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1,420,591,591 |
2015-01-07 00:46:31+00:00
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{"Bitcoin": [5164]}
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{}
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The most interesting 3D printers introduced (so far) at CES 2015
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https://finance.yahoo.com/news/most-interesting-3d-printers-introduced-004631611.html
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Gigaom
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http://gigaom.com/
|
It’s difficult to believe it was only a year ago that 3D printers became a common sight at CES. They are back again this year, with a whole range of startups and established firms flexing their maturing lineups of machines.
This is what 3D printing will look like in 2015.
The staples
Well-established players like MakerBot and 3D Systems aren’t likely to release any major updates to the flagship desktop machines they debuted last year at CES, but plenty of other companies are willing to fill that void.
Ultimaker, now three years old, expanded beyond its Ultimaker 2 with theUltimaker 2 Go and Ultimaker 2 Extended. The $1,450 Go is smaller and lacks a heated bed. The $3,030 Extended is bigger, faster and capable of printing in finer detail. They have the same screen and touch wheel as the Ultimaker 2. Inoted in Novemberthat the Ultimaker 2 is becoming a staple in office environments, so it’s exciting to see the company diversifying.
The full lineup of Ultimaker 3D printers.
ROBOalso came to CES with an expanded lineup. Its $799 R1 is now joined by the $1,500 R2 and $10,000 R MEGA,according to 3Dprint.com. The R2 builds on the R1’s features with additions like a second print nozzle, LCD screen and larger 10 x 10 x 10 inch build volume. The R MEGA’s $10,000 price isn’t a typo; the enormous machine has a 39 x 39 x 39 inch build area.
TheHD-RbyAirwolfisn’t quite that massive, but it’s still big for a desktop machine. It prints objects up to 11 x 8 x 12 inches in size and has add-ons like a camera and Wi-Fi connectivity. At $4,595, its price is also big.
The price leaders
ROBO‘s lineup also extends to the new R MINI, which will sell for $399. It prints a tiny 4.5 x 4.5 x 4.5 inch build volume. It sacrifices a few features like Wi-Fi and multiple nozzles to hit its price tag, but entry-level users just looking for a cheap machine probably won’t mind.
The da Vinci Junior is smaller and simpler to use.
Taiwan’sXYZprintingseized on CES to keep spitting out new printers. The $349 da Vinci Junior isn’t actually that much cheaper than XYZprinting’s already low-priced da Vinci 1.0, but it looks a whole lot easier to manage. The1.0 was enormousand unpolished. The Junior has more modern features like a quick-release print head. And it’s a lot smaller. Excellent.
It also put a price on its Nobel 1.0, a stereolithographic 3D printer. It will cost $1,499 and ship in the third quarter of 2015. $1,499 might not sound so low, but it is for this technology. SLA uses a laser to cure liquid plastic layer by layer. It has traditionally cost a lot more than the fused deposition modeling technique found in most desktop printers. In its typical style, XYZprinting is sprinting to market with its first SLA machine.
The sweet
I don’t know about you, but all this talk about 3D printers is making me hungry.3D Systemsannounced itslatest food machine, a chocolate printer built during itspartnership with Hershey’s. The CocoJet prints delicious, gooey chocolate layer by layer, just like in those Hershey’s 3D printing videos. It complements the sugar printers 3D Systems debuted last year (and still has yet to ship).
Oh, and there’s one more machine fromXYZprinting. The company has been demoing its Food Printer for a few months now, and finally brought it stateside for CES. It prints unbaked cookie dough and chocolate decorations. It will cost around $500 and ship out in mid-2015.
The futuristic
Spectrom adapts 3D printers to print in a full range of colors.
3Dprint.com reported another interesting tidbit of news fromROBO: It plans to integrateSpectrom‘s full-color 3D printing technology into its printers, starting with the R1. Spectrom is anadapter invented by two University of Wisconsin studentsthat allows most printers to make multicolored prints. It doesn’t print with multiple spools of different colors of plastic; instead, it actually blends colors to achieve a full spectrum. That’s pretty much unheard of in 3D printing, especially for a desktop machine.
A drone with a 3D printed body and conductive strips. The chip and motors are embedded.
If you’ve been aching to print yourself a new iPhone, your day has not come quite yet. But it’s on its way.Voxel8, which draws its founding team from Harvard, announced an interesting hybrid machine that prints both plastic and conductive ink — the materials necessary to print rudimentary electronic devices.
A developer version of the printer will begin shipping in late 2015. The $8,999 machine is a good-looking, desktop-sized printer with smart features like an auto-leveling print bed and touchscreen. Autodesk’snew Wire 3D softwarewill power the design process.
That’s what we have seen so far, and it’s only Tuesday. I am personally excited for XYZprinting and Ultimaker’s smaller, cheaper machines and the coming wave of electronics printers. It’s also great to see Airwolf, ROBO and their peers continue to mature from humble beginnings.
Image copyright Ultimaker.
Related research and analysis from Gigaom Research:Subscriber content.Sign up for a free trial.
• The legal challenges and opportunities for 3D printing
• A market analysis of emerging technology interfaces
• Bitcoin: why digital currency is the future financial system
More From paidContent.org
• Cars aren’t just connecting to the internet; they’re connecting to everything
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1,420,593,023 |
2015-01-07 01:10:23+00:00
|
{"Bitcoin": [1915]}
|
{}
|
PRESS DIGEST- British Business - Jan 6
|
https://finance.yahoo.com/news/press-digest-british-business-jan-011023488.html
|
Reuters
|
http://www.reuters.com/
|
Jan 6 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.
The Times
Renewed fears of an economic slump in continental Europe sparked an investor scramble for safe-haven assets yesterday that left returns on a string of benchmark government bonds plumbing record lows. (http://thetim.es/1KjEzB3)
Asda and J Sainsbury Plc have fired new-year salvos in the latest supermarket wars by investing a combined 450 million pounds ($680.67 million) in price cuts to basics such as bread, sausages, ketchup and orange juice. (http://thetim.es/14jYD5w)
The Guardian
George Osborne sought to fend off a political onslaught from Labour over tumbling oil prices by insisting big British companies should pass on the benefits to their customers. (http://bit.ly/1w0TiGw)
The administrators of the collapsed parcel carrier City Link have started selling off the company's assets. And the rival firm DX (Group) Plc has paid just over 1 million pounds for some of its equipment and intellectual property. (http://bit.ly/1Aof8eA)
The Telegraph
Sterling has slumped to a 17-month low against the dollar after a closely-watched economic survey suggested growth in the UK slowed to just 0.5 percent in the final quarter of the year. (http://bit.ly/1wSO0wX)
Four thousand Britons a week are lodging complaints about mis-sold payment protection insurance (PPI), leaving the financial ombudsman with several more years of wading through disputes, at a cost of hundreds of millions of pounds. (http://bit.ly/1wSO7IX)
Sky News
The executive in charge of Barclays' non-core unit is to retire after 17 years at the UK lender, Sky News understands. (http://bit.ly/1tMR2Zj)
A major Chinese food group is to swallow a 40 percent stake in Weetabix, giving it full control of the cereal maker. (http://bit.ly/1wSOxyR)
The Independent
Bitcoin has been dealt another blow after a major European bitcoin exchange admitted it was targeted by hackers, who stole £3.4 million worth of the cryptocurrency. (http://ind.pn/1BFnNXk)
Rangers International Football Club Plc has rejected a more than 18 million pounds takeover bid from Robert Sarver - but said they would welcome financial support from the businessman with funds likely to run out before the end of this month. (http://ind.pn/1wiSaPA) ($1 = 0.6611 pounds) (Compiled by Luke Koshi in Bengaluru; editing by Andrew Hay)
|
1,389,741,170 |
2014-01-14 23:12:50+00:00
|
{"Bitcoin": [159, 367, 635, 783, 1108]}
|
{"Bitcoin": [38]}
|
Wells Fargo organizes meet to discuss Bitcoin rules: FT
|
https://finance.yahoo.com/news/wells-fargo-organizes-meet-discuss-231250644.html
|
Reuters
|
https://www.reuters.com/
|
(Reuters) - Wells Fargo & Co has called finance executives, virtual currency experts and U.S. government representatives to discuss "rules of engagement" with Bitcoin amid concern about the money laundering risk of the currency, the Financial Times reported. The meeting, scheduled for Tuesday in San Francisco, focuses on the security issues surrounding banking and Bitcoin as financial regulators warn consumers on the risks of using unregulated online currencies, the London-based financial daily reported. ( http://link.reuters.com/jen95v ) The fourth-largest U.S. bank by assets has shown interest in dealing with a potential new Bitcoin economy, but regulatory uncertainty has deterred banks from offering services to virtual currency start-ups, the newspaper said on Tuesday. Bitcoin, which unlike conventional money is bought and sold on a peer-to-peer network independent of any central authority, has grown popular among users who lack faith in the established banking system. Wells Fargo's anti-money laundering chief, Jim Richards, has launched a group to examine how the bank might safely offer Bitcoin-related services or banking arrangements to virtual currency entrepreneurs, the Financial Times said, quoting people familiar with the matter. The bank aims to draw up a new set of anti-money laundering rules for financial institutions to follow when dealing with virtual currency start-ups, the paper said, citing a person familiar with the matter. (Reporting by Avik Das in Bangalore; Editing by Kirti Pandey)
|
1,389,741,170 |
2014-01-14 23:12:50+00:00
|
{"Bitcoin": [159, 367, 633, 781, 1106]}
|
{"Bitcoin": [38]}
|
Wells Fargo organizes meet to discuss Bitcoin rules: FT
|
https://finance.yahoo.com/news/wells-fargo-organizes-meet-discuss-231250984.html
|
Reuters
|
http://www.reuters.com/
|
(Reuters) - Wells Fargo & Co has called finance executives, virtual currency experts and U.S. government representatives to discuss "rules of engagement" with Bitcoin amid concern about the money laundering risk of the currency, the Financial Times reported.
The meeting, scheduled for Tuesday in San Francisco, focuses on the security issues surrounding banking and Bitcoin as financial regulators warn consumers on the risks of using unregulated online currencies, the London-based financial daily reported. (http://link.reuters.com/jen95v)
The fourth-largest U.S. bank by assets has shown interest in dealing with a potential new Bitcoin economy, but regulatory uncertainty has deterred banks from offering services to virtual currency start-ups, the newspaper said on Tuesday.
Bitcoin, which unlike conventional money is bought and sold on a peer-to-peer network independent of any central authority, has grown popular among users who lack faith in the established banking system.
Wells Fargo's anti-money laundering chief, Jim Richards, has launched a group to examine how the bank might safely offer Bitcoin-related services or banking arrangements to virtual currency entrepreneurs, the Financial Times said, quoting people familiar with the matter.
The bank aims to draw up a new set of anti-money laundering rules for financial institutions to follow when dealing with virtual currency start-ups, the paper said, citing a person familiar with the matter.
(Reporting by Avik Das in Bangalore; Editing by Kirti Pandey)
|
1,389,741,170 |
2014-01-14 23:12:50+00:00
|
{"Bitcoin": [159, 367, 633, 781, 1106]}
|
{"Bitcoin": [38]}
|
Wells Fargo organizes meet to discuss Bitcoin rules: FT
|
https://finance.yahoo.com/news/finance.yahoo.com/news/wells-fargo-organizes-meet-discuss-231250984.html
|
Reuters
|
http://www.reuters.com/
|
(Reuters) - Wells Fargo & Co has called finance executives, virtual currency experts and U.S. government representatives to discuss "rules of engagement" with Bitcoin amid concern about the money laundering risk of the currency, the Financial Times reported.
The meeting, scheduled for Tuesday in San Francisco, focuses on the security issues surrounding banking and Bitcoin as financial regulators warn consumers on the risks of using unregulated online currencies, the London-based financial daily reported. (http://link.reuters.com/jen95v)
The fourth-largest U.S. bank by assets has shown interest in dealing with a potential new Bitcoin economy, but regulatory uncertainty has deterred banks from offering services to virtual currency start-ups, the newspaper said on Tuesday.
Bitcoin, which unlike conventional money is bought and sold on a peer-to-peer network independent of any central authority, has grown popular among users who lack faith in the established banking system.
Wells Fargo's anti-money laundering chief, Jim Richards, has launched a group to examine how the bank might safely offer Bitcoin-related services or banking arrangements to virtual currency entrepreneurs, the Financial Times said, quoting people familiar with the matter.
The bank aims to draw up a new set of anti-money laundering rules for financial institutions to follow when dealing with virtual currency start-ups, the paper said, citing a person familiar with the matter.
(Reporting by Avik Das in Bangalore; Editing by Kirti Pandey)
|
1,420,624,549 |
2015-01-07 09:55:49+00:00
|
{"Bitcoin": [1731], "BTC": [1961]}
|
{"Bitcoin": [0]}
|
Bitcoin exchange Bitstamp says to resume trading within 24 hours
|
https://finance.yahoo.com/news/bitcoin-exchange-bitstamp-says-resume-095549600.html
|
Reuters
|
http://www.reuters.com/
|
LJUBLJANA (Reuters) - Bitstamp, one of the largest exchanges for the digital bitcoin currency, said on Wednesday it expected to resume trading within 24 hours after suspending operations because of a security breach on Sunday.
Customers would not lose money because of the breach and security would be increased, said Damijan Merlak, one of Bitstamp's two Slovenian founders.
Bitstamp had suspended its service after the breach resulted in the loss of around 19,000 bitcoins with a value of some $5 million.
"Trading will resume as soon as the new infrastructure will be in place and tested. We expect that is likely to happen within the next 24 hours," Merlak told Reuters in an emailed message on Wednesday.
"In the future we will strengthen security measures while the most important thing for clients is that they will suffer no financial damage as that will be covered by our company," Merlak added.
He gave no further details of the problem.
Last February, Bitstamp claimed that developers had come up with a solution to thwart cyber attacks against its platform after Mt. Gox, once the world's biggest bitcoin exchanges, lost an estimated $650 million worth of the virtual currency when its computer system was hacked.
The Bitstamp breach represented a small fraction of its total bitcoin reserve and the majority was held in secure offline systems, the Slovenia-based firm posted on its website on Tuesday. (http://bit.ly/1eTIPEt)
Bitstamp had said it believed one of its wallets, which store the digital credentials for a customer's bitcoin holdings, had been compromised.
It had notified all customers after learning of the breach, requesting them not to make any deposits to previously issued bitcoin deposit addresses.
Bitcoin, the best-known virtual currency, started circulating in 2009. Unlike conventional money, bitcoin is generated by computers and is independent of control or backing by any government.
A bitcoin is currently worth $276.80 (BTC=BTSP).
Merlak is one of two Slovenians who founded Bitstamp in 2011. The company has made its two founders millionaires, according to the Slovenian media.
(Reporting By Marja Novak; editing by Keith Weir)
|
1,389,790,858 |
2014-01-15 13:00:58+00:00
|
{"Bitcoin": [140, 217, 1074, 1150]}
|
{"Bitcoin": [82]}
|
The Focused Stock Trader Becomes One of the First Financial Newsletters to Accept Bitcoin
|
https://finance.yahoo.com/news/focused-stock-trader-becomes-one-130058024.html
|
Marketwired
|
http://www.marketwired.com/
|
NEW YORK, NY--(Marketwired - Jan 15, 2014) -The Focused Stock Trader(www.thefocusedstocktrader.com) announced today it will start accepting Bitcoin via BitPay. For a limited time,The Focused Stock Traderwill accept 1 Bitcoin for an annual subscription representing a 50% discount.
• The Focused Stock Trader'sEditor, Harris Shapiro, has over 50 years' experience in the securities industry and started providing investment ideas to friends and business contacts in 2010. In 2013 TFST Publishing was formed and created a subscription newsletter, The Focused Stock Trader. Shapiro and his team were correct 79 out of 84 recommendations with an average return of 24% per trade with several trades generating returns in excess of 100%. The average holding period for the recommended trades was 23 days. THE FOCUS STOCK TRADER WAS CORRECT 94% OF THE TIME GENERATING 24% EVERY 23 DAYS OR AN ANNUALIZED RETURN OF 266%. The complete track record is available on the sitewww.thefocusedstocktrader.com.
Commenting on the announcement Mr. Shapiro stated, "Given that the acceptance of Bitcoin is growing by the day, I felt it was appropriate to begin accepting Bitcoin as payment for subscribers."
The Focused Stock Trader offers a monthly subscription for $150. A free 2 week trial is available to test the service. Please visit The Focused Stock Trader atwww.thefocusedstocktrader.comor contact them by email atinfo@thefocusedstocktrader.com.
Past results are not indicative of future performance. For more details on our track record, please see the Results page of our website. Also, please carefully read the disclaimer on our website.
|
1,420,650,000 |
2015-01-07 17:00:00+00:00
|
{"Bitcoin": [6675]}
|
{}
|
Web Poets Society
|
https://finance.yahoo.com/news/poets-society-170000516.html
|
The Atlantic
|
http://www.theatlantic.com/
|
It’s 3 a.m. and the emails are coming in fast and furious. My iPhone is pinging like a Vegas slot machine that’s come up all cherries. What’s the emergency? I had just joined a discussion thread for a popular online poetry class—ModPo—and Emily Dickinson’s "Volcanoes Be in Sicily" is the subject of hot debate. Within 24 hours, there are over a hundred posts about this poem alone: "Why the archaic use of 'be'?" "What of the perplexing 'lava steps'?"One participant lapses into German and has started a discussion group in Switzerland. Another gushes,"ModPo=cyber peyote."
It’s the third year of theModern & Contemporary American Poetrycourse, the brainchild of University of Pennsylvania English professorAl Filreis.ModPois taught out of UPenn but it’s delivered as aMOOC—also known as a "massive open online course"—meaning it’s a virtual, free class available to Internet users around the world.ModPoenrolled 42,000 students in its first year and some 38,000 this past semester. Enrollees get access to a syllabus, links to texts, and prerecorded discussions of the poems, along with other video clips. They take periodic quizzes and write optional essays. And every Wednesday features a live webcast from UPenn’sKelly Writers Housein Philadelphia. Filreis stresses that the community aspect—study and meetup groups, real or virtual—is integral to the online coursework, and he and his team strive to make themselves available to students. After our recent phone interview, Filreis even invited me to a meetup in Manhattan to seeModPoin action.
I shuffled down a dark stairwell into the basement of the Hudson Park branch of the New York Public Library, one ofModPo’snewest partners. Nearly 50 people of all ages were already sitting in a circle under blinking fluorescent lights by the time I arrived, a few minutes late; more students streamed in after. Like an AA meeting, we introduced ourselves one-by-one and then divulged our secret—that we were, in fact, interested in poetry.
Gregarious and welcoming, Filreis listened carefully as we identified ourselves and explained our backgrounds. The group included architects and archivists, lawyers and therapists, business people and more than one "science-y guy." Few of the attendees actually majored in English, though many were repeat offenders toModPo. After reading Dickinson’s poem aloud, we each received our assignment—a word or phrase from the text for discussion. (Someone even got the word "I.") This meetup proceeded just like any ofModPo’s online sessions, the main difference being the time spent on each poem and the in-person interaction we shared with Filreis and his cadre of graduate students. The online course, which lasts 10 weeks, covers the whole canon of modern and postmodern poetry, from Allen Ginsberg to Rae Armantrout.
Contrary to popular belief, the "MOOC need not be impersonal," said Filreis, who describes close reading as "a social act." Filreis isn’t a fan of conventional lectures. Instead, he wants to show students a new way of consuming literature, how to "slow down and read intensely, get excitement out of aesthetics and form, not content." Filreis wants to engage a range of of people—not just students and educators, but doctors and engineers, immigrants who are still learning English. The diversity of the discussion groups isn’t surprising;ModPodiscussion groups have exploded in popularity nationally and even internationally. As of last Fall, Filreis or otherModPostaff were moderating groups in Los Angeles, Chicago, New York, D.C., San Francisco, and Prague. That’s on top of the dozens of user-led groups hosted around the world.
ButModPooffers just one example of how poetry is increasingly making its mark on the online-education world. Harvard University literature professor Elisa New, for example, has launched a similar virtual course calledPoetry in America. Now in its third year, the class is being expanded to include a two-year exploration of the entire American poet tradition. Like Filreis, New’s mission is to make poetry resonate with a broader audience: "We have to get outside the gates. What we have [in poetry] is too precious. We have to stop beating ourselves up about how the humanities are dying and instead ask, 'How do we reach all those intelligent people who love language, all those kids who delight in the rhymes of hip hop?'"
New is also interested inhow poetry "creates a sense of cultural self-understanding"—how it’s used as a tool to reflect on identity, relationships, society, and history.To help guide members of the Harvard basketball team through Edward Hirsch’s poem "Fast Break," for example, New dons an athletic t-shirt. She talks about Hirsch’s use of adverbs, the effect of the long "i" sounds, high and gliding; she concludes by comparing basketball to a poem and life itself, each of which has an "overall form that can be seen if we pause to look at it."
And now, in addition to the online class, New is targeting even more "casual" learners: She just developed a television show based on her course. The pilot features well-known public figures ranging from Bill Clinton to Sonya Sanchez reading their favorite poems.LikeModPo,New’s course is popular among users around the world, with students representing nearly 150 countries. Certain topics, such as Whitman, are more popular among participants than others. Others, meanwhile, have attracted specific populations. The section on Puritan poetry, for example, gained particular traction with users in the Middle East.
But skeptics of online education still question if academic subjects, let alone poetry, can be taught on the web. They stress that true scholarship takes patience and time—values that aren’t inherent to online education. Even though many MOOCs offer certificates of completion, only 5 percent of of those who enroll actually stick to it. And, despite their popularity, both UPenn and Harvard’s poetry classes have experienced high dropout rates as well.
But Filreis suggests that the courses’ objectives are more important than their measurable outcomes.ModPo, he said, isn’t about the number of people who complete it—and it certainly isn’t designed to replace a traditional college seminar. After all, data indicates that most of the students who sign up already have some formal higher education under their belt. Rather, ModPo—and Poetry in America—are about reaching more minds and opening more people to the possibilities of language. They're about finding Whitman not only under boot soles but on smartphones, too.
ReadWeb Poets Societyon theatlantic.com
More From The Atlantic
• Homeless and Hoarding
• Why Are So Few Black People Using Bitcoin?
• Suburbs and the New American Poverty
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1,445,450,406 |
2015-10-21 18:00:06+00:00
|
{"Bitcoin": [457, 569, 602, 822]}
|
{}
|
What to Expect from Overstock.com's (OSTK) Q3 Earnings?
|
https://finance.yahoo.com/news/expect-overstock-coms-ostk-q3-180006850.html
|
Zacks
|
http://www.zacks.com/
|
Overstock.com Inc.OSTK is expected to report third-quarter 2015 results after the closing bell on Oct 22. Last quarter, the company posted a negative earnings surprise of 46.15%.
Let us see how things are shaping up for this announcement.
Factors to Consider
Overstock’s second-quarter 2015 earnings of 7 cents missed the Zacks Consensus Estimate by a significant margin while revenues of $398 million beat the consensus mark of $387 million.
Overstock, a Bitcoin supporter, hopes to reinvent the public stock market using cryptosecurities, or virtual stocks based on Bitcoin's blockchain technology. Bitcoin is a digital currency platform with no central regulating authority involved in the transactions. It is also called crypto currency because it utilizes military-grade cryptography to protect users against fraud. Bitcoin and other cryptocurencies operate on blockchain which is a distributed public ledger.
Cryptosecurities will likely bring the next major change in the stock market. With the SpeedRoute deal, Overstock will enter a new financial technology space. SpeedRoute’s infrastructure and underlying technologies will help the company to connect t0 securities trading platform with the entire U.S. equity market. This will enhance transparency and efficiency of the existing capital markets, which was the basic idea behind t0.com.
The blockchain technology allows investors and buyers to trail down their purchases and ownership of cryptosecurities, ensuring complete transparency. Moreover, the t0.com blockchain technology facilitates same-day settlement of the securities.
In June, Overstock offered its first corporate bond, worth US$25 million, as cryptosecurities to qualified institutional investors. This revolutionary development is part of the company's larger cryptofinance initiative known as Medici.
Stocks to Consider
Here are some companies, which you may consider as our model shows that they have the right combination of elements to post an earnings beat this quarter:
Here are some companies which you may consider instead, as our model shows they have the right combination of elements to post an earnings beat this quarter:
Pandora Media, Inc. P with an Earnings ESP of +50.00% and a Zacks Rank #1 (Strong Buy).
Anika Therapeutics Inc. ANIK, with an Earnings ESP of +2.94% and a Zacks Rank #1.
SkyWest Inc. SKYW, with an Earnings ESP of +4.55% and a Zacks Rank #1.
Want the latest recommendations from Zacks Investment Research? Today, you can download7 Best Stocks for the Next 30 Days.Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free reportSKYWEST INC (SKYW): Free Stock Analysis ReportPANDORA MEDIA (P): Free Stock Analysis ReportANIKA THERAPEUT (ANIK): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research
|
1,420,654,530 |
2015-01-07 18:15:30+00:00
|
{"Bitcoin": [53, 90, 202, 345, 1383, 2215, 2403, 2431, 2529], "BTC": [0]}
|
{"Bitcoin": [1]}
|
'Bitcoin Jesus' Renounced His American Citizenship— So Now The U.S. Isn't Letting Him In
|
https://finance.yahoo.com/news/bitcoin-jesus-renounced-american-citizenship-131500813.html
|
Business Insider
|
http://www.businessinsider.com/
|
BTC Keychain
Roger Ver, a high-profile member of the Bitcoin community commonly known as "Bitcoin Jesus," has been denied a U.S. visa — despite having been born in the country.
Ver is well-known in the Bitcoin community as an entrepreneur and angel investor, having funded products including Blockchain, Ripple and Blockpay. He became known as "Bitcoin Jesus" after giving thousands of coins of the virtual currency away for free. He was born in the U.S. and was a citizen until he renounced his citizenship in March 2014—and now Ver says the Government isn't letting him back in.
As Coindesk is reporting, Ver has posted on Twitter that the U.S. government has refused his recent request for a non-immigrant visa, leaving him "effectively locked out of his native USA."
Here's Ver's tweet:
Ver complains that the decision has forced him to miss speaking appointments at conferences in the States, and that the U.S. Embassy in Barbados refused to even consider the evidence for his application.
The official reasoning behind Ver's rejection is that he doesn't have sufficient "ties" to his home country in the Caribbean, and has not "demonstrated that [he] have the ties that will compel [him] to return to your home country after your travel to the United States,"according to a picture he tweeted of a letter that appears to be from the embassy.
Flickr/OFFICIAL LEWEB PHOTOSRoger "Bitcoin Jesus" Ver In short, U.S. officials are worried that Ver might choose not to leave, and become an illegal immigrant in his home country.
Ver can't appeal the decision, but he is able to apply all over again, according to Coindesk. He has an American criminal record that could count against him, however — he's previously been jailed for 10 months for selling illegal firecrackers to farmers.
The fiercely libertarian entrepreneur has also appealed for others to follow his lead on citizenship,launching a website in June 2014that helps wealthy people pay their way to citizenship on his new island home of the Federation of St. Kitts and Nevis in the West Indies.
He had originally surrendered his American citizenship a month after moving to the islands, in February 2014.
In an interview in 2013, Ver claimed discovering Bitcoin landed him in hospital, after he "stayed up nights reading about the currency and the lack of sleep made him sick."
More From Business Insider
• Hackers Steal £3.4 Million From UK Bitcoin Exchange Bitstamp
• Bitcoin Is Getting Smoked To Start The New Year
• Police Are Investigating Whether A $730 Million Bitcoin Heist Was Actually An Inside Job
|
1,389,813,353 |
2014-01-15 19:15:53+00:00
|
{"Bitcoin": [419, 504, 1981, 3000], "BTC": [2014]}
|
{"Bitcoin": [0]}
|
Bitcoin Fundraiser for Oakland Mayoral Candidate, Bryan Parker
|
https://finance.yahoo.com/news/bitcoin-fundraiser-oakland-mayoral-candidate-191553645.html
|
Marketwired
|
http://www.marketwired.com/
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SANTA MONICA, CA and OAKLAND, CA--(Marketwired - Jan 15, 2014) - Wednesday, January 22nd, 6:30 PM - 9 PM, Brock Pierce and GoCoin are proudly hosting a fundraiser at the exclusive Santa Monica Social House, 41 Ocean Club, supportingBryan Parker, a 2014 mayoral candidate for Oakland, CA. This Meet & Greet introducing Parker to the Los Angeles and bitcoin communities is slated to include an illuminating "Insight Into Bitcoin" talk by Brock Pierce and gourmet delights prepared by Chef Jimmy Martinez.
"Bitcoin is a tool we can use to dissolve inequality, be it social or economic, and facilitate change for whole communities," said Mayoral Candidate, Bryan Parker. "I see the role of technology as solving real world problems, like job creation, in lasting ways, such as providing merchants cost-effective gateways into e-commerce and online markets."
"It's exciting to see a candidate for government office support the powerful technology of bitcoin," said host, Brock Pierce. "His sense of urgency when it comes to uplifting the community is refreshing and inspiring."
If you are interested in participating in this event,ticketsstart at $50 and may even be purchased with bitcoin through integration withGoCoin, a leading digital currency payment processor.
If you would like to make a donation to Bryan Parker's campaign, please visit:https://forms.gocoin.com/forms/bryan_parker_2014for bitcoin donations andhttps://bryanparker.nationbuilder.com/donatefor traditional donations.
ABOUT BROCK PIERCEBrock Pierce is a 15-time entrepreneur best known for pioneering the market for digital currency. He has raised more than $200 million on behalf of his companies and led more than 30 acquisitions. Pierce is currently a Managing Director of the Clearstone Global Gaming Fund and sits on the boards of IMI Exchange, GoCoin, ExpressCoin, KnCMiner.cn, Robocoin Asia, Mastercoin Foundation, and others. He is also BitAngels' Los Angeles City Leader and an angel investor in numerous Bitcoin related startups such as BTC China.
ABOUT BRYAN PARKERBryan Parker is a member of the Executive Leadership Council and a former member of the Hilton Group, a designation for the top executives at Davita Healthcare where he grew a division from $400 million to $700 million in four years. He's led operations and development in the private sector, managing and growing multi-million dollar budgets and creating local jobs. Parker holds a BA in Political Science and Economics from University of California at Berkeley where he was a student senator. He also holds a JD from the NYU School of Law, where he was president of his class.
ABOUT GOCOINThe GoCoin international payment platform enables merchants to reap the benefits of accepting digital currency eliminating credit card fraud and identity theft. GoCoin removes all of the perceived risk by accepting the digital currency on behalf of merchants and clearing the payments instantly via their sophisticated proprietary back end systems. GoCoin processes Bitcoin and Litecoin payments for online and brick and mortar retailers.
|
1,445,463,745 |
2015-10-21 21:42:25+00:00
|
{"BTC": [4696]}
|
{}
|
Caribbean Students to Benefit From Flow, One-on-One Education Partnership
|
https://finance.yahoo.com/news/caribbean-students-benefit-flow-one-214225860.html
|
Marketwired
|
http://www.marketwired.com/
|
MIAMI, FL--(Marketwired - Oct 21, 2015) - Cable & Wireless, operator of the Flow and LIME brands, has signed a landmark five-year exclusive partnership with One on One Education Services aimed at offering Caribbean students greater access to a wide variety of study materials for GSAT, CSEC and CAPE examinations.
One on One Education Services will provide a variety of educational materials including video tutorials for full online courses, video lectures, and past paper solutions, as well as other examination preparation materials such as notes, question and solutions banks. This education programme will also include a Digital Encyclopaedia, Virtual Labs -- a unique visual and interactive way of learning.
As part of this partnership, Flow customers will receive the basic education package at no additional cost with their Broadband service and will be able to upgrade at exclusively discounted prices. The education content will be available seamlessly across a Flow Study website, exclusive Flow Study apps, as well on the Flow Video On Demand TV platform.
"This is yet another demonstration of our commitment to technology investment for the development of the region," said John Reid, President of C&W Consumer Group. "Through initiatives such as One on One we have a tremendous opportunity to provide our customers with access to high quality education tools across multiple platforms that would have otherwise been costly and unattainable," he added.
Reid also said, "We went through a vigorous process to determine which provider had the best overall education solution in the region. Our quest led us to One on One, and we are truly delighted to be able to deliver the best to our customers."
Ricardo D. Allen, President & CEO of One on One Educational Services, also noted, "We are very excited about this partnership with Cable & Wireless/Flow. This will propel our education programme to new heights, new markets and provide access that was considered unattainable." Allen further explained that in just a few years, his Company has enabled over 2,000 students in Jamaica alone, to enhance their performance at the CSEC/CAPE examination. He stated that several students have gained scholarships and grants toward their tertiary education.
Allen added, "Our vision has always been to expand our business model through enabling greater access to our products as well as to continue in our effort to create even more online learning content which we will be doing through this deal. Cable & Wireless Communications is the market leader in the Caribbean for the provision of mobile, broadband and TV and therefore this deal fits nicely into our strategic objective to educate students anywhere, at any time. Through this deal, in addition to Internet access, students will be able to prepare for their exam from the comfort of their living room, on their TV, or on-the-go via Flow's mobile platform.
The partnership is expected to continue the efforts of past initiatives of One on One to reduce the cost of education and increase the participation rate of children, and adults in learning. "Our objective is to have everyone learning something; now it's GSAT, CSEC & CAPE and tomorrow it may well be CPA, ACCA & CFA. Wherever there is learning, Flow & One on One will be your partner," Allen stated.
About C&W CommunicationsCable & Wireless Communications Plc (CWC) is a full service communications and entertainment provider, operating in the Caribbean and Latin America. With annual sales of over US$2.4 billion, it operates both mobile and fixed networks, supported by submarine and terrestrial optical fibre backhaul capacity. Through the acquisition of Columbus International Inc on 31 March 2015, C&W now delivers superior high-speed mobile data, broadband and TV/video services. It has leading market positions in Mobile, Fixed Line, Broadband and TV consumer offers.
Through its business division, C&W provides data centre hosting, domestic and international managed network services, and customised IT service solutions, utilising cloud technology to serve business and government customers.
The company also operates a state-of-the-art subsea fibre optic cable network that spans more than 48,000 km -- the most extensive in the region -- as well as 38,000 km of terrestrial fibre providing wholesale and carrier backhaul capacity and a growing suite of wholesale managed services.
C&W has more than 7,500 employees serving over 6 million customers (Mobile 3.8m; Fixed Line 1.1m; Video 460k and Broadband 665k) as well as over 125k corporate clients and 225 wholesale customers across 42 countries. The Company's leading brands include: LIME and Flow in the Caribbean; BTC in The Bahamas; Mas Movil in Panama; C&W Business and C&W Networks. C&W is the market leader in most products offered and territories served. It is a major contributor to local communities through its corporate social responsibility programmes.
Cable & Wireless Communications' shares are quoted on the London Stock Exchange under the ticker CWC. The company is headquartered in London with its operational hub located in Miami, within close proximity to the Caribbean and Latin America. For more information visit:www.cwc.com.
|
1,420,686,900 |
2015-01-08 03:15:00+00:00
|
{"Bitcoin": [31, 216, 359, 1057, 1800, 2004, 2114]}
|
{"Bitcoin": [24]}
|
SilentVault's Anonymous Bitcoin Multi-Asset Wallet & Exchange Platform Welcomes New Operations Lead Seamus O'Pearse
|
https://finance.yahoo.com/news/silentvaults-anonymous-bitcoin-multi-asset-031500220.html
|
ACCESSWIRE
|
https://www.accesswire.com/
|
Anonymous peer-to-peer instant Bitcoin wallet and exchange platform SilentVault has a new Operations Lead Seamus O'Pearse
Switzerland / ACCESSWIRE / January 7, 2015 /SilentVault's anonymous peer-to-peer, multi-asset Bitcoin wallet and exchange platformuses sophisticated technology to enable anonymous communication and secure off-blockchain transactions for Bitcoin and Litecoin. The company is now announcing a change in personnel with the the transition of SilentVault founder Sean Daley who is leaving his position as Operations Lead to take the role of the company's general counsel (non-practising). Law and business expert Seamus O'Pearse will take over the Operations role as of 1 January 2015 maintaining the uncompromising professionalism and commitment to privacy associated with SilentVault.
New Operations Lead Seamus O'Pearse is an attorney experienced in alternative online payment systems with 15 years of experience in digital currency businesses. Seamus was one of the earliest legal adopters of digital gold currency and has now embraced Bitcoin and its fast-evolving, censorship-resistant descendants. One of Seamus's favourite quotes is from a poem of rebellion by freedom-fighter Patrick Henry Pearse (Padraic Mac Piarais):
"Did ye think to conquer the people, or that Law is stronger than life and than men's desire to be free?"
Seamus is currently dedicated to and immensely enjoying a sabbatical term 'unlawyering in the new badlands' with the support and protection of some very technically adept friends. Seamus is now ready to invest decades of past experiences and professional expertise as 'Operations Lead' at SilentVault where he has now relieved the Founder, Sean Daley, effective January 2015.
About SilentVault:
SilentVault is an open source peer-to-peer anonymous Bitcoin wallet with built-in exchange and embedded escrow; the wallets are multi-asset and can hold any supported asset types side-by-side. SilentVault allows cryptocurrency adopters to spend and receive Bitcoin and Litecoin entirely off the blockchain enabling users to freely transfer assets to and from regular Bitcoin and Litecoin addresses rapidly and anonymously.
Unlike ordinary exchanges which require the user to hold their entire balances within the exchange and use a browser to log in and trade, SilentVault uses a built-in trading floor within the anonymous wallet. Users can exchange assets with other users anonymously and choose to fund escrow for the trades they enter or accept. Assets traded with SilentVault are stored in the wallets at all times if the user doesn't choose to trade using escrow.
SilentVault provides a completely private client networkand considers all aspects of conducting business including communication. SilentVault wallets communicate using XMPP (Jabber chat), within private servers with no public-facing IPs. End-to-end peer-to-peer encryption ensures that not even SilentVault can monitor private chats or access other wallet related information bringing complete anonymity and privacy to users.
For more information about us, please visithttps://silentvault.com/
Contact Info:
Name: Tyrone JohnsonEmail:tyrone@silentvault.comOrganization: Silent Vault
SOURCE:Silent Vault
|
1,420,688,892 |
2015-01-08 03:48:12+00:00
|
{"Bitcoin": [491]}
|
{}
|
Hands On with the Nymi Band: A Bracelet That Lets You Pay with Your Heartbeat
|
https://finance.yahoo.com/news/hands-on-with-the-nymi-band-a-bracelet-that-lets-107469641829.html
|
Yahoo Tech
|
https://www.yahoo.com/tech/
|
Nymi Band The Nymi Band in black. (Alyssa Bereznak/Yahoo Tech) Sure, its convenient to buy things with a fingerprint . But you know whats even easier? Using your heartbeat. At least thats the pitch from the makers of Nymi , a smart bracelet that uses your heartbeat to help you gain access to all your private accounts and information. I first wrote about the Nymi Band nearly a year ago , when the company announced it was developing the ability to use the gadget as a method to protect Bitcoin transactions. Now, its creators have finalized the bands hardware form and are showing it off for the first time at this years Consumer Electronics Show. I got to try it on and see a brief demo Wednesday. Though it still has a long way to go before its ready for commercial use, the gadget will be pretty freaking awesome come shipping day. In theory, Nymi works like this: You wake up, get ready, and strap the gadget to your wrist. The thin band of the bracelet is light and comfortable, and though you wouldnt notice is comprised of an electrical circuit. When you close the magnetized clasp, that circuit is complete. On the side of the clasp, there are LED lights that flash the battery life of the bracelet (it lasts about a week and takes two hours to charge). The Nymi Band is now shipping to developers for $150. (Courtesy of Nymi) Then you open up an app called Nymi Companion (though theres currently only a Windows desktop version of it now, the company plans to make mobile Android and iOS versions as well). Click A ctivate My Nymi Band , and itll begin searching for the unique electrocardiography of your heartbeat (or ECG). After a few seconds pass, itll recognize you, and then youre free to move about your day, authorizing transactions, unlocking cars, or accessing your office building by simply wearing the band. As long as the band stays clasped, you can use it for any application you approve. You have to prove that you are you so many times during the day by entering a password, unlocking a door, using an access card, Nymi marketing rep Shawn Chance said. All of those friction points, once you put this on, can seamlessly melt away. You dont need to fiddle with a key, you dont need to look for a badge in your pocket, you dont need to do any of those things. And if your band falls into the wrong hands, its useless to that person. Story continues In practice, however, Nymi doesnt quite fulfill that fantasy. Currently, its only working app is a WIndows login. But theres a pilot program to connect MasterCard and RBC Bank with the bracelet, so people can make contactless payments. Chance is also hopeful that, now that Nymis development kit is public, enterprising coders will begin developing cool applications for the gadget. Nymi contains a haptic feedback motor so that it can vibrate when transactions are approved. It also features a gyroscope and accelerometer. Though those sensors arent currently being put to use, Chance says those features are up for grabs for zealous developers, too. Follow Alyssa Bereznak on Twitter or email her .
|
1,445,521,020 |
2015-10-22 13:37:00+00:00
|
{"BTC": [316, 1135, 1236, 2044, 2325]}
|
{}
|
Global Arena Holding Sub Explores Secured Blockchain Voting
|
https://finance.yahoo.com/news/global-arena-holding-sub-explores-133700516.html
|
Marketwired
|
http://www.marketwired.com/
|
NEW YORK, NY--(Marketwired - Oct 22, 2015) - Global Arena Holding, Inc. (the "Company") (OTC PINK:GAHC), announced today, that its subsidiary,Global Election Services, Inc. ("GES"), is exploring expansion opportunities offeringsecured blockchain votingapplications developed by Blockchain Technologies Corporation ("BTC").
