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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

Leak Reveals Hacking Team Created Bitcoin Wallet Tracker - CoinDesk


CoinTelegraph

Leak Reveals Hacking Team Created Bitcoin Wallet Tracker
CoinDesk
Among the products listed in a slideshow prepared by CSO are computer monitoring programs that, among other capabilities, can view “cryptocurrency transactions”, naming bitcoin and litecoin specifically. The three products, which offer surveillance ...
Governments Are Using Bitcoin Account-Hacking ServicesCoinTelegraph

all 533 news articles »

Posted on 7 July 2015 | 4:04 pm

Leak Reveals Hacking Team Created Bitcoin Wallet Tracker

A notorious Italian spyware maker has developed tools for monitoring cryptocurrency software usage, according to new leaked files.

Posted on 7 July 2015 | 3:53 pm

New Genesis Mining Tool Seeks Industrial Bitcoin Mining Efficiency - CoinDesk


New Genesis Mining Tool Seeks Industrial Bitcoin Mining Efficiency
CoinDesk
"While this has improved efficiency it has also lead to new problems in the mining space. A couple of years ago, no one could have dreamed of thousands of devices mining bitcoin in a single locations and there was no software to handle a setup of this ...

Posted on 7 July 2015 | 3:34 pm

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New Genesis Mining Tool Seeks Industrial Bitcoin Mining Efficiency

Genesis Mining has launched a new web interface which will enable miners to gain greater control of their bitcoin mining operations.

Posted on 7 July 2015 | 3:21 pm

Grexit Digital Currency Long Term Solution? Co-Founder of DNotes, Alan Yong Shares His Vision.

Bitcoin Press Release: With Greece’s Prime Minister Alexis Tsipras suggesting the Greek government could issue their own digital currency – is this a viable solution? Alan Yong of DNotes explores how an established, ethical digital currency may be the most sustainable long term solution for Greece, and why digital currency enables anyone to access their money whenever they need it. “This is a very sad and tragic situation. The rich may end up losing a vacation home in a foreign country but many of the less fortunate are at risk of losing their entire life savings, while being too old to rebuild their nest egg. It is even more depressing when no viable political solutions exist to give Greece’s citizens […]

The post Grexit Digital Currency Long Term Solution? Co-Founder of DNotes, Alan Yong Shares His Vision. appeared first on Bitcoin Magazine.

Posted on 7 July 2015 | 2:39 pm

Pioneering Aten ”Black Gold” Coin to Offer New Patented Digital Wallets

Las Vegas, NV – July 6, 2015 – In the middle of August 2015, the National Aten Coin’s groundbreaking new cryptocurency, the Aten “Black Gold” Coin and its patented pending digital wallets will be available. Collaboration agreements with governmental entities in the European Union has resulted in NAC adding in additional features to the Aten “Black Gold” Coin to fulfill their requirements. All newly required features as well as beta testing will be completed prior to the new launch date. The Aten “Black Gold” Coin can be purchased through collaboration between AtenPay, SA and ANXPro, one of the globe’s most revered online trading platforms. The Aten “Black Gold” Coin will be available in all fiat currencies including, USD, EUR, HKD, […]

The post Pioneering Aten ”Black Gold” Coin to Offer New Patented Digital Wallets appeared first on Bitcoin Magazine.

Posted on 7 July 2015 | 2:38 pm

California Bill Update Eases Burden for Bitcoin Startups

A bill currently before the California Senate has been amended to include a provisional application process for early-stage bitcoin startups.

Posted on 7 July 2015 | 1:50 pm

Citigroup Is Testing Its Own Bitcoin: 'Citicoin' - Entrepreneur


Entrepreneur

Citigroup Is Testing Its Own Bitcoin: 'Citicoin'
Entrepreneur
First up is Citigroup, the New York City-based global banking giant recently revealed to the International Business Times that it is developing its own version of Bitcoin. Predictably branded 'Citicoin,' the virtual currency was coded by Citigroup's ...
Citibank Is Working On Its Own Digital Currency, CiticoinTechCrunch
Citigroup Inc (NYSE:C)'s Citibank Develops Its Own Digital CurrencyOpptrends

all 4 news articles »

