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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

The Confusion in Competition

Sports, in many senses, polarize a playing field. They foster an ‘us versus them’ mentality that when taken to an extreme, can hurt others or create an environment where anyone playing the game is at risk for the sake of competition.   I’ve seen this same spirit among those who support altcoins and have explicitly said their altcoin’s goal is to supplant Bitcoin’s current #1 spot.   Is that really a worthy goal? Is there something better all cryptocurrencies can strive towards?   Polarizing cryptocurrencies into rankings or villainizing other altcoins totally obfuscates the true purpose we share: to rise above the lie that we only have the freedom to use currencies issued by sovereign nations. Anyone who claims another […]

The post The Confusion in Competition appeared first on Bitcoin Magazine.

Posted on 1 October 2014 | 6:21 am

Bitcoin Embassy Concept Is Taking The World By Storm - CryptoCoinsNews


CryptoCoinsNews

Bitcoin Embassy Concept Is Taking The World By Storm
CryptoCoinsNews
Canada is represented by the 14,000 sq ft Bitcoin Embassy, in the heart of Montreal, which is comprised of three floors. The ground floor is used for basic interaction & education of new Bitcoin consumers, and for Bitcoin merchandising. Level 2 is a ...

Posted on 1 October 2014 | 1:37 am

'The Rise and Rise of Bitcoin' - Movie Review - Huffington Post


Pop City

'The Rise and Rise of Bitcoin' - Movie Review
Huffington Post
Along with balancing work, his marriage, and raising his three boys, Daniel spends much of his time actively involved in all things Bitcoin. After discovering Bitcoin in 2011, his love and obsession for the crypto-currency was born, revealing an ...
Bit by Bit: Daniel Mross and The Rise and Rise of BitcoinCleveland Scene Weekly
The Rise and Rise of Bitcoin Is a Circle-Jerk for Bitcoin ZealotsVillage Voice
Pop Filter Hot Pick: A Q&A with the Pittsburgh filmmakers behind "The Rise and ...Pop City

all 7 news articles »

Posted on 30 September 2014 | 5:56 pm

Top Bitcoin VCs Back Coinapult’s $775k Funding Round

Coinapult has announced $775k in venture funding from FirstMark Capital, Roger Ver and more.

Posted on 30 September 2014 | 5:32 pm

Reddit Raises $50 Million, Plans New Cryptocurrency to Reward Users

Reddit has announced it may develop and distribute its own cryptocurrency to reward users for loyalty.

Posted on 30 September 2014 | 4:20 pm

Europol Report Connects Anonymous Digital Currencies to Dark Net Crime

A new report by Europol examines the role of bitcoin in money laundering schemes and dark net organised crime.

Posted on 30 September 2014 | 3:05 pm

Why I almost bit on bitcoin and nearly bought into the Butterfly Labs scam - ZDNet


CryptoCoinsNews

Why I almost bit on bitcoin and nearly bought into the Butterfly Labs scam
ZDNet
I almost got hooked on the bitcoin gold rush, but my Spidey-sense eventually told me to walk away. Other than a few lost hours exploring the idea, and a few lost hours talking things over with my wife, I didn't lose a penny. Others were apparently not ...
FTC Reports Butterfly Labs Mined on Customers' Bitcoin MinersCryptoCoinsNews
Talks underway in federal dispute with bitcoin company Butterfly LabsKansas City Star
FTC: Butterfly Labs Mined Bitcoin Using Customer-Ordered MinersnewsBTC
Fort Wayne Journal Gazette -Ars Technica -Linex Legal (press release) (registration)
all 15 news articles »

Posted on 30 September 2014 | 1:39 pm

Robocoin Launches Custom Bitcoin Wallet Targeting Underbanked

Robocoin has introduced a digital wallet for users of its bitcoin ATMs, as development of its platform continues.

