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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

Chap mines Bitcoin with PUNCH CARDS and ancient mainframe - The Register


The Register

Chap mines Bitcoin with PUNCH CARDS and ancient mainframe
The Register
Vintage hardware enthusiast Ken Shirriff has shown that a model 1401 mainframe, which IBM announced in 1959, can mine Bitcoin. If, that is, your definition of mining includes “chugging away at the problem until pretty close to the heat-death of the ...

Posted on 25 May 2015 | 4:05 pm

Canadian University Adds Bitcoin ATMs to Bookstore Locations

British Columbia's Simon Fraser University (SFU) announced today that its official campus bookstore would begin accepting bitcoin payments.

Posted on 25 May 2015 | 2:20 pm

BitGold Inc. Acquires GoldMoney.com for CAD $51.9 Million

Gold payment startup BitGold acquired the operations and intellectual property of the leading consumer gold storage company GoldMoney.com. The acquisition of the company will be in exchange for 1,169,794 common shares in BitGold, a public company trading on the Toronto Stock Exchange. GoldMoney, since its founding in 2001, has amassed 20,000 customers, 135,000 user sign ups and manages more than $1 billion in assets. In a BitGold press release, the startup said the acquisition will lower its operating cost and give them a ready-made vault storage operation for the company’s in-beta gold payment system. BitGold is currently developing and testing a payment service that will use blockchain technology to facilitate digital gold payments. As part of the acquisition, GoldMoney founder […]

The post BitGold Inc. Acquires GoldMoney.com for CAD $51.9 Million appeared first on Bitcoin Magazine.

Posted on 25 May 2015 | 1:55 pm

Bitcoin Might Be The Next Big Thing In The Remittance Market - TechCrunch


TechCrunch

Bitcoin Might Be The Next Big Thing In The Remittance Market
TechCrunch
Bitcoin's most disrupting feature is its decentralized architecture. Indeed, bitcoin relies on a P2P network of computers to proceed money transfers. Each part of the network works to create new bitcoins ('mining'), keep the network alive and validate ...
Bitcoin in AfricaCEX.IO Official Blog (blog)
5 African Bitcoin startups to watchDisrupt Africa

all 4 news articles »

Posted on 25 May 2015 | 1:01 pm

Is Goldman Sachs Flirting with Bitcoin or the Blockchain?

The New York Times technology and finance reporter Nathaniel Popper’s new book “Digital Gold: Bitcoin and the inside story of the misfits and millionaires trying to reinvent money” has been praised as one of the best Bitcoin books to date. Popper tells the story of Bitcoin from its geeky, libertarian early days to the beginnings of the current phase marked by significant venture capital investments and growing adoption by the financial community. Popper’s book contributes to the ongoing Bitcoin versus blockchain debate. Once a bitcoin-like crypto-currency is adopted by banks and governments, will it still be recognizable as bitcoin, or rather become a sanitized blockchain controlled by central banks, with all the troublesome features of bitcoin removed? “A company like Goldman […]

The post Is Goldman Sachs Flirting with Bitcoin or the Blockchain? appeared first on Bitcoin Magazine.

Posted on 25 May 2015 | 12:19 pm

NC considers regulating Bitcoin, virtual currencies - Asheville Citizen-Times


Asheville Citizen-Times

NC considers regulating Bitcoin, virtual currencies
Asheville Citizen-Times
RALEIGH – Legislators in America's second-largest banking center are considering regulations for Bitcoin and other virtual currencies. North Carolina's banking commissioner is seeking legislative authority to require that companies circulating digital ...
Bitcoin Regulations May Become LawWFDD
State officials take new look at regulating virtual moneyGreensboro News & Record

all 23 news articles »

Posted on 25 May 2015 | 9:27 am

Bitcoin Alternative DNotes Launches World’s First Digital Currency Employee Incentive Benefits Plan

Bitcoin Press Release: DNotes is pleased to announce the launch of the world’s first Digital Currency Employee Incentive Benefits Plan – the latest in a family of unprecedented digital currency financial instruments from the DNotes team. Chicago, Illinois. [May 25, 2015] – DNotes announces the release of their Employee Incentive Benefits Plan, the latest addition to their family of CRISPs (Cryptocurrency Investment Savings Plans) that already provides an investment vehicle for Children, Students, and Retirement funds. The Employee Incentive Benefits Plan combines knowledge of the employer/employee relationship with macro-economic foresight to maximize its users’ long-term potential benefit. Employee benefits play an important role in the lives of employees as well as their families. Benefits offered by an employer can be […]

The post Bitcoin Alternative DNotes Launches World’s First Digital Currency Employee Incentive Benefits Plan appeared first on Bitcoin Magazine.

