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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

Digital Dodge: Some Greeks Using Bitcoin to Evade Currency Controls - NBCNews.com


Reuters

Digital Dodge: Some Greeks Using Bitcoin to Evade Currency Controls
NBCNews.com
New customers depositing at least 50 euros with BTCGreece, the only Greece-based bitcoin exchange, open only to Greeks, rose by 400 percent between May and June, according to its founder Thanos Marinos, who put the number at "a few thousand.
Fearing return to drachma, some Greeks use bitcoin to dodge capital controlsReuters
Greece crisis: Greeks turn to Bitcoin as cashflow restrictedThe Independent
For Greece, bitcoin is more talk than realityMarketWatch
PYMNTS.com
all 69 news articles »

Posted on 3 July 2015 | 12:12 pm

Details of $5 Million Bitstamp Hack Revealed - CoinDesk


SC Magazine UK

Details of $5 Million Bitstamp Hack Revealed
CoinDesk
Six employees of Bitstamp were targeted in a weeks-long phishing attempt leading up to the theft of roughly $5m in bitcoin in January, according to an unconfirmed incident report said to be drafted internally by the bitcoin exchange. The confidential ...
Leaked document reveals internal Bitstamp Bitcoin raid investigationSC Magazine UK
Bitcoin Exchange Hacked With Word MacroBankInfoSecurity.com
New Details Emerge in Bitstamp's $5 Million Bitcoin HackCryptoCoinsNews
99 Bitcoins (blog) -Brave New Coin -Softpedia News
all 8 news articles »

Posted on 3 July 2015 | 9:42 am

BNP Paribas: Blockchains Will Destroy or Rebuild Securities Services

Blockchain technology will bring either doom or opportunity to securities services firms, according to European banking giant BNP Paribas.

Posted on 3 July 2015 | 9:00 am

Kleiner Perkins: Blockchain Tech Will Spawn Amazon-Sized Successes

KPCB Edge partner Anjney Midha explains why his new $4m seed-stage investment firm is bullish on the bitcoin blockchain.

Posted on 3 July 2015 | 7:19 am

JUL 3 DIGEST: Escort Teaches Other Escorts about Bitcoin; BNP Paribas Calls ... - CoinTelegraph


CoinTelegraph

JUL 3 DIGEST: Escort Teaches Other Escorts about Bitcoin; BNP Paribas Calls ...
CoinTelegraph
BNP Paribas, one of the largest banks in the world, has released a new report in which the bank details two scenarios for the integration of blockchain technology in our financial system, while arguing that bitcoin, "the first successful attempt for a ...

and more »

Posted on 3 July 2015 | 6:54 am

Bitcoin Price Continues to Fall; Here's What We Are Looking at - newsBTC


Bitcoin Price Continues to Fall; Here's What We Are Looking at
newsBTC
On Thursday evening, shortly before the markets closed in Europe, we published our twice-daily bitcoin price watch piece. In the piece, we highlighted levels that we were watching throughout the Asian session on Thursday evening, and suggested how we ...

Posted on 3 July 2015 | 5:22 am

Email Paywall System ‘Mailman' Wins Coinbase Hackathon

Mailman has won Coinbase's second hackathon, which gave away $70,000 worth of bitcoin in prizes.

Posted on 3 July 2015 | 4:03 am

Paypal Shuts Down in Greece - Bitcoin Still Operates - CryptoCoinsNews


CryptoCoinsNews

Paypal Shuts Down in Greece - Bitcoin Still Operates
CryptoCoinsNews
As if everything to do with money is not bad enough, Greeks no longer have access to their PayPal accounts, reports Quartz. Capital controls imposed by the Greek government mean that Greek citizens can only withdraw 60 euros (effectively 50 euros after ...

and more »

Posted on 3 July 2015 | 3:03 am

Bitcoin Price - Potential Watershed at $250 - CryptoCoinsNews


CryptoCoinsNews

Bitcoin Price - Potential Watershed at $250
CryptoCoinsNews
The 1-day Bitcoin price chart is looking more bullish every week, yet there are some immediate technical influences at smaller timeframes that are affecting price. Technical analysis looks at a bearish influence in the 4-hour chart that is presently ...
Bitcoin Price Technical Analysis for 3/7/2015 – Make or BreaknewsBTC
Bitcoin price easesWest Texas News
Cryptocurrency Trading News: Bitcoin Correction Extends, Maintaining Bullish BiasForexMinute.com

all 7 news articles »

