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Cryptocurrency explained in 60 seconds - The Basics of Bitcoin

Cryptocurrency in 60 seconds. The basics of cryptocurrency - what you really need to know to be able to use and understand what's going on, is very simple. This 60 second guide gives you the knowledge you need.Read More »

Cryptocurrency Round-Up: Dogecoin Black Friday and Bitcoin Antiwar Campaign - International Business Times UK

Bitcoin and other major cryptocurrencies have seen their recent resurgence falter.

Source: www.ibtimes.co.uk

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Cryptocurrency cruncher cranks prime number constellation - The Register

Riecoin distributed miner claims world record for prime sextuplet generation

Source: www.theregister.co.uk

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Why the future depends on bull whales

Why the future depends on bull whales We’re just now coming out of a period of deflated BTC prices. Having declined somewhat steadily since the start of June, we’ve seen a reversal that’s put 50USD on the price of a bitcoin in under two weeks. This period of decline has led to a very low […]Read More »

Darkcoin's Anonymity Breached by Hack

A security patch has been rushed up following an attack on the Darkcoin network which temporarily allowed an attacker to gain control of the Masternode list, according to an official statement on the Altcoin’s homepage on Tuesday.Read More »

A Little Crypto-Asset Sanity: MaidSafeCoin, SuperNET, and BitUSD - CoinReport

CoinReportA Little Crypto-Asset Sanity: MaidSafeCoin, SuperNET, and BitUSDCoinReportSo, in accordance with the theme of some of my other recent articles, let’s take a look at what the Bitcoin protocol is already doing to change the world. See it on Scoop.it, via CryptocurrencyRead More »

The Truth Behind Truthcoin - Bitcoin Magazine

Bitcoin MagazineThe Truth Behind TruthcoinBitcoin Magazineoptimal advice (“Which of X would produce more Y? See it on Scoop.it, via CryptocurrencyRead More »

LTBCoin Will Have Real Value as a Crypto-Asset - CryptoCoinsNews

LTBCoin Will Have Real Value as a Crypto-AssetCryptoCoinsNewsI’m not a huge fan of altcoins, but I do love when someone creates something new in the Bitcoin space that could change the way people think about money or finance. See it on Scoop.it, via CryptocurrencyRead More »

Bitcoin Ponzi Scheme Perpetrator Fined $40 Million

A Texas man charged with defrauding consumers through an illicit investment vehicle has been ordered to pay more than $40m in fines by a federal judge. The Thursday ruling brought to close a case launched last July that drew headlines at a time when many in the mainstream US media were only… http://ift.tt/1mltU0c See it […]Read More »

brightsolid | Do we need to Protect ourselves from Quantum Hackers? |

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Newly Launched Cryptocurrency Enables Financial Transactions via Twitter

NEW YORK, NY, September 18, 2014 /24-7PressRelease/ — The cryptocurrency universe has broken new ground, thanks to an innovative coin known as SocialxBot (www.socialxbot.com). The currency is the first in history to use a Twitter bot that lets users send or receive cryptocurrency funds on the Twitter social networking platform. M Scott Maxwell’s insight: The […]Read More »

Russia set to ban "surrogate" cryptocurrencies by 2015

Russia is set to become the latest country to restrict virtual currencies such as Bitcoin, after a top official announced that a law will be passed banning their exchange into real money by next sprin M Scott Maxwell’s insight: This follows the Russian Central Bank’s recommendation that Russians be “wary” of using cryptocurrencies back in January.  The ban […]Read More »

Mars Cosmonaut Needs Bitcoin for One-Way Flight Home

[embedded content] Mars One candidate, Heidi Hecht, is looking to finance her Mars travel expenses using Bitcoin. Today, on Reddit, she posted a link to her StartJoin fund raising page which features the above video. According to her StartJoin description, Heidi strives to become the first Mars… http://ift.tt/1nRNQ60 M Scott Maxwell’s insight: Let’s hope the […]Read More »

Bitcoin Ponzi Scheme Perpetrator Fined $40 Million

A Texas man charged with defrauding consumers through an illicit investment vehicle has been ordered to pay more than $40m in fines by a federal judge. The Thursday ruling brought to close a case launched last July that drew headlines at a time when many in the mainstream US media were only… http://ift.tt/1mltU0c See it […]Read More »

brightsolid | Do we need to Protect ourselves from Quantum Hackers? |

See it on Scoop.it, via CryptocurrencyRead More »

Pandacoin - a simple coin for the mass market?

