JWT Intelligence, a department of the JWT marketing brand, has released a report titled "The Future of Payments & Currency" in which they discuss the latest payment trends and what they see as the case against cash and physical cards. The 62 page report, which focuses on payment methods other than just Bitcoin, also includes reports on mobile, wearable and biometric payments. Produced by by Deborah Baxley1, Rob Girling2, Craig Erickson3 and Bill Maurer4, the report claims to be the result of quantitative, qualitative and desk research conducted throughout 2014. Continue reading
Category Archives: News
Cryptsy and Shavers Sued by Victims
Silver Law Group has filed two lawsuits: one against Paul Vernon, CEO of Cryptsy a cryptocoin to cryptocoin exchange, and Trendon Shavers, also known as "pirateat40", operator of a ponzi scheme, Bitcoin Savings and Trust. Many of Cryptsy's customers have been disappointed with the service, as complaints of users missing coins have surfaced. These complaints became so numerous, the company sent out a blanket email to their users addressing the issue: Continue reading
Taiwan: Regulators Approve Listing of Mining Chip Maker
In Taiwan, regulators have approved the listing of semiconductor design house Alchip Technologies on the Taiwan Stock Exchange. Alchip reportedly produces ASIC mining chips for KNC miner and Avalon as well as chips unrelated to Bitcoin mining.
New Paper: Bitcoin over Tor a Bad Idea, Especially bad for SPV
In a new paper by Alex Biryukov and Ivan Pustogarov outline deterministic man in the middle attacks that can subject Bitcoin users over Tor to a number of adverse circumstances. From the paper: Continue reading
Bitcoin Shop Attempts to Strengthen Shareholder Equity
Bitcoin Shop announced an equity redemption in a press release given to Market Watch. The officers and directors unanimously agreed to the redemption of 12,750,000 shares of their common stock. This redemption serves as a discounted buyback of the founders' common stock as the total payment for the 12,750,000 shares was filed as $2,491. This implies the stock was redeemed for $0.0002 per share, a 40,000% discount of the current market value of BTCS at $0.09 per share. Continue reading
BitFury Capital Announces Investment in GoCoin
Bitfury Capital has announced an investment in the Payment processor GoCoin. Bitfury Capital is the Investment arm of the Bitfury Group.
AFP's Lulzsec Leader merely naughty, avoids prison
Matthew Flannery, who according to the Australian Federal Police was a leader in Lulz Security or LulzSec, has been sentenced by a local magistrate to 15 months of home detention. LulzSec notably included FBI Informant Hector Xavier Monsegur, also known as Sabu, among its founding members.
Intel Subsidiary Fined for Crypto Export
The Bureau of Industry and Security recently issued a $750,000 fine against Intel subsidiary Wind River Systems for the unlawful exportation of software products that enable encryption. This is a sharp departure from BIS’s historical practice and suggests the agency may take a tougher stance on such violations in the future. Among restricted foreign government end-users and organizations on the BIS Entity List, Wind River Systems shipped to China, Russia, Israel, Hong Kong, South Africa, and South Korea. Continue reading
Bitcoin Shop Inc. Announces Advisory Board
Today Bitcoin Shop Inc announced the formation of an Advisory Board Charles Allen,the Chief Executive Officer of Bitcoin Shop, commented: Continue reading
Bank of England Payment Settlements Offline: Home Purchases Impossible
Large purchases including those of housing and real estate in the United Kingdom have stalled today as the Bank of England's Real Time Gross Settlement Payment System is down. As a result banks in the UK can not settle large transactions between each other, though small transactions are processed with a different system. Continue reading