Posted on 30 September 2014 | 1:00 pm

Bitcoin: Magic, Fraud, or Sufficiently Advanced Technology? Part II: Technical Structure

Part I introduced some of the challenges in the way of the public understanding of how Bitcoin works, and summarized the strategic roles of the open source software model, peer-to-peer networking, and digital signatures. Part II concludes by discussing hashing and the essential roles it plays in the technical structure of Bitcoin, as well how the system has been designed to be self-financing right from the beginning into the indefinite future. Making a hash of it Hashing plays a role quite different from digital signatures. It proves that a message has not been altered. Running a hash of the same message always produces the same result. If a hash does not match a previous one, it is a warning that […]

The post Bitcoin: Magic, Fraud, or Sufficiently Advanced Technology? Part II: Technical Structure appeared first on Bitcoin Magazine.

Posted on 30 September 2014 | 12:30 pm

FinCEN Director: We’re Not Out to Villainize Bitcoin

CoinDesk speaks to FinCEN Director Jennifer Shasky Calvery to learn more about her agency's view on bitcoin and financial crime.

Posted on 30 September 2014 | 12:01 pm

Time For Islamic Law to Face The Bitcoin Question

Islamic finance is well-known as a world full of rules and prohibitions that seem strange and foreign to western scholars. Interest rates, excessive risk-taking, and investments in products deemed unethical such as wine, weapons, and pornography are strictly prohibited. In fact, every potential product to be invested in has to be approved by religious board members of Islamic banks. Bitcoin is no exception. Indeed, the financial climate around investing in Bitcoin is full of shadows in the Islamic world. No fatwa has been issued against the cryptocurrency, yet the final verdict on whether Muslims can invest in the cryptocurrency is still out. The bewildering array of legal systems scattered throughout the Muslim world doesn’t help, either. There are four fundamental legal […]

The post Time For Islamic Law to Face The Bitcoin Question appeared first on Bitcoin Magazine.

Posted on 30 September 2014 | 11:43 am

Why Republicans Should Love Bitcoin

The Republican reaction to bitcoin has been mixed. Some lawmakers have enthusiastically supported it, while others have unequivocally opposed it. Interestingly, many mainstream Republican positions make amiable bedfellows with bitcoin. In this article, each section begins with a quote taken directly from the 2012 Republican Party Platform, followed by a discussion of how bitcoin can address the issue in question. Small Business and Entrepreneurship America’s small businesses are the backbone of the U.S. economy, employing tens of millions of workers. Small businesses create the vast majority of jobs [and] are the leaders in the world’s advances in technology and innovation, and we pledge to strengthen that role and foster small business entrepreneurship. In a world where resources are preposterously precious and margins […]

The post Why Republicans Should Love Bitcoin appeared first on Bitcoin Magazine.

Posted on 30 September 2014 | 11:27 am

Ex-Goldman Trader Aims to Bring Bitcoin to the Masses - Businessweek


Businessweek

Ex-Goldman Trader Aims to Bring Bitcoin to the Masses
Businessweek
Before and since, there have been numerous bitcoin heists, blamed on hackers, and more than a few bitcoin losses -- people literally lose their bitcoins by misplacing the code that proves ownership. If you do that, there's no reset, no more than if you ...
Careful Grooming = Respectability For BitcoinDealBreaker

all 4 news articles »

Posted on 30 September 2014 | 10:29 am

CoinCorner Launches Mobile Wallet, POS Solution and Payment Gateway

CoinCorner, the first cryptocurrency exchange on the Isle of Man, has announced new services, including a multi-cryptocurrency wallet.

Posted on 30 September 2014 | 9:42 am

Bit by bit, bitcoin is gaining currency - Sydney Morning Herald


Sydney Morning Herald

Bit by bit, bitcoin is gaining currency
Sydney Morning Herald
When you can buy a round of drinks at the local with something that can't be seen let alone held, you know bitcoin has made it. That, or it's the world's most elaborate pyramid scheme. The Old Fitzroy pub in Woolloomooloo, Sydney and the Grumpy's Green ...
Top 10 Things Bitcoin Can Offer the WorldCryptoCoinsNews
Investing in Bitcoin: Gauging the Fair Value and Future Price of BitcoinInside Bitcoins
Bitcoin Shop Enters Digital Currency Mining Through Partnership With HashmasterCNNMoney
CoinTelegraph
all 11 news articles »

Posted on 30 September 2014 | 8:16 am

Fashion Retailer Becomes Europe’s Largest Bitcoin Merchant

Online fashion and homeware retailer Showroomprive.com is now accepting payment in bitcoin.