"We have a sizable, longstanding client list, which speaks volumes to the quality and reputation of our elections services," statedMs. Maralin Falik, President of GES and Chairwoman of the Mediation and Arbitration Division. "Our intended expansion usingsecured blockchain votingplatforms, however inviting it may be, must maintain the surety of a safe and secure voting process -- the caliber of which GES' team is known for.
"We're confident, that if there is any such technology that can support the expansion of GES andadvance ballot elections into a high-tech world, 'the blockchain' is it."
GES, which has been a major contributor to the Company's bottom line, has explored the possibility of expansion through the use ofsecured blockchain votingapplications since the Company began acquisition talks with BTC. Management indicated that growth opportunities are abound for GES, if successfully aligned with BTC, setting the stage for GES to become a leading election management company.
Mr. John Matthews, CEO of the Company, stated, "Ms. Falik has participated in over 7,000 plus elections and processed over 40,000,000 ballots in her 30 plus years of election administration. I believe this affords her some authority to suggest what the future of ballot election services could resemble, with the implementation of the right technology."
"I too support an evolved voting process. Faster. More secure. Accurate. Non-tamperable and foolproof. Most important, 'electronic,' making it convenient and globally accessible. I'm quite positive, there are a many advocates that would agree, if there is any technology that couldadvance ballot elections into a high-tech world, 'the blockchain' is it."
Executive teams at BTC and GES have already begun conceptually augmenting the process of registered mail ballots, in-person registrations, tabulations and internet voting. With an extensive background in government elections and a working knowledge of elections for Labor Unions, Associations, etc., BTC certainly brings strength to GES family.
Ms. Falik concluded, "The possibilities here are truly amazing! We are firmly committed to deliveringsecured blockchain votingapplications, to the election services industry."
For more information on what this news means for the Company, visit:http://wp.me/p6Nf5M-CL
About Global Arena Holding
The Company trades on the OTC Pink Sheets under the ticker symbol GAHC. The Company has been publicly traded since 2011 and holds a number of interests, including Global Elections Services, Inc. and GAHI Acquisition Corp. The Company focuses on acquiring technologies, patents and companies having the ability to leverage the blockchain crypto technology.
For more information visit:http://globalarenaholding.com
Twitter:www.twitter.com/GlobalArenaGAHCFacebook:www.facebook.com/GlobalArenaHoldingGAHCLinkedIn:www.linkedin.com/pub/global-arena-holding/107/86a/a7Google+:http://tinyurl.com/GlobalArenaHolding
Safe Harbor Statement
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release contains statements that are forward-looking, such as statements related to the future anticipated direction of the industry, plans for future expansion, various business development activities, planned or required capital expenditures, future funding sources, anticipated sales growth, and potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by, or on behalf of, the company. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, domestic and global economic conditions, and other risks and uncertainties described in the Company's periodic filings with the Securities and Exchange Commission.
|
1,445,522,400 |
2015-10-22 14:00:00+00:00
|
{"BTC": [5359]}
|
{}
|
C&W Business Develops Comprehensive Disaster Recovery Plans to Complement Industry-Leading Disaster Recovery as a Service Solution
|
https://finance.yahoo.com/news/c-w-business-develops-comprehensive-140000682.html
|
Marketwired
|
http://www.marketwired.com/
|
MIAMI, FL--(Marketwired - Oct 22, 2015) - C&W Business, part of C&W Communications , announced today that it has completed the development of a portfolio of Disaster Recovery Plans for each of the platforms on which it delivers Disaster Recovery as a Service. With this development, clients that utilize C&W Business Disaster Recovery as a Service (DRaaS) solution not only receive the most comprehensive managed solution for business continuity on the market, but they also get a complete roadmap of processes and procedures to ensure they are following international best-practices for business continuity. The C&W Business DRaaS Solution, which was recently placed in the first Gartner Magic Quadrant for Disaster Recovery as a Service 1 , protects business data and applications from all types of disasters, from natural to man-made. Thanks to the ability to failover and failback in mere minutes, companies minimize any risk to their data, applications, or business with this fully-managed service. With an easy-to-use, secure online portal that allows companies to manage and track real-time activity and system health, businesses can rest-assured that their most important information is always secure. Now, C&W Business is also delivering a comprehensive Disaster Recovery Plan with each instance of DRaaS. These plans help businesses understand the complete benefits of the DRaaS solution beyond the technological advantages. These Disaster Recovery Plans, which are tailored directly to the platform the client utilizes, provide dynamic tools to document recovery plans at the information technology level, so businesses can manage their resources more proactively. Developed using international standards used by the Disaster Recovery International Institute (DRII), BCI, ISO 22301, and ITIL, C&W Business Disaster Recovery Plans spell out specific roles and responsibilities for each party throughout the disaster recovery process. With detailed instructions on what needs to be done before, during, and after a business interruption, businesses utilizing these tools are well-prepared to deal with all types of interruptions to their business mitigating the risk of valuable data loss. Story continues "For years, Disaster Recovery and Business Continuity solutions were viewed as a major drain on companies and their IT organizations. At C&W Business, we're focusing our efforts to change this perception. By including these specialized Disaster Recovery Plans, customized based on the technologies our customers are using, we now can help to protect our customers' networks, secure their valuable data, and assist in developing their best-practices company-wide. We feel that this, coupled with the most comprehensive managed Disaster Recovery solution on the market, will be a real game-changer for our customers," said John Maduri, President of C&W Business. With an impeccable track record and a growing list of highly satisfied users in the Caribbean and Latin American markets, C&W Business' DRaaS solution is the industry leader in managed disaster recovery in the region. To find out more about C&W Business' DRaaS solution and to read the Gartner Magic Quadrant for Disaster Recovery as a Service, visit www.cwcbusiness.com/draas . 1 Gartner, Magic Quadrant for Disaster Recovery as a Service, John P Morency, Christine Tenneson, April 21, 2015 Disclaimer Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. Source: Gartner, "Magic Quadrant for Disaster Recovery as a Service," April 21, 2015 About C&W Communications Cable & Wireless Communications Plc (CWC) is a full service communications and entertainment provider, operating in the Caribbean and Latin America. With annual sales of over US$2.4 billion, it operates both mobile and fixed networks, supported by submarine and terrestrial optical fibre backhaul capacity. Through the acquisition of Columbus International Inc on 31 March 2015, C&W now delivers superior high-speed mobile data, broadband and TV/video services. It has leading market positions in Mobile, Fixed Line, Broadband and TV consumer offers. Through its business division, C&W provides data centre hosting, domestic and international managed network services, and customised IT service solutions, utilising cloud technology to serve business and government customers. The company also operates a state-of-the-art subsea fibre optic cable network that spans more than 48,000 km - the most extensive in the region - as well as 38,000 km of terrestrial fibre providing wholesale and carrier backhaul capacity and a growing suite of wholesale managed services. C&W has more than 7,500 employees serving over 6 million customers (Mobile 3.8m; Fixed Line 1.1m; Video 460k and Broadband 665k) as well as over 125k corporate clients and 225 wholesale customers across 42 countries. The Company's leading brands include: LIME and Flow in the Caribbean; BTC in The Bahamas; Mas Movil in Panama; C&W Business and C&W Networks. C&W is the market leader in most products offered and territories served. It is a major contributor to local communities through its corporate social responsibility programs. Cable & Wireless Communications' shares are quoted on the London Stock Exchange under the ticker CWC. The company is headquartered in London with its operational hub located in Miami, within close proximity to the Caribbean and Latin America. For more information visit: www.cwc.com .
|
1,389,885,919 |
2014-01-16 15:25:19+00:00
|
{"Bitcoin": [31, 198, 393, 1152]}
|
{"Bitcoin": [0]}
|
Bitcoin Moves to Pro Sports — Sacrament Kings in the NBA
|
https://finance.yahoo.com/news/bitcoin-moves-pro-sports-sacrament-152519748.html
|
24/7 Wall St.
|
http://247wallst.com
|
The moves to adopt and destroy Bitcoin are a work in progress on both sides of the equation. It seems that each time a very negative story development comes out, then a new adoption mechanism saves Bitcoin from the trash heap. Now we have a news release that the NBA's Sacramento Kings will be the first major professional sports franchise to accept bitcoins.
The press release shows that the Bitcoin purchases will be processed through BitPay. Worth noting is that the Kings have a very new owner, Vivek Ranadivé. He is said to be directing a business philosophy coined "NBA 3.0" with a focus on technology, globalization and deep community partnerships. What is interesting here is not just the Ranadivé is an Indian businessman, but that he founded TIBCO Software.
ALSO READ:J.C. Penney Store Closures — Likely Just a Starting Point
The Kings have begun to accept bitcoins in the Kings Team Store. The store will allow fans to pay online with bitcoins for team merchandise and tickets by March 1.
If one NBA team is doing it, others are likely to follow. If the NBA is going to accept it, why not the NFL, MLB and other professional sports leagues?
Bitcoin was trading between $920 and $930 on Thursday.
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|
1,420,725,600 |
2015-01-08 14:00:00+00:00
|
{"Bitcoin": [217, 1561, 2513]}
|
{}
|
Avra, Inc. Appoints Industry Expert Barry Johnson as Data Security Manager
|
https://finance.yahoo.com/news/avra-inc-appoints-industry-expert-140000302.html
|
Marketwired
|
http://www.marketwired.com/
|
GREENVILLE, SC--(Marketwired - Jan 8, 2015) -Avra, Inc.(OTCQB:AVRND) ("Avra" or the "Company") a development stage company engaging in product innovation and activation of merchant and consumer commerce in the global Bitcoin-related digital currencies market, is pleased to announce the appointment of Mr. Barry Johnson to the position of Consulting Data Security Manager.
Mr. Johnson brings over twenty years of managerial, security, and engineering experience for commercial and government organizations. He has advised Fortune 500 and Fortune 1000 companies on a number of security and technology issues.
"Mr. Johnson is an industry leader in data security and we are pleased to have him join the team here at Avra," states Steve Shepherd, Avra, Inc. CEO. "His experience, qualifications and reputation throughout the industry are impeccable. Barry will significantly aid Avra to provide the highest level of protection to both our consumers and industry partners."
"Avra has committed to the application of data security at a level that meets or exceeds the current Payment Card Industry data security standards. The Company's voluntary accountability through the strict adherence to these standards, is truly what the digital currency industry needs today," stated Mr. Johnson. He went on to comment, "I am excited to join Avra, Inc. in the delivery of their platform. Their desire to implement security measures above and beyond those found in today's published standards within their solution only cements their commitment of security and privacy to the Bitcoin community."
Mr. Johnson is certified as a PCI-DSS & P2PE Qualified Security Assessor (QSA) and Payment Card Information Professional (PCIP), Payment Application Qualified Security Assessor (PA-QSA), and ISO 27001 Lead Auditor. He possesses broad experience in regulatory requirements at the state, federal and industry levels, including the Gramm-Leach-Bliley Act (GLBA), Health Insurance Portability and Accountability Act (HIPAA), CJIS compliance, Sarbanes-Oxley Act (SOX), Family Education and Rights Privacy Act (FERPA), and Payment Card Industry (PCI).
For more information please visit our website at:www.avraglobal.com.
About Avra, Inc.(OTCQB:AVRN)Avra, Inc. is focused on solutions in the digital currency markets, particularly in offering payment solutions to businesses worldwide. The Company's business model is divided into four distinct categories: AvraPay: to develop a complete, turn-key and painless way for merchants to accept Bitcoin as Payment; AvraATM: to promote usage and acceptance of digital currencies through the Company's proposed network of ATMs; AvraTourism: to provide cryptocurrency payment processing solutions for merchants such as hotels and casinos; AvraNews: to provide a news portal focusing on digital currency news. For more information about the Company please visit:www.avraglobal.com.
Additional information regarding Avra, Inc. and its regulatory filings can be found atwww.sec.gov.
Forward Looking StatementsSome information in this document constitutes forward-looking statements or statements which may be deemed or construed to be forward-looking statements, such as the closing of the share exchange agreement. The words "plan", "forecast", "anticipates", "estimate", "project", "intend", "expect", "should", "believe", and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve, and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (financial or operating) or achievements to differ from the future results, performance (financial or operating) or achievements expressed or implied by such forward-looking statements. The risks, uncertainties and other factors are more fully discussed in the Company's filings with the U.S. Securities and Exchange Commission. All forward-looking statements attributable to Avra Inc., herein are expressly qualified in their entirety by the above-mentioned cautionary statement. Avra Inc., disclaims any obligation to update forward-looking statements contained in this estimate, except as may be required by law.
|
1,347,025,081 |
2012-09-07 13:38:01+00:00
|
{"Bitcoin": [1231, 5352]}
|
{}
|
Claim of Romney taxes theft a puzzling whodunit
|
https://finance.yahoo.com/news/claim-romney-taxes-theft-puzzling-whodunit-223541746.html
|
Associated Press
|
https://apnews.com/
|
WASHINGTON (AP) — Assuming it's not a hoax, the purported theft of Republican presidential nominee Mitt Romney's tax returns has all the trappings of a high-tech whodunit: a politically themed burglary, a $1 million demand in hard-to-trace Internet currency, password-protected data and a threat to reveal everything in three more weeks. But can it be believed? The Secret Service and FBI were investigating the case Thursday after someone claimed to have burglarized a PricewaterhouseCoopers accounting office in Franklin, Tenn., and stolen two decades' worth of Romney's tax returns. The claimed theft, made in an anonymous letter sent to the accounting firm and political offices in Tennessee, has surfaced a critical moment during the 2012 presidential campaign amid the Republican and Democratic conventions. The ransom target in the case — Romney's tax returns — was carefully selected: Romney, worth an estimated $250 million, has steadfastly declined to make public more than one year's tax returns so far, and Democrats have sought to portray him as so wealthy he is out of touch with middle class voters. Authorities are studying computer thumb drives that were delivered with an unusual demand: a $1 million payment in "Bitcoin" Internet currency. The letter said the tax returns delivered on the thumb drives were encrypted, and more copies would be sent to "all major news media outlets." It promised to reveal the password to unlock the tax returns on Sept. 28 if payment is not made. PricewaterhouseCoopers has said there was no evidence that anything was stolen. The alleged culprit suggested an insider helped in the burglary and theft from the firm's network file servers, knowingly or unwittingly: "We are sure that once you figure out where the security breach was, some people will probably get fired, but that is not our concern," the letter said. The plot in this mystery has enough holes that it could be an elaborate hoax. But it comes at a critical moment during the 2012 presidential campaign. In its broadest outlines, the case might be compared to Watergate, the 1972 political break-in that led to President Richard Nixon's resignation. But unlike Watergate, which started with the arrest of bungling burglars traced to Republicans, the Tennessee case is a baffling mystery so far, without any clear suspects. There is no evidence Democrats were involved. Story continues "I looked at the letter and thought, 'Who on earth thinks we're gullible enough to fall for this?'" said Peter Burr, chairman of the Williamson County Democratic Party, which received one of the thumb drives and a copy of the extortion letter last week. He kept the letter and data device, growing curious about them as days passed. He rightly feared the thumb drive might be infected with a computer virus. "I had reached the point of seriously considering putting it in an old computer we have here in the office where we weren't worried if the hard drive got trashed or not," Burr said. "But by then we had received recommendations from our attorneys and word from the Secret Service. So we didn't look at it." It was unclear even among experts whether the purported theft might be a hoax. The alleged culprit so far has provided no evidence that Romney's tax returns actually were stolen, such as a scan of a partial page from one of the documents. But for seasoned and committed hackers such a theft was described as entirely plausible, especially for someone who could gain physical access to a company's keyboards. "So far, there's just zero proof. It's like every bad Hollywood plot, which makes me think this is fishy," said Marc Maiffret, chief technology officer for BeyondTrust Software Inc. of Carlsbad, Calif. "But any competent hacker, any good penetration-tester, if they wanted to get Mitt Romney's tax returns, it wouldn't be that hard to do. These breaches are absolutely possible. If you can sit at the computer it would take two minutes to bypass the log-in information." "The only time you're going to hold something over someone's head is if they're trying to keep stuff secret," Maiffret said. A former FBI cyber-crime expert, Michael J. Gibbons, said the unusual ransom demand sounded similar to popular email fraud scams. "This sounds more like a Nigerian letter scam than an organized hacking attempt," said Gibbons, former chief of FBI computer crimes investigations and now a managing director at Alvarez & Marsal in Washington. "It doesn't pass the smell test." There was no sign a thumb drive had been delivered to The Associated Press. A spokeswoman for the New York Times, Eileen Murphy, said the newspaper had not received one, either. The Wall Street Journal declined to comment. Politicians previously have found themselves targets in burglaries, thefts and hacking. Candidates and political parties have reported dozens of break-ins across the U.S. In 2007, for example, Barack Obama's Iowa field office reported a burglary that netted two laptop computers and campaign literature. The next year, a University of Tennessee student was arrested for hacking into Republican vice presidential candidate Sarah Palin's personal email account. He was later convicted of obstruction of justice and unauthorized access to a computer. He served an 11-month prison sentence. The demand in the latest case for $1 million in Bitcoin currency would complicate efforts to trace any payments over the Internet, but U.S. authorities have successfully uncovered such trails in other cases. "It's definitely harder than normal to uncover someone's financial identity," Maiffret said. "But our government, we find a lot of bad guys in the world in cyber-crime and terrorism cases by following the money trails." Gibbons agreed: "It's an ineffective cloak of anonymity," he said. Even if the latest case were a hoax, hackers have been alerted to intense public interest in Romney's personal finances. "You've got every hacker in the world thinking, 'Wouldn't that be awesome to do?'" Maiffret said. "I have a feeling this is going to be a hoax, but you're going to have copycats who are going to try to do this." While the extortionist's demand for $1 million appears to preclude political motivations, a prosecutor in the original Watergate burglary said motives aren't always apparent. "In the Watergate case, it wasn't clear at the outset what the motivation was," said Earl J. Silbert, a former U.S attorney in the case. "Even today there are differences of opinion over what was behind it." ___ Associated Press writers Erik Schelzig in Nashville, Tenn., and Ted Bridis in Washington contributed to this report.
|
1,347,025,081 |
2012-09-07 13:38:01+00:00
|
{"Bitcoin": [1232, 5353]}
|
{}
|
Claim of Romney taxes theft a puzzling whodunit
|
https://finance.yahoo.com/news/claim-romney-taxes-theft-puzzling-133801037.html
|
Associated Press
|
https://apnews.com/
|
WASHINGTON (AP) -- Assuming it's not a hoax, the purported theft of Republican presidential nominee Mitt Romney's tax returns has all the trappings of a high-tech whodunit: a politically themed burglary, a $1 million demand in hard-to-trace Internet currency, password-protected data and a threat to reveal everything in three more weeks. But can it be believed? The Secret Service and FBI were investigating the case Thursday after someone claimed to have burglarized a PricewaterhouseCoopers accounting office in Franklin, Tenn., and stolen two decades' worth of Romney's tax returns. The claimed theft, made in an anonymous letter sent to the accounting firm and political offices in Tennessee, has surfaced a critical moment during the 2012 presidential campaign amid the Republican and Democratic conventions. The ransom target in the case — Romney's tax returns — was carefully selected: Romney, worth an estimated $250 million, has steadfastly declined to make public more than one year's tax returns so far, and Democrats have sought to portray him as so wealthy he is out of touch with middle class voters. Authorities are studying computer thumb drives that were delivered with an unusual demand: a $1 million payment in "Bitcoin" Internet currency. The letter said the tax returns delivered on the thumb drives were encrypted, and more copies would be sent to "all major news media outlets." It promised to reveal the password to unlock the tax returns on Sept. 28 if payment is not made. PricewaterhouseCoopers has said there was no evidence that anything was stolen. The alleged culprit suggested an insider helped in the burglary and theft from the firm's network file servers, knowingly or unwittingly: "We are sure that once you figure out where the security breach was, some people will probably get fired, but that is not our concern," the letter said. The plot in this mystery has enough holes that it could be an elaborate hoax. But it comes at a critical moment during the 2012 presidential campaign. In its broadest outlines, the case might be compared to Watergate, the 1972 political break-in that led to President Richard Nixon's resignation. But unlike Watergate, which started with the arrest of bungling burglars traced to Republicans, the Tennessee case is a baffling mystery so far, without any clear suspects. There is no evidence Democrats were involved. Story continues "I looked at the letter and thought, 'Who on earth thinks we're gullible enough to fall for this?'" said Peter Burr, chairman of the Williamson County Democratic Party, which received one of the thumb drives and a copy of the extortion letter last week. He kept the letter and data device, growing curious about them as days passed. He rightly feared the thumb drive might be infected with a computer virus. "I had reached the point of seriously considering putting it in an old computer we have here in the office where we weren't worried if the hard drive got trashed or not," Burr said. "But by then we had received recommendations from our attorneys and word from the Secret Service. So we didn't look at it." It was unclear even among experts whether the purported theft might be a hoax. The alleged culprit so far has provided no evidence that Romney's tax returns actually were stolen, such as a scan of a partial page from one of the documents. But for seasoned and committed hackers such a theft was described as entirely plausible, especially for someone who could gain physical access to a company's keyboards. "So far, there's just zero proof. It's like every bad Hollywood plot, which makes me think this is fishy," said Marc Maiffret, chief technology officer for BeyondTrust Software Inc. of Carlsbad, Calif. "But any competent hacker, any good penetration-tester, if they wanted to get Mitt Romney's tax returns, it wouldn't be that hard to do. These breaches are absolutely possible. If you can sit at the computer it would take two minutes to bypass the log-in information." "The only time you're going to hold something over someone's head is if they're trying to keep stuff secret," Maiffret said. A former FBI cyber-crime expert, Michael J. Gibbons, said the unusual ransom demand sounded similar to popular email fraud scams. "This sounds more like a Nigerian letter scam than an organized hacking attempt," said Gibbons, former chief of FBI computer crimes investigations and now a managing director at Alvarez & Marsal in Washington. "It doesn't pass the smell test." There was no sign a thumb drive had been delivered to The Associated Press. A spokeswoman for the New York Times, Eileen Murphy, said the newspaper had not received one, either. The Wall Street Journal declined to comment. Politicians previously have found themselves targets in burglaries, thefts and hacking. Candidates and political parties have reported dozens of break-ins across the U.S. In 2007, for example, Barack Obama's Iowa field office reported a burglary that netted two laptop computers and campaign literature. The next year, a University of Tennessee student was arrested for hacking into Republican vice presidential candidate Sarah Palin's personal email account. He was later convicted of obstruction of justice and unauthorized access to a computer. He served an 11-month prison sentence. The demand in the latest case for $1 million in Bitcoin currency would complicate efforts to trace any payments over the Internet, but U.S. authorities have successfully uncovered such trails in other cases. "It's definitely harder than normal to uncover someone's financial identity," Maiffret said. "But our government, we find a lot of bad guys in the world in cyber-crime and terrorism cases by following the money trails." Gibbons agreed: "It's an ineffective cloak of anonymity," he said. Even if the latest case were a hoax, hackers have been alerted to intense public interest in Romney's personal finances. "You've got every hacker in the world thinking, 'Wouldn't that be awesome to do?'" Maiffret said. "I have a feeling this is going to be a hoax, but you're going to have copycats who are going to try to do this." While the extortionist's demand for $1 million appears to preclude political motivations, a prosecutor in the original Watergate burglary said motives aren't always apparent. "In the Watergate case, it wasn't clear at the outset what the motivation was," said Earl J. Silbert, a former U.S attorney in the case. "Even today there are differences of opinion over what was behind it." ___ Associated Press writers Erik Schelzig in Nashville, Tenn., and Ted Bridis in Washington contributed to this report.
|
1,420,730,100 |
2015-01-08 15:15:00+00:00
|
{"Bitcoin": [45]}
|
{}
|
BTCS Provides Mining Update, Receives Two Digital Currency ATMs and Introduces New Logo to Reflect Universal Strategy
|
https://finance.yahoo.com/news/btcs-provides-mining-receives-two-151500075.html
|
Marketwired
|
http://www.marketwired.com/
|
ARLINGTON, VA--(Marketwired - Jan 8, 2015) - Bitcoin Shop, Inc. (OTCQB:BTCS) ("BTCS" or the "Company"), the operator of the digital currency ecommerce marketplacewww.btcs.com, which is undertaking the build-out of a universal digital currency ecosystem, announced today that, the Company has increased its mining capacity, received two digital currency ATMs and changed its logo.
The Company has increased its digital currency mining efforts and currently has 176 Th/s running and anticipates having an additional 341 Th/s running in 1-2 weeks, a 5x increase over our initial starting capacity of 66 Th/s.
BTCS has received two bitcoin automated teller machines ("ATMs") from GFT GmbH, the owners of BitXatm, making BTCS the first U.S. company to receive such ATMs. BTCS plans to work with Coin Outlet to operate our ATMs.
Charles Allen, stated, "Once deployed our ATMs should allow consumers an easy way to exchange fiat currency for bitcoins. Additionally, we plan to leverage this technology and work closely with BitXatm and Coin Outlet to customize the experience and use the ATMs as an onramp to grow our customer base. This is another step towards introducing the passive user to the digital currency world through an ATM which many are already accustomed to using."
Lastly Charles Allen, stated, "We have changed our Company logo to better reflect what we've been building for the last year; a universal digital currency ecosystem. Blockchain Technology Consumer Solutions i.e. BTCS, which is our web domain and our stock ticker symbol."
About BTCS:BTCS plans to build a universal digital currency platform with the goal of enabling users to engage in the digital currency ecosystem through one point of access. We currently operate our legacy ecommerce website (www.bitcoinshop.us) and are operating our public beta site (www.btcs.com) where consumers can purchase products using digital currency such as bitcoin, litecoin and dogecoin, by searching through a selection of over 250,000 items. We provide our customers competitive pricing options from 256 retailers through our "Intelligent Shopping Engine". All ecommerce customer orders are fulfilled by third party vendors. We plan to use our ecommerce platform as a customer on-ramp for a broader digital currency platform. We have been actively partnering with strategic digital currency companies who have technologies, services or products that are complementary to our business strategy by making investments in them and integrating with them.
Digital currencies use peer-to-peer networks to facilitate instant payments. They are categorized as cryptocurrencies, as they use cryptography as a security measure. Digital currency issuances and transactions are carried out collectively by the network, with no central authority, and allow users to make verified transfers.
Forward Looking Statements:Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in the Company's filings with the Securities and Exchange Commission, not limited to Risk Factors relating to its digital currency business contained therein. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.
|
1,389,916,800 |
2014-01-17 00:00:00+00:00
|
{"Bitcoin": [180, 807, 1096, 1790]}
|
{"Bitcoin": [34]}
|
First Meta Switches to GoCoin for Bitcoin and Litecoin Payments
|
https://finance.yahoo.com/news/first-meta-switches-gocoin-bitcoin-000000768.html
|
Marketwired
|
http://www.marketwired.com/
|
SINGAPORE--(Marketwired - Jan 16, 2014) - Leading international payment platform, GoCoin, announced today that First Meta of Singapore has switched toGoCoinin order to accept both Bitcoin and Litecoin payments via their service.First Metafacilitates the trade of a variety of virtual assets from popular online game credits and tracking of reward points.
"This is a symbiotic, strategic alliance for GoCoin," said Founder and CEO, Steve Beauregard, "First Meta has deep gaming domain expertise and they understand gamers expect many options at checkout. Where GoCoin is pioneering multi-digital currency checkout, we can learn important lessons from First Meta's virtual asset exchange experience."
"It's our job to provide as many payment options for our customers as possible and GoCoin's model to accept Bitcoin, Litecoin, and others as they come out aligns with our ethos," said Autumn Radtke, the CEO of First Meta Exchange. "The more GoCoin payment methods we add the faster we can eliminate credit card fraud, chargebacks, and the potential for identity theft."
First Meta began accepting Bitcoins in 2012, but came onboard with GoCoin to ease the pressure of volatility while accessing deeper levels of the digital currency market. GoCoin offers a low 1% per transaction processing fee and the ability to attract net new customers that are enthusiastic about the benefits of emerging digital currencies.
ABOUT GOCOINThe GoCoin international payment platform enables merchants to reap the benefits of accepting digital currency eliminating credit card fraud and identity theft. GoCoin removes all of the perceived risk by accepting the digital currency on behalf of merchants and clearing the payments instantly via their sophisticated proprietary back end systems. GoCoin processes Bitcoin and Litecoin payments for online and brick and mortar retailers, bypassing the often cumbersome and insecure options of outdated payment systems like credit cards and stored value systems.
Official Website|Facebook|@GoCoin
ABOUT FIRST META EXCHANGE
First Meta Exchange provides a safe and sanctioned place to bring all virtual assets online or on mobile devices, enabling individuals to organize, manage, and easily cash out virtual assets. First Meta Exchange pioneered virtual banking, and launched a multi-world virtual currency exchange in 2009.
Official Website|Facebook|@FirstMeta
http://www.gocoin.com/https://www.facebook.com/GoCoinerhttps://twitter.com/gocoinhttp://firstmetaexchange.com/homehttp://www.facebook.com/pages/First-Meta-Exchange/175644765808689https://twitter.com/FirstMeta
|
1,389,916,800 |
2014-01-17 00:00:00+00:00
|
{"Bitcoin": [180, 807, 1096, 1790]}
|
{"Bitcoin": [34]}
|
First Meta Switches to GoCoin for Bitcoin and Litecoin Payments
|
https://finance.yahoo.com/news/finance.yahoo.com/news/first-meta-switches-gocoin-bitcoin-000000768.html
|
Marketwired
|
http://www.marketwired.com/
|
SINGAPORE--(Marketwired - Jan 16, 2014) - Leading international payment platform, GoCoin, announced today that First Meta of Singapore has switched toGoCoinin order to accept both Bitcoin and Litecoin payments via their service.First Metafacilitates the trade of a variety of virtual assets from popular online game credits and tracking of reward points.
"This is a symbiotic, strategic alliance for GoCoin," said Founder and CEO, Steve Beauregard, "First Meta has deep gaming domain expertise and they understand gamers expect many options at checkout. Where GoCoin is pioneering multi-digital currency checkout, we can learn important lessons from First Meta's virtual asset exchange experience."
"It's our job to provide as many payment options for our customers as possible and GoCoin's model to accept Bitcoin, Litecoin, and others as they come out aligns with our ethos," said Autumn Radtke, the CEO of First Meta Exchange. "The more GoCoin payment methods we add the faster we can eliminate credit card fraud, chargebacks, and the potential for identity theft."
First Meta began accepting Bitcoins in 2012, but came onboard with GoCoin to ease the pressure of volatility while accessing deeper levels of the digital currency market. GoCoin offers a low 1% per transaction processing fee and the ability to attract net new customers that are enthusiastic about the benefits of emerging digital currencies.
ABOUT GOCOINThe GoCoin international payment platform enables merchants to reap the benefits of accepting digital currency eliminating credit card fraud and identity theft. GoCoin removes all of the perceived risk by accepting the digital currency on behalf of merchants and clearing the payments instantly via their sophisticated proprietary back end systems. GoCoin processes Bitcoin and Litecoin payments for online and brick and mortar retailers, bypassing the often cumbersome and insecure options of outdated payment systems like credit cards and stored value systems.
Official Website|Facebook|@GoCoin
ABOUT FIRST META EXCHANGE
First Meta Exchange provides a safe and sanctioned place to bring all virtual assets online or on mobile devices, enabling individuals to organize, manage, and easily cash out virtual assets. First Meta Exchange pioneered virtual banking, and launched a multi-world virtual currency exchange in 2009.
Official Website|Facebook|@FirstMeta
http://www.gocoin.com/https://www.facebook.com/GoCoinerhttps://twitter.com/gocoinhttp://firstmetaexchange.com/homehttp://www.facebook.com/pages/First-Meta-Exchange/175644765808689https://twitter.com/FirstMeta
|
1,389,966,720 |
2014-01-17 13:52:00+00:00
|
{"Bitcoin": [340], "BTC": [541]}
|
{"Bitcoin": [47]}
|
US Government now owns Silk Road's $25 million Bitcoin hoard
|
https://finance.yahoo.com/news/2014-01-17-us-government-owns-silk-road-bitcoin-hoard.html
|
Engadget
|
https://www.engadget.com/
|
If we're honest, asset seizures are inherently hilarious. After all, for every sports car that's flogged to boost the public purse, there must be an unsaleable giant mechanical heron just gathering dust in a federal warehouse. Aftershutting down Silk Road, the US has now gained a slightly more useful treasure for its collection: 29,665 inBitcoin, currently worth around $25 million. The celebrations won't begin just yet, however, since Ross "Dread Pirate Roberts" Ulbricht, Silk Road's alleged founder, is claiming that a further 144,336 BTC (around $120 million) found on his personal computers are not the proceeds of crime, and therefore cannot be seized. What happens to the cash now? It'll go into the pockets of the US Marshals, with some of the cash probably going to pay off the storage costs for that giant mechanical heron.
|
1,389,968,820 |
2014-01-17 14:27:00+00:00
|
{"Bitcoin": [76, 2865, 3207]}
|
{}
|
6 Sideline Trends Poised to Change the Entrepreneurship Game
|
https://finance.yahoo.com/news/6-sideline-trends-poised-change-142700321.html
|
Entrepreneur
|
http://www.entrepreneur.com/
|
If you want to be perfectly ontrend in 2014, you might consider launching a Bitcoin-related startup in Austin. If you do, make sure you bring on plenty of executive-lady power, don't even think about taking your startup public, and be sure you have an aggressive, multi-channel social media strategy. Oh, and one more thing: Your company had best be working to save the world in some way.
At least that's what Dell's Entrepreneur in Residence Ingrid Vanderveldt thinks. Vanderveldt put together a handful of predictions on entrepreneurship for 2014. While some are newer than others, she believes all of them are poised to take off in a big way.
Related:100 Things You Should Be Talking About in 2014
Vanderveldt lives and breathes entrepreneurship. In addition to her role at Dell, she is the founding organizer of the Global Leadership & Sustainable Success Forum and the CEO of both VH2 Energy Investments and Green Girl Energy. Vanderveldt also serves on the UN Foundation Global Entrepreneurs Council and has worked with members of Congress crafting entrepreneurship-related legislation. In her spare time, she's a professional skydiver.
Here's a quick rundown of Vanderveldt's pick of the six top trends for the coming year.
1. "Social media" means more than just Facebook.There was a time not too long ago when people who talked about social media were really just talking about Facebook. But with mobile phones having become almost genetically attached to our fingertips, the social-media world has grown to encompass Pinterest, Twitter, Snapchat, Google Plus and half a dozen other social media platforms. Arecent survey from the Pew Research Centerfound that more than 7 in 10 internet users older than 18 use at least one social media site and 42 percent of online adults actually use multiple social media sites. If your company is only leveraging Facebook, you are missing out.
Related:10 Trends for 2014: We Seek Imperfect, Human Moments. With Our Smartphones at the Ready.
2. Companies are looking beyond profit.To bring and keep the best talent and customers, you are going to need to be about more than your own bottom line. Companies like Warby Parker and TOMS Shoes are obvious "do good" companies, but even bigger corporations are served by having a bigger mission beyond their bottom line. As Vanderveldt points out,Telsa's founder and CEO Elon Muskhas said that his overarching goal is "to help expedite the move from a mine-and-burn hydrocarbon economy towards a solar electric economy."
3. The startup world is bigger than San Francisco and New York.Don't discount the middle of the country. Austin, New Orleans, Denver and evenDetroitall have burgeoning startup scenes. And the benefit of launching in some of these lesser known entrepreneurship hubs? Startup costs are generally cheaper and there's less competition.
4. Better get used to Bitcoin.Cash money isso1990s. With every other part of our life moving onto a screen in one form or another, our wallets are also becoming a series of 0s and 1s. Digital currencies were once the chatter of tech-heads, but they are increasingly becoming the purview of mainstream retailers. The online platform that allows merchants to accept Bitcoin as a form of payment,BitPay, processed more than $100 million worth of transactionsin 2013.
5. Venture carefully into "IPO Land."While investors may be pushing companies to go public, the mystical allure of having an IPO is becoming increasingly less popular. Answering to stockholders requires you to, well, you know, answer to somebody. That means that your startup immediately becomes less agile and short-term gains become more of a focus.
6. Bring in more ladies.While women have been pushing up against that glass ceiling for years, the pace with which they'll be taking leadership roles is about to explode. As Vanderveldt highlights,a law firm made up exclusively of lady lawyers just opened in Saudi Arabia.
Related:Why You Might (Still) Want to Consider Launching in Detroit
More From Entrepreneur
• Forget $4M Ads, Your Business Can Still Capitalize on the Super Bowl
• 7 Ways Social Media Will Be More Expensive This Year
• Why You Should Let Customers Help Mold Your Company
|
1,389,971,734 |
2014-01-17 15:15:34+00:00
|
{"Bitcoin": [3024]}
|
{}
|
Text messages are a goldmine to exploit for the NSA
|
https://finance.yahoo.com/news/text-messages-goldmine-exploit-nsa-151534815.html
|
BGR News
|
http://www.bgr.com/
|
The National Security Agency ( NSA ) has the ability of collecting SMS text messages and related data in bulk from around the world, a new The Guardian report shows, based on documentation obtained from NSA whistleblower Edward Snowden. According to an internal NSA presentation from April 2011, the company was able to gather almost 200 million text messages a day from across the world that month. In addition to actual SMS messages, the Dishfire program collected pretty much everything it can, according to documents from British spy agency GCHQ. A presentation subtitled SMS Text Messages: A Goldmine to Exploit, describes the scope of Dishfire and reveals a Prefer program that can conduct an automated analysis of the obtained communications in search for relevant data. In addition to the almost 200 million text messages collected per day, the NSA was able to collect each day more than 5 million missed-call alerts that can be used to map someones social network and contact habits, over 1.6 million border crossing from roaming alerts, over 110,000 names from electronic business cards including images, over 800,000 financial transactions including text-to-text payments and credit cards, over 76,000 geolocation data including route requests and meetings set ups, and travel data including cancellations and airplane delays. The presentation reveals that such gems are not in current metadata stores and would enhance current analytics. The NSA has apparently collected only data from international users, discarding data related to U.S. citizens. As we have previously stated, the implication that NSAs collection is arbitrary and unconstrained is false, a spokeswoman commenting on the matter said. NSAs activities are focused and specifically deployed against and only against valid foreign intelligence targets in response to intelligence requirements. GCHQ has been able to use the NSAs Dishfire database, although the agency says it didnt access the actual SMS content for people living in the U.K. and instead it only accessed events related to UK numbers such as who is contacting who, and when. Story continues Vodafone, one of the largest carriers in Europe which also operates in the region was shocked to find out the scope of the NSAs and GCHQs spying powers. The company will be challenging the U.K. government over this matter. From our perspective, the law is there to protect our customers and it doesnt sound as if that is what is necessarily happening, Vodafones privacy officer and head of legal for privacy, security and content standards told Channel 4 News. Meanwhile, in the U.S., President Barack Obama is expected to announced NSA reforms on Friday. Slides from the SMS Text Messages: A Goldmine to Exploit follow below, as provided by The Guardian. More from BGR: How to disappear online This article was originally published on BGR.com Related stories Here's the horrifying new way the NSA spies on offline computers New Twitter for paranoids uses Bitcoin and BitTorrent to hide from NSA Phone companies may have to change the way they help the NSA spy on you
|
1,420,774,380 |
2015-01-09 03:33:00+00:00
|
{"Bitcoin": [628, 2599]}
|
{"Bitcoin": [75]}
|
Internet of Coins Releases Whitepaper For Infrastructure To Connect Entire Bitcoin And Cryptocurrency Ecosystem
|
https://finance.yahoo.com/news/internet-coins-releases-whitepaper-infrastructure-033300174.html
|
ACCESSWIRE
|
https://www.accesswire.com/
|
Newly founded organization Internet of Coins is developing an infrastructure supporting inter-blockchain transactions between different cryptocurrencies
Amsterdam, Netherlands / ACCESSWIRE / January 8, 2015 /Internet of Coins strives to create a decentralized, self-sustaining economy by implementing intersystemic connectivity sustained by a hybrid P2P meta-network. The system will help to leverage each of its participant's strength in numbers hence supporting both the stability of alt coins and the cryptocurrency community as a whole. Internet of Coins had an official Whitepaper launch party on the 3rd of January at the Bitcoin Embassy Amsterdam.The Whitepaper is available for download on http://internetofcoins.org. Internet of Coins has partnered-up with security oriented cryptoexchange and service provider Bitalo since November of last year for continuous development and funding of the project. The open source system will soon be released for non-commercial purposes and be easily accessible to the public; supporting continuous decentralization and empowering the cryptocurrency ecosystem to evolve.
