Tag Archives: Bitcoin

BitPay’s Copay Team Broadcasts First Multisig Transaction

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“Many think it’s the future of bitcoin, and for a good reason.  In short, multisignature transactions are unique in that they allow for more than one private key to control a wallet address. At present, most users deal with one public address, and one public.  The issue with that is that it becomes incredibly easy to lose access to funds should the private key become compromised.  BitPay’s Bitcore team recently announced that a multisignature wallet, dubbed Cosign, was in development. It’s since been re-named to Copay, and all six of the software’s developers have come together in Tucuman, Argentina to create a prototype.”

http://newsbtc.com/2014/04/18/bitpays-copay-team-broadcasts-first-bip32-p2sh-multisig-transaction-argentina/

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Bitcoin Miner Taps Dad’s Austrian Power Plant in Virtual-Money Hunt

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“Alex Wilhelm is a bitcoin miner, one of thousands who use computers to solve complex math problems and get their hands on the digital currency. The expatriate living in Tokyo has 30 remote-controlled servers mining virtual gold in an old brick building in the Austrian countryside. His father is donating the electricity, which comes from a water-driven turbine that survived a World War II bombing raid and once powered the entire village of Tattendorf, where Wilhelm grew up.   While the operation is modest as mining farms go, it illustrates a basic point: the race to uncover cyber cash has become so energy intensive that power bills now make it mostly unprofitable.”

http://www.bloomberg.com/news/2014-04-16/bitcoin-miner-taps-dad-s-power-plant-in-virtual-money-hunt-tech.html

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Stefan Molyneux on Shutting Down Government with Bitcoin

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“Stefan Molyneux and David Seaman talk about making the present incomprehensible to the future, the elimination of fiat currency, using Bitcoin to end war, and why you can’t buy votes with Bitcoin.”

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New Colorado Marijuana Vending Machines Will Accept Bitcoin

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“The first machine that can be accessed directly by consumers was finally unveiled at an invite-only event in Colorado last week.  Billed as the first marijuana vending machine in America, the ZaZZZ unit is perhaps more accurately described as the first machine that will not be placed behind a sales counter. It offers a number of novel compliance features, including a driver’s license reader and a camera that captures video of users.  ZaZZZ machines also have another notable feature: they accept only a limited number of payment options including the ZaZZZ Card, cash, and perhaps most notably, bitcoin.”

http://www.coindesk.com/new-colorado-marijuana-vending-machines-accept-bitcoin/

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Mt. Gox Suitors Launch Last-Ditch Bid To Revive Bitcoin Exchange

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“U.S. investors seeking to revive Mt. Gox have launched a last-ditch effort to convince a Japanese bankruptcy court to support their proposal after the failed bitcoin exchange announced it would abandon a rehabilitation plan and instead move to liquidate its assets. As part of this effort, the investor group has launched a website, savegox.com, to explain its proposal and create a mechanism for Mt. Gox’s 127,000 creditors to express their support for it.  The group’s proposed new exchange would be led by John Betts, who built electronic trading platforms at Goldman Sachs Group Inc. and Morgan Stanley in New York.”

http://online.wsj.com/news/articles/SB10001424052702304810904579507980740114154

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Atlantic Council, Bitcoin: The Future of Currency?

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“Please join us for a discussion with Jason Healey,Director, Cyber Statecraft Initiative; Kevin Houk, Bitcoin Miner; and Ronald Marks, President, Intelligence Enterprises LLC on April 11th at 10:30 a.m.”

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Wall Street’s Fair Value of Bitcoin – Inside Bitcoins NYC 2014

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“An increasing number of Wall Street firms are beginning to make make forecasts about the price and impact of Bitcoin. From Merrill Lynch’s 14 page research report that implied a fair value of $1,300 for Bitcoin, to Wedbush Securities prediction that Bitcoin represents a long term threat to Visa and MasterCard, Wall Street is taking notice. Thought leaders from Wall Street will discuss the new frameworks they’re developing to understand Bitcoin, the potential value of the crypto currency, and the global impact they’re telling clients that Bitcoin could have across the global financial, technological, and consumer landscape.”

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Megaupload founder wants official cryptocurrency

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“The Internet Party, an unregistered political party in New Zealand founded by German-Finnish entrepreneur Kim Dotcom, earlier this year, has made clear that, along with cheaper internet and more tech jobs, the party wants to introduce a cryptocurrency for international transactions that would work in parallel with the existing New Zealand dollar.  The Internet Party’s proposed cryptocurrency would be ‘safe, secure and encrypted, providing for instant international transactions at minimal cost,’ according to the party’s website.  Vikram Kumar, Chief Executive of the Internet Party, said that the proposed currency would not be outside of the New Zealand tax system.”

http://cointelegraph.com/post/megaupload_founder_wants_official_cryptocurrency

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Does Anti-Money-Laundering Work? Rick McDonell of FATF Answers

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“Can you put in place effectively a system that identifies who is sending what to whom? In terms of virtual currencies that remains the same.  [..]  One significant issue is identification of the beneficial ownership of trusts, entities and companies, the ability of criminals to hide behind a corporate veil or some other legal instrument. That is a challenge we are dealing with. We have a new standard in place for that, and it will be tested in practice very shortly. That will require much closer cooperation between different arms of government that haven’t perhaps had to work together before. I would put that down as a significant challenge going forward.”

http://blogs.wsj.com/riskandcompliance/2014/04/08/does-anti-money-laundering-work-rick-mcdonell-of-fatf-answers-critics/

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The Bitcoin Phenomenon – Bitcoin Documentary

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http://vimeo.com/89806675

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