Bitcoin Latest News
Lawsky's Last Bitcoin Licensing PlayPYMNTS.com
New York is on the verge of getting new licensing rules governing commercial use of virtual currencies including bitcoin
. As Benjamin M. Lawsky steps down next month as head of the New York State Department of Financial Services (NYDFS), he will unveil ...and more »
Posted on 25 May 2015 | 5:18 am
Posted on 25 May 2015 | 4:50 am
Wall Street Journal (blog)
Indonesians Start to Embrace BitcoinWall Street Journal (blog)
Indonesians are increasingly embracing the digital currency known as bitcoin
as a payment solution for online transactions and to send and receive money, despite some known flaws. The cryptocurrency's price fluctuate dramatically, for instance, and ...
Posted on 24 May 2015 | 10:44 pm
Posted on 24 May 2015 | 4:51 pm
Posted on 24 May 2015 | 8:02 am
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
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
Posted on 23 May 2015 | 7:01 am
Will the New UK Government Create a Bitcoin Hub?CoinDesk
Last week in the United Kingdom, the Conservative Party was re-elected into power. This article explores what their plans to regulate bitcoin
might look like and whether they are capable of creating a bitcoin
hub in the UK. The last government unveiled ...
Posted on 23 May 2015 | 5:09 am
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
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
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
CoinDesk has rounded up today's Bitcoin Pizza Day's celebrations from across the world.
Posted on 22 May 2015 | 11:09 am
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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 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
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This is a guest post by Joe Ciccolo, DCC Member and CEO of BitAML. Background The Ripple Labs settlement agreement, the first civil enforcement action brought against a digital currency exchange, demonstrates the perils of piecemeal AML compliance and delayed implementation. Last week, Ripple Labs, the popular payment system, currency exchange and remittance network, reached a settlement with FinCEN and the US DOJ in which it acknowledged AML compliance violations and agreed to fines in excess of $1.1 million. And that’s just the beginning. (More on the true financial and operational cost to Ripple Labs in a moment.) So what happened? And how can we learn from this enforcement action? Analysis When Ripple Labs began blazing its trail in the world […]
The post An Analysis of the Ripple Labs FinCEN Enforcement Action appeared first on Bitcoin Magazine.
Posted on 4 December 0001 | 5:00 pm