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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

BitBeat: The Bitcoin Documentaries Are Coming - Wall Street Journal (blog)


Under the Radar Mag

BitBeat: The Bitcoin Documentaries Are Coming
Wall Street Journal (blog)
The bitcoin documentaries are coming. Daniel Mross, the star of “The Rise and Rise of Bitcoin,” a documentary he made with his brother Nicholas in 2013, was in New York this week promoting the film's release on Friday (iTunes, Vimeo, small number of ...
'The Rise and Rise of Bitcoin' - Movie ReviewHuffington Post
Bit by Bit: Daniel Mross and The Rise and Rise of BitcoinCleveland Scene Weekly
Why a Computer Programmer Made a Movie About BitcoinBloomberg
Under the Radar Mag -Film Journal -Village Voice
all 11 news articles »

Posted on 1 October 2014 | 5:33 pm

8 US Politicians to Receive Bitcoin By Mail This Week - CoinDesk


8 US Politicians to Receive Bitcoin By Mail This Week
CoinDesk
A carefully selected group of US Congress members will soon receive bitcoin donations in the mail. For some, it will likely be the first time they come into direct contact with digital currency. Led by a Washington, DC-based political action committee ...

Posted on 1 October 2014 | 3:37 pm

8 US Politicians to Receive Bitcoin By Mail This Week

BitPAC has sent $250 worth of bitcoin donations to eight members of Congress, including Rand Paul and Paul Ryan.

Posted on 1 October 2014 | 3:30 pm

Ex-VeriFone Exec: Bitcoin Isn’t Just Another Crazy Payments Idea

Ex-VeriFone CFO and new BitFury board member Bob Dykes talks about bitcoin in context of payments innovation.

Posted on 1 October 2014 | 2:30 pm

Cleveland Heights hosts Bitcoin movie premiere at Cedar Lee Theatre - The Plain Dealer - cleveland.com


Cleveland Heights hosts Bitcoin movie premiere at Cedar Lee Theatre
The Plain Dealer - cleveland.com
CLEVELAND HEIGHTS, Ohio –- Hollywood, New York City –- and Cleveland Heights -- will roll out the red carpet for the world premiere of the documentary "The Rise and Rise of Bitcoin" Friday at the Cedar Lee Theatre. Northeast Ohio native Michael Murphy ...

Posted on 1 October 2014 | 12:51 pm

Bitcoin’s Impact on the Online Gaming Industry

The rise of the free and open Internet since the early 1990s has led the gambling industry to expand its reach further into new markets. Despite strict and heavy regulatory policies, online gambling firms have managed to comply with a seemingly endless barrage of tighter gambling laws. Likewise, new payment systems have emerged that provide easier ways to lure people into making more bets. One such scheme is the introduction of Bitcoin, which is an open-source system using peer-to-peer technology for online payments. This type of payment system has the ability to bypass certain restrictions in online gambling all over the world, making it a potentially profitable betting tool for online casinos and gamblers. Placing bets The advantages of using […]

The post Bitcoin’s Impact on the Online Gaming Industry appeared first on Bitcoin Magazine.

Posted on 1 October 2014 | 12:21 pm

Butterfly Labs Seeks Government Approval to Reopen Business

The FTC is allegedly evaluating a plan that could help put Butterfly Labs back in business.

Posted on 1 October 2014 | 12:16 pm

A Magna Carta for Bitcoin

The Constitution is a living document. The Bible is a living document. The manifesto for the Pepsi logo is a living document and the Bitcoin white paper is breath, a breath of fresh air. Yes, this document is a representation of pure mathematical truth; however, I believe we are at fault if we are to assume “truth” is ubiquitously understood by the masses, or, that the white paper is a system of values and virtues the masses can empathize with. The majority of the world does not look to the white paper as a guideline for anything more than rational knowledge due to the very nature of math as an emotionless concept for anyone who is not a mathematician. Distilling […]

The post A Magna Carta for Bitcoin appeared first on Bitcoin Magazine.

Posted on 1 October 2014 | 11:22 am

Georgia Tech Integrates Bitcoin into Student Payment Cards

The Georgia Institute of Technology is the first university to integrate bitcoin into its students’ dining and shopping experience.

