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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

Commonwealth Bank of Australia To Launch Ripple Payments Soon

The Commonwealth Bank of Australia (CBA) plans to begin using the Ripple network to settle payments between its subsidiaries soon. Commonwealth Bank chief information officer David Whiteing revealed the large bank’s interest in Ripple technology yesterday during a speech at an event hosted by the Australian Information Industry Association (AIIA). Technology news outlet CIO reported Whiteing said, “Bitcoin is a protocol which is now being replicated by non-asset based vendors like Ripple and others. We absolutely see that’s where it’s going to go. The bank has a role to play in that.” “As a result, we have done a whole bunch of experiments with it. We are about to launch using Ripple as a means to transfer payments between our […]

The post Commonwealth Bank of Australia To Launch Ripple Payments Soon appeared first on Bitcoin Magazine.

Posted on 28 May 2015 | 10:56 am

Tembusu Systems to Launch TRUST Digital Money Platform for Businesses and Governments

Tembusu Systems Pte Ltd., a digital currency platform provider based in Singapore that counted Greece’s Finance Minister Yanis Varoufakis among its advisers, announced that it will soon begin implementing digital currency payments using its TRUST framework. According to the Tembusu website, Tembusu’s TRUST framework is a global infrastructure that lets verified individuals transfer and manage assets instantly, securely, simply and inexpensively. Based on blockchain technology, it enables payment using different currencies – real-world, digital or even gold and silver. The system was developed to integrate traditional currency platforms with the emerging blockchain technology that drives digital currencies such as bitcoin. “TRUST is taking its first step into getting widespread adoption and integration with existing systems,” said Tembusu co-founder and CEO […]

The post Tembusu Systems to Launch TRUST Digital Money Platform for Businesses and Governments appeared first on Bitcoin Magazine.

Posted on 28 May 2015 | 9:23 am

Vegascasino.io Launches Into The Bitcoin Casino And Online Gaming Markets

Bitcoin Press Release: Just launched Bitcoin Casino Vegascasino.io offers bettors and players an industry leading online betting and online gambling experience that is second to none. Vegascasino.io is a new player in the Bitcoin gambling market, but boasts an experienced team of professionals behind the platform. The team comes from a fiat currency gambling background running casinos, sportsbooks and poker for over a decade: It is a new and an exciting venture for us. Bitcoin popularity is growing every day and we want to make sure the industry has more trusted providers. We do our utmost to treat each customer individually and offer them the best service. To make sure all of their needs are met with the highest standards.“ […]

The post Vegascasino.io Launches Into The Bitcoin Casino And Online Gaming Markets appeared first on Bitcoin Magazine.

Posted on 28 May 2015 | 9:14 am

Barry Silbert: Western Union Will Be Crushed by Bitcoin (VIDEO) - Entrepreneur


Barry Silbert: Western Union Will Be Crushed by Bitcoin (VIDEO)
Entrepreneur
Financial service firms like Western Union and MoneyGram aren't far behind, according to noted Bitcoin advocate and investor Barry Silbert. “You should be able to move money and value instantaneously and it should basically be free,” Silbert told ...

and more »

Posted on 28 May 2015 | 9:08 am

Bitcoin Rules Divide Wall Street's Digital Currency Community - International Business Times


International Business Times

Bitcoin Rules Divide Wall Street's Digital Currency Community
International Business Times
“The reaction has been overwhelmingly negative,” says Steve Wager, head of global operations at digital currency startup itBit, which is headquartered in New York. But itBit isn't your typical bitcoin outfit. “We take somewhat a contrarian stance ...
Accenture: UK Government Should Regulate Bitcoin WalletsCoinDesk
Top 10 Countries in Which Bitcoin is BannedCryptoCoinsNews
New Bill Could Mean Lower Taxes For Bitcoin Startups in New JerseyBitcoin Magazine
NJ.com -International Business Times UK -ValueWalk
all 20 news articles »

Posted on 28 May 2015 | 9:07 am

New Bill Could Mean Lower Taxes For Bitcoin Startups in New Jersey

A new bill by proposed by two New Jersey assemblymen could mean tax and regulatory breaks for digital currency companies operating in the state. According to The Star-Ledger, the bill would lessen burdens for cryptocurrency companies in an attempt to incentivize job creation in the state. Proposed by Assemblyman Rai Mukherji (D-Hudson) and Assemblyman Gordon Johnson (D-Bergen), the 30-page bill would create a regulatory framework for digital currency companies to operate within as well. The bill comes two months after New Jersey’s Assembly Financial Institutions and Insurance committee held a two hour hearing about Bitcoin. The New Jersey Treasury officially recognized the digital currency in April when it wrote that digital currency transactions were subject to sales tax and would […]

The post New Bill Could Mean Lower Taxes For Bitcoin Startups in New Jersey appeared first on Bitcoin Magazine.

