cryptoCryptoNote was designed as a useful tool to help people separate themselves from the current financial system of total control and surveillance. The ultimate goal of the CryptoNote platform is the widespread recognition of the technology through the development and marketing support of those willing to take on the current financial system. Obviously, Bitcoin is leading the market at the moment; however CryptnoNote, along with the other innovative platforms such as Ripple and NXT, are pushing hard to be acknowledged as new generation solutions. The recently announced CryptoNoteStarter is yet another step on the way to making the CryptoNote technology universally accepted. To launch new CryptoNote-based coins, CryptoNoteStarter will help you through the necessary stages of development. The interface is implemented as a step-by-step guide, starting with preps and finishing off with a block genesis. For more details, please visit https://cryptonotestarter.org

Among the notable cryptocoins created with CryptoNote technology, Bytecoin (BCN) stands out as the first attempt at making anonymous transactions not just a marketing hype but a genuine and usable feature. With its launch in 2012, Bytecoin has been gaining recognition within crypto-community while taking the CryptoNote technology to a whole new level.

While a number of technologies offer an anonymous transactions feature, only a handful of them are actually capable of concealing the parties involved in a transaction. The most prominent of all is CoinJoin. The idea is that several users wanting to send funds co-ordinate their intentions by collating the inputs to their transactions so that a “master transaction” can be built. However, CoinJoin is incapable by design of offering 100% anonymity due the fact that Master Nodes (coordinators for the currency’s payment system) can be compromised by someone with sufficient determination and resources.

CryptoNote, on the other hand, has a proven case of being able to provide untraceable and absolutely anonymous transactions. The centerpiece of the CryptoNote protocol is its ring signature technology. This scheme makes it possible to sign a message on behalf of a group and while it’s clear that a transaction is taking place, nobody will be able to pinpoint the transfer to a specific individual. The CryptoNote protocol also makes it possible for transactions to be untraceable. Payments are split up between multiple one-time addresses that can only be received by the person who has the correct public key. In other words, whoever happens to be watching won’t be able to determine the amount of a transaction.

Many things have been said about the analysis of the Bitcoin’s blockchain. The money flow, wallet balances, the identities of the owners and many other things can be determined easily through this method. The ability to conduct such analysis is due to the fact that all of the transfers between addresses are transparent i.e. every input in a transaction refers to a unique output. Moreover, users often re-use their old addresses, which simplifies the analysis even more. CryptoNote however is designed to mitigate the risks associated with key re-usage and one-input-to-one-output tracing. Every address for a payment is a unique one-time key, derived from both the sender’s and the recipient’s data. Blockchain analysis for CryptoNote-based coins would be confronted with a number of hurdles, since one time addresses with mixed keys in ring signatures would lead them nowhere.

Simply put, CryptoNote offers completely anonymous financial transactions. Those looking to keep regulators’ prying eyes out of their businesses will likely turn to existing CryptoNote-based currencies, or use CryptoNoteStarter to launch their own.

https://cryptonotestarter.org

Asmoney.com_-300x122AsMoney is the newest and unique digital currency system that has hit the online market and can be used as payment processor for Litecoin and Bitcoin because it’s an E-currecny system based on cryptocurrencies.

AsMoney is a Trademark that belongs to AMN Technologies Company. It was registered in England at 2013. Gintatus Vileita, the CEO of the company, said:

” We’re planning to create three main features that make easy access to Bitcoin , while payments are still private and anonymous. this three features are : 1) Web based access to make transactions with every device without downloading gigs of blocks 2) A secure and free payment gateway to automatically accept payments online. 3) A programming interface to automate the process of sending and receiving payments with access to payment resources programmatically.”

In recent years, many users are inclined to use cryptocurrencies against e-currency because the source of money is not specified in traditional E-currencies. If a user wants to convert his/her electronic money into paper money, he/she will have to sell his/her balance to someone or make a withdrawal via bank wire transfer. Although, Currency Exchanges are willing to buy e-currencies but governments can easily track money transfers due to their traditional nature, which caused the shutdown of Liberty Reserve system and enormous loss of money in this system in 2013.

On the other hand, it is required to have a Wallet service provider or pay large costs for services like merchant for online sale, mass payment and support in cryptocurrency systems. Whereas, AsMoney provides its users with all of the services of E-currency systems for free, while it can also be transferred from / transferred to cryptocurrencies.