Posted on 3 July 2015 | 1:02 am

Plex hacker demands Bitcoin ransom for return of data - PCWorld


PCWorld

Plex hacker demands Bitcoin ransom for return of data
PCWorld
Video streaming service Plex has reset user passwords after it was breached by a hacker who threatened to release stolen data unless he's paid a ransom. The company found out on Wednesday that a server hosting its forum and blog had been ...
Bitcoin Ransom Worth $2400 Demanded From PlexnewsBTC
Hacker plunders Plex, demands bitcoin payoff to avert FULL EXPOSUREThe Register
Plex Hacker Demands Bitcoin Or Server Data Will Be Released: You Should ...Tech Times

all 53 news articles »

Posted on 2 July 2015 | 6:42 pm

How Ascribe Uses Bitcoin Tech to Help Underserved Artists

CoinDesk speaks with Ascribe CTO Trent McConaghy, who co-founded a startup behind a blockchain-powered IP ownership platform.

Posted on 2 July 2015 | 3:15 pm

The MoneyShow San Francisco – Where Informed Investors Discover Tomorrow’s Unique Growth & Income Investments Today!

Featuring 75+ top experts’ specific strategies and recommendations as well as in-depth classes on current hot sectors such as on REITs and cannabis investing SARASOTA, FL, June 25, 2015 – MoneyShow, the world’s leading producer of investment tradeshows and cruises, will host The MoneyShow San Francisco, July 16-18, 2015, at the Marriott Marquis San Francisco. http://yBitcoin.SanfranciscoMoneyShow.com   Admission is free and thousands of investors from more than ten countries are expected to attend, joining over 75 globally-renowned money managers, economists, financial newsletter editors, tech and biotech company CEOs, media personalities who will be speaking in person at the Show. Kicking off this event at our opening ceremonies will be author, economist, and technologist George Gilder, creator of ‘Telecosm’, who will […]

The post The MoneyShow San Francisco – Where Informed Investors Discover Tomorrow’s Unique Growth & Income Investments Today! appeared first on Bitcoin Magazine.

Posted on 2 July 2015 | 1:58 pm

KEYNOTE 2015: Rebooting Finance with a New Kind of Ledger

On August 3rd 2015, the FinTech conference Keynote2015 will be landing in Los Angeles to unpack distributed ledgers – the tech behind bitcoin – and enlighten participants as to how they can revolutionize the financial world with this radical new ledger. Geared for those that want to know not only how this new disruptive tech works, but how it can work for them, Keynote2015 offers a compact one-day agenda that boasts the biggest and brightest names in the industry, including Surash Ramamurthi, Yobie Benjamin, and Aaron Cooper from the DOJ. Keynote2015 will take place in the opulent surrounds of the Legendary Park Plaza Hotel in downtown Los Angeles. Representatives from businesses such as Paypal, Square, Twitter and Uber will be […]

The post KEYNOTE 2015: Rebooting Finance with a New Kind of Ledger appeared first on Bitcoin Magazine.

Posted on 2 July 2015 | 1:56 pm

Bitcoin Standardization, Security and Accountability: the DCC, C4, and OBPP

There has been a longstanding debate within the Bitcoin ecosystem on the concept of regulation and standardization of the industry. There are generally two camps of Bitcoin enthusiasts. One side contends that Bitcoin was meant not to be regulated. The other side wants to work alongside regulators to bring about mass adoption of the digital currency. Currently, it is very easy for a wallet manufacturer to make claims about privacy that cannot be easily checked by the average user. Recent scams and fraudulent players in a rapidly growing industry have prompted both sides to reach a consensus; the industry needs a watchdog to protect consumers. Enter the Watchmen Last March Bitcoin Magazine covered C4’s announcement of a new Crypto Security […]

The post Bitcoin Standardization, Security and Accountability: the DCC, C4, and OBPP appeared first on Bitcoin Magazine.

Posted on 2 July 2015 | 12:58 pm

Brazilian Congressman Calls for Hearing on Bitcoin Regulation

Brazilian Congressman Manoel Junior has proposed a public hearing to discuss the potential regulation of bitcoin and the blockchain.

