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Today 15 news :

  • The real reason to own Bitcoin, par brotherjohn, 31 May 2017

    Wednesday 31 May 2017 :: Silver For The People - The Blog » bitcoin :: RSS / Simon Black / May 31, 2017
    In 1483, just as Johannes Gutenberg’s new moveable type printing press was spreading across Europe, Sultan Bayezid II of the Ottoman Empire issued a staunch decree banning the machine from his realm.
    At the time the Ottoman Empire was the dominant superpower in the world, having conquered most of the Middle East, North Africa, and southeastern Europe.
    But Bayezid was afraid of the new technology.
    He and his advisors felt that the printing press would too easily allow information and new ideas to spread across his empire.
    And they believed this would threaten their control and offend the religious establishment.
    So not only did Bayezid ban the printing press, he imposed the death penalty upon anyone caught using one.
    The Ottoman Empire remained so closed off to new ideas, in fact, that the only western book to be imported and translated for the next 3 centuries was a medical text on the treatment of syphilis.
    The post The real reason to own Bitcoin appeared first on Silver For The People. Read more brotherjohn
  • Control Finance, 31 May 2017

    Wednesday 31 May 2017 :: Alltop RSS :: RSS
  • Control Finance, 31 May 2017

    Wednesday 31 May 2017 :: Alltop - bitcoin :: RSS
  • Stratum + MPOS pool question, par dooode, 31 May 2017

    Wednesday 31 May 2017 :: litecoin questions on Stack Exchange :: RSS
    This is the first pool I have configured so forgive my n00bness. I completed the guide and everything appears to fire up correctly though when a client connects, he only receives rejections.
    What step am I missing? I have a suspicion that being on a 'test network' vs the Litecoin network via the 'how to' is a little suspicious, but I am new to the software and not sure how it works yet.
    I have no firewall
    asterisk1 home # ./minerd -o stratum+tcp:// -O -t 1
    [2014-01-26 19:42:40] Starting Stratum on stratum+tcp://
    [2014-01-26 19:42:40] 1 miner threads started, using 'scrypt' algorithm.
    [2014-01-26 19:42:40] stratum_recv_line failed
    [2014-01-26 19:42:40] ...retry after 30 seconds
    asterisk1 home # ./minerd -o stratum+tcp:// -O -t 1
    [2014-01-26 19:43:21] Starting Stratum on stratum+tcp://
    [2014-01-26 19:43:21] 1 miner threads started, using 'scrypt' algorithm.
    [2014-01-26 19:43:21] Stratum connection failed: Failed connect to; Connection refused
    [2014-01-26 19:43:21] ...retry after 30 seconds
    or at best
    Read more dooode
  • Bitcoin – Seasonal Weakness in the Summer, par brotherjohn, 31 May 2017

    Wednesday 31 May 2017 :: Silver For The People - The Blog » bitcoin :: RSS /  / May 31, 2017
    Returns One Can Only Dream Of
    When I heard about Bitcoin for the very first time in May of 2011, it traded at eight US dollars.
    As I write this, almost exactly six years later on May 20 2017, it has broken through the USD 2,000 barrier for the first time [ed. note: since then it has streaked even higher].
    If I had invested USD 1,000 when I first became aware of it, I would have made a profit of USD 250,000 – the kind of return one can normally only dream of!
    Consider though that prior to that juncture, the price had already increased by a factor of 160 within just a few months, as it stood at a mere 5 cents in July 2010.
    USD 1,000 invested at that time would have become USD 40 million in less than seven years!
    The post Bitcoin – Seasonal Weakness in the Summer appeared first on Silver For The People. Read more brotherjohn
  • Consensus 2017 Lesson: Luxury Products are Going on the Blockchain, par gsbtc, 31 May 2017

