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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

Barclays to become first UK high street bank to accept bitcoin - Daily Mail


Daily Mail

Barclays to become first UK high street bank to accept bitcoin
Daily Mail
It plans to allow people to make charity donations using the virtual currency by going into partnership with a 'bitcoin exchange'. Such spending platforms are essentially a way of allowing transactions to be carried out instantaneously without a bank ...
UK Banking Giant Barclays to Allow Charities to Accept BitcoinCoinDesk
Barclays to set bitcoin rollingThe Sunday Times
Barclays to Enable Charity Organizations Accept Bitcoin PaymentsForexMinute.com
Hindu Business Line
all 7 news articles »

Posted on 30 August 2015 | 1:10 pm

UK Banking Giant Barclays to Allow Charities to Accept Bitcoin

Barclays has revealed it will be pursuing a new partnership with an unnamed bitcoin exchange to help charities accept digital currency.

Posted on 30 August 2015 | 11:47 am

Gyft Co-Founder: Credit Card Spending Now Outpacing Bitcoin - CoinDesk


CoinDesk

Gyft Co-Founder: Credit Card Spending Now Outpacing Bitcoin
CoinDesk
When digital card platform Gyft first integrated bitcoin payments, they accounted for 90% of the company's sales, with PayPal and credit cards making up the remaining 10%, but this has all changed, according to the firm's co-founder and CEO Vinny Lingham.

Posted on 30 August 2015 | 11:37 am

Need of the Hour — Universal Bitcoin Regulations - newsBTC


Albany Times Union

Need of the Hour — Universal Bitcoin Regulations
newsBTC
Bitcoin regulations, is it good or bad? Well, the debate continues. The government and central bank say it is necessary to protect the interests of the nation and its citizens while a part of bitcoin community begs to differ. According to bitcoin ...
Virtual currency, real-world rulesAlbany Times Union

all 2 news articles »

Posted on 30 August 2015 | 9:36 am

Advertise with Anonymous Ads

BitPay: 'Silicon Valley is Becoming a Bitcoin Hub' - CoinTelegraph


CoinTelegraph

BitPay: 'Silicon Valley is Becoming a Bitcoin Hub'
CoinTelegraph
Bitpay Chief Commercial Officer Sonny Singh, whose responsibility is to bring bitcoin to the masses and to small businesses worldwide, led a discussion about bitcoin, the importance of the block chain technology to banks, the rapid growth in VC ...

Posted on 30 August 2015 | 8:37 am

Gyft Co-Founder: Credit Card Spending Now Outpacing Bitcoin

Vinny Lingham, Gyft co-founder and CEO, explains how bitcoin payments on his digital card platform have decreased.

Posted on 30 August 2015 | 8:00 am

Bitmain Announces Launch of Next-Generation Antminer S7 Bitcoin Miner

Bitmain, the Bitcoin mining ASIC provider, Sunday announced the release of its next-generation Bitcoin miner, the Antminer S7, using the recently announced BM1385 ASIC. The company argues that “this machine is not only our most efficient ever, using less than half the energy per gigahash of the S5, but it is also our most powerful miner to enter mass production.” It had released the S5+ in limited supply, which offers nearly 3,000 more GH/s than the announced S7. “It’s true that the S5+ had a greater overall hashrate, but the S7 squeezes more juice from a smaller, more power efficient package,” said Jake Smith, Bitmain’s head of North America, in an interview with Bitcoin Magazine. “When comparing hashrate to weight, […]

The post Bitmain Announces Launch of Next-Generation Antminer S7 Bitcoin Miner appeared first on Bitcoin Magazine.

Posted on 30 August 2015 | 7:08 am

Bitmain Announces Launch of Next-Generation Antminer S7 Bitcoin Miner - Bitcoin Magazine


Bitmain Announces Launch of Next-Generation Antminer S7 Bitcoin Miner
Bitcoin Magazine
Bitmain, the Bitcoin mining ASIC provider, Sunday announced the release of its next-generation Bitcoin miner, the Antminer S7, using the recently announced BM1385 ASIC. The company argues that “this machine is not only our most efficient ever, using ...

