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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

Bitcoin Foundation Unveils New Consumer-Friendly Website

The Bitcoin Foundation has launched a new-look website featuring various resources on bitcoin and the organization itself.

Posted on 30 July 2014 | 10:07 am

BitPay Offers ‘Free and Unlimited’ Payment Processing for Merchants

BitPay has introduced a new price plan that is free and unlimited for its basic bitcoin payments processing service.

Posted on 30 July 2014 | 7:26 am

Advertise with Anonymous Ads

Bitcoins Affected by New York’s BitLicense May Trade at Discount

Savvy traders could profit handsomely from the bitcoin arbitrage opportunities presented by a future BitLicense, argues Jon Matonis.

Posted on 30 July 2014 | 6:47 am

#wearesatoshi

This is the feature article for Issue 20. Explaining Bitcoin to a luddite is like explaining the plot of an action-drama movie. Failing exchanges! “Overnight” millionaires! Bank robberies! Drug-busts! World-changing innovation! Government espionage and fortunes made and lost! One of the most interesting aspects is the superhero-like protagonist: our system’s very anonymous creator, Satoshi Nakamoto. #themanbehindbitcoin Satoshi Nakamoto is thought to be a pseudonym for the unknown “Father of Bitcoin”; in Japanese, Satoshi Nakamoto roughly translates to “thinking clearly inside the foundation.”1  For the purpose of this article, Satoshi will be referred to as a male. His preference for privacy is his hallmark. He used e-mail addresses and web-sites that were untraceable. In 2009, he produced his famous white paper […]

The post #wearesatoshi appeared first on Bitcoin Magazine.

Posted on 30 July 2014 | 6:17 am

CoinSafe Releases ‘Virtual Bitcoin ATM’ Apps for Merchants

CoinSafe says its new software allows businesses to trade bitcoins directly with walk-in customers.

Posted on 30 July 2014 | 5:19 am

The Bitcoin Crowd Reaches Out to the Gold Bugs - Businessweek


CoinTelegraph

The Bitcoin Crowd Reaches Out to the Gold Bugs
Businessweek
On the spectrum of currency ideologues, gold bugs and Bitcoin enthusiasts occupy equal but opposite positions. They're both suspicious that governments are going to meddle around with normal money so much that it becomes useless—it's just that one ...
You Can Now Use Ripple to Buy, Spend and Trade GoldCoinTelegraph
Anyone Can Now Trade, Send and Spend Physical Gold Online via GBI's Ripple ...IT Business Net

all 7 news articles »

Posted on 30 July 2014 | 3:55 am

New Zealand Bitcoin ATM Operator Shuts Down After Bank Refusals

A New Zealand bitcoin ATM operator is the latest to fall victim to the banking industry's digital currency barriers.

Posted on 29 July 2014 | 7:49 pm

Cypherpunk Comic ‘Hunt for Satoshi Nakamoto’ to launch Crowdfund on SWARM platform

Alex Preukschat, Josep Busquet and José Ángel Ares García, the trio behind ‘The Hunt for Satoshi Nakamoto’, the new Bitcoin Comic which previewed at CoinSummit and was recently written up on CoinDesk are gearing up to launch their project kickstarter style on the new SWARM platform which recently raised over $1,000,000 worth of Bitcoin in startup capital. Preukschat says he wants to take 1,000 pre-orders of the comic before it goes to print and those who sign up will receive crypto-tokens from the SWARM platform in return for their donations allowing them access to perks and special offers in future like limited edition artwork cover for the comic books and T-Shirts. Crowdfunding on a Bitcoin-only platform makes a lot of sense to Preukschat whose basic goal is to educate […]

The post Cypherpunk Comic ‘Hunt for Satoshi Nakamoto’ to launch Crowdfund on SWARM platform appeared first on Bitcoin Magazine.

Posted on 29 July 2014 | 7:03 pm

Bitcoin trading website accused of defrauding thousands of customers - Los Angeles Times


Bitcoin trading website accused of defrauding thousands of customers
Los Angeles Times
Coinabul LLC, a service based in Wyoming that exchanges bitcoin, an online currency, for precious metals, continued accepting bitcoin payments despite allegedly stopping shipments for nearly a year, according to a federal complaint filed Friday in ...

and more »

Posted on 29 July 2014 | 5:55 pm

Proposed Rules Expose Rifts Among Bitcoin Enthusiasts - New York Times


New York Times

Proposed Rules Expose Rifts Among Bitcoin Enthusiasts
New York Times
A new front has opened in the battle over Bitcoin. Since New York became the first state to propose virtual currency regulations two weeks ago, Bitcoin enthusiasts have had a mixed reaction on whether the new rules will help legitimize the virtual ...
Bitcoin? There's an ATM for thatChicago Tribune
Gold Bugs Meet Bitcoin Believers to Supplant the DollarBloomberg
Bitcoin ATMs Boom: New LocationsCoinTelegraph
WNEM Saginaw -The Times-Picayune -International Business Times, India Edition
all 88 news articles »

Posted on 29 July 2014 | 4:40 pm

ZipZap Raises $1.1 Million to Grow Global Bitcoin Payments Network

ZipZap has raised $1.1m in new funding with the goal of becoming the leading payment network for digital currencies.

