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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

#wearesatoshi

This is the feature article for Issue 20. Explaining Bitcoin to a luddite is like explaining the plot of an action-drama movie. Failing exchanges! “Overnight” millionaires! Bank robberies! Drug-busts! World-changing innovation! Government espionage and fortunes made and lost! One of the most interesting aspects is the superhero-like protagonist: our system’s very anonymous creator, Satoshi Nakamoto. #themanbehindbitcoin Satoshi Nakamoto is thought to be a pseudonym for the unknown “Father of Bitcoin”; in Japanese, Satoshi Nakamoto roughly translates to “thinking clearly inside the foundation.”1  For the purpose of this article, Satoshi will be referred to as a male. His preference for privacy is his hallmark. He used e-mail addresses and web-sites that were untraceable. In 2009, he produced his famous white paper […]

The post #wearesatoshi appeared first on Bitcoin Magazine.

Posted on 30 July 2014 | 6:17 am

Dogecoin Core Development Interview

Dogecoin, born in jest, is now serious business. A major payment processor already supports Dogecoin payments. This has opened up the coin to a huge selection of international merchants. One such merchant is Hustler Magazine, which recently confirmed it would start accepting payments in Dogecoin. Dogecoin is also being embraced by new exchanges, including those in the lucrative Chinese market. Most importantly, the community seems as vibrant and passionate as ever. This is important. However, it matters little if there is no one maintaining the protocol and ensuring both the integrity and security of the network. Fortunately for Dogecoin the core development team is equally as passionate. They are increasingly becoming recognised as one of the most active and productive […]

The post Dogecoin Core Development Interview appeared first on Bitcoin Magazine.

Posted on 30 July 2014 | 6:07 am

CoinSafe Releases ‘Virtual Bitcoin ATM’ Apps for Merchants

CoinSafe says its new software allows businesses to trade bitcoins directly with walk-in customers.

Posted on 30 July 2014 | 5:19 am

Overstock's Radical Plan to Reinvent the Stock Market With Bitcoin - Wired


Overstock's Radical Plan to Reinvent the Stock Market With Bitcoin
Wired
Overstock.com and its swashbuckling CEO, Patrick Byrne, are hoping to create a new kind of corporate stock based on the computer software that drives bitcoin, aiming to overhaul the stock market in much the same way that bitcoin overhauled how we store ...
Overstock.com Expanding Bitcoin Acceptance Internationally in the Next Six ...newsBTC

all 2 news articles »

Posted on 30 July 2014 | 4:37 am

Bitcoin Tax-Free Transactions Face Test at Top EU Court - Bloomberg


Bitcoin Tax-Free Transactions Face Test at Top EU Court
Bloomberg
The case may help clarify powers of tax authorities over bitcoin as central bankers who regulate supplies of traditional currencies from the euro to the pound grapple with its emergence as an alternative means of payment. Banks shouldn't buy, hold or ...

and more »

Posted on 30 July 2014 | 4:24 am

The Bitcoin Crowd Reaches Out to the Gold Bugs - Businessweek


The Bitcoin Crowd Reaches Out to the Gold Bugs
Businessweek
On the spectrum of currency ideologues, gold bugs and Bitcoin enthusiasts occupy equal but opposite positions. They're both suspicious that governments are going to meddle around with normal money so much that it becomes useless—it's just that one ...
Anyone Can Now Trade, Send and Spend Physical Gold Online via GBI's Ripple ...IT Business Net

all 6 news articles »

Posted on 30 July 2014 | 3:55 am

New Zealand Bitcoin ATM Operator Shuts Down After Bank Refusals - CoinDesk


TechCrunch

New Zealand Bitcoin ATM Operator Shuts Down After Bank Refusals
CoinDesk
New Zealand-based bitcoin ATM operator Bitcoin Central says it has been forced to shut its doors, the result of local banks' refusal to provide financial services. While bitcoin businesses around the world are going to great lengths to comply with new ...
Robocoin Opens The First Bitcoin ATM In Vegas, BabyTechCrunch
Bitcoin problems news to bankersNew Zealand Herald
New Zealand Bitcoin ATM Shuts Down Due to Lack of Bank Support, Refusal of ...International Business Times AU
3News NZ -newsBTC -CoinTelegraph
all 10 news articles »

