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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

BitFury Exploring Options in Bitcoin Cloud Mining Market - CoinDesk


Gizmag

BitFury Exploring Options in Bitcoin Cloud Mining Market
CoinDesk
Earlier this month CEX.io announced it was suspended its cloud mining activities, saying it had become unprofitable following a drop in the bitcoin price that led to increasingly lower revenues. CEX previously relied on third-party mining partners to ...
BitFury turns down the heat with purchase of Allied ControlGizmag
Interview With Helga Danova of Cex.ioBitcoinist.net

all 3 news articles »

Posted on 29 January 2015 | 2:30 pm

BitGo Launches Platform API Opening Its Bitcoin Security Infrastructure to the Masses

Earlier today, Palo Alto­ based Bitcoin security service provider BitGo announced the general availability of the BitGo Platform API, which will allow developers to fully leverage, for the first time ever, the enterprise ­grade security features of BitGo’s multi­sig HD wallet in their own applications The launch of this particular service stands to be a turning point in the Bitcoin industry. That’s because all companies, whether general merchants or Bitcoin service providers, are now capable of integrating the Bitcoin protocol into their core product without being forced to give up control of their bitcoins to a third party, or without facing the multiple and complex Bitcoin security challenges that have brought otherwise strong companies to their knees. A bit of […]

The post BitGo Launches Platform API Opening Its Bitcoin Security Infrastructure to the Masses appeared first on Bitcoin Magazine.

Posted on 29 January 2015 | 2:09 pm

Prosecutors Trace $13.4M in Bitcoins From the Silk Road to Ulbricht's Laptop - Wired


Wired

Prosecutors Trace $13.4M in Bitcoins From the Silk Road to Ulbricht's Laptop
Wired
If anyone still believes that bitcoin is magically anonymous internet money, the US government just offered what may be the clearest demonstration yet that it's not. A courtroom PowerPoint presentation traced hundreds of thousands of bitcoins from the ...
FBI consultant: Silk Road founder carried millions worth of bitcoins on laptopPCWorld

all 7 news articles »

Posted on 29 January 2015 | 1:26 pm

Bitcoin Processor GoCoin Adds Fiat Payout Options

GoCoin has added three new fiat currencies as payout options for merchants – euros, pound sterling and Singapore dollars.

Posted on 29 January 2015 | 1:22 pm

A Next Step for BTC Media!

We’ve only just begun our journey towards building the most extensive and credible portal to all things crypto-currency, but I have some exciting news to share about our next step in building out that vision: the signing of an exclusive partnership with decentral.tv, the world’s leading digital currency video channel and dashboard! As you’ll see as soon as you explore the link, decentral.tv is a clean dashboard and video channel designed to keep viewers up to date on the latest developments in cryptocurrency. The service is jam-packed with useful information such as live prices, headline news, charts, and more. But most important is decentral.tv’s demonstrated ability to deliver some of the best original video content covering all things crypto on the web. Highlighted by Decentral Talk Live […]

The post A Next Step for BTC Media! appeared first on Bitcoin Magazine.

Posted on 29 January 2015 | 11:24 am

Why Apple Pay And Dollars Are Killing Bitcoin - Forbes


Forbes

Why Apple Pay And Dollars Are Killing Bitcoin
Forbes
Receiving far less press attention is the ongoing collapse of Bitcoin prices. While this is not unexpected given the house of cards Bitcoin was built on, no one should forget that only a short time ago Bitcoin had reached manic levels. Investors ...

Posted on 29 January 2015 | 10:26 am

Decentral.tv partners with BTC Media to become exclusive video content provider

For Immediate Release January 29, 2015 Toronto – Decentral.tv is excited to announce that it has entered into a partnership to become the exclusive video content provider for BTC Media LLC, the world’s largest Bitcoin media group. BTC Media LLC is the parent company of financial technology magazine yBitcoin and its website www.ybitcoin.com, as well as the recently acquired Bitcoin Magazine and www.bitcoinmagazine.com. “ yBitcoin has always stood out as a well-run publication,” said Anthony Di Iorio, founder and CEO of decentral.tv. “Now that Bitcoin Magazine is also in the capable hands of BTC Media and Calli and David Bailey, I’m excited to see where he’ll take this publication moving forward. This partnership between BTC Media and decentral.tv has great […]

The post Decentral.tv partners with BTC Media to become exclusive video content provider appeared first on Bitcoin Magazine.

