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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

New York's Financial Regulator, Benjamin Lawsky, Maintains Lead On Bitcoin ... - Forbes


Forbes

New York's Financial Regulator, Benjamin Lawsky, Maintains Lead On Bitcoin ...
Forbes
“First and foremost,” said Marco Santori, a lawyer at Nesenoff & Miltenberg who represents dozens of clients working with Bitcoin, the world's leading virtual currency, “the DFS gave us an opportunity that other regulators aren't giving us” by allowing ...
10 things bitcoin won't tell youMarketWatch
Bloomberg and Switch-Video explain the complicated process of Bitcoin miningTelegraph.co.uk
Bitcoin Tracker | Week 33PYMNTS.com
The Australian -Computer Business Review
all 28 news articles »

Posted on 25 July 2014 | 10:42 am

Ripple Labs CTO Designs Smart Contracts

Stefan Thomas is one of the more talented and respected developers in the space. An old hat at this young technology, he has been making waves as the CTO of Ripple labs. In a recent effort he has set his sights on smart contracts technology. The designs and implementation he and his team have come up with are interesting, to say the least. In a white paper entitled Smart Oracles, we see described a novel, simple, and flexible approach to smart contracts. In such a system, rules can be written in any programming language, and contracts can interact with any service that accepts cryptographically signed commands. The paper also includes an implementation of smart oracles, called Codius (based on the […]

The post Ripple Labs CTO Designs Smart Contracts appeared first on Bitcoin Magazine.

Posted on 25 July 2014 | 10:02 am

The BlueCoin Phenomenon

BlueCoin is very serious about their chosen theme. Taking cue from the cultural antics of the Dogecoin community, the founders of BlueCoin have been trying to give it something of a personality. They announced an official BlueCoin afterparty to the North American Bitcoin Conference on BitcoinTalk with a blue-tinted model, and others dressed in BlueCoin superhero-esque outfits were there to amuse guests. So what’s it all about? BlueCoin has nothing to do with colored coins, the Bitcoin 2.0 application. Like RedCoin, BlackCoin, WhiteCoin, YellowCoin and others, BlueCoin is another alternative cryptocurrency that backers claim is superior to Bitcoin, and hope will come to supplant it. A new block is generated every minute, yielding faster transaction confirmations, and the mining difficulty adjusts each […]

The post The BlueCoin Phenomenon appeared first on Bitcoin Magazine.

Posted on 25 July 2014 | 10:00 am

Bitcoin and Marx’s Theory of History

This article first appeared on page 26 of Issue 21. You probably don’t think about Marxism when you think about Bitcoin. To most people, Marx is known as the guy who didn’t like private property and capitalism in general. Bitcoin, a cryptocurrency with the ability to encourage markets by breaking down the worldwide barriers created by multiple national currencies, doesn’t seem like it has much to do with him. You would probably think that Marx wouldn’t like Bitcoin. But I don’t think so. I believe if Marx were around today he would see Bitcoin as an excellent example of his Theory of History in action; a global system, with roots in the crisis’ of capitalism, that will bring the world […]

The post Bitcoin and Marx’s Theory of History appeared first on Bitcoin Magazine.

Posted on 25 July 2014 | 9:49 am

Building a Bitcoin Economy: How to Close the Loop

This guide is a continuation of a previous article at http://bitcoinmagazine.com/13104/building-bitcoin-economy-stimulate-adoption/ If you or someone in the area has been preaching crypto for a while, you probably have a few nearby businesses accepting Bitcoin by now. This is an important first step, and worthy of celebration over a few Bitcoin beers. Bitcoin evangelism never sleeps, however, so it’s time to grow the seeds you’ve sown into a sustainable Bitcoin economy. But before you get started, heed what I’ve learned from my latest efforts. When you first bring cryptocurrency adoption to a community, it’s necessary to rely on promises of publicity, delivered in the form of organized events and media attention. The novelty will soon wear off, however, and you can’t volunteer […]

The post Building a Bitcoin Economy: How to Close the Loop appeared first on Bitcoin Magazine.

