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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

Bitstars.ph 'Selfie' Contests Reward Winners with Bitcoin - CoinDesk


CoinDesk

Bitstars.ph 'Selfie' Contests Reward Winners with Bitcoin
CoinDesk
Now, as well as 'liking' a photo, you can also leave a small bitcoin tip for the user. Tips average around 8 mBTC, and the site has a daily competition for the most popular selfies. Prizes range from about 200 pesos ($5) to 500 pesos ($12), which ...

Posted on 31 July 2014 | 2:12 am

Las Vegas Strip's first Bitcoin ATM becomes operational - VEGAS INC


TechCrunch

Las Vegas Strip's first Bitcoin ATM becomes operational
VEGAS INC
Tucked inside a gift shop on a modest stretch of Las Vegas Boulevard South, a new way for visitors to get cash went live today: the Strip's first Bitcoin ATM. As with a regular ATM, people who use this Bitcoin version can deposit funds into online ...
Robocoin Opens The First Bitcoin ATM In Vegas, BabyTechCrunch
New Zealand Bitcoin ATM Operator Shuts Down After Bank RefusalsCoinDesk
Las Vegas Strip's first bitcoin ATM now operatingKVVU Las Vegas
Las Vegas Review-Journal -Finextra
all 25 news articles »

Posted on 30 July 2014 | 10:44 pm

Bitstars.ph ‘Selfie’ Contests Reward Winners with Bitcoin

Bitstars.ph is turning selfie photos into bitcoin in the Philippines, with daily contests and prizes for most popular shots.

Posted on 30 July 2014 | 10:13 pm

Wikipedia Begins Taking Donations in Bitcoin - New York Times


TechCrunch

Wikipedia Begins Taking Donations in Bitcoin
New York Times
Bitcoin has found another taker. On Wednesday, the Wikimedia Foundation, the nonprofit organization that operates Wikipedia, announced that it would allow people to make donations using Bitcoin, becoming the latest adopter of the virtual currency as a ...
You Can Now Donate to Wikipedia in BitcoinTIME
BitBeat: Wikipedia Adopts BitcoinWall Street Journal (blog)
Wikipedia Now Accepts Bitcoin DonationsCoinDesk
TechCrunch -International Business Times UK -CryptoCoinsNews
all 16 news articles »

Posted on 30 July 2014 | 4:48 pm

Wikimedia Foundation Now Accepts Bitcoin

Posted on 30 July 2014 | 3:14 pm

BTCTrip: We Accept Bitcoiners

You have probably heard it a hundred times by now: we accept bitcoins… This “we accept bitcoins” phrase is perhaps the latest marketing craze that has engulfed many e-commerce sites and traditional brick & mortar stores. Although many businesses accept your alternative currency, not many of them go further than that. Well, BTCTrip doesn’t just accept bitcoins, they accept bitcoiners. That’s what sets this travel site apart from the rest. Accepting bitcoiners means catering to the wants of bitcoin users by paying employees in bitcoin, offering more than discounts, and promoting the space. Martin Fernandez, the co-founder of BTCTrip, was described by Vitalik Buterin as “the archetypal Bitcoin user.” It is no wonder why: Fernandez has been in the tech […]

The post BTCTrip: We Accept Bitcoiners appeared first on Bitcoin Magazine.

Posted on 30 July 2014 | 2:47 pm

New York’s BitLicense Proposal: The View from China

Prominent members of China's bitcoin ecosystem discuss the possible effects of proposed US regulations on the industry.

Posted on 30 July 2014 | 2:30 pm

Real value of Bitcoin - The Hill (blog)


Real value of Bitcoin
The Hill (blog)
The Bitcoin Foundation, the leading association for the digital currency of the same name lost one of their highest profile members last week when Andreas Antonopolous resigned over what he described as “a complete lack of transparency.” Antonopolous ...

Posted on 30 July 2014 | 2:03 pm

Overstock to Extend Bitcoin Payments to Global Customers

Overstock's international customers will soon have the option to pay for the company's e-commerce products in bitcoin.

