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Bitcoin Politics

Bitcoin Politics

CEX.io Halts Cloud Mining Service Due to Low Bitcoin Price

Bitcoin mining service CEX.io has announced it will suspend its cloud mining activities.The company stated in a 12th January blog post that it is no longer profitable, blaming declining revenues amid a dropping bitcoin price. CEX chief information officer Jeffrey Smith told CoinDesk that operations would resume if the price…
cinerama
January 12, 2015
Bitcoin Politics

Ross Ulbricht Trial Set to Begin

Alleged drug kingpin Ross Ulbricht , who is currently facing charges of running a criminal enterprise, money laundering and drug trafficking, is set to begin his trial in Manhattan tomorrow on January 13th.Ulbricht was arrested in the San Francisco Public Library over a year ago…
cinerama
January 12, 2015
Bitcoin Politics

Paybase Announces $20 Buy Back Scheme for Paycoin

Embattled cryptocurrency platform Paybase is launching a buy-back scheme to match the US$20 floor that their Paycoin currency was expected to hold. Announcing a system based upon “monthly disbursements” of Bitcoin to pay for any XPY re-purchased by Paybase in the scheme, the company stated…
cinerama
January 12, 2015
Bitcoin Politics

Bitcoin ‘Vault’ Elliptic Meets Global Auditing Standard

KPMG building Digital currency storage service Elliptic has obtained ISAE 3402 accreditation – a global standard for financial reporting – from auditing specialist KPMG.The ISAE 3402 Type 1 or SOC1/2 review  scrutinises various aspects of a business, including financial controls, regulatory compliance including AML and KYC measures, financial…
cinerama
January 12, 2015
Bitcoin Politics

Don’t Forget Bitcoin At Tax Time

Getting those tax records together for the 2015 filing season? Don’t forget about Bitcoin.The Internal Revenue Service (IRS) issued guidance to taxpayers in 2014 on how to treat Bitcoin – and other virtual currency – for federal income tax purposes. That guidance, IRS Notice 2014-21…
cinerama
January 11, 2015
Bitcoin Politics

The Strangest Altcoins of 2014

The past 12 months have seen a veritable explosion in the number of alternative digital currencies, otherwise known as altcoins.The numbers for exactly how many altcoins are in existence vary depending on the measure. CoinMarketCap.com lists 554 cryptocurrencies at the time of writing – up from around…
cinerama
January 11, 2015
Bitcoin Politics

BitStamp Resumes Operations

BitStamp, one of the largest Bitcoin exchanges out there in the Bitcoin ecosystem that had suspended its service after the breach resulted in the loss of around 19,000 Bitcoin with a value of some $5 million, has informed the customers that it has resumed the…
cinerama
January 11, 2015
Bitcoin Politics

BITCOIN RUSH | episode 27 * Crypto News Media

Greenpeace, Bitcoin Union, TheOpenMinute w/ Gryfen Crypto Inc., Opal, Soumitra Mandhata, Paypal, & Bitcoin Juggle Btc donations will be used wisely: 17vPhPit.Change Tip, Bet Moose, HTML Coin, BTCxe, Altcoin Devvie, Altcoin Herold, Institutional Investment, The Open Minute Btc donations will be used wisely: 17vPhPi.CA Bitcoin…
cinerama
January 10, 2015
Bitcoin Politics

Neuroware Launches ‘Future-Proof’ API for Cryptocurrency Apps

Building an infrastructure that is easy-to-use is critical if the digital currency ecosystem wants to encourage the creation of consumer-facing products.To simplify this process, startup Neuroware has built Blockstrap  – an application programming interface (API) for web designers and front-end developers that supports bitcoin and other cryptocurrencies,…
cinerama
January 10, 2015

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