Posted on 25 July 2014 | 9:29 am

Ecuador Bans Bitcoin, Plans Own Digital Money - CoinDesk


International Business Times UK

Ecuador Bans Bitcoin, Plans Own Digital Money
CoinDesk
The National Assembly of Ecuador has effectively banned bitcoin and decentralized digital currencies while establishing guidelines for the creation of a new, state-run currency. With 91 votes in favor of the amendments to the country's existing ...
Cryptocurrency Round-Up: Bitcoin vs Dogecoin in Nascar and Ecuador Paves ...International Business Times UK
Building a Bitcoin Economy: How to Close the LoopBitcoin Magazine
Chomping at the bit: Should businesses be embracing Bitcoin?The Drum
Q13 FOX -HeraldNet -Money Observer
all 15 news articles »

Posted on 25 July 2014 | 8:08 am

AirBaltic Waives Controversial Bitcoin Transaction Fee

Following criticism, Latvian airline AirBaltic has done away with its €5.99 charge for flights purchased with bitcoin.

Posted on 25 July 2014 | 7:48 am

Why Bitcoin May One Day Split Into Black and White Coins - Motherboard


Why Bitcoin May One Day Split Into Black and White Coins
Motherboard
Rumors are swirling that as governments move to integrate and legitimize bitcoin, it could have a divisive and lasting effect on the virtual payment system. Forcing regulations on bitcoin could divide the digital currency into two camps: coins that are ...

Posted on 25 July 2014 | 7:40 am

OKCoin Denies Manipulating Bitcoin Trading Volumes

The exchange says strange movements in volume statistics stem from price stagnation and its switch to a new domain.

Posted on 25 July 2014 | 6:09 am

Austria Offers 'Contradictory' Guidance on Bitcoin's Financial Status - CoinDesk


Austria Offers 'Contradictory' Guidance on Bitcoin's Financial Status
CoinDesk
Perhaps most notably, the federal minister for finance and vice chancellor, Michael Spindelegger, reiterated that bitcoin is not a financial instrument (that is, a tradable asset), echoing the position of the country's markets regulator, the Financial ...

Posted on 25 July 2014 | 4:14 am

Austria Offers ‘Contradictory’ Guidance on Bitcoin’s Financial Status

Two ministers have given new guidance on tax and accounting rules for bitcoin, but some advice varies, say commentators.

Posted on 25 July 2014 | 4:11 am

Coin Congress Day 2: Bitcoin Industry Bullish in Face of Obstacles - CoinDesk


Coin Congress Day 2: Bitcoin Industry Bullish in Face of Obstacles
CoinDesk
The mainstream portrayal of bitcoin in the media appears to be one issue, according to Michael Terpin, who founded the PR service Marketwired in the early 1990s. He says negative headlines sell, and that bitcoin is paying a heavy price because of this.

Posted on 24 July 2014 | 10:49 pm

Coin Congress Day 2: Bitcoin Industry Bullish in Face of Obstacles

The second day of Coin Congress in San Francisco leaned heavily on investment, adoption and technology issues.

Posted on 24 July 2014 | 10:30 pm

Barry Silbert Resigns SecondMarket CEO Position

Bitcoin entrepreneur Barry Silbert is stepping down as CEO of SecondMarket to focus solely on bitcoin ventures.

Posted on 24 July 2014 | 4:02 pm

Gallery: Bitcoin Community Spirit Shines at TNABC Chicago

CoinDesk provides a visual recap of The North American Bitcoin Conference, held last weekend in Chicago.

