• Venezuela’s first Bitcoin exchange launches SurBitcoin is an online platform that allows Venezuelans the ability to buy and sell bitcoins using the bolivar. The Brothers  The exchange was started by two US-based Venezuelan exiles Kevin and Victor Charles. The idea began after meeting Rodrigo Souza, the head of the Brazilian company BlinkTrade – a decentralized open-sourced exchange. After speaking with the brothers, Rodrigo offered the brothers his open sourced software to start the Venezuelan exchange. Their company

    Bitcoin: Venezuela Launches Exchange

    | 2014/08/18 10:24 pm
  • We had a chance to make an interview with Olivier Janssens early adaptor back in London at CoinSummit. Olivier started mining really early back in 2010 and really knows how to live a great life as he was the very first who used his bitcoins to travel with a private jet using privatefly.com Bitcoinist: Can you tell me about your $100.000 dollar offer to the crypto currency community? What was it about? What made you

    Interview with Olivier Janssens

    | 2014/08/18 5:10 pm
  • Budderball is an online headshop that now specializes in custom glassware and now accepts bitcoin! Bitcoinist.net had the opportunity to interview founder Bobby Ingram. Use the code “BITCOINIST” for 20% off . Can you tell me about The Budder Ball, LLC? How did you get started?  The Budder Ball, LLC is my online glass shop that I started in October 2012. I had been collecting glass art for a few years and had an affinity

    Online Headshop: Budderball.com Accepts Bitcoin

    | 2014/08/18 1:09 am
  • Nowadays, developers and projects are strongly committed in improving anonymous and decentralized systems. The Silk Road Black Market had a serious disadvantage by having a centralized server system that made them vulnerable and was the responsible breach that effectively led the FBI to seize their operations. Silk Road was the first Black market ever to be created with the intent of allowing users to buy, sell, and trade about any type of items and services

    OpenBazaar decentralized marketplace set to launch next week

    | 2014/08/17 10:09 pm
  • If you want an automated way to convert a portion of your paycheck to Bitcoin, Paybits is just for you. PayBits is just exactly what I just went over, it is a service that allows you to send a portion of your paycheck that will automatically become converted to Bitcoin. 1.  What is the service you are offering? Paybits offers an employee-controlled payroll-to-bitcoin service. With Paybits any employee in any company can get some of their

    PayBits: Your Coin Your Way

    | 2014/08/17 9:52 pm
  • Cryptocurrency exchange BTER was hacked yesterday and a significant quantity of funds stolen, including 51 million NXT (then worth $1.7m). NXT was the number one currency exchanged on this platform. This is by far the largest hack that has ever happened in NXT’s history. Although it was entirely down to BTER’s lack of security, NXT as an economic system has started bleeding. Indeed, the hack concerns over 5% of the total money supply and, notwithstanding

    BTER Hacked, NXT PoS at work

    | 2014/08/16 8:40 pm
  • ASICRising, a German start-up is trying to find investors to produce a new high-performance microchip that it says would make bitcoin mining much cheaper and energy efficient. The process of mining is becoming increasingly expensive. While mining requires enormous amounts of energy to feed the computing power and cooling systems needed to get the hashing done, ASICRising happily says it has found a solution to this problem: an energy-efficient, low-voltage chip that together with specific

    ASICRising new Chip Halves Bitcoin Mining Energy

    | 2014/08/16 5:31 am
  • I am sure you noticed within the last couple of days the value of a bitcoin has dropped by about 20%. If you look for some news that can somehow be correlated with this, you aren’t likely to find such a clear indication for this event. Fear… Usually when bitcoins price falls so dramatically, it causes others to panic and sell off their bitcoins even though there may be no apparent reason for such a

    Real Volatility, Real Solutions

    | 2014/08/14 9:07 pm
  • BTCGigs is a marketplace, but allows some delivery methods to be instant due Bitcoin’s transfer speeds. BTCGigs is simply a marketplace that exclusively deals with cryptocurrency, allowing people to post services, goods, and even “microjobs”, as they are so called. 1. What is BTCGigs? When did it get started? You’ve stumbled upon this post on the internet. Perhaps you are interested by the name or just want to know what you can do on BTCGigs.

    BTCGigs: Bitcoin Marketplace!

    | 2014/08/14 2:22 pm
  • Several users of LawAnswers an Australian online forum have been claiming to have paid over $10,000 to the Queensland-based crypto-currency exchange bitXoin for bitcoins they never received. From what we could find, it appears that bitXoin’s online shop is now closed. One of these affected users, Jamesq, says he lost 2500 AUD; he posted a letter email appearing to be from the bitXoin owners, acknowledging that there had been some problems and that they would

    Australian bitXoin exchange involved in a scandal

    | 2014/08/14 2:35 am
  • “Cryptocurrency will have a huge impact on Latin America. The most obvious impact for Mexico is the lower of costs to send money to and from the United States which is one of the most powerful remittance corridors in the world.Bitcoin is just the beginning of new opportunities in the digital currency realm.” –  Jesse Heaslip, BEX CEO The above quote pretty much sums up why Mexico especially is in such need of cryptocurrency integration.