Posted on 7 July 2015 | 10:44 am

Bitcoin is faltering at a bad, bad time for Greece - Business Insider


Business Insider

Bitcoin is faltering at a bad, bad time for Greece
Business Insider
As some Greeks rushed to buy Bitcoin during bank closures, the payment system, which has been trading at its highest since March, took a stumble over the weekend. It took nearly five-times longer than usual to process transactions, said Gil Luria, an ...
Amid the Greek Crisis, Bitcoin Reminds Everyone It's Not PerfectBloomberg
A Bitcoin Fund Is Born, With Teething PainsWall Street Journal
Bitcoin and the Collapse of GreeceWealth Daily
CoinTelegraph -newsBTC -CryptoCoinsNews
all 36 news articles »

Posted on 7 July 2015 | 10:42 am

Bitcoin Network Still Backlogged With Tens of Thousands of Unconfirmed Transactions, Causing Delays

Over the past 24 hours, the blockchain has been inundated with small, spam-like transactions that are large in data size, but significantly small in bitcoin value transferred. At the peak, there were more than 50,000 unconfirmed transactions waiting to be mined into a block, resulting in delays for normal transactions to be confirmed. While the network has been working to decrease this backlog — transactions are down to 31,000 at time of this article’s writing — the type of transactions that are being sent suggest this is a continuation of a stress test that has been put on the system. There have been numerous transactions hitting the network with tiny transaction values, such as 0.0001 bitcoin being sent repeatedly. While […]

The post Bitcoin Network Still Backlogged With Tens of Thousands of Unconfirmed Transactions, Causing Delays appeared first on Bitcoin Magazine.

Posted on 7 July 2015 | 10:39 am

Bitcoin could destroy the global financial system, one of world's biggest ... - The Independent


The Independent

Bitcoin could destroy the global financial system, one of world's biggest ...
The Independent
The technology underlying the cryptocurrency — the blockchain, which allows people to pay with and receive bitcoin safely — “should be considered as an invention like the steam or combustion engine”, according to an article in BNP Paribas's magazine.
One of the world's biggest banks just admitted bitcoin could destroy existing ...Business Insider
One Of World's Biggest Banks Admits Bitcoin Could Destroy Existing Finance FirmsMintpress News (blog)
BNP Paribas: Bitcoin Could Make Financial Companies RedundantCryptoCoinsNews
ForexMinute.com -Payment Week
all 13 news articles »

Posted on 7 July 2015 | 10:18 am

Reusable Payment Codes May Be the Solution to Onename’s Privacy Concerns

The confusing, user-unfriendly format of Bitcoin addresses has turned off many possible new users in the past, but Onename has been working on a solution to this ease-of-use issue for quite some time. Although the ability to link a Bitcoin address to a Onename username has been available for a while now, a newly released API will allow bitcoin users to share one easy-to-understand name with their friends and work colleagues. Privacy Concerns Remain Although Onename allows users to map their username to a static Bitcoin address, there are a few issues with the current setup. Reusing addresses is known to be bad for privacy in Bitcoin, and not many knowledgeable bitcoin users want to move to a system that […]

The post Reusable Payment Codes May Be the Solution to Onename’s Privacy Concerns appeared first on Bitcoin Magazine.

Posted on 7 July 2015 | 9:58 am

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Bitwage Introduces Bitwage Cloud Savings, Implements Bitreserve Connect

Bitwage, an automated international bitcoin payroll platform has partnered with bitcoin cloud-based financial service provider Bitreserve, to implement its newly developed platform called Bitreserve Connect and developed a new product called Bitwage Cloud Savings. Bitreserve Connect, which was launched on June 16 at MoneyConf in Belfast, is a cloud-based bitcoin/money platform which allows businesses to: Hold, send and convert money instantly — and for free — to anyone Incorporate Bitreserve’s best-in-class anti-money laundering (AML) and know-your-customer (KYC) security and information infrastructure to ensure businesses meet regulatory requirements. Conduct completely transparent transactions, where all money held, sent and converted can be traced in real-time; Secure and protect customer deposits with one-to-one reserve backing. Bitwage is one of the first four financial […]

The post Bitwage Introduces Bitwage Cloud Savings, Implements Bitreserve Connect appeared first on Bitcoin Magazine.

