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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

Forget Bitcoin, A University Education Is The New Global Currency - Forbes


Forget Bitcoin, A University Education Is The New Global Currency
Forbes
Bitcoin may have been getting all the hype, but there is growing evidence that in a world without borders it is not virtual money that is the global currency, but a university education. As national borders become increasingly permeable, it is becoming ...

Posted on 31 July 2014 | 4:03 pm

Bitcoin Price Analysis – Bubbles of the Past and Future - CryptoCoinsNews


International Business Times UK

Bitcoin Price Analysis – Bubbles of the Past and Future
CryptoCoinsNews
Results from the past do not offer guarantees for the future. It's the legal disclaimer that comes with every new financial brokerage account and trading promotion. And for good reason. Because results from the past, do not offer a guarantee for the ...
Coinapult eliminates Bitcoin volatility with 'Locks'SiliconANGLE (blog)
Bitcoin Price Drops for 12th Consecutive DayInternational Business Times UK
Bitcoin Bounces Off $550 as Argentina DefaultsForex Market (blog)
Investing.com -DailyForex.com
all 14 news articles »

Posted on 31 July 2014 | 3:24 pm

Bitcoin-to-Gold Service Faces Class Action Over Alleged Fraud

Bitcoin-to-gold website Coinabul is facing a serious federal class action that alleges it defrauded some of its clients.

Posted on 31 July 2014 | 1:25 pm

Overstock to Pay Employee Bonuses in Bitcoin - Mashable


CoinReport

Overstock to Pay Employee Bonuses in Bitcoin
Mashable
Bagley added that Overstock's bitcoin sales just recently eclipsed $2 million. "We experienced an initial surge, there was a lot of excitement," he said. "It settled into something a little more predictable." Bitcoin sales account for about a 0.25% of ...
Overstock CEO Patrick Byrne Is Creating a Bitcoin-esque Stock Market ExchangeReason (blog)
Overstock.com Poised to Offer Employee Bonuses in BitcoinnewsBTC
Overstock's CEO Wants to Issue Stock on the Blockchain, Pay Employees in ...CoinReport
Upstart
all 5 news articles »

Posted on 31 July 2014 | 12:05 pm

Mt. Gox and Ripple Founder Jed McCaleb Unveils Project ‘Stellar’

Stellar, the long-secret digital currency project helmed by industry entrepreneur Jed McCaleb, has officially launched.

Posted on 31 July 2014 | 11:00 am

New Bitcoin challenger launches - Fortune


TechCrunch

New Bitcoin challenger launches
Fortune
The San Francisco-based startup, whose technology lets businesses accept online payments, helped introduce a new Bitcoin-like currency on Thursday called “stellar,” as well as a payments network that lets users send any kind of traditional and digital ...
Jed McCaleb Reveals Stellar, His Previously Secret Bitcoin ProjectnewsBTC
Mt. Gox, Ripple Founder Unveils Stellar, a New Digital Currency ProjectWall Street Journal (blog)
Stripe Backs Non-Profit Decentralized Payment Network Stellar, From Mt. Gox's ...TechCrunch
CoinDesk -VentureBeat -Business Insider
all 11 news articles »

Posted on 31 July 2014 | 10:53 am

The Bitcoin Crowd Reaches Out to the Gold Bugs - Businessweek


The Bitcoin Crowd Reaches Out to the Gold Bugs
Businessweek
On the spectrum of currency ideologues, gold bugs and Bitcoin enthusiasts occupy equal but opposite positions. They're both suspicious that governments are going to meddle around with normal money so much that it becomes useless—it's just that one ...

and more »

Posted on 31 July 2014 | 10:02 am

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BitFury Announces Hosted Mining Services for Business Customers

One of bitcoin's biggest mining infrastructure providers, BitFury, has launched a new hosted mining service for business customers.

Posted on 31 July 2014 | 5:57 am

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Bitstars.ph ‘Selfie’ Contests Reward Winners with Bitcoin

Bitstars.ph is promoting bitcoin in the Philippines via daily contests and crypto prizes for most popular selfies.

Posted on 30 July 2014 | 10:13 pm

Patrick Byrne: Overstock Exploring Block Chain-Based Public Stock Offering

Overstock CEO Patrick Byrne is considering issuing 'cryptosecurities' using block chain technology, saying it will help erase global corruption.

