According to CoinTelegraph.com, BitGold has just acquired Goldmoney.com for CA$51.9 million (US$42.3 million), incorporating more than 135K of the website’s “gold bugs,” or gold-hoarding enthusiasts". "Founded in 2001 by James Turk...Goldmoney is a service that allows users to trade and safely store their gold assets, controlling over CA$1.5 billion worth of precious metals in their storage … [Read more...]
Why Namecoin never took off
Namecoin has been an idea that has got some press in the past but never really totally caught on. The idea of a decentralized DNS system, kind of like domain names working on the same premise as Bitcoin. Coin Telegraph sat down with Michael Dean one of the biggest proponents of Namecoin. In the interview Dean says that Namecoin is pretty much dead. From the article: CoinTelegraph: You … [Read more...]
How the blockchain could change the domain business
Mike Ward wrote a very interesting piece on Coin Telegraph with regards to the Blockchain and domain names. Ward takes a look at how the DNS can run on a decentralized platform, he talks about the flexibility this would provide and how it would create greater freedom, reduce costs and provide less exposure to risk. I thought the most interesting part of his article was talking about how some … [Read more...]
The Bitcoin Foundation is “effectively bankrupt” according to one board member
Ars Technica published an article that the Bitcoin Foundation according to one board member, is bankrupt. The organization was created a couple of years ago to bring some sense of official community face for users and investors of Bitcoin. It seems the wheels are coming off as some of the original members have not had a great go of it lately. Of course some have always held that the beauty of … [Read more...]
Great Britain Looking to Regulate Digital Currencies
Reuters had a story on Britain announcing it would be looking to regulate digital currencies like Bitcoin. From the story: Britain took a significant step towards becoming a global bitcoin hub on Wednesday as the government announced it would regulate digital currencies for the first time by applying anti-money laundering rules to exchanges. Already the center of the $5-trillion-a-day … [Read more...]
Government Set To Auction Another 50,000 Bitcoins Seized from Silk Road Bust
Joel Dalais reported on BitcoinMagazine.com that the third government auction of Bitcoins that were seized during the Silk Road bust will take place March 5, 2015. Joel points out that some of the coins seized were not used in any illegal business. There were merchants on Silk Road that operated perfectly legit businesses. From the article: The U.S. Marshals Service is holding its third Dread … [Read more...]
Jered Kenna The Man Who Lost The Rights To Bitcoin.com And How He Bounced Back
Coin Desk/ ZapChain Interview with Jered Kenna Jered Kenna is someone who got into Bitcoin early and not only did he get into Bitcoin, but his company according to the interview says his company Trade Hill owned the mother of all domain names, Bitcoin.com. The confusing part in the video he uses the words we owned Bitcoin.com, but had an agreement with the owner that if the exchange closed … [Read more...]