Posted on 28 May 2015 | 8:53 am

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BitStamp Launches Bitcoin Debit Card For EU Citizens

European Bitcoin exchange BitStamp launched a pre-paid debit card that can be loaded with bitcoin on Wednesday. According to the London-based exchange, the debit card is accepted at anywhere major credit and debit cards are accepted. The card’s balance can be denominated either in British pounds, euros or American dollars. The debit card has three stages of verification, each with its own spending limit. The most basic stage requires no know-your-customer verification and allows for €2,500 worth of transactions annually. Government ID, proof of residence, and a certified source of funds document is required for the highest annual spending limit, €125,000. Crypto Debit Card The debit cards can be ordered now. They are first received in a digital form that […]

The post BitStamp Launches Bitcoin Debit Card For EU Citizens appeared first on Bitcoin Magazine.

Posted on 28 May 2015 | 8:39 am

Lucy Liu Touts Blockchain Tech at Discussion on Branson's Island

Block Chain Summit, the exclusive bitcoin event held on Richard Branson's private island, has revealed a surprising advocate of blockchain technology. According to tweets from Necker Island, actress Lucy Liu – better known for her work in Hollywood blockbusters and Sherlock Holmes reboot Elementary – joined participants for a Skype discussion on how the blockchain could play a […]

Posted on 28 May 2015 | 4:56 am

Case Against Controversial Student Bitcoin Project Comes to Close - CoinDesk


Asbury Park Press

Case Against Controversial Student Bitcoin Project Comes to Close
CoinDesk
The New Jersey Division of Consumer Affairs has settled with the developers behind Tidbit, a student hackathon project that experimented with bitcoin mining as an alternative to online advertising. Under the terms of the settlement, Tidbit's developers ...
State agency says MIT student Bitcoin mining software secretly accessed ...Asbury Park Press
Settlement reached with developer of Bitcoin-mining softwareThe San Luis Obispo Tribune

all 14 news articles »

Posted on 28 May 2015 | 2:44 am

Inside New Jersey's Proposed Digital Currency Jobs Creation Act

A bill submitted to the New Jersey legislature proposes tax incentives for digital currency businesses that support local jobs.

Posted on 27 May 2015 | 5:06 pm

MIT student settles legal fight with NJ over bitcoin-mining experiment - BetaBoston


BetaBoston

MIT student settles legal fight with NJ over bitcoin-mining experiment
BetaBoston
An MIT student who butted heads with New Jersey regulators over an online bitcoin-mining experiment has finally settled the case after a year and a half of legal wrangling. As part of the settlement, engineering student Jeremy Rubin will not have to ...
NJ Settlement with Controversial Bitcoin Mining ProjectnewsBTC

all 3 news articles »

Posted on 27 May 2015 | 4:12 pm

Think Tank Reignites Debate Over Bitcoin Mining's Environmental Effects

An Australia-based sustainability think-tank has claimed that bitcoin could eventually consume 60% of annual global electricity production.

Posted on 27 May 2015 | 11:25 am

Bitcoin Price Range Decreasing - CryptoCoinsNews


CryptoCoinsNews

Bitcoin Price Range Decreasing
CryptoCoinsNews
A longer-term view of the Bitcoin price chart shows that the moving averages are more closely compressed – and aligned – than they have been in over a year. Price action has narrowed in range and is tending toward $240 and 1480 CNY. This analysis is ...

Posted on 27 May 2015 | 10:55 am

Citi Persuaded that Digital Money is Inevitable, Encourages U.K. Government to Create its Own

In March, after receiving more than 120 replies to a call for information on digital currencies, the U.K. government released a Treasury document titled “Digital Currencies: Response to the Call for Information,” which summarizes the submissions received and outlines the government’s views and proposed next steps. In particular, the government is launching a £10 million (U.S. $14.6 million) research initiative on digital currencies. One of the replies to the U.K. government call for information came from the global bank Citi. The bank is persuaded that digital money adoption is inevitable, and the U.K. government should consider issuing its own digital money, Finextra reports. The full text of the Citi document was obtained by CoinDesk via a Freedom of Information request. […]

The post Citi Persuaded that Digital Money is Inevitable, Encourages U.K. Government to Create its Own appeared first on Bitcoin Magazine.

Posted on 27 May 2015 | 10:26 am

New Jersey Legislators Propose Tax Breaks for Bitcoin Businesses

Two New Jersey legislators have introduced a Digital Currency Jobs Creation Act that calls for tax breaks for bitcoin businesses.

Posted on 27 May 2015 | 9:44 am

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Consensus 2015: DOJ's Kathryn Haun to Discuss Blockchain Analysis and Silk Road Case

Kathryn Haun, Digital Currency Crimes Coordinator at the US Department of Justice, will discuss blockchain and transparency at Consensus 2015.

