Singapore to Regulate Virtual Currency Use Bitcoin ATMs started to popup in Singapore earlier this month, labeled as vending machines as the country does not recognize virtual currencies neither as securities nor legal tender. But that does not mean there would be no regulation for virtual currencies like Bitcoin. The Monetary Authority of Singapore (MAS) Continue reading “Singapore to Regulate Virtual Currency Use”
Tag Archives: bitcoin
Singapore Bitcoin ATM Startup Tembusu Receives $300,000 in Seed Funding
Singapore Bitcoin ATM Startup Tembusu Gets $300,000 Seed Funding Just a little over a week after launching its first Bitcoin ATM in Singapore, Tembusu announced that they have received S$300,000 (US$237,000) in seed funding, which put the company’s valuation at S$5 million (US$4 million). This would give the undisclosed investors 6 percent equity stake in Continue reading “Singapore Bitcoin ATM Startup Tembusu Receives $300,000 in Seed Funding”
World’s Largest Bitcoin Mining Operation that is Earning $8 Million a Month
World’s Largest Bitcoin Mining Operation that is Earning $8 Million a Month The largest Bitcoin mining operation in North America is earning its owner $8 million worth of Bitcoins a month. Dave Carlson is running the Bitcoin mining facility in two warehouses at an undisclosed location in Washington state. Carlson invited a local Seattle Continue reading “World’s Largest Bitcoin Mining Operation that is Earning $8 Million a Month”
Laura Saggers releases world’s first Bitcoin love song
Laura Saggers releases world’s first Bitcoin love song Laura Saggers of Santa Monica has released the world’s first Bitcoin love song. She is the singer and songwriter for the song titled 10,000 Bitcoins. “I do agree that it’s hard for the general public to get into it,” said Saggers. “It will become easier in Continue reading “Laura Saggers releases world’s first Bitcoin love song”
MtGox faced 150,000 DDOS attack per second 3 days before suspending withdrawal
MtGox faced 150,000 DDOS attack per second 3 days before suspending withdrawal A Japanese newspaper is reporting that MtGox Bitcoin exchange faced a massive DDOS attack for several days ahead of its spectacular collapse. The Japan News by Yomiuri Shimbun reports that the attacks faced by MtGox beginning from February 7, reached 150,000 denial-of-service Continue reading “MtGox faced 150,000 DDOS attack per second 3 days before suspending withdrawal”
Butterfly Labs announces Four Weeks delay for 28nm Monarch
Butterfly Labs announces Four Weeks delay for 28nm Monarch Butterfly Labs (BFL) has sent out email to its customers that initial testings of the Monarch was seen with a 20 percent increased performance in power consumption. The 0.45W/GH rating makes BFL’s Monarch twice as power efficient as all the other 28nm competition. However, the Continue reading “Butterfly Labs announces Four Weeks delay for 28nm Monarch”
U.S. Congressman calls to Ban the U.S. Dollar
U.S. Congressman calls to Ban the U.S. Dollar Congressman Jared Polis of Colorado has called U.S. to put a ban on U.S. dollar bills in his statement addressed to Secretary Lew, Chairwoman Yellen, Comptroller Curry, Acting Chairman Wetjen, Chairman Gruenberg, and Chairwoman White. “The dollar bill market has been extremely susceptible to forgers, tax fraud, criminal Continue reading “U.S. Congressman calls to Ban the U.S. Dollar”
Tutorial on merged mining Litecoin / Dogecoin and other Scrypt Coins
Tutorial on merged mining Litecoin / Dogecoin and other Scrypt Coins Not to be confused with multipool mining, which switches to a more profitable coin automatically, merged mining lets you send hashes to multiple blockchains. That would mean that while mining Litecoin or Dogecoin, you would be able to mine other cryptocurrencies at the same Continue reading “Tutorial on merged mining Litecoin / Dogecoin and other Scrypt Coins”
Can Bitcoin Mining still be Profitable?
Can Bitcoin Mining still be Profitable? I would go for a change and talk about Bitcoin mining instead of alternate coins, like Litecoin. There are certainly some big hype surrounding it. Bitcoin mining is different from alternate coin mining, as there are application-specific integrated circuit (ASIC) chips designed specifically for the sole purpose of mining Continue reading “Can Bitcoin Mining still be Profitable?”
Bitcoin Foundation responded US Senator on Bitcoin Ban
Bitcoin Foundation responded US Senator on Bitcoin Ban The recent move by US Senator Joe Manchin to call for a ban on Bitcoin with a formal letter to the federal regulators was not taken lightly by the Bitcoin community. Redditors suggest that the senator does not understand Bitcoin’s decentralized nature to call for an outright Continue reading “Bitcoin Foundation responded US Senator on Bitcoin Ban”