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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

Silk Road Operator Ross Ulbricht Sentenced to Life in Prison

Ross Ulbricht has been sentenced to life in prison for the operation of Silk Road, the now-defunct online dark market.

Posted on 29 May 2015 | 2:03 pm

Bitcoin Casino Bitstarz Partners With iGaming Software Provider FENgaming

Bitstarz.com has partnered up with established gaming company FENgaming, allowing Bitstarz to include popular NetEnt games in their offerings. Bitstarz.com now offers more than 550 casino games, instantaneous transfers and no fees for Bitcoin players. Bitstarz.com is pleased to declare their co-operation with iGaming software supplier FENgaming. The new partnership empowers BitStarz to add NetEnt games currently popular on the European market to their portfolio. Bitstarz is now making their way to the top of the internet gaming industry with their vast range of games and their fiat and cryptocurrency payment system. Bitstarz.com offers huge stakes holding the Guinness World Record with the Mega Fortune jackpot of €17,800.000. With the new slots included, the online gambling platform now has more […]

The post Bitcoin Casino Bitstarz Partners With iGaming Software Provider FENgaming appeared first on Bitcoin Magazine.

Posted on 29 May 2015 | 1:19 pm

Bitcoin Gets 'Slashdotted' and the Creation of Mt. Gox - Bitcoin Magazine


Bitcoin Gets 'Slashdotted' and the Creation of Mt. Gox
Bitcoin Magazine
Headphones on and an oversize can of MadCroc energy drink by his side, Martti sat at his dorm room desk, giddy. Slashdot, a go-to news site for computer geeks the world over, was going to post an article about Martti's pet project. Bitcoin, largely ...

Posted on 29 May 2015 | 11:24 am

Bitcoin Gets ‘Slashdotted’ and the Creation of Mt. Gox

From DIGITAL GOLD by Nathaniel Popper Headphones on and an oversize can of MadCroc energy drink by his side, Martti sat at his dorm room desk, giddy. Slashdot, a go-to news site for computer geeks the world over, was going to post an article about Martti’s pet project. Bitcoin, largely ignored over the last year, was on the verge of receiving global attention. The campaign to get Bitcoin real press coverage had begun a few weeks earlier, not long after Martti finished his three-month internship at Siemens. A new version of Bitcoin, version 0.3, was being prepared for release by Satoshi, and the regulars on the forum saw a perfect opportunity to get the word out. Martti agreed with a […]

The post Bitcoin Gets ‘Slashdotted’ and the Creation of Mt. Gox appeared first on Bitcoin Magazine.

Posted on 29 May 2015 | 11:23 am

Koinify to Stop Token Sales Ahead of Platform Pivot

Koinify has announced that it will pivot away from offering a token sales platform for decentralised applications, citing a lack of returns.

Posted on 29 May 2015 | 10:40 am

Why Has Bitcoin Price Not Been Moving? - CryptoCoinsNews


CryptoCoinsNews

Why Has Bitcoin Price Not Been Moving?
CryptoCoinsNews
BTC-China was leading a decline of today's price wave to the downside. The decline reversed at $235.02 (Bitfinex) and 1460 CNY (BTC-Cina). Technical analysis looks at the prospects for the coming days, and we examine the lull in Bitcoin price movement ...
Bitcoin Price Technical Analysis for 29/5/2015 – Hitting the ResistancenewsBTC

all 2 news articles »

Posted on 29 May 2015 | 10:13 am

Blockstream Starts Development on the Lightning Network

The authors of the much-discussed Bitcoin Sidechains paper “Enabling Blockchain Innovations with Pegged Sidechains,” released in October, have formed the company Blockstream to develop new ways to accelerate innovation in digital currencies, open assets and smart contracts. In November, Blockstream closed a $21 million seed funding round with nearly 40 investors, including well-known pioneers of the Internet and financial services sectors. The Bitcoin Sidechains paper envisages an ecosystem of “sidechains” separate from the main Bitcoin blockchain but interoperable with it. A sidechain can carry bitcoin as currency, in which case users will be able to seamlessly transfer bitcoin between the sidechain and the main blockchain. At the same time, the sidechain can implement changes from Bitcoin Core. For example, a […]

The post Blockstream Starts Development on the Lightning Network appeared first on Bitcoin Magazine.

