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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

Wall Street takes a keen interest in Bitcoin's technology - San Antonio Express-News (subscription)


San Antonio Express-News (subscription)

Wall Street takes a keen interest in Bitcoin's technology
San Antonio Express-News (subscription)
At one private meeting, held in April at one of the Manhattan offices of Bank of America, executives from more than a dozen large banks gathered to confidentially discuss how the technology underlying Bitcoin could be used to change foreign currency ...

and more »

Posted on 4 September 2015 | 6:11 pm

Payments Vets Join Brazilian Blockchain Startup

Brazil-based bitcoin startup Rippex has announced the former founders of digital payments gateway PagSeguro have joined its team.

Posted on 4 September 2015 | 3:37 pm

Keenevention 2015 to Feature Bitcoin's Head Programmer, Gavin Andresen - Free Keene


Free Keene

Keenevention 2015 to Feature Bitcoin's Head Programmer, Gavin Andresen
Free Keene
When the anonymous “Satoshi Nakamoto” released Bitcoin to the world, Satoshi chose a successor as the “core maintainer”, aka chief developer of the open source, decentralized, non-governmental internet money. Gavin Andresen was Satoshi's pick.

Posted on 4 September 2015 | 3:22 pm

Online Bitcoin Clothes Store Launches Twitter Giveaway - newsBTC


newsBTC

Online Bitcoin Clothes Store Launches Twitter Giveaway
newsBTC
Every subculture comes with T-shirts, and Bitcoin's is no different. It has roots in places like the video game community, which has fawned over Nintendo tees since game time immemorial. Bitcoin Not Bombs is one of the most recognizable, you but others ...

Posted on 4 September 2015 | 1:44 pm

The Bitcoin Debate, Forked - The Weekly Standard (blog)


99 Bitcoins (blog)

The Bitcoin Debate, Forked
The Weekly Standard (blog)
Bitcoin value dropped significantly in August, which proves that Bitcoin and crypto-currency markets are still developing. The value of Bitcoin is tumultuous to put it lightly, but dropping from $256 on August 17th to $200 on the 25th of August is ...
Understanding micropayments and Bitcoin's role99 Bitcoins (blog)

all 3 news articles »

Posted on 4 September 2015 | 12:16 pm

Research: Ashley Madison Bitcoin Blackmail is Cheap and Profitable

A cybersecurity firm has released the results of a blockchain analysis into blackmail attempts against online infidelity website Ashley Madison.

Posted on 4 September 2015 | 11:55 am

UBS to Develop Yet Another ‘Permissioned Blockchain’ for Banks

In April, Bitcoin Magazine reported that UBS was planning to investigate blockchain technology in a new innovation lab based in London. The innovation lab is located in Level39, Europe’s largest technology accelerator space for finance and cyber-securities, and focuses on exploring the role of blockchain technology in financial services. UBS, a Swiss global financial services company with its headquarters in Basel and Zürich, is the biggest Swiss bank and is considered as the world’s largest manager of private wealth assets, with more than 2.2 trillion Swiss francs (CHF) in invested assets. In August, the bank launched a “Future of Finance Challenge” for financial technology entrepreneurs and startups. The Future of Finance Challenge covers a broad range of emerging fintech areas, including […]

The post UBS to Develop Yet Another ‘Permissioned Blockchain’ for Banks appeared first on Bitcoin Magazine.

Posted on 4 September 2015 | 9:55 am

Gold And Bitcoin Could be the Beneficiaries of China's Woes - Nasdaq


CoinTelegraph

Gold And Bitcoin Could be the Beneficiaries of China's Woes
Nasdaq
The one area where the events unfolding in China, however, do have an effect is on Bitcoin, and yet we have heard very little of that from the financial media. In many ways, the type of crisis that China is going through is exactly what Bitcoin was ...
Chinese Capital Controls May Create Next Bitcoin BoomCoinTelegraph
Chinese capital controls make way for bitcoin growthEconoTimes

all 3 news articles »

Posted on 4 September 2015 | 9:48 am

US Marshals: Final Silk Road Bitcoin Auction Likely for 2015 - CoinDesk


CoinDesk

US Marshals: Final Silk Road Bitcoin Auction Likely for 2015
CoinDesk
The US Marshals Service (USMS) has revealed it is likely to auction off any remaining bitcoins confiscated from convicted Silk Road mastermind Ross Ulbricht sometime in 2015. In total, the USMS seized more than 144,000 BTC (then worth $122m) from ...

Posted on 4 September 2015 | 9:27 am

US Marshals: Final Silk Road Bitcoin Auction Likely for 2015

The US Marshals Service (USMS) has revealed it will announce the date on which it will auction off remaining Silk Road bitcoins in 2015.

