Counterparty announced in a press release that they successfully implemented Ethereum's "smart contract" scripting language on the Blockchain. The press release stated: Continue reading
Author Archives: thestringpuller
Thai Mining Operation Catches Fire, Estimated 7 Petahashes Lost
A Thai mining operation run by BitcoinTalk user CowboyMiner reportedly lost three data centers to fire. CowboyMiner posted a picture of the aftermath in a forum thread earlier today. Initial estimates of the hashing power lost were tallied at approximately 7 Petahashes. Continue reading
Introducing A New Bitcoin Foundation
Vessenes's Bitcoin Foundation maintains a notoriety for many questionable actions and behaviors. There is even a candidate running for the foundation's board on the platform of dissolution. Due to the oversights of Vessenes's Bitcoin Foundation, #bitcoin-assets recently formed its own foundation for the preservation of the Bitcoin reference implementation. Continue reading
New Bitcoin Deed System Launches
Blocks in the blockchain serve as a distributed timestamp consensus: a block is a definitive record of time. punkman from the #bitcoin-assets irc channel launched a system today which allows users to prove through the blockchain the date of publication of a document. Continue reading
Bitreserve Holds your Bitcoins as Fiat
In an attempt to address the price volatility of Bitcoin, Bitreserve recently launched as a Bitcoin storage service that keeps users' funds in the form of fiat. Bitreserve does this by immediately market selling any incoming deposits, essentially locking in the fiat value of the credited funds. Users are entitled to the locked fiat amount in Bitcoin upon withdrawal, thus users may lose or gain BTC due to volatility. Continue reading
RockMiner and ASICMINER Form Mining Cartel to Launch AMHash1
ZeusMiner a scrypt mining hardware producer announced in September their partnership with RockMiner to help enter the Bitcoin market. RockMiner then announced they would also be partnering with ASICMINER and XBTec in launching AMHash1 mining fund on Havelock Investments. Continue reading
LedgerX Thinks Bitcoin is Ready for Options (Again)
New York City startup LedgerX has submitted applications to the U.S. Commodity Futures Trading Commisions (CFTC), to register as a "swap execution facility and derivatives clearing organization." If approved LedgerX would be allowed to list physically-settled digital currency option contracts, particularly Bitcoin denominated contracts. Continue reading
BitPay Lets Bitcoin Customers "Make It Rain"
Tampa, Florida is home to 2001 Odyssey, a strip club which also services user through internet services. Bitpay has partnered with the the club to allow users to pay with Bitcoin for these online services including a feature known as the "Make It Rain Machine." Continue reading
Cryptsy and Shavers Sued by Victims
Silver Law Group has filed two lawsuits: one against Paul Vernon, CEO of Cryptsy a cryptocoin to cryptocoin exchange, and Trendon Shavers, also known as "pirateat40", operator of a ponzi scheme, Bitcoin Savings and Trust. Many of Cryptsy's customers have been disappointed with the service, as complaints of users missing coins have surfaced. These complaints became so numerous, the company sent out a blanket email to their users addressing the issue: Continue reading
Bitcoin Shop Attempts to Strengthen Shareholder Equity
Bitcoin Shop announced an equity redemption in a press release given to Market Watch. The officers and directors unanimously agreed to the redemption of 12,750,000 shares of their common stock. This redemption serves as a discounted buyback of the founders' common stock as the total payment for the 12,750,000 shares was filed as $2,491. This implies the stock was redeemed for $0.0002 per share, a 40,000% discount of the current market value of BTCS at $0.09 per share. Continue reading