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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

Swedish Bitcoin Firm Enters Court Battle to Protect Customer Data

A Swedish bitcoin brokerage has gone to court with the country’s tax authority to prevent an audit of its customer information.

Posted on 26 March 2015 | 12:20 pm

BitBeat: Plug and Play Builds a Bridge Between Bitcoin, Wall Street - Wall Street Journal (blog)


BitBeat: Plug and Play Builds a Bridge Between Bitcoin, Wall Street
Wall Street Journal (blog)
Bitcoin and Wall Street have been like two hostile cultures, each warily eyeing the other. But attitudes are changing as the sides get to know each other, and nowhere are the emissaries of those worlds working together more directly than at Silicon ...

Posted on 26 March 2015 | 11:52 am

Bitcoin Value In The Middle Of Year's Trading Range - CryptoCoinsNews


CryptoCoinsNews

Bitcoin Value In The Middle Of Year's Trading Range
CryptoCoinsNews
Bitcoin value (price) has made an intra-day high at $254 (Bitfinex) and 1580 CNY (BTC-China). This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code ...

Posted on 26 March 2015 | 10:59 am

Designers Compete to Create Global Cryptocurrency Brand

Many people know the symbol of Bitcoin. Many people might know the symbol of Litecoin. Even fewer know the symbol of a Dogecoin. There are hundreds of cryptocurrencies that have been developed, but what’s the symbol for “cryptocurrency?” Brand Me Crypto, a design contest sponsored by Vogogo and Cryptsy, is hoping that one concise brand can be created that will epitomize the true brand of cryptocurrency. “I found myself and our designers struggling to visually articulate cryptocurrency as a whole without inundating our designs with 5+ more coins just to communicate the overarching cryptocurrency conversation and message,” said Chantel Meeley, head of marketing and creative at Vogogo. But it wasn’t as simple as just hiring a design firm to come […]

The post Designers Compete to Create Global Cryptocurrency Brand appeared first on Bitcoin Magazine.

Posted on 26 March 2015 | 10:42 am

Could the Bitcoin Lightning Network Solve Blockchain Scalability? - CoinDesk


CoinDesk

Could the Bitcoin Lightning Network Solve Blockchain Scalability?
CoinDesk
Initial challenges included the realisation that the solution required the implementation of a soft-fork; a change to the bitcoin protocol that serves to invalidate pervious blocks and transactions, although the old nodes still recognise the new blocks ...
How Bitcoin Can Change The WorldInvestopedia
Osborne gives bitcoin a vote of confidenceThe Guardian
UK Treasury Report: Government to Curb Bitcoin Transactions?newsBTC
Phys.Org -CoinTelegraph
all 16 news articles »

Posted on 26 March 2015 | 10:32 am

Could the Bitcoin Lightning Network Solve Blockchain Scalability?

Could a decentralised system where off-blockchain bitcoin transactions are sent over a network of micropayment channels solve blockchain scalability?

Posted on 26 March 2015 | 10:16 am

Another Online Marketplace Disappears, Users Lose $12000000 In Bitcoin - ValueWalk


ValueWalk

Another Online Marketplace Disappears, Users Lose $12000000 In Bitcoin
ValueWalk
Operators of Evolution Market, a so called “darknet” site specializing in illicit drugs, turned off the servers last week. About $12,000,000 in customer bitcoin vanished along with the website. A note, purportedly from the owner (and including lots of ...

Posted on 26 March 2015 | 9:27 am

First Plug-in Node Aims to Boost Bitcoin's Network Security - CoinDesk


First Plug-in Node Aims to Boost Bitcoin's Network Security
CoinDesk
As an essential component of the bitcoin network, nodes broadcast messages in order to validate and relay transactions. Unlike bitcoin miners, who are rewarded for confirming transactions, there is no financial incentive for node operators. According ...

Posted on 26 March 2015 | 8:26 am

Isle of Man Introduces Regulation for Bitcoin Businesses

Digital currency businesses will have to comply with the Isle of Man's anti-money-laundering laws from 1st April.

Posted on 26 March 2015 | 7:57 am

Libra Launches Enterprise Tax Solution; Partners with Bitpay

Staying on the right side of the taxman just got a bit easier for businesses dealing with bitcoin and other digital currencies. On Tuesday, Libra, makers of LibraTax accounting service, introduced two new products in their suite of tax-reporting services. They also announced a new partnership with Bitpay, the world’s largest bitcoin payment processor, designed to help merchants stay on top of their bitcoin-related payment transactions. Libra Business and Libra Pro LibraTax has been offering tax-reporting solutions and helping to educate accountants and tax professionals with digital currencies since early in 2014. With the addition of Libra Business and Libra Pro, both businesses and tax professionals alike can keep track of all their digital currency transactions. With regulatory bodies in […]

The post Libra Launches Enterprise Tax Solution; Partners with Bitpay appeared first on Bitcoin Magazine.

