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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

Bitcoin miners create invalid currency after a botched upgrade - Engadget


Engadget

Bitcoin miners create invalid currency after a botched upgrade
Engadget
Digital currencies are only as reliable as their software, and some Bitcoin users are learning this the hard way. Thanks to a "problem" with an upgrade that applies a new rule, some Bitcoin mining pools (namely, those that don't usually wait to ...
Implementation of BIP66 DER Signature Affects Bitcoin NetworknewsBTC
Bitcoin Block Chain ForkingCryptoCoinsNews

all 3 news articles »

Posted on 4 July 2015 | 7:43 pm

Yacko, LLC launches CoinRebates, Allows Online Shoppers Earn Cash Back in ... - Inside Bitcoins


Inside Bitcoins

Yacko, LLC launches CoinRebates, Allows Online Shoppers Earn Cash Back in ...
Inside Bitcoins
Yacko, LLC that brought BitcoinGet where users could earn Bitcoins for completing tasks, watching videos, and more, has again brought in attractive service in the form of CoinRebates. The company says that the new service allows online shopper to earn ...

and more »

Posted on 4 July 2015 | 5:12 pm

Forget Gold, Bitcoin is Backed by Time - CoinDesk


CoinDesk

Forget Gold, Bitcoin is Backed by Time
CoinDesk
One of the most common criticisms of bitcoin is it is not backed by anything, nor is it intrinsically valuable. However, pundits have long been arguing that the US dollar has no intrinsic value and neither does gold. The utter misconception of this ...

Posted on 4 July 2015 | 6:22 am

Bitcoin Price Looking To Greece This Weekend - CryptoCoinsNews


CryptoCoinsNews

Bitcoin Price Looking To Greece This Weekend
CryptoCoinsNews
The current Bitcoin price correction, since the 30 June high around $265 and 1665 CNY, has been tracing a path similar to the previous 17-25 June correction. Should the market take this pattern to its logical conclusion, we can expect another advancing ...

Posted on 4 July 2015 | 4:24 am

Plex Hacker Demands Bitcoin Or Server Data Will Be Released: You Should ... - Tech Times


Tech Times

Plex Hacker Demands Bitcoin Or Server Data Will Be Released: You Should ...
Tech Times
Video streaming service Plex has decided to reset the passwords of its users after its systems were infiltrated by a hacker that is now threatening to release stolen information unless a ransom is paid in bitcoins. Plex discovered that the server that ...
Plex hacker demands Bitcoin ransom for return of dataPCWorld
Bitcoin Ransom Worth $2400 Demanded From PlexnewsBTC
Plex: Forums Server Hacked, Data Held For Bitcoin RamsomTech Fragments
The Register
all 66 news articles »

Posted on 3 July 2015 | 8:56 pm

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

BNP Paribas: Blockchains Will Destroy or Rebuild Securities Services

Blockchain technology will bring either doom or opportunity to securities services firms, according to European banking giant BNP Paribas.

Posted on 3 July 2015 | 9:00 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

The MoneyShow San Francisco – Where Informed Investors Discover Tomorrow’s Unique Growth & Income Investments Today!

Featuring 75+ top experts’ specific strategies and recommendations as well as in-depth classes on current hot sectors such as on REITs and cannabis investing SARASOTA, FL, June 25, 2015 – MoneyShow, the world’s leading producer of investment tradeshows and cruises, will host The MoneyShow San Francisco, July 16-18, 2015, at the Marriott Marquis San Francisco. http://yBitcoin.SanfranciscoMoneyShow.com   Admission is free and thousands of investors from more than ten countries are expected to attend, joining over 75 globally-renowned money managers, economists, financial newsletter editors, tech and biotech company CEOs, media personalities who will be speaking in person at the Show. Kicking off this event at our opening ceremonies will be author, economist, and technologist George Gilder, creator of ‘Telecosm’, who will […]

The post The MoneyShow San Francisco – Where Informed Investors Discover Tomorrow’s Unique Growth & Income Investments Today! appeared first on Bitcoin Magazine.

Posted on 2 July 2015 | 1:58 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

Venture capitalist Reid Hoffman talks unicorns, valuations, and bitcoin - Fortune


Fortune

Venture capitalist Reid Hoffman talks unicorns, valuations, and bitcoin
Fortune
A: Xapo [Xapo is a Greylock-backed company that has created a digital wallet for bitcoin]. My theory of why bitcoin is interesting is that there will almost certainly be in 10 years there will be one or more global crypto currencies that will either be ...

and more »

Posted on 2 July 2015 | 11:37 am

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

Silk Road: Undercover agent admits stealing Bitcoin - BBC News


BBC News

Silk Road: Undercover agent admits stealing Bitcoin
BBC News
He stole more than $700,000 (£448,000) in the digital currency Bitcoin. Force also secretly solicited payment from the marketplace's operator for information about the US investigation. During the course of the investigation, the former US Drug ...
Silk Road: undercover DEA agent turned bitcoin thief pleads guiltyThe Guardian
Former Silk Road DEA Agent Pleads Guilty to Bitcoin TheftCoinDesk
DEA Agent Who Stole Bitcoin During Silk Road Investigation Pleads GuiltyGizmodo
Engadget -VentureBeat
all 175 news articles »

Posted on 2 July 2015 | 6:08 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

Singapore Central Bank Funds Blockchain Recordkeeping Project

The Monetary Authority of Singapore has funded a blockchain-based recordkeeping system as part of a five-year $225m investment plan.

