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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

Is This the Most Expensive Thing You Can Buy With Bitcoin?

A yacht priced at 22,305.134 BTC ($11,000,000) may be the most expensive bitcoin product ever.

Posted on 17 April 2014 | 5:41 am

Watch 'Bitcoin Uprising' - CNBC.com


Watch 'Bitcoin Uprising'
CNBC.com
Bitcoin. Digital gold rush or a shadowy tool empowering criminals on the dark web? What is really driving The Bitcoin Uprising? CNBC's Mary Thompson takes an in-depth look at this emerging digital currency by speaking to the bitcoin faithful, who ...
CNBC Explores BitcoinBitcoin Magazine
CNBC Chronicles Bitcoin in “Bitcoin Uprising” DocumentarynewsBTC

all 4 news articles »

Posted on 17 April 2014 | 4:30 am

Ron Paul: Bitcoin Is Not 'True Money' - Business Insider


Business Insider

Ron Paul: Bitcoin Is Not 'True Money'
Business Insider
"Though I don't personally believe that Bitcoin is true money, it should be perfectly legal and there should be no restrictions on it, there should be no taxes on it," Paul wrote. "The people who operate Bitcoin would, of course, be prohibited from ...

and more »

Posted on 16 April 2014 | 11:50 pm

To the Gyft crators: Thank you for saving my ass!

So I found myself alone and sitting at a decent restaurant in my area, specifically a Red Robin. I found my food wonderful and was just preparing to pay for my check, when I realized that I had not brought my wallet! As I was alone, I couldn't have someone spot me my meal and I was seriously afraid I was going to be unable to pay. But then I thought, "I wonder if I could use bitcoin somehow to pay. I still have my phone after all..." ...

Posted on 16 April 2014 | 11:06 pm

Ron Paul: Bitcoin Is Not 'True Money' – Business Insider

"Though I don't personally believe that Bitcoin is true money, it should be perfectly legal and there should be no restrictions on it, there should be no taxes on it," Paul wrote. "The people who operate Bitcoin would, of course, ...

Posted on 16 April 2014 | 10:44 pm

Battle of Bitcoin Documentaries: CNBC vs. SQ1.tv…one is much smarter, much better

Yes, it's a jerky thing to say (perhaps even petty)...but ours really is much better. 1) SQ1.tv has Gavin Andresen, Erik Voorhees, Peter Vessenes, Trace Mayer, a top VC, co-founder of Coinbase, co-founder of Buttercoin, Angela Keaton of Antiwar.com...I think our roster is vastly superior. And we let them talk... 2) SQ1.tv doesn't use narration. If a person didn't say it to us on camera, there is no reason for us to say it through narration. With ...

Posted on 16 April 2014 | 5:27 pm

Episode 26: In a world with only Bitcoin.

submitted by realsatireworld link 31 comments

Posted on 16 April 2014 | 5:13 pm

Vera&John Suspend Bitcoin Payment Option | Online Gambling …

Mt. Gox files for liquidation; Bitinstant's Charlie Shrem indicted; Vera&John suspend Bitcoin payment option; Satoshi Poker on the block.

Posted on 16 April 2014 | 4:12 pm

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Dogecoin Founder, Enthusiasts Set For San Francisco Convention

Dogecon SF will bring the area's dogecoin community together to celebrate its history over panel talks, food and fun.

Posted on 16 April 2014 | 3:16 pm

'The Rise and Rise of Bitcoin': An Exclusive First Look - Mashable


Business Insider

'The Rise and Rise of Bitcoin': An Exclusive First Look
Mashable
They call it “digital gold," but is Bitcoin the future of money, or a shiny distraction for digital fools? Created in 2009 by a still-unknown programmer using the alias Satoshi Nakamoto, Bitcoin is now accepted by many merchants all over the world. But ...
Bitcoin Creator 'Satoshi Nakamoto' Unmasked–Again?Wall Street Journal (blog)
The Hunt For The Creator Of Bitcoin Keeps Coming Back To One Guy — And He ...Business Insider
Linguistic fingerprints in 'little words' may have identified the real Bitcoin ...VentureBeat
GigaOM -Slate Magazine (blog) -Betabeat
all 29 news articles »

Posted on 16 April 2014 | 2:51 pm

Live – Paris Bitcoin Startups #2 @TheFamily – Mercredi 16/04/2014 dès 19h

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Retrouvez le livestream de Paris Bitcoin Startup #2 ? TheFamily - Mercredi 16 avril 2014 Début du live prévu vers 19h00. Prévoyez un retard de quelques minut...

