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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

Mother: Mark Karpeles ‘Lacks People Skills but Was Never Dishonest’

Anne Karpeles has said the Mt. Gox CEO was a gifted child who was sometimes taken advantage of.

Posted on 21 April 2014 | 4:40 am

At Mt. Gox bitcoin hub, 'geek' CEO sought both control and escape - Reuters


Wall Street Journal

At Mt. Gox bitcoin hub, 'geek' CEO sought both control and escape
Reuters
During an online chat, Karpeles moved the equivalent of $170 million in bitcoin at today's market rates - the virtual equivalent of a bank manager flashing a wad of cash in a wallet to establish credit. The gesture - with a sly wink to the "geek ...
Tracing a Bitcoin's Exchange's Fall From the Top to ShutdownWall Street Journal
At the Center of Millions Lost in Bitcoin Exchange, Mark Karpeles Was a Manga ...Newsweek
Bitcoin boss Karpeles easily led, not dishonest: motherChicago Tribune
The Guardian
all 129 news articles »

Posted on 20 April 2014 | 7:32 pm

INSIGHT-At Mt. Gox bitcoin hub, 'geek' CEO sought both control and escape - Reuters


INSIGHT-At Mt. Gox bitcoin hub, 'geek' CEO sought both control and escape
Reuters
During an online chat, Karpeles moved the equivalent of $170 million in bitcoin at today's market rates - the virtual equivalent of a bank manager flashing a wad of cash in a wallet to establish credit. The gesture - with a sly wink to the "geek ...

Posted on 20 April 2014 | 7:26 pm

London start-up to launch new market for Bitcoin - The Independent


PCR-online.biz

London start-up to launch new market for Bitcoin
The Independent
London-based Coinfloor is setting up an over-the-counter market for Bitcoin. Mark Lamb, Coinfloor's chief executive, said: “We're seeing a lot of demand… Most of the Bitcoin liquidity is happening off books – it's a similar problem to the equities ...
Are we ready for Bitcoin?PCR-online.biz

all 2 news articles »

Posted on 20 April 2014 | 6:54 pm

A Bitcoin Boulevard in Cleveland Heights - Washington Post


Washington Post

A Bitcoin Boulevard in Cleveland Heights
Washington Post
Bitcoin may or may not be the future of money. Many are skeptical, but in the Cleveland suburb of Cleveland Heights, some businesses are ready to accept Bitcoin payments. The Cleveland Plain Dealer reports that a group of merchants in the Cedar-Lee ...

Posted on 20 April 2014 | 6:43 pm

Why bitcoin needs a marketing campaign - CNBC.com


CNBC.com

Why bitcoin needs a marketing campaign
CNBC.com
"It's hard for me to say that bitcoin is going to be the dominant virtual currency of the future," Lucas said. "If someone came up with a virtual currency that people understood and whose value did not fluctuate as much, well, then it might become the ...

Posted on 20 April 2014 | 8:12 am

Mining Roundup: Multipools, Doge on Amazon EC2 and 11GH/s USB Sticks

As the mining industry evolves, there are always new products and services hitting the market for enterprising cryptocurrency entrepreneurs.

Posted on 20 April 2014 | 6:30 am

Small Businesses Enjoy Success After Accepting Bitcoin

Despite not making many sales in bitcoin, many small businesses still view their venture into cryptocurrencies a success.

Posted on 20 April 2014 | 5:25 am

Bitcoin 2.0: Unleash The Sidechains - TechCrunch


Bitcoin 2.0: Unleash The Sidechains
TechCrunch
And Andreessen Horowitz have very visibly doubled down on Bitcoin. Even if you don't believe in Bitcoin as a currency, and I'll grant there's plenty to be skeptical about, you should be thinking: huh, a lot of extremely smart and successful people ...

Posted on 19 April 2014 | 7:06 am

Bitcoin Regulation Roundup: Legislation, Liquidation and Rumor Mill

Jason Tyra examines the most significant bitcoin news from the world’s regulators and law courts.

Posted on 19 April 2014 | 6:51 am

Bitcoin Offers Monetising Solutions for Online Publishers

As paywalls become increasingly popular, bitcoin micropayments offer a different way for companies to monetise their digital content.

