Category Archives: Altcoins

Reddit Goes Full Redditard with Reddit Notes

Posted on by

In February of 2013, Reddit began accepting bitcoin for Reddit Gold. The company then went on to hire Ryan X. Charles as a Cryptocurrency Engineer, tasked with a secret project revealed today as Reddit Notes.

The company recently raised $50 million, which could be the result of the company's inability to remain profitable long term, as the company closed the 2013 fiscal year in the red, resulting in the "daily reddit gold goal" meter. Now being valued at $500 million, the company stated its desire to give back 10% of its equity to its user base via cryptocurrency. Continue reading →

Von NotHaus Gets House Arrest

Posted on by

Reports are coming out that Bernard Von NotHaus has been sentenced to six months of house arrest. He was convicted in 2011 for minting a precious metal backed private currency called the Liberty Dollar which he intended to have rival the Federal Reserve note. Von NotHaus had been described by prosecutors and law enforcement officials as a terrorist for encouraging private persons to barter with silver and gold coins as an alternative to using United States Dollars. The Liberty Dollar was introduced in 1998. Von Nothaus was warned in 2006, raided in 2007, indicted in 2009, convicted in 2011, and finally sentenced December 3rd 2014. Von Nothaus had faced potentially 40 years in prison and a loss of millions of dollars, but the United States Attorney only managed again, a sentence of six months of house arrest.

Netherlands Repatriates Some Gold

Posted on by

There are reports that the Netherlands has repatriated a substantial portion of its gold holdings from the Federal Bank of New York to their own physical custody. This move changes their allocation of gold held at home from 11% to 31%, and the portion held at the Federal Reserve Bank of New York from 51% to 31% while the remainder of their holdings are split between the Bank of England and Canada. There is no news yet as to whether they've drilled the bars and found tungsten.

Onename Raises $1.5 Million in Seed Funding for Decentralized Authentication

Posted on by

It was confirmed this week Onename has raised $1.5 million in seed funding. On Wednesday, the company announced on their blog they would be open-sourcing a set of tools including a suite to utilize their in-development Openname Auth, a protocol for decentralized and password-less authentication. These set of tools work with their already open source protocol upon which Onename is built on called Openname, which in turn is built upon Namecoin. Continue reading →

ISIS Introduces Coins

Posted on by

There are reports that the Islamic State has announced the introduction of a new trimetal monetary system, which they claim is based on the ancient dinar. The original dinar of course was a rebadging of the Byzantine δηνάριον by early Islamic rulers. The new ISIS currency consists of seven coins of which two are gold, three are silver, and two are copper. According to the Brookings Institute the coins are inscribed with a version of the message "The Islamic State: A Caliphate in Accordance with the Prophetic Method" reflecting the Islamic State's declaration of a Caliphate back in June. Continue reading →

As IPO Fails, Breakout Gaming Plan A Bait And Switch

Posted on by

After the failed Breakout Gaming ICO managed only to raise 80.71 BTC of the 10,000 BTC they were aiming for, the team behind the coin are planning to pull a bait and switch in hopes of salvaging what's left of the non-existent casino. Some of poker's biggest names, such as David Benyamin, Todd Brunson and Johnny Chan have been used to promote the coin and gaming network. Continue reading →