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Archive for August 2014

70,000 Caribbean Island Residents to Receive Bitcoin in 2015

70,000 Caribbean Island Residents to Receive Bitcoin in 2015

All 70,000 residents living on the Caribbean nation of Dominica will be eligible to receive bitcoin as part of ‘The Bit Drop’ project, an upcoming collaboration between bitcoin businesses, interest groups and local government officials. Scheduled to take place on 14th March, 2015, The Bit Drop will feature an island-wide party boasting ‘celebrities, musicians and…

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Leading Devs Speak Out Against NY's BitLicense Proposal

Leading Devs Speak Out Against NY's BitLicense Proposal

New York’s proposed bitcoin regulations have been the subject of increasing criticism in recent weeks, with a wide variety of industry leaders coming forward to criticize the laws for their lack of clarity and for putting up unnecessary obstacles to the ecosysem’s future growth. One element of the BitLicense proposal that has proved controversial is how…

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Altcoin News: SYNC, Ivy League Alt & Lemurcoin

Altcoin News: SYNC, Ivy League Alt & Lemurcoin

There are plenty of fresh faces and seasoned coin networks taking the altcoin world by storm these days, offering plenty of excitement (both the good and the bad kind) for those involved. Between the market fluctuations, of course, are the interesting and, at times, one-of-a-kind threads that make the alt scene what it is. For…

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New Altcoin Promotes Fitness with 'Proof of Sweat'

New Altcoin Promotes Fitness with 'Proof of Sweat'

Mining bitcoins chews up a lot of computing power for no other purpose than to sustain the network. Wouldn’t it be useful to mine cryptocurrency in some other, more productive way? Now a team of Serbian developers has tried to crack the problem with a proof-of-concept altcoin that lets you mine coins simply by exercising. Mangocoinz was launched…

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Why We Need All The Altcoins We Can Get

Why We Need All The Altcoins We Can Get

Did you know that more than one altcoin is launched per day, on average? Website Altcoin Calendar keeps a running total: one day this week we’d had linkcoin, onyxcoin (version 2, no less), xryptbit, and limicoin. The day before that, we saw the birth of bizcoin, shopcoin x, filebit, and, predictably given the political situation, palestinecoin. The…

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BitHalo: Smart Contracts Without The Block Chain Bloat

BitHalo: Smart Contracts Without The Block Chain Bloat

Bitcoin transactions have been called a “trustless” process, in that the nature of the network removes the need for a middleman to act as a central point of trust between the two exchanging parties. Yet outside of pure peer-to-peer transactions, bitcoin usage requires a great deal of trust in platforms and services that are vulnerable…

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New Conference to Highlight Isle of Man's Growing Bitcoin Economy

New Conference to Highlight Isle of Man's Growing Bitcoin Economy

Lieutenant Governor and the British Queen’s personal representative Adam Wood is set to headline the first annual Crypto Valley Summit on the Isle of Man next month. The event, set for 17th and 18th September, will spotlight a diverse crowd of bitcoin thinkers, government representatives and business leaders will include BTC China founder and CEO…

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Why Japan Fell in Love with Monacoin, the Cat Meme Cryptocurrency

Why Japan Fell in Love with Monacoin, the Cat Meme Cryptocurrency

Never mind the cute Shiba Inu of dogecoin, people in Japan are falling for a new Internet meme-based cryptocurrency – the locally invented and cat-logoed ‘monacoin’. While it has only about a third the market cap of dogecoin, the scrypt-based monacoin held a 12th place ranking for the past week on Coinmarketcap and was in the top 10 on Cryptocoinrank with a…

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The Promise and Pitfalls of Crypto Crowdfunding

The Promise and Pitfalls of Crypto Crowdfunding

CoinSummit London saw a number of notable speakers, panels and announcements during its two-day run this July, but those issued by Swarm, a crowdfunding platform that seeks to use cryptocurrency to empower industry businesses, may have passed under the radar. During a party to celebrate its efforts, Swarm announced campaigns for several initiatives, including an effort called SpaceBit that seeks to send…

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