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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 heist: Japanese police preparing to charge Mark Karpeles over Mt. Gox ... - SiliconANGLE (blog)


SiliconANGLE (blog)

Bitcoin heist: Japanese police preparing to charge Mark Karpeles over Mt. Gox ...
SiliconANGLE (blog)
The long running saga of the missing $460 million worth of Bitcoins from former Bitcoin exchange Mt. Gox may be finally heading to court with reports that Japanese police are preparing to charge Founder and former Chief Executive Officer Mark Karpeles ...
Report: Tokyo Police Seeking Fraud Charges Against Mt Gox CEOCoinDesk
Japanese authorities to charge Mt. Gox CEO with fraudulent system manipulation99 Bitcoins (blog)
Mark Karpeles Smells Conspiracy in Mt. Gox HacknewsBTC

all 5 news articles »

Posted on 30 July 2015 | 7:13 pm

Report: Tokyo Police Seeking Fraud Charges Against Mt Gox CEO

The Tokyo Metropolitan Police is reportedly pursuing fraud charges against Mt Gox CEO Mark Karpeles.

Posted on 30 July 2015 | 2:08 pm

'People Are Just Too Stupid to Use Bitcoin Right Now' (Op-Ed) - CoinTelegraph


CoinTelegraph

'People Are Just Too Stupid to Use Bitcoin Right Now' (Op-Ed)
CoinTelegraph
The biggest obstacle for Bitcoin's mainstream push is not the technology itself but rather the public's ignorance of the true nature of money. To fully grasp the advantages of Bitcoin, one must first understand the current financial system and, to some ...

Posted on 30 July 2015 | 12:56 pm

National Science Foundation Awards Research Grants on the Science and Applications of Cryptocurrency

The National Science Foundation has awarded research grants on the science and applications of crypto-currency, with approximately $1 million awarded to date. The NSF initiative is part of the “Secure and Trustworthy Cyberspace” program for cybersecurity research and development to minimize the dangers of cyber technology, promote education and training in cybersecurity, establish a science of cybersecurity and convert promising cybersecurity research into practice. The NSF grant has been awarded to Emin Sirer at Cornell University (grant information here), Elaine Shi, Michael Hicks, Jonathan Katz and David Van Horn at the University of Maryland (grant information here), and Dawn Song at the University of California-Berkeley (grant information here). Emin Sirer, an associate professor of computer science at Cornell University, researches […]

The post National Science Foundation Awards Research Grants on the Science and Applications of Cryptocurrency appeared first on Bitcoin Magazine.

Posted on 30 July 2015 | 11:49 am

Five Recommendations for Bitcoin Companies to Ensure Compliance with the Department of Justice

This is a guest post by Eugene Illovsky, a partner at Morrison & Foerster in Palo Alto.  He advises on corporate compliance and represents companies in their interactions with government investigatory, enforcement, and prosecutorial authorities. What compliance expectations does the Department of Justice have for businesses entering the virtual currency space? How can a company meet those expectations to stay out of trouble with DOJ, or at least mitigate the effects of any criminal inquiry on it as well as its executives, employees and investors? A recent speech by the Criminal Division head, Assistant Attorney General Leslie Caldwell, provides critical guidance on DOJ’s “approach to the emerging virtual currency landscape” and expands on its view that “compliance and cooperation from exchanges, […]

The post Five Recommendations for Bitcoin Companies to Ensure Compliance with the Department of Justice appeared first on Bitcoin Magazine.