Posted on 29 July 2014 | 8:08 pm

New Zealand Bitcoin ATM Operator Shuts Down After Bank Refusals

A New Zealand bitcoin ATM operator is the latest to fall victim to the banking industry's digital currency barriers.

Posted on 29 July 2014 | 7:49 pm

Bitcoin trading website accused of defrauding thousands of customers - Los Angeles Times


Bitcoin trading website accused of defrauding thousands of customers
Los Angeles Times
Coinabul LLC, a service based in Wyoming that exchanges bitcoin, an online currency, for precious metals, continued accepting bitcoin payments despite allegedly stopping shipments for nearly a year, according to a federal complaint filed Friday in ...

and more »

Posted on 29 July 2014 | 5:55 pm

Proposed Rules Expose Rifts Among Bitcoin Enthusiasts - New York Times


New York Times

Proposed Rules Expose Rifts Among Bitcoin Enthusiasts
New York Times
A new front has opened in the battle over Bitcoin. Since New York became the first state to propose virtual currency regulations two weeks ago, Bitcoin enthusiasts have had a mixed reaction on whether the new rules will help legitimize the virtual ...
Bitcoin? There's an ATM for thatChicago Tribune
Gold Bugs Meet Bitcoin Believers to Supplant the DollarBloomberg
Bitcoin ATMs Boom: New LocationsCoinTelegraph
WNEM Saginaw -The Times-Picayune -International Business Times, India Edition
all 86 news articles »

Posted on 29 July 2014 | 4:40 pm

Steve Stockman: New York's Bitcoin Regulation Could Crush the Industry - CoinDesk


Steve Stockman: New York's Bitcoin Regulation Could Crush the Industry
CoinDesk
In a new interview with CoinDesk, Stockman said the NYDFS proposals are too onerous considering the relative infancy of bitcoin. Further, he argued that state-based regulators like those in New York are being too aggressive in their efforts to impose ...

Posted on 29 July 2014 | 4:19 pm

Steve Stockman: New York’s Bitcoin Regulation Could Crush the Industry

In a new interview with CoinDesk, US Representative Steve Stockman explores the complex regulatory challenges facing bitcoin today.

Posted on 29 July 2014 | 4:07 pm

ZipZap Raises $1.1 Million to Grow Global Bitcoin Payments Network

ZipZap has raised $1.1m in new funding with the goal of becoming the leading payment network for digital currencies.

Posted on 29 July 2014 | 3:20 pm

Arizona's first bitcoin machine broken by lightning strike - azcentral.com


CoinTelegraph

Arizona's first bitcoin machine broken by lightning strike
azcentral.com
The electricity in the air over Arizona's first bitcoin ATM proved too much for the machine, which was knocked out of commission after lightning struck Bookmans Entertainment Exchange in Tucson Friday said Brian Williams, founder of Javelin Investments ...
Chicago's First Bitcoin ATM Debuts in LakeviewDNAinfo
CoinSafe Releases 'Virtual Bitcoin ATM' Apps for MerchantsCoinDesk
Chicago restaurant installs Bitcoin ATMChicago Business Journal
CryptoCoinsNews -CoinTelegraph -Daily Mail
all 14 news articles »

Posted on 29 July 2014 | 2:32 pm

Dutch easyHotel Franchisee Accepts Bitcoin for Room Reservations

A franchisee for the popular European hotel chain is now taking payments in digital currency.

Posted on 29 July 2014 | 1:15 pm

Alpha Technology Blames PayPal Dispute for ASIC Delivery Delay

Manchester mining outfit Alpha Technology has missed its July delivery target, citing technical problems and a dispute with PayPal.