Posted on 30 September 2014 | 8:10 am

Bitcoin Looks More Like A "Real" Currency Every Day - NASDAQ


QFINANCE.com (blog)

Bitcoin Looks More Like A "Real" Currency Every Day
NASDAQ
Opponents of Bitcoin, including governments, both Federal and State here in the U.S., and national governments elsewhere, face a dilemma. They disparage the crypto-currency by claiming that it is not a currency at all, just some artificial creation ...
Compliance for Bitcoin, virtual currencies and storage and backupComputerWeekly.com
Is the Bank of England right about the dangers of Bitcoin and digital currencies?QFINANCE.com (blog)

all 9 news articles »

Posted on 30 September 2014 | 7:05 am

CoinSpark’s Bitcoin 2.0 Platform Aims to Simplify Asset Transfers

CoinSpark has launched a bitcoin 2.0 platform it hopes could one day help move digital fiat dollars.

Posted on 30 September 2014 | 7:01 am

Aegis Wallet Brings Bitcoin to Android Smartwatches

A new version of the Aegis Wallet features support for Android Wear, Google’s new operating system for wearables.

Posted on 30 September 2014 | 6:18 am

Bitcoin Crowdfunding Platform Swarm Announces First Decentralized Demo Day

Applications have officially opened for Swarm’s first class with projects to be launched on the 5th of November Sept 30, 2014 — The Bitcoin­powered crowdfunding platform Swarm (http://www.swarm.co) has announced that its first class of five projects will launch on the 5th of November in the world’s first decentralized demo day. Applications are open until the deadline of October 5th. Swarm, the “Bitcoin 2.0” platform which in July successfully raised in $1mm in an exchange of Bitcoin for its own in­network currency, is now helping other innovative projects to use its newly released platform to raise money in the same way. This involves the exchange of Bitcoins or regular US dollars for a cryptocurrency that can later be redeemed in […]

The post Bitcoin Crowdfunding Platform Swarm Announces First Decentralized Demo Day appeared first on Bitcoin Magazine.

Posted on 30 September 2014 | 6:00 am

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What's a Bitcoin Look Like? The Story Behind This Popular Photograph - Businessweek


Businessweek

What's a Bitcoin Look Like? The Story Behind This Popular Photograph
Businessweek
Indeed, dozens of media outlets, including Bloomberg News, have published Frey's pictures. The image used here -- dated April 26, 2013 -- happens to rank as the most popular bitcoin photograph on Gettyimages.com. But if a bitcoin isn't a physical ...

and more »

Posted on 30 September 2014 | 5:50 am

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United Way Reveals Why It Became Bitcoin’s Biggest Charity

CoinDesk talks to United Way Worldwide's Evan Hochberg about the organisation's recent integration of bitcoin donations.

Posted on 30 September 2014 | 3:27 am

Bankers Debate Bitcoin at Sibos 2014

Sibos 2014 included a day of seminars on bitcoin and the future of block chain applications.

Posted on 29 September 2014 | 5:55 pm

Predicting Bitcoin's Next Price Rise - CoinDesk


CryptoCoinsNews

Predicting Bitcoin's Next Price Rise
CoinDesk
Since discovering bitcoin in early 2013, he has had a fascination for the digital currency. In this article, Harrison examines the many reason touted for the decline in the bitcoin price, debunking a few myths along the way, and takes a look at where ...
Bitcoin prices consolidate below the $400-levelInvesting.com
Why Bitcoin Value vs. The Dollar Doesn't Matter (and Never Will)CryptoCoinsNews
Bitcoin Rallies as Circle Opens DoorsForex Market (blog)
Tech News -DailyForex.com
all 13 news articles »

Posted on 29 September 2014 | 3:19 pm

Predicting Bitcoin’s Next Price Rise

Most explanations of the falling price of bitcoin fail to stand up to scrutiny, so what's really going on?