Posted on 19 April 2014 | 3:57 am

Betting on the Blockchain: Sports Gambling and Bitcoin

Sports gambling in America is big business. It is also, largely, illegal. According to the National Gambling Impact Study Commission, nearly $400 billion is wagered on sports by United States citizens during a given year, with only $3.5 billion of those bets being placed at legal books in Nevada. With only one state offering legal sports betting, how is it that U.S. citizens are able to gamble so much on games? While a significant portion of illegal gambling is still done in person, the internet has allowed the popularity of the pastime to soar. Widely used sites such as Bovada and 5Dimes that are based outside of U.S. jurisdiction (Canada and Costa Rica, respectively) offer gamblers a way to get […]

The post Betting on the Blockchain: Sports Gambling and Bitcoin appeared first on Bitcoin Magazine.

Posted on 18 April 2014 | 7:47 pm

Bitcorati: A Hub For the Bitcoin Community

  A major problem with adapting Bitcoin as one’s main currency is the difficulty in making trust-less transactions. Don’t get me wrong; the technology and network behind Bitcoin aren’t the problem. It’s the disconnect between the network of people that two parties may share that can create concern. There is still an issue with making a transaction with an individual especially if they are shipping you a physical device like an electronic device where there is no certainty they are trustworthy without using a commonly trusted user or 3rd party as an escrow. There is a great solution to helping make trustworthy connections within the Bitcoin community and it’s called Bitcorati. This website aims to provide services similar to what […]

The post Bitcorati: A Hub For the Bitcoin Community appeared first on Bitcoin Magazine.

Posted on 18 April 2014 | 7:29 pm

Silicon Valley Job Fair to Match Bitcoin Professionals

The Bitcoin Job Fair in Silicon Valley is set for those seeking employment in the cryptocurrency industry.

Posted on 18 April 2014 | 2:59 pm

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Can Wearable Tech and Bitcoin Revamp Mobile Payments?

Wearable technology and bitcoin could reinvigorate the mobile payments industry, but a number of challenges need to be addressed.

Posted on 18 April 2014 | 1:30 pm

I really enjoy shopping from Overstock.com with Bitcoin

I just think it's great. I'm a member of Club "O" which only cost me $5 for a year. Free shipping on everything, and 5% back on every purchase. Usually the items I need are cheaper on Overstock than other sites. Things like electronics, home appliances, etc etc. I noticed silly things like candles are crazy expensive so I'm guessing that's where they make a lot of money. I just feel like I have similar thinkings to the founder of...

Posted on 18 April 2014 | 12:47 pm

All Things Alt: Shibe Social, Blackcoin Boom and the Twin Easter Egg

Dogecon, new GPUs and the potential future of payments – these and more in this week's All Things Alt.

Posted on 18 April 2014 | 12:05 pm

This week in bitcoin: Another creator, another MtGox failure - GigaOM


Sci-News.com

This week in bitcoin: Another creator, another MtGox failure
GigaOM
Szabo, a respected blogger, was identified as a potential creator of bitcon after a forensic linguistics study said his writing patterns had an “uncanny” likeness to that of the original bitcoin paper. The Aston University study matched a different ...
Bitcoin Creator 'Satoshi Nakamoto' Unmasked–Again?Wall Street Journal (blog)
Or maybe this is the person who invented BitcoinCBS News
Bitcoin: Linguists Name Nick Szabo as Likely Creator of CryptocurrencySci-News.com
Slate Magazine (blog) -Business Insider -Above the Law
all 40 news articles »

Posted on 18 April 2014 | 11:06 am

BitPay developers broadcast first Copay multisig transaction from Tucuman, Argentina

submitted by ryancarnated link 17 comments

Posted on 18 April 2014 | 11:00 am

LocalBitcoins Releases Investigation Report on Site Wallet Issues

Following yesterday’s statement from LocalBitcoins regarding issues with its wallet service, the website has released its follow-up investigation report. The report focused in part on claims that the site’s two-factor authentication failed to prevent a wallet breach. LocalBitcoins also addressed the cause of withdrawal delays that took place as users tried to move their bitcoins […]

Posted on 18 April 2014 | 11:00 am

Sims 2 – Million Dollar Challenge! – Finale (Part 2) – Pink

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Total Series Length: 28 Hours 21 Minutes and 27 Seconds Total Video File Sizes: 28gb Neighborhood Download: https://www.mediafire.com/?2h2z2dhzejvg22y Neighborhood File Size 44.66mb MAKE...