Posted on 30 August 2015 | 7:06 am

Bitcoin Community Shows Uneasiness Over Block Size Debate, According To CCN Survey - CryptoCoinsNews


CryptoCoinsNews

Bitcoin Community Shows Uneasiness Over Block Size Debate, According To CCN Survey
CryptoCoinsNews
CCN reached out to the Bitcoin Community via various sources, including Reddit, BitcoinTalk, and our own contacts, in order to gauge the sentiment of the Bitcoin Community in survey form. Included are our answers. Of the more than 130 people who took ...

Posted on 30 August 2015 | 6:30 am

What Does the University of Maryland's Bitcoin Research Lab Do? - newsBTC


newsBTC

What Does the University of Maryland's Bitcoin Research Lab Do?
newsBTC
Those of us who have been closely following the happenings in bitcoin and cryptocurrency industry have heard about National Science Foundation's recent grant to three top universities in the United States for research on cryptocurrencies. University of ...

Posted on 30 August 2015 | 6:01 am

Andreas Antonopoulos Thinks Bitcoin ATMs Need to Be Completely Redesigned

Mastering Bitcoin Author Andreas Antonopoulos recently gave at talk at Harvard’s i-lab, spending much of his time in front of a small audience describing the various issues with Bitcoin as a brand. He noted many problems with the terminology used in Bitcoin, and he also focused on specific products or services in the Bitcoin space that seem to be doing a disservice to potential users. At one point during the presentation, Antonopoulos turned his attention to Bitcoin ATMs, asking the audience how many of them had used one of the machines in the past. While a few people raised their hands, those hands went down when Antonopoulos then asked how many of them enjoyed their experience with the Bitcoin ATM. […]

The post Andreas Antonopoulos Thinks Bitcoin ATMs Need to Be Completely Redesigned appeared first on Bitcoin Magazine.

Posted on 29 August 2015 | 9:30 am

Blockchain Tech Could Save Global Business $550 Billion Per Year

Jeremy Almond, CEO of payments-as-a-service platform PayStand, examines whether blockchain technology can rescue the last bastion of analog payments.

Posted on 29 August 2015 | 4:00 am

Bitcoin in the Headlines: Kingpins and Dark Markets

CoinDesk looks at the top headlines from the last week including prominent pieces from Rolling Stone and The New Yorker.

Posted on 28 August 2015 | 1:01 pm

Bitcoin Technology Piques Interest on Wall St. - New York Times


New York Times

Bitcoin Technology Piques Interest on Wall St.
New York Times
Most people still think of Bitcoin as the virtual currency used by drug dealers and shadowy hackers looking to evade the authorities. But the innovations that helped turn Bitcoin into the most popular virtual currency are now being viewed as a ...
“Blockchain Technology” Is Bringing Bitcoin to the MainstreamInside Bitcoins
An Analysis of the Recent Bitcoin MarketInvesting.com

all 4 news articles »

Posted on 28 August 2015 | 12:53 pm

CardCash Adds Bitcoin Payments for Gift Cards at Thousands of US Retail Stores

CardCash, an American online company that buys and sells discounted gift cards from thousands of national retailers, has begun to accept bitcoin payments. CardCash joins companies like Gyft and Fold that provide ways for Bitcoin users to interact with the massive gift card industry. “We saw that bitcoin was getting a lot of traction and growing in legitimacy,” CardCash CEO Elliot Bohm said in an interview with Bitcoin Magazine, “but it was slow in getting acceptance in popular brands.” He pointed out that while consumers could use bitcoin to shop at Overstock and Dell, they couldn’t spend their bitcoin at Macy’s, for example. “We can easily be the bridge,” said Bohm. “People can use bitcoin and save money at the same time.” […]

The post CardCash Adds Bitcoin Payments for Gift Cards at Thousands of US Retail Stores appeared first on Bitcoin Magazine.

Posted on 28 August 2015 | 9:28 am

Investors Weigh Bitcoin’s Prospects as Fear Levels Rise Across Global Markets

As weak economic data from China hit asset prices globally, Bitcoin Magazine spoke to a number of experts to assess the impact on the price of bitcoin. Since its introduction in 2009, soon after the outbreak of the Great Recession, bitcoin has been championed as a more reliable store of long-term value than fiat money given bitcoin’s capped supply and the continued printing of fiat currencies by various central banks, which many fear will continue to cause financial crises across the globe. However as the CBOE Volatility Index (VIX), often referred to as the ‘Fear Index’, recently trebled from 13.02 to 40.74, and global markets posted their worst week of the year, the U.S. dollar price of a bitcoin fell […]

The post Investors Weigh Bitcoin’s Prospects as Fear Levels Rise Across Global Markets appeared first on Bitcoin Magazine.

