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n n n Chris DeRose and Junseth are back at it again with Episode 52 of the Bitcoin Uncensored podcast, talking about the latest Bitcoin and blockchain news in the most offensive way possible. Also read Bitcoin Uncensored Exposed Chris DeRose Definitely a CIA Shill Incredibly disappointed by what happened. . .A cease and desist letter is forthcoming! &8230nThe post Bitcoin Uncensored Zcash Is a Scam and Andreas Is a Homo appeared first on Bitcoinist.net.n
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n n n Zcash trading goes through the roof ether is the highest-performing cryptocurrency of 2016, and cross-border payments are possible through Ripple. Want to catch up on your latest altcoin news Read the stories below. Also read Altcoin Report Ethereum Classic Embraces the Hard Fork ZCASH The recent launch of Zcash created a trading frenzy on Poloniex &8230nThe post Altcoin Report Ether Outranks Bitcoin as Highest-Performing Cryptocurrency appeared first on Bitcoinist.net.n
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From Bitcoin and beyond we look at where it all began from its inception to its current day notoriety helping shape the way in which we pay. We also look at what it means for consumers and merchants and how it can be easily integrated into new and existing platforms.
BTCC announced today that it will be adding US dollar USD to its existing bitcoin exchange service.nSource
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Continuing a wave of momentum that began a few months ago, Bitcoin payment provider BitPay just introduced its next advancement — the release of a full-featured BitPay app for purchasing, storing and spending bitcoin. Announced on Monday October 24 at Money 20/20 in Las Vegas, this move brings together BitPay’s merchant payment tools with a growing compendium of consumer options, all in one place.
This new app aims to offer security and ease of use in a manner appealing to non-technical users who may otherwise steer away from bitcoin. It allows for the conversion of bitcoin to dollars through an integrated BitPay Visa® Prepaid debit card, currently the only US-wide debit card for bitcoiners. Bitcoin can be purchased and sold by users via exchanges — all through the app. These features offer users a convenient means of aligning their digital and traditional finance worlds, without leaving BitPay.
While many similar services have been launched, most require users to maintain their bitcoin in company-managed accounts, leading to increased vulnerability to security breaches and hacks. The BitPay app overcomes these concerns by allowing users full control over their funds at all times through device-based private keys, backup protocol and multi-device authentication. When the app is downloaded, new users are offered a simple tutorial with steps for easy navigation.
This move, according to BitPay CEO, Stephen Pair, provides a “new way to bring more users and companies into the bitcoin ecosystem.” He notes that the BitPay app is currently available on all mobile and desktop platforms.
“This app is built on years of work spent refining the bitcoin payment experience with BitPay merchants and building a more secure bitcoin wallet with the Copay platform,” BitPay Marketing and Communications Manager, James Walpole, said to Bitcoin Magazine. “We think we’ve been able to answer one of the core problems that have locked new users out of bitcoin: how to offer a beginner-friendly experience that doesn’t sacrifice security. This app is a way to get everything you need to start right with bitcoin, without trusting your money to a third party that can be hacked.”
BitPay jumps into the project with solid track record of delivering bitcoin payment tools for companies like Microsoft, Steam and Newegg.com. The company has also been cultivating Copay — an open source, multi-signature platform that allows users to store multiple, distinct bitcoin wallets in order to keep their funds carefully separated.
News of this app release follows another recent announcement involving BitPay — its role in assisting the betting site NetBet’s efforts to become the first online gambling operator licensed by the U.K. Gambling Commission (UKGC) to offer deposit and withdrawal options in bitcoin for online sports betting and casinos. This initiative is expected to take hold among the U.K.’s growing digital currency community as a safer and more secure environment for gaming interests.
And on September 29, BitPay announced the launch of its modal invoice, a feature that allows for the automation of refunds for bitcoin payment exceptions. It addresses a common issue that continues to haunt new users, namely, instances where an incorrect amount of bitcoin is sent to a BitPay merchant. This new feature offers a means of handling these so called “payment acception” in an easy and streamlined manner that allows users a means of requesting refunds for overpayments and underpayments. For instance, shoppers who underpay, now have a mechanism for retrying their orders; and shoppers who have overpaid, can get their funds returned more quickly. The hope is that this new feature will be a benefit to merchant and consumer alike, allowing for the rapid correction of payments in a more seamless manner.
“A year from now, we’d like the BitPay app to be the wallet that expert bitcoiners use to secure their bitcoin savings and live life on bitcoin,” said Walpole. “We also want BitPay to be the wallet people think of when they want to get off to the right start with bitcoin, from getting their first bitcoin, to storing and spending funds securely.”
The post BitPay Launches Bitcoin Payments App Among Array of New Features appeared first on Bitcoin Magazine.
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newsbtc.com / Samuel Rae / Oct 31, 2016
Here’s a look at what we are focusing on in the bitcoin price this morning.
Before the weekend kicked off, we highlighted the potential for the breaking of the 700 level to the upside in the bitcoin price as being likely if action continued to move […]
The post Bitcoin Price Watch; 700 Broken! appeared first on The Bitcoin Channel.
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Stijn V., a 25-year-old from Torhout, Belgium, was arrested for allegedly selling chemical drugs on a dark net market. Four of his partners were also busted who are risking lighter prison sentences.
According to official court documents, Stijn V. accepted payments in bitcoins. Law enforcement authorities were alerted by his activities when an undercover police officer ordered a parcel from the 25-year-old. Investigators screened the package and found fingerprints on it, which led to the arrest of the drug dealers in January 2015.
The investigation showed the man was dealing with amphetamines and other illegal chemical substances. According to the prosecutor’s office, the vendor received about 2,000 transactions from customers on the dark net. Bitcoin at the time was worth about 184 Euros, now, the virtual currency’s price has emerged to 600 Euros. Authorities wanted to confiscate 4,000 BTC from the man, however, defense argued that the amount police want to seize is higher than the 25-year-old received from customers.
“Police only interviewed one person. How can one know whether other people in, for example, Australia, have received their package?” argued Thomas Vandemeulebroucke from defense. The lawyer also asked a “drug trade expert” (some kind of professional specialized in dark net markets) what were the current bitcoin prices at the time Stijn V. was running the vendor shop. Defense suggested a sentence for 300 hours of community service. In 2014, the 25-year-old had already done 120 hours of community service for drug-related offenses.
The court ruling will be delayed until December 2.
If the sentence for Stijn V. will be 300 hours of community service, he can consider himself as a lucky man, especially that he had a previous drug-related offense. Most of the dark net vendors arrested receive two years in prison at best, but sometimes they are sentenced to 10-15 years. Of course, court rulings and laws vary by country, but 300 hours of community service seems to be a really light sentence for somebody who had dealt drugs on the dark web and sent parcels to international customers. This time, the question stands: should vendors get long jail times or be given light sentences including community service and probation?
While there are tons of dark net drug-related arrests in Germany, in Belgium, the most recent bust was the arrest of vendor group “Italian Mafia Brussels”. It was an international operation where law enforcement authorities caught six suspects mostly from the Brussels area, but there were also arrests in the United States and Romania. The group sold MDMA and ecstasy pills on the dark net. The gang disguised their packages as parcels from legitimate companies and sent the substances mostly to the US. The investigation started in February 2014 when a firm from t…
