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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

Financial Watchdog Rethinks AML Guidance for Banks and Bitcoin

The Financial Action Task Force (FATF) has taken note of the issues hindering partnerships between bitcoin businesses and banks.

Posted on 30 March 2015 | 9:01 am

Barclays CEO: The Banking Sector Has Not Yet Felt the Full Disruptive Force of Technology, but It Will

The Wall Street Journal reports that Wall Street is exploring innovative applications of digital currencies to mainstream banking and financial issues. The recent wave of Wall Street interest in Bitcoin technology is inspired by a growing appreciation of the inevitability of radical changes in the financial industry, which is long overdue for the kind of Internet-driven cost savings that have affected other industries. The emphasis is on efficiency and cost-effectiveness: Bitcoin technology could slash costs, cut settlement times and reduce default risks. The Journal mentions several recent digital fintech news items, including investment opportunities, announcements, acquisitions and appointments of high-profile financial professionals, reported by Bitcoin Magazine in the last few weeks. “It’s an opportunity for Wall Street to streamline some […]

The post Barclays CEO: The Banking Sector Has Not Yet Felt the Full Disruptive Force of Technology, but It Will appeared first on Bitcoin Magazine.

Posted on 30 March 2015 | 8:58 am

CoinDesk's Assumptions About the Bitcoin Community - Bitcoin Magazine


CoinDesk's Assumptions About the Bitcoin Community
Bitcoin Magazine
Editor's Note: In interest of full disclosure, CoinDesk is a competitor of Bitcoin Magazine. This article is a guest submission by Tom Hashemi, an experienced professional who has conducted market research for Shell, PayPal, Toyota, KPMG, and the ...

Posted on 30 March 2015 | 8:06 am

CoinDesk’s Assumptions About the Bitcoin Community

Editor’s Note: In interest of full disclosure, CoinDesk is a competitor of Bitcoin Magazine. This article is a guest submission by Tom Hashemi, an experienced professional who has conducted market research for Shell, PayPal, Toyota, KPMG, and the Digital Currency Council. The same observations he makes about CoinDesk’s representation of the entire Bitcoin community apply equally to Bitcoin Magazine. “Making assumptions simply means believing things are a certain way with little or no evidence that shows you are correct, and you can see at once how this can lead to terrible trouble.” – Lemony Snicket CoinDesk, one of the premier outlets for news and analysis on digital currencies, has made a request of its readers. Fill in this survey, they asked, and […]

The post CoinDesk’s Assumptions About the Bitcoin Community appeared first on Bitcoin Magazine.

Posted on 30 March 2015 | 8:05 am

Bitcoin's 'First Felon' Charlie Shrem Begins 2-Year Sentence

Bitcoin entrepreneur Charlie Shrem begins his stint in prison today, having been sentenced in December to two years behind bars.

Posted on 30 March 2015 | 6:57 am

Bitcoin Around the World: Turkey - Inside Bitcoins


Inside Bitcoins

Bitcoin Around the World: Turkey
Inside Bitcoins
When one looks at a map of the world, it might seem a little odd that Europe and Asia are considered to be two separate continents. The distinction is arbitrary only in the sense that even the boundaries themselves have shifted from time to time ...

Posted on 30 March 2015 | 6:50 am

Bitcoin in China still chugging along, a year after clampdown - PCWorld


Bitcoin in China still chugging along, a year after clampdown
PCWorld
A year after China began tightening regulations around Bitcoin, the virtual currency is still thriving in the country, albeit on the fringes, according to its largest exchange. Bitcoin prices may have declined, but Chinese buyers are still trading the ...
Bitcoins in Space: BitSat to Protect Bitcoin's Future in OrbitCryptoCoinsNews

all 13 news articles »

Posted on 30 March 2015 | 6:22 am

Caribbean Bitcoin Exchange Launches Following $1.5 Million Raise - CoinDesk


Brave New Coin

Caribbean Bitcoin Exchange Launches Following $1.5 Million Raise
CoinDesk
Caribbean digital currency exchange Bitt has launched today, having secured $1.5m seed funding from local VC group Avatar Capital. The exchange, based in Barbados, is powered by AlphaPoint, an exchange technology platform provider that also offers its ...
Bitt Secures $1.5 Million To Service The Caribbean's UnderbankedCoinBuzz
Caribbean Startup Bitt Secures Seed Round USD$1.5 Million in Capital Led by ...GlobeNewswire (press release)
Bitt Raises $1.5 MillionBrave New Coin

all 4 news articles »

