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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

Double Spending Risk Remains After July 4th Bitcoin Fork - CoinDesk


CoinDesk

Double Spending Risk Remains After July 4th Bitcoin Fork
CoinDesk
In this case, BIP66 – a bitcoin soft fork designed to make the network less dependent on OpenSSL's signature parsing – stated that certain transaction blocks created without this update would be considered invalid once the majority – 950 out of 1,000 ...
Outdated Bitcoin mining software loses miners thousandsWe Live Security (blog)
Bitcoin glitch expected to abate as software upgrades continuePCWorld
Bitcoin miners create invalid currency after a botched upgradeEngadget
SiliconANGLE (blog) -newsBTC
all 30 news articles »

Posted on 6 July 2015 | 1:31 pm

Why it makes sense for Reddit to decentralize, a la bitcoin - Engadget


Engadget

Why it makes sense for Reddit to decentralize, a la bitcoin
Engadget
Imagine a version of Reddit that's fully peer-to-peer like BitTorrent, and which relies on small bitcoin transactions to function. That's something the company was actually considering last year, according to Ryan Charles, Reddit's former ...
Fred Wilson: The Next Reddit Will Likely Be Built on the Bitcoin BlockchainRe/code
Fred Wilson Says the Next Reddit Will Be Built on the Bitcoin BlockchainCoinTelegraph
Former Reddit Cryptocurrency Engineer: Decentralization is the FutureCryptoCoinsNews
Business Insider Australia
all 14 news articles »

Posted on 6 July 2015 | 11:31 am

The Greeks Vote NO, Setting Stage for Possible Parallel Currency and Eurozone Exit

Greek voters have issued a surprisingly loud and clear statement of support to Greek Prime Minister Alexis Tsipras, and defiance to European authorities and the International Monetary Fund. In the referendum celebrated Sunday, an overwhelming majority of more than 61 percent of Greeks, with an impressive 22 percent lead over the 39 percent of Greeks who voted yes, have said no to the bailout deal proposed by the country’s creditors. Opinion polls before the referendum showed the difference between the Yes and No camps as too close to call, and therefore the strong majority won by Tsipras comes as a shock to many observers. The European authorities should consider the results of the referendum a wake-up call – the Greeks […]

The post The Greeks Vote NO, Setting Stage for Possible Parallel Currency and Eurozone Exit appeared first on Bitcoin Magazine.

Posted on 6 July 2015 | 9:15 am

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Coinbase Positioned to Grow Bitcoin Presence in Australia after Investment by Westpac

Following the strategic investment of Westpac Banking Corporation’s venture capital firm Reinventure earlier this year, Coinbase co-founder Fred Ehrsam announced that the company has set its plans to a potential expansion to Australia, and is currently trying to educate the local regulators on the benefits of bitcoin. Coinbase’s Series C funding round, participated in by Westpac, raised $75 million USD in January 2015, from large financial organizations and venture capital firms including Spanish bank BBVA and Fortune 500 financial services group USAA. This deal marked the first investment of an Australian bank to a Bitcoin company. “We’re very excited to be working with such a great management team and look forward to helping them grow their business,” Simon Cant, co-founder […]

The post Coinbase Positioned to Grow Bitcoin Presence in Australia after Investment by Westpac appeared first on Bitcoin Magazine.

Posted on 6 July 2015 | 9:11 am

Spartan Route Offers Invoicing and Bitcoin Payment Service to Greek Businesses

Earlier this week, Greece became the first developed nation ever to default on the International Monetary Fund (IMF). Negotiations with the European Union (EU) and the IMF are stalling, and Greek voters on Sunday rejected new bailout terms. On Monday, Greece closed its banks and imposed capital controls to prevent financial chaos after the breakdown of bailout talks. Banks and ATMs are still working on a very limited basis, which makes things difficult for families and pensioners. For businesses and entrepreneurs who depend on cross-border sales and imported goods or services, the situation couldn’t be worse: They are unable to pay their suppliers abroad because cross-border bank wires are suspended, and the have only limited access to their sales income. […]

The post Spartan Route Offers Invoicing and Bitcoin Payment Service to Greek Businesses appeared first on Bitcoin Magazine.