Posted on 29 January 2015 | 9:49 am

Research: Over $11 Million Lost in Bitcoin Scams Since 2011

At least $11m has gone to fraudsters running bitcoin scams in the last four years, university researchers have found.

Posted on 29 January 2015 | 9:29 am

The Winklevoss Brothers on Gemini, the 'NASDAQ of Bitcoin'

In an interview with CoinDesk, investors and entrepreneurs Cameron and Tyler Winklevoss discuss their newly revealed bitcoin exchange project, Gemini.

Posted on 29 January 2015 | 7:12 am

Researcher Suggests ISIS is Fundraising with Bitcoin

New research from Singapore-based web intelligence firm S2T suggests Islamic State (ISIS) could be using bitcoin for fundraising. Israeli daily newspaper Haaretz has reported that S2T analyst Ido Wulkan managed to find concrete evidence linking an ISIS cell based in the US to fundraising activities. The cell apparently used the dark web and bitcoin to cover its tracks. […]

Posted on 29 January 2015 | 5:40 am

News in Brief - CoinDesk


CryptoCoinsNews

News in Brief
CoinDesk
Bitcoin is an exciting new technology. For our Foundation work we are doing digital currency to help the poor get banking services. We don't use bitcoin specifically for two reasons. One is that the poor shouldn't have a currency whose value goes up ...
Bill Gates: Digital Currency Can Help the Poor, But Not BitcoinGizmodo
Bill Gates Responds On Bitcoin: We Do Not Use Bitcoin and Here's WhyCryptoCoinsNews
Bill Gates: “Bitcoin is an exciting new technology”newsBTC
The Seattle Times (blog) -The Westside Story
all 209 news articles »

Posted on 29 January 2015 | 3:51 am

Over 70 Bitcoin Scams Shut Down By New York Law Enforcement - CoinDesk


Over 70 Bitcoin Scams Shut Down By New York Law Enforcement
CoinDesk
More than 70 websites promising unrealistically high returns on bitcoin investments have been shut down by the New York County District Attorney's office. As originally reported by Bloomberg News, 73 sites were taken offline on 16th January by the ...

Posted on 29 January 2015 | 3:51 am

Why the Gates Foundation Doesn't Use Bitcoin

Software magnate Bill Gates has again spoken out on bitcoin in his third 'Ask Me Anything' (AMA) session on social sharing platform Reddit. The focus of the AMA was philanthropy and the work of the Bill & Melinda Gates Foundation. As a result, Gates’ answer revolved around potential bitcoin applications in charity. In response to the question "What […]

Posted on 29 January 2015 | 3:25 am

LocalBitcoins User Funds Stolen After Chat Client Hack

P2P marketplace LocalBitcoins has experienced a hack on its chat client, resulting in the distribution of malware and loss of customer funds.

Posted on 29 January 2015 | 2:24 am

Bitcoin Price Technical Analysis 28/1/2015 – Bears In Control - newsBTC


CryptoCoinsNews

Bitcoin Price Technical Analysis 28/1/2015 – Bears In Control
newsBTC
Bitcoin price dropped further today to trade around $250 on most times of the day. The price touched values around the $230 support level earlier today could be considered a low of the current bearish trend line. By studying the 2 hour BTCE (BTC/USD) ...
Bitcoin Trading - Price Correction On Profit-TakingCryptoCoinsNews
Bitcoin: BTC/USD Technical Analysis – 28th January 2015Forex Market (blog)
Up Close With Coinbase ExchangeTechCrunch

all 6 news articles »

Posted on 28 January 2015 | 5:18 pm

USAA sees bright future for bitcoin technology - San Antonio Business Journal


San Antonio Business Journal

USAA sees bright future for bitcoin technology
San Antonio Business Journal
San Franciso-based Coinbase, which is a leader in the bitcoin wallet space, raised $75 million from a group of investors that includes USAA, BBVA, former Citigroup CEO Vikram Pandit and former Thomson Reuters CEO Tom Glocer, among others. USAA ...

and more »

Posted on 28 January 2015 | 3:24 pm

Huobi Courts International Customers With Fee Cuts

China's Huobi is making an international push in 2015 by temporarily eliminating or lowering fees on its USD trading platform BitYes.

