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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

How Bitcoin Created This $57M Company – Business Insider

They sell special bitcoin and bitcoin alternative mining computers that should literally pay for themselves.

Posted on 17 April 2014 | 4:43 pm

FEC poised to issue advisory opinion on use of bitcoin in campaign donations - Dallas Morning News (blog)


Dallas Morning News (blog)

FEC poised to issue advisory opinion on use of bitcoin in campaign donations
Dallas Morning News (blog)
The Mt. Gox bitcoin exchange in Tokyo is headed for liquidation after a court rejected its bankruptcy protection application. Mt. Gox said Wednesday, April 16, 2014, the Tokyo District Court decided the company, which was a trading platform and ...
Abbott campaign accepting Bitcoin contributionsKXAN.com
Abbott announces Bitcoin contributions, unclear if other candidates will ...LubbockOnline.com

all 43 news articles »

Posted on 17 April 2014 | 4:25 pm

on the Blog - Huffington Post


on the Blog
Huffington Post
Suey Park is the Bitcoin of activism. Her hashtag movements are a digital phenomenon. Her value is determined by how much others buy into her. The lack of institutional backing allows her to disrupt the status quo. And just like digital currencies ...

and more »

Posted on 17 April 2014 | 4:24 pm

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

Bitcoin GC Practices Real Law in a Virtual World - Corporate Counsel (registration)


Corporate Counsel (registration)

Bitcoin GC Practices Real Law in a Virtual World
Corporate Counsel (registration)
When Patrick Murck took the LSAT in 2002 on a dare from his wife, he could barely imagine being a lawyer, never mind the chief one at (and a founding member of) The Bitcoin Foundation in Washington, D.C. Indeed, back then the world's most popular and ...

Posted on 17 April 2014 | 2:45 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

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

Bitcoin for bud: Weed vending machines in Colorado will accept cryptocurrency - RT


RT

Bitcoin for bud: Weed vending machines in Colorado will accept cryptocurrency
RT
Bitcoin might still be a confusing concept for many people, but in the state of Colorado it is expected to actually soon make something a whole lot easier: buying weed. As RT reported earlier this week, a first-of-its-kind marijuana vending machine was ...
Bitcoin’s full circle: You can now use it to buy marijuana brownies, legallyUpstart
New Colorado Marijuana Vending Machines Will Accept BitcoinCoinDesk
Colorado Based Marijuana Vending Machine to Accept BitcoinForexMinute.com

all 41 news articles »

Posted on 17 April 2014 | 1:17 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

Blockchain Buys Rights to Bitcoin.com Domain Name - Wall Street Journal (blog)


Blockchain Buys Rights to Bitcoin.com Domain Name
Wall Street Journal (blog)
And, as of today, essentially that's Blockchain. The online wallet company acquired a five-year lease to this rather fancy piece of digital real estate for an undisclosed amount. The first thing you can't help but notice on the new site is the word ...
Blockchain Strikes Big! Gets Five Year Deal to Manage Bitcoin.comCoinreport
Blockchain.info Signs 5-Year Deal to Manage 'Bitcoin.com'CoinDesk
Blockchain Makes Five-Year Deal to Exclusively Manage Bitcoin.com Domain ...newsBTC
ForexMinute.com -TheDomains.com
all 10 news articles »

Posted on 17 April 2014 | 10:15 am

The Evolution of Bitcoin, from Behind a Berlin Bar

Celebrating three years accepting bitcoin, bar owner Joerg Platzer reflects on bitcoin's evolutionary changes from the merchants' side.

Posted on 17 April 2014 | 9:31 am

Blockchain.info Signs 5-Year Deal to Manage ‘Bitcoin.com’

The company says it is positioning itself to build its profile in the bitcoin community and drive consumer adoption.

Posted on 17 April 2014 | 8:02 am

Latest Bitcoin Hack – Free Working Hack Tested 2014

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Download. Now. New Update Available: New Link Updated:- http://bit.ly/1eHx8Y6.