Posted on 30 July 2014 | 4:42 pm

Tokyo Police Launch Investigation into Missing Mt. Gox Bitcoin

The Tokyo Police investigation will focus on 27,000 BTC suspected to have been stolen from Mt. Gox.

Posted on 30 July 2014 | 3:46 pm

Wikimedia Foundation Now Accepts Bitcoin

Posted on 30 July 2014 | 3:14 pm

BTCTrip: We Accept Bitcoiners

You have probably heard it a hundred times by now: we accept bitcoins… This “we accept bitcoins” phrase is perhaps the latest marketing craze that has engulfed many e-commerce sites and traditional brick & mortar stores. Although many businesses accept your alternative currency, not many of them go further than that. Well, BTCTrip doesn’t just accept bitcoins, they accept bitcoiners. That’s what sets this travel site apart from the rest. Accepting bitcoiners means catering to the wants of bitcoin users by paying employees in bitcoin, offering more than discounts, and promoting the space. Martin Fernandez, the co-founder of BTCTrip, was described by Vitalik Buterin as “the archetypal Bitcoin user.” It is no wonder why: Fernandez has been in the tech […]

The post BTCTrip: We Accept Bitcoiners appeared first on Bitcoin Magazine.

Posted on 30 July 2014 | 2:47 pm

New York’s BitLicense Proposal: The View from China

Prominent members of China's bitcoin ecosystem discuss the possible effects of proposed US regulations on the industry.

Posted on 30 July 2014 | 2:30 pm

Real value of Bitcoin - The Hill (blog)


Real value of Bitcoin
The Hill (blog)
The Bitcoin Foundation, the leading association for the digital currency of the same name lost one of their highest profile members last week when Andreas Antonopolous resigned over what he described as “a complete lack of transparency.” Antonopolous ...

Posted on 30 July 2014 | 2:03 pm

Armory’s ‘Lockbox’ Brings Multisig to Storage, Escrow and More

Armory has released v0.92 of its client with a feature called Lockbox, a decentralised multi-signature interface for bitcoin.

Posted on 30 July 2014 | 1:01 pm

Overstock to Extend Bitcoin Payments to Global Customers

Overstock's international customers will soon have the option to pay for the company's e-commerce products in bitcoin.

Posted on 30 July 2014 | 12:25 pm

Bitcoin Magazine Congratulates Team Member, Vitalik Buterin

Bitcoin Magazine would like to congratulate former Lead Writer and now Editorial Board Member, Vitalik Buterin, on his receipt of the Peter Thiel Fellowship Award. Vitalik is the mastermind behind the Ethereum Project. As a 20 year old, his development experience is extensive with involvement in Bitcoin, KryptoKit, and the Dark Wallet. Through the Peter Thiel Fellowship program, Vitalik will receive a grant of $100k to span over two years so he can focus full time on the Ethereum project and further decentralized developments. In addition to funding, all fellows will receive guidance on entrepreneurship and startups. Congratulations, Vitalik! The Thiel Foundation issued the following press release on the award and recipients: PETER THIEL ANNOUNCES 2014 CLASS OF THIEL FELLOWS […]

The post Bitcoin Magazine Congratulates Team Member, Vitalik Buterin appeared first on Bitcoin Magazine.

Posted on 30 July 2014 | 12:00 pm

Bitcoin is barely regulated — and these congressmen want to keep it that way - Washington Post (blog)


New York Times

Bitcoin is barely regulated — and these congressmen want to keep it that way
Washington Post (blog)
Many technophiles and libertarians already love Bitcoin. If three bitcoin-friendly congressmen have their way, federal lawmakers could, too. Bitcoin industry representatives descended on Capitol Hill on July 29 to trumpet the cryptocurrency to any ...
Proposed Rules Expose Rifts Among Bitcoin EnthusiastsNew York Times
Gold Bugs Meet Bitcoin Believers to Supplant the DollarBloomberg
States make moves to regulate digital currencies like Bitcoin, Pew reportsThe Times-Picayune
CTV News -International Business Times, India Edition -CryptoCoinsNews
all 93 news articles »

Posted on 30 July 2014 | 11:59 am

Wikipedia Now Accepts Bitcoin Donations

Wikipedia's parent company, the Wikimedia Foundation, now accepts bitcoin donations thanks to a partnership with payment processor Coinbase.

