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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

Is it Possible to Purchase Bitcoin Through PayPal? - newsBTC


Is it Possible to Purchase Bitcoin Through PayPal?
newsBTC
For starters, bitcoin buyers can always perform a chargeback, which is a demand by the issuing bank or credit card company that funds are returned to a buyer due to a disputed or fraudulent purchase. Unfortunately, there really is no way for a seller ...

Posted on 28 February 2015 | 6:08 pm

Bitcoin Soon to be Part of Entrepreneurship Education Program - newsBTC


CoinTelegraph

Bitcoin Soon to be Part of Entrepreneurship Education Program
newsBTC
“We want our young entrepreneurs to acquire and use Bitcoin as they start and run their businesses to benefit from its advantages,” founder, CEO and President of YBUSA Bo Ghirardelli told CoinTelegraph. “Perhaps even close the loop, purchasing ...
Youth Business USA Wants to Empower Low-Income Young Entrepreneurs With ...CoinTelegraph
Youth Business USA Wants to Teach Young Entrepreneurs About BitcoinCoinFinance

all 3 news articles »

Posted on 28 February 2015 | 3:55 pm

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Bitcoin Price Weekly Analysis 28/2/2015 – Breaking Out of the Old Trend - newsBTC


Bitcoin Price Weekly Analysis 28/2/2015 – Breaking Out of the Old Trend
newsBTC
The past week was full of action on the (BTC/USD) charts. Although the week started by a bearish wave that took bitcoin price down to around $231, a rather strong bullish wave took the price up to $263 yesterday. So, let's take a look at the week's ...

and more »

Posted on 28 February 2015 | 1:41 pm

Bitcoin Could Be Your Traveling Companion - newsBTC


Bitcoin Could Be Your Traveling Companion
newsBTC
At the start of this month, air traveling payment network UATP announced to integrate Bitcoin payments to its platform after inking a partnership with Bitnet, a payment processing platform. Though, this was not the first time that a traveling business ...

Posted on 28 February 2015 | 12:45 pm

How to Get Free Bitcoins: 5 Easy Ways to Obtain Free Bitcoins - CEX.IO Official Blog (blog)


CoinBuzz

How to Get Free Bitcoins: 5 Easy Ways to Obtain Free Bitcoins
CEX.IO Official Blog (blog)
Bitcoins are a relatively new digital currency which exists only within the world wide web. The cryptocurrency does not have any value on its own, but it is created in the process of social interaction. Only because of communication, the value – and ...
Bitcoin Gambling Has Huge Untapped Potential, Here's WhyCoinBuzz

all 2 news articles »

Posted on 28 February 2015 | 12:38 pm

Why Greece Should Not Switch To Bitcoin - TechCrunch


TechCrunch

Why Greece Should Not Switch To Bitcoin
TechCrunch
In some discussions about Greece exiting the euro, it has been suggested that Greece should swap the euro for bitcoin. At first glance, bitcoin may appear to be the cure. But if the euro is the problem, switching to Bitcoin would be like trying to cure ...

Posted on 28 February 2015 | 8:01 am

Video: Hashrabbit's Melissa Volkmann on Bitcoin's Design Mistakes

To Ƀ or not to ฿? That is the question posed by designer Melissa Volkmann, who wants bitcoin companies to rethink the industry's creative direction.

Posted on 28 February 2015 | 7:30 am

BitFury Launches New 28nm Bitcoin Mining ASIC

Bitcoin mining giant BitFury has announced it has completed the manufacturing of its previously announced 28nm ASIC chip.

Posted on 27 February 2015 | 7:05 pm

Bitcoin Derivatives Platform TeraExchange to Go Public in Merger

MGT Capital has entered into an agreement with Tera Group that would find the regulated bitcoin derivatives platform operator going public.

Posted on 27 February 2015 | 3:15 pm

Study: Consumers Feel Bitcoin More Secure than Mobile Payments Apps

A recent consumer survey suggests US consumers feel bitcoin is a safer payment method than mobile wallets and apps.