    Wednesday 31 May 2017 :: GoldSilverBitcoin :: RSS
    (Gold Silver Bitcoin) – $450 million RMB on a blockchain. That’s what VeChain brings to the table in the world of blockchain. It’s really the most promising blockchain use case out of China – and there are many.
    It’s tough to know what is going on behind the Great Firewall, but by all accounts, blockchain is is growing very popular there. Big exchanges have begun to add Ethereum to their trading platform just months after meeting with central bank officials to discuss the future of the digital currency in China.
    BitSE, which designed the in-production blockchain VeChain used by companies like Babyghost to place merchandise on a blockchain, plans to add to the already two million products on its application, which is a permissioned fork of Ethereum.
    VeChain, which joined PwC’s incubation program late last month, deployed its application last year, and it was first used by fashion company Babyghost in a fashion show to give attendees an interactive, fashion show experience.
    Bitse’s VeChain, designed for luxury goods, not only boasts its partnership with Babyghost, but, also, represents one of the biggest wine importers in China.
    BitSE’s tag sits on top of the wine bottle, and the chip monitors vibrations, temperature and other characteristics throughout the wine supply chain. When the bottle is opened, the tag is destroyed – theoretically, just prior to consumption.
    VeChain’s focus has been on expanding its business into Southeast Asia.  Towards that end, the company joined PwC’s incubation program.
    Raymund Chao, PwC Greater China Chairman said: “Embracing advanced technology for growth becomes the top priority for many business sectors. Innovative applications and solutions could improve the effectiveness of supply chain, brand reputation, and even customer experience. We are excited about the joint initiative between PwC and BitSE and the VeChain services we provide that could help our clients achieve greater success. I envisage our services will create an impact and deliver on our firm’s purpose of building trust in society and solve important problems.”
    Oon Jin added: “Disruption is here to stay in our current volatile business environment and it brings both opportunities and challenges. We firmly believe that it is through embracing disruptive change that allows innovation to flourish. This is an exciting milestone for us, and we are confident that together with VeChain we will bring more value to the marketplace through collaborative innovation.”
    The post Consensus 2017 Lesson: Luxury Products are Going on the Blockchain appeared first on Be well. Read more gsbtc
  • Europe, the next chapter, par Zeeshan Feroz, 31 May 2017

    Wednesday 31 May 2017 :: Coinbase Blog :: RSS
    We opened our doors to users in Europe back in 2014. Since then, we have steadily seen our user base grow and the last 6 months have been our strongest ever. The United Kingdom is our fastest growing market with Switzerland, Spain and France close behind.

    So, we’re taking the next step in our transition to a truly global organisation. We have big plans for the year ahead. I’ll be providing regular updates here as we build out our European product. To kick things off, we are announcing the opening of a new office in London. This will serve as the hub for our European operations and help us better service our customers. The teams based here, will focus on delivering an experience that is native to countries we support.
    Here is what you can expect in the next 12 months:
    • Better localisation — We’ll be improving the UX, starting with the onboarding experience. Expect support for more fiat currencies and languages to follow.
    • Local payment methods — We’ll be adding alternative payment methods, making it easier to add and withdraw funds from your Coinbase account.
    • Customer support — We are making a significant investment in customer support. Expect quicker response times and support in local timezones.

    This is only the start and we are all incredibly excited by the potential digital currencies have to grow in Europe. Watch this space!
    Sign up for a Coinbase account here.
    We also have some exciting updates for EU users of GDAX, find out more here.

    Europe, the next chapter was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story. Read more Zeeshan Feroz
  • Is Bitcoin Standing In For Gold?, par brotherjohn, 31 May 2017

    Wednesday 31 May 2017 :: Silver For The People - The Blog » bitcoin :: RSS / Paul Craig Roberts and Dave Kranzler / 
    In a series of articles posted on, we have proven to our satisfaction that the prices of gold and silver are manipulated by the bullion banks acting as agents for the Federal Reserve.
    The bullion prices are manipulated down in order to protect the value of the US dollar from the extraordinary increase in supply resulting from the Federal Reserve’s quantitative easing (QE) and low interest rate policies.
    The Federal Reserve is able to protect the dollar’s exchange value vis-a-via the other reserve currencies—yen, euro, and UK pound—by having those central banks also create money in profusion with QE policies of their own.
    The impact of fiat money creation on bullion, however, must be controlled by price suppression. It is possible to suppress the prices of gold and silver, because bullion prices are established not in physical markets but in futures markets in which short-selling does not have to be covered and in which contracts are settled in cash, not in bullion.
    Since gold and silver shorts can be naked, future contracts in gold and silver can be printed in profusion, just as the Federal Reserve prints fiat currency in profusion, and dumped into the futures market. In other words, as the bullion futures market is a paper market, it is possible to create enormous quantities of paper gold that can suddenly be dumped in order to drive down prices. Everytime gold starts to move up, enormous quantities of future contracts are suddenly dumped, and the gold price is driven down. The same for silver.
    The post Is Bitcoin Standing In For Gold? appeared first on Silver For The People. Read more brotherjohn
  • SEC Asks for $12 Million from GAW miners, par (dinbits), 31 May 2017