Posted on 24 July 2014 | 2:45 pm

Bitcoin Price Drops Below $600 After Relative Stability - CoinDesk


CoinDesk

Bitcoin Price Drops Below $600 After Relative Stability
CoinDesk
DISH became the latest big retailer to accept bitcoin in June, only to be eclipsed six weeks later by Dell. Then, there was the successful US Marshals auction of roughly 30,000 BTC, which proved bitcoin's fungibility in the eyes of the US government ...
What's happening with the Bitcoin Price?CryptoCoinsNews
What to consider before jumping into BitcoinCITEworld
A Look At Bitcoins Developments In The Past 2 WeeksBidness Etc
CoinTelegraph -newsBTC -CoinReport
all 23 news articles »

Posted on 24 July 2014 | 2:26 pm

Bitcoin Price Drops Below $600 After Relative Stability

Big news should cause big price moves, right? Apparently not, as long stable BTC prices declined below $600 today.

Posted on 24 July 2014 | 2:02 pm

Can Bitcoin Be Stable Long Term? - Bloomberg


Can Bitcoin Be Stable Long Term?
Bloomberg
July 24 (Bloomberg) -- BitPay Co-Founder and Executive Chairman Tony Gallippi Bloomberg Businessweek's Brendan Greeley discuss how Bitcoin is being used. They speak on “Bloomberg West.” (Source: Bloomberg). Please enable JavaScript to view the ...

and more »

Posted on 24 July 2014 | 12:11 pm

Coinsetter Exits Beta to Target Institutional Traders

New York-based bitcoin exchange Coinsetter has lowered fees to 0.10% following its official launch.

Posted on 24 July 2014 | 9:38 am

NASCAR Sprint Cup Driver Alex Bowman Embraces Bitcoin and Announces Support for Bitcoin Crowdfunding Effort

Rookie driver, Alex Bowman, is embracing the use of Bitcoin in what is the first chance to bring Bitcoin to the NASCAR stage. A press release from the team was released this morning.   BITCOIN AND NASCAR COME TOGETHER IN THE FIRST CROWDFUNDING EFFORT FOR A SPRINT CUP DRIVER Alex Bowman, rookie driver for BK Racing, embraces the use of Bitcoin and emerging payment technologies. STATESVILLE, NC — JULY 24 — Today, NASCAR driver Alex Bowman and his team, BK Racing, announce their support of a Bitcoin crowdfunding effort, named Bitcoin23, to bring a Bitcoin themed car to the NASCAR Sprint Cup Series. The campaign starts today and runs until August 20, and will be instrumental in the continued growth […]

The post NASCAR Sprint Cup Driver Alex Bowman Embraces Bitcoin and Announces Support for Bitcoin Crowdfunding Effort appeared first on Bitcoin Magazine.

Posted on 24 July 2014 | 7:20 am

Crowdfunding Campaign Aims to Promote Bitcoin at NASCAR

Rookie driver Alex Bowman has joined a crowdfunding campaign to bring a bitcoin-themed car to the Sprint Cup series.

Posted on 24 July 2014 | 7:17 am

Sale of Bitcoins.com, owned by collapsed Mt. Gox exchange, halted after court ... - PCWorld


Bidness Etc

Sale of Bitcoins.com, owned by collapsed Mt. Gox exchange, halted after court ...
PCWorld
The sale of the domain Bitcoins.com, affiliated with Mt. Gox CEO Mark Karpeles, has been halted after a U.S. court order, according to the auction house. “This lot has been withdrawn from this auction. Bids are no longer accepted and previous bids are ...
US Court Blocks Bitcoin Domain Name AuctionWall Street Journal
Mt.Gox Trustee Leaves Door Open For Revival Of Defunct Bitcoin ExchangeBidness Etc
Mt. Gox trustee considering paying creditors in BitcoinCoinReport
ForexMinute.com -Techie News -CoinDesk
all 24 news articles »

Posted on 24 July 2014 | 5:39 am

DigitalBTC Reports Early Success on Australian Securities Exchange

The Australian bitcoin firm has reported its first quarterly earnings since it was re-listed on the ASX.