Posted on 18 April 2014 | 10:30 am

100 Bitcoin Bigfoot Brochures just arrived at my doorstep! ;)

submitted by micro23 link 54 comments

Posted on 18 April 2014 | 10:29 am

Money Spinners: The Good Friday Bitcoin ATM Roundup

More than a few easter eggs in our bitcoin ATM coverage as we spin around the world this week.

Posted on 18 April 2014 | 9:59 am

Cedar-Lee businesses to accept digital Bitcoin payments - Sun News


Cedar-Lee businesses to accept digital Bitcoin payments
Sun News
Sweetie Fry, Mitchell's Fine Chocolates, Shawn Paul Salon, The Tavern Company, Revive, Parnell's Pub, The BottleHouse and The Katz Club Diner all will begin accepting Bitcoin May 1, according to Cleveland Heights-based Bitcoin consultant Nikhil Chand.

Posted on 18 April 2014 | 9:59 am

The Bitcoin Word Game

How specific words and phrases are being crafted in an attempt to shape the public's perception of bitcoin.

Posted on 18 April 2014 | 9:02 am

U.S. Dollar is Going to Die | Gregory Mannarino

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IN THIS INTERVIEW: - Don't pay attention to the gold and silver markets, "this is all fake" ?1:00 - Will the stock market bubble continue? ?3:40 - What caused the bond market to sell-off?...

Posted on 18 April 2014 | 9:01 am

What Will Become of Your Bitcoins When You Die?

The Law Society is urging people to leave instructions for their intellectual property and digital media in their wills.

Posted on 18 April 2014 | 7:29 am

Everything is Starting to fall in place for Bitcoin

Written by Ivan Raszl,GM of MediaBistro, blogger at Bitcoin Owl and associate at Inside Bitcoins Conference. Originally posted at http://bitcoinowl.com/everything-starting-fall-place-bitcoin Bitcoin is a fairly new phenomena. Nobody at this stage can be sure if it will survive its infancy. But, if we look at the major issues and opportunities surrounding this new technology the signs seem to be all aligning for an exciting two years. Developing world joining Bitcoin‘s adoption in the West may be considered slow considering the advantages it offers. And there is a good reason for this. Most westerners in general do not need Bitcoin. We have a fairly good banking system and we can afford the costs associated with it. We accept the yearly $100-200 bank […]

The post Everything is Starting to fall in place for Bitcoin appeared first on Bitcoin Magazine.

Posted on 18 April 2014 | 6:57 am

/r/technology removing bitcoin censorship, losses default status

submitted by -Mahn link 62 comments

Posted on 18 April 2014 | 6:36 am

Former Neo & Bee Employees Release Damning Statement

Former employees of Neo & Bee have given their explanation on the demise of the Cyprus-based bitcoin company.

Posted on 18 April 2014 | 6:25 am

The full picture of former Neo & Bee employees

Following the latest statement released by Danny Brewster, CEO of Neo & Bee Ltd, we, the personnel involved at an executive level within Neo and Bee, feel it is appropriate and justified to make the following statement regarding the mistruths and outright lies being fed to investors, creditors and the public. In the interests of preserving the potential that the company can be turned around, we had remained silent on the matter up to this point. The senior management team would like to extend their deepest ...

Posted on 18 April 2014 | 4:14 am

Ron Paul: Bitcoin is not ‘True Money’

US Congressman Ron Paul doesn't believe bitcoin is ‘true money’, but he's still a big fan of the concept.

Posted on 18 April 2014 | 4:04 am

LocalBitcoins Names Malware As Cause of Wallet Issues

LocalBitcoins users are reporting that their wallets have been emptied and that transactions via the service have been delayed.

Posted on 17 April 2014 | 3:20 pm

Strevus Compliance Software Adds Digital Currency Support

Compliance software developer Strevus has added support for bitcoin and other cryptocurrencies to its existing compliance software service.

