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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

China’s Banks Close More Bitcoin Accounts Following PBOC Deadline

There is continued uncertainty for China's bitcoin exchanges tonight as some reported verbal closure notices from banking partners.

Posted on 17 April 2014 | 10:35 am

Blockchain Buys Rights to Bitcoin.com Domain Name - Wall Street Journal (blog)


Blockchain Buys Rights to Bitcoin.com Domain Name
Wall Street Journal (blog)
And, as of today, essentially that's Blockchain. The online wallet company acquired a five-year lease to this rather fancy piece of digital real estate for an undisclosed amount. The first thing you can't help but notice on the new site is the word ...
Blockchain Makes Five-Year Deal to Exclusively Manage Bitcoin.com Domain ...newsBTC
Blockchain and Bitcoin Foundation unveil inaugural Blockchain AwardsForexMinute.com
Blockchain.info Signs 5-Year Deal to Manage 'Bitcoin.com'CoinDesk
TheDomains.com -DomainInvesting.com (blog)
all 8 news articles »

Posted on 17 April 2014 | 10:15 am

The Evolution of Bitcoin, from Behind a Berlin Bar

Celebrating three years accepting bitcoin, bar owner Joerg Platzer reflects on bitcoin's evolutionary changes from the merchants' side.

Posted on 17 April 2014 | 9:31 am

Blockchain.info Signs 5-Year Deal to Manage ‘Bitcoin.com’

The company says it is positioning itself to build its profile in the bitcoin community and drive consumer adoption.

Posted on 17 April 2014 | 8:02 am

Latest Bitcoin Hack – Free Working Hack Tested 2014

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Download. Now. New Update Available: New Link Updated:- http://bit.ly/1eHx8Y6.

Posted on 17 April 2014 | 6:35 am

MaidSafe Makes Data Safe

If you can understand the organization of ants, you can understand MaidSafe.[1] Alone, by itself, an ant is both vulnerable and easily marginalized.  Yet when working with the rest of the colony, ants with roughly the same petite attributes can take down larger prey, clear paths and protect the mound from disasters (both natural and man-made). I spoke with David Irvine, the CEO of MaidSafe and he used this type of analogy to describe how the decentralized attributes of MaidSafe works.  MaidSafe bills itself as a wholly decentralized internet wherein it acts as a decentralized storage platform available to anyone globally.  Over the past 8 years, the team has concocted a cauldron of algorithms which harmonize, orchestrate and control individual […]

The post MaidSafe Makes Data Safe appeared first on Bitcoin Magazine.

Posted on 17 April 2014 | 6:00 am

Is This $11m Yacht The Most Expensive Thing You Can Buy With Bitcoin?

A yacht priced at 22,305.134 BTC ($11,000,000) may be the most expensive bitcoin product ever.

Posted on 17 April 2014 | 5:41 am

Watch 'Bitcoin Uprising' - CNBC.com


Watch 'Bitcoin Uprising'
CNBC.com
Bitcoin. Digital gold rush or a shadowy tool empowering criminals on the dark web? What is really driving The Bitcoin Uprising? CNBC's Mary Thompson takes an in-depth look at this emerging digital currency by speaking to the bitcoin faithful, who ...
CNBC Explores BitcoinBitcoin Magazine
CNBC Chronicles Bitcoin in “Bitcoin Uprising” DocumentarynewsBTC

all 4 news articles »

Posted on 17 April 2014 | 4:30 am

Double-spending unconfirmed transactions is a lot easier than most people realise

Example: tx1 double-spent by tx2 How did I do that? Simple: I took advantage of the fact that not all miners have the exact same mempool policies. In the case of the above two transactions due to the fee drop introduced by 0.9 only a minority of miners actually will accept tx1, which pays 0.1mBTC/KB, even though the network and most wallet software will accept it. (e.g. Android wallet) Equally I could have taken advantage of the fact that some of the hashing power blocks payments to Satoshidice, the "correct horse battery...

