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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

Japanese banker seeks to rebuild trust in Bitcoin - CoinTelegraph


CoinTelegraph

Japanese banker seeks to rebuild trust in Bitcoin
CoinTelegraph
The losses also gave Bitcoin a very bad name among the general public and government warnings of dangers aggravate the problem. Ex Goldman Sachs executive Yuzo Kano thinks that there is a great deal that can done to rebuild Bitcoin's reputation while ...

Posted on 27 July 2014 | 4:34 pm

CoinDesk Mining Roundup: Miner Meetups and Pool Pressures

In this week's mining roundup, a Las Vegas mining convention is set for October and reports say BTC Guild is considering closure.

Posted on 27 July 2014 | 2:45 pm

Bitcoin News in Review: $150 Bitcoin ATM, Most Expensive Bitcoin Painting ... - CryptoCoinsNews


CryptoCoinsNews

Bitcoin News in Review: $150 Bitcoin ATM, Most Expensive Bitcoin Painting ...
CryptoCoinsNews
Bitcoin News in Review: $150 Bitcoin ATM, Most Expensive Bitcoin Painting, Ether, Welcome back to another Bitcoin News in Review, where we feature some of the biggest stories of the week here on CryptoCoins News. This week, we looked at two high ...
Russia Hosts First International and All Russian Bitcoin Conference in St ...CoinTelegraph

all 4 news articles »

Posted on 27 July 2014 | 1:01 pm

$46k Spent on Bitcoin Mining Hardware: The Final Reckoning

Dario Di Pardo spent $46k on bitcoin mining hardware. Which companies came good on their promises?

Posted on 27 July 2014 | 9:55 am

Why Timothy Coles is Selling His $2 Million Gold Mine for Bitcoin - CoinDesk


Why Timothy Coles is Selling His $2 Million Gold Mine for Bitcoin
CoinDesk
He added that although he currently owns no bitcoin, he sees a future in it should the BitPremier sale succeed. While he has no active plans to invest were he to enter the market, Coles expressed an openness to invest in the broader bitcoin industry ...

Posted on 27 July 2014 | 5:49 am

Why Timothy Coles is Selling His $2 Million Gold Mine for Bitcoin

Timothy Coles, a 35-year gold mining veteran, tells CoinDesk why he is selling his Yukon interests for 3,200 BTC.

Posted on 27 July 2014 | 5:30 am

Trojan virus secretly uses Tor network to hide bitcoin extortionist - RT (blog)


RT (blog)

Trojan virus secretly uses Tor network to hide bitcoin extortionist
RT (blog)
Last year CryptoLocker ransomware trojan made waves across the world, netting its criminal operators millions of dollars in bitcoin ransoms before its command-and-control servers were busted in May 2014 by the FBI. In June, a new sample of such ...
Andromeda bot spreads Tor-using CTB-Locker ransomwareSC Magazine
Onion crypto-ransomware now using Tor networkDaniWeb (blog)

all 11 news articles »

Posted on 27 July 2014 | 4:46 am

Meet the Bitcoin Fans Behind Offline Messenger goTenna - CoinDesk


Meet the Bitcoin Fans Behind Offline Messenger goTenna
CoinDesk
“The tech-savvy bitcoin demographic is a perfect target consumer for goTenna because bitcoiners quickly understand goTenna's technology and appreciate our commitment to privacy and decentralisation,” explained Daniela Perdomo via email. Not that the ...

Posted on 27 July 2014 | 3:45 am

Meet the Bitcoin Fans Behind Offline Messenger goTenna

The brains behind goTenna, a solution to situations where you don’t have phone signal, discuss their relationship with bitcoin.