Posted on 2 July 2015 | 12:16 pm

Internet Activists Ridicule PM Cameron’s Plan to Ban Strong Encryption in the UK

British Prime Minister David Cameron said that his government intends to ban strong encryption, UK’s leading political news website politics.co.uk reports. In reply to Tory Member of Parliament Henry Bellingham, who asked the prime minister whether the attacks in Tunisia meant it was time companies such as Google, Facebook and Twitter understand that their current privacy policies are completely unsustainable, Cameron said that the security services must always be able to spy on online communications. “Britain is not a state that is trying to search through everybody’s emails and invade their privacy,” said Cameron. “We just want to ensure that terrorists do not have a safe space in which to communicate. That is the challenge, and it is a challenge […]

The post Internet Activists Ridicule PM Cameron’s Plan to Ban Strong Encryption in the UK appeared first on Bitcoin Magazine.

Posted on 2 July 2015 | 11:05 am

Weeks Before the eBay Split, PayPal Acquires Digital Payment Provider Xoom

Paypal announced on Wednesday that it was acquiring San Francisco-based Xoom, a company that facilitates the digital transfer of money internationally, Forbes reports. The all-cash deal values Xoom at $890 million, or $25 a share. “Expanding into international money transfer and remittances aligns with our strategic vision to democratize the movement and management of money,” said PayPal President Dan Schulman. “Acquiring Xoom allows PayPal to offer a broader range of services to our global customer base, increase customer engagement and enter an important and growing adjacent marketplace,” he said. “Xoom’s presence in 37 countries – in particular, Mexico, India, the Philippines, China and Brazil – will help us accelerate our expansion in these important markets.” Xoom is a digital money […]

The post Weeks Before the eBay Split, PayPal Acquires Digital Payment Provider Xoom appeared first on Bitcoin Magazine.

Posted on 2 July 2015 | 11:01 am

Silk Road: Undercover agent admits stealing Bitcoin - BBC News


BBC News

Silk Road: Undercover agent admits stealing Bitcoin
BBC News
He stole more than $700,000 (£448,000) in the digital currency Bitcoin. Force also secretly solicited payment from the marketplace's operator for information about the US investigation. During the course of the investigation, the former US Drug ...
Silk Road: undercover DEA agent turned bitcoin thief pleads guiltyThe Guardian
Former Silk Road DEA Agent Pleads Guilty to Bitcoin TheftCoinDesk
DEA Agent Who Stole Bitcoin During Silk Road Investigation Pleads GuiltyGizmodo
Forbes -Engadget
all 175 news articles »

Posted on 2 July 2015 | 6:08 am

Details of $5 Million Bitstamp Hack Revealed

Six employees of bitcoin exchange Bitstamp were targeted in a phishing attack leading up to the theft of roughly $5m in bitcoin, an unconfirmed report claims.

Posted on 1 July 2015 | 3:45 pm

Singapore Central Bank Funds Blockchain Recordkeeping Project

The Monetary Authority of Singapore has funded a blockchain-based recordkeeping system as part of a five-year $225m investment plan.

Posted on 1 July 2015 | 3:00 pm

Financial Action Task Force Issues Bitcoin Guidelines, Warns about Money Laundering

The independent intergovernmental organization FATF or The Financial Action Task Force (on Money Laundering), headquartered in Paris, has published a report as a guide for using digital currencies titled “Guidance for a Risk-Based Approach to Virtual Currencies.” It includes benefits of digital currencies as well as potential risks of money laundering and terror financing. The report is essentially the conclusion to the recent meeting held at Brisbane that was participated by 34 member nations and two regional organizations – the European Union and the Gulf Co-operation Council — to discuss policies, regulations and compliance for digital currencies. The 48-page extended report issued by the FATF described bitcoin payment services and products as potential tools for money laundering, and announced that […]

The post Financial Action Task Force Issues Bitcoin Guidelines, Warns about Money Laundering appeared first on Bitcoin Magazine.

Posted on 1 July 2015 | 11:27 am

Bank Lines in Athens Trigger a Rush to Gold and Bitcoin

The crisis in Greece is unfolding so fast that new breaking updates are being published every hour. Yesterday, Greece became the first developed nation ever to default on the International Monetary Fund (IMF). Hours after Greece missed the deadline for its repayment to the IMF, European ministers will meet to discuss the Greek request for a new bailout, BBC News reports. The Financial Times reports that Greek PM Alexis Tsipras seems ready to concede on most outstanding differences between his government and its international bailout creditors. According to a leaked letter sent late Tuesday night to the heads of the country’s trio of bailout monitors, Tsipras is prepared to accept most of the economic reform proposals issued by the European […]

The post Bank Lines in Athens Trigger a Rush to Gold and Bitcoin appeared first on Bitcoin Magazine.

