Litecoin Electrum Beta Testing

By Ugene CheungNews

Electrum is arguably the most well known Hierarchical Deterministic (HD) wallet, fully implementing BIP0032. An HD wallet generates all Bitcoin addresses using a specific algorithm from a single seed. A seed is the starting point and can be anything. Further, as Electrum is a ‘Type 2’ HD wallet, the seed from which all key pairs…

April 12, 2014

Details

The US Congress Examines Bitcoin

By Ugene CheungNews

The Bitcoin economy will be drastically different a year from now, as it is much different today than it was a year ago. Washington will have a huge effect on what direction the Bitcoin markets move, as Congress and regulators shape the rules Bitcoin stakeholders must adhere to. Additionally, the U.S. is the global financial…

April 12, 2014

Details

Charlie Shrem and Richard Stallman to Speak at Central European Bitcoin Expo

By Ugene CheungNews

The Central European Bitcoin Expo (CEBE) is setting up to be one of the largest conferences to take place in Central Europe. Taking place in Vienna from May 31 to June 1, the expo will feature notable speakers from within the cryptocurrency space, which will provide insight into technology, international legislation and the future of…

April 12, 2014

Details

“It is out of the question banning Bitcoin”, says governor of the People’s Bank of China

By Ugene CheungNews

The price of Bitcoin is going through a downward cycle and the culprit seems to be China all over again. The country is still doubtful regarding the status of the digital coin and the uncertainties are causing the price of the world’s most famous digital coin to go down. However, an announcement made this Friday…

April 12, 2014

Details

Fine Art Meets Bitcoin: The Rise of the Aesthetic Paper Wallet

By Ugene CheungNews

Fine art meets bitcoin cold storage in Troy Fearow’s “labour of love”, CryptoArt, a project that took the fine art dealer 8 months to construct and launch. Troy searches for and commissions high level artists, starting with Alexander Fedosov of the Ukraine, to produce fine art paper wallets in limited editions. These prints are meant…

April 12, 2014

Details

PS3 Bitcoin mining: does it really work?

By Ugene CheungNews

The question was launched back in 2011, when generating Bitcoins was still considered “easy”. Can one really mine Bitcoins with a Playstation 3? Well, you could technically do it, but it’s just not worth the hassle anymore. The debate started on the Bitcointalk.org forum when the user ‘jkminkov’ wrote the following words two years ago: “just…

April 12, 2014

Details

Where Do You Bitcoin? BitScan Launches Mobile Applications

By Ugene CheungNews

Late last month BitScan launched their new mobile applications, including a revamp of the company’s popular iOS application. The app is completely redesigned and streamlined for speed. Furthermore, in response to customer demand, the BitScan team has also launched a mobile application for Android. This launch comes months after the company began its crowd-funding of…

April 12, 2014

Details