Posted on 27 July 2014 | 3:40 am

Gold for bitcoin new fad as e-currency count nears 500-mark - Economic Times


Economic Times

Gold for bitcoin new fad as e-currency count nears 500-mark
Economic Times
This comes at a time when the count of virtual currencies available in the market is fast moving closer to the 500-mark, although the price of top-ranked bitcoin has begun showing signs of stability at around USD 500-600 level after remaining highly ...
Gold Bugs Meet Bitcoin Believers to Supplant the DollarBloomberg
How Bitcoin Compares to Other Crypto-Currencies (Infographics)The Epoch Times

all 11 news articles »

Posted on 27 July 2014 | 2:01 am

Dear John: Once again — Bitcoin is a joke - New York Post


Dear John: Once again — Bitcoin is a joke
New York Post
I recently read the Dear John column about bitcoin and I have to say that you are someone who I think — if you spent some time understanding it — would see the value. Forget bitcoin as a currency for a second — wipe that idea out of your brain. The ...

Posted on 26 July 2014 | 5:11 pm

The Case for Merging Mexico’s Peso With Block Chain Technology

In Mexico, a team of bitcoin enthusiasts are developing plans for a digital peso.

Posted on 26 July 2014 | 12:00 pm

Bitcoin Shop CEO: We Plan to Be a Universal Bitcoin Solution

CoinDesk speaks to CEO Charles Allen to debunk misconceptions about the company and its goals in the bitcoin space.

Posted on 26 July 2014 | 7:20 am

7 Dumb (and Visionary) Things People Said About the Internet

CoinDesk looks back at the most notable utterances about the Internet that could have relevance for bitcoin today.

Posted on 26 July 2014 | 4:25 am

Huobi: Regulated US Bitcoin Market Key to Our Expansion

CoinDesk sits down with Huobi's Wendy Wang to talk about the exchange's international ambitions.

Posted on 25 July 2014 | 3:36 pm

Celery Launches Consumer-Friendly Bitcoin and Dogecoin Buying Service

Trading platform provider BTX Trader has officially launched its bitcoin and dogecoin buying product, Celery.

Posted on 25 July 2014 | 11:10 am

Ripple Labs CTO Designs Smart Contracts

Stefan Thomas is one of the more talented and respected developers in the space. An old hat at this young technology, he has been making waves as the CTO of Ripple labs. In a recent effort he has set his sights on smart contracts technology. The designs and implementation he and his team have come up with are interesting, to say the least. In a white paper entitled Smart Oracles, we see described a novel, simple, and flexible approach to smart contracts. In such a system, rules can be written in any programming language, and contracts can interact with any service that accepts cryptographically signed commands. The paper also includes an implementation of smart oracles, called Codius (based on the […]

The post Ripple Labs CTO Designs Smart Contracts appeared first on Bitcoin Magazine.

Posted on 25 July 2014 | 10:02 am

The BlueCoin Phenomenon

BlueCoin is very serious about their chosen theme. Taking cue from the cultural antics of the Dogecoin community, the founders of BlueCoin have been trying to give it something of a personality. They announced an official BlueCoin afterparty to the North American Bitcoin Conference on BitcoinTalk with a blue-tinted model, and others dressed in BlueCoin superhero-esque outfits were there to amuse guests. So what’s it all about? BlueCoin has nothing to do with colored coins, the Bitcoin 2.0 application. Like RedCoin, BlackCoin, WhiteCoin, YellowCoin and others, BlueCoin is another alternative cryptocurrency that backers claim is superior to Bitcoin, and hope will come to supplant it. A new block is generated every minute, yielding faster transaction confirmations, and the mining difficulty adjusts each […]

The post The BlueCoin Phenomenon appeared first on Bitcoin Magazine.

