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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

How the Crypto Community is Celebrating Bitcoin Pizza Day

CoinDesk has rounded up today's Bitcoin Pizza Day's celebrations from across the world.

Posted on 22 May 2015 | 11:09 am

Bitcoin-Based Investment Fund Added to IG - CoinDesk


Inside Bitcoins

Bitcoin-Based Investment Fund Added to IG
CoinDesk
The first fund to offer bitcoin investment as part of a bespoke portfolio has launched on global derivatives trading platform IG, the UK's largest forex provider. Launched in late 2014, funding platform Invest Your Way (IYW) will enable traders to ...
UK Investment Manager InvestYourWay Offers Bitcoin-based Investment FundInside Bitcoins

all 2 news articles »

Posted on 22 May 2015 | 10:57 am

Bitcoin-Based Investment Fund Added to IG

The first fund to offer bitcoin investment as part of a bespoke portfolio has launched on global derivatives trading platform IG.

Posted on 22 May 2015 | 10:40 am

Plug and Play Tech Center Hosts Retail and Fintech Expo for Startups

Bringing together more than 40 startup pitches on both the retail and fintech verticals at the consortium, the Plug and Play Tech Center Expo day included three keynotes from the founder of Plug and Play Tech Center Saeed Amidi, Managing Director of Citi Ventures Debra Brackeen and founder of the Lending Club Renaud Laplanche. Saeed Amidi started the day off with remarks summing up the mission of Plug and Play to bring together software for two industries and create a matchmaking haven where corporations could come to find solutions to their vexing technological problems, understand emerging markets and nurture and mentor the next generation of technological advancement. Debbie Brackeen was excited to describe Citi Ventures fund as a proving ground […]

The post Plug and Play Tech Center Hosts Retail and Fintech Expo for Startups appeared first on Bitcoin Magazine.

Posted on 22 May 2015 | 10:02 am

Happy Bitcoin Pizza Day! - TechCrunch


TechCrunch

Happy Bitcoin Pizza Day!
TechCrunch
Every May 22 cyphernerds around the world celebrate Bitcoin Pizza Day, the day when early bitcoin enthusiast and programmer Laszlo Hanyecz offered 10,000 bitcoins – about $25 at that time – for two Papa John's pizzas (pictured above). In 2010 he posted ...
Pizza A-Plenty On Bitcoin Pizza Day 5-Year AnniversaryCoinTelegraph

all 2 news articles »

Posted on 22 May 2015 | 9:54 am

5 Freelancers Who May Use Bitcoin-Powered Streamium to Cut Out Middlemen

The launch of Streamium was announced via Reddit yesterday. The new application from Manuel Aráoz and company was created to build a direct connection between video streamers and their viewers. Video streaming is dealt with on a peer-to-peer (P2P) basis via WebRTC, and payments for viewing a stream are made possible through the use of bitcoin and payment channels. A stream of small, off-chain payments are made to the broadcaster every second as the viewer continues to watch a stream, and all of those micropayments are then combined into one larger payment that is made via the bitcoin blockchain. The P2P nature of the Streamium platform has the potential to disrupt many different types of video streaming businesses currently found […]

The post 5 Freelancers Who May Use Bitcoin-Powered Streamium to Cut Out Middlemen appeared first on Bitcoin Magazine.

Posted on 22 May 2015 | 9:46 am

Bitfinex Hot Wallets Hacked, More Than 1,400 Bitcoin May Be Stolen

Hong Kong-based bitcoin exchange Bitfinex announced around 5 a.m. EDT today the startup’s hot wallets were compromised and some bitcoin were stolen. The exchange also advised its users to immediately stop depositing bitcoin to old addresses in their Bitfinex account. It is unclear how much has been lost in the hack, but according to a company statement, the hot wallets held only 0.05 percent of the exchange’s bitcoin holdings. Though still unconfirmed, Redditor gowithBTC followed a string of transactions on the blockchain to what he believes is Bitfinex’s hot wallet. If correct, it would put the amount of bitcoin lost in the hack just more than 1,400 or around 0.06 percent of the company’s total holdings. Bitfinex said that any […]

The post Bitfinex Hot Wallets Hacked, More Than 1,400 Bitcoin May Be Stolen appeared first on Bitcoin Magazine.