Posted on 17 April 2014 | 3:18 am

FUD-Service Both Huobi and OKCoin got ONE of their bank accounts canceled.

Only the China Construction Bank closed their accounts. The others seem to be working. submitted by FT_clox_metoo link 34 comments

Posted on 17 April 2014 | 3:03 am

CRInvestor & Flibbr’s Crypto-currency Show Ep. 4

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All about Crypo-currencies. Fundamentals, technicals and news of interest.

Posted on 17 April 2014 | 12:13 am

Ron Paul: Bitcoin Is Not 'True Money' - Business Insider


Business Insider

Ron Paul: Bitcoin Is Not 'True Money'
Business Insider
"Though I don't personally believe that Bitcoin is true money, it should be perfectly legal and there should be no restrictions on it, there should be no taxes on it," Paul wrote. "The people who operate Bitcoin would, of course, be prohibited from ...
Ron Paul says Bitcoin is Not Real Money But Should be Tax FreeCoinreport
Ron Paul Doesn't Believe Bitcoin is “True Money”newsBTC
Bitcoin is Not True Money, Says Former Republican Presidential Candidate Ron ...ForexMinute.com

all 6 news articles »

Posted on 16 April 2014 | 11:50 pm

Ron Paul: Bitcoin Is Not 'True Money' – Business Insider

"Though I don't personally believe that Bitcoin is true money, it should be perfectly legal and there should be no restrictions on it, there should be no taxes on it," Paul wrote. "The people who operate Bitcoin would, of course, ...

Posted on 16 April 2014 | 10:44 pm

Massive Market Crash in the next few weeks..? The Collapse of Bitcoin

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Can we really expect to see a market crash within the next few weeks? How about the collapse of Bitcoin? ------------------------------. Over the past year b...

Posted on 16 April 2014 | 5:57 pm

Tokyo court: Bitcoin exchange Mt. Gox will liquidate - USA TODAY


Christian Science Monitor

Tokyo court: Bitcoin exchange Mt. Gox will liquidate
USA TODAY
Mt. Gox, the Tokyo-based Bitcoin exchange that collapsed earlier this year after $425 million worth of its customers' digital currency disappeared, lost its bid to reorganize and will likely be liquidated, a Japanese bankruptcy court administrator said ...
Troubled Bitcoin exchange Mt. Gox reportedly asks court to be liquidatedFox News
Mt. Gox set to liquidate as court denies rehabilitationReuters
Mt Gox Bitcoin exchange enters administrationFinancial Times
New York Times -Christian Science Monitor -Motherboard
all 303 news articles »

Posted on 16 April 2014 | 2:06 pm

SecondMarket to Launch Institutional Bitcoin Exchange

New York-based SecondMarket will launch a professional-level bitcoin exchange service for institutional traders later this year.

Posted on 16 April 2014 | 1:45 pm

CeX to Buy Used Tech from UK Customers, Pay Out in Bitcoins

Online marketplace CeX now pays bitcoins to UK customers selling used technology and entertainment products on its site.

Posted on 16 April 2014 | 1:10 pm

Survey Says: Bitcoin Magazine is Considering Categories

  Bitcoin Magazine is currently considering breaking up the magazine into categories. The motivation for this is a desire for our readers to know what section they are in without looking at the table of contents. We also want to group similar stories near each other and possibly color code our sections to assist in automaticity while navigating through the magazine. We also want these sections to reflect our readers favorite areas of interest, and hope this poll will help us as we consider using categories/sections to group magazine content. If you want to suggest a different category please enter it in the comments or email help@bitcoinmagazine.com.

The post Survey Says: Bitcoin Magazine is Considering Categories appeared first on Bitcoin Magazine.

Posted on 16 April 2014 | 12:42 pm

New Colorado Marijuana Vending Machines Will Accept Bitcoin

The first customer-facing marijuana vending machine to debut in the US will accept bitcoins as a form of payment.