Posted on 25 July 2014 | 10:00 am

#OffTheCouch: Award-winning Film Could Bring Bitcoin to 1,000 High Schools

The Corporation Film’s Crypto Challenge from Hello Cool World on Vimeo. For its 10th year anniversary, “The Corporation” is raising money for a re-release shown to 1,000 schools across North America. Their original fiat campaign closed at $30,000, and they’re hoping for a match from the cryptocurrency community. Campaign creator Kat Dodds is making this a race to the top for a special thanks section of the film that will feature the logos of the contributing cryptocurrencies. Students across 1,000 schools will receive a free lesson in corporate literacy and be exposed to Bitcoin for the first time. The updated version of the film will feature Bitcoin’s logo and explain to the audience how the film was able to get […]

The post #OffTheCouch: Award-winning Film Could Bring Bitcoin to 1,000 High Schools appeared first on Bitcoin Magazine.

Posted on 25 July 2014 | 9:34 am

Building a Bitcoin Economy: How to Close the Loop

This guide is a continuation of a previous article at http://bitcoinmagazine.com/13104/building-bitcoin-economy-stimulate-adoption/ If you or someone in the area has been preaching crypto for a while, you probably have a few nearby businesses accepting Bitcoin by now. This is an important first step, and worthy of celebration over a few Bitcoin beers. Bitcoin evangelism never sleeps, however, so it’s time to grow the seeds you’ve sown into a sustainable Bitcoin economy. But before you get started, heed what I’ve learned from my latest efforts. When you first bring cryptocurrency adoption to a community, it’s necessary to rely on promises of publicity, delivered in the form of organized events and media attention. The novelty will soon wear off, however, and you can’t volunteer […]

The post Building a Bitcoin Economy: How to Close the Loop appeared first on Bitcoin Magazine.

Posted on 25 July 2014 | 9:29 am

Ecuador Bans Bitcoin, Plans Own Digital Money - CoinDesk


International Business Times UK

Ecuador Bans Bitcoin, Plans Own Digital Money
CoinDesk
The National Assembly of Ecuador has effectively banned bitcoin and decentralized digital currencies while establishing guidelines for the creation of a new, state-run currency. With 91 votes in favor of the amendments to the country's existing ...
Building a Bitcoin Economy: How to Close the LoopBitcoin Magazine
Cryptocurrency Round-Up: Bitcoin vs Dogecoin in Nascar and Ecuador Paves ...International Business Times UK
Ecuador Reportedly Bans Bitcoin and Digital Currency UsagenewsBTC
CoinReport
all 10 news articles »

Posted on 25 July 2014 | 8:08 am

AirBaltic Waives Controversial Bitcoin Transaction Fee

Following criticism, Latvian airline AirBaltic has done away with its €5.99 charge for flights purchased with bitcoin.

Posted on 25 July 2014 | 7:48 am

OKCoin Denies Manipulating Bitcoin Trading Volumes

The exchange says strange movements in volume statistics stem from price stagnation and its switch to a new domain.

Posted on 25 July 2014 | 6:09 am

Austria Offers ‘Contradictory’ Guidance on Bitcoin’s Financial Status

Two ministers have given new guidance on tax and accounting rules for bitcoin, but some advice varies, say commentators.

Posted on 25 July 2014 | 4:11 am

Ecuador Bans Bitcoin, Plans Own Digital Money

The National Assembly of Ecuador has created a new electronic currency, while banning bitcoin and other decentralized alternatives.

Posted on 24 July 2014 | 9:52 pm

Barry Silbert Resigns SecondMarket CEO Position

Bitcoin entrepreneur Barry Silbert is stepping down as CEO of SecondMarket to focus solely on bitcoin ventures.

Posted on 24 July 2014 | 4:02 pm

High-Performance PC Maker Alienware Adds Bitcoin Payments

Gaming PC specialist Alienware, an independent company owned by Dell, is now officially accepting bitcoin.

Posted on 24 July 2014 | 3:43 pm

Bitcoin Price Drops Below $600 After Relative Stability

Big news should cause big price moves, right? Apparently not, as long stable BTC prices declined below $600 today.

