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.

Researchers Analyze Characteristics of Bitcoin Users with Google Trends
November 6th, 2014

The University of Kentucky researchers have published a paper examining the characteristics of US bitcoin users based on an analysis of Google trends.

BitPay Brings One-Tap Payments to Bitcoin with New NFC-Compatible Checkout App
November 5th, 2014

BitPay has presented Bitcoin Checkout, a new app for making in-store payments.

The Hacker Now Has a 100 Bitcoin Bounty on His Identity
November 5th, 2014

The Bitcoin service Bitalo found itself the victim of a DDoS attack and put a 100 BTC bounty on the hacker’s head.

Bitwage Launched New Service to Allow Companies Pay Their Employees with Bitcoin
November 5th, 2014

Bitwage presented Bitcoin Payroll for the Individual, a new service for paying employees in digital currency.

Britain’s Treasury Comments Send Virtual Currency Prices Higher
November 5th, 2014

Bitcoin was up 2% while BNC 2.0 Index coins such as Stellar and Counterparty were rising strongly on Wednesday morning following HM Treasury’s call for information.

Bitcoin Wallet Circle Launches Mobile App for Android and iOS
November 4th, 2014

Boston-based bitcoin wallet provider Circle has launched its own mobile app for iOS and Android platforms.

PayPal CCO Jean-Baptiste Graftieaux Resigned to Join Bitstamp
November 3rd, 2014

Jean-Baptiste Graftieaux, PayPal CCO, left his position at the global payments company to move to Bitstamp.

Bitcoin Brothers Wants to Disrupt Bitcoin Mining with Supercomputers
November 3rd, 2014

German bitcoin company Bitcoin Brothers introduced Massive Super-Efficient Machines that are expected to improve the bitcoin mining and expand the blockchain.

FinCEN October Rulings and the Corresponding Perils of Decentralized Autonomous Corporations (DACs)
November 3rd, 2014

On October 27, 2014 FinCEN issued two administrative rulings with respect to the application of its regulations on virtual currencies. These rulings are significant and guest columnist CoinXoXo helps you understand why.

Money 20/20: New York’s DFS May Create ‘Transitional BitLicense’ for Bitcoin Start-ups
November 3rd, 2014

New York’s superintendent of Financial Services Benjamin Lawsky has revealed plans to introduce a less onerous ‘transitional’ BitLicense for bitcoin startups.

Taximonger: Malaysian Taxi Customers Can Now Pay with Bitcoin
November 2nd, 2014

New taxi-booking app, dubbed Taximonger, will allow taxi drivers in Malaysia accepting bitcoin payments.

Money 20/20: BitAngels Announced Three Top Global Startups
November 1st, 2014

Three winners of the global startup competition were announced at the CoinAgenda conference.

Fidor Bank and Kraken Team Up to Launch ‘World’s First Cryptocurrency Bank’
November 1st, 2014

Munich-based Fidor Bank and Bitcoin exchange Kraken are launching an initiative to establish the first ‘specialised bank for crypto currencies.’