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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

American Banker Conference: Lines Drawn in Blockchain Debate

American Banker's Digital Currencies + the Blockchain featured speakers from across the blockchain and finance sectors.

Posted on 28 July 2015 | 4:00 pm

Former Visa Senior VP Says Bitcoin is Probably the Biggest Fintech Innovation - newsBTC


newsBTC

Former Visa Senior VP Says Bitcoin is Probably the Biggest Fintech Innovation
newsBTC
Bitnet founder and former senior Vice President at Visa John McDonnell says that bitcoin is probably the biggest fintech innovation since electronic payments. In his recent podcast interview with Epicenter Bitcoin, he explained how the cryptocurrency ...

Posted on 28 July 2015 | 3:11 pm

Benjamin Lawsky: ‘I’m Doing No Work in the Digital Currency Space’

The former superintendent of the New York Department of Financial Services (NYDFS) and the creator of the much maligned BitLicense revealed today that he’s not working in the digital currency space. “I’m doing no work in the digital currency space,” said Benjamin Lawsky at the America Banker Conference in New York City. “The rules are clear,” Lawsky explained. “I can’t work in the Bitcoin space on anything related to my work at NYDFS or BitLicense.” When Lawsky announced in May that he was stepping down, he revealed that he would be launching his own legal consultancy. The New York Post had reported that Lawsky “plans to advise companies on financial matters such as cybersecurity and digital currencies like bitcoin, a new sphere […]

The post Benjamin Lawsky: ‘I’m Doing No Work in the Digital Currency Space’ appeared first on Bitcoin Magazine.

Posted on 28 July 2015 | 12:08 pm

Settling the Block Size Debate

This is a guest post by Eric Lombrozo, the Co-CEO and CTO of Ciphrex Corp., a software company pioneering decentralized consensus network technology. Lombrozo is also a founding member of the CryptoCurrency Security Standards Steering Committee and has been a longtime contributor to the open source Bitcoin core development effort. Introduction In the last few months, a contentious debate has arisen surrounding the issue of a hardcoded constant in the consensus rules of the Bitcoin network. While on the surface it appears to be a simple enough change, this single issue has opened up a veritable Pandora’s box. What is the block-size limit and why is it there? When the Bitcoin network was in infancy, several assumptions had to be made regarding […]

The post Settling the Block Size Debate appeared first on Bitcoin Magazine.

Posted on 28 July 2015 | 12:05 pm

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Bitcoin-Friendly Payment Processor Stripe Raises New Funding, Partners with Visa and American Express

Payment processor Stripe has raised new funding from Visa, American Express, Sequoia Capital and other investors, valuing the company at $5 billion, The New York Times reports. The new funding comes six months after a previous funding round of $70 million, at a $3.5 billion valuation. Stripe didn’t disclose the amount of new funding, and said only that it was “less than $100 million.” American Express and Sequoia Capital were existing investors in Stripe, but Visa and venture-capital firm Kleiner Perkins Caufield & Byers are new investors, The Wall Street Journal reports. The most interesting aspect of the deal is the acquisition of Visa, one of the world’s largest credit card companies, as an investor and a partner. Stripe and […]

The post Bitcoin-Friendly Payment Processor Stripe Raises New Funding, Partners with Visa and American Express appeared first on Bitcoin Magazine.

Posted on 28 July 2015 | 11:39 am

NewsBTC to Provide Bitcoin News Services in Mexico - newsBTC


newsBTC

NewsBTC to Provide Bitcoin News Services in Mexico
newsBTC
Popular Bitcoin news media service NewsBTC has decided to expand its operations to Mexico, a step that will enable people to access the local Bitcoin news and industry updates in Spanish. The decision to expand into the South American sector has come ...

