After Bitcoin hit the floor at $300, things have been looking upward. The main cause for this massive downward trend was a person sold 30,000 Bitcoins, all at the $300 mark. Once that massive sell wall was ridden of, the price of Bitcoin is going up now. Subsequently, most other coins are too. As you can see from the chart above, it only proves to further reinforce what has been previously stated. The downward trend
The world of Bitcoin and digital currencies has often been described by many critics as the “new Wild West”. In fact, this year we have seen a growing number of new scam coins being introduced, many of them designed by the same scammers. The crypto currency community is tired of all this fraud schemes and is starting to demand a lot more proof from coin Devs and the number of launches and scams has been slowing down ever since.
Last week I covered social media platform focused GEMS this week I’ll take a look at their closest competitors, Nxtty Cryptomessenger. While NXtty seems focused more on the encrypted messaging aspect of this type of platform both groups seem to be barreling down the same general development path. One difference of note is that while GEMS has the clear advantage in terms of it’s media rich website and overall presentation, Nxtty has a more practical
Bitcoin Ebay? A new Chinese commerce platform is rising that may become a Bitcoin Ebay. Known as Coin Cola, Coin Cola is a cryptocurrency trading platform based on multisig technology and is designed to keep buyers and sellers safe with this. Read the full article here. Bitnation: Decentralized Government It was eventually going to happen, someone or something making a government based on the blockchain. This “something” is known as Bitnation. Compared to traditional governments,
The “flash crash” of last week has come to a screeching halt. But not all the way it seems. If we look at the chart of Bitcoin from the last week, you can see price has fallen down to the upper $370 range to lower $380 range. From there we have had upward trends that have tried to break the $400 barrier, but none have been successful for too long. Besides that, Bitcoins market has
When the idea of decentralization and Bitcoin first came into play, the first main opposition was the government. I’m here with BitNation, a blockchain based cryptoequity that plans on providing services originally provided by the government in a decentralized fashion. 1. Can you tell me a little bit of what BitNation is? Bitnation is a new blockchain-based startup that will provide services traditionally thought to be the domain of governments. Traditionally, governments usually provide people
Coin Academy and the College Cryptocurrency Network Team Up to Bring Crypto to Campus The College Cryptocurrency Network has selected Coin Academy as the content provider for their fast growing initiative to bring cryptocurrency education to campuses across the U.S Under the arrangement, Coin Academy will be providing their original digital currency courses to the students inside the College Cryptocurrency Network and will help the CCN source and curate content. Jeremy Gardner, Executive Director and
Today’s top dogs are an interesting bunch. With 14 out of the top 20 players all losing ground this week we find ourselves in somewhat uncharted territories. By example, today’s top earner isn’t even a coin or a currency but rather a digital asset called Multigateway (MGW). A third party service developed on top of the NXT network that allows you to move cryptocurrencies in and out of the NXT Asset Exchange. Up 51% today
As the first Bitcoin Company, Coinify secures continental European venture capital investment to bring digital currencies to mainstream markets. The Company has already satisfied more than 6000 merchants and 7000 consumers most of them from Europe. More than 7000 European individuals have enjoyed Coinify’s easy conversion between digital and national currencies.
…because it’s your data and you should be paid for it. If decentralization is the rallying cry of the blockchain movement, it’s only natural we start with the applications that we use most often. Currency is all well and good but there’s still the ugly matter of our social networks. Everyday our data is sold by the social media platforms we populate and generate content for. Everyday our privacy is given away and in return
This week has seen yet the latest positive announcement for Bitcoin – the news that Paypal is testing preliminary integration of the cryptocurrency – fail (at the time of writing at least) to make a significant dent in the continued market downtrend. The persistent bear market is running parallel in altcoins, with volume decreasing steadily across all the major exchanges. Is this the deflation of a bubble originating at the outset of 2013? What are
Anycoin Direct is an exchange founded in the Netherlands in April 2013. The Company has reached popularity in just 2 months time. The exchange was first launched with the brand name Bitplaats and soon established itself as one of the most trusted Bitcoin businesses in the Netherlands.
