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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

FTC Cracks Down on App That Took Over Phones, Mined for Bitcoin - PC Magazine


99 Bitcoins (blog)

FTC Cracks Down on App That Took Over Phones, Mined for Bitcoin
PC Magazine
The Federal Trade Commission (FTC) and New Jersey officials this week cracked down on a developer whose app used consumers' phones to mine for bitcoin. Equiliv Investments and Ryan Ramminger are now banned from creating apps that use malicious ...
Bitcoin scammers forced to settle with FTC99 Bitcoins (blog)
Cryptocurrency Mining App Developers Settle FTC and New Jersey ChargesnewsBTC
Dodgy app company that mined Dogecoins behind your back receives FTC ...Naked Security

all 52 news articles »

Posted on 30 June 2015 | 3:04 pm

Bitcoin Documentary Brings Cryptocurrency Back to Political Roots - Inside Bitcoins


Inside Bitcoins

Bitcoin Documentary Brings Cryptocurrency Back to Political Roots
Inside Bitcoins
Although many entrepreneurs and investors would like to see Bitcoin become a mainstream phenomenon, the roots of this technology can be found in the fringes of libertarian and anarcho-capitalist political thought. While plenty of Bitcoin companies are ...

Posted on 30 June 2015 | 11:00 am

Greeks turn to bitcoin amid bank closures - Newsweek


Newsweek

Greeks turn to bitcoin amid bank closures
Newsweek
Greeks are turning to cryptocurrency bitcoin in the face of painful capital controls and a potential exit from the euro. Bitcoin exchanges have seen a surge in interest from Greek users and the digital currency's value has increased from $230 on 31 May ...
The recent bitcoin bump is not from GreeceFortune
Hellascoin: Greek bitcoin rival doubles in value as Grexit loomsInternational Business Times UK
Greek crisis stokes bitcoin prices higherCNBC
The Guardian -WMUR Manchester
all 79 news articles »

Posted on 30 June 2015 | 10:24 am

Tibdit Raises £122,000 for Bitcoin Tipping Platform

Bitcoin micropayments startup Tibdit has raised £122,080 seed capital through a crowdfunding campaign.

Posted on 30 June 2015 | 9:35 am

Digital Currencies a Silver Lining in the Dark Cloud of Greece’s Economic Crisis

As the world watches nervously, Greece, under pressure from the European Central Bank, takes the serious step of imposing capital controls: Banks are closed, ATM withdrawals are limited and funds cannot be sent out of the country. Capital controls will be in place at least until July 7 after Sunday’s citizens’ referendum that will ask Greeks if they want to remain in the European Union and accept their creditors’ terms. Will Bitcoin benefit from the current crisis? There’s lots of speculation that the rate of adoption of digital currencies may increase more rapidly as a result of the current crisis in Greece. CNN makes the case noting: “The world’s largest Bitcoin exchanges tell CNNMoney they’ve seen a surge of business […]

The post Digital Currencies a Silver Lining in the Dark Cloud of Greece’s Economic Crisis appeared first on Bitcoin Magazine.

Posted on 30 June 2015 | 8:48 am

The Fear of Capital Controls May be Spreading from Greece to Italy

Yesterday, Bitcoin Magazine reported that Greece had closed its banks and imposed capital controls to prevent financial chaos after the breakdown of bailout talks with its international creditors. The decision came at the end of a weekend that brought Greece closer to “Grexit” – the potential exit from the Eurozone and perhaps the European Union (EU) itself – and confronted Europe with a serious crisis. Today, Jose Pagliery, the author of “Bitcoin – And the Future of Money,” reports on CNN Money that Greeks are rushing to bitcoin. The article includes testimonials from top bitcoin exchanges such as bitcoin.de, Bitcurex, and China-based LakeBTC, stating that they are seeing a surge of business and inquiries from Greece. This is, according to […]

The post The Fear of Capital Controls May be Spreading from Greece to Italy appeared first on Bitcoin Magazine.

