Block.io: Bitcoin API and More Major China Bitcoin exchange halts deposits, price crashes by half Following a recent decision by BTC China—the country's largest bitcoin exchange—to stop accepting new deposits in Chinese renminbi, the value of the digital currency has plummeted by about 50 percent over the course of several hours early Wednesday. BTC China attributed this change to the fact that one of its payment providers, YeePay, said it could no longer accept deposits in the Chinese currency. As of this writing, the weighted average of one bitcoin was $570.10 as listed on Mt. In early December 2013, the Chinese central bank issued a warning that Bitcoin was not legally protected in China and barred financial institutions from using it. "The central bank move... is to cool down Bitcoin trading and make it more rational," Ding Zhaoyong, a finance professor at Jilin University, told the Agence France Presse. Business Week also reported on Wednesday that Denmark is considering new legislation to regulate Bitcoin more thoroughly by amending existing money laundering laws.
bittorrent Labs - sync - secure p2p Tor - Overview - main portal Overview The Tor network is a group of volunteer-operated servers that allows people to improve their privacy and security on the Internet. Tor's users employ this network by connecting through a series of virtual tunnels rather than making a direct connection, thus allowing both organizations and individuals to share information over public networks without compromising their privacy. Along the same line, Tor is an effective censorship circumvention tool, allowing its users to reach otherwise blocked destinations or content. Tor can also be used as a building block for software developers to create new communication tools with built-in privacy features. Individuals use Tor to keep websites from tracking them and their family members, or to connect to news sites, instant messaging services, or the like when these are blocked by their local Internet providers. Journalists use Tor to communicate more safely with whistleblowers and dissidents. A branch of the U.S. Why we need Tor
Real-time Payments Systems & Processing | VocaLink IPS Why I want Bitcoin to die in a fire Bitcoin just crashed 50% today, on news that the Chinese government has banned local exchanges from accepting deposits in Yuan. BtC was trading over $1000 yesterday; now it's down to $500 and still falling. Good. I want Bitcoin to die in a fire: this is a start, but it's not sufficient. Like all currency systems, Bitcoin comes with an implicit political agenda attached. For starters, BtC is inherently deflationary. Bitcoin is designed to be verifiable (forgery-resistant) but pretty much untraceable, and very easy to hide. Libertarians love it because it pushes the same buttons as their gold fetish and it doesn't look like a "Fiat currency". But there are a number of huge down-sides. Mining BtC has a carbon footprint from hell (as they get more computationally expensive to generate, electricity consumption soars). Bitcoin mining software is now being distributed as malware because using someone else's computer to mine BitCoins is easier than buying a farm of your own mining hardware.
AnonCloak - Anonymous Online Browsing and Bitcoin PayPal Changes Terms of Service to Take Your Content Away PayPal has joined forces with Bitcoin as a sort of keep-your-friends-close-and-your-enemies closer tactic. Bitcoin is designed to overtake and make obsolete services like Paypal and Western Union. It is faster, less expensive, and doesn’t require their third-party services to accomplish the same objectives. Now that the Internet has borne this superior option, it would be wise for PayPal to foster a stronger connection with its customer base to keep them happy and in the fold, no? If you haven’t seen this, you should, and you should share this with your friends, family, anyone who used PayPal in connection with a website providing online content. Amendment to the PayPal User Agreement. Intellectual Property We are adding a new paragraph to section 1.3., which outlines the license and rights that you give to us and the PayPal Group (see paragraph 12 below for the definition of “PayPal Group”) to use content that you post for publication using the Services. paypalterms of service
Bitcoin creator Satoshi Nakamoto revealed after years of mystery [UPDATE 4:15pm CT: Reporters across Los Angeles have been hounding the man Newsweek identified as Dorian Satoshi Nakamoto. He told reporters gathered at his front door that he is "not involved with Bitcoin." Andrea Chang, a Los Angeles Times reporter, said on Twitter that this Nakamoto later also denied having had any involvement with Bitcoin. We have a new story on Nakamoto's latest statements.] The mysterious man behind the Bitcoin cryptocurrency has apparently been unmasked. "For the past 40 years, Satoshi Nakamoto has not used his birth name in his daily life," Newsweek reporter Leah McGrath Goodman wrote. The Newsweek reporter "obtained Nakamoto's e-mail through a company he buys model trains from," after "scouring a database that contained the registration cards of naturalized US citizens." Goodman did meet Nakamoto "with police officers as witnesses," after he called the police. "I am no longer involved in that and I cannot discuss it," he said. Nakamoto created Bitcoin in 2008.
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running_a_bitcoin_faucet - Devtome If you are interested in taking part in running a Bitcoin faucet, there is a lot you need to know first. It is not the get rich scheme that a lot of people think it is, and there is a lot of time that has to be spent perfecting things and dealing with ongoing development in order to keep the site up and running. On top of this, you have to be willing to pay out some Bitcoins (even in fractions), regardless of their current value. This article is set up with the goal of helping to explain what all goes in to the faucets, and what you need to know before getting involved. You might be surprised! My Qualifications I think it is best to start this off by qualifying how I know as much as I do. Basically, my qualification is that I deal with faucets on a regular basis. Common Faucet Myths The best way to handle a lot of this is through a listing of myths. Faucets earn a lot of money. Faucets drive a ton of traffic. Faucets have to pay out a lot. Payments have to be sent out manually. Conclusion
Signholder Receives Over $24,000 In Bitcoin After QR Code Appears On ESPN Earlier today a Bitcoin newcomer reportedly received over 22 Bitcoin after holding up a sign with a Bitcoin QR code. In what is one of the most genius demonstrations of the cryptocurrency to date, the Bitcoin enthusiast created and displayed a sign that read “Hi Mom, send ” followed by the Bitcoin symbol. The user, who has thus far only been identified by his reddit username BitcoinPitcher2, had thought that someone might send him a bit as a gag, though the user wasn’t sure the QR code would even be scannable. Fellow Bitcoin enthusiasts showed their support for the stunt by sending BitcoinPitcher2 over 22 Bitcoin. While the transactions first came in small amounts, the Bitcoin address soon saw transactions as large as 5 Bitcoin coming in from unknown addresses. With an exchange rate in excess of $1,000 USD the account quickly accumulated a large amount of money, well in excess of the Bitcoiner’s expectations. Final Amount Create Your Own QR Code 1. 2. 3. 4.