Posted on 30 July 2015 | 11:38 am

Approach Bitcoin With Caution - Huffington Post Canada


CoinTelegraph

Approach Bitcoin With Caution
Huffington Post Canada
Bitcoin is a digital currency which uses a special security technology called blockchain and allows the users to remain anonymous. There remain major security issues regarding bitcoin and digital currency which must be resolved before it can be ...
Former Obama Tech Advisor Explains How Bitcoin Could Transform Government (In ...Forbes
Former White House Advisor: Elimination of 'Double-Spend' is Bitcoin's True ...CoinTelegraph
Microsoft and MIT Explore Unique Applications of the Bitcoin BlockchainBitcoin Magazine
CryptoCoinsNews
all 10 news articles »

Posted on 30 July 2015 | 11:32 am

BitBeat: Bitcoiners Decamp to Bretton Woods - Wall Street Journal (blog)


BitBeat: Bitcoiners Decamp to Bretton Woods
Wall Street Journal (blog)
Bitcoin's growth may indeed be happening at a faster pace than the growth of the Internet back in the 1990s, which has insiders all abuzz, but the cryptocurrency is still to most people an incoate, confusing concept, assuming they don't just dismiss it ...

Posted on 30 July 2015 | 11:32 am

Bitcoin Price Breaks; Intra Range Reversed - newsBTC


newsBTC

Bitcoin Price Breaks; Intra Range Reversed
newsBTC
In this morning's bitcoin price watch piece, we pointed out that – due to a relative tightness of volatility across markets – we would press forward with our intra-range strategy and, in the event that any fundamental drivers gave us some momentum ...

Posted on 30 July 2015 | 10:41 am

Ethereum Launches Long-Awaited Decentralized App Network

Long one of the most ambitious projects in the industry, decentralized application platform Ethereum is set to open to the public tonight.

Posted on 30 July 2015 | 9:44 am

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Can Bitcoin Get Taylor Swift to Love Spotify? - TheStreet.com


TheStreet.com

Can Bitcoin Get Taylor Swift to Love Spotify?
TheStreet.com
But a solution may be found in that much-maligned digital-currency known as the Bitcoin. By partnering a cryptocurrency with a central database of music rights, a streaming service such as Apple Music, Pandora or Stockholm-based Spotify could ...

and more »

Posted on 30 July 2015 | 9:01 am

Bitcoin Exchange Igot Challenges Scam Allegations

The founder of Australia-based bitcoin exchange igot has refuted claims that his business is a scam.

Posted on 30 July 2015 | 5:47 am

Leading Global Bitcoin Adoption, HashingSpace Corporation Uplifts to the OTCQB

Bitcoin Press Release: US Based HashingSpace Corporation Announced it has been uplifted to a higher reporting status on the OTC Market. HashingSpace will now be listed as OTCQB: HSHS. HashingSpace provides scalable datacenter and technology infrastructure for the global adoption of Bitcoin including Bitcoin ATMs and hosted ASIC mining. WENATCHEE, WA / July 29, 2015 / HashingSpace Corporation (OTCQB: HSHS), a company focused on the global adoption of Bitcoin, announced today that it has officially been uplifted to a higher reporting status. HashingSpace will no longer be listed on the Pink Sheets and has been moved to OTCQB status. HashingSpace Corporation submitted all the mandatory documents and has successfully met all of the initial requirements to receive this upgrade. The […]

The post Leading Global Bitcoin Adoption, HashingSpace Corporation Uplifts to the OTCQB appeared first on Bitcoin Magazine.

Posted on 29 July 2015 | 4:21 pm

Over 2 Years Old Valuable Bitcoin Alternative CryptoBullion (CBX) Announces Unprecedented PoSP Algorithm and Expansion Into Chinese Markets

Bitcoin Press Release: Over 2 years old, CryptoBullion is pleased to announce an unprecedented Proof-of-Stake-Participation algorithm and expansion into emerging Chinese markets. Designed to be rare and valuable, less than 1 million CBX are in circulation, with a variable annual interest rate of over 2% for stakers. FLORIDA, USA / July 29, 2015 / CryptoBullion (CBX), launched in June of 2013, is an exclusive cryptocurrency with less than 1-million units in circulation (21 times more rare than Bitcoin). CBX has successfully completed its distribution phase and has reached the planned stage where its money supply grows by 2% per year. This economically sound annual increase mirrors the supply fundamentals of precious metals, positioning CBX as the “platinum” alternative to Bitcoin’s […]

The post Over 2 Years Old Valuable Bitcoin Alternative CryptoBullion (CBX) Announces Unprecedented PoSP Algorithm and Expansion Into Chinese Markets appeared first on Bitcoin Magazine.

