Bitcoin Mining Titan BitFury: No to BIP 101, Yes to Block-size Consensus

In anticipation of the Scaling Bitcoin Hong Kong workshop on the 6th and 7th of this month, BitFury has re-established its belief that the current 1 megabyte block-size limit must be changed only if agreed upon by consensus. The largest mining pool outside of China, controlling some 15 percent of hashing power on the Bitcoin network, maintains that it won’t ...

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Gavin Andresen Explains Why He Prefers BIP 101 Over BIP 100

There have been a few proposals to increase the maximum blocksize in Bitcoin over the past year, but the two plans that are garnering the most attention right now are Jeff Garzik’s BIP 100 and Gavin Andresen’s BIP 101. While Andresen has already implemented his plan in BitcoinXT, Garzik is still working on a formal write-up and the code for ...

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Ciphrex's Eric Lombrozo: There Is No 'December Deadline'

The long-lasting block-size dispute seems to be inching toward a climax. A large segment of Bitcoin’s academic and engineering community has been discussing the possibilities and tradeoffs of scaling Bitcoin at the Scaling Bitcoin workshop in Hong Kong this past weekend, while prominent Bitcoin companies such as Coinbase, BitPay, Bitstamp and others have posed a “December deadline” afterward, at which ...

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SEC Approves Overstock.com S-3 Filing to Issue Shares Using Bitcoin Blockchain

According to multiple sources close to Overstock, the U.S. Securities and Exchange Commission (SEC) has approved a S-3 filing for online retailer Overstock.com (NASDAQ: OSTK) to issue new publicly traded shares of the company on the Bitcoin blockchain. An Overstock spokesperson declined to comment on the situation but said that the company would be issuing a formal statement in the ...

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BTCC COO Samson Mow: Without Consensus on Block-size Limit, Stakeholders Might Implement an Increase

BTCC Chief Operating Officer Samson Mow indicated that the leading Chinese mining pool and exchange supports an incremental increase of Bitcoin’s block-size limit to 8 megabytes in order to buy time for alternative solutions to be developed. Moreover, Mow believes the Bitcoin industry might opt to raise Bitcoin’s block-size limit even if no consensus is found among the Bitcoin Core ...

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Inside Bitcoins to Hold Startup Competition at South Korean Bitcoin Conference

In what has become a staple of the Inside Bitcoins conferences, leading Bitcoin experts will be judging the demos of five companies from South Korea in this year’s Startup Competition. The event takes place at 3 p.m. Korea Standard Time on December 10. The companies taking part are Bitholla, KoreanBuddy, WageCan, Epsilon Technologies and Coin Trade. The judges are Simon ...

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AirBitz Introduces a Convenient New Way to Buy and Sell Bitcoins

One of the many questions I get all the time from people who are new to digital currency is “How do I buy/sell Bitcoins?” It is a question with answers that could be better, quite frankly. Using online brokerage or exchange accounts will require a fair amount of identification and a vetting process, and buying them in person is still ...

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Bitcoin Group Fails to IPO; Barred From Refile Until 2016

In November, Sam Lee and his Bitcoin Group in Australia made news for positioning themselves for a major Initial Public Offering on the Australian Stock Exchange. Upon final assessment by the Australian financial authorities, the Bitcoin Group will not be able to “go public” until 2016, at the earliest, reports the Sydney Morning Herald. Read the full story below.  The ...

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Bitcoin Weekly Recap 12-4-2015

Bitcoin Weekly Recap 12-4-2015   GoPay Integrates Bitcoin Option European payment facilitator GoPay is adding Bitcoin as an option, enabling the 2,000-plus merchants who use the service to begin accepting the cryptocurrency for payments. The company, which is based in the Czech Republic, is similar to PayPal in that it facilitates e-commerce and also provides mobile payment options for its ...

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