Bringing Bitcoin to the Middle East – Cointalks Dubai

By Ugene CheungNews

Weeks ago, it seemed that Dubai may have been turning into a major Bitcoin hub. An image released on various social media platforms and news sources depicted upwards of 400 Bitcoin ATMs in a warehouse, with headlines like “Dubai About to Roll Out 400 Bitcoin ATMs.” However, later that week, the UAE Department of Economic…

April 16, 2014

Details

The Gatekeepers

By Ugene CheungNews

This post was released for Issue 19 of Bitcoin Magazine as part of a series of  articles about puzzles and games that started with Issue 12. This series of puzzles and games was inspired by a talk given by the founder of the Pirate Party, Rick Falkvinge, at the European Bitcoin Conference in Prague on…

April 14, 2014

Details

New Bitcoin ATM pops up in South Korea

By Ugene CheungNews

A new Bitcoin ATM that allows the users to buy and sell cryptocurrency has recently been installed in Seoul, South Korea. The machine was developed by the exchange Coinplug within a partnership with the well-known company Nautilus Hyosung, an international brand dedicated to the production of ATMs. No identification is required to use the machine, which is connected…

April 14, 2014

Details

Weekly Round Up: Bitcoin in US Congress, troubles in China and Australia and PS3 mining

By Ugene CheungNews

Bitcoin Examiner brings you the review of the last seven days in the Bitcoin universe. Texas Congressman wants Bitcoin to be considered currency Steve Stockman is not exactly a stranger in the Bitcoin universe. The congressman became famous at the end of 2013 when he announced he was accepting Bitcoin donations for his Senate campaign,…

April 14, 2014

Details

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