Why bitcoin price jumped following the USMS auction

The Auction As you have already heard the USMS had an auction for roughly 30,000 bitcoins. The auction ended on friday and the winners were supposed to be announced monday. Surprisingly, the same person was able to score all the bitcoins because he outbid all of his competitors. One auction bidder claimed all the coins! In a statement the USMS said: “The US Marshals Bitcoin auction resulted in one winning …
[Read More]

Vertcoin introducing stealth addresses

Vertcoin As you may have already heard vertcoin (VTC) is a virutal currency that is based on the Scrypt-N (N factor Scrypt) algorithm. The average confirmation time is 2.43 minutes which is very similar to that of litecoin. While the mining algorithm might sound very similar to the one of Litecoin it is in fact very different. Scrypt-N means that once every couple years the N factor which regulates memroy …
[Read More]

Why Litecoin is dying

24 Hour prediction challenge. – 1 LTC reward You will have until 7/6/14 8:20 AM PST to comment on this blog post to predict the price of litecoin in the next 24 hours. You will predict the price of litecoin at 7/6/14 11:59 PM PST. The person who comments with the closest price will win 1 LTC which will be given out on 7/6/15 12 AM PST. Please post the price …
[Read More]

PurseIO – Amazon/BTC exchange

What is it? Essentially Purse.IO is a solution to two main problems. First, it solves the problem of purchasing items at Amazon with Bitcoin. Since the retail giant has not yet implemented Bitcoin into their payment method Purse.IO is creating a platform on top of Amazon. The next problem is buying BTC with credit card. Sure you can go to coinbase, but that requires time to setup, time to verify, …
[Read More]