Cryptocurrencies

A cryptocurrency is a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency. Cryptocurrencies are a subset of alternative currencies, called altcoins, or specifically of digital currencies.

Bitcoin became the first decentralized cryptocurrency in 2009. Since then, numerous cryptocurrencies have been created. These are frequently called altcoins, as a blend of bitcoin alternative. The most popular altcoins now (August 2016) – Ethereum, Steem, Ripple, Ethereum Classic, Litecoin, Dash, Dogecoin.

Cryptocurrencies use decentralized control as opposed to centralized electronic money/centralized banking systems. The decentralized control is related to the use of bitcoin’s blockchain transaction database in the role of a distributed ledger.

Gyft Added Walmart to the List of Merchats that Support Bitcoin Giftcards
March 25th, 2014

Popular service of purchasing gift cards, Gyft, made a deal with Walmart. Now Walmart accepts bitcoin payments via giftcards.

Iceland Launches a ‘National’ Cryptocurrency Called Auroracoin Airdrop
March 25th, 2014

Iceland national bank and government create a cryptocurrency to solve financial problems.

Exchange Vircurex Freezes Withdrawals, Claims Lack of Reserves
March 24th, 2014

Vircurex, the Chinese crzptocurrenies exchange, has halted withdrawals due to the lack of reserves.

Apple Approves bitWallet iOS App with BTC Sending Function Blocked
March 21st, 2014

The company called Sollico launches an Apple app “bitWallet” that has blocked sending function.

Bitcoin Exchange BTC-e Enables Fund Withdrawals Using Debit and Credit Cards
March 21st, 2014

BTC-e enables withdrawal of funds on the cards VISA / MasterCard issued in any country and in any currency.

Mt. Gox Says It Found 200,000 Bitcoins ($118 Million) in ‘Forgotten’ Wallet
March 20th, 2014

Mt. Gox reports it found 200, 000 BTC afrer re-check in a forgotten wallet, which was last used prior to June of 2011

KnCMiner Sells $2 Million Worth of Scrypt Mining Titan Rigs in Four Hours
March 20th, 2014

KnCMiner sets a new record of $2m after the beginning of Titan sale.

KnCMiner Accepting Pre-orders for First Scrypt Miner ‘Titan’
March 19th, 2014

KnCMiner had designed the first scrypt miner called ‘Titan’.

BitPay Opens Offices in San Francisco and New York
March 19th, 2014

BitPay expands business by opening offices in San Francisco and New York.

Bitcoin Version 0.9.0 Released, Brings Transaction Malleability Fixes
March 19th, 2014

The latest update to the bitcoin reference client, Bitcoin Core, was released on 18st of March.

For ‘World of Tanks’ Fans: WOTcoin Can be Used for Purchasing Any ‘In-Game’ Items
March 19th, 2014

The team of Word of Tanks players created a new cryptocurrency, WOTcoin, which can be used for game purposes.

Bitcoin Exchange Bitcurex Relaunches Following Hacking Attack
March 18th, 2014

Bitcurex, the Polish bitcoin exchange, resumes the work of its website after facing the hacker attack.

BTC China Launches New Structure of Fees and Features
March 18th, 2014

BTC China announced litecoin trading and waives trading fees across their platform.