Archive for the ‘Crypto News’ Category


European users have another interesting opportunity to purchase using Bitcoin from the German Amazon store thanks to the Austrian bitcoin start-up Coinimal. The service originally allowed users to buy crypto currencies or sell them and transfer the money via a SEPA bank transfer in Europe or to convert Bitcoin and send the money in your PayPal account, something that we have tested and can confirm works pretty well.

You can now also receive vouchers in exchange for your Bitcoins with the process apparently being entirely automatic. You need to send BTC to Coinimal, and after just 1 to 3 blockchain confirmations you should receive a voucher code immediately by email and there should be no fees at all for the conversion. You will be getting a standard voucher to top up your balance, which can be redeemed against purchases on the marketplace of the German Amazon making it possible to buy absolutely anything on for Bitcoin. For this service no verification is required, with only an email address, any customers should be able to purchase up to €5000 EURO of vouchers per day (€25 minimum order).

If you want to check out the Coinimal Bitcoin to voucher service yourself…


It seems that tying together Gold and Bitcoin is getting more and more popular as one of the large European Bitcoin exchanges Bitstamp has just announced that they are now also offering a new method of withdrawing funds in the form of physical gold to their EU clients. The Bitcoin exchange has partnered with Moro & Kunst d.o.o. – an internationally recognized precious metals reseller operating in Slovenian, Austrian and Croatian financial market since 1993. Gold prices are quoted in USD and updated every 5 minutes and at the moment, purchase is only available with USD. Before submitting an order, USD balance must be available, so this means that you need to sell BTC for USD first and you cannot yet directly exchange Bitcoins for Gold. Fully insured gold shipment comes with a tracking number and will be delivered within 2 to 5 business days after the order is placed with optional personal pickup also available in Ljubljana, Slovenia. The service is currently only available in: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Republic of Ireland, Romania, Slovakia, Slovenia, Spain, Sweden, United Kingdom.

There are already quite a few companies that allow you to buy physical Gold with Bitcoin and there is also BitGold that allows you to buy Gold with BTC as well and use it as a means for everyday digital payments. So the options to turn a crypto currency such as Bitcoin to Gold and either spend it for payments or get it in physical form as a long term investment are there, but the question that is more important is if it is worth doing this at the moment. Gold has been a good long term storage of value for ages, but keeping Bitcoins has the potential of good profit on the long term with the increase of the value of the coin, though this is also riskier. Then again why should you stay with everything invested into a single thing such as BTC, a good investment broker would always advice you to diversify your portfolio and that does not mean in other crypto currencies only.


Genesis Mining, the world’s leading bitcoin cloud mining provider, announced their most significant milestone yet today: the acquisition of their 100,000th customer.

Since launching in early 2014, Genesis Mining has separated themselves from the competition with their dedication to transparency, community activism, and constant innovation, which has allowed the company to scale faster and more effectively than many other companies in the industry.

In July of this year, the company announced Genesis Hive, a tool that provides enterprise-level cloud mining management to mining companies and providers.

In August of this year the company announced Life Inside a Bitcoin Mine, which gives users the ability to watch a live stream directly from one of the Bitcoin mines the company operates in Iceland.

In September of this year, the company announced the launch of X11 cloud mining, a service that allows customers to mine via an alternative algorithm.

And in October of this year the company announced their U.S.-based Bitcoin advocacy campaign aimed at raising awareness about Bitcoin for mainstream audiences. The campaign launched in San Francisco, Los Angeles, Miami, Boston, and Chicago and featured a variety of creative taxi ads, billboards, and street signs.

To celebrate this important milestone, lucky customer number 100,000 will receive $1,000 in free hashpower. Additionally, Genesis Mining will be giving all customers a discount of 11% for all orders purchased on Black Friday.

Marco Streng, CEO and Co-founder of Genesis Mining, stated, “We are truly thrilled and honored to reach this milestone. We focus a tremendous amount of our efforts on customer service and reaching this goal is directly related to our dedication to ensuring their satisfaction. 100,000 customers is amazing but we already have our sights on a much larger goal for 2016: 500,000 happy customers.”

Genesis Mining plans to continue their creative marketing efforts and dedication to product development over the upcoming year and will be announcing new products, services, and marketing campaigns very soon.