On January 14th, Cryptsy made a blog post explaining it’s present situation and problems with the exchange. The posts states they finally want to let everyone know what these problems stem from. They were not because of any recent phishing attacks, or even a DDoS attack, nor does it have anything to do personal issues. … Continue reading Something is out of the bag at Cryptsy
Troubling times and riled up masses are at cryptocurrency exchange, Cryptsy.com. The angry customers are circling, and it only takes a moment to see why! As of 9 pm MST on 1/12/2016, according to JShock (Cryptsy Admin) all withdrawals have been frozen. This was followed up with a series of notices by NerdLifeLabs (Crptsy moderator) … Continue reading Cryptsy alleges security breach and freezes trading and withdrawals
Earlier this month, FinCEN released the latest edition of its SAR Stats publication, a compilation of quantitative and qualitative data gathered from SAR filings. The (overly and conspicuously) comprehensive 44-page report contained detailed analysis of SAR narratives, emerging trends among SAR filings, and highlights from within each of the financial sectors, including MSBs. Often overlooked, … Continue reading FinCEN releases SAR Stats. MSB results are not flattering.
Since its inception, digital currencies like Bitcoin and digital finance have troubled governments and regulators across the globe. Some countries have chosen to classify these digital assets as legally recognized currencies because of their use by consumers, while other nations have chosen treat them as an illicit tool and banned their use outright. The United … Continue reading Recent CFTC Ruling Challenges Bitcoin And Digital Finance …
Ethereum Labs announces the launch of much anticipated “EtherX” platform and the release of brand new multi-currency wallet with integrated exchange featuring ‘EthereumCard” and many other various white label derivatives… Ethereum Labs Ethereum Labs is a research and development organization, incubating disruptive ideas, leveraging the Ethereum Blockchain Stack, developing decentralized applications, organizations and smart contracts. … Continue reading Ethereum Labs Announces Launch Of “EtherX” A Multi-Currency Wallet With Integrated Exchange Featuring “EthereumCard”
Originally Launched in March of 2014 Canada eCoin [CDN] is a scrypt algorithm digital currency with merge mine-able support that over the course of the last year has seen it’s share of challenges within the cryptocurrency ecosystem. The original developers seem to have all but given up on the project over the course of the … Continue reading Canada eCoin [CDN] Is Emerging With A Resurgence In Development And A Community Takeover…
Twenty one cities in Pennsylvania, including Pittsburgh, have faced the threat of bankruptcy for several years. A subcommittee report in late 2013 suggested several means of mitigating this problem’s causes, including acceptance of digital currency to make payment of taxes and fines more convenient. City officials declined to comply with this suggestion, however, alleging that … Continue reading Pittsburgh’s Financial Failure
As the recent indictment of Michael Oppenheim clearly shows, the traditional financial system is rife with abuse. On the rare occasions that I unexpectedly find someone in my area that has already heard of Bitcoin, however, they invariably associate it with the black market, and lack familiarity with applications outside its use for maintaining anonymity. … Continue reading Bitcoin Could Have Stopped Oppenheim’s Fraud
Bitcoin core developer Jeff Garzik has recently proposed a consensus based solution to the bitcoin block size debate and the proposal is drawing attention from some heavy hitters in the bitcoin ecosystem. The block size debate began back in October 2014 when Gavin Andresen announced a proposal through the Bitcoin Foundation blog entitled “A Scalability … Continue reading Jeff Garzik Proposes New BIP100 Solution To Bitcoin Block Size Debate
Bitcoin has brought with it a plethora of new terminology. Not too long ago, when someone said “hash”, mathematics was not the first thought to enter most people’s minds. The collapse of Mt. Gox in 2014 brought about the term “Gox’ed”. Millions of dollars’ worth of Bitcoin (not so?) magically disappearing and reappearing in “old … Continue reading Will The Bitcoin Term “Gox’ed “ Be Re-Coined After Prosecution Rests?