Posted on 30 July 2014 | 11:19 am

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BitPay Offers ‘Free and Unlimited’ Payment Processing for Merchants

BitPay has introduced a new price plan that is free and unlimited for its basic bitcoin payments processing service.

Posted on 30 July 2014 | 7:26 am

Blockchain is Back! Relaunches on Apple App Store, Completely Revamped Android Wallet App

Apple users and bitcoiners can now breathe a little easier. Six months after Apple removed the Blockchain wallet app from the App Store, Blockchain is back. The company made the announcement this morning, just days after the release of a completely revamped Blockchain Android app, which was initially unveiled at the North American Bitcoin Conference in Chicago. When the original iOS app was banned by Apple in January there were over 1,000 news stories that covered the development. Apple seems to have gotten the idea. Although Apple has not directly stated their support of Bitcoin and other payment technologies, it seems they have changed their stance on the type of approved applications within the App Store. It is most definitely […]

The post Blockchain is Back! Relaunches on Apple App Store, Completely Revamped Android Wallet App appeared first on Bitcoin Magazine.

Posted on 30 July 2014 | 7:02 am

DAC Sun Limited Launches first official Bitshares X Chain for Distributed “Trading” of Commodities and Stocks.

On July 19th, Bitshares announced that its Hong Kong-based partner DACS Unlimited is launching the first official, live Bitshares X chain. Bitshares X is the stock- and commodities-focused product of Bitshares, which aims to be a multipurpose platform for distributed versions of everything from insurance to music retailing. This makes Bitshares, arguably, the first functional iteration of what’s known as a Distributed Autonomous Corporation – essentially, a distributed, centreless system much like the Bitcoin network, but able to execute commands more complicated than ‘buy’ and ‘sell,’ and with a wider variety of resources. That could mean this counts as a victory for Bitshares over its main conceptual competitor, Ethereum, a DAC platform that is still in the proof of concept phase. […]

The post DAC Sun Limited Launches first official Bitshares X Chain for Distributed “Trading” of Commodities and Stocks. appeared first on Bitcoin Magazine.

Posted on 30 July 2014 | 7:02 am

Bitcoins Affected by New York’s BitLicense May Trade at Discount

Savvy traders could profit handsomely from the bitcoin arbitrage opportunities presented by a future BitLicense, argues Jon Matonis.

Posted on 30 July 2014 | 6:47 am

#wearesatoshi

This is the feature article for Issue 20. Explaining Bitcoin to a luddite is like explaining the plot of an action-drama movie. Failing exchanges! “Overnight” millionaires! Bank robberies! Drug-busts! World-changing innovation! Government espionage and fortunes made and lost! One of the most interesting aspects is the superhero-like protagonist: our system’s very anonymous creator, Satoshi Nakamoto. #themanbehindbitcoin Satoshi Nakamoto is thought to be a pseudonym for the unknown “Father of Bitcoin”; in Japanese, Satoshi Nakamoto roughly translates to “thinking clearly inside the foundation.”1  For the purpose of this article, Satoshi will be referred to as a male. His preference for privacy is his hallmark. He used e-mail addresses and web-sites that were untraceable. In 2009, he produced his famous white paper […]

The post #wearesatoshi appeared first on Bitcoin Magazine.

Posted on 30 July 2014 | 6:17 am

Dogecoin Core Development Interview

Dogecoin, born in jest, is now serious business. A major payment processor already supports Dogecoin payments. This has opened up the coin to a huge selection of international merchants. One such merchant is Hustler Magazine, which recently confirmed it would start accepting payments in Dogecoin. Dogecoin is also being embraced by new exchanges, including those in the lucrative Chinese market. Most importantly, the community seems as vibrant and passionate as ever. This is important. However, it matters little if there is no one maintaining the protocol and ensuring both the integrity and security of the network. Fortunately for Dogecoin the core development team is equally as passionate. They are increasingly becoming recognised as one of the most active and productive […]

The post Dogecoin Core Development Interview appeared first on Bitcoin Magazine.

Posted on 30 July 2014 | 6:07 am

CoinSafe Releases ‘Virtual Bitcoin ATM’ Apps for Merchants

CoinSafe says its new software allows businesses to trade bitcoins directly with walk-in customers.

