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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 calls for 'correction' of Australian bitcoin taxation - ZDNet


Industry calls for 'correction' of Australian bitcoin taxation
ZDNet
Under the guidelines, any capital gain or loss from the disposal of bitcoin paid by an individual to purchase goods or services for personal use or consumption will be disregarded as a personal use asset. However, individuals using bitcoin as an ...
Bitcoin industry launches backlash against Australian tax rulingsLeapRate
'Bitcoin' inquiry report set for MarchThe Australian
ATO guidance on GST treatment of bitcoin at the top of agenda as Senate ...StartupSmart
Business Spectator -iT News -Computerworld Australia
all 12 news articles »

Posted on 2 October 2014 | 1:09 am

BitBeat: The Bitcoin Documentaries Are Coming - Wall Street Journal (blog)


The Epoch Times

BitBeat: The Bitcoin Documentaries Are Coming
Wall Street Journal (blog)
The bitcoin documentaries are coming. Daniel Mross, the star of “The Rise and Rise of Bitcoin,” a documentary he made with his brother Nicholas in 2013, was in New York this week promoting the film's release on Friday (iTunes, Vimeo, small number of ...
Why a Computer Programmer Made a Movie About BitcoinBloomberg
'The Rise and Rise of Bitcoin' - Movie ReviewHuffington Post
Film Review: 'The Rise and Rise of Bitcoin'The Epoch Times
Cleveland Scene Weekly -freshwatercleveland -Under the Radar Mag
all 13 news articles »

Posted on 1 October 2014 | 5:33 pm

New Bitcoin ATMs: CoinOutlet Launches Huge ATM Network, and Machines ... - CoinTelegraph


CoinTelegraph

New Bitcoin ATMs: CoinOutlet Launches Huge ATM Network, and Machines ...
CoinTelegraph
The universe of Bitcoin ATMs (or BTMs, if you prefer) is growing at an increasing rate, and there are some interesting developments to report. Before we get into individual stories and machine launches, though, let's point out that the rate of Bitcoin ...
Is The Bitcoin Rally a Dead Cat Bounce?FX Empire
Baggot Inn Drops Bitcoin as Payment MethodFFT.ie

all 4 news articles »

Posted on 1 October 2014 | 4:57 pm

8 US Politicians to Receive Bitcoin By Mail This Week

BitPAC has sent $250 worth of bitcoin donations to eight members of Congress, including Rand Paul and Paul Ryan.

Posted on 1 October 2014 | 3:30 pm

Ex-VeriFone Exec: Bitcoin Isn’t Just Another Crazy Payments Idea

Ex-VeriFone CFO and new BitFury board member Bob Dykes talks about bitcoin in context of payments innovation.

Posted on 1 October 2014 | 2:30 pm

Bitcoin’s Impact on the Online Gaming Industry

The rise of the free and open Internet since the early 1990s has led the gambling industry to expand its reach further into new markets. Despite strict and heavy regulatory policies, online gambling firms have managed to comply with a seemingly endless barrage of tighter gambling laws. Likewise, new payment systems have emerged that provide easier ways to lure people into making more bets. One such scheme is the introduction of Bitcoin, which is an open-source system using peer-to-peer technology for online payments. This type of payment system has the ability to bypass certain restrictions in online gambling all over the world, making it a potentially profitable betting tool for online casinos and gamblers. Placing bets The advantages of using […]

The post Bitcoin’s Impact on the Online Gaming Industry appeared first on Bitcoin Magazine.

Posted on 1 October 2014 | 12:21 pm

A Magna Carta for Bitcoin

The Constitution is a living document. The Bible is a living document. The manifesto for the Pepsi logo is a living document and the Bitcoin white paper is breath, a breath of fresh air. Yes, this document is a representation of pure mathematical truth; however, I believe we are at fault if we are to assume “truth” is ubiquitously understood by the masses, or, that the white paper is a system of values and virtues the masses can empathize with. The majority of the world does not look to the white paper as a guideline for anything more than rational knowledge due to the very nature of math as an emotionless concept for anyone who is not a mathematician. Distilling […]

The post A Magna Carta for Bitcoin appeared first on Bitcoin Magazine.

