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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

Will Bitcoin become a legitimate currency for large companies? - CIO


CIO

Will Bitcoin become a legitimate currency for large companies?
CIO
Since last year, the popular travel site has used CoinBase to handle its Bitcoin transactions. Large online retailers like Overstock.com now accept Bitcoin, and countless small (but legitimate and well-funded) etailers like BloomNation, a flower ...
Bitcoin Still Struggling with $270 DollarsForex Market (blog)

all 2 news articles »

Posted on 7 July 2015 | 6:01 am

Advertise with Anonymous Ads

Bitcoin Poker Boss Pleads Guilty to Nevada Gaming Charge

The former operator of a bitcoin poker site has plead guilty to one count of operating an unlicensed gambling site in the state of Nevada, reports say. Having avoided a maximum sentence of 10 years in prison, Bryan Micon, who ran the now-defunct Seals with Clubs, will have to pay a $25,000 fine and serve a probation term, VegasInc reports. […]

Posted on 7 July 2015 | 5:23 am

Bitdeals.io Strives To Bring All Of Bitcoin's Best Deals Together In One Place - CryptoCoinsNews


CryptoCoinsNews

Bitdeals.io Strives To Bring All Of Bitcoin's Best Deals Together In One Place
CryptoCoinsNews
Bitdeals.io, the idea of two high schoolers, strives to help people find online stores that offer discounts in bitcoins, already offering the largest selection of bitcoin deals on the Internet. Raymond Mancini and Giovanni Armonies-Assalone, the ...

Posted on 7 July 2015 | 4:31 am

BitX Launches Bitcoin Services in Nigeria - CoinDesk


CoinDesk

BitX Launches Bitcoin Services in Nigeria
CoinDesk
"We've been inundated with requests for bitcoin products and services from consumers, developers and Nigerian businesses. The business aspect is particularly interesting and we're currently working with a number of these businesses to bring some ...
Singapore Bitcoin Exchange BitX Launches in NigeriaCoinTelegraph
Bitcoin Company, BitX Launches in NigeriaTechCabal
Singaporean Bitcoin Exchange BitX Enters Nigerian MarketsnewsBTC
Ventureburn
all 6 news articles »

Posted on 7 July 2015 | 2:24 am

Amid the Greek Crisis, Bitcoin Reminds Everyone It's Not Perfect - Bloomberg


Bloomberg

Amid the Greek Crisis, Bitcoin Reminds Everyone It's Not Perfect
Bloomberg
The economic crisis in Greece has turned some attention to Bitcoin again. The price of the digital currency has rallied over the past few days, partly because some Greeks have been snapping up the currency amid bank closures and cash withdrawal limits.
A Bitcoin Fund Is Born, With Teething PainsWall Street Journal
How The Bitcoin Investment Trust Pushes Bitcoin Into Mainstream FinanceCryptoCoinsNews
Bitcoin hits four-month high as Greece votes 'no' to eurozone bailout conditionsInternational Business Times UK
CoinTelegraph -newsBTC -ITProPortal
all 30 news articles »

Posted on 6 July 2015 | 2:39 pm

Double Spending Risk Remains After July 4th Bitcoin Fork

A fork in the bitcoin network has raised issues regarding how key participants in the payment network process and confirm transactions.

Posted on 6 July 2015 | 1:05 pm

Why it makes sense for Reddit to decentralize, a la bitcoin - Engadget


Engadget

Why it makes sense for Reddit to decentralize, a la bitcoin
Engadget
Imagine a version of Reddit that's fully peer-to-peer like BitTorrent, and which relies on small bitcoin transactions to function. That's something the company was actually considering last year, according to Ryan Charles, Reddit's former ...
Fred Wilson: The Next Reddit Will Likely Be Built on the Bitcoin BlockchainRe/code
Reddit in revolt: Site could be rebuilt on bitcoin tech blockchain to end ...International Business Times UK
Fred Wilson Says the Next Reddit Will Be Built on the Bitcoin BlockchainCoinTelegraph
CryptoCoinsNews -The Next Web -Coinspeaker
all 18 news articles »

