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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

Bitcoin Faucets, Explained in Detail - newsBTC


newsBTC

Bitcoin Faucets, Explained in Detail
newsBTC
Where can I get free bitcoin? It is a common question asked by newbies to bitcoin. The answer is bitcoin faucets, you will not get much out of it, but it is free nevertheless. Bitcoin faucets, as the name suggests are like dripping faucets (taps)… but ...

Posted on 29 March 2015 | 5:10 am

Bitcoin for International Petroleum Trade? - newsBTC


newsBTC

Bitcoin for International Petroleum Trade?
newsBTC
Bitcoin has received mixed response from governments across the world. Some of them have accepted it and have gone a step further by accommodating them in existing and new regulations while few nations have declared bitcoin illegal and banned them ...
Can Bitcoin Exchange Risk Lead to Bitcoin Regulation?CryptoCoinsNews
Bitcoin Investment Trust Will Officially Start Trading Next WeekCoinspeaker

all 3 news articles »

Posted on 29 March 2015 | 1:02 am

Houston Bitcoin Embassy Opens - Bitcoin Magazine


ForexMinute.com

Houston Bitcoin Embassy Opens
Bitcoin Magazine
Luckily there's a new space in Houston, Texas, built just for that, provided by Cryptospaces, which is backed by bitcoin consulting company, FinalHash. Located at 6907 Almeda Rd., the Houston Bitcoin Embassy is an incubator/ coworking space dedicated ...
Houston Gets the Bitcoin Embassy; the event will have Great RamificationsForexMinute.com

all 2 news articles »

Posted on 28 March 2015 | 3:24 pm

Houston Bitcoin Embassy Opens

Houston, we have a problem. We need more cutting edge tech entrepreneurs. Luckily there’s a new space in Houston, Texas, built just for that, provided by Cryptospaces, which is backed by bitcoin consulting company, FinalHash. Located at 6907 Almeda Rd., the Houston Bitcoin Embassy is an incubator/ coworking space dedicated to tech startups. There are also plans to install a bitcoin ATM in the facility by the end of April. The Embassy is home to the Texas Coinitiative, a non-profit organization that promotes the use of Bitcoin in Texas. The Coinitiative mission statement reads: “We believe that our growing community will help to shape progress in this field. Come network with traders, entrepreneurs and innovators working in one of the […]

The post Houston Bitcoin Embassy Opens appeared first on Bitcoin Magazine.

Posted on 28 March 2015 | 3:22 pm

Bitcoin Trading Into Advance Or Correction? - CryptoCoinsNews


CryptoCoinsNews

Bitcoin Trading Into Advance Or Correction?
CryptoCoinsNews
Bitcoin trading has advanced price into a higher zone of a Fib speed resistance fan. Price is once again closer to 1580 CNY and $260 but will the market sustain these levels or opt for decline? This analysis is provided by xbt.social with a 3 hour delay.

Posted on 28 March 2015 | 12:55 pm

Fred Wilson on the Proposed Bitlicense Regulations

VC Fred Wilson shares his thoughts on New York State's revised Bitlicense regulations and the impact they may have on companies in the sector.

Posted on 28 March 2015 | 8:00 am

Why You Need to Love Bitcoin to Love the Blockchain - CoinTelegraph


CoinTelegraph

Why You Need to Love Bitcoin to Love the Blockchain
CoinTelegraph
Most people following developments in Bitcoin are familiar with the often repeated mantra proclaiming the blockchain an innovative technological breakthrough, but Bitcoin an unnecessary and superfluous addition.
All About: The Blockchain Part OneBitcoinist.net
4 ways Blockchain technology will change the worldVentureBeat

all 4 news articles »

Posted on 28 March 2015 | 7:17 am

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Secret Service Agent: Digital Currencies Fueling Cybercrime

A special agent with the US Secret Service spoke out against bitcoin this week, arguing its primary use case is in illicit transactions.

Posted on 27 March 2015 | 4:15 pm

Spare Change-to-Bitcoin Service Lawnmower Aims for Main Street Investor Appeal

Lawnmower has opened its spare change-to-bitcoin service in beta, in what it hopes will be a product that successfully entices novice investors.

Posted on 27 March 2015 | 3:51 pm

BitLicense Comment Period Closes; Fred Wilson, Coinbase, Coin Center Weigh In

The 30-day period for public comments on the latest draft of New York’s BitLicense proposal comes to a close today, March 27th. While the original comment period did result in tremendous developments to the proposal, many in the bitcoin intustry felt that there were still many onerous components that inhibit the development of new companies. Fred Wilson, founding partner at Union Square Ventures, said on his blog that startups should have to follow all the rules and laws of the land. “However, the arrival of new technologies should always be seen as an opportunity to review and update our laws and regulations in accordance with the benefits and challenges brought by these new technologies.” http://avc.com/2015/03/comments-on-the-proposed-bitlicense-regulations/ But Wilson argued that the revision […]

The post BitLicense Comment Period Closes; Fred Wilson, Coinbase, Coin Center Weigh In appeared first on Bitcoin Magazine.