Posted on 24 July 2014 | 2:02 pm

Can Bitcoin Be Stable Long Term? - Bloomberg


Can Bitcoin Be Stable Long Term?
Bloomberg
July 24 (Bloomberg) -- BitPay Co-Founder and Executive Chairman Tony Gallippi Bloomberg Businessweek's Brendan Greeley discuss how Bitcoin is being used. They speak on “Bloomberg West.” (Source: Bloomberg). Please enable JavaScript to view the ...

and more »

Posted on 24 July 2014 | 12:11 pm

Coinsetter Exits Beta to Target Institutional Traders

New York-based bitcoin exchange Coinsetter has lowered fees to 0.10% following its official launch.

Posted on 24 July 2014 | 9:38 am

Bitcoin Crowdfunding Campaign Sets Goal of Bringing Bitcoin to NASCAR

It’s time for the Bitcoin community to sponsor a NASCAR Sprint Cup Driver. The bitcoin crowdfunding campaign called Bitcoin23 just launched this morning via popular funding platform Crowdtilt. The campaign will support rookie Sprint Cup driver Alex Bowman and his team, BK Racing, with the goal of fully wrapping the #23 car in a Bitcoin livery for the Labor Day weekend race at Atlanta Motor Speedway. The new campaign is focused on increasing awareness and driving the future growth of Bitcoin. The time is now for the Bitcoin community to get a chance to see a Bitcoin themed car zoom by at 200mph on one of racing’s largest stages. The driver will be Rookie of the Year contender Alex Bowman. […]

The post Bitcoin Crowdfunding Campaign Sets Goal of Bringing Bitcoin to NASCAR appeared first on Bitcoin Magazine.

Posted on 24 July 2014 | 8:00 am

NASCAR Sprint Cup Driver Alex Bowman Embraces Bitcoin and Announces Support for Bitcoin Crowdfunding Effort

Rookie driver, Alex Bowman, is embracing the use of Bitcoin in what is the first chance to bring Bitcoin to the NASCAR stage. A press release from the team was released this morning.   BITCOIN AND NASCAR COME TOGETHER IN THE FIRST CROWDFUNDING EFFORT FOR A SPRINT CUP DRIVER Alex Bowman, rookie driver for BK Racing, embraces the use of Bitcoin and emerging payment technologies. STATESVILLE, NC — JULY 24 — Today, NASCAR driver Alex Bowman and his team, BK Racing, announce their support of a Bitcoin crowdfunding effort, named Bitcoin23, to bring a Bitcoin themed car to the NASCAR Sprint Cup Series. The campaign starts today and runs until August 20, and will be instrumental in the continued growth […]

The post NASCAR Sprint Cup Driver Alex Bowman Embraces Bitcoin and Announces Support for Bitcoin Crowdfunding Effort appeared first on Bitcoin Magazine.

Posted on 24 July 2014 | 7:20 am

Why I

Some people ask me why I love Bitcoin so much, given that I (at the time of this writing) don’t have very much. I wear Bitcoin shirts, talk about it way too much, and have convinced dozens of businesses to adopt it–I even got a Bitcoin tattoo on my left shoulder, paid for in BTC. No wonder they ask. Usually, I just shrug it off (the question, not the tattoo), and say that I hate the government. That is fairly correct, but it’s not the real reason I’m so passionate about cryptocurrency. While Bitcoin certainly is able to fix some of our world’s biggest problems, and I’d like to think my motivations are as logical as that, the deeper reasons are more […]

The post Why I appeared first on Bitcoin Magazine.

Posted on 22 July 2014 | 4:59 pm

Sovereignty 2.0

We are living in a new world.  As Andreas Antonopoulos put so eloquently, “now that we have crypto-currencies, it’s not sovereignty that determines currency, it’s currency that creates sovereignty.” Bitcoin has helped declare independence for the Internet, and it appears it will continue to disrupt the status quo until that independence is recognized.  If we’ve learned anything from P2P technology, it’s that our rules bend around the tech, not the other way around. But if our rules bend around the tech, could we one day be living in a world where our borders do too? Take the concept of decentralized autonomous states, or society if you like. The idea is that a political faction could be distributed throughout a global […]

The post Sovereignty 2.0 appeared first on Bitcoin Magazine.

