China’s lust for scarce resources

31. July 2014 // 0 Comments

More than six months has passed since China first banned Bitcoin, and more than three months since its Central Bank banned it for the second time. While merchant adoption has drastically slowed, Bitcoin is still traded actively in China. As our source in China has pointed out, the Chinese Bitcoin market survives in an equilibrium state of being too small to be fought officially but large enough to experience some indirect pressure from the PBOC. In this article, Zhang Weiwu explains why the Chinese are interested in virtual currencies – and what the difference is between their and Westerners’ approach to Bitcoin. from Zhang Weiwu Let me take you back to the time when my mother dusted off my high school English notebook to amuse my wife. I was 15 years old when I wrote in it, and was [...]

Talk Bitcoin! Drink Beer!

22. July 2014 // 0 Comments

Bitcoin Meetup Copenhagen: Friday, July 25, 2014, 5:00 PM to 7:00 PM, Copenhagen Harbour Bath, Islands Brygge Copenhagen 2300. This time it will be at Islands Brygge under the headline: Bitcoin Barbecue at Bryggen Bring your own food and drink, we will take care of grill and [...]

The 500 bitcoin bounty

19. July 2014 // 0 Comments

What do you do when a hacker steals crypto to the value of $1 million? In the 1996 film Ransom, instead of paying $2 million to the kidnappers who take his son, Mel Gibson offers the money to bounty hunters, knowing he stands a better chance of getting his son back alive. Such sums of money are a powerful incentive, which is why one bitcoin and NXT holder offered up a 500 bitcoin bounty for the return of stolen [...]

July 22th: Meetups in Eindhoven & Gent

17. July 2014 // 0 Comments

10de Bitcoin Meetup Gent: Tuesday, July 22, 2014, 7:30 PM, Café Baziel, Koningin Maria Hendrikaplein 8, Gent. Een gezellige café-avond over Bitcoin en alles wat ermee te maken heeft. Ben je nieuw in de bitcoinwereld? Ervaren mensen zullen je deskundige uitleg kunnen geven. Meer Info. Bitcoin Meeting eindhoven: Tuesday, July 22, 2014, 7:00 PM to 11:00 PM, SkiFit ski & partycentrum, Vijfkamplaan 16 5624 EB Eindhoven, [...]

“A global trend of stricter regulation towards Bitcoin”

12. June 2014 // 0 Comments

New in from China! Zhang Weiwu did advise us not to bother looking for action with the Chinese exchanges. They’re living on borrowed time, and the market seems to have accepted this. Not even a leaked government document can inspire any reaction in this climate. Still, Zhang says it’s worth taking a closer look and explains what the document says – and, more importantly, what it doesn’t [...]

Automatic emails from Bitcoin.de now signed and encrypted by request

15. May 2014 // 2 Comments

From today bitcoin.de is providing a new feature that will secure our customers’ privacy and enhance their online safety. You can request that we sign and encrypt the automatic emails we send to you with one-time passwords and ongoing information about your trading activities. In ths way you can control who is able to access your details, identify phishing emails and prevent man-in-the-middle attacks. We therefore recommend that you activate this feature. To do so, click on your Options:           Scroll down to the bottom until you find this option:       Now click to allow us to sign emails to you, or both sign and encrypt them. Signing means that bitcoin.de uses a digital signature to prove to your system that the email really is from [...]

Bitcoin is not a naughty child – it challenges China’s national control of its money. It shouldn’t have been born

12. May 2014 // 1 Comment

A few days before the People’s Bank of China’s (PBOC) critical date, May 10th, five exchanges stated they would regulate themselves. Will this save them? Weiwu Zhang is not very optimistic. He explains what happened previously, and what it means for the situation – and why he thinks that the attempt at self-regulation is not just an act of desperation but, more importantly, a fatal misinterpretation of the Lord’s [...]
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