Posted on 29 May 2015 | 9:35 am

Bitcoin in the Headlines: A Clash of Economics

Despite featuring its fair share of salacious material this week's news cycle was more mature in its assessment of bitcoin as a financial technology.

Posted on 29 May 2015 | 9:26 am

Two Bitcoin Companies Make the Fox Business List of 30 Hot Fintech Startups - Bitcoin Magazine


Two Bitcoin Companies Make the Fox Business List of 30 Hot Fintech Startups
Bitcoin Magazine
Fox Business published a list of 30 top fintech startups to watch in the Bay Area. The list includes two Bitcoin companies that offer simple and effective solutions for important real-world problems. BTCjam allows users to invest their bitcoin and earn ...

Posted on 29 May 2015 | 9:26 am

Two Bitcoin Companies Make the Fox Business List of 30 Hot Fintech Startups

Fox Business published a list of 30 top fintech startups to watch in the Bay Area. The list includes two Bitcoin companies that offer simple and effective solutions for important real-world problems. BTCjam allows users to invest their bitcoin and earn a high rate of return. This process is secure and allows investors to participate in peer-to-peer lending. BTCjam is also a great place for those seeking loans, and especially for the residents of developing countries without a national credit scoring system who are subject to aggressive predatory lending practices when they need to borrow money from traditional lenders. Using cryptocurrencies such as bitcoin, and tapping foreign lenders, helps BTCjam avoid regulatory issues, TechCrunch reported in 2014. “We are one […]

The post Two Bitcoin Companies Make the Fox Business List of 30 Hot Fintech Startups appeared first on Bitcoin Magazine.

Posted on 29 May 2015 | 9:25 am

It's not too late to get into Bitcoin, insists Bitcoin Jesus - Wired.co.uk


Wired.co.uk

It's not too late to get into Bitcoin, insists Bitcoin Jesus
Wired.co.uk
There is a myth in certain circles that it is too late to get into , that if you didn't buy in early then you missed the boat. Not so, says Roger Ver, who is also known as Bitcoin Jesus. It feels like a lot has happened to Bitcoin during its short ...

Posted on 29 May 2015 | 8:59 am

Still Don't Understand Bitcoin? This Concept Art Will Help - Forbes


Forbes

Still Don't Understand Bitcoin? This Concept Art Will Help
Forbes
Foamspace is the Monopoly of bitcoin. Participants learn about bitcoin through a simplified, fun version of the currency. But where Monopoly is competitive, Foamspace is communal. And at the end of the game, the play money becomes a real investment fund.

Posted on 29 May 2015 | 7:01 am

News in Brief - CoinDesk


News in Brief
CoinDesk
The two-day event, which showcases the tech giant's latest products, featured Circle's app in its best-in-class category, which "recognises excellence in applying material design in the creation of engaging user experiences". As the only bitcoin or ...

Posted on 29 May 2015 | 4:52 am

Circle's Bitcoin App Receives Honourable Mention at Google I/O

Circle's bitcoin Android app has received an honourable mention at Google's I/O Conference. The two-day event, which showcases the tech giant's latest products, featured Circle's app in its best-in-class category, which "recognises excellence in applying material design in the creation of engaging user experiences". As the only bitcoin or financial application showcased, Circle's offering was featured […]

Posted on 29 May 2015 | 4:36 am

Australia's Commonwealth Bank Latest to Experiment With Ripple

Australia's Commonwealth Bank announced it would use Ripple technology at its subsidiaries, with a view to incorporating digital currencies in future.

