was given to get Cryptsy to update to the new Paycoin wallet. …

Breaking: Cryptsy Owns ‘Hyper Staking’ Paycoin Prime Controller Read More »

The Leftover Bits 24/4/15: Rand Paul Loves BTC, More Foundation News, ItBit Wants To Be A Bank

The Leftover Bits is the web’s best resource for daily Bitcoin news and opinion. ItBit Applies For NYS Banking License And here I was, thinking people got into Bitcoin to get away from banks. Bitcoin exchange ItBit has applied for a New York State banking license. If successful, ItBit would become the first Bitcoin company to be legally …

The Leftover Bits 24/4/15: Rand Paul Loves BTC, More Foundation News, ItBit Wants To Be A Bank Read More »

The Leftover Bits: 23/4/15: RoboCoin Remittance, Open Bazaar Updates, Bitcoin Foundation Has New Board Chair

OpenBazaar Updates To 0.4.0 ‘Portobello’ OpenBazaar is the decentralized marketplace seen by many as the spiritual successor to the infamous Silk Road. Yesterday, it updated to version 0.4.0 for Linux and Mac users. Binaries have not yet been compiled (so you’ll have to do it yourself) and Windows users will have to wait until then …

The Leftover Bits: 23/4/15: RoboCoin Remittance, Open Bazaar Updates, Bitcoin Foundation Has New Board Chair Read More »

The Leftover Bits 22/4/15: MIT Funds Core Dev, Mt. Gox Developments, Ripple Freezes Funds

Core Developers Join MIT’s Digital Currency Initiative Gavin Andresen and other leading Bitcoin Core developers are joining the MIT Digital Currency Initiative. The Bitcoin Foundation previously served as the primary funding source for Bitcoin Core development. We covered the Bitcoin Foundation’s serious financial issues, and we were told by former board member Olivier Janssens that the …

The Leftover Bits 22/4/15: MIT Funds Core Dev, Mt. Gox Developments, Ripple Freezes Funds Read More »

Interview With igot Founder Rick Day: Regulation Has ‘Absolutely’ Hindered Bitcoin In The US

You’ve heard it a million times. Remittance is Bitcoin’s killer app. But Bitcoin still isn’t there. The remittance market remains dominated by the old guard that has controlled it for decades. Education is a major issue. While being entrenched in Bitcoin culture, it can be difficult to keep in mind that the vast majority of …

Interview With igot Founder Rick Day: Regulation Has ‘Absolutely’ Hindered Bitcoin In The US Read More »

The Leftover Bits 4/21/15: TradeBlock, Mt.Gox, Shapeshift and Naughty Police

Welcome to the latest installment of The Leftover Bits, the best source for your daily bitcoin news. TradeBlock Teams Up With BitGo For Secure Professional Trading TradeBlock and BitGo will be creating a “modular infrastructure” together to bring BitGo’s industry leading security to TradeBlock’s professional level trading and analysis platform. The partnership was announced to …

The Leftover Bits 4/21/15: TradeBlock, Mt.Gox, Shapeshift and Naughty Police Read More »

Litecoin Association Director Andrew Vegetabile Makes Public Statement On GAW, Includes Personal Message To Josh Garza

photo credit: The Sorcerer: Dawn of a New Age via photopin (license) Litecoin Association Director and CEO of the upcoming exchange Koinyx, Andrew Vegetabile, aka The Mage, has issued a public statement calling out GAW, Paycoin and Josh Garza. He finishes it off with a personal statement directed at Josh Garza, stating that he “fits the bill” …

Litecoin Association Director Andrew Vegetabile Makes Public Statement On GAW, Includes Personal Message To Josh Garza Read More »

The Leftover Bits 17/4/15: Sting’s Charity Gets Its Own Coin, Neteller Reverses Course on Bitcoin and Rand Paul Attends Bitcoin Event

photo credit: Sting via photopin (license) Rainforest Foundation Creates Its Own Coin So here is a new one: A cryptocurrency that has a relatively high transaction fee of 1.25% for merchants, but has that fee donated to a charity as a tax deductible donation. The Rainforest Foundation, rather than simply accepting bitcoin, has decided to …

The Leftover Bits 17/4/15: Sting’s Charity Gets Its Own Coin, Neteller Reverses Course on Bitcoin and Rand Paul Attends Bitcoin Event Read More »

Former Paycoin Developer Joe Mordica Speaks About GAW’s Power Bill and Prime Controller Issue

Paycoin is clearly a mess. As everything falls apart and the price continues to drop ever further, those responsible and the hardcore faithful are predictably looking for a scapegoat. In my last Paycoin article, I compared former Paycoin developer Joe Mordica to Leon Trotsky of Russia (or perhaps more accurately, Snowball of Animal Farm). The …

Former Paycoin Developer Joe Mordica Speaks About GAW’s Power Bill and Prime Controller Issue Read More »

The Leftover Bits 16/4/2015: Gavin Blames Shrem and Karpeles, An Affordable Convention Launching, NY BitLicense Coming Soon

Note: A previous version of this article stated that Charlie Shrem had been found guilty of money laundering. That is the offense he was charged with, but he plead to a lesser charge of aiding and abetting the operation of an unlicensed money transmitting business. We regret the error. Also, I messed up his name …

The Leftover Bits 16/4/2015: Gavin Blames Shrem and Karpeles, An Affordable Convention Launching, NY BitLicense Coming Soon Read More »