New York-Bitcoin Exchange Coinsetter applied for BitLicense to legalize business. Thus, the company will continue to operate in the state of New York.

The company announced the filing of the application to the Department of Financial Services in New York City in a press release sent to the editor CoinFox. After receiving the license, the company will be able to officially provide services to residents of the "big apple".

CEO Yaron Lukashevich said:
"While we are serving a global base of Bitcoin traders, New York has long been our home. And we are very pleased to announce that Coinsetter maintain its head office in New York, the world capital of banking and financial technology, and will continue to serve customers who live in this state. "

Executive Director Coinsetter added:
"Despite the fact that our industry this question is often linked with the contradictions, in some states a license is a prerequisite for doing business Bitcoin. Execution of license obligations plays an essential role in ensuring the long-term and sustainable service to our customers. Some Bitcoin exchange, decided to discontinue activity in New York. We go on a difficult path to convince New Yorkers continue to use the services of Bitcoin-exchange high-level. "

Recall that the companies providing services related to digital currency, New Yorkers had to apply for a license until August 8. BitLicense suggests that Bitcoin companies must abide by very strict rules established for combating money laundering and filing of an application would cost them 5 thousand dollars. If the license is denied, the company is obliged to immediately stop the work in New York.

Coinsetter offers to individual customers and businesses services margin trading, relying on the professional experience of experts from Wall Street. One of the characteristic features of the company is the ability to trade on the stock exchange to send a money transfer to the bank.

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Visa offers a laboratory for research and bitcoin blockchain

According to media reports, Visa - a leading global system of credit card processing - begins to study technology and Bitcoin blockchain. In an interview with Livemint, the second largest newspaper in India, Chief Technology Officer Rajat local unit of Visa Tarnezha said that research will be carried out in the laboratories of innovation and Visa Checkout mVisa products, which focus on the implementation and improvement of innovative products. This news came as a surprise after a long period of rejection by kriptovalyutnyh technologies.

Visa representatives have previously stated that they saw in the technology Bitcoins competitive threat to their business. However, later they admitted that perhaps will support Bitcoin as a means of payment. Tarnezha told the media: "The Indian unit is already in the team, which will work together with our research laboratories in the US and Singapore for studying aspects of the use of technology blockchain." 

In the office of Visa in Bangalore, according Tarnezha already operate 400 Indian engineers and soon their number will increase up to 1000. Almost all of them will engage in research and blokcheyna Bitcoins. Visa is considering partnerships with different companies, including Infosys and Tata Consultancy Services, which are also aimed at the integration projects based on blockchain.

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Exchange meXBT opens the Asian market with the acquisition of a brokerage firm in Singapore.

Bitcoin Exchange Mexican-meXBT bought known brokerage firm in Singapore CoinRepublic. An undisclosed amount by the parties.

As follows from the blog on the website of the company, the acquisition will allow the Exchange to establish links with a network of local banks, financial institutions and exchanges digital currency in this fast growing region. The company's presence in Singapore, the financial center, opens the door to the Asia-Pacific market, will be the starting point for the establishment of international payment exchanges between Mexico and Asia.

The brokerage firm CoinRepublic, founded in 2013 by David Moksovittsem, is one of the largest players Bitcoin industry in Singapore. In turn, the merger with Bitcoin exchange-CoinRepublic provides more favorable exchange rates, as well as access to the market indicators in real time.

According to the portal NewsBTC, Joel Cano, chief operating officer of Bitcoin exchange-stated the following:
"With our platform using Bitcoin as a system of mediation, the transaction between the companies in Singapore and Mexico may be performed in a few minutes." He added that the company "uses the technology of the latest generation, combined with serious legal and tax base by offering more attractive commissions compared to the standard financial market."

Myron Gabriel, founder and CEO meXBT said that integration with brokerage firm will be completed within three months, after which their brand will be officially launched in Singapore.

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Cryptocurrensy Coinbase operator launches a new version of IOS App.

Service Bitcoin wallets Coinbase in his blog to share the latest set of updates, including a new version of the app for iOS. This update provides identity verification, instant Bitcoins and errors. In addition, the company has also been able to expand its operations in Romania, which allows it to offer its services in the 26 countries.

Other recent upgrades include a client library for PHP and Python, released for Wallet API, major fixes in the client library Ruby and error messages in the API Exchange. From the perspective of a web application, Coinbase simplified navigation and separated commercial and consumer functions. The company also made several improvements in the algorithm Bitcoin wallet, and launched a new version on its web service.

In his blog Coinbase will continue to spread announcements of upgrades for the community, hoping to get feedback and improve their products. Users can post ideas on this website for updates.

The latest version of the application for iOS (1.10), users can transfer funds directly from the USD, GBP, EUR in their wallets Bitcoin, and European customers can verify their identity in the application. The latest version requires IOS 7.1 and is optimized for iPhone 5, iPhone 6 and iPhone 6 Plus, although they are also compatible with the iPhone Touch, iPad and iPod.

Coinbase company was founded in 2012 and offers online Bitcoin wallet and services platform kriptovalyutnyh. It currently boasts 2.4 million users and 3.8 million purse. Through the API company also works with 40,000 merchants and 7,000 developers.

Over the past two years, she was able to attract $ 106 million in funding from investors such as Andreessen Horowitz, BBVA, Ribbit Capital, SVAngel, IDG Ventures, as well as Adam Draper Greg Kidd and Gary Tan.

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Bitcoin exchange rate dropped to $ 265.

