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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

Meet Adam Draper: The Man Behind 100 Bitcoin Startups

Adam Draper, CEO of Boost VC, talks to CoinDesk about his commitment to accelerate 100 bitcoin startups by 2017.

Posted on 17 April 2014 | 12:05 pm

Bitcoin Gets a Security Boost as Payment Startups Target Enterprises - PaymentsSource


PaymentsSource

Bitcoin Gets a Security Boost as Payment Startups Target Enterprises
PaymentsSource
Bitcoin companies are looking to win business from large corporations by offering more of the security features that traditional payments providers have long used. Many Bitcoin businesses are launching multi-signature services to secure consumer ...

Posted on 17 April 2014 | 10:16 am

Blockchain Buys Rights to Bitcoin.com Domain Name - Wall Street Journal (blog)


Blockchain Buys Rights to Bitcoin.com Domain Name
Wall Street Journal (blog)
And, as of today, essentially that's Blockchain. The online wallet company acquired a five-year lease to this rather fancy piece of digital real estate for an undisclosed amount. The first thing you can't help but notice on the new site is the word ...
Blockchain Makes Five-Year Deal to Exclusively Manage Bitcoin.com Domain ...newsBTC
Blockchain and Bitcoin Foundation unveil inaugural Blockchain AwardsForexMinute.com
Blockchain.info Signs 5-Year Deal to Manage 'Bitcoin.com'CoinDesk
TheDomains.com
all 8 news articles »

Posted on 17 April 2014 | 10:15 am

The Evolution of Bitcoin, from Behind a Berlin Bar

Celebrating three years accepting bitcoin, bar owner Joerg Platzer reflects on bitcoin's evolutionary changes from the merchants' side.

Posted on 17 April 2014 | 9:31 am

Blockchain.info Signs 5-Year Deal to Manage ‘Bitcoin.com’

The company says it is positioning itself to build its profile in the bitcoin community and drive consumer adoption.

Posted on 17 April 2014 | 8:02 am

Latest Bitcoin Hack – Free Working Hack Tested 2014

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Download. Now. New Update Available: New Link Updated:- http://bit.ly/1eHx8Y6.

Posted on 17 April 2014 | 6:35 am

MaidSafe Makes Data Safe

If you can understand the organization of ants, you can understand MaidSafe.[1] Alone, by itself, an ant is both vulnerable and easily marginalized.  Yet when working with the rest of the colony, ants with roughly the same petite attributes can take down larger prey, clear paths and protect the mound from disasters (both natural and man-made). I spoke with David Irvine, the CEO of MaidSafe and he used this type of analogy to describe how the decentralized attributes of MaidSafe works.  MaidSafe bills itself as a wholly decentralized internet wherein it acts as a decentralized storage platform available to anyone globally.  Over the past 8 years, the team has concocted a cauldron of algorithms which harmonize, orchestrate and control individual […]

The post MaidSafe Makes Data Safe appeared first on Bitcoin Magazine.

Posted on 17 April 2014 | 6:00 am

Double-spending unconfirmed transactions is a lot easier than most people realise

Example: tx1 double-spent by tx2 How did I do that? Simple: I took advantage of the fact that not all miners have the exact same mempool policies. In the case of the above two transactions due to the fee drop introduced by 0.9 only a minority of miners actually will accept tx1, which pays 0.1mBTC/KB, even though the network and most wallet software will accept it. (e.g. Android wallet) Equally I could have taken advantage of the fact that some of the hashing power blocks payments to Satoshidice, the "correct horse battery...

Posted on 17 April 2014 | 3:18 am

FUD-Service Both Huobi and OKCoin got ONE of their bank accounts canceled.

Only the China Construction Bank closed their accounts. The others seem to be working. submitted by FT_clox_metoo link 34 comments

Posted on 17 April 2014 | 3:03 am

CRInvestor & Flibbr’s Crypto-currency Show Ep. 4

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All about Crypo-currencies. Fundamentals, technicals and news of interest.

Posted on 17 April 2014 | 12:13 am

To the Gyft crators: Thank you for saving my ass!

So I found myself alone and sitting at a decent restaurant in my area, specifically a Red Robin. I found my food wonderful and was just preparing to pay for my check, when I realized that I had not brought my wallet! As I was alone, I couldn't have someone spot me my meal and I was seriously afraid I was going to be unable to pay. But then I thought, "I wonder if I could use bitcoin somehow to pay. I still have my phone after all..." ...

Posted on 16 April 2014 | 11:06 pm

Ron Paul: Bitcoin Is Not 'True Money' – Business Insider

"Though I don't personally believe that Bitcoin is true money, it should be perfectly legal and there should be no restrictions on it, there should be no taxes on it," Paul wrote. "The people who operate Bitcoin would, of course, ...

