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What is Bitcoin?

Bitcoin is a digital crypto-currency with no single point of failure due to its decentralized peer-to-peer architecture. The source code is publicly available and changes to the reference Bitcoin client are made via concensus within the community. Advantages of Bitcoin include irreversible transactions (i.e. no possibility of chargebacks as with credit cards), pseudo-anonymous, limited and fixed inflation, near instant transactions, multi-platform, no double-spend and little to no barriers to entry and more. It was created by an anonymous person known as Satoshi Nakamoto. Find out more at WeUseCoins.com.

Bitcoin Latest News

Industry Veteran Teaches Other Escorts How to Use Bitcoin - CryptoCoinsNews


CryptoCoinsNews

Industry Veteran Teaches Other Escorts How to Use Bitcoin
CryptoCoinsNews
Liara Roux is an "exclusive San Francisco escort," of the upscale variety, and she has been impacted by the recent decision of Visa, MasterCard, and American Express to cut off Backpage.com, a place that people in her industry often solicit customers ...

Posted on 2 August 2015 | 6:17 am

Bitcoin, Cops, Dark Net and Ricin — the Breaking Bad Way - newsBTC


newsBTC

Bitcoin, Cops, Dark Net and Ricin — the Breaking Bad Way
newsBTC
Television shows are mostly works of fiction and things don't turn out the same way in real life. A Liverpool based software engineer and father of two found it out the hard way. Mohamed Ammer Ali, a software engineer by profession living in the United ...

Posted on 2 August 2015 | 6:02 am

San Diego to Havana via Airbitz — The First Bitcoin Transaction - newsBTC


newsBTC

San Diego to Havana via Airbitz — The First Bitcoin Transaction
newsBTC
Bitcoin is the digital currency of the people, irrespective of region, religion, sex or politics. The recent bitcoin transaction between the United States and Cuba has proven that bitcoin, true to its essence is indeed a global currency. The ...

Posted on 2 August 2015 | 5:09 am

United Kingdom — A Bitcoin Paradise - newsBTC


United Kingdom — A Bitcoin Paradise
newsBTC
Different states in the United States of America have different stances against Bitcoin and other digital currencies. While some states like Texas view Bitcoin favorably, there are others like New York which are hell-bent on making things tough for ...

and more »

Posted on 2 August 2015 | 4:04 am

MtGox Bitcoin CEO is facing fresh allegations that he misused $8.9 million in ... - Business Insider


Business Insider

MtGox Bitcoin CEO is facing fresh allegations that he misused $8.9 million in ...
Business Insider
Tokyo (AFP) - Mark Karpeles, the head of the collapsed MtGox Bitcoin exchange who was arrested in Tokyo, is facing fresh allegations that he misused $8.9 million in customers' deposits, Japanese media reported Sunday. French-born Karpeles, 30, was ...
Bitcoin case arrest doesn't end mysteryAlbany Times Union
Head of Failed Japan-Based Bitcoin Exchange Mt. Gox ArrestedNBCNews.com
MtGox bitcoin chief Mark Karpeles arrested in JapanBBC News

all 305 news articles »

Posted on 2 August 2015 | 2:04 am

Bitcoin Price Weekly Analysis – More Losses Ahead - newsBTC


newsBTC

Bitcoin Price Weekly Analysis – More Losses Ahead
newsBTC
Bitcoin price declined this past week as we forecasted earlier and looks set for more losses. After the price traded close to 320.0 we witnessed a declining phase which was completed around 272.0. The price after finding support around 272.0 traded ...

Posted on 2 August 2015 | 12:15 am

Eris COO: Private and Public Blockchains Need to Co-Exist

Eris COO Preston Byrne talks misconceptions about his firm, which is among the more notable to claim the blockchain can exitst without bitcoin.

Posted on 1 August 2015 | 6:00 pm

Ashley Barr Reveals New Details about Mt.Gox Operations after Karpeles’ Arrest

As Mark Karpeles was being arrested on August 1, 2015, his former employee Ashley Barr, who operated under the name “Adam Turner,” took to Reddit to answer questions about his time at Mt.Gox. In his introduction, Barr wrote, “I was hired by Mark [Karpeles] in June 2011 to help him handle the crazy inbox at Mt.Gox during bitcoin’s initial rally. In January 2012 I was asked to become Mt.Gox’s CEO, a process which led to my dismissal in May 2012. My statement along with other ex-employees have led the Tokyo Metro Police’s arrest on embezzlement and ‘illegal manipulation of accounting.’ “We plan to eat pizza in front of Mark while he is in prison…” Barr talked openly about the work […]

The post Ashley Barr Reveals New Details about Mt.Gox Operations after Karpeles’ Arrest appeared first on Bitcoin Magazine.