Posted on 1 October 2014 | 11:22 am

Georgia Tech Integrates Bitcoin into Student Payment Cards

The Georgia Institute of Technology is the first university to integrate bitcoin into its students’ dining and shopping experience.

Posted on 1 October 2014 | 10:27 am

Advertise with Anonymous Ads

What Happened To The Bitcoin Price Decline? - CryptoCoinsNews


CryptoCoinsNews

What Happened To The Bitcoin Price Decline?
CryptoCoinsNews
price-chart-square The Bitcoin price hit $397.75 during the US trading session yesterday and has since retraced to $380. Trade has slipped back below the 20-period moving average on the 4-hour chart and downside looms… but where is it?

and more »

Posted on 1 October 2014 | 10:15 am

Georgia Tech and BitPay Announce Bitcoin Integration

ATLANTA, GA – OCTOBER 1, 2014 — Georgia Institute of Technology will be the first university in the world to integrate bitcoin payments into its stadium concession sales and student dining and shopping credit system, announced Wednesday by BitPay, the world’s leading bitcoin payment processor. Bitcoin point of sale devices will be located in the student section of Bobby Dodd Stadium, and the Barnes & Noble store in Tech Square will be home to a bitcoin-enabled point purchase terminal for student credit BuzzCards. Students who use bitcoin will now be able to purchase food and goods at almost all locations on the Tech campus. Georgia Tech was founded in 1885 and remains one of the most prestigious public universities in […]

The post Georgia Tech and BitPay Announce Bitcoin Integration appeared first on Bitcoin Magazine.

Posted on 1 October 2014 | 9:15 am

DigitalTangible Expands Crypto 2.0 Gold Trading Platform to Asia

Bitcoin and gold-trading platform DigitalTangible is expanding to Asia, thanks to a partnership with Hong Kong-based exchange Melotic.

Posted on 1 October 2014 | 8:30 am

Point-of-sale devices will be located in student section at Bobby Dodd Stadium - Georgia Tech Official Athletic Site


CoinDesk

Point-of-sale devices will be located in student section at Bobby Dodd Stadium
Georgia Tech Official Athletic Site
THE FLATS – Georgia Institute of Technology will be the first university in the world to integrate bitcoin payments into its stadium concession sales and campus card declining balance account program, announced Wednesday by BitPay, the world's leading ...
Georgia Tech Integrates Bitcoin into Student Payment CardsCoinDesk
Tech concessions to accept bitcoinAtlanta Journal Constitution (blog)
Georgia Tech becomes first university to accept bitcoin paymentswtvr.com
WXIA-TV -CoinTelegraph -CryptoCoinsNews
all 14 news articles »

Posted on 1 October 2014 | 8:20 am

Coinbase Leads Move to Bring Bitcoin to the Masses - Bloomberg


Bloomberg

Coinbase Leads Move to Bring Bitcoin to the Masses
Bloomberg
Brian Armstrong and Fred Ehrsam certainly look like the kind of guys who could help bitcoin recover from its wild years. They are tall and textbook fit, and as poised as Swiss bankers -- Vulcan Swiss bankers. Armstrong, 31 and a former software ...
Careful Grooming = Respectability For BitcoinDealBreaker

all 4 news articles »

Posted on 1 October 2014 | 8:03 am

Irish Pub Abandons Bitcoin, Cites Legal Concerns

Dublin’s first bitcoin pub has unplugged its ATM and stopped accepting payments in bitcoin, citing legal issues.

Posted on 1 October 2014 | 6:25 am

The Confusion in Competition

Sports, in many senses, polarize a playing field. They foster an ‘us versus them’ mentality that when taken to an extreme, can hurt others or create an environment where anyone playing the game is at risk for the sake of competition. I’ve seen this same spirit among those who support altcoins and have explicitly said their altcoin’s goal is to supplant Bitcoin’s current #1 spot. Is that really a worthy goal? Is there something better all cryptocurrencies can strive towards? Polarizing cryptocurrencies into rankings or villainizing other altcoins totally obfuscates the true purpose we share: to rise above the lie that we only have the freedom to use currencies issued by sovereign nations. Anyone who claims another cryptocurrency as their […]

The post The Confusion in Competition appeared first on Bitcoin Magazine.