Posted on 28 January 2015 | 1:30 pm

Cautionary Tales on Bitcoin Security

Bitcoin Exploration The Bitcoin ecosystem has many different types of platforms such as exchanges, payment service providers, reporting platforms and an array of other supporting services. Every time you create a new account your online profile expands, increasing the risk of breach with one or all of your accounts. Private keys and passphrases should be managed as securely as possible, and the same for login credentials. The following tales are filled with valuable lessons for stepping up your game with digital identity management. Gone Phishing Paul Boyer, creator of the “Mad Money Machine” podcast on the “Let’s Talk Bitcoin” network, learned a tough lesson recently. Paul happily received donations totaling 3.3875 bitcoins, about $2,000, from loyal listeners until he discovered […]

The post Cautionary Tales on Bitcoin Security appeared first on Bitcoin Magazine.

Posted on 28 January 2015 | 11:32 am

NYDFS: Coinbase Is Not Licensed in New York

The NYDFS has issued a response to questions about the regulatory status of Coinbase's recently launched bitcoin exchange.

Posted on 28 January 2015 | 10:23 am

Manhattan DA: We’re Watching Regulated Exchanges With ‘Immense Interest’

Manhattan district attorney Cyrus R Vance Jr has issued new remarks regarding his agency's interests in the bitcoin exchange space.

Posted on 28 January 2015 | 9:51 am

Bitcoin-Friendly University Offers Free Course on Future of Money

The University of Cumbria has announced the launch of a free online Masters-level course that will look at the future of money. The month long 'Money and Society' MOOC (massive open online course) will be targeted at "monetary innovators and activists from any political persuasion", and look into "the essence of money and how it has […]

Posted on 28 January 2015 | 5:49 am

Developer Proposes P2P Bitcoin Implementation for Reddit

Reddit's cryptocurrency engineer, Ryan X Charles, has caused a stir with his proposal to implement bitcoin on the platform. Under username 'ryancarnated', the developer revealed how he aims to enable peer-to-peer payments on Reddit, but for the time being he describes the service as a "proof of concept". The implementation would allow users to register their bitcoin […]

Posted on 28 January 2015 | 4:53 am

'Bitcoin Funfair' Will Take Digital Currency to Stockholm's Consumers

'Bitcoin Funfair' is due to take place in Stockholm next month in an attempt to spread the use of the digital currency among consumers.

Posted on 28 January 2015 | 2:10 am

BitFlyer Raises $1.1 Million from First-Time Japanese Bitcoin Investors

Bitcoin services firm bitFlyer has secured a $1.1m funding round to expand overseas, bringing its total to $2.93m.

Posted on 27 January 2015 | 9:41 pm

Over 70 Bitcoin Scams Shut Down By New York Law Enforcement

The New York County District Attorney's Office has shut down more than 70 allegedly fraudulent bitcoin investment sites.

Posted on 27 January 2015 | 4:05 pm

Bitcoin Broker Anycoin Direct Raises €500k in Seed Funding

Anycoin Direct has raised €500,000 as part of its seed funding round to expand its bitcoin brokerage service.

Posted on 27 January 2015 | 3:00 pm

Winklevoss twins: Bitcoin will explode beyond $1 trillion - CNNMoney


CNNMoney

Winklevoss twins: Bitcoin will explode beyond $1 trillion
CNNMoney
They believe Bitcoin could one day morph into a gold-like asset class -- or even surpass it. "If Bitcoin is a better gold or seen as a type of gold-like asset, then it could be in the trillions on a market cap," Tyler Winklevoss told CNNMoney. "We do ...
Winklevoss twins expect first quarter debut of bitcoin exchangeReuters
Winklevoss Twins Aim to Take Bitcoin MainstreamNew York Times
Winklevoss twins pitch their bitcoin ETF to gold bugsMarketWatch
CNBC -CryptoCoinsNews -CoinDesk
all 110 news articles »

Posted on 27 January 2015 | 1:39 pm

Coinbase Exchange: An Unfinished Lunar Symphony

I awaken this morning feeling optimistic. I’d seen last night that a big announcement from Coinbase was coming, and the Wall Street Journal appeared to confirm that the announcement was to be a fully regulated U.S. exchange. The price shot up immediately and was still rising when I went to bed. Now, I look at the price widget on my phone and my optimism vanishes. If Bitcoin price is any measurement of enthusiasm, it’s clear before I get downstairs that Coinbase’s big revelation hasn’t quite lived up to expectations. I head to the new exchange site, log in with my Coinbase credentials and… I suspect this explains the lack of enthusiasm. I turn to Reddit, Twitter—all my usual sources—and hear […]

The post Coinbase Exchange: An Unfinished Lunar Symphony appeared first on Bitcoin Magazine.