Posted on 30 July 2014 | 5:19 am

New Zealand Bitcoin ATM Operator Shuts Down After Bank Refusals

A New Zealand bitcoin ATM operator is the latest to fall victim to the banking industry's digital currency barriers.

Posted on 29 July 2014 | 7:49 pm

Cypherpunk Comic ‘Hunt for Satoshi Nakamoto’ to launch Crowdfund on SWARM platform

Alex Preukschat, Josep Busquet and José Ángel Ares García, the trio behind ‘The Hunt for Satoshi Nakamoto’, the new Bitcoin Comic which previewed at CoinSummit and was recently written up on CoinDesk are gearing up to launch their project kickstarter style on the new SWARM platform which recently raised over $1,000,000 worth of Bitcoin in startup capital. Preukschat says he wants to take 1,000 pre-orders of the comic before it goes to print and those who sign up will receive crypto-tokens from the SWARM platform in return for their donations allowing them access to perks and special offers in future like limited edition artwork cover for the comic books and T-Shirts. Crowdfunding on a Bitcoin-only platform makes a lot of sense to Preukschat whose basic goal is to educate […]

The post Cypherpunk Comic ‘Hunt for Satoshi Nakamoto’ to launch Crowdfund on SWARM platform appeared first on Bitcoin Magazine.

Posted on 29 July 2014 | 7:03 pm

Abstractly Represented Money: Introducing Metamoney

Part of this article appears in Issue 20 In his pocket, Joe has an old leather wallet. It contains enough banknotes to buy him a brand new wallet of a better model he saw in a magazine. This buying power is exclusive to him, who alone can use those bills to buy something. Likewise, if he transfers them to another person, then instead of him, only this other person will own their buying power. However, although Joe’s transferring away his banknotes can always transfer along their control, it could never transfer along their whole property, which is not only his. The bills, as possibly distinct from their purchasing power, do not belong to him alone. For example, he has no […]

The post Abstractly Represented Money: Introducing Metamoney appeared first on Bitcoin Magazine.

Posted on 29 July 2014 | 6:00 pm

ZipZap Raises $1.1 Million to Grow Global Bitcoin Payments Network

ZipZap has raised $1.1m in new funding with the goal of becoming the leading payment network for digital currencies.

Posted on 29 July 2014 | 3:20 pm

Arizona's first bitcoin machine broken by lightning strike - azcentral.com


Daily Mail

Arizona's first bitcoin machine broken by lightning strike
azcentral.com
The electricity in the air over Arizona's first bitcoin ATM proved too much for the machine, which was knocked out of commission after lightning struck Bookmans Entertainment Exchange in Tucson Friday said Brian Williams, founder of Javelin Investments ...
CoinSafe Releases 'Virtual Bitcoin ATM' Apps for MerchantsCoinDesk
Arizona's First Bitcoin ATM Goes KablooeyPopular Science
Out of service: Arizona's only Bitcoin ATM wrecked only two weeks after it was ...Daily Mail
Chicago Business Journal -CoinTelegraph
all 21 news articles »

Posted on 29 July 2014 | 2:32 pm

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To Dream Of Bitcoin

Ancient Greek philosophers learned the importance of dreams: that dreams tied into our reality somehow, but notably that we must first dream of something before we can make it reality. Man told stories and dreamed of flying to the moon, and then with dreams created for generation after generation, we achieved it. Marked by Neil Armstrong’s famous words “That’s one small step for man, one giant leap for mankind.” Bitcoin was a dream, the want and need for change, born from a desire burning in everyone. For if what Bitcoin brings and promises was not what we all desired, then surely, for whatever our reasons, we would not be drawn to it as we are. For many of us the start […]

The post To Dream Of Bitcoin appeared first on Bitcoin Magazine.

Posted on 29 July 2014 | 1:40 pm

Dutch easyHotel Franchisee Accepts Bitcoin for Room Reservations

A franchisee for the popular European hotel chain is now taking payments in digital currency.

Posted on 29 July 2014 | 1:15 pm

Bitcoin Payment Protocol Explained

What do you do with bitcoin? Why, you spend it of course! Or more precisely you pay for something or some service using it. The specific process to pay using bitcoin is called the Bitcoin Payment Protocol and it is codified in a document called BIP70.  A BIP is a Bitcoin Improvement Proposal and is one of the mechanisms used by the Bitcoin “core developers” to improve Bitcoin.  There are all sorts of BIPS on lots of great topics but let’s not get diverted. Go to: https://github.com/bitcoin/bips/  and check them out yourself. Now back to BIP70 the payment protocol. The description is at: https://github.com/bitcoin/bips/blob/master/bip-0070.mediawiki and is the basis for the technical content  of this article. The abstract of the payment […]

The post Bitcoin Payment Protocol Explained appeared first on Bitcoin Magazine.