    Coinbatch: Mexico Bitcoin exchange!

    | 2014/08/13 2:18 pm
  • Blockchain.info just reached 2 million wallet users, a historic landmark for the company and the bitcoin community. Blockchain was founded by UK developer Ben Reeves in 2011 making Blockchain a veteran business in the space. Within the last couple of weeks Blockchain has released a refreshed Android wallet and have reintroduced an iOS wallet on the app store which has surely helped them reach this 2 million mark. However, 2 million is a long way

    The Future of Blockchain.info

    | 2014/08/12 5:46 pm
  • Bitcoinist was a media partner for the CoinSummit event in London. It was a two-day conference connecting virtual currency entrepreneurs, angel and VC investors hedge fund professionals and others who were looking to learn and network in the sector. It took place in the beautiful East Winter Garden. We had a chance to speak with Pamir Gelenbe the Co-founder of the event. Bitcoinist: So, this is the second conference you are organizing, and the first one

    Interview with Pamir Gelenbe the Co-founder of CoinSummit

    | 2014/08/12 3:12 pm
  • Recently Reddcoin has been making some serious market gains, both in volume and in price with a 24 hour volume of $578,183 and price of 41 Satoshis at its peak. This wasn’t a sudden growth either, as you can see by the following graph that shows Reddcoin price as well as volume over the last 3 months. As you can see, over the last 3 months, Reddcoin has been steadily gaining both volume and price,

    Reddcoin: Major Market movement!

    | 2014/08/11 11:46 pm
  • Money20/20’s primary goal is to help advance innovations in payments and financial services for a world where commerce is an ‘anywhere, any time’ connected experience. Since our inaugural event in 2012, bitcoin and the associated cryptocurrency technology has become one of the most prolific areas of innovation in the industry—and Money20/20 has made a conscious and concerted effort to ensure its coverage. Broad Coverage Each year, our sessions on cryptocurrencies are standing room-only. This year,

    Money20/20: Bitcoin Coverage & Tool for Engagement

    | 2014/08/11 8:30 pm
  • Interview with Xapo! I had the opportunity to sit down and talk with Xapo, the a Bitcoin debit card. With achievements like $20 million of funding, you know its bound to be something big.  It essentially works as a Visa debit card, but it can be funded via Bitcoin. If you missed the interview, it can be read here. I in fact was accepted into the early access program, and can’t wait for the final release

    News Summary: August 10th – August 16th

    | 2014/08/10 10:43 pm
  • When looking for a place to spend your Bitcoin, we have the bases covered. But if you’re looking for some more quirky items to purchase I think ShopJoy is a hard place to beat. Offering stuff like cases with hands on them, to more sensible items like unlocked phones. Do note that prices are in Austrailian dollars, so take that into factor if you are purchasing abroad. 1. Why did you decide to make ShopJoy a

    Merchant Adoption: Shopjoy

    | 2014/08/10 4:15 am
  • Today we have Bitcoin Cloud Services, yet another cloud mining service. Let’s see what they have to bring to the table. 1.What inspired the idea for Bitcoin Cloud Services? I started mining back in 2011, but eventually due to the competitive nature of the Bitcoin network it got more difficult to get early access to hardware. With hardware delays from most of the manufacturers it became almost impossible to the average user to get involved

    Bitcoin Cloud Services: Exclusive Interview

    | 2014/08/09 8:44 pm
  • Xapo is a new company, with an ambitious goal. To make Bitcoin more widespread, through a similar interface, essentially a Visa card. It is a debit card that is funded with Bitcoin. I was lucky enough to get an early access card and take it for a spin myself. I talked to Ted Rogers, the Chief Strategy Officer over at Xapo regarding Xapo as a company and a little bit about them. 1. What sparked

    Interview with Xapo: Bitcoin debit card!

    | 2014/08/08 11:18 pm
  • We all know that Scrypt ASICS are now available for purchase, and miners have been hashing away at Scrypt coins, leaving GPU miners to scramble to under algorithms, most popular being Scrypt-n and x-11. Scrypt ASICS may have also had a negative effect on prices, for Darkcoin and Vertcoin. Darkcoin is the most popular X11 coin, and Vertcoin is the most popular Scrypt-n coin, so it’s logical to assume that is where most GPU miners

    Litecoin and ASICS: Effect on Market

    | 2014/08/08 10:43 pm
  • Coinage is a new Bitcoin exchange coming from the same people that have brought you multiple Philippines services, more on that later. From the looks of it, Coinage is a professional exchange, promising liquidity, a secure and fast system, and more. it seems that they only charge a 1% fee on transactions as  well, making it attractive to traders. 1. What sparked the idea of Coinage? Being staunch believers in Bitcoin, it has always been

    Coinage.Ph: Philippines Bitcoin exchange!

    | 2014/08/07 2:32 am
  • Teams to compete to build FinTech applications for a $125,000 prize pool and the chance to present to an audience of thousands  New York, NY. August 6, 2014–Money20/20, the world’s largest event for payments and financial services innovation, today announced the launch of the ‘Money20/20 Hackathon’ to be held October 31 to November 2, 2014 at the Aria Resort & Casino convention facility in Las Vegas, immediately before the kick-off of 2014’s Money20/20, which will

    Money20/20 Announces the ‘Money20/20 Hackathon

    | 2014/08/06 9:04 pm
  • If you have done any mining in the past you know its hot and noisy. Usually alternatives are to either get cloud mining, or pay for someone to host your hardware. Both options are valid, and really intriguing if you have to pay an especially exorbitant electricity rate or just can’t stand the noise. Before we start, it is good to know where Genitrust is today. Genitrust is a company that helps companies, investors, and

    Hashing Plex Interview: Hosted Mining Services

    | 2014/08/06 2:50 pm