Posted on 28 July 2015 | 11:04 am

Bitcoin Focused HashingSpace Corporation Announces New Ticker Symbol “HSHS”, Files 8-K, and Completes Reverse Merger

Bitcoin Press Release: US based HashingSpace Corporation (OTCQB: HSHS) is pleased to announce it has completed a reverse merger, and a ticker change from the old ticker MLSOD to HSHS. HashingSpace provides a wide range of services to the Bitcoin and blockchain communities including hosted ASIC mining and Bitcoin ATM’s. WENATCHEE, WA / July 27, 2015 / HashingSpace Corporation (OTCQB: HSHS), a Bitcoin ASIC mining and hosting company, announced today that it has completed a reverse merger transaction with Milestone International Corporation. HashingSpace completed its’ 8-K filing with the United States Securities and Exchange Commission. HashingSpace will be traded on the OTC Markets with the symbol HSHS. The reverse merger was completed on July 10, 2015. HashingSpace Corporation merged with […]

The post Bitcoin Focused HashingSpace Corporation Announces New Ticker Symbol “HSHS”, Files 8-K, and Completes Reverse Merger appeared first on Bitcoin Magazine.

Posted on 28 July 2015 | 9:54 am

Microsoft Explores Blockchain Tech's Use for Social Good

The topic of how blockchain technology can be used to support social good was discussed at an event hosted by Microsoft last night.

Posted on 28 July 2015 | 9:32 am

Wall Street's former Queen of commodities just made her pitch for why Bitcoin ... - Business Insider


Business Insider

Wall Street's former Queen of commodities just made her pitch for why Bitcoin ...
Business Insider
That is according to Blythe Master, the chief executive of Digital Asset Holdings, and one of the biggest names in the business. Speaking Tuesday at SourceMedia's Convene conference in midtown Manhattan, Masters said: "The potential addressable markets ...
Wall Street's 'Queen of Commodities': "Bitcoin tech is the future"99 Bitcoins (blog)

all 4 news articles »

Posted on 28 July 2015 | 8:39 am

Mike Tyson stepping into the bitcoin ring - CNBC


CNBC

Mike Tyson stepping into the bitcoin ring
CNBC
Mike Tyson is getting into the bitcoin market, apparently sponsoring an ATM that allows users to convert real-world cash into the digital currency. Tyson, who was the former heavyweight boxing champion of the world, tweeted on Saturday the link to a ...
Mike Tyson wants a bite of the Bitcoin marketVentureBeat
Mike Tyson Enters Bitcoin ArenaCBS Local
Mike Tyson Bitcoin ATM Owner Hits Back at Scam AccusationsCoinDesk
Las Vegas Sun -PYMNTS.com
all 22 news articles »

Posted on 28 July 2015 | 7:18 am

New Service Finds Optimum Bitcoin Transaction Fee

A new service, CoinTape, is offering bitcoin users an answer to the burning question: what is the optimum transaction fee?

Posted on 28 July 2015 | 5:16 am

5 Things Bitcoin Owners Must Do When Estate Planning - CoinDesk


CoinDesk

5 Things Bitcoin Owners Must Do When Estate Planning
CoinDesk
Jeff Vandrew is a licensed attorney, a Certified Public Accountant and a Certified Financial Planner. Based in New Jersey, he restricts his practice to two areas: estate planning and tax planning. Here he explains the steps bitcoin holders should take ...

Posted on 28 July 2015 | 3:55 am

Accenture Directors: Blockchains Must Move Beyond Bitcoin

Two Accenture directors have published a new article suggesting that blockchains must operate without bitcoin to be used by major financial firms.

Posted on 27 July 2015 | 2:45 pm

Can Bitcoin Change Wi-Fi For the Better?

We take a look at the companies hoping to increase the ease of WiFi access with bitcoin micropayments.