Posted on 25 May 2015 | 9:11 am

MIT aims to give bitcoin research, development a stable home - BetaBoston


BetaBoston

MIT aims to give bitcoin research, development a stable home
BetaBoston
Bitcoin survived a wild youth marked by drug trafficking, money laundering, theft, bankruptcy, and political spats. Now, the digital currency is getting cleaned up and heading to grad school. A fledgling project at the Massachusetts Institute of ...
Penn State Scholar Predicts Altcoins Will Surpass BitcoinnewsBTC
Western Cape to get BitHubBizcommunity.com

all 6 news articles »

Posted on 25 May 2015 | 8:41 am

Bitcoin Price Analysis: Still Waiting on a Big Move … or Any Move (Week of ... - CoinTelegraph


CoinTelegraph

Bitcoin Price Analysis: Still Waiting on a Big Move … or Any Move (Week of ...
CoinTelegraph
The 1-year chart (long-term) for bitcoin remains bearish. The price remains below all 3 of its EMAs. The 50 day EMA is still proving to be a major resistance area at approximately ~US$238. Price has been rejecting higher levels for well over a month.

Posted on 25 May 2015 | 8:14 am

Payment Processor Payza's Bitcoin Transactions Rise 20% Per Month

Global online payment processor Payza has said its bitcoin transactions have been rising steadily by about 20% per month.

Posted on 25 May 2015 | 6:30 am

John Nash's Death Prompts Renewed Speculation over Bitcoin Creation - CoinTelegraph


CoinTelegraph

John Nash's Death Prompts Renewed Speculation over Bitcoin Creation
CoinTelegraph
The sudden death of John Nash, an icon of 20th century mathematics, has prompted speculation about his work on the concept of “money” and his possible role in the emergence of Bitcoin. The Nobel prizewinner and his wife were killed in a taxi crash in ...

Posted on 25 May 2015 | 4:51 am

Roger Ver and OKCoin at War Over Bitcoin.com Domain Name

Two of bitcoin's biggest names, Roger Ver and exchange OKCoin, are engaged in a dispute over the Bitcoin.com domain, amid accusations over contracts.

Posted on 25 May 2015 | 4:22 am

Book Review: Digital Gold is an Invaluable Page-Turner

A review of Nathaniel Popper's new book 'Digital Gold: Bitcoin and the inside story of the misfits and millionaires trying to reinvent money'.

Posted on 24 May 2015 | 8:23 am

CANADA’s First Fintech and Banking Innovation Conference is Coming to Vancouver

On June 3, 2015, Vancouver, British Columbia, will host “Digital Finance 2015,” Canada’s first fintech and banking innovation conference, at the Vancouver Club on West Hastings in the city’s trendy West End. Digital Finance 2015 will feature two keynote speakers: Peter Vander Auwera, co-founder of Innotribe innovation will talk about “Innovation in banking: from tactics to strategy.” Sam Maule, emerging payments expert with Carlisle & Gallagher, and one of the “top innovation influencers” will talk about “FinTech’s Disruptive Force in Banking.“ Other speakers include representatives from Canada’s Royal Canadian Mounted Police (RCMP), the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), Citi (New York), and Overstock (New York). White Paper on Women in Fintech will be released Organizer Christine Duhaime of the […]

The post CANADA’s First Fintech and Banking Innovation Conference is Coming to Vancouver appeared first on Bitcoin Magazine.

Posted on 23 May 2015 | 11:07 am

The Bitcoin Blocksize Blackjack Mining Blues - TechCrunch


TechCrunch

The Bitcoin Blocksize Blackjack Mining Blues
TechCrunch
Bitcoin: it's at a crucially important crossroads; it's approaching a crisis that threatens its very existence; it has never been more likely to erupt into enormous global importance. Which? Don't be ridiculous. It is all those things at once, of ...
Are Wall Street and The Banks Trying To Circumvent the Bitcoin Blockchain?Bitcoinist.net

all 4 news articles »

Posted on 23 May 2015 | 7:01 am

Will the New UK Government Create a Bitcoin Hub?

What might the new UK government's plans for bitcoin regulation look like and is it capable of creating a bitcoin hub?

Posted on 23 May 2015 | 5:00 am

Bitcoin in the Headlines: Nathaniel Popper Strikes Media Gold

This week, The New York Times, Wall Street Journal and Bloomberg all gave bitcoin the spotlight with lengthy reports and coverage.