Posted on 1 October 2014 | 6:21 am

Top Bitcoin VCs Back Coinapult's $775k Funding Round - CoinDesk


CoinDesk

Top Bitcoin VCs Back Coinapult's $775k Funding Round
CoinDesk
The Panama-based bitcoin wallet service provider raised the capital through two rounds of funding, and aims to use the money for additional marketing and product improvements. Speaking to CoinDesk, Coinapult CFO and COO Justin Blincoe indicated that ...
Bitcoin Service Coinapult Raises $775K from VC Group FirstMarkCryptoCoinsNews
Coinapult Raises $775K to Compete with Cards in Developing WorldPaymentsSource
Coinapult Raises $775000 in funding from a group of notable investors and ...ForexMinute.com
DigitalJournal.com -CoinTelegraph -newsBTC
all 8 news articles »

Posted on 30 September 2014 | 5:35 pm

Top Bitcoin VCs Back Coinapult’s $775k Funding Round

Coinapult has announced $775k in venture funding from FirstMark Capital, Roger Ver and more.

Posted on 30 September 2014 | 5:32 pm

Reddit Raises $50 Million, Plans New Cryptocurrency to Reward Users

Reddit has announced it may develop and distribute its own cryptocurrency to reward users for loyalty.

Posted on 30 September 2014 | 4:20 pm

Why I almost bit on bitcoin and nearly bought into the Butterfly Labs scam - ZDNet


CryptoCoinsNews

Why I almost bit on bitcoin and nearly bought into the Butterfly Labs scam
ZDNet
I almost got hooked on the bitcoin gold rush, but my Spidey-sense eventually told me to walk away. Other than a few lost hours exploring the idea, and a few lost hours talking things over with my wife, I didn't lose a penny. Others were apparently not ...
Bitcoin News in Review: PayPal, Butterfly Labs, Goldman Sachs, and MoreCryptoCoinsNews
Talks underway in federal dispute with bitcoin company Butterfly LabsKansas City Star
FTC: Butterfly Labs Held Back Shipments for Illicit MiningCoinDesk

all 15 news articles »

Posted on 30 September 2014 | 1:39 pm

Robocoin Launches Custom Bitcoin Wallet Targeting Underbanked

Robocoin has introduced a digital wallet for users of its bitcoin ATMs, as development of its platform continues.

Posted on 30 September 2014 | 1:00 pm

Bitcoin: Magic, Fraud, or Sufficiently Advanced Technology? Part II: Technical Structure

Part I introduced some of the challenges in the way of the public understanding of how Bitcoin works, and summarized the strategic roles of the open source software model, peer-to-peer networking, and digital signatures. Part II concludes by discussing hashing and the essential roles it plays in the technical structure of Bitcoin, as well how the system has been designed to be self-financing right from the beginning into the indefinite future. Making a hash of it Hashing plays a role quite different from digital signatures. It proves that a message has not been altered. Running a hash of the same message always produces the same result. If a hash does not match a previous one, it is a warning that […]

The post Bitcoin: Magic, Fraud, or Sufficiently Advanced Technology? Part II: Technical Structure appeared first on Bitcoin Magazine.

Posted on 30 September 2014 | 12:30 pm

Time For Islamic Law to Face The Bitcoin Question

Islamic finance is well-known as a world full of rules and prohibitions that seem strange and foreign to western scholars. Interest rates, excessive risk-taking, and investments in products deemed unethical such as wine, weapons, and pornography are strictly prohibited. In fact, every potential product to be invested in has to be approved by religious board members of Islamic banks. Bitcoin is no exception. Indeed, the financial climate around investing in Bitcoin is full of shadows in the Islamic world. No fatwa has been issued against the cryptocurrency, yet the final verdict on whether Muslims can invest in the cryptocurrency is still out. The bewildering array of legal systems scattered throughout the Muslim world doesn’t help, either. There are four fundamental legal […]

The post Time For Islamic Law to Face The Bitcoin Question appeared first on Bitcoin Magazine.