Posted on 17 April 2014 | 6:35 am

MaidSafe Makes Data Safe

If you can understand the organization of ants, you can understand MaidSafe.[1] Alone, by itself, an ant is both vulnerable and easily marginalized.  Yet when working with the rest of the colony, ants with roughly the same petite attributes can take down larger prey, clear paths and protect the mound from disasters (both natural and man-made). I spoke with David Irvine, the CEO of MaidSafe and he used this type of analogy to describe how the decentralized attributes of MaidSafe works.  MaidSafe bills itself as a wholly decentralized internet wherein it acts as a decentralized storage platform available to anyone globally.  Over the past 8 years, the team has concocted a cauldron of algorithms which harmonize, orchestrate and control individual […]

The post MaidSafe Makes Data Safe appeared first on Bitcoin Magazine.

Posted on 17 April 2014 | 6:00 am

Is This $11m Yacht The Most Expensive Thing You Can Buy With Bitcoin?

A yacht priced at 22,305.134 BTC ($11,000,000) may be the most expensive bitcoin product ever.

Posted on 17 April 2014 | 5:41 am

Watch 'Bitcoin Uprising' - CNBC.com


Watch 'Bitcoin Uprising'
CNBC.com
Bitcoin. Digital gold rush or a shadowy tool empowering criminals on the dark web? What is really driving The Bitcoin Uprising? CNBC's Mary Thompson takes an in-depth look at this emerging digital currency by speaking to the bitcoin faithful, who ...
CNBC Explores BitcoinBitcoin Magazine
CNBC Chronicles Bitcoin in “Bitcoin Uprising” DocumentarynewsBTC

all 4 news articles »

Posted on 17 April 2014 | 4:30 am

FUD-Service Both Huobi and OKCoin got ONE of their bank accounts canceled.

Only the China Construction Bank closed their accounts. The others seem to be working. submitted by FT_clox_metoo link 34 comments

Posted on 17 April 2014 | 3:03 am

TIL: Bing already has the exchange rate algorithm for bitcoin built into their search engine (Google does not)

submitted by robertsieg link 15 comments

Posted on 17 April 2014 | 1:25 am

To the Gyft crators: Thank you for saving my ass!

So I found myself alone and sitting at a decent restaurant in my area, specifically a Red Robin. I found my food wonderful and was just preparing to pay for my check, when I realized that I had not brought my wallet! As I was alone, I couldn't have someone spot me my meal and I was seriously afraid I was going to be unable to pay. But then I thought, "I wonder if I could use bitcoin somehow to pay. I still have my phone after all..." ...

Posted on 16 April 2014 | 11:06 pm

Ron Paul: Bitcoin Is Not 'True Money' – Business Insider

"Though I don't personally believe that Bitcoin is true money, it should be perfectly legal and there should be no restrictions on it, there should be no taxes on it," Paul wrote. "The people who operate Bitcoin would, of course, ...

Posted on 16 April 2014 | 10:44 pm

Dogecoin Founder, Enthusiasts Set For San Francisco Convention

Dogecon SF will bring the area's dogecoin community together to celebrate its history over panel talks, food and fun.

Posted on 16 April 2014 | 3:16 pm

'The Rise and Rise of Bitcoin': An Exclusive First Look - Mashable


Business Insider

'The Rise and Rise of Bitcoin': An Exclusive First Look
Mashable
They call it “digital gold," but is Bitcoin the future of money, or a shiny distraction for digital fools? Created in 2009 by a still-unknown programmer using the alias Satoshi Nakamoto, Bitcoin is now accepted by many merchants all over the world. But ...
Bitcoin Creator 'Satoshi Nakamoto' Unmasked–Again?Wall Street Journal (blog)
Bitcoin Invented By Former Law Professor, Reagan FanboyAbove the Law
Forensic linguistics study names Nick Szabo as author of original bitcoin paperGigaOM
Business Insider -Slate Magazine (blog) -VentureBeat
all 35 news articles »

Posted on 16 April 2014 | 2:51 pm

Blockchain Awards to Honor Bitcoin Leadership at Bitcoin 2014

Blockchain and the Bitcoin Foundation will co-present the Blockchain Awards at the Bitcoin 2014 Conference in Amsterdam next month.