Posted on 1 October 2014 | 10:27 am

Georgia Tech and BitPay Announce Bitcoin Integration

ATLANTA, GA – OCTOBER 1, 2014 — Georgia Institute of Technology will be the first university in the world to integrate bitcoin payments into its stadium concession sales and student dining and shopping credit system, announced Wednesday by BitPay, the world’s leading bitcoin payment processor. Bitcoin point of sale devices will be located in the student section of Bobby Dodd Stadium, and the Barnes & Noble store in Tech Square will be home to a bitcoin-enabled point purchase terminal for student credit BuzzCards. Students who use bitcoin will now be able to purchase food and goods at almost all locations on the Tech campus. Georgia Tech was founded in 1885 and remains one of the most prestigious public universities in […]

The post Georgia Tech and BitPay Announce Bitcoin Integration appeared first on Bitcoin Magazine.

Posted on 1 October 2014 | 9:15 am

Point-of-sale devices will be located in student section at Bobby Dodd Stadium - Georgia Tech Official Athletic Site


CoinDesk

Point-of-sale devices will be located in student section at Bobby Dodd Stadium
Georgia Tech Official Athletic Site
THE FLATS – Georgia Institute of Technology will be the first university in the world to integrate bitcoin payments into its stadium concession sales and campus card declining balance account program, announced Wednesday by BitPay, the world's leading ...
Georgia Tech Integrates Bitcoin into Student Payment CardsCoinDesk
Georgia Tech integrates bitcoin into Bobby Dodd StadiumCBSSports.com
Georgia Tech To Accept Bitcoin At Shops & StadiumThe Consumerist
From The Rumble Seat -Yahoo Canada Sports (blog) -Atlanta Journal Constitution (blog)
all 12 news articles »

Posted on 1 October 2014 | 8:20 am

Coinbase Leads Move to Bring Bitcoin to the Masses - Bloomberg


Bloomberg

Coinbase Leads Move to Bring Bitcoin to the Masses
Bloomberg
Brian Armstrong and Fred Ehrsam certainly look like the kind of guys who could help bitcoin recover from its wild years. They are tall and textbook fit, and as poised as Swiss bankers -- Vulcan Swiss bankers. Armstrong, 31 and a former software ...
Careful Grooming = Respectability For BitcoinDealBreaker

all 4 news articles »

Posted on 1 October 2014 | 8:03 am

Irish Pub Abandons Bitcoin, Cites Legal Concerns - CoinDesk


ForexMinute.com

Irish Pub Abandons Bitcoin, Cites Legal Concerns
CoinDesk
Although other establishments in Ireland have started accepting bitcoin, as far as active ATMs go, the country is now down to one – a Skyhook machine operated by BitEx.ie, installed at computing retailer GSM Solutions on Abbey Street, Dublin.
Robocoin adds Bitcoin wallet, promising instant transactions at its ATMsVentureBeat
Robocoin Wallet Will Leverage Existing Bitcoin ATMs to Expand Bitcoin NetworkCryptoCoinsNews
Bitcoin News Mash-Up: FinCEN Reaction on Criticism; CDC Now a Nonprofit ...ForexMinute.com
newsBTC -Wall Street Journal (blog)
all 9 news articles »

Posted on 1 October 2014 | 6:34 am

Irish Pub Abandons Bitcoin, Cites Legal Concerns

Dublin’s first bitcoin pub has unplugged its ATM and stopped accepting payments in bitcoin, citing legal issues.

Posted on 1 October 2014 | 6:25 am

The Confusion in Competition

Sports, in many senses, polarize a playing field. They foster an ‘us versus them’ mentality that when taken to an extreme, can hurt others or create an environment where anyone playing the game is at risk for the sake of competition. I’ve seen this same spirit among those who support altcoins and have explicitly said their altcoin’s goal is to supplant Bitcoin’s current #1 spot. Is that really a worthy goal? Is there something better all cryptocurrencies can strive towards? Polarizing cryptocurrencies into rankings or villainizing other altcoins totally obfuscates the true purpose we share: to rise above the lie that we only have the freedom to use currencies issued by sovereign nations. Anyone who claims another cryptocurrency as their […]

The post The Confusion in Competition appeared first on Bitcoin Magazine.