Posted on 27 March 2015 | 3:23 pm

N.J. school district's 'bitcoin hostage" problem caused by weak passwords ... - NJ.com


NJ.com

N.J. school district's 'bitcoin hostage" problem caused by weak passwords ...
NJ.com
The computer network "hostage situation" at Swedesboro-Woolwich School district was caused by firewall insecurities and weak passwords at one of the district's vendors, according to the Educational Information Resource Center. The district regained ...

Posted on 27 March 2015 | 3:04 pm

British Banking Association: Bitcoin is a Real Threat to Banks - CoinDesk


British Banking Association: Bitcoin is a Real Threat to Banks
CoinDesk
"Bitcoin users can handle many of their daily payments needs themselves, without the need for interaction with banks, and avoiding the need to incur bank fees. In the same way, value stored in PayPal accounts moves outside of the bank's payment systems ...

Posted on 27 March 2015 | 1:16 pm

Bitcoin in the Headlines: Wall Street Goes 'Nuts'

This week media coverage galvanized around positive stories reflecting the increasing interest of Wall Street in bitcoin technology.

Posted on 27 March 2015 | 1:05 pm

Bitrefill and Celery Make Bitcoin Remittances Easy: A Conversation With CEO Sergej Kotliar

Bitcoin airtime merchant, Bitrefill, has partnered with New York-based Bitcoin exchange Celery to enable bitcoin remittances of phone minutes to more than 100 countries – without the sender ever having to touch the digital currency. “The integration uses all of the benefits of Bitcoin but hides the complexities from the user, just uses Bitcoin as settlement rails,” said Celery CEO IIya Subkhankulov. The process does not require a user to buy bitcoin or handle the digital currency. Airtime purchases made from Celery’s exchange take the money straight from the person’s bank account, similar to the process of buying bitcoin. In addition, Bitrefill is eliminating fees for airtime remittances to India. The U.S.-India corridor contributes largely to the $70 billion worth […]

The post Bitrefill and Celery Make Bitcoin Remittances Easy: A Conversation With CEO Sergej Kotliar appeared first on Bitcoin Magazine.

Posted on 27 March 2015 | 11:19 am

Bitcoin's Blockchain Offers Safe Haven For Malware And Child Abuse, Warns ... - Forbes


Forbes

Bitcoin's Blockchain Offers Safe Haven For Malware And Child Abuse, Warns ...
Forbes
The blockchain, the public ledger of all Bitcoin transactions, has all kinds of good uses outside of providing stability for the world's most popular cryptocurrency, from decentralised data storage to super-flexible email. But it can also be put to ...

and more »

Posted on 27 March 2015 | 10:35 am

The Bitcoin Investment Trust (BIT) Goes Live with Ticker GBTC

A few weeks ago Bitcoin Magazine reported that the Bitcoin Investment Trust (BIT) was about to become the first publicly traded Bitcoin fund. On Thursday, the BIT received formal approval for listing on the OTC Markets Group’s OTCQX exchange. The fund is listed with the symbol GBTC, and trading is expected to begin early next week. Barry Silbert announced on Twitter that the BIT fund is live and waiting for eligible shareholders to deposit their shares and sell. The BIT is the first product from Silbert’s new Grayscale Investments, a digital-asset management firm being launched concurrently by his Digital Currency Group. The Wall Street Journal notes that the BIT is the latest addition to the growing number of bitcoin trading […]

The post The Bitcoin Investment Trust (BIT) Goes Live with Ticker GBTC appeared first on Bitcoin Magazine.

Posted on 27 March 2015 | 9:29 am

British Banking Association: Bitcoin is a Real Threat to Banks

As cryptocurrencies grow in popularity, they will continue to threaten revenue streams of the traditional banking system, according to a new report from the British Banking Association (BBA). A section of The Digital Disruption: UK Banking Report looks specifically at cryptocurrencies and the impact they have already had, and will continue to have, on people's […]

Posted on 27 March 2015 | 7:47 am

Why a New SEC Ruling Could Be 'Revolutionary' for Bitcoin Crowdfunding

Attorney Jared Marx explores a recent SEC decision on crowdfunding - and the implications for startups.

Posted on 26 March 2015 | 3:18 pm

Bitcoin Investment Trust Sponsor Launches Ahead of Market Debut

Grayscale director Michael Sonnenshein discusses the launch of the newest among a group of companies in Barry Silbert's Digital Currency Group.

Posted on 26 March 2015 | 2:20 pm

Swedish Bitcoin Firm Enters Court Battle to Protect Customer Data

A Swedish bitcoin brokerage has gone to court with the country’s tax authority to prevent an audit of its customer information.

