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Bitcoinist.net
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Bitcoinist.net is the professional way to get the daily news from the world of bitcoin and crypto currencies.
Bitcoinist.net is the professional way to get the daily news from the world of bitcoin and crypto currencies.

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Dear buff.ly/1KAdjuG Readers! The data center where our hosting company has our servers are currently under a severe Ddos attack! Over 10.000 servers are down! We are experiencing some downtime! We are really sorry for the inconvenience and we hope that the company is going to solve the situation as soon as possible. Best Regards, The Bitcoinist Team

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Inside Bitcoins has a new look! Check out the new logo and official name, ‘Blockchain Agenda in Association with Inside Bitcoins’

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Featured Inside Bitcoins Seoul Keynote: ‘Internet to #Bitcoin: Introducing Transformational Tech to the Mass Market, Lessons from the Trenches’ by Justin Newton, Founder & CEO, Netki buff.ly/1PDbYdg #BitcoinConf

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Brian Nelson, Co-Founder and CEO, Sig3, will appear on the panel for the Inside Bitcoins San Diego session on Crypto Startups #bitcoin

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Steve Jobs and Satoru Iwata both had a lot of similarities, both died prematurely due to cancer and at a similar age. Whereas Steve Jobs died of complications of pancreatic cancer at the age 56, Satoru died at just 55. Both were extremely talented and known for their innovative ideas, and when departed from the world, everyone felt sad as they were both great gems and their departures meant huge loss for science and the humanity at large. Also read: Trestor Foundation Provides a Solution for Greece Capital Controls The Nintendo CEO and president Satoru Iwata is no more, his absence will be fel by the technology world in general and the gaming industry in particular. His death has been mourned by gaming industry; a lot of Twitter messages started pouring in as soon as the news of the demise of Satoru Iwata was made public. Gaming Companies and their CEOs Paying Rich Tributes to Satoru Nintendo of America President and COO Reggie Fils-Aimé stated on Monday morning that Mr. Iwata was gone, and that it will be years before his impact on both Nintendo and the full video game industry is fully appreciated. Ubisoft Entertainment S.A, a French multinational video game developer and publisher, headquartered in Montreuil, France, Tweeted the message: “Our deepest condolences & sympathies go out to Mr. Iwata’s family & everyone at Nintendo. He will be missed.” – Yves Guillemot Min-Liang Tan, CEO of Razer — a company that produces entertainment devices and software for gamers worldwide — also paid his condolences. Tan said that there are CEOs who make a difference to the lives of the people — Satoru Iwata was one of the few who did. Robert Bowling, Vice President and Creative Director of Humble also paid his respects to Satoru and said, “Thank you Satoru Iwata, for your talents in development and your genius in leadership. You will be missed.” “I am A Gamer,” this is what he had said in the keynote speech at GDC 2005; his departure is a huge loss for gamers all ove rthe world. His passion for gaming technology could be understood from these words: “On my business card, I am a corporate president. In my mind, I am a game developer. But in my heart, I am a gamer.” Flags Lowered to Half-Staff at Nintendo’s HQs To show respect to the legendry CEO, flags at Nintendo’s headquarters were lowered to half-staff. Members across the gaming industry and fans alike expressed their sadness on social media over Iwata’s passing and gratitude for his accomplishments. Image: Twinfinite The post The Gaming Industry Mourns the Loss of Satoru Iwata appeared first on buff.ly/1V54ZMr.

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Rising around $50 in price, Bitcoin had a crazy ride this week. Breaking the monotony that we’ve seen for the last 18 weeks with only single digit changes and the occasional bull run, the rise from $260 to $310 is reminiscent of the kind of trading we saw last year. Also Read: Last Weeks Market Wrap Up With a steady buying pattern this week, Bitcoin users experienced steady gains in price with no signs of stopping soon. Interestingly enough, most of the trading seems to be occurring inside the United States rather than being dominated by the Chinese markets like what is usually the case. If you examine the movement of Bitcoin over the last month as seen above, you can see that price has been nearly a linear line, meaning the exchanges have been saturated with buy orders. With price starting at $230 and climbing $80; a 34% increase in price in the course of a month is impressive, even for Bitcoin. Volume has been even higher than it has in the past weeks as well; we saw 24-hour volumes in excess of $100,000,000 this week. While that number has decreased since then, the volume is still quite an impressive amount at above $50,000,000. Trends continue to show positive trends, and we may witness further price increases. Altcoin Market Analysis While Bitcoin had a significant share of the trading as it usually does, Litecoin this week gave Bitcoin a run for its money. Briefly overtaking Bitcoin in 24 H volume as well as Ripple in market cap, Litecoin this week kept climbing past the $5 it reached last week to go on to reach a high of 0.0316 BTC, or around $8.50. Promptly after, Litecoin crashed hitting bottom at 0.012 BTC, a nearly 60% fall in value. Since then, the price has leveled off, and price is holding steady at around 0.02 BTC or $5. Volume has decreased in the meantime too but is holding nicely at almost $17 million. Interestingly enough, at the same time Litecoin was falling Bitcoin was rising, which could suggest that traders were exiting Litecoin to trade Bitcoin. While Bitcoin and Litecoin are where most of the attention as well as volume was focused on this week, we also did see some rises in some older coins, such as Namecoin and Peercoin. Namecoins increase, while temporary, did see the price surging past the $1 mark, but has settled down to around $0.80 once more. Peercoin experienced the same fate but is sitting around $0.10 lower, with the current price being around $0.69. With reports expecting to see Bitcoin at $400 before the end of the year, Bitcoin could also go back the other way. Bitcoin could either stagnate here or decline back down to the mid $200s, making the market movement we see here nothing more than an elaborate pump and dump. For the next couple of weeks, all eyes will be focused on the market conditions of Bitcoin. Altcoin trading volume is increasing as well, a sign of renewed interest in altcoins as well. All in all, the bearish market trends we’ve been witnessing seem to be appearing less and less, akin to spring thawing winter ice. Photo Sources: CMC, BitcoinCharts Where do you see Bitcoin at the end of 2015? Are you more excited about altcoin or Bitcoin trading right now? Let us know in the comments below! The post Bitcoin Market Wrap Up: BTC Breaks $300, Rise And Fall of LTC appeared first on buff.ly/1RAfB6A.