Posted on 27 July 2015 | 1:52 pm

8 Banking Giants Embracing Bitcoin and Blockchain Tech - CoinDesk


CoinDesk

8 Banking Giants Embracing Bitcoin and Blockchain Tech
CoinDesk
In its relative short history, bitcoin – and its underlying technology the blockchain – have captivated thinkers around the world, but not everyone was quick to see the potential. Due in part to its initial billing as a threat to the traditional ...
French banks planning bitcoin projectsITProPortal
Bitcoin Shows the Way for Creating a Sustainable Local EconomynewsBTC
BNP Paribas 'Testing' Bitcoin For Currency FundsTechWeekEurope UK
Coinspeaker -Compliancy Services
all 7 news articles »

Posted on 27 July 2015 | 12:33 pm

8 Banking Giants Embracing Bitcoin and Blockchain Tech

Despite an initial skepticism, major financial institutions are beginning to become more public with their interest in bitcoin and the blockchain.

Posted on 27 July 2015 | 12:26 pm

Bitcoin and Trading Execs Team up to Disrupt Settlement

A bitcoin entrepreneur and a trading veteran have partnered on a blockchain project that aims to streamline the way assets are exchanged.

Posted on 27 July 2015 | 11:08 am

The oil trader who joined the bitcoin brigade - Financial Times


Financial Times

The oil trader who joined the bitcoin brigade
Financial Times
When Daniel Masters walked into a bitcoin conference in Amsterdam last year, he had spent more than a decade riding the boom in commodities markets. Held at the city's sleek Passenger Terminal venue, it was far from the typical gathering of oil traders ...
Growth in Bitcoin Gambling Continues at PaceCoinspeaker

all 2 news articles »

Posted on 27 July 2015 | 9:21 am

New Details Emerge About Greek Plan for Parallel Payment System and Varoufakis’ Resignation

Earlier in July, Bitcoin Magazine reported that former Greek finance minister Yanis Varoufakis, who resigned after the Greek referendum on July 5, expressed his disappointment with the outcome of the Greek crisis. Now Kathimerini, a New York Times-branded daily newspaper published in Athens and distributed with the International New York Times in Greece and Cyprus, reveals that Varoufakis was authorized by Greece’s Prime Minister Alexis Tsipras last December to look into a parallel payment system that could eventually work as a parallel banking system. Before becoming Finance Minister, Varoufakis proposed a parallel IOU-based currency, dubbed Future Tax Coin (FT-Coin), similar to a cryptocurrency in some aspects. Varoufakis is not impressed by bitcoin as a currency, but he is persuaded that […]

The post New Details Emerge About Greek Plan for Parallel Payment System and Varoufakis’ Resignation appeared first on Bitcoin Magazine.

Posted on 27 July 2015 | 8:09 am

Universal Bitcoin Payment System OneBit Enters Alpha Testing

In April, Bitcoin Magazine reported that startup OneBit was developing a Bitcoin wallet app that lets users pay at any store with contactless mobile payment by seamlessly and transparently accessing the credit card payment networks. OneBit securely converts users’ bitcoin on the fly into any major local currency and pays merchants via their NFC payment terminals, at zero fees. Now, OneBit developer Toby Hoenisch has announced on Reddit that OneBit has entered alpha testing, and the first handful of alpha users are doing test transactions around the globe. In an Ask Me Anything (AMA) session, Hoenisch answered many questions from the participants. Hoenisch confirmed that OneBit has zero fees. “You will be able to pay world wide, at market rates at […]

The post Universal Bitcoin Payment System OneBit Enters Alpha Testing appeared first on Bitcoin Magazine.

Posted on 27 July 2015 | 8:07 am

Mike Tyson Bitcoin ATM Owner Hits Back at Scam Accusations

A deal to create an official Mike Tyson-branded bitcoin ATM in Las Vegas has been met with criticism following questions about the companies involved.