Posted on 26 March 2015 | 12:20 pm

Neteller Adds Bitcoin Funding to Prepaid Mastercards

In a surprise move, e-wallet provider and payment processor Neteller quietly started to accept bitcoin deposits at zero fees. Neteller customers will now be able to top up their accounts by exchanging Bitcoin into one of the currencies offered by Neteller. Neteller, owned and operated by publicly traded British global payments company Optimal Payments PLC, is used by millions of consumers in more than 200 countries and especially popular in the foreign exhange and online gambling sectors. This announcement follows the entering into of an agreement between Optimal Payments and Bitcoin payment processor BitPay. “We recognize the important role that cryptocurrencies play in the future of payments,” said Optimal Payments President and CEO Joel Leonoff, “and we look forward to […]

The post Neteller Adds Bitcoin Funding to Prepaid Mastercards appeared first on Bitcoin Magazine.

Posted on 26 March 2015 | 11:15 am

Designers Compete to Create Global Cryptocurrency Brand

Many people know the symbol of Bitcoin. Many people might know the symbol of Litecoin. Even fewer know the symbol of a Dogecoin. There are hundreds of cryptocurrencies that have been developed, but what’s the symbol for “cryptocurrency?” Brand Me Crypto, a design contest sponsored by Vogogo and Cryptsy, is hoping that one concise brand can be created that will epitomize the true brand of cryptocurrency. “I found myself and our designers struggling to visually articulate cryptocurrency as a whole without inundating our designs with 5+ more coins just to communicate the overarching cryptocurrency conversation and message,” said Chantel Meeley, head of marketing and creative at Vogogo. But it wasn’t as simple as just hiring a design firm to come […]

The post Designers Compete to Create Global Cryptocurrency Brand appeared first on Bitcoin Magazine.

Posted on 26 March 2015 | 10:42 am

Could the Bitcoin Lightning Network Solve Blockchain Scalability?

Could a decentralised system where off-blockchain bitcoin transactions are sent over a network of micropayment channels solve blockchain scalability?

Posted on 26 March 2015 | 10:16 am

Isle of Man Introduces Regulation for Bitcoin Businesses

Digital currency businesses will have to comply with the Isle of Man's anti-money-laundering laws from 1st April.

Posted on 26 March 2015 | 7:57 am

Libra Launches Enterprise Tax Solution; Partners with Bitpay

Staying on the right side of the taxman just got a bit easier for businesses dealing with bitcoin and other digital currencies. On Tuesday, Libra, makers of LibraTax accounting service, introduced two new products in their suite of tax-reporting services. They also announced a new partnership with Bitpay, the world’s largest bitcoin payment processor, designed to help merchants stay on top of their bitcoin-related payment transactions. Libra Business and Libra Pro LibraTax has been offering tax-reporting solutions and helping to educate accountants and tax professionals with digital currencies since early in 2014. With the addition of Libra Business and Libra Pro, both businesses and tax professionals alike can keep track of all their digital currency transactions. With regulatory bodies in […]

The post Libra Launches Enterprise Tax Solution; Partners with Bitpay appeared first on Bitcoin Magazine.

Posted on 25 March 2015 | 3:33 pm

Sberbank-Backed FinTech Investment Fund Sees Blockchain Potential

SBT Venture Capital partner Mircea Mihaescu has suggested that the blockchain could replace the current banking system.

Posted on 25 March 2015 | 1:20 pm

First Plug-in Node Aims to Boost Bitcoin's Network Security

Bitseed has launched the first plug-in bitcoin node to encourage users to contribute to the bitcoin network, hassle-free.

Posted on 25 March 2015 | 10:36 am

BTCS Enters Mining Sector in a Market-Share Grab

At a time when many other bitcoin miners are shutting down because they can’t afford to continue operating based on current prices, Bitcoin Shop, rebranded as Blockchain Technology Consumer Solutions (BTCS), is moving aggressively into the mining sector in an attempt to take a large chunk of market share. “People are leaving the mining business because it is a sucker’s game,” said Charles Allen, CEO of BTCS, in an interview with Bitcoin Magazine. “But the only way to make money in the next 1-2 years is with mining.” The company is putting its money where its mouth is. It signed a partnership with Spondoolies Tech, a provider of mining hardware, to acquire a significant amount of mining equipment. Spondoolies became […]

The post BTCS Enters Mining Sector in a Market-Share Grab appeared first on Bitcoin Magazine.

Posted on 25 March 2015 | 8:11 am

Coinkite Tor Release Lets Developers Bypass Bitcoin Bans

Bitcoin wallet and technology provider Coinkite has announced Bitkit, its bitcoin wallet API, is now available on Tor.

Posted on 25 March 2015 | 7:58 am

US School District Paralyzed By 500 BTC Ransomware Attack

A bitcoin ransomware attack on a New Jersey school district has grown into a investigation involving multiple federal agencies.

Posted on 24 March 2015 | 4:31 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

PayPal and Virtual Currency

Posted on 23 September 2014 | 9:52 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 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

March 29, 2015 -
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