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.

June 5th, 2015

Over the last several months a number of big thefts happened in the streets of New York.

Bitfinex Teams Up with BitGo to Offer World’s First ‘Proof of Reserve’ Bitcoin Exchange
June 5th, 2015

Bitfinex and BitGo developed the most secure bitcoin wallet based on multi-signature technology.

June 5th, 2015

Swedish bitcoin mining hardware manufacturer KnCMiner has deployed its new 16 nm bitcoin ASIC, offering higher processing speed and energy efficiency.

June 4th, 2015

BItpay is releasing the first version of Copay that protects bitcoin transactions to the highest order by requiring multiple signatures/approvals before funds are moved.

June 4th, 2015

Mark Karpeles has explained how bitcoin exchanges can avoid collapse similar to that of the closed cryptocurrency exchange Mt.Gox.

June 3rd, 2015

Final version of bitcoin regulations for New York state was presented on Wednesday.

June 3rd, 2015

Anthem Vault has launched a new cryptocurrency backed with gold.

June 2nd, 2015

BitFury has officially announced the development of new data center in Georgia.

June 1st, 2015

Barry Silbert speaks on the future of financial service companies like Western Union and MoneyGram.

June 1st, 2015

Moritz Stellmacher talks about potential of bitcoin tipping in the internet.

June 1st, 2015

A team of eight investors are going to open a new bank in Switzerland that will offer services only with the use of the virtual currency.

May 29th, 2015

The state of New Jersey confirmed that the bitcoin mining software, called Tidbit, was used to access computers of the state’s citizens without their awareness.

May 28th, 2015

On Wednesday, European Bitcoin exchange BitStamp launched a pre-paid debit card program to enable its clients to get USD, EUR or GBP denominated prepaid debit virtual or plastic cards.