Does Your Company or Site Belong on 'Please Protect Consumers'?
When Erik Voorhees, founder of ShapeShift, decided against serving consumers using New York state IP addresses, he also founded a new website: PleaseProtectConsumers (PPC). This site is a sort of pledge-record for companies who similarly refuse to collect unnecessary and potentially dangerous information from their customers. Voorhees writes: The launch of PPC came at an especially apt time, as mere days later it was reported that the digital records of 14 million American military employees had been hacked from a government data repository. The Guardian writes that the records obtained....
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Citing legal advice, Bitcoin gaming site SatoshiDice is closing to US players, moving to block all US-based IP addresses from the website. Posting on Bitcointalk and the Bitcoin reddit page, satoshidicepr, an official representative of the site who asked to remain anonymous, said the decision, which is effective as of today, was taken following "extensive legal counsel." "The best way to limit legal risk for SatoshiDice, and thereby protect its stakeholders, is to block US players," the post states. The company adds that the decision does not mean that online gambling is illegal in the US,....
When you store your bitcoins on an exchange, a gambling site, or in an investment site, you're placing a lot of trust in the company. Personal wallet security with a relatively small amount of coins is one thing, but these sites store many more bitcoins than the average user, and are therefore prime targets for attack. So how do they protect your money? Some, like the gambling site Seals With Clubs, use their own proprietary wallet technology, while others work with third-party services. There are a variety of techniques and tools that companies can use to try and keep customers' cherished....
A new bitcoin gambling site has opened for beta testing, specifically targeting customers in the Asia region. Based in South Korea, Satoshinori.com is available in Korean, Japanese, Chinese, Vietnamese and English. It features an array of multi-player games including Seven Card Poker, Texas Hold-em and Matgo, plus simpler web based games like Rock Paper Scissors, Riding Ladder and Mine Sweeper. More are due to arrive in future. Aiming for professional image. Satoshinori's operator said the site is produced by a leading Korean game publishing company, with emphasis on fair games, low fees....
Bitcoin, the leading cryptocurrency with a total market cap of almost $393 billion, is once again included in conversations involving assets that could help protect wealth when economic apocalypse happens. This is after Robert Kiyosaki, the American businessman who authored the finance-focused “Rich Dad, Poor Dad” book, shared his sentiments about the U.S. Federal Reserve’s […]
Micropayments startup NeuCoin has raised $1.25m in angel and seed funding from over 20 individual investors, including King co-founder Patrik Stymne, Uber SVP Emil Michael and Hotwire president Henrik Kjellberg. The announcement coincides with the official launch of neucoin, a dedicated altcoin that aims to promote online tipping. NeuCoin co-founder Dan Kaufman said the project would provide a similar service to that of prominent micropayments startup ChangeTip, in which he is an investor, while removing the need for consumers to use bitcoin. Kaufman told CoinDesk: "Basically we think that....