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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

Silk Road Operator Ross Ulbricht to Be Sentenced Tomorrow

Convicted Silk Road operator Ross Ulbricht faces decades, if not life, in prison at a sentencing hearing tomorrow in New York.

Posted on 28 May 2015 | 3:36 pm

'New Frontier' of Bitcoin Cybercrime Explored at Barcelona Event

Bitcoin attackers present "a new frontier" for cybercrime, a gathering of top security specialists heard in Barcelona this week.

Posted on 28 May 2015 | 1:50 pm

Bitnodes Launches 'Power-Efficient' Bitseed Rival

Addy Yeow, the developer behind Bitnodes, has released a new hardware bitcoin node. According to the website, which monitors bitcoin node performance worldwide, the Bitnodes Hardware B1 model comes equipped with the latest version of Bitcoin Core and is said to be a "low footprint quad-core single-board computer built and configured to operate a dedicated bitcoin full node". In […]

Posted on 28 May 2015 | 12:50 pm

Pinn Wins Top Prize for Hand-Free Bitcoin Payments App - CoinDesk


CoinDesk

Pinn Wins Top Prize for Hand-Free Bitcoin Payments App
CoinDesk
For example, Pinn enables merchants to accept ACH transactions, or direct debit transfers from consumer bank accounts. This means US dollar payments on Pinn's network would cost just 1% for merchants to accept, the same rate bitcoin payment processors ...

Posted on 28 May 2015 | 11:28 am

Pinn Wins Top Prize for Hand-Free Bitcoin Payments App

Pinn placed first at a recent demo day for a solution that enables bitcoin and fiat payments without the user every touching their cell phone.

Posted on 28 May 2015 | 11:15 am

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

Bitcoin ATMs Reach 400 Units Worldwide, 2-Way Machines on the Rise - CoinTelegraph


CoinTelegraph

Bitcoin ATMs Reach 400 Units Worldwide, 2-Way Machines on the Rise
CoinTelegraph
The number of Bitcoin ATMs across the globe has hit 400. Meanwhile, operators are reportedly making US$1-3K monthly of their Lamassu units, 2-way machines are on the rise, and other interesting metrics from CoinATMradar. On October 28, 2013, Bitcoin's ...

Posted on 28 May 2015 | 9:42 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

12charge.com Launches Worldwide Mobile Recharge With Bitcoin, Utility Bills Payments With Cryptocurrency, And More

Bitcoin Press Release: 12charge.com launches worldwide mobile recharge, utility bills payment, TV, Internet, Skype and more; aiming to “charge everything” with Bitcoin and other options, in just a few clicks. Accepting Cryptos Hong-Kong based company Sam Sien Trading Ltd recently launched startup 12charge.com. This global online recharge service allows users from 110+ countries to top up their mobile phones or buy airtime from over 450 providers and to pay utility bills, loans, TV, internet and other services in some of these countries with Bitcoin, cryptocurrency and other payment methods. Besides topping up cell phones and paying for utility bills, 12charge allows to recharge a variety of global services like IP telephony (VoIP) including Skype, travel sim cards top up, as […]

The post 12charge.com Launches Worldwide Mobile Recharge With Bitcoin, Utility Bills Payments With Cryptocurrency, And More appeared first on Bitcoin Magazine.

Posted on 28 May 2015 | 9:10 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

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

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

Bitcoin Price Hammering Support - CryptoCoinsNews


CryptoCoinsNews

Bitcoin Price Hammering Support
CryptoCoinsNews
Whether already underway or still to unfold, a wave “C” to the upside may target 1500 CNY / $242 – the location of the longer-term upside resistance level previously discussed in these articles. We take a close-up look at Bitcoin price action and its ...

Posted on 28 May 2015 | 7:25 am

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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


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 ...

and more »

Posted on 27 May 2015 | 8:50 pm

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

Think Tank Reignites Debate Over Bitcoin Mining's Environmental Effects - CoinDesk


Think Tank Reignites Debate Over Bitcoin Mining's Environmental Effects
CoinDesk
Debate about the environmental effects of bitcoin mining has resurfaced following claims by an Australia-based sustainability think tank that bitcoin could eventually consume 60% of annual global electricity production. According to the Long Future ...

Posted on 27 May 2015 | 11:36 am

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

Ex-Investment Bank CCO Joins Bitcoin Exchange Kraken To Prepare For US Expansion

Bitcoin exchange Kraken has announced that financial compliance veteran Howard Bernstein has joined the company as chief compliance officer as the trading platform looks to expand to the United States. Bernstein, who has more than 20 years of experience in American financial regulations, constructed the entire anti-money laundering program of the publicly traded investment bank Merriman Capital, Inc. He also helped Merriman comply with SEC and FINRA requirements. Much like the current state of Bitcoin regulations, the compliance requirements for the SEC and FINRA were new and very unclear at the time. According to a Kraken blog post, Bernstein will help manage the company’s day-to-day compliance program and begin to engage regulatory officials and lawmakers. But the new CCO also […]

The post Ex-Investment Bank CCO Joins Bitcoin Exchange Kraken To Prepare For US Expansion appeared first on Bitcoin Magazine.

Posted on 27 May 2015 | 10:45 am

3 Bitcoin Podcasts Featuring Industry Leaders

With the news of SoundCloud’s integration with Changetip, it only makes sense that there is a surge in appeal toward Bitcoin news and analysis podcasts. While constantly refreshing the most popular Bitcoin news sites is addictive to some, it does not always capture the true passion behind digital currency enthusiasts because they lack one thing podcasts have: a passionate voice. Whether you’re traveling on a WiFi-free flight, or waiting for the next price change, the Bitcoin podcasts below are sure to satiate your appetite.   Decentralize.fm Bitcoin Magazine had the chance to speak to Decentralize.fm’s Tony Sakish, who spoke about how they “did not want to be a podcast exclusively about Bitcoin, as there are plenty of those.” This led […]

The post 3 Bitcoin Podcasts Featuring Industry Leaders appeared first on Bitcoin Magazine.

Posted on 27 May 2015 | 10:44 am

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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

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

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

Nathaniel Popper's Digital Gold Sheds Light On The Rise Of Bitcoin - TechCrunch


TechCrunch

Nathaniel Popper's Digital Gold Sheds Light On The Rise Of Bitcoin
TechCrunch
The world of bitcoin is like the Lord Of The Rings without the Hobbits. You've got Sauron (Satoshi Nakamoto, who essentially wants freedom from law), Saruman (Ross Ulbricht, the technologist who wants to unleash the currency no matter the cost). They ...

Posted on 26 May 2015 | 10:25 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

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

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

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

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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