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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

FinTech Voices Join Blockchain Conversation at Keynote 2015

New voices from the FinTech community joined ongoing debates in the bitcoin and blockchain space at yesterday's Keynote 2015 conference.

Posted on 3 August 2015 | 7:02 pm

Snoop Dogg Learns One Reason Why Bitcoin Is Better Than Cash: Civil Forfeiture - Inside Bitcoins


Inside Bitcoins

Snoop Dogg Learns One Reason Why Bitcoin Is Better Than Cash: Civil Forfeiture
Inside Bitcoins
But what does all this have to do with Bitcoin you might ask? In fact, it doesn't. But this event itself can be used as a perfect example on how Bitcoin could be used to circumvent this sort of issues – If the rapper had had his $422,000 stash turned ...

and more »

Posted on 3 August 2015 | 3:35 pm

Former bitcoin cop won't help bitcoin companies get licensed - Fortune


Fortune

Former bitcoin cop won't help bitcoin companies get licensed
Fortune
Many bitcoin policy pundits and bitcoin startup executives took issue with what they felt was an overreaching set of requirements to get the necessary license. Companies reacted in different ways: Coinbase launched a bitcoin exchange in January that ...
Political Interest To Help Restore Trust in Bitcoin?newsBTC

all 3 news articles »

Posted on 3 August 2015 | 11:47 am

Popular Arcade Game Launches Token Sale with Shapeshift

Spells of Genesis, one of the most highly anticipated arcade games of 2015, developed by well-known game developer EverdreamSoft, is introducing and implementing bitcoin and its blockchain technology in the game’s storyline and as an in-game currency. Before the game’s launch on both iOS and Android Play Store, EverdreamSoft plans to host a crowdfunding campaign for its game and storyline development. Spells of Genesis will be using BitCrystal tokens as its in-game currency which can be used to purchase game items and to trade with other users within the game. The concept behind Spells of Genesis’ crowdfunding campaign is similar to Ethereum’s: People purchasing BitCrystals will become investors and will be provided with BitCrystals early on. BitCrystal is a tradable […]

The post Popular Arcade Game Launches Token Sale with Shapeshift appeared first on Bitcoin Magazine.

Posted on 3 August 2015 | 11:35 am

Mt. Gox was Bitcoin's ugliest success story - The Verge


CNET

Mt. Gox was Bitcoin's ugliest success story
The Verge
Starting in 2010, Karpeles ran the largest and most powerful bitcoin exchange, but the site went offline in February 2014 after it was discovered that $400 million in bitcoin had gone missing from the company's accounts. The official explanation was an ...
Mt. Gox bitcoin chief Mark Karpeles arrested in JapanCNET
The Mt.Gox Arrest Is The End Of The First Age Of BitcoinTechCrunch
Bitcoin Market Wrap Up 7/26 – 8/2: Markets Down, Vanillacoin Takes LeadInside Bitcoins
Upstart -The Japan Times
all 153 news articles »

Posted on 3 August 2015 | 11:20 am

UK Prime Minister Cameron Praises the Innovate Finance Manifesto Despite Views on Encryption

Innovate Finance, an independent membership-based industry organization that aims to advance Great Britain’s standing as a leader in financial technology (FinTech) innovation both domestically and abroad, has released its new manifesto: Innovate Finance Manifesto: 2020. “Our vision for 2020 is for the U.K. to be the most investment-friendly environment for FinTech globally, attracting $4 billion of venture investment and $4 billion of institutional investment in corporate venture funds, accelerators and innovation programs,” states the manifesto. “Our vision for 2020 is for the U.K. to be the premier location for at least 25 global FinTech leaders, whether by IPO, global market share or by valuation.” The manifesto mentions the need for effective regulation, a proactive policy environment and a commitment to […]

The post UK Prime Minister Cameron Praises the Innovate Finance Manifesto Despite Views on Encryption appeared first on Bitcoin Magazine.