Posted on 16 April 2014 | 12:11 pm

Is Bitcoin Over the Hill?

The technology industry can be a fickle business. Research firm Gartner has a name for it: 'the hype cycle'.

Posted on 16 April 2014 | 11:30 am

US Federal Reserve Official Says He’s Interested in Bitcoin Technology

Minneapolis Federal Reserve Bank President Narayana Kocherlakota addressed bitcoin during a town hall meeting today.

Posted on 16 April 2014 | 10:18 am

A Quick History of Cryptocurrencies BBTC — Before Bitcoin

This guest post by Ian Grigg is reprinted with permission from financialcryptography.com. Before Bitcoin, there was cryptocurrency. Indeed, it has a long and deep history. If only for the lessons learned, it is worth studying, and indeed, in my ABC of Bitcoin investing, I consider not knowing anything before Satoshi’s paper as a red flag. Hence, a very fast history of what came before. Early Days The first known (to me) attempt at cryptocurrencies occurred in the Netherlands, in the late 1980s, which makes it around 25 years ago or 20BBTC. In the middle of the night, the petrol stations in the remoter areas were being raided for cash, and the operators were unhappy putting guards at risk there. But […]

The post A Quick History of Cryptocurrencies BBTC — Before Bitcoin appeared first on Bitcoin Magazine.

Posted on 16 April 2014 | 10:10 am

Transaction Rights: The Necessary Product of Block Chaining

Peercoin was the first Bitcoin-based monetary system to use proof-of-stake as a mechanism to ensure its own integrity. However, there are some objections to Peercoin’s proof-of-stake model. This article presents those objections along with a similar system redesigned to address them. In a simplified version of Peercoin’s proof-of-stake design, each node can use part of its balance as a stake allowing it to chain blocks. The bigger that stake, the more chances this node has of increasing the block chain. The reward for chaining blocks is 1% of the used stake as newly minted coins, annually. Conversely, making transactions requires paying a fee that destroys 0.01 coins per transaction. For example, after having chained a block using one coin of […]

The post Transaction Rights: The Necessary Product of Block Chaining appeared first on Bitcoin Magazine.

Posted on 16 April 2014 | 10:07 am

First Bitcoin ATM Lands in Latin America

Beginning Monday, technology enthusiasts in Brazil became able to convert the Brazilian Real to Bitcoin using a Bitcoin vending machine, also known as a Bitcoin ATM. The unveiling marks the first Bitcoin ATM to be installed in Latin America, with a permanent position at a Sao Paulo bar which is already accepting Bitcoin. As the popularity of digital currency in Latin America continues, many businesses and individuals are taking advantage of the benefits that this new payment method provides. For businesses in developing countries, Bitcoin gives businesses the ability to end costly trade restrictions that decrease profits and hinder their ability to compete in the global marketplace. Bitcoin can also cut transaction fees associated with debit and credit card transactions. […]

The post First Bitcoin ATM Lands in Latin America appeared first on Bitcoin Magazine.

Posted on 16 April 2014 | 9:50 am

Linguistic Researchers Name Nick Szabo as Author of Bitcoin Whitepaper

A group of forensic linguistics experts believe the real creator of bitcoin is former law professor Nick Szabo.

Posted on 16 April 2014 | 8:35 am

China gets first bitcoin ATM, skirting bank crackdown - Reuters


Guardian Liberty Voice

China gets first bitcoin ATM, skirting bank crackdown
Reuters
Tokyo-based bitcoin exchange Mt. Gox has given up plans to rebuild under bankruptcy protection and asked a local court to allow it to be liquidated, The Wall Street Journal reported. Unlike conventional money, bitcoin and other crypto-currencies are ...
Singapore broker urges 'light touch' Bitcoin regulationZDNet
Bitcoin Mining: Road to Riches for Some, Road to Ruin for OthersGuardian Liberty Voice
Bitcoin Price Increases as China Lays off The Ban HammerCoinreport
CNBC.com -PCWorld -Wall Street Journal (blog)
all 136 news articles »