Posted on 30 June 2015 | 8:24 am

Bitnet Partners with Computop to Offer Bitcoin Payments for Over 3000 Merchants

Bitnet, a bitcoin payments processor from the developers of the largest payment gateway (CyberSource, acquired by VISA) has entered into a strategic partnership with Computop, a leading payment service provider, to allow global merchants to accept bitcoin on Computop Paygate. Since its launch, Bitnet has focused its services to provide an enterprise-grade digital commerce platform with security, reliability and scalability standards demanded by global businesses. Through the Computop and Bitnet partnership, however, the multi-national bitcoin merchant processor is attempting to implement its technologies to allow businesses of any size to accept bitcoin in a simple, safe and secure manner. Bitnet bitcoin processors will be integrated in Computop Paygate, which will allow merchants to expand their businesses globally without cross-border fees. Furthermore, […]

The post Bitnet Partners with Computop to Offer Bitcoin Payments for Over 3000 Merchants appeared first on Bitcoin Magazine.

Posted on 30 June 2015 | 7:55 am

BitGo Launches New Financial Transparency Service

BitGo has announced the release of Verified by BitGo, a tool aimed at allowing customers to provide greater financial transparency.

Posted on 30 June 2015 | 7:01 am

BitGo Launches Verisign-Like Certificate To Prove Solvency For Bitcoin ... - Forbes


newsBTC

BitGo Launches Verisign-Like Certificate To Prove Solvency For Bitcoin ...
Forbes
“It's a way we can help our customers” — meaning Bitcoin businesses — “show their end users that they're operating in a good state, and make sure everyone can trust everybody. It's kind of like an online audit that everyone has access to in a safe ...
BitGo Announces Launch of Solvency Proofs Verified by BitGoBitcoin Magazine
BitGo Launches Certificate Proving Bitcoin Companies SolvencynewsBTC
BitGo Announces “Verified by BitGo” Proof of Asset ServiceBusiness Wire (press release)
CoinDesk
all 6 news articles »

Posted on 30 June 2015 | 7:00 am

MIT's Bitcoin-Inspired 'Enigma' Lets Computers Mine Encrypted Data - Wired


Wired

MIT's Bitcoin-Inspired 'Enigma' Lets Computers Mine Encrypted Data
Wired
The cryptography behind bitcoin solved a paradoxical problem: a currency with no regulator, that nonetheless can't be counterfeited. Now a similar mix of math and code promises to pull off another seemingly magical feat by allowing anyone to share ...
The modern day Enigma: Bitcoin entrepreneurs and MIT invent means of data ...LeapRate

all 3 news articles »

Posted on 30 June 2015 | 5:02 am

Westpac-Backed VC Firm Among Coinbase's Series C Investors

Reinventure Group, a venture capital firm backed by Westpac, Australia's second-largest bank, has been revealed as one of Coinbase's Series C backers.

Posted on 30 June 2015 | 1:19 am

Bitcoin Price Rally To $260 - CryptoCoinsNews


CryptoCoinsNews

Bitcoin Price Rally To $260
CryptoCoinsNews
Bitcoin Price has been advancing persistently and hit $260 / 1620 CNY during today's Asia-Pacific trading session. xbt.social analysis considers what lies ahead. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here ...

Posted on 30 June 2015 | 1:08 am

Bitcoin accused of wasting shocking amount of electricity - RT


RT

Bitcoin accused of wasting shocking amount of electricity
RT
It may be an alternative to fiat currencies and traditional banking, but Bitcoin is using up entirely too much electricity. One critic claims the online crypto-currency uses 5,000 times more power per transaction than VISA and is not sustainable ...

