’60 Minutes’ Highlights How Mobile Payment Service M-Pesa Has Changed Life In Kenya

Regular followers of mobile payment technology know that Kenya stands as one of the most successful mobile payment stories, thanks to the widespread use of the M-Pesa mobile payment service in that country. Kenya’s success in this area jumped onto the global spotlight this week thanks to a report on CBS-TV’s “60 Minutes.” Whether or not the “60 Minutes” segment, which gave an overview of how average Kenyans are conducting mobile commerce using their smartphones, catapults M-Pesa as a mobile payment service remains to be seen. The report explores the many …

Titcoin and Coinsnap Nominated for Adult Entertainment Awards

Cryptocurrency Titcoin and adult payment provider Coinsnap have been announced as finalists at the 2016 XBIZ Awards. The XBIZ Awards are a prominent adult entertainment awards ceremony managed by XBIZ, which publishes news and information on the adult entertainment industry. Over the last couple years, cryptocurrencies and other alternative payment systems have been gaining traction in the adult entertainment industry. One factor in this trend has been Operation Choke Point, a program in which the Department of Justice has teamed up with banks to limit access to financial services for …

Australian Miner Bitcoin Group’s IPO Postponed Again

Australia-based startup and bitcoin miner Bitcoin Group is facing another delay in its quest to be the world’s first listed Bitcoin company. Bitcoin Group has reissued its prospectus for the third time after facing a requirement from the Australian Securities and Investments Commission (ASIC) to appoint an “appropriately qualified independent expert.” The requirement comes after the commission requested the expert to look into details of the “bitcoin mining equation” that was established in the second prospectus. In a press release, Bitcoin Group has announced the IPO offer period to …

Bitcoin Price Holding Steady

Bitcoin price held above support despite the potential for a large sell-off earlier today. Price was sold down to a supporting level in the BTC/CNY charts but vigorous buying prevented further decline.. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis Time of analysis: 12h15 UTC Bitfinex 1-Hour Chart From the analysis pages of xbt.social, earlier today: In what would have been the juncture from …

Interview: Australian Chicken Farmer Encourages Bitcoin Payments

Readers have no doubt by now seen the ABC profile of Mark Burgunder, an Australian independent chicken farmer and Bitcoin enthusiast who was noteworthy because he prefers bitcoins over fiat money. To quote the ABC feature, which says Burgunder is “laying the foundations for agriculture Bitcoin economy”: Mr Burgunder is yet to convince any of his customers to start paying for their eggs using the digital currency. Nonetheless, CCN decided to interview Burgunder about the implications of Bitcoin in agriculture, why he believes in Bitcoin, and what he’s doing locally …

BTCC Launches BlockPriority, An Expedited Bitcoin Confirmation Service

BTCC, the Chinese bitcoin conglomerate, has launched a bitcoin service that prioritizes bitcoin transaction confirmations for its customers, the company announced on its website. The BlockPriority service expedites confirmations of bitcoin transactions sent through BTCC services even when the bitcoin network is stressed or facing spam attacks. BlockPriority is available only to BTCC users, said Samson Mow, the company’s chief operating officer. BTTC automatically provides the service to its customers with no additional charge. The service works by submitting bitcoin transactions sent to or from any BTCC wallet address directly to …

Extortionists Target CCN in a DDoS Attack; 5 Bitcoins Bounty

CryptoCoinsNews and sister-site Hacked have both been targeted in a DDoS attack by extortionists demanding a bitcoin payment. The extortionists also claimed further threats in exchange for a ransom. CryptoCoinsNews, a prominent resource and news outlet for readers looking into bitcoin-, alternative currencies-, block chain-, and fintech-related news was the target of a DDoS attack earlier this morning. One of the extortionists, going by the name ‘Jon’, sent in an email demanding 2 Bitcoins to reveal ‘fatal security vulnerabilities’ on the website while threatening to contact our advertisers to let …

Drone Whistleblowers Kicked Out of Fiat System – Consider Bitcoin?

According to National Security and Human Rights lawyer Jesselyn Radack, a group of her clients is being ostracized from the fiat financial system as a result of blowing the whistle on certain aspects of the US government’s drone program. Taking to Twitter to complain, she asked if anyone had any suggestions. Soon, Bitcoiner Rey Poullard had suggested the new Coinbase debit card – apparently not seeing the irony, since one cannot have a Coinbase account without a bank account. Nevertheless, for the purposes of moving money around, Bitcoin could still …

Bitcoin Trading At Previous Price Ceiling

Bitcoin trading has brought price back up to the previous resistance ceiling near $330 and 2100 CNY. The chart is inconclusive and until we see the market take direction the sideways consolidation may continue. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis Time of analysis: 12h15 UTC BTCC 1-Hour Chart From the analysis pages of xbt.social, earlier today: Continuing sideways consolidation – apparently around …

India’s Prime Minister Urges Global War On Terrorist Funding At Asset Recovery Conference

The Paris attacks last week were a reminder that terrorists possess remarkable adaptability in generating the finances to fund their activities, India’s Prime Minister Narendra Modi said in New Delhi on Wednesday at the 6th Global Focal Point Conference on Asset Recovery, according to The Hindu. Delegates from more than 30 nations attended the three-day conference at Vigyan Bhawan, New Delhi. The meeting was organized by INTERPOL, India’s Central Bureau of Investigation (CBI) and the World Bank – United Nations Office on Drugs and Crime (UNODC) StAR (Stolen Asset Recovery) …