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Submission + - LITETREE ADDS BITCOINS (litetree.com)

Submitted by LiteTree
LiteTree writes: When it comes to buying and selling bitcoins in USD it has become very hard to do in the US with Mt. Gox and others no longer servicing America, LiteTree is pleased to announce that we have added BTC to our LTC exchange.
LiteTree bitcoin exchanges provides support for a wide variety of payment methods and national currencies. Additionally, LiteTree allows for more rapid deployment of new bitcoin currency pair trading, like exchanging bitcoins for Euros, US dollars or pounds sterling.
Deposits and withdrawals can now be process in USD in just 24 hours.
LiteTree will continue to support Litecoins and the Litecoin ecosystem in an effort to see the virtual currency gain wider traction.

Submission + - RC Cars at 2013 World Championships in Athletics - Moscow (hobbymedia.it)

Submitted by Modellismo
Modellismo writes: As "retrivers" for the World Championships in Athletics that are held now in Moscow, Russia is employing Americans's 1/5 scale RC trucks Super 5 SC from HPI Racing.
The model cars have been customized by the Italian hobby store owner and maker Diego Carena.
Each HPI Super 5 SC car mounts a 7600 mAh LiPo battery from the Italian brand EZ Power. These big battery packs are able to keep the big RC cars running through each event without the need of being recharged.
Maybe last year London's RC Minis were cuter but these Super 5 SC from HPI Racing are models that everyone can buy in stores so watching them running on the field is making RC fans around the World proud of their hobby especially because this is not a promotional stunt but something made with passion (as far as I know HPI is not even aware of their cars being used in Moscow)...

Submission + - How Bitcoin Works (investopedia.com)

Submitted by LiteTree
LiteTree writes: Bitcoin is a digital currency that exists almost wholly in the virtual realm, unlike physical currencies like dollars and euros. A growing number of proponents support its use as an alternative currency that can pay for goods and services much like conventional currencies. Bitcoin is the first and easily the most popular cryptocurrency, or currency that uses cryptography1 (see "Definitions and Key Concepts” at end of article) to control its creation, administration and security.

  Bitcoin was set up in 2009 by a mysterious individual or group with the pseudonym Satoshi Nakamoto, whose true identity is yet to be revealed and who left the project in 2010. It rocketed to prominence in 2013, when the value of a Bitcoin soared more than 10-fold in a two-month period, from $22 in February to a record $266 in April. At its peak, based on more than 10 million bitcoins issued, the cryptocurrency boasted a market value of over $2 billion.

Submission + - PayPal doesn't like virtual currencies like Bitcoin and Litecoin. (litetree.com)

Submitted by LiteTree
LiteTree writes: We received a call from Paypal today, a very friendly young lady named Amy called to inform us that we would no long be allowed on the Paypal network. The reason she gave was that they no longer allowed MSB (money service business). Makes me wonder if they are feeling the heat from or crushing the competition from Litecoins and Bitcoins

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