Internet of Coins will be offering an inter-systemic and cross-blockchain solution using 'hybrid assets' allowing users to make trust-less transactions in a cryptocurrency of their choosing while remaining anonymous. It will be possible to connect to the Internet of Coins decentralized network and make transactions without the need to update or adapt existing wallets, blockchains or value systems. Businesses also benefit by the new infrastructure which will allow them to accept a wider range of cryptocurrencies hence reaching more potential customers or clients.
Internet of Coins will offer a peer-to-peer, distributed, inter-systemic and inter-blockchain exchangeserver to mediate the transfer of value between digital currency systems replacing the trust model. This will solve multiple problems that occur when cryptocurrencies are transacted using trusted third parties like in many exchange and transaction models seen today. The trust model causes a re-introduction of the constructional weaknesses of the traditional centralized financial model. Another issue that Internet of Coins will combat is the risk of price manipulation that is possible when different altcoins are isolated from each other.
With the detailedrelease of Internet of Coins Whitepaper and the anticipated release of an open source system that can support inter-blockchain transactionswithout the influence of third parties; Internet of Coins might very well soon be an integral part of the wider Bitcoin and cryptocurrency ecosystem.
For more information about us, please visithttp://internetofcoins.org/
Contact Info:
Name: Robert de GrootEmail:robert@exus.nlOrganization: Internet of Coins
SOURCE:Internet of Coins
|
1,420,800,205 |
2015-01-09 10:43:25+00:00
|
{"Bitcoin": [1376]}
|
{"Bitcoin": [0]}
|
Bitcoin exchange Bitstamp says to resume trading on Friday
|
https://finance.yahoo.com/news/bitcoin-exchange-bitstamp-says-resume-104325790.html
|
Reuters
|
https://www.reuters.com/
|
LJUBLJANA (Reuters) - Bitstamp, one of the largest exchanges for the digital bitcoin currency, said it would resume trading later on Friday after suspending operations because of a security breach on Sunday. Bitstamp had suspended its service after the breach resulted in the loss of around 19,000 bitcoins with a value of some $5 million. "Trading will resume during the day today," Damijan Merlak, one of Bitstamp's two Slovenian founders, told Reuters in an emailed message on Friday. On Wednesday Bitstamp had said it expected that trading could resume within 24 hours and added that customers would not lose money because of the breach and that security would be increased. Merlak said various institutions from the European Union and the United States were investigating the security breach without naming them. The Slovenian police told Reuters it was not involved in the investigation. Last February, Bitstamp claimed that developers had come up with a solution to thwart cyber attacks against its platform after Mt. Gox, once the world's biggest bitcoin exchanges, lost an estimated $650 million worth of the virtual currency when its computer system was hacked. The Bitstamp breach represented a small fraction of its total bitcoin reserve and the majority was held in secure offline systems, the Slovenia-based firm posted on its website. ( http://bit.ly/1eTIPEt ) Bitcoin, the best-known virtual currency, started circulating in 2009. Unlike conventional money, bitcoin is generated by computers and is independent of control or backing by any government. A bitcoin is currently worth $276.80. Merlak, 28, and his colleague Nejc Kodric, 25, both computer experts, founded Bitstamp in 2011. According to the Slovenian media the two had earned about 23 million euros ($27.2 million) from the enterprise which places them among the 50 richest Slovenians. ($1 = 0.8469 euros) (Reporting By Marja Novak; editing by Keith Weir)
|
1,389,993,823 |
2014-01-17 21:23:43+00:00
|
{"Bitcoin": [303, 1391, 1800, 2148, 2420, 2584, 3056, 3215, 3244, 3728, 4742]}
|
{}
|
The U.S. government's bitcoin bonanza: How, where and when to sell?
|
https://finance.yahoo.com/news/u-government-39-bitcoin-bonanza-where-sell-210910518--finance.html
|
Reuters
|
https://www.reuters.com/
|
By Emily Flitter NEW YORK (Reuters) - U.S. prosecutors in Manhattan are sitting on a multimillion-dollar bitcoin gold mine. And it could get much bigger. Federal authorities hauled in 29,655 units of the digital currency - worth $27 million at current exchange rates - through an official forfeiture by Bitcoin this week. The bitcoins had belonged to Silk Road, an anonymous online black market that authorities say was a conduit for purchases of drugs and computer hacking services - even a place where assassins may have advertised. It was shuttered after an FBI raid in September, when agents took control of its server and arrested the man they say was its founder in San Francisco. No one stepped forward to claim these bitcoins, which were found in electronic "wallets" used to store the digital currency. An additional 144,336 bitcoins, worth more than $128 million today, were also discovered, but the government's claim on them is being disputed by Ross William Ulbricht, 29, who U.S. authorities say was the founder and main operator of Silk Road. They had been stashed on his laptop. It all puts authorities in an unusual position, given their concerns about the way in which bitcoins and other digital currencies are used by criminals to circumvent regulations intended to prevent money laundering. By trading in bitcoins, the government could give the currency some legitimacy. Bitcoin is essentially software code that defines units of value, which users can move back and forth among themselves. Unlike other virtual money transmitters, its value isn't pegged to a hard currency like the dollar or the euro; it is determined by the demand for bitcoins. The U.S. Marshals Service, which is in charge of liquidating such seized assets, will have to decide whether to sell the units on a Bitcoin exchange or find a private buyer, perhaps through an auction. A spokeswoman for Preet Bharara, the U.S. Attorney for New York's Southern District, said Friday that the government is still trying to decide what to do with the forfeited bitcoins. The timing of any sale could make a big difference in the amount the government could realize. Bitcoin's value has fluctuated wildly over the past six months. When Silk Road was seized, the bitcoins found on the server were worth $3.6 million, far below their current $27 million value. Friday's exchange rate was about $900 per bitcoin, according to the Tokyo-based Bitcoin exchange MtGox. It is unclear whether a large sale of bitcoins by the government could drive down the price. Friday's volume on MtGox, which is the largest Bitcoin exchange, was 8,656 units. "If it's worth $27 million now, is that a high part of the market? A low part of the market? That's one of the decisions they're going to have to make," said Louis Rulli, a professor at the University of Pennsylvania Law School. "It would seem to me that they would probably convert those bitcoins into cash relatively quickly." Barry Silbert, the founder of one of the first investment funds that lets retail investors gain exposure to Bitcoin, declined to offer an opinion on what the government should do with its stash or how a sale would affect the market. Marco Santori, a lobbyist for the Bitcoin Foundation, which is Bitcoin's official trade group, said the group did not have an official position on the matter. 'THIS WON'T BE DIFFICULT' Most goods seized by U.S. authorities end up in the hands of the U.S. Marshals, where they are auctioned or, at times, repurposed for government use. But the Marshals aren't just practiced at unloading forfeited SUVs or houses; they also deal with complex financial instruments, foreign companies and other kinds of obscure assets forfeited by criminals. "While Bitcoin is a somewhat new form of asset, it's not unusual for them to have to find out how to liquidate a new asset," said Jeffrey Alberts, a partner at Pryor Cashman and a former federal prosecutor in Manhattan. "This won't be difficult for them, whether they do it through an exchange or find a buyer who wants to buy it directly from them." Ulbricht was arrested October 1 in a San Francisco public library and charged by prosecutors in New York with one count each of money laundering, computer hacking and drug trafficking. He is being held at a federal detention center in New York without bail. He has not entered a formal plea but has maintained his innocence through statements by his lawyer. Prosecutors last week asked a judge to grant them a default judgment in the civil forfeiture case they filed after the raid on Silk Road and Ulbricht's arrest claiming Silk Road's assets. U.S. District Judge J. Paul Oetken signed an order to that effect on Wednesday, giving the government control of the 29,655 Bitcoins from Silk Road's server but not of the bitcoins - the larger sum - discovered on Ulbricht's computer. Those are still in dispute. The proceeds from any sale would be turned over to an asset forfeiture fund from which the U.S. Justice Department can draw for law enforcement activities. If any money were to come back to prosecutors' budgets, it would be distributed evenly among U.S. attorneys' offices, a policy meant to prevent individual offices from unduly seizing assets to pad their budgets. (Reporting By Emily Flitter; Editing by Martin Howell and Douglas Royalty)
|
1,420,800,205 |
2015-01-09 10:43:25+00:00
|
{"Bitcoin": [1374]}
|
{"Bitcoin": [0]}
|
Bitcoin exchange Bitstamp says to resume trading on Friday
|
https://finance.yahoo.com/news/bitcoin-exchange-bitstamp-says-resume-104325645.html
|
Reuters
|
http://www.reuters.com/
|
LJUBLJANA (Reuters) - Bitstamp, one of the largest exchanges for the digital bitcoin currency, said it would resume trading later on Friday after suspending operations because of a security breach on Sunday.
Bitstamp had suspended its service after the breach resulted in the loss of around 19,000 bitcoins with a value of some $5 million.
"Trading will resume during the day today," Damijan Merlak, one of Bitstamp's two Slovenian founders, told Reuters in an emailed message on Friday.
On Wednesday Bitstamp had said it expected that trading could resume within 24 hours and added that customers would not lose money because of the breach and that security would be increased.
Merlak said various institutions from the European Union and the United States were investigating the security breach without naming them. The Slovenian police told Reuters it was not involved in the investigation.
Last February, Bitstamp claimed that developers had come up with a solution to thwart cyber attacks against its platform after Mt. Gox, once the world's biggest bitcoin exchanges, lost an estimated $650 million worth of the virtual currency when its computer system was hacked.
The Bitstamp breach represented a small fraction of its total bitcoin reserve and the majority was held in secure offline systems, the Slovenia-based firm posted on its website. (http://bit.ly/1eTIPEt)
Bitcoin, the best-known virtual currency, started circulating in 2009. Unlike conventional money, bitcoin is generated by computers and is independent of control or backing by any government.
A bitcoin is currently worth $276.80.
Merlak, 28, and his colleague Nejc Kodric, 25, both computer experts, founded Bitstamp in 2011. According to the Slovenian media the two had earned about 23 million euros ($27.2 million) from the enterprise which places them among the 50 richest Slovenians.
($1 = 0.8469 euros)
(Reporting By Marja Novak; editing by Keith Weir)
|
1,420,800,670 |
2015-01-09 10:51:10+00:00
|
{"Bitcoin": [1376]}
|
{"Bitcoin": [0]}
|
Bitcoin exchange Bitstamp says to resume trading on Friday
|
https://finance.yahoo.com/news/bitcoin-exchange-bitstamp-says-resume-105110886.html
|
Reuters
|
https://www.reuters.com/
|
LJUBLJANA (Reuters) - Bitstamp, one of the largest exchanges for the digital bitcoin currency, said it would resume trading later on Friday after suspending operations because of a security breach on Sunday. Bitstamp had suspended its service after the breach resulted in the loss of around 19,000 bitcoins with a value of some $5 million. "Trading will resume during the day today," Damijan Merlak, one of Bitstamp's two Slovenian founders, told Reuters in an emailed message on Friday. On Wednesday Bitstamp had said it expected that trading could resume within 24 hours and added that customers would not lose money because of the breach and that security would be increased. Merlak said various institutions from the European Union and the United States were investigating the security breach without naming them. The Slovenian police told Reuters it was not involved in the investigation. Last February, Bitstamp claimed that developers had come up with a solution to thwart cyber attacks against its platform after Mt. Gox, once the world's biggest bitcoin exchanges, lost an estimated $650 million worth of the virtual currency when its computer system was hacked. The Bitstamp breach represented a small fraction of its total bitcoin reserve and the majority was held in secure offline systems, the Slovenia-based firm posted on its website. ( http://bit.ly/1eTIPEt ) Bitcoin, the best-known virtual currency, started circulating in 2009. Unlike conventional money, bitcoin is generated by computers and is independent of control or backing by any government. A bitcoin is currently worth $276.80. Merlak, 28, and his colleague Nejc Kodric, 25, both computer experts, founded Bitstamp in 2011. According to the Slovenian media the two had earned about 23 million euros ($27.2 million) from the enterprise which places them among the 50 richest Slovenians. ($1 = 0.8469 euros) (Reporting By Marja Novak; editing by Keith Weir)
|
1,390,005,540 |
2014-01-18 00:39:00+00:00
|
{"Bitcoin": [11, 940, 2751], "BTC": [1017]}
|
{}
|
DataCoin (DTC) Features in-Blockchain Data Storage And Web Apps Embedded in Blockchain
|
https://finance.yahoo.com/news/datacoin-dtc-features-blockchain-data-003900184.html
|
ACCESSWIRE
|
https://www.accesswire.com/
|
Innovative Bitcoin Alternative DataCoin (DTC) Features in-Blockchain Secure Data Storage And Revolutionary Web Applications Embedded in DataCoin Blockchain.
January 18th, 2014 / ACCESSWIRE / Disruptive digital currencyDataCoinfeatures perpetual, secure and uncensorable data storage in its blockchain, eliminates transaction confirmation wait times, uses CPU mining with the same hashing algorithm as Primecoin, provides revolutionary web apps embedded in the DataCoin blockchain, and serves as its own decentralized autonomous corporation with a built-in business model. Ian Boix, CEO of BlockchainCapital.com, considers Datacoin to be one of only four cryptocurrencies which “stand out for giving more value than a simple currency.” Datacoin’s intrinsic value and key innovations are its decentralized data storage feature and the newly announced web applications embedded inside the DataCoin blockchain. Datacoin is currently traded for Bitcoin on digital currency exchange platforms Bter, Coins-e, OpenEX.pw, and BTC-8.
DataCoin provides the necessary replication needed for truly delete-proof data storage. Datacoin miners maintain a copy of the entire DTC blockchain on their personal computer. As files uploaded to the Datacoin network are embedded in the blockchain, they are stored on thousands of individual personal computers around the world; that number is projected to grow with Datacoin’s increased adoption. This data cannot be censored as it would be impossible to delete it from every individual participating computer. Furthermore, once data is uploaded to the blockchain, it is impossible to delete it. DataCoin will soon roll out the ability for users to upload and store their own personally encrypted data which only they can access, but which will have all the benefits of replicated storage the Datacoin blockchain offers.
Storage on the DataCoin blockchain is paid for with Datacoins. While current file size is limited, Datacoin will soon be upgraded to allow a file of any size to be uploaded. Whenever a user pays for file storage using Datacoins, those coins then go to reward the miners who both maintain the network and keep an updated copy of the entire DTC blockchain on their own computers.
Datacoin’s block generation time of only one minute allows for instant transactions, making Datacoin convenient to use for conventional merchant purposes. Datacoin transactions have the added benefit of being anonymous, which cryptocoin users have now come to expect.
DataCoin uses the same hashing algorithm of PrimeCoin, making it suitable for CPU mining. This means that anyone worldwide with a personal computer can participate in mining DataCoin. No one needs to purchase specialized hardware as is the case with mining Bitcoin. Just like with PrimeCoin, DataCoin mining is involved in a process which finds very long prime numbers or Cunningham chains. These numbers in and of themselves are useful for data encryption.
The DataCoin dev team has also recently announced the launch of web applications inside the DataCoin blockchain; meaning that anyone can build applications which exist in the DTC blockchain instead of the worldwide web. Essentially, websites, and many other online services can be copied to the blockchain in their entirety, and accessed by querying the locally stored DTC blockchain – even when access to the internet itself may be unavailable. This is highly disruptive; as the DataCoin blockchain itself can, in simple terms, contain another internet embedded inside it.
DataCoin provides both secure data storage and a way to pay for it. The DataCoin blockchain securely stores the data and DataCoins themselves are the means to pay for this storage. This not only makes DataCoin intrinsically valuable, but also positions DataCoin as a decentralized autonomous corporation with a built in sustainable business model. Many other DTC features are under development by the hard working DTC dev team. With its revolutionary secure data storage capability, blockchain embedded web apps, fast transaction confirmation times, CPU mining and built in business model, DataCoin could very well become one of the most disruptive digital currencies of 2014.
To trade DataCoin please go to:Bter, Coins-e.com, OpenEX.pw, and btc-8.com.
DataCoin web applications in blockchain thread:https://bitcointalk.org/index.php?topic=405992.0This Press Release is for informational purposes only and should not be taken as investment advice.
Visithttp://datacoin.info/index.php?id=indexfor more information.
Contact InfoName: DataCoinOrganization: DataCoinEmail: datacoininfo@gmail.com
|
1,390,064,880 |
2014-01-18 17:08:00+00:00
|
{"Bitcoin": [1352]}
|
{}
|
Amazon Is Working On 'Anticipatory Shipping' To Mail Items Before Customers Actually Buy Them
|
https://finance.yahoo.com/news/amazon-working-anticipatory-shipping-mail-170834056.html
|
Business Insider
|
http://www.businessinsider.com/
|
Amazon
Amazon recently received a patent for "anticipatory shipping."
"A nticipatory Shipping" means Amazon will predict which items a customer is likely to buy and mail packages before the check-out process is complete.
Amazon already knows a great deal about its customers. It will also use a number of signals to predict buying behavior, such order history, search history, shopping cart items and length of time spent on its pages.
FromThe Wall Street Journal's Greg Bensinger:
In the patent document, Amazon says delays between ordering and receiving purchases “may dissuade customers from buying items from online merchants.”
So Amazon says it may box and ship products it expects customers in a specific area will want – based on previous orders and other factors — but haven’t yet ordered. According to the patent, the packages could wait at the shippers’ hubs or on trucks until an order arrives.
This isn't Amazon's first innovative way to speed up the delivery process. Late last year, its CEO Jeff Bezos saidAmazon was experimenting with drone delivery servicesto get items to customers 30 minutes.
More From Business Insider
• Apple's Latest Settlement Has Big Implications For The Design Of Digital Checkouts
• Our 10 Boldest Predictions For The Digital Payments Industry In 2014
• OVERSTOCK CEO: Amazon Will Be Forced To Start Accepting Bitcoin
|
1,390,102,005 |
2014-01-19 03:26:45+00:00
|
{"Bitcoin": [303, 1391, 1800, 2164, 2436, 2600, 3072, 3265, 3294, 3778, 4808]}
|
{}
|
The U.S. government's bitcoin bonanza: How, where and when to sell?
|
https://finance.yahoo.com/news/u-governments-bitcoin-bonanza-where-032645173.html
|
Reuters
|
https://www.reuters.com/
|
By Emily Flitter NEW YORK (Reuters) - U.S. prosecutors in Manhattan are sitting on a multimillion-dollar bitcoin gold mine. And it could get much bigger. Federal authorities hauled in 29,655 units of the digital currency - worth $27 million at current exchange rates - through an official forfeiture by Bitcoin this week. The bitcoins had belonged to Silk Road, an anonymous online black market that authorities say was a conduit for purchases of drugs and computer hacking services - even a place where assassins may have advertised. It was shuttered after an FBI raid in September, when agents took control of its server and arrested the man they say was its founder in San Francisco. No one stepped forward to claim these bitcoins, which were found in electronic "wallets" used to store the digital currency. An additional 144,336 bitcoins, worth more than $128 million today, were also discovered, but the government's claim on them is being disputed by Ross William Ulbricht, 29, who U.S. authorities say was the founder and main operator of Silk Road. They had been stashed on his laptop. It all puts authorities in an unusual position, given their concerns about the way in which bitcoins and other digital currencies are used by criminals to circumvent regulations intended to prevent money laundering. By trading in bitcoins, the government could give the currency some legitimacy. Bitcoin is essentially software code that defines units of value, which users can move back and forth among themselves. Unlike other virtual money transmitters, its value isn't pegged to a hard currency like the dollar or the euro; it is determined by the demand for bitcoins. The U.S. Marshals Service, which is in charge of liquidating such seized assets, will have to decide whether to sell the units on a Bitcoin exchange or find a private buyer, perhaps through an auction. A spokeswoman for Preet Bharara, the U.S. Attorney for New York's Southern District, said Friday that the government is still trying to decide what to do with the forfeited bitcoins. Story continues The timing of any sale could make a big difference in the amount the government could realize. Bitcoin's value has fluctuated wildly over the past six months. When Silk Road was seized, the bitcoins found on the server were worth $3.6 million, far below their current $27 million value. Friday's exchange rate was about $900 per bitcoin, according to the Tokyo-based Bitcoin exchange MtGox. It is unclear whether a large sale of bitcoins by the government could drive down the price. Friday's volume on MtGox, which is the largest Bitcoin exchange, was 8,656 units. "If it's worth $27 million now, is that a high part of the market? A low part of the market? That's one of the decisions they're going to have to make," said Louis Rulli, a professor at the University of Pennsylvania Law School. "It would seem to me that they would probably convert those bitcoins into cash relatively quickly." Barry Silbert, the founder of one of the first investment funds that lets retail investors gain exposure to Bitcoin, declined to offer an opinion on what the government should do with its stash or how a sale would affect the market. Marco Santori, chairman of the regulatory affairs committee for the Bitcoin Foundation, which is Bitcoin's official trade group, said the group did not have an official position on the matter. 'THIS WON'T BE DIFFICULT' Most goods seized by U.S. authorities end up in the hands of the U.S. Marshals, where they are auctioned or, at times, repurposed for government use. But the Marshals aren't just practiced at unloading forfeited SUVs or houses; they also deal with complex financial instruments, foreign companies and other kinds of obscure assets forfeited by criminals. "While Bitcoin is a somewhat new form of asset, it's not unusual for them to have to find out how to liquidate a new asset," said Jeffrey Alberts, a partner at Pryor Cashman and a former federal prosecutor in Manhattan. "This won't be difficult for them, whether they do it through an exchange or find a buyer who wants to buy it directly from them." Ulbricht was arrested October 1 in a San Francisco public library and charged by prosecutors in New York with one count each of money laundering, computer hacking and drug trafficking. He is being held at a federal detention center in New York without bail. [ID:nL2N0J61M1] He has not entered a formal plea but has maintained his innocence through statements by his lawyer. Prosecutors last week asked a judge to grant them a default judgment in the civil forfeiture case they filed after the raid on Silk Road and Ulbricht's arrest claiming Silk Road's assets. U.S. District Judge J. Paul Oetken signed an order to that effect on Wednesday, giving the government control of the 29,655 Bitcoins from Silk Road's server but not of the bitcoins - the larger sum - discovered on Ulbricht's computer. Those are still in dispute. The proceeds from any sale would be turned over to an asset forfeiture fund from which the U.S. Justice Department can draw for law enforcement activities. If any money were to come back to prosecutors' budgets, it would be distributed evenly among U.S. attorneys' offices, a policy meant to prevent individual offices from unduly seizing assets to pad their budgets. (Reporting By Emily Flitter; Editing by Martin Howell and Douglas Royalty)
|
1,390,102,005 |
2014-01-19 03:26:45+00:00
|
{"Bitcoin": [303, 1391, 1800, 2164, 2436, 2600, 3072, 3265, 3294, 3778, 4808]}
|
{}
|
The U.S. government's bitcoin bonanza: How, where and when to sell?
|
https://finance.yahoo.com/news/finance.yahoo.com/news/u-governments-bitcoin-bonanza-where-032645173.html
|
Reuters
|
https://www.reuters.com/
|
By Emily Flitter NEW YORK (Reuters) - U.S. prosecutors in Manhattan are sitting on a multimillion-dollar bitcoin gold mine. And it could get much bigger. Federal authorities hauled in 29,655 units of the digital currency - worth $27 million at current exchange rates - through an official forfeiture by Bitcoin this week. The bitcoins had belonged to Silk Road, an anonymous online black market that authorities say was a conduit for purchases of drugs and computer hacking services - even a place where assassins may have advertised. It was shuttered after an FBI raid in September, when agents took control of its server and arrested the man they say was its founder in San Francisco. No one stepped forward to claim these bitcoins, which were found in electronic "wallets" used to store the digital currency. An additional 144,336 bitcoins, worth more than $128 million today, were also discovered, but the government's claim on them is being disputed by Ross William Ulbricht, 29, who U.S. authorities say was the founder and main operator of Silk Road. They had been stashed on his laptop. It all puts authorities in an unusual position, given their concerns about the way in which bitcoins and other digital currencies are used by criminals to circumvent regulations intended to prevent money laundering. By trading in bitcoins, the government could give the currency some legitimacy. Bitcoin is essentially software code that defines units of value, which users can move back and forth among themselves. Unlike other virtual money transmitters, its value isn't pegged to a hard currency like the dollar or the euro; it is determined by the demand for bitcoins. The U.S. Marshals Service, which is in charge of liquidating such seized assets, will have to decide whether to sell the units on a Bitcoin exchange or find a private buyer, perhaps through an auction. A spokeswoman for Preet Bharara, the U.S. Attorney for New York's Southern District, said Friday that the government is still trying to decide what to do with the forfeited bitcoins. Story continues The timing of any sale could make a big difference in the amount the government could realize. Bitcoin's value has fluctuated wildly over the past six months. When Silk Road was seized, the bitcoins found on the server were worth $3.6 million, far below their current $27 million value. Friday's exchange rate was about $900 per bitcoin, according to the Tokyo-based Bitcoin exchange MtGox. It is unclear whether a large sale of bitcoins by the government could drive down the price. Friday's volume on MtGox, which is the largest Bitcoin exchange, was 8,656 units. "If it's worth $27 million now, is that a high part of the market? A low part of the market? That's one of the decisions they're going to have to make," said Louis Rulli, a professor at the University of Pennsylvania Law School. "It would seem to me that they would probably convert those bitcoins into cash relatively quickly." Barry Silbert, the founder of one of the first investment funds that lets retail investors gain exposure to Bitcoin, declined to offer an opinion on what the government should do with its stash or how a sale would affect the market. Marco Santori, chairman of the regulatory affairs committee for the Bitcoin Foundation, which is Bitcoin's official trade group, said the group did not have an official position on the matter. 'THIS WON'T BE DIFFICULT' Most goods seized by U.S. authorities end up in the hands of the U.S. Marshals, where they are auctioned or, at times, repurposed for government use. But the Marshals aren't just practiced at unloading forfeited SUVs or houses; they also deal with complex financial instruments, foreign companies and other kinds of obscure assets forfeited by criminals. "While Bitcoin is a somewhat new form of asset, it's not unusual for them to have to find out how to liquidate a new asset," said Jeffrey Alberts, a partner at Pryor Cashman and a former federal prosecutor in Manhattan. "This won't be difficult for them, whether they do it through an exchange or find a buyer who wants to buy it directly from them." Ulbricht was arrested October 1 in a San Francisco public library and charged by prosecutors in New York with one count each of money laundering, computer hacking and drug trafficking. He is being held at a federal detention center in New York without bail. [ID:nL2N0J61M1] He has not entered a formal plea but has maintained his innocence through statements by his lawyer. Prosecutors last week asked a judge to grant them a default judgment in the civil forfeiture case they filed after the raid on Silk Road and Ulbricht's arrest claiming Silk Road's assets. U.S. District Judge J. Paul Oetken signed an order to that effect on Wednesday, giving the government control of the 29,655 Bitcoins from Silk Road's server but not of the bitcoins - the larger sum - discovered on Ulbricht's computer. Those are still in dispute. The proceeds from any sale would be turned over to an asset forfeiture fund from which the U.S. Justice Department can draw for law enforcement activities. If any money were to come back to prosecutors' budgets, it would be distributed evenly among U.S. attorneys' offices, a policy meant to prevent individual offices from unduly seizing assets to pad their budgets. (Reporting By Emily Flitter; Editing by Martin Howell and Douglas Royalty)
|
1,390,136,429 |
2014-01-19 13:00:29+00:00
|
{"Bitcoin": [292, 558, 595, 1075, 1330, 1933, 2197]}
|
{"Bitcoin": [11]}
|
Winkelvoss Bitcoin ETF Concept Inches Along
|
https://finance.yahoo.com/news/winkelvoss-bitcoin-etf-concept-inches-130029034.html
|
ETF Trends
|
http://www.etftrends.com/
|
With all the controversy and hoopla surrounding bitcoin, the volatile digital currency, investors looking to access the currency via an exchange traded product are looking to stay abreast of developments on the bitcoin ETF front.
That means monitoring the approval process for the Winkelvoss Bitcoin Trust, an ETF sponsored by twin brothers Cameron and Tyler Winkelvoss. Although ETF has yet to debut following a third-quarter filing with the Securities and Exchange Commission, the process is moving along and it appears that, at some point, the Winkelvoss Bitcoin Trust will become a reality.[Bitcoin ETF may Soon be a Reality]
“The SEC has generally been receptive,” the trust’s lawyer, Evan Greebel, told Michael Casey of theWall Street Journal. “We are working through common procedures and working through the registration process and we have not gotten any show stoppers. We think the SEC understands the nature of the project and understands that it does bring stability to bitcoin.”
The trust’s sponsor is Math-Based Asset Services LLC, which was formed in mid-2013.Bitcoin is a type of decentralized digital currency based on a peer-to-peer network and can be exchanged through computers internationally without a financial intermediary. The system was first introduced by developer Satoshi Nakamoto in 2009.[Study Says Bitcoin is Speculative]
Although more businesses are accepting bitcoin, the currency’s reputation for volatility could hinder broader acceptance. Additionally, some experts have argued bitcoin has no correlation to major currencies such as the U.S. dollar, therefore rendering it ineffective as a hedging tool.
Greebel said “the ETF should help the development of a large, institutional exchange for bitcoin to complement the offerings that currently exist from retail-focused platforms,” according to the Journal. He did tell the Journal when the ETF could be approved or debut for public consumption.
Bitcoin and the ETF concept got something of a lift in November when representatives from the Department of Justice and Securities and Exchange Commission told the U.S. Senate Committee on Homeland Security that the currency is indeed a legitimate financial tool.[Bitcoin Moves to Legitimacy; ETF to Follow]
ETF Trends editorial team contributed to this post.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.
|
1,390,223,220 |
2014-01-20 13:07:00+00:00
|
{"Bitcoin": [0, 259, 699]}
|
{"Bitcoin": [30]}
|
How Milton Friedman Predicted Bitcoin In 1999
|
https://finance.yahoo.com/news/finance.yahoo.com/news/milton-friedman-predicted-bitcoin-1999-130700533.html
|
Entrepreneur
|
http://www.entrepreneur.com/
|
Bitcoinis widely embraced by the libertarian community, mostly because the digital currency isn't tied to any single government, nor is it that heavily regulated. (Well, at least not yet. Give it time.)
So it shouldn't come as a surprise that the idea behind Bitcoin was endorsed years ago by Milton Friedman, the shaman of modern free-market economics.
In a 1999 interview suddenly making the rounds on YouTube, Friedman talks about the then-nascent internet, saying he thinks it will be one of "the major forces reducing the role of government."
That remains to be seen, but he then mused over the idea of a web currency that sounds awfully familiar to today's beloved, misunderstood and evolving Bitcoin...
More From Entrepreneur
• 6 Sideline Trends Poised to Change the Entrepreneurship Game
• How Much Blame Do the Jobless Bear for Joblessness?
• Why Our Job Market Is Dying Before Our Eyes
|
1,390,223,220 |
2014-01-20 13:07:00+00:00
|
{"Bitcoin": [0, 259, 699]}
|
{"Bitcoin": [30]}
|
How Milton Friedman Predicted Bitcoin In 1999
|
https://finance.yahoo.com/news/milton-friedman-predicted-bitcoin-1999-130700533.html
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Entrepreneur
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http://www.entrepreneur.com/
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Bitcoinis widely embraced by the libertarian community, mostly because the digital currency isn't tied to any single government, nor is it that heavily regulated. (Well, at least not yet. Give it time.)
So it shouldn't come as a surprise that the idea behind Bitcoin was endorsed years ago by Milton Friedman, the shaman of modern free-market economics.
In a 1999 interview suddenly making the rounds on YouTube, Friedman talks about the then-nascent internet, saying he thinks it will be one of "the major forces reducing the role of government."
That remains to be seen, but he then mused over the idea of a web currency that sounds awfully familiar to today's beloved, misunderstood and evolving Bitcoin...
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1,470,162,177 |
2016-08-02 18:22:57+00:00
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{"Bitcoin": [1140]}
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{}
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Exclusive - LexisNexis and start-up join to curb bitcoin money-laundering
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https://finance.yahoo.com/news/exclusive-lexisnexis-start-join-curb-182135190.html
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Reuters
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https://www.reuters.com/
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By Jemima Kelly LONDON (Reuters) - A company that provides banks with anti-money-laundering controls has teamed up with a bitcoin security firm to try to curb nefarious uses of the digital currency, such as drug trafficking and terrorism financing. LexisNexis said the new service it has created with London-based startup Elliptic would bring bank-grade AML controls to bitcoin transactions, making the virtual currency more attractive to those who might want to use it for legitimate transactions LexisNexis, part of multinational analytics firm RELX Group, helps banks comply with AML regulation, using a database of 2.7 million global entities that could be involved in illicit transactions, such as those on sanctions and other watch-lists. It has shared that database with Elliptic, which monitors bitcoin transactions and can alert its clients - ranging from bitcoin exchanges to U.S. and European intelligence agencies - when money moves from bitcoin addresses that have been identified as bad actors. "This is a step towards making it (bitcoin) more mainstream and more acceptable," said Thomas Brown, of LexisNexis Risk Solutions. Bitcoin is a web-based digital currency that relies on complex algorithms to move money around quickly and anonymously with no need for a central authority to process transactions. That has made it attractive to a variety of users, including those who want to get around capital controls and those who support a currency that is free from government control for ideological reasons. But it has also attracted criminals, such as drug dealers and arms traffickers. "Today, if you see bitcoins transacting, you almost assume they're from someone who wants to be off the grid, or they're proceeds from illicit transactions," said Brown. Last month Elliptic said it was working with the Internet Watch Foundation to clamp down on the use of bitcoin for online child pornography. "The single biggest thing keeping mainstream financial services out of the (bitcoin) ecosystem is the inability to do bank-grade anti-money laundering controls," said Elliptic's head of business development, Kevin Beardsley. "The hope is that this will unlock a whole wave of companies being able to enter financial services with bitcoin." (Editing by Robin Pomeroy) View comments
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1,470,162,196 |
2016-08-02 18:23:16+00:00
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{"Bitcoin": [1148]}
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{}
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Exclusive: LexisNexis and start-up join to curb bitcoin money-laundering
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https://finance.yahoo.com/news/exclusive-lexisnexis-start-join-curb-182316228.html
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Reuters
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https://www.reuters.com/
|
By Jemima Kelly LONDON (Reuters) - A company that provides banks with anti-money-laundering controls has teamed up with a bitcoin security firm to try to curb nefarious uses of the digital currency, such as drug trafficking and terrorism financing. LexisNexis said the new service it has created with London-based startup Elliptic would bring bank-grade AML controls to bitcoin transactions, making the virtual currency more attractive to those who might want to use it for legitimate transactions LexisNexis, part of multinational analytics firm RELX Group (REL.L), helps banks comply with AML regulation, using a database of 2.7 million global entities that could be involved in illicit transactions, such as those on sanctions and other watch-lists. It has shared that database with Elliptic, which monitors bitcoin transactions and can alert its clients - ranging from bitcoin exchanges to U.S. and European intelligence agencies - when money moves from bitcoin addresses that have been identified as bad actors. "This is a step towards making it (bitcoin) more mainstream and more acceptable," said Thomas Brown, of LexisNexis Risk Solutions. Bitcoin is a web-based digital currency that relies on complex algorithms to move money around quickly and anonymously with no need for a central authority to process transactions. That has made it attractive to a variety of users, including those who want to get around capital controls and those who support a currency that is free from government control for ideological reasons. But it has also attracted criminals, such as drug dealers and arms traffickers. "Today, if you see bitcoins transacting, you almost assume they're from someone who wants to be off the grid, or they're proceeds from illicit transactions," said Brown. Last month Elliptic said it was working with the Internet Watch Foundation to clamp down on the use of bitcoin for online child pornography. "The single biggest thing keeping mainstream financial services out of the (bitcoin) ecosystem is the inability to do bank-grade anti-money laundering controls," said Elliptic's head of business development, Kevin Beardsley. "The hope is that this will unlock a whole wave of companies being able to enter financial services with bitcoin." (Editing by Robin Pomeroy)
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1,470,162,538 |
2016-08-02 18:28:58+00:00
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{"Bitcoin": [1148]}
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{}
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Exclusive: LexisNexis and start-up join to curb bitcoin money-laundering
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https://finance.yahoo.com/news/exclusive-lexisnexis-start-join-curb-181950663.html
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Reuters
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https://www.reuters.com/
|
By Jemima Kelly LONDON (Reuters) - A company that provides banks with anti-money-laundering controls has teamed up with a bitcoin security firm to try to curb nefarious uses of the digital currency, such as drug trafficking and terrorism financing. LexisNexis said the new service it has created with London-based startup Elliptic would bring bank-grade AML controls to bitcoin transactions, making the virtual currency more attractive to those who might want to use it for legitimate transactions LexisNexis, part of multinational analytics firm RELX Group (REL.L), helps banks comply with AML regulation, using a database of 2.7 million global entities that could be involved in illicit transactions, such as those on sanctions and other watch-lists. It has shared that database with Elliptic, which monitors bitcoin transactions and can alert its clients - ranging from bitcoin exchanges to U.S. and European intelligence agencies - when money moves from bitcoin addresses that have been identified as bad actors. "This is a step towards making it (bitcoin) more mainstream and more acceptable," said Thomas Brown, of LexisNexis Risk Solutions. Bitcoin is a web-based digital currency that relies on complex algorithms to move money around quickly and anonymously with no need for a central authority to process transactions. That has made it attractive to a variety of users, including those who want to get around capital controls and those who support a currency that is free from government control for ideological reasons. But it has also attracted criminals, such as drug dealers and arms traffickers. "Today, if you see bitcoins transacting, you almost assume they're from someone who wants to be off the grid, or they're proceeds from illicit transactions," said Brown. Last month Elliptic said it was working with the Internet Watch Foundation to clamp down on the use of bitcoin for online child pornography. "The single biggest thing keeping mainstream financial services out of the (bitcoin) ecosystem is the inability to do bank-grade anti-money laundering controls," said Elliptic's head of business development, Kevin Beardsley. "The hope is that this will unlock a whole wave of companies being able to enter financial services with bitcoin." (Editing by Robin Pomeroy)
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1,470,162,538 |
2016-08-02 18:28:58+00:00
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{"Bitcoin": [1141]}
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{}
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Exclusive: LexisNexis and start-up join to curb bitcoin money-laundering
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https://finance.yahoo.com/news/exclusive-lexisnexis-start-join-curb-bitcoin-money-laundering-181950859--sector.html
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Reuters
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https://www.reuters.com/
|
By Jemima Kelly LONDON (Reuters) - A company that provides banks with anti-money-laundering controls has teamed up with a bitcoin security firm to try to curb nefarious uses of the digital currency, such as drug trafficking and terrorism financing. LexisNexis said the new service it has created with London-based startup Elliptic would bring bank-grade AML controls to bitcoin transactions, making the virtual currency more attractive to those who might want to use it for legitimate transactions LexisNexis, part of multinational analytics firm RELX Group , helps banks comply with AML regulation, using a database of 2.7 million global entities that could be involved in illicit transactions, such as those on sanctions and other watch-lists. It has shared that database with Elliptic, which monitors bitcoin transactions and can alert its clients - ranging from bitcoin exchanges to U.S. and European intelligence agencies - when money moves from bitcoin addresses that have been identified as bad actors. "This is a step towards making it (bitcoin) more mainstream and more acceptable," said Thomas Brown, of LexisNexis Risk Solutions. Bitcoin is a web-based digital currency that relies on complex algorithms to move money around quickly and anonymously with no need for a central authority to process transactions. That has made it attractive to a variety of users, including those who want to get around capital controls and those who support a currency that is free from government control for ideological reasons. But it has also attracted criminals, such as drug dealers and arms traffickers. "Today, if you see bitcoins transacting, you almost assume they're from someone who wants to be off the grid, or they're proceeds from illicit transactions," said Brown. Last month Elliptic said it was working with the Internet Watch Foundation to clamp down on the use of bitcoin for online child pornography. "The single biggest thing keeping mainstream financial services out of the (bitcoin) ecosystem is the inability to do bank-grade anti-money laundering controls," said Elliptic's head of business development, Kevin Beardsley. "The hope is that this will unlock a whole wave of companies being able to enter financial services with bitcoin." (Editing by Robin Pomeroy) View comments
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1,470,162,538 |
2016-08-02 18:28:58+00:00
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{"Bitcoin": [1148]}
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{}
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Exclusive: LexisNexis and start-up join to curb bitcoin money-laundering
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https://finance.yahoo.com/news/exclusive-lexisnexis-start-join-curb-181950715.html
|
Reuters
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http://www.reuters.com/
|
By Jemima Kelly
LONDON (Reuters) - A company that provides banks with anti-money-laundering controls has teamed up with a bitcoin security firm to try to curb nefarious uses of the digital currency, such as drug trafficking and terrorism financing.