Posted on 30 March 2015 | 3:24 am

Caribbean Bitcoin Exchange Launches Following $1.5 Million Raise

Barbados-based startup Bitt is launching a digital currency exchange today, having secured $1.5 million in seed funding from Avatar Capital

Posted on 30 March 2015 | 3:23 am

Interest in Bitcoin Grows on Wall Street - Wall Street Journal (blog)


Wall Street Journal (blog)

Interest in Bitcoin Grows on Wall Street
Wall Street Journal (blog)
Corporate America is gradually warming to bitcoin. Amid a slew of deals involving prominent finance and tech companies lie signs that the U.S. business establishment is exploring innovative new enterprise uses for digital currencies. They are making ...
Bitcoin for International Petroleum Trade?newsBTC
Bitcoin Goes MainstreamPYMNTS.com
Book Review – The Age of Cryptocurrency: How Bitcoin and Digital Money are ...Somewhat Reasonable - Heartland Institute (blog)
CoinTelegraph -CryptoCoinsNews -Bitcoin Magazine
all 10 news articles »

Posted on 29 March 2015 | 3:46 pm

ProTip App Proposes Bitcoin Solution for Content Monetization

In an interview with CoinDesk, developer Chris Ellis discusses the ProTip project and how it hopes to solve past micropayments challenges.

Posted on 29 March 2015 | 12:40 pm

A brief history of bitcoin - and where it's going next - The Next Web


CoinTelegraph

A brief history of bitcoin - and where it's going next
The Next Web
Since 2008, bitcoin adoption has been influenced by a diverse range of factors that have made it one of the most volatile currencies in the world. Yet, despite such volatility, more than 100,000 bitcoin transactions are taking place per day and the ...
The Future of Bitcoin, Litecoin & Dogecoin (Op-Ed)CoinTelegraph
Bitcoin Service My Wallet Ltd. Pays Top Money For Your Coins, Why?Bitcoinist.net
My Wallet LTD to Install BTC ATMs in London, Berlin and Other Capital Cities ...ForexMinute.com

all 5 news articles »

Posted on 29 March 2015 | 3:07 am

Houston Bitcoin Embassy Opens

Houston, we have a problem. We need more cutting edge tech entrepreneurs. Luckily there’s a new space in Houston, Texas, built just for that, provided by Cryptospaces, which is backed by bitcoin consulting company, FinalHash. Located at 6907 Almeda Rd., the Houston Bitcoin Embassy is an incubator/ coworking space dedicated to tech startups. There are also plans to install a bitcoin ATM in the facility by the end of April. The Embassy is home to the Texas Coinitiative, a non-profit organization that promotes the use of Bitcoin in Texas. The Coinitiative mission statement reads: “We believe that our growing community will help to shape progress in this field. Come network with traders, entrepreneurs and innovators working in one of the […]

The post Houston Bitcoin Embassy Opens appeared first on Bitcoin Magazine.

Posted on 28 March 2015 | 3:22 pm

Fred Wilson on the Proposed Bitlicense Regulations

VC Fred Wilson shares his thoughts on New York State's revised Bitlicense regulations and the impact they may have on companies in the sector.

Posted on 28 March 2015 | 8:00 am

Secret Service Agent: Digital Currencies Fueling Cybercrime

A special agent with the US Secret Service spoke out against bitcoin this week, arguing its primary use case is in illicit transactions.

Posted on 27 March 2015 | 4:15 pm

Spare Change-to-Bitcoin Service Lawnmower Aims for Main Street Investor Appeal

Lawnmower has opened its spare change-to-bitcoin service in beta, in what it hopes will be a product that successfully entices novice investors.

Posted on 27 March 2015 | 3:51 pm

BitLicense Comment Period Closes; Fred Wilson, Coinbase, Coin Center Weigh In

The 30-day period for public comments on the latest draft of New York’s BitLicense proposal comes to a close today, March 27th. While the original comment period did result in tremendous developments to the proposal, many in the bitcoin intustry felt that there were still many onerous components that inhibit the development of new companies. Fred Wilson, founding partner at Union Square Ventures, said on his blog that startups should have to follow all the rules and laws of the land. “However, the arrival of new technologies should always be seen as an opportunity to review and update our laws and regulations in accordance with the benefits and challenges brought by these new technologies.” http://avc.com/2015/03/comments-on-the-proposed-bitlicense-regulations/ But Wilson argued that the revision […]

The post BitLicense Comment Period Closes; Fred Wilson, Coinbase, Coin Center Weigh In appeared first on Bitcoin Magazine.