Pandacoin, a new altcoin, has launched on the promise of simplicity, ease of entry and mass market appeal. This is a powerful combination, but is it really going to deliver? Read more...Read More »

Newly Launched Cryptocurrency Enables Financial Transactions via Twitter

NEW YORK, NY, September 18, 2014 /24-7PressRelease/ — The cryptocurrency universe has broken new ground, thanks to an innovative coin known as SocialxBot (www.socialxbot.com). The currency is the first in history to use a Twitter bot that lets users send or receive cryptocurrency funds on the Twitter social networking platform. M Scott Maxwell’s insight: The […]Read More »

Bitshares

The pitch from bitshares.org: Bitshares.org is an organization of businesses, decentralized companies, and individuals with a common interest in finding free market solutions. At bitshares.org we are bringing together a community of next generation entrepreneurs, investors, and developers to build an economic revolution as significant as the Industrial Revolution and the Information Age. Bitshares is […]Read More »

Bitcoin Business

The world of Bitcoin and Cryptocurrencies is moving at an incredible speed.  The potential to create a new niche using the technology which later turns into the next Dropbox or Twitter is drawing in ever larger numbers of entrepreneurs and innovators. This makes assessing what’s out there very difficult.  If new companies pop up every […]Read More »

Coinapult LOCKS and Wallet Service

Coinapult - The Company Coinapult was set up in 2012 by Bitcoin veteran Ira Miller, currently the CTO. It aims to solve one of the most difficult problems facing merchants who want to accept bitcoins for standard transactions. If it does so (the beta was released at the end of July 2014) it stands a credible chance of […]Read More »

Quantum Computing Threat To Cryptocurrency

Can a quantum computer threaten the bitcoin network? From the outside it looks like many other supercomputers: a shiny black container with white light picking out its name.  To George Rose, CTO and inventor of the D-Wave quantum computer, it’s far more than just another  number cruncher. The D-Wave is the world’a first commercially available […]Read More »

Ecuador to Nationalise Cryptocurrency

Ecuador’s Congress is in the last few hours of debate on a bill that would see it’s Central Bank set up a state owned and run cryptocurrency as their official currency. The bill will also make the operation and ownership of other cryptocurrencies, such as Bitcoin and Litecoin, illegal. Ecuador has used the US Dollar […]Read More »

Should Scotland Set up a State-run Cryptocurrency?

Should a newly independent Scotland adopt cryptocurrency as it's official coinage? An intriguing proposal from a credible source suggests the answer should be yes. Read more...Read More »

How did bitcoin originally gain value?

The obvious answer to how Bitcoins originally gained their value is to say ‘when others started to buy them’. Although this was the mechanism, it wasn’t the primary cause. Bitcoin vpgained value when it began to be traded for real world asset. The initial trade, famously now, was for a pizza. the order was sent […]Read More »

Have your bitcoins become vulnerable to a 51% attack overnight?

Ghash.io, Bitcoin’s largest mining pool, now controls over 51% of the hashing rate for bitcoin.  This places Bitcoin within the theoretical risk zone for an execution of a 51% attack. Although there are no signs that Ghash intends to do so, some have already started to take measures independently to either safeguard their own cash, […]Read More »

What everyone wants to know about cryptocurrency

Why are they such a big deal? Cryptocurrencies have succeeded in answering two of the fundamental problems with moving money online: How do I stop we stop someone spending the same money twice? How do we avoid middle men? If it gets established, we’ll all benefit from a faster, more secure way to shop online. […]Read More »

Scott Maxwell

Scott Maxwell BSc (Joint Hons) CEng MBCS MIoD Contact Email: [email protected]   Timeline Independent Board Level Consultant  October 2013 – Present Brightsolid Online Publishing  | Managing Director  February 2013 – October 2013 Brightsolid Group | Director of Development and Engineering  March 2012 – February 2013 Brightsolid Online Technology | Director of Operations May 2010 – […]Read More »