At the weekend the value of digital currency Bitcoin dropped from $ 280 to $ 265.

According to the index CoinDesk, Bitcoin collapse occurred on Saturday afternoon. At 14:00 MSK it was about $ 280, and by the end of the day the rate dropped nearly to the level of $ 260.

On Sunday virtual currency regain some lost value. In the night from Sunday to Monday its rate has hovered around $ 264.

During the course of last month Bitcoin demonstrated positive dynamics, recorded above $ 275. Favorable news from Russia, Ukraine and Vietnam, as well as the debt crisis in Greece and the collapse of the Chinese market contributed to the growth of Bitcoin.

A recent poll showed Coindesk that Bitcoin users believe in the growth of the virtual currency. From 2702 Bitcoin users who participated in a recent survey conducted Coindesk, 54% expressed moderate optimism, writing that, in their opinion, at the end of the year the virtual currency Bitcoin will be from 300 to 500 dollars. Another 14% can be called a "moderate pessimists." They believe that one Bitcoin will still cost $ 200 to $ 300. Thus, 68% of respondents do not expect a sharp rise or fall of the Bitcoins.

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At the June summit of G7 support was expressed for the "relevant" regulatory bitcoin.

Representatives of the "Big Seven" (G7) meeting in Germany in June this year announced support and "adequate regulation" cryptocurrency.

This organization consists of the Heads of State of the largest economies in the world by 1970 and includes the US, Canada, France, Germany, Italy, Japan and the UK. G7 Summit held in Bavaria 7 and 8 June.

According to the summit of the group, G7 will monitor activity cryptocurrency through the prism of terrorism financing, which represented "an important priority." Part of this process, the statement said, includes the regulation of payment systems.

Because of the final statement at the summit:

"We will take further steps to ensure greater transparency of financial flows, including through appropriate regulation cryptocurrency and other new methods of payment."

The group expressed its support for the efforts of the Financial Action Task Force (FATF), which in late June recommended to be monitored Exchange cryptocurrency and demand their license before operations. G7 also will "actively participate" in the development and deployment of regulatory standards.

"We will strive to ensure the effective implementation of the standards of FATF, including through reliable process control."

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AMD patented FPGA, which can be used for the purpose of mining.

Intel has recently spent a record sum for the purchase of Altera - Developer programmable arrays (FPGA), which are able to substitute for specialized processors in situations where the latest issue of economically inexpedient.

Tellingly, the processor giant will leave for the right to use the Altera architecture ARM.

Of AMD, if you believe one of patent publications in the late last year announced its intention to register the right to use the FPGA with configurable multi-tiered memory that HBM. As in the case with graphic processor occupancy fast memory close to the computing units will greatly increase the speed of the programmable matrix.

For miners this could mean the emergence of a new class of computing devices with lots of fast memory, allowing more than make effective Mein cryptocurrency those that are resistant to existing ASIC miner.

In addition, FPGA can be taught Mein cryptocurrency another, simply by changing the firmware that is not available to ASIC miners.

The patent was published in early June this year. As he describes a conceptual solution, talk about the architecture-specific function blocks can not be.

However, if the ideas still be able to put into practice in the next three years, the corresponding programmable matrix certainly get computational core architecture Zen, and the memory will treat HBM2 generation or later.

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Bitcoin Mining

One of the most unique aspects of Bitcoin is that you can generate it through the process of mining, which is something anyone with a computer can do. This is unlike fiat currency which can only be printed by the government. This makes Bitcoin somewhat similar to gold and other precious metals, since they can only be mined, not printed on demand. Bitcoin mining is far different than extracting resources out of the Earth however. Instead it involves your computer solving complex equations. The equations solved during Bitcoin mining are cryptographic hashing functions, which are usually referred to as hashes. Here are some photos Bitcoin Mining farm:

What is a Satoshi?

A Satoshi is the smallest fraction of a Bitcoin that can currently be sent: 0.00000001 BTC, that is, a hundredth of a millionth BTC. Use the Converter to find out how much your balance is worth!

  • 1 Satoshi = 0.00000001 
  • 10 Satoshi = 0.00000010 
  • 100 Satoshi = 0.00000100  = 1 Bit
  • 1,000 Satoshi = 0.00001000 
  • 10,000 Satoshi = 0.00010000 
  • 100,000 Satoshi = 0.00100000  = 1 mBTC
  • 1,000,000 Satoshi = 0.01000000  = 1cBTC
  • 10,000,000 Satoshi = 0.10000000 
  • 100,000,000 Satoshi = 1.00000000 BTC

Who controls the Bitcoin network?

Nobody owns the Bitcoin network much like no one owns the technology behind email or the Internet. Bitcoin transactions are verified by Bitcoin miners. While developers are improving the software they cannot force a change in the Bitcoin protocol because all users are free to choose what software and version they use.

In order to stay compatible with each other, all users need to use software complying with the same rules. Bitcoin can only work correctly with a complete consensus among all users. Therefore, all users and developers have a strong incentive to protect this consensus.

Is Bitcoin really used by people?

Yes. There is a growing number of businesses and individuals using Bitcoin. This includes brick and mortar businesses like restaurants, apartments, law firms, and popular online services such as Namecheap, WordPress, and Reddit. While Bitcoin remains a relatively new phenomenon, it is growing fast. At the end of August 2013, the value of all bitcoins in circulation exceeded US$ 1.5 billion with millions of dollars worth of bitcoins exchanged daily.

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