Bitmine.ch – How’s a bitcoin miner made – Episode #1

"Bitmine presents its first video about how our Bitcoin mining devices are made. In this episode you'll have a sneak preview of our electronic circuits assembly facility and you'll see how the strict quality controls of Bitmine are accomplished in bringing you the best quality miners." Continue reading

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Coinbase: First $1,000,000 USD in merchant processing is now free!

"We’ve long believed that merchant adoption is key to bitcoin going mainstream, and the next large phase of bitcoin usage will be as customers spend their bitcoin with more merchants. With that in mind, we wanted to lower all barriers for new merchants to get started, and help highlight some of the economic benefits of accepting bitcoin. Today we’ve decided to announce free processing on your first $1,000,000.00 USD in orders for all merchants. This waives our previous fee of 1%. For your first one million USD (equivalent at the time of purchase) in bitcoin merchant orders our fee will be 0%." Continue reading

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Inside the Bitcoin advocates’ closed-door meeting with federal regulators

"The U.S. government took the latest step toward regulating virtual currencies on Monday as representatives from the Bitcoin Foundation met behind closed doors with federal officials in Washington. Attendees say the meeting was cordial, with regulators listening carefully as Bitcoin advocates warned that excessive regulation could drive innovation in virtual currencies overseas. Nearly a dozen high-level agencies were in attendance, including the Justice Department, the Federal Bureau of Investigation, the Department of Homeland Security, the Internal Revenue Service, the Secret Service and the Financial Crimes and Enforcement Division (FinCEN) of Treasury, which convened the discussion." Continue reading

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Passing Over Eisenhower

"Almost all of the major Internet industry giants are based in the United States. The tradition of strong entrepreneurship practiced in the US since their inception, mixed with their purchasing power and history of acquiring any sufficiently profitable venture or fascinating technology from abroad, has put the US into a prime position to be the global leader in provision of Internet services. That may just have ended. While US dominance over the roughly $11 trillion/year global Internet services market is still unchallenged, the damage that the revelations made about NSA’s vast global surveillance scheme may stymie their growth and perhaps even turn them into a localized recession." Continue reading

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Snapchat market value hits $800 million

"The startup behind a Snapchat application for sharing self-destructing smartphone photos and messages got a dizzying valuation on Monday in a new funding round. Reports that the company launched in late 2011 had raised $60 million from investors hit the Internet along with word that people are sharing more than 200 million ‘snaps’ daily. The startup said that it has been operating on a tight budget and will use the infusion of cash from investors to beef up its engineering team and server capacity. Snapchat has stirred controversy for its potential to be used to share risque pictures that are automatically deleted, like any ‘snaps,’ within ten seconds of receipt." Continue reading

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How can you buy illegal drugs online?

"Imagine if there were an Amazon.com for drugs. That, roughly, is what the Silk Road, a mail-order drugs service hidden in the dark parts of the internet, tries to be. Many drug users cannot wait two or three days for delivery of their next hit. But it is all a lot easier than waiting for the man. The police may not agree. Still, there is probably less chance of a drug deal on the Silk Road turning into a murder scene, and customer reviews may be a better guide to quality—and so the risk of overdose and death—than a street-corner salesman’s patter. Buying a line online has never been easier." Continue reading

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E-ppointments

"Right after 8.30am is a busy time for the ill in Britain. People must call up in the morning to book an appointment later in the afternoon. Come opening time, the phone lines are jammed with hacking, spluttering sick people trying to beg an audience with their doctor. Being able to book appointments online and outside of office hours not only makes life easier for patients, but gives them more choice. Zesty, a start-up based in London, has signed up 200 dental practices across ten London boroughs since launching at the end of April. Investors including Jeff Bezos, founder of Amazon, have put $95m into ZocDoc, an American health tech company, since its launch in 2007." Continue reading

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