Archive for the ‘Crypto News’ Category

Did You Get Your MtGox Post Card from the Tokyo District Court

2, Jul 2014

mtgox-post-card

It seems that the Tokyo District Court of Japan has sent post cards to all of the MtGox users detailing what is happening and what procedures will be taken from now on regarding the order of commencement of bankruptcy proceedings for the MtGox. People have started receiving these notices by mail and today we also just got our notice. The contents of the card are apparently identical, so no personal information such as what is the amount of BTC or cash you’ve had in the exchange when it was closed, but you can still check your balance from the official website.

mtgox-post-card-2

Here are the details from the post card we have received in English, there is also a Japanese version on the other side that we did not scan. We expect that every user of MtGox will be getting one of these, so if you were using the Bitcoin exchange you are most likely going to get one too if you still haven’t. So don’t be surprised if/when you get one of these in your mailbox in the following few days…

Mining Rig Rentals Adding Support for New Algorithms

28, Jun 2014

miningrigrentals-new-algorithms

The service offering users to sell their hashrate or rent mining rigs MiningRigRentals has added support for some new algorithms such as the new X15, as well as for Groestl, Nist5 and Keccak. Of course the service offers the quite popular at the moment X11 and X13 mining rigs as well as Scrypt, Scrypt-N and Sha-256, Blake-256 though these can also be found on other alternative services. If you are mining for coins or are willing to sell your hashrate in the service make sure that you are using the latest miners that offer the highest possible performance that were released in the last few days. Currently there are still not many rigs available for renting for the new algorithms, but since the interest in these is increasing we are probably soon going to see more rigs available for rent.

– For more information about the Mining Rig Rentals service for renting crypto mining rigs…

Intuit’s QuickBooks to Help Small Business to Start Accepting Bitcoin Payments

25, Jun 2014

intuit-quickbooks-bitcoin-payments

Today comes another very interesting announcement coming from Coinbase that will help the adoption of Bitcoin as an alternative form of payment for products and services. They have partnered with Intuit’s QuickBooks Online to offer PayByCoin, a new service that will enable small businesses to accept bitcoin payments. Check out a site like https://www.fourlane.com/intuit-quickbooks-enterprise/ for more info on the use of Intuit’s QuickBooks.

 

How does it work?

  • Small business operators register with Coinbase and link their bitcoin wallet to their QuickBooks Online account.

  • When a customer receives an invoice, they now have the option to pay by bitcoin, in addition to existing methods such as credit cards and bank transfers, while also for business manage employees they should learn the paystub issues to avoid so they don’t have any issues with this.
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  • Intuit does not currently charge a fee for this new service. Coinbase does not charge any fees for the first $1,000,000 USD in bitcoin transactions; after that, a 1% payment processing fee with be charged when converting bitcoin to USD.

 

Just last year, Intuit processed approximately $40 billion USD in payments and by making bitcoin payment an option for the 624000 small businesses using QuickBooks Online this can significantly help in the mainstream adoption of Bitcoin as an alternative form of payment.

– For more information on the Bitcoin integration you can visit Intuit’s PayByCoin page here…


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