Sultan says so

Bitcoin bank and payment processor Xapo faces uncertain waters as much of the company’s executive team is being sued for contract violations. The misgivings center on the last months that Xapo co-founder and CEO Wences Casares, along with other Xapo employees, worked for the mobile wallet Lemon. In December 2013, the $1.5 billion online security company LifeLock acquired the mobile wallet for $42.5 million (and rebranded it LifeLock Wallet). As reported by Fortune, the lawsuit is over whether Xapo was originally developed during his and other Xapo employees’ time working for Lemon. Or as LifeLock’s compliant puts it, “using a product developed by Lemon employees, in Lemon’s facilities, on Lemon’s computers, and on Lemon’s dime.” Several months before Lemon would be acquired by LifeLock, the mobile wallet startup started working on a Bitcoin product, but the project was quickly terminated by its board of directors. Casares, Lemon CEO at the time, pushed on with the digital currency...

comedy of programming errors could prove catastrophic for affected users. Blockchain, one of the Internet's most widely used Bitcoin wallets, has rushed out an update for its Android app after discovering critical cryptographic and programming flaws that can cause users to send digital coins to the wrong people with no warning. The vulnerabilities affect a subset of people who run Blockchain for Android on versions 4.1 or older of the mobile OS, according to an advisory published Thursday. The most serious of the flaws is the use of the unencrypted HTTP connections when the app's cryptographic engine contacts random.org to obtain random numbers used to generate private keys for Bitcoin addresses. Since January, random.org has required the use of the more secure HTTPS protocol and has returned a 301 Moved Permanently response when accessed through HTTP. As a result, vulnerable installations of Blockchain for Android generated the private key corresponding to the ad...

NEW JERSEY TO IMPLEMENT DOUBLE TAXATION ON BITCOIN New Jersey is known for many things. But im sure it's not winning popularity contests. The supposed resting grounds of various Mob members and those whom may have fell short of the mob's favor. It's a suprise cement shoes haven't hit park avenue yet!                   I guess New Jersey is not runway material really. More like TrailerPiece Theater. Well, now the dirtbag state is gaining another brand spanking new reason why you should check it off your travel plans permently. You ready for this one???             New Jersey is apparently ready to begin implementing action to begin with the double taxation of Jersey residents who own and use Bitcoin for retail transactions. Welly, well, well, my dear droogies what haveth we here now? a bit of the old in out in out,one might say, nudge, nudg...

where is the iceberg in the darkness ahead? when will the next tragic mishap strike?? from allcrypt to coin-swap to cryptoine and to probably way more people than is reported for fear of embarrassment or public outcry and bad feedback/credibility. This poor, new voyager into an ancient art of human manipulation, subversion and influencing never knew what it was up against when it blew up in 2013 to the 1000 mark and stepped out of the basement and into the lime light for its 15 mins. a much abused, well beaten and misused form of trust, or to use the more understandable word most describe as, currency, Cryptocurrency or Bitcoin (the original starlet and main player of the bunch which forms the umbrella term cryptocoins) yes! bitcoin has taken its blows. I'll give it credit though where its due, it as taken its blows like a man and not like some wimp pleading for clemency. It rose. It rose high. It reached such glorious hight, but like Icarus's lofty flight or Ph...

Bitcoin exchange Paybase Monday has shutdown withdrawals from its users, causing a fury on Twitter and throughout their user base, as another exchange closure is feared. Paybase founder Josh Garza has been unavailable for comments, with many users claiming he blocks their account if pressed on this issue on Twitter. Garza has a controlling interest in the Bitcoin mining firm GAW Miners, along with many altcoin ventures. Paybase started to experience trading issues in January when the Securities Exchange Commission (SEC) began an investigation. This led to accusations that Paybase and GAW Miners were executing “fraudulent conduct in the sales of securities” with regard to the sale of their Paycoin digital currency. Like many altcoins, users are able to buy into Paycoin by exchanging Bitcoin, and Paybase would handle the transaction on it’s exchange. Paybase has a checkered past when it comes to withdrawals. All withdrawals were suspended from February 27th, 2015 to March 8th, 2...

Earlier this week, CoinDesk’s Pete Rizzo reported on Gyft CEO Vinny Lingham‘s appearance at this year’s SXSW conference. Lingham was featured on a bitcoin-related panel with Boost VC Founder Adam Draper, Chain Founder Adam Ludwin, and Changetip Founder Nick Sullivan. It was during this panel that the Gyft CEO announced his companies intentions to “tokenize” gift cards and issue them as colored coins http://coloredcoins.org/ on top of the bitcoin blockchain. Read More: Issuing gift cards as colored coins Colored coins are a way to tokenize bitcoins for other uses. For example, you could say that a particular bitcoin represents $1000 in a vault somewhere, a deed to a house, or in this case a gift card. Once you tokenize a bitcoin, the value that it represents can then be transmitted across the world in the same instant and secure manner as a normal bitcoin. Lingham noted, “We can use this technology to make sure that consumer gift cards are protected, that counterparty risk is man...

The Crypto Sheik's Horde of Crypto faucets /> This aims to be the MOTHER LODE of Faucet listings! The Grand Archives of the Sultan are benevolently open to the outside world for all to benefit from? Why? Cause that's just the kinda guy he is! THREE CHEERS FOR THE SULTAN OF SHA! HIP HIP HOORAY! HIP HIP HOORAY! HIP HIP HOORAY! Cryptospouts Faucet-FREE DOGE! Cryptospout faucet-FREE DARKCOIN Cryptospout Faucet-FREE REDDCOIN Cryptospout Faucet-FREE LITECOIN Cryptospout Faucet-FREE PEERCOIN Cryptospout Faucet-FREE BITCOINDARK Cryptospout Faucet-FREE BLACKCOINS Cryptospout Faucet-FREE CLAMCOIN Cryptospout Faucet-FREE REDDCOINS Cryptospout Faucet-FREE PEERCOINS Cryptospout Faucet-FREE NAMECOINS Cryptospout Faucet-FREE BLACKCOINS! THECOINMINE.COM'S DOGECOIN FAUCET on a side note, thecoinmine.com is one of the best places to earn free coins by doing surveys and the usual fare like crowd flower and ad walls. No joke! i highly recommend it if y...

