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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

Coinbase Seeks 'Invasive' Details on US Bitcoin Mining Operations

Coinbase's compliance office is seeking to acquire operational information from bitcoin mining companies based in the US.

Posted on 1 April 2015 | 6:09 pm

ESPN: St Petersburg Bowl to Drop Bitcoin Branding - CoinDesk


ESPN: St Petersburg Bowl to Drop Bitcoin Branding
CoinDesk
The 2015 edition of the St Petersburg Bowl will not be known as the Bitcoin St Petersburg Bowl, according to ESPN. A representative from the TV news source would not comment as to whether the move foretells a sponsorship change for this year's event ...
The Bitcoin Bowl is reportedly no more after just one seasonSB Nation
NC State becomes the forever champion of the Bitcoin BowlBacking The Pack (blog)

all 3 news articles »

Posted on 1 April 2015 | 4:03 pm

ESPN: St Petersburg Bowl to Drop Bitcoin Branding

The 2015 edition of the St Petersburg Bowl is currently undergoing a branding change that may diminish the event's association with bitcoin.

Posted on 1 April 2015 | 3:45 pm

The Price of Bitcoin Is About to Get a Little Government Help - Nasdaq


Nasdaq

The Price of Bitcoin Is About to Get a Little Government Help
Nasdaq
It merely creates a council to study the feasibility of accepting Bitcoin. With regulatory treatment of the digital currency still up in the air, it's both surprising and encouraging that government at any level is looking seriously at adopting Bitcoin ...

and more »

Posted on 1 April 2015 | 1:42 pm

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Bitcoin Advocates Back Petition for BitLicense Safe Harbor Provision

More than 70 digital currency industry businesses and execs are backing a petition meant to ease onerous components of New York's BitLicense.

Posted on 1 April 2015 | 12:10 pm

Bill and Melinda Gates Foundation Keeps Its Options Open on Bitcoin

Being one of the richest couples in the world has allowed Bill and Melinda Gates the freedom to help alleviate world poverty in the ways that they think work best. In their view, shifting financial payments for the world’s poorest from cash to digital, can only make their lives easier and help bring them into the formal economy. According to its 2013 annual report, the Gates Foundation distributed almost $1.8 billion in funding in the 2013 calendar year to global development programs, with 5 percent, approximately $90 million, going to the Financial Services for the Poor program. Rodger Voorhies, director of Financial Services for the Poor recently appeared as a witness before the Senate of Canada’s Committee on Banking, Trade and Commerce to talk […]

The post Bill and Melinda Gates Foundation Keeps Its Options Open on Bitcoin appeared first on Bitcoin Magazine.

Posted on 1 April 2015 | 11:23 am

CoinDesk Launches Moon Bureau

Taking advice from r/bitcoin’s best-loved mascot, ToTheMoonGuy, CoinDesk is shutting down its operations on planet earth today.

Posted on 1 April 2015 | 10:20 am

Converging Virtual Reality and Blockchain Technology

Commentary by Mark Rees. Why Virtual Reality is different this time: The celebrated release in January of the Samsung Gear VR, co-created by Oculus, set into motion an official paradigm change. Mark Andreesen’s early investment in the virtual-reality maker already is bearing fruit as the hot item is flying off shelves. And a newer,slightly improved version being slated for the release of the Samsung Galaxy 6 beginning in April. Virtual reality is not just about games anymore. By some accounts, the hottest ticket at last month’s annual Sundance Film Festival in Park City, Utah was to the Oculus Virtual World Simulator demonstration. Some are convinced it is the future of filmmaking. Several Hollywood studios are actively exploring and creating content […]

The post Converging Virtual Reality and Blockchain Technology appeared first on Bitcoin Magazine.