Posted on 1 July 2015 | 3:00 pm

Citi Is Working on ‘Citicoin’ for Cross-border Payments

International Business Times revealed that the global bank Citi is developing blockchains within the bank and test-coins to run across them. Ken Moore, head of Citi Innovation Labs, confirmed that the bank has been looking at distributed ledger technology for the last few years and has amassed a skilled team. They have built three blockchains and a test currency to run across them. Headquartered in Manhattan, Citi is an American multinational banking and financial services corporation. As of January 2015, it is the third-largest bank holding company in the United States by assets and has one of the world’s largest financial services networks. “We have up and running three separate systems within Citi now that actually deploy blockchain distributed ledger […]

The post Citi Is Working on ‘Citicoin’ for Cross-border Payments appeared first on Bitcoin Magazine.

Posted on 1 July 2015 | 11:18 am

Bank Lines in Athens Trigger a Rush to Gold and Bitcoin

The crisis in Greece is unfolding so fast that new breaking updates are being published every hour. Yesterday, Greece became the first developed nation ever to default on the International Monetary Fund (IMF). Hours after Greece missed the deadline for its repayment to the IMF, European ministers will meet to discuss the Greek request for a new bailout, BBC News reports. The Financial Times reports that Greek PM Alexis Tsipras seems ready to concede on most outstanding differences between his government and its international bailout creditors. According to a leaked letter sent late Tuesday night to the heads of the country’s trio of bailout monitors, Tsipras is prepared to accept most of the economic reform proposals issued by the European […]

The post Bank Lines in Athens Trigger a Rush to Gold and Bitcoin appeared first on Bitcoin Magazine.

Posted on 1 July 2015 | 11:11 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

MIT's Bitcoin-Inspired 'Enigma' Lets Computers Mine Encrypted Data - Wired


Wired

MIT's Bitcoin-Inspired 'Enigma' Lets Computers Mine Encrypted Data
Wired
The cryptography behind bitcoin solved a paradoxical problem: a currency with no regulator, that nonetheless can't be counterfeited. Now a similar mix of math and code promises to pull off another seemingly magical feat by allowing anyone to share ...

and more »

Posted on 30 June 2015 | 9:47 pm

With Greek Uncertainty, Investors Seek Safety in Gold and Bitcoin - Wall Street Journal


Wall Street Journal

With Greek Uncertainty, Investors Seek Safety in Gold and Bitcoin
Wall Street Journal
European demand for the age-old safe haven of gold coins has risen in recent weeks, as has the relatively new concept of investments in digital bitcoins, market participants say. As the situation in Europe grows more precarious, the price of both have ...
Online payments halted in Greece, citizens eye Bitcoin to protect savingsDigital Trends
Investors turn to bitcoin as haven from Greek woesFinancial Times
Should Greece and euro zone bet on bitcoin?CNBC
Newsweek -Fortune -Fast Company
all 116 news articles »

Posted on 30 June 2015 | 5:05 pm

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Payments Firm Backs 'Crazy' Offline Bitcoin Transactions Experiment

Romanian mobile payments provider Netopia mobilPay is now backing a proposal to leverage microSD cards to conduct offline bitcoin transactions.

Posted on 30 June 2015 | 1:01 pm

Tibdit Raises £122,000 for Bitcoin Tipping Platform

Bitcoin micropayments startup Tibdit has raised £122,080 seed capital through a crowdfunding campaign.

Posted on 30 June 2015 | 9:35 am

The Fear of Capital Controls May be Spreading from Greece to Italy

Yesterday, Bitcoin Magazine reported that Greece had closed its banks and imposed capital controls to prevent financial chaos after the breakdown of bailout talks with its international creditors. The decision came at the end of a weekend that brought Greece closer to “Grexit” – the potential exit from the Eurozone and perhaps the European Union (EU) itself – and confronted Europe with a serious crisis. Today, Jose Pagliery, the author of “Bitcoin – And the Future of Money,” reports on CNN Money that Greeks are rushing to bitcoin. The article includes testimonials from top bitcoin exchanges such as bitcoin.de, Bitcurex, and China-based LakeBTC, stating that they are seeing a surge of business and inquiries from Greece. This is, according to […]

The post The Fear of Capital Controls May be Spreading from Greece to Italy appeared first on Bitcoin Magazine.

Posted on 30 June 2015 | 8:24 am

BitGo Launches New Financial Transparency Service

BitGo has announced the release of Verified by BitGo, a tool aimed at allowing customers to provide greater financial transparency.

Posted on 30 June 2015 | 7:01 am

Westpac-Backed VC Firm Among Coinbase's Series C Investors

Reinventure Group, a venture capital firm backed by Westpac, Australia's second-largest bank, has been revealed as one of Coinbase's Series C backers.

Posted on 30 June 2015 | 1:19 am

Mining Malware Developer Settles with Federal Trade Commission

A cryptocurrency mining malware developer has settled with the US Federal Trade Commission (FTC) and the New Jersey Attorney General's Office.

Posted on 29 June 2015 | 1:03 pm

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

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-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 4, 2015 -
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