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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 in North Korea and Other Places You'd Never Expect - CoinTelegraph


CoinTelegraph

Bitcoin in North Korea and Other Places You'd Never Expect
CoinTelegraph
The number of bitcoin merchants surpassed the 100,000 mark in 2015 and has grown across Europe and Asia due to the expansion of well-established bitcoin startups like Coinbase, Bitpay and Coinify. BitPay alone has processed over 800,000 transactions ...

Posted on 24 May 2015 | 10:32 am

Book Review: Digital Gold is an Invaluable Page-Turner

A review of Nathaniel Popper's new book 'Digital Gold: Bitcoin and the inside story of the misfits and millionaires trying to reinvent money'.

Posted on 24 May 2015 | 8:23 am

Photographer Abigail Scarlett to Live Six Months on Bitcoin - CryptoCoinsNews


Photographer Abigail Scarlett to Live Six Months on Bitcoin
CryptoCoinsNews
Abigail Scarlett is a professional photographer who lives in London and recently started her plan to live for six months via only bitcoin. She has some excellent work, and I do recommend visiting her site to take a look for yourself at abbybitcoin.com.

Posted on 24 May 2015 | 6:08 am

Bitcoin Super-Investor Roger Ver: Bitcoin Exchange OKCoin May Be Insolvent - CryptoCoinsNews


CryptoCoinsNews

Bitcoin Super-Investor Roger Ver: Bitcoin Exchange OKCoin May Be Insolvent
CryptoCoinsNews
Well, Roger Ver is to angel investors what Phil Jackson is to NBA coaching success. He has had a hand in a long string of bitcoin success stories, and for bringing many people into the cryptocurrency revolution. His passion and dedication to bitcoin's ...
Bitcoin Exchange OKCoin Accused of Tampering Contract, Money LaunderingForexMinute.com
To Avoid Legal Hassle With Roger Ver, OKCoin Stops Managing Bitcoin.comBitcoinist.net

all 4 news articles »

Posted on 24 May 2015 | 3:14 am

Superintendent Lawsky to Leave the NYDFS and Start Consulting Business; Cato Institute Cries Foul

The Wall Street Journal reports that Benjamin Lawsky, the superintendent of the New York Department of Financial Services (NYDFS) who is expected to issue this month a new regulation for digital currency businesses called BitLicense, which has been widely criticized for being unnecessarily strict, will leave the NYDFS in June. Lawsky said that he will form a consulting business that will include virtual currency advisory services. “[Lawsky] plans to advise companies on financial matters such as cybersecurity and digital currencies like bitcoin, a new sphere of regulation he helped spearhead in New York,” reports the New York Post. In a recent Medium post titled “How to Prevent New York from Becoming the Bitcoin Backwater of the U.S.,” MIT Digital Currency […]

The post Superintendent Lawsky to Leave the NYDFS and Start Consulting Business; Cato Institute Cries Foul appeared first on Bitcoin Magazine.

Posted on 23 May 2015 | 11:25 am

CANADA’s First Fintech and Banking Innovation Conference is Coming to Vancouver

On June 3, 2015, Vancouver, British Columbia, will host “Digital Finance 2015,” Canada’s first fintech and banking innovation conference, at the Vancouver Club on West Hastings in the city’s trendy West End. Digital Finance 2015 will feature two keynote speakers: Peter Vander Auwera, co-founder of Innotribe innovation will talk about “Innovation in banking: from tactics to strategy.” Sam Maule, emerging payments expert with Carlisle & Gallagher, and one of the “top innovation influencers” will talk about “FinTech’s Disruptive Force in Banking.“ Other speakers include representatives from Canada’s Royal Canadian Mounted Police (RCMP), the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), Citi (New York), and Overstock (New York). White Paper on Women in Fintech will be released Organizer Christine Duhaime of the […]

The post CANADA’s First Fintech and Banking Innovation Conference is Coming to Vancouver appeared first on Bitcoin Magazine.

Posted on 23 May 2015 | 11:07 am

Bitcoin really is useful. Just not in the way you think - The Guardian


The Guardian

Bitcoin really is useful. Just not in the way you think
The Guardian
Since then, the world has been divided into three camps: those who think that bitcoin must be a scam; those who think it's one of the most interesting technological developments in decades; and (the vast majority) those who have no idea what the fuss ...

Posted on 23 May 2015 | 10:00 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

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

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

Bitfinex Warns Customers to Halt Deposits After Suspected Hack

UPDATE (22nd May, 17:2opm GMT): A representative from Bitfinex has indicated it has generated a new hot wallet on a "failsafe machine". It expects deposits and withdrawals will be live "soon", after the wallet has successfully synced. Popular bitcoin exchange Bitfinex today urged customers to halt deposits while it investigates a suspected hack. In a statement released this morning, […]

Posted on 22 May 2015 | 7:08 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

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

Consensus 2015: Digital Gold and Wences Casares in the Spotlight

Hernán Botbol of Argentina's Taringa! social network is joining the Consensus 2015 lineup, which includes Nathaniel Popper and Wences Casares.

Posted on 21 May 2015 | 1:50 pm

digitalBTC Raises $3.5 million AUD to Launch AirPocket

Digital BTC, an Australian Bitcoin company that is publicly traded on the Australian Securities Exchange (ASX) as Digital CC Limited has secured a $3.5 million AUD funding round by a group of institutional and individual investors to launch a remittance-focused product, AirPocket. CEO and founder Zhenya Tsvetnenko specifically explained that the funds from the “investment will be used accelerate the rollout and commercialization of AirPocket in Latin America and Caribbean.” The company was originally seeking for a $3 million AUD funding round, until the demand from local investors rose and the company had to enlarge the funding round with another $500,000 AUD. The increased funding round raised the company’s cash to over $6 million. The product soon to be launched in […]

The post digitalBTC Raises $3.5 million AUD to Launch AirPocket appeared first on Bitcoin Magazine.

Posted on 21 May 2015 | 12:06 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
Bitcoin Magazine -Payment Week -Cato Institute (blog)
all 22 news articles »

Posted on 21 May 2015 | 12:04 pm

North Carolina House Seeks Oversight of Bitcoin Activities

A bill calling for specific regulation of digital currencies has been approved by the North Carolina House of Representatives.

Posted on 21 May 2015 | 12:01 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

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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

MasterCard Introduces Fast Bitcoin-like Global Payments to Consumers

MasterCard has launched MasterCard Send, a personal payments service that enables funds to be sent quickly and securely to consumers domestically and internationally. Now live for users in the United States, MasterCard Send permits sending secure real-time payments to consumers, both banked and unbanked. The recipients get the funds immediately on their MasterCard or other cards, into mobile money and bank accounts or via cash agent outlets. “This unique platform will enable disbursements and person-to-person (P2P) payments to and from virtually any U.S. debit card account, including non-MasterCard debit cards,” notes the MasterCard announcement. “MasterCard Send is the only personal payments service that can reach virtually all U.S. debit card accounts and enable funds to be sent and received typically […]

The post MasterCard Introduces Fast Bitcoin-like Global Payments to Consumers appeared first on Bitcoin Magazine.

Posted on 21 May 2015 | 10:56 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

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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

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

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

airBaltic - World’s First Airline To Accept Bitcoin

Posted on 22 July 2014 | 11:03 am

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 24, 2015 -
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