Posted on 6 July 2015 | 11:31 am

The Greeks Vote NO, Setting Stage for Possible Parallel Currency and Eurozone Exit

Greek voters have issued a surprisingly loud and clear statement of support to Greek Prime Minister Alexis Tsipras, and defiance to European authorities and the International Monetary Fund. In the referendum celebrated Sunday, an overwhelming majority of more than 61 percent of Greeks, with an impressive 22 percent lead over the 39 percent of Greeks who voted yes, have said no to the bailout deal proposed by the country’s creditors. Opinion polls before the referendum showed the difference between the Yes and No camps as too close to call, and therefore the strong majority won by Tsipras comes as a shock to many observers. The European authorities should consider the results of the referendum a wake-up call – the Greeks […]

The post The Greeks Vote NO, Setting Stage for Possible Parallel Currency and Eurozone Exit appeared first on Bitcoin Magazine.

Posted on 6 July 2015 | 9:15 am

Coinbase Positioned to Grow Bitcoin Presence in Australia after Investment by Westpac

Following the strategic investment of Westpac Banking Corporation’s venture capital firm Reinventure earlier this year, Coinbase co-founder Fred Ehrsam announced that the company has set its plans to a potential expansion to Australia, and is currently trying to educate the local regulators on the benefits of bitcoin. Coinbase’s Series C funding round, participated in by Westpac, raised $75 million USD in January 2015, from large financial organizations and venture capital firms including Spanish bank BBVA and Fortune 500 financial services group USAA. This deal marked the first investment of an Australian bank to a Bitcoin company. “We’re very excited to be working with such a great management team and look forward to helping them grow their business,” Simon Cant, co-founder […]

The post Coinbase Positioned to Grow Bitcoin Presence in Australia after Investment by Westpac appeared first on Bitcoin Magazine.

Posted on 6 July 2015 | 9:11 am

Bitcoin Price Analysis: The Running of the Bulls (Week of July 6) - CoinTelegraph


CoinTelegraph

Bitcoin Price Analysis: The Running of the Bulls (Week of July 6)
CoinTelegraph
The event has become internationally renowned because of the running of the bulls, where the bulls try to gore wanna-be matadors through the streets of the city's old quarter. Meanwhile, Bitcoin, too, is experiencing a bull run and as of this writing ...

Posted on 6 July 2015 | 4:32 am

One of the world's biggest banks just admitted bitcoin could destroy existing ... - Business Insider


Business Insider

One of the world's biggest banks just admitted bitcoin could destroy existing ...
Business Insider
French bank BNP Paribas says the technology underpinning bitcoin has the potential to make existing companies "redundant," a huge admission from one of the world's biggest banks. Analyst Johann Palychata writes in the company's magazine ...
One Of World's Biggest Banks Admits Bitcoin Could Destroy Existing Finance FirmsMintpress News (blog)
BNP Paribas: Bitcoin Could Make Financial Companies RedundantCryptoCoinsNews
BNP Parinas: Bitcoin tech could make securities firms obsolete99 Bitcoins (blog)
ForexMinute.com -Payment Week
all 12 news articles »

Posted on 6 July 2015 | 2:44 am

Can bitcoin help the world's unbanked? - CNBC


CNBC

Can bitcoin help the world's unbanked?
CNBC
As bitcoin struggles to gain mass appeal, advocates of the digital currency are turning to a new audience to promote adoption: the global unbanked. More than 2 billion adults lack access to financial services such as a bank accounts and credit cards to ...

Posted on 5 July 2015 | 5:03 pm

Forget Bitcoin — What Is the Blockchain and Why Should You Care? - Re/code


Re/code

Forget Bitcoin — What Is the Blockchain and Why Should You Care?
Re/code
This is the principle behind the blockchain, a powerful and widely misunderstood invention that could profoundly affect our relationship with the digital world. Most people are vaguely familiar with the blockchain as the technology underpinning bitcoin ...
Greece Is Slowly Cutting Itself Off From the Internet in Attempt to Save Its ...Mic

all 3 news articles »

Posted on 5 July 2015 | 5:01 pm

Review: Reveal App Channels SnapChat with a Crypto Edge

CoinDesk reviews Reveal, a new mobile social network with a built-in cryptocurrency that seeks to create an economy for attention.