Posted on 7 July 2015 | 9:58 am

Equity Crowdfunding Platform Bnk to the Future Passes the $10 Million Invested Mark

In June, Bitcoin Magazine reported that Bitcoin investment fund Bitcoin Capital raised more than $1 million on the equity crowdfunding platform Bnk To The Future. Bitcoin Capital, a high-risk, high-return fund, is run by renowned financial journalist Max Keiser and Simon Dixon, co-founder of Bnk To The Future, an online investment website for crowdfunding small businesses mainly focused on financial innovation. They have now launched a second tranche for $5 million to invest further in the sector. A recent Bnk To The Future press release titled “$10 million for Bitcoin and Financial Innovation, while banks scramble to adjust” reveals that, while the banks are trying to get their heads around the blockchain, Bnk To The Future relaunched its brand new platform […]

The post Equity Crowdfunding Platform Bnk to the Future Passes the $10 Million Invested Mark appeared first on Bitcoin Magazine.

Posted on 7 July 2015 | 9:41 am

Event Challenges Lack of Bitcoin Awareness in Post-Gox Japan

Digital currencies are still relatively unknown in Japan. This week, one of the country's pioneering VC firms aims to change that.

Posted on 7 July 2015 | 9:20 am

Bitcoin's Value Isn't Currency, It's Technology - Forbes


Forbes

Bitcoin's Value Isn't Currency, It's Technology
Forbes
New bitcoins are currently being created at the rate of 8 percent or so annually, a rate which will decline over time, and there will never be more than 21 million outstanding. As long as people are willing to exchange dollars for works of art, an art ...

Posted on 7 July 2015 | 8:49 am

What you need to know about Bitcoin - The Verge


What you need to know about Bitcoin
The Verge
Will bitcoin make me rich? That was my first question about Bitcoin when I heard the term years ago. I didn't know a thing about cryptocurrency, or why or how a bitcoin might be used, but it sounded like an internet gold rush. I never invested in ...
NYSE, Goldman Sachs, and Fortress Remain Invested in BitcoinnewsBTC

all 2 news articles »

Posted on 7 July 2015 | 8:38 am

Bitcoin Poker Boss Pleads Guilty to Nevada Gaming Charge

The former operator of a bitcoin poker site has plead guilty to one count of operating an unlicensed gambling site in the state of Nevada, reports say. Having avoided a maximum sentence of 10 years in prison, Bryan Micon, who ran the now-defunct Seals with Clubs, will have to pay a $25,000 fine and serve a probation term, VegasInc reports. […]

Posted on 7 July 2015 | 5:23 am

BitX Launches Bitcoin Services in Nigeria

Emerging markets-focused bitcoin services provider BitX has launched services in Nigeria.

Posted on 7 July 2015 | 12:00 am

Double Spending Risk Remains After July 4th Bitcoin Fork

A fork in the bitcoin network has raised issues regarding how key participants in the payment network process and confirm transactions.

Posted on 6 July 2015 | 1:05 pm

Why it makes sense for Reddit to decentralize, a la bitcoin - Engadget


Engadget

Why it makes sense for Reddit to decentralize, a la bitcoin
Engadget
Imagine a version of Reddit that's fully peer-to-peer like BitTorrent, and which relies on small bitcoin transactions to function. That's something the company was actually considering last year, according to Ryan Charles, Reddit's former ...
Fred Wilson: The Next Reddit Will Likely Be Built on the Bitcoin BlockchainRe/code
Reddit in revolt: Site could be rebuilt on bitcoin tech blockchain to end ...International Business Times UK
Fred Wilson Says the Next Reddit Will Be Built on the Bitcoin BlockchainCoinTelegraph
CryptoCoinsNews -Businessinsider India
all 18 news articles »

Posted on 6 July 2015 | 11:31 am

The Greeks Vote NO, Setting Stage for Possible Parallel Currency and Eurozone Exit

Greek voters have issued a surprisingly loud and clear statement of support to Greek Prime Minister Alexis Tsipras, and defiance to European authorities and the International Monetary Fund. In the referendum celebrated Sunday, an overwhelming majority of more than 61 percent of Greeks, with an impressive 22 percent lead over the 39 percent of Greeks who voted yes, have said no to the bailout deal proposed by the country’s creditors. Opinion polls before the referendum showed the difference between the Yes and No camps as too close to call, and therefore the strong majority won by Tsipras comes as a shock to many observers. The European authorities should consider the results of the referendum a wake-up call – the Greeks […]

The post The Greeks Vote NO, Setting Stage for Possible Parallel Currency and Eurozone Exit appeared first on Bitcoin Magazine.