Posted on 1 April 2015 | 8:48 am

Rakuten Announces Multi-sig Escrow Support and $30 Bitcoin Discount - Inside Bitcoins


Inside Bitcoins

Rakuten Announces Multi-sig Escrow Support and $30 Bitcoin Discount
Inside Bitcoins
Rakuten, the largest online retailer in Japan, recently announced their intention to accept bitcoin as a means of payment. Well, the wait is over and shoppers can purchase goods on the US version of the Rakuten website via bitcoin starting today. This ...
Retail Giant Rakuten.com Now Accepting Bitcoin via BitnetCryptoCoinsNews
Japanese Retail Giant Rakuten.com Now Accepting Bitcoin via BitnetnewsBTC
Rakuten.com Bolsters Secure Payments Processing With BitnetCNNMoney

all 7 news articles »

Posted on 1 April 2015 | 7:31 am

Czech Police Seize $345,000 Property Linked to Bitcoin Hack

Czech police have seized a luxury property purchased with bitcoin by a couple previously linked to online drug bazaar Sheep Marketplace.

Posted on 1 April 2015 | 6:04 am

Share and Get bitcoin: - CoinTelegraph


CoinTelegraph

Share and Get bitcoin:
CoinTelegraph
With bitcoin's price volatility causing a lot of cryptocurrency start-ups to pivot, the world's leading bitcoin processor BitPay has already jumped the gun ahead of its competitors and launched a new and controversial move into the bitcoin mining space.

Posted on 1 April 2015 | 6:03 am

Bitcoin-Based Blockchain Breaks Out - Scientific American


Scientific American

Bitcoin-Based Blockchain Breaks Out
Scientific American
The Bitcoin Network's so-called “blockchain” digital public ledger system records all transactions once they have been deciphered and validated. Adapted for other uses, such a system could serve as a gatekeeper and auditor to defend against, say, a ...
Martin Tillier Asks “Could Bitcoin Destroy the Global Banking System?”Bitcoin Magazine
Chainspotting.co: A Powerful New Bitcoin Web AppBitcoinist.net

all 3 news articles »

Posted on 1 April 2015 | 5:11 am

Yanis Varoufakis: “Greece Will Adopt the Bitcoin If Eurogroup Doesn't Give Us ... - Greek Reporter


Greek Reporter

Yanis Varoufakis: “Greece Will Adopt the Bitcoin If Eurogroup Doesn't Give Us ...
Greek Reporter
The anonymous source noted that everybody in the room was staring at each other when Varoufakis – also a prominent blogger – said “We 'll go to Bitcoin, we will be ahead of all the world economies and although it may be painful in the beginning, Greece ...
Bitcoin News April 1 - Greek PM May Adopt Bitcoin as Last Resort as Aussie ...FxPips.com

all 4 news articles »

Posted on 1 April 2015 | 3:34 am

BitGo Names New CEO in Leadership Shake-Up

BitGo announced today that co-founder Mike Belshe will replace Will O'Brien as acting CEO.

Posted on 31 March 2015 | 4:00 pm

Overstock Invests $5 Million in Peernova in First Bitcoin Investment

US retail giant Overstock has invested in blockchain technology specialist Peernova as part of its Series A financing.

Posted on 31 March 2015 | 2:00 pm

Many Bitcoin Companies Compete In Semifinals of the SWIFT Innotribe Startup Challenge

Bitcoin companies who are part of this year’s Innotribe Startup challenge, a contest run by the international payment network SWIFT, have the opportunity to partner with and be mentored by some of the world’s most prestigious financial institutions. “What really sets the Innotribe program apart is the coaching we give the startups in how to engage the more established financial services providers,” said Mike Sigal, Innotribe’s lead coach. “There’s a chasm between how startups and banks practice innovation, and helping our startups understand how to communicate their value propositions to SWIFT’s community helps banks quickly evaluate new technologies and models, and helps our startups identify appropriate partners and investors.” Since its inception in 2014, the Innotribe Startup challenge has provided […]

The post Many Bitcoin Companies Compete In Semifinals of the SWIFT Innotribe Startup Challenge appeared first on Bitcoin Magazine.