Posted on 25 March 2015 | 3:33 pm

Hong Kong Official: Bitcoin Legislation Not Necessary - CoinDesk


Hong Kong Official: Bitcoin Legislation Not Necessary
CoinDesk
A senior Hong Kong official has indicated that the government does not see a need for legislation that would regulate or ban bitcoin activities. The statement by Secretary for Financial Services and the Treasury Professor KC Chan comes in response to a ...

and more »

Posted on 25 March 2015 | 2:58 pm

Hong Kong Official: Bitcoin Legislation Not Necessary

A senior Hong Kong official has said that the government does not see a need for legislation that would regulate bitcoin.

Posted on 25 March 2015 | 2:50 pm

Sberbank-Backed FinTech Investment Fund Sees Blockchain Potential

SBT Venture Capital partner Mircea Mihaescu has suggested that the blockchain could replace the current banking system.

Posted on 25 March 2015 | 1:20 pm

I made a bet that there's an even worse investment than Bitcoin - Fusion


I made a bet that there's an even worse investment than Bitcoin
Fusion
I'm a longtime critic of Bitcoin as a store of value, and I wasn't at all surprised to see the price of Bitcoin crater in 2014. From a high of over $1,000 at the end of 2013, the value of the digital coin has fallen to less than $250 today, and is ...

Posted on 25 March 2015 | 11:57 am

First Plug-in Node Aims to Boost Bitcoin's Network Security

Bitseed has launched the first plug-in bitcoin node to encourage users to contribute to the bitcoin network, hassle-free.

Posted on 25 March 2015 | 10:36 am

CardinalCommerce Adds Bitcoin to Merchant Payments Solution

Merchants using CardinalCommerce for alternative payments processing are now able to accept bitcoin through a partnership with Bitnet.

Posted on 25 March 2015 | 8:31 am

BTCS Enters Mining Sector in a Market-Share Grab

At a time when many other bitcoin miners are shutting down because they can’t afford to continue operating based on current prices, Bitcoin Shop, rebranded as Blockchain Technology Consumer Solutions (BTCS), is moving aggressively into the mining sector in an attempt to take a large chunk of market share. “People are leaving the mining business because it is a sucker’s game,” said Charles Allen, CEO of BTCS, in an interview with Bitcoin Magazine. “But the only way to make money in the next 1-2 years is with mining.” The company is putting its money where its mouth is. It signed a partnership with Spondoolies Tech, a provider of mining hardware, to acquire a significant amount of mining equipment. Spondoolies became […]

The post BTCS Enters Mining Sector in a Market-Share Grab appeared first on Bitcoin Magazine.

Posted on 25 March 2015 | 8:11 am

Neteller Adds Bitcoin Deposit Option in Surprise Policy Reversal - CoinDesk


CoinDesk

Neteller Adds Bitcoin Deposit Option in Surprise Policy Reversal
CoinDesk
Payments processor and prepaid card provider Neteller has added a bitcoin deposit feature. A representative for Neteller confirmed the deposit feature when contacted for comment, telling CoinDesk it may be officially launched as early as tomorrow.

Posted on 25 March 2015 | 8:06 am

Coinkite Tor Release Lets Developers Bypass Bitcoin Bans

Bitcoin wallet and technology provider Coinkite has announced Bitkit, its bitcoin wallet API, is now available on Tor.

Posted on 25 March 2015 | 7:58 am

Neteller Adds Bitcoin Deposit Option in Surprise Policy Reversal

Isle of Man-based payments processor and prepaid card provider Neteller has added a bitcoin deposit feature.

Posted on 24 March 2015 | 4:57 pm

US School District Paralyzed By 500 BTC Ransomware Attack

A bitcoin ransomware attack on a New Jersey school district has grown into a investigation involving multiple federal agencies.

Posted on 24 March 2015 | 4:31 pm

Bitcoin Ponzi Scheme Operator Pleads Not Guilty to Fraud

Bitcoin Savings & Trust operator Trendon Shavers has plead not guilty to fraud charges in a New York district court.