Posted on 16 April 2014 | 2:39 pm

Blockchain Awards to Honor Bitcoin Leadership at Bitcoin 2014

Blockchain and the Bitcoin Foundation will co-present the Blockchain Awards at the Bitcoin 2014 Conference in Amsterdam next month.

Posted on 16 April 2014 | 2:16 pm

Tokyo court: Bitcoin exchange Mt. Gox will liquidate - USA TODAY


Kansas City Star

Tokyo court: Bitcoin exchange Mt. Gox will liquidate
USA TODAY
Mt. Gox, the Tokyo-based Bitcoin exchange that collapsed earlier this year after $425 million worth of its customers' digital currency disappeared, lost its bid to reorganize and will likely be liquidated, a Japanese bankruptcy court administrator said ...
Troubled Bitcoin exchange Mt. Gox reportedly asks court to be liquidatedFox News
Mt. Gox set to liquidate as court denies rehabilitationReuters
Court rejects bankruptcy protection for Mt. Gox bitcoin exchangeKansas City Star
Christian Science Monitor -Financial Times -Motherboard
all 303 news articles »

Posted on 16 April 2014 | 2:06 pm

SecondMarket to Launch Institutional Bitcoin Exchange

New York-based SecondMarket will launch a professional-level bitcoin exchange service for institutional traders later this year.

Posted on 16 April 2014 | 1:45 pm

'little words' may have identified the real Bitcoin creator – VentureBeat

Image p

A group of researchers at Britain's Aston University claim that the likely creator of Bitcoin is digital currency blogger Nick Szabo. “The number of linguistic similarities between Szabo's writing and the Bitcoin paper is uncanny, ...

Posted on 16 April 2014 | 1:16 pm

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CeX to Buy Used Tech from UK Customers, Pay Out in Bitcoins

Online marketplace CeX now pays bitcoins to UK customers selling used technology and entertainment products on its site.

Posted on 16 April 2014 | 1:10 pm

Survey Says: Bitcoin Magazine is Considering Categories

  Bitcoin Magazine is currently considering breaking up the magazine into categories. The motivation for this is a desire for our readers to know what section they are in without looking at the table of contents. We also want to group similar stories near each other and possibly color code our sections to assist in automaticity while navigating through the magazine. We also want these sections to reflect our readers favorite areas of interest, and hope this poll will help us as we consider using categories/sections to group magazine content. If you want to suggest a different category please enter it in the comments or email help@bitcoinmagazine.com.

The post Survey Says: Bitcoin Magazine is Considering Categories appeared first on Bitcoin Magazine.

Posted on 16 April 2014 | 12:42 pm

New Colorado Marijuana Vending Machines Will Accept Bitcoin

The first customer-facing marijuana vending machine to debut in the US will accept bitcoins as a form of payment.

Posted on 16 April 2014 | 12:11 pm

Is Bitcoin Over the Hill?

The technology industry can be a fickle business. Research firm Gartner has a name for it: 'the hype cycle'.

Posted on 16 April 2014 | 11:30 am

New Colorado Marijuana Vending Machines Will Accept Bitcoin

submitted by CVLT link 182 comments

Posted on 16 April 2014 | 11:26 am

Filling up? You can pay with Bitcoin thanks to this Cincinnati engineer - Cincinnati Business Courier


Filling up? You can pay with Bitcoin thanks to this Cincinnati engineer
Cincinnati Business Courier
Fort Mitchell-based mechanical engineer Andy Schroder has designed his Bitcoin Fluid Dispenser II, which works like a regular gas pump but takes Bitcoin rather than cash or a credit card. Bitcoin is a virtual cryptocurrency that's a lot like gold in ...

