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.

Bitcoin Price Climbs Above $450-Level as Market Sentiment Improves
November 13th, 2014

Bitcoin price surpassed $400 mark, since achieving its lowest level of $318 in October.

iPhone Game ‘Bitcoin Billionaire’ Reveals How Addictive a Single Click Can Be
November 12th, 2014

Bitcoin Billionaire is an idle clicker that is all about raking in bitcoins and building up a fortune. A player starts with almost nothing: a run-down office, a rickety old desk, a crummy computer. By tapping the screen he can mine virtual bitcoins and slowly increase wealth.

Investor Raoul Pal Thinks Bitcoin Price Will be $100,000 or even $1Million
November 12th, 2014

According to Raoul Pal, the Global Macro Investor co-founder, bitcoin is likely to achieve value of $1,000,000.

Inside Bitcoins Conference Is Now Heading to Paris on November 20-21
November 11th, 2014

The two-days Inside Bitcoin Conference will take place in Paris starting from November 20 and will feature prominent members of the bitcoin commnuity.

Regulation Overview: NYDFS’ Benjamin Lawsky to Step Down, Ukraine Bans Bitcoin and Others
November 11th, 2014

Russia reduced fines for bitcoin promotion amid the Ukrainian government banned the use of cryptocurrency; the future of BitLicense remains unclear as its creator Benjamin Lawsky resigns.

Dutch Entrepreneur Embeds Computer Chips in Hands to Store Bitcoin
November 11th, 2014

A Dutch entrepreneur has implanted two wireless computer chips implanted under the skin in his hands to allow him to store digital currencies inside his body.

Bitcoin Exhibition Opens for Visitors at Money Museum in Zürich
November 10th, 2014

The Money Museum in Zurich has opened the new Bitcoin Exhibition aimed at educating people on the digital currency.

VCs Blast Through Dot Com Record to Make Bitcoin Biggest Bet
November 9th, 2014

In 2014 bitcoin start-up related investments will rise to as high as $300 million, and possibly go even higher than that, as fund managers can’t get enough of the prospects for new money.

Good Bye Silk Road 2.0, There’s Already a Silk Road 3.0
November 9th, 2014

Silk Road 3.0, a new version of the seized black market site, was reloaded following the closure of Silk Road 2.0.

Robocoin ATM Operators Now Required to Collect Their Customers Data
November 8th, 2014

Robocoin has announced its ATM machines operators will start gathering information from its users to comply with know-your-customer regulations.

CoinSpeaker Becomes 2nd Largest Digital Currency News Site, Catches Up With CoinDesk
November 8th, 2014

CoinSpeaker is now set to become the second most widely read bitcoin and altcoin news site on the web, as a result of getting in a number of money- and time-sensitive exclusives that beat our competitors to the punch.

Bitcoin Mining Rate Hashed Up In South East Asia Warehouse Fire
November 7th, 2014

The source of a mysterious slump in the mining hash rate of bitcoin has been linked to a warehouse fire outside Bangkok in mid-October, in which more than $3.5 million of ASIC mining equipment went up in smoke.

SEC Bashes ‘Bitcoin’s Bernie’ in Unprecedented Ponzi Prosection
November 7th, 2014

Bitcoin’s Bernie Madoff equivalent Trendon Shavers, the owner of Bitcoin Savings and Trust company, was arrested on wire fraud and securities fraud charges in Texas and the SEC are not likely to let him off with just a slap on the wrist.