Posted on 29 July 2015 | 4:19 pm

US Presidential Candidate Rick Perry Reveals Bitcoin Stance

US presidential candidate Rick Perry has stated he supports "regulatory breathing room" for digital currencies such as bitcoin.

Posted on 29 July 2015 | 1:53 pm

Ripple Labs Taps US Treasury Official for Advisory Board

Blockchain startup Ripple Labs has added a former US Treasury Department official to its board of advisors.

Posted on 29 July 2015 | 12:19 pm

Survey: Consumers Say Bitcoin More Inconvenient Than Checks

A new survey has found that consumers believe bitcoin to be more inconvenient to use than traditional payment methods.

Posted on 29 July 2015 | 12:05 pm

US Government Funds $3 Million Cryptocurrency Research Initiative

Three US universities are set to conduct research on cryptocurrencies using roughly $3m in grant funding from the National Science Foundation.

Posted on 29 July 2015 | 10:55 am

Purse.io Sees Record New Users and $24,000 in Purchases on Amazon Prime Day

It wasn’t just regular consumers who were able to benefit from the much-anticipated Amazon Prime Day. Purse.io, the escrow service that connects users with bitcoin to users with Amazon gift cards, saw a significant amount of growth leading up to the big day. “We had the highest number of new users in a single week,” Andrew Lee, CEO of Purse, said in an interview with Bitcoin Magazine. There were a total of 2,145 new users during the week. However, the people weren’t just signing up and then forgetting about the website. Instead, they were actively participating on the site, purchasing goods. What surprised the team, though, was that it wasn’t just prime purchases that people were making. “There was a […]

The post Purse.io Sees Record New Users and $24,000 in Purchases on Amazon Prime Day appeared first on Bitcoin Magazine.

Posted on 29 July 2015 | 10:12 am

Bitcoin’s Largest Publicly Traded Company Bridges Gaps to the Banking Industry

As Bitcoin usage grows worldwide and attracts the attention of more governments and regulators, the complexities of ensuring compliance across different jurisdictions become greater and greater. Many quickly growing Bitcoin startups struggle with this issue and lack the knowledge base to ensure that compliance is sufficient. Taking it a step further, even if local regulations in an area are relatively lax, operating a financial services business without a bank account can prove tremendously difficult. And due to the fact that Bitcoin businesses are considered high risk and banks operate very conservatively, obtaining a local banking partner can be very difficult. “If we look at what’s going on the U.K., the country is very laissez-faire with regulation, but the banks won’t […]

The post Bitcoin’s Largest Publicly Traded Company Bridges Gaps to the Banking Industry appeared first on Bitcoin Magazine.

Posted on 29 July 2015 | 10:08 am

Microsoft and MIT Explore Unique Applications of the Bitcoin Blockchain

Microsoft New York and MIT Media Lab presented a 70-minute report called #Blockchain4good this week. Speakers included Brian Forde, MIT Media Lab director of digital currency and former senior technology adviser at the White House, and John Paul Farmer, director of technology and civic innovation at Microsoft. They led discussions on using the blockchain for fraud-free voting, storage of identities, response to natural disasters and a public ledger of properties such as land. Other speakers, including Chelsea Barabas, Ann Sim, Ryan Shea and Peter Kirby, focused on introducing the blockchain’s capability to decrease the amount of money spent annually on identity theft and records. Civic Infrastructure Sim, from international design and consulting firm IDEO, introduced the idea of frictionless transfer, […]

The post Microsoft and MIT Explore Unique Applications of the Bitcoin Blockchain appeared first on Bitcoin Magazine.

Posted on 29 July 2015 | 9:19 am

Russian Watchdog Threatens News Site Over Bitcoin Article

Russia's media watchdog has told Zuckerberg Pozvonit, a local tech news site, it must delete or edit a bitcoin-related article.