Cryptocurrency News Review 7 May 14 - Fines, Fraud and Divorce

Erik Voorhees and the US Securities and Exchange Commission Erik Voorhees, the prominent bitcoin entrepreneur, agreed to settle a lawsuit brought against him by the US Securities and Exchange Commission. Mr Voorhees was fined $35,000 and had to relinquish profits of $16,000 for failing to register a shares offering for FeedZeBirds and SatoshiDICE. The offer, […]Read More »

Why Did Mt Gox Fail: Six Hypotheses

In February Mt Gox, the world’s largest cryptocurrency exchange, crashed.  It took with it over 650,000 bitcoins, most of which have never been recovered. The bitcoin community are still trying to get answers about what happened, how it could have happened, and where the missing coins are. In May 2014 a report was published that […]Read More »

Willy Report Banned by Wordpress.com

In a surprise move, wordpress.com has banned the publication of the Willy Report in its site. The report claims to show proof that the My Gox market for bitcoins was being rigged, possibly by an insider. Read more...Read More »

Was Mt Gox a Ponzi Scheme?

A report out today shows evidence that the all-time highs for bitcoin valuations seen last year were created by fraudulent trades which may amount to a Ponzi scheme. Evidence of Fraud at Mt Gox The evidence in the ‘Willy Report’ follows an analysis of freely available data on the trading on Mt Gox in the […]Read More »

CryptoAssets - The Internet of Money

Bitcoin May or may not survive as a cryptocurrency, but the network on which it runs is set to establish a new platform for worldwide trade - the internet of moneyRead More »

Save MtGox Campaign Announced

A group of seasoned investors have mounted a campaign to prevent MtGox falling into the hands of the Receiver. In an open letter the Group, which includes Wall St vet John Betts and tech investors William Quigley and Matthew Roszak, hope to convince some of the 127000 customers and creditors to back their plans which […]Read More »

Analysis of the Bitcoin Network

What data is available in an analysis of the Bitcoin Network? There’s no doubt that Bitcoin makes a lot of information explicitly public. At its very core is the Public Ledger, which is the entire history of all transactions leading back to the original creation of each Bitcoin. This has to be public, otherwise there […]Read More »

How Anonymous is Bitcoin?

A question that quite often comes up is whether Bitcoin is anonymous. It looks like an anonymous system because real names are hidden. Any transaction between two people is carried out using public keys – a public key is simply a large number. There are no names, no emails and no addresses, and so it […]Read More »

Definition of a Satoshi

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Bitcoin Wallets

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Public-Private Key Encryption

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Zero Trust Philosophy

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Block Rewards In Bitcoin

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Proof of Work Algorthim

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Consensus from the Bitcoin Network

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Public Ledger Blockchain

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Cryptocurrency Weekly News Digest: Fri 22 Feb 2014

Bitcoin vulnerability exploited; BTC in Freefall on Mtgox This week the value of bitcoin in some exchanges fell following the exploitation of a vulnerability in bitcoins by hackers.  The attack did not result in the loss of bitcoins but did force the exchanges offline; all but one (Mtgox) soon recovered.  However, Mtgox went on to suffer […]Read More »

Attacks on Bitcoin

Motivation for Attacks on Bitcoin Disruption over Deception The use of vulnerabilities above for financial gain is unlikely. The resources necessary to exploit them are substantial. Also, anyone trying to exploit them is likely to be quickly discovered. However, they can also be used as a way to disrupt or destroy the Bitcoin network. Any […]Read More »

Bitcoin Vulnerabilities

Bitcoin Vulnerabilities - The 51% Attack This need to achieve consensus is at the root of the first of Bitcoins vulnerabilities, known as the 51% attack. The 51% attack is analogous to buying success in the lottery. If you were able buy over half of the tickets in a lottery, your probability of winning would […]Read More »

Bitcoin algorithm - A Brief Description

In order to examine its strength, it’s necessary to briefly describe some of the details behind the Bitcoin algorithm.  For a more complete description please see Nakamoto’s original 2008 paper. Bitcoin Transactions At the heart of the system is the transaction, a block of data that holds information such as how many bitcoins to send, […]Read More »

Introduction to Cryptocurrencies

Introduction to Cryptocurrencies by Scott Maxwell Cryptocurrencies are a new way of transferring money across the Internet. They rely on cryptography not only to ensure anonymity but also to provide a secure peer-to-peer network for the transfer. In such a transfer, traditional cash is exchanged for the cryptocurrency at an online exchange.  It is then […]Read More »

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