Posted on 22 May 2015 | 9:28 am

“Digital Gold” Tells Rich Tale Of Bitcoin's Past - PYMNTS.com


PYMNTS.com

“Digital Gold” Tells Rich Tale Of Bitcoin's Past
PYMNTS.com
Bitcoin has a rich history — much richer than the past few years of FinTech stories on the market might allude to; stories that have nothing to do with the “bitcoin baron,” a pirate and the Silk Road, or even Mt. Gox. But to understand how bitcoin has ...
Bitcoin's Booms and Busts: Where Are We Now?Bloomberg
Silicon Valley banks on Bitcoin as a way to overtake Wall StreetYahoo Finance
An Interview with the Bitcoin Book "Digital Gold" Author Nathaniel PopperCryptoCoinsNews

all 9 news articles »

Posted on 22 May 2015 | 5:33 am

BREAKING: Bitcoin Exchange BitFinex' Hot Wallet Hacked - CryptoCoinsNews


CryptoCoinsNews

BREAKING: Bitcoin Exchange BitFinex' Hot Wallet Hacked
CryptoCoinsNews
BitFinex has just been hacked. They lost their hot wallet to a malicious actor. However, due to security practices only a relatively minimal amount has been lost. BitFinex keeps over 99.5% of its customers deposits in secure multisig wallets, so only 0 ...
Bitfinex Hot Wallets Hacked, More Than 1400 Bitcoin May Be StolenBitcoin Magazine
Bitcoin Trading Platform Bitfinex Compromised, Issues WarningnewsBTC
Bitfinex Warns Customers to Halt Deposits After Suspected HackCoinDesk

all 5 news articles »

Posted on 22 May 2015 | 5:21 am

Bloomberg Report Points Finger at Hoarders for Bitcoin's Low Price - CoinTelegraph


CoinTelegraph

Bloomberg Report Points Finger at Hoarders for Bitcoin's Low Price
CoinTelegraph
'Bitcoin: What is the Future?' is no different, drawing on the expertise from a group of well-known names in cryptocurrency on issues ranging from regulation to price and value. Bitcoin's status as an investment and currency are debated separately ...
Bloomberg Special Report Highlights Current Trends and Issues in the Bitcoin ...Bitcoin Magazine

all 2 news articles »

Posted on 22 May 2015 | 3:57 am

Bitcoin Price Technical Analysis for 22/5/2015 – Roof Hit - newsBTC


Bitcoin Price Technical Analysis for 22/5/2015 – Roof Hit
newsBTC
Continuing with its upward price action, Bitcoin has hit the near-term ceiling and now awaits a positive trigger to breach through. Bitcoin has advanced from yesterday's $234.39 to the current $236.10. As the cryptocurrency hits a roadblock, it is only ...

Posted on 22 May 2015 | 1:07 am

BitcoinTalk Server Compromised During Social Engineering Attack

Popular digital currency forum BitcoinTalk has been taken offline following a social engineering attack that resulted in a server compromise.

Posted on 22 May 2015 | 12:21 am

Consensus 2015: Digital Gold and Wences Casares in the Spotlight

Hernán Botbol of Argentina's Taringa! social network is joining the Consensus 2015 lineup, which includes Nathaniel Popper and Wences Casares.

Posted on 21 May 2015 | 1:50 pm

When Goldman Sachs Began Flirting with Bitcoin - American Banker


American Banker

When Goldman Sachs Began Flirting with Bitcoin
American Banker
Sitting next to Walker were Barry Silbert, Bitcoin's biggest advocate in the New York financial community, and Chris Larsen, the chief executive of a San Francisco-based cryptocurrency startup, Ripple Labs. Most men in the room were wearing ties, but ...

Posted on 21 May 2015 | 12:09 pm

North Carolina House Seeks Oversight of Bitcoin Activities

A bill calling for specific regulation of digital currencies has been approved by the North Carolina House of Representatives.

Posted on 21 May 2015 | 12:01 pm

Gem Partners with Elliptic for Insured Storage of the Third Key

Elliptic and Gem have announced a new partnership today that will involve Elliptic acting as a trusted and independent third party for the purposes of securely storing the third (backup) private key used on the Gem platform. In the past, multisig wallet users have been in control of their own backup private keys, but this new offering from Gem and Elliptic could offer a higher level of security for individuals who do not wish to take care of their own backup solutions. Up to this point, Elliptic has been an insured bitcoin storage provider for a variety of banks and exchanges who need to protect their private keys, so choosing them as the custodians of backup keys for multisig wallets […]

The post Gem Partners with Elliptic for Insured Storage of the Third Key appeared first on Bitcoin Magazine.

Posted on 21 May 2015 | 11:37 am

Bitcoin Firm Coinapult Opens to US Market

Coinapult will be tackling the US market following a services integration with Crypto Capital, a licensed money transmitter.

Posted on 21 May 2015 | 11:02 am

Mintsy Launches Cloud Mining Service with Cryptographic Proof-of-Hashrate

Mintsy recently announced a launch of its new cloud mining service as the first digital currency cloud mining company to use proof-of-reserves, accomplished through cryptographic proof-of-hashrate. Bitcoin Magazine sat down with Marshall Long, who is the CTO of Cryptsy, and more recently CTO and board member at Mintsy, to discuss what he says is unprecedented innovation in the realm of cloud mining. Mintsy provides users with malleable contracts, which assuages any worries on being locked into a contract they no longer need. Long says users are “able to sell their remaining contract time on the Mintsy marketplace where other folks may want a shorter contract and can bid on contracts that are up for sale by the user.” Mining the […]

The post Mintsy Launches Cloud Mining Service with Cryptographic Proof-of-Hashrate appeared first on Bitcoin Magazine.

