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Kraken API Issues, Bitcoin Debit Card Operations Grind To A Halt

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Even though there is a lot of excitement in the Bitcoin world regarding the recent price changes, these wild swings create a fair amount of issues as well.  Bitcoin debit card users may have experienced similar problems yesterday, like trying to make purchases during busy periods of Bitcoin trading was pretty much impossible.

Also read: WorldPay Talks Openly About Bitcoin And The Blockchain

Halted Bitcoin Debit Card TransactionsDigitalMoneyTimes_Kraken Bitcoin Exchange

Over the course of five hours yesterday, I had not one, but two, of my Bitcoin debit cards rendered useless.   Both of these cards are issued by Bit-X – one Mastercard and one Visa. All of these cards had one thing in common: I was attempting to complete transactions denominated in EUR during heavy periods of Bitcoin trading.  Read more...

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New Bit-X Bitcoin Debit Cards Shipping Out

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Bit-X, one of the world’s leading Bitcoin debit card providers, recently announced a new line of cards to improve the overall user experience.  Up until now, the original Bit-X Bitcoin debit card was a TravelCard, and came only in black, with the embossed cardholder name being Bit-X.  That lack of variety has now changed with the company now offering a total of eight different cards to choose from.

Also read: Unison Between Wearable Technology and The Bitcoin Blockchain  Read more...

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Xapo Starts Shipping Out Bitcoin Debit Cards

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One of the major drawbacks regarding most Bitcoin debit cards is how they are unavailable to US customers.  The reason for this is due to impending independent regulations in every state, combined with federal regulations and guidelines.  However, this is not keeping various global companies from shipping these cards to customers all over the world.

Xapo – Bitcoin Debit Card with Lots of PromiseXapo Small

Bitcoin debit cards are far from a perfect solution to push Bitcoin adoption and awareness to new levels.  That being said, these cards do allow Bitcoin enthusiasts to spend virtual currency at millions of worldwide locations, as long as the merchant has a payment terminal to process credit and debit cards.  For online payments, these Bitcoin debit cards will work with popular services such as Paypal and Apple Pay.  Read more...

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Bitcoin Cloud Mining Platform Cloudminr.io Allegedly Hacked, Unencrypted Database For Sale

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Bitcoin has been plagued by lots of companies offering the next big thing in “cloud mining”, and eventually turning into a scam.  That list has grown quite long in recent months, and the latest name on the list is Cloudminr.io.  According to the company’s website, somebody hacked their database and exposed all of the user accounts.

The Volatility of Bitcoin Cloud Mining ServicesCloudMinr.io

For those among us who have been involved in Bitcoin for quite some time, cloud mining has always been synonymous with a huge potential for a scam company.  Granted, there are a handful of legitimate Bitcoin cloud mining companies out there, such as CEX.io, Bit-X, and Genesis Mining.  But for every legitimate company, there are at least a handful of Ponzi schemes and scam sites as well.  Read more...

This is a preview of Bitcoin Cloud Mining Platform Cloudminr.io Allegedly Hacked, Unencrypted Database For Sale. Click Here To Read the full post

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