Posted on 31 March 2015 | 9:48 am

Three Methods for Simple Bitcoin Business Accounting

This is a guest post from Digital Currency Council Member Marty Zigman. Recently, I gave a webcast presentation to AICPA members to help accounting professionals understand Bitcoin and how to treat it on the general ledger. If you are an AICPA member, the webcast is available for your viewing. In this article, the key points from that presentation are outlined and will help accountants fundamentally understand and approach business based Bitcoin transactions. Bitcoin and General Ledger Treatment There are three key processes that ultimately produce different accounting practices and general ledger treatment when Bitcoin is involved. These three processes coincide with Bitcoin’s adoption phases as follows: Payment Method Foreign Currency Base Currency Bitcoin as a type of “Payment Method” Within […]

The post Three Methods for Simple Bitcoin Business Accounting appeared first on Bitcoin Magazine.

Posted on 31 March 2015 | 9:28 am

DEC_TECH Toronto with Keynote Speaker Andreas Antonopoulos: This Week on Decentral.tv

All this week, decentral.tv will be airing segments from the first Decentralized Technology (DEC_TECH) event held at MaRS Discovery District in Toronto, presented by Decentral. Held on March 17, 2015, the event drew a crowd of over 300 digital currency enthusiasts. Monday’s segment begins with opening remarks from host Anthony Di Iorio of Decentral and Adam Nanjee of MaRS. A series of presentations follows, beginning with Gerald Cotten, CEO of QuadrigaCX. QuadrigaCX is a Canadian exchange that recently became the first publicly traded bitcoin exchange in the world. Henry Chan, business technology analyst from Deloitte, then speaks about the value and the potential of the blockchain, followed by Mat Cybula of Cryptiv, who talks about how tipping can act as […]

The post DEC_TECH Toronto with Keynote Speaker Andreas Antonopoulos: This Week on Decentral.tv appeared first on Bitcoin Magazine.

Posted on 31 March 2015 | 8:28 am

Only 2.3% of Americans in Survey Trust Bitcoin Transfers Overseas

Only 2.3% of Americans would trust bitcoin to send funds overseas in an emergency, according to a new survey by the Digital Currency Council. By contrast, 30.3% of the 750 "regular Americans" sampled would trust their banks to make international transfers. 23% of the people surveyed said that they would use Western Union, whilst 22% […]

Posted on 31 March 2015 | 5:56 am

2 former federal agents charged with stealing Bitcoin during Silk Road probe - CNN


USA TODAY

2 former federal agents charged with stealing Bitcoin during Silk Road probe
CNN
The two now-former agents from the Drug Enforcement Administration and the U.S. Secret Service are charged with wire fraud, money laundering and other offenses for allegedly stealing Bitcoin during the federal investigation of Silk Road, an underground ...
Charges say crooked feds used Bitcoin as a license to stealThe Verge
Former feds charged with stealing Silk Road bitcoinUSA TODAY
Former Federal Agents Charged With Stealing Bitcoin During ProbeWall Street Journal
Reuters -Christian Science Monitor -BBC News
all 516 news articles »

Posted on 30 March 2015 | 3:55 pm

Bitcoin Consumer Fair to be Held in Atlanta

FOR IMMEDIATE RELEASE Bitcoin Consumer Fair to be Held in Atlanta Atlanta, GA (March 19, 2015) – The Loudermilk Conference Center in Atlanta is slated to host the 2015 Bitcoin Consumer Fair on the 18th of April. The event is geared toward both consumers and merchants who are interested in expanding the use of Bitcoin in the Atlanta area, as well as those interested in working on the business and technology side of Bitcoin. Bitcoin is a form of digital currency which employs encryption techniques to regulate generation of currency units and verify transfer of funds. Bitcoin is not associated with and operates independently from any central bank. “You can put a bank in your pocket. That’s pretty amazing,” said […]

The post Bitcoin Consumer Fair to be Held in Atlanta appeared first on Bitcoin Magazine.

