Monthly Archives: June 2014

Miners flee after near 51% scenario

Posted on 9th June, 2014

The possible 51% scenario crisis over the weekend has been averted, with bitcoin miners leaving for other pools. is still the most popular mining pool, with 33% of the total hashrate, but the problematic scenario surrounding any one pool gaining the majority of the network hashing power has been averted. While there was […]

Yukon gold mine for sale for 3,000 BTC

Posted on 8th June, 2014

If you have an abundance of BTC to spend, particularly on real estate, “bitcoin luxury marketplace” BitPremier may already be on your radar. While much of the site consists of high-end downtown condos, designer handbags and sports cars, one recent listing doesn’t quite fit the norm. For $2 million, roughly 3,000 BTC, you can be […] mining pool hits 45% of total hashrate, prompting fears of a 51% attack

Posted on 7th June, 2014

If there’s one major fear for the bitcoin community, it’s the dreaded possibility of a “51% attack”. If any particular mining pool gains the majority of the hashing power in the bitcoin network, it opens the door to a variety of malicious possibilities, including the reversal of transactions, double-spending of bitcoins and the creation of […]

Report: Q1 and Q2 bitcoin venture capital investment already surpasses all of 2013

Posted on 6th June, 2014

In a new report on CoinDesk, bitcoin-focused venture capital investment in the first half of 2014 has blown past total investment in 2013 by more than $27 million. Last year, startups like Coinbase and BitPay were still in early seed rounds, with total investment hitting about $88 million. Since January, however, second-round investments in those […]

Dogecoin and alt-coin tipping apps approved on Facebook

Posted on 6th June, 2014

Cryptocurrency culture has made more progress into the realm of social networking thanks to two new tipping apps recently approved by Facebook. The Doge Tipping App and the Multicoin Tipping App provide simple tipping functionality much like that seen on Reddit and Twitter. Late last month, QuickCoin introduced a tipping-friendly bitcoin wallet for Facebook. The […]

IRS says taxpayers not required to report bitcoin to FinCEN

Posted on 6th June, 2014

The Internal Revenue Service is rarely seen as a source of good news when it comes to paperwork. On Wednesday, however, the IRS announced during a webinar for tax professionals that bitcoin holdings did not need to be reported to the Financial Crimes Enforcement Network (FinCEN) for this year’s tax season. There had been some […]

eBay’s John Donahoe confirms that bitcoin integration is coming

Posted on 5th June, 2014

It’s not exactly a secret that eBay CEO John Donahoe has a soft spot for bitcoin. While he has been coy about announcing any concrete plans to formally integrate eBay and PayPal with a bitcoin wallet, he has made a variety of statements over the past six months indicating that such a move is likely. […]

Is bitcoin now reacting to central banks?

Posted on 5th June, 2014

As the worlds of bitcoin and high finance move ever closer together, it shouldn’t be surprising to see bitcoin prices react to non-bitcoin related moves by major players. It’s one thing when the price of bitcoin dives in response to China effectively banning all cryptocurrency exchanges from its banking system, for instance, but something completely […]