Posted on 27 February 2015 | 2:00 pm

Ex-Goldman, Paribas Execs Launch Bitcoin Derivatives Exchange - CoinDesk


newsBTC

Ex-Goldman, Paribas Execs Launch Bitcoin Derivatives Exchange
CoinDesk
A new bitcoin derivatives trading platform called Crypto Facilities has launched in London, backed by a pair of co-founders with longtime experience in the City's traditional financial markets. Crypto Facilities currently lets customers trade just one ...
Bitcoin Futures – Literally Mining the FuturenewsBTC
Former Goldman Sachs Director Launches Bitcoin Derivatives Brokerage Crypto ...Bitcoin Magazine
London-based Bitcoin Derivatives Platform DebutsInside Bitcoins

all 6 news articles »

Posted on 27 February 2015 | 1:32 pm

JP Morgan Goes Hunting for Disruptors and Bitcoin Experts - Wall Street Journal (blog)


Wall Street Journal (blog)

JP Morgan Goes Hunting for Disruptors and Bitcoin Experts
Wall Street Journal (blog)
You have an opinion on bitcoin and other cryptocurrencies, and you are probably ambivalent about the prospect of working for a large financial institution.” The bank even sounded almost apologetic about its size: “Sure, we are part of a large financial ...

and more »

Posted on 27 February 2015 | 12:46 pm

Russian Lawmaker: Bitcoin is a CIA Conspiracy

A lawmaker from the Liberal Democratic Party of Russia is speaking out against bitcoin on the grounds it is part of a US conspiracy.

Posted on 27 February 2015 | 12:35 pm

Bitcoin in the Headlines: Macroeconomics Debated

Having recovered from the bad news fatigue that riddled the headlines last week, the mainstream media seems to have engaged in the bitcoin debate.

Posted on 27 February 2015 | 11:40 am

Bitcoin-friendly Bills Unveiled in Utah, New Hampshire, New York City

Pay your taxes in bitcoin? Maybe, if you live in one of three states now considering bills in support of that option. In January, Utah Republican state representative Mark K. Roberts introduced a bill, H.C.R. 6, to create a Council on Payment Options for State Services that will study how Utah could accept Bitcoin as a valid form of payment. The bill includes the possibility for Utah residents to pay state taxes using Bitcoin. In February, eight New Hampshire state representatives introduced a bipartisan bill, NH HB552, to propose that New Hampshire should officially accept Bitcoin for taxes and fees. The bill calls for the development of a detailed implementation plan, followed by operational acceptance of Bitcoin by the state […]

The post Bitcoin-friendly Bills Unveiled in Utah, New Hampshire, New York City appeared first on Bitcoin Magazine.

Posted on 27 February 2015 | 9:47 am

Bitcoin Takes the Stage at SXSW 2015 Interactive

Speakers from the top companies in the Bitcoin industry will present a full-day mini-conference of Bitcoin-related content during the SXSW 2015 Interactive Festival. The event will take place Monday, March 16, at SXSW’s Startup Village in the Austin Grand Ballroom of the Hilton Downtown in Austin, Texas. The event will feature five sessions focusing on topics about the Bitcoin industry, with information from basic to advanced. Good and bad myths will be addressed, and speakers will share their vision for a future with Bitcoin. The hour-long sessions for the day are titled “What is Bitcoin?,” “Bitcoin 2.0,” “A Future with Bitcoin,” “Impact on Developing World,” and “Real World Applications.” Speakers for the event include: Nic Cary,  co-founder at Blockchain Stephen […]

The post Bitcoin Takes the Stage at SXSW 2015 Interactive appeared first on Bitcoin Magazine.