Posted on 22 July 2014 | 4:54 pm

airBaltic - World’s First Airline To Accept Bitcoin

Posted on 22 July 2014 | 11:03 am

Bitcoin to Earth: Don’t Look Now, but your Paradigm is Shifting

There is one thing stronger than all the armies in the world, and that is an idea whose time has come. - Victor Hugo.  French poet and writer. 1802 – 1885 Historians may look back on these current days with fascination.  We may be living through the beginning of one of the biggest paradigm shifts in modern human history. The way the world actually thinks about money and stored value might be changing in a tidal wave of recognition. This article will define what a paradigm is and what a paradigm shift looks like.  Perhaps we may understand how to prepare and perhaps benefit from the embryonic beginnings of what may one day be seen as a titanic shift. The […]

The post Bitcoin to Earth: Don’t Look Now, but your Paradigm is Shifting appeared first on Bitcoin Magazine.

Posted on 22 July 2014 | 9:52 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

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

Problem with transactions

Posted on 10 February 2014 | 6:07 am

Washington Dispensary Now Takes Bitcoin for Cannabis

Posted on 7 February 2014 | 5:39 am

C.A.T. Cryptsy Auto Trader Prints Money All Day Long!

If you’re like me, you know nothing about daytrading. While I was always interested in it, I lacked the time of day to learn about it, and didn’t have much

The post C.A.T. Cryptsy Auto Trader Prints Money All Day Long! appeared first on Bitcoin Blogger.

Posted on 14 January 2014 | 7:53 pm

‘Almost Human’, A Fox Network Show, Has Shown Bitcoin In The Future

Readers! I present to you two video clips from two separate episodes of ‘Almost Human’, Fox’s newest sci-fi show. To quote Jesús Cripto of CCN: Anyways, it’s likely you haven’t heard

The post ‘Almost Human’, A Fox Network Show, Has Shown Bitcoin In The Future appeared first on Bitcoin Blogger.

Posted on 7 January 2014 | 4:01 pm

Bitcoin is no Dinosaur, Doomed to be Extinct, it’s Something Else Entirely

In Stephen Mihm’s latest article in the Bloomberg Opinion section, he calls Bitcoin, in the title of the article no less, a “High-Tech Dinosaur Soon to Be Extinct”. Well, to

The post Bitcoin is no Dinosaur, Doomed to be Extinct, it’s Something Else Entirely appeared first on Bitcoin Blogger.

Posted on 2 January 2014 | 8:59 am

Someone Attempted to Trademark Bitcoin Again

Marvin Dennis of East London attempted to file a trademark claim over Bitcoin on Nov. 5th, full application seen here. This application is rather… odd though. The filing itself is,

The post Someone Attempted to Trademark Bitcoin Again appeared first on Bitcoin Blogger.

Posted on 23 December 2013 | 6:20 pm

Alleged Silk Road Administrators Arrested in Virigina, Australia, and Ireland

TechCrunch reported on rumors of arrests of some Silk Road administrators earlier this week, and those rumors have been confirmed. According to an official announcement  from the Southern District of

The post Alleged Silk Road Administrators Arrested in Virigina, Australia, and Ireland appeared first on Bitcoin Blogger.

Posted on 21 December 2013 | 10:34 pm

Bitcoin Billboards Appearing Around Los Angeles

This story first appeared in CCN. Los Angeles residents driving near the area of Robertson and Cadillac might notice a new unusual advert on the billboard at 2363 S Robertson

The post Bitcoin Billboards Appearing Around Los Angeles appeared first on Bitcoin Blogger.

Posted on 20 December 2013 | 11:45 am

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