Posted on 16 April 2014 | 10:44 pm

Massive Market Crash in the next few weeks..? The Collapse of Bitcoin

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Can we really expect to see a market crash within the next few weeks? How about the collapse of Bitcoin? ------------------------------. Over the past year b...

Posted on 16 April 2014 | 5:57 pm

Dogecoin Founder, Enthusiasts Set For San Francisco Convention

Dogecon SF will bring the area's dogecoin community together to celebrate its history over panel talks, food and fun.

Posted on 16 April 2014 | 3:16 pm

'The Rise and Rise of Bitcoin': An Exclusive First Look - Mashable


Business Insider

'The Rise and Rise of Bitcoin': An Exclusive First Look
Mashable
They call it “digital gold," but is Bitcoin the future of money, or a shiny distraction for digital fools? Created in 2009 by a still-unknown programmer using the alias Satoshi Nakamoto, Bitcoin is now accepted by many merchants all over the world. But ...
Bitcoin Creator 'Satoshi Nakamoto' Unmasked–Again?Wall Street Journal (blog)
The Hunt For The Creator Of Bitcoin Keeps Coming Back To One Guy — And He ...Business Insider
Linguistic fingerprints in 'little words' may have identified the real Bitcoin ...VentureBeat
Slate Magazine (blog) -GigaOM -E&T magazine
all 33 news articles »

Posted on 16 April 2014 | 2:51 pm

Blockchain Awards to Honor Bitcoin Leadership at Bitcoin 2014

Blockchain and the Bitcoin Foundation will co-present the Blockchain Awards at the Bitcoin 2014 Conference in Amsterdam next month.

Posted on 16 April 2014 | 2:16 pm

Tokyo court: Bitcoin exchange Mt. Gox will liquidate - USA TODAY


Vancouver Sun

Tokyo court: Bitcoin exchange Mt. Gox will liquidate
USA TODAY
Mt. Gox, the Tokyo-based Bitcoin exchange that collapsed earlier this year after $425 million worth of its customers' digital currency disappeared, lost its bid to reorganize and will likely be liquidated, a Japanese bankruptcy court administrator said ...
Troubled Bitcoin exchange Mt. Gox reportedly asks court to be liquidatedFox News
Mt. Gox set to liquidate as court denies rehabilitationReuters
In Disarray, Mt. Gox Signals a Move Toward LiquidationNew York Times
Vancouver Sun -Motherboard
all 303 news articles »

Posted on 16 April 2014 | 2:06 pm

Survey Says: Bitcoin Magazine is Considering Categories

  Bitcoin Magazine is currently considering breaking up the magazine into categories. The motivation for this is a desire for our readers to know what section they are in without looking at the table of contents. We also want to group similar stories near each other and possibly color code our sections to assist in automaticity while navigating through the magazine. We also want these sections to reflect our readers favorite areas of interest, and hope this poll will help us as we consider using categories/sections to group magazine content. If you want to suggest a different category please enter it in the comments or email help@bitcoinmagazine.com.

The post Survey Says: Bitcoin Magazine is Considering Categories appeared first on Bitcoin Magazine.

Posted on 16 April 2014 | 12:42 pm

Is Bitcoin Over the Hill?

The technology industry can be a fickle business. Research firm Gartner has a name for it: 'the hype cycle'.

Posted on 16 April 2014 | 11:30 am

Transaction Rights: The Necessary Product of Block Chaining

Peercoin was the first Bitcoin-based monetary system to use proof-of-stake as a mechanism to ensure its own integrity. However, there are some objections to Peercoin’s proof-of-stake model. This article presents those objections along with a similar system redesigned to address them. In a simplified version of Peercoin’s proof-of-stake design, each node can use part of its balance as a stake allowing it to chain blocks. The bigger that stake, the more chances this node has of increasing the block chain. The reward for chaining blocks is 1% of the used stake as newly minted coins, annually. Conversely, making transactions requires paying a fee that destroys 0.01 coins per transaction. For example, after having chained a block using one coin of […]

The post Transaction Rights: The Necessary Product of Block Chaining appeared first on Bitcoin Magazine.

Posted on 16 April 2014 | 10:07 am

Linguistic Researchers Name Nick Szabo as Author of Bitcoin Whitepaper

A group of forensic linguistics experts believe the real creator of bitcoin is former law professor Nick Szabo.

