Monthly Archives: August 2014

Russian social media tycoon launches block chain visualizer BlockTrail

Posted on 18th August, 2014

As one of the co-founders of Russian social media hub VK (formerly VKontakte), Lev Leviev knows a thing or two about turning a solid tech idea into a money-making enterprise. VK is now the second-largest social networking site in Europe, second only to Facebook, and is generally placed in the top 20 most popular websites […]

$309 BTC-e flash crash adds to bitcoin margin-trading concerns

Posted on 18th August, 2014

Last week, for still-unclear reasons, bitcoin’s price dropped dramatically. In the days since, blame for the “flash crash” has fallen squarely on the relatively new phenomenon of cryptocurrency derivatives, and on margin trading in particular. Adding further fuel to that argument was what happened after the crash: Bitcoin’s price began to steadily climb back to […]

Blockchain explorer Blockr.io acquired by Coinbase

Posted on 18th August, 2014

Coinbase announced today that they have acquired up-and-coming blockchain explorer Blockr.io. The deal with the Slovenian company has seemingly been in the works for some time, as Blockr.io engineer Sašo Matejina and designer Samo Drole have already relocated to Coinbase’s hometown of San Francisco. The acquisition brings Coinbase’s team up to 40 full-time employees. Although […]

Kraken to launch Japanese exchange

Posted on 17th August, 2014

San Francisco-based cryptocurrency exchange Kraken is no stranger to the international bitcoin market. Although the company is based in the U.S., the exchange doesn’t do much business in dollars, preferring instead to avoid the finicky, risk-averse, account-closure prone American banking system as much as possible. While most of its business is in euros, Kraken’s founder […]

GoCoin launches SMS-based bitcoin payments

Posted on 16th August, 2014

Earlier this week, cryptocurrency-based payment system GoCoin launched a new payment system allowing merchants to initiate digital currency payments via SMS or email. The “Click-to-Bill” system, outlined in an article on CoinDesk, is currently aimed at the pre-paid phone market, and will allow customers to easily top-up bitcoin, litecoin and dogecoin-connected accounts without the need […]

Coinbase announces three new merchant partners

Posted on 15th August, 2014

In a new post on the company’s blog, Coinbase announced three new partners for their merchant platform: Xsolla, Terminal and Demand Food. While not as high-profile as DISH or 1-800-Flowers, all three companies have major presences in the respective market niches and suggest a rapidly growing trend of bitcoin merchant adoption in regional and mid-sized […]

PetaMine backs out of plan to switch to P2Pool, sticks with GHash.io

Posted on 15th August, 2014

Shortly after bitcoin-mining megapool GHash.io caused panic across the cryptocurrency community by briefly gaining 51% of the total bitcoin network hashing power, several smaller mining collectives decided it was time to investigate alternatives. Mid-sized, shareholder-owned mining collective PetaMine was one of those groups, deciding in a much-discussed vote to point their miners away from the […]

eBay-owned payment system Braintree “in talks” to accept bitcoin

Posted on 15th August, 2014

Mechant-focused online payment gateway Braintree may soon become the first eBay-owned product to experiment with bitcoin payments. The Wall Street journal reported yesterday that Braintree was “in talks” with Coinbase and other bitcoin payment processors to launch a new digital currency payment option. Should a deal be reached, the impact on the bitcoin ecosystem could […]