Posted on 6 July 2015 | 9:03 am

The Blockchain Could Make Existing Securities Industry Players Redundant, Says BNP Paribas Analyst

Writing on Quintessence, the financial magazine of BNP Paribas, financial securities research analyst Johann Palychata analyzes the possible impact and future implications of the blockchain for securities markets. He believes that Bitcoin is really an innovation and a disruptive open-source technology for the financial world. “Its core is the first successful attempt for a secure and decentralized register,” says Palychata. “It should be considered as an invention like the steam or combustion engine. ” BNP Paribas, a French bank headquartered in Paris that was formed through the merger of Banque Nationale de Paris (BNP) and Paribas in 2000, is one of the largest banks in the world. Based on 2012 information BNP Paribas was ranked as the third-largest bank in […]

The post The Blockchain Could Make Existing Securities Industry Players Redundant, Says BNP Paribas Analyst appeared first on Bitcoin Magazine.

Posted on 6 July 2015 | 9:00 am

Bitcoin Enjoys Rally As Greek Crisis Deepens - Sky News


Bitcoin Enjoys Rally As Greek Crisis Deepens
Sky News
The price of Bitcoin stood at $223 on 8 June, but had increased 20% to $271 by Monday. The digital currency is not controlled by the central bank of any national government, and payment can be made directly to another person without using an ...

and more »

Posted on 6 July 2015 | 6:51 am

Bitcoin Price Analysis: The Running of the Bulls (Week of July 6) - CoinTelegraph


CoinTelegraph

Bitcoin Price Analysis: The Running of the Bulls (Week of July 6)
CoinTelegraph
The event has become internationally renowned because of the running of the bulls, where the bulls try to gore wanna-be matadors through the streets of the city's old quarter. Meanwhile, Bitcoin, too, is experiencing a bull run and as of this writing ...

Posted on 6 July 2015 | 4:32 am

Trustee Extends Online Deadline for Mt Gox Claimants

Customers affected by Mt Gox's insolvency have been given more time to file their online bankruptcy claims.

Posted on 6 July 2015 | 4:09 am

Bitcoin hits four-month high as Greece votes 'no' to eurozone bailout conditions - International Business Times UK


International Business Times UK

Bitcoin hits four-month high as Greece votes 'no' to eurozone bailout conditions
International Business Times UK
The price of bitcoin rose to a four-month high on Sunday 5 July, as news broke that Greece had voted against the terms of an international bailout. Bitcoin reached a peak of $273 (£175, €247) at around 6pm GMT on Sunday, according to the Coindesk ...
Bitcoin Price "No" Rally UnderwhelmingCryptoCoinsNews
Bitcoin price surges as Greece votes 'no'ITProPortal
Nick Szabo on How Bitcoin Could Help GreeceCoinTelegraph
newsBTC -Sputnik International -99 Bitcoins (blog)
all 19 news articles »

Posted on 6 July 2015 | 3:23 am

One of the world's biggest banks just admitted bitcoin could destroy existing ... - Business Insider


Business Insider

One of the world's biggest banks just admitted bitcoin could destroy existing ...
Business Insider
French bank BNP Paribas says the technology underpinning bitcoin has the potential to make existing companies "redundant," a huge admission from one of the world's biggest banks. Analyst Johann Palychata writes in the company's magazine ...
BNP Paribas: Bitcoin Could Make Financial Companies RedundantCryptoCoinsNews
BNP Paribas Analyst Says Bitcoin Could Change EverythingPayment Week
Major bank admits bitcoin could destroy banks, brokers & exchangesLifeboat Foundation (blog)
Bitcoin Magazine
all 8 news articles »