Posted on 1 August 2015 | 3:47 pm

Bitcoin: When does it make sense to trade real dollars for virtual money? - Bangor Daily News


Bangor Daily News

Bitcoin: When does it make sense to trade real dollars for virtual money?
Bangor Daily News
The virtual currency Bitcoin recently took another step closer to becoming a mainstream tool of finance, thanks to the debut of the Bitcoin Investment Trust (OTCQX: GBTC). The trust represents the first mechanism for trading Bitcoin on a public ...

Posted on 1 August 2015 | 7:34 am

Revealing Bitcoin's Legality: The ZapChain Summit - Inside Bitcoins


Revealing Bitcoin's Legality: The ZapChain Summit
Inside Bitcoins
ZapChain, a website where one can engage in online discussions regarding a variety of topics, will entertain an online summit to discuss the benefits that are brought to us by the use of Bitcoin. Bitcoin's history is stained due to its use in criminal ...

and more »

Posted on 31 July 2015 | 9:29 pm

Overstock Sells $5 Million Cryptobond to New York Trading Firm

US retail giant Overstock has sold $5m of a recently issued "cryptobond" to FNY Managed Accounts, a New York-based trading firm.

Posted on 31 July 2015 | 3:03 pm

UK Is Leading The Way To Becoming A Global Bitcoin Hub - TechCrunch


TechCrunch

UK Is Leading The Way To Becoming A Global Bitcoin Hub
TechCrunch
In many countries, when it comes to regulating bitcoin companies, it's still mostly a work in progress. Some governments want to restrict bitcoin quite a lot, while others are adopting a more favorable stance. The U.K. has been the financial hub of ...
Former White House Advisor Explains Why Bitcoin Should Become OfficialReadWrite
Former Obama official: Bitcoin could change governance99 Bitcoins (blog)

all 8 news articles »

Posted on 31 July 2015 | 12:14 pm

HackCoin: Bitcoin Hackathon in India Sponsored by Microsoft, IBM and Citruspay

Zone Startups India, BitStreet and Block Chain University are hosting India’s first bitcoin hackathon at the Bombay Stock Exchange in India named “HackCoin Mumbai.” The hackathon will be joined by over a hundred developers looking to build blockchain-based applications for payments, big data and digital experience. “There are three problem statements – one for each theme,” explained Ajay Ramasubramanian, project head of Zone Startups India. “There are possibilities for the winning outputs to be rolled out into full-scale projects.” The hackathon is sponsored by Microsoft, IBM and Citruspay, and the executives of these companies will participate in the event as mentors and panelists. “What we are really excited about is not only that we are the first fintech hackathon in […]

The post HackCoin: Bitcoin Hackathon in India Sponsored by Microsoft, IBM and Citruspay appeared first on Bitcoin Magazine.

Posted on 31 July 2015 | 11:20 am

Bitcoin to Ripple Gateway to Shut Down for US Users

Ripple Inc., payment gateway for hundreds of assets and digital currencies has announced the closure of btc2ripple gateway for all US residents starting September 1, 2015. Btc2ripple gateway is one of the hundreds of gateways on the Ripple Trade platform which is used to purchase or trade BTC to XRP (Ripple’s IOU). On September 1, Ripple will shut down the btc2ripple gateway for all U.S. residents, which will disallow any Americans from purchasing or depositing BTC using Ripple Trade accounts. Btc2ripple is operated by a Lithuanian company UAB SKV3, located in Vilnius.  The decision to shut down the BTC to XRP gateway was finalized by UAB SKV3, not Ripple Inc. In a statement, the btc2ripple team announced, “We are discontinuing the […]

The post Bitcoin to Ripple Gateway to Shut Down for US Users appeared first on Bitcoin Magazine.

Posted on 31 July 2015 | 11:00 am

New Ethereum Foundation Executive Director and Board Members Signal a Reboot for Ethereum

One of the strengths of Ethereum is its decentralized nature, giving it a wider, more stable base. There are Ethereum project teams in different parts of the world, including Amsterdam, Berlin, Switzerland and Brazil. (For example, Geth was deployed by the Amsterdam team while Eth was produced by the Berlin team.) If there is a center to Ethereum, it would be in the beautiful town of Zug, Switzerland, home of the Ethereum Foundation that oversees the project’s finances, manages the funds raised in the Ether sale and determines the long-term vision and direction of Ethereum. Stephan Tual, chief communications officer for the Ethereum project, told Bitcoin Magazine that the new executive director and board members represent a fresh start, a […]

The post New Ethereum Foundation Executive Director and Board Members Signal a Reboot for Ethereum appeared first on Bitcoin Magazine.