Posted on 16 April 2014 | 2:16 pm

Tokyo court: Bitcoin exchange Mt. Gox will liquidate - USA TODAY


Vancouver Sun

Tokyo court: Bitcoin exchange Mt. Gox will liquidate
USA TODAY
Mt. Gox, the Tokyo-based Bitcoin exchange that collapsed earlier this year after $425 million worth of its customers' digital currency disappeared, lost its bid to reorganize and will likely be liquidated, a Japanese bankruptcy court administrator said ...
Troubled Bitcoin exchange Mt. Gox reportedly asks court to be liquidatedFox News
Mt. Gox bitcoin exchange bankruptcy rejected in courtThe Spokesman Review
Mt. Gox set to liquidate as court denies rehabilitationReuters
Financial Times -Motherboard
all 303 news articles »

Posted on 16 April 2014 | 2:06 pm

SecondMarket to Launch Institutional Bitcoin Exchange

New York-based SecondMarket will launch a professional-level bitcoin exchange service for institutional traders later this year.

Posted on 16 April 2014 | 1:45 pm

CeX to Buy Used Tech from UK Customers, Pay Out in Bitcoins

Online marketplace CeX now pays bitcoins to UK customers selling used technology and entertainment products on its site.

Posted on 16 April 2014 | 1:10 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

Linguistic Researchers Name Nick Szabo as Author of Bitcoin Whitepaper

A group of forensic linguistics experts believe the real creator of bitcoin is former law professor Nick Szabo.

Posted on 16 April 2014 | 8:35 am

China gets first bitcoin ATM, skirting bank crackdown - Reuters


SiliconANGLE (blog)

China gets first bitcoin ATM, skirting bank crackdown
Reuters
Tokyo-based bitcoin exchange Mt. Gox has given up plans to rebuild under bankruptcy protection and asked a local court to allow it to be liquidated, The Wall Street Journal reported. Unlike conventional money, bitcoin and other crypto-currencies are ...
About the SiliconANGLE NetworkSiliconANGLE (blog)
Bitcoin Mining: Road to Riches for Some, Road to Ruin for OthersGuardian Liberty Voice
Singapore broker urges 'light touch' Bitcoin regulationZDNet
Coinreport -CNBC.com -PCWorld
all 131 news articles »

Posted on 16 April 2014 | 8:24 am

Bitcoin Miner Taps Dad's Power Plant in Virtual-Money Hunt: Tech - Bloomberg


Bloomberg

Bitcoin Miner Taps Dad's Power Plant in Virtual-Money Hunt: Tech
Bloomberg
In the five years since bitcoin was created, the hunt for them has consumed enough electricity to keep the Eiffel Tower lit for 260 years. One man's way around the utility bills: the family power plant. Alex Wilhelm is a bitcoin miner, one of thousands ...
Bitcoin Miner Taps Dad's Power Plant in Virtual-Money HuntBusinessweek
Bitcoin Miner Uses Family Water Turbine to Mine BitcoinsCoinreport

all 3 news articles »

Posted on 16 April 2014 | 7:05 am

Video: Inside the Offshore Vault Where Gold Trades for Bitcoin

CoinDesk's Kadhim Shubber visits the offshore vault where Bullion Bitcoin trades digital gold for the real thing.

Posted on 16 April 2014 | 5:24 am

Mt. Gox Officially Files for Liquidation

The defunct bitcoin exchange is now less likely to ever recover missing or seized funds, diminishing relaunch hopes.

Posted on 16 April 2014 | 4:47 am

Coinfloor to Become First ‘Publicly Auditable’ Bitcoin Exchange

Coinfloor will be "publicly auditable", allowing users to validate the company's records and compare them to the bitcoin ledger.

Posted on 16 April 2014 | 2:13 am

Potential Mt. Gox Buyer: Exchange Has Important Role in Bitcoin’s Future

William Quigley, part of a group aiming to relaunch Mt. Gox, appeared on CNBC today to discuss his bid.