Yet another wild week for cryptocurrency, there are just something’s that you never get used to. For example, Bitcoin dropped dramatically from around $480 to just under $400, and stayed there for a day or two. It soon bounced back up to $430, but that uptrend didn’t last long, with market going sideways, if not slightly downwards. Most of the top coins are going downward, with the main exception being Dogecoin. Many people point to
CrackCoin is a new crypto currency project that has had plenty of attention from the community. The recent escapades of a Toronto’s Mayor involved in a scandal with Crack were the inspiration for the Team to choose the crypto currency name;
Update: Hashprofit was shut down according to their statement because of a DDoS attack. We tried to contact them to get some more information regarding this issue but we haven’t received any response from them yet. The official statement from HashProfit.com: We’re resuming work of service in a protected mode today. Despite all the warnings from service’s administration many users have succumbed panic moods and have taken a number of actions which discredited and abused
Bitcoin Paypal and Bitcoin! A compelling read by Nuno, Paypal has finally delivered on its word after what seems now like weeks of teasing acceptance of Bitcoin. Finally Paypal has signed a partnership with popular Bitcoin processors such as BitPay, Coinbase and Gocoin. It first started with people using Braintree able to accept Bitcoin, now it’s people using Paypal’s Payment Hub for digital goods which in turn may mean you could purchase your favorite steam
The launch of the Digital Currency Council is seen as an exciting and timely step for crypto currency, and everyone who will become involved with it. Similar standards-based professional organizations have been critical to the functioning of our traditional economy, and there is no doubt that the Digital Currency Council will play an important role in the emerging crypto currency economy.
Breaking this weeks slump and a grand total of 11 world records along the way, Primecoin (XPM) spiked a respectable 47.18% today settling in comfortably at #21 in total market cap. A proof of work system that cleverly points all of it’s mining power towards aiding mathematical research. They’ve shown that a cryptocurrency’s choice of protocol can be about more than just security but can instead be put to practical use. With Bitcoin’s Hashrate currently
Leaders keep their eyes on the horizon, not just on the bottom line. – Warren Bennis It cannot be overstated that Open Source is an amazing methodology. How else would it be possible to create such overwhelming innovation with such wide spread decentralization and ever increasing transparency? Even more amazing is that it now offers us choice on a level we quite simply haven’t seen before. While some might argue that too much choice is
Bitmark is a very interesting altcoin that aims create an every day use through the use of what they call marking. We held an interview with the development team over at Bitmark, and this is what they answered to our questions: Who composes the dev team? Project Bitmark is a community effort, currently there are about 50 people in various roles and having different levels of commitment; this number grows daily. Additionally we have outreach
With 55 of the top 100 tokens gaining ground today the worst of the recent market shake up is (hopefully) over. While most gains were modest a few standouts are worth mentioning. Decentralized exchange and smart property player Mastercoin, showing signs of genuine value in a rough market, is up a very respectable 54% today, rounding out it’s weekly gains of 24%. Good on you boys and girls. As attacks from on high cast doubt
As our search narrows, leaders emerge… When we last left off, we had established that in our search for the perfect ICO platform we’ve encountered our fair share of dead ends and dubious options. While we are confident we can launch this project off of our back porch if need be it stands to reason we’d want to give our baby every possible advantage we can find. So while we are okay with most of
SocialxBot is a decentralized crypto currency that offers the innovative ability to send and receive secure, anonymous funds by merely tweeting. Now, every Twitter account in the system is automatically connected to SocialxBot. The goal of the project is to bring crypto currencies to all available markets in regard to social media, specifically focusing on the Twitter platform. Users can receive SocialxBot coins with their Twitter account without downloading the QT client. Twitter has over