Posted on 29 May 2015 | 2:53 am

Pinn Wins Top Prize for Hands-Free Bitcoin Payments App - CoinDesk


CoinDesk

Pinn Wins Top Prize for Hands-Free Bitcoin Payments App
CoinDesk
Payments startup Pinn placed first in the retail category at Plug and Play demo day last week for a unique point-of-sale (POS) solution that enables bitcoin and fiat payments without the need for a smartphone or wallet. The accelerator featured a ...

Posted on 29 May 2015 | 1:49 am

Silk Road Operator Ross Ulbricht to Be Sentenced Tomorrow

Convicted Silk Road operator Ross Ulbricht faces decades, if not life, in prison at a sentencing hearing tomorrow in New York.

Posted on 28 May 2015 | 3:36 pm

Dream Lover Now Lets You Pay Bitcoin for Virtual Romance

Users of virtual relationship service Dream Lover can now spend bitcoin to communicate with adult models.

Posted on 28 May 2015 | 2:45 pm

BTC-e Blames New US Policy for Wire Transfer Issues

European bitcoin exchange BTC-e is reportedly experiencing problems with US bank wires.

Posted on 28 May 2015 | 2:11 pm

Bitcoin's 'New Frontier' of Cybercrime Explored at Barcelona Event

Bitcoin attackers present "a new frontier" for cybercrime, a gathering of top security specialists heard in Barcelona this week.

Posted on 28 May 2015 | 1:50 pm

Is The Price Of Bitcoin Going To Bounce Back? - Forbes


Is The Price Of Bitcoin Going To Bounce Back?
Forbes
All of us who are interested in bitcoin follow the price in one way or another. It is, after all, a very clean and simple indicator of how bitcoin is doing. But given that the price of bitcoin is determined solely by supply and demand, and that the ...

Posted on 28 May 2015 | 11:30 am

Commonwealth Bank of Australia To Launch Ripple Payments Soon

The Commonwealth Bank of Australia (CBA) plans to begin using the Ripple network to settle payments between its subsidiaries soon. Commonwealth Bank chief information officer David Whiteing revealed the large bank’s interest in Ripple technology yesterday during a speech at an event hosted by the Australian Information Industry Association (AIIA). Technology news outlet CIO reported Whiteing said, “Bitcoin is a protocol which is now being replicated by non-asset based vendors like Ripple and others. We absolutely see that’s where it’s going to go. The bank has a role to play in that.” “As a result, we have done a whole bunch of experiments with it. We are about to launch using Ripple as a means to transfer payments between our […]

The post Commonwealth Bank of Australia To Launch Ripple Payments Soon appeared first on Bitcoin Magazine.

Posted on 28 May 2015 | 10:56 am

12charge.com Launches Worldwide Mobile Recharge With Bitcoin, Utility Bills Payments With Cryptocurrency, And More

Bitcoin Press Release: 12charge.com launches worldwide mobile recharge, utility bills payment, TV, Internet, Skype and more; aiming to “charge everything” with Bitcoin and other options, in just a few clicks. Accepting Cryptos Hong-Kong based company Sam Sien Trading Ltd recently launched startup 12charge.com. This global online recharge service allows users from 110+ countries to top up their mobile phones or buy airtime from over 450 providers and to pay utility bills, loans, TV, internet and other services in some of these countries with Bitcoin, cryptocurrency and other payment methods. Besides topping up cell phones and paying for utility bills, 12charge allows to recharge a variety of global services like IP telephony (VoIP) including Skype, travel sim cards top up, as […]

The post 12charge.com Launches Worldwide Mobile Recharge With Bitcoin, Utility Bills Payments With Cryptocurrency, And More appeared first on Bitcoin Magazine.