Posted on 6 July 2015 | 2:44 am

Crypto Collider Launches; Unique Bitcoin Physics Game - Inside Bitcoins


Inside Bitcoins

Crypto Collider Launches; Unique Bitcoin Physics Game
Inside Bitcoins
If there's one niche of Bitcoin that is growing, it is Bitcoin gambling. Bitcoin offers anyone and everyone a way to transfer funds quickly to an account for some entertainment. All at the user's discretion, this makes playing a game with Bitcoin a ...

and more »

Posted on 5 July 2015 | 5:15 pm

Forget Bitcoin — What Is the Blockchain and Why Should You Care? - Re/code


Re/code

Forget Bitcoin — What Is the Blockchain and Why Should You Care?
Re/code
This is the principle behind the blockchain, a powerful and widely misunderstood invention that could profoundly affect our relationship with the digital world. Most people are vaguely familiar with the blockchain as the technology underpinning bitcoin ...
Greece Is Slowly Cutting Itself Off From the Internet in Attempt to Save Its ...Mic
Blockchain and the distributed futurePulse

all 3 news articles »

Posted on 5 July 2015 | 5:01 pm

Review: Reveal App Channels SnapChat with a Crypto Edge

CoinDesk reviews Reveal, a new mobile social network with a built-in cryptocurrency that seeks to create an economy for attention.

Posted on 5 July 2015 | 5:00 am

Forget Gold, Bitcoin is Backed by Time

Travis Patron argues that bitcoin is an intrinsically valuable form of money because it is regulated through time-bound algorithms.

Posted on 4 July 2015 | 4:00 am

Bitstamp Enables Canada-based Customer Deposits

Customers in Canada will be now able to deposit Canadian dollars into their Bitstamp accounts following the exchange's partnership with Vogogo.

Posted on 3 July 2015 | 12:37 pm

Bitcoin in the Headlines: More Hot Air for Greece

As Greece gets to grips with its upcoming bailout referendum the media has taken its coverage of bitcoin to a whole new level.

Posted on 3 July 2015 | 11:05 am

Email Paywall System ‘Mailman' Wins Coinbase Hackathon

Mailman has won Coinbase's second hackathon, which gave away $70,000 worth of bitcoin in prizes.

Posted on 3 July 2015 | 4:03 am

How Ascribe Uses Bitcoin Tech to Help Underserved Artists

CoinDesk speaks with Ascribe CTO Trent McConaghy, who co-founded a startup behind a blockchain-powered IP ownership platform.

Posted on 2 July 2015 | 3:15 pm

The MoneyShow San Francisco – Where Informed Investors Discover Tomorrow’s Unique Growth & Income Investments Today!

Featuring 75+ top experts’ specific strategies and recommendations as well as in-depth classes on current hot sectors such as on REITs and cannabis investing SARASOTA, FL, June 25, 2015 – MoneyShow, the world’s leading producer of investment tradeshows and cruises, will host The MoneyShow San Francisco, July 16-18, 2015, at the Marriott Marquis San Francisco. http://yBitcoin.SanfranciscoMoneyShow.com   Admission is free and thousands of investors from more than ten countries are expected to attend, joining over 75 globally-renowned money managers, economists, financial newsletter editors, tech and biotech company CEOs, media personalities who will be speaking in person at the Show. Kicking off this event at our opening ceremonies will be author, economist, and technologist George Gilder, creator of ‘Telecosm’, who will […]

The post The MoneyShow San Francisco – Where Informed Investors Discover Tomorrow’s Unique Growth & Income Investments Today! appeared first on Bitcoin Magazine.

Posted on 2 July 2015 | 1:58 pm

KEYNOTE 2015: Rebooting Finance with a New Kind of Ledger

On August 3rd 2015, the FinTech conference Keynote2015 will be landing in Los Angeles to unpack distributed ledgers – the tech behind bitcoin – and enlighten participants as to how they can revolutionize the financial world with this radical new ledger. Geared for those that want to know not only how this new disruptive tech works, but how it can work for them, Keynote2015 offers a compact one-day agenda that boasts the biggest and brightest names in the industry, including Surash Ramamurthi, Yobie Benjamin, and Aaron Cooper from the DOJ. Keynote2015 will take place in the opulent surrounds of the Legendary Park Plaza Hotel in downtown Los Angeles. Representatives from businesses such as Paypal, Square, Twitter and Uber will be […]

The post KEYNOTE 2015: Rebooting Finance with a New Kind of Ledger appeared first on Bitcoin Magazine.

