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Posted on 31 March 2015 | 2:17 pm
US retail giant Overstock has invested in blockchain technology specialist Peernova as part of its Series A financing.
Posted on 31 March 2015 | 2:00 pm
This is a guest post from Digital Currency Council Member Marty Zigman. Recently, I gave a webcast presentation to AICPA members to help accounting professionals understand Bitcoin and how to treat it on the general ledger. If you are an AICPA member, the webcast is available for your viewing. In this article, the key points from that presentation are outlined and will help accountants fundamentally understand and approach business based Bitcoin transactions. Bitcoin and General Ledger Treatment There are three key processes that ultimately produce different accounting practices and general ledger treatment when Bitcoin is involved. These three processes coincide with Bitcoin’s adoption phases as follows: Payment Method Foreign Currency Base Currency Bitcoin as a type of “Payment Method” Within […]
The post Three Methods for Simple Bitcoin Business Accounting appeared first on Bitcoin Magazine.
Posted on 31 March 2015 | 9:28 am
All this week, decentral.tv will be airing segments from the first Decentralized Technology (DEC_TECH) event held at MaRS Discovery District in Toronto, presented by Decentral. Held on March 17, 2015, the event drew a crowd of over 300 digital currency enthusiasts. Monday’s segment begins with opening remarks from host Anthony Di Iorio of Decentral and Adam Nanjee of MaRS. A series of presentations follows, beginning with Gerald Cotten, CEO of QuadrigaCX. QuadrigaCX is a Canadian exchange that recently became the first publicly traded bitcoin exchange in the world. Henry Chan, business technology analyst from Deloitte, then speaks about the value and the potential of the blockchain, followed by Mat Cybula of Cryptiv, who talks about how tipping can act as […]
The post DEC_TECH Toronto with Keynote Speaker Andreas Antonopoulos: This Week on Decentral.tv appeared first on Bitcoin Magazine.
Posted on 31 March 2015 | 8:28 am
Posted on 30 March 2015 | 5:42 pm
FOR IMMEDIATE RELEASE Bitcoin Consumer Fair to be Held in Atlanta Atlanta, GA (March 19, 2015) – The Loudermilk Conference Center in Atlanta is slated to host the 2015 Bitcoin Consumer Fair on the 18th of April. The event is geared toward both consumers and merchants who are interested in expanding the use of Bitcoin in the Atlanta area, as well as those interested in working on the business and technology side of Bitcoin. Bitcoin is a form of digital currency which employs encryption techniques to regulate generation of currency units and verify transfer of funds. Bitcoin is not associated with and operates independently from any central bank. “You can put a bank in your pocket. That’s pretty amazing,” said […]
The post Bitcoin Consumer Fair to be Held in Atlanta appeared first on Bitcoin Magazine.
Posted on 30 March 2015 | 3:39 pm
Starting tomorrow, potential users will be able to start buying Factoids, the currency that powers Factom, from Koinify. Factom is described as “a data layer for the blockchain” that will help businesses manage their data. To gain access to that Factom network, though, requires Factoids, a digital token designed specifically for the Factom network. Starting tomorrow, these new coins will be available for sale. However, they will not be dispersed until May 15th. This is where ShapeShift comes into play. ShapeShift allows for users to instantly convert from one cryptocurrency to the other. A user could trade their bitcoin instantly for litecoin or convert from dogecoin to Ripple. This ease of transferring from one currency to the other is the catalyst for this partnership. […]
The post ShapeShift & Factom Partner for Release of Factoids appeared first on Bitcoin Magazine.
Posted on 30 March 2015 | 3:32 pm
Two undercover agents who contributed to the US government's efforts to take down Silk Road are expected to be arrested on Monday.
Posted on 30 March 2015 | 10:52 am
Posted on 30 March 2015 | 9:23 am
The Wall Street Journal reports that Wall Street is exploring innovative applications of digital currencies to mainstream banking and financial issues. The recent wave of Wall Street interest in Bitcoin technology is inspired by a growing appreciation of the inevitability of radical changes in the financial industry, which is long overdue for the kind of Internet-driven cost savings that have affected other industries. The emphasis is on efficiency and cost-effectiveness: Bitcoin technology could slash costs, cut settlement times and reduce default risks. The Journal mentions several recent digital fintech news items, including investment opportunities, announcements, acquisitions and appointments of high-profile financial professionals, reported by Bitcoin Magazine in the last few weeks. “It’s an opportunity for Wall Street to streamline some […]
The post Barclays CEO: The Banking Sector Has Not Yet Felt the Full Disruptive Force of Technology, but It Will appeared first on Bitcoin Magazine.