Posted on 28 May 2015 | 9:10 am

Barry Silbert: Western Union Will Be Crushed by Bitcoin (VIDEO) - Entrepreneur


Barry Silbert: Western Union Will Be Crushed by Bitcoin (VIDEO)
Entrepreneur
Financial service firms like Western Union and MoneyGram aren't far behind, according to noted Bitcoin advocate and investor Barry Silbert. “You should be able to move money and value instantaneously and it should basically be free,” Silbert told ...

and more »

Posted on 28 May 2015 | 9:08 am

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New Bill Could Mean Lower Taxes For Bitcoin Startups in New Jersey

A new bill by proposed by two New Jersey assemblymen could mean tax and regulatory breaks for digital currency companies operating in the state. According to The Star-Ledger, the bill would lessen burdens for cryptocurrency companies in an attempt to incentivize job creation in the state. Proposed by Assemblyman Rai Mukherji (D-Hudson) and Assemblyman Gordon Johnson (D-Bergen), the 30-page bill would create a regulatory framework for digital currency companies to operate within as well. The bill comes two months after New Jersey’s Assembly Financial Institutions and Insurance committee held a two hour hearing about Bitcoin. The New Jersey Treasury officially recognized the digital currency in April when it wrote that digital currency transactions were subject to sales tax and would […]

The post New Bill Could Mean Lower Taxes For Bitcoin Startups in New Jersey appeared first on Bitcoin Magazine.

Posted on 28 May 2015 | 8:53 am

BitStamp Launches Bitcoin Debit Card For EU Citizens

European Bitcoin exchange BitStamp launched a pre-paid debit card that can be loaded with bitcoin on Wednesday. According to the London-based exchange, the debit card is accepted at anywhere major credit and debit cards are accepted. The card’s balance can be denominated either in British pounds, euros or American dollars. The debit card has three stages of verification, each with its own spending limit. The most basic stage requires no know-your-customer verification and allows for €2,500 worth of transactions annually. Government ID, proof of residence, and a certified source of funds document is required for the highest annual spending limit, €125,000. Crypto Debit Card The debit cards can be ordered now. They are first received in a digital form that […]

The post BitStamp Launches Bitcoin Debit Card For EU Citizens appeared first on Bitcoin Magazine.

Posted on 28 May 2015 | 8:39 am

Lucy Liu Touts Blockchain Tech at Discussion on Branson's Island

Block Chain Summit, the exclusive bitcoin event held on Richard Branson's private island, has revealed a surprising advocate of blockchain technology. According to tweets from Necker Island, actress Lucy Liu – better known for her work in Hollywood blockbusters and Sherlock Holmes reboot Elementary – joined participants for a Skype discussion on how the blockchain could play a […]

Posted on 28 May 2015 | 4:56 am

Think Tank Reignites Debate Over Bitcoin Mining's Environmental Effects

An Australia-based sustainability think-tank has claimed that bitcoin could eventually consume 60% of annual global electricity production.

Posted on 27 May 2015 | 11:25 am

New Jersey Legislators Propose Tax Breaks for Bitcoin Businesses

Two New Jersey legislators have introduced a Digital Currency Jobs Creation Act that calls for tax breaks for bitcoin businesses.

Posted on 27 May 2015 | 9:44 am

Consensus 2015: DOJ's Kathryn Haun to Discuss Blockchain Analysis and Silk Road Case

Kathryn Haun, Digital Currency Crimes Coordinator at the US Department of Justice, will discuss blockchain and transparency at Consensus 2015.

Posted on 27 May 2015 | 4:28 am

Case Against Controversial Student Bitcoin Project Comes to Close

The New Jersey Division of Consumer Affairs has reached a settlement with the students behind controversial hackathon project Tidbit.

Posted on 26 May 2015 | 4:13 pm

Official 'Life on Bitcoin' Documentary Trailer Released

Nearly two years after initial filming began, the official trailer for the documentary "Life on Bitcoin" has been released.

Posted on 26 May 2015 | 3:02 pm

Bitcoin Center Opens in Brazil's Capital City

A new physical bitcoin center and brokerage has opened in Brasilia, the capital city of Brazil.

Posted on 26 May 2015 | 1:46 pm

Accenture: UK Government Should Regulate Bitcoin Wallets

The UK government should apply regulation to bitcoin wallets, multinational management consulting company Accenture has advised.

Posted on 26 May 2015 | 1:05 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

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

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

May 29, 2015 -
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