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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

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 ...

Posted on 23 May 2015 | 7:01 am

Will the New UK Government Create a Bitcoin Hub? - CoinDesk


Will the New UK Government Create a Bitcoin Hub?
CoinDesk
Last week in the United Kingdom, the Conservative Party was re-elected into power. This article explores what their plans to regulate bitcoin might look like and whether they are capable of creating a bitcoin hub in the UK. The last government unveiled ...

Posted on 23 May 2015 | 5:09 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

Bitcoin Regulation Remains on Agenda for California Agency

California's money transmitter regulator released conflicting statements today regarding how bitcoin regulation will move forward in the state.

Posted on 22 May 2015 | 2:13 pm

How the Crypto Community is Celebrating Bitcoin Pizza Day

CoinDesk has rounded up today's Bitcoin Pizza Day's celebrations from across the world.

Posted on 22 May 2015 | 11:09 am

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

Happy Bitcoin Pizza Day! - TechCrunch


TechCrunch

Happy Bitcoin Pizza Day!
TechCrunch
Every May 22 cyphernerds around the world celebrate Bitcoin Pizza Day, the day when early bitcoin enthusiast and programmer Laszlo Hanyecz offered 10,000 bitcoins – about $25 at that time – for two Papa John's pizzas (pictured above). In 2010 he posted ...
BitBeat: Bitcoin Celebrates Its Own Holiday, With PizzaWall Street Journal (blog)
Pizza A-Plenty On Bitcoin Pizza Day 5-Year AnniversaryCoinTelegraph

all 3 news articles »

Posted on 22 May 2015 | 9:54 am

5 Freelancers Who May Use Bitcoin-Powered Streamium to Cut Out Middlemen

The launch of Streamium was announced via Reddit yesterday. The new application from Manuel Aráoz and company was created to build a direct connection between video streamers and their viewers. Video streaming is dealt with on a peer-to-peer (P2P) basis via WebRTC, and payments for viewing a stream are made possible through the use of bitcoin and payment channels. A stream of small, off-chain payments are made to the broadcaster every second as the viewer continues to watch a stream, and all of those micropayments are then combined into one larger payment that is made via the bitcoin blockchain. The P2P nature of the Streamium platform has the potential to disrupt many different types of video streaming businesses currently found […]

The post 5 Freelancers Who May Use Bitcoin-Powered Streamium to Cut Out Middlemen appeared first on Bitcoin Magazine.

Posted on 22 May 2015 | 9:46 am

Payment Processor Unveils Bitcoin Startup at Plug and Play Expo - CoinDesk


CoinDesk

Payment Processor Unveils Bitcoin Startup at Plug and Play Expo
CoinDesk
Plug and Play Tech Center celebrated its inaugural batch of FinTech startups, including a new bitcoin exchange from payment processor Netopia, at an event in the heart of Silicon Valley yesterday. "The big doomsday we're seeing now is death by a ...

and more »

Posted on 22 May 2015 | 5:31 am

Payment Processor Unveils Bitcoin Startup at Plug and Play Expo

European payment processor Netopia mobilPay revealed its new bitcoin startup as part of Plug and Play's Retail & FinTech Expo yesterday.

Posted on 22 May 2015 | 5:27 am

Bloomberg Report Points Finger at Hoarders for Bitcoin's Low Price - CoinTelegraph


CoinTelegraph

Bloomberg Report Points Finger at Hoarders for Bitcoin's Low Price
CoinTelegraph
Bloomberg has released the latest edition in its Bloomberg Briefs series, in the form of a special report dealing solely with Bitcoin and its future. The series, which Bloomberg claims circulates to over 300 thousand subscribers, features opinion from ...
Bloomberg Special Report Highlights Current Trends and Issues in the Bitcoin ...Bitcoin Magazine

all 2 news articles »

Posted on 22 May 2015 | 3:57 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

Propose to your beloved with this bitcoin engagement ring - Engadget


Engadget

Propose to your beloved with this bitcoin engagement ring
Engadget
So, since the act is already about ostentatious displays of wealth, why not invest your money in something more useful than a big rock -- like bitcoin? That's the idea behind the bitcoin ring, a 3D-printed piece of jewelry with a QR code that lets ...
Nothing says everlasting love like a Bitcoin engagement ringMashable
Don't Spend Money on Diamonds - Propose with Bitcoin RingCoinspeaker

all 27 news articles »