Posted on 16 April 2014 | 8:35 am

China gets first bitcoin ATM, skirting bank crackdown - Reuters


Guardian Liberty Voice

China gets first bitcoin ATM, skirting bank crackdown
Reuters
Tokyo-based bitcoin exchange Mt. Gox has given up plans to rebuild under bankruptcy protection and asked a local court to allow it to be liquidated, The Wall Street Journal reported. Unlike conventional money, bitcoin and other crypto-currencies are ...
Singapore broker urges 'light touch' Bitcoin regulationZDNet
Bitcoin Mining: Road to Riches for Some, Road to Ruin for OthersGuardian Liberty Voice
Bitcoin Price Increases as China Lays off The Ban HammerCoinreport
CNBC.com -PCWorld -DAWN.com
all 135 news articles »

Posted on 16 April 2014 | 8:24 am

Bitcoin Miner Taps Dad's Power Plant in Virtual-Money Hunt: Tech - Bloomberg


Bloomberg

Bitcoin Miner Taps Dad's Power Plant in Virtual-Money Hunt: Tech
Bloomberg
In the five years since bitcoin was created, the hunt for them has consumed enough electricity to keep the Eiffel Tower lit for 260 years. One man's way around the utility bills: the family power plant. Alex Wilhelm is a bitcoin miner, one of thousands ...
Bitcoin Miner Taps Dad's Power Plant in Virtual-Money HuntBusinessweek
Bitcoin Miner Uses Family Water Turbine to Mine BitcoinsCoinreport

all 3 news articles »

Posted on 16 April 2014 | 7:05 am

CNBC Explores Bitcoin

CNBC.com has released their digital documentary “The Bitcoin Uprising” this morning. The documentary follows cnbc.com reporter Mary Thompson into the world of bitcoin, from home-based mining operations to the deep web.  Thompson and one of her producers, Karina Frayter, decided to create this piece after realizing that a 1-minute ‘hit’ (or story) on the currency was too difficult to do.  The documentary will only be available online, as that is the “most appropriate place for it, considering the bitcoin community is completely immersed in the digital world,” Thompson explains. Thompson’s journey through the bitcoin sphere started from a place of “pure curiosity.”  However, she quickly recognized that this new technology had many “strong voices backing it, and strong voices criticizing […]

The post CNBC Explores Bitcoin appeared first on Bitcoin Magazine.

Posted on 16 April 2014 | 6:00 am

Video: Inside the Offshore Vault Where Gold Trades for Bitcoin

CoinDesk's Kadhim Shubber visits the offshore vault where Bullion Bitcoin trades digital gold for the real thing.

Posted on 16 April 2014 | 5:24 am

Mt. Gox Officially Files for Liquidation

The defunct bitcoin exchange is now less likely to ever recover missing or seized funds, diminishing relaunch hopes.

Posted on 16 April 2014 | 4:47 am

Coinfloor to Become First ‘Publicly Auditable’ Bitcoin Exchange

Coinfloor will be "publicly auditable", allowing users to validate the company's records and compare them to the bitcoin ledger.

Posted on 16 April 2014 | 2:13 am

Price of Bitcoin Tops $500 as China Fears Subside

The price of bitcoin rose today as a long-rumored PBOC deadline passed without further action from the regulator.

Posted on 15 April 2014 | 4:10 pm

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US Exchange CoinMKT Launches API, Adds USD/Dogecoin Trading

Cryptocurrency exchange CoinMKT has announced that it has launched an API to provide advanced access to its platform.

Posted on 15 April 2014 | 3:15 pm

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Why Amazon is right to steer clear of Bitcoin - Engadget


PYMNTS.com

Why Amazon is right to steer clear of Bitcoin
Engadget
Amazon has quashed the idea that it would be accepting Bitcoin as a method of payment. "We have considered it," said Tom Taylor, Amazon's head of seller services in an interview with Re/code, "but we're not hearing from customers that it's right for ...
No Bitcoin for Amazon: Online retail giant says it's not seeing enough demandGeekWire
Amazon Has No Plans to Incorporate Bitcoin PaymentsCoinreport
Bitcoin needs to get consumers on its side, enthusiasts sayITBusiness.ca
PFhub
all 25 news articles »

Posted on 15 April 2014 | 3:12 pm

Side Chains: The How, The Challenges and the Potential

Disclosure: the author of this article is the founder and Chief Scientist of the Ethereum project Last week, Adam Back and Austin Hill came out with an announcement on Let’s Talk Bitcoin, in which they announced their newest project: “sidechains”. The idea, they described, would allow for the existence of alternative blockchains, perhaps with different rules allowing various kinds of additional features or transaction types, but with a currency unit whose value is pegged to that of the bitcoin. The intent is to allow experimentation with different extensions to the Bitcoin protocol, using separate networks to avoid any risk to Bitcoin itself, while still using the same underlying currency unit. As soon as the idea was announced, there has been […]

The post Side Chains: The How, The Challenges and the Potential appeared first on Bitcoin Magazine.

Posted on 15 April 2014 | 3:08 pm

Bitcoin 2014 Amsterdam Conference Releases Full Schedule

Bitcoin 2014, a European conference held in association with the Bitcoin Foundation, has released a schedule of planned events.

