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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

As The Federal Reserve Shows, Bitcoin Disproves Steve Keen's Contention About ... - Forbes


As The Federal Reserve Shows, Bitcoin Disproves Steve Keen's Contention About ...
Forbes
Steve Keen is a fellow contributor here at Forbes so this isn't a declaration of all out jihad upon his ideas. Rather, it's to show that one of his contentions about economics and the economy might still be true but it isn't as important as he tends to ...

Posted on 29 August 2015 | 9:50 am

Andreas Antonopoulos Thinks Bitcoin ATMs Need to Be Completely Redesigned

Mastering Bitcoin Author Andreas Antonopoulos recently gave at talk at Harvard’s i-lab, spending much of his time in front of a small audience describing the various issues with Bitcoin as a brand. He noted many problems with the terminology[add link to bitcoin terminology is broken and wrong piece] used in Bitcoin, and he also focused on specific products or services in the Bitcoin space that seem to be doing a disservice to potential users. At one point during the presentation, Antonopoulos turned his attention to Bitcoin ATMs, asking the audience how many of them had used one of the machines in the past. While a few people raised their hands, those hands went down when Antonopoulos then asked how many […]

The post Andreas Antonopoulos Thinks Bitcoin ATMs Need to Be Completely Redesigned appeared first on Bitcoin Magazine.

Posted on 29 August 2015 | 9:30 am

American Teen Sentenced to 11 Years for Helping ISIS with Bitcoin - Inside Bitcoins


Inside Bitcoins

American Teen Sentenced to 11 Years for Helping ISIS with Bitcoin
Inside Bitcoins
The United States Department of Justice stated in a press release that Ali Shukri Amin, 17, of Manassas, Virginia, has been sentenced to 136 months in prison. Authorities arrested Amin in early 2015 for offering online advice on how to use Bitcoin to ...
17-Year-Old American Sentenced to Eleven Years In Prison For Tweets Supporting ...Gizmodo
Virginia Teen Sentenced To 11 Years For Assisting Islamic StateTalk Radio News Service

all 254 news articles »

Posted on 29 August 2015 | 5:43 am

Blockchain Tech Could Save Global Business $550 Billion Per Year

Jeremy Almond, CEO of payments-as-a-service platform PayStand, examines whether blockchain technology can rescue the last bastion of analog payments.

Posted on 29 August 2015 | 4:00 am

How virtual currency Bitcoin is gaining ground in India - Economic Times


How virtual currency Bitcoin is gaining ground in India
Economic Times
"In the present situation, when there is so much of volatility in the equity and real estate markets, bitcoins have become one of my most reliable investment destinations," said Ahmedabad based Himanshu Sisodia, who's chief operating officer at ...

and more »

Posted on 28 August 2015 | 10:55 pm

Research aims for Bitcoin science to catch up with growth in usage - Baltimore Sun


Research aims for Bitcoin science to catch up with growth in usage
Baltimore Sun
While bitcoin advocates say the cryptocurrency is here to stay, its relative youth and rapidly evolving marketplace mean there are many questions about its future, including how safe it really is from hacking and other manipulation. Scientists also are ...

and more »

Posted on 28 August 2015 | 5:23 pm

Canadian Pension Fund's Venture Arm Exploring Bitcoin Investments

The venture arm of a major Canadian pension fund is reportedly looking at making investments in bitcoin and blockchain startups.

Posted on 28 August 2015 | 2:45 pm

Canadian Pension Fund's Venture Arm Exploring Bitcoin Investments - CoinDesk


Canadian Pension Fund's Venture Arm Exploring Bitcoin Investments
CoinDesk
The fund's venture arm, OMERS Ventures, recently disclosed in a recent interview with Canadian business publication TechVibes that it was exploring the use of proceeds from a recently closed $260m CAD fund to make investments in the bitcoin space.

