In the world of virtual reality, everything (well, almost everything) can be perceived and understood better. Same goes with cryptocurrencies. Bitcoin can definitely be hard to imagine, as it’s not physical asset. Even if you are familiar with the way blockchain works, it is still hard to put it in the real picture. Usual graphs and charts make the life even more miserable, so somebody actually discovered more evocative way of depicting bitcoin. We are presenting you – Blockchain 3D Explorer. Kevin Small has created a blockchain explorer that enables anyone to view the bitcoin blockchain in 3D or VR. The British developer is planning
Why is Cryptocurrency under Scrutiny? Hawala Explained
After the People’s Bank of China (PBoC) imposed a temporary rule that initial coin offerings (ICO) are illegal and that startups must refund all ICO investments to contributors, The Central Bank of Russia also said that it “monitors” the cryptocurrency market and is continuing to develop a regulatory framework for cryptocurrencies. There is a question though – what are central banks over the world exactly scared of? Russia’s central bank is against allowing cryptocurrencies or any related financial instruments within the Russian Federation. In that way, they reiterated statement from January 2014 which explicitly compared bitcoin to a “money surrogate”, rendering it illegal in the
New Mining-Oriented GPUs from AMD, NVIDIA Launching Soon
As new cryptocurrencies become available, as is the case of Ethereum and Zcash, more and more people try their luck in mining. Even the difficulties increased in BitCoin (BTC), the record growth over the past 12 months (365 days ago, BTC traded at $579.35. Today it trades at $2783.43) got people investing in purchasing mining computers. This increased interest in mineable cryptocurrency has led to a virtual lack of availability in shops of high performance video cards, and specifically all AMD-based GPUs since 2009, from 7000-series until today’s RX580 videocards from AMD. These cards are basically nowhere to be found. We received comments from some of
Bitcoin becoming Regulated Currency in the European Union
Slovenian startup Bitstamp just did something that no other digital currency startup was able to do – launch the first nationally licensed Bitcoin exchange (BitEx). As it usually goes, the startup could not receive a license in its home country, so it took advantage of registering themselves in one of most business-oriented countries in the European Union. Luxembourg granted the license which will be valid in all 28 EU countries, meaning starting July 1, 2016 – 508 million EU citizens should be able to access a Bitcoin exchange under the same operating restrictions and protections as the banks and stock exchanges. “We believe that this is stability-inducing – that people will see this
Bitcoin Dips Below $200, a Sign of Things to Come?
Bitcoin has crashed to below $200 levels. Should the cryptocurrency community be worried, or is there hope for better things in the long term?
Winklevoss Bitcoin Trust ETF To List 1M Shares on NASDAQ
The Winklevoss twins have filed to list 1M shares of a Bitcoin Trust ETF on Nasdaq, which introduces new investment strategies in the cryptocurrency.
Microsoft Now Accepts Bitcoin As Payment Option
Wave of the future, Dude. 100% electronic.
99Bitcoins Interview: What do Bitcoin, Cash and Diamonds Have in Common?
In an interview with 99Bitcoins’ Ofir Beigel, he shares how Bitcoin’s value is still driven by speculation, which can limit its potential for mass adoption.
Bitcoin, Value and the Future of Cryptocurrencies
The value of Bitcoin will go beyond its use as a virtual ‘currency’, but will extend to how the Blockchain operates as a ledger of transactions.
With $21M Seed Round, Blockstream Wants to Evolve Bitcoin
Blockstream has an ambitions goal to build on Bitcoin’s underlying technology to securely transfer more than just virtual currency, but also data and more.
Bitcoin Now For Sale at Taiwan’s Family Mart
Taipei-based Bitcoin entrepreneurs have found a way around Taiwan’s Bitcoin ban, thereby making Taiwan’s ultra-convenient convenience stores even better for those in the market for some BTC.
2 Things That Will Help Bitcoin Gain Mainstream Interest
With Bitcoin-oriented startups gaining ground with institutional investors, we take a look into the challenges ahead for companies and the cryptocurrency community.
Newsweek Facing Potential Lawsuit Over Dubious Bitcoin Scoop
The recently relaunched magazine named the wrong person in a scoop claiming to reveal the creator of Bitcoin.
Wallets and Merchant Services: The Hope of a Bright Future for Bitcoin?
With BlockChain raising a $30 million in Series A funding, Bitcoin-related startups gain more support from mainstream investors. What are the prospects for Bitcoin in the long run?
Hacker Claims to Have Access to 7 Million Dropbox Accounts
A hacker claims to have access to the usernames and passwords of nearly 7 million Dropbox users and will post them all if he or she is paid in Bitcoin.
Bill Gates Admits He’s a Fan of Bitcoin
In an interview Bill Gates removes any doubts about his position on Bitcoin.
FTC Leads Shutdown of 'Bogus' Bitcoin-Mining Rig Maker Butterfly Labs
Upon the FTC’s request, a federal court has ordered the shutdown of Butterfly Labs, which specializes in building computers for Bitcoin mining. The FTC says the company has delayed shipment or failed to deliver paid-for products, thereby resulting in losses to its customers.
PayPal Starts Accepting Bitcoin, But With Limits
PayPal has started accepting payments made with online cryptocurrency Bitcoin in some jurisdictions, although the functionality will be limited as the company tests the waters for consumer and merchant interest.
Will Bitcoin Remain The Gold Standard For Cryptocurrencies?
With Bitcoin gaining popularity and then some semblance of stability in its real-world value, will the cryptocurrency remain in the lead amongst other digital tender? Virtual currencies are not exactly new. While purely digital currencies like Bitcoin are often the subject of news today, technology startups have explored virtual currencies as early as the 1990s. Take for example Beenz.com, which launched a currency called “Beenz” meant for earning loyalty points and paying online. After raising $100 million in VC funding, the startup failed to gain traction and eventually folded in 2001. Even virtual currencies used in multi-player online games do hold real-world value in terms of their
Newegg Now Accepts Bitcoin
As Bitcoin becomes more and more boring (and standardized) the amount of companies that begin to accept it increase ever more. A few months ago, TigerDirect announced that they would be accepting Bitcoin and that clearly has motivated other etailers to do so as well. So, it comes as little surprise that Newegg today announced that they will also be accepting Bitcoins as a form of payment for products on their site. There are no restrictions on what can be purchased with Bitcoin on Newegg’s site, which makes it incredibly attractive to anyone looking to spend their extra Bitcoins. Even though sites like Amazon haven’t