Posted on 29 June 2015 | 5:04 pm

Gallippi and Killeen Represent Bitcoin Community at UN 70th Anniversary Celebration

Friday, June 26, marked the 70th Anniversary of the signing of the United Nations Charter in San Francisco. Along with U.N. Secretary-General Ban Ki-moon, House Minority Leader Nancy Pelosi, California Gov. Jerry Brown, San Francisco Mayor Ed Lee and other dignitaries, a cohort of 70 digital leaders were invited to celebrate the historic event. Included among the 70 was BitGive Foundation founder Connie Gallippi and Alyse Killeen of March Capital, both representing the Bitcoin industry. “It was a true honor and pleasure to be invited to join the United Nations 70th Anniversary Celebration and luncheon for the Top 70 Bay Area Tech Leaders,” Gallippi said. “Attending this event and representing Bitcoin’s philanthropic foundation was truly an inspiring and educational experience.” […]

The post Gallippi and Killeen Represent Bitcoin Community at UN 70th Anniversary Celebration appeared first on Bitcoin Magazine.

Posted on 29 June 2015 | 1:32 pm

Most millennials don't plan to use Bitcoin - Business Insider


Business Insider

Most millennials don't plan to use Bitcoin
Business Insider
Bitcoin is still a novelty and hasn't achieved widespread adoption as a currency, but some believe Millennials will be more open to using it. A new survey from Goldman Sachs Global Investment Research indicates that Millennials have mixed feelings ...
Goldman's Survey of Millennials is Good News for BitcoinNasdaq

all 4 news articles »

Posted on 29 June 2015 | 1:17 pm

Mining Malware Developer Settles with Federal Trade Commission

A cryptocurrency mining malware developer has settled with the US Federal Trade Commission (FTC) and the New Jersey Attorney General's Office.

Posted on 29 June 2015 | 1:03 pm

Kraken Opens Bitcoin Exchange in Canada

Kraken has become the latest US-based bitcoin exchange to launch services in the Canadian market.

Posted on 29 June 2015 | 10:20 am

Major Credit Card Companies Weighing the Pros and Cons of Bitcoin

The major credit card companies – American Express, MasterCard and Visa – are exploring uses of Bitcoin and the blockchain technology, International Business Times reports. They can see the threat from blockchain fintech, and are considering ways to integrate selected aspects into their own operations. “We are not currently working actively on any bitcoin-based solutions, but we watch the cryptocurrency market closely,” said Andrew Buckley, head of MasterCard products for Europe. “We find them interesting from a technology perspective, but currently don’t see them as a viable solution for mainstream commerce.” “Our focus is on these hundreds of millions of people with a bit of plastic in their wallets,” he added. “How do we get them into this new digital […]

The post Major Credit Card Companies Weighing the Pros and Cons of Bitcoin appeared first on Bitcoin Magazine.

Posted on 29 June 2015 | 9:42 am

Bitso Secures Investment and Launches Initiative with the Mexican Government

Mexican bitcoin exchange Bitso has secured a seed-funding round led by Barry Silbert’s Digital Currency group which was participated in by Mexico-based angel investors. With the new financing, Bitso plans to expand its team in Mexico and aggressively push its project to use bitcoin for cross-border payments across South America. Since the majority of the population has no access to bank accounts or credit cards, Bitso aims to provide the nation with a cheaper yet robust mobile payment platform by connecting its bitcoin exchange with Transfer. Transfer is a lightweight banking initiative developed by the Mexican government as a collaboration with Mexican banks and corporations including Banamex, Inbursa, Telcel and Oxxo. Similar to M-Pesa, the popular mobile payment service launched […]

The post Bitso Secures Investment and Launches Initiative with the Mexican Government appeared first on Bitcoin Magazine.

