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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

Karpelès and the great bitcoin mystery - Financial Times


Financial Times

Karpelès and the great bitcoin mystery
Financial Times
In its heyday, Mt Gox was the world's largest bitcoin exchange. But it filed for bankruptcy last year after admitting it did not know the whereabouts of 850,000 bitcoins then valued at about $500m. The damage to the virtual currency trading community ...
Former Mt. Gox Bitcoin Exchange CEO Arrested In JapanHeadlines & Global News
Bitcoin: Mark Karpelès, MtGox's CEO, Arrested by Japanese PoliceJunior College

all 11 news articles »

Posted on 2 August 2015 | 11:13 am

United States Presidential Race and Bitcoin Credibility - newsBTC


newsBTC

United States Presidential Race and Bitcoin Credibility
newsBTC
The US presidential candidate Rick Perry seems to have won the votes of Bitcoin community by declaring his softer stance towards Bitcoin. In an interview with The New York Observer, he declared that he is in favor of relaxing regulations on bitcoin to ...

Posted on 2 August 2015 | 9:39 am

Bitcoin Will Succeed via Innovation, Not Laws (Op-Ed) - CoinTelegraph


CoinTelegraph

Bitcoin Will Succeed via Innovation, Not Laws (Op-Ed)
CoinTelegraph
Considering the varying patchwork of today's global regulatory landscape regarding cryptocurrency, Bitcoin's greatest ally will not be a judge but technological innovation that will enable it to be one step ahead of anti-competitive laws and unfriendly ...

Posted on 2 August 2015 | 6:51 am

Industry Veteran Teaches Other Escorts How to Use Bitcoin - CryptoCoinsNews


CryptoCoinsNews

Industry Veteran Teaches Other Escorts How to Use Bitcoin
CryptoCoinsNews
Liara Roux is an "exclusive San Francisco escort," of the upscale variety, and she has been impacted by the recent decision of Visa, MasterCard, and American Express to cut off Backpage.com, a place that people in her industry often solicit customers ...

Posted on 2 August 2015 | 6:17 am

Bitcoin, Cops, Dark Net and Ricin — the Breaking Bad Way - newsBTC


newsBTC

Bitcoin, Cops, Dark Net and Ricin — the Breaking Bad Way
newsBTC
Television shows are mostly works of fiction and things don't turn out the same way in real life. A Liverpool based software engineer and father of two found it out the hard way. Mohamed Ammer Ali, a software engineer by profession living in the United ...

Posted on 2 August 2015 | 6:02 am

San Diego to Havana via Airbitz — The First Bitcoin Transaction - newsBTC


newsBTC

San Diego to Havana via Airbitz — The First Bitcoin Transaction
newsBTC
Bitcoin is the digital currency of the people, irrespective of region, religion, sex or politics. The recent bitcoin transaction between the United States and Cuba has proven that bitcoin, true to its essence is indeed a global currency. The ...

Posted on 2 August 2015 | 5:09 am

United Kingdom — A Bitcoin Paradise - newsBTC


newsBTC

United Kingdom — A Bitcoin Paradise
newsBTC
Different states in the United States of America have different stances against Bitcoin and other digital currencies. While some states like Texas view Bitcoin favorably, there are others like New York which are hell-bent on making things tough for ...

and more »

Posted on 2 August 2015 | 4:04 am

MtGox Bitcoin CEO is facing fresh allegations that he misused $8.9 million in ... - Business Insider


Business Insider

MtGox Bitcoin CEO is facing fresh allegations that he misused $8.9 million in ...
Business Insider
Tokyo (AFP) - Mark Karpeles, the head of the collapsed MtGox Bitcoin exchange who was arrested in Tokyo, is facing fresh allegations that he misused $8.9 million in customers' deposits, Japanese media reported Sunday. French-born Karpeles, 30, was ...
Bitcoin case arrest doesn't end mysteryAlbany Times Union
Head of Failed Japan-Based Bitcoin Exchange Mt. Gox ArrestedNBCNews.com
MtGox bitcoin chief Mark Karpeles arrested in JapanBBC News

all 302 news articles »

Posted on 2 August 2015 | 2:04 am

Eris COO: Private and Public Blockchains Need to Co-Exist

Eris COO Preston Byrne talks misconceptions about his firm, which is among the more notable to claim the blockchain can exitst without bitcoin.

Posted on 1 August 2015 | 6:00 pm

Ashley Barr Reveals New Details about Mt.Gox Operations after Karpeles’ Arrest

As Mark Karpeles was being arrested on August 1, 2015, his former employee Ashley Barr, who operated under the name “Adam Turner,” took to Reddit to answer questions about his time at Mt.Gox. In his introduction, Barr wrote, “I was hired by Mark [Karpeles] in June 2011 to help him handle the crazy inbox at Mt.Gox during bitcoin’s initial rally. In January 2012 I was asked to become Mt.Gox’s CEO, a process which led to my dismissal in May 2012. My statement along with other ex-employees have led the Tokyo Metro Police’s arrest on embezzlement and ‘illegal manipulation of accounting.’ “We plan to eat pizza in front of Mark while he is in prison…” Barr talked openly about the work […]

The post Ashley Barr Reveals New Details about Mt.Gox Operations after Karpeles’ Arrest appeared first on Bitcoin Magazine.