Posted on 29 July 2014 | 3:20 pm

Dutch easyHotel Franchisee Accepts Bitcoin for Room Reservations

A franchisee for the popular European hotel chain is now taking payments in digital currency.

Posted on 29 July 2014 | 1:15 pm

Alpha Technology Blames PayPal Dispute for ASIC Delivery Delay

Manchester mining outfit Alpha Technology has missed its July delivery target, citing technical problems and a dispute with PayPal.

Posted on 29 July 2014 | 11:55 am

Bitcoin Payment Protocol Explained

What do you do with bitcoin? Why, you spend it of course! Or more precisely you pay for something or some service using it. The specific process to pay using bitcoin is called the Bitcoin Payment Protocol and it is codified in a document called BIP70.  A BIP is a Bitcoin Improvement Proposal and is one of the mechanisms used by the Bitcoin “core developers” to improve Bitcoin.  There are all sorts of BIPS on lots of great topics but let’s not get diverted. Go to: https://github.com/bitcoin/bips/  and check them out yourself. Now back to BIP70 the payment protocol. The description is at: https://github.com/bitcoin/bips/blob/master/bip-0070.mediawiki and is the basis for the technical content  of this article. The abstract of the payment […]

The post Bitcoin Payment Protocol Explained appeared first on Bitcoin Magazine.

Posted on 29 July 2014 | 5:51 am

Vocabulary Context Is The Reason Bitcoin Isn’t Deflationary

I hope to set a Bitcoin Magazine record for most succinct argument here, as my profession has an uncomfortable obsession with efficiency. I study economics because I like teaching at the University level, and because I want to improve the field. Here’s how the community can help. Coin enthusiasts often struggle at convincing economists and academics that Bitcoin is interesting, and that’s largely because the community is misusing many economic ideas. At the forefront of this is the misuse of the notion of a deflationary currency. Deflation is a decrease in the prices of goods, and yes as prices fall each unit of money is worth more in terms of how much it buys. This is not something that is […]

The post Vocabulary Context Is The Reason Bitcoin Isn’t Deflationary appeared first on Bitcoin Magazine.

Posted on 29 July 2014 | 5:16 am

Somebody Forgot to Tell the Blockchain It’s Over

There are so many headlines about impending doom right now. Russia versus Ukraine, which might drag US and Europe into war. The Syria conflict continues. The Mt. Gox bitcoin exchange finally implodes taking down 850,000 bitcoins with it. Charley Shrem of BitInstant under house arrest. Several governments issue warnings about bitcoin investment. The Federal Bank’s continuing to receive unrequested opinions coming, yet again, from Senator Machim; when financial baker JP Morgan ridicules it, their man Machim squawks each time he thinks he can get a headline conveniently ignoring that his allies at JP Morgan were just recently fined 15 BILLION in the last year.  Including the Bernie Madoff pyramid scheme they helped with. All the while the blockchain still toils […]

The post Somebody Forgot to Tell the Blockchain It’s Over appeared first on Bitcoin Magazine.

Posted on 29 July 2014 | 5:00 am

Coinapult Launches LOCKS, Aiming to Eliminate Bitcoin Price Volatility - CoinDesk


PaymentsSource

Coinapult Launches LOCKS, Aiming to Eliminate Bitcoin Price Volatility
CoinDesk
That could be set to change, however, with the introduction of a new service from Panama-based bitcoin wallet provider Coinapult. Called LOCKS, the offering allows users outside the US to peg the value of their BTC to the price of gold, silver, British ...
Coinapult Intros Service to Anchor Bitcoin's Price for Wary UsersPaymentsSource
Bitcoin Stages Reversal, Trades Back to $582Forex Market (blog)
The end of bitcoin risks? Coinapult launches hedging tech, but U.S. gets ...Upstart

all 6 news articles »

Posted on 29 July 2014 | 4:25 am

Coinapult Launches LOCKS, Aiming to Eliminate Bitcoin Price Volatility

Coinapult's LOCKS service allows consumers to reduce their exposure to bitcoin's volatility by pegging their BTC to another asset.

Posted on 28 July 2014 | 11:00 pm

Apple Allows the World's Most Popular Bitcoin Wallet Back Into Its Store - Wired


CNNMoney

Apple Allows the World's Most Popular Bitcoin Wallet Back Into Its Store
Wired
Six months after Apple removed Blockchain from its online App Store—effectively preventing people from using the popular bitcoin wallet app on the iPhone and the iPad—the tech giant has now allowed the app back into the store. “This seems to be the ...
Apple welcomes back top Bitcoin wallet appCNNMoney
Apple Cozies Up With Bitcoin -- What You Need to KnowMotley Fool
Blockchain's Bitcoin App Reinstated in Apple's App StoreWall Street Journal (blog)
CoinDesk -TechCrunch -Investorplace.com
all 46 news articles »

Posted on 28 July 2014 | 5:11 pm

Tim Draper Leads CrowdCurity’s $1 Million Seed Funding

CrowdCurity has raised $1 million in a round of seed funding led by Tim Draper and Kima Ventures.