Posted on 4 September 2015 | 9:20 am

Bitcoin Spam Tests 'Could Violate UK Law' - CoinDesk


EconoTimes

Bitcoin Spam Tests 'Could Violate UK Law'
CoinDesk
The bitcoin stress tests planned by CoinWallet could breach UK law, a legal professional has suggested. The claim was first posted on Reddit yesterday, with user 'btcdrak' asserting: "The Computer Misuse Act 1990 in the United Kingdom makes it an ...
CoinWallet Begins Pre-test of Bitcoin Network, Schedules Largest Stress Test ...Bitcoin Magazine
Bitcoin network stress test to be held next weekEconoTimes
SEP 4 DIGEST: CoinWallet Conducts 'Stress Pre-test'; Hollywood Agency to Adapt ...CoinTelegraph
Lifeboat Foundation (blog)
all 6 news articles »

Posted on 4 September 2015 | 7:49 am

Bitcoin Spam Tests 'Could Violate UK Law'

The bitcoin stress tests planned by CoinWallet could breach UK law, a legal professional has suggested.

Posted on 4 September 2015 | 7:39 am

Canadian Techie Contesting Elections to Promote Bitcoin - newsBTC


newsBTC

Canadian Techie Contesting Elections to Promote Bitcoin
newsBTC
The quest of promoting “freedom of money” has brought one Bitcoin enthusiast to the verge of joining politics. D Alex Millar, a former high school teacher and an experienced software engineer, has decided to run for Canada's upcoming federal elections ...

Posted on 4 September 2015 | 7:08 am

Bitcoin Goes Hollywood And Barclays' Bitcoin Bet - PYMNTS.com


PYMNTS.com

Bitcoin Goes Hollywood And Barclays' Bitcoin Bet
PYMNTS.com
(Do you think he will be paid in bitcoins?) Lehane is most known for writing “Shutter Island” and “Gone Baby Gone” — two flicks with plenty of scandal and plot twists. The Silk Road story is right up his alley. That was among the details revealed by ...

Posted on 4 September 2015 | 5:32 am

Timeline: What Central Banks Have Said About Bitcoin in 2015

Who's said what about bitcoin and when? Check out our interactive timeline below for a refresher on the stance of central banks this year.

Posted on 4 September 2015 | 4:13 am

UBS Sheds New Light on Blockchain Experimentation

Researchers at the London innovation lab of Swiss banking giant UBS are developing a new blockchain implementation for transaction settlement.

Posted on 3 September 2015 | 1:41 pm

GameCredits to Integrate Digital Currencies in TurboCharged Racing and Other Video Games

GameCredits, a cryptographic payments platform for gamers and game developers is set to integrate digital currencies including its own altcoin called GMC in three video games, one of which was released on September 2. “GameCredits is the first free open source gaming currency made by gamers for gamers and game developers,” explained the GameCredits team. The company believes that the integration of cryptocurrencies in video games could help increase digital currency adoption, and spur mainstream adoption for many alt-coins. “We at GameCredits are breaching this chasm and are baldly exploring those uncharted waters – all in the name of providing crypto currencies the mainstream adoption they deserve,” GameCredits Monetization Expert Silvio Gucek explained. The video game industry is one of the […]

The post GameCredits to Integrate Digital Currencies in TurboCharged Racing and Other Video Games appeared first on Bitcoin Magazine.

Posted on 3 September 2015 | 10:16 am

itBit Hires Former NYDFS General Counsel Daniel Alter, Pushes Ahead with Bankchain Project

In April, Bitcoin Magazine reported that Bitcoin exchange itBit had filed for a banking license in New York. Later in May, itBit was granted a trust charter by the New York Department of Financial Services (NYFDS) under New York State banking law, the first such charter granted to a digital currency company by the NYDFS. ItBit also announced the successful completion of a $25 million Series A funding round. On September 2, itBit announced the appointments of Daniel “Danny” Alter as the company’s new general counsel and chief compliance officer, and Kim Petry as chief financial officer. Petry was previously CFO of global operations and technology at Broadridge Financial Services and, before that, served as CFO and vice president of […]

The post itBit Hires Former NYDFS General Counsel Daniel Alter, Pushes Ahead with Bankchain Project appeared first on Bitcoin Magazine.

Posted on 3 September 2015 | 9:47 am

Election Hopeful Wants Canada to Recognise Bitcoin as Currency

A candidate running in Canada's upcoming federal election says he wants to give bitcoin an equal footing with the dollar.

Posted on 3 September 2015 | 5:33 am

Timeline: An Overview of Bitcoin in India

An interactive timeline providing a detailed history of bitcoin-related events in India to date.

Posted on 3 September 2015 | 4:02 am

Bitcoin Exchange itBit Hires NYDFS Lawyer for Compliance Role

ItBit has hired former NYDFS general counsel Daniel "Danny" Alter as its general counsel and chief compliance officer.