Posted on 1 July 2015 | 11:11 am

French Bitcoin Startups Back FinTech Trade Group

Bitcoin wallet hardware maker Ledger and bitcoin exchange Paymium are among the 36 fintech startups backing France FinTech, a new trade group.

Posted on 1 July 2015 | 6:31 am

Blythe Masters Joins Digital Currency Advocacy Group as Advisor

The Chamber of Digital Commerce, a digital currency advocacy group, has appointed former Wall Street executive Blythe Masters as an advisor.

Posted on 1 July 2015 | 4:30 am

Digital Currencies a Silver Lining in the Dark Cloud of Greece’s Economic Crisis

As the world watches nervously, Greece, under pressure from the European Central Bank, takes the serious step of imposing capital controls: Banks are closed, ATM withdrawals are limited and funds cannot be sent out of the country. Capital controls will be in place at least until July 7 after Sunday’s citizens’ referendum that will ask Greeks if they want to remain in the European Union and accept their creditors’ terms. Will Bitcoin benefit from the current crisis? There’s lots of speculation that the rate of adoption of digital currencies may increase more rapidly as a result of the current crisis in Greece. CNN makes the case noting: “The world’s largest Bitcoin exchanges tell CNNMoney they’ve seen a surge of business […]

The post Digital Currencies a Silver Lining in the Dark Cloud of Greece’s Economic Crisis appeared first on Bitcoin Magazine.

Posted on 30 June 2015 | 8:48 am

The Fear of Capital Controls May be Spreading from Greece to Italy

Yesterday, Bitcoin Magazine reported that Greece had closed its banks and imposed capital controls to prevent financial chaos after the breakdown of bailout talks with its international creditors. The decision came at the end of a weekend that brought Greece closer to “Grexit” – the potential exit from the Eurozone and perhaps the European Union (EU) itself – and confronted Europe with a serious crisis. Today, Jose Pagliery, the author of “Bitcoin – And the Future of Money,” reports on CNN Money that Greeks are rushing to bitcoin. The article includes testimonials from top bitcoin exchanges such as bitcoin.de, Bitcurex, and China-based LakeBTC, stating that they are seeing a surge of business and inquiries from Greece. This is, according to […]

The post The Fear of Capital Controls May be Spreading from Greece to Italy appeared first on Bitcoin Magazine.

Posted on 30 June 2015 | 8:24 am

BitGo Launches New Financial Transparency Service

BitGo has announced the release of Verified by BitGo, a tool aimed at allowing customers to provide greater financial transparency.

Posted on 30 June 2015 | 7:01 am

Westpac-Backed VC Firm Among Coinbase's Series C Investors

Reinventure Group, a venture capital firm backed by Westpac, Australia's second-largest bank, has been revealed as one of Coinbase's Series C backers.

Posted on 30 June 2015 | 1:19 am

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Mining Malware Developer Settles with Federal Trade Commission

A cryptocurrency mining malware developer has settled with the US Federal Trade Commission (FTC) and the New Jersey Attorney General's Office.

Posted on 29 June 2015 | 1:03 pm

Kraken Opens Bitcoin Exchange in Canada

Kraken has become the latest US-based bitcoin exchange to launch services in the Canadian market.

Posted on 29 June 2015 | 10:20 am

Major Magazine Publisher to Accept Bitcoin Payments

Posted on 18 December 2014 | 12:43 pm

Microsoft accepts Bitcoin

Posted on 11 December 2014 | 5:06 am

Mozilla accepting Bitcoin

Posted on 20 November 2014 | 1:55 pm

Advertise with Anonymous Ads

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

Expedia to accept Bitcoin payments for hotel bookings

Posted on 12 June 2014 | 12:41 pm

Bitcoin Core version 0.9.1 released

Posted on 8 April 2014 | 4:27 pm

Bitcoin v0.9.0 released

Posted on 19 March 2014 | 6:44 am

Mt.Gox Statement

Posted on 3 March 2014 | 3:44 am

July 3, 2015 -
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