Bitcoin exchanges once again find themselves making headlines in mainstream media news over the past few days. As we have some to expect from our mainstream media colleagues, positive Bitcoin news is not worth reporting, but a bit of drama always sells more copies. Unfortunately for us Bitcoin enthusiasts, the mainstream media has had multiple feeding frenzies over what went down across some of the major digital currency exchanges this past weekend.
When it comes to picking your favorite Bitcoin wallet, there are ample offerings to choose from. All major platforms have at least one bitcoin client at their disposal, regardless of whether you use Windows, Macintosh, Linux, iOS , Android or even Windows Phone. AirBitz, a very popular Android Bitcoin wallet provider, is bringing Bluetooth LE Bitcoin payment to Android devices as of tomorrow.
AirBitz announced the release of their Android Bitcoin wallet version 1.4.2 earlier today, allowing users to pay for goods and services over a Bluetooth LE (Low Energy) connection. The addition of Bluetooth LE support is once again a clear sign of AirBitz’s main focus : making Bitcoin payments easy to use for both customers and merchants alike.
Over the past few weeks, we have published several articles about the new digital currency exchange UMEX. Even though this platform is still in open beta for the time being, their developers are coming up with multiple ways to please both experienced and novice traders alike. One of the latest additions to the platform comes in the form of FAK orders , which will act as an instrument for major digital currency players.
An interesting motion is set to pass in the world of NuBits, the digital currency which manages to keep its value around the US$1 mark at all times. While NuBits may not be as attractive to digital currency investors compared to other coins in existence, the project does bring price stability to a very volatile financial market. And by the looks of things, the Nu source code will be made publicly available very soon.
Trouble seems to be brewing over in China, as two of the country’s major exchanges have been experiencing issues over the past 12 hours, and we are still awaiting official word on what is going on at this point in time. Rumours are circulating on Reddit that one – or maybe even both exchanges – have been compromised.
It is important to point out that both platforms may suffer from completely different causes for the downtime. The Huobi website itself is intact and works fine, albeit a bit slower than normal. However, their trading engine seems to have gone through a drought, as no trades has been executed up until a few hours ago when things started getting back to normal.
Over the course of 2014, several major retailers and companies have started accepting Bitcoin as an alternative payment method to more traditional options such as credit cards. One of these companies is Expedia, an online travel agency if you will, which lets users book flights, hotels and even combinations of both online. Unfortunately for Bitcoin enthusiasts, their Bitcoin payment gateway is not working, and it has been like this for at least 24 hours according to several reports.
When it comes to choosing your favorite digital currency exchange, it’s not as easy as you might think to make a choice. While most people agree that several exchange platforms are horrible to use because of their delays in deposits and withdrawals, or simply because they operate in rather “shady” ways; the playing field has become so large over the past few years. Even though the UMEX exchange is still in beta, their team is pushing forward to provide the perfect exchange ecosystem.
One of the recurring topics of the past few months remains Bitcoin cloud mining, and its current struggle to be profitable for customers. Several Bitcoin cloud mining providers have halted their services for the time being, as other companies are working on new partnerships in order to provide their customers with a quality service. Genesis Mining, one of the few European Bitcoin cloud mining companies still in existence, has recently partnered with Spondoolies-Tech, a Bitcoin mining hardware manufacturer.
Things have been rather tumultuous for Cointellect over the past few weeks, as many customers have voiced their negative feelings towards the company. When we wrote our article yesterday about the contract payouts being changed all of a sudden, the mood turned even more sour than it already was. However, Cointellect made another announcement today that could offer a glimpse of hope to their customer base.
Cancelled & Frozen Cointellect Contracts
As mentioned yesterday, Cointellect’s contract structure would undergo some drastic changes, both in regards to payouts and availability. Older lower tier contracts have been effectively cancelled as of now, simple for the reason of them being obsolete and unprofitable due to the rising mining difficulty and falling Bitcoin price.