Posted on 28 August 2015 | 2:45 pm

Bitcoin Technology Piques Interest on Wall St. - New York Times


New York Times

Bitcoin Technology Piques Interest on Wall St.
New York Times
Most people still think of Bitcoin as the virtual currency used by drug dealers and shadowy hackers looking to evade the authorities. But the innovations that helped turn Bitcoin into the most popular virtual currency are now being viewed as a ...
"Blockchain Technology" Is Bringing Bitcoin to the MainstreamBitcoinist.net
An Analysis of the Recent Bitcoin MarketFinance Magnates (blog)

all 3 news articles »

Posted on 28 August 2015 | 12:53 pm

Investors Weigh Bitcoin’s Prospects as Fear Levels Rise Across Global Markets

As weak economic data from China hit asset prices globally, Bitcoin Magazine spoke to a number of experts to assess the impact on the price of bitcoin. Since its introduction in 2009, soon after the outbreak of the Great Recession, bitcoin has been championed as a more reliable store of long-term value than fiat money given bitcoin’s capped supply and the continued printing of fiat currencies by various central banks, which many fear will continue to cause financial crises across the globe. However as the CBOE Volatility Index (VIX), often referred to as the ‘Fear Index’, recently trebled from 13.02 to 40.74, and global markets posted their worst week of the year, the U.S. dollar price of a bitcoin fell […]

The post Investors Weigh Bitcoin’s Prospects as Fear Levels Rise Across Global Markets appeared first on Bitcoin Magazine.

Posted on 28 August 2015 | 9:27 am

A Closer Look at BIP100: The Block Size Proposal Bitcoin Miners are Rallying Behind

The block-size limit debate has taken a turn now that some of Bitcoin’s biggest mining pools are publicly endorsing BIP 100 (Bitcoin Improvement Proposal 100) instead of backing a Bitcoin XT blockchain fork. So far, F2Pool, BTCChina, BitFury, KnCMiner, 21 Inc. and several smaller pools have come out in support of this alternative proposal. Combined, this represents well over half of all hashing power on the Bitcoin network. While these endorsements are just a show of support, and do not trigger a change of the block-size limit or a blockchain hard fork as Bitcoin XT is programmed to do, the mining endorsements do mandate a closer look at BIP 100. What is BIP 100?  Over the past weeks most of […]

The post A Closer Look at BIP100: The Block Size Proposal Bitcoin Miners are Rallying Behind appeared first on Bitcoin Magazine.

Posted on 28 August 2015 | 9:01 am

Bitcoin Businesses Take Steps to Prepare for CoinWallet’s September Stress Test

CoinWallet.eu, the U.K.-based Bitcoin mining and wallet business has said it will be running another “stress test” in early September to test the Bitcoin network, according to International Business Times. The company told the international journal that this round of “test” or “spam” attacks “will likely render most standard wallet software worthless and create nearly a 30-day backlog” in the system. Bitcoin Magazine reached out to CoinWallet to learn more about the company’s plans but received no response by time of publication. Stress Test will hammer the Bitcoin network Much like its previous stress test in early July of this year, CoinWallet’s so-called “dust attack” will flood the network with thousands of small, spam-like bitcoin transactions that are large in data but […]

The post Bitcoin Businesses Take Steps to Prepare for CoinWallet’s September Stress Test appeared first on Bitcoin Magazine.

Posted on 28 August 2015 | 8:43 am

USAA: Bitcoin and Blockchain Are FinTech Game-Changers - CoinDesk


CoinDesk

USAA: Bitcoin and Blockchain Are FinTech Game-Changers
CoinDesk
Vic Pascucci is quick to use the phrase "game changer" when talking about bitcoin and blockchain technology. The current USAA head of corporate development and board member at its portfolio startups including Saffron, ID.me and Automatic Labs says he ...

Posted on 28 August 2015 | 8:31 am

USAA: Bitcoin and Blockchain Are FinTech Game-Changers

Vic Pascucci, current USAA head of corporate development, speaks to CoinDesk about his firm's interest in bitcoin and blockchain thechnology.

Posted on 28 August 2015 | 8:24 am

The Looming Problem That Could Kill Bitcoin - MIT Technology Review


MIT Technology Review

The Looming Problem That Could Kill Bitcoin
MIT Technology Review
The way things are going, the digital currency Bitcoin will start to malfunction early next year. Transactions will become increasingly delayed, and the system of money now worth $3.3 billion will begin to die as its flakiness drives people away. So ...
A Closer Look at BIP100: The Block Size Proposal Bitcoin Miners are Rallying ...Bitcoin Magazine
Is Bitcoin Hostile to Property Rights?Acton Institute (blog)
BitcoinXT: Evolution or Revolution?Inside Bitcoins
CoinTelegraph -Brave New Coin -The Korea Herald
all 13 news articles »

Posted on 28 August 2015 | 8:17 am

ChangeTip Users Can Now Turn Bitcoin Tips into Gift Cards - CoinDesk


ChangeTip Users Can Now Turn Bitcoin Tips into Gift Cards
CoinDesk
The bitcoin tipping service, which has raised $4.25m in funding to date, brands itself as a 'love button' for various social media channels including Facebook, Twitter and Reddit. Until now, ChangeTip users could top up their accounts via Coinbase ...