Posted on 5 July 2015 | 5:00 am

Forget Gold, Bitcoin is Backed by Time

Travis Patron argues that bitcoin is an intrinsically valuable form of money because it is regulated through time-bound algorithms.

Posted on 4 July 2015 | 4:00 am

Bitstamp Enables Canada-based Customer Deposits

Customers in Canada will be now able to deposit Canadian dollars into their Bitstamp accounts following the exchange's partnership with Vogogo.

Posted on 3 July 2015 | 12:37 pm

Bitcoin in the Headlines: More Hot Air for Greece

As Greece gets to grips with its upcoming bailout referendum the media has taken its coverage of bitcoin to a whole new level.

Posted on 3 July 2015 | 11:05 am

Kleiner Perkins: Blockchain Tech Will Spawn Amazon-Sized Successes

KPCB Edge partner Anjney Midha explains why his new $4m seed-stage investment firm is bullish on the bitcoin blockchain.

Posted on 3 July 2015 | 7:19 am

Email Paywall System ‘Mailman' Wins Coinbase Hackathon

Mailman has won Coinbase's second hackathon, which gave away $70,000 worth of bitcoin in prizes.

Posted on 3 July 2015 | 4:03 am

How Ascribe Uses Bitcoin Tech to Help Underserved Artists

CoinDesk speaks with Ascribe CTO Trent McConaghy, who co-founded a startup behind a blockchain-powered IP ownership platform.

Posted on 2 July 2015 | 3:15 pm

KEYNOTE 2015: Rebooting Finance with a New Kind of Ledger

On August 3rd 2015, the FinTech conference Keynote2015 will be landing in Los Angeles to unpack distributed ledgers – the tech behind bitcoin – and enlighten participants as to how they can revolutionize the financial world with this radical new ledger. Geared for those that want to know not only how this new disruptive tech works, but how it can work for them, Keynote2015 offers a compact one-day agenda that boasts the biggest and brightest names in the industry, including Surash Ramamurthi, Yobie Benjamin, and Aaron Cooper from the DOJ. Keynote2015 will take place in the opulent surrounds of the Legendary Park Plaza Hotel in downtown Los Angeles. Representatives from businesses such as Paypal, Square, Twitter and Uber will be […]

The post KEYNOTE 2015: Rebooting Finance with a New Kind of Ledger appeared first on Bitcoin Magazine.

Posted on 2 July 2015 | 1:56 pm

Bitcoin Standardization, Security and Accountability: the DCC, C4, and OBPP

There has been a longstanding debate within the Bitcoin ecosystem on the concept of regulation and standardization of the industry. There are generally two camps of Bitcoin enthusiasts. One side contends that Bitcoin was meant not to be regulated. The other side wants to work alongside regulators to bring about mass adoption of the digital currency. Currently, it is very easy for a wallet manufacturer to make claims about privacy that cannot be easily checked by the average user. Recent scams and fraudulent players in a rapidly growing industry have prompted both sides to reach a consensus; the industry needs a watchdog to protect consumers. Enter the Watchmen Last March Bitcoin Magazine covered C4’s announcement of a new Crypto Security […]

The post Bitcoin Standardization, Security and Accountability: the DCC, C4, and OBPP appeared first on Bitcoin Magazine.

Posted on 2 July 2015 | 12:58 pm

Brazilian Congressman Calls for Hearing on Bitcoin Regulation

Brazilian Congressman Manoel Junior has proposed a public hearing to discuss the potential regulation of bitcoin and the blockchain.