Posted on 1 October 2014 | 6:21 am

Top Bitcoin VCs Back Coinapult's $775k Funding Round - CoinDesk


CoinDesk

Top Bitcoin VCs Back Coinapult's $775k Funding Round
CoinDesk
Coinapult has raised $775,000 in funding from a group of notable investors and investment firms, including Barry Silbert's Bitcoin Opportunity Corp, angel investor Roger Ver and technology-focused VC firm FirstMark Capital. The Panama-based bitcoin ...
Coinapult Raises $775K to Compete with Cards in Developing WorldPaymentsSource
Investment Giants FirstMark Back Bitcoin Company, CoinapultDigitalJournal.com
Coinapult Raises $775000 in funding from a group of notable investors and ...ForexMinute.com
CoinTelegraph -newsBTC
all 7 news articles »

Posted on 30 September 2014 | 5:35 pm

Top Bitcoin VCs Back Coinapult’s $775k Funding Round

Coinapult has announced $775k in venture funding from FirstMark Capital, Roger Ver and more.

Posted on 30 September 2014 | 5:32 pm

Why I almost bit on bitcoin and nearly bought into the Butterfly Labs scam - ZDNet


CryptoCoinsNews

Why I almost bit on bitcoin and nearly bought into the Butterfly Labs scam
ZDNet
I almost got hooked on the bitcoin gold rush, but my Spidey-sense eventually told me to walk away. Other than a few lost hours exploring the idea, and a few lost hours talking things over with my wife, I didn't lose a penny. Others were apparently not ...
Bitcoin News in Review: PayPal, Butterfly Labs, Goldman Sachs, and MoreCryptoCoinsNews
Talks underway in federal dispute with bitcoin company Butterfly LabsKansas City Star

all 15 news articles »

Posted on 30 September 2014 | 1:39 pm

Robocoin Launches Custom Bitcoin Wallet Targeting Underbanked

Robocoin has introduced a digital wallet for users of its bitcoin ATMs, as development of its platform continues.

Posted on 30 September 2014 | 1:00 pm

Bitcoin: Magic, Fraud, or Sufficiently Advanced Technology? Part II: Technical Structure

Part I introduced some of the challenges in the way of the public understanding of how Bitcoin works, and summarized the strategic roles of the open source software model, peer-to-peer networking, and digital signatures. Part II concludes by discussing hashing and the essential roles it plays in the technical structure of Bitcoin, as well how the system has been designed to be self-financing right from the beginning into the indefinite future. Making a hash of it Hashing plays a role quite different from digital signatures. It proves that a message has not been altered. Running a hash of the same message always produces the same result. If a hash does not match a previous one, it is a warning that […]

The post Bitcoin: Magic, Fraud, or Sufficiently Advanced Technology? Part II: Technical Structure appeared first on Bitcoin Magazine.

Posted on 30 September 2014 | 12:30 pm

Uncoinventional Travel Guide: A List of the Best Travel Related Bitcoin Companies

Travel on bitcoin has become a simple reality. Not only can you find a place to stay with bitcoin, but you can also fly, buy gasoline, and eat food purchased with bitcoin. Hotel If you want to spend the night in a hotel, CheapAir and Expedia offer bitcoin as a payment option. CheapAir uses BitPay and Expedia uses Coinbase to process their bitcoin payments. We have found Expedia more difficult to use because only a portion of their hotels are currently available for bitcoin. On the other hand, CheapAir offers all hotels listed on their site for bitcoin. Gyft.com allows you to buy gift cards for GlobalHotelCard.com (powered by Orbitz). This step adds the process of buying a gift card […]

The post Uncoinventional Travel Guide: A List of the Best Travel Related Bitcoin Companies appeared first on Bitcoin Magazine.

Posted on 30 September 2014 | 12:07 pm

Chomping at the Bitcoin: An Expert’s Take on Bitcoin in China

In a new book, Shanghai-based consultant Zennon Kapron speculates on the present and future of bitcoin in China.

Posted on 30 September 2014 | 11:50 am

Time For Islamic Law to Face The Bitcoin Question

Islamic finance is well-known as a world full of rules and prohibitions that seem strange and foreign to western scholars. Interest rates, excessive risk-taking, and investments in products deemed unethical such as wine, weapons, and pornography are strictly prohibited. In fact, every potential product to be invested in has to be approved by religious board members of Islamic banks. Bitcoin is no exception. Indeed, the financial climate around investing in Bitcoin is full of shadows in the Islamic world. No fatwa has been issued against the cryptocurrency, yet the final verdict on whether Muslims can invest in the cryptocurrency is still out. The bewildering array of legal systems scattered throughout the Muslim world doesn’t help, either. There are four fundamental legal […]

The post Time For Islamic Law to Face The Bitcoin Question appeared first on Bitcoin Magazine.

