Even in a state that is home to many of the best-known bitcoin startups in the world, digital currency still exists in something of a legal gray area. Transactions not backed by the U.S. dollar have a different legal status under California law, are there are a variety of disincentives and penalties for using alternative […]
In its latest security report, McAfee Labs turned its attention to bitcoin mining malware. While botnets for bitcoin and various alt-coins is on the rise, McAfee’s analysis claimed that even highly powerful networks of zombie machines were ineffective at mining. Even allowing for zero cost for hardware and power, most cryptocurrency algorithms long ago passed […]
With a population of just under 100,000, you might not expect that the tiny island of Jersey would be a major hub for international business. Yet, almost half of the island’s £3.7 billion annual national income originates in the financial services sector. Like many self-governing island nations, Jersey has made an industry of creating very […]
BTC China CEO Bobby Lee has been at the front lines of the People’s Bank of China’s (PBoC) efforts to suppress bitcoin right from the start. Through it all, he’s managed to keep his exchange open even as his competition has scaled back their operations, changed their business models or closed completely under PBoC pressure. […]
When it comes to political advocates for bitcoin, U.S. Congressman Jared Polis is at the front of the pack. As a member of the House of Representatives, Polis might not have the policy sway of a senator, but he has already proven that he’s willing to use what influence he has to keep bitcoin from […]
Few organizations in the bitcoin community have been the subject of such heated debate as GHash.io. On the one hand, GHash has created one of the most user-friendly, efficient and low payout-variability pools in the cryptocurrency world, leveraging their own dedicated cloud mining system to encourage high rewards for independent contributors. On the other, GHash […]
It has been a very busy week for Coinbase. On Wednesday, the bitcoin payment processing giant unveiled their new mobile site. The move comes as Coinbase gave its official nod of approval to an unofficial iOS app entering the iTunes App Store. With bitcoin’s future on iOS still dependent on each company being in Apple’s […]
Bitcoin cloud mining company PetaMine controls about 1150 TH/s of hashing power, accounting for just under 1% of the current network hashrate. The company has generally pointed its miners at mega-pool GHash.io, but with that group recently coming under serious criticism for having more than 51% of the total network’s hash rate, PetaMine’s organizers have […]
For many active bitcoiners, Gyft is solution to a major problem: Buying things with bitcoin at places that don’t accept cryptocurrency. The company provides digital gift cards for some of the best-known brands and retailers in the world, such as Whole Foods, Burger King, CVS and Game Stop. The company even returns 3% of the […]
Only a few short weeks ago, a flood of fully functional iOS wallet apps coming into the iTunes App Store would have been seen as exactly the kind of problem bitcoin needed. At the time, Apple seemed openly hostile to any fully functional cryptocurrency application, removing even popular apps by some of the most reputable […]