Posted on 16 April 2014 | 11:15 am

Second Market bitcoin exchange is now open for interested buyers & sellers; minimum 25 bitcoins per transaction.

submitted by SpinozaDiego link 139 comments

Posted on 16 April 2014 | 10:21 am

US Federal Reserve Official Says He’s Interested in Bitcoin Technology

Minneapolis Federal Reserve Bank President Narayana Kocherlakota addressed bitcoin during a town hall meeting today.

Posted on 16 April 2014 | 10:18 am

A Quick History of Cryptocurrencies BBTC — Before Bitcoin

This guest post by Ian Grigg is reprinted with permission from financialcryptography.com. Before Bitcoin, there was cryptocurrency. Indeed, it has a long and deep history. If only for the lessons learned, it is worth studying, and indeed, in my ABC of Bitcoin investing, I consider not knowing anything before Satoshi’s paper as a red flag. Hence, a very fast history of what came before. Early Days The first known (to me) attempt at cryptocurrencies occurred in the Netherlands, in the late 1980s, which makes it around 25 years ago or 20BBTC. In the middle of the night, the petrol stations in the remoter areas were being raided for cash, and the operators were unhappy putting guards at risk there. But […]

The post A Quick History of Cryptocurrencies BBTC — Before Bitcoin appeared first on Bitcoin Magazine.

Posted on 16 April 2014 | 10:10 am

Transaction Rights: The Necessary Product of Block Chaining

Peercoin was the first Bitcoin-based monetary system to use proof-of-stake as a mechanism to ensure its own integrity. However, there are some objections to Peercoin’s proof-of-stake model. This article presents those objections along with a similar system redesigned to address them. In a simplified version of Peercoin’s proof-of-stake design, each node can use part of its balance as a stake allowing it to chain blocks. The bigger that stake, the more chances this node has of increasing the block chain. The reward for chaining blocks is 1% of the used stake as newly minted coins, annually. Conversely, making transactions requires paying a fee that destroys 0.01 coins per transaction. For example, after having chained a block using one coin of […]

The post Transaction Rights: The Necessary Product of Block Chaining appeared first on Bitcoin Magazine.

Posted on 16 April 2014 | 10:07 am

First Bitcoin ATM Lands in Latin America

Beginning Monday, technology enthusiasts in Brazil became able to convert the Brazilian Real to Bitcoin using a Bitcoin vending machine, also known as a Bitcoin ATM. The unveiling marks the first Bitcoin ATM to be installed in Latin America, with a permanent position at a Sao Paulo bar which is already accepting Bitcoin. As the popularity of digital currency in Latin America continues, many businesses and individuals are taking advantage of the benefits that this new payment method provides. For businesses in developing countries, Bitcoin gives businesses the ability to end costly trade restrictions that decrease profits and hinder their ability to compete in the global marketplace. Bitcoin can also cut transaction fees associated with debit and credit card transactions. […]

The post First Bitcoin ATM Lands in Latin America appeared first on Bitcoin Magazine.

Posted on 16 April 2014 | 9:50 am

Linguistic Researchers Name Nick Szabo as Author of Bitcoin Whitepaper

A group of forensic linguistics experts believe the real creator of bitcoin is former law professor Nick Szabo.