Posted on 24 March 2015 | 2:15 pm

More Wall Street Insiders Move Into Bitcoin: Tera Group Hires Former NYSE CEO

A few weeks ago Bitcoin Magazine reported that Tera Group, which operates the first regulated U.S. Bitcoin derivatives exchange, will take a controlling stake in public company MGT Capital Investment to create the first publicly traded U.S. Bitcoin derivatives exchange. On Monday, Tera Group announced the appointment of former New York Stock Exchange (NYSE) CEO Duncan Niederauer as an advisory director. Before joining NYSE in 2007, Niederauer was managing director and co-head of the Equities Division Execution Services franchise at Goldman Sachs. “This is an excellent opportunity to contribute to the growing Tera footprint. They are a young derivatives exchange with a great management team and a strong product and sales pipeline,” said Niederauer. “I have already begun advising them […]

The post More Wall Street Insiders Move Into Bitcoin: Tera Group Hires Former NYSE CEO appeared first on Bitcoin Magazine.

Posted on 24 March 2015 | 9:55 am

A “Perfect Storm” Brewing for Bitcoin and Wall Street? Noble Markets & NASDAQ

As an asset class, Bitcoin has gained a lot of retail interest, but when it comes to the big money, institutional investors haven’t had the opportunity to really participate. But that’s not because Wall Street isn’t interested. “There is not a hedge fund or institutional investor that doesn’t have Bitcoin on their white board. They know about it, they’re thinking about it. Some even have it in their personal accounts,” explained Matthew Roszak, an investor from Tally Capital. “But in order for them to jump in the water, they need tools that they are more used to.” There is a perfect storm brewing with respect to Bitcoin and Wall Street. The Winklevoss twins intend to launch an exchange-traded fund [ETF] […]

The post A “Perfect Storm” Brewing for Bitcoin and Wall Street? Noble Markets & NASDAQ appeared first on Bitcoin Magazine.

Posted on 24 March 2015 | 9:36 am

Survey: 9% of Americans 'Puzzled' by Bitcoin Logo

A survey by The Digital Currency Council has looked into how the bitcoin brand is perceived by Americans.

Posted on 24 March 2015 | 4:28 am

Nasdaq Trading Technology to Power Bitcoin Marketplace Noble

Nasdaq has announced a first-of-its-kind partnership with bitcoin marketplace startup Noble Markets.

Posted on 23 March 2015 | 3:12 pm

Anycoin Direct Expands to 14 New European Markets

Bitcoin brokerage Anycoin Direct has added TrustPay as a new payment option, opening the company to 14 new markets in Europe.

Posted on 23 March 2015 | 1:30 pm

TeraExchange Adds Former NYSE Head as Advisor

Former New York Stock Exchange (NYSE) CEO Duncan Niederauer has joined regulated bitcoin futures exchange TeraExchange as an advisor.

Posted on 23 March 2015 | 12:36 pm

Bitreserve Expands to India and Mexico; Partners with Mexican Billionaire

Bitcoin bank Bitreserve , founded by CNET founder Halsey Minor in 2013, shields its customers from the volatility of bitcoin by instantly locking deposits to a fiat currency selected by the customer, for example the US dollar. If you make a deposit in bitcoin to Bitreserve, you don’t have to worry about volatility, because your bitcoin can be converted to dollars on-the-fly and appear as dollars in your balance. So Bitreserve users don’t lose money if the exchange rate of bitcoin goes down – if they have chosen to convert part of their holdings to, say, $1,000 USD, they will continue to have $1,000 USD in their account regardless of any fluctuations of bitcoin value. Of course, the reverse is […]

The post Bitreserve Expands to India and Mexico; Partners with Mexican Billionaire appeared first on Bitcoin Magazine.

Posted on 23 March 2015 | 9:01 am

Video: The Opening of a Bitcoin-Funded Well in Kenya

This is part 3 in a series about the BitGive Foundation’s work in Kenya. Read an introduction or a photo essay about this project. In 2014, the BitGive Foundation led a campaign in the Bitcoin community to raise $10,000 in Bitcoin to fund a water well in sub-Saharan Africa with The Water Project. The Bitcoin community rallied and surpassed the goal, raising more than $11,000.  The water well recently was completed in the western region of Kakamega, Kenya, and the BitGive Foundation was there to witness the community celebration. They wanted to capture the magic on film, and this short video serves as an initial introduction to a longer video story coming out later this year.  See how Bitcoin helped bring clean, safe […]

The post Video: The Opening of a Bitcoin-Funded Well in Kenya appeared first on Bitcoin Magazine.

Posted on 23 March 2015 | 8:59 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

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

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

March 26, 2015 -
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