Posted on 29 July 2014 | 11:55 am

Bitcoin Payment Protocol Explained

What do you do with bitcoin? Why, you spend it of course! Or more precisely you pay for something or some service using it. The specific process to pay using bitcoin is called the Bitcoin Payment Protocol and it is codified in a document called BIP70.  A BIP is a Bitcoin Improvement Proposal and is one of the mechanisms used by the Bitcoin “core developers” to improve Bitcoin.  There are all sorts of BIPS on lots of great topics but let’s not get diverted. Go to: https://github.com/bitcoin/bips/  and check them out yourself. Now back to BIP70 the payment protocol. The description is at: https://github.com/bitcoin/bips/blob/master/bip-0070.mediawiki and is the basis for the technical content  of this article. The abstract of the payment […]

The post Bitcoin Payment Protocol Explained appeared first on Bitcoin Magazine.

Posted on 29 July 2014 | 5:51 am

Arizona’s First Bitcoin ATM Struck by Lightning

Arizona's first and only bitcoin ATM has been knocked out of action by a lighting strike.

Posted on 29 July 2014 | 5:34 am

Somebody Forgot to Tell the Blockchain It’s Over

There are so many headlines about impending doom right now. Russia versus Ukraine, which might drag US and Europe into war. The Syria conflict continues. The Mt. Gox bitcoin exchange finally implodes taking down 850,000 bitcoins with it. Charley Shrem of BitInstant under house arrest. Several governments issue warnings about bitcoin investment. The Federal Bank’s continuing to receive unrequested opinions coming, yet again, from Senator Machim; when financial baker JP Morgan ridicules it, their man Machim squawks each time he thinks he can get a headline conveniently ignoring that his allies at JP Morgan were just recently fined 15 BILLION in the last year.  Including the Bernie Madoff pyramid scheme they helped with. All the while the blockchain still toils […]

The post Somebody Forgot to Tell the Blockchain It’s Over appeared first on Bitcoin Magazine.

Posted on 29 July 2014 | 5:00 am

Apple Allows the World's Most Popular Bitcoin Wallet Back Into Its Store - Wired


CNNMoney

Apple Allows the World's Most Popular Bitcoin Wallet Back Into Its Store
Wired
Six months after Apple removed Blockchain from its online App Store—effectively preventing people from using the popular bitcoin wallet app on the iPhone and the iPad—the tech giant has now allowed the app back into the store. “This seems to be the ...
Apple welcomes back top Bitcoin wallet appCNNMoney
Blockchain's Bitcoin App Reinstated in Apple's App StoreWall Street Journal (blog)
Blockchain Returns to Apple iOS with New Bitcoin WalletCoinDesk
TechCrunch -Investorplace.com -Bloomberg
all 43 news articles »

Posted on 28 July 2014 | 5:11 pm

Tim Draper Leads CrowdCurity’s $1 Million Seed Funding

CrowdCurity has raised $1 million in a round of seed funding led by Tim Draper and Kima Ventures.

Posted on 28 July 2014 | 4:10 pm

Atlas ATS Expands Institutional Bitcoin Exchange to European Market

Atlas ATS has expanded its global bitcoin exchange operation to Europe with a new local partnership in Spain.

Posted on 28 July 2014 | 12:20 pm

Moolah Acquires Troubled Altcoin Exchange MintPal

Digital currency services provider Moopay has purchased MintPal in an acquisition that will take place gradually through August.

Posted on 28 July 2014 | 11:40 am

SWIFT Institute Offers €15,000 for Bitcoin Research Project

The SWIFT Institute is launching a research programme on cryptocurrencies, with a €15,000 grant for the winning proposal.

Posted on 28 July 2014 | 10:56 am

BTC China Upgrades Mobile App with New Trading Pairs, Live Charts

BTC China has upgraded its Mobile Exchange app with direct bitcoin-to-litecoin trading and live data for itchy-fingered traders.