Posted on 16 April 2014 | 8:35 am

China gets first bitcoin ATM, skirting bank crackdown - Reuters


Guardian Liberty Voice

China gets first bitcoin ATM, skirting bank crackdown
Reuters
Tokyo-based bitcoin exchange Mt. Gox has given up plans to rebuild under bankruptcy protection and asked a local court to allow it to be liquidated, The Wall Street Journal reported. Unlike conventional money, bitcoin and other crypto-currencies are ...
Singapore broker urges 'light touch' Bitcoin regulationZDNet
Bitcoin Mining: Road to Riches for Some, Road to Ruin for OthersGuardian Liberty Voice
Bitcoin Price Increases as China Lays off The Ban HammerCoinreport
CNBC.com -PCWorld -International Business Times UK
all 131 news articles »

Posted on 16 April 2014 | 8:24 am

Bitcoin Miner Taps Dad's Power Plant in Virtual-Money Hunt: Tech - Bloomberg


Bloomberg

Bitcoin Miner Taps Dad's Power Plant in Virtual-Money Hunt: Tech
Bloomberg
In the five years since bitcoin was created, the hunt for them has consumed enough electricity to keep the Eiffel Tower lit for 260 years. One man's way around the utility bills: the family power plant. Alex Wilhelm is a bitcoin miner, one of thousands ...
Bitcoin Miner Uses Family Water Turbine to Mine BitcoinsCoinreport

all 3 news articles »

Posted on 16 April 2014 | 7:05 am

Video: Inside the Offshore Vault Where Gold Trades for Bitcoin

CoinDesk's Kadhim Shubber visits the offshore vault where Bullion Bitcoin trades digital gold for the real thing.

Posted on 16 April 2014 | 5:24 am

Mt. Gox Officially Files for Liquidation

The defunct bitcoin exchange is now less likely to ever recover missing or seized funds, diminishing relaunch hopes.

Posted on 16 April 2014 | 4:47 am

Potential Mt. Gox Buyer: Exchange Has Important Role in Bitcoin’s Future

William Quigley, part of a group aiming to relaunch Mt. Gox, appeared on CNBC today to discuss his bid.

Posted on 15 April 2014 | 5:06 pm

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Price of Bitcoin Tops $500 as China Fears Subside

The price of bitcoin rose today as a long-rumored PBOC deadline passed without further action from the regulator.

Posted on 15 April 2014 | 4:10 pm

US Exchange CoinMKT Launches API, Adds USD/Dogecoin Trading

Cryptocurrency exchange CoinMKT has announced that it has launched an API to provide advanced access to its platform.

Posted on 15 April 2014 | 3:15 pm

Side Chains: The How, The Challenges and the Potential

Disclosure: the author of this article is the founder and Chief Scientist of the Ethereum project Last week, Adam Back and Austin Hill came out with an announcement on Let’s Talk Bitcoin, in which they announced their newest project: “sidechains”. The idea, they described, would allow for the existence of alternative blockchains, perhaps with different rules allowing various kinds of additional features or transaction types, but with a currency unit whose value is pegged to that of the bitcoin. The intent is to allow experimentation with different extensions to the Bitcoin protocol, using separate networks to avoid any risk to Bitcoin itself, while still using the same underlying currency unit. As soon as the idea was announced, there has been […]

The post Side Chains: The How, The Challenges and the Potential appeared first on Bitcoin Magazine.

Posted on 15 April 2014 | 3:08 pm

Bitcoin 2014 Amsterdam Conference Releases Full Schedule

Bitcoin 2014, a European conference held in association with the Bitcoin Foundation, has released a schedule of planned events.

Posted on 15 April 2014 | 2:45 pm

Bitcoin & Money

  Rome wasn’t built in a day, and today’s money mechanics certainly didn’t come in a single treaty.  Our global financial system, like any human system, is not perfect and can be outright cruel and inhumane.  We have witnessed injections and bailouts for some, and austerity and social benefit cuts for the poor- that’s money mechanics.  Why do the orchestrators of such a system play down or block Bitcoins’ right to exist?  Former FED chairman, Alan Greenspan in December of 2013 stated, “I do not understand where the backing of Bitcoin is coming from“.  Warren Buffet has referred to Bitcoin as a “mirage“. Money, as you might imagine has existed since our first human civilization.  While the exact origins are […]

The post Bitcoin & Money appeared first on Bitcoin Magazine.