Through AsMoney, people are offered with simpler ways of sending money with no need to share any pertinent financial information. It also offers a remarkable flexibility to pay with the use of their account balances, Litcoin, Bitcoin or any promotional financing.

The website is fully dedicated in its commitment to all its members through the exceptional 24/7 customer support that they offer. AsMoney values their members and that is why they strive to make sure that every concern or query will be addressed right away, no matter what time of the day it might be.

As Bitcoin become more and more common in different transactions online, AsMoney can make it easier for Bitcoin users to complete their payments and get paid easily with no need to worry about security issues and online facilities. Every member of AsMoney can active SMS login to protect their balances from theft and hackers, When someone tries to enter his account , AsMoney send a message to the client’s mobile device showing the Pin needed to authorize the attempted transaction.

AsMoney will continually aim for innovation to be able to meet and satisfy the demand of people for better and cheaper digital eCurrency system. The security of those people who love to do some business transactions became a part of the main priorities of AsMoney developers. Developers of AsMoney are expert, well-experienced and professional people who aim to meet and satisfy the demand of the people for an excellent digital eCurrency system.

Asmoney.com

execoinExecoin (http://execoin.net), the fast ASIC-resistant crypto currency, proudly presents the first open-source Electrum wallet with stealth addresses technology! After months of intensive development, the Execoin team has released its own open-source implementation of stealth addresses technology based on the Electrum-EXE wallet (http://electrum-exe.org/stealth). Unlike proprietary closed-source stealth payment solutions currently available on the market, the Electrum-EXE code can be audited in order to make sure that there are no security vulnerabilities or intentional backdoors . Integration of Electrum wallet and stealth payments provides unique features and offers more security, reliability, and convenience for payment transactions. Electrum-EXE wallet now heads the line of Execoin’s SPV wallets (Exelite and Android mobile wallet) and will be a base for a newer mobile Android wallet with stealth transactions support.

Privacy: stealth transactions and Electrum wallet are better together.

What are stealth payments? “Stealth payments” is a technique that protects the privacy of a recipient involved in a transaction. It allows one to accept coins using a public coin address while preventing anyone else from knowing your transaction history. When you receive some coins without using stealth technology all transaction information is open to the public, and everyone can track it in the blockchain. With stealth technology this information is securely protected with a key so that only the person involved in the transaction can view and track it. The Secret key allowing one to see the transaction is not stored on a server. That’s why it is reliable and truly secure. The only information that can be seen in the blockchain without the secret key is the time and amount sent, all other recipients’ details are cloaked.

Execoin’s stealth technology is unique because it is integrated with the new Electrum-EXE wallet to add even more reliability, security and convenience to stealth payments. In addition, Execoin’s Electrum-EXE is the first open-source fully functional wallet with stealth addresses support. While security of using proprietary closed-source stealth payments’ solutions may be questioned, open-source Electrum-EXE wallet with stealth addresses code can be audited anytime.

Why are stealth transactions even better with Electrum-EXE?

Improved reliability. It allows you to restore stealth addresses from a single mnemonic phrase that you can memorize or write on a piece of paper. If you make a mistake, you will never lose your data; your wallet and your coins are securely protected in a way that ordinary wallets simply cannot provide! And you don’t need to perform regular backups of your wallet data!

Amazing speed. Execoin is a fast coin and transactions are performed quickly. However, any wallet client needs a significant amount of time to sync with the blockchain. This time is far shorter for a lightweight wallet like Exelite but it still takes several minutes before it’s ready to use. With Electrum-EXE you can do stealth transactions immediately after launch, no more delays!

Freedom of access. You can access your wallet and make stealth transactions from any computer where Electrum-EXE is installed, since you can safely restore your wallet on any computer using your secret phrase without physically moving your data! This operation is absolutely secure; no private keys are stored on servers.

Highest security level. Electrum-EXE allows you to split your wallet into an offline “cold storage” wallet which contains your private keys and an online “view only” wallet that only contains your public keys. Your Execoins are absolutely protected by your private keys in the offline wallet on a separate computer that never connects to the Internet, and thus are not accessible for hackers’ attacks.