ALLCRYPT.COM HACKED INTO OBLIVION THIS COMES STRIGHT FROM THE ALLCRYPT.CO BLOG Posted by AllCrypt Staff on March 18, 2015 Late Sunday night AllCrypt was hacked. We spent the last few days going over logs, speaking with other crypto exchange operators and law enforcement, and here is what we know. Around 8PM on Sunday (all times EDT) our marketing director’s blog account requested a password reset. Up until the writing of this post (Wednesday morning, 10am) we do not know how the thief managed to know the marketing director’s (will refer to this as MD from here) account. Our best guess is it was an educated guess based on info found (more on that in a moment). The MD saw this email come in, and forwarded it to myself, and another team member (a technical lead/temporary assistant support staff), letting us know what happened and that he did not request the password reset. I did not see the email at the time, as I was out, and it was not a huge red flag that would require a phone...

  42 COIN Basic Info Launched: January 4,2014 By: Hendo Type: Scrypt Algo Supply: 42 Coins Speed: 42 Second Retarget: Every 7 Minutes Reward: 0.00000010 Block reward for the first 419 blocks, Blocks 420+ are 0.00004200 block reward Reduction: Premined: 52.5 million DGB for giveaways over first two months to encourage adoption of DGB. Fees: 0.00000001 Website: Source: History and concepts  behind the 42 COIN! ____________________________ _ ___   ____________________ 42Coin (42) The premise behind 42 Coin is its rarity with only 42 coins to ever be created, anyone with a computer can easily join the network to start mining, accepting and sending 42 coin payments for personal or business reasons. 42 Coin is similar to Bitcoin with its financial system and user friendly features that allows users to send and receive coins with anyone in the world using digital addresse...

Chaotic Moon Studios, a creative technology studio in Austin, awed South By Southwest Interactive Festival attendees with their futuristic fitness application, FitCoin. While other fitness trackers only calculate, Chaotic Moon's FitCoin motivates, with cash. The app measures the length and intensity of a workout and converts it to CPU time on a bitcoin mining rig. The more users workout, the more digital currency they mine. Get fit, get rich, or die mining. "This concept combines two of our specialties: looking good and making money," said Chaotic Moon CEO, Ben Lamm. "We're always trying to turn existing habits into new opportunities to make money—this one was an obvious fit." FitCoin syncs with a user's fitness tracker to log vital variables from a workout: including duration, intensity, and distance. Chaotic Moon's proprietary algorithm then determines the amount of bitcoins earned during each session. FITCOIN- I WORK OUT! "At ...

Getting Started With Mazacoin Mazacoin (or MZC) is a digital currency that requires no trust in a central authority. It’s based on the software behind Bitcoin. At its core, Mazacoin is a software program that anyone can run on their PC or Android device, and some rules for computers to communicate. This wallet software creates and keeps track of addresses. A Mazacoin address is a string of 27-34 characters that begins with an ‘M’. To send someone mazacoins, all you need to know is an address that they own. With the wallet software, you can freely generate unlimited addresses with the click of a button. Nobody else even knows that those addresses exist until you tell someone. For example, two people – Alice and Bob – use Mazacoin. Alice wants to send 5 mazacoins to Bob. This is a very simple and convenient process. First, Bob gets an address from his wallet, and tells it to Alice. Then, Alice enters that address and the amount of mazacoins to send it into her wallet a...

CRYPO GOES FROM SHAKY UNSURE ADOLECENT INTO A REFINED CONFIDENT YOUNG ADULT BITCOIN' GETTING A LITTLE BIT OF OVER DUE VALIDITY AND RECOGNISION IN THE COMMERNCE WORLD AS OF TODAY With the announcment of Bitpay’s integration with the P.O.S OR POINT OF SALE handling company Adyen, it means now that Facebook, Spotify, and Airbnb are among a list of thousands of merchants who may accept Bitcoin after Bitpay’s integration with the giant payment processor. Adyen has announced the integration of popular Bitcoin processing platform BitPay into its checkout services. Merchants using Ayden's services will now be able to accept Bitcoin through a single preference check without any further modification of their own site's back-end. Making the announcement early on February 3 to the International Business Times, BitPay will be hoping to see conversions among some of Adyen's 3,500 merchants globally including, Groupon, Evernote, Facebook, Spotify, Uber, Vodafone...

CRYPO GOES FROM SHAKY UNSURE ADOLECENT INTO A REFINED CONFIDENT YOUNG ADULT BITCOIN' GETTING A LITTLE BIT OF OVER DUE VALIDITY AND RECOGNISION IN THE COMMERNCE WORLD AS OF TODAY With the announcment of Bitpay’s integration with the P.O.S OR POINT OF SALE handling company Adyen, it means now that Facebook, Spotify, and Airbnb are among a list of thousands of merchants who may accept Bitcoin after Bitpay’s integration with the giant payment processor. Adyen has announced the integration of popular Bitcoin processing platform BitPay into its checkout services. Merchants using Ayden's services will now be able to accept Bitcoin through a single preference check without any further modification of their own site's back-end. Making the announcement early on February 3 to the International Business Times, BitPay will be hoping to see conversions among some of Adyen's 3,500 merchants globally including, Groupon, Evernote, Facebook, Spotify, Uber, Vodafone...