LexisNexis said the new service it has created with London-based startup Elliptic would bring bank-grade AML controls to bitcoin transactions, making the virtual currency more attractive to those who might want to use it for legitimate transactions
LexisNexis, part of multinational analytics firm RELX Group (REL.L), helps banks comply with AML regulation, using a database of 2.7 million global entities that could be involved in illicit transactions, such as those on sanctions and other watch-lists.
It has shared that database with Elliptic, which monitors bitcoin transactions and can alert its clients - ranging from bitcoin exchanges to U.S. and European intelligence agencies - when money moves from bitcoin addresses that have been identified as bad actors.
"This is a step towards making it (bitcoin) more mainstream and more acceptable," said Thomas Brown, of LexisNexis Risk Solutions.
Bitcoin is a web-based digital currency that relies on complex algorithms to move money around quickly and anonymously with no need for a central authority to process transactions.
That has made it attractive to a variety of users, including those who want to get around capital controls and those who support a currency that is free from government control for ideological reasons. But it has also attracted criminals, such as drug dealers and arms traffickers.
"Today, if you see bitcoins transacting, you almost assume they're from someone who wants to be off the grid, or they're proceeds from illicit transactions," said Brown.
Last month Elliptic said it was working with the Internet Watch Foundation to clamp down on the use of bitcoin for online child pornography.
"The single biggest thing keeping mainstream financial services out of the (bitcoin) ecosystem is the inability to do bank-grade anti-money laundering controls," said Elliptic's head of business development, Kevin Beardsley.
"The hope is that this will unlock a whole wave of companies being able to enter financial services with bitcoin."
(Editing by Robin Pomeroy)
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1,420,833,444 |
2015-01-09 19:57:24+00:00
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{"Bitcoin": [1065]}
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{}
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George Takei Talks Tech, Social-Media Stardom and More During Microsoft's Inaugural Podcast
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https://finance.yahoo.com/news/george-takei-talks-tech-social-195724309.html
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Entrepreneur
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http://www.entrepreneur.com/
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Serialthis isn’t. But tech-giant Microsoft has just announced its foray into the podcasting arena with a brand new series entitled "Next at Microsoft."
The show will “bring in some of the industry’s most interesting people to talk about tech,” host (and Microsoft executive) David Chen wrote in ablog postannouncing the initiative.
Judging from the first episode, however -- featuring actor, activist and social-media phenom George Takei -- the conversation is likely to stray into promotional fodder for Microsoft products and ventures.
While Takei discussed his unexpected rise as a belovedFacebook personality, where he currently counts more than 8 million followers, he was also sure to make mention of a recent visit to Microsoft’s campus in Washington. There, he says, he toured The Garage, a space where “very young innovators gathered together as a team and worked on marathon projects” including tech that allowed paralyzed NFL star Steve Gleason to control his wheelchair with his eyes.
Related:Microsoft Is Now the Largest Company in the World to Accept Bitcoin
Takei, who had ventured to Microsoft as part of his own YouTube series with the AARP entitledTakei’s Take, also extolled the virtues of Microsoft's Skype Translator -- a concept first broached onStar Trek, he says, as an imaginary device to communicate with alien species called the "universal translator."
In addition to all the tech talk, Takei, who is 77, discussed his recent career resurgence. All of his activity on social media, he says, actually stems from what he calls his “legacy project,” a musical drama about Japanese American internment calledAllegiance. To promote the piece, Takei sought to reach out to his core audience of sci-fi geeks and Internet nerds. A Grumpy Cat meme was the first share that truly broke through, he says.
However, for the openly gay LGBT activist, it isn’t all fun and games.
“With humor, I’ve been able to grow [my audience] large enough that I can inject commentary on campaign finance reform or other issues that seem a little finger waggling, but are important for Americans to be thinking about,” he said.
Related:Microsoft Says 11-Hour Azure Outage Was Caused by System Update
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1,445,866,620 |
2015-10-26 13:37:00+00:00
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{"Bitcoin": [2631], "BTC": [383, 512, 651, 883, 956, 1024, 1139, 1207, 1276, 1795, 2097, 2549, 2701]}
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{"BTC": [51]}
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Global Arena Holding Sub Buys Into Blockchain With BTC Purchase
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https://finance.yahoo.com/news/global-arena-holding-sub-buys-133700768.html
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Marketwired
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http://www.marketwired.com/
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NEW YORK, NY--(Marketwired - Oct 26, 2015) -Global Arena Holding, Inc.(the "Company") (OTC PINK:GAHC), announced today, that the Company has officially secured, with an initial investment, six blockchain startups, five provisional patents, one non-provisional patent and the expertise of Mr. Nick Spanos, through its subsidiary's acquisition of Blockchain Technologies Corporation ("BTC").
As noted in the Company'sForm 8-K Filing, GAHI Acquisition Corporation ("GAHI") has formally initiated the acquisition of BTC with an initial investment into the technology firm,solidifying the Company's entry into the Blockchain. Mr. Matthews and Nick Spanos (BTC's President), commenced this acquisition effort during the 2nd Quarter of 2015. During the 3rd Quarter, the Companysecured the initial capitalrequired to start formal execution of theAgreement and Plan of Mergerbetween GAHI and BTC.
As a result, the Company has a tenable accumulation of up to 30% of BTC in this initial transaction, having (i) acquired a 10% stake of BTC through a cash and stock deal, and, (ii) secured a right to acquire an existing position held by a third party BTC debtholder which is convertible into an additional 20% stake of BTC. As this dealsolidifies the Company's entry into the Blockchain, BTC is expected to ultimately merge with GAHI, leaving GAHI as the surviving entity.
"It is now official!" said Mr. John Matthews, CEO of the Company. "Through this deal, we have nowsolidified the Company's entry into the Blockchain. What makes this foray even more exciting is that Global Election Services ("GES") nowhas complete accessto Nick Spanos and his expert knowledge of the blockchain. This givesMs. Maralin Falikthe ability toleverage the power of the blockchain, through vertical applications developed by BTC -- and enhance the rapid expansion of our election services business."
Management believes that the Company is now well positioned to make significant contributions to the ongoing development of whatMarc Andreessensuggests, could be the most important invention since the Internet itself. And with BTC under its umbrella, the Company intends to leverage its new competitive advantage, "using thisdistributed consensus model, to influence and create vertical blockchain applications that will prove both useful to the world and lucrative to Global Arena Holding," concluded Matthews.
For a message from the CEO expanding on this opportunity, visit:http://wp.me/p6Nf5M-CX
About Blockchain Technologies Corporation
Blockchain Technologies Corporation ("BTC") is a technology company which leverages the underlying crypto technology of Bitcoin [Blockchain] and the blockchain'sdistributed consensus model. BTC, which acts as a seed accelerator for blockchain related opportunities, currently features six blockchain startups, five provisional patents and one non-provisional patent, specific to the crypto technology.
For more information visit:http://blockchaintechcorp.com/
About Global Arena Holding
The Company trades on the OTC Pink Sheets under the ticker symbol GAHC. The Company has been publicly traded since 2011 and holds a number of interests, including Global Elections Services, Inc. and GAHI Acquisition Corp. The Company focuses on acquiring technologies, patents and companies having the ability to leverage the blockchain crypto technology.
For more information visit:http://globalarenaholding.com
Twitter:www.twitter.com/GlobalArenaGAHCFacebook:www.facebook.com/GlobalArenaHoldingGAHCLinkedIn:www.linkedin.com/pub/global-arena-holding/107/86a/a7Google+:http://tinyurl.com/GlobalArenaHolding
Safe Harbor Statement
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release contains statements that are forward-looking, such as statements related to the future anticipated direction of the industry, plans for future expansion, various business development activities, planned or required capital expenditures, future funding sources, anticipated sales growth, and potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by, or on behalf of, the company. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, domestic and global economic conditions, and other risks and uncertainties described in the Company's periodic filings with the Securities and Exchange Commission.
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1,390,253,400 |
2014-01-20 21:30:00+00:00
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{"Bitcoin": [1110]}
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{}
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Jamaican Bobsled Team Could Go to Olympics in 2014…Thanks to Crowdfunding
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https://finance.yahoo.com/news/jamaican-bobsled-team-could-olympics-213300080.html
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The Fiscal Times
|
http://www.thefiscaltimes.com/
|
Feel the rhythm, feel the rhyme, get on up, it’s bobsled time…Cool Runnings…2?
After a 12-year hiatus, the Jamaican bobsled team announced Saturday that it has qualified to compete in the Olympic games. Unfortunately, the team, which was famously portrayed in the 1993 Disney classicCool Runnings,has run into a bit of a money problem again. This time they need to raise $80,000 in the next week in order to get to Sochi. As sled driver Winston Watt told theAssociated Presson Saturday, “Right now, we’re at zero.”
Related: Crowdfunding Promoted to Help Small Businesses
Not to worry, guys. the Internet is on it.
So far, in less than three days, Crowdfunding,Redditand virtual currency have combined to raise approximately $56,300, according toMashable.Indiegogo and Crowdtilt, two major crowdfunding platforms, have raised a combined $26,458. The rest of the donations have primarily been drummed up on Reddit.
As an example, one post on the dogecoin subreddit titled, “Let’s send the Jamaican bobsled team to the Winter Olympics!” encouraged viewers to donate using dogecoins, a virtual currency similar to Bitcoin.
The bobsled team’stwitter accounthas also been helping drive traffic to the crowdfunding websites in order to meet their goal. This isn’t the first time the team struggled for funding, when they competed in the 1988 games in Calgary, as depicted in the movie, the team had to scrounge for funding from U.S. businessmen and the president of the Jamaica Olympic Association.
Technology has transformed fundraising in the past few years. Now crowdfunding sites like Kickstarter and Indiegogo have become major resources for everything from startups to science research and more. Some individuals have even used the fundraising sites as tools to bankroll their own personal expenses like college tuition.
If the team meets its goal, this will be the first time an Olympic team (and a potential movie sequel) has been funded through Internet donations.
Top Reads from The Fiscal Times
• 3 Foods You Should Never Eat in 2014
• CES 2014: High-Tech Tracking Devices You Could Soon Be Wearing
• The Worst Cars at the 2014 Detroit Auto Show
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1,390,257,858 |
2014-01-20 22:44:18+00:00
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{"Bitcoin": [116, 324, 438, 570, 764, 828, 1025, 1236, 1537, 1935, 2220]}
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{"Bitcoin": [33]}
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Overstock.com sees new market in Bitcoins
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https://finance.yahoo.com/news/overstock-com-sees-market-bitcoins-203542155.html
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Associated Press
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https://apnews.com/
|
SALT LAKE CITY (AP) -- Salt Lake City-based Overstock.com Inc. says it's the first major retailer to accept digital Bitcoins as payment for goods. The $1 billion company is tapping into a new market of buyers who use the online currency, and other major retailers will lose market share if they don't follow suit and accept Bitcoins, Overstock CEO Patrick Byrne said. "I've been hearing from people all over the world — cult followers of Bitcoin — who say they are going to shift all of their shopping to Overstock.com," Byrne told CBS affiliate KUTV in Salt Lake City. Bitcoin users buy digital money and load it onto a virtual wallet. They can buy things online without having to enter their credit card information. Unlike government-issued money, the value of Bitcoin fluctuates rapidly. To protect itself, Overstock uses a Bitcoin broker that immediately exchanges the digital coins into dollars. Overstock started accepting the virtual currency Jan. 9, and Byrne said the company almost immediately grossed $100,000 in Bitcoin orders. "You'll see Amazon jump on board. You'll see other large companies — they have to because they cannot concede this whole section of the market to us," Byrne said. Amazon.com Inc. does not accept Bitcoins and has no plans to do so, company spokeswoman Julie Law said Monday. The cybercurrency has existed for years as a kind of Internet oddity, counting supporters among tech-savvy libertarians, currency geeks and online speculators. Yet increasing acceptance is bringing it into mainstream use. Bitcoins are created, distributed, and authenticated independently of any bank or government. The currency's cryptographic features make it virtually immune from counterfeiting, and its relative anonymity holds out the promise of being able to spend money across the Internet without fear of governments. The linchpin of the system is a network of "miners" — high-end computer users who supply the Bitcoin network with the processing power needed to maintain a transparent, running tally of all transactions. The tally is one of the most important ways in which the system prevents fraud, and the miners are rewarded for supporting the system with an occasional helping of brand new Bitcoins. ___ Information from: KUTV-TV, http://www.kutv.com/
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1,390,271,251 |
2014-01-21 02:27:31+00:00
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{"Bitcoin": [124, 432, 4568], "BTC": [743]}
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{"Bitcoin": [14]}
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It's Not Just Bitcoin: A Beginner's Guide to the OTHER New Cryptocurrencies
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https://finance.yahoo.com/news/a-beginners-guide-to-new-cryptocurrencies-like-74016517813.html
|
Yahoo Tech
|
https://www.yahoo.com/tech/
|
If you’re wondering what the hell cryptocurrency is: join the club. While Twitter, and the internet, pretends to understand Bitcoins or “altcoins” or whatever damn coins exist on the computer but not in my wallet, the truth is that millions of us are totally clueless about these market mavericks purporting to revolutionize economic life as we know it. READ MORE Lawsuit: Facebook Sold Messages Crypto-bod Ben Doernberg explains: “Bitcoin was started by hardcore computer experts as a deadly-serious attempt to change the economic and political landscape, and it quickly attracted a core group of libertarians and cryptography enthusiasts.” Indeed, the digi-currency has enjoyed a meteoric rise to prominence since its 2009 inception, with 1 BTC now worth nearly $1k. But, as with all great success stories, one inspired idea paves the way for an onslaught of wildly inferior ones, and the daddy of altcoins has spawned hundreds of copycats. Simply being a decentralized, peer-to-peer currency was soon no longer enough, and lo and behold—a wave of digital money meme-ry was born. Yep, the fiscal potential of altcoins now plays second fiddle to the kitsch factor, spearheaded by the introduction of Dogecoin last year. So here’s a guide to some of the key players in the cryptocoin market (plus some others that deserve a spot for being sufficiently weird): READ MORE Facebook’s Robot King Dogecoin It’s only right to begin this list with Dogecoin, the currency based on 2013’s Meme of the Year (no really that’s a thing now), Doge. A Shiba Inu pooch with a poor grasp of spelling may seem like a peculiar choice for a meme, but self-confessed “shibes” all over the globe have taken the little fuzzmeister into their hearts—and now their bank accounts—with the introduction of Dogecoin. The currency’s co-creator Jackson Palmer muses: “I think the real reason for Dogecoin’s success is that it’s added a friendly face to the notion of a global, digital currency—in turn, we’ve built a large passionate community of users, for many of whom Dogecoin is their first experience with cryptocurrency.” READ MORE Ditch the Lazy Lady-Tech The canine-faced coin functions less as a means of turning a profit, but rather as a way of ‘tipping’ fellow internet users in online games or social networks. Billy Markus —Palmer’s partner in coin crime—estimates that their creation has triggered a steep rise in new cryptocurrencies making their way to market, with anything from five to 15 being launched every day. Compare this to the fact that less than one per week were circulating before Dogecoin came out, and it’s clear that this cutely packaged computer cash packs a serious punch. Story continues While some might question why we need to brand these digital dollars with memes, Brett Scott, author of The Heretic’s Guide to Global Finance , believes that they are crucial to a cryptocurrency’s success by provoking an emotional response from its users: “Any belief in currency—whether it be a paper note, or a piece of metal, or digital bytes, is essentially irrational and requires some emotional leap of faith.” Scott’s belief in Dogecoin is so solid that he accepts it as payment for his book, adding: “I believe the symbol has enough emotional power to form the basis for a future cultural system of value.” READ MORE What You Talked About in 2013 Coinye West And when it comes to cultural value, we really need look no further than Kanye West, the inspiration behind 2014’s first major cryptocurrency, Coinye West. ‘I don’t know what’s better, gettin’ laid or gettin’ paid,’ rapped the self-proclaimed “nucleus” in This Way , and it seems the currency’s creators are trying to experience at least one of those things for the first time by gathering some Coinye capital. READ MORE Hack Your Facebook The altcoin launched in a blaze of legal fury last week after KW’s lawyers tried to shut it down, irate that the sole product in the world West doesn’t already have his own line of would go to market with his name on it. “It remains to be seen if Coinye will be much more than another PR black eye on the cryptocurrency community at large,” says Rackspace developer Jesse Noller. “It may be a good idea, but they launched it as a pure marketing jump after seeing the success of Dogecoin. It was a classic pump and dump: hype, pre-mine the coin, launch, cash out.” While Coinye’s mascot has now inexplicably morphed into a blinged up ‘n’ bloated Kanye fish face, the entire messy enterprise has given cryptocurrency naysayers extra ammo in denouncing digital dollars. “Bitcoin [and its variants] has become synonymous with everything wrong with Silicon Valley: a marriage of dubious technology and questionable economics wrapped up in a crypto-libertarian political agenda that smacks of nerds-do-it-better paternalism,” blasts former Twitter engineer Alex Payne . Moral of the story: bitcoins bad, cute coins good. READ MORE Subreddit on Navy Yard Shooting Banned Catcoin And so explains the birth of Catcoin, the latest creation hell-bent on knocking its canine counterpart off its perch. Relying on the fluffiness factor to give them a popularity boost, the burgeoning currency is already attempting to scoop up Dogecoin defectors on reddit and increase its market value. Most of these bitcoin wannabes fall apart soon enough, though, and it remains to be seen whether Catcoin will really make its mark. “It’s completely impossible to say whether there is room for multiple cryptocurrencies to stick around,” Doernberg elaborates, “but if there is, Dogecoin or another coin like it has strong potential as a family friendly coin used in online games and to tip on social networks.” READ MORE iPhone 5s: The ‘S’ Stands for ‘Same While cryptocoin defenders are keen to extol the virtues of their online community, it does raise (even more) questions about what the actual point of all this pretend computer cash is. Is it intended as an economic game-changer that people can make real money from, or just a way of dishing out likes or recommends with a furry mascot attached? And, if it’s the latter, why name the currencies something so closely aligned to the libertarian ideology of bitcoin? Such questions, very confuse, etc. RonPaulcoin READ MORE Apple With a Side of Koch Let’s move back from the deep and meaningful to the sheer ridiculous, which has helpfully been bestowed unto us by the creators of RonPaulcoin. Yes, that’s correct, a digital currency dedicated to the “intellectual godfather” of the Tea Party. The senior political Paul has been outspoken in his praise of bitcoin, telling CNN that it could “destroy the dollar” and cause a serious fiscal shake-up, so it seems like a logical step for him to be the face of one of its newest revamps. With a current market value of more than $28 per RPC and a ranking as the 47th most valuable of the 71 cryptocurrencies, this coin is climbing the ladder pretty quickly. But if RonPaulCoin is the start, where does this all end? With Obama bucks? De Blasio dollars? Joe Biden Gs? You get the picture, and it’s not a pretty one. (Well, it will be if Joe B’s Gs takes off. Here’s hoping). READ MORE Bracelet Unlocks Devices with Heartbeat Sexcoin There’s only one logical move to make after RonPaulcoin: Sexcoin. This one seems to have a shred more purpose than its bitcoin-esque bedfellows as it promises a more private means of online transaction between performers, producers and consumers of adult material. It can be a little hard to take a cryptocurrency whose tagline is ‘Super Sexy and Delicious’ seriously, but with a current market capitalization ranking of 30, its performance isn’t too shabby. READ MORE Are They or Aren’t They? So where do we go with all of this screen money, and is it really likely to overthrow our economic infrastructures anytime soon? If anything, the deluge of heavily orchestrated ‘quirkiness’ these groups are trying to inject into the market is something of a turn off, and the regular risk these currencies seem to be at from hacking doesn’t do much to restore my faith that altcoins are just a bunch of computery nothingness. “I agree with the naysayers—in fact, I pretty much am a naysayer,” concludes Noller. “But somewhere in between thinking cryptocurrencies are the future and cryptocurrencies are neckbeard monopoly money is the truth. Just don’t invest real money. Please.” Related from The Daily Beast Microsoft Buying Nokia Handset Biz How to Hide From Your Phone I Want an iWatch! Like us on Facebook - <href=”#!/thedailybeast%20” data-rapid_p=”25” id=”yui_3_9_1_1_1390270686288_1251” >Follow us on Twitter - Sign up for The Cheat Sheet Newsletter View comments
|
1,420,844,160 |
2015-01-09 22:56:00+00:00
|
{"BTC": [944]}
|
{}
|
Your first trade for Monday
|
https://finance.yahoo.com/news/first-trade-monday-january-12-225600687.html
|
CNBC
|
http://www.cnbc.com/
|
The " Fast Money " traders unveiled their final trades of the day. Tim Seymour was a buyer of LGF. (LGF)Steve Grasso was a buyer of TWTR (TWTR).Brian Kelly was a buyer of TIP (NYSE Arca: TIP).Guy Adami was a buyer of LLY. (LLY) Trader disclosure: On Jan. 9, 2015, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Tim Seymour is long AAPL, BAC, C, DIS, F, GE, GM, GOOGL, INTC, LGF, BX, SUNE, Tim's firm is long BABA, BIDU, CCU, DSKY, KNDI, MCD, NKE, NOK, SINA, SBUX, TSL, VIP, Tim's firm is short DNKN, today he bought LGF. Steve Grasso is long AAPL, BA, CLVS, EVGN, FB, GDX, GOOGL, IMMR, KBH, KDUS, MBLY, MHY, MJNA, NVIV, PFE, POT, SO, T, TMUS, TWTR, YHOO, his kids are long EFG, EFA, EWJ, IJR, SPY his firm is long ABX, NEM, BP, TWTR, SBUX.Guy Adami is long CELG, EXAS, INTC, Guy Adami's wife, Linda Snow, works at Merck. Brian Kelly is long BBRY calls, BTC=, CTRL calls, GDX calls, HYG puts, TWTR call spreads, he is short EWA, EWG, EWQ, EWQ, EWZ, EWH, EWW, Yuan, HGH5. Raymond James Analyst Aaron Kessler: Raymond James expects to receive or intends to seek compensation for investment banking services from Twitter in the next three months. Raymond James & Associates makes a market in shares of TWTR. Raymond James expects to receive or intends to seek compensation for investment banking services from Google in the next three months.
|
1,470,172,425 |
2016-08-02 21:13:45+00:00
|
{"Bitcoin": [1686]}
|
{}
|
Hong Kong bitcoin exchange says it was hacked, trading suspended
|
https://finance.yahoo.com/news/hong-kong-bitcoin-exchange-says-211345709.html
|
Reuters
|
http://www.reuters.com/
|
By Gertrude Chavez-Dreyfuss
NEW YORK, Aug 2 (Reuters) - Hong Kong-based digital currency exchange Bitfinex said late on Tuesday it has suspended trading on its exchange after it discovered a security breach, according to a company statement on its website.
Bitfinex is one of the largest exchanges for trading digital currencies bitcoin, ether, and litecoin. It has offices in Europe and the United States and is known in the digital currency community for having a platform that has deep liquidity in the U.S. dollar/bitcoin currency pair.
The company said it has also suspended deposits and withdrawals of digital currencies from the exchange.
"We are investigating the breach to determine what happened, but we know that some of our users have had their bitcoins stolen," the company said.
"We are undertaking a review to determine which users have been affected by the breach. While we conduct this initial investigation and secure our environment, bitfinex.com will be taken down and the maintenance page will be left up."
The company said it has reported the theft to law enforcement. It said it has not yet determined the value of digital currencies stolen from customer accounts.
Bitfinex also said as it goes through individual customer losses, it may need to settle open margin positions, associated financing, or collateral affected by the security breach.
Any settlements will be at the current market price as of 18:00 UTC (1800 GMT), the company said.
The attack on Bitfinex was reminiscent of a similar breach at Mt. Gox, a Tokyo-based bitcoin exchange forced to file for bankruptcy in early 2014 after hackers stole an estimated $650 million worth of customer bitcoins.
Bitcoin late on Tuesday was down 6.35 percent at $567.83 on the BitStamp platform.
(Reporting by Gertrude Chavez-Dreyfuss; Editing by Chris Reese)
|
1,470,172,556 |
2016-08-02 21:15:56+00:00
|
{"Bitcoin": [1679], "BTC": [1737]}
|
{}
|
Hong Kong bitcoin exchange says it was hacked, trading suspended
|
https://finance.yahoo.com/news/hong-kong-bitcoin-exchange-says-211556042.html
|
Reuters
|
https://www.reuters.com/
|
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - Hong Kong-based digital currency exchange Bitfinex said late on Tuesday it has suspended trading on its exchange after it discovered a security breach, according to a company statement on its website. Bitfinex is one of the largest exchanges for trading digital currencies bitcoin, ether, and litecoin. It has offices in Europe and the United States and is known in the digital currency community for having a platform that has deep liquidity in the U.S. dollar/bitcoin currency pair. The company said it has also suspended deposits and withdrawals of digital currencies from the exchange. "We are investigating the breach to determine what happened, but we know that some of our users have had their bitcoins stolen," the company said. "We are undertaking a review to determine which users have been affected by the breach. While we conduct this initial investigation and secure our environment, bitfinex.com will be taken down and the maintenance page will be left up." The company said it has reported the theft to law enforcement. It said it has not yet determined the value of digital currencies stolen from customer accounts. Bitfinex also said as it goes through individual customer losses, it may need to settle open margin positions, associated financing, or collateral affected by the security breach. Any settlements will be at the current market price as of 18:00 UTC (1800 GMT), the company said. The attack on Bitfinex was reminiscent of a similar breach at Mt. Gox, a Tokyo-based bitcoin exchange forced to file for bankruptcy in early 2014 after hackers stole an estimated $650 million worth of customer bitcoins. Bitcoin late on Tuesday was down 6.35 percent at $567.83 (BTC=BTSP) on the BitStamp platform. (Reporting by Gertrude Chavez-Dreyfuss; Editing by Chris Reese)
|
1,390,305,600 |
2014-01-21 12:00:00+00:00
|
{"Bitcoin": [278]}
|
{"Bitcoin": [53]}
|
Myriad Interactive Media 75% Complete CryptoCafe.com Bitcoin Project
|
https://finance.yahoo.com/news/myriad-interactive-media-75-complete-120000360.html
|
Marketwired
|
http://www.marketwired.com/
|
TORONTO, ON and LAS VEGAS, NV--(Marketwired - Jan 21, 2014) - Myriad Interactive Media Inc. (OTCQB:MYRY) (BERLIN:XNG), a global interactive media & development company, is pleased to announce that we have reached a significant milestone in the development of our CryptoCafe.com Bitcoin project.
"We are pleased to announce that we are on pace to beat our initial deadline of 3 months as we have been working around the clock to launch our first crypto currency platform. Followers of our story are welcome to sign up to the website atwww.cryptocafe.comwhere we will be announcing our website launch. I am excited to announce this additional milestone shortly so soon after our toxic debt has been removed, our team is very energized and focused on purely the technology-development side of our business and I am working diligently on further cleaning up our balance sheet," said Myriad CEO Derek Ivany.
"I mentioned that it is our ultimate goal to re-shape the entire balance sheet as we move forward with 3 very exciting projects early into 2014, and if things continue to move forward this won't be the only crypto project that our highly skilled development team will be building," continued Ivany.
MyMobiPoints Update
"I am also pleased to announce that we have developed a completely new version of our MyMobiPoints mobile application for IOS which is even more feature rich with the ability for a business to create coupons, blogs and podcast functions all available for sharing where users earn points," said Myriad CEO Derek Ivany.
"Our MyMobiPoints mobile application is an amazing solution for any sized business where they can drive significant traffic to both their social pages and to their business by having their users share content that is uploaded to the business's MyMobiPoints mobile application. This is a way to make social media work for a business. Instead of the old model of posting content to your page, your users are posting your content to their page. It is a 360 degree shift from what was considered the norm and once again another way at looking at social media from a different perspective. That's the Myriad way," continued Ivany.
The company would also like to announce that we are re-building our development studio business model and will be making a further announcement about our plans with our mobile development and web development businesses in the next couple of weeks.
About Myriad Interactive Media, Inc.:Myriad Interactive Media is an interactive marketing and development firm based in Toronto, Canada. Myriad designs and develops customized marketing plans, social media marketing campaigns, pay per click, and search engine marketing. Our company also develops in house web & mobile applications.
Myriad Interactive Media Inc. is a public company quoted on the OTCQB under the symbol MYRY. For more information, please visit us in the USA atwww.myriadim.com
Forward-Looking Statements
In addition to historical information, this press release may contain forward-looking statements that reflect the Company's current expectations and projections about future results, performance, prospects and opportunities. These forward-looking statements are based on information currently available to us and are subject to a number of risks, uncertainties and other factors that may cause actual results, performance, prospects or opportunities to be materially different from those expressed in, or implied by, such forward-looking statements. You should not place undue reliance on any forward-looking statements. Except as required by federal securities law, the Company assumes no obligation to update publicly or to revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available, new events occur or circumstances change in the future.
|
1,390,305,600 |
2014-01-21 12:00:00+00:00
|
{"Bitcoin": [176, 566, 664, 2573, 2844]}
|
{"Bitcoin": [13]}
|
WPCS Updates Bitcoin Platform Rollout Plan
|
https://finance.yahoo.com/news/wpcs-updates-bitcoin-platform-rollout-120000484.html
|
Marketwired
|
http://www.marketwired.com/
|
EXTON, PA--(Marketwired - Jan 21, 2014) - WPCS International Incorporated (NASDAQ:WPCS) today reported continued progress with its rollout strategy for its BTX Trader ("BTX") Bitcoin trading platform (www.btxtrader.com). According to Interim CEO Sebastian Giordano, "Though the acquisition was only recently completed on December 17, 2013, we are formalizing our plans and undertaking several initiatives to launch and begin monetizing this exciting opportunity."
Divya Thakur, BTX Chief Technology Officer stated that, "BTX is the first trading platform to enable Bitcoin traders and investors to access market data as well as execute orders for the top six (6) Bitcoin exchanges in a single application. What further differentiates BTX from any other product in the market is the opportunity to be the premier algorithmic trading platform for digital currencies, allowing traders to execute orders and trading strategies not available on other exchanges, such as 'stop limit'; which BTX already offers."
Ilya Subkhankulov, BTX Chief Operating Officer, provided additional clarification on BTX's rollout plan, indicating that, "In addition to our core trading functionality, the current free beta version of our Windows-based desktop application provides users with the unique ability to:
i. Trade with an institutional-grade user experience;ii. Access reliable and curated market data; and,iii. Utilize sophisticated market data visualization tools, such as tick charts.
Over the coming weeks and months, we will be announcing a continuing stream of functionality enhancements for our beta users, including:
i. Broader platform accessibility via web and mobile applications;ii. Integration with other exchanges and digital currencies; and,iii. Features, such as commission estimates and P&L tracking.
While we will disclose our BTX revenue model at a future date, we are still projecting an official launch of the BTX platform in the 2nd Quarter of calendar 2014," Subkhankulov concluded.
In other BTX developments, Giordano continued that, "While the BTX development team works diligently to prepare for launch, we are taking other measures to plant the seeds for future potential growth of this segment of our business. We have recently engaged the services of the New York City-based law firm of Merle, Brown & Nakamura, P.C., which has represented numerous money transmitters, check cashers and foreign exchange companies. We are very excited about forging this relationship to help guide us through the domestic and international regulatory requirements related to Bitcoin."
About WPCS International Incorporated
WPCS operates in two business segments including: (1) providing communications infrastructure contracting services to the public services, healthcare, energy and corporate enterprise markets worldwide; and (2) developing a Bitcoin trading platform. For more information, please visitwww.wpcs.comandwww.btxtrader.com.
Statements about the company's future expectations, including future revenue and earnings and all other statements in this press release, other than historical facts, are "forward-looking" statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Suchforward-lookingstatements involve risks and uncertainties and are subject to change at any time. The company's actual results could differ materially from expected results. In reflecting subsequent events or circumstances, the company undertakes no obligation to updateforward-lookingstatements.
|
1,470,200,437 |
2016-08-03 05:00:37+00:00
|
{"Bitcoin": [6303]}
|
{}
|
How Companies Should Prepare For Europe’s New Cybersecurity Rules
|
https://finance.yahoo.com/news/companies-prepare-europe-cybersecurity-rules-050037868.html
|
Fortune
|
http://fortune.com/
|
Peter J. Beshar is executive vice president and general counsel of .
Cyber breaches have dominated the headlines in the United States, with public companies, government agencies, universities, and now even political parties reporting attacks. No sector has been spared. Gazing across the Atlantic, however, the landscape appears dramatically and blissfully different. Virtually no large European company has publicly acknowledged a cyber breach. Is there an Iron Dome or magnetic force field protecting Europe against cyber attacks?
Sadly not. Cyber attacks are occurring across Europe every day. The fundamental difference is that the U.S. has 47 state laws mandating the public disclosure of cyber attacks. Up until now, Europe did not. One possible consequence is that the time lag between a cyber intrusion and the detection of that incident is nearly three times longer in Europe than the rest of the world.
That will change -- and the ramifications for European companies will be profound.
After years of debate, European authorities recently approved the EU General Data Protection Regulation. For the first time, companies operating in Europe will be required to report cyber breaches to national authorities within 72 hours and, if there is a significant risk of harm, companies would need to report the breaches to affected individuals. In addition, the regulation directs companies to implement “appropriate technical and organizational measures to ensure a level of security appropriate to the risk.” Companies that fail to adhere to these requirements will be subject to penalties of up to 4% of total revenues, as well as private lawsuits by individuals.
While formal implementation of the EU General Data Protection Regulation is two years away, we now have a window into what European companies can expect. Last year, the Dutch authorities adopted a “mini-GDPR” that imposes an obligation on companies operating in the Netherlands to report cyber incidents to the authorities. The fines for failure to do so can range up to 10% of a company’s revenues. In just the first 130 days since the law took effect at the start of this year, more than 1,500 cyber incidents were reported. Additionally, a 2015 study by PwC reported that 90% of large UK-based businesses - and 74% of small businesses - reported being hacked in the previous year.
Once these incidents are subject to public reporting, rather than whispers, public awareness and concern in Europe will increase markedly. If headlines are filled with reports of cyber breaches, supervisory boards of companies across the continent will press their management teams for assurance that proper attention and adequate resources are being allocated to confront this dynamic risk. Policymakers and data protection authorities will closely monitor these developments, particularly when attacks are directed at critical infrastructure.
The best risk mitigation strategy, of course, is preparation. European companies should be conducting comprehensive assessments of their IT security practices and benchmarking their performance against an established industry standard. In developing a plan of action, four key points should be considered.
First, cyber security is not an IT problem.
One of the lessons from the U.S. is that treating cyber risks as solely an IT issue will not work. The most senior members of a management team, including the CEO, CFO and GC, alongside the board of directors, need to be conversant with the principal threats facing their companies and the strategies for mitigating those threats. Too many companies continue to segregate their cyber security strategy within the walls of their IT departments. This must change.
Second, keep current with the most rampant types of attacks.
Though there are many forms and vectors of attack, “spearphishing” tops the list. Hackers send bespoke e-mails with details lifted from an employee’s page or forward “spoof” job listings from LinkedIn. Once an employee clicks on the attachment or link, malware is loaded on to the company’s system. Not surprisingly, more than 90% of successful cyber attacks begin with phishing campaigns. While there is no simple fix, technology in the form of detonation software that scans and then explodes malware in a quarantined environment, regular training of employees and sound software patch management protocols are crucial.
Third, build relationships with security, law enforcement and data protection authorities.
Trying to solve this issue alone will not work for either the government or industry. We are in this together. Collaboration with law enforcement is particularly important for operators of critical infrastructure -- power plants, telecommunications networks, transportation systems, chemical facilities, dams, civilian nuclear plants, and aviation, to name a few. Given the large percentage of critical infrastructure owned and operated by the private sector in the United States, American authorities have worked diligently to forge public-private partnerships to enhance cyber resilience. Replicating this model, the EU just adopted a new Network Information System Directive and a call for a Public-Private Partnership to combat this dynamic risk. Companies should embrace these efforts.
Fourth, assume you will be breached. Not if, but when. Do you have a written incident response plan?
Have you conducted a simulated drill for a cyber attack? Do you have an external and internal communications strategy? The goal is not elimination of the threat, but rather resilience. When a breach takes place, the objective is to be able to maintain the smooth running of your core operations.
Adequate preparation for cyberattacks is complicated, costly, and for many companies, somewhat counterintuitive. But armed with the facts and a clear regulatory roadmap, now is the time to make the necessary investments - and just as important, build the corporate culture - to protect your business and clients.
As cyber attacks grow more sophisticated and cause greater damage to industries and individuals, it will be increasingly difficult to counter this threat unless we learn from each other and incorporate best practices on both sides of the Atlantic.
See original article on Fortune.com
More from Fortune.com
• Hong Kong Bitcoin Exchange Suspends Trading After Discovering Hack
• How Google Is Making YouTube Safer For Its Users
• Bangladesh Officials Head to Manila to Seek Recovery of Bank Heist Money
• Hackers Take Over Pok?mon Go Creator's Twitter Account
• Kingpin Behind Suspected $60 Million Online Scams Nabbed
|
1,470,208,100 |
2016-08-03 07:08:20+00:00
|
{"Bitcoin": [1170]}
|
{}
|
Exclusive: LexisNexis Risk Solutions and start-up join to curb bitcoin money-laundering
|
https://finance.yahoo.com/news/exclusive-lexisnexis-risk-solutions-start-070820667.html
|
Reuters
|
https://www.reuters.com/
|
By Jemima Kelly LONDON (Reuters) - A company that provides banks with anti-money-laundering controls has teamed up with a bitcoin security firm to try to curb nefarious uses of the digital currency, such as drug trafficking and terrorism financing. LexisNexis Risk Solutions said the new service it has created with London-based startup Elliptic would bring bank-grade AML controls to bitcoin transactions, making the virtual currency more attractive to those who might want to use it for legitimate transactions LexisNexis Risk Solutions, part of multinational analytics firm RELX Group, helps banks comply with AML regulation, using a database of 2.7 million global entities that could be involved in illicit transactions, such as those on sanctions and other watch-lists. It has shared that database with Elliptic, which monitors bitcoin transactions and can alert its clients - ranging from bitcoin exchanges to U.S. and European intelligence agencies - when money moves from bitcoin addresses that have been identified as bad actors. "This is a step towards making it (bitcoin) more mainstream and more acceptable," said Thomas Brown, of LexisNexis Risk Solutions. Bitcoin is a web-based digital currency that relies on complex algorithms to move money around quickly and anonymously with no need for a central authority to process transactions. That has made it attractive to a variety of users, including those who want to get around capital controls and those who support a currency that is free from government control for ideological reasons. But it has also attracted criminals, such as drug dealers and arms traffickers. "Today, if you see bitcoins transacting, you almost assume they're from someone who wants to be off the grid, or they're proceeds from illicit transactions," said Brown. Last month Elliptic said it was working with the Internet Watch Foundation to clamp down on the use of bitcoin for online child pornography. "The single biggest thing keeping mainstream financial services out of the (bitcoin) ecosystem is the inability to do bank-grade anti-money laundering controls," said Elliptic's head of business development, Kevin Beardsley. Story continues "The hope is that this will unlock a whole wave of companies being able to enter financial services with bitcoin." (This August 2 story has been corrected to amend company name to LexisNexis Risk Solutions from LexisNexis) (Editing by Robin Pomeroy)
|
1,470,208,122 |
2016-08-03 07:08:42+00:00
|
{"Bitcoin": [1285]}
|
{}
|
LexisNexis Risk Solutions and start-up join to curb bitcoin money-laundering
|
https://finance.yahoo.com/news/lexisnexis-risk-solutions-start-join-070842831.html
|
Reuters
|
http://www.reuters.com/
|
(This August 2 story has been corrected to amend company name to LexisNexis Risk Solutions from LexisNexis)
By Jemima Kelly
LONDON (Reuters) - A company that provides banks with anti-money-laundering controls has teamed up with a bitcoin security firm to try to curb nefarious uses of the digital currency, such as drug trafficking and terrorism financing.