Posted on 28 July 2014 | 4:10 pm

Atlas ATS Expands Institutional Bitcoin Exchange to European Market

Atlas ATS has expanded its global bitcoin exchange operation to Europe with a new local partnership in Spain.

Posted on 28 July 2014 | 12:20 pm

Moolah Acquires Troubled Altcoin Exchange MintPal

Digital currency services provider Moopay has purchased MintPal in an acquisition that will take place gradually through August.

Posted on 28 July 2014 | 11:40 am

SWIFT Institute Offers €15,000 for Bitcoin Research Project

The SWIFT Institute is launching a research programme on cryptocurrencies, with a €15,000 grant for the winning proposal.

Posted on 28 July 2014 | 10:56 am

BTC China Upgrades Mobile App with New Trading Pairs, Live Charts

BTC China has upgraded its Mobile Exchange app with direct bitcoin-to-litecoin trading and live data for itchy-fingered traders.

Posted on 28 July 2014 | 10:10 am

Blockchain Returns to Apple iOS with New Bitcoin Wallet

Blockchain returns to the App Store with a totally rewritten wallet app for users of Apple's iPhone and iPad.

Posted on 28 July 2014 | 7:30 am

California Lawyer is Latest Congressional Candidate to Accept Bitcoin

Christina Gagnier, a Californian tech lawyer and business owner, is the latest congressional candidate to accept bitcoin donations.

Posted on 28 July 2014 | 4:22 am

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 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

Bitcoincharts and SSL

Posted on 4 March 2014 | 2:21 pm

Mt.Gox Statement

Posted on 3 March 2014 | 3:44 am

Mt.Gox Bankcrupty Protection

Posted on 28 February 2014 | 8:39 am

Added Bitcoin Central to bitcoincharts.com

Posted on 26 February 2014 | 3:21 pm

Washington Dispensary Now Takes Bitcoin for Cannabis

Posted on 7 February 2014 | 5:39 am

Blockchain banned from App Store

Posted on 7 February 2014 | 5:35 am

Coinbase Now Requires Two Factor Authentication For Certain Actions

Coinbase now requires two-factor authentication (also known as 2FA) for certain transactions and changes to an account. The one primarily dealt with in their blog post, seen here, is sending

The post Coinbase Now Requires Two Factor Authentication For Certain Actions appeared first on Bitcoin Blogger.

Posted on 15 January 2014 | 1:58 am

C.A.T. Cryptsy Auto Trader Prints Money All Day Long!

If you’re like me, you know nothing about daytrading. While I was always interested in it, I lacked the time of day to learn about it, and didn’t have much

The post C.A.T. Cryptsy Auto Trader Prints Money All Day Long! appeared first on Bitcoin Blogger.

Posted on 14 January 2014 | 7:53 pm

Bitcoin In The Beltway: Washington D.C. Bitcoin Conference June 20th-22nd

Bitcoin conventions and conferences are a great way for locals to network and hear motivating words from industry leaders.  More and more Bitcoin Conferences are happening each and every year

The post Bitcoin In The Beltway: Washington D.C. Bitcoin Conference June 20th-22nd appeared first on Bitcoin Blogger.

Posted on 6 January 2014 | 2:50 pm

Incentives, Make-Believe Money, and Pretend-to-be-a-day-trader Day

I worry sometimes, folks. Usually about things other than Bitcoin, because it needs time to mature and make its own mistakes. But still, sometimes I worry about it. My biggest

The post Incentives, Make-Believe Money, and Pretend-to-be-a-day-trader Day appeared first on Bitcoin Blogger.

Posted on 23 December 2013 | 7:04 pm

Alleged Silk Road Administrators Arrested in Virigina, Australia, and Ireland

TechCrunch reported on rumors of arrests of some Silk Road administrators earlier this week, and those rumors have been confirmed. According to an official announcement  from the Southern District of

The post Alleged Silk Road Administrators Arrested in Virigina, Australia, and Ireland appeared first on Bitcoin Blogger.

Posted on 21 December 2013 | 10:34 pm

Bitcoin Billboards Appearing Around Los Angeles

This story first appeared in CCN. Los Angeles residents driving near the area of Robertson and Cadillac might notice a new unusual advert on the billboard at 2363 S Robertson

The post Bitcoin Billboards Appearing Around Los Angeles appeared first on Bitcoin Blogger.

Posted on 20 December 2013 | 11:45 am

July 30, 2014 -
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