Safety. Your private keys, including stealth ones are protected with a password and cannot be stolen! Your private keys are not shared with the server and a compromised server cannot compromise your wallet.

What advantages does the Execoin stealth technology give to users and merchants?

Electrum-EXE with Stealth allows merchants to keep their privacy while still receiving EXE payments and coin transfers. In addition, it provides the highest level of security and protection from accidental data loss. It’s ready to use immediately after launch, so you don’t need to wait, and can perform stealth payments immediately. Merchants can easily add Execoin support to their payment systems using coinpayments.net or a one-click solution provided by C-CEX. Together with Execoin’s fast transactions, this makes EXE a perfect payment tool for everyday transactions.

Future plans and development of Execoin

The Execoin development team has many goals to improve Execoin and make it even better. We’re constantly working on new features, implementing new technologies, and releasing increasingly more advanced wallet clients. An update is in the works that will completely replace the Kimoto Gravity Well difficulty retarget algorithm. KGW has vulnerability, is too processor-intensive, and slows down the wallets; also there will be measures implemented to make Execoin an even more rare coin, and to balance coin production depending on the net hashrate. Our team is also working on porting CarbonWallet to Execoin.  In addition, we are going to create our own JS wallets for mobile devices (iOS and Android) with stealth transactions support.

Key features

  • Fast transactions
  • Scrypt-ASIC resistance
  • Privacy: first Electrum wallet with Stealth addresses support
  • First open-source wallet with stealth addresses
  • Variety of advanced wallets (Electrum-EXE, Exelite Java wallet, Android wallet)
  • Most coins are already mined (new reward system limits the inflation)

Anonibet.com Bet with BitcoinAnonibet, the first and oldest Bitcoin Sportsbook and Casino, is proud to announce the lauch of our Affiliate program, where we are offering stellar rates for those who help in directing potential customers to the leader of the Bitcoin Sportsbook and Casino Industry.

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yesbitcoinyesbitcoin Plans to Make Bitcoin a Household Name

Seeks to Become the Retail Face of Bitcoin

(6/23/2014) St. Paul, MN, USA – Today yesbitcoin, a non-profit organization, announced its plan to launch as the leading strategic, consumer- and merchant-facing communications effort on behalf of the world’s most prominently accepted cryptocurrency: bitcoin. yesbitcoin will focus primarily on driving understanding and acceptance of bitcoin as a mainstream consumer technology for everyday commerce.

yesbitcoin fills a desperate need in the Bitcoin ecosystem,” said Branden Petersen, Executive Director and Founder of yesbitcoin. “Bitcoin remains an enigma to the mainstream consumer marketplace despite exponential growth in venture capital and number of commercial business entities. Bitcoin investors, users and commercial interests are depending on the adoption of bitcoin, with upside value heavily dependent upon its use as a currency in the everyday marketplace. In order for this to happen, the broader community of diverse interests must communicate effectively to the marketplace at-large.”

Regarding yesbitcoin’s space in the consumer marketplace, Petersen stated, “Consumers and merchants are accustomed to advertising communications from the financial service industry. Visa, MasterCard, American Express and other financial service providers have been selling the benefits of their products for decades, and have paved the path that bitcoin must travel. We seek to serve in this capacity on behalf of bitcoin, with “retail” communications efforts that can be easily understood by consumers and business owners everywhere.” yesbitcoin will be funded by contributing launch sponsors as well as ongoing contributions from the community.

yesbitcoin is the first global, consumer-facing nonprofit organization committed to demystifying the Bitcoin economy, and increasing understanding, acceptance and use of Bitcoin. The yesbitcoin mission is to immediately become the solution to the problem of decentralized interest and lack of focused, strategic advocacy. yesbitcoin will operate in a collaborative, non-territorial and transparent manner. We will continue in the tradition of the broader Bitcoin community, and work with all interests to advance our cause.

For more information, visit www.yesbitcoin.org or email admin@yesbitcoin.org. Follow us on Twitter at @yesbitcoin and Facebook at www.facebook.com/yesbitcoin.