Posted on 29 July 2015 | 4:56 am

American Banker Conference: Lines Drawn in Blockchain Debate

American Banker's Digital Currencies + the Blockchain featured speakers from across the blockchain and finance sectors.

Posted on 28 July 2015 | 4:00 pm

Benjamin Lawsky: ‘I’m Doing No Work in the Digital Currency Space’

The former superintendent of the New York Department of Financial Services (NYDFS) and the creator of the much maligned BitLicense revealed today that he’s not working in the digital currency space. “I’m doing no work in the digital currency space,” said Benjamin Lawsky at the America Banker Conference in New York City. “The rules are clear,” Lawsky explained. “I can’t work in the Bitcoin space on anything related to my work at NYDFS or BitLicense.” When Lawsky announced in May that he was stepping down, he revealed that he would be launching his own legal consultancy. The New York Post had reported that Lawsky “plans to advise companies on financial matters such as cybersecurity and digital currencies like bitcoin, a new sphere […]

The post Benjamin Lawsky: ‘I’m Doing No Work in the Digital Currency Space’ appeared first on Bitcoin Magazine.

Posted on 28 July 2015 | 12:08 pm

Settling the Block Size Debate

This is a guest post by Eric Lombrozo, the Co-CEO and CTO of Ciphrex Corp., a software company pioneering decentralized consensus network technology. Lombrozo is also a founding member of the CryptoCurrency Security Standards Steering Committee and has been a longtime contributor to the open source Bitcoin core development effort. Introduction In the last few months, a contentious debate has arisen surrounding the issue of a hardcoded constant in the consensus rules of the Bitcoin network. While on the surface it appears to be a simple enough change, this single issue has opened up a veritable Pandora’s box. What is the block-size limit and why is it there? When the Bitcoin network was in infancy, several assumptions had to be made regarding […]

The post Settling the Block Size Debate appeared first on Bitcoin Magazine.

Posted on 28 July 2015 | 12:05 pm

Microsoft Explores Blockchain Tech's Use for Social Good

The topic of how blockchain technology can be used to support social good was discussed at an event hosted by Microsoft last night.

Posted on 28 July 2015 | 9:32 am

New Service Finds Optimum Bitcoin Transaction Fee

A new service, CoinTape, is offering bitcoin users an answer to the burning question: what is the optimum transaction fee?

Posted on 28 July 2015 | 5:16 am

5 Things Bitcoin Owners Must Do When Estate Planning

Certified Financial Planner Jeff Vandrew explains the steps bitcoin holders should take when planning their estates.

Posted on 28 July 2015 | 3:41 am

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Can Bitcoin Change Wi-Fi For the Better?

We take a look at the companies hoping to increase the ease of WiFi access with bitcoin micropayments.

Posted on 27 July 2015 | 1:52 pm

8 Banking Giants Embracing Bitcoin and Blockchain Tech

Despite an initial skepticism, major financial institutions are beginning to become more public with their interest in bitcoin and the blockchain.

Posted on 27 July 2015 | 12:26 pm

Bitcoin and Trading Execs Team up to Disrupt Settlement

A bitcoin entrepreneur and a trading veteran have partnered on a blockchain project that aims to streamline the way assets are exchanged.

Posted on 27 July 2015 | 11:08 am

Mike Tyson Bitcoin ATM Owner Hits Back at Scam Accusations

A deal to create an official Mike Tyson-branded bitcoin ATM in Las Vegas has been met with criticism following questions about the companies involved.

Posted on 27 July 2015 | 6:41 am

Xapo CEO Wences Casares Takes Legal Action Against LifeLock

Wences Casares, the CEO of bitcoin company Xapo, has begun legal proceedings against online identity firm LifeLock in response to a suit filed by the company which alleged contract violations against him and several Xapo employees. The cross-complaint filed by Casares at California's Superior Court on 24th July states: "LifeLock's highly dysfunctional management proved itself […]

Posted on 27 July 2015 | 4:59 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

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 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

July 31, 2015 -
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