LexisNexis Risk Solutions said the new service it has created with London-based startup Elliptic would bring bank-grade AML controls to bitcoin transactions, making the virtual currency more attractive to those who might want to use it for legitimate transactions
LexisNexis Risk Solutions, part of multinational analytics firm RELX Group (REL.L), helps banks comply with AML regulation, using a database of 2.7 million global entities that could be involved in illicit transactions, such as those on sanctions and other watch-lists.
It has shared that database with Elliptic, which monitors bitcoin transactions and can alert its clients - ranging from bitcoin exchanges to U.S. and European intelligence agencies - when money moves from bitcoin addresses that have been identified as bad actors.
"This is a step toward making it (bitcoin) more mainstream and more acceptable," said Thomas Brown, of LexisNexis Risk Solutions.
Bitcoin is a web-based digital currency that relies on complex algorithms to move money around quickly and anonymously with no need for a central authority to process transactions.
That has made it attractive to a variety of users, including those who want to get around capital controls and those who support a currency that is free from government control for ideological reasons. But it has also attracted criminals, such as drug dealers and arms traffickers.
"Today, if you see bitcoins transacting, you almost assume they're from someone who wants to be off the grid, or they're proceeds from illicit transactions," said Brown.
Last month Elliptic said it was working with the Internet Watch Foundation to clamp down on the use of bitcoin for online child pornography.
"The single biggest thing keeping mainstream financial services out of the (bitcoin) ecosystem is the inability to do bank-grade anti-money laundering controls," said Elliptic's head of business development, Kevin Beardsley.
"The hope is that this will unlock a whole wave of companies being able to enter financial services with bitcoin."
(Editing by Robin Pomeroy)
|
1,470,208,122 |
2016-08-03 07:08:42+00:00
|
{"Bitcoin": [1285]}
|
{}
|
LexisNexis Risk Solutions and start-up join to curb bitcoin money-laundering
|
https://finance.yahoo.com/news/lexisnexis-risk-solutions-start-join-070842848.html
|
Reuters
|
https://www.reuters.com/
|
(This August 2 story has been corrected to amend company name to LexisNexis Risk Solutions from LexisNexis) By Jemima Kelly LONDON (Reuters) - A company that provides banks with anti-money-laundering controls has teamed up with a bitcoin security firm to try to curb nefarious uses of the digital currency, such as drug trafficking and terrorism financing. LexisNexis Risk Solutions said the new service it has created with London-based startup Elliptic would bring bank-grade AML controls to bitcoin transactions, making the virtual currency more attractive to those who might want to use it for legitimate transactions LexisNexis Risk Solutions, part of multinational analytics firm RELX Group (REL.L), helps banks comply with AML regulation, using a database of 2.7 million global entities that could be involved in illicit transactions, such as those on sanctions and other watch-lists. It has shared that database with Elliptic, which monitors bitcoin transactions and can alert its clients - ranging from bitcoin exchanges to U.S. and European intelligence agencies - when money moves from bitcoin addresses that have been identified as bad actors. "This is a step toward making it (bitcoin) more mainstream and more acceptable," said Thomas Brown, of LexisNexis Risk Solutions. Bitcoin is a web-based digital currency that relies on complex algorithms to move money around quickly and anonymously with no need for a central authority to process transactions. That has made it attractive to a variety of users, including those who want to get around capital controls and those who support a currency that is free from government control for ideological reasons. But it has also attracted criminals, such as drug dealers and arms traffickers. "Today, if you see bitcoins transacting, you almost assume they're from someone who wants to be off the grid, or they're proceeds from illicit transactions," said Brown. Last month Elliptic said it was working with the Internet Watch Foundation to clamp down on the use of bitcoin for online child pornography. Story continues "The single biggest thing keeping mainstream financial services out of the (bitcoin) ecosystem is the inability to do bank-grade anti-money laundering controls," said Elliptic's head of business development, Kevin Beardsley. "The hope is that this will unlock a whole wave of companies being able to enter financial services with bitcoin." (Editing by Robin Pomeroy)
|
1,470,211,338 |
2016-08-03 08:02:18+00:00
|
{"Bitcoin": [125, 2598]}
|
{}
|
FOREX-Dollar struggles near 6-week lows, no Fed hike seen soon
|
https://finance.yahoo.com/news/forex-dollar-struggles-near-6-080218997.html
|
Reuters
|
http://www.reuters.com/
|
* Unconvincing data dims US rate hike prospects, hurts dollar
* Dollar/yen seen heading towards break of 100 yen threshold
* Bitcoin slides after Hong Kong exchange hack
By Jemima Kelly
LONDON, Aug 3 (Reuters) - The dollar inched up but stayed close to six-week lows against a basket of currencies on Wednesday, kept under pressure by the view that the U.S. Federal Reserve will raise interest rates later rather than sooner.
The greenback had been on its best run of weekly gains in 1-1/2 years until last week, when expectations that the Fed would clearly signal a near-term rate hike were disappointed, and U.S. growth data came in much weaker than expected.
The dollar index inched up 0.2 percent on Wednesday but at 95.284 remained close to Tuesday's low of 95.003 and was down 2 percent compared with a week ago, before the Fed's policy statement.
In London, UBS Wealth Management currency strategist Geoffrey Yu said the dollar had been boosted by a risk-off mood in U.S. trading on Tuesday, when indexes suffered their worst day in a month on lower oil prices and lacklustre inflation data. But he said any gains on risk-aversion would be capped.
"We're caught in this kind of trap where every time we get nervous about something, the dollar rallies, but then the next thing to think about is: is the Fed going to react to that by pushing out their rate views?" Yu said. "And then you can't afford to be long dollars that aggressively any more. So that's why we have these turns, quite rapidly."
The dollar was up 0.2 percent at 101.08 yen. It slid 1.5 percent the previous day when it fell to a three-week trough of 100.680, amid some disappointment that a meeting between Japanese Finance Minister Taro Aso and Bank of Japan Governor Haruhiko Kuroda did not result in steps to weaken the yen.
Junichi Ishikawa, currency analyst at IG Securities in Tokyo, said it was a matter of time before the dollar breaks below 100 yen. The dollar briefly slipped below the watershed level in the stormy markets that followed Britain's vote to leave the European Union in June, but it has managed to stay above ever since.
"The break below 100 yen after Brexit was an irregular move. But this time, the yen is gaining steadily on fundamental factors like Japan's improving current account balance and the fading impact of BOJ's multi-dimensional easing," Ishikawa said.
The Japanese central bank eased monetary policy on Friday by upping the amount of its exchange-traded fund purchases, but underwhelmed the markets by holding off from increasing the amount of government bonds its buys every month.
Bitcoin was down around 10 percent compared with 12 hours previously at $543 by 0735 GMT, after a Hong Kong digital currency exchange said it had suspended trading on its exchange after almost 120,000 bitcoin - worth almost $65 million at the current rate - was stolen.
For Reuters new Live Markets blog on European and UK stock markets see reuters://realtime/verb=Open/url=http://emea1.apps.cp.extranet.thomsonreuters.biz/cms/?pageId=livemarkets(Additional reporting by Shinichi Saoshiro in Tokyo)
|
1,470,212,759 |
2016-08-03 08:25:59+00:00
|
{"Bitcoin": [1679]}
|
{}
|
Hong Kong bitcoin exchange says it was hacked, trading suspended
|
https://finance.yahoo.com/news/hong-kong-bitcoin-exchange-says-082559484.html
|
Reuters
|
https://www.reuters.com/
|
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - Hong Kong-based digital currency exchange Bitfinex said late on Tuesday it has suspended trading on its exchange after it discovered a security breach, according to a company statement on its website. Bitfinex is one of the largest exchanges for trading digital currencies bitcoin, ether, and litecoin. It has offices in Europe and the United States and is known in the digital currency community for having a platform that has deep liquidity in the U.S. dollar/bitcoin currency pair. The company said it has also suspended deposits and withdrawals of digital currencies from the exchange. "We are investigating the breach to determine what happened, but we know that some of our users have had their bitcoins stolen," the company said. "We are undertaking a review to determine which users have been affected by the breach. While we conduct this initial investigation and secure our environment, bitfinex.com will be taken down and the maintenance page will be left up." The company said it has reported the theft to law enforcement. It said it has not yet determined the value of digital currencies stolen from customer accounts. Bitfinex also said as it goes through individual customer losses, it may need to settle open margin positions, associated financing, or collateral affected by the security breach. Any settlements will be at the current market price as of 18:00 UTC (1800 GMT), the company said. The attack on Bitfinex was reminiscent of a similar breach at Mt. Gox, a Tokyo-based bitcoin exchange forced to file for bankruptcy in early 2014 after hackers stole an estimated $650 million worth of customer bitcoins. Bitcoin late on Tuesday was down 6.35 percent at $567.83 on the BitStamp platform.
|
1,390,328,007 |
2014-01-21 18:13:27+00:00
|
{"Bitcoin": [125, 548, 724, 1276, 1629, 1704, 1797]}
|
{"Bitcoin": [42]}
|
Vegas casinos now accepting cybercurrency Bitcoin
|
https://finance.yahoo.com/news/vegas-casinos-now-accepting-cybercurrency-181300248.html
|
Associated Press
|
https://apnews.com/
|
LAS VEGAS (AP) -- Las Vegas is getting one more novelty. Starting this week, patrons will be able to use the online currency Bitcoin to pay for rooms, food and drinks at two downtown casinos. The D casino and the city's oldest casino, the Golden Gate, will accept bitcoins at hotel front desks beginning Wednesday. The cybercurrency will also be accepted at the D's gift shop and two restaurants. U.S. dollars will remain the only currency accepted on the gambling floor. Derek Stevens, the co-owner of the two casinos, said he's been intrigued by Bitcoin for years and had talked with patrons who wondered if the casinos would use it. He said it's tough to forecast how many patrons will pay for dinners and souvenirs with Bitcoin, but predicted other casinos will soon adopt the currency. "For us, it's going to be somewhat exciting to see what kind of impact it'll have," he said. State regulators are unlikely to allow casinos to exchange chips for bitcoins any time soon, according to A.G. Burnett, chairman of the Nevada Gaming Control Board. The industry has not approached regulators about approving the currency for gambling. "We would have to have an extremely high level of comfort with virtual currency of this kind in order for that to ever occur," Burnett said. Bitcoin made its debut four years ago, and has been gaining momentum ever since, shedding its status as an internet oddity and approaching the mainstream. Earlier this month, the Salt Lake City-based retailer Overstock.com became the first major retailer to accept the digital currency as payment for goods. Unlike government-issued money, the value of Bitcoin fluctuates rapidly. Like Overstock.com, the two casinos will use a Bitcoin broker that immediately exchanges the digital coins into dollars. Advocates describe Bitcoin as the foundation of a Utopian economy: no borders, no change fees, no closing hours, and no one to tell you what you can and can't do with your money. ___ Hannah Dreier can be reached at http://twitter.com/hannahdreier
|
1,421,060,820 |
2015-01-12 11:07:00+00:00
|
{"Bitcoin": [150, 321, 864], "BTC": [2021]}
|
{}
|
NXT Monetary System Infrastructure Allows Creation of New Cryptocurrencies On NXT Blockchain
|
https://finance.yahoo.com/news/nxt-monetary-system-infrastructure-allows-110700344.html
|
ACCESSWIRE
|
https://www.accesswire.com/
|
NXT's long-awaited Monetary System - an innovative platform that allows the fast and straightforward creation of completely new cryptocurrencies like Bitcoin on top of NXT – will go live on 10 January 2015
LONDON, UK / ACCESSWIRE / January 12, 2015 /TheNXT Monetary System (MS) allows users to launch new currencies like Bitcoin, securing them with the NXT blockchainusing the second-generation cryptocurrency's established network, rather than requiring that developers create a coin from scratch and bootstrap it with its own network. The ultimate value of the coin is determined by the market, depending on adoption and demand, and by the parameters set by the issuer. However, coins may also be created by 'locking' a certain amount of NXT, thereby giving a floor value to the issued currency. The idea is similar to the sidechains development taking place in Bitcoin – with the difference that the additional functionality is all contained within the NXT platform, without the need for an external two-way peg.
Real-world application
The NXT Monetary System brings a high degree of speed and convenience to a process that can otherwise be lengthy and complex– and inaccessible to most users. MS is tailored to real-world applications as well as the cryptocurrency community, and aims to make it as simple as possible for individuals and businesses to launch a new cryptocurrency. The range of potential use cases includes loyalty points, crowdfunding efforts and fiat- or commodity-backed tokens, as well as new altcoins.
Highly customizableThe Monetary System allows the creation and launch of coins and tokens in as little as two minutes. Coin features are selected from a list to give the currency the required properties, making the process not only extremely fast but remarkably flexible.
The full list of parameters (with potential use cases) includes:
- Exchangeable: Currencies can be exchanged all within the NXT platform or on traditional exchanges, each identified by unique name and ticker symbols (e.g. BTC, USD).- Controllable: Currencies may optionally only be traded with the issuing account (e.g. backed tokens such as gift vouchers).- Reserveable: Currency units are released and distributed if funding requirements are met within the given timescale, if not funds are automatically returned (e.g. crowdfunding).- Claimable: Reserveable units can later be exchanged at an agreed rate.- Mintable: Currencies can be mined by proof-of-work algorithms (SHA-256, SHA-3, Scrypt and keccak), whilst still being secured by NXT's proof-of-stake algorithm.- Shuffleable: Coins can be shuffled when this feature is implemented (anonymity).Macro implications
The Monetary System improves the distribution of wealth across the NXT ecosystem, each currency unit possessing its own financial value.
MS also allows for the further decentralization of cyptocurrency and the wider economic landscape, achieved by:- Importing: First generation cryptocurrencies can transition into an MS currency, allowing them to take advantage of the many powerful features of the NXT platform and ecosystem – including the Asset Exchange, Marketplace, encrypted messaging and Alias registration, as well as a fast-growing list of third-party applications and services.- Exporting: In the future a whole economy based on a MS currency could be transferred out of the NXT system to another platform should the necessity arise.For more information about us, please visithttp://nxt.org/.
Contact Info:Name: Ben Catlin, Head of Marketing at the NXT OrganizationEmail:marketing@nxt.orgOrganization: NXT
SOURCE:NXT
|
1,470,218,828 |
2016-08-03 10:07:08+00:00
|
{"Bitcoin": [2178, 2208, 3690]}
|
{"Bitcoin": [0]}
|
Bitcoin worth $72 mln stolen from Bitfinex exchange in Hong Kong
|
https://finance.yahoo.com/news/bitcoin-worth-72-mln-stolen-082135299.html
|
Reuters
|
http://www.reuters.com/
|
* Breach is second-largest ever after Tokyo’s Mt Gox
* Bitfinex is world’s No. 1 US-dollar exchange for bitcoin
* 119,756 bitcoin stolen from users’ accounts
* Stolen bitcoin worth $72 mln at time of theft (Adds details throughout)
By Clare Baldwin
HONG KONG, Aug 3 (Reuters) - Nearly 120,000 units of digital currency bitcoin worth about US$72 million was stolen from the exchange platform Bitfinex in Hong Kong, rattling the global bitcoin community in the second-biggest security breach ever of such an exchange.
Bitfinex is the world’s largest dollar-based exchange for bitcoin, and is known in the digital currency community for having deep liquidity in the U.S. dollar/bitcoin currency pair.
Zane Tackett, Director of Community & Product Development for Bitfinex, told Reuters on Wednesday that 119,756 bitcoin had been stolen from users’ accounts and that the exchange had not yet decided how to address customer losses.
“The bitcoin was stolen from users’ segregated wallets,” he said.
The company said it had reported the theft to law enforcement and was cooperating with top blockchain analytic companies to track the stolen coins.
Last year, Bitfinex announced a tie-up with Palo Alto-based BitGo, which uses multiple-signature security to store user deposits online, allowing for faster withdrawals.
“Our investigation has found no evidence of a breach to any BitGo servers,” BitGo said in a Tweet.
“With users’ funds secured using multi-signature technology in partnership with BitGo, a lot more is at stake for the backbone of the bitcoin industry, with its stalwarts and prided tech under fire,” said Charles Hayter, chief executive and founder of digital currency website CryptoCompare.
The security breach comes two months after Bitfinex was ordered to pay a $75,000 fine by the U.S. Commodity and Futures Trading Commission in part for offering illegal off-exchange financed commodity transactions in bitcoin and other digital currencies.
BITCOIN SLUMP
Tuesday’s breach triggered a slump in bitcoin prices and was reminiscent of events that led to the 2014 collapse of Tokyo-based exchange Mt Gox, which said it had lost about $500 million worth of customers’ Bitcoins in a hacking attack.
Bitcoin plunged just over 23 percent on Tuesday after the news broke. On Wednesday it was up 1 percent at $545.20 on the BitStamp platform.
Tackett added that the breach did not “expose any weaknesses in the security of a blockchain”, the technology that generates and processes bitcoin, a web-based “cryptocurrency” that can move across the globe anonymously without the need for a central authority.
A bitcoin expert said the scandal highlighted the risks of companies using cryptography for their ledgers.
“The more you rely on its benefits, the greater the potential for damage when keys are stolen. We still have some way to go to create highly secure but convenient systems,” said Singapore-based Antony Lewis.
The volume of bitcoin stolen amounts to about 0.75 percent of all bitcoin in circulation.
It is not yet clear whether the theft was an inside job or whether hackers were able to gain access to the system externally. On an online forum, Bitfinex’s Tackett said he was “nearly 100 percent certain” it was no one in the company.
Bitfinex suspended trading on Tuesday after it discovered the breach. It said on its website that it was investigating and cooperating with the authorities.
The security breach is the latest scandal to hit Hong Kong’s bitcoin market after MyCoin became embroiled in a scam last year that media estimated could have duped investors of up to $387 million. The bitcoin trading company closed after the scandal.
The president of the Hong Kong Bitcoin Association said the only way to protect information is to disperse it in so many small pieces that the reward for hacking is too small.
“For an attacker, the cost-benefit strategy is quite easy: How much is in the pot and how likely is it that I’m getting the pot?” said Leonhard Weese.
(Additional reporting by Hera Poon in HONG KONG, Jeremy Wagstaff in SINGAPORE and Jemima Kelly in LONDON; Editing by Will Waterman)
|
1,470,218,877 |
2016-08-03 10:07:57+00:00
|
{"Bitcoin": [1939, 1969, 3451]}
|
{"Bitcoin": [0]}
|
Bitcoin worth $72 million stolen from Bitfinex exchange in Hong Kong
|
https://finance.yahoo.com/news/bitfinex-executive-says-119-756-062906640.html
|
Reuters
|
http://www.reuters.com/
|
By Clare Baldwin
HONG KONG (Reuters) - Nearly 120,000 units of digital currency bitcoin worth about US$72 million was stolen from the exchange platform Bitfinex in Hong Kong, rattling the global bitcoin community in the second-biggest security breach ever of such an exchange.
Bitfinex is the world's largest dollar-based exchange for bitcoin, and is known in the digital currency community for having deep liquidity in the U.S. dollar/bitcoin currency pair.
Zane Tackett, Director of Community & Product Development for Bitfinex, told Reuters on Wednesday that 119,756 bitcoin had been stolen from users' accounts and that the exchange had not yet decided how to address customer losses.
"The bitcoin was stolen from users' segregated wallets," he said.
The company said it had reported the theft to law enforcement and was cooperating with top blockchain analytic companies to track the stolen coins.
Last year, Bitfinex announced a tie-up with Palo Alto-based BitGo, which uses multiple-signature security to store user deposits online, allowing for faster withdrawals.
"Our investigation has found no evidence of a breach to any BitGo servers," BitGo said in a Tweet.
"With users' funds secured using multi-signature technology in partnership with BitGo, a lot more is at stake for the backbone of the bitcoin industry, with its stalwarts and prided tech under fire," said Charles Hayter, chief executive and founder of digital currency website CryptoCompare.
The security breach comes two months after Bitfinex was ordered to pay a $75,000 fine by the U.S. Commodity and Futures Trading Commission in part for offering illegal off-exchange financed commodity transactions in bitcoin and other digital currencies.
BITCOIN SLUMP
Tuesday's breach triggered a slump in bitcoin prices and was reminiscent of events that led to the 2014 collapse of Tokyo-based exchange Mt Gox, which said it had lost about $500 million worth of customers' Bitcoins in a hacking attack.
Bitcoin plunged just over 23 percent on Tuesday after the news broke. On Wednesday it was up 1 percent at $545.20 on the BitStamp platform.
Tackett added that the breach did not "expose any weaknesses in the security of a blockchain", the technology that generates and processes bitcoin, a web-based "cryptocurrency" that can move across the globe anonymously without the need for a central authority.
A bitcoin expert said the scandal highlighted the risks of companies using cryptography for their ledgers.
"The more you rely on its benefits, the greater the potential for damage when keys are stolen. We still have some way to go to create highly secure but convenient systems," said Singapore-based Antony Lewis.
The volume of bitcoin stolen amounts to about 0.75 percent of all bitcoin in circulation.
It is not yet clear whether the theft was an inside job or whether hackers were able to gain access to the system externally. On an online forum, Bitfinex's Tackett said he was "nearly 100 percent certain" it was no one in the company.
Bitfinex suspended trading on Tuesday after it discovered the breach. It said on its website that it was investigating and cooperating with the authorities.
The security breach is the latest scandal to hit Hong Kong's bitcoin market after MyCoin became embroiled in a scam last year that media estimated could have duped investors of up to $387 million. The bitcoin trading company closed after the scandal.
The president of the Hong Kong Bitcoin Association said the only way to protect information is to disperse it in so many small pieces that the reward for hacking is too small.
"For an attacker, the cost-benefit strategy is quite easy: How much is in the pot and how likely is it that I'm getting the pot?" said Leonhard Weese.
(Additional reporting by Hera Poon in HONG KONG, Jeremy Wagstaff in SINGAPORE and Jemima Kelly in LONDON; Editing by Will Waterman)
|
1,470,218,877 |
2016-08-03 10:07:57+00:00
|
{"Bitcoin": [1939, 1985, 3467]}
|
{"Bitcoin": [0]}
|
Bitcoin worth $72 million stolen from Bitfinex exchange in Hong Kong
|
https://finance.yahoo.com/news/bitfinex-executive-says-119-756-062906892.html
|
Reuters
|
https://www.reuters.com/
|
By Clare Baldwin HONG KONG (Reuters) - Nearly 120,000 units of digital currency bitcoin worth about US$72 million was stolen from the exchange platform Bitfinex in Hong Kong, rattling the global bitcoin community in the second-biggest security breach ever of such an exchange. Bitfinex is the world's largest dollar-based exchange for bitcoin, and is known in the digital currency community for having deep liquidity in the U.S. dollar/bitcoin currency pair. Zane Tackett, Director of Community & Product Development for Bitfinex, told Reuters on Wednesday that 119,756 bitcoin had been stolen from users' accounts and that the exchange had not yet decided how to address customer losses. "The bitcoin was stolen from users' segregated wallets," he said. The company said it had reported the theft to law enforcement and was cooperating with top blockchain analytic companies to track the stolen coins. Last year, Bitfinex announced a tie-up with Palo Alto-based BitGo, which uses multiple-signature security to store user deposits online, allowing for faster withdrawals. "Our investigation has found no evidence of a breach to any BitGo servers," BitGo said in a Tweet. "With users' funds secured using multi-signature technology in partnership with BitGo, a lot more is at stake for the backbone of the bitcoin industry, with its stalwarts and prided tech under fire," said Charles Hayter, chief executive and founder of digital currency website CryptoCompare. The security breach comes two months after Bitfinex was ordered to pay a $75,000 fine by the U.S. Commodity and Futures Trading Commission in part for offering illegal off-exchange financed commodity transactions in bitcoin and other digital currencies. BITCOIN SLUMP Tuesday's breach triggered a slump in bitcoin prices and was reminiscent of events that led to the 2014 collapse of Tokyo-based exchange Mt Gox, which said it had lost about $500 million worth of customers' Bitcoins in a hacking attack. Story continues Bitcoin plunged just over 23 percent on Tuesday after the news broke. On Wednesday it was up 1 percent at $545.20 on the BitStamp platform. Tackett added that the breach did not "expose any weaknesses in the security of a blockchain", the technology that generates and processes bitcoin, a web-based "cryptocurrency" that can move across the globe anonymously without the need for a central authority. A bitcoin expert said the scandal highlighted the risks of companies using cryptography for their ledgers. "The more you rely on its benefits, the greater the potential for damage when keys are stolen. We still have some way to go to create highly secure but convenient systems," said Singapore-based Antony Lewis. The volume of bitcoin stolen amounts to about 0.75 percent of all bitcoin in circulation. It is not yet clear whether the theft was an inside job or whether hackers were able to gain access to the system externally. On an online forum, Bitfinex's Tackett said he was "nearly 100 percent certain" it was no one in the company. Bitfinex suspended trading on Tuesday after it discovered the breach. It said on its website that it was investigating and cooperating with the authorities. The security breach is the latest scandal to hit Hong Kong's bitcoin market after MyCoin became embroiled in a scam last year that media estimated could have duped investors of up to $387 million. The bitcoin trading company closed after the scandal. The president of the Hong Kong Bitcoin Association said the only way to protect information is to disperse it in so many small pieces that the reward for hacking is too small. "For an attacker, the cost-benefit strategy is quite easy: How much is in the pot and how likely is it that I'm getting the pot?" said Leonhard Weese. (Additional reporting by Hera Poon in HONG KONG, Jeremy Wagstaff in SINGAPORE and Jemima Kelly in LONDON; Editing by Will Waterman)
|
1,390,330,723 |
2014-01-21 18:58:43+00:00
|
{"Bitcoin": [139, 316, 506, 522, 795, 1183, 1283, 1686, 1789, 1876, 2080, 2306, 2561, 2729, 2875, 3071], "BTC": [2626]}
|
{"Bitcoin": [40]}
|
Nordic investor creates world's biggest Bitcoin database
|
https://finance.yahoo.com/news/nordic-investor-creates-worlds-biggest-163544683.html
|
Reuters
|
https://www.reuters.com/
|
By Mia Shanley STOCKHOLM (Reuters) - A Nordic venture capital firm says it has built the world's largest database of businesses dealing in Bitcoins in an effort to shed light on a virtual currency which has seen its value rocket in the past year. Creandum said the database contained more than 300 companies trading Bitcoins - ranging from exchanges to payment processors and gambling companies - and was intended to give entrepreneurs and investors an overview of companies with a significant role in the Bitcoin system. Bitcoin is essentially software code that defines units of value, which users can move back and forth among themselves. Unlike other virtual money transmitters, its value isn't pegged to a hard currency like the U.S. dollar or the euro - it is determined by the demand for Bitcoins. Since its launch in January 2009, the system has grown popular with people who lack confidence in the traditional banking system, though it has also aroused concerns it could be used for money laundering. Creandum, which has invested in fast-growing Nordic tech firms such as online music streaming service Spotify and payment solutions firm iZettle, said it hoped to encourage Bitcoin enthusiasts to participate in the development of the currency. "This year and next year the Bitcoin needs to prove itself as a payment mechanism, and it could go either way," Creandum associate Joel Eriksson Enquist told Reuters. "Our hope is that the database will work like Wikipedia, with more and more contributors and more comprehensive data," he said of the open-source site which can be found at http://bitcoin.knackhq.com/btcdb . BUBBLE, OR A NEW WORLD? Creandum has not invested in any Bitcoin-related companies but is looking at a couple of players and Enquist himself is holding onto 10 Bitcoins he bought last year for a little over $100 each - just for the fun of it. The Bitcoin has recently traded above $1,000, up from $10 at the start of last year and fuelling concerns of a bubble. Story continues Creandum said it may take another three years before it is clear whether Bitcoin is a bubble, or whether this is "the beginning of a new world". In December, the digital currency was dealt a blow when the People's Bank of China banned financial institutions, though not individuals, from trading in Bitcoins. U.S. prosecutors are also sitting on millions of dollars worth of the currency which had belonged to Silk Road, an online market that authorities say was a conduit for purchasing drugs and computer hacking services. Creandum's database lists 46 Bitcoin exchanges in North America, 24 in Europe and 21 in Asia. BTC China and Europe's btc-e and Bitstamp are the biggest exchanges, with the three seeing 2.5 million Bitcoins traded on their platforms in the 30 days to January 9. While there are about 100 virtual currencies, with new ones appearing every week, Bitcoin is by far the best known. E-commerce site Overstock.com recently announced its plan to become the first major U.S. retailer to accept the digital currency. Dating site OKCupid also allows Bitcoins as a form of payment. (Editing by Mark Potter)
|
1,470,219,182 |
2016-08-03 10:13:02+00:00
|
{"Bitcoin": [1951, 1997, 3490], "BTC": [2112]}
|
{"Bitcoin": [0]}
|
Bitcoin worth $72 million stolen from Bitfinex exchange in Hong Kong
|
https://finance.yahoo.com/news/bitfinex-executive-says-119-756-062817044.html
|
Reuters
|
https://www.reuters.com/
|
By Clare Baldwin HONG KONG (Reuters) - Nearly 120,000 units of digital currency bitcoin worth about $72 million (£54 million) was stolen from the exchange platform Bitfinex in Hong Kong, rattling the global bitcoin community in the second-biggest security breach ever of such an exchange. Bitfinex is the world's largest dollar-based exchange for bitcoin, and is known in the digital currency community for having deep liquidity in the U.S. dollar/bitcoin currency pair. Zane Tackett, Director of Community & Product Development for Bitfinex, told Reuters on Wednesday that 119,756 bitcoin had been stolen from users' accounts and that the exchange had not yet decided how to address customer losses. "The bitcoin was stolen from users' segregated wallets," he said. The company said it had reported the theft to law enforcement and was cooperating with top blockchain analytic companies to track the stolen coins. Last year, Bitfinex announced a tie-up with Palo Alto-based BitGo, which uses multiple-signature security to store user deposits online, allowing for faster withdrawals. "Our investigation has found no evidence of a breach to any BitGo servers," BitGo said in a Tweet. "With users' funds secured using multi-signature technology in partnership with BitGo, a lot more is at stake for the backbone of the bitcoin industry, with its stalwarts and prided tech under fire," said Charles Hayter, chief executive and founder of digital currency website CryptoCompare. The security breach comes two months after Bitfinex was ordered to pay a $75,000 fine by the U.S. Commodity and Futures Trading Commission in part for offering illegal off-exchange financed commodity transactions in bitcoin and other digital currencies. BITCOIN SLUMP Tuesday's breach triggered a slump in bitcoin prices and was reminiscent of events that led to the 2014 collapse of Tokyo-based exchange Mt Gox, which said it had lost about $500 million worth of customers' Bitcoins in a hacking attack. Story continues Bitcoin plunged just over 23 percent on Tuesday after the news broke. On Wednesday it was up 1 percent at $545.20 (BTC=BTSP) on the BitStamp platform. Tackett added that the breach did not "expose any weaknesses in the security of a blockchain", the technology that generates and processes bitcoin, a web-based "cryptocurrency" that can move across the globe anonymously without the need for a central authority. A bitcoin expert said the scandal highlighted the risks of companies using cryptography for their ledgers. "The more you rely on its benefits, the greater the potential for damage when keys are stolen. We still have some way to go to create highly secure but convenient systems," said Singapore-based Antony Lewis. The volume of bitcoin stolen amounts to about 0.75 percent of all bitcoin in circulation. It is not yet clear whether the theft was an inside job or whether hackers were able to gain access to the system externally. On an online forum, Bitfinex's Tackett said he was "nearly 100 percent certain" it was no one in the company. Bitfinex suspended trading on Tuesday after it discovered the breach. It said on its website that it was investigating and cooperating with the authorities. The security breach is the latest scandal to hit Hong Kong's bitcoin market after MyCoin became embroiled in a scam last year that media estimated could have duped investors of up to $387 million. The bitcoin trading company closed after the scandal. The president of the Hong Kong Bitcoin Association said the only way to protect information is to disperse it in so many small pieces that the reward for hacking is too small. "For an attacker, the cost-benefit strategy is quite easy: How much is in the pot and how likely is it that I'm getting the pot?" said Leonhard Weese. (Additional reporting by Hera Poon in HONG KONG, Jeremy Wagstaff in SINGAPORE and Jemima Kelly in LONDON; Editing by Will Waterman)
|
1,470,220,338 |
2016-08-03 10:32:18+00:00
|
{"Bitcoin": [1939, 1985, 3467]}
|
{"Bitcoin": [0]}
|
Bitcoin worth $72 million stolen from Bitfinex exchange in Hong Kong
|
https://finance.yahoo.com/news/bitcoin-worth-72-mln-stolen-090529618.html
|
Reuters
|
https://www.reuters.com/
|
By Clare Baldwin HONG KONG (Reuters) - Nearly 120,000 units of digital currency bitcoin worth about US$72 million was stolen from the exchange platform Bitfinex in Hong Kong, rattling the global bitcoin community in the second-biggest security breach ever of such an exchange. Bitfinex is the world's largest dollar-based exchange for bitcoin, and is known in the digital currency community for having deep liquidity in the U.S. dollar/bitcoin currency pair. Zane Tackett, Director of Community & Product Development for Bitfinex, told Reuters on Wednesday that 119,756 bitcoin had been stolen from users' accounts and that the exchange had not yet decided how to address customer losses. "The bitcoin was stolen from users' segregated wallets," he said. The company said it had reported the theft to law enforcement and was cooperating with top blockchain analytic companies to track the stolen coins. Last year, Bitfinex announced a tie-up with Palo Alto-based BitGo, which uses multiple-signature security to store user deposits online, allowing for faster withdrawals. "Our investigation has found no evidence of a breach to any BitGo servers," BitGo said in a Tweet. "With users' funds secured using multi-signature technology in partnership with BitGo, a lot more is at stake for the backbone of the bitcoin industry, with its stalwarts and prided tech under fire," said Charles Hayter, chief executive and founder of digital currency website CryptoCompare. The security breach comes two months after Bitfinex was ordered to pay a $75,000 fine by the U.S. Commodity and Futures Trading Commission in part for offering illegal off-exchange financed commodity transactions in bitcoin and other digital currencies. BITCOIN SLUMP Tuesday's breach triggered a slump in bitcoin prices and was reminiscent of events that led to the 2014 collapse of Tokyo-based exchange Mt Gox, which said it had lost about $500 million worth of customers' Bitcoins in a hacking attack. Story continues Bitcoin plunged just over 23 percent on Tuesday after the news broke. On Wednesday it was up 1 percent at $545.20 on the BitStamp platform. Tackett added that the breach did not "expose any weaknesses in the security of a blockchain", the technology that generates and processes bitcoin, a web-based "cryptocurrency" that can move across the globe anonymously without the need for a central authority. A bitcoin expert said the scandal highlighted the risks of companies using cryptography for their ledgers. "The more you rely on its benefits, the greater the potential for damage when keys are stolen. We still have some way to go to create highly secure but convenient systems," said Singapore-based Antony Lewis. The volume of bitcoin stolen amounts to about 0.75 percent of all bitcoin in circulation. It is not yet clear whether the theft was an inside job or whether hackers were able to gain access to the system externally. On an online forum, Bitfinex's Tackett said he was "nearly 100 percent certain" it was no one in the company. Bitfinex suspended trading on Tuesday after it discovered the breach. It said on its website that it was investigating and cooperating with the authorities. The security breach is the latest scandal to hit Hong Kong's bitcoin market after MyCoin became embroiled in a scam last year that media estimated could have duped investors of up to $387 million. The bitcoin trading company closed after the scandal. The president of the Hong Kong Bitcoin Association said the only way to protect information is to disperse it in so many small pieces that the reward for hacking is too small. "For an attacker, the cost-benefit strategy is quite easy: How much is in the pot and how likely is it that I'm getting the pot?" said Leonhard Weese. (Additional reporting by Hera Poon in HONG KONG, Jeremy Wagstaff in SINGAPORE and Jemima Kelly in LONDON; Editing by Will Waterman)
|
1,470,220,338 |
2016-08-03 10:32:18+00:00
|
{"Bitcoin": [1939, 1969, 3451]}
|
{"Bitcoin": [0]}
|
Bitcoin worth $72 million stolen from Bitfinex exchange in Hong Kong
|
https://finance.yahoo.com/news/bitcoin-worth-72-mln-stolen-bitfinex-exchange-hong-090529478--sector.html
|
Reuters
|
https://www.reuters.com/
|
By Clare Baldwin HONG KONG (Reuters) - Nearly 120,000 units of digital currency bitcoin worth about US$72 million was stolen from the exchange platform Bitfinex in Hong Kong, rattling the global bitcoin community in the second-biggest security breach ever of such an exchange. Bitfinex is the world's largest dollar-based exchange for bitcoin, and is known in the digital currency community for having deep liquidity in the U.S. dollar/bitcoin currency pair. Zane Tackett, Director of Community & Product Development for Bitfinex, told Reuters on Wednesday that 119,756 bitcoin had been stolen from users' accounts and that the exchange had not yet decided how to address customer losses. "The bitcoin was stolen from users' segregated wallets," he said. The company said it had reported the theft to law enforcement and was cooperating with top blockchain analytic companies to track the stolen coins. Last year, Bitfinex announced a tie-up with Palo Alto-based BitGo, which uses multiple-signature security to store user deposits online, allowing for faster withdrawals. "Our investigation has found no evidence of a breach to any BitGo servers," BitGo said in a Tweet. "With users' funds secured using multi-signature technology in partnership with BitGo, a lot more is at stake for the backbone of the bitcoin industry, with its stalwarts and prided tech under fire," said Charles Hayter, chief executive and founder of digital currency website CryptoCompare. The security breach comes two months after Bitfinex was ordered to pay a $75,000 fine by the U.S. Commodity and Futures Trading Commission in part for offering illegal off-exchange financed commodity transactions in bitcoin and other digital currencies. BITCOIN SLUMP Tuesday's breach triggered a slump in bitcoin prices and was reminiscent of events that led to the 2014 collapse of Tokyo-based exchange Mt Gox, which said it had lost about $500 million worth of customers' Bitcoins in a hacking attack. Bitcoin plunged just over 23 percent on Tuesday after the news broke. On Wednesday it was up 1 percent at $545.20 on the BitStamp platform. Tackett added that the breach did not "expose any weaknesses in the security of a blockchain", the technology that generates and processes bitcoin, a web-based "cryptocurrency" that can move across the globe anonymously without the need for a central authority. A bitcoin expert said the scandal highlighted the risks of companies using cryptography for their ledgers. "The more you rely on its benefits, the greater the potential for damage when keys are stolen. We still have some way to go to create highly secure but convenient systems," said Singapore-based Antony Lewis. The volume of bitcoin stolen amounts to about 0.75 percent of all bitcoin in circulation. It is not yet clear whether the theft was an inside job or whether hackers were able to gain access to the system externally. On an online forum, Bitfinex's Tackett said he was "nearly 100 percent certain" it was no one in the company. Bitfinex suspended trading on Tuesday after it discovered the breach. It said on its website that it was investigating and cooperating with the authorities. The security breach is the latest scandal to hit Hong Kong's bitcoin market after MyCoin became embroiled in a scam last year that media estimated could have duped investors of up to $387 million. The bitcoin trading company closed after the scandal. The president of the Hong Kong Bitcoin Association said the only way to protect information is to disperse it in so many small pieces that the reward for hacking is too small. "For an attacker, the cost-benefit strategy is quite easy: How much is in the pot and how likely is it that I'm getting the pot?" said Leonhard Weese. (Additional reporting by Hera Poon in HONG KONG, Jeremy Wagstaff in SINGAPORE and Jemima Kelly in LONDON; Editing by Will Waterman)
|
1,470,221,520 |
2016-08-03 10:52:00+00:00
|
{"Bitcoin": [1685]}
|
{}
|
10 things you need to know today
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https://finance.yahoo.com/news/10-things-know-opening-bell-105200034.html
|
Business Insider
|
http://www.businessinsider.com/
|
(Christ the Redeemer seen during sunrise in Rio de Janeiro.Reuters/Wolfgang Rattay)
Here is what you need to know.
