Author Archives: Patrick

Novelty Lab joins PnP Bitcoin Accelerator Program

novelty lab

Novelty Lab is a San Francisco Bay Area Bitcoin startup that was accepted  into the Plug and Play Bitcoin program on April 1st.  The program is run by the Plug and Play Tech Center.  PnP Bitcoin will be able to provide seed-funding, technical, and legal assistance: Our global network of advisors & mentors help startups further their product development & prepare ...

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Peercover: Crypto Bank, Insurance Co, Stock & Currency Exchange

peercover

This article was originally published April 7th, 2014 — Updated April 29th, 2014 Peercover began in May 2013 and was founded by Jared Mimms.  It is one of many businesses that Jared is currently involved in building.  After looking at his impressive resume, we wonder when he finds time to sleep.  Jared’s other businesses include Omega Genomics, Dycomb, Omega Hedge, ...

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VP of Federal Reserve Bank of St. Louis sees the benefits of Ripple

Federal-Reserve-Seal-logo

David Andolfatto, Vice President of the Federal Reserve Bank of St. Louis released a PDF presentation that discusses Bitcoin in depth.  In it, he covers the positives and the negatives related to Bitcoin and cryptocurrencies. The presentation is suprisingly in-depth coming from an official so high up within the Federal Reserve. Even more surprising is his favorable outlook of Ripple within the ...

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Interview: New Zealand Coinex Ripple Gateway coming

coinexlogo

New Zealand Coinex Ripple Gateway to offer BTC (XBT), NZD, AUD, USD exchange services April 2nd Caniluk Limited is an incorporated company in New Zealand that will soon be offering the first Ripple gateway in New Zealand.  Customers will be able to make deposits and withdrawals in Bitcoin, New Zealand Dollars, Australian Dollars, and US Dollars.  Thereby functioning as an effective Bitcoin ...

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How do PoW multipools affect PoS Blackcoin, Mintcoin, and others?

blackcoin

Multipool mining essentially mines the most profitable coins and then sells those coins to pay miners out in a currency of their choice.  This was the primary goal for many miners of altcoins in the beginning when ASICs made it nearly impossible for average people to mine Bitcoin.  So instead of directly mining Bitcoin, people could mine Scrypt based Proof-of-Work coins ...

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Fluttercoin introduces Proof-of-Transaction Mining, static block rewards coming

Fluttercoin is a recently released PoW/PoS/PoT coin released March 10th by Fluttercoin developer “thekidcoin” on Bitcointalk. Proof-of-Transaction is also known as Proof-of-Block.  What it means is that just by sending Fluttercoins, you have the possibility of discovering a block and being rewarded with Fluttercoins. That means there is currently three ways to discover new Fluttercoins; you can mine them, you ...

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Blackcoin price continues upward trend, community stays the course

blackcoin

Blackcoin (BC) is a PoW/PoS hybrid that was PoW mined up to about 74 million coins, and is now a purely PoS coin. The Blackcoin community continues to grow and multipools are springing up when others close down. UK-based Moolah.io has added Blackcoin recently to his the of supported payment methods, which is encouraging as they build their FIAT to crypto gateway, as well ...

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All eyes on Auroracoin as March 25th Airdrop nears

Enthusiasts are watching Auroracoin as the debut of the first nationwide cryptocurrency distribution nears. Auroracoin developer “Baldur Friggjar Odinsson” plans to give Auroracoins to the population of Iceland: The Airdrop will start to take place on March 25th 2014. A national ID database, created by the government will be used for this purpose…. About 330,000 Icelanders will be made able to ...

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