Posted on 30 March 2015 | 3:39 pm

ShapeShift & Factom Partner for Release of Factoids

Starting tomorrow, potential users will be able to start buying Factoids, the currency that powers Factom, from Koinify. Factom is described as “a data layer for the blockchain” that will help businesses manage their data. To gain access to that Factom network, though, requires Factoids, a digital token designed specifically for the Factom network. Starting tomorrow, these new coins will be available for sale. However, they will not be dispersed until May 15th. This is where ShapeShift comes into play. ShapeShift allows for users to instantly convert from one cryptocurrency to the other. A user could trade their bitcoin instantly for litecoin or convert from dogecoin to Ripple. This ease of transferring from one currency to the other is the catalyst for this partnership. […]

The post ShapeShift & Factom Partner for Release of Factoids appeared first on Bitcoin Magazine.

Posted on 30 March 2015 | 3:32 pm

Federal Agents Face Arrest for Alleged Silk Road Bitcoin Theft

Two undercover agents who contributed to the US government's efforts to take down Silk Road are expected to be arrested on Monday.

Posted on 30 March 2015 | 10:52 am

Financial Watchdog Rethinks AML Guidance for Banks and Bitcoin

The Financial Action Task Force (FATF) has taken note of the issues hindering partnerships between bitcoin businesses and banks.

Posted on 30 March 2015 | 9:01 am

Barclays CEO: The Banking Sector Has Not Yet Felt the Full Disruptive Force of Technology, but It Will

The Wall Street Journal reports that Wall Street is exploring innovative applications of digital currencies to mainstream banking and financial issues. The recent wave of Wall Street interest in Bitcoin technology is inspired by a growing appreciation of the inevitability of radical changes in the financial industry, which is long overdue for the kind of Internet-driven cost savings that have affected other industries. The emphasis is on efficiency and cost-effectiveness: Bitcoin technology could slash costs, cut settlement times and reduce default risks. The Journal mentions several recent digital fintech news items, including investment opportunities, announcements, acquisitions and appointments of high-profile financial professionals, reported by Bitcoin Magazine in the last few weeks. “It’s an opportunity for Wall Street to streamline some […]

The post Barclays CEO: The Banking Sector Has Not Yet Felt the Full Disruptive Force of Technology, but It Will appeared first on Bitcoin Magazine.

Posted on 30 March 2015 | 8:58 am

Bitcoin's 'First Felon' Charlie Shrem Begins 2-Year Sentence

Bitcoin entrepreneur Charlie Shrem begins his stint in prison today, having been sentenced in December to two years behind bars.

Posted on 30 March 2015 | 6:57 am

Caribbean Bitcoin Exchange Launches Following $1.5 Million Raise

Barbados-based startup Bitt is launching a digital currency exchange today, having secured $1.5 million in seed funding from Avatar Capital

Posted on 30 March 2015 | 3:23 am

ProTip App Proposes Bitcoin Solution for Content Monetization

In an interview with CoinDesk, developer Chris Ellis discusses the ProTip project and how it hopes to solve past micropayments challenges.

Posted on 29 March 2015 | 12:40 pm

Fred Wilson on the Proposed Bitlicense Regulations

VC Fred Wilson shares his thoughts on New York State's revised Bitlicense regulations and the impact they may have on companies in the sector.

Posted on 28 March 2015 | 8:00 am

Secret Service Agent: Digital Currencies Fueling Cybercrime

A special agent with the US Secret Service spoke out against bitcoin this week, arguing its primary use case is in illicit transactions.

Posted on 27 March 2015 | 4:15 pm

Spare Change-to-Bitcoin Service Lawnmower Aims for Main Street Investor Appeal

Lawnmower has opened its spare change-to-bitcoin service in beta, in what it hopes will be a product that successfully entices novice investors.

Posted on 27 March 2015 | 3:51 pm

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Bitcoin in the Headlines: Wall Street Goes 'Nuts'

This week media coverage galvanized around positive stories reflecting the increasing interest of Wall Street in bitcoin technology.

Posted on 27 March 2015 | 1:05 pm

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

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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

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

April 1, 2015 -
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