Posted on 2 September 2015 | 3:36 pm

Proposed California Bitcoin Bill Adds New Reporting Requirements

The California Senate Appropriations Committee has voted 6-1 to advance a bill that would create a licensing regime for bitcoin companies.

Posted on 2 September 2015 | 2:18 pm

Paymium Raises €1 Million to Boost Bitcoin Merchant Onboarding

Bitcoin payments services startup Paymium has raised €1m in new seed funding from investors including Newfund and Kima Ventures.

Posted on 2 September 2015 | 10:46 am

Blythe Masters and Wall Street Opt for ‘Permissioned’ Non-Bitcoin Blockchains

Major banks and mainstream financial institutions are warming up to the blockchain technology that powers Bitcoin, and launching internal experiments and pilot projects to find out how they can use the blockchain. However, most banks frown at the chaotic anarchy of public “permissionless ledgers” like the Bitcoin blockchain, where any individual anonymous user can join and contribute hashpower to verify transactions without having to ask anyone’s permission. Instead, they would prefer “permissioned ledgers” owned and by the banks, which can be operated only by vetted players. Think of “BankCoin” blockchains that only the banks and the authorities have access to. Since this trend appears to be rising fast, many startups are developing infrastructures for permissioned ledgers. SETL is a permissioned […]

The post Blythe Masters and Wall Street Opt for ‘Permissioned’ Non-Bitcoin Blockchains appeared first on Bitcoin Magazine.

Posted on 2 September 2015 | 10:03 am

Coinbase Expands to Canada and Singapore to ‘Spur Mainstream Bitcoin Adoption’

Leading bitcoin exchange and wallet provider Coinbase has expanded its services to Canada and Singapore as a part of its project to expand their services globally. Now, consumers in Singapore are able to buy and sell bitcoin for Singapore dollars through Coinbase. This follows the company’s announcement from ealier this week that Coinbase users based in Canada will be able to buy and sell bitcoin with Canadian dollars instantly, using the Coinbase Wallet. Additionally, users will be able to buy and sell bitcoin with a Canadian bank account directly and trade BTC/CAD on Coinbase’s exchange. “Our mission at Coinbase is to spur mainstream bitcoin adoption, which we’ve set out to achieve by providing people with a simple, secure on-ramp to […]

The post Coinbase Expands to Canada and Singapore to ‘Spur Mainstream Bitcoin Adoption’ appeared first on Bitcoin Magazine.

Posted on 2 September 2015 | 9:23 am

Coinbase Expands to Asia With Singapore Market Launch

Bitcoin services firm Coinbase has expanded to Singapore, a move that marks the $106m startup's introduction to the Asian market.

Posted on 2 September 2015 | 7:20 am

BitFury Completes 16NM Bitcoin Mining ASIC Tape-Out

BitFury has announced it has completed the tape-out for its 16NM ASIC bitcoin mining chips.

Posted on 2 September 2015 | 7:01 am

LocalBitcoins Back Online Following 'Hardware Failure'

Global bitcoin marketplace LocalBitcoins is operating again following over six hours of downtime it attributed to a "hardware failure". The company announced the outage at 20:22 UTC yesterday. By 03:02 it said the service was "back up and running", though it appears some site functionality – including user logins – is still problematic. LocalBitcoins community manager 'Max' told Reddit the problem […]

Posted on 2 September 2015 | 4:16 am

UK Government Exploring Use of Blockchain Recordkeeping

The UK government is exploring the use of blockchain technology in improving the transparency and accuracy of its record keeping.

Posted on 1 September 2015 | 2:32 pm

Bitcoin Developers Pen Open Letter on Network Scalability

More than 30 bitcoin developers and contributors have signed a letter that discusses how the project aims to achieve consensus for scalability.

Posted on 1 September 2015 | 12:35 pm

Volume of Bitcoin Trades Continues Surge in Brazil

Volume of bitcoin trades in Brazil increased rapidly in Brazil since May. Over the last few months, the volume of all bitcoin trades have risen from US$1.65 million to US$2.6 million, showing a 158 percent monthly increase in trading volumes across all exchanges. In August, Mercado Bitcoin, the largest bitcoin exchange in Brazil alone has processed 28.48 percent of all market share or US$740,480 worth of bitcoin trades. Image via bitValor According to BaseBit founder Daniel Novy, the majority of bitcoin-related news presented by major news outlets in Brazil is negative and affects the potent Brazilian population that is underbanked and underserved by financial institutions. Despite the negative image of bitcoin built by the media, many merchants are becoming more […]

The post Volume of Bitcoin Trades Continues Surge in Brazil appeared first on Bitcoin Magazine.

Posted on 1 September 2015 | 11:12 am

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

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 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

September 5, 2015 -
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