Posted on 28 August 2015 | 9:27 am

Bitcoin Businesses Take Steps to Prepare for CoinWallet’s September Stress Test

CoinWallet.eu, the U.K.-based Bitcoin mining and wallet business has said it will be running another “stress test” in early September to test the Bitcoin network, according to International Business Times. The company told the international journal that this round of “test” or “spam” attacks “will likely render most standard wallet software worthless and create nearly a 30-day backlog” in the system. Bitcoin Magazine reached out to CoinWallet to learn more about the company’s plans but received no response by time of publication. Stress Test will hammer the Bitcoin network Much like its previous stress test in early July of this year, CoinWallet’s so-called “dust attack” will flood the network with thousands of small, spam-like bitcoin transactions that are large in data but […]

The post Bitcoin Businesses Take Steps to Prepare for CoinWallet’s September Stress Test appeared first on Bitcoin Magazine.

Posted on 28 August 2015 | 8:43 am

USAA: Bitcoin and Blockchain Are FinTech Game-Changers

Vic Pascucci, current USAA head of corporate development, speaks to CoinDesk about his firm's interest in bitcoin and blockchain thechnology.

Posted on 28 August 2015 | 8:24 am

The Looming Problem That Could Kill Bitcoin - MIT Technology Review


MIT Technology Review

The Looming Problem That Could Kill Bitcoin
MIT Technology Review
The way things are going, the digital currency Bitcoin will start to malfunction early next year. Transactions will become increasingly delayed, and the system of money now worth $3.3 billion will begin to die as its flakiness drives people away. So ...
Bitcoin Block Battle: Top Corporations Support BIP 101 as Debate Rages OnCoinTelegraph
A Closer Look at BIP100: The Block Size Proposal Bitcoin Miners are Rallying ...Bitcoin Magazine
BitcoinXT: Evolution or Revolution?Inside Bitcoins
Acton Institute (blog) -The Register
all 13 news articles »

Posted on 28 August 2015 | 8:17 am

ChangeTip Users Can Now Turn Bitcoin Tips into Gift Cards

ChangeTip users can now withdraw bitcoin from the platform in the form of gift cards, thanks to an integration with Gyft this week.

Posted on 28 August 2015 | 4:36 am

Sentencing Looms for Teen Who Promoted ISIL Bitcoin Donations

A Virginia teenager who offered online advice on how to use bitcoin to fund terrorist group ISIL is to be sentenced today.

Posted on 28 August 2015 | 3:36 am

Blockstack.io on Wall Street's Budding Blockchain Interest

CoinDesk profiles Blockstack, one of a new wave of blockchain firms seeking to partner with financial firms on initiatives involving the technology.

Posted on 27 August 2015 | 3:42 pm

Research Examines Blockchain Securities Under US Commercial Law

Cryptosecurities may not be subject to commercial transactions law under the US Uniform Commercial Code (UCC), according to new research.

Posted on 27 August 2015 | 12:45 pm

Case Announces September 21 Shipping Date for Bitcoin Hardware Wallets

Bitcoin wallet manufacturer Case Inc. has concluded the final phase of testing and announced that the company will begin shipping its hardware wallets on September 21. “Appropriation of parts is complete and the manufacturing process is nearing its end. Everyone at Case is eager to get our device in the hands of our customers who have patiently waited for their bitcoin wallets,” Case announced on its website. “Providing a secure, easy-to-use bitcoin experience around the world has been our mission from the beginning and we’re excited to finally deliver on that.” The Case team launched its hardware wallets at TechCrunch NY on June 24 and raised $1.5 million in an equity seed funding round led by FuturePerfect Ventures, participated in […]

The post Case Announces September 21 Shipping Date for Bitcoin Hardware Wallets appeared first on Bitcoin Magazine.