Posted on 15 April 2014 | 2:14 pm

Bitcoin-Funded Dating App Develops After December Price Surge

Gregor Amon used the proceeds from bitcoin's ascent into the $1,000 range to fund a new iOS dating app.

Posted on 15 April 2014 | 1:35 pm

‘Emergency Hearing’ Could Lead to New Discoveries in Mt. Gox Case

An emergency court hearing set for tomorrow could enable the prosecuting attorneys to obtain new fact-finding abilities.

Posted on 15 April 2014 | 12:50 pm

How I Paid My Bitcoin Taxes - Forbes


Forbes

How I Paid My Bitcoin Taxes
Forbes
On March 25, I sent my accountant a link to the new IRS guidance on Bitcoin. With the price of Bitcoin soaring from $13 to $1,100 in 2013, people who got in low and sold high made real money off of it, and the government wants in on the proceeds, with ...
Governments will Kill Bitcoin by 'Taxing it to Death'International Business Times UK
Weaving Is A Better Metaphor for Bitcoin, Instead of MiningBitcoin Magazine

all 5 news articles »

Posted on 15 April 2014 | 12:26 pm

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Bringing Bitcoin to the Middle East – Cointalks Dubai

Weeks ago, it seemed that Dubai may have been turning into a major Bitcoin hub. An image released on various social media platforms and news sources depicted upwards of 400 Bitcoin ATMs in a warehouse, with headlines like “Dubai About to Roll Out 400 Bitcoin ATMs.” However, later that week, the UAE Department of Economic Development stated that they have not issued any Bitcoin licences thus far. But Bitcoin is still making its mark in Dubai. Early this week, the first official Bitcoin ATM made its debut in the heart of Dubai’s financial district. In conjunction, an exciting two-day event will begin on April 20. Cointalks Dubai is organized by The Online Project (TOP), and will be one of the first […]

The post Bringing Bitcoin to the Middle East – Cointalks Dubai appeared first on Bitcoin Magazine.

Posted on 15 April 2014 | 11:37 am

CoinTerra Ships 5,000th TerraMiner, Offers 20% Discount

Mining hardware specialist CoinTerra has managed to ship its 5,000th TerraMiner just ten weeks after launching full-scale production.

Posted on 15 April 2014 | 10:33 am

Alpha Technology Initiates Scrypt ASIC Tape-Out

Alpha Technology has a new development update and its Viper scrypt board seems to be making headway.

Posted on 15 April 2014 | 8:30 am

Why Bitcoin Is the Smart Bet in Tech Investing - Bloomberg


ValueWalk

Why Bitcoin Is the Smart Bet in Tech Investing
Bloomberg
Why Bitcoin Is the Smart Bet in Tech Investing. REPLAY VIDEO. Your next video will start in. Pause. Facebook Share · Tweet · LinkedIn · Google +1. SHARE. Click to email this video: Email. Copy this link and send via email or IM: Copy this code to embed ...
Bitcoin Isn't Really The Smart Investment In TechValueWalk

all 3 news articles »

Posted on 15 April 2014 | 6:52 am

The Gatekeepers

This post was released for Issue 19 of Bitcoin Magazine as part of a series of  articles about puzzles and games that started with Issue 12. This series of puzzles and games was inspired by a talk given by the founder of the Pirate Party, Rick Falkvinge, at the European Bitcoin Conference in Prague on November 26, 2011 called ‘the fall of the gatekeepers’. A gatekeeper is a person who controls access to something, for example via a city gate. In the late 20th century the term came into metaphorical use, referring to individuals who decide whether a given message will be distributed by a mass medium. In his talk, Falkvinge maps the epic history of the people’s thirst for […]

The post The Gatekeepers appeared first on Bitcoin Magazine.

Posted on 13 April 2014 | 6:04 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

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

Czech ISP accepts bitcoin

Posted on 3 February 2014 | 2:58 pm

7 eleven and bookstores accepts Bitcoin - in Mexico

Posted on 1 February 2014 | 12:51 pm

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

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

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

April 17, 2014 - Advertise with Anonymous Ads
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