Posted on 28 August 2015 | 4:40 am

ChangeTip Users Can Now Turn Bitcoin Tips into Gift Cards

ChangeTip users can now withdraw bitcoin from the platform in the form of gift cards, thanks to an integration with Gyft this week.

Posted on 28 August 2015 | 4:36 am

Sentencing Looms for Teen Who Promoted ISIL Bitcoin Donations

A Virginia teenager who offered online advice on how to use bitcoin to fund terrorist group ISIL is to be sentenced today.

Posted on 28 August 2015 | 3:36 am

Blockstack.io on Wall Street's Budding Blockchain Interest

CoinDesk profiles Blockstack, one of a new wave of blockchain firms seeking to partner with financial firms on initiatives involving the technology.

Posted on 27 August 2015 | 3:42 pm

Oxford Dictionaries Adds New Definitions for 'Blockchain' and 'Miner'

OxfordDictionaries.com, the online language resource owned by the Oxford University Press, has added new cryptocurrency-related definitions.

Posted on 27 August 2015 | 1:25 pm

Research Examines Blockchain Securities Under US Commercial Law

Cryptosecurities may not be subject to commercial transactions law under the US Uniform Commercial Code (UCC), according to new research.

Posted on 27 August 2015 | 12:45 pm

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Case Announces September 21 Shipping Date for Bitcoin Hardware Wallets

Bitcoin wallet manufacturer Case Inc. has concluded the final phase of testing and announced that the company will begin shipping its hardware wallets on September 21. “Appropriation of parts is complete and the manufacturing process is nearing its end. Everyone at Case is eager to get our device in the hands of our customers who have patiently waited for their bitcoin wallets,” Case announced on its website. “Providing a secure, easy-to-use bitcoin experience around the world has been our mission from the beginning and we’re excited to finally deliver on that.” The Case team launched its hardware wallets at TechCrunch NY on June 24 and raised $1.5 million in an equity seed funding round led by FuturePerfect Ventures, participated in […]

The post Case Announces September 21 Shipping Date for Bitcoin Hardware Wallets appeared first on Bitcoin Magazine.

Posted on 27 August 2015 | 10:04 am

Leading Bitcoin Startups Integrate Vogogo’s Risk Management Platform

This week, Vogogo announced in its second-quarter financial statements that leading Bitcoin companies, including BitPay, ChangeTip, Genesis Global Trading and Zinger, have integrated Vogogo’s risk management/compliance products onto their platforms. Vogogo’s services include customer verification, anti-money laundering and counter-terrorism finance compliance reporting, payment and rules engine and fraud mitigation. Global bitcoin payment services provider BitPay has integrated Vogogo’s AML-CTF global compliance, which validates users against global watch lists and protects the platform from money laundering attempts with advanced analytics and decision-making technology. “We are seeing significant interest in our risk-management services and payment services from alternative markets,” said Vogogo CEO Geoff Gordon. “Capturing those opportunities will help us drive revenue while we continue to move forward with our plan to […]

The post Leading Bitcoin Startups Integrate Vogogo’s Risk Management Platform appeared first on Bitcoin Magazine.

Posted on 27 August 2015 | 9:15 am

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Princeton University and Coursera Launch Free Online Course on Bitcoin and Cryptocurrencies

A Princeton University free online course on “Bitcoin and Cryptocurrency Technologies” will be offered by Coursera beginning September 4, 2015. Coursera is an online education platform for Massive Open Online Courses (MOOCs), which partners with top universities and organizations worldwide, to offer courses online for anyone to take for free. MOOCs give anyone, anywhere, the possibility to acquire a world-class education.  Courses include video lectures, exercises and online interaction with teachers and other students. Some courses offer certification as well. The Princeton Bitcoin course will last six weeks, with the last lecture on November 1, 2015, but students also will be able to follow the video lectures after that date. That’s part of the appeal of MOOCs –students who prefer […]

The post Princeton University and Coursera Launch Free Online Course on Bitcoin and Cryptocurrencies appeared first on Bitcoin Magazine.

Posted on 27 August 2015 | 9:10 am

BTCChina Support Gives BIP 100 Bitcoin Hashrate Majority

BTCChina has backed Jeff Garzik's block size scaling solution, giving BIP 100 a majority of the network's hashing power.