Posted on 27 August 2015 | 10:04 am

Leading Bitcoin Startups Integrate Vogogo’s Risk Management Platform

This week, Vogogo announced in its second-quarter financial statements that leading Bitcoin companies, including BitPay, ChangeTip, Genesis Global Trading and Zinger, have integrated Vogogo’s risk management/compliance products onto their platforms. Vogogo’s services include customer verification, anti-money laundering and counter-terrorism finance compliance reporting, payment and rules engine and fraud mitigation. Global bitcoin payment services provider BitPay has integrated Vogogo’s AML-CTF global compliance, which validates users against global watch lists and protects the platform from money laundering attempts with advanced analytics and decision-making technology. “We are seeing significant interest in our risk-management services and payment services from alternative markets,” said Vogogo CEO Geoff Gordon. “Capturing those opportunities will help us drive revenue while we continue to move forward with our plan to […]

The post Leading Bitcoin Startups Integrate Vogogo’s Risk Management Platform appeared first on Bitcoin Magazine.

Posted on 27 August 2015 | 9:15 am

Princeton University and Coursera Launch Free Online Course on Bitcoin and Cryptocurrencies

A Princeton University free online course on “Bitcoin and Cryptocurrency Technologies” will be offered by Coursera beginning September 4, 2015. Coursera is an online education platform for Massive Open Online Courses (MOOCs), which partners with top universities and organizations worldwide, to offer courses online for anyone to take for free. MOOCs give anyone, anywhere, the possibility to acquire a world-class education.  Courses include video lectures, exercises and online interaction with teachers and other students. Some courses offer certification as well. The Princeton Bitcoin course will last six weeks, with the last lecture on November 1, 2015, but students also will be able to follow the video lectures after that date. That’s part of the appeal of MOOCs –students who prefer […]

The post Princeton University and Coursera Launch Free Online Course on Bitcoin and Cryptocurrencies appeared first on Bitcoin Magazine.

Posted on 27 August 2015 | 9:10 am

BTCChina Support Gives BIP 100 Bitcoin Hashrate Majority

BTCChina has backed Jeff Garzik's block size scaling solution, giving BIP 100 a majority of the network's hashing power.

Posted on 27 August 2015 | 7:03 am

BitFury Backs BIP 100 Blocksize Proposal

BitFury – the best-capitalised mining firm in bitcoin – has waded into the block size debate, stating it must be resolved by consensus.

Posted on 27 August 2015 | 6:14 am

Commonwealth Governments Urged to Regulate Bitcoin

Commonwealth governments should regulate bitcoin, according to the Commonwealth's Virtual Currencies Working Group.

Posted on 27 August 2015 | 5:20 am

Overstock's tØ Acquires Broker Firm for Wall Street Disruption

Overstock's crypto subsidiary tØ has acquired Wall Street firm SpeedRoute, a move CEO Joseph Cammarata termed a "quantum leap" for securities trading.

Posted on 27 August 2015 | 3:47 am

Bitcoin Stock Scam Targets WhatsApp Users

A penny stock tied to a little-known bitcoin company and a slew of WhatsApp spam messages were at the heart of a pump-and-dump scheme last week.

Posted on 26 August 2015 | 3:06 pm

Litecoin Network Experiences First Mining Reward Decline

The reward miners will receive for processing transactions on the litecoin blockchain halved yesterday, dropping from 50 LTC to 25 LTC.

Posted on 26 August 2015 | 11:59 am

Dark Market Agora Shuts Down Citing Security Threat

Agora has announced it will shut down temporarily while it explores defence mechanisms against attacks which could identify its servers and operators.

Posted on 26 August 2015 | 10:45 am

Mt Gox CEO Claims to be 'Victim' in Bitcoin Exchange Demise

Mark Karpeles, the former CEO of bankrupt bitcoin exchange Mt Gox, has denied claims he manipulated account balances while he was running the company.

Posted on 26 August 2015 | 8:10 am

Support Grows for BIP 100 Bitcoin Block Size Proposal

Support for BIP 100, the scalability fix from core developer Jeff Garzik, is growing as more miners pick sides in bitcoin's block size debate.

Posted on 26 August 2015 | 6:40 am

Major Magazine Publisher to Accept Bitcoin Payments

Posted on 18 December 2014 | 12:43 pm

Mozilla accepting Bitcoin

Posted on 20 November 2014 | 1:55 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

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-Qt v0.9.0rc3 released

Posted on 13 March 2014 | 3:21 am

Mt.Gox Statement

Posted on 3 March 2014 | 3:44 am

August 30, 2015 -
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