Posted on 22 May 2015 | 5:06 pm

Bloomberg Special Report Highlights Current Trends and Issues in the Bitcoin Space

Bloomberg Brief has published a Special Report about Bitcoin. Written as an introduction for financial professionals and busy investors with little previous knowledge of Bitcoin, the report gives far too much space to marginal aspects such as price swings, scams and bankruptcies. However, while the depth of the analysis doesn’t match that of recent reports by Goldman Sachs and other top financial institutions, the Bloomberg report offers interesting insights and opinions that highlight current trends and issues in the Bitcoin space. Barry Silbert, founder and CEO of the Digital Currency Group and creator of the Bitcoin Investment Trust, the first Bitcoin investment vehicle publicly traded in the United States, focuses on the price of bitcoin and hopes it will increase. […]

The post Bloomberg Special Report Highlights Current Trends and Issues in the Bitcoin Space appeared first on Bitcoin Magazine.

Posted on 22 May 2015 | 11:04 am

Bitcoin-Based Investment Fund Added to IG

The first fund to offer bitcoin investment as part of a bespoke portfolio has launched on global derivatives trading platform IG.

Posted on 22 May 2015 | 10:40 am

Plug and Play Tech Center Hosts Retail and Fintech Expo for Startups

Bringing together more than 40 startup pitches on both the retail and fintech verticals at the consortium, the Plug and Play Tech Center Expo day included three keynotes from the founder of Plug and Play Tech Center Saeed Amidi, Managing Director of Citi Ventures Debra Brackeen and founder of the Lending Club Renaud Laplanche. Saeed Amidi started the day off with remarks summing up the mission of Plug and Play to bring together software for two industries and create a matchmaking haven where corporations could come to find solutions to their vexing technological problems, understand emerging markets and nurture and mentor the next generation of technological advancement. Debbie Brackeen was excited to describe Citi Ventures fund as a proving ground […]

The post Plug and Play Tech Center Hosts Retail and Fintech Expo for Startups appeared first on Bitcoin Magazine.

Posted on 22 May 2015 | 10:02 am

Bitfinex Warns Customers to Halt Deposits After Suspected Hack

UPDATE (22nd May, 17:2opm GMT): A representative from Bitfinex has indicated it has generated a new hot wallet on a "failsafe machine". It expects deposits and withdrawals will be live "soon", after the wallet has successfully synced. Popular bitcoin exchange Bitfinex today urged customers to halt deposits while it investigates a suspected hack. In a statement released this morning, […]

Posted on 22 May 2015 | 7:08 am

BitcoinTalk Server Compromised During Social Engineering Attack

Popular digital currency forum BitcoinTalk has been taken offline following a social engineering attack that resulted in a server compromise.

Posted on 22 May 2015 | 12:21 am

Consensus 2015: Digital Gold and Wences Casares in the Spotlight

Hernán Botbol of Argentina's Taringa! social network is joining the Consensus 2015 lineup, which includes Nathaniel Popper and Wences Casares.

Posted on 21 May 2015 | 1:50 pm

North Carolina House Seeks Oversight of Bitcoin Activities

A bill calling for specific regulation of digital currencies has been approved by the North Carolina House of Representatives.

Posted on 21 May 2015 | 12:01 pm

Seagate: Ripple Funding Shows We're Serious About Blockchain Tech

Following an investment in Ripple Labs, Seagate's senior vice president Dave Morton discusses why his firm is excited about blockchain technology.

Posted on 21 May 2015 | 3:38 am

Report: Lawsky to Consult on Digital Currencies After Leaving NYDFS

A new report suggests Benjamin M Lawsky will seek to advise clients on matters relating to digital currency when he leaves office in late June.

Posted on 20 May 2015 | 2:15 pm

Microsoft accepts Bitcoin

Posted on 11 December 2014 | 5:06 am

Mozilla accepting Bitcoin

Posted on 20 November 2014 | 1:55 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

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

Bitcoincharts and SSL

Posted on 4 March 2014 | 2:21 pm

An Analysis of the Ripple Labs FinCEN Enforcement Action

This is a guest post by Joe Ciccolo, DCC Member and CEO of BitAML. Background  The Ripple Labs settlement agreement, the first civil enforcement action brought against a digital currency exchange, demonstrates the perils of piecemeal AML compliance and delayed implementation. Last week, Ripple Labs, the popular payment system, currency exchange and remittance network, reached a settlement with FinCEN and the US DOJ in which it acknowledged AML compliance violations and agreed to fines in excess of $1.1 million. And that’s just the beginning. (More on the true financial and operational cost to Ripple Labs in a moment.) So what happened? And how can we learn from this enforcement action? Analysis When Ripple Labs began blazing its trail in the world […]

The post An Analysis of the Ripple Labs FinCEN Enforcement Action appeared first on Bitcoin Magazine.

Posted on 4 December 0001 | 5:00 pm

May 26, 2015 -
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