###

Scotcoin now ranked 38th at Cryptocoinrank with a Market Cap of $454,000

Scotcoinchart

Scotcoin hits $200K Marketcap and is listed in 74th place on Coinmarketcap.com

sco

Buy, Sell & Trade Scotcoin at Swisscex & Comkort.com

GOTO SCOTCOIN.ORG TO GET A WALLET

VIEW NEWSLETTER IN YOUR BROWSER

 Scotcoin Newsletter July ’14

 

Welcome to the first Scotcoin Newsletter – a once per month update, reporting on everything that’s happening (or about to happen!) in the Scotcoin world.

Firstly, if you’re wondering why you received this email, your email address was added as you signed up for Free Scotcoin during our airdrops. Should you not wish to receive this monthly update – please unsubscribe below and we will not contact you again.

If you decide to ‘hang around’, we are extremely excited to report on the progress of Scotcoin, in only 3 months since inception, and hope to keep the Scotcoin community informed of all the latest updates and innovations via this method of communication (as well as via our Website, Facebook & Twitter accounts).

We intend to build out this newsletter with some great Content, News, Technical Releases, Business Updates, Exclusive Special Promotions & a whole lot more.  Please, read on….



Scotcoin News

- Following the successful airdrop of circa 75% of all pre-mined Scotcoins, the final totals were:-

  • 743 became Scotcoin Millionaires
  • 247 became 100K’aires 

So, almost 1,000 people at, least, were included in the airdrop & now have Scotcoins, not to mention the many more that have received Scotcoins from their friends or via the Free Scotcoin Tap - quite an achievement to date.  Let’s get to 5,000 now!

- The Scotcoin QT Wallet downloads exceed 3,000 and with the addition of the Android Wallet, adoption is growing daily.

- The excellent Free Scotcoin Tap website is steadily growing and is currently receiving 300+ unique visitors per day.  Plus, has been offering an excellent reward bonus, based on a multiplier to the payout rate for every Netherlands goal!  Check it out.

- We are in final beta testing of an Online Wallet Solution which will be compatible on ALL DEVICE FORMATS and hope to roll this out early July.

- Two Facebook communities have been established, The Scotcoin Alliance & A Sensible Debate about Scotcoin.  Please join these groups and become part of the community.

- We have established ScotLocal – A meetup group which aims to connect Scotcoin communities from all over Scotland.  Please sign up today, and if you would like to become an organizer in your area, please get in touch and we can add you & feature your local events.

- We have allocated 50 Million Scotcoins To ScotFund: A new initiative aimed at increasing Scotcoin adoption via local Scottish communities.  More details and how to apply can be found at scotcoin.org

- We are also pleased to welcome two new mining pools into the Scotcoin ecosystem GMT Public & Scotmine.  Both these pools allow anyone to mine for Scotcoin and will be offering some good incentives and rewards, as well as excellent information on how to mine soon.  Please check them out.

- And finally, big shout to the Scotcoin Classifieds team, who have on-boarded around 15 – 20 businesses from all over Scotland, which accept Scotcoin – a huge achievement and great work.  Check them out and get your business listed today!


Scotcoin Classifieds

Summary

That’s all for this month, we wanted to keep this brief!

Please share this newsletter with friends and also share a few Scotcoins as well.  The more folks that receive coins, the more this concept can grow.

If you would like to contribute to this newsletter, please get in touch.

We hope you are enjoying the Scotcoin ride, so far!

Best regards

The Scotcoin Project Team

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The leading 8 Bitcoin News websites collaborate for commercial Press Releases.

We are proud to announce this Partnership between :

The Bitcoin News – http://TheBitcoinNews.co.uk

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SCOTCOIN 2This group is open to anyone that is interested in the newly launched Scottish based crypto currency – Scotcoin.

It is hoped that we will create many events throughout Scotland in the future, therefore, we would like to invite possible admins from areas all over Scotland to get in touch.

We want to add as many admins to this group as possible, so it can grow and run itself in the future all over Scotland – if you would like to become an admin for your area and create some wonderful Scotcoin related events, please get in touch.

 Goto http://scotlocal.com

SCOTCOIN 2ScotFund has been established with one simple goal – To increase Scotcoin adoption via innovative ideas and concepts from the Scotcoin Community.

If you have an idea on how to engage with an audience that is relevant to you, i.e. a business, Student Campus, local community or any other type of gathering – please complete the form at http://scotcoin.org with the concept  you have for rolling out Scotcoin.

