Editors Picks

Karma Announces Huge Update


Karma (formerly Karmacoin) has been in decline recently, but that may change as developers announced a huge update today on the official Karma forums. This update will fundamentally alter Karma and differentiate it from Dogecoin and Reddcoin, its tipping competitors. Karma Switching to X11 Hashing Algorithm The first major Karma announcement is a switch to the X11 hashing algorithm. Karma believes ... Read More »

Payments Industry Association: Bitcoin Has a Right to Exist


The CEO of the Electronic Transactions Association (ETA), which can boast giants such as MasterCard, Paypal and Amazon among its members, believes that, while the technology has yet to fully mature, bitcoin could one day offer advantages for the payments industry. Jason Oxman told the Wall Street Journal that the industry is undergoing profound change, with the arrival of new mobile payment systems and services ... Read More »

BitGo, the leading Bitcoin security platform, announces raising $12 Million


BitGo, the leading Bitcoin security platform, has today announced that it has successfully raised $12 Million in Series A funding  from a consortium, led by Redpoint Ventures, a Silicon Valley venture capital provider. Previous investors Bridgescale Partners, Jeff Skoll, Bill Lee, and Eric Hahn participated in the round. New investors include Radar Partners, Founders Fund, Barry Silbert’s Bitcoin Opportunity Corp., ... Read More »

OKCoin Targets International Markets with Margin Trading Launch


In the wake of increasingly strict policies from the People’s Bank of China, the Chinese central bank, the country’s bitcoin exchanges are beginning to turn their focus to international markets and foreign buyers. For example, on 12th June, BtcTrade announced it would introduce USD trading on its platform. OKCoin is now following suit by announcing new offerings to English-language investors ... Read More »

500 Million Dogecoins Mined by Unknown Hacker in Malware Attack


An unknown hacker has reaped an estimated 500 million dogecoins – worth nearly $200,000 at today’s prices – by hacking into a series of data storage hubs for computer networks, according to SecureWorks, an information services subsidiary of personal computing giant Dell. The SecureWorks report revealed that the hacker targeted network attached storage (NAS) boxes made by Taiwan-based Synology Inc. and used its ... Read More »

Bitcoin Lands NCAA College Football Bowl Sponsorship Through BitPay


Merchant bitcoin payments processor BitPay has announced that it will sponsor the St. Petersburg Bowl, an annual college postseason football game sanctioned by the National Collegiate Athletic Association (NCAA), through 2016. This year’s game will kick off at Tropicana Field, home of Major League Baseball’s Tampa Bay Rays, on 26th December under a new name. The bowl was previously sponsored by ... Read More »

Swedish Central Bank Acknowledges Benefits of Cryptocurrencies


Sveriges Riksbank, Sweden’s central bank, has published a brief economic commentary on the impact of digital currencies on the retail payments market. The document outlines the basics behind digital currencies and focuses on bitcoin, but it also mentions some altcoins such as litecoin and dogecoin. Aside from a relatively basic introduction to digital currencies and background information for novices, the ... Read More »