Posted on 30 September 2014 | 11:43 am

Why Republicans Should Love Bitcoin

The Republican reaction to bitcoin has been mixed. Some lawmakers have enthusiastically supported it, while others have unequivocally opposed it. Interestingly, many mainstream Republican positions make amiable bedfellows with bitcoin. In this article, each section begins with a quote taken directly from the 2012 Republican Party Platform, followed by a discussion of how bitcoin can address the issue in question. Small Business and Entrepreneurship America’s small businesses are the backbone of the U.S. economy, employing tens of millions of workers. Small businesses create the vast majority of jobs [and] are the leaders in the world’s advances in technology and innovation, and we pledge to strengthen that role and foster small business entrepreneurship. In a world where resources are preposterously precious and margins […]

The post Why Republicans Should Love Bitcoin appeared first on Bitcoin Magazine.

Posted on 30 September 2014 | 11:27 am

A Q&A with the CEO of BitNation

BitNation is described as offering a “full range of services traditionally done by governments.” Included in this are secure ID systems, block chain dispute resolutions, marriages and divorces, land registries, education, insurance, security and more. BitNation hopes to accomplish all of this through a fully distributed platform. It seems like the buzz word of 2014 is DAO or DAC (distributed autonomous organization/corporation, respectively). Ethereum has gotten a lot of media for their launch, and BitNation is preparing for their own launch, which takes place in approximately 13 days. I spoke with Susanne, the Founder and CEO of BitNation, about her background, interests and what she hopes to achieve with her project. Victoria: Susanne, what exactly is Bitnation? Can you give […]

The post A Q&A with the CEO of BitNation appeared first on Bitcoin Magazine.

Posted on 30 September 2014 | 9:47 am

Fashion Retailer Becomes Europe’s Largest Bitcoin Merchant

Online fashion and homeware retailer Showroomprive.com is now accepting payment in bitcoin.

Posted on 30 September 2014 | 8:10 am

CoinSpark’s Bitcoin 2.0 Platform Aims to Simplify Asset Transfers

CoinSpark has launched a bitcoin 2.0 platform it hopes could one day help move digital fiat dollars.

Posted on 30 September 2014 | 7:01 am

Aegis Wallet Brings Bitcoin to Android Smartwatches

A new version of the Aegis Wallet features support for Android Wear, Google’s new operating system for wearables.

Posted on 30 September 2014 | 6:18 am

Bankers Debate Bitcoin at Sibos 2014

Sibos 2014 included a day of seminars on bitcoin and the future of block chain applications.

Posted on 29 September 2014 | 5:55 pm

Early Bitcoin Adopter Calls for Multi-Sig Solutions After 750 BTC Theft

Bitcoin early adopter and entrepreneur Leo Treasure has offered a reward after losing nearly $280k to a hacker.

Posted on 29 September 2014 | 5:25 pm

Predicting Bitcoin’s Next Price Rise

Most explanations of the falling price of bitcoin fail to stand up to scrutiny, so what's really going on?

Posted on 29 September 2014 | 3:10 pm

Circle opens up, inviting anyone to link their bank account to Bitcoin - BetaBoston


BetaBoston

Circle opens up, inviting anyone to link their bank account to Bitcoin
BetaBoston
Amazingly, there is no fee to transfer funds between accounts. Additionally, like most money held by banks, Bitcoin funds held through Circle are insured. (Circle customers will have 100 percent of their full deposit value covered according to the ...
Circle's Bitcoin Service is Free—But Someone's Gotta PayXconomy
Jeremy Allaire Opens His Long-Awaited Bitcoin Product Circle Up To The PublicTechCrunch (blog)
Bitcoin goes mainstream: Circle's payments make cryptocurrencies easyThe Guardian
CNET -CryptoCoinsNews -SiliconANGLE (blog)
all 44 news articles »

Posted on 29 September 2014 | 7:14 am

PayPal and Virtual Currency

Posted on 23 September 2014 | 9:52 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

Added Bitcoin Central to bitcoincharts.com

Posted on 26 February 2014 | 3:21 pm

Problem with transactions

Posted on 10 February 2014 | 6:07 am

October 2, 2014 -
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