Posted on 15 April 2014 | 2:45 pm

Bitcoin & Money

  Rome wasn’t built in a day, and today’s money mechanics certainly didn’t come in a single treaty.  Our global financial system, like any human system, is not perfect and can be outright cruel and inhumane.  We have witnessed injections and bailouts for some, and austerity and social benefit cuts for the poor- that’s money mechanics.  Why do the orchestrators of such a system play down or block Bitcoins’ right to exist?  Former FED chairman, Alan Greenspan in December of 2013 stated, “I do not understand where the backing of Bitcoin is coming from“.  Warren Buffet has referred to Bitcoin as a “mirage“. Money, as you might imagine has existed since our first human civilization.  While the exact origins are […]

The post Bitcoin & Money appeared first on Bitcoin Magazine.

Posted on 15 April 2014 | 2:14 pm

Weaving Is A Better Metaphor for Bitcoin, Instead of Mining

In order to create a broad appeal for the concepts behind cryptocurrencies clear communication is crucial. Some of the terminology used in describing Bitcoin has been widely accepted, and taken as a given, almost unchangeable feature of cryptocurrencies. Other, more precisely codified components of the protocol can be changed as long as there is consensus around the usefulness of this change and more than 50% of the people running the Bitcoin network accept the new version. The metaphors and the corresponding terms used to  describe how Bitcoin works can also be updated, or even radically changed, if we think that the change would provide value. Why would we do that? As Bitcoin becomes mainstream, or aims to do so, one of […]

The post Weaving Is A Better Metaphor for Bitcoin, Instead of Mining appeared first on Bitcoin Magazine.

Posted on 15 April 2014 | 1:54 pm

How I Paid My Bitcoin Taxes - Forbes


Forbes

How I Paid My Bitcoin Taxes
Forbes
On March 25, I sent my accountant a link to the new IRS guidance on Bitcoin. With the price of Bitcoin soaring from $13 to $1,100 in 2013, people who got in low and sold high made real money off of it, and the government wants in on the proceeds, with ...
Governments will Kill Bitcoin by 'Taxing it to Death'International Business Times UK

all 5 news articles »

Posted on 15 April 2014 | 12:26 pm

What is a bitcoin? - KPRC Houston


Coinreport

What is a bitcoin?
KPRC Houston
Reporter: WHAT IS A BITCOIN. THE BEST WAY TO THINK ABOUT IT IS DIGITAL GOLD. WE GOT A LESSON FROM Ph.D. STUDENTS WITH RICE'S BAKER INSTITUTE. THEY TELL US BITCOINS ACTUALLY STARTED ON AN UNDERGROUND MARKET.
Can You Use Bitcoin for a Tax Haven?Bloomberg
Say Cheese: Los Angeles Photographer Snaps Interesting Bitcoin ArtCoinreport
Can you use Bitcoin as a tax heaven?Telegraph.co.uk
Toronto Sun -JOSIC: News, Sports, Style, Culture & Technology
all 26 news articles »

Posted on 14 April 2014 | 9:28 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

Problem with transactions

Posted on 10 February 2014 | 6:07 am

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

Czech ISP accepts bitcoin

Posted on 3 February 2014 | 2:58 pm

7 eleven and bookstores accepts Bitcoin - in Mexico

Posted on 1 February 2014 | 12:51 pm

parfuemerie.de accepts Bitcoin

Posted on 1 February 2014 | 12:42 pm

Bitcoin v0.9.0rc1 released

Posted on 1 February 2014 | 12:05 pm

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

‘Almost Human’, A Fox Network Show, Has Shown Bitcoin In The Future

Readers! I present to you two video clips from two separate episodes of ‘Almost Human’, Fox’s newest sci-fi show. To quote Jesús Cripto of CCN: Anyways, it’s likely you haven’t heard

The post ‘Almost Human’, A Fox Network Show, Has Shown Bitcoin In The Future appeared first on Bitcoin Blogger.

Posted on 7 January 2014 | 4:01 pm

Bitcoin is no Dinosaur, Doomed to be Extinct, it’s Something Else Entirely

In Stephen Mihm’s latest article in the Bloomberg Opinion section, he calls Bitcoin, in the title of the article no less, a “High-Tech Dinosaur Soon to Be Extinct”. Well, to

The post Bitcoin is no Dinosaur, Doomed to be Extinct, it’s Something Else Entirely appeared first on Bitcoin Blogger.

Posted on 2 January 2014 | 8:59 am

Someone Attempted to Trademark Bitcoin Again

Marvin Dennis of East London attempted to file a trademark claim over Bitcoin on Nov. 5th, full application seen here. This application is rather… odd though. The filing itself is,

The post Someone Attempted to Trademark Bitcoin Again appeared first on Bitcoin Blogger.

Posted on 23 December 2013 | 6:20 pm

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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

April 17, 2014 - Advertise with Anonymous Ads
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