Posted on 29 September 2014 | 3:10 pm

The Liberty Beat Partners with Genesis Communications Network

The Liberty Beat Partners with Genesis Communications Network FOR IMMEDIATE RELEASE Contact: John Bush, Owner and Editor in Chief of The Liberty Beat Phone: 512-773-6102 Email: JohnBush512@gmail.com San Marcos, TX – The Liberty Beat, your daily source for liberty news and activist updates, is announcing a new partnership with the Genesis Communications Network that will greatly expand the reach of the program. The daily news service will also soon be producing three updated editions a day. Since January of 2013, The Liberty Beat has provided daily top-of-the-hour news that could be heard on LRN.FM and up to 14 times per day on 90.1 FM in Austin, TX. Now, you can hear the daily news service on the Genesis Communications Network […]

The post The Liberty Beat Partners with Genesis Communications Network appeared first on Bitcoin Magazine.

Posted on 29 September 2014 | 3:10 pm

Crypto-Anarchists and Cryptoanarchists

The word “crypto” is Greek in origin (from kryptós) and means “hidden” or “secret.” Cryptozoology is the study of hidden and rare animals, cryptography is the study of hidden or secret writings, etc. In contemporary times, the use of crypto as a prefix usually designates a secret identification. While few today would declare their allegiance to the ideals of fascism, it is not uncommon to hear people referred to as “crypto-”fascists. The addition of crypto as a prefix in this case indicates a belief that someone is 1) secretly a fascist or 2) they act in ways to surreptitiously bring about fascism. The double entrendre of “crypto as a prefix” can help us understand the role of crypto in the […]

The post Crypto-Anarchists and Cryptoanarchists appeared first on Bitcoin Magazine.

Posted on 29 September 2014 | 12:36 pm

FTC: Butterfly Labs Held Back Shipments for Illicit Mining

The FTC has filed new documents in its case against Butterfly Labs, accusing it of mining using customer-purchased rigs.

Posted on 29 September 2014 | 11:03 am

Bitcoin: Magic, Fraud, or Sufficiently Advanced Technology?: Part I

Arthur C. Clarke’s third law famously states: “Any sufficiently advanced technology is indistinguishable from magic.” What Bitcoin makes possible can at first seem almost magical, or just impossible (and therefore most likely fraudulent or otherwise doomed). The following describes the basic technical elements behind Bitcoin and how it brings them together in new ways to make seeming magic possible in the real world. Clarke’s second law states: “The only way of discovering the limits of the possible is to venture a little way past them into the impossible.” And this, we can see in retrospect, is basically what Bitcoin creator Satoshi Nakamoto did. Few at the time, even among top experts in relevant fields, thought it could really ever work. […]

The post Bitcoin: Magic, Fraud, or Sufficiently Advanced Technology?: Part I appeared first on Bitcoin Magazine.

Posted on 29 September 2014 | 10:30 am

Alpha Technology Viper Scrypt Miner Shipments Slip to October

Alpha Technology has confirmed that shipments of its Viper scrypt miner will not ship in September as planned.

Posted on 29 September 2014 | 8:09 am

Circle Announces Global Launch of Bitcoin Banking Platform

Circle's digital money platform is now publicly available across the world with support for seven languages.

Posted on 29 September 2014 | 6:01 am

FinCEN Director Jennifer Shasky Calvery: Full CoinDesk Interview

CoinDesk's full interview with FinCEN Director Jennifer Shasky Calvery on bitcoin, dark markets and more.

Posted on 28 September 2014 | 11:56 am

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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

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

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

Mt.Gox Bankcrupty Protection

Posted on 28 February 2014 | 8:39 am

Added Bitcoin Central to bitcoincharts.com

Posted on 26 February 2014 | 3:21 pm

October 1, 2014 -
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