Archive for March, 2016

Using barter as an alternative economic model is an interesting, yet not entirely surprising choice. In this day and age, most consumers have plenty of goods, yet very little cash on hand. Changing the goods one doesn’t need [as much] against something more desirable is a tried and tested method to exchange value between parties […]

Mar 31, 2016

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by: admin

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Tags: Bitcoin, Financial Crisis, Greece, Money, Society

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Categories: Crypto Currency, Economy, Government

The Vanbex Group has published a report on its website entitled ‘Outlawing Bitcoin, a Matter of Control’, which focuses on the actions of the Russian government and other nations towards BitcoinCT r: 8. This time, it comes attached with punitive damages that could range from million ruble fines to up to seven years in jail […]

Mar 31, 2016

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by: admin

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Tags: Bitcoin, CoinDesk, Law, Russia, Vladimir Putin

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Categories: Crypto Currency, Economy, Government

Canada-based bitcoin exchange Cointrader announced earlier this week that it was shutting down following what it claimed was a debilitating hack. According to a notice posted to the service’s website, the exchange has “closed its doors effective immediately”. Unconfirmed emails sent to users and shared on social media claim that an internal audit showed ‘a […]

Mar 31, 2016

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by: admin

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Tags: Bitcoin, Canada

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Categories: Crypto Currency

A new study by the Initiative for CryptoCurrencies and Contracts (IC3) at the Jacobs Technion-Cornell Institute authored by Christian Decker, Ittay Eyal, Andrew Miller and Emin Gn Sirer, among others, found that bitcoin’s blocksize could currently scale up to 4MB without affecting decentralization. According to the recently released position paper, On Scaling Decentralized Blockchains, 4,000 […]

Mar 31, 2016

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by: admin

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Tags: Bitcoin, Blockchain, Satoshis

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Categories: Crypto Currency

Bitcoin Core developers Dr. Pieter Wuille, Eric Lombrozo and Johnson Lau launched a fourth – and probably final – iteration of the Segregated Witness testnet today. Perhaps most importantly compared to previous versions, ‘SegNet 4′ includes support for another upcoming Bitcoin protocol improvement, CheckSequenceVerify (CSV). This allows for experimentation with routable bidirectional payment channels, better […]

Mar 31, 2016

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by: admin

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Tags: Bitcoin, Blockchain

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Categories: Crypto Currency

Bitit, a Paris-based startup, has launched its in-person Bitcoin programme in over 100,000 worldwide locations. Bitit offers in person BitcoinCT r: 8 purchasing via receipts ranging from 25 to 250 that are bought from cashiers, and can be redeemed for Bitcoin. It hopes to launch its prepaid plastic and digital gift cards programme soon. Making […]

Mar 31, 2016

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by: admin

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Tags: Bitcoin, Blockchain, Money

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Categories: Corruption, Crypto Currency, Economy, Politics

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