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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

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' - CoinDesk


The Winklevoss Brothers on Gemini, the 'NASDAQ of Bitcoin'
CoinDesk
Cameron and Tyler Winklevoss aren't shy about issuing bold predictions for Gemini, their recently revealed bitcoin exchange project. Calling it the "NASDAQ or Google of bitcoin", the president and CEO, respectively, believe Gemini will be the fully ...

Posted on 29 January 2015 | 9:08 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

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

Bill Gates: 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 Trades Weaker for a Second DayForex 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

BitGold Backed By Sprott in Public Stock Market Deal

Canada's BitGold has gone public following a reverse merger with mineral exploration company Loma Vista Capital.

Posted on 28 January 2015 | 3:15 pm

Bill Gates: Digital Currency Can Help the Poor, But Not Bitcoin - Gizmodo


CryptoCoinsNews

Bill Gates: Digital Currency Can Help the Poor, But Not Bitcoin
Gizmodo
Bill Gates has high hopes for digital currency as an important banking tool for the poor. But Bitcoin isn't one of those currencies, he said in a Reddit AMA today. At least not in its current form. Gates extolled the value of digital currency in his ...
News in BriefCoinDesk
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 181 news articles »

Posted on 28 January 2015 | 1:50 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

Coinbase, a Bitcoin Exchange, Is Operating Without Licenses So Far - New York Times


SFGate

Coinbase, a Bitcoin Exchange, Is Operating Without Licenses So Far
New York Times
Updated, 8:16 p.m. | The best-funded company in the Bitcoin industry appears to be operating without the proper licenses in the world's financial capital. Coinbase, a company based in San Francisco with funding from the New York Stock Exchange and ...
Bitcoin exchange claims it is 'regulated,' but not in CaliforniaSFGate
New Coinbase Bitcoin Exchange Is the Best One YetNasdaq
Opinion: Bitcoin has no place in any portfolioMarketWatch
Daily Beast -CryptoCoinsNews -CIO Today
all 45 news articles »

Posted on 28 January 2015 | 8:16 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

Citi Digital Chief: Bitcoin's Economics Are Flawed

Citi's head of digital strategy doesn't think bitcoin is ready for mass adoption, speaking at a panel organised by his bank in London.

Posted on 27 January 2015 | 1:55 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

Spark Capital, Aleph Lead $2.5 Million Investment in Colored Coins Startup Colu

Colored coins startup Colu has raised $2.5m from former Twitter and Tumblr investor Spark Capital, VC firm Aleph and more.

Posted on 27 January 2015 | 12:40 pm

California Regulator: Coinbase Exchange 'Not Regulated or Licensed'

California's top money transmitter regulator has released a statement saying that Coinbase's new exchange is not licensed to operate in the state.

Posted on 27 January 2015 | 11:57 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

How Bitcoin Compares to Fiat Currency’s House of Cards

Double standards are like mosquitoes to me: after hearing their buzz for a while, I want nothing more than to shine a flashlight their way and swat them down mercilessly. One such double standard is the harsh way in which economists and commentators criticize Bitcoin technology, while at the same time taking for granted the financial system that they live under every day. Yes, the value of Bitcoin and other cryptocurrencies is very volatile still, and the ecosystem that develops around them has been a Wild West so far. But in the six years of Bitcoin’s existence, the underlying technology—decentralized and open source in nature—has proven itself to be extremely robust and constantly evolving. Bad computer code is replaced over […]

The post How Bitcoin Compares to Fiat Currency’s House of Cards appeared first on Bitcoin Magazine.

Posted on 23 January 2015 | 10:21 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

Bitcoin Magazine Joins the Growing BTC Media Family

Bitcoin Magazine Is Better than Ever! Bitcoin Magazine is the oldest surviving media outlet in the cryptocurrency industry, dating back to its launch in 2012 (eons ago in Bitcoin time). Bitcoin Magazine has been there covering the highs and lows of the Bitcoin revolution, and to many of us it provided our first exposure to the future of money. More than anything, Bitcoin Magazine has been a resource and voice for the Bitcoin community at large–representing the most diverse groups of individuals in commerce today. However, as Bitcoin has grown from a nascent technology to a financial juggernaut, the magazine has faced challenges scaling itself to the ever-increasing needs of its core community, not to mention its expanding rings of […]

The post Bitcoin Magazine Joins the Growing BTC Media Family appeared first on Bitcoin Magazine.

Posted on 15 January 2015 | 11:41 am

Last Issues of Original Bitcoin Magazine on Sale Now!

Check out the Bitcoin Magazine Store, where you’ll find special values on single and bundled back issues of the authentic voice of the cryptocurrency community. Take advantage of the last remaining artifacts of the original Bitcoin Magazine–offering you a limited-time opportunity to complete your magazine collection and own a piece of Bitcoin history. As a gift to the Bitcoin community, we’ve also made all past issues available for download as DRM-free, pay-what-you-want PDFs.

The post Last Issues of Original Bitcoin Magazine on Sale Now! appeared first on Bitcoin Magazine.

Posted on 15 January 2015 | 11:39 am

Microsoft accepts Bitcoin

Posted on 11 December 2014 | 5:06 am

Mozilla accepting Bitcoin

Posted on 20 November 2014 | 1:55 pm

Advertise with Anonymous Ads

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 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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