Posted on 30 July 2014 | 12:25 pm

Bitcoin Magazine Congratulates Team Member, Vitalik Buterin

Bitcoin Magazine would like to congratulate former Lead Writer and now Editorial Board Member, Vitalik Buterin, on his receipt of the Peter Thiel Fellowship Award. Vitalik is the mastermind behind the Ethereum Project. As a 20 year old, his development experience is extensive with involvement in Bitcoin, KryptoKit, and the Dark Wallet. Through the Peter Thiel Fellowship program, Vitalik will receive a grant of $100k to span over two years so he can focus full time on the Ethereum project and further decentralized developments. In addition to funding, all fellows will receive guidance on entrepreneurship and startups. Congratulations, Vitalik! The Thiel Foundation issued the following press release on the award and recipients: PETER THIEL ANNOUNCES 2014 CLASS OF THIEL FELLOWS […]

The post Bitcoin Magazine Congratulates Team Member, Vitalik Buterin appeared first on Bitcoin Magazine.

Posted on 30 July 2014 | 12:00 pm

Bitcoin is barely regulated — and these congressmen want to keep it that way - Washington Post (blog)


New York Times

Bitcoin is barely regulated — and these congressmen want to keep it that way
Washington Post (blog)
Conversation at the evening event buzzed for a few minutes when the three congressmen hosting “Bitcoin Demo Day” stopped by to shake hands and pick up fliers. But for much of the event, bitcoin start-up vendors and entrepreneurs outnumbered their ...
Proposed Rules Expose Rifts Among Bitcoin EnthusiastsNew York Times
Bitcoin Banking RisesChicago Tonight | WTTW
Bitcoin? There's an ATM for thatChicago Tribune
Bloomberg -Business in Vancouver -CoinTelegraph
all 93 news articles »

Posted on 30 July 2014 | 11:59 am

Why The Bitcoin Price Is Going Down - CryptoCoinsNews


International Business Times UK

Why The Bitcoin Price Is Going Down
CryptoCoinsNews
bitcoin trend is point down To be clear right from the start: You won't find a definite answer in this article. There are many theories why the price is going down, and it is interesting and insightful to look at them. There might be one that you ...
Bitcoin Price Drops for 12th Consecutive DayInternational Business Times UK
Bitcoin Technical Analysis 31st JulyForexMinute.com
Bitcoin trades near 1-month low as sentiment remains shakyInvesting.com
DailyForex.com -CoinDesk
all 10 news articles »

Posted on 30 July 2014 | 11:21 am

Wikipedia Now Accepts Bitcoin Donations

Wikipedia's parent company, the Wikimedia Foundation, now accepts bitcoin donations thanks to a partnership with payment processor Coinbase.

Posted on 30 July 2014 | 11:19 am

Bitcoin Foundation Unveils New User-Friendly Website

The Bitcoin Foundation has launched a new-look website featuring various resources on bitcoin and the organization itself.

Posted on 30 July 2014 | 10:07 am

BitPay Offers ‘Free and Unlimited’ Payment Processing for Merchants

BitPay has introduced a new price plan that is free and unlimited for its basic bitcoin payments processing service.

Posted on 30 July 2014 | 7:26 am

Blockchain is Back! Relaunches on Apple App Store, Completely Revamped Android Wallet App

Apple users and bitcoiners can now breathe a little easier. Six months after Apple removed the Blockchain wallet app from the App Store, Blockchain is back. The company made the announcement this morning, just days after the release of a completely revamped Blockchain Android app, which was initially unveiled at the North American Bitcoin Conference in Chicago. When the original iOS app was banned by Apple in January there were over 1,000 news stories that covered the development. Apple seems to have gotten the idea. Although Apple has not directly stated their support of Bitcoin and other payment technologies, it seems they have changed their stance on the type of approved applications within the App Store. It is most definitely […]

The post Blockchain is Back! Relaunches on Apple App Store, Completely Revamped Android Wallet App appeared first on Bitcoin Magazine.

Posted on 30 July 2014 | 7:02 am

Bitcoins Affected by New York's BitLicense May Trade at Discount - CoinDesk


CoinDesk

Bitcoins Affected by New York's BitLicense May Trade at Discount
CoinDesk
Due to potential IP address blocking and other techniques to identify and block New York-based traders, the exchanges operating within the jurisdiction may end up 'ring-fencing' themselves and their customers' bitcoin. Of course, this was not New York ...
The basics of BitcoinBluffton Today

all 3 news articles »

Posted on 30 July 2014 | 7:02 am

Bitcoins Affected by New York’s BitLicense May Trade at Discount

Savvy traders could profit handsomely from the bitcoin arbitrage opportunities presented by a future BitLicense, argues Jon Matonis.