Posted on 27 January 2015 | 11:47 am

LazyCoins to Preview The Killer Bitcoin App LazyPay at BitcoinExpo 2015 London

London, January 24, 2015 — LazyCoins demoed their killer Bitcoin app LazyPay at the BitcoinExpo 2015 in London last weekend. The company has spent months carefully and quietly planning to take the app public. Including running the payment and merchant services app through testing with a security firm. And holding Q&As in order to perfect their software and get everything right before debuting to the world. The free conference ran from January 24–25 at the Central Foundation Boys’ School on Cowper Street, London. LazyCoins Founder and CEO Danial Daychopan calls London, “a great place for bitcoin businesses and entrepreneurs.” Daychopan began his talk at the conference on the importance of security. He stressed this is the number one focus for […]

The post LazyCoins to Preview The Killer Bitcoin App LazyPay at BitcoinExpo 2015 London appeared first on Bitcoin Magazine.

Posted on 27 January 2015 | 7:32 am

Virtual Currencies Hit the World Stage: Bitcoin’s Ever-Evolving Legal Status

Congratulations, virtual currency world—New York wants to expressly regulate you! That’s how important Bitcoin and other digital currencies have become in recent years. And as we know, what happens in New York’s financial world often has implications for the wider world. All the recent attention New York has paid to virtual currency is raising many important legal questions, with potentially profound implications. This article will offer a brief survey of just some of them. A Cryptic History of Money Bitcoin is the latest and best known in a long line of digital currencies. The basic premise of digital currencies is that they try to establish a medium of exchange based on immutable mathematics, thus putting the currency beyond the control […]

The post Virtual Currencies Hit the World Stage: Bitcoin’s Ever-Evolving Legal Status appeared first on Bitcoin Magazine.

Posted on 26 January 2015 | 11:08 am

Is Bitcoin Truly Decentralized? Yes – and Here Is Why It’s Important

Jan 22. 2015 for BitcoinMagazine.com Those within the industry understand that one of Bitcoin’s most important features—and perhaps its true core innovation—is its decentralized structure. Bitcoin has no central control: no central repository of information, no central management, and, crucially, no central point of failure. And yet, most of the actual services and businesses built within the Bitcoin ecosystem are centralized. They are run by specific people, in specific locations, with specific computer systems, and they are susceptible to specific legal entanglements. This situation creates tension and certainly a little irony—we have a decentralized technology, yet most things existing upon it are centralized. To a casual observer, and even more to a cynical one, it may appear that the claim […]

The post Is Bitcoin Truly Decentralized? Yes – and Here Is Why It’s Important appeared first on Bitcoin Magazine.

Posted on 22 January 2015 | 9:52 am

BTC Media Acquires Bitcoin Magazine

January 21, 2015 FOR IMMEDIATE RELEASE Contact: Tyler Evans 256-539-6100 BTC Media Acquires Bitcoin Magazine NASHVILLE, TN—BTC Media LLC, parent company of financial technology magazine yBitcoin and its website www.ybitcoin.com, has as of January 21, 2015 completed the purchase of Bitcoin Magazine from Coin Publishing LLC. Bitcoin Magazine is the first publication devoted exclusively to Bitcoin, the digital currency that burst onto the international economic scene as open source software in 2009. Magazine founders Mihai Alisie and Vitalik Buterin published their first issue in May, 2012 and later joined forces with Orlando, Florida-based Coin Publishing LLC to produce 22 issues. The magazine is mailed to subscribers worldwide, sold at Barnes & Noble bookstores and published online at www.bitcoinmagazine.com. BTC Media […]

The post BTC Media Acquires Bitcoin Magazine appeared first on Bitcoin Magazine.

Posted on 21 January 2015 | 11:00 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

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

Mt.Gox Statement

Posted on 3 March 2014 | 3:44 am

January 29, 2015 -
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