Posted on 3 August 2015 | 10:47 am

Robocoin Faces Lawsuit Over Bitcoin ATM Refund

Embattled bitcoin ATM maker Robocoin is facing yet another upset, this time in the form of a customer lawsuit.

Posted on 3 August 2015 | 9:25 am

Bitcoin Firm Elliptic Wins "Security Project of the Year"

London-based bitcoin firm Elliptic has been awarded "Security Project of the Year" by The Banker magazine. In its second edition, The Banker's Technology Projects of the Year awards, claim to celebrate the "most innovative and transformational contributions to financial services technology around the world". Adam Joyce, CTO and co-founder, said in a company post that […]

Posted on 3 August 2015 | 9:04 am

Bitcoin Firm Elliptic Wins "Security Project of the Year" - CoinDesk


CoinDesk

Bitcoin Firm Elliptic Wins "Security Project of the Year"
CoinDesk
London-based bitcoin firm Elliptic has been awarded "Security Project of the Year" by The Banker magazine. In its second edition, The Banker's Technology Projects of the Year awards, claim to celebrate the "most innovative and transformational ...
Bitcoin Firm Elliptic Awarded Security Project of the Year AwardnewsBTC

all 2 news articles »

Posted on 3 August 2015 | 9:04 am

Police Confiscate 11000 Bitcoin Wallets; Shut Down Dark Web Site - CoinTelegraph


CoinTelegraph

Police Confiscate 11000 Bitcoin Wallets; Shut Down Dark Web Site
CoinTelegraph
Bitcoin use seems to have been prevalent, with over 11,000 digital wallets connected to the site seized, containing over US$1 million euros worth of the digital currency. Michele Prestipino, the prosecutor who led the investigation, told a press ...

and more »

Posted on 3 August 2015 | 2:52 am

Bitcoin: The hottest game for Chinese gamblers - CNNMoney


CNNMoney

Bitcoin: The hottest game for Chinese gamblers
CNNMoney
Bitcoin was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Transactions can be made without any middle men (read: no banks!), and there's no need to give your real name. People can buy bitcoins with real money, purchase things ...
The Rise of Bitcoin Trading in ChinanewsBTC

all 6 news articles »

Posted on 2 August 2015 | 9:58 pm

Ex-boss of MtGox bitcoin exchange arrested in Japan over lost $390m - The Guardian


The Guardian

Ex-boss of MtGox bitcoin exchange arrested in Japan over lost $390m
The Guardian
MtGox subsequently shot from obscurity to dominate global trade in bitcoin, but as early as 2012 employees at the Tokyo-based exchange challenged Karpeles on issues such as whether client money was being used to cover costs. Investors had called on ...
MtGox Bitcoin CEO is facing fresh allegations that he misused $8.9 million in ...Business Insider
Reports: Japan arrests bitcoin mogul Mark Karpeles, former Mt. Gox CEODeutsche Welle
Mark Karpeles, Chief of Bankrupt Bitcoin Exchange, Is Arrested in TokyoNew York Times
TIME
all 308 news articles »

Posted on 2 August 2015 | 8:58 am

Eris COO: Private and Public Blockchains Need to Co-Exist

Eris COO Preston Byrne talks misconceptions about his firm, which is among the more notable to claim the blockchain can exitst without bitcoin.

Posted on 1 August 2015 | 6:00 pm

Ashley Barr Reveals New Details about Mt.Gox Operations after Karpeles’ Arrest

As Mark Karpeles was being arrested on August 1, 2015, his former employee Ashley Barr, who operated under the name “Adam Turner,” took to Reddit to answer questions about his time at Mt.Gox. In his introduction, Barr wrote, “I was hired by Mark [Karpeles] in June 2011 to help him handle the crazy inbox at Mt.Gox during bitcoin’s initial rally. In January 2012 I was asked to become Mt.Gox’s CEO, a process which led to my dismissal in May 2012. My statement along with other ex-employees have led the Tokyo Metro Police’s arrest on embezzlement and ‘illegal manipulation of accounting.’ “We plan to eat pizza in front of Mark while he is in prison…” Barr talked openly about the work […]

The post Ashley Barr Reveals New Details about Mt.Gox Operations after Karpeles’ Arrest appeared first on Bitcoin Magazine.