Posted on 30 September 2014 | 11:43 am

Why Republicans Should Love Bitcoin

The Republican reaction to bitcoin has been mixed. Some lawmakers have enthusiastically supported it, while others have unequivocally opposed it. Interestingly, many mainstream Republican positions make amiable bedfellows with bitcoin. In this article, each section begins with a quote taken directly from the 2012 Republican Party Platform, followed by a discussion of how bitcoin can address the issue in question. Small Business and Entrepreneurship America’s small businesses are the backbone of the U.S. economy, employing tens of millions of workers. Small businesses create the vast majority of jobs [and] are the leaders in the world’s advances in technology and innovation, and we pledge to strengthen that role and foster small business entrepreneurship. In a world where resources are preposterously precious and margins […]

The post Why Republicans Should Love Bitcoin appeared first on Bitcoin Magazine.

Posted on 30 September 2014 | 11:27 am

A Q&A with the CEO of BitNation

BitNation is described as offering a “full range of services traditionally done by governments.” Included in this are secure ID systems, block chain dispute resolutions, marriages and divorces, land registries, education, insurance, security and more. BitNation hopes to accomplish all of this through a fully distributed platform. It seems like the buzz word of 2014 is DAO or DAC (distributed autonomous organization/corporation, respectively). Ethereum has gotten a lot of media for their launch, and BitNation is preparing for their own launch, which takes place in approximately 13 days. I spoke with Susanne, the Founder and CEO of BitNation, about her background, interests and what she hopes to achieve with her project. Victoria: Susanne, what exactly is Bitnation? Can you give […]

The post A Q&A with the CEO of BitNation appeared first on Bitcoin Magazine.

Posted on 30 September 2014 | 9:47 am

CoinCorner Launches Mobile Wallet, POS Solution and Payment Gateway

CoinCorner, the first cryptocurrency exchange on the Isle of Man, has announced new services, including a multi-cryptocurrency wallet.

Posted on 30 September 2014 | 9:42 am

Bitcoin Crowdfunding Platform Swarm Announces First Decentralized Demo Day

Applications have officially opened for Swarm’s first class with projects to be launched on the 5th of November Sept 30, 2014 — The Bitcoin­powered crowdfunding platform Swarm (http://www.swarm.co) has announced that its first class of five projects will launch on the 5th of November in the world’s first decentralized demo day. Applications are open until the deadline of October 5th. Swarm, the “Bitcoin 2.0” platform which in July successfully raised in $1mm in an exchange of Bitcoin for its own in­network currency, is now helping other innovative projects to use its newly released platform to raise money in the same way. This involves the exchange of Bitcoins or regular US dollars for a cryptocurrency that can later be redeemed in […]

The post Bitcoin Crowdfunding Platform Swarm Announces First Decentralized Demo Day appeared first on Bitcoin Magazine.

Posted on 30 September 2014 | 6:00 am

United Way Reveals Why It Became Bitcoin’s Biggest Charity

CoinDesk talks to United Way Worldwide's Evan Hochberg about the organisation's recent integration of bitcoin donations.

Posted on 30 September 2014 | 3:27 am

Bankers Debate Bitcoin at Sibos 2014

Sibos 2014 included a day of seminars on bitcoin and the future of block chain applications.

Posted on 29 September 2014 | 5:55 pm

Early Bitcoin Adopter Calls for Multi-Sig Solutions After 750 BTC Theft

Bitcoin early adopter and entrepreneur Leo Treasure has offered a reward after losing nearly $280k to a hacker.

Posted on 29 September 2014 | 5:25 pm

Circle opens up, inviting anyone to link their bank account to Bitcoin - BetaBoston


BetaBoston

Circle opens up, inviting anyone to link their bank account to Bitcoin
BetaBoston
Amazingly, there is no fee to transfer funds between accounts. Additionally, like most money held by banks, Bitcoin funds held through Circle are insured. (Circle customers will have 100 percent of their full deposit value covered according to the ...
Circle's Bitcoin Service is Free—But Someone's Gotta PayXconomy
Jeremy Allaire Opens His Long-Awaited Bitcoin Product Circle Up To The PublicTechCrunch (blog)
Coinbase Unveils New Layout In Response to Circle Bitcoin Bank LaunchCryptoCoinsNews
CNET -The Guardian -SiliconANGLE (blog)
all 42 news articles »

Posted on 29 September 2014 | 7:14 am

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 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

Mt.Gox Bankcrupty Protection

Posted on 28 February 2014 | 8:39 am

Added Bitcoin Central to bitcoincharts.com

Posted on 26 February 2014 | 3:21 pm

October 1, 2014 -
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