Posted on 24 July 2014 | 4:28 am

Mt. Gox Bitcoin investors voice anger after creditors meet - ZDNet


CryptoCoinsNews

Mt. Gox Bitcoin investors voice anger after creditors meet
ZDNet
Investors from failed Japanese Bitcoin exchange, Mt. Gox, are livid following the first creditors meeting Wednesday in Tokyo, where questions remain unanswered over the loss of some US$500 million worth of Bitcoins. A group of more than 100 investors ...
Mt. Gox creditors demand payment – In bitcoinsCryptoCoinsNews
Angry Bitcoin Investors Demand Answers at Mt. Gox Meet in TokyoNDTV
Angry Bitcoin Investors Come Up Empty Handed At Creditors Meet in TokyoFinancialbuzz.com

all 26 news articles »

Posted on 23 July 2014 | 11:06 pm

Coin Congress Day 1: Debate Over New York Regulation Rages On

The first day of Coin Congress consisted of opinions on the NYDFS framework and an interesting BTC trading presentation.

Posted on 23 July 2014 | 9:04 pm

Auction of Bitcoins.com Domain Name Halted By US Court

A US district court has ordered Tibanne KK to cancel the auction of Bitcoins.com after a protest from CoinLab.

Posted on 23 July 2014 | 4:10 pm

Perianne Boring: Regulators Will Decide Bitcoin’s Fate Within 18 Months

New Chamber of Digital Commerce president Perianne Boring shares how she aims to change bitcoin's perception in Washington.

Posted on 23 July 2014 | 2:00 pm

World’s First Airline to Accept Bitcoin Misses a Big Opportunity

AirBaltic may be the first airline to accept cryptocurrency, but the transaction fee is missing the point of bitcoin.

Posted on 23 July 2014 | 12:31 pm

ZipZap Expands Bitcoin Buying Service to 34 European Countries

Transaction network ZipZap has announced that consumers across 34 countries will soon be able to use its cash-to-bitcoin services.

Posted on 23 July 2014 | 10:44 am

Bitcoin Sign-Ups for Intuit QuickBooks ‘Higher than Expected’

CoinDesk speaks to the developers behind the first of what could be many Intuit products integrated with bitcoin.

Posted on 23 July 2014 | 9:40 am

Mt. Gox Trustee Will Consider Returning Bitcoin Unconverted - Wall Street Journal


The Australian Financial Review

Mt. Gox Trustee Will Consider Returning Bitcoin Unconverted
Wall Street Journal
TOKYO—An official responsible for the assets of Mt. Gox told creditors he would consider returning the bitcoin that remains with the defunct exchange without converting it into regular currencies, people who attended a closed meeting with creditors said.
Mt. Gox trustee leaves door open to revival of Bitcoin exchangePCWorld
Ex-Goldman Trader's Bitcoin Exchange to Fill Mt. Gox VoidBusinessweek
Japan's BitFlyer Raises $1.6 Million for Bitcoin Exchange ExpansionCoinDesk
Financial Times -Investing.com
all 23 news articles »

Posted on 23 July 2014 | 6:15 am

Why I

Some people ask me why I love Bitcoin so much, given that I (at the time of this writing) don’t have very much. I wear Bitcoin shirts, talk about it way too much, and have convinced dozens of businesses to adopt it–I even got a Bitcoin tattoo on my left shoulder, paid for in BTC. No wonder they ask. Usually, I just shrug it off (the question, not the tattoo), and say that I hate the government. That is fairly correct, but it’s not the real reason I’m so passionate about cryptocurrency. While Bitcoin certainly is able to fix some of our world’s biggest problems, and I’d like to think my motivations are as logical as that, the deeper reasons are more […]

The post Why I appeared first on Bitcoin Magazine.

