Daily Archives: March 3, 2014

The First Ever CryptoCurrency Convention Set to Explore the Future of Digital Currencies

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The First Ever CryptoCurrency Convention Set to Explore the Future of Digital Currencies

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NEW YORK–(BUSINESS WIRE)–March 3, 2014–

The first ever CryptoCurrency Convention (CryptoCurrencyConvention.com) will take place in New York City on April 9 at The Scholastic Auditorium. The event will be dedicated to thought-provoking discussions led by entrepreneurs, developers, and businesses looking to be a part of the currency of the future.

There are approximately 290 cryptocurrencies in existence today, with many more in development and on the rise. The CryptoCurrency Convention aims to create awareness among investors, entrepreneurs, and developers, as well as everyone from newcomers and enthusiasts wishing to learn more about cryptocurrencies such as Bitcoin.

Those in attendance can look forward to discussions and presentations by leading experts from Bitcoin, Peercoin, iCoin, Infinitecoin, Florincoin, Mastercoin, Litecoin, Solarcoin, Digitalcoin, TimeKoin, Reddcoin, IncaKoin, Tittiecoin, Popcoin, Zenithcoin, Marscoin, Casinocoin, Livecoin, Prospercoin, Potcoin, Quarkcoin, Vertcoin, Digibyte, Battlecoin, as well as BitAngels Co-Founder David Johnston. The goal? To give birth to new ideas and solutions toward making CryptoCurrency the staple of the future economy. Like-minded individuals can also take advantage of networking with those with similar interests, making the CryptoCurrency Convention an unprecedented event in the world of cryptocurrency.

Using cryptography for security purposes, cryptocurrencies are a more secure method of conducting transactions. Cryptocurrencies are being widely accepted as the currency of the future economy.

The focus of the CryptoCurrency Convention is to explore the cryptocurrency economy and understand it through the perspective of developers, visionaries, and the teams responsible for its creation and current existence. Attendees will have the rare benefit of gaining information directly from the sources that have assisted in mainstreaming the concept of cryptocurrency.

With a mission to bring awareness and acceptance to cryptocurrency, this is the very first convention to host the world’s leading visionaries working together to further develop the disruptive technology that has already changed the way people currently view the future of currency. Investors and creators will have the chance to meet up during the event or afterwards at an exclusive sponsored VIP party in New York.

Tickets can be purchased direct from CryptoCurrencyConvention.com using any of the nearly 300 CryptoCurrencies in existence.

For more information about the CryptoCurrency Convention, log on to http://www.cryptocurrencyconvention.com/.

For Sponsorship opportunities and any other questions: info@cryptocurrencyconvention.com

www.CryptoCurrencyConvention.com

www.Facebook.com/CryptoCurrencyConvention

Twitter @CryptoEvents #CCCNYC

Crypto Events, LLC
Teddy Dupay, 888-920-1533
teddy@cryptocurrencyconvention.com


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Here's WTF happened to Mt. Gox last week — the Cliff Notes version


It’s been quite a week for major Bitcoin exchange Mt. Gox.

The leading Bitcoin exchange shut down, filed for bankruptcy, and gave a hint of just how much control it’s lost. Bitcoin owners are freaking out, and they have their reasons.

Don’t worry if you haven’t kept on top of all the news. We’ve gone ahead and encapsulated it all.

First things first: After Mt. Gox discovered a possible hack and the theft of hundreds of thousands of Bitcoins, including some of its own, the exchange shut down on February 25.

More than $400 million in Bitcoin has gone missing.

On Feb. 28, Mt. Gox filed for bankruptcy.

The exchange said it was under order not to pay its debts and apologized to users “for causing so much inconvenience.” Its liabilities far outweighed its assets. In fact, Mt. Gox wasn’t even sure how many Bitcoins had vanished.

A Mt. Gox help line wasn’t very helpful to some people who were trying to call in yesterday, Bloomberg reported.

Yesterday, in a Bitcoin chat room, a user named nanashi____ surfaced with word of a 20 GB file representing sensitive data of an undisclosed nature that Mt. Gox stored. Apparently, people hacked in to Mt. Gox and were trying to figure out what to do with the data.

Also over the weekend, someone posted some curious code on the text-pasting website Pastebin. It seems to be from Mt. Gox’s back end, and it seems to contain a means to route Bitcoins to places where they aren’t supposed to end up. At least that’s the way Ars Technica is writing about the code.

A class-action suit is being organized against Mt. Gox’s chief executive, Mark Karpeles, to recover the Bitcoins that went missing in the apparent hack, Bitcoin news outlet CoinDesk reported today.

Mt. Gox became a Bitcoin exchange in 2010, and a hack in 2011 resulted in the loss of $8.75 million, according to a Wired article on the evolution of the site.

At one point, Mt. Gox was the largest Bitcoin exchange. But BTC China took that title, only to have BitStamp claim it later, according to a 91-page report on Bitcoin that CoinDesk released last week.

During all the tumult, Bitcoin prices haven’t dropped off, believe it or not. At one point on February 25, the price sat at $452.22; and earlier today, it hit $656.20, the highest point since Valentine’s Day, according to CoinDesk data.

Even so, the dismantling of a major Bitcoin exchange should serve as a yellow flag for anyone thinking about buying, selling, or mining the digital currency. Clearly these systems can get sabotaged, and the lack of insurance means no there’s no guarantee to get your money back.

If you’re still not sure WTF Bitcoin is in the first place, read our introductory guide from last month.


VentureBeat and marketing technology analyst David Raab are working on a new Marketing Automation usage and ROI study. If you currently use a marketing automation system, help us out by answering the survey. If you do, we’ll share the resulting data with you.