Posted on 31 July 2015 | 10:37 am

Deutsche Bank Letter Touts 'Expertise' in Blockchain Tech

Deutsche Bank is exploring the use of the blockchain for a variety of potential applications, according to a recent letter from the German megabank.

Posted on 31 July 2015 | 10:07 am

Microsoft's Bing Launches Bitcoin Rewards Sweepstakes

A new partnership between Bing Rewards and startup Tango Card will let users of the search engine receive rewards in bitcoin.

Posted on 31 July 2015 | 8:20 am

You May Soon Get Bitcoin-Bought Cannabis Delivered by Drone

A company near San Fransisco has come up with a novel way to deliver bitcoin-purchased marijuana, via drone.

Posted on 31 July 2015 | 3:49 am

Kaspersky Data Shows Bitcoin Malware Attacks Declining in 2015

A new report from Kaspersky Lab shows that developers continue to target users with malware geared toward illicitly generating or stealing bitcoins.

Posted on 30 July 2015 | 12:51 pm

National Science Foundation Awards Research Grants on the Science and Applications of Cryptocurrency

The National Science Foundation has awarded research grants on the science and applications of crypto-currency, with approximately $1 million awarded to date. The NSF initiative is part of the “Secure and Trustworthy Cyberspace” program for cybersecurity research and development to minimize the dangers of cyber technology, promote education and training in cybersecurity, establish a science of cybersecurity and convert promising cybersecurity research into practice. The NSF grant has been awarded to Emin Sirer at Cornell University (grant information here), Elaine Shi, Michael Hicks, Jonathan Katz and David Van Horn at the University of Maryland (grant information here), and Dawn Song at the University of California-Berkeley (grant information here). Emin Sirer, an associate professor of computer science at Cornell University, researches […]

The post National Science Foundation Awards Research Grants on the Science and Applications of Cryptocurrency appeared first on Bitcoin Magazine.

Posted on 30 July 2015 | 11:49 am

Five Recommendations for Bitcoin Companies to Ensure Compliance with the Department of Justice

This is a guest post by Eugene Illovsky, a partner at Morrison & Foerster in Palo Alto.  He advises on corporate compliance and represents companies in their interactions with government investigatory, enforcement, and prosecutorial authorities. What compliance expectations does the Department of Justice have for businesses entering the virtual currency space? How can a company meet those expectations to stay out of trouble with DOJ, or at least mitigate the effects of any criminal inquiry on it as well as its executives, employees and investors? A recent speech by the Criminal Division head, Assistant Attorney General Leslie Caldwell, provides critical guidance on DOJ’s “approach to the emerging virtual currency landscape” and expands on its view that “compliance and cooperation from exchanges, […]

The post Five Recommendations for Bitcoin Companies to Ensure Compliance with the Department of Justice appeared first on Bitcoin Magazine.

Posted on 30 July 2015 | 11:38 am

Bitcoin Exchange Igot Challenges Scam Allegations

The founder of Australia-based bitcoin exchange igot has refuted claims that his business is a scam.

Posted on 30 July 2015 | 5:47 am

Leading Global Bitcoin Adoption, HashingSpace Corporation Uplifts to the OTCQB

Bitcoin Press Release: US Based HashingSpace Corporation Announced it has been uplifted to a higher reporting status on the OTC Market. HashingSpace will now be listed as OTCQB: HSHS. HashingSpace provides scalable datacenter and technology infrastructure for the global adoption of Bitcoin including Bitcoin ATMs and hosted ASIC mining. WENATCHEE, WA / July 29, 2015 / HashingSpace Corporation (OTCQB: HSHS), a company focused on the global adoption of Bitcoin, announced today that it has officially been uplifted to a higher reporting status. HashingSpace will no longer be listed on the Pink Sheets and has been moved to OTCQB status. HashingSpace Corporation submitted all the mandatory documents and has successfully met all of the initial requirements to receive this upgrade. The […]

The post Leading Global Bitcoin Adoption, HashingSpace Corporation Uplifts to the OTCQB appeared first on Bitcoin Magazine.

