Bleutrade Exchange – Review & Tutorial

admin Altcoins, Bitcoin, Bitcoin 2.0, Bitcoin News, Bitcoin Trading Platforms, Blockchain, Exchanges, Market Terminology 0 Comments

We’ve been trading cryptocurrency (alt coins such as Bitcoin, etc.) at Bleutrade for a few months now and figured it was time for a review of our experience(s).  We’ve also provided some tutorials on how to get started.   BLEUTRADE.COM REVIEW We first heard about Bleutrade earlier in 2014, but hadn’t gotten around to making an account and transferring in some cryptocurrency until May or June. We decided to check them out and start trading because their trading interface is quite a bit different than any other exchange out there.  (if you’re not quite sure what all of this “cryptocurrencies” stuff is all about – check out this good article over on Wikipedia) HOW IS BLEUTRADE DIFFERENT? This is not to say that the actual trading process is different – it’s not, but the fact that there are so many different “trading pairs” is what really got our attention. Many exchanges only allow for trading your favorite cryptocurrency for Bitcoin, and to a lesser extent the other exchanges will allow you to trade in Litecoin too, but only in limited markets.  Bittrex has recently opened some trading pairs with Blackcoin, but not many. HOW MANY TRADING PAIRS? Bleutrade on the …

Gyft Unveils New Tech for Blockchain-Powered Gift Cards

admin Bitcoin 2.0, Bitcoin News, Bitcoin Venture Capital, Bitcoin-Friendly Merchants, Blockchain, Companies, Market Terminology 0 Comments

Gyft and bitcoin API developer Chain have partnered to create Gyft Block, a trading platform aiming to make gift cards easier to exchange. Announced at Belfast’s MoneyConf, the news marks Gyft CEO Vinny Lingham‘s latest step in transitioning his mobile gift card company from one of bitcoin’s most active merchants to a more direct supporter of its underlying technology. Gyft Block is part of Gyft’s broader mission to digitize gift cards so that they can be securely traded using bitcoin’s public ledger, the blockchain. Termed ‘gift cards 2.0’, the ambitious project was first revealed at SXSW in March and followed Lingham’s own involvement as an advisor and investor in so-called ‘crypto 2.0’ firms, including Koinify and Trustatom. A statement from Gyft implied that the platform could solve real problems for the $100bn gift card market: “Consumers can redeem different forms of digital value in a single transaction: for example, a consumer can buy a cup of coffee by combining a gift card, branded reward point, and coupon, since all blockchain-based digital assets operate on the same open standards.” In an accompanying white paper, Gyft’s head of special projects Guillaume Lebleu suggests Gyft Block would seek to establish a common API for gift card issuers that more closely replicates …

Deciphering Dark Net Market Terminology

admin Market Terminology, Ross Ulbricht, Silk Road, Tor 0 Comments

Many subversive communities use niche terminology and phrases. The world of dark net markets is no different. Dark Net Originally synonymous with “deep web,” this is any part of the net which is not search engine accessible. Today, “dark net” is commonly used as a misnomer for hidden services accessible only through Tor or I2P. The Tor Project prefers “deep web,” because it does not imply nefarious usage. Clear Net An antonym to “dark net,” the clear net is comprised of search engine accessible sites. Dark Net Market In the case of dark net markets, “dark net” is a misnomer to represent markets only accessible as hidden services. These markets generally use Bitcoin or other crypto currencies for payment, often for illicit items. The “DarkNetMarkets” subreddit maintains a list of popular Tor and Bitcoin markets. Tor According to the Tor Project, “Tor is free software and an open network that helps you defend against traffic analysis, a form of network surveillance that threatens personal freedom and privacy, confidential business activities and relationships, and state security.” Tor is needed to access most dark net markets, with easiest access provided by the Tor Browser bundle. All traffic passes through at least three Tor “relays” before reaching it’s destination. Tor …