Posted on 6 July 2015 | 9:15 am

Coinbase Positioned to Grow Bitcoin Presence in Australia after Investment by Westpac

Following the strategic investment of Westpac Banking Corporation’s venture capital firm Reinventure earlier this year, Coinbase co-founder Fred Ehrsam announced that the company has set its plans to a potential expansion to Australia, and is currently trying to educate the local regulators on the benefits of bitcoin. Coinbase’s Series C funding round, participated in by Westpac, raised $75 million USD in January 2015, from large financial organizations and venture capital firms including Spanish bank BBVA and Fortune 500 financial services group USAA. This deal marked the first investment of an Australian bank to a Bitcoin company. “We’re very excited to be working with such a great management team and look forward to helping them grow their business,” Simon Cant, co-founder […]

The post Coinbase Positioned to Grow Bitcoin Presence in Australia after Investment by Westpac appeared first on Bitcoin Magazine.

Posted on 6 July 2015 | 9:11 am

Spartan Route Offers Invoicing and Bitcoin Payment Service to Greek Businesses

Earlier this week, Greece became the first developed nation ever to default on the International Monetary Fund (IMF). Negotiations with the European Union (EU) and the IMF are stalling, and Greek voters on Sunday rejected new bailout terms. On Monday, Greece closed its banks and imposed capital controls to prevent financial chaos after the breakdown of bailout talks. Banks and ATMs are still working on a very limited basis, which makes things difficult for families and pensioners. For businesses and entrepreneurs who depend on cross-border sales and imported goods or services, the situation couldn’t be worse: They are unable to pay their suppliers abroad because cross-border bank wires are suspended, and the have only limited access to their sales income. […]

The post Spartan Route Offers Invoicing and Bitcoin Payment Service to Greek Businesses appeared first on Bitcoin Magazine.

Posted on 6 July 2015 | 9:03 am

Trustee Extends Online Deadline for Mt Gox Claimants

Customers affected by Mt Gox's insolvency have been given more time to file their online bankruptcy claims.

Posted on 6 July 2015 | 4:09 am

Review: Reveal App Channels SnapChat with a Crypto Edge

CoinDesk reviews Reveal, a new mobile social network with a built-in cryptocurrency that seeks to create an economy for attention.

Posted on 5 July 2015 | 5:00 am

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Forget Gold, Bitcoin is Backed by Time

Travis Patron argues that bitcoin is an intrinsically valuable form of money because it is regulated through time-bound algorithms.

Posted on 4 July 2015 | 4:00 am

Kleiner Perkins: Blockchain Tech Will Spawn Amazon-Sized Successes

KPCB Edge partner Anjney Midha explains why his new $4m seed-stage investment firm is bullish on the bitcoin blockchain.

Posted on 3 July 2015 | 7:19 am

Brazilian Congressman Calls for Hearing on Bitcoin Regulation

Brazilian Congressman Manoel Junior has proposed a public hearing to discuss the potential regulation of bitcoin and the blockchain.

Posted on 2 July 2015 | 12:16 pm

Coinfloor Launches Broker-Based UK Bitcoin Marketplace

London-based bitcoin exchange Coinfloor has announced the launch of a broker-based peer-to-peer marketplace.

Posted on 2 July 2015 | 4:43 am

Details of $5 Million Bitstamp Hack Revealed

Six employees of bitcoin exchange Bitstamp were targeted in a phishing attack leading up to the theft of roughly $5m in bitcoin, an unconfirmed report claims.

Posted on 1 July 2015 | 3:45 pm

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

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 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

July 8, 2015 -
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