Posted on 17 April 2014 | 2:15 pm

Texans for Greg Abbott to Accept Bitcoin Contributions

This afternoon, Texans for Greg Abbott announced acceptance of Bitcoin for campaign donations. Greg Abbott is running as the Republican candidate in the Texas Gubernatorial race. Striving to be a cutting edge candidate, Abbott stated, “I’m excited to see our campaign add another tool to our cutting-edge digital outreach, which is allowing us to reach more Texans than any previous campaign in the state.” It is great to see that Abbott as well as other policymakers note the opportunities Bitcoin has to promote free market economics and ingenuity across the board. Abbott’s campaign will certainly not be the first to embrace Bitcoin in the 2014 election cycle. Abbott’s campaign team published the following press release: April 17, 2014 For Immediate […]

The post Texans for Greg Abbott to Accept Bitcoin Contributions appeared first on Bitcoin Magazine.

Posted on 17 April 2014 | 2:08 pm

Former US Consumer Finance Watchdog Voices Support for Bitcoin

A former US government consumer finance watchdog has come out in support of bitcoin.

Posted on 17 April 2014 | 1:25 pm

Meet Adam Draper: The Man Behind 100 Bitcoin Startups

Adam Draper, CEO of Boost VC, talks to CoinDesk about his commitment to accelerate 100 bitcoin startups by 2017.

Posted on 17 April 2014 | 12:05 pm

Survey Says: Bitcoin Magazine is Considering Categories

  Bitcoin Magazine is currently considering breaking up the magazine into categories. The motivation for this is a desire for our readers to know what section they are in without looking at the table of contents. We also want to group similar stories near each other and possibly color code our sections to assist in automaticity while navigating through the magazine. We also want these sections to reflect our readers favorite areas of interest, and hope this poll will help us as we consider using categories/sections to group magazine content. If you want to suggest a different category please enter it in the comments or email help@bitcoinmagazine.com.

The post Survey Says: Bitcoin Magazine is Considering Categories appeared first on Bitcoin Magazine.

Posted on 16 April 2014 | 12:42 pm

A Quick History of Cryptocurrencies BBTC — Before Bitcoin

This guest post by Ian Grigg is reprinted with permission from financialcryptography.com. Before Bitcoin, there was cryptocurrency. Indeed, it has a long and deep history. If only for the lessons learned, it is worth studying, and indeed, in my ABC of Bitcoin investing, I consider not knowing anything before Satoshi’s paper as a red flag. Hence, a very fast history of what came before. Early Days The first known (to me) attempt at cryptocurrencies occurred in the Netherlands, in the late 1980s, which makes it around 25 years ago or 20BBTC. In the middle of the night, the petrol stations in the remoter areas were being raided for cash, and the operators were unhappy putting guards at risk there. But […]

The post A Quick History of Cryptocurrencies BBTC — Before Bitcoin appeared first on Bitcoin Magazine.

Posted on 16 April 2014 | 10:10 am

Transaction Rights: The Necessary Product of Block Chaining

Peercoin was the first Bitcoin-based monetary system to use proof-of-stake as a mechanism to ensure its own integrity. However, there are some objections to Peercoin’s proof-of-stake model. This article presents those objections along with a similar system redesigned to address them. In a simplified version of Peercoin’s proof-of-stake design, each node can use part of its balance as a stake allowing it to chain blocks. The bigger that stake, the more chances this node has of increasing the block chain. The reward for chaining blocks is 1% of the used stake as newly minted coins, annually. Conversely, making transactions requires paying a fee that destroys 0.01 coins per transaction. For example, after having chained a block using one coin of […]

The post Transaction Rights: The Necessary Product of Block Chaining appeared first on Bitcoin Magazine.

Posted on 16 April 2014 | 10:07 am

First Bitcoin ATM Lands in Latin America

Beginning Monday, technology enthusiasts in Brazil became able to convert the Brazilian Real to Bitcoin using a Bitcoin vending machine, also known as a Bitcoin ATM. The unveiling marks the first Bitcoin ATM to be installed in Latin America, with a permanent position at a Sao Paulo bar which is already accepting Bitcoin. As the popularity of digital currency in Latin America continues, many businesses and individuals are taking advantage of the benefits that this new payment method provides. For businesses in developing countries, Bitcoin gives businesses the ability to end costly trade restrictions that decrease profits and hinder their ability to compete in the global marketplace. Bitcoin can also cut transaction fees associated with debit and credit card transactions. […]

The post First Bitcoin ATM Lands in Latin America appeared first on Bitcoin Magazine.