Posted on 21 May 2015 | 10:26 am

Meet Ether, The Bitcoin&Like Cryptocurrency That Could Power The Internet Of ... - Fast Company


Fast Company

Meet Ether, The Bitcoin&Like Cryptocurrency That Could Power The Internet Of ...
Fast Company
At CES this past January, IBM researcher Veena Pureswaran described the company's joint plan with Samsung to get home appliances to exchange cryptocurrency with one another. The currency, called Ether, is similar to Bitcoin, except that the traded ...

Posted on 21 May 2015 | 4:03 am

Elliptic Strikes Multisig Key Custodian Deal With Gem

UK-based digital assets service provider Elliptic has partnered with Gem to offer a custodian service for the private keys of multisig wallets.

Posted on 21 May 2015 | 1:00 am

Internet Security Pioneer Unveils Project at Blockchain University

A project led by a pioneering developer of an e-commerce security protocol was among the standouts at Blockchain University's second demo day.

Posted on 20 May 2015 | 3:45 pm

Thai Police Seek Answers in Alleged Digital Currency Ponzi Scheme

Police in Thailand have raided 13 rooms at a Bangkok apartment complex in connection with alleged digital currency ponzi scheme Ufun.

Posted on 20 May 2015 | 2:51 pm

Report: Lawsky to Consult on Digital Currencies After Leaving NYDFS

A new report suggests Benjamin M Lawsky will seek to advise clients on matters relating to digital currency when he leaves office in late June.

Posted on 20 May 2015 | 2:15 pm

Nxt: The Original Bitcoin 2.0 Platform With Smart Contracts, Decentralized Crowdfunding, Open Source and 18 Months of Development

Bitcoin Press Release: With over 18 months of development, The non-profit Nxt Foundation is pleased to announce many disruptive business and financial applications of Nxt’s blockchain technology: including trustless smart contracts, decentralized crowdfunding, a strong open source ethos and more. Nxt is different. While there are many players in the cryptocurrency 2.0 field, Nxt has several key elements that set it apart from the others. First and foremost, Nxt is a self-sufficient system. Many other projects depend on a blockchain implemented and maintained by an external party, usually Bitcoin. Nxt is a complete and self-contained system in itself. As any business owner knows, being dependent on a third party for an essential part of their business model introduces unnecessary risk. […]

The post Nxt: The Original Bitcoin 2.0 Platform With Smart Contracts, Decentralized Crowdfunding, Open Source and 18 Months of Development appeared first on Bitcoin Magazine.

Posted on 20 May 2015 | 1:52 pm

Citi: UK Government Should Create Own Digital Currency

Citi has told the UK government it should consider creating its own digital currency, a newly obtained document has revealed.

Posted on 20 May 2015 | 11:31 am

Blockchain Firm Denies 'Conflict of Interest' for Advisor Yanis Varoufakis

Tembusu Systems denies Greek finance minister Yanis Varoufakis' role as its advisor represents a "conflict of interest" for the politician.

Posted on 20 May 2015 | 4:40 am

Bitcoin Lending Platform Bitbond Raises €600,000 in Funding

Peer-to-peer bitcoin lending company Bitbond has closed a €600,000 angel investment round, raising its total funding to €800,000. The company, which launched in June 2013, received funds from its seed investor, Point Nine Capital and business angels, including Christian Vollmann, an early investor in ResearchGate. Radoslav Albrecht, founder and CEO at BitBond, said: "The additional resources will help us […]

Posted on 20 May 2015 | 3:09 am

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Overstock Invests in Broker-Dealer Ahead of Decentralised Stock Market Launch

Overstock has purchased a stake in broker Pro Securities, on whose electronic system a new suggests its decentralized stock market has been built.

Posted on 19 May 2015 | 3:15 pm

Charlie Shrem and the Ups and Downs of BitInstant

This excerpt from Nathaniel Popper's book 'Digital Gold' looks at the ups and downs of bitcoin exchange BitInstant before its ultimate demise.

Posted on 19 May 2015 | 11:34 am

New York Stock Exchange Launches Bitcoin Price Index

The New York Stock Exchange (NYSE) has announced the launch of a bitcoin price index (NYXBT).

Posted on 19 May 2015 | 8:08 am

Darkwallet and Armory Come Top in Bitcoin Wallet Privacy Study

Bitcoin wallet providers Darkwallet and Armory are among the strongest on matters of financial privacy, according to a new study.

Posted on 19 May 2015 | 4:04 am

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

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 22, 2015 -
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