Bitcoin Latest News
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
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Posted on 6 July 2015 | 2:39 pm
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
Posted on 6 July 2015 | 11:31 am
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
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
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Can bitcoin help the world's unbanked?CNBC
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
Posted on 5 July 2015 | 5:01 pm
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
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
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
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
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
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
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
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
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 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
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
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 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
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
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
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
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
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
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
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