Posted on 16 April 2014 | 9:50 am

Bitcoin Core version 0.9.1 released

Posted on 8 April 2014 | 4:27 pm

Bitcoincharts and SSL

Posted on 4 March 2014 | 2:21 pm

Mt.Gox Statement

Posted on 3 March 2014 | 3:44 am

Mt.Gox Bankcrupty Protection

Posted on 28 February 2014 | 8:39 am

Added Bitcoin Central to bitcoincharts.com

Posted on 26 February 2014 | 3:21 pm

Problem with transactions

Posted on 10 February 2014 | 6:07 am

Washington Dispensary Now Takes Bitcoin for Cannabis

Posted on 7 February 2014 | 5:39 am

Blockchain banned from App Store

Posted on 7 February 2014 | 5:35 am

Czech ISP accepts bitcoin

Posted on 3 February 2014 | 2:58 pm

parfuemerie.de accepts Bitcoin

Posted on 1 February 2014 | 12:42 pm

Bitcoin v0.9.0rc1 released

Posted on 1 February 2014 | 12:05 pm

C.A.T. Cryptsy Auto Trader Prints Money All Day Long!

If you’re like me, you know nothing about daytrading. While I was always interested in it, I lacked the time of day to learn about it, and didn’t have much

The post C.A.T. Cryptsy Auto Trader Prints Money All Day Long! appeared first on Bitcoin Blogger.

Posted on 14 January 2014 | 7:53 pm

‘Almost Human’, A Fox Network Show, Has Shown Bitcoin In The Future

Readers! I present to you two video clips from two separate episodes of ‘Almost Human’, Fox’s newest sci-fi show. To quote Jesús Cripto of CCN: Anyways, it’s likely you haven’t heard

The post ‘Almost Human’, A Fox Network Show, Has Shown Bitcoin In The Future appeared first on Bitcoin Blogger.

Posted on 7 January 2014 | 4:01 pm

Bitcoin In The Beltway: Washington D.C. Bitcoin Conference June 20th-22nd

Bitcoin conventions and conferences are a great way for locals to network and hear motivating words from industry leaders.  More and more Bitcoin Conferences are happening each and every year

The post Bitcoin In The Beltway: Washington D.C. Bitcoin Conference June 20th-22nd appeared first on Bitcoin Blogger.

Posted on 6 January 2014 | 2:50 pm

Bitcoin is no Dinosaur, Doomed to be Extinct, it’s Something Else Entirely

In Stephen Mihm’s latest article in the Bloomberg Opinion section, he calls Bitcoin, in the title of the article no less, a “High-Tech Dinosaur Soon to Be Extinct”. Well, to

The post Bitcoin is no Dinosaur, Doomed to be Extinct, it’s Something Else Entirely appeared first on Bitcoin Blogger.

Posted on 2 January 2014 | 8:59 am

Incentives, Make-Believe Money, and Pretend-to-be-a-day-trader Day

I worry sometimes, folks. Usually about things other than Bitcoin, because it needs time to mature and make its own mistakes. But still, sometimes I worry about it. My biggest

The post Incentives, Make-Believe Money, and Pretend-to-be-a-day-trader Day appeared first on Bitcoin Blogger.

Posted on 23 December 2013 | 7:04 pm

Major Chinese BTC Exchange OKCoin Facing Allegations

OKCoin, touted as the second biggest Chinese exchange, second only to BTC China in volume, is being accused of trading with fake data. Following the ruling that Chinese banks and

The post Major Chinese BTC Exchange OKCoin Facing Allegations appeared first on Bitcoin Blogger.

Posted on 23 December 2013 | 2:23 am

Alleged Silk Road Administrators Arrested in Virigina, Australia, and Ireland

TechCrunch reported on rumors of arrests of some Silk Road administrators earlier this week, and those rumors have been confirmed. According to an official announcement  from the Southern District of

The post Alleged Silk Road Administrators Arrested in Virigina, Australia, and Ireland appeared first on Bitcoin Blogger.

Posted on 21 December 2013 | 10:34 pm

Bitcoin Billboards Appearing Around Los Angeles

This story first appeared in CCN. Los Angeles residents driving near the area of Robertson and Cadillac might notice a new unusual advert on the billboard at 2363 S Robertson

The post Bitcoin Billboards Appearing Around Los Angeles appeared first on Bitcoin Blogger.

Posted on 20 December 2013 | 11:45 am

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