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For Sale: Operating Bitcoin Exchange with broad functionality, including offshore company with bank account. Key product features: - Cryptocurrency Trading Platform - Online Wallet (keeping of crypto-/fiat currency and payment for services) - Money Transfers (wallet-to-wallet) - Cryptocurrency Exchange Service Trades are currently being carried out at the Exchange, with a small monthly turnover. The number of registered users is more than 1,000. For detailed description of the product. After the sale we can provide buyer's service personnel with technical support, coaching and training. Contacts: Victor Volkov Email: btc.sale2015@gmail.com Skype: victor_476

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Decentralization of everyday aspects of our society is upon us, and as you would come to expect, government officials are not too keen on giving up their control and power. Airbnb is one of the most interesting projects in recent years, as it allows citizens to rent out their home for a short time to people looking for a place to stay. Also read: Tim Draper-Backed DataWallet Pays Users To Sell Personal Info To Advertisers Airbnb & San Francisco – A Few Roadblocks The idea of giving up your spare room(s) in exchange for a small amount of money, while being able to help someone in need, is exactly why Airbnb was created in the first place. Rather than continuing the trend of our selfish society, companies like Airbnb want to bring back the sharing aspect our society was founded on. Over the years, Airbnb has been gaining a lot of traction is various parts of the world; But it looks like the first wave of opposition is looming ahead, as San Francisco’s board of supervisors is looking to regulate this “sharing economy”. Considering it took the city of San Francisco over two years to become the world’s first city legalizing short-term rentals for up to 90 calendar days per year, this decision could not come at a worse time. That being said, San Francisco is facing a worsening housing crunch, which has led the city’s board of supervisors to propose amendments to the citywide zoning laws. According to London Breed’s legislative aid – Conor Johnston – “a fair and effective system for regulating short-term rentals is needed. It is a complicated topic in a largely new industry.” The first of these two amendments would limit the number of days [120] residents can legally rent out their home per year, regardless of whether they are home or not. Additionally, an Office of Shorter-Term Rental Administration and Enforcement would have to be formed to ensure the letter of the law is executed perfectly. Amendment number two is far stricter than the first. If Supervisor David Campos has a say in the matter, the number of Airbnb rentals per calendar year will be limited to 60, rather than 90. On top of that, Airbnb would be required to file quarterly reports with the city of San Francisco. Attempting to Centralize the Decentralization Both of these amendments are trying to centralize the decentralization revolution. By creating overarching bodies and instances to keep an oversight of the decentralized short-term renting of housing, San Francisco officials are trying to reclaim some of their lost power. Needless to say, this announcement does not sit well with Airbnb. “Instead of continuing their effort to make misleading assertions about our community, opponents to home sharing should be spending their time doing what Airbnb does: finding ways to support the middle class.” What are your thoughts on these possible amendments to home sharing laws in San Francisco? Let us know in the comments below! Source: CNET Images courtesy of Shutterstock and Airbnb The post San Francisco’s Board of Supervisors Wants to Centralize Airbnb And The Decentralized Economy appeared first on buff.ly/1Jj0DZ5.

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As more companies become aware of Bitcoin, as well as the potency of its underlying blockchain technology, the more they are integrating the technologies into product solutions offering new levels of efficiency never seen before. Visual Representation of decentralized network. Also Read: United Airlines Flights Grounded Due to Centralized System Failure By taking a more decentralized approach, catastrophic system failures can be prevented, and companies will benefit from a more robust infrastructure, among other things. Since decentralized networks do not have a single point of failure, they can allow enterprises to have multiple fail-safes for redundancy protection. Nick Spanos, Founder and CEO of Blockchain Technologies Corporation, said: “This is another great opportunity to illustrate the potential we are unlocking using the technology of the blockchain. Using the blockchain increases transparency, and will bring smoother resolutions to disputes.” Global Arena Holding Inc. OTC Pink, a company that went public in 2011, is doing just that. A subsidiary company of GAHC, known as Global Election Services Inc., will be integrating the blockchain within its newly formed Arbitration Division that is scheduled to launch in the third quarter of 2015 with assistance provided from Blockchain Technologies Corporation. “Global Election Services Inc. (GES) is forming an Arbitration Division that will utilize blockchain technology that will assist in labor and contract disputes.” The value of the services that can be provided by Arbitration Division have skyrocketed recently due to the versatility they enable. Using the blockchain increases benefits for both the company as well as the consumer, as the enterprise can cut costs and expedite any problems that may come up while offering greater transparency for their customers. “Clauses in labor contracts have gained substantial value to both parties as a rapid and inexpensive method for resolution of “garden variety” contract disputes and also as a cathartic process which relieves shop level tensions without “self-help” or other disruptive actions by employees or their labor organizations.” As the value of cryptography becomes more evident, other companies will follow in suit of businesses like GES’ Arbitration Division. With companies like Blockchain Technologies Corp. in existence, the transition to integrating the blockchain or other cryptographic technology in new or existing infrastructure will be seamless as well. Do you think companies will turn to decentralization for a competitive edge? As a consumer, do you put importance on transparency? Let us know in the comments below! Image: Global Arena Holding The post GAHC to Integrate Blockchain Technology in Arbitration Division appeared first on buff.ly/1CEXCoY.
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