Posted on 29 June 2015 | 9:04 am

Greece Closes Banks and Stock Markets, Introduces Capital Controls

Greece has closed its banks and imposed capital controls to prevent financial chaos after the breakdown of bailout talks with its international creditors, The Financial Times reports. The decision comes at the end of a weekend that brought Greece closer to “Grexit” – the potential exit from the Eurozone and perhaps the European Union (EU) itself – and confronted Europe with a serious crisis. The banks in Greece and the Athene Stock Exchange will remain closed until at least July 6, the day after the referendum on the austerity measures demanded by the country’s creditors. In the meantime, cash withdrawals at ATMs will be limited to 60 euros ($66) and transfers abroad will be forbidden. Greece is the second Eurozone […]

The post Greece Closes Banks and Stock Markets, Introduces Capital Controls appeared first on Bitcoin Magazine.

Posted on 29 June 2015 | 8:39 am

How Can Bitcoin Businesses Bridge the Gap With Insurers?

Drinker Biddle & Reath's Charles Cowan looks at why insurance companies have so far hesitated to work with bitcoin companies.

Posted on 28 June 2015 | 3:00 am

Ascribe Raises $2 Million to Encode Artistic Copyrights on the Blockchain

Ascribe, a platform which enables artists to record their intellectual properties on the Bitcoin blockchain has raised US $2 million in a seed funding round from investors including Barry Silbert’s Digital Currency Group, Earlybird Venture Capital, Freelands Ventures, and other angel investors. With the new financing, Ascribe aims to improve its platform to make it more efficient for artists to record ownership of their works, to onboard new developers to build on their API that helps marketplaces and platforms to display the registered artwork, and to increase awareness of their platform. Using the Bitcoin blockchain, Ascribe allows artists to create records of permanent and unchangeable copyright and ownership of their artwork that can be verified and tracked instantly. Since the […]

The post Ascribe Raises $2 Million to Encode Artistic Copyrights on the Blockchain appeared first on Bitcoin Magazine.

Posted on 27 June 2015 | 11:40 am

Bitcoin Opportunity Corp Backs Mexican Exchange Bitso

Bitso has closed a seed funding round led by the Barry Silbert-backed investment fund Bitcoin Opportunity Corp.

Posted on 26 June 2015 | 3:31 pm

FATF: Regulate Virtual Currency Exchanges to Counter Crime Risks

Digital currency exchanges and gateways need to be tightly regulated to prevent money laundering and terrorism financing, says the latest FATF report.

Posted on 26 June 2015 | 7:39 am

RBS Trials Ripple as Part of £3.5 Billion Tech Revamp

RBS confirmed it is undertaking a proof-of-concept with Ripple technology, following a high-profile payments mishap earlier this month.

Posted on 26 June 2015 | 7:03 am

Bitcoin Poker Site Operator to Plead Guilty on Gaming Charge

A bitcoin poker website operator has agreed to plead guilty to a charge of operating an unlicensed gaming website in Nevada.

Posted on 25 June 2015 | 4:02 pm

Goldman Sachs Survey: Most Millennials Won't Use Bitcoin

A new survey published by Goldman Sachs found that just over half of millennials believe they will never use bitcoin.

Posted on 25 June 2015 | 3:20 pm

Chain CEO: Nasdaq Partnership is No PR Stunt

Chain CEO Adam Ludwin discusses his company's newly revealed partnership with Nasdaq and its interest in blockchain technology.

Posted on 25 June 2015 | 3:01 pm

BitFury Taps Ex-CFTC Chair, Bitcoin Core Developer as Advisors

Blockchain infrastructure company BitFury has selected a number of high-profile figures to serve on its advisory and technical advisory boards.

Posted on 25 June 2015 | 10:01 am

Blythe Masters Firm Acquires Two Blockchain Startups

Digital Asset Holdings has announced the acquisition of two blockchain startups: Hyperledger and Bits of Proof.

Posted on 25 June 2015 | 9:29 am

Coinplug Wins $45,000 Prize for Blockchain ID Service

Korea's Coinplug has won a mainstream fintech award for its blockchain-based user authentication system, one that offers significant benefits.

Posted on 25 June 2015 | 6:49 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

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

Mt.Gox Statement

Posted on 3 March 2014 | 3:44 am

June 30, 2015 -
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