Posted on 27 August 2015 | 7:03 am

BitFury Backs BIP 100 Blocksize Proposal

BitFury – the best-capitalised mining firm in bitcoin – has waded into the block size debate, stating it must be resolved by consensus.

Posted on 27 August 2015 | 6:14 am

Commonwealth Governments Urged to Regulate Bitcoin

Commonwealth governments should regulate bitcoin, according to the Commonwealth's Virtual Currencies Working Group.

Posted on 27 August 2015 | 5:20 am

Overstock's tØ Acquires Broker Firm for Wall Street Disruption

Overstock's crypto subsidiary tØ has acquired Wall Street firm SpeedRoute, a move CEO Joseph Cammarata termed a "quantum leap" for securities trading.

Posted on 27 August 2015 | 3:47 am

Tim Draper Speaks on Global Equity Turmoil: “I Expect People to Run to Bitcoin the Way They Do to Gold.”

It has been a rollercoaster of a ride for global equity investors over the past few days. Besides the month-long slide in the Chinese markets, the Dow plummeted from approximately 16,459 on August 21st to 15,446 on the 24th. When the going gets tough, investors have historically flocked toward assets that are considered safer, including cash, gold, and treasury bills. Often times, the asset of choice is gold because it is considered the greatest store of value. However, some think that Bitcoin might one day trump gold as a means of protecting against volatility. Tim Draper, founding partner of Draper Fisher Jurvetson, a prominent Silicon Valley venture capital fund, believes that bitcoin might one day be the preeminent store of […]

The post Tim Draper Speaks on Global Equity Turmoil: “I Expect People to Run to Bitcoin the Way They Do to Gold.” appeared first on Bitcoin Magazine.

Posted on 26 August 2015 | 3:20 pm

Litecoin Network Experiences First Mining Reward Decline

The reward miners will receive for processing transactions on the litecoin blockchain halved yesterday, dropping from 50 LTC to 25 LTC.

Posted on 26 August 2015 | 11:59 am

Bitcoin Interest Grows in India From Cross-Border Payments and Corporate Support

Tech giants including Microsoft and IBM have been supporting Bitcoin startups, conferences, accelerators and developers in India. The efforts of these companies are beginning to pay off, as India has seen a gradual increase in the number of developers and freelancers in the Bitcoin ecosystem. “There is lot of interest from freelancers in India who suddenly are now getting bitcoins from U.S.-based companies, and then they scramble to understand what is bitcoin,” Indian Bitcoin startup Blockonomics founder Shiva Sitamraju told Bitcoin Magazine. The increase of Indian freelancers’ and developers’ involvement with Bitcoin startups and organizations has created an efficient environment for local people to buy and purchase bitcoins instantly. “From publicly available sources that display data transparently, like LocalBitcoins and […]

The post Bitcoin Interest Grows in India From Cross-Border Payments and Corporate Support appeared first on Bitcoin Magazine.

Posted on 26 August 2015 | 11:11 am

Dark Market Agora Shuts Down Citing Security Threat

Agora has announced it will shut down temporarily while it explores defence mechanisms against attacks which could identify its servers and operators.

Posted on 26 August 2015 | 10:45 am

Mt Gox CEO Claims to be 'Victim' in Bitcoin Exchange Demise

Mark Karpeles, the former CEO of bankrupt bitcoin exchange Mt Gox, has denied claims he manipulated account balances while he was running the company.

Posted on 26 August 2015 | 8:10 am

Support Grows for BIP 100 Bitcoin Block Size Proposal

Support for BIP 100, the scalability fix from core developer Jeff Garzik, is growing as more miners pick sides in bitcoin's block size debate.

Posted on 26 August 2015 | 6:40 am

Bitcoin Micropayment Service Targets Global Freelancers

A new bitcoin micropayments tool has launched to take aim at the global freelance and on-demand services market.

Posted on 25 August 2015 | 4:12 pm

Major Magazine Publisher to Accept Bitcoin Payments

Posted on 18 December 2014 | 12:43 pm

Microsoft accepts Bitcoin

Posted on 11 December 2014 | 5:06 am

Mozilla accepting Bitcoin

Posted on 20 November 2014 | 1:55 pm

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

Bitcoincharts and SSL

Posted on 4 March 2014 | 2:21 pm

Mt.Gox Statement

Posted on 3 March 2014 | 3:44 am

August 29, 2015 -
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