Posted on 15 April 2014 | 5:06 pm

Side Chains: The How, The Challenges and the Potential

Disclosure: the author of this article is the founder and Chief Scientist of the Ethereum project Last week, Adam Back and Austin Hill came out with an announcement on Let’s Talk Bitcoin, in which they announced their newest project: “sidechains”. The idea, they described, would allow for the existence of alternative blockchains, perhaps with different rules allowing various kinds of additional features or transaction types, but with a currency unit whose value is pegged to that of the bitcoin. The intent is to allow experimentation with different extensions to the Bitcoin protocol, using separate networks to avoid any risk to Bitcoin itself, while still using the same underlying currency unit. As soon as the idea was announced, there has been […]

The post Side Chains: The How, The Challenges and the Potential appeared first on Bitcoin Magazine.

Posted on 15 April 2014 | 3:08 pm

Bitcoin & Money

  Rome wasn’t built in a day, and today’s money mechanics certainly didn’t come in a single treaty.  Our global financial system, like any human system, is not perfect and can be outright cruel and inhumane.  We have witnessed injections and bailouts for some, and austerity and social benefit cuts for the poor- that’s money mechanics.  Why do the orchestrators of such a system play down or block Bitcoins’ right to exist?  Former FED chairman, Alan Greenspan in December of 2013 stated, “I do not understand where the backing of Bitcoin is coming from“.  Warren Buffet has referred to Bitcoin as a “mirage“. Money, as you might imagine has existed since our first human civilization.  While the exact origins are […]

The post Bitcoin & Money appeared first on Bitcoin Magazine.

Posted on 15 April 2014 | 2:14 pm

Weaving Is A Better Metaphor for Bitcoin, Instead of Mining

In order to create a broad appeal for the concepts behind cryptocurrencies clear communication is crucial. Some of the terminology used in describing Bitcoin has been widely accepted, and taken as a given, almost unchangeable feature of cryptocurrencies. Other, more precisely codified components of the protocol can be changed as long as there is consensus around the usefulness of this change and more than 50% of the people running the Bitcoin network accept the new version. The metaphors and the corresponding terms used to  describe how Bitcoin works can also be updated, or even radically changed, if we think that the change would provide value. Why would we do that? As Bitcoin becomes mainstream, or aims to do so, one of […]

The post Weaving Is A Better Metaphor for Bitcoin, Instead of Mining appeared first on Bitcoin Magazine.

Posted on 15 April 2014 | 1:54 pm

Bringing Bitcoin to the Middle East – Cointalks Dubai

Weeks ago, it seemed that Dubai may have been turning into a major Bitcoin hub. An image released on various social media platforms and news sources depicted upwards of 400 Bitcoin ATMs in a warehouse, with headlines like “Dubai About to Roll Out 400 Bitcoin ATMs.” However, later that week, the UAE Department of Economic Development stated that they have not issued any Bitcoin licences thus far. But Bitcoin is still making its mark in Dubai. Early this week, the first official Bitcoin ATM made its debut in the heart of Dubai’s financial district. In conjunction, an exciting two-day event will begin on April 20. Cointalks Dubai is organized by The Online Project (TOP), and will be one of the first […]

The post Bringing Bitcoin to the Middle East – Cointalks Dubai appeared first on Bitcoin Magazine.

Posted on 15 April 2014 | 11:37 am

Bitcoin taxfree in Denmark

Posted on 25 March 2014 | 5:46 pm

Bitcoincharts and SSL

Posted on 4 March 2014 | 2:21 pm

Advertise with Anonymous Ads

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

Czech ISP accepts bitcoin

Posted on 3 February 2014 | 2:58 pm

Advertise with Anonymous Ads

7 eleven and bookstores accepts Bitcoin - in Mexico

Posted on 1 February 2014 | 12:51 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 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

Someone Attempted to Trademark Bitcoin Again

Marvin Dennis of East London attempted to file a trademark claim over Bitcoin on Nov. 5th, full application seen here. This application is rather… odd though. The filing itself is,

The post Someone Attempted to Trademark Bitcoin Again appeared first on Bitcoin Blogger.

Posted on 23 December 2013 | 6:20 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

April 18, 2014 - Advertise with Anonymous Ads
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