    Wednesday 31 May 2017 :: dinbits XBT News :: RSS

    The Securities and Exchange Commission (SEC) is asking a Connecticut federal court order Josh Garza and his mining companies. GAW Miners, and ZenmMiners, to pay more than $12 million in reimbursement and civil penalties.

    The proposed order for entry of default judgment filed in the U.S. District Court for the District of Vermont, GAW Miners and ZenMiner "failed to plead or otherwise defend in this action ..." and there is "a reasonable and satisfactory factual basis for default judgment and that a further hearing is not warranted."

    The order will restrict the two companies. listed as GAW MINERS, LLC and ZENMINER, LLC (d/b/a ZEN CLOUD), activities however does not affect what Garza does personally, which is the actual problem to begin with. Garza is still negotiating with SEC on resolving the claims against him.

    The SEC, in its proposed order, is asking for $10,078,331 plus interest from profits made in their illegal Ponzi-Garza scheme and an additional $2 million in civil penalties.

    GAW Miners and ZenMiner will be "permanently restrained and enjoined from violating, directly or indirectly ..." Securities Exchange Act regulations, and to not "engage in any act, practice, or course of business which operates or would operate as a fraud or deceit upon any person."

    This is a proposed judgement in the SEC case filed against Garza in late 2015.

    According to court documents filed by the SEC, by Garza and GAW:

    "...sold far more Hashlets worth of computing power than they possessed. Garza and his companies also made numerous false and misleading statements about their virtual currency mining operations to potential and actual investors," 

    The proposed final judgement was filed on May 29th.

    Although $12 million sounds like an incredible amount of money for a broke company to shell our, be cognizant of the fact that GAW miners raked in over 19 million of folks money for a non-existent Hashlet. The original complaint states specifically:

    1. Defendants earned about $19 million in revenue from their sales of Hashlets.
    Note this is separate from the criminal case against Garza, in which Garza plead guilty to last month, this is a civil case against Garza and the two entities.

    Thus far Garza has used the Fifth Amendment refusing to answer anything, no explanations, no countering testimony, no answers, not a word out of the man ... which is hilarious coming from a guy that would never shut-up .

    Article by dinbits
    Edited by: Alba Gei
    Image Credits:
    Banner Image by staff

    The opinions expressed by authors of articles linked, referenced, or published on do not necessarily express, nor are endorsed by, the opinions the of or its affiliates.

    Read more (dinbits)
  • Plastic surgery patients face extortion in wake of clinic data breach, par John Leyden, 31 May 2017

    Wednesday 31 May 2017 :: The Register :Bitcoins :: RSS

    Nip/tuck hack

    Thousands of private photos have been leaked by cybercriminals following the hack of a Lithuanian cosmetic surgery clinic. Read more John Leyden
  • EXANTE iOS and Android apps updated, 31 May 2017

    Wednesday 31 May 2017 :: EXANTE company news :: RSS
    Swipe left to make orders and add instruments in your updated applications. Read more
  • WannaCry Ransomware Attack Linked To China, Not Russia Or North Korea, par Cheery, 31 May 2017

    Wednesday 31 May 2017 :: Silver For The People - The Blog » bitcoin :: RSS / by Tyler Durden / May 30, 2017
    A few weeks ago, in what was described as one of the “worst-ever recorded attacks of its kind,” the WannaCry ransomware virus spread the globe at an alarming rate, seizing control of private networks and demanding bitcoin payments to relinquish that control.  As we pointed out then, and not terribly surprisingly, those pesky “Russian hackers,” the same ones that lay relatively dormant for years then suddenly emerged from hibernation in 2016 to hack the DNC, John Podesta and the entire 2016 U.S. presidential election, were initially considered to be the most likely culprits for the WannaCry virus.

