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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

Ideal Recipe – Mixing Governments With Bitcoins - newsBTC


Ideal Recipe – Mixing Governments With Bitcoins
newsBTC
Bitcoin, since its inception has been hailed for the decentralized model that allows the transaction of digital currency between users without the involvement of governments and financial institutions. People do not want government's involvement in the ...

Posted on 18 April 2015 | 2:33 pm

Bitcoin Bus Tour Launches from Keene! - Free Keene


Free Keene

Bitcoin Bus Tour Launches from Keene!
Free Keene
In the long tradition of interstate, large-vehicle liberty tours launching from Keene including Motorhome Diaries and Liberty on Tour, the Bitcoin Bus kicks off an “uncoinventional” tour across the Eastern United States! Free State Project participants ...

and more »

Posted on 18 April 2015 | 1:49 pm

The Death of Paycoin: Employee Video Reveals Internal Chaos

It has been a tough couple weeks for GAW with a $350,000 lawsuit and now an announcement that it and its cryptocoin, Paycoin, has changed from its original iteration. According to a new whitepaper that is being circulated, Paycoin has entered a new stage where it leaves the hands of GAW and is now being held by a consortium of organizations. “The fate of Paycoin is now in the hands of every person and organization that hold coins. With this newfound freedom, we want to exercise our rights to make Paycoin the people’s money and do what is necessary to help the coin thrive,” the Paycoin Foundation wrote on its site. In an open dialogue, many of the parties to […]

The post The Death of Paycoin: Employee Video Reveals Internal Chaos appeared first on Bitcoin Magazine.

Posted on 18 April 2015 | 11:36 am

5 Surprising Facts from CoinDesk's State of Bitcoin Report - CoinDesk


CoinDesk

5 Surprising Facts from CoinDesk's State of Bitcoin Report
CoinDesk
Last Friday we released our quarterly State of Bitcoin report, which aims to provide a snapshot of events across the bitcoin ecosystem. With 87 slides of data, it's a hefty read. Here, we've cherry-picked some of the most surprising insights gleaned ...

Posted on 18 April 2015 | 5:02 am

'Barclays closed down my bank account after Bitcoin trade' - Telegraph.co.uk


Telegraph.co.uk

'Barclays closed down my bank account after Bitcoin trade'
Telegraph.co.uk
He started buying and selling Bitcoin through online exchanges on February 14. Mr Bartlett, who hopes to study computer science when he goes to university in September, had swotted up on the currency and wanted to see whether he could make some ...

and more »

Posted on 17 April 2015 | 11:58 pm

Rainforest Foundation to Support New Digital Currency in Environmental Protection Bid

The Rainforest Foundation has announced a new cryptocurrency aimed at furthering its goal of restoring global rainforests.

Posted on 17 April 2015 | 4:24 pm

Controversial Dark Web Bitcoin Bot Released from Custody - CoinDesk


Belfast Telegraph

Controversial Dark Web Bitcoin Bot Released from Custody
CoinDesk
An automated shopping bot designed to make purchases on dark web marketplaces using bitcoin has been released after it was confiscated months ago. The Random Darknet Shopper made headlines last fall after it purchased, among other items, a supply ...
Robot that bought MDMA, passport and baseball cap released by authoritiesBelfast Telegraph
Police release drug-buying Swiss bot for the sake of artMashable

all 8 news articles »

Posted on 17 April 2015 | 1:38 pm

Bitcoin in the Headlines: Child Porn and Price Disregarded

This week, bitcoin was once again associated with nefarious transactions, though this may have interestingly deflected more usual criticisms.

Posted on 17 April 2015 | 12:43 pm

Backed by Silicon Valley Cash, Bitcoin Begins to Mature - KQED


KQED

Backed by Silicon Valley Cash, Bitcoin Begins to Mature
KQED
Bitcoin has been around for six years now, but most of us are still unclear on just what it is, let alone why it matters. The digital currency has been flying under the radar, appealing to a group of die-hard fans, like libertarians who want freedom ...

Posted on 17 April 2015 | 10:48 am

Simplicity is Bitcoin Investment App Lawnmower's Strength and Weakness

Bitcoin's take on the investment app Acorns, Lawnmower rounds bank purchases up to the nearest dollar and invests the change in bitcoin.

Posted on 17 April 2015 | 10:08 am

The New Stellar Consensus Protocol Could Permit Faster and Cheaper Transactions

Stanford professor David Mazières thinks he has a faster, more flexible and more secure alternative to Bitcoin, MIT Technology Review reports. Two independent reviewers, from Stanford and Cornell universities, agree that the new technology could make digital payments and other transactions cheaper, safer and easier. Alternative blockchains are often dismissed as worthless “me-too” copycats or scamcoins, which, unfortunately, has some element of truth. But Mazières’ approach deserves a place among the serious alternatives to Bitcoin that have been proposed, alongside Ethereum and Ripple. Public digital currency ledgers rely on distributed consensus protocols to propagate valid transactions. In the Bitcoin network, independent nodes (miners) work together without preferential trust relations. In other words, each node implicitly trusts every other node. In […]

The post The New Stellar Consensus Protocol Could Permit Faster and Cheaper Transactions appeared first on Bitcoin Magazine.