Posted on 2 July 2015 | 12:16 pm

Internet Activists Ridicule PM Cameron’s Plan to Ban Strong Encryption in the UK

British Prime Minister David Cameron said that his government intends to ban strong encryption, UK’s leading political news website politics.co.uk reports. In reply to Tory Member of Parliament Henry Bellingham, who asked the prime minister whether the attacks in Tunisia meant it was time companies such as Google, Facebook and Twitter understand that their current privacy policies are completely unsustainable, Cameron said that the security services must always be able to spy on online communications. “Britain is not a state that is trying to search through everybody’s emails and invade their privacy,” said Cameron. “We just want to ensure that terrorists do not have a safe space in which to communicate. That is the challenge, and it is a challenge […]

The post Internet Activists Ridicule PM Cameron’s Plan to Ban Strong Encryption in the UK appeared first on Bitcoin Magazine.

Posted on 2 July 2015 | 11:05 am

Weeks Before the eBay Split, PayPal Acquires Digital Payment Provider Xoom

Paypal announced on Wednesday that it was acquiring San Francisco-based Xoom, a company that facilitates the digital transfer of money internationally, Forbes reports. The all-cash deal values Xoom at $890 million, or $25 a share. “Expanding into international money transfer and remittances aligns with our strategic vision to democratize the movement and management of money,” said PayPal President Dan Schulman. “Acquiring Xoom allows PayPal to offer a broader range of services to our global customer base, increase customer engagement and enter an important and growing adjacent marketplace,” he said. “Xoom’s presence in 37 countries – in particular, Mexico, India, the Philippines, China and Brazil – will help us accelerate our expansion in these important markets.” Xoom is a digital money […]

The post Weeks Before the eBay Split, PayPal Acquires Digital Payment Provider Xoom appeared first on Bitcoin Magazine.

Posted on 2 July 2015 | 11:01 am

Former Silk Road DEA Agent Pleads Guilty to Bitcoin Theft

Former DEA agent Carl Mark Force IV has admitted stealing over $700,000 worth of bitcoin whilst running the Baltimore Silk Road investigation.

Posted on 2 July 2015 | 5:45 am

Coinfloor Launches Broker-Based UK Bitcoin Marketplace

London-based bitcoin exchange Coinfloor has announced the launch of a broker-based peer-to-peer marketplace.

Posted on 2 July 2015 | 4:43 am

Details of $5 Million Bitstamp Hack Revealed

Six employees of bitcoin exchange Bitstamp were targeted in a phishing attack leading up to the theft of roughly $5m in bitcoin, an unconfirmed report claims.

Posted on 1 July 2015 | 3:45 pm

Financial Action Task Force Issues Bitcoin Guidelines, Warns about Money Laundering

The independent intergovernmental organization FATF or The Financial Action Task Force (on Money Laundering), headquartered in Paris, has published a report as a guide for using digital currencies titled “Guidance for a Risk-Based Approach to Virtual Currencies.” It includes benefits of digital currencies as well as potential risks of money laundering and terror financing. The report is essentially the conclusion to the recent meeting held at Brisbane that was participated by 34 member nations and two regional organizations – the European Union and the Gulf Co-operation Council — to discuss policies, regulations and compliance for digital currencies. The 48-page extended report issued by the FATF described bitcoin payment services and products as potential tools for money laundering, and announced that […]

The post Financial Action Task Force Issues Bitcoin Guidelines, Warns about Money Laundering appeared first on Bitcoin Magazine.

Posted on 1 July 2015 | 11:27 am

Silicon Valley Bank: UK Should Regulate Digital Currency Firms

The UK government should regulate activity in the cryptocurrency space and help to create global legislation, according to Silicon Valley Bank.

Posted on 1 July 2015 | 10:42 am

French Bitcoin Startups Back FinTech Trade Group

Bitcoin wallet hardware maker Ledger and bitcoin exchange Paymium are among the 36 fintech startups backing France FinTech, a new trade group.

Posted on 1 July 2015 | 6:31 am

Blythe Masters Joins Digital Currency Advocacy Group as Advisor

The Chamber of Digital Commerce, a digital currency advocacy group, has appointed former Wall Street executive Blythe Masters as an advisor.

Posted on 1 July 2015 | 4:30 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

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

Mt.Gox Statement

Posted on 3 March 2014 | 3:44 am

July 7, 2015 -
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