Posts Tagged ‘Bitcoin (BTC)’

Inside Bitcoins – The Future of Virtual Currency Conference

17, Mar 2014

inside-bitcoins-conference

The upcoming Inside Bitcoins conference will tackle the hard issues surrounding the recently-mainstreamed cryptocurrency, the event will take place in New York City, USA for two tracks of programming on April 7-8 at the Javits Convention Center. More than 80 speakers are expected that are industry experts and business visionaries converge to analyze the first digital, decentralized, peer-to-peer based global currency. Attendees will gain insight into the future of bitcoin through carefully-curated information sessions including “Politics, Press and Regulation: Bitcoin in Washington, DC”, “Bitcoin in the Cloud”, “Wall Street’s View of Fair Value for Bitcoin”, “The State of Bitcoin Security”, “The Bitcoin Startup Ecosystem”, and more. The recent issues surrounding the crash of one of bitcoin’s earliest and largest exchange sites will be explored in the newly-added session, “MtGox: Collapse of a Bitcoin Giant”, taking place on April 8. Join us at Inside Bitcoins New York and get the answers to all of your questions surrounding the current state of bitcoin.

Who is this event for? The answer is anyone with a vested interest in Bitcoins and other virtual currencies, including, but not limited to: Developers, Entrepreneurs, Financial professionals, Private equity, corporate, angel and venture capital investors, Banks and financial institutions, Brick-and-mortar merchants and online retailers, Credit and loyalty solution providers, Consultants, Daily deal and group buying networks, Data and payment processors, Legal professionals, Security solution providers, Founders of early stage and emerging growth companies. For the moment a one day conference pass is available for $399 USD and the full conference pass is available for $499 USD, though these are early bird access prices – the onsite prices will be higher.

– For more information about the Inside Bitcoins conference and the event agenda…

MtGox BTC Exchange Rate Lower Than Other Exchanges

9, Feb 2014

mtgox-btc-low-exchnage-rate

This is something interesting, usually MtGox has significantly higher exchange rate for BTC/USD than on other Bitcoin exchanges, but now the exchange on MtGox is actually lower than on other exchanges. The reason for that might be related to a problem that the exchange currently has with BTC withdraws, so maybe now more people are exchanging and withdrawing in cash. Below you can find the official statement regarding the problem from MtGox, the good news it that everything should be back to normal in Monday… hopefully.

Dear MtGox Customers,

In our efforts to resolve the issue being encountered by various bitcoin withdrawals, it was determined that the increase in the flow of withdrawal requests has hindered our efforts on a technical level. To understand the issue thoroughly, the system needs to be in a static state.

In order for our team to resolve the withdrawal issue it is necessary for a temporarily pause on all withdrawal requests to obtain a clear technical view of the current processes.

We apologize for the sudden short notice. All bitcoin withdrawal requests will be on pause, and the withdrawals in the system will be returned to your MtGox wallet and can be reinitiated once the issue is resolved. The trading platform will perform as usual for the needs of our customers. 



Our team will resolve this problem as soon as possible and will provide an update on Monday, February 10, 2014 (JST).



We deeply apologize for the inconvenience caused, and thank you for your kind support and considerations. 


Sincerely,

The MtGox Team

New Higher Bitcoin Difficulty For the Next 2016 Blocks

5, Feb 2014

new-bitcoino-dfficulty-increase-chart

The Bitcoin Difficulty has just gone to 2,621,404,453 up from 2,193,847,870 or with other words we have an increase of 19.49%. It is interesting to note that the increase of difficulty this time is the lowest in terms of percentage than the increase of the previous five times. So less than 200% is not bad at all for the moment, giving us some more time before the Terahash ASICs start appearing on the market and the difficulty starting to grow at a much higher pace. Luckily we’ll probably have another difficulty increase before users start receiving their pre-ordered THS ASIC devices and we are probably looking at another 20-25% for the next difficulty increase.

– Bitcoinwisdom is a good place to keep a track on Bitcoin difficulty…


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