Posted on 29 July 2015 | 4:21 pm

Over 2 Years Old Valuable Bitcoin Alternative CryptoBullion (CBX) Announces Unprecedented PoSP Algorithm and Expansion Into Chinese Markets

Bitcoin Press Release: Over 2 years old, CryptoBullion is pleased to announce an unprecedented Proof-of-Stake-Participation algorithm and expansion into emerging Chinese markets. Designed to be rare and valuable, less than 1 million CBX are in circulation, with a variable annual interest rate of over 2% for stakers. FLORIDA, USA / July 29, 2015 / CryptoBullion (CBX), launched in June of 2013, is an exclusive cryptocurrency with less than 1-million units in circulation (21 times more rare than Bitcoin). CBX has successfully completed its distribution phase and has reached the planned stage where its money supply grows by 2% per year. This economically sound annual increase mirrors the supply fundamentals of precious metals, positioning CBX as the “platinum” alternative to Bitcoin’s […]

The post Over 2 Years Old Valuable Bitcoin Alternative CryptoBullion (CBX) Announces Unprecedented PoSP Algorithm and Expansion Into Chinese Markets appeared first on Bitcoin Magazine.

Posted on 29 July 2015 | 4:19 pm

US Presidential Candidate Rick Perry Reveals Bitcoin Stance

US presidential candidate Rick Perry has stated he supports "regulatory breathing room" for digital currencies such as bitcoin.

Posted on 29 July 2015 | 1:53 pm

Ripple Labs Taps US Treasury Official for Advisory Board

Blockchain startup Ripple Labs has added a former US Treasury Department official to its board of advisors.

Posted on 29 July 2015 | 12:19 pm

Survey: Consumers Say Bitcoin More Inconvenient Than Checks

A new survey has found that consumers believe bitcoin to be more inconvenient to use than traditional payment methods.

Posted on 29 July 2015 | 12:05 pm

US Government Funds $3 Million Cryptocurrency Research Initiative

Three US universities are set to conduct research on cryptocurrencies using roughly $3m in grant funding from the National Science Foundation.

Posted on 29 July 2015 | 10:55 am

Purse.io Sees Record New Users and $24,000 in Purchases on Amazon Prime Day

It wasn’t just regular consumers who were able to benefit from the much-anticipated Amazon Prime Day. Purse.io, the escrow service that connects users with bitcoin to users with Amazon gift cards, saw a significant amount of growth leading up to the big day. “We had the highest number of new users in a single week,” Andrew Lee, CEO of Purse, said in an interview with Bitcoin Magazine. There were a total of 2,145 new users during the week. However, the people weren’t just signing up and then forgetting about the website. Instead, they were actively participating on the site, purchasing goods. What surprised the team, though, was that it wasn’t just prime purchases that people were making. “There was a […]

The post Purse.io Sees Record New Users and $24,000 in Purchases on Amazon Prime Day appeared first on Bitcoin Magazine.

Posted on 29 July 2015 | 10:12 am

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Russian Watchdog Threatens News Site Over Bitcoin Article

Russia's media watchdog has told Zuckerberg Pozvonit, a local tech news site, it must delete or edit a bitcoin-related article.

Posted on 29 July 2015 | 4:56 am

American Banker Conference: Lines Drawn in Blockchain Debate

American Banker's Digital Currencies + the Blockchain featured speakers from across the blockchain and finance sectors.

Posted on 28 July 2015 | 4:00 pm

Microsoft Explores Blockchain Tech's Use for Social Good

The topic of how blockchain technology can be used to support social good was discussed at an event hosted by Microsoft last night.

Posted on 28 July 2015 | 9:32 am

Major Magazine Publisher to Accept Bitcoin Payments

Posted on 18 December 2014 | 12:43 pm

Mozilla accepting Bitcoin

Posted on 20 November 2014 | 1:55 pm

Wikimedia Foundation Now Accepts Bitcoin

Posted on 30 July 2014 | 3:14 pm

German Newspaper "taz" accepts Bitcoin

Posted on 22 July 2014 | 1:32 pm

airBaltic - World’s First Airline To Accept Bitcoin

Posted on 22 July 2014 | 11:03 am

Bitcoin taxfree in Denmark

Posted on 25 March 2014 | 5:46 pm

Bitcoin v0.9.0 released

Posted on 19 March 2014 | 6:44 am

Bitcoin-Qt v0.9.0rc3 released

Posted on 13 March 2014 | 3:21 am

Mt.Gox Statement

Posted on 3 March 2014 | 3:44 am

August 2, 2015 -
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