Posted on 27 May 2015 | 4:28 am

MIT aims to give bitcoin research, development a stable home - BetaBoston


BetaBoston

MIT aims to give bitcoin research, development a stable home
BetaBoston
Bitcoin survived a wild youth marked by drug trafficking, money laundering, theft, bankruptcy, and political spats. Now, the digital currency is getting cleaned up and heading to grad school. A fledgling project at the Massachusetts Institute of ...
MIT sets up bitcoin research, developmentBoston Globe (subscription)
Penn State Scholar Predicts Altcoins Will Surpass BitcoinnewsBTC

all 6 news articles »

Posted on 26 May 2015 | 5:56 pm

Case Against Controversial Student Bitcoin Project Comes to Close

The New Jersey Division of Consumer Affairs has reached a settlement with the students behind controversial hackathon project Tidbit.

Posted on 26 May 2015 | 4:13 pm

Official 'Life on Bitcoin' Documentary Trailer Released

Nearly two years after initial filming began, the official trailer for the documentary "Life on Bitcoin" has been released.

Posted on 26 May 2015 | 3:02 pm

Bitcoin Center Opens in Brazil's Capital City

A new physical bitcoin center and brokerage has opened in Brasilia, the capital city of Brazil.

Posted on 26 May 2015 | 1:46 pm

Accenture: UK Government Should Regulate Bitcoin Wallets

The UK government should apply regulation to bitcoin wallets, multinational management consulting company Accenture has advised.

Posted on 26 May 2015 | 1:05 pm

BitSent Expands its Fleet of Bitcoin ATMs to British Columbia’s Simon Fraser University

One of Canada’s first companies to launch Bitcoin ATMs across the country is expanding its fleet of Lamassu-brand ATMs to Vancouver, British Columbia’s Simon Fraser campus bookstores in Vancouver, Surrey and Burnaby. BitSent now has Bitcoin ATMs in 11 locations across the country and is looking to expand internationally in 2015. While other Bitcoin companies are experimenting with newer technology such as QuadrigaCX’s SumoPro Bitcoin ATMs, BitSent has chosen to stick with the Lamassu model despite some hiccups in the operation and maintenance of the earlier models. Their Simon Fraser Bookstore locations will also be the first university bookstore to accept bitcoin as payment for books and other products carried in their stores. Mike Yeung, the founder of the Simon Frazer University […]

The post BitSent Expands its Fleet of Bitcoin ATMs to British Columbia’s Simon Fraser University appeared first on Bitcoin Magazine.

Posted on 26 May 2015 | 11:55 am

EBA Chairman: Banks Must Understand Blockchain Tech

Banks need to understand blockchain technology, according to the chairman of the European Banking Association working group.

Posted on 26 May 2015 | 6:28 am

Canadian University Adds Bitcoin ATMs to Bookstore Locations

British Columbia's Simon Fraser University (SFU) announced today that its official campus bookstore would begin accepting bitcoin payments.

Posted on 25 May 2015 | 2:20 pm

Bitcoin Might Be The Next Big Thing In The Remittance Market - TechCrunch


TechCrunch

Bitcoin Might Be The Next Big Thing In The Remittance Market
TechCrunch
Bitcoin's most disrupting feature is its decentralized architecture. Indeed, bitcoin relies on a P2P network of computers to proceed money transfers. Each part of the network works to create new bitcoins ('mining'), keep the network alive and validate ...
Bitcoin is Killer App for $1 Trillion Remittance MarketBreitbart News
Bitcoin is Gaining Traction in AfricanewsBTC
Bitcoin in AfricaCEX.IO Official Blog (blog)

all 8 news articles »

Posted on 25 May 2015 | 1:01 pm

Payment Processor Payza's Bitcoin Transactions Rise 20% Per Month

Global online payment processor Payza has said its bitcoin transactions have been rising steadily by about 20% per month.

Posted on 25 May 2015 | 6:30 am

Roger Ver and OKCoin at War Over Bitcoin.com Domain Name

Two of bitcoin's biggest names, Roger Ver and exchange OKCoin, are engaged in a dispute over the Bitcoin.com domain, amid accusations over contracts.

Posted on 25 May 2015 | 4:22 am

Book Review: Digital Gold is an Invaluable Page-Turner

A review of Nathaniel Popper's new book 'Digital Gold: Bitcoin and the inside story of the misfits and millionaires trying to reinvent money'.

Posted on 24 May 2015 | 8:23 am

Will the New UK Government Create a Bitcoin Hub?

What might the new UK government's plans for bitcoin regulation look like and is it capable of creating a bitcoin hub?

Posted on 23 May 2015 | 5:00 am

Bitcoin in the Headlines: Nathaniel Popper Strikes Media Gold

This week, The New York Times, Wall Street Journal and Bloomberg all gave bitcoin the spotlight with lengthy reports and coverage.

Posted on 22 May 2015 | 5:06 pm

Investment Funds Containing Bitcoin Added to IG

The first fund to offer bitcoin investment as part of a bespoke portfolio has launched on global derivatives trading platform IG.

Posted on 22 May 2015 | 10:40 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

German Newspaper "taz" accepts Bitcoin

Posted on 22 July 2014 | 1:32 pm

Expedia to accept Bitcoin payments for hotel bookings

Posted on 12 June 2014 | 12:41 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

May 28, 2015 -
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