Posted on 1 August 2015 | 3:47 pm

Everledger Brings Blockchain Tech to Fight Against Diamond Theft

Diamonds are forever, and now a new startup – Everledger – is making a case that diamonds are for ledgers.

Posted on 1 August 2015 | 5:30 am

Overstock Sells $5 Million Cryptobond to New York Trading Firm

US retail giant Overstock has sold $5m of a recently issued "cryptobond" to FNY Managed Accounts, a New York-based trading firm.

Posted on 31 July 2015 | 3:03 pm

Bitcoin in the Headlines: Rolling With the Punches

This week's media coverage, though interrupted by the launch of Ethereum's decentralised app network, largely scrutinised bitcoin's reputation.

Posted on 31 July 2015 | 11:41 am

Bitcoin to Ripple Gateway to Shut Down for US Users

Ripple Inc., payment gateway for hundreds of assets and digital currencies has announced the closure of btc2ripple gateway for all US residents starting September 1, 2015. Btc2ripple gateway is one of the hundreds of gateways on the Ripple Trade platform which is used to purchase or trade BTC to XRP (Ripple’s IOU). On September 1, Ripple will shut down the btc2ripple gateway for all U.S. residents, which will disallow any Americans from purchasing or depositing BTC using Ripple Trade accounts. Btc2ripple is operated by a Lithuanian company UAB SKV3, located in Vilnius.  The decision to shut down the BTC to XRP gateway was finalized by UAB SKV3, not Ripple Inc. In a statement, the btc2ripple team announced, “We are discontinuing the […]

The post Bitcoin to Ripple Gateway to Shut Down for US Users appeared first on Bitcoin Magazine.

Posted on 31 July 2015 | 11:00 am

Accenture Executives Propose Replacing Bitcoin with a Closed Blockchain

Writing on CIO Journal, a Wall Street Journal blog for corporate technology executives, Owen Jelf and Sigrid Seibold , respectively global managing director of Accenture’s capital markets practice and managing director of Accenture’s digital capital markets efforts, weigh in on the fashionable debate about the blockchain as a system vs. bitcoin as a currency. Not surprisingly, the two Accenture writers propose to do without bitcoin as a currency, but they are bullish about the potential of the blockchain in financial markets. “Blockchains present an enormous opportunity for the world’s banks and financial institutions, which have moved quickly to make investments in it,” they say. Accenture, a Fortune Global 500 company, is the world’s largest consulting firm as measured by revenues […]

The post Accenture Executives Propose Replacing Bitcoin with a Closed Blockchain appeared first on Bitcoin Magazine.

Posted on 31 July 2015 | 10:48 am

New Ethereum Foundation Executive Director and Board Members Signal a Reboot for Ethereum

One of the strengths of Ethereum is its decentralized nature, giving it a wider, more stable base. There are Ethereum project teams in different parts of the world, including Amsterdam, Berlin, Switzerland and Brazil. (For example, Geth was deployed by the Amsterdam team while Eth was produced by the Berlin team.) If there is a center to Ethereum, it would be in the beautiful town of Zug, Switzerland, home of the Ethereum Foundation that oversees the project’s finances, manages the funds raised in the Ether sale and determines the long-term vision and direction of Ethereum. Stephan Tual, chief communications officer for the Ethereum project, told Bitcoin Magazine that the new executive director and board members represent a fresh start, a […]

The post New Ethereum Foundation Executive Director and Board Members Signal a Reboot for Ethereum appeared first on Bitcoin Magazine.

Posted on 31 July 2015 | 10:37 am

Microsoft's Bing Launches Bitcoin Rewards Sweepstakes

A new partnership between Bing Rewards and startup Tango Card will let users of the search engine receive rewards in bitcoin.

Posted on 31 July 2015 | 8:20 am

You May Soon Get Bitcoin-Bought Cannabis Delivered by Drone

A company near San Fransisco has come up with a novel way to deliver bitcoin-purchased marijuana, via drone.

Posted on 31 July 2015 | 3:49 am

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

Kaspersky Data Shows Bitcoin Malware Attacks Declining in 2015

A new report from Kaspersky Lab shows that developers continue to target users with malware geared toward illicitly generating or stealing bitcoins.

Posted on 30 July 2015 | 12:51 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

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

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

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

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

Lawsky: New Consulting Firm Can't Advise on BitLicense

Former New York State Department of Financial Services (NYDFS) superintendent Benjamin M Lawsky has said he won't advise on the BitLicense.

Posted on 28 July 2015 | 1:14 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

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

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

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

August 2, 2015 -
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