Posted on 30 July 2014 | 6:47 am

#wearesatoshi

This is the feature article for Issue 20. Explaining Bitcoin to a luddite is like explaining the plot of an action-drama movie. Failing exchanges! “Overnight” millionaires! Bank robberies! Drug-busts! World-changing innovation! Government espionage and fortunes made and lost! One of the most interesting aspects is the superhero-like protagonist: our system’s very anonymous creator, Satoshi Nakamoto. #themanbehindbitcoin Satoshi Nakamoto is thought to be a pseudonym for the unknown “Father of Bitcoin”; in Japanese, Satoshi Nakamoto roughly translates to “thinking clearly inside the foundation.”1  For the purpose of this article, Satoshi will be referred to as a male. His preference for privacy is his hallmark. He used e-mail addresses and web-sites that were untraceable. In 2009, he produced his famous white paper […]

The post #wearesatoshi appeared first on Bitcoin Magazine.

Posted on 30 July 2014 | 6:17 am

Dogecoin Core Development Interview

Dogecoin, born in jest, is now serious business. A major payment processor already supports Dogecoin payments. This has opened up the coin to a huge selection of international merchants. One such merchant is Hustler Magazine, which recently confirmed it would start accepting payments in Dogecoin. Dogecoin is also being embraced by new exchanges, including those in the lucrative Chinese market. Most importantly, the community seems as vibrant and passionate as ever. This is important. However, it matters little if there is no one maintaining the protocol and ensuring both the integrity and security of the network. Fortunately for Dogecoin the core development team is equally as passionate. They are increasingly becoming recognised as one of the most active and productive […]

The post Dogecoin Core Development Interview appeared first on Bitcoin Magazine.

Posted on 30 July 2014 | 6:07 am

Overstock's Radical Plan to Reinvent the Stock Market With Bitcoin - Wired


CoinTelegraph

Overstock's Radical Plan to Reinvent the Stock Market With Bitcoin
Wired
Overstock.com and its swashbuckling CEO, Patrick Byrne, are hoping to create a new kind of corporate stock based on the computer software that drives bitcoin, aiming to overhaul the stock market in much the same way that bitcoin overhauled how we store ...
Overstock to Extend Bitcoin Payments to Global CustomersCoinDesk
Patrick Byrne is turning Overstock.com into an international bitcoin marketplaceUpstart
Overstock.com Expanding Bitcoin Acceptance Internationally in the Next Six ...newsBTC
RT -CoinTelegraph
all 9 news articles »

Posted on 30 July 2014 | 4:37 am

The Bitcoin Crowd Reaches Out to the Gold Bugs - Businessweek


The Bitcoin Crowd Reaches Out to the Gold Bugs
Businessweek
On the spectrum of currency ideologues, gold bugs and Bitcoin enthusiasts occupy equal but opposite positions. They're both suspicious that governments are going to meddle around with normal money so much that it becomes useless—it's just that one ...

and more »

Posted on 30 July 2014 | 3:55 am

New Zealand Bitcoin ATM Operator Shuts Down After Bank Refusals

A New Zealand bitcoin ATM operator is the latest to fall victim to the banking industry's digital currency barriers.

Posted on 29 July 2014 | 7:49 pm

Cypherpunk Comic ‘Hunt for Satoshi Nakamoto’ to launch Crowdfund on SWARM platform

Alex Preukschat, Josep Busquet and José Ángel Ares García, the trio behind ‘The Hunt for Satoshi Nakamoto’, the new Bitcoin Comic which previewed at CoinSummit and was recently written up on CoinDesk are gearing up to launch their project kickstarter style on the new SWARM platform which recently raised over $1,000,000 worth of Bitcoin in startup capital. Preukschat says he wants to take 1,000 pre-orders of the comic before it goes to print and those who sign up will receive crypto-tokens from the SWARM platform in return for their donations allowing them access to perks and special offers in future like limited edition artwork cover for the comic books and T-Shirts. Crowdfunding on a Bitcoin-only platform makes a lot of sense to Preukschat whose basic goal is to educate […]

The post Cypherpunk Comic ‘Hunt for Satoshi Nakamoto’ to launch Crowdfund on SWARM platform appeared first on Bitcoin Magazine.

Posted on 29 July 2014 | 7:03 pm

Steve Stockman: New York’s Bitcoin Regulation Could Crush the Industry

In a new interview with CoinDesk, US Representative Steve Stockman explores the complex regulatory challenges facing bitcoin today.