The idea has to of course be realistic and we would need to establish quite an amount of trust to ensure that all which is described actually occurs, but do look forward to hearing from you soon with your ideas…

FIND OUT MORE

SCOTCOIN 2Description – “We’re a simple to use mining pool, sign up only with your wallet address, mine and get paid, simple as that! We give back to the community, 25% of the fees taken to run the pool are sent straight to the Scotcoin tap, to keep the coins flowing! For support you can contact us on “The sensible debate about Scotcoin community” or the Scotcoin Alliance community. We will have mining tutorials for all common mining platforms online in the next few days, and we hope to see as many of the community mining as possible!”

http://scotcoin.gmt-computing.co.uk

COMKORT EXCHANGE UPDATE – 3 SCOTCOIN MARKETS ADDED – TRADE: BTC/SCOT LTC/SCOT & DOGE/SCOT . #Scotcoin #Bitcoin #Litecoin #Dogecoin Excellent news for all you Shibes

google-play-logo

SCOTCOIN 2UPDATE  3PM 23/5/14 – 50 SIGNED UP – ONLY 50 PLACES LEFT – HURRY!

Following on from the successful launch of Scotcoin on a crypto-exchange, COINNEXT have contacted us with a wish  to also add SCOTCOIN to their exchange –  And… they are offering 1,000 SCOTS to the first 100 people that sign up.

Goto http://scotcoin.org

SCOTCOIN 2This is a coin trickler, and SCotcoin Project has donated 100,000 SCOT to get started.

Earn coins every 30 minutes 24 hours a day 7 days a week 365 days year by playing the simple “Are You A human” games, these give you coin rewards every time you play. (Payouts every Sunday)

The faucet also has a donation address if you would like to donate back to the faucet. To get started, get a Scotcoin wallet address and register on the sign up page

Have fun whilst earning coins, what could be better. Enjoy 

GET FREE SCOTCOINS NOW AT SCOTFREE.ME 

Anonibet.com Bet with BitcoinIt comes once every four years, which is why we have decided to make it worth remembering. Anonibet brings to you the 2014 World Cup Promotion where exciting 22 BTC is up for grabs.

  • Rules
  • Bets with a minimum stake of 0.1 BTC qualify for the promotion.
  • Promotion will run from the 19th of May 00:00 GMT until 10 minutes before kick off of the opening World Cup match(Brazil vs Croatia).
  • The player who has the MOST WINNING ACCUMULATIVE ODDS at the end will win the Grand Prize of 10 BTC (if a betting slip wins, all the odds are put into your points basket).
  • Second Prize Receives 5 BTC while 3rd place will get 3 BTC
  • There will be a consolation prize for the biggest loser i.e when your slip misses by 1 game, the remainder of the odds will be put to your losing basket. Biggest loser receives 2 BTC.
  • In order to participate to the promotion, customers should copy and paste their betting slip (with the bet slip number) to the Bitcointalk.org Anonibet.comthread. This will be done so as to show transparency as we are running this promotion FOR the players, we would want the players to observe as well on the forum.
  • Customers can participate with an unlimited amount of betting slips.
  • Anonibet is doing this to thank OUR players for believing in us and for promoting our beloved BTC therefore prizes from the contest will be deposited into the winning player`s Anonibet account, and they can withdraw the prize immediately without placing any bet.
  • Posts made after the expiry of the contest duration will not by any chance be eligible for the contest.
  • In the event of tied points, prizes will be split respectively among the  participants.
  • For the World Cup, our Facebook page will run a World Cup Bitcoin Meme contest where the meme with the most Likes will receive 2 BTC. For more details on this promotion, visit our facebook page (https://www.facebook.com/pages/Anonibet/139078896207240).
  • Because we are doing this for the players, player feedback will be greatly appreciated

 

SCOTCOIN 2The Scotcoin Project announced today that it will Virtually IPO Scotcoin and issue the remaining pre-mined coins on an equal percentage basis to ALL that sign-up (and are eligible) prior to the Virtual IPO deadline on 14/5/14.

The Scotcoin team commented by saying - “Our primary goal has been to make the Scottish people aware of ‘other’ options when it comes to a ‘national’ currency, and we are extremely satisfied that we have achieved such great awareness to date, especially regarding crypto-currencies, and the fantastic opportunities they bring.  We did hope that there would be wider adoption, but also, do understand that revolutionary technologies take time to enter in to the consciousness of the greater population.  