Posted on 17 April 2015 | 9:56 am

US Presidential Candidate Rand Paul to Appear at Bitcoin Event

Kentucky Senator and Republican presidential candidate Rand Paul is set to appear at a bitcoin-focused event in New York City this weekend.

Posted on 16 April 2015 | 3:30 pm

Establishing Trust In The Bitcoin Ecosystem - TechCrunch


TechCrunch

Establishing Trust In The Bitcoin Ecosystem
TechCrunch
Yet, it can be fairly argued that trust, or a lack thereof, has been at the heart of the troubles in the bitcoin ecosystem since that day. While the technology has been and continues to be robust, the failure of a few individuals to meet their ...
London stakes its claim as global bitcoin hubReuters
Is the World Interested in Bitcoin or the Blockchain?newsBTC
US Presidential Candidate Rand Paul to Appear at Bitcoin EventCoinDesk
Investopedia -CoinTelegraph
all 64 news articles »

Posted on 16 April 2015 | 3:01 pm

NYDFS Expects Final BitLicense 'Very Soon'

Two weeks after closing a final round of comment, the NYDFS suggests it's moving forward to release the final BitLicense "very soon".

Posted on 16 April 2015 | 12:40 pm

Alex Winter Talks Bitcoin, Drugs and His New Film 'Deep Web'

CoinDesk managing editor Emily Spaven interviews director Alex Winter ahead of the release of his new documentary film Deep Web.

Posted on 16 April 2015 | 11:08 am

MIT Media Lab Announces Launch of MIT Digital Currency Initiative, Headed by Former White House Senior Adviser

A few days ago Bitcoin Magazine reported that Joi Ito, director of the prestigious Massachusetts Institute of Technology (MIT) Media Lab, was about to unveil a plan for the institute to become what he called an independent, neutral home to help with Bitcoin standards development. “I think within a couple of weeks we’ll be announcing something which will be a little bit more substantive,” said Ito. “And I’m not pushing it, but I’m offering MIT as a neutral academic home for some of the conversations and the technical coordination.” MIT has now formally announced the launch of a Digital Currency Initiative, to be directed by former White House senior adviser for mobile and data innovation Brian Forde, who joined the […]

The post MIT Media Lab Announces Launch of MIT Digital Currency Initiative, Headed by Former White House Senior Adviser appeared first on Bitcoin Magazine.

Posted on 16 April 2015 | 10:34 am

Newly Declared European Microstate Liberland Plans to Create Its Own Digital Currency

A group of Czech citizens has declared a new state, the Free Republic of Liberland, in a tiny 6-square-kilometer territory along the Danube River between Croatia and the Republic of Serbia. The Liberland territory is not claimed by either of these two states, which according to the group permits it to declare a new “microstate” in compliance with international law. After the Yugoslav Wars, some borderland territories have been disputed, but this area has remained unclaimed. Liberland was created entirely in accordance with international law because it is based on the no man’s land which was claimed neither by Serbia or Croatia in the process of demarcation, InSerbia News reports. On April 13, 2015 a Preparatory Committee declared the new […]

The post Newly Declared European Microstate Liberland Plans to Create Its Own Digital Currency appeared first on Bitcoin Magazine.

Posted on 16 April 2015 | 10:24 am

Industry Consolidation Continues: Brawker Closes Down

Bitcoin marketplace Brawker announced on Tuesday the company would be shutting down due to insufficient growth. The service was one of the first Bitcoin companies to decentralize their bitcoin buying service and integrate multi-signature bitcoin transactions. The announcement follows on the heels of Brawker’s former CEO, Cyril Houri’s, departure from the company earlier this month. The Bitcoin marketplace has been in control of the developers behind the company since. “[O]ur growth rate did not meet our expectations, and the service does not scale as we would have expected to,” read the company’s farewell blog post. Brawker is the most recent development in a string of prominent Bitcoin companies shutting down. Just last week, Buttercoin, a B2B bitcoin exchange operating in […]

The post Industry Consolidation Continues: Brawker Closes Down appeared first on Bitcoin Magazine.

Posted on 16 April 2015 | 10:16 am

SecondMarket's Bitcoin Desk Relaunches as Genesis Trading

The former digital currency trading division at SecondMarket has relaunched as the newest subsidiary of Digital Currency Group, Genesis Trading.