Posted on 22 July 2014 | 4:59 pm

Sovereignty 2.0

We are living in a new world.  As Andreas Antonopoulos put so eloquently, “now that we have crypto-currencies, it’s not sovereignty that determines currency, it’s currency that creates sovereignty.” Bitcoin has helped declare independence for the Internet, and it appears it will continue to disrupt the status quo until that independence is recognized.  If we’ve learned anything from P2P technology, it’s that our rules bend around the tech, not the other way around. But if our rules bend around the tech, could we one day be living in a world where our borders do too? Take the concept of decentralized autonomous states, or society if you like. The idea is that a political faction could be distributed throughout a global […]

The post Sovereignty 2.0 appeared first on Bitcoin Magazine.

Posted on 22 July 2014 | 4:54 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

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

Problem with transactions

Posted on 10 February 2014 | 6:07 am

Washington Dispensary Now Takes Bitcoin for Cannabis

Posted on 7 February 2014 | 5:39 am

Blockchain banned from App Store

Posted on 7 February 2014 | 5:35 am

Coinbase Now Requires Two Factor Authentication For Certain Actions

Coinbase now requires two-factor authentication (also known as 2FA) for certain transactions and changes to an account. The one primarily dealt with in their blog post, seen here, is sending

The post Coinbase Now Requires Two Factor Authentication For Certain Actions appeared first on Bitcoin Blogger.

Posted on 15 January 2014 | 1:58 am

‘Almost Human’, A Fox Network Show, Has Shown Bitcoin In The Future

Readers! I present to you two video clips from two separate episodes of ‘Almost Human’, Fox’s newest sci-fi show. To quote Jesús Cripto of CCN: Anyways, it’s likely you haven’t heard

The post ‘Almost Human’, A Fox Network Show, Has Shown Bitcoin In The Future appeared first on Bitcoin Blogger.

Posted on 7 January 2014 | 4:01 pm

Bitcoin is no Dinosaur, Doomed to be Extinct, it’s Something Else Entirely

In Stephen Mihm’s latest article in the Bloomberg Opinion section, he calls Bitcoin, in the title of the article no less, a “High-Tech Dinosaur Soon to Be Extinct”. Well, to

The post Bitcoin is no Dinosaur, Doomed to be Extinct, it’s Something Else Entirely appeared first on Bitcoin Blogger.

Posted on 2 January 2014 | 8:59 am

Incentives, Make-Believe Money, and Pretend-to-be-a-day-trader Day

I worry sometimes, folks. Usually about things other than Bitcoin, because it needs time to mature and make its own mistakes. But still, sometimes I worry about it. My biggest

The post Incentives, Make-Believe Money, and Pretend-to-be-a-day-trader Day appeared first on Bitcoin Blogger.

Posted on 23 December 2013 | 7:04 pm

Someone Attempted to Trademark Bitcoin Again

Marvin Dennis of East London attempted to file a trademark claim over Bitcoin on Nov. 5th, full application seen here. This application is rather… odd though. The filing itself is,

The post Someone Attempted to Trademark Bitcoin Again appeared first on Bitcoin Blogger.

Posted on 23 December 2013 | 6:20 pm

Advertise with Anonymous Ads

Major Chinese BTC Exchange OKCoin Facing Allegations

OKCoin, touted as the second biggest Chinese exchange, second only to BTC China in volume, is being accused of trading with fake data. Following the ruling that Chinese banks and

The post Major Chinese BTC Exchange OKCoin Facing Allegations appeared first on Bitcoin Blogger.

Posted on 23 December 2013 | 2:23 am

Bitcoin Billboards Appearing Around Los Angeles

This story first appeared in CCN. Los Angeles residents driving near the area of Robertson and Cadillac might notice a new unusual advert on the billboard at 2363 S Robertson

The post Bitcoin Billboards Appearing Around Los Angeles appeared first on Bitcoin Blogger.

Posted on 20 December 2013 | 11:45 am

July 25, 2014 -
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