Bitcoin Latest News
Bitcoin entrepreneur Charlie Shrem begins his stint in prison today, having been sentenced in December to two years behind bars.
Posted on 30 March 2015 | 6:57 am
Bitcoin Around the World: TurkeyInside Bitcoins
When one looks at a map of the world, it might seem a little odd that Europe and Asia are considered to be two separate continents. The distinction is arbitrary only in the sense that even the boundaries themselves have shifted from time to time ...
Posted on 30 March 2015 | 6:50 am
Barbados-based startup Bitt is launching a digital currency exchange today, having secured $1.5 million in seed funding from Avatar Capital
Posted on 30 March 2015 | 3:23 am
Posted on 29 March 2015 | 7:01 pm
In an interview with CoinDesk, developer Chris Ellis discusses the ProTip project and how it hopes to solve past micropayments challenges.
Posted on 29 March 2015 | 12:40 pm
Posted on 29 March 2015 | 8:05 am
Houston, we have a problem. We need more cutting edge tech entrepreneurs. Luckily there’s a new space in Houston, Texas, built just for that, provided by Cryptospaces, which is backed by bitcoin consulting company, FinalHash. Located at 6907 Almeda Rd., the Houston Bitcoin Embassy is an incubator/ coworking space dedicated to tech startups. There are also plans to install a bitcoin ATM in the facility by the end of April. The Embassy is home to the Texas Coinitiative, a non-profit organization that promotes the use of Bitcoin in Texas. The Coinitiative mission statement reads: “We believe that our growing community will help to shape progress in this field. Come network with traders, entrepreneurs and innovators working in one of the […]
The post Houston Bitcoin Embassy Opens appeared first on Bitcoin Magazine.
Posted on 28 March 2015 | 3:22 pm
The 30-day period for public comments on the latest draft of New York’s BitLicense proposal comes to a close today, March 27th. While the original comment period did result in tremendous developments to the proposal, many in the bitcoin intustry felt that there were still many onerous components that inhibit the development of new companies. Fred Wilson, founding partner at Union Square Ventures, said on his blog that startups should have to follow all the rules and laws of the land. “However, the arrival of new technologies should always be seen as an opportunity to review and update our laws and regulations in accordance with the benefits and challenges brought by these new technologies.” http://avc.com/2015/03/comments-on-the-proposed-bitlicense-regulations/ But Wilson argued that the revision […]
The post BitLicense Comment Period Closes; Fred Wilson, Coinbase, Coin Center Weigh In appeared first on Bitcoin Magazine.
Posted on 27 March 2015 | 3:23 pm
Bitcoin airtime merchant, Bitrefill, has partnered with New York-based Bitcoin exchange Celery to enable bitcoin remittances of phone minutes to more than 100 countries – without the sender ever having to touch the digital currency. “The integration uses all of the benefits of Bitcoin but hides the complexities from the user, just uses Bitcoin as settlement rails,” said Celery CEO IIya Subkhankulov. The process does not require a user to buy bitcoin or handle the digital currency. Airtime purchases made from Celery’s exchange take the money straight from the person’s bank account, similar to the process of buying bitcoin. In addition, Bitrefill is eliminating fees for airtime remittances to India. The U.S.-India corridor contributes largely to the $70 billion worth […]
The post Bitrefill and Celery Make Bitcoin Remittances Easy: A Conversation With CEO Sergej Kotliar appeared first on Bitcoin Magazine.
Posted on 27 March 2015 | 11:19 am
Posted on 27 March 2015 | 10:35 am
A few weeks ago Bitcoin Magazine reported that the Bitcoin Investment Trust (BIT) was about to become the first publicly traded Bitcoin fund. On Thursday, the BIT received formal approval for listing on the OTC Markets Group’s OTCQX exchange. The fund is listed with the symbol GBTC, and trading is expected to begin early next week. Barry Silbert announced on Twitter that the BIT fund is live and waiting for eligible shareholders to deposit their shares and sell. The BIT is the first product from Silbert’s new Grayscale Investments, a digital-asset management firm being launched concurrently by his Digital Currency Group. The Wall Street Journal notes that the BIT is the latest addition to the growing number of bitcoin trading […]
The post The Bitcoin Investment Trust (BIT) Goes Live with Ticker GBTC appeared first on Bitcoin Magazine.
Posted on 27 March 2015 | 9:29 am
As cryptocurrencies grow in popularity, they will continue to threaten revenue streams of the traditional banking system, according to a new report from the British Banking Association (BBA). A section of The Digital Disruption: UK Banking Report looks specifically at cryptocurrencies and the impact they have already had, and will continue to have, on people's […]
Posted on 27 March 2015 | 7:47 am
Bitcoin-to-cash service Bit2Me has cancelled its commission fees in a bid to remain competitive in the Spanish market.
Posted on 27 March 2015 | 5:19 am
Attorney Jared Marx explores a recent SEC decision on crowdfunding - and the implications for startups.
Posted on 26 March 2015 | 3:18 pm
Grayscale director Michael Sonnenshein discusses the launch of the newest among a group of companies in Barry Silbert's Digital Currency Group.