Posted on 1 August 2015 | 3:47 pm

Everledger Brings Blockchain Tech to Fight Against Diamond Theft

Diamonds are forever, and now a new startup – Everledger – is making a case that diamonds are for ledgers.

Posted on 1 August 2015 | 5:30 am

Mt Gox CEO Mark Karpeles Arrested in Japan

Japanese police arrested Mt Gox CEO Mark Karpeles today on allegations that he manipulated volume on the platform prior to its collapse.

Posted on 31 July 2015 | 8:53 pm

Overstock Sells $5 Million Cryptobond to New York Trading Firm

US retail giant Overstock has sold $5m of a recently issued "cryptobond" to FNY Managed Accounts, a New York-based trading firm.

Posted on 31 July 2015 | 3:03 pm

HackCoin: Bitcoin Hackathon in India Sponsored by Microsoft, IBM and Citruspay

Zone Startups India, BitStreet and Block Chain University are hosting India’s first bitcoin hackathon at the Bombay Stock Exchange in India named “HackCoin Mumbai.” The hackathon will be joined by over a hundred developers looking to build blockchain-based applications for payments, big data and digital experience. “There are three problem statements – one for each theme,” explained Ajay Ramasubramanian, project head of Zone Startups India. “There are possibilities for the winning outputs to be rolled out into full-scale projects.” The hackathon is sponsored by Microsoft, IBM and Citruspay, and the executives of these companies will participate in the event as mentors and panelists. “What we are really excited about is not only that we are the first fintech hackathon in […]

The post HackCoin: Bitcoin Hackathon in India Sponsored by Microsoft, IBM and Citruspay appeared first on Bitcoin Magazine.

Posted on 31 July 2015 | 11:20 am

Bitcoin to Ripple Gateway to Shut Down for US Users

Ripple Inc., payment gateway for hundreds of assets and digital currencies has announced the closure of btc2ripple gateway for all US residents starting September 1, 2015. Btc2ripple gateway is one of the hundreds of gateways on the Ripple Trade platform which is used to purchase or trade BTC to XRP (Ripple’s IOU). On September 1, Ripple will shut down the btc2ripple gateway for all U.S. residents, which will disallow any Americans from purchasing or depositing BTC using Ripple Trade accounts. Btc2ripple is operated by a Lithuanian company UAB SKV3, located in Vilnius.  The decision to shut down the BTC to XRP gateway was finalized by UAB SKV3, not Ripple Inc. In a statement, the btc2ripple team announced, “We are discontinuing the […]

The post Bitcoin to Ripple Gateway to Shut Down for US Users appeared first on Bitcoin Magazine.

Posted on 31 July 2015 | 11:00 am

Accenture Executives Propose Replacing Bitcoin with a Closed Blockchain

Writing on CIO Journal, a Wall Street Journal blog for corporate technology executives, Owen Jelf and Sigrid Seibold , respectively global managing director of Accenture’s capital markets practice and managing director of Accenture’s digital capital markets efforts, weigh in on the fashionable debate about the blockchain as a system vs. bitcoin as a currency. Not surprisingly, the two Accenture writers propose to do without bitcoin as a currency, but they are bullish about the potential of the blockchain in financial markets. “Blockchains present an enormous opportunity for the world’s banks and financial institutions, which have moved quickly to make investments in it,” they say. Accenture, a Fortune Global 500 company, is the world’s largest consulting firm as measured by revenues […]

The post Accenture Executives Propose Replacing Bitcoin with a Closed Blockchain appeared first on Bitcoin Magazine.