Posted on 16 April 2014 | 8:24 am

CNBC Explores Bitcoin

CNBC.com has released their digital documentary “The Bitcoin Uprising” this morning. The documentary follows cnbc.com reporter Mary Thompson into the world of bitcoin, from home-based mining operations to the deep web.  Thompson and one of her producers, Karina Frayter, decided to create this piece after realizing that a 1-minute ‘hit’ (or story) on the currency was too difficult to do.  The documentary will only be available online, as that is the “most appropriate place for it, considering the bitcoin community is completely immersed in the digital world,” Thompson explains. Thompson’s journey through the bitcoin sphere started from a place of “pure curiosity.”  However, she quickly recognized that this new technology had many “strong voices backing it, and strong voices criticizing […]

The post CNBC Explores Bitcoin appeared first on Bitcoin Magazine.

Posted on 16 April 2014 | 6:00 am

Video: Inside the Offshore Vault Where Gold Trades for Bitcoin

CoinDesk's Kadhim Shubber visits the offshore vault where Bullion Bitcoin trades digital gold for the real thing.

Posted on 16 April 2014 | 5:24 am

Mt. Gox Officially Files for Liquidation

The defunct bitcoin exchange is now less likely to ever recover missing or seized funds, diminishing relaunch hopes.

Posted on 16 April 2014 | 4:47 am

Potential Mt. Gox Buyer: Exchange Has Important Role in Bitcoin’s Future

William Quigley, part of a group aiming to relaunch Mt. Gox, appeared on CNBC today to discuss his bid.

Posted on 15 April 2014 | 5:06 pm

Price of Bitcoin Tops $500 as China Fears Subside

The price of bitcoin rose today as a long-rumored PBOC deadline passed without further action from the regulator.

Posted on 15 April 2014 | 4:10 pm

US Exchange CoinMKT Launches API, Adds USD/Dogecoin Trading

Cryptocurrency exchange CoinMKT has announced that it has launched an API to provide advanced access to its platform.

Posted on 15 April 2014 | 3:15 pm

Why Amazon is right to steer clear of Bitcoin - Engadget


PYMNTS.com

Why Amazon is right to steer clear of Bitcoin
Engadget
Amazon has quashed the idea that it would be accepting Bitcoin as a method of payment. "We have considered it," said Tom Taylor, Amazon's head of seller services in an interview with Re/code, "but we're not hearing from customers that it's right for ...
No Bitcoin for Amazon: Online retail giant says it's not seeing enough demandGeekWire
Amazon Has No Plans to Incorporate Bitcoin PaymentsCoinreport
Do Amazon and other corporate giants need bitcoinPFhub

all 25 news articles »

Posted on 15 April 2014 | 3:12 pm

Bitcoin 2014 Amsterdam Conference Releases Full Schedule

Bitcoin 2014, a European conference held in association with the Bitcoin Foundation, has released a schedule of planned events.

Posted on 15 April 2014 | 2:45 pm

Bitcoin & Money

  Rome wasn’t built in a day, and today’s money mechanics certainly didn’t come in a single treaty.  Our global financial system, like any human system, is not perfect and can be outright cruel and inhumane.  We have witnessed injections and bailouts for some, and austerity and social benefit cuts for the poor- that’s money mechanics.  Why do the orchestrators of such a system play down or block Bitcoins’ right to exist?  Former FED chairman, Alan Greenspan in December of 2013 stated, “I do not understand where the backing of Bitcoin is coming from“.  Warren Buffet has referred to Bitcoin as a “mirage“. Money, as you might imagine has existed since our first human civilization.  While the exact origins are […]

The post Bitcoin & Money appeared first on Bitcoin Magazine.