Posted on 27 July 2015 | 6:41 am

Xapo CEO Wences Casares Takes Legal Action Against LifeLock

Wences Casares, the CEO of bitcoin company Xapo, has begun legal proceedings against online identity firm LifeLock in response to a suit filed by the company which alleged contract violations against him and several Xapo employees. The cross-complaint filed by Casares at California's Superior Court on 24th July states: "LifeLock's highly dysfunctional management proved itself […]

Posted on 27 July 2015 | 4:59 am

The Blockchain is a New Model of Governance

The blockchain provides an alternative governance model to the current system of oligarchic control, argues Nozomi Hayase.

Posted on 26 July 2015 | 8:00 am

FuturePerfect VC: Emerging Markets are Bitcoin's Best Bet

FuturePerfect Ventures founding partner Jalak Jobanputra talks opportunities in the bitcoin and blockchain space and VC funding trends.

Posted on 25 July 2015 | 8:00 am

ItBit to Host Private Blockchain Summit for Wall Street Elite

Bitcoin exchange itBit is hosting a private gathering of financial professionals in New York on Monday.

Posted on 24 July 2015 | 5:05 pm

Blockchain Hackathon Heads to India's Bombay Stock Exchange

IBM is among the sponsors of a forthcoming India-based hackathon set to focus on bitcoin, the blockchain and FinTech.

Posted on 24 July 2015 | 4:10 pm

Gallup Poll Finds Few Consumers Trust Digital Wallets

New Gallup data points to a small degree of trust for digital wallets among consumers.

Posted on 24 July 2015 | 3:46 pm

Canadian Revenue Agency: Bitcoin Considered as Foreign Fund or Property for Taxes

The Canadian Revenue Agency recently stated in section 233.3 of the Income Tax Act that bitcoin and other digital currencies are considered “specific foreign properties” and are to be treated as foreign funds or intangible properties. The rules of the Income Tax Act document states that foreign properties including bitcoin that exceeds the value of $100,000 CDN should be reported with a tax form called T11135 to notify the amount of bitcoin held by an individual or an organization. In the Canadian Revenue Agency Document No. 2014-0561061E5 “Specified Foreign Property,” the CRA states that digital currencies including bitcoin and other cryptocurrencies are considered as foreign funds if they are held or deposited outside of Canada and if they are not […]

The post Canadian Revenue Agency: Bitcoin Considered as Foreign Fund or Property for Taxes appeared first on Bitcoin Magazine.

Posted on 24 July 2015 | 12:19 pm

BNP Paribas Testing Plans to Add Bitcoin to its Currency Funds

France’s biggest bank BNP Paribas is reportedly testing the idea of adding bitcoin to one of its currency funds, a source at the bank told International Business Times UK. The unnamed source said that BNP Paribas has been doing “beta testing” involving cryptocurrency, and the official announcement could come in the near future. A spokeswoman for BNP Paribas told International Business Times UK: “We are looking at blockchain technology and how it can be applied to post trade processes to make things faster and potentially cheaper but it’s all very much projects and it’s all in testing. It’s nothing live.” BNP Paribas, headquartered in Paris, was formed through the merger of Banque Nationale de Paris (BNP) and Paribas in 2000. It’s one of the […]

The post BNP Paribas Testing Plans to Add Bitcoin to its Currency Funds appeared first on Bitcoin Magazine.

Posted on 24 July 2015 | 12:00 pm

Winklevoss Brothers File Trust Application for Gemini Exchange

Entrepreneurs and investors Cameron and Tyler Winklevoss have filed an application for a limited liability trust company in New York.

Posted on 24 July 2015 | 7:46 am

DigitalBTC Buys $10.1 Million in Bitcoin Despite Losses

Australian cryptocurrency firm DigitalBTC bought $10.1m worth of bitcoin in Q2 of this year, the company's latest quarterly report reveals.

Posted on 24 July 2015 | 6:49 am

ShoCard's Quest to Secure Identity on the Blockchain

CoinDesk speaks to ShoCard CEO Armin Ebrahimi about his company's efforts to disrupt identity verification via the blockchain.

Posted on 24 July 2015 | 3:06 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

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

July 28, 2015 -
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