Posted on 30 March 2015 | 8:58 am
Editor’s Note: In interest of full disclosure, CoinDesk is a competitor of Bitcoin Magazine. This article is a guest submission by Tom Hashemi, an experienced professional who has conducted market research for Shell, PayPal, Toyota, KPMG, and the Digital Currency Council. The same observations he makes about CoinDesk’s representation of the entire Bitcoin community apply equally to Bitcoin Magazine. “Making assumptions simply means believing things are a certain way with little or no evidence that shows you are correct, and you can see at once how this can lead to terrible trouble.” – Lemony Snicket CoinDesk, one of the premier outlets for news and analysis on digital currencies, has made a request of its readers. Fill in this survey, they asked, and […]
The post CoinDesk’s Assumptions About the Bitcoin Community appeared first on Bitcoin Magazine.
Posted on 30 March 2015 | 8:05 am
Bitcoin entrepreneur Charlie Shrem begins his stint in prison today, having been sentenced in December to two years behind bars.
Posted on 30 March 2015 | 6:57 am
Posted on 29 March 2015 | 3:46 pm
Posted on 29 March 2015 | 8:05 am
Posted on 29 March 2015 | 3:07 am
Houston, we have a problem. We need more cutting edge tech entrepreneurs. Luckily there’s a new space in Houston, Texas, built just for that, provided by Cryptospaces, which is backed by bitcoin consulting company, FinalHash. Located at 6907 Almeda Rd., the Houston Bitcoin Embassy is an incubator/ coworking space dedicated to tech startups. There are also plans to install a bitcoin ATM in the facility by the end of April. The Embassy is home to the Texas Coinitiative, a non-profit organization that promotes the use of Bitcoin in Texas. The Coinitiative mission statement reads: “We believe that our growing community will help to shape progress in this field. Come network with traders, entrepreneurs and innovators working in one of the […]
The post Houston Bitcoin Embassy Opens appeared first on Bitcoin Magazine.
Posted on 28 March 2015 | 3:22 pm
VC Fred Wilson shares his thoughts on New York State's revised Bitlicense regulations and the impact they may have on companies in the sector.
Posted on 28 March 2015 | 8:00 am
A special agent with the US Secret Service spoke out against bitcoin this week, arguing its primary use case is in illicit transactions.
Posted on 27 March 2015 | 4:15 pm
Lawnmower has opened its spare change-to-bitcoin service in beta, in what it hopes will be a product that successfully entices novice investors.
Posted on 27 March 2015 | 3:51 pm
The 30-day period for public comments on the latest draft of New York’s BitLicense proposal comes to a close today, March 27th. While the original comment period did result in tremendous developments to the proposal, many in the bitcoin intustry felt that there were still many onerous components that inhibit the development of new companies. Fred Wilson, founding partner at Union Square Ventures, said on his blog that startups should have to follow all the rules and laws of the land. “However, the arrival of new technologies should always be seen as an opportunity to review and update our laws and regulations in accordance with the benefits and challenges brought by these new technologies.” http://avc.com/2015/03/comments-on-the-proposed-bitlicense-regulations/ But Wilson argued that the revision […]
The post BitLicense Comment Period Closes; Fred Wilson, Coinbase, Coin Center Weigh In appeared first on Bitcoin Magazine.
Posted on 27 March 2015 | 3:23 pm
This week media coverage galvanized around positive stories reflecting the increasing interest of Wall Street in bitcoin technology.
Posted on 27 March 2015 | 1:05 pm
As cryptocurrencies grow in popularity, they will continue to threaten revenue streams of the traditional banking system, according to a new report from the British Banking Association (BBA). A section of The Digital Disruption: UK Banking Report looks specifically at cryptocurrencies and the impact they have already had, and will continue to have, on people's […]
Posted on 27 March 2015 | 7:47 am
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Bitcoin-to-cash service Bit2Me has cancelled its commission fees in a bid to remain competitive in the Spanish market.
Posted on 27 March 2015 | 5:19 am
Grayscale director Michael Sonnenshein discusses the launch of the newest among a group of companies in Barry Silbert's Digital Currency Group.
Posted on 26 March 2015 | 2:20 pm
Could a decentralised system where off-blockchain bitcoin transactions are sent over a network of micropayment channels solve blockchain scalability?
Posted on 26 March 2015 | 10:16 am
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