Posted on 31 July 2015 | 10:48 am

New Ethereum Foundation Executive Director and Board Members Signal a Reboot for Ethereum

One of the strengths of Ethereum is its decentralized nature, giving it a wider, more stable base. There are Ethereum project teams in different parts of the world, including Amsterdam, Berlin, Switzerland and Brazil. (For example, Geth was deployed by the Amsterdam team while Eth was produced by the Berlin team.) If there is a center to Ethereum, it would be in the beautiful town of Zug, Switzerland, home of the Ethereum Foundation that oversees the project’s finances, manages the funds raised in the Ether sale and determines the long-term vision and direction of Ethereum. Stephan Tual, chief communications officer for the Ethereum project, told Bitcoin Magazine that the new executive director and board members represent a fresh start, a […]

The post New Ethereum Foundation Executive Director and Board Members Signal a Reboot for Ethereum appeared first on Bitcoin Magazine.

Posted on 31 July 2015 | 10:37 am

Microsoft's Bing Launches Bitcoin Rewards Sweepstakes

A new partnership between Bing Rewards and startup Tango Card will let users of the search engine receive rewards in bitcoin.

Posted on 31 July 2015 | 8:20 am

You May Soon Get Bitcoin-Bought Cannabis Delivered by Drone

A company near San Fransisco has come up with a novel way to deliver bitcoin-purchased marijuana, via drone.

Posted on 31 July 2015 | 3:49 am

Report: Tokyo Police Seeking Fraud Charges Against Mt Gox CEO

The Tokyo Metropolitan Police is reportedly pursuing fraud charges against Mt Gox CEO Mark Karpeles.

Posted on 30 July 2015 | 2:08 pm

Kaspersky Data Shows Bitcoin Malware Attacks Declining in 2015

A new report from Kaspersky Lab shows that developers continue to target users with malware geared toward illicitly generating or stealing bitcoins.

Posted on 30 July 2015 | 12:51 pm

National Science Foundation Awards Research Grants on the Science and Applications of Cryptocurrency

The National Science Foundation has awarded research grants on the science and applications of crypto-currency, with approximately $1 million awarded to date. The NSF initiative is part of the “Secure and Trustworthy Cyberspace” program for cybersecurity research and development to minimize the dangers of cyber technology, promote education and training in cybersecurity, establish a science of cybersecurity and convert promising cybersecurity research into practice. The NSF grant has been awarded to Emin Sirer at Cornell University (grant information here), Elaine Shi, Michael Hicks, Jonathan Katz and David Van Horn at the University of Maryland (grant information here), and Dawn Song at the University of California-Berkeley (grant information here). Emin Sirer, an associate professor of computer science at Cornell University, researches […]

The post National Science Foundation Awards Research Grants on the Science and Applications of Cryptocurrency appeared first on Bitcoin Magazine.

Posted on 30 July 2015 | 11:49 am

Ethereum Launches Long-Awaited Decentralized App Network

Long one of the most ambitious projects in the industry, decentralized application platform Ethereum is set to open to the public tonight.

Posted on 30 July 2015 | 9:44 am

Bitcoin Exchange Igot Challenges Scam Allegations

The founder of Australia-based bitcoin exchange igot has refuted claims that his business is a scam.

Posted on 30 July 2015 | 5:47 am

Ripple Labs Taps US Treasury Official for Advisory Board

Blockchain startup Ripple Labs has added a former US Treasury Department official to its board of advisors.

Posted on 29 July 2015 | 12:19 pm

Survey: Consumers Say Bitcoin More Inconvenient Than Checks

A new survey has found that consumers believe bitcoin to be more inconvenient to use than traditional payment methods.

Posted on 29 July 2015 | 12:05 pm

US Government Funds $3 Million Cryptocurrency Research Initiative

Three US universities are set to conduct research on cryptocurrencies using roughly $3m in grant funding from the National Science Foundation.

Posted on 29 July 2015 | 10:55 am

Major Magazine Publisher to Accept Bitcoin Payments

Posted on 18 December 2014 | 12:43 pm

Microsoft accepts Bitcoin

Posted on 11 December 2014 | 5:06 am

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

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 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

August 4, 2015 -
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