Posted on 28 July 2014 | 10:10 am

Multisig: A Revolution Incomplete

The author is involved in the Ethereum project. The author has no relationship with BitGo, Bitrated, Codius or CryptoCorp. Update: Ben Davenport from Bitgo has replied, saying that they already have an API to support use their service as a pure CryptoCorp-like oracle and soon intend to provide a browser extension. I commend them for their rapid response and dedication to sound security practices. After several years of improving infrastructure and technology, it seems like multisignature wallet technologies are finally making a headway in the Bitcoin world. Greenaddress.it and BitGo have emerged as primary contenders in the space, and the latter has recently raised $12 million in venture capital funding and boasts that it stores over $100 million in BTC. […]

The post Multisig: A Revolution Incomplete appeared first on Bitcoin Magazine.

Posted on 28 July 2014 | 9:10 am

CoinTerra Acquires Bitcoin Software Developer Bits of Proof

Bitcoin mining hardware firm CoinTerra has announced the acquisition of enterprise software company Bits of Proof.

Posted on 28 July 2014 | 7:56 am

Blockchain Returns to Apple iOS with New Bitcoin Wallet

Blockchain returns to the App Store with a totally rewritten wallet app for users of Apple's iPhone and iPad.

Posted on 28 July 2014 | 7:30 am

Bitcoin: The difference in Attitude is Education

This is a guest post by Naomi Brockwell. The media tends to focus on doom-and-gloom stories, because sensationalist headlines attract larger audiences. However, when journalists go so far as to misrepresent facts and sway the public in one direction or another, these stories can be dangerous. This is especially true when talking about a new technology that has the potential to change lives for the better. Public opinion can mean the difference between this potential being realised, or crushed completely. That is the situation with Bitcoin. The media frequently talks about Bitcoin now, but often misrepresents the facts. Coverage tends to focus on the negatives. Stories about money laundering, drug trading, exploded exchanges, and price crashes predominate. The coverage rarely […]

The post Bitcoin: The difference in Attitude is Education appeared first on Bitcoin Magazine.

Posted on 28 July 2014 | 7:00 am

California Lawyer is Latest Congressional Candidate to Accept Bitcoin

Christina Gagnier, a Californian tech lawyer and business owner, is the latest congressional candidate to accept bitcoin donations.

Posted on 28 July 2014 | 4:22 am

CoinDesk Mining Roundup: Miner Meetups and Pool Pressures

This week, a Las Vegas mining convention is set for October and reports say BTC Guild could cease operations.

Posted on 27 July 2014 | 2:45 pm

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

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-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

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

Coinbase Now Requires Two Factor Authentication For Certain Actions

Coinbase now requires two-factor authentication (also known as 2FA) for certain transactions and changes to an account. The one primarily dealt with in their blog post, seen here, is sending

The post Coinbase Now Requires Two Factor Authentication For Certain Actions appeared first on Bitcoin Blogger.

Posted on 15 January 2014 | 1:58 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 In The Beltway: Washington D.C. Bitcoin Conference June 20th-22nd

Bitcoin conventions and conferences are a great way for locals to network and hear motivating words from industry leaders.  More and more Bitcoin Conferences are happening each and every year

The post Bitcoin In The Beltway: Washington D.C. Bitcoin Conference June 20th-22nd appeared first on Bitcoin Blogger.

Posted on 6 January 2014 | 2:50 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

Major Chinese BTC Exchange OKCoin Facing Allegations

OKCoin, touted as the second biggest Chinese exchange, second only to BTC China in volume, is being accused of trading with fake data. Following the ruling that Chinese banks and

The post Major Chinese BTC Exchange OKCoin Facing Allegations appeared first on Bitcoin Blogger.

Posted on 23 December 2013 | 2:23 am

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

July 30, 2014 -
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