The third quarter of 2013 proved to be one of significant transition for bitcoin. After the remarkable increase in bitcoin’s price and public notoriety earlier this year, the last three months have provided a much-needed regrouping period. New information about issues at existing exchanges became available and dozens more have or will soon come online. Security of the bitcoin network grew dramatically as ASICs increased the network speed exponentially, while a host of new entrepreneurs and investors continue to support the market with ever-increasing infrastructure. The result will be a more structurally sound ecosystem as bitcoin enters its next wave …

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Today BitSyncom, the bitcoin company known for producing Avalon miners, announced details about their second generation chip, as well as plans for a contest to create an open source PCB (printed circuit board) design for their chips. The new chips will use a 55nm technology and run 4x as fast as their first generation 110nm chips. The winner of their open source contest will receive 5,000 chips, totaling 7.5 TH/s overclocked. Avalon will be selling both fully-assembled units as well as bulk chips, similar to their strategy for first generation products. While exact pricing has not been determined for the …

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Applications for the third round of quarterly grants from the Bitcoin Foundation are due this Friday, September 20. Given historical precedent, grants are likely to be given to projects that aid in the development, security and testing of vital bitcoin infrastructure, but are not likely to be commercially viable. Last quarter there was one recipient out of the twenty five project proposals submitted. The grant was given to Coinpunk, an open source software project that enables users to host wallets on servers they control, while also giving them access to their bitcoin via a web portal. This enables people to …

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An upgrade to Bitcoin-qt was released today and consists of several security and bug fixes bundled for release as version 0.8.4. It is recommended that all users upgrade immediately, since the release of these fixes makes finding the vulnerabilities in older code trivial. Included in this release are three security updates as well as several small bug fixes that were causing the application to crash or databases to become corrupted. Denial of Service Fix Bitcoin-qt 0.8.0 introduced Bloom Filters which allow for more flexibility with respect to how much of the block chain must be downloaded. Bloom Filters are a …

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