China's services sector is slowing.The largest segment of China's economy is growing, albeit at a slower pace, according to the latest Caxin-Markit services purchasing managers' index. July's reading of 51.7 was down from June's 52.7 and was the weakest since July 2014.
China's state planner says the PBOC should ease at the "appropriate time."Rare comments from the National Development and Reform Commission suggested Beijing should cut interest rates and ease bank requirements at the "appropriate time" to kick-start the economy, Reuters reports. The People's Bank of China has not moved rates since October.
Britain's services sector got crushed by Brexit.PMI data released by Markit and the Chartered Institute of Procurement & Supply showed that Britain's services sector posted its sharpest drop on record after the UK's vote to leave the European Union. The July reading tumbled to 47.4 from June's 52.3. The British pound is unchanged at 1.3358.
But Europe is seeing little effect.The eurozone is seeing "little overall contagion" from the UK's decision to leave the European Union, according to Markit's final composite PMI figure for July. The reading came in at 52.9, which marked a minor improvement from June's 52.7. The euro is down 0.2% at 1.1199.
There was a massive bitcoin heist.More than $65 million worth of bitcoin was stolen from BitFinex, a digital currency exchange in Hong Kong. "We are investigating the breach to determine what happened, but we know that some of our users have had their bitcoins stolen," the exchange said in a blog post. Bitcoin has traded down by as much as 20% on the news to $480.
Sturm, Ruger & Co. says gun sales are surging.The gunmaker earned an adjusted $1.22 a share on revenue of $167.9 million. The company says sales surged 26% during the quarter, coinciding with a spike in background checks.
AIG is buying back more stock.The commercial insurer earned $0.98 a share on revenue of $14.7 billion. AIG's board of directors authorized the buyback of up to an additional $3 billion worth of stock.
Stock markets around the world are mostly lower.France's CAC (-0.3%) trails in Europe after Japan's Nikkei (-1.9%) lagged in Asia. S&P 500 futures are lower by 3.50 points at 2,149.25.
Earnings reporting remains heavy.Office Depot and Time Warner are among the names reporting ahead of the opening bell while Herbalife, MetLife, and Tesla Motors highlight the names releasing their quarterly results after markets close.
US economic data flows.ADP Employment Change will cross the wires at 8:15 a.m. ET before Markit US Services PMI and ISM nonmanufacturing are released at 9:45 a.m. and 10 a.m. ET. US crude-oil inventories are due out at 10:30 a.m. ET. The US 10-year yield is down 2 basis points at 1.54%.
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1,390,335,745 |
2014-01-21 20:22:25+00:00
|
{"Bitcoin": [108, 170, 276, 448, 715, 831, 989, 1219, 1469]}
|
{"Bitcoin": [43]}
|
Marc Andreessen Has A Great Answer For Why Bitcoin Matters
|
https://finance.yahoo.com/news/marc-andreessen-great-answer-why-202225963.html
|
Business Insider
|
http://www.businessinsider.com/
|
Flickr/Joi Ito
Marc Andreessen.
Marc Andreessen has a fabulous op-ed in The New York Times today called"Why Bitcoin Matters,"and it serves as a good primer on all things Bitcoin. Andreessen is a huge proponent of the anonymous digital currency, having invested in a number of Bitcoin-related companies lately.
Among the many things Andreessen tackles in his op-ed, he offers a salient take on the famous "Why is this stuff worth money?" question:
[Bitcoin's] value is based directly on two things: use of the payment system today – volume and velocity of payments running through the ledger – and speculation on future use of the payment system. This is one part that is confusing people. It’s not as much that the Bitcoin currency has some arbitrary value and then people are trading with it; it’s more that people can trade with Bitcoin (anywhere, everywhere, with no fraud and no or very low fees) and as a result it has value.
It is perhaps true right at this moment that the value of Bitcoin currency is based more on speculation than actual payment volume, but it is equally true that that speculation is establishing a sufficiently high price for the currency that payments have become practically possible. The Bitcoin currency had to be worth something before it could bear any amount of real-world payment volume. This is the classic “chicken and egg” problem with new technology: new technology is not worth much until it’s worth a lot. And so the fact that Bitcoin has risen in value in part because of speculation is making the reality of its usefulness arrive much faster than it would have otherwise.
You can read the entire column here >>
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• Finally! Someone In Silicon Valley Has The Guts To Defend The NSA
• How Marc Andreessen And Elon Musk Really Got Rich
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|
1,390,335,745 |
2014-01-21 20:22:25+00:00
|
{"Bitcoin": [108, 170, 276, 448, 715, 831, 989, 1219, 1469]}
|
{"Bitcoin": [43]}
|
Marc Andreessen Has A Great Answer For Why Bitcoin Matters
|
https://finance.yahoo.com/news/finance.yahoo.com/news/marc-andreessen-great-answer-why-202225963.html
|
Business Insider
|
http://www.businessinsider.com/
|
Flickr/Joi Ito
Marc Andreessen.
Marc Andreessen has a fabulous op-ed in The New York Times today called"Why Bitcoin Matters,"and it serves as a good primer on all things Bitcoin. Andreessen is a huge proponent of the anonymous digital currency, having invested in a number of Bitcoin-related companies lately.
Among the many things Andreessen tackles in his op-ed, he offers a salient take on the famous "Why is this stuff worth money?" question:
[Bitcoin's] value is based directly on two things: use of the payment system today – volume and velocity of payments running through the ledger – and speculation on future use of the payment system. This is one part that is confusing people. It’s not as much that the Bitcoin currency has some arbitrary value and then people are trading with it; it’s more that people can trade with Bitcoin (anywhere, everywhere, with no fraud and no or very low fees) and as a result it has value.
It is perhaps true right at this moment that the value of Bitcoin currency is based more on speculation than actual payment volume, but it is equally true that that speculation is establishing a sufficiently high price for the currency that payments have become practically possible. The Bitcoin currency had to be worth something before it could bear any amount of real-world payment volume. This is the classic “chicken and egg” problem with new technology: new technology is not worth much until it’s worth a lot. And so the fact that Bitcoin has risen in value in part because of speculation is making the reality of its usefulness arrive much faster than it would have otherwise.
You can read the entire column here >>
More From Business Insider
• Finally! Someone In Silicon Valley Has The Guts To Defend The NSA
• How Marc Andreessen And Elon Musk Really Got Rich
• Warren Buffett Will Give You $1 Billion If You Fill Out A Perfect 'March Madness' Bracket
|
1,470,225,410 |
2016-08-03 11:56:50+00:00
|
{"Bitcoin": [157, 2972]}
|
{}
|
FOREX-Dollar struggles near 6-week lows, labour market data eyed
|
https://finance.yahoo.com/news/forex-dollar-struggles-near-6-115650105.html
|
Reuters
|
http://www.reuters.com/
|
* Unconvincing data dims U.S. rate hike prospects, hurts dollar
* ADP labour market data eyed
* Dollar/yen seen heading towards break of 100 yen threshold
* Bitcoin slides after Hong Kong exchange hack
By Jemima Kelly
LONDON, Aug 3 (Reuters) - The dollar struggled to break away from six-week lows against a basket of currencies on Wednesday, kept under pressure by the view that the U.S. Federal Reserve will raise interest rates later rather than sooner.
The greenback had been on its best run of weekly gains in 1-1/2 years until last week, when expectations that the Fed would clearly signal a near-term rate hike were disappointed, and U.S. growth data came in much weaker than expected.
The dollar index inched up 0.2 percent on Wednesday but at 95.284 remained close to Tuesday's low of 95.003 and was down 2 percent compared with a week ago, before the Fed's policy statement.
U.S. labour market data from ADP due at 1215 GMT will be watched by currency traders ahead of the all-important non-farm payrolls report on Friday.
"The ADP report today should indicate continued labour market strength, and ease concerns over the health of the U.S. economy," said Bank of Tokyo-Mitsubishi UJF macro strategist Derek Halpenny, in London.
UBS Wealth Management currency strategist Geoffrey Yu said the dollar had been boosted by a risk-off mood in U.S. trading on Tuesday, when indexes suffered their worst day in a month on lower oil prices and lacklustre inflation data. But he said any gains on risk-aversion would be capped.
"We're caught in this kind of trap where every time we get nervous about something, the dollar rallies, but then the next thing to think about is: is the Fed going to react to that by pushing out their rate views?" Yu said. "And then you can't afford to be long dollars that aggressively any more. So that's why we have these turns, quite rapidly."
The dollar was up 0.2 percent at 101.08 yen. It slid 1.5 percent the previous day when it fell to a three-week trough of 100.680, amid some disappointment that a meeting between Japanese Finance Minister Taro Aso and Bank of Japan Governor Haruhiko Kuroda did not result in steps to weaken the yen.
Junichi Ishikawa, currency analyst at IG Securities in Tokyo, said it was a matter of time before the dollar breaks below 100 yen. The dollar briefly slipped below the watershed level in the stormy markets that followed Britain's vote to leave the European Union in June, but it has managed to stay above ever since.
"The break below 100 yen after Brexit was an irregular move. But this time, the yen is gaining steadily on fundamental factors like Japan's improving current account balance and the fading impact of BOJ's multi-dimensional easing," Ishikawa said.
The Japanese central bank eased monetary policy on Friday by upping the amount of its exchange-traded fund purchases, but underwhelmed the markets by holding off from increasing the amount of government bonds its buys every month.
Bitcoin steadied at around $545 after sliding by as much as 25 percent in early trading on Wednesday after a Hong Kong digital currency exchange said it had suspended trading on its exchange after almost 120,000 bitcoin - worth almost $65 million at the current rate - was stolen.
For Reuters new Live Markets blog on European and UK stock markets see reuters://realtime/verb=Open/url=http://emea1.apps.cp.extranet.thomsonreuters.biz/cms/?pageId=livemarkets(Additional reporting by Shinichi Saoshiro in Tokyo; Editing by Janet Lawrence)
|
1,470,226,456 |
2016-08-03 12:14:16+00:00
|
{"Bitcoin": [2401, 2597]}
|
{}
|
Does Tesla have enough juice?
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https://finance.yahoo.com/news/does-tesla-enough-juice-000000002.html
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Yahoo Finance
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http://yahoofinancestaff.tumblr.com/
|
Wall Street is in a bit of a funk. Stocks ( ^DJI , ^GSPC , ^IXIC ) started the day little changed as investors dissect the latest round of corporate results and keep close tabs on oil prices ( CL=F ). Meanwhile, private sector employment came in better than economists expected last month. Employers added 179,000 jobs in July. However, all the hiring was in the service sector, according to ADP and Moody’s Analytics. Time Warner invests in Hulu Time Warner ( TWX ) shares were sharply higher in early trading. The media giant is buying a 10% stake in Hulu and signed an agreement for all of its Turner networks to be carried on Hulu’s live-streaming services. The company also announced second-quarter earnings that beat expectations. However, revenue fell short of forecasts due to slow growth in its HBO and Warner Brothers businesses. Earnings watch list Tesla ( TSLA ) results are on tap after the market close. Analysts expect sales to be over $1.6 billion for the quarter. Tesla has dealt with a lot of bad news recently, including how the autopilot feature played a role in one fatal crash. Fitbit ( FIT ) shares soared in early trading. The maker of fitness-tracking wristbands delivered better than expected earnings and revenue for the second quarter. Sales soared nearly 47% from a year ago. Profit fell as operating expenses more than doubled with new investment on research and development of new products and marketing. Etsy ( ETSY ) got a nice pop this morning. The online crafts marketplace raised its outlook for the year after revenue topped estimates for the second quarter. Sales jumped 39% thanks to strong growth in seller services and users. Electronic Arts ( EA ), the video game publisher behind titles including “FIFA” and “Star Wars Battlefront,” swung to a profit last quarter. Revenue also beat estimates as players downloaded more digital versions of its games. However, the company’s revenue forecast for the current quarter was a tad less than what analysts were expecting. Story continues HP CEO backs Clinton Meg Whitman may be a Republican, but she’s backing Hillary Clinton. On LinkedIn, Whitman wrote, “Donald Trump’s demagoguery has undermined the fabric of our national character.” Meanwhile, the Hewlett Packard Enterprise ( HPE ) CEO praised Clinton for her temperament and global experience, which she says are major characteristics needed for a president. Bitcoin robbery Investigators are trying to find out who’s responsible for a major bitcoin heist. Almost 120,000 units of bitcoin were stolen from the Bitfinex exchange platform in Hong Kong. The Bitcoins are worth about $72 million.
|
1,390,349,495 |
2014-01-22 00:11:35+00:00
|
{"Bitcoin": [433, 1567, 2137]}
|
{}
|
Two Las Vegas casinos to accept virtual bitcoin currency
|
https://finance.yahoo.com/news/two-las-vegas-casinos-accept-001135190.html
|
Reuters
|
http://www.reuters.com/
|
By Laila Kearney
Jan 21 (Reuters) - Two Las Vegas casino hotels will become the first known U.S. commercial gambling houses to allow the use of the unregulated digital payment system, bitcoin, casino officials said on Tuesday.
The co-owned Golden Gate Hotel and Casino and The D Las Vegas Casino Hotel will begin accepting bitcoins on Wednesday as payment for hotel rooms and related purchases, casino officials said in a statement.
Bitcoin is an online currency bought and sold on a peer-to-peer network that is independent of central authority.
The D will also accept the virtual currency at its gift shop, the American Coney Island restaurant and Joe Vicari's Andiamo Italian Steakhouse.
"Downtown has really become a technology hub for all of Las Vegas," Derek Stevens, co-owner and chief operating officer for both casinos, told Reuters. "I think it is fitting that the Golden Gate and The D are the first hotels to offer (bitcoin)."
Stevens said patrons increasingly had requested to use bitcoins over the past year. By becoming the first known casino hotels to accept the virtual currency, he hoped to attract customers unable to spend bitcoins at other local businesses.
"I think that this is a technology where early adopters have an advantage," he said.
The casinos will install iPads at cashier stations and use the online platform BitPay to process the currency, which can be loaded into a virtual wallet and used with a mobile device.
Since its launch in early 2009, bitcoin has gained popularity with people who lack confidence in conventional banking. Bitcoins have a value determined by the demand for them.
This month, the Sacramento Kings basketball team became the first U.S. professional sports franchise to allow purchases with bitcoins, and Overstock.com reported being the first major retailer to accept the online currency.
BitPay, which enables merchants to allow bitcoins as payment by converting them into U.S. currency, processed more than $100 million worth of transactions in 2013.
The currency has also raised concerns about its potential use in laundering money and for other illegal purposes. Last week, Bitcoin forfeited roughly $27,000 worth of the currency to federal authorities because the funds belonged to the anonymous online black market Silk Road.
|
1,390,349,594 |
2014-01-22 00:13:14+00:00
|
{"Bitcoin": [426, 1560, 2130]}
|
{}
|
Two Las Vegas casinos to accept virtual bitcoin currency
|
https://finance.yahoo.com/news/finance.yahoo.com/news/two-las-vegas-casinos-accept-001314887.html
|
Reuters
|
https://www.reuters.com/
|
By Laila Kearney (Reuters) - Two Las Vegas casino hotels will become the first known U.S. commercial gambling houses to allow the use of the unregulated digital payment system, bitcoin, casino officials said on Tuesday. The co-owned Golden Gate Hotel and Casino and The D Las Vegas Casino Hotel will begin accepting bitcoins on Wednesday as payment for hotel rooms and related purchases, casino officials said in a statement. Bitcoin is an online currency bought and sold on a peer-to-peer network that is independent of central authority. The D will also accept the virtual currency at its gift shop, the American Coney Island restaurant and Joe Vicari's Andiamo Italian Steakhouse. "Downtown has really become a technology hub for all of Las Vegas," Derek Stevens, co-owner and chief operating officer for both casinos, told Reuters. "I think it is fitting that the Golden Gate and The D are the first hotels to offer (bitcoin)." Stevens said patrons increasingly had requested to use bitcoins over the past year. By becoming the first known casino hotels to accept the virtual currency, he hoped to attract customers unable to spend bitcoins at other local businesses. "I think that this is a technology where early adopters have an advantage," he said. The casinos will install iPads at cashier stations and use the online platform BitPay to process the currency, which can be loaded into a virtual wallet and used with a mobile device. Since its launch in early 2009, bitcoin has gained popularity with people who lack confidence in conventional banking. Bitcoins have a value determined by the demand for them. This month, the Sacramento Kings basketball team became the first U.S. professional sports franchise to allow purchases with bitcoins, and Overstock.com reported being the first major retailer to accept the online currency. BitPay, which enables merchants to allow bitcoins as payment by converting them into U.S. currency, processed more than $100 million worth of transactions in 2013. The currency has also raised concerns about its potential use in laundering money and for other illegal purposes. Last week, Bitcoin forfeited roughly $27,000 worth of the currency to federal authorities because the funds belonged to the anonymous online black market Silk Road. (Editing by Cynthia Johnston and Andre Grenon)
|
1,390,356,841 |
2014-01-22 02:14:01+00:00
|
{"Bitcoin": [424, 1558, 2128]}
|
{}
|
Two Las Vegas casinos to accept virtual bitcoin currency
|
https://finance.yahoo.com/news/two-las-vegas-casinos-accept-021401590.html
|
Reuters
|
https://www.reuters.com/
|
By Laila Kearney REUTERS - Two Las Vegas casino hotels will become the first known U.S. commercial gambling houses to allow the use of the unregulated digital payment system, bitcoin, casino officials said on Tuesday. The co-owned Golden Gate Hotel and Casino and The D Las Vegas Casino Hotel will begin accepting bitcoins on Wednesday as payment for hotel rooms and related purchases, casino officials said in a statement. Bitcoin is an online currency bought and sold on a peer-to-peer network that is independent of central authority. The D will also accept the virtual currency at its gift shop, the American Coney Island restaurant and Joe Vicari's Andiamo Italian Steakhouse. "Downtown has really become a technology hub for all of Las Vegas," Derek Stevens, co-owner and chief operating officer for both casinos, told Reuters. "I think it is fitting that the Golden Gate and The D are the first hotels to offer (bitcoin)." Stevens said patrons increasingly had requested to use bitcoins over the past year. By becoming the first known casino hotels to accept the virtual currency, he hoped to attract customers unable to spend bitcoins at other local businesses. "I think that this is a technology where early adopters have an advantage," he said. The casinos will install iPads at cashier stations and use the online platform BitPay to process the currency, which can be loaded into a virtual wallet and used with a mobile device. Since its launch in early 2009, bitcoin has gained popularity with people who lack confidence in conventional banking. Bitcoins have a value determined by the demand for them. This month, the Sacramento Kings basketball team became the first U.S. professional sports franchise to allow purchases with bitcoins, and Overstock.com reported being the first major retailer to accept the online currency. BitPay, which enables merchants to allow bitcoins as payment by converting them into U.S. currency, processed more than $100 million worth of transactions in 2013. The currency has also raised concerns about its potential use in laundering money and for other illegal purposes. Last week, Bitcoin forfeited roughly $27,000 worth of the currency to federal authorities because the funds belonged to the anonymous online black market Silk Road. (Editing by Cynthia Johnston and Andre Grenon) View comments
|
1,470,228,853 |
2016-08-03 12:54:13+00:00
|
{"Bitcoin": [1242]}
|
{}
|
Your first trade for Wednesday, August 3
|
https://finance.yahoo.com/news/first-trade-wednesday-august-3-125413425.html
|
CNBC
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http://www.cnbc.com/
|
The "Fast Money" traders shared their first moves for the market open.
Tim Seymour was a buyer of Exxon Mobil(NYSE: XOM).
Karen Finerman was a buyer of Facebook(NASDAQ: FB).
Brian Kelly was a seller of AutoNation(NYSE: AN).
Guy Adami was a buyer of the iShares Nasdaq Biotechnology ETF(NASDAQ: IBB).
Trader disclosure: On August 2, 2016, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders:Tim Seymour is long APC, AVP, BAC, BBRY, CLF, DO, DVYE, EDC, EWZ, F, FB, FCX, FXI, GM, GOOGL, GRMN, GE, INTC, LQD, M, MCD, MPEL, NKE, RACE, RAI, RH, RL, SINA, T, TWTR, UA, VALE, VZ, XOM. short: SPY, XRT; Tim's firm is long ABX, BABA, BIDU, CLF, EWZ, F, HD, KO, MCD, MPEL, NKE, PEP, PF, SAVE, SBUX, SINA, VALE, VIAB, WMT, WEN, YHOO, short HYG, IWM. Karen Finerman is long AAL, BAC, C, DAL, DRII, DRII calls, FB, FL, GOOG, GOOGL, JPM, LYV, KORS, KORS, KORS puts, M, MA, SEDG, SPY puts, UAL, URI, WIFI long call spreads. Her firm is long ANTM, AAPL, BAC, C, C calls, DRII, DRII calls, FB, GOOG, GOOGL, JPM, JPM calls, KORS, LYV, M, MOH, PLCE, SPY puts, URI, WIFI, her firm is short IWM, MDY. Karen Finerman is on the board of GrafTech International. Brian Kelly is long Bitcoin, DXJ, GLD, SLV, US Dollar UUP; he is short CHF=, EUR=, JPY=. Guy Adami is long CELG, EXAS, GDX, INTC, Guy Adami's wife, Linda Snow, works at Merck.
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1,445,957,678 |
2015-10-27 14:54:38+00:00
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{"Bitcoin": [1465]}
|
{}
|
No one seems to want to be New York’s top banking regulator
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https://finance.yahoo.com/news/no-one-seems-want-york-145438005.html
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Business Insider
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http://www.businessinsider.com/
|
(Thomson Reuters)New York Governor Andrew Cuomo addresses the media before participating as an honorary grand marshall in the West Indian Day Parade in Brooklyn, New York
The regime change at the New York Department of Financial Services is far from over.
Acting DFS superintendent Anthony Albanese is quitting, according to a report from The Wall Street Journal.
His departure comes as New York Governor Andrew Cuomo's search to replace Benjamin Lawsky drags on.Lawsky quit earlier this year, relinquishing his role to Albanese temporarily.
The Journal report says Cuomo’s staff has sought to exert more control over DFS in the months since Lawsky departed. Albanese downplayed that speaking with the Journal, saying his role and tenure “was always intended to be a temporary position to help smooth the transition process.”
With his exit, and no new superintendent known, it’s not clear how the transition process is working.
Throughout Lawsky's tenure as head of DFS, he aggressively pursued cases on Wall Street and earned a reputation for cracking down on illegal behavior.
By the time Lawsky left, the DFS had issued a staggering$6 billion in finesto financial services firms over a four-year span.
Business Insider reached out to the governor's office and to the DFS; neither provided comment by publication time.
NOW WATCH:The CEO who raised the price of a life-saving pill by 5000% has totally caved
More From Business Insider
• New York Just Released Its Bitcoin License, And They're Going To Change The Face Of Digital Currencies In The US
• Wall Street will be surprised to hear what New York's ex-banking regulator just said about regulators
• Former NY financial watchdog counters criticism on bitcoin work
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1,470,232,680 |
2016-08-03 13:58:00+00:00
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{"Bitcoin": [18, 278, 557, 792, 1202], "BTC": [161, 611]}
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{"Bitcoin": [33]}
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Hackers steal $63.7 million from Bitcoin exchange
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https://finance.yahoo.com/news/2016-08-03-hackers-steal-63-7-million-from-bitcoin-exchange.html
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Engadget
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https://www.engadget.com/
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A Hong Kong-based Bitcoin exchange has suspended all transactions after hackers stole a significant sum of the cryptocurrency.Bloombergis reporting that 119,756 BTC, currently valued at $63.7 million, has been taken from Bitfinex. The news has helped to contribute to a drop in Bitcoin's value, and over the last two days it has fallen by around 13 percent.
For its part, Bitfinex has already revealed that it is investigating the breach and is working with local law enforcement agencies. While the exchange actually deals in other cryptocurrencies beyond Bitcoin, the hack itself did not take anything beyond BTC. The company also directly contactedBloombergto confirm that deposits made in US dollars were not affected by the breach.
Admittedly, incidents like this won't irreparably harm Bitcoin, but the regularity of these incidents must be concerning for outside investors. When you look at the controversies that have become associated with the currency over the last few years, it's hard to see how its reputation could get worse. From a high-profileponzi scheme, throughthe FBIandSilk Roadcases, all the way through to the fraud at the heart ofMt.Gox's collapse.
2016 has also seen prominent Bitcoin developerMike Hearn quitafter suggesting that the currency's structural failings can't be remedied. In addition, thereward for mining each coinhas fallen, and while that's a well-known feature of the system, has forced a few businesses -- likeKnCMiner-- to shut down. That's before we get toCraig Wright's announcement that he was Satoshi Nakamoto, but refusing to provide proof to support his claim.
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1,421,085,600 |
2015-01-12 18:00:00+00:00
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{"Bitcoin": [551, 1197, 1744, 2262, 2284, 2379, 2526, 3467, 3746]}
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{"Bitcoin": [72]}
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New Cryptocurrency iPhone And Android App SendChat Allows Users To Send Bitcoin, DOGE, DRK And Sendcoin With Ease
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https://finance.yahoo.com/news/cryptocurrency-iphone-android-app-sendchat-180000591.html
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ACCESSWIRE
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https://www.accesswire.com/
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New fully transparent start-up SendChat - supported by the same team that is behind Sendcoin - is preparing to launch a unique cryptocurrency messenger app that will allow users to send and receive cryptocurrencies effortlessly parallel to messaging.
Amsterdam, Netherlands / ACCESSWIRE / January 12, 2015 /The SendChat release is due after an initial crowdfunding period held by blockchain crowd-funding and project certification platform BlockTrust.SendChat builds on popular open source messenger network Telegram with the added feature of sending Bitcoin, Sendcoin, Dogecoin and Darkcoin. The SendChat and Sendcoin white paper is available online for download on sendchat.org. The company began a public sale on the 8th of January 2015 to help raise funds to cover expenses associated with the release. SendChat is now excited to present an infrastructure that will aid the mainstream adoption of cryptocurrencies.
The user-friendly SendChat app uses the same open source script and infrastructure as Telegram that currently has over 50 million users. SendChat will include Telegram's features such as sending messages, files, photos, videos and much more while being able to send and receive Bitcoin, Sendcoin, Dogecoin and Darkcoin simply by clicking on a contact. SendChat members will be able to send and receive messages to Telegram users but sending cryptocurrencies requires both users to have SendChat. SendChat's cryptocurrency function does not require wallet addresses or technical expertise. SendChat will be fully compatible with MAC, Android, iOS, PC, Linux and Smart Watches.
SendChat will be cooperating with third party blockchain crowd-funding platform and project certification service BlockTrust that utilizes multi-sig Bitcoin escrow. Crowdfunding via BlockTrust follows strict timelines and necessary guidelines to ensure a safe and professional crowdfunding period. SendChat crowdfunding opened to the public on the 8th of January.
The complete version ofSendChat will work as its own ecosystem complete with the shared Telegram communication system, a Cryptocurrency To Fiat Exchange, Creators Market, Send Chat Store and personalized news all inside the same app. SendChat plans to use some of the revenue to sponsor education about Bitcoin by setting up Bitcoin Embassies worldwide. A project that will further expand the reach and possibilities of Bitcoin. As tech entrepreneur and mathematician Charles Hoskinson explained in a recent TED talk; the spread of a decentralized technology such as Bitcoin might have a huge impact on the quality of life for many people especially in developing nations. Future plans also involve helping non-profit organizations and NGOs to receive cryptocurrency donations and advertise for fee using the app.
The user-friendly SendChat app does not compromise on user safety. SendChat will be using an Amazon EC2 DdoS mitigation provider to guarantee network stability and prevent DDoS attacks. All platform data will be encrypted and stored safely as well as SSL encryption for internet traffic, widely used multi-sign functions, and many more tech savvy safety features.
Sendcoin adopters will see many benefits when using Sendcoin in SendChat like added discounts when making purchases, discounts for stores accepting Sendcoin, free Creators Market vouchers for first time Sendcoin users and prizes in Sendcoin exclusively on SendChat. Energy efficient Sendcoin provides 30x faster transactions than Bitcoin and has a low inflation rate. With only 21 million coins in total and 1% yearly interest, multi-signature features and 60 second transactions; Sendcoin will be embedded in the SendChat ecosystem and is a user efficient cryptocurrency.
SendChat hopes their groundbreaking Bitcoin and cryptocurrency app will aid in the mainstream adoption of cryptocurrencies; while SendChat itself becomes an integral part of the cryptocurrency ecosystem worldwide.
* This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.
For more information about us, please visithttp://sendchat.org/
Contact Info:
Name: Alejandro De La Torre, founder and CEOEmail: contact@sendchat.orgOrganization: SendChatVideo URL:https://www.youtube.com/watch?feature=player_embedded&v=ZWLj_yGHKu0.
SOURCE:SendChat
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1,390,413,600 |
2014-01-22 18:00:00+00:00
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{"Bitcoin": [192, 295, 357, 387, 452, 497, 581, 666, 720, 747, 1171, 1662, 1904, 2107, 2528], "BTC": [274, 2617]}
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{"Bitcoin": [69], "BTC": [49]}
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BitAngels Goes Global, Closing $7 Million (7,000 BTC) in Funding for Bitcoin Startups
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https://finance.yahoo.com/news/bitangels-goes-global-closing-7-180000531.html
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Marketwired
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http://www.marketwired.com/
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AUSTIN, TX--(Marketwired - Jan 22, 2014) - BitAngels (http://www.bitangels.co), the first international multi-city business incubator focused solely on early-stage startups disrupting through Bitcoin-based initiatives, today announced that it has invested $7 million (7,000 BTC) in 12 different Bitcoin startups since May 2013. Those startups have included Bitcoin layer "MSC Protocol," Bitcoin payment platform GoCoin, Seasteading incubator Blueseed, Bitcoin instant exchange Cash Into Coins and Bitcoin mining hardware company CoinTerra. The BitAngels have nearly $50 million in Bitcoins soft-circled by its now 324 angels across the globe ready to be invested in Bitcoin startups.
"It has been an incredible time for Bitcoin since the May 2013 Bitcoins show in San Jose, and it has been an even more incredible one for BitAngels," said co-founder and Executive Director David A. Johnston. "Like the digital currency itself, BitAngels had small beginnings, but also like the digital currency, we continue to expect that we'll head straight to the moon, which might be the one place where BitAngels doesn't have a presence right now."
The BitAngels came together at the Bitcoin 2013 Conference in San Jose last May. With what was once just a member count of 50 in just Austin, San Francisco, and New York, the BitAngels now count over 300 angels spread out over 23 countries among its support ranks. BitAngels has city leaders spread out across the globe, including Chicago, Hong Kong, London, Shanghai, Singapore, Stockholm, Sydney, Tel Aviv, Tokyo, and many others. Prominent angels leading the network include Gyft CEO Vinny Lingham, Memory Dealers CEO and "Bitcoin Jesus" Roger Ver, Robocoin Asia Chairman Brock Pierce, and Tradehill CEO Jered Kenna.
"We're continuing to aggressively pursue both new angels and new investment opportunities wherever they might be," said co-founder Michael Terpin. "Bitcoin continues to be a space that is growing constantly, with new ways in which it is touching our day-to-day lives, and BitAngels is going to be an integral part of that continuing development."
For Bitcoin-related funding and investing opportunities with BitAngels, please visithttp://www.bitangels.co.
About BitAngelsCo-founded by David A. Johnston, Michael Terpin and Sam Onat Yilmaz, BitAngels is the world's first distributed veteran entrepreneur and angel investor group. Focused on funding the most compelling companies in the digital currency ecosystem and matching them with the most experienced experts in the Bitcoin economy, BitAngels is made up of over 300 different angels, controls over 50,000 BTC and maintains a presence across the globe in 23 different countries. Interested startups and investors may learn more by visitinghttp://www.bitangels.co.
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1,470,239,100 |
2016-08-03 15:45:00+00:00
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{"Bitcoin": [194, 397, 607, 753, 1026, 1792, 1953, 3173]}
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{}
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MarilynJean Interactive (MJMI.QB) Eyes Q4 Partnership
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https://finance.yahoo.com/news/marilynjean-interactive-mjmi-qb-eyes-154500813.html
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ACCESSWIRE
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https://www.accesswire.com/
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HENDERSON, NV / ACCESSWIRE / August 3, 2016 /MarilynJean Interactive (MJMI.QB) today announced it has made significant advancements in pursuing a partnership with an established operator in the Bitcoin ATM and currency exchange space.
The potential partner has requested and been provided by MJMI with a draft Letter of Intent. MJMI plans to acquire an equity position with an owner / operator of Bitcoin ATMs that is also involved in digital currency to hard currency exchange space.
This strategic partnership will not only allow MarilynJean to offer users a faster and less expensive way to buy and sell Bitcoin but also opens the door to the multi-billion dollar international currency exchange and remittance market.
In recent months, the value of Bitcoin has skyrocketed over 40% from less than $450 to over $650. This price jump along with the increased adoption of the underlying blockchain technology by financial institutions continues to draw capital and investors to the space.
MarilynJean constantly monitors the Bitcoin market and is excited that usage of daily bitcoin transactions continues to increase dramatically. According to blockchain.info, the average daily transaction volume has increased approximately 300% since August of 2015, hitting a high of over $430 million in a single day in June of this year.
Peter Janosi, MJMI's president said: "The fact that a potential acquisition target has pursued us and requested an LOI further validates our activities in this space. We are working with our partners to build networks that can handle transactions involving all currencies and other financial instruments."
MJMI is current with its SEC filings and listed on the OTC:QB.
About MJMI
MJMI is in the business of providing safe and accessible services for the users of Bitcoin and other crypto-currencies.
Crypto-currencies are a medium of exchange using cryptography to secure transactions and control the creation of new units. Bitcoin became the first decentralized crypto-currency in 2009. Crypto-currency is produced at a rate which is defined when the system is created and publicly known. By contrast, in centralized banking and economic systems, such as the Federal Reserve System, corporate boards or governments control the supply of currency by printing units or demanding additions to digital banking ledgers. However, neither companies nor governments can produce units of crypto-currency and as such the value of crypto-currencies are completely based on supply and demand, free from any governmental control. Many people believe crypto-currencies, and in particular bitcoin, hold the promise of being the most significant advancement in global finance in modern history. The advent of bitcoin creates a secure, easily accessible and transferable transnational currency that is completely liberated from political influence.
MJMI is currently exploring partnerships in several verticals within the crypto-currency space, including the multi-billion dollar remittance market. Management believes that several industries, including both international remittances and online gambling are on the verge of being revolutionized by the use of Bitcoin to effect transactions.
MarilynJean Media Interactive is among the first publicly traded companies focussed on bitcoin and the crypto-currency space. The company's trading symbol is MJMI.QB.
Website:www.marilynjean.com
Press Contact:investorcommunica@gmail.com
SOURCE:MarilynJean Media Interactive
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1,445,979,000 |
2015-10-27 20:50:00+00:00
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{"BTC": [2427, 2434]}
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{}
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How To Invest In The Blockchain Boom
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https://finance.yahoo.com/news/invest-blockchain-boom-205000408.html
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ACCESSWIRE
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https://www.accesswire.com/
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ROCHESTER, NY / ACCESSWIRE / October 27, 2015 /In 2014, Marc Andreessen, the famous Silicon Valley's venture capitalist, listed blockchain technology as the most important invention since the Internet itself.
And if watching where savvy institutional investors place their bets is any indication of future potential, it looks like he may be right.
Blockchain technology is arguably the hottest trend in modern finance. According to CoinDesknearly 200 VC firms have invested more than $800 Million dollars in blockchain companies since 2012.
Startups and VC's aren't the only ones all excited about blockchain either, well established mainstream companies are also investing heavily in Blockchain technology projects as well.
Just last month 13 more banks joined a coalition lead byGoldman Sachs, JPMorgan, Credit Suisse, and Barclaysof banks looking to take blockchain technology to the mainstream financial sector. These are big banks like Bank of America, BNY Mellon, Mitsubishi , UFJ Financial Group, Citi, Commerzbank, Deutsche Bank, HSBC, Morgan Stanley, National Australia Bank, Royal Bank of Canada, SEB, Societe Generale, and Toronto-Dominion Bank
With so much buzz around betting on blockchain, it's no wonder that Main Street investors are now asking themselves how they can join Wall Street and Silicon Valley and invest in this technology in order to enjoy a piece of the profits from this 'next tech revolution'.
Investing in Blockchain
How you invest in Blockchain depends on how much risk you're looking to take and what kind of upside you are looking to reap.
For conservative investors, the lower risk play is investing in the stocks of any of the major financial services companies that are increasingly experimenting with blockchain technology to improve the services they are able to offer clients at the same time as reducing costs because improving the customer experience and reducing costs is a sure fire way to improve earnings which will ultimately bring in buyers over the long haul.
However, if you are willing to accept more risk in exchange for higher returns, invest in more pure Blockchain technology plays, likeBTCS, Inc. (BTCS), Hashing Space Corporation (HSHSE), or Global Arena Holding, Inc. (GAHC).
Of the bunch, we have our eye onGlobal Arena Holding Inc. GAHC.
Global Arena Holding, Inc.announced Monday they have acquired a stake in New York City's Blockchain Technologies Corporation ("BTC"). BTC is a blockchain and cryptocurrency software technology company and startup accelerator with several startups and patents already in place.
One of the startups in the accelerator is Blockchain Apparatus LLC., who is creating a voting application based on blockchain technology. This is very interesting becauseGAHCalready operates in the voting space and their subsidiary would be the perfect vehicle to roll out this new technology to market givingGAHCa big leg up on the competition.
Investing inGlobal Arena Holding Inc.may be a smart strategy because with one investment inGAHCyou get multiple kicks at the cat. If any one of the Blockchain Technology portfolio companies hits it bigGAHCshareholders will benefit as well.
For more information about the blockchain, click here:http://globalarenaholding.com/blockchain-news/the-beginners-guide-to-blockchain/
Legal Disclaimer/Disclosure:This is a sponsored article. This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. No information in this Report should be construed as individualized investment advice. For The Full Disclaimer, click herehttp://capitalgainsreport.com/disclaimer/
SOURCE:CapitalGainsReport.com
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1,470,249,155 |
2016-08-03 18:32:35+00:00
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{"Bitcoin": [11166]}
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{}
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REUTERS AMERICA NEWS PLAN FOR WEDNESDAY AUGUST 3
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https://finance.yahoo.com/news/reuters-america-news-plan-wednesday-183235136.html
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Reuters
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http://www.reuters.com/
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REUTERS AMERICA AFTERNOON NEWS PLAN FOR WEDNESDAY AUGUST 3
LATEST AND PLANNED U.S. NEWS COVERAGE (ALL TIMES ET)
Top stories as of 2:30 p.m. on Wednesday.
For latest stories search by Slug or Headline Keyword in your CMS or Advanced Search in Media Express.
