A review of some of the most dangerous Bitcoin frauds
Some scams that many Bitcoin users may fall prey to are one of the easiest to avoid. Bitcoin, with its decentralized trading system, is open to many malicious schemes of hackers and scammers. Recent reports indicate that Bitcoin scams are on the rise. In this article we will discuss some common Bitcoin frauds.
Fortune magazine’s Daniel Roberts has reported that Benjamin Lawsky, Superintendent of the New York Department of Financial Services is finalizing a new license that will require all digital currency companies to apply for a “Bit License" before they can conduct Bitcoin transactions. This license will serve to regulate Bitcoin transactions and will help curb any illegal activities done through this crypto currency.
Bitcoin Foundation, the powerhouse of all Bitcoin funding and responsible for the development of the Bitcoin Core. The Bitcoin Core’s lead developer Gavin Andersen heads this Non-profit organization, where he works as the chief scientist.
The Core Developers, Gavin Andresen, Cory Fields and Wladimir van der Laan decided that MIT’s resource could be a valuable addition to the research and development of Bitcoin. Gavin Andresen himself announced the news on his blog. It is important to remember that BitCoin Core Developers are those founding members of the Bitcoin Foundation who have supported the Bitcoin revolution since its very early days.
February 17, 2015
The technology behind bitcoin could be even more important than the cryptocurrency itself.
Bitcoin Boulevard: Dutch neighborhood now accepting cryptocurrency
How Bitcoin Works Under the Hood
The infographic explores how Bitcoin will shape the future of online gambling, how it will work and the benefits it will bring to the table.
The mission at CryptRadio.ca is to bring a better understanding of crypto currency to the traditional fiat global community.
If you’d like to create a cryptocurrency portfolio but aren’t comfortable disclosing personal details or private information when you sign up, check out CoinFinance.
One of a kind in the crypto-currency landscape, Bitcoin-ScratchTicket.com offers an exciting yet provably fair game for all BTC aficionados. It stands out from other BTC games of chance such as Dice, Lotteries and traditional Casino games by offering a familiar experience with eye-catching graphics and player defined multilevel rewards.
A shift from trusting people to trusting math
Bitcoin is a distributed consensus network that maintains a secure and trusted distributed ledger through a process called “proof-of-work.
Why no altcoin can succeed
New ideas attract not only visionaries and pioneers but also charlatans and fools. The former group understands the nature and potential of the new idea and attempts to extend it in new ways. The latter observes the success of the former and expects similar results through blind imitation and empty hope, rather like the Melanesian cargo cults which arose after World War II when the American military abandoned its airports there.
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