Posted on 16 April 2015 | 7:30 am

Former Yahoo Exec Appointed COO of Ripple Labs

Ripple Labs has appointed former Yahoo and AOL executive Brad Garlinghouse as its new COO. Garlinghouse, who sits on the board of Ancestry.com, became the CEO of file-sharing firm Hightail in 2012. He departed last fall following a dispute over a potential sale of the company, as reported at the time by Re/code. In a press statement about his new […]

Posted on 16 April 2015 | 6:00 am

Sunnyvale Job Fair this Weekend Offers New Job Prospects, New Startups and a BitHack

If you are interested in working in the growing field of digital currencies or you’re a financial technology startup looking for new talent, the Sunnyvale Job Fair at the Plug and Play Tech Centre is the place to be this weekend. This will be the fourth edition of the Bitcoin Job Fair, building on the success the event has had in Sunnyvale, New York, and Los Angeles. It’s all happening in the auditorium of the Plug and Play Tech Centre in Sunnyvale, California starting Thursday, April 16 and ending Saturday evening, April 18. A number of top Bitcoin startups including BitGo, BitPay, BlockCypher, ChangeTip, and ShapeShift will be there to connect with job seekers. Bitcoin Businesses step up to the plate Some of the […]

The post Sunnyvale Job Fair this Weekend Offers New Job Prospects, New Startups and a BitHack appeared first on Bitcoin Magazine.

Posted on 15 April 2015 | 3:26 pm

Former White House Advisor to Head MIT Digital Currency Initiative

MIT Media Lab has announced the launch of Digital Currency Initiative, a three-pronged program aimed at increasing awareness of the technology.

Posted on 15 April 2015 | 12:23 pm

BBVA Sponsors Upcoming Digital Currency Summit in Madrid

How do digital currencies work? What will be the impact for the global financial system? Are they an opportunity or a risk? On April 23, Madrid will host the second edition of the Digital Currency Summit, a meeting specially designed as a training and discussion forum with the participation of internationally recognized experts on finance. The first event was held in Andorra, a country with a strong tradition of financial businesses. The second will be in Spain, where bitcoin is gaining more attention on a national scale. The Spanish Bitcoin scene includes Calle Bitcoin in Madrid, as well as a growing network of ATMs and a promising group of businesses and entrepreneurs such as Coinffeine, the first company in the world […]

The post BBVA Sponsors Upcoming Digital Currency Summit in Madrid appeared first on Bitcoin Magazine.

Posted on 15 April 2015 | 11:17 am

Buttercoin CEO Reveals 'Tactical Mistake' that Led to Company Closure

Buttercoin CEO Cedric Dahl reflects on his leadership at the marketplace and lessons the wider community can learn from his fundraising experience.

Posted on 15 April 2015 | 10:27 am

Barry Silbert Shares Vision for Bitcoin Industry Professional Development

This a guest post by Barry Silbert; the views and opinions expressed are those of the author. The success of the Digital Currency Council (DCC) is exciting and timely for everyone involved in, and everyone who will become involved in, the digital currency economy. Similar standards-based professional organizations have been critical to the functioning of our traditional economy, and there is little doubt that the DCC will play an equally important role in the emerging digital currency economy. Historical Parallels The DCC Certification is similar to other certifications that assure clients that the professional has the expected level of competence. Such certifications enable the professional to differentiate him or herself from the crowd. Certifications allow us to hold professionals who are […]

The post Barry Silbert Shares Vision for Bitcoin Industry Professional Development appeared first on Bitcoin Magazine.

Posted on 15 April 2015 | 10:19 am

Bitcoin Marketplace Brawker to Shut Down

Bitcoin marketplace Brawker has announced that it will shut down citing competition and the increasing workload as the reasons behind the decision.

Posted on 14 April 2015 | 3:15 pm

Jed McCaleb Talks Stellar's New Protocol for Consensus

In a new interview, Stellar founder Jed McCaleb discusses the project's new consensus protocol and its plans for the developing world.

Posted on 14 April 2015 | 3:04 pm

New Tool Helps Victims Fight Bitcoin Ransomware

Kaspersky Lab has released a new tool to help free computer files 'held hostage' by bitcoin ransomware.

Posted on 14 April 2015 | 12:04 pm

Bitcoin Exchanges in Talks to Join Fight Against Child Pornography

The Internet Watch Foundation is working with bitcoin companies to prevent digital currency being used to buy online child sexual abuse imagery.

Posted on 14 April 2015 | 9:22 am

South Korea's First Multisig Bitcoin Wallet Launches

Coinone has become the first bitcoin exchange in South Korea to launch a multi-signature wallet, using BitGo's API. In a statement, Coinone CEO Myunghun Cha said it was time for exchanges to provide the "equal level of safety and control" as multi-sig wallet providers. He continued: "We decided that multi-sig technology from BitGo was the […]

Posted on 14 April 2015 | 5:25 am

Microsoft accepts Bitcoin

Posted on 11 December 2014 | 5:06 am

Mozilla accepting Bitcoin

Posted on 20 November 2014 | 1:55 pm

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

Expedia to accept Bitcoin payments for hotel bookings

Posted on 12 June 2014 | 12:41 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

April 18, 2015 -
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