Therefore, as a way to complete the initial and most important phase of the project (which was to distribute as many Scotcoins, to as many Scottish people as possible) we have decided to roll out the remaining 950m on an equal percentage basis to everyone that signs up and is eligible to participate, by the deadline of 11:59pm (BST) on Wednesday 14th May 2014.  

We truly hope this will kickstart a new digital economy and provide exciting opportunities for the Scottish people, with Scotcoin becoming a means of exchange, not only throughout Scotland, but also throughout the world.”


 Subscribing to the Scotcoin Virtual IPO.

  • If you have already applied, been accepted and have received the 1,000, you are automatically added into the Scotcoin Virtual IPO and will receive the appropriate percentage of Scotcoins on 15th May 2014.  Thank you for supporting us! 
  • If you have not applied, please complete either of the following steps before 11:59pm (BST) on Wednesday, 14th May 2014:-

Step 1 – Knowing someone you can trust that has an existing Scotcoin Wallet Installed

  1. Ask your friend to add a New Wallet Address within their wallet
  2. ‘Like’ the Scotcoin Facebook Page (http://facebook.com/scotcoin)
  3. Complete the Application Form on the Scotcoin.org Home Page
  4. Send a Private Message to the Scotcoin Facebook Page with your Digital Wallet address and also confirm you have completed the online form

Step 2 – Not Knowing someone with an existing Scotcoin Wallet Installed

  1. Goto http://scotcoin.org and download the Wallet Software for Windows, Mac or Linux (If you have issues goto our Forum)
  2. Ensure you have installed this software and therefore know your Digital Wallet Address to Receive Scotcoins (eg- SfigyUQNMmrsS98ntKu5S2JoUtXfWJEni6)
  3. ‘Like’ the Scotcoin Facebook Page (http://facebook.com/scotcoin)
  4. Complete the Application Form on the Scotcoin.org Home Page
  5. Send a Private Message to the Scotcoin Facebook Page with your Digital Wallet address and also confirm you have completed the online form

Terms for Applying to the Scotcoin Virtual IPO

  1. You must be at least 18 years of age
  2. You must be located in Scotland (Valid IP Address when applying)
  3. You must have a Facebook Account that is ‘Real‘ and has more than 25 Friends.
  • Once you have applied, and are confirmed, we will add you to our interactive map at scotcoin.org – Please check there for the confirmation.
  • If you do not receive this PM, this will be due to an issue with your submitted application, so PLEASE ENSURE YOU FOLLOW ALL THE ABOVE STEPS CORRECTLY AND ARE ALSO APPLYING AS A REAL PERSON, OVER 18, VIA FACEBOOK/WEBFORM & LOCATED IN SCOTLAND!   
  • Sorry, but we will not accept foreign or UK proxy server IP addresses, single email applications, linkedin requests or any other type submissions.  ONLY AS ABOVE – THANK YOU!

Scotcoin Virtual IPO Details

An announcement will be made on Thursday 15th May 2014 at 12pm BST as to the number of successful applicants and relative apportionment of Scotcoins that will be sent to each Wallet address.  This amount will be distributed within the following 24 hours.


 Information for Scottish Colleges & Universities

As we will roll out to each unique Wallet address and tie this in with Facebook & Online form confirmation, this gives all campuses a great opportunity to get involved with limited access to the network.  All it needs is for the wallet to be shared between your trusted group and we can disseminate the coins easily to this wallet with multiple addresses.  Its upto you guys to figure out the rest!


Information for Crypto-Currency Exchanges wishing to add Scotcoin

We are in currently discussion with several of the leading Crypto-exchanges, but if your exchange would like to list Scotcoin from 15th May 2014 please email us asap at info@scotcoin.org  


Mining Scotcoin Information

Ⓢ50m will remain available following the Scotcoin Virtual IPO to maintain the network.  Our recommended mining pool exists at http://albamine.net.  Further mining information is contained in our forum.


Next Steps

This will now be truly upto the free market to determine, and the Scottish people (that apply!) to decide.


All Media Enquiries - info@scotcoin.org

Heartbleed Compromises Bitcoin Wallets: Digital Currency Also Built Using OpenSSL

By Ryan W. Neal, ibtimes.com

Bitcoin is the latest digital entity to be added to a growing list of organizations compromised by the Heartbleed bug.

