Jul 302014
 

Bitshares
Here’s how to buy Bitshares X on Bitshares X exchanges that are trusted, and have enough volume so you don’t get ripped off in the process. For those who are unfamiliar, Bitshares X launched on July 19th 2014 out of the testnet and into the wild. This would officially mark the first ‘DAC’ that honors the Protoshares and Angelshares – millions of dollars raised by Invictus Innovations over a course of more than a year, from the cryptocurrency community. This isn’t a release from Invictus Innovations, however, but is another Chinese company called DACSunlimited.

And what better product to launch than Bitshares X, which was the original Bitshares idea? Even though there are several more features planned, the currency is up and running and exchangeable on the exchanges.

Bitshares X honors the Protoshares and Angelshares snapshot of February 28th, 2014 (which marked another unsurprising deadline miss by Invictus), so if you held Protoshares or Angelshares prior to February 28th snapshot, you should be able to redeem your Bitshares X through importing your wallet into the client.

You can download the Bitshares X client here.

Already, less than 2 weeks after the launch, Bitshares X has a higher marketcap than Dogecoin and is currently at 7th place on Coin Market Cap, based on the market capitalization of cryptocurrencies.

Bitshares X on Coinmarketcap

There had been considerable interest from the Chinese in Bitshares, and it isn’t surprising that a Chinese company came out with the first release. Again, it shouldn’t be surprising that Chinese companies are taking the lead in running the exchanges for Bitshares X as well.

Here are the Bitshares X exchanges currently (updated July 30th, 2014):

Bter: Bter has been my go-to exchange since it started trading the most interesting cryptocurrencies and had been the first major exchange to list Protoshares and also NXT. The best part about Bter and Bitshares X is that if you had Protoshares on Bter at the 28th February snapshot time, they will actually honor it and give you the corresponding Bitshares X. This is rare and incredible – good luck trying to get your share of Bitshares X from an exchange like Cryptsy, which doesn’t honor these snapshots.

Another big reason to trade Bitshares X on Bter is that they are giving a 1% bonus on Bitshares X deposits to their exchange – no catch! On July 30th 2014, the trade volume for Bitshares X was 60 BTC on Bter (last 24 hours).

Bitshares X on Bter

BTC38: This is a popular Chinese exchange that is also trading Bitshares X. BTC38 usually has very active CNY markets, so it wouldn’t be surprising if BTSX/CNY is more active on BTC38 than Bter. However, most of the English speaking part of the world naturally prefers Bter, as it’s all in English and has been a major player in the altcoin markets.

If you held Protoshares or Angelshares as of Feb 28th 2014, download the wallet and claim your Bitshares X through the import wallet functionality.

Bitshares X tutorial wallet import

Do you hold any Bitshares X? Do you trade them? Do you believe in the idea?

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Jul 012014
 
Expresscoin Expands into Canada

Buying and selling Bitcoin and altcoins has become easier for Canadians, as Expresscoin is set to expand into Canada. Expresscoin will offer crypto currency payments through DebitWay a trusted third party that offers merchants INTERAC Online Payment services, which allow consumers to pay for goods and services online, directly from their own bank account in real time. [...]

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Jun 222014
 
Bitcoin Job Fair in New York City

There’s a Bitcoin job fair for all job-seekers and companies in the Bitcoin/cryptocurrency space on Saturday, June 28th 2014. This event is being organized by the New York Bitcoin Center, which has been hyper-active of late in conducting Bitcoin related events throughout New York City. It was only a matter of time before Bitcoin needed [...]

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Jun 192014
 
Bitgo, a Multisig Wallet, Raises $12 Million Series A Funding

Bitgo, another Bitcoin wallet provider, raised $12 million in Series A venture capital funding. This is good news for startups looking to build the next generation of Bitcoin plumbing for the internet that will truly see the potential of what Bitcoin can do. Bitgo advertises itself as “world’s first multi-signature secure wallet” on its website. [...]

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Jun 172014
 
Bitcoin Conference in Chicago in July 2014

The North American Bitcoin Conference is coming to Chicago on July 19th and July 20th 2014. This is the second North American Bitcoin Conference, the first one being held in Miami. Just like in Miami, the conference promises an exciting ‘pre-party’. Also, remember that Bitcoin has grown a lot in one year, and the conference in [...]

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Jun 152014
 
Hester Street Fair Bitcoin Opening

Hester Street Fair has attracted some of the best small local businesses, artisans and artists in New York every Sunday to New York’s lower east side. It has everything from delicious food to vintage jewelry to modern fashion. For this season, Hester Street Fair has transformed into NYC Bitcoin Fair. All the vendors there now accept [...]

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Jun 112014
 
Travel Industry is Important for Bitcoin

Today there was interesting news that Expedia has started accepting Bitcoin for hotel bookings. This is an important milestone, as the travel industry is an important one for Bitcoin to crack. It is, I believe, the first step towards Bitcoin usage and adoption by travelers and tourists, a very big industry that would hugely benefit from using [...]

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Jun 082014
 
Another Cryptocurrency Exchange Closes Taking All Depositors' Money

Sharexcoin, a new fledgling cryptocurrency exchange has shut down its doors within one week of operations, taking with it all the cryptocurrencies of the depositors. The exchange was a branch-off of Sharecoin, a new PoS cryptocurrency that was given out to the members of Bitcointalk forum. It is unclear at this stage whether this was [...]

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Jun 052014
 
Consumer Adoption is the Real Challenge for Bitcoin

Gone are the days when everyone in the Bitcoin community cheered whenever a new business started accepting Bitcoin. Today, there are tens of thousands of businesses all over the world that accept Bitcoin, and through gift cards and third party re-sellers, you can pretty much shop anywhere through your Bitcoin. And why wouldn’t businesses accept [...]

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