Bank of China Releases a Laser Blasted “Monkey” Coin

Tech is always advancing in new and exciting ways. With the aim of developing and modernizing techniques for the 21st century, the coin production process at The People’s Bank of China placed into circulation a $10 dollar limited edition of at least 500 million coins, but when you consider China has a current estimated population of at least 1.357 billion, this may well be a limited laser blasted and multilevel “Monkey zodiac coin”.

The coins in question use materials including a Brass Alloy for the outer ring, which is illustrated by the first image below, this is coupled with a Nickel Alloy composite which is implemented for the inner core and is conveyed by the second image. The technique used to make these commemorative coins changes the traditional moulding process in favour of a lower yet more efficient manufacturing footprint.

The coins have the word “SHIYUAN” which is located next to the selected domination, this word comes from the  Chinese phonetic alphabet. The coins, released to coincide with the 2016 Lunar New Year are also decorated to include a floral pattern as well as a traditional decorative monkey and also a lantern.

Collectors who wish to collect such a coin will be able to reserve a maximum of five coins, the date by which the coins will become available will be from the 16th January 2016.

Dogevault Goes Offline – Millions of Dogecoins Appear Stolen

As far as cryptocurrencies go, Dogecoin has by far got to be the most popular one of recent times and it’s not surprising really considering it went viral after it was created in the spirit of the popular internet Doge meme.

News has come to light however that some people may have taken a liking to the currency a bit too much after the online wallet Dogevault reportedly went offline without any warning and some users are realising that large quantities of Doge were transferred out of their accounts just before the service went down.

Whether or not the Dogevault servers were hacked or whether the owners have shut up shop and made for the hills is still under investigations, but after some investigation in to where the coins have been transferred to, it seems like we could be looking at the biggest Dogecoin thefts in history. One user posted a shot of his wallet, showing that 950k coins were removed and after following the transaction path, they appear to have landed in this wallet, along with nearly 120 million more coins. Another wallet has been found as well that suggests the Dogevault owners are also responsible, with a balance of over 2.6 million coins itself.

What is certain though is that the coins sadly are not likely to be returned which turn may cost their rightful owners a lot of real hard cash. My suggestion though is that if you use an online wallet, get a desktop wallet that I personally feel is more secure, transfer all your coins there and make sure you keep it safe. A flash drive in a safe would be better suggestion even still.

Source: The Cryptocurrency Times

Dogecoin, Such Sponsorship, So NASCAR, WOW!

NASCAR is an expensive sport to take part in, although I guess the same can be true of any sport that requires a high-powered racing car and support team, those things just don’t come for free. Josh Wise, the driver of the No. 98 car in the Sprint Cup Series has been competing without a sponsor and racing without funding is no easy task.

Of course this is the internet and we can’t just sit back and let such an injustice happen! So there has been a bit of a whip around for spare Doge coins and so for the folks over at Reddit have raised a staggering 76,611.16648323 Dogecoins, which is unfortunately not as much as it sounds, it’s not even $70.

Reddit are going to have to raise $55,000 to be able to sponsor the car, but to add to the fun we’ve now heard that Josh Wise now knows about the campaign and is promoting it to get a Doge sponsored car.

Wow thanks for the support! Let’s make it happen RT @Denis_Pavel: @Josh_Wise The Dogecoin Community and I are fundraising to sponsor you! — Josh Wise (@Josh_Wise)

On top of that there is a paint job contest for what the car will look like should the succeed, I guess the design could be anything, but we all know it’s going to be covered in a giant Doge saying “such racing, much laps, wow!” or something to that effect.

Thank you SBNation for providing us with this information.

Image courtesy of SBNation.

Android Devices Get Support For Amazon Coins

The Amazon Coins payment option was introduced in May last year, but ever since it remained somewhat a currency used on Kindle Fire tablets. The virtual currency was designed as a simple method of paying for your goods and better monetization for developers.

If you liked the payment method, them you are going to be pleased to hear that the Amazon Coins can now be used on all Android platforms. The change has been made available in the latest software update and the virtual currency can now be used via the Amazon Appstore. However, the service us currently available only in the U.S., U.K. and Germany at the moment.

The virtual currency extension is extremely beneficial not only to customers, who are given a quick and easy to use payment method, but also developers. The hard work put in developing the applications will be rewarded with a 70% cut from the virtual currency method. However, the biggest benefactor in all this will always be Amazon itself, since it will receive the other 30% from all purchases made using the virtual currency.

Thank you Ubergizmo for providing us with this information
Image courtesy of Ubergizmo

Its About To Get Flappy-Tastic In The World Of Digital Currencies!

Personally I’m amazed we got as many days as we did before this was announced, but alas it is here, Flappy Bird is going crypto. A group of London-based IT pros are preparing to launch yet another cryptocurrency into the world with the release of Flappy Coin and mining of the coins is scheduled to begin over the next few days.

According to the founders, writing on BitCoinTalk.org, “The aim of the Flappy Coin is to make a fresh difference in the current market. We want to create a stable, reliable coin that can be trusted. We want to promote what we call ‘Flappy Bird’ ethos — the concept that even a single person can make a massive impact to the world.”

And while one Flappy Bird based currency is enough from some, it’s apparently not enough for others and there have been a few fake Flappy Coins cropping up prior to the actual release, so be warned that the current sites are scams and flappycoin.org is said to be not associated with it and the coin creators say they’ll soon claim back the domain.

There is an alarming trend of memes quickly becoming a type of coin. I wonder how long this trend will continue, but then again I also wonder just how long many of these new coins will remain relevant, let alone how fast new types are being created.

Thank you Wired for providing us with this information.

Image courtesy of Wired.

Dogecoin Expected To Bring ‘Real Money’ To Owners In The Near Future

Dogecoin is one of the most known cryptocurrency out there, after Bitcoin. It may be pretty easy to pick up some Dogecoin, but, until now, it’s been difficult to convert it into cash. On Wednesday, Canadian electronic currency exchange Vault of Satoshi announced that it will now support Dogecoin, making it far easier to convert the currency into U.S dollars.

Anyone interested in turning their dogecoins into government-backed currency with wider acceptance up until now had to make an individual deal with someone willing to trade for Bitcoin, which could then be exchanged for dollars, Euros, and outer currency. However, this intermediate step not only made the entire process significantly more onerous, but it also inserted an element of risk.

Reports are that Reddit r/DogecoinScamWatch moderator u/goodshibe explained how the majority of the scams posted on the forum involve people having their coins taken from them while trying to convert dollars into dogecoins, or vice versa.

‟Once … [Dogecoin] gets a direct USD/CAD conversion … in place, many of these kinds of scams will fall away,” u/goodshibe predicted.

This newfound ability to easily and safely convert Dogecoin into dollars could change the nature of how the currency is used. According to BitInfoCharts.com, dogecoins with the equivalent of $212,500,000 were said to have been traded over the past 24 hours. To give a sense of how ridiculous that transaction volume is, the total value of every dogecoin in existence is reported to be only around $60,300,000.

The generosity seems to be related to the fact that a single dogecoin is worth a tiny fraction of a penny, so handing out a few dogecoins takes only slightly more commitment. However, it’s likely also a function of there not being a whole lot of things someone could easily do with a wallet full of dogecoins other than hand them out just like that. Now that converting dogecoins into dollars is no more difficult than exchanging any other cryptocurrency, there’s the chance that the community surrounding Dogecoin may come to more closely resemble that of any other cryptocurrency

Thank you Mashable for providing us with this information