Posted on 29 July 2014 | 4:07 pm

ZipZap Raises $1.1 Million to Grow Global Bitcoin Payments Network

ZipZap has raised $1.1m in new funding with the goal of becoming the leading payment network for digital currencies.

Posted on 29 July 2014 | 3:20 pm

Arizona's first bitcoin machine broken by lightning strike - azcentral.com


Daily Mail

Arizona's first bitcoin machine broken by lightning strike
azcentral.com
The electricity in the air over Arizona's first bitcoin ATM proved too much for the machine, which was knocked out of commission after lightning struck Bookmans Entertainment Exchange in Tucson Friday said Brian Williams, founder of Javelin Investments ...
Chicago's First Bitcoin ATM Debuts in LakeviewDNAinfo
CoinSafe Releases 'Virtual Bitcoin ATM' Apps for MerchantsCoinDesk
Arizona's First Bitcoin ATM Goes KablooeyPopular Science
Daily Mail -Chicago Business Journal
all 21 news articles »

Posted on 29 July 2014 | 2:32 pm

Advertise with Anonymous Ads

To Dream Of Bitcoin

Ancient Greek philosophers learned the importance of dreams: that dreams tied into our reality somehow, but notably that we must first dream of something before we can make it reality. Man told stories and dreamed of flying to the moon, and then with dreams created for generation after generation, we achieved it. Marked by Neil Armstrong’s famous words “That’s one small step for man, one giant leap for mankind.” Bitcoin was a dream, the want and need for change, born from a desire burning in everyone. For if what Bitcoin brings and promises was not what we all desired, then surely, for whatever our reasons, we would not be drawn to it as we are. For many of us the start […]

The post To Dream Of Bitcoin appeared first on Bitcoin Magazine.

Posted on 29 July 2014 | 1:40 pm

Dutch easyHotel Franchisee Accepts Bitcoin for Room Reservations

A franchisee for the popular European hotel chain is now taking payments in digital currency.

Posted on 29 July 2014 | 1:15 pm

Alpha Technology Blames PayPal Dispute for ASIC Delivery Delay

Manchester mining outfit Alpha Technology has missed its July delivery target, citing technical problems and a dispute with PayPal.

Posted on 29 July 2014 | 11:55 am

Bitcoin Payment Protocol Explained

What do you do with bitcoin? Why, you spend it of course! Or more precisely you pay for something or some service using it. The specific process to pay using bitcoin is called the Bitcoin Payment Protocol and it is codified in a document called BIP70.  A BIP is a Bitcoin Improvement Proposal and is one of the mechanisms used by the Bitcoin “core developers” to improve Bitcoin.  There are all sorts of BIPS on lots of great topics but let’s not get diverted. Go to: https://github.com/bitcoin/bips/  and check them out yourself. Now back to BIP70 the payment protocol. The description is at: https://github.com/bitcoin/bips/blob/master/bip-0070.mediawiki and is the basis for the technical content  of this article. The abstract of the payment […]

The post Bitcoin Payment Protocol Explained appeared first on Bitcoin Magazine.

Posted on 29 July 2014 | 5:51 am

Arizona’s First Bitcoin ATM Struck by Lightning

Arizona's first and only bitcoin ATM has been knocked out of action by a lighting strike.

Posted on 29 July 2014 | 5:34 am

Tim Draper Leads CrowdCurity’s $1 Million Seed Funding

CrowdCurity has raised $1 million in a round of seed funding led by Tim Draper and Kima Ventures.

Posted on 28 July 2014 | 4:10 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

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

C.A.T. Cryptsy Auto Trader Prints Money All Day Long!

If you’re like me, you know nothing about daytrading. While I was always interested in it, I lacked the time of day to learn about it, and didn’t have much

The post C.A.T. Cryptsy Auto Trader Prints Money All Day Long! appeared first on Bitcoin Blogger.

Posted on 14 January 2014 | 7:53 pm

‘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

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

Alleged Silk Road Administrators Arrested in Virigina, Australia, and Ireland

TechCrunch reported on rumors of arrests of some Silk Road administrators earlier this week, and those rumors have been confirmed. According to an official announcement  from the Southern District of

The post Alleged Silk Road Administrators Arrested in Virigina, Australia, and Ireland appeared first on Bitcoin Blogger.

Posted on 21 December 2013 | 10:34 pm

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 31, 2014 -
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