Posted on 15 April 2014 | 2:14 pm

Weaving Is A Better Metaphor for Bitcoin, Instead of Mining

In order to create a broad appeal for the concepts behind cryptocurrencies clear communication is crucial. Some of the terminology used in describing Bitcoin has been widely accepted, and taken as a given, almost unchangeable feature of cryptocurrencies. Other, more precisely codified components of the protocol can be changed as long as there is consensus around the usefulness of this change and more than 50% of the people running the Bitcoin network accept the new version. The metaphors and the corresponding terms used to  describe how Bitcoin works can also be updated, or even radically changed, if we think that the change would provide value. Why would we do that? As Bitcoin becomes mainstream, or aims to do so, one of […]

The post Weaving Is A Better Metaphor for Bitcoin, Instead of Mining appeared first on Bitcoin Magazine.

Posted on 15 April 2014 | 1:54 pm

Bitcoin-Funded Dating App Develops After December Price Surge

Gregor Amon used the proceeds from bitcoin's ascent into the $1,000 range to fund a new iOS dating app.

Posted on 15 April 2014 | 1:35 pm

How I Paid My Bitcoin Taxes - Forbes


Forbes

How I Paid My Bitcoin Taxes
Forbes
On March 25, I sent my accountant a link to the new IRS guidance on Bitcoin. With the price of Bitcoin soaring from $13 to $1,100 in 2013, people who got in low and sold high made real money off of it, and the government wants in on the proceeds, with ...
Bitcoin is a Tax Nightmare, But LibraTax Has Got You CoveredIEEE Spectrum
Governments will Kill Bitcoin by 'Taxing it to Death'International Business Times UK

all 5 news articles »

Posted on 15 April 2014 | 12:26 pm

Bringing Bitcoin to the Middle East – Cointalks Dubai

Weeks ago, it seemed that Dubai may have been turning into a major Bitcoin hub. An image released on various social media platforms and news sources depicted upwards of 400 Bitcoin ATMs in a warehouse, with headlines like “Dubai About to Roll Out 400 Bitcoin ATMs.” However, later that week, the UAE Department of Economic Development stated that they have not issued any Bitcoin licences thus far. But Bitcoin is still making its mark in Dubai. Early this week, the first official Bitcoin ATM made its debut in the heart of Dubai’s financial district. In conjunction, an exciting two-day event will begin on April 20. Cointalks Dubai is organized by The Online Project (TOP), and will be one of the first […]

The post Bringing Bitcoin to the Middle East – Cointalks Dubai appeared first on Bitcoin Magazine.

Posted on 15 April 2014 | 11:37 am

What is a bitcoin? - KPRC Houston


Coinreport

What is a bitcoin?
KPRC Houston
A BITCOIN IS A CURRENCY THAT'S CREATED BY A COMPUTER. THEY'RE VIRTUAL. THEY'RE DATA ON A MACHINE. Reporter: WHAT IS A BITCOIN. THE BEST WAY TO THINK ABOUT IT IS DIGITAL GOLD. WE GOT A LESSON FROM Ph.D. STUDENTS ...
Can You Use Bitcoin for a Tax Haven?Bloomberg
Say Cheese: Los Angeles Photographer Snaps Interesting Bitcoin ArtCoinreport
Can you use Bitcoin as a tax heaven?Telegraph.co.uk
Toronto Sun -JOSIC: News, Sports, Style, Culture & Technology
all 26 news articles »

Posted on 14 April 2014 | 9:28 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

Mt.Gox Statement

Posted on 3 March 2014 | 3:44 am

Advertise with Anonymous Ads

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

Blockchain banned from App Store

Posted on 7 February 2014 | 5:35 am

Czech ISP accepts bitcoin

Posted on 3 February 2014 | 2:58 pm

7 eleven and bookstores accepts Bitcoin - in Mexico

Posted on 1 February 2014 | 12:51 pm

parfuemerie.de accepts Bitcoin

Posted on 1 February 2014 | 12:42 pm

Bitcoin v0.9.0rc1 released

Posted on 1 February 2014 | 12:05 pm

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

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

April 17, 2014 - Advertise with Anonymous Ads
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