Posted on 2 July 2015 | 1:56 pm

Brazilian Congressman Calls for Hearing on Bitcoin Regulation

Brazilian Congressman Manoel Junior has proposed a public hearing to discuss the potential regulation of bitcoin and the blockchain.

Posted on 2 July 2015 | 12:16 pm

Weeks Before the eBay Split, PayPal Acquires Digital Payment Provider Xoom

Paypal announced on Wednesday that it was acquiring San Francisco-based Xoom, a company that facilitates the digital transfer of money internationally, Forbes reports. The all-cash deal values Xoom at $890 million, or $25 a share. “Expanding into international money transfer and remittances aligns with our strategic vision to democratize the movement and management of money,” said PayPal President Dan Schulman. “Acquiring Xoom allows PayPal to offer a broader range of services to our global customer base, increase customer engagement and enter an important and growing adjacent marketplace,” he said. “Xoom’s presence in 37 countries – in particular, Mexico, India, the Philippines, China and Brazil – will help us accelerate our expansion in these important markets.” Xoom is a digital money […]

The post Weeks Before the eBay Split, PayPal Acquires Digital Payment Provider Xoom appeared first on Bitcoin Magazine.

Posted on 2 July 2015 | 11:01 am

Former Silk Road DEA Agent Pleads Guilty to Bitcoin Theft

Former DEA agent Carl Mark Force IV has admitted stealing over $700,000 worth of bitcoin whilst running the Baltimore Silk Road investigation.

Posted on 2 July 2015 | 5:45 am

Coinfloor Launches Broker-Based UK Bitcoin Marketplace

London-based bitcoin exchange Coinfloor has announced the launch of a broker-based peer-to-peer marketplace.

Posted on 2 July 2015 | 4:43 am

Details of $5 Million Bitstamp Hack Revealed

Six employees of bitcoin exchange Bitstamp were targeted in a phishing attack leading up to the theft of roughly $5m in bitcoin, an unconfirmed report claims.

Posted on 1 July 2015 | 3:45 pm

Singapore Central Bank Funds Blockchain Recordkeeping Project

The Monetary Authority of Singapore has funded a blockchain-based recordkeeping system as part of a five-year $225m investment plan.

Posted on 1 July 2015 | 3:00 pm

Silicon Valley Bank: UK Should Regulate Digital Currency Firms

The UK government should regulate activity in the cryptocurrency space and help to create global legislation, according to Silicon Valley Bank.

Posted on 1 July 2015 | 10:42 am

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French Bitcoin Startups Back FinTech Trade Group

Bitcoin wallet hardware maker Ledger and bitcoin exchange Paymium are among the 36 fintech startups backing France FinTech, a new trade group.

Posted on 1 July 2015 | 6:31 am

Blythe Masters Joins Digital Currency Advocacy Group as Advisor

The Chamber of Digital Commerce, a digital currency advocacy group, has appointed former Wall Street executive Blythe Masters as an advisor.

Posted on 1 July 2015 | 4:30 am

Tibdit Raises £122,000 for Bitcoin Tipping Platform

Bitcoin micropayments startup Tibdit has raised £122,080 seed capital through a crowdfunding campaign.

Posted on 30 June 2015 | 9:35 am

Major Magazine Publisher to Accept Bitcoin Payments

Posted on 18 December 2014 | 12:43 pm

Microsoft accepts Bitcoin

Posted on 11 December 2014 | 5:06 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

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

Mt.Gox Statement

Posted on 3 March 2014 | 3:44 am

July 6, 2015 -
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