Posted on 27 March 2015 | 3:23 pm

Bitcoin in the Headlines: Wall Street Goes 'Nuts'

This week media coverage galvanized around positive stories reflecting the increasing interest of Wall Street in bitcoin technology.

Posted on 27 March 2015 | 1:05 pm

Bitcoin's Blockchain Offers Safe Haven For Malware And Child Abuse, Warns ... - Forbes


Forbes

Bitcoin's Blockchain Offers Safe Haven For Malware And Child Abuse, Warns ...
Forbes
The blockchain, the public ledger of all Bitcoin transactions, has all kinds of good uses outside of providing stability for the world's most popular cryptocurrency, from decentralised data storage to super-flexible email. But it can also be put to ...
Bitcoin Technology Is A Dream Come True For CriminalsnewsBTC

all 7 news articles »

Posted on 27 March 2015 | 10:35 am

The Bitcoin Investment Trust (BIT) Goes Live with Ticker GBTC

A few weeks ago Bitcoin Magazine reported that the Bitcoin Investment Trust (BIT) was about to become the first publicly traded Bitcoin fund. On Thursday, the BIT received formal approval for listing on the OTC Markets Group’s OTCQX exchange. The fund is listed with the symbol GBTC, and trading is expected to begin early next week. Barry Silbert announced on Twitter that the BIT fund is live and waiting for eligible shareholders to deposit their shares and sell. The BIT is the first product from Silbert’s new Grayscale Investments, a digital-asset management firm being launched concurrently by his Digital Currency Group. The Wall Street Journal notes that the BIT is the latest addition to the growing number of bitcoin trading […]

The post The Bitcoin Investment Trust (BIT) Goes Live with Ticker GBTC appeared first on Bitcoin Magazine.

Posted on 27 March 2015 | 9:29 am

British Banking Association: Bitcoin is a Real Threat to Banks

As cryptocurrencies grow in popularity, they will continue to threaten revenue streams of the traditional banking system, according to a new report from the British Banking Association (BBA). A section of The Digital Disruption: UK Banking Report looks specifically at cryptocurrencies and the impact they have already had, and will continue to have, on people's […]

Posted on 27 March 2015 | 7:47 am

Bitcoin-to-Cash Service Bit2Me Cancels Fees to Stay Competitive

Bitcoin-to-cash service Bit2Me has cancelled its commission fees in a bid to remain competitive in the Spanish market.

Posted on 27 March 2015 | 5:19 am

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Why a New SEC Ruling Could Be 'Revolutionary' for Bitcoin Crowdfunding

Attorney Jared Marx explores a recent SEC decision on crowdfunding - and the implications for startups.

Posted on 26 March 2015 | 3:18 pm

Bitcoin Investment Trust Sponsor Launches Ahead of Market Debut

Grayscale director Michael Sonnenshein discusses the launch of the newest among a group of companies in Barry Silbert's Digital Currency Group.

Posted on 26 March 2015 | 2:20 pm

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

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?

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

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

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

Bitnet Onboards Cardinal Commerce; Brings Bitcoin Integration Opportunities to New Merchants

Whether it’s going to legacy payment technology trade shows or partnering with legacy payment processors, Bitcoin companies have found that there is something to be said for partnering with the old rather than just forgetting it exists. Bitnet today announced that it had joined forces with Cardinal Commerce, a global provider in the remote payments industry. Now, all of the companies in the Cardinal Commerce platform will have the option of implementing bitcoin acceptance. These include international retail giants such as Lenovo, Toshiba, GameStop, Tiffany & Co., and Urban Outfitters. It also includes leading travel companies such as Delta Airlines, Orbitz, Travelocity, and Hotwire. As with many of the bitcoin payment processing technologies, merchants will be able to price their goods in one […]

The post Bitnet Onboards Cardinal Commerce; Brings Bitcoin Integration Opportunities to New Merchants appeared first on Bitcoin Magazine.

Posted on 25 March 2015 | 8:39 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

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

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

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

Bitcoincharts and SSL

Posted on 4 March 2014 | 2:21 pm

Mt.Gox Statement

Posted on 3 March 2014 | 3:44 am

March 30, 2015 -
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