Mint Exchange Service for Newly Mined Coins Rebuffs Bitcoin’s Fungibility
In a rebuffal of bitcoin’s fungibility, Dutch API-provider BlockTrail yesterday launched its Mint exchange, which swaps “old” coins for newly mined ones. In a first of its kind, users can buy bitcoins that came straight from a mining pool, and therefore have the shortest possible transaction history of any coins on the open market. BlockTrail believes that freshly mined coins – coins that are awarded to the miner of a new block through the coinbase transaction – are worth more than used ones. This is because these coins can be easily traced back to the Mint and the mining pools, which in....
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The recent Craig Wright-Satoshi Nakamoto debacle has spurred a new discussion as to what should happen with the coins mined by the mysterious Bitcoin creator. Theymos, the owner of BitcoinTalk, feels these coins should be destroyed to “prevent disastrous monetary inflation.” Bitcoin aficionados will know that, when Bitcoin was first launched, only....
Paypal bought up to 70% of all the newly mined bitcoin since the payments giant started offering cryptocurrency services four weeks ago. Now that’s according to estimates by hedge fund manager Pantera Capital, as revealed in its latest monthly blockchain letter. Together with Square’s Cash App, the two companies are buying more than 100% of all newly issued virgin bitcoin (BTC), it says. The letter said demand for Paypal’s crypto service, which runs on Paxos fiat-to-crypto exchange, Itbit, had hit the roof. The exchange “was doing a fairly constant amount of trading....
Mint, the free, web-based personal finance management service, just announced today that users can now link their Coinbase accounts to their Mint accounts. Mint's product manager Vince Maniago stated, “There are now 12 million Bitcoin in circulation and 60,000 merchants accepting it via Coinbase… We felt like it was something we couldn’t ignore anymore, and this is a good time to go out and support the currency as it becomes more legitimate.” Mint users can keep tabs on how many Bitcoins they have, and to keep things simple, this amount is displayed in US Dollars. However, Mint isn’t....
The limited edition BTCC Mint V Series Physical Bitcoin is a collector's dream. These highly secure, exclusive physical bitcoin are now for sale on the company's website. BTCC, the leading Bitcoin exchange has introduced a new range of physical bitcoins made out of pure titanium. The BTCC Mint Physical Bitcoin is a collectible item which contains newly mined fresh bitcoins with no transaction history associated with it. Launched few days ago, the BTCC Mint V Series physical bitcoins are lightweight and durable with a fine silvery grey finish which makes it look attractive. Apart from being....