Posted on 21 May 2015 | 7:05 pm

When Goldman Sachs Began Flirting with Bitcoin - American Banker


American Banker

When Goldman Sachs Began Flirting with Bitcoin
American Banker
Sitting next to Walker were Barry Silbert, Bitcoin's biggest advocate in the New York financial community, and Chris Larsen, the chief executive of a San Francisco-based cryptocurrency startup, Ripple Labs. Most men in the room were wearing ties, but ...

Posted on 21 May 2015 | 12:09 pm

New York Soon to Unveil Fresh Bitcoin Licensing Rules - Wall Street Journal


Wall Street Journal

New York Soon to Unveil Fresh Bitcoin Licensing Rules
Wall Street Journal
In one of his final moves as New York's top financial regulator, Benjamin M. Lawsky will soon unveil a set of new licensing rules that could have long-lasting effects on businesses using bitcoin and other virtual currencies. In doing so, bitcoin ...
Lawsky Defends New York BitLicense, Supports Both Consumer Protection and ...CryptoCoinsNews
Benjamin Lawsky to Issue Fresh Bitcoin Regulations before Stepping DownnewsBTC
Wall Street regulator to issue final bitcoin rulesThe Hill
Payment Week -Cato Institute (blog) -FINalternatives
all 21 news articles »

Posted on 21 May 2015 | 12:04 pm

Gem Partners with Elliptic for Insured Storage of the Third Key

Elliptic and Gem have announced a new partnership today that will involve Elliptic acting as a trusted and independent third party for the purposes of securely storing the third (backup) private key used on the Gem platform. In the past, multisig wallet users have been in control of their own backup private keys, but this new offering from Gem and Elliptic could offer a higher level of security for individuals who do not wish to take care of their own backup solutions. Up to this point, Elliptic has been an insured bitcoin storage provider for a variety of banks and exchanges who need to protect their private keys, so choosing them as the custodians of backup keys for multisig wallets […]

The post Gem Partners with Elliptic for Insured Storage of the Third Key appeared first on Bitcoin Magazine.

Posted on 21 May 2015 | 11:37 am

Bitcoin Core Developers Disagree on Proposed Block Size Increase to 20MB

With the current one-megabyte-per-block limit, the Bitcoin network can process only a few transactions per second, which could strongly limit the ability of the network to handle high transaction volumes if the adoption of bitcoin payments grows. Lead Bitcoin developer Gavin Andresen is persuaded that the best solution to the problem is to increase the maximum block size, and has developed code for a proposed Bitcoin hard fork that would allow any block with a timestamp on or after March 1, 2016 to be up to 20 megabytes. “I believe this is the simplest possible set of changes that will work,” Andresen says. In a post titled “Why increasing the max block size is urgent,” he argues that if the […]

The post Bitcoin Core Developers Disagree on Proposed Block Size Increase to 20MB appeared first on Bitcoin Magazine.

Posted on 21 May 2015 | 11:27 am

Bitcoin Firm Coinapult Opens to US Market

Coinapult will be tackling the US market following a services integration with Crypto Capital, a licensed money transmitter.

Posted on 21 May 2015 | 11:02 am

Mintsy Launches Cloud Mining Service with Cryptographic Proof-of-Hashrate

Mintsy recently announced a launch of its new cloud mining service as the first digital currency cloud mining company to use proof-of-reserves, accomplished through cryptographic proof-of-hashrate. Bitcoin Magazine sat down with Marshall Long, who is the CTO of Cryptsy, and more recently CTO and board member at Mintsy, to discuss what he says is unprecedented innovation in the realm of cloud mining. Mintsy provides users with malleable contracts, which assuages any worries on being locked into a contract they no longer need. Long says users are “able to sell their remaining contract time on the Mintsy marketplace where other folks may want a shorter contract and can bid on contracts that are up for sale by the user.” Mining the […]

The post Mintsy Launches Cloud Mining Service with Cryptographic Proof-of-Hashrate appeared first on Bitcoin Magazine.