Posted on 26 March 2015 | 2:20 pm
A Swedish bitcoin brokerage has gone to court with the country’s tax authority to prevent an audit of its customer information.
Posted on 26 March 2015 | 12:20 pm
In a surprise move, e-wallet provider and payment processor Neteller quietly started to accept bitcoin deposits at zero fees. Neteller customers will now be able to top up their accounts by exchanging Bitcoin into one of the currencies offered by Neteller. Neteller, owned and operated by publicly traded British global payments company Optimal Payments PLC, is used by millions of consumers in more than 200 countries and especially popular in the foreign exhange and online gambling sectors. This announcement follows the entering into of an agreement between Optimal Payments and Bitcoin payment processor BitPay. “We recognize the important role that cryptocurrencies play in the future of payments,” said Optimal Payments President and CEO Joel Leonoff, “and we look forward to […]
The post Neteller Adds Bitcoin Funding to Prepaid Mastercards appeared first on Bitcoin Magazine.
Posted on 26 March 2015 | 11:15 am
Many people know the symbol of Bitcoin. Many people might know the symbol of Litecoin. Even fewer know the symbol of a Dogecoin. There are hundreds of cryptocurrencies that have been developed, but what’s the symbol for “cryptocurrency?” Brand Me Crypto, a design contest sponsored by Vogogo and Cryptsy, is hoping that one concise brand can be created that will epitomize the true brand of cryptocurrency. “I found myself and our designers struggling to visually articulate cryptocurrency as a whole without inundating our designs with 5+ more coins just to communicate the overarching cryptocurrency conversation and message,” said Chantel Meeley, head of marketing and creative at Vogogo. But it wasn’t as simple as just hiring a design firm to come […]
The post Designers Compete to Create Global Cryptocurrency Brand appeared first on Bitcoin Magazine.
Posted on 26 March 2015 | 10:42 am
Could a decentralised system where off-blockchain bitcoin transactions are sent over a network of micropayment channels solve blockchain scalability?
Posted on 26 March 2015 | 10:16 am
Digital currency businesses will have to comply with the Isle of Man's anti-money-laundering laws from 1st April.
Posted on 26 March 2015 | 7:57 am
Staying on the right side of the taxman just got a bit easier for businesses dealing with bitcoin and other digital currencies. On Tuesday, Libra, makers of LibraTax accounting service, introduced two new products in their suite of tax-reporting services. They also announced a new partnership with Bitpay, the world’s largest bitcoin payment processor, designed to help merchants stay on top of their bitcoin-related payment transactions. Libra Business and Libra Pro LibraTax has been offering tax-reporting solutions and helping to educate accountants and tax professionals with digital currencies since early in 2014. With the addition of Libra Business and Libra Pro, both businesses and tax professionals alike can keep track of all their digital currency transactions. With regulatory bodies in […]
The post Libra Launches Enterprise Tax Solution; Partners with Bitpay appeared first on Bitcoin Magazine.
Posted on 25 March 2015 | 3:33 pm
SBT Venture Capital partner Mircea Mihaescu has suggested that the blockchain could replace the current banking system.
Posted on 25 March 2015 | 1:20 pm
Bitseed has launched the first plug-in bitcoin node to encourage users to contribute to the bitcoin network, hassle-free.
Posted on 25 March 2015 | 10:36 am
Whether it’s going to legacy payment technology trade shows or partnering with legacy payment processors, Bitcoin companies have found that there is something to be said for partnering with the old rather than just forgetting it exists. Bitnet today announced that it had joined forces with Cardinal Commerce, a global provider in the remote payments industry. Now, all of the companies in the Cardinal Commerce platform will have the option of implementing bitcoin acceptance. These include international retail giants such as Lenovo, Toshiba, GameStop, Tiffany & Co., and Urban Outfitters. It also includes leading travel companies such as Delta Airlines, Orbitz, Travelocity, and Hotwire. As with many of the bitcoin payment processing technologies, merchants will be able to price their goods in one […]
The post Bitnet Onboards Cardinal Commerce; Brings Bitcoin Integration Opportunities to New Merchants appeared first on Bitcoin Magazine.
Posted on 25 March 2015 | 8:39 am
At a time when many other bitcoin miners are shutting down because they can’t afford to continue operating based on current prices, Bitcoin Shop, rebranded as Blockchain Technology Consumer Solutions (BTCS), is moving aggressively into the mining sector in an attempt to take a large chunk of market share. “People are leaving the mining business because it is a sucker’s game,” said Charles Allen, CEO of BTCS, in an interview with Bitcoin Magazine. “But the only way to make money in the next 1-2 years is with mining.” The company is putting its money where its mouth is. It signed a partnership with Spondoolies Tech, a provider of mining hardware, to acquire a significant amount of mining equipment. Spondoolies became […]
The post BTCS Enters Mining Sector in a Market-Share Grab appeared first on Bitcoin Magazine.
Posted on 25 March 2015 | 8:11 am
Bitcoin wallet and technology provider Coinkite has announced Bitkit, its bitcoin wallet API, is now available on Tor.
Posted on 25 March 2015 | 7:58 am
Isle of Man-based payments processor and prepaid card provider Neteller has added a bitcoin deposit feature.
Posted on 24 March 2015 | 4:57 pm
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