    Finally, there is the question who is behind this coordinated global attack. Not surprisingly, Russia has been named. There is a high-probability that Russian-language cyber-criminals were behind the attack, said Aleks Gostev, chief cybersecurity expert for Kaspersky Labs. “Ransomware is traditionally their topic,” he said cited by Bloomberg. “The geography of attacks that hit post-Soviet Union most also suggests that.”

    But, while blaming the Russians was undoubtedly the most convenient solution for advancing the mainstream media’s “Russian hacking” narrative, like much of what has been reported over the past 6 months, it may have not been grounded in reality and/or supported by facts.  As the BBC reports today, new analysis from Flashpoint suggests that the WannaCry virus may have instead emerged from China.
    The post WannaCry Ransomware Attack Linked To China, Not Russia Or North Korea appeared first on Silver For The People. Read more Cheery
  • 100 Zcash: Shadow Brokers announces the price of its exploit subscription service, par Duncan Riley, 31 May 2017

    Wednesday 31 May 2017 :: SiliconANGLE » bitcoin :: RSS
    The notorious hacking group Shadow Brokers have revealed more details on its new exploit as a service offering, and for both black-hat and white-hat hackers, access to the trove of exploits won’t come cheap. The service, simply called “TheShadowBrokers Monthly Dump Service,” will cost those interested in subscribing 100 ZCash a month, currently worth approximately […]
    The post 100 Zcash: Shadow Brokers announces the price of its exploit subscription service appeared first on SiliconANGLE. Read more Duncan Riley
  • Sponsor's message: Tackling data privacy to unlock the power of big data analytics, 31 May 2017

    Wednesday 31 May 2017 :: Finextra Research Payments channel :: RSS
    Tackling data privacy to unlock the power of big data analytics Read more
  • The cryptocurrency universe keeps expanding, par Jeff Desjardins, 31 May 2017

    Wednesday 31 May 2017 :: Business Insider: Bitcoin :: RSS
    Bitcoin is the original cryptocurrency, and its meteoric rise has made it a mainstay of conversation for investors, media, and technologists alike.
    In fact, the innovation of the blockchain is changing entire markets, while causing ripples with central banks and the financial industry. At time of publication, the bitcoin price now hovers near US$2,200, a massive increase from this time last year.
    But the true impact of Bitcoin is actually far more reaching than this – it’s actually helped to birth new markets for over 800 other cryptocurrencies and assets that are available for online trading. And while the market for bitcoins is worth nearly $40 billion itself, the rest of these cryptocurrencies are actually worth even more in combination.


    For the first time since Bitcoin was founded, it now makes up the minority of the entire cryptocurrency market at about 47.9% of all coins and assets.
    cryptocurrency marketperc
    So what are the other altcoins that make up the rest of this universe, and where did they come from?
    Litecoin is one of the first altcoins, and it is nearly identical to Bitcoin after being “forked” in 2011. Litecoin aims to process blocks 4x faster than Bitcoin to speed up transaction confirmation time, though this creates several other challenges as well. At time of writing, Litecoin’s market capitalization is worth $1.3 billion.
    Ethereum, launched in 2015, is the largest coin by market capitalization aside from Bitcoin. However, it is also quite different. While Bitcoin is designed to be a payments protocol first, Ethereum enables developers to build and deploy decentralized applications, while also enabling smart contracts. The tokens used to power the network are called Ether, but they can also be traded online. At time of writing, Ethereum’s market capitalization is $15.4 billion.
    Also interesting: the Ethereum network actually split into two in 2016. It’s a complicated situation, but read about it here. There is now a separate Ethereum, based on the original Ethereum blockchain, trading as “Ethereum Classic” with its own market capitalization of $1.4 billion.
    Ripple (XRP) is the native currency of the Ripple Protocol – a broader catch-all for an open-source, global exchange. It’s already being used by banks such as Santander, Bank of America Merrill Lynch, UBS, and RBC. It solves a different problem than Bitcoin, allowing for settling payments between different currencies and even different payment systems. Today, Ripple’s native coin (XRP) has a market cap of $10.9 billion.
    Courtesy of: Visual Capitalist

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