Author Archive | Larry X

Warning: Android Security Vulnerability

Via What happened We recently learned that a component of Android responsible for generating secure random numbers contains critical weaknesses, that render all Android wallets generated to date vulnerable to theft. Because the problem lies with Android itself, this problem will affect you if you have a wallet generated by any Android app. An […]

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Not Letting Bitcoin Turn Into Govcoin

The recent launch of DATA (Digital Asset Transfer Authority), an organization designed to facilitate self-regulation of Bitcoin industry, has set off a chain of diverse reactions within the Bitcoin community: ranging from joy to anger, confusion, suspicion, disdain and fear.  In the following article, published in American Banker, Jon Matonis, Bitcoin Foundation’s executive director, makes […]

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The Flight To Bitcoin

What do the beginning of an era and the end of an era have in common? In both of the cases, no one sees either one coming. Every generation lives its life on this planet under the illusion that all the major changes have already happened, all the great battles have already been fought, all […]

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BitPay Partners With 3dcart, Providing16,000 Online Merchants The Ability To Accept Bitcoin

“What can you possibly buy with bitcoins?” – skeptics had been asking us by year 2011. It was still common to hear that question in 2012. Meanwhile, companies like BitPay were busy availing themselves of the extraordinary opportunities offered by this new economy, still small and immature, but definitely poised for the future rapid growth we […]

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Bees Brothers: World’s Youngest Bitcoin Entrepreneurs

Via CoinDesk Most teenage boys are far too busy at school and interested in playing sports and computer games to set up a business on the side. But nestled between two mountain ranges in northern Utah, USA, there are three brothers who are possibly the youngest bitcoin entrepreneurs out there. At 14, 13 and 10 years old, […]

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News That Will Strengthen Bitcoin (6nd Part)

It is because of news like these that Bitcoin continues to grow strong: →Trial begins for billionaire responsible credit card fraud Five men from Russia and Ukraine have been accused of causing losses of more than U.S. $ 300 million to various payment processors, in the biggest cyber crime case in the history of the United States. […]

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DATA: A Self-Regulatory Body For Bitcoin Industry

Via CoinDesk Luminaries in the bitcoin community have launched a self-regulatory body in an apparent attempt to gain a cohesive voice in the ongoing tussle with financial regulators. The Committee for the Establishment of the Digital Asset Transfer Authority will “work proactively with regulators and policymakers to adapt their requirements to our technologies and business models,” said the […]

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Bitfury 400 GH/s Bitcoin Rig Hits The Bitcoin Mining Scene

Far from stalling the progress of Bitcoin mining,  ASICs has triggered a technological race in computing power and energy efficiency unprecedented in mining bitcoins in the past. In this new context, another company, BitFury makes a move onto the scene with its 400 GH/s Bitcoin Rig. Via The Genesis Block After almost a full year of […]

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