Posted on 21 May 2015 | 10:26 am

Meet Ether, The Bitcoin&Like Cryptocurrency That Could Power The Internet Of ... - Fast Company


Fast Company

Meet Ether, The Bitcoin&Like Cryptocurrency That Could Power The Internet Of ...
Fast Company
At CES this past January, IBM researcher Veena Pureswaran described the company's joint plan with Samsung to get home appliances to exchange cryptocurrency with one another. The currency, called Ether, is similar to Bitcoin, except that the traded ...

Posted on 21 May 2015 | 4:03 am

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

Elliptic Strikes Multisig Key Custodian Deal With Gem

UK-based digital assets service provider Elliptic has partnered with Gem to offer a custodian service for the private keys of multisig wallets.

Posted on 21 May 2015 | 1:00 am

Internet Security Pioneer Unveils Project at Blockchain University

A project led by a pioneering developer of an e-commerce security protocol was among the standouts at Blockchain University's second demo day.

Posted on 20 May 2015 | 3:45 pm

New York's bitcoin cop Ben Lawsky steps down - Fortune


Fortune

New York's bitcoin cop Ben Lawsky steps down
Fortune
Benjamin Lawsky, superintendent of the New York State Department of Financial Services, speaks during a Bloomberg Television interview in New York, U.S., on Monday, Nov. 24, 2014. Photograph by Scott Eells — Bloomberg via Getty Images ...

and more »

Posted on 20 May 2015 | 2:54 pm

Thai Police Seek Answers in Alleged Digital Currency Ponzi Scheme

Police in Thailand have raided 13 rooms at a Bangkok apartment complex in connection with alleged digital currency ponzi scheme Ufun.

Posted on 20 May 2015 | 2:51 pm

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

Nxt: The Original Bitcoin 2.0 Platform With Smart Contracts, Decentralized Crowdfunding, Open Source and 18 Months of Development

Bitcoin Press Release: With over 18 months of development, The non-profit Nxt Foundation is pleased to announce many disruptive business and financial applications of Nxt’s blockchain technology: including trustless smart contracts, decentralized crowdfunding, a strong open source ethos and more. Nxt is different. While there are many players in the cryptocurrency 2.0 field, Nxt has several key elements that set it apart from the others. First and foremost, Nxt is a self-sufficient system. Many other projects depend on a blockchain implemented and maintained by an external party, usually Bitcoin. Nxt is a complete and self-contained system in itself. As any business owner knows, being dependent on a third party for an essential part of their business model introduces unnecessary risk. […]

The post Nxt: The Original Bitcoin 2.0 Platform With Smart Contracts, Decentralized Crowdfunding, Open Source and 18 Months of Development appeared first on Bitcoin Magazine.

Posted on 20 May 2015 | 1:52 pm

Citi: UK Government Should Create Own Digital Currency

Citi has told the UK government it should consider creating its own digital currency, a newly obtained document has revealed.

Posted on 20 May 2015 | 11:31 am

Blockchain Firm Denies 'Conflict of Interest' for Advisor Yanis Varoufakis

Tembusu Systems denies Greek finance minister Yanis Varoufakis' role as its advisor represents a "conflict of interest" for the politician.

Posted on 20 May 2015 | 4:40 am

Bitcoin Lending Platform Bitbond Raises €600,000 in Funding

Peer-to-peer bitcoin lending company Bitbond has closed a €600,000 angel investment round, raising its total funding to €800,000. The company, which launched in June 2013, received funds from its seed investor, Point Nine Capital and business angels, including Christian Vollmann, an early investor in ResearchGate. Radoslav Albrecht, founder and CEO at BitBond, said: "The additional resources will help us […]

Posted on 20 May 2015 | 3:09 am

Overstock Invests in Broker-Dealer Ahead of Decentralised Stock Market Launch

Overstock has purchased a stake in broker Pro Securities, on whose electronic system a new suggests its decentralized stock market has been built.

Posted on 19 May 2015 | 3:15 pm

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

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

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

May 23, 2015 -
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