For story queries, please contact us.general-news@thomsonreuters.com
For photo queries use USCanada-Pictures-Editors@thomsonreuters.com
TOP STORIES
Trump's refusal to back House speaker angers Republican Party chief
WASHINGTON - Donald Trump's White House campaign was in turmoil on Wednesday after he angered senior Republican Party leaders with his criticism of a dead soldier's family and his refusal to back the re-election campaign of House of Representatives Speaker Paul Ryan. (USA-ELECTION/ (UPDATE 4, PIX, TV, GRAPHIC), moved, by Doina Chiacu and Steve Holland, 884 words)
Muslim families of fallen U.S. soldiers driven to oppose Trump
NEW YORK - Nazar Naqvi has faithfully voted Republican for more than three decades. After Donald Trump's feud with Muslim parents who lost a son in battle for the United States, he has vowed not a single Republican will get his vote. (USA-ELECTION/GOLDSTAR-MUSLIM (PIX), moved at 10 a.m., 695 words)
Turkey sees swift overhaul of intelligence agency, gendarmerie after coup
ISTANBUL - Turkey will soon complete an overhaul of its intelligence agency and make new appointments to its gendarmerie as it tries to rid its security apparatus of the followers of a U.S.-based cleric blamed for an attempted coup, officials said on Wednesday. (TURKEY-SECURITY/SCIENCE (UPDATE 3), moved, 748 words). See also: TURKEY-SECURITY/APP, moved, 779 words
Florida to begin aerial spraying of insecticides to control Zika
CHICAGO Florida will conduct an aerial insecticide spraying campaign at dawn on Wednesday in an effort to kill mosquitoes carrying the Zika virus, officials in Miami-Dade County said. (HEALTH-ZIKA/INSECTICIDE, moved at 9:50 a.m., by Julie Steenhuysen, 394 words) See also: HEALTH-ZIKA/OXITEC, moved at 11:11 a.m., by Kate Kelland, 346 words
Washington D.C. police officer charged with helping Islamic State
WASHINGTON - A Metro transit police officer in Washington, D.C. was arrested on Wednesday morning on charges he attempted to provide material support to Islamic State, according to the U.S. Justice Department. (USA-JUSTICE/OFFICER (UPDATE 2), moved at 1:08 p.m., by Julia Harte, 218 words)
Brazil to deploy military to tourist sites, stadium security lax
RIO DE JANEIRO - Brazil says it is deploying the military to patrol emblematic tourist sites in Rio de Janeiro to guard against the "minimal" chance of an attack, though security at the Olympic stadium appeared slack three days before the Games. (OLYMPICS-RIO/SECURITY-STADIUM (PIX), moved, by Pedro Fonseca and Rodrigo Viga Gaier, 454 words). See also: OLYMPICS-RIO/POLICE, moved, 293 words; OLYMPICS-RIO/COUNTERFEITS (PIX, TV), moved, by Paulo Prada, 747 words and OLYMPICS-POPE/ (PIX, TV), moved, 250 words
CAMPAIGN
Tea Party Republican Huelskamp loses re-election bid for U.S. House
WASHINGTON - Representative Tim Huelskamp of Kansas, a Tea Party favorite who often feuded with Republican leaders in the U.S. House, lost his bid for re-election in the party's primary contest, unofficial state results showed on Wednesday. (USA-ELECTION/KANSAS (UPDATE 1), moved 10:34 a.m., 306 words)
Clinton campaign studying alternative to U.S. ethanol mandate
WASHINGTON/SAN FRANCISCO - Democratic U.S. presidential candidate Hillary Clinton's campaign has solicited advice from California regulators on how to revamp a federal regulation requiring biofuels like corn-based ethanol be blended into the nation's gasoline supply, according to campaign and state officials. (USA-ELECTION/CLINTON-ETHANOL (PIX, GRAPHIC), moved at 10:23 a.m., by Valerie Volcovici and Rory Carroll, 681 words)
WASHINGTON
Fed's Evans says one rate hike may be 'appropriate' this year
Chicago Federal Reserve Bank President Charles Evans on Wednesday offered a lukewarm endorsement of an interest rate increase later this year, despite his worry that inflation is still undershooting the U.S. central bank's 2 percent target. (USA-FED/EVANS (INTERVIEW, PIX), moved at 1 p.m., by Ann Saphir, 430 words)
OTHER U.S. NEWS
Gunman in deadly Austin, Texas shooting arrested in Atlanta
AUSTIN - A man suspected of killing one person and wounding four others when he fired shots from a handgun into a crowd on the streets of a nightclub area of Austin early Sunday was arrested without incident in Atlanta on Wednesday, the U.S. Marshals Service said. (TEXAS-SHOOTING/, moved at 1:12 p.m., by Jon Herskovitz, 216 words)
Pokemon no-go: New Jersey resident sues over trespassing players
NEW YORK - A New Jersey man has a message for the millions of players obsessed with the mobile game Pokemon Go: "Get off my lawn!" (NINTENDO-POKEMON/LAWSUIT, moved, 300 words)
Ex-NFL player Rucker gets nearly 2 years for embezzling from charities
CLEVELAND - Former National Football League wide receiver Reggie Rucker was sentenced on Wednesday to nearly two years in prison for embezzling more than $110,000 from anti-violence charities for personal use and to pay gambling debts. (NFL-RUCKER/, moved ta 12:24 p.m., by Kim Palmer, 355 words)
California wildfires likely to worsen as season peaks -forecaster
Drought conditions in California risk stoking new and ongoing wildfires as the season enters its peak, a forecaster said on Wednesday after several blazes already killed at least six people and charred thousands of acres so far this year. (CALIFORNIA-FIRE/, moved at 6:39 a.m. (TV, PIX), moved, 378 words)
'Massive' breach exposes hundreds of new SAT questions
BOSTON - Shortly after David Coleman took over as CEO in 2012, the College Board began redesigning its signature product, the SAT college entrance exam. The testing company also hired a consultancy to identify the risks associated with the monumental undertaking. (COLLEGE-SAT/SECURITY (SPECIAL REPORT), moved at 1:44 p.m., by Renee Dudley, 1923 words)
Famed flamingo Pinky dead in Florida after man attacks it
TAMPA - A Chilean flamingo named Pinky which was known for its dancing was euthanized at a Florida theme park after being badly injured by a man who reached into its pen and threw it to the ground, Tampa police said on Wednesday. (FLORIDA-FLAMINGO/ (PIX, TV), moved at 12:06 p.m., 205 words)
Man convicted in deadly Alabama church bombing denied parole
An 86-year-old white man convicted in the infamous 1963 Birmingham, Alabama church bombing that killed four young black girls during Sunday morning service was denied parole on Wednesday, prosecutors said. (ALABAMA-CHURCH/, 350 words, expect by 1:30 p.m.)
MIDDLE EAST
Hezbollah sees no immediate end to Syria war, partition in Iraq and Syria a possible outcome
BEIRUT - Lebanon's Hezbollah said the partition of Iraq and Syria was a possible outcome of sectarian fighting across the region and there was no prospect of any end to the war in Syria until after November's U.S. presidential election. (MIDEAST-CRISIS/SYRIA-HEZBOLLAH (INTERVIEW, PIX), moved at 12:01 p.m., by Samia Nakhoul, Laila Bassam and Suleiman Al-Khalidi, 937 words)
WORLD
North Korea missile lands near Japanese waters
SEOUL - North Korea launches a ballistic missile that lands in or near Japanese-controlled waters for the first time, the latest in a series of launches by the isolated country in defiance of U.N. Security Council resolutions. (NORTHKOREA-MISSILE/ (UPDATE 5), moved, 510 words)
Regional tensions test Japan's new defence minister on first day
TOKYO - Tomomi Inada will have precious little time to settle into her new job as Japan's defence minister, as events on her first day in the office underlined. (JAPAN-POLITICS/CABINET-DEFENCE (PIX, GRAPHIC), moved at 11:17 a.m., by Tim Kelly and Kiyoshi Takenaka, 676 words)
Recession ahead in Britain? Factories slow, business confidence tumbles
LONDON - British manufacturing shrinks at its fastest pace in more than three years in July and business confidence tumbles following the Brexit vote, according to surveys that show an increased chance of a recession ahead. (BRITAIN-EU/ECONOMY (UPDATE 1, PIX), moved, by Ana Nicolaci da Costa, 600 words)
South African vote tests ANC hold on cities, Zuma in focus
JOHANNESBURG/PRETORIA - South Africans vote in local elections that could see the ruling African National Congress (ANC) and its scandal-hit leader lose control of the capital and other key cities for the first time since the end of apartheid. (SAFRICA-ELECTION/ (UPDATE 3, PIX, TV), moved, by Nqobile Dludla, 700 words)
Fire guts Emirates jet after hard landing; one firefighter dies
DUBAI - An Emirates jetliner arriving from India caught fire after slumping onto the runway in Dubai on Wednesday, killing one firefighter in an intense blaze and bringing the world's busiest international airport to a halt for several hours. (EMIRATES-AIRPLANE/CRASH (UPDATE 6, TV, PIX), moved, by Noah Browning, 733 words)
Russian mayor who took on Kremlin party jailed before elections
MOSCOW - A Russian court sentenced a former mayor and vocal critic of President Vladimir Putin's allies to 12 1/2 years in jail on Wednesday in a graft case the liberal opposition said was trumped up to end its fledgling success in the regions. (RUSSIA-MAYOR/PRISON (PIX), moved at 11:12 a.m., by Andrew Osborn, 448 words)
Portugal's Guterres eyed ahead of 2nd poll for next U.N. chief
UNITED NATIONS - Former Portuguese Prime Minister Antonio Guterres could cement himself as the ninth United Nations Secretary-General when the Security Council holds its second secret ballot on Friday, some diplomats said. (UN-ELECTION/ (PIX, GRAPHICS), moved at 12:24 p.m., by Michelle Nichols, 590 words)
Canada launches inquiry into missing, murdered indigenous women
OTTAWA - Canada launched a national inquiry into missing and murdered indigenous women on Wednesday, a long-awaited look into the causes of decades of violence that have resulted in over a thousand murdered women. (CANADA-ABORIGINAL/, moved at 10:57 a.m., 312 words)
Venezuelan women seek sterilizations as crisis sours child-rearing
CARACAS - Venezuela's food shortages, inflation and crumbling medical sector have become such a source of anguish that growing number of young women are reluctantly opting for sterilizations rather than face hardship of pregnancy and child-rearing. (VENEZUELA-STERILIZATIONS/ (WIDER IMAGE, PIX), moved, by Alexandra Ulmer, 1130 words)
Venezuela names general accused of drug crimes by U.S. as minister
CARACAS - Venezuelan President Nicolas Maduro names a general accused of drug crimes by the United States as his new interior minister and removes from the cabinet his top economic official, who was viewed as a potential reformer. (VENEZUELA-POLITICS/ (UPDATE 2, PIX, TV), moved, by Andrew Cawthorne, 388 words)
Tropical Storm Earl strengthens as it churns toward Belize
MEXICO CITY - Tropical Storm Earl bears down on Central America's Caribbean coastline, strengthening as it was forecast to strike land as a hurricane, the National Hurricane Center (NHC) says. (STORM-EARL/ (UPDATE 2), moved, 251 words)
Bitcoin exchange confirms second-biggest heist in U.S. dollar terms
HONG KONG - Nearly 120,000 bitcoin worth about US$72 million has been stolen from the exchange platform Bitfinex in Hong Kong, making it the second-biggest security breach ever of such an exchange. (BITFINEX-HACKED/HONGKONG (UPDATE 2) moved, by Clare Baldwin, 300 words)
HEALTH AND SCIENCE
For pregnant women, Zika outbreak hits home in Florida
In recent days, Karla Maguire has avoided taking her toddler son to a south Florida playground where mosquitoes may be biting. She walks the dogs less frequently and rigorously applies bug repellant when she must go outside. (HEALTH-ZIKA/WOMEN, moving shortly, by Letitia Stein and Jilian Mincer, 840 words). See also: (HEALTH-ZIKA/USA-MILITARY (UPDATE 1), moved, 128 words and HEALTH-ZIKA/FRAUD (UPDATE 2, TV, PIX), moved at 12:18 p.m., by Jessica Dye, 308 words
Memory may someday benefit from electric therapy
It may someday be possible to send weak currents of electricity through the scalp during sleep to help improve memory for motor tasks, researchers say. (HEALTH-BRAIN/STIMULATION-SLEEP, moved at 11:50 a.m., by Kathryn Doyle, 402 words)
ENTERTAINMENT AND LIFESTYLE
Harry Potter casts spell again with "Cursed Child" UK sales
LONDON - "Harry Potter and the Cursed Child," the script for a new London play telling the eighth story in the hugely popular boy-wizard series, has sold more than 680,000 print copies in the UK in three days, publisher Little, Brown said on Wednesday. (BOOKS-HARRYPOTTER/ (TV), moved at 10:20 a.m., 350 words)
Second 'Fantastic Beasts' movie coming in Nov 2018, studio says
The second movie in the Harry Potter spin-off series "Fantastic Beasts" will be released in November 2018, Hollywood movie studio Warner Bros said on Wednesday, promising "much more on the horizon" from the boy-wizard franchise. (FILM-FANTASTICBEASTS/, moved at 10:35 a.m., 252 words)
Denver Broncos to acquire naming rights to Mile High Stadium
NEW YORK/WILMINGTON - The Denver Broncos professional football team will acquire the naming rights to its Mile High Stadium from Sports Authority after the bankrupt U.S. sporting goods retailer failed to find a new sponsor for the venue, according to a Tuesday court filing. (SPORTSAUTHORITY-BANKRUPTCY/BRONCOS (UPDATE 1), moved at 12:21 p.m., by Jessica DiNapoli and Tom Hals, 367 words)
BUSINESS AND MARKETS
Gains in energy, financial stocks boost Wall Street
Wall Street was higher on Wednesday after a sharp rise in oil prices boosted energy shares, while robust jobs data helped financial stocks. (USA-STOCKS/ (UPDATE 4), will be updated till close, 397 words)See also: Stocks slip for third day, dollar recovers ground (GLOBAL-MARKETS/ (WRAPUP 6), by Saqib Iqbal Ahmed, 501 words)
U.S. private sector added 179,000 jobs in July -ADP
NEW YORK - U.S. private employers added 179,000 jobs in July, above economists' expectations, a report by payrolls processor ADP shows. (USA ECONOMY/ADP, moved, 190 words)
Humana profit plunges on higher provisions for Obamacare business
Humana Inc reports a 28 percent drop in quarterly profit after setting aside more money to cover losses in its Obamacare business, and the company says next year it will discontinue most of these plans sold on public exchanges. (HUMANA-RESULTS/ (UPDATE 2), moved, by Amruthi Penumudi, 310 words)
Time Warner takes stake in Hulu, lifts profit forecast
Time Warner Inc disclosed a 10 percent stake in video streaming site Hulu on Wednesday, setting its sights on the web TV market, and it raised its 2016 forecast on expectations of sustained growth in its traditional media business. (TIME WARNER-RESULTS/ (UPDATE 5, PIX), moved at 1:37 p.m., by Malathi Nayak and Rishika Sadam, 358 words)
TIAA in advanced talks to acquire EverBank - sources
TIAA, the 98-year-old financial services firm seeking to expand in internet banking, has been in exclusive negotiations to acquire U.S. online lender EverBank Financial Corp Inc for $2.5 billion, people familiar with the matter said. (EVERBANK-M&A/TIAADIRECT (EXCLUSIVE), moved at 10:52 a.m., by Lauren Hirsch and Olivia Oran, 379 words)
U.S. frackers surprise themselves as tweaks keep adding barrels
HOUSTON - Nimble U.S. shale oil producers continue to show an uncanny ability to squeeze more and more crude from new wells, allowing them to do more with less as they try to weather another dip in oil prices to $40 a barrel. (USA-FRACKING/, moved at 1:24 p.m., by Terry Wade and Ernest Scheyder, 576 words)
Fed penalizes Goldman Sachs for use of confidential data
NEW YORK - The U.S. Federal Reserve Board said on Wednesday it had ordered Goldman Sachs Group Inc to pay a $36.3 million civil penalty for the unauthorized use and disclosure of confidential information. (GOLDMAN SACHS-FED/ (UPDATE 1), moved at 12:12 p.m., by David Ingram, 254 words) *****************
For story queries, please contact us.general- news@thomsonreuters.com
For photo queries use USCanada-Pictures-Editors@thomsonreuters.com) *****************
|
1,445,987,101 |
2015-10-27 23:05:01+00:00
|
{"Bitcoin": [2048, 2405]}
|
{"Bitcoin": [0]}
|
Bitcoin firm raises funding from Bain, New York Life, MasterCard
|
https://finance.yahoo.com/news/bitcoin-firm-raises-funding-bain-230501100.html
|
Reuters
|
http://www.reuters.com/
|
By Gertrude Chavez-Dreyfuss
NEW YORK, Oct 27 (Reuters) - Digital Currency Group, a holding firm focused on investing and developing businesses that deal in bitcoin and other cryptocurrencies, has raised funding from some of the biggest U.S. financial names, founder and chief executive officer Barry Silbert said on Tuesday.
Bain Capital Ventures, the Boston-based venture capital unit of private equity firm Bain Capital, credit card company MasterCard, insurance giant New York Life Insurance Company, and Canadian bank CIBC were four of the company's new investors.
The holding company (DCG) is currently building and supporting the largest early-stage investment portfolio in digital currencies and the blockchain, the underlying technology behind bitcoin.
Silbert, a prominent bitcoin advocate and investor, declined to disclose the amount of funding raised from the new investors.
The other investors in DCG include a range of venture capital firms and family offices such as FirstMark Capital, Novel TMT, Oak HC/FT, RRE Ventures, Solon Mack Capital, and Transamerica Ventures.
Bain, CIBC, New York Life, Mastercard, FirstMark, Novel, Oak, and Transamerica are investing in bitcoin for the first time, Silbert said.
Structuring DCG as a company and not a fund is a strategic business decisions, Silbert said, and the business model is similar to that of Berkshire Hathaway, founded by billionaire investor Warren Buffett.
"Setting it up this way gives us flexibility," said Silbert, in an email to Reuters. "We can start companies, invest in companies, buy companies, etc and it gives us patient, permanent capital."
There is therefore no need to raise a bunch of different funds with different investors, he said, adding that this gives the company the opportunity to go public down the road.
DCG was formed this year with the merger of two SecondMarket Solutions companies: Genesis Global Trading, a bitcoin over-the-counter trading firm, and Grayscale Investments, a digital currency asset management firm that manages the publicly-traded Bitcoin Investment Trust.
SecondMarket, an entity that has helped private companies facilitate trading in their shares, was founded by Silbert. It was acquired last week by Nasdaq Private Market. Financial terms were not provided.
Silbert has invested in some of the biggest bitcoin companies: Coinbase, BitPay, Circle, itBit, Ripple, Xapo, and Coinsetter.
Bitcoin is a virtual currency bought and sold on a peer-to-peer network independent of central control. The digital currency is used for retail purchases and investments. Other virtual currencies include litecoin and dogecoin.
One bitcoin is currently worth around $296.01 on the BitStamp platform.
(Reporting by Gertrude Chavez-Dreyfuss; Editing by David Gregorio)
|
1,390,458,780 |
2014-01-23 06:33:00+00:00
|
{"Bitcoin": [403]}
|
{"Bitcoin": [0]}
|
Bitcoin Alternative EarthCoin (EAC) Soars With Its Unique Vision And Branding
|
https://finance.yahoo.com/news/bitcoin-alternative-earthcoin-eac-soars-063300166.html
|
ACCESSWIRE
|
https://www.accesswire.com/
|
Earthcoin is a revolutionary unique digital currency which is rapidly increasing in popularity and has recently begun trading on Cryptsy.com; with founders who believe in the potential of cryptocurrencies to change the world.
January 23rd, 2014 -EarthCoinbegan as a collaboration between a young media / advertising executive, a detailed, experienced cryptocurrency developer, and a fund manager turned Bitcoin millionaire - and has now turned into a grass roots revolution. Norb says, "Frankly it took over my life for a bit there as I have an ‘all or nothing’ approach to most things, and this rabbit hole just never ends."
The dev team has struck a chord with the crypto-community in their design and brand appeal - The People’s Currency. The EarthCoin Foundation has also provided real money assistance to many causes, with the coin only being three weeks old.
Wesley lauds the community and says: "without the collective group effort there is no way this idea would have come to life. One small group of people could never achieve sustainability and adoption of a global trade vehicle. The technology itself is self-fulfilling, there is no way to drive value unless indirect force is applied through collective effort. It is simply amazing and we are humbled to have had this profound of an impact in such a short period of time. To tell you the truth we have not even started with our two year plan of adoption."
EarthCoin’s appeal clearly comes from its marketing savvy, visual eye candy and broad identity. The underlying technology is as sound as any digital currency, but has been altered to address some of the earlier short-comings of cryptocurrencies.
"There are features that we have integrated that try to mimic seasonality and human characteristics of behavior and productivity through out the year. It is no secret that we are creatures of habit and so we wanted to link the currency as closely as possible to those inherent instincts. To be variable but also cyclical.", says Wesley.
John integrated sixty second block intervals with 5 confirmations to cut down transaction times drastically, as well as instituted a 13.5 billion coin supply which after the first year should create one coin per person on the planet.
Transaction messages are allowed in the client but the mathematics behind the rate of creation of the money supply provides the twist. Cryptocurrencies are self-sustaining through their free market mechanism, as long as the incentive exists to allow the miners to reap the rewards to be able to cover their overhead and costs. With EarthCoin this is solved on two fronts – one of which is the cyclical nature of the seasons – representing changes in productivity along a sine curve – and the other is through 2x and 5x payouts for the miners.
It sounds like a lot to handle but the dev team is confident that the psychology behind the metrics has its merits.This is evidenced by the creative content that has been provided by the community. Already, Facebook, Reddit, and IRC communications lines have been established as well as a very busy EarthCointalk.org forum and its earthcoin.eu news feed counterpart, which are both maintained and managed spectacularly.
To really add some excitement to the community, the dev team has been in due diligence talks with BTC38 regarding EarthCoin’s future in the Chinese market.
Their mission statement is profound: the current system is corrupt, it is broken, everyone instinctively knows this:"The technology educates people, from all walks, about the importance of the big picture. Not just the coin itself, the technology, the bulletproof public ledger system, the accounting that cannot be fudged, the fact that this tech can be applied to anything from land ownership deeds to wills to storing small units of value that you can transfer anywhere, to anyone, anytime," says Norb
The team is settling in with a two year road map, but admits that many large milestones have already been reached.
Being listed on coinedup.com, coinex.pw and just recently cryptsy.com is a testament to the coins viability. Daily trading volume has surpassed many established coins very quickly, again probably due to its broad based appeal, and definitely as a result of the dev team’s approach to not only their coin, but to the crypto revolution itself.
To read a long detailed interview with the Earthcoin team please go to:http://bitcoinprbuzz.com/an-exclusive-interview-with-the-earthcoin-team/
To trade EarthCoin:http://cryptsy.com
This press release is for informational purposes only.
Visithttp://getearthcoin.comfor more information.
Contact InfoName: EarthCoinOrganization: EarthCoinEmail: info@earthcoin.biz
Source:http://bitcoinprbuzz.com/bitcoin-alternative-earthcoin-soars-with-its-unique-vision-and-branding/
|
1,390,458,780 |
2014-01-23 06:33:00+00:00
|
{"Bitcoin": [403]}
|
{"Bitcoin": [0]}
|
Bitcoin Alternative EarthCoin (EAC) Soars With Its Unique Vision And Branding
|
https://finance.yahoo.com/news/finance.yahoo.com/news/bitcoin-alternative-earthcoin-eac-soars-063300166.html
|
ACCESSWIRE
|
https://www.accesswire.com/
|
Earthcoin is a revolutionary unique digital currency which is rapidly increasing in popularity and has recently begun trading on Cryptsy.com; with founders who believe in the potential of cryptocurrencies to change the world.
January 23rd, 2014 -EarthCoinbegan as a collaboration between a young media / advertising executive, a detailed, experienced cryptocurrency developer, and a fund manager turned Bitcoin millionaire - and has now turned into a grass roots revolution. Norb says, "Frankly it took over my life for a bit there as I have an ‘all or nothing’ approach to most things, and this rabbit hole just never ends."
The dev team has struck a chord with the crypto-community in their design and brand appeal - The People’s Currency. The EarthCoin Foundation has also provided real money assistance to many causes, with the coin only being three weeks old.
Wesley lauds the community and says: "without the collective group effort there is no way this idea would have come to life. One small group of people could never achieve sustainability and adoption of a global trade vehicle. The technology itself is self-fulfilling, there is no way to drive value unless indirect force is applied through collective effort. It is simply amazing and we are humbled to have had this profound of an impact in such a short period of time. To tell you the truth we have not even started with our two year plan of adoption."
EarthCoin’s appeal clearly comes from its marketing savvy, visual eye candy and broad identity. The underlying technology is as sound as any digital currency, but has been altered to address some of the earlier short-comings of cryptocurrencies.
"There are features that we have integrated that try to mimic seasonality and human characteristics of behavior and productivity through out the year. It is no secret that we are creatures of habit and so we wanted to link the currency as closely as possible to those inherent instincts. To be variable but also cyclical.", says Wesley.
John integrated sixty second block intervals with 5 confirmations to cut down transaction times drastically, as well as instituted a 13.5 billion coin supply which after the first year should create one coin per person on the planet.
Transaction messages are allowed in the client but the mathematics behind the rate of creation of the money supply provides the twist. Cryptocurrencies are self-sustaining through their free market mechanism, as long as the incentive exists to allow the miners to reap the rewards to be able to cover their overhead and costs. With EarthCoin this is solved on two fronts – one of which is the cyclical nature of the seasons – representing changes in productivity along a sine curve – and the other is through 2x and 5x payouts for the miners.
It sounds like a lot to handle but the dev team is confident that the psychology behind the metrics has its merits.This is evidenced by the creative content that has been provided by the community. Already, Facebook, Reddit, and IRC communications lines have been established as well as a very busy EarthCointalk.org forum and its earthcoin.eu news feed counterpart, which are both maintained and managed spectacularly.
To really add some excitement to the community, the dev team has been in due diligence talks with BTC38 regarding EarthCoin’s future in the Chinese market.
Their mission statement is profound: the current system is corrupt, it is broken, everyone instinctively knows this:"The technology educates people, from all walks, about the importance of the big picture. Not just the coin itself, the technology, the bulletproof public ledger system, the accounting that cannot be fudged, the fact that this tech can be applied to anything from land ownership deeds to wills to storing small units of value that you can transfer anywhere, to anyone, anytime," says Norb
The team is settling in with a two year road map, but admits that many large milestones have already been reached.
Being listed on coinedup.com, coinex.pw and just recently cryptsy.com is a testament to the coins viability. Daily trading volume has surpassed many established coins very quickly, again probably due to its broad based appeal, and definitely as a result of the dev team’s approach to not only their coin, but to the crypto revolution itself.
To read a long detailed interview with the Earthcoin team please go to:http://bitcoinprbuzz.com/an-exclusive-interview-with-the-earthcoin-team/
To trade EarthCoin:http://cryptsy.com
This press release is for informational purposes only.
Visithttp://getearthcoin.comfor more information.
Contact InfoName: EarthCoinOrganization: EarthCoinEmail: info@earthcoin.biz
Source:http://bitcoinprbuzz.com/bitcoin-alternative-earthcoin-soars-with-its-unique-vision-and-branding/
|
1,446,015,510 |
2015-10-28 06:58:30+00:00
|
{"Bitcoin": [4871]}
|
{}
|
Sub-zero interest rates have floor nearby, albeit a shaky one
|
https://finance.yahoo.com/news/sub-zero-interest-rates-floor-065830946.html
|
Reuters
|
http://www.reuters.com/
|
By Mike Dolan
LONDON (Reuters) - Zero is clearly not the floor for central bank interest rates, but there's still a lower limit nearby, however shaky it may be.
For anyone assuming official interest rates would not or could not go below zero, it's been a sobering year. Four central banks in Europe have broken the taboo and are experimenting with the slightly puzzling concept of negative interest rates.
The European Central Bank as well as the Swiss, Swedish and Danish central banks all now employ negative deposit rates - charging their commercial banks for holding reserves on deposit as yet another way of forcing them to lend more.
Even though this upside-down world of negative rates appears to many to be just a technical quirk in the banking system, households and firms may start to wonder whether negative rates will spread to them given the obvious reluctance of central bankers to admit a floor and draw the line here.
ECB chief Mario Draghi electrified markets last week by holding out the prospect of yet another cut in the ECB's deposit rate of minus 0.2 percent as it battles to get flat lining euro-zone inflation back up to its target of near 2 percent.
Whether negative rates excite or terrify you, most economists reckon there's a limit. They insist a so-called 'lower bound' for rates - only debated in academic circles between the 1930s Depression and the credit crash of 2008 - is still a major and worrying constraint on monetary policy and that the floor is likely just a little below where we are now.
For all the wonkish detail, it's no pinpoint science.
Bank of England studies put the limit about minus 0.5 percent, for example. That's below the current ECB rate, though not as deep as the Swiss National Bank's minus 0.75 percent.
National variations clearly apply, however. The BoE itself has, until recently at least, declined to cut its rates below 0.5 percent - due to the plethora of UK mortgage rates that track the policy rate but also because UK banks have typically never charged customers for current accounts.
But the argument for an interest rate floor that's just slightly negative is relatively simple.
If banks are charged ever larger penalties for depositing reserves with the central bank, the assumption is they will simply transfer the money into physical cash, which even at zero interest would still give them a better return. And their tolerance for negative rates is estimated to be the additional cost of securely stashing those crisp notes away in private vaults.
"The source of the zero lower bound constraint lies in the unrestricted convertibility into cash of reserve accounts at the central bank," according to the annual 'Geneva Report' on the world economy from the UK-based think tank Centre for Economic Policy Research.
But the report - authored by former BoE policymaker Charles Bean, former New York Federal Reserve economist Christian Broda, former Japanese financial diplomat Takatoshi Ito and former Fed governor Randall Kroszner - said the relatively high security cost of holding vast quantities of banknotes meant that this switching doesn't happen immediately that rates go below zero.
"Banks are more likely to decide that it will be worth investing in setting up such secure facilities if central bank deposit rates are likely to be negative frequently and for substantial periods," they wrote, adding the "true floor" is probably close to BoE calculations of minus 0.5 percent.
This is no stone floor, however. Reviewing the report, SNB Vice Chairman Fritz Zurbruegg said "the tipping point is not clearly defined; markets and businesses are very innovative."
BLUFF?
But if the zero bound does exist and it's at least close to where we are right now, what happens if inflation still won't rise back to target and further easing is needed? Was Mario Draghi just bluffing by saying he could do whatever it takes?
Facing the risk of a deflationary trap, more bond buying and quantitative easing can at least try to push down long-term borrowing rates. But there are practical and political limits here too on what and just how much bonds to buy, while the benchmark 10-year German bund already yields less than 0.50 percent.
Others suggest inflation targets could be raised to provoke a change in expectations and underline central bank determination. But if you're struggling to get inflation from zero to 2 percent, will it be any easier getting it to 4?
That leaves more radical moves to overcome the lower bound.
One includes getting rid of physical cash altogether to prevent banks switching into it - a plausible idea given the rise of card payments and electronic money. Another proposal involves abandoning the automatic 1-for-1 exchange between cash and reserves. One more alternative suggests banknotes would have to be stamped periodically to retain their legal tender.
Spotlighting Bitcoin's emergence, BoE chief economist Andy Haldane said last month that some form of digital money wallets could be the future for new government-backed currency too and have the advantage of being able to absorb negative rates.
"Perhaps central bank money is ripe for its own great technological leap forward, prompted by the pressing demands of the zero lower bound," he said.
But, even if switching can be avoided, deeply negative rates may cause more problems than they solve by damaging bank balance sheets and stability, fueling increases in risky lending or leading to unintended consequences of banks recouping costs through higher mortgage or corporate lending rates - as seen in Switzerland. Deeply negative interest rates for a protracted period will also create distortions in asset markets.
Together these fears may act as powerfully as any limit on just how negative rates can go.
(Editing by Hugh Lawson)
|
1,446,019,262 |
2015-10-28 08:01:02+00:00
|
{"BTC": [4906, 4982]}
|
{}
|
Zenith Receives Approval for Onshore Oil Production in Azerbaijan
|
https://finance.yahoo.com/news/zenith-receives-approval-onshore-oil-080102048.html
| null |
https://guce.yahoo.com/terms?locale=en-US
|
This press release is not to be distributed to U.S. newswire services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. securities law.
CALGARY, Alberta, Oct. 28, 2015 (GLOBE NEWSWIRE) --Zenith Energy Ltd.("Zenith"or the"Company") (ZEE.V) is pleased to announce that the Company has received a Presidential Decree in Azerbaijan to acquire three producing onshore oil fields.
As reported several times in quarterly MD&A filings, the Company has been in negotiations for the last 15 months with our counterparty in Azerbaijan, SOCAR (State Oil Company of Azerbaijan Republic).
Approval by Presidential Decree at the end of negotiations is required for a contract with SOCAR according to the internal process under the Laws of the Republic of Azerbaijan. The Presidential Decree has just been signed by the President of the Republic of Azerbaijan and this event triggers the Company`s obligation for continuing disclosure. Some additional procedural steps will be implemented before the hand-over of the fields to Zenith.
The three fields have a compounded acreage of 642.4 square kilometres, and produce ~315 barrels of crude oil per day at present, although they have produced larger quantities previously (Source: SOCAR, State Oil Company of Azerbaijan Republic). Gas is also produced, but in low quantity, and is used at the site. The fields are named Muradkanly, Yafarli and Zardob. Zenith will be the operator of the concession and will have an 80% interest, while the local state party will retain 20%. The license will have a duration of 25 years. Zenith`s technical personnel have already been allowed access to the fields to inspect the current operation and evaluate the existing infrastructure.
Due to the confidential nature of negotiations, economic details of the acquisition will be released at a later date. The contract will also be subject to regulatory approval in Canada.
As reported in Zenith`s press release from September 25, 2015, the Company has opened an office in Baku, the capital of Azerbaijan. This corporate office is a two and a half hour drive from the operational office presently used to manage the producing fields, which are in the southern region of Azerbaijan.
Similar to Zenith`s activity in other countries, the Company will create a wholly-owned subsidiary fully dedicated to this project. This strategy has proven to attract significant local expertise and enabled the Company to effectively integrate new methods, technologies and personnel. Azerbaijani management familiar with the properties will initially be supplemented by new technical and operational personnel from Zenith, however the Company will also begin to actively identify international management and specialists willing to relocate to Azerbaijan as part of its strategy to grow domestic production.
An internationally recognized independent reservoir engineering firm is currently preparing a 51-101 National Instrument report to evaluate the remaining reserves and the expected productivity potential of the three fields.
Andrea Cattaneo, President and CEO of Zenith Energy comments: "This acquisition represents Zenith`s first investment into a country that management has held in high regard and is the culmination of over 15 months of negotiations and due diligence with local authorities."
About Azerbaijan
Azerbaijan is located at the crossroads of Western Asia and Eastern Europe. After gaining independence in 1991, Azerbaijan became a member of the International Monetary Fund, the World Bank, the European Bank for Reconstruction and Development, the Islamic Development Bank and the Asian Development Bank. Azerbaijan is one of the birthplaces of the oil industry, with trade dating back as early as the 3rd and 4th centuries. The world`s first paraffin factory was opened in the country in 1823 and the first oil well was drilled in 1847. In the 1870s, the region experienced the first true oil boom with oil drilling beginning on a massive scale highlighted by the Vermishevsky oil gusher on June 13, 1872 which produced an estimated 2600 barrels per day during its first three months. Several cycles of oil development have occurred within the country, and after gaining independence in 1991, Azerbaijan started to attract significant foreign investment.
On September 20th, 1994, after three and a half years of arduous negotiations, Azerbaijan and a Consortium of foreign oil companies signed a production sharing contract to develop Azerbaijan`s Caspian oil reserves. This contract was later named the Contract of the Century due to its tremendous importance. Thirteen companies from eight countries participated in the signing of the Contract of the Century.
Azerbaijan`s development as a supplier of petroleum to Europe continued to evolve with the national strategy to develop infrastructure including the BTC (Baku-Tbilisi-Ceyhan) pipeline, officially opened on July 13, 2006. The BTC pipeline transports crude 1,769 km from the offshore Azeri-Chirag-Guneshli oil fields in the Caspian Sea to the Mediterranean Sea. Possessing the capacity to transport more than one million barrels per day, this pipeline is the second longest in the world and pumps oil from the Sangachal Terminal near Baku (Azerbaijan), through Tbilisi (the Georgian Capital) to Ceyhan, a port on the south-eastern Mediterranean coast of Turkey.
Azerbaijan is estimated to hold proven reserves of 14.748 billion barrels (2 billion tonnes) of crude oil and condensate and an additional reserve of 2.55 trillion cubic meters (90 Tcf) of natural gas. (Source: SOCAR, State Oil Company of Azerbaijan Republic).
Wholly located within the South Caspian Sea basin, Azerbaijan is one of the region`s most strategic energy export openings to the west, and an increasingly important supplier of natural gas to Europe via the country`s existing and proposed pipeline network.
Companies working in Azerbaijan include, among others, these majors: BP, Statoil, SAIPEM, ExxonMobil, ITOCHU, Chevron, Petronas, TOTAL, LUKOIL, TPAO and GDF SUEZ.
About Zenith Energy Ltd.
Zenith focuses on the acquisition and further development of proven onshore oil and gas fields where production has declined over time, but which are capable of increased productivity following an injection of capital and optimization through its corporate engineering and technical expertise. To maximize shareholder value, Zenith targets acquisitions of production opportunities that offer strong logistics and close proximity to refineries and pipelines. Zenith`s management and directors have extensive international and governmental experience and possess the technical knowledge to execute this strategy.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information or statements. More particularly and without limitation, this news release contains forward-looking statements and information concerning (i) the Company`s goal of acquiring producing properties in Azerbaijan, (ii) the current and future production potential of the properties, (iii) the revenue associated with production and (iv) the pricing and profitability of oil and gas production. The forward-looking statements and information are based on certain key expectations and assumptions made by Zenith, including the ability to execute its strategy and realize its growth opportunities including its ability to finance and execute its plans. Although Zenith believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward looking statements and information because Zenith can give no assurance that they will prove to be correct. By its nature, such forward-looking information is subject to various risks and uncertainties, which could cause the actual results and expectations to differ materially from the anticipated results or expectations expressed. These risks and uncertainties, include, but are not limited to, Zenith being unable to finance or realize growth opportunities. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof, and to not use such forward-looking information for anything other than its intended purpose. Zenith undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
CONTACT: For further information, please contact:Jose Ramon Lopez PortilloChairman of the BoardAndrea CattaneoCEO & PresidentEmail: info@zenithenergy.orgTelephone: (587) 437-1984Telefax: (403) 775-4474
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.Source: Zenith Energy Ltd. via GlobeNewswireHUG#1961969
|
1,421,146,800 |
2015-01-13 11:00:00+00:00
|
{"Bitcoin": [4642]}
|
{}
|
Ziftr and RedDotNet Form Cedar Point Solutions to Simplify Cryptocurrency and Fiat Currency Transactions
|
https://finance.yahoo.com/news/ziftr-reddotnet-form-cedar-point-110000227.html
|
Marketwired
|
http://www.marketwired.com/
|
MILFORD, NH--(Marketwired - Jan 13, 2015) - Ziftr® (http://www.ziftr.com/), a company that develops products, tools and apps to revolutionize the shopping experience, and RedDotNet, a leading manufacturer of small form-factor kiosks, today announced the formation of Cedar Point Solutions, a Hooksett, New Hampshire-based company that aims to simplify cryptocurrency and fiat currency transactions. Cedar Point Solutions is run by founder and CEO George Kassas, a multi-lingual executive with over 25 years of experience in technology, telecom, communications, software applications, analytics and government affairs.
"Cedar Point Solutions merges the sophisticated technologies developed by two prominent and successful New Hampshire companies and brings together the talented entrepreneurs behind them," said Kassas. "We're thrilled to provide a unique solution that will enable financial transactions anywhere, anytime, in any medium."
Established in 2008, Ziftr revolutionizes the shopping experience through the development of innovative products, tools and apps that make life easier for both consumers and retailers. Ziftr's price-comparison tool, which is available as an Android app and browser add-on, has more than 2 million downloads. Ziftr recently launchedziftrCOIN, the gateway coin to mainstream cryptocurrency adoption;ziftrPAY, an API that processes cryptocurrency and credit card transactions, andziftrWALLET, a multicoin digital wallet.
"We can't wait to launch the first Cedar Point Solutions kiosks and give consumers the opportunity to use cryptocurrency in a much easier way than ever before," said Bob Wilkins, CEO of Ziftr. "The kiosks will integrate with the ziftrPAY and ziftrWALLET technologies to simplify the process of buying and transferring cryptocurrencies and converting cryptocurrency into fiat currency."