Posted on 27 February 2015 | 9:30 am

Bitcoin Goes Hollywood: An Interview with Gem COO Ken Miller

A guest interview by Jeff Handler Silicon Valley has become a symbol of technological innovation and achievement in the digital age – a shining beacon of progress and “disruption.” It’s hard to find someone in the Bay Area who isn’t working on some app or technology that promises to change the world forever. As Bitcoin has grown from an obscure, niche technology embraced by a few small, highly technical circles into an actual (though still obscure) “industry,” it shouldn’t surprise anyone that San Francisco/Silicon Valley has become the de-facto go-to spot for American Bitcoin companies to set up shop. While the Bay Area is certainly a great spot for a Bitcoin start-up, I invite you to hop on the 101 […]

The post Bitcoin Goes Hollywood: An Interview with Gem COO Ken Miller appeared first on Bitcoin Magazine.

Posted on 27 February 2015 | 8:55 am

DigitalBTC Reports Net Loss On Falling Bitcoin Price

Australian bitcoin company Digital CC Ltd has published the results for its half-year period up to 31st December 2014, posting a net loss.

Posted on 27 February 2015 | 7:54 am

Ex-Goldman, Paribas Execs Launch Bitcoin Derivatives Exchange

A former executive director of Goldman Sachs in London has launched a bitcoin derivatives exchange called Crypto Facilities.

Posted on 26 February 2015 | 1:50 pm

Former Goldman Sachs Director Launches Bitcoin Derivatives Brokerage Crypto Facilities

Crypto Facilities Ltd., a London-based broker founded by former Goldman Sachs Executive Director Timo Schlaefer, has announced the launch of its bitcoin derivatives trading platform. In financial jargon, a derivative is a contract that derives its value from the performance of an underlying entity, in this case the exchange value of bitcoin. Crypto Facilities trades financial products such as bitcoin options and futures, allowing users to “go long” and bet that the price of bitcoin will rise, or “go short” and bet the price will fall. The first derivative offered by Crypto Facilities is a forward contract – a contract to buy or to sell an asset at a specified future time at a price agreed upon today – on […]

The post Former Goldman Sachs Director Launches Bitcoin Derivatives Brokerage Crypto Facilities appeared first on Bitcoin Magazine.

Posted on 26 February 2015 | 11:52 am

Commonwealth Secretariat Commissions Bitcoin Report for Developing Nations

A two-day event that brought together representatives from the Commonwealth Secretariat has ended with the commission of a formal bitcoin report.

Posted on 26 February 2015 | 11:15 am

CoinSpark 2.0 Taps Blockchain Tech for Notarized Messaging Service

CoinSpark has released a new version of its protocol that allows users to send private messages tied to bitcoin transactions.

Posted on 26 February 2015 | 10:03 am

Bitcoin Voucher Scheme Bitupcard Expands to 300 Shops in Turkey

Prepaid bitcoin voucher service Bitupcard is now available at an additional 270 locations in Turkey, taking the total to 300.

Posted on 26 February 2015 | 8:00 am

OKCoin Gives Away $1.6 Million in Bitcoin for Chinese New Year

OKCoin says its 10m yuan bitcoin giveaway gained it "roughly half a million new users" over Chinese New Year.

Posted on 26 February 2015 | 7:01 am

Blockchain Project Aims to Bring Speed, Transparency to Wall Street Trading

Coinsetter has launched Project High Line, a blockchain-based technology that aims to improve how trades across Wall Street are executed.

Posted on 26 February 2015 | 4:17 am

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Bitcoin Foundation Trials Blockchain Voting in Latest Election Controversy

CoinDesk examines the Bitcoin Foundation's recent attempt to launch a blockchain-based voting system and its impact on its latest election round.

Posted on 25 February 2015 | 4:42 pm

Banking Trade Group Proposes Database for US Bitcoin Companies

The proposals were submitted to the Conference of State Bank Supervisors following its publication of a draft framework for bitcoin licensure.

Posted on 25 February 2015 | 3:16 pm

CoinJar Swipe Bitcoin Debit Cards Now Available

CoinJar Swipe debit cards, which have been on trial since September, are now available for all customers in Australia for use at stores nationwide.

