Archive for the ‘Crypto News’ Category

Dash Block Size Increase to 2 MB Has Been Accepted

22, Jan 2016

dash-logo

While the Bitcoin debate around the block size continues the alternative crypt currency Dash, formerly known as DarkCoin, has shown how a consensus about an increase of the block size can be reached quickly and efficiently. By holding a vote among its stakeholders to increase its blocksize, even if there is not yet immediate need of such an increase, from 1 MB to 2 MB a consensus has been reached within 24 hours with 99 percent of the vote for the increase. Currently each block of Dash contains less than 10 transactions on average and is justa few kilobytes in size, so there is not much need of 2 MB block size, however with the developers expecting the blocksize to grow over time the need for further increase in the not so near future can be avoided (learning from Bitcoin).

According to Coinmarketcap Dash is currently the 5th crypto currency in terms of Market Cap, however you can also say it is the third one after BTC and LTC if you take out Ripple and Ethereum due to the first being pre-mined completely and the second one with a very large initial pre-mine. Dash has some interesting and useful advantages as compared ot Bitcoin and some other crypto currencies including much faster transaction times, offering more anonymity and still being mined with GPUs only (no ASICs) using the popular X11 algorithm. Lately there have been some interesting and positive news regarding Dash that have also resulted in the price of the altcoin increasing a bit in the last few days.

Crytpsy Finally Tells The Truth for the Ongoing Issues

15, Jan 2016

cryptsy-announcement

It seems that the source of all the trouble people had with Cryptsy in the last months were caused by a hack of the crypto currency exchange that has happened over 1 year ago in which there were about 13000 BTC and 300000 LTC stolen. The big question is why Cryptsy is coming clean to its users just now and all this time they were trying to basically lie them about the various issues with coin withdraws at the exchange. It seems that they tried to cover up things expecting to recover the lost coins, but they were not able to and as a result they only prolonged the inevitable. It could be also this announcement that has resulted in the decline of the Bitcoin price we are now seeing on US and EU exchanges, while at Asian exchanges the price of BTC is still higher.

– To read the full explanation of the real issues by the Cryptsy staff on their blog…

Purchase Amazon.de Vouchers with Bitcoin using Coinimal

6, Jan 2016

amazon-de-coinimal

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 Amazon.de 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 Amazon.de voucher to top up your Amazon.de balance, which can be redeemed against purchases on the marketplace of the German Amazon making it possible to buy absolutely anything on Amazon.de 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 Amazon.de vouchers per day (€25 minimum order).

– If you want to check out the Coinimal Bitcoin to Amazon.de voucher service yourself…


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