RedDotNetis a leading custom kiosk manufacturer specializing in purpose-built, highly reliable, small form-factor kiosks. Since its beginnings in 1998, RedDotNet has built a reputation for providing class-leading hardware solutions proven to stand up in the harshest of retail environments. In addition to hardware, RedDotNet offers a full suite of deployment, installation, remote monitoring and maintenance services.
"We're extremely excited to announce the creation of Cedar Point Solutions," said Scott Johnson, managing partner of RedDotNet. "By combining the strengths of our companies, we are poised to bring cryptocurrency to the average consumer in a manner to which they are accustomed with our self-service kiosks. Making the purchase process easy on the consumer is going to be critical to the success of cryptocurrency, and we feel that we have the team and the platform to do just that."
Members of the Cedar Point Solutions team will be in attendance atRetail's Big Show 2015, the National Retail Federation's flagship industry event taking place in New York City from January 11-14, 2015.
About Ziftr®Established in 2008 and based in Milford, New Hampshire, Ziftr revolutionizes the online shopping experience through the development of innovative products, tools and apps that make life easier for both consumers and retailers. The company's first tools, a browser add-on and mobile app that connect shoppers with the best deals at their favorite online retailers, have had more than 2.5 million downloads.
Ziftr is a product of myVBO®, a full-service design, marketing and development company that helps businesses turn their ambitions into realities.
For more information about Ziftr, visitwww.ziftr.com.
About ziftrCOIN™
ziftrCOIN, the first digital currency developed for online shoppers, aims to revolutionize e-commerce by putting cryptocurrency into the hands of consumers and enabling them to conduct simple, secure transactions at their favorite online retailers.
For more information about ziftrCOIN, visit:www.ziftrCOIN.com.
About ziftrPAY™
ziftrPAY is a computer application software that connects credit card processors and cryptocurrency exchanges with retailers to facilitate the processing of consumer transactions. ziftrPAY enables retailers to accept both cryptocurrency and credit card payments without having to view or store the customer's credit card information.
For more information about ziftrPAY, visit:http://www.ziftr.com/retailers/.
About ziftrWALLET™
ziftrWALLET Mobile, the first multicoin digital wallet to combine the security and control of a desktop wallet with the speed and convenience of a cloud wallet, stores multiple cryptocurrencies and traditional fiat currencies in one secure location. While in beta mode, ziftrWALLET Mobile works with Bitcoin, Litecoin and Dogecoin, with other popular altcoins like Primecoin, Peercoin, StartCOIN and ziftrCOIN to be added soon.
For more information about ziftrWALLET Mobile, visithttp://www.ziftrWALLET.com.
About RedDotNet
Based in Carlsbad, California, and Dover, New Hampshire, RedDotNet is a key player in the design, manufacture and deployment of interactive kiosks. The company has deployed over 20,000 kiosks worldwide in a wide range of environments. In the last two years, RedDodNet kiosks were used over 200 million times, and there are units in the field that have been in continuous operation for over 10 years.
For more information about RedDotNet, visit:http://www.reddotnet.com/.
DisclaimerAll statements in this release, other than statements of historical facts that address future ziftrCOIN availability, or developments that the ziftrCOIN expects are forward looking statements. Although the Corporation believes the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward looking statements. Factors that could cause results to differ materially from those in the forward looking statements include, but are not limited to: market volatility; continued availability of capital, financing and personnel; government regulation and laws; and general economic, market or business conditions.
|
1,446,030,120 |
2015-10-28 11:02:00+00:00
|
{"Bitcoin": [2752, 3560, 5098]}
|
{}
|
Mobile Attacks More Vicious Than Ever, New Blue Coat Report Shows
|
https://finance.yahoo.com/news/mobile-attacks-more-vicious-ever-110200031.html
|
Marketwired
|
http://www.marketwired.com/
|
SUNNYVALE, CA--(Marketwired - Oct 28, 2015) - As mobile devices become more deeply woven into the fabric of our personal and work lives, cyber criminals are taking increasingly vicious and disturbingly personal shots at us, according to the2015 State of Mobile Malware ReportfromBlue Coat Systems, Inc., a market leader in enterprise security. Cyber blackmail (mobile ransomware attacks) leads the way as a top malware type in 2015, along with the stealthy insertion of spyware on devices that allows attackers to profile behavior and online habits. The new Blue Coat report,available here, describes the latest trends and vulnerabilities in mobile malware, provides advice for strengthening corporate defenses and educating mobile device users, and offers predictions about the future of mobile threats.
"As we sleep, exercise, work and shop with our mobile devices, cyber criminals are waiting to take advantage of the data these devices collect, as evidenced by the types of malware and attacks we're seeing," said Dr. Hugh Thompson, CTO and senior vice president, Blue Coat. "The implications of this nefarious activity certainly carry over to corporate IT as organizations rapidly adopt cloud-based, mobile versions of enterprise applications, opening up another avenue for attackers. A holistic and strategic approach to managing risk must extend the perimeter to mobile and cloud environments -- based on a realistic, accurate look at the problem -- and deploy advanced protections that can prioritize and remediate sophisticated, emerging and unknown threats."
Summary of Findings:
• Pornography returned as the number one threat vector after dropping to number two last year.
• The three top types of malware in this year's report are Ransomware, Potentially Unwanted Software (PUS), and Information Leakage.
• The mobile threat landscape is becoming more active.
Get Your Cyber Flu Shot: Top Infection Vectors of 2015
[{"1": "3", "": "", "Pornography": "WebAds", "Porn isn't just back on top -- it's bigger than ever -- jumping from 16.55 percent in 2014 to over 36 percent this year. That is, when we see a mobile user's traffic heading to a malicious site, 36 percent of the time that user is following a link from a porn site. To put this in some perspective: when porn led the pack in the 2013 report, it was with a market share of just 22.16 percent.": "Dropped from almost 20 percent last year (2014) to less than five percent this year. These include both malvertising attacks and sites that host Trojan horse apps designed to appeal to porn site visitors. Blue Coat has also tracked and defined suspicious WebAd networks that are heavily involved in malware, scams, Potentially Unwanted Software (PUS), and other shady activities."}]
Bitcoin Payment Now or Lose Your Smartphone Contents: Top Malware Types of 2015
[{"1": "2", "": "", "Ransomware": "Potentially Unwanted Software", "The world of mobile ransomware has grown dramatically over the past year. While some varieties that run on Android devices cause little damage beyond convincing victims to pay the cyber hostage-taker, many have adopted more sophisticated approaches common to ransomware in the Windows environment. With the increased performance capabilities of modern smartphones, it was only a matter of time before more advanced cryptographic ransomware, such as SimpleLocker, started showing up on mobile devices. These threats render music files, photographs, videos, and other document types unreadable -- while typically demanding an untraceable form of payment such as Bitcoin -- and employing a strict time limit for payment before the files become permanently inaccessible to the owner.": "Generally, this class of program exhibits behavior typical of \"adware\" or \"spyware\" -- spying on users' on-line activity and personal data -- or serving extra ads. Blue Coat researchers have seen a major shift in the volume of such software in the traditional malware space -- and this is also true of the mobile space -- as the number of junk mobile apps hosted on sites the researchers classify in this category has been rising steadily. This type of mobile app, notable for its dubious utility, frequently finds its way onto a mobile device through the use of deceptive advertising, or other social engineering attacks designed to deceive the victim into installing the unwanted program."}, {"1": "3", "": "", "Ransomware": "Information Leakage", "The world of mobile ransomware has grown dramatically over the past year. While some varieties that run on Android devices cause little damage beyond convincing victims to pay the cyber hostage-taker, many have adopted more sophisticated approaches common to ransomware in the Windows environment. With the increased performance capabilities of modern smartphones, it was only a matter of time before more advanced cryptographic ransomware, such as SimpleLocker, started showing up on mobile devices. These threats render music files, photographs, videos, and other document types unreadable -- while typically demanding an untraceable form of payment such as Bitcoin -- and employing a strict time limit for payment before the files become permanently inaccessible to the owner.": "Most people are unaware that apps on their mobile device may be watching them -- and reporting out -- on a 24x7x365 basis. This information leakage is usually a minor drip, showing the version of their phone's operating system, the manufacturer, the specific app or browser being used, and similar information. Complicating matters is the fact that there are typically no included system tools available for users to see or know what data is going out of their devices. Whether on an Android or iOS device, leaky data is often openly revealed in the \"User Agent\" string."}]
The Future of Mobile Security:
With no signs of slowing down, the market for mobile devices is booming. Anticipating that millions more of these devices will hit the street in the coming years, Blue Coat makes the following observations and predictions about the future of this trend.
[{"1": "2", "": "", "Mobile payment systems": "Support for traditional PC and mobile platforms", "Mobile payment systems are set to grow, and services including contactless payment methods will incorporate additional security features, such as biometrics or two-factor authentication.": "There are already too many mobile devices vulnerable to a host of threats in use. These devices will almost certainly not receive needed OS updates, and that will drive a market in security solutions that can support both traditional PC and mobile platforms."}, {"1": "3", "": "", "Mobile payment systems": "OTA updates to vulnerable devices", "Mobile payment systems are set to grow, and services including contactless payment methods will incorporate additional security features, such as biometrics or two-factor authentication.": "Mobile carriers and handset makers are already working on plans to fast-track critical OTA updates to vulnerable devices, but the work is slow and it may be some time before this segment of the mobile market matures."}]
To download the Blue Coat Mobile Malware report, including tips for staying safe and advice for strengthening corporate defenses, please visit:www.bluecoat.com/mobile-malware
About Blue Coat SystemsBlue Coat is a leader in advanced enterprise security, protecting 15,000 organizations every day, including 88 of the 100 largest global companies. Through the Blue Coat Security Platform, Blue Coat unites network, security and cloud, providing customers with maximum protection against advanced threats, while minimizing impact on network performance and enabling cloud applications and services. Blue Coat was acquired by Bain Capital in March 2015. For additional information, please visitwww.bluecoat.com.
Blue Coat and the Blue Coat logo are registered trademarks or trademarks of Blue Coat Systems, Inc. or its affiliates in the United States and certain other countries. All other trademarks mentioned in this document are the property of their respective owners.
|
1,470,257,708 |
2016-08-03 20:55:08+00:00
|
{"Bitcoin": [449, 747, 896, 1166, 1334, 1918, 2108, 2215, 2413], "BTC": [458]}
|
{"Bitcoin": [11]}
|
Explaining Bitcoin and Crypto Currency
|
https://finance.yahoo.com/news/explaining-bitcoin-crypto-currency-205508777.html
|
Zacks
|
http://www.zacks.com/
|
On Tuesday, Hong Kong-based exchange Bitfinex reported that it had halted all trade activity due to a security breach. Specifically, hackers took 119,756 bitcoins or about $72 million worth (at the time of attack). In response to the news, value of the crypto currency dropped 20% before recovering its losses.
A crypto currency is a digital currency that is encrypted, or secured in a way that allows it to operate independently of a central bank. Bitcoin (BTC) is considered the first crypto currency, although some form of the concept did exist before its inception. It is however the first decentralized digital currency.
There are still many who do not fully understand bitcoins or virtual currency, so let’s get to the bottom of it.
What is Bitcoin?
As previously mentioned, bitcoin is a crypto currency. It exists only virtually, and a growing number of institutions accept it as payment. Bitcoin was invented by Satoshi Nakamoto, who published a paper on the invention on October 31stof 2008. Many believe that Nakamoto is a pseudonym for multiple people.
It was released in January of 2009, and has since gained recognition and acceptance around the world. Bitcoin was released as open source code, meaning anyone could figure out how it was created. As a result, other crypto currencies started to emerge from 2011 onwards.
Bitcoin is known as an anonymous currency due to the fact that it is possible to send and receive the currency without revealing any personal information. Transactions are tied to a bitcoin address, a series of numbers and letters. All transactions are stored in the so-called blockchain, which records and verifies transactions.
The blockchain ensures that a unit of bitcoin is not spent more than once, and is operated by a network of bitcoin “miners,” who use computers to make the calculations to validate each transaction. As a reward, these miners receive newly issued bitcoin.
Bitcoin is still both controversial and volatile. Towards the end of 2013, China’s central bank prohibited financial institutions from using bitcoins, which dropped its value significantly. Bitcoin hacks such as the one announced on Tuesday have also occurred before, and negatively impact price.
Bitcoin can be purchased both online and offline. Online, transactions occur through buy and sell bids that occur on an exchange. Offline, they can be purchased from an individual or a bitcoin ATM.
Bitcoin Alternatives
As I mentioned, the rise of bitcoin also saw the rise of dozens of alternative crypto currencies as well. These include litecoin, peercoin, primecoin, namecoin, ripple, quark and many others.
Each of these trade at different prices and attract different audiences. Furthermore, they boast certain features that bitcoin does not have. For example, litecoin trades faster than bitcoin, and claims to operate in a way that does not reward miners who have specialized software, aiming to level the playing field.
Bottom Line
Both bitcoin and the idea of crypto currency are still very much in their fledgling state. Although a growing number of institutions now accept them, it still has some ways to go before hitting the mainstream.
Still, the concept of a peer-to-peer currency network that bypasses the need for big banks and governments is enticing to many, and could potentially gain further traction, even if it is not through bitcoin but rather another currency.
Welcome to the joys of the 21stcentury.
Want the latest recommendations from Zacks Investment Research? Today, you can download7 Best Stocks for the Next 30 Days.Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free reportTo read this article on Zacks.com click here.Zacks Investment Research
|
1,390,483,500 |
2014-01-23 13:25:00+00:00
|
{"Bitcoin": [99, 983, 1317, 1362]}
|
{"Bitcoin": [34]}
|
Jamie Dimon Goes On The Attack On Bitcoin
|
https://finance.yahoo.com/news/jamie-dimon-goes-attack-bitcoin-132528619.html
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Business Insider
|
http://www.businessinsider.com/
|
jamie dimon bitcoin CNBC "It's a terrible store of value." The fact that we're still talking about Bitcoin seems to suggest that it has some staying power. However, Jamie Dimon believes its standing as a currency will eventually end. Dimon, who is the CEO of JP Morgan, spoke with CNBC's Andrew Ross Sorkin about the so-called digital cryptocurrency. And he went on the attack. "It's a terrible store of value," said Dimon. "It could be replicated over and over." That speaks to the logistical issues. But what's worse is arguably the regulatory hurdles. "It doesn't have the standing of a government," added Dimon. "And honestly, a lot of it — what I've read from you guys — a lot of it is being used for illicit purposes. And people who will get upset with it is governments. Governments put a huge amount of pressure on banks: know who your client is, did you do real reviews of that. Obviously it's almost impossible to do with something like that." However, Dimon doesn't think Bitcoin will go away altogether. "They will eventually be made as a payment system to follow the same standards as the other payment systems and that will be probably be the end of them," he said. This is coming from someone who is arguably one of the most powerful bankers in the world. More From Business Insider An Introduction To Bitcoin A Group Of Miners Has Exposed One Of Bitcoin's Fatal Flaws Warren Buffett Will Give You $1 Billion If You Fill Out A Perfect 'March Madness' Bracket
|
1,470,264,874 |
2016-08-03 22:54:34+00:00
|
{"Bitcoin": [1555]}
|
{}
|
Biggest bitcoin hack since Mt. Gox revolves around “cold storage”
|
https://finance.yahoo.com/news/bitcoin-hack-bitfinex-cold-storage-bitgo-cftc-225434534.html
| null |
https://guce.yahoo.com/terms?locale=en-US
|
You might have seen themanyscreamingheadlinesabout the digital currency bitcoin “plunging” or “plummeting” after a major exchange was hacked. Indeed, the price of bitcoin fell as much as 16% on Tuesday, hitting a low of $512, but it has since rebounded back up to $590. The bitcoin exchange that was hacked, Bitfinex, may not be as lucky.
Hackers stole nearly 120,000 bitcoins from Bitfinex, which is based in Hong Kong and is the largest bitcoin exchange in the world by USD volume. (The nextlargest bitcoin exchangesare itBit,Coinbase, and btc-e.) The coins amounted to about $65 million at the time of theft. Bitfinex had seen just over $400 million worth of trading volume in the past 30 days, putting it first among the many bitcoin exchanges out there now.
Bitfinex halted all trading and said in a statement that it is “continuing to investigate the hack and cooperating with authorities and the top blockchain analytic companies in the space to track the stolen bitcoins.” But it’s unlikely it can ever get the stolen coins back; the problem with a bitcoin transaction is that it’s irreversible. Oneuser on Reddit posted after the hack, “My entire life savings for last 12 years are/were in btc balance on bitfinex… Looks like I could be financially ruined.”
Ironically, the hack potentially could have been avoided if Bitfinex had been securing customer coins using “cold storage.” It is ironic because the currency’s entireraison d’etreis to be digital money, and yet it is most securely protected using the physical, offline world.
To explain: Bitcoin transactions have to be made using multiple private “keys.” A key is simply a string of numbers and letters that are specific to one user. When you want to buy or sell bitcoins, you typically need to type in more than one of your keys to authenticate the transaction. “Cold storage” does not actually refer to literally storing your bitcoins offline (you can’t store them anywhere, since they are not tangible) but to keeping one or more of your “keys” offline, written somewhere not connected to the Web in any way.
Not so long ago, if someone wanted to go rob a bank, they had to go into the bank in person. But as Darin Stanchfield, CEO of bitcoin hardware wallet maker KeepKey, says, “These systems are all online now. So it’s not just bitcoin, every system has these vulnerabilities.”
In the case of bitcoin, you can choose how many different keys you have, and if an attacker can hack into a connected computer, then it doesn’t matter if you have two keys or six. Put simply, the hacked machine is already communicating with the other machines that have keys, so a hacker can easily see where else to attack to get the other keys. Unless you have a key saved or written somewhere off the grid, in “cold storage,” which simply means stored somewhere in the physical world, somewhere the Internet can’t see it.
KeepKey sells a simple $99 fob that communicates with the Internet, receiving a private key when you’d like to make a transaction. It’s the same concept as companies that issue fobs to access work e-mail remotely. Without the physical fob, the transaction won’t go through.
KeepKey says that in the last 24 hours after the Bitfinex hack, it sold more than double its daily sales average in cold-storage fobs.
Alternate forms of cold storage for a bitcoin key could be: on a notepad in your apartment; on a piece of paper in your wallet (a “paper bitcoin wallet”); written on some other physical item; on a USB drive (though those have their own security issues and can be dirty with viruses); or online, but in some other encrypted format where the encryption key is saved offline.
Bitfinex did originally use the cold storage method. But after the U.S. Commodity Futures Trading Commission (CFTC) charged it with facilitating illegal off-exchange commodities trading,Bitfinex settled in June and paid a $75,000 fine. As part of the settlement, Bitfinex switched its security system to “segregated multi-sig” (multi-signature, where keys are divided up among multiple owners to mitigate risk) wallets protected by an outside security provider, BitGo. Lo and behold, two months later, it got hacked.
Under the new Bitfinex security system, BitGo held one key for every account, and Bitfinex held the other two. When hackers withdrew the stolen funds from Bitfinex, BitGo auto-approved the withdrawal of the 120,000 coins. That shouldn’t have happened, but Bitfinex has taken blame for the hack and insisted BitGo was not at fault. BitGo also cleared itself on Twitter, butone Reddit user charged that BitGo, “is selling a false sense of security.”
BitGo sent Yahoo Finance this statement about its involvement: “The protection of our customers’ systems is our top priority. We are working with Bitfinex and law enforcement to investigate and swiftly resolve this matter. Based on the investigation thus far, there is no indication that BitGo servers have been compromised. We will maintain close contact with our customers and provide updates as appropriate.”
Many in the bitcoin community have blamed the CFTC for the hack—a narrative that appeals to bitcoin people for obvious reasons, because many are ideologically anti-regulation, and the idea that U.S. regulation, enforced by people who may not understand the digital currency world so well, actuallycauseda hack, helps the notion that regulation is hurting this industry.
In a blog post, the folks at the nonprofit advocacy group Coin Center say thatthe CFTC is not to blame for the Bitfinex hack. It also says multi-sig, the method Bitfinex switched to from cold storage, isn’t to blame either. “Cold storage and multi-sig are just different security models. The relative security of one or the other is entirely dependent on how they are implemented,” writes Coin Center’s head of research Peter Van Valkenburgh. “I could put keys to a pooled wallet on a USB drive and hide it in my five-year-old niece’s dollhouse. That storage is cold (the dollhouse doesn’t have Wi-Fi) but it’s also a terrible idea. Also, I could create a multi-sig wallet and hand all of the multi-sig keys to my niece. This is also a really lousy plan, but neither scenario tells us about the relative safety of one security technology vs the other—only the implementation.”
That all may be true, but it doesn’t mean Bitfinex’s implementation was strong.
It’s still being hotly debated who exactly is to blame—the CFTC, BitGo, Bitfinex, or some combination. But after a hack of this magnitude, it’s hard to understand why any bitcoin exchange site would use any other security method than cold storage.
This was hardly the first bitcoin hack in a long time.Attacks and hacks happen in the bitcoin world every few monthson varying scales. Last year, bitcoin exchangesCryptsy, Kraken, and OkCoin were all hitby distributed denial-of-service (DDoS) attacks. In June, the decentralizedDAO network, which runs on the Ethereum blockchain, was hacked, losing $50 million worth of ether coin. In July, the Slovenian exchange Bitstamp was hacked for $5 million.
But the Bitfinex hack represented the largest loss of coins since Mt. Gox.
Bitfinex may not get the chance to fix up its security. After a theft of $460 million in 2014, the leading bitcoin exchange Mt. Gox shut down for good.
Bitfinex might be able to stay in business, but the challenge could be more about retaining customer confidence than logistical. “There’s no way those funds are recoverable unless they actually catch the attacker, so they might have to shut down,” says Stanchfield. “I think you’ll see Bitfinex users disperse, and even out among the other exchanges, and that’ll be a good thing. Because you have to avoid the Too Big to Fail problem.”
—
Daniel Roberts is a writer at Yahoo Finance, covering sports business and technology. Follow him on Twitter at @readDanwrite.
Read more:
I got six parking tickets in NYC in one week– and beat them all
Meet the Reddit-like social network that rewards bloggers in bitcoin
Why Ethereum is the hottest new thing in digital currency
Here’s why 21 Inc. is the most exciting bitcoin company right now
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1,470,265,440 |
2016-08-03 23:04:00+00:00
|
{}
|
{"Bitcoin": [0]}
|
Bitcoin value plummets after Hong Kong exchange hack
|
https://finance.yahoo.com/news/bitcoin-value-plummets-hong-kong-230427575.html
|
Yahoo Finance Video
|
https://finance.yahoo.com/
|
There has been another big bitcoin hack, and it looks like the biggest one since the infamous hack of Mount Gox back in 2011. This time, $65 million worth of bitcoins were stolen from the exchange Bitfinex. The price of bitcoin fell more than 8% after the hack. Here’s exactly what happened.
|
1,421,157,660 |
2015-01-13 14:01:00+00:00
|
{"Bitcoin": [240, 3422]}
|
{}
|
Avra, Inc. Engages SightSpan as Global Risk, Security and Compliance Consultants
|
https://finance.yahoo.com/news/avra-inc-engages-sightspan-global-140100947.html
|
Marketwired
|
http://www.marketwired.com/
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GREENVILLE, SC--(Marketwired - Jan 13, 2015) - Avra, Inc. ( OTCQB : AVRN ) ("Avra" or the "Company"), a development stage company engaging in the business of product innovation and activation of merchant and consumer commerce in the global Bitcoin-related digital currencies market, is pleased to announce that it has engaged SightSpan, Inc. ( "SightSpan" ) , a provider of risk management and security solutions, to oversee the development of the Company's compliance policy and related activities. Mr. John Walsh, SightSpan CEO will personally act as the Company's Consulting Compliance Manager. SightSpan ( www.SightSpan.com ) will work closely with Avra's management team, in developing Anti-Money Laundering and Office of Foreign Assets Control (AML/OFAC) policies, compliance training plans, risk assessment and risk management practices of the Company. This will further include implementing a number of related strategies aimed at building and positioning the Company as a trusted brand leader in this developing industry. "Speaking on behalf of the growing team here at Avra, we are extremely pleased that SightSpan has joined with us. Their extensive experience in the compliance field will be a high value asset." stated Steve Shepherd, Avra, Inc., CEO. "We believe SightSpan brings a dynamic team able to operate nimbly in this emerging sector, and with Mr. Walsh at the helm, we are confident that Avra can achieve a leading role at the forefront of industry development. He has proposed a well-considered, efficient and managed approach to risk whilst ensuring ongoing and airtight compliance." "For the marketplace to adopt digital assets, the use of bank-grade security, advanced risk management techniques and globally accepted compliance solutions have to be firmly in place," stated Mr. Walsh. "This is an absolute must-have for digital currencies and related assets in order to build trust and emerge as a common financial instrument. We are really pleased to join the Avra team at this early stage in order to guide and strengthen the Company's global compliance risk management strategy." About SightSpan, Inc. SightSpan, Inc. ( www.SightSpan.com ) is a multinational risk management advisory group with international expertise focused on risk management and security matters. SightSpan services include conducting AML/BSA reviews and providing technical consulting and stress testing services for banks, money service businesses and non-financial organizations, government and law enforcement agencies. They also train and provide consulting services to more than 10,000 financial professionals, law enforcement personnel and government agencies staff around the world. The SightSpan team has conducted over 500 independent examinations of Anti-Money Laundering and Bank Secrecy Act Compliance programs for a wide range of financial and non-financial businesses and their associates have testified as expert witnesses, and have taught complex money laundering and Bank Secrecy Act investigative techniques to enforcement agencies around the world. Story continues About Avra, Inc. ( OTCQB : AVRN ) Avra, Inc. is focused on solutions in the digital currency markets, particularly in the provisioning of payment solutions to businesses worldwide. The Company's business model is divided into four distinct categories: AvraPay: to develop a complete, turn-key and painless way for merchants to process Bitcoin payment transactions; AvraATM: to promote usage and acceptance of digital currencies through the Company's proposed network of ATMs; AvraTourism: to provide cryptocurrency payment processing solutions for high volume merchants such as hotels and casinos; AvraNews: to provide a news portal focusing on digital currency news. For more information about the Company please visit: www.avraglobal.com . Additional information regarding Avra, Inc. and its filings can be found at www.sec.gov . Forward Looking Statements Some information in this document constitutes forward-looking statements or statements which may be deemed or construed to be forward-looking statements, such as the closing of the share exchange agreement. The words "plan", "forecast", "anticipates", "estimate", "project", "intend", "expect", "should", "believe", and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve, and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (financial or operating) or achievements to differ from the future results, performance (financial or operating) or achievements expressed or implied by such forward-looking statements. The risks, uncertainties and other factors are more fully discussed in the Company's filings with the U.S. Securities and Exchange Commission. All forward-looking statements attributable to Avra Inc., herein are expressly qualified in their entirety by the above-mentioned cautionary statement. Avra Inc., disclaims any obligation to update forward-looking statements contained in this estimate, except as may be required by law. View comments
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1,470,272,327 |
2016-08-04 00:58:47+00:00
|
{"BTC": [1586]}
|
{}
|
Bitfinex disables trading on exchange after hack
|
https://finance.yahoo.com/news/bitfinex-says-following-hack-disable-001401867.html
|
Reuters
|
https://www.reuters.com/
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By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - Hong Kong-based digital currency exchange Bitfinex said late on Wednesday that after a security breach on its website it will temporarily disable trading, deposits and withdrawals. The announcement was made on its website. Bitfinex also said it was working to restore limited service to its trading platform. The firm runs one of the largest exchanges for trading bitcoin and other digital currencies such as ether, and litecoin. On Tuesday, Bitfinex announced it discovered a security breach, with about 120,000 bitcoins, or roughly $70 million, stolen from customer accounts. The company said only the bitcoins were stolen. The theft at Bitfinex is the second largest bitcoin heist from an exchange since Tokyo's MtGox lost about $350 million bitcoins in early 2014. MtGox's loss eventually forced it to file for bankruptcy protection. "To accommodate the relaunch, all withdrawals, open orders, and open funding offers will be cancelled," said Bitfinex. "Furthermore, in order to compute losses for relevant parties, settlement of all financed positions will occur in all accounts." Zane Tackett, Bitfinex's director of community and product development, said on social media website Reddit that the company is "settling all positions, not liquidating." He added that the investigation on the bitcoin theft is still ongoing. The bitcoin price fell significantly in the aftermath of Tuesday's security breach. On Tuesday, after Bitfinex confirmed the theft, bitcoin fell 11 percent. It has since recovered, and last traded at $566.79 (BTC=BTSP) on the BitStamp platform. (Reporting by Gertrude Chavez-Dreyfuss; Editing by Leslie Adler and Sandra Maler)
|
1,470,282,600 |
2016-08-04 03:50:00+00:00
|
{"Bitcoin": [32, 143, 231, 380, 577, 738, 1849], "BTC": [756, 963]}
|
{"Bitcoin": [0]}
|
Bitcoin Plunges, Hong Kong Exchange Says Millions Stolen in Hacking
|
https://finance.yahoo.com/news/bitcoin-plunges-hong-kong-exchange-035000917.html
|
DailyFX
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http://www.dailyfx.com/
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DailyFX.com -
Talking Points:
• Bitcoin extends fall as news of an exchange hack reignited cybersecurity fears with cryptocurrencies
• Chinese Bitcoin exchange halts trading to investigate hack resulting in $65 Million in losses
• Bitcoin prices rebound on open exchanges following the hack, only one exchange was effected
Having trouble trading Foreign Exchange? Thismay be why.
Bitcoin suffered one of its worst declines in years through the open of this week. News that trading was halted on “Bitfinex” exchange after a hack resulting in $65 million theft unnerved traders. Bitcoin fell a little over 24 percent through Tuesday’s low following the announcement of the hack. Bitfinex remains closed, howeverforthough open exchanges the Bitcoin-USD pair (BTC/USD) rallied by more than 20 percent from lows through Wednesday. The hacked exchange is expected to remain closed for the next few days as investigations continue to uncover more information. Volume in BTC/USD trading spiked significantly through the decline and on the news of the hack. Average volume on for the cryptocurrency pair on the Bitstamp exchange rose to more than 22,000 on Tuesday and over 15,000 Wednesday – the 20-day average before these large movements was a comparatively restrained 4,400.
Cybersecurity remains a chief concern for the cryptocurrency and its numerous exchanges worldwide, as it is traded and used entirely over a network.The recent hack on the Hong Kong exchange is not the first. The largest bitcoin exchange in the world “Mt. Gox”, filed for bankruptcy in 2014 and admitted to being hacked, resulting in the loss of $460 Million in bitcoin. The cryptocurrency has become extremely popular since it was first introduced 7 years ago, to better understand its role in the financial markets check out DailyFX’sForex Trading Instructor Tyler Yell piece onBitcoin.
original source
DailyFXprovides forex news and technical analysis on the trends that influence the global currency markets.Learn forex trading with a free practice account and trading charts fromFXCM.
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1,446,053,564 |
2015-10-28 17:32:44+00:00
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{"Bitcoin": [3605]}
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{}
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Consumer growth lagging as mobile payments battle rages on
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https://finance.yahoo.com/news/mobile-payments-battle-ignores-consumers-153148537.html
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Yahoo Finance
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http://finance.yahoo.com/
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The battle over the future of consumer payments raged on at the Money 20/20 conference in Las Vegas this week, just without consumers, most of whom seem quite content to keep swiping their credit cards or handing over cash instead of adopting the latest in mobile payment technology.
JPMorgan Chase (JPM) announced thatit would offer its own smartphone-based payments serviceto compete head on with Apple (AAPL), Google (GOOGL), Samsung and others. Scheduled to arrive in the middle of next year, Chase Pay will be available for all 94 million of the bank's credit and debit card customers. And Chase has signed on a huge array of retailers -- from Walmart (WMT) to CVS Health (CVS) and Target (TGT) — that haven't supported other programs.Samsung said14 more banks had joined its payments serviceincluding Chase, SunTrust Banks (STI) and PNC Financial Services (PNC). It didn't disclose how many U.S. customers had signed up for the service in its first month but said participating consumers made an average of eight transactions. The company said three out of four transactions used Samsung's unique magnetic secure transmission, or MST, technology, which works at almost any checkout terminal by mimicking an ordinary credit card swipe.
"We are seeing early signs of customer adoption and we are very, very encouraged by that," Thomas Ko, general manager of Samsung Pay, told the conference on Wednesday.Apple didn't speak at the conference. Meanwhile, Sridhar Ramaswamy, senior vice president at Google overseeing Android Pay, offered few details on the early performance of that service, revealing only that "millions" of users have signed up for Android Pay since the program launched Sept. 10.
When it comes to convenince, cash and credit ruleDespite all the talk of mobile payments, consumers are still sticking with their more traditional forms of payment. Two thirds of consumers used cash on a daily basis, 59% used a debit card and 50% used a credit card, according to a survey by Accenture. Only 8% said they used Apple Pay or Google Pay, the prior name of Android Pay, "regularly," while 16% said they used PayPal.
Less than 1% of transactions used Apple Payat American Eagle Outfitters (AEO), an early Apple supporter, Joe Megibow, American Eagle's chief digital officer, revealed on Monday.The reasons are fairly obvious — cash and credit cards are quick and convenient ways to pay that are accepted almost everywhere. Some mobile payments systems work only at a small fraction of all stores, others work with only certain credit cards and none are as convenient as a traditional credit card yet. "We're still plagued by how is this really different in the end from plastic," Greg Weed, director of research at Phoenix Marketing, said.Asked what they'd like to see added to mobile payments services, 64% of consumers said they want to be able to redeem loyalty or rewards program points at the time of purchase, Weed said. And 52% said they wanted the ability to view discounts and deals while at a specific store. All of the announced services have pledged to include loyalty and rewards programs but very few have been offered so far.
Consumers are "looking for something beyond the digitization of the swipe," Brian Mooney, CEO of the Merchant Customer Exchange, said. The three year old group, formed by leading retailers, is piloting its own payments app, called CurrentC, which intends to integrate loyalty and rewards programs. Mooney didn't say when the long-delayed service would be generally available but the group is also partnering with Chase's new service.
The evolution of BitcoinAmid all the excitement around digital payments, there was still plenty of talk about the financial world's favorite cryptocurrency, bitcoin. But unlike past years, entrepreneurs are now focused less on bitcoin as a replacement for buying and selling goods and more on the digital currency's infrastructure for securely recording all kinds of dealings.
Every bitcoin transaction is recorded in a public ledger known as the blockchain.Nasdaq (NDAQ) announced that its pilot using the blockchain to record private stock transactionswas a success. The exchange said it had signed up six clients, including messaging service Tango and data security specialist Vera, to use the transaction system as the basis for actual private trades in their shares.Some entrepreneurs are looking to add considerably more transactions onto the block chain, particularly the trillions of dollars per day of trades in public stocks and bonds. The current system makes traders wait three days for transactions to formally settle, but some at the Money conference said a blockchain-based solution could complete deals in a fraction of the time and with improved security and transparency.Three day settlement is "silly, it's downright dumb," famed venture capitalist Vinod Kholsa, who has backed numerous financial technology and bitcoin related start ups, said.
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1,446,063,363 |
2015-10-28 20:16:03+00:00
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{"Bitcoin": [6268]}
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{}
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NatGas Investing Not For Faint Of Heart
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https://finance.yahoo.com/news/natgas-investing-not-faint-heart-201603074.html
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etf.com
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https://www.etf.com/
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Commodities have been doing horribly; that's not news to anyone. But in a space where prices have continually sunk to new lows across the board, one commodity has managed to outdo them all―natural gas.
The worst-performing commodity of the year, natural gas, is down 30 percent in 2015. Due to the ill effects of roll costs from contango, theUnited States Natural Gas Fund (UNG | B-94)has done even worse, losing 35 percent of its value.
At the same time, equities tied to natural gas have been decimated year-to-date, with theFirst Trust ISE-Revere Natural Gas ETF (FCG | B-95)losing a whopping 46 percent.
YTD Returns For Natural Gas Futures, UNG, FCG
Unrelenting Production Growth
The problem for natural gas is simply that the country has too much of it. Despite the fact that prices are close to the lowest levels in more than a decade below $2/mmbtu, production hasn't flinched. According to the latest data from the Energy Information Administration, output in the U.S. stood at a near-record 81.7 billion cubic feet/day as of last week, up 3 percent from a year ago.
U.S. Lower 48 Natural Gas Production (bcf/d)
To many, that statistic is confounding. Drilling activity in the energy patch collapsed during the past year due to the simultaneous decline in oil and natural gas prices. Surely that would impact production.
At least for oil, it is having an impact. Output of crude in the U.S. is down more than 5 percent from its peak levels. For natural gas, the story is obviously very different.
Large natural gas producers like Range Resources and Southwestern Energy continue to report all-time-high production levels, while calling for more growth in the future. The only takeaway is that the marginal cost of natural gas production is much lower than anyone had imagined.
Demand Disappoints
On the other side of equation is demand, and it's been somewhat disappointing. Industrial demand is actually down marginally this year in spite of the growing economy.
On the other hand, electric power demand has surged, rising nearly 20 percent year-over-year through July. However, the increase is a reflection of significant amounts of coal-to-gas switching and not something that will be repeated year after year.
Because natural gas prices are currently so low, when possible, utilities have switched from burning coal to burning gas. The move has decimated the coal industry, which simply can't compete with relatively clean and abundant natural gas. The largest coal producers in the U.S., such as Peabody Energy and Arch Coal, are all on the verge of bankruptcy, with stock prices close to zero.
(Incidentally, the two ETFs tied to the coal industry have held up better than one might expect thanks to their international exposure. TheMarket Vectors Coal ETF (KOL | C-5), which holds coal producers from around the world, is downonly41 percent this year, while theGreenHaven Coal ETF (TONS | F), which holds European coal futures contracts, is down 17.3 percent.)
YTD Returns For BTU, ACI, KOL, TONS
Most of the short-term switching that can be done from coal to gas has already been done. Going forward, natural gas will likely continue to take market share from coal, but at a slower pace.
Inventories Bloated
The combination of robust supply and a mixed demand picture has kept upside pressure on natural gas inventories. As of last week, stockpiles stood at 3,814 billion cubic feet, 12 percent higher than last year.
From a seasonal perspective, inventories tend to peak around early November before steadily declining through March as the winter-heating season boosts demand.
However, with weather forecasts calling for warmer-than-normal temperatures for the next couple of weeks, inventory builds could continue for a while longer. It's very likely that in the coming weeks, stockpiles will surpass the record-high of 3,929 bcf set in 2012.
Long-Term Exports & DemandGiven this dismal outlook for natural gas, is there any hope of a turnaround in the future? Probably not in the short term. Longer term, it's possible, but that hinges on a few factors. Any recovery will have to come from the demand side, because it certainly doesn't look like supply will be slowing down anytime soon.
The biggest area of potential gains is in the electric power segment and the liquid-natural-gas export segment. As stated previously, increases in demand for power generation will be smaller than they were this year, but that's a steady source of growth that is likely to continue as utilities transition from dirty coal toward cleaner natural gas.
Meanwhile, the U.S. market may get some supply relief as other countries take some of this abundant resource off its hands. In January, Cheniere Energy plans to ship its first cargoes of liquefied natural gas, kicking off a new era of U.S. natural gas exports. This is a sharp reversal from years past when the U.S. was a net importer of the fuel.
From current levels around zero, exports may rise to 8.5 billion cubic feet per day by 2019, according to Charles Blanchard, an analyst at Bloomberg New Energy Finance. That represents about 10 percent of current production, and in combination with demand gains in the power sector, could be enough to fuel a meaningful rebound in prices.
Playing The Bounce
If that happens, natural gas equities will surely follow suit―though it could take a few years for this bullish scenario to develop. The aforementioned FCG, an equal-weighted exchange-traded fund comprising natural gas producers, is the best pure-play ETF on the market.
With a basket of equities, an investor doesn't have to contend with the hazards of holding futures, which will take a big bite out of an ETF’s returns like UNG over longer time periods.
FCG could certainly decline further from here―it's been a falling knife until now. In a worst-case scenario, the natural gas market could remain mired at low levels for years, as it did in the 1990s.
That's the risk an investor has to contend with. But buying into one of the most hated commodities in the market is a high-risk/high-reward bet, best suited for only the most daring investors.
Contact Sumit Roy atsroy@etf.com.
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