The Bitcoin Foundation said on Friday that the latest version of Bitcoin Core, the open source software that enables the use of the digital currency, used a version of OpenSSL, a cryptography library used to password-protect websites, apps, and Web servers, which was affected by Heartbleed.

“If you are using the Windows version of the Bitcoin Core [graphical user interface] without a wallet passphrase, it is possible that your wallet could be compromised by clicking on a bitcoin payment request link,” the Bitcoin Foundation said on its website. “It is possible [but unlikely] private keys could be sent to the attacker.”

READ MORE

Bitcoin Price Bounces Back After China-Induced Selloff

By Jason Del Rey, recode.net

The price of bitcoin rebounded 16 percent on Friday after a week of price drops, in response to new fears of a Chinese government crackdown on the fledgling digital currency which sent it below $400 for the first time since November.

Bitcoin was trading at about $420 late Friday morning Eastern Time, after collapsing to $360 yesterday, according to the CoinDesk Bitcoin Price Index. The selloff earlier this week came as Chinese bitcoin exchanges, including BTCTrade.com, announced that they received notice that their banks would stop supporting bitcoin businesses next week.

Even with Friday’s rally, bitcoin is down about 50 percent over the last three months and more than 60 percent since it topped $1100 last year.

READ MORE

Bullish on Bitcoin: These Travel Companies Want Your Virtual Money

By Mark Chesnut, huffingtonpost.com

Bitcoin — the alternative currency created in 2009 by an unknown founder — has been making headlines, and not always for positive reasons. But even as the currency’s potential suffered a blow following the collapse of Mt. Gox, the first big Bitcoin exchange, some early adopters in the travel and sports industries are still bullish about the value of this new way of doing business.

These are a few of the travel- and sports-related companies that accept Bitcoin:

Costa Rica Travel Market: After first hearing about Bitcoin, Monica McIntyre — director of Costa Rica Travel Market, an online marketplace for Costa Rica hotel deals — became “fascinated,” she said, “by the idea of a payment method that would allow us to reduce transaction fees from an average of five percent to one percent.”

READ MORE

6 Things a Bitcoin Millionaire Would Probably Buy

By Destiny Lopez, fool.com

Whether you are for or against digital currency, there is no denying that Bitcoin is making headlines. Created in 2009, Bitcoin is becoming a preferred choice of currency. There is no bank to go through, no transaction fees, and your purchase remains anonymous.

Sure, you can purchase Alpaca socks and pizza with Bitcoin. Even Overstock.com and Gyft will happily accept your Bitcoins. But could you purchase some serious high-ticket items? The answer is, overwhelmingly, yes! There a few people that have put away some serious Bitcoin scratch. And it all, even digital currency, adds up.

Here are 7 surprising big ticket services and merchandise you can purchase with Bitcoin.

READ MORE

eDigiCash Crypto-Currency Payment Gateway Released

By Mike Weber, pr.com

Belize City, Belize, April 11, 2014 –(PR.com)– SoftPark Technologies Corp. is pleased to announce immediate availability of eDigiCash Express, a Crypto-Currency Payment Gateway. Merchants who do not need full shopping cart capability can now process their payments directly through the eDigiCash Express Gateway and get paid in Bitcoin or Litecoin (other crypto-currencies will follow shortly).

Unlike eDigiCash standard plans, there is no monthly fee and no registration. Merchants can get their API ID and API KEY online and start using the Gateway immediately. No merchant account, no verification, no red tape.

READ MORE

Ripple Labs’ Grand Plan to Build a Global Payment Protocol

By Daniel Cawrey, Coindesk.com

It’s no coincidence that Ripple Labs was formed in 2012 to be a part of a payments revolution.

In 2013, the price of bitcoin hit a high that many had not thought possible, creating a sentiment that new and distributed technologies could change the global financial order on a fundamental level.

This enthusiasm is the driving force behind Ripple, and one of the reasons that it has already raised $6.5m in angel and seed funding from the likes of Andreessen Horowitz, Google Ventures and Lightspeed Venture Partners.

The company says it has raised capital in its early stages because it aims to build the best global payment protocol, and it needs to hire talented people to do so.

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