Posted on 29 July 2014 | 5:51 am

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

Bitcoincharts and SSL

Posted on 4 March 2014 | 2:21 pm

Mt.Gox Statement

Posted on 3 March 2014 | 3:44 am

Mt.Gox Bankcrupty Protection

Posted on 28 February 2014 | 8:39 am

Added Bitcoin Central to bitcoincharts.com

Posted on 26 February 2014 | 3:21 pm

Problem with transactions

Posted on 10 February 2014 | 6:07 am

Washington Dispensary Now Takes Bitcoin for Cannabis

Posted on 7 February 2014 | 5:39 am

C.A.T. Cryptsy Auto Trader Prints Money All Day Long!

If you’re like me, you know nothing about daytrading. While I was always interested in it, I lacked the time of day to learn about it, and didn’t have much

The post C.A.T. Cryptsy Auto Trader Prints Money All Day Long! appeared first on Bitcoin Blogger.

Posted on 14 January 2014 | 7:53 pm

‘Almost Human’, A Fox Network Show, Has Shown Bitcoin In The Future

Readers! I present to you two video clips from two separate episodes of ‘Almost Human’, Fox’s newest sci-fi show. To quote Jesús Cripto of CCN: Anyways, it’s likely you haven’t heard

The post ‘Almost Human’, A Fox Network Show, Has Shown Bitcoin In The Future appeared first on Bitcoin Blogger.

Posted on 7 January 2014 | 4:01 pm

Bitcoin In The Beltway: Washington D.C. Bitcoin Conference June 20th-22nd

Bitcoin conventions and conferences are a great way for locals to network and hear motivating words from industry leaders.  More and more Bitcoin Conferences are happening each and every year

The post Bitcoin In The Beltway: Washington D.C. Bitcoin Conference June 20th-22nd appeared first on Bitcoin Blogger.

Posted on 6 January 2014 | 2:50 pm

Bitcoin is no Dinosaur, Doomed to be Extinct, it’s Something Else Entirely

In Stephen Mihm’s latest article in the Bloomberg Opinion section, he calls Bitcoin, in the title of the article no less, a “High-Tech Dinosaur Soon to Be Extinct”. Well, to

The post Bitcoin is no Dinosaur, Doomed to be Extinct, it’s Something Else Entirely appeared first on Bitcoin Blogger.

Posted on 2 January 2014 | 8:59 am

Incentives, Make-Believe Money, and Pretend-to-be-a-day-trader Day

I worry sometimes, folks. Usually about things other than Bitcoin, because it needs time to mature and make its own mistakes. But still, sometimes I worry about it. My biggest

The post Incentives, Make-Believe Money, and Pretend-to-be-a-day-trader Day appeared first on Bitcoin Blogger.

Posted on 23 December 2013 | 7:04 pm

Major Chinese BTC Exchange OKCoin Facing Allegations

OKCoin, touted as the second biggest Chinese exchange, second only to BTC China in volume, is being accused of trading with fake data. Following the ruling that Chinese banks and

The post Major Chinese BTC Exchange OKCoin Facing Allegations appeared first on Bitcoin Blogger.

Posted on 23 December 2013 | 2:23 am

Alleged Silk Road Administrators Arrested in Virigina, Australia, and Ireland

TechCrunch reported on rumors of arrests of some Silk Road administrators earlier this week, and those rumors have been confirmed. According to an official announcement  from the Southern District of

The post Alleged Silk Road Administrators Arrested in Virigina, Australia, and Ireland appeared first on Bitcoin Blogger.

Posted on 21 December 2013 | 10:34 pm

Bitcoin Billboards Appearing Around Los Angeles

This story first appeared in CCN. Los Angeles residents driving near the area of Robertson and Cadillac might notice a new unusual advert on the billboard at 2363 S Robertson

The post Bitcoin Billboards Appearing Around Los Angeles appeared first on Bitcoin Blogger.

Posted on 20 December 2013 | 11:45 am

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