Posted on 25 February 2015 | 2:00 pm

After Chaotic First Day, Bitcoin Foundation Reboots Run-off Election

It was an interesting experiment, but the Bitcoin Foundation’s bid to hold on-blockchain elections today seems to be over. In a letter sent to members dated February 25, 2015 at 12:46:33 a.m. EST and posted on the Bitcoin Foundation blog, the Foundation’s Director of Communications, Jinyoung Lee Englund, announced that the run-off elections being held to fill two board member seats would be utilizing a new voting platform in co-operation with Swarm. “The Foundation’s mission is to advance blockchain technology and this is an important new avenue of innovation,” said Patrick Murck, Executive Director of the Bitcoin Foundation, in the announcement. “While we may not have had the smoothest experience in this experimental launch, it’s important for us to push […]

The post After Chaotic First Day, Bitcoin Foundation Reboots Run-off Election appeared first on Bitcoin Magazine.

Posted on 25 February 2015 | 1:28 pm

CNN’s Morgan Spurlock Spends Week “Living on Bitcoin”

Morgan Spurlock, Academy Award nominated director of “Super Size Me,” is CNN television’s “Inside Man.” In 2014, he spent a week living on bitcoin. The resulting “Inside Man” episode aired on February 19, 2015, affording a large television audience an in-depth Bitcoin experience that was no doubt a first for many viewers. The episode begins with a brief explanation of Bitcoin founder Satoshi’s goals, as defined by the white paper, “Bitcoin: A Peer-to-Peer Electronic Cash System”. “[Satoshi] wanted to create a global currency that existed outside of a central bank or government,” Spurlock explains. Starting at the Bitcoin Center in New York City, Spurlock buys his first bitcoin from the live auctioneer at the site. He then proceeds to make […]

The post CNN’s Morgan Spurlock Spends Week “Living on Bitcoin” appeared first on Bitcoin Magazine.

Posted on 25 February 2015 | 8:01 am

BitGo Unleashes FDIC-like Insurance Ushering in a New Era of Bitcoin Security

BitGo, a leader in Bitcoin security, announced Tuesday it had secured first-of-its-kind insurance coverage for bitcoin theft from the global, A-rated XL Group insurance companies. With this announcement, BitGo joins the list of industry leaders including Xapo and Coinbase that offer insurance for bitcoin stored using their services. All of BitGo’s paying customers are eligible for protection under the XL policy for up to $250,000 in covered theft claims, just by signing up for BitGo services. Customers can increase the amount of protection available to them for an annual fee. “We are proud to partner with XL Group and Innovation Insurance Group on this game-changing insurance product,” said Will O’Brien, CEO and co-founder of BitGo. “The entrance of an underwriter […]

The post BitGo Unleashes FDIC-like Insurance Ushering in a New Era of Bitcoin Security appeared first on Bitcoin Magazine.

Posted on 25 February 2015 | 6:59 am

Decentral Announces 2015 Canadian Blockchain and Fintech Expo

Decentral, Toronto’s home to tech start-ups, announced it’s organizing the 2015 Canadian Blockchain and Fintech Expo for the second week of September as a follow up to last year’s successful Bitcoin Expo. Toronto will again play host to Bitcoin enthusiasts as event organizers assemble a growing list of all-star speakers for the Expo, including Vitalik Buterin, Gavin Wood and Anthony Di Iorio of Ethereum, David Johnston of DApps Fund, Matthew Roszak of Tally Capital, Brock Pierce of ChangeTip, Tether, and the Bitcoin Foundation, David Bailey of BTC Media, Joel Dietz of Swarm, Paul Snow of Factum, Shawn Wilkinson of Storj, Jason King of Sean’s Outpost, Jamie Robinson of QuickBT, Jeff Coleman of Kryptokit, William Mougayar of Start-Up Management, Michael Terpin […]

The post Decentral Announces 2015 Canadian Blockchain and Fintech Expo appeared first on Bitcoin Magazine.

Posted on 24 February 2015 | 10:02 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

Mozilla accepting Bitcoin

Posted on 20 November 2014 | 1:55 pm

PayPal and Virtual Currency

Posted on 23 September 2014 | 9:52 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 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 1, 2015 -
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