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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

Bitcoin Consumer Fair to be Held in Atlanta

FOR IMMEDIATE RELEASE Bitcoin Consumer Fair to be Held in Atlanta Atlanta, GA (March 19, 2015) – The Loudermilk Conference Center in Atlanta is slated to host the 2015 Bitcoin Consumer Fair on the 18th of April. The event is geared toward both consumers and merchants who are interested in expanding the use of Bitcoin in the Atlanta area, as well as those interested in working on the business and technology side of Bitcoin. Bitcoin is a form of digital currency which employs encryption techniques to regulate generation of currency units and verify transfer of funds. Bitcoin is not associated with and operates independently from any central bank. “You can put a bank in your pocket. That’s pretty amazing,” said […]

The post Bitcoin Consumer Fair to be Held in Atlanta appeared first on Bitcoin Magazine.

Posted on 30 March 2015 | 3:39 pm

ShapeShift & Factom Partner for Release of Factoids

Starting tomorrow, potential users will be able to start buying Factoids, the currency that powers Factom, from Koinify. Factom is described as “a data layer for the blockchain” that will help businesses manage their data. To gain access to that Factom network, though, requires Factoids, a digital token designed specifically for the Factom network. Starting tomorrow, these new coins will be available for sale. However, they will not be dispersed until May 15th. This is where ShapeShift comes into play. ShapeShift allows for users to instantly convert from one cryptocurrency to the other. A user could trade their bitcoin instantly for litecoin or convert from dogecoin to Ripple. This ease of transferring from one currency to the other is the catalyst for this partnership. […]

The post ShapeShift & Factom Partner for Release of Factoids appeared first on Bitcoin Magazine.

Posted on 30 March 2015 | 3:32 pm

Australian Treasury: Bitcoin a Threat to Tax Collection

In a new report, the Australian government has cited bitcoin as a potential threat to its tax collection efforts.

Posted on 30 March 2015 | 2:26 pm

Bitcoin Value Nearing A Turning Point - CryptoCoinsNews


CryptoCoinsNews

Bitcoin Value Nearing A Turning Point
CryptoCoinsNews
Bitcoin value (price) is back above $240 (Bitfinex) / 1525 CNY (BTC-China) and completing what looks to be an ending diagonal in the 5-minute chart. Our expectation for a resumption of decline is now stretched to its outer limit and xbt.social analyzes ...
Bitcoin in China still chugging along, a year after clampdownNetwork World

all 14 news articles »

Posted on 30 March 2015 | 1:24 pm

Federal Agents Face Arrest for Alleged Silk Road Bitcoin Theft

Two undercover agents who contributed to the US government's efforts to take down Silk Road are expected to be arrested on Monday.

Posted on 30 March 2015 | 10:52 am

Bitcoin's first criminal goes to prison today - Fortune


Fortune

Bitcoin's first criminal goes to prison today
Fortune
In February, after a trial that lasted 13 days, Ross Ulbricht was convicted of running the online drug marketplace Silk Road, which utilized the digital currency bitcoin for its payments. The media coverage of the trial, and the final result, could be ...
Bitcoin's 'First Felon' Charlie Shrem Begins 2-Year SentenceCoinDesk
Bitcoin Entrepreneur Charlie Shrem Reports to PrisonWall Street Journal (blog)
Convicted bitcoin entrepreneur Charlie Shrem begins prison time with a tweetUpstart
Boing Boing -newsBTC
all 8 news articles »

Posted on 30 March 2015 | 9:23 am

Barclays CEO: The Banking Sector Has Not Yet Felt the Full Disruptive Force of Technology, but It Will

The Wall Street Journal reports that Wall Street is exploring innovative applications of digital currencies to mainstream banking and financial issues. The recent wave of Wall Street interest in Bitcoin technology is inspired by a growing appreciation of the inevitability of radical changes in the financial industry, which is long overdue for the kind of Internet-driven cost savings that have affected other industries. The emphasis is on efficiency and cost-effectiveness: Bitcoin technology could slash costs, cut settlement times and reduce default risks. The Journal mentions several recent digital fintech news items, including investment opportunities, announcements, acquisitions and appointments of high-profile financial professionals, reported by Bitcoin Magazine in the last few weeks. “It’s an opportunity for Wall Street to streamline some […]

The post Barclays CEO: The Banking Sector Has Not Yet Felt the Full Disruptive Force of Technology, but It Will appeared first on Bitcoin Magazine.

Posted on 30 March 2015 | 8:58 am

CoinDesk's Assumptions About the Bitcoin Community - Bitcoin Magazine


CoinDesk's Assumptions About the Bitcoin Community
Bitcoin Magazine
Editor's Note: In interest of full disclosure, CoinDesk is a competitor of Bitcoin Magazine. This article is a guest submission by Tom Hashemi, an experienced professional who has conducted market research for Shell, PayPal, Toyota, KPMG, and the ...

Posted on 30 March 2015 | 8:06 am

CoinDesk’s Assumptions About the Bitcoin Community

Editor’s Note: In interest of full disclosure, CoinDesk is a competitor of Bitcoin Magazine. This article is a guest submission by Tom Hashemi, an experienced professional who has conducted market research for Shell, PayPal, Toyota, KPMG, and the Digital Currency Council. The same observations he makes about CoinDesk’s representation of the entire Bitcoin community apply equally to Bitcoin Magazine. “Making assumptions simply means believing things are a certain way with little or no evidence that shows you are correct, and you can see at once how this can lead to terrible trouble.” – Lemony Snicket CoinDesk, one of the premier outlets for news and analysis on digital currencies, has made a request of its readers. Fill in this survey, they asked, and […]

The post CoinDesk’s Assumptions About the Bitcoin Community appeared first on Bitcoin Magazine.

Posted on 30 March 2015 | 8:05 am

Bitcoin's 'First Felon' Charlie Shrem Begins 2-Year Sentence

Bitcoin entrepreneur Charlie Shrem begins his stint in prison today, having been sentenced in December to two years behind bars.

Posted on 30 March 2015 | 6:57 am

Caribbean Bitcoin Exchange Launches Following $1.5 Million Raise - CoinDesk


Brave New Coin

Caribbean Bitcoin Exchange Launches Following $1.5 Million Raise
CoinDesk
Caribbean digital currency exchange Bitt has launched today, having secured $1.5m seed funding from local VC group Avatar Capital. The exchange, based in Barbados, is powered by AlphaPoint, an exchange technology platform provider that also offers its ...
Bitt Secures $1.5 Million To Service The Caribbean's UnderbankedCoinBuzz

all 4 news articles »

Posted on 30 March 2015 | 3:24 am

Caribbean Bitcoin Exchange Launches Following $1.5 Million Raise

Barbados-based startup Bitt is launching a digital currency exchange today, having secured $1.5 million in seed funding from Avatar Capital

Posted on 30 March 2015 | 3:23 am

Interest in Bitcoin Grows on Wall Street - Wall Street Journal (blog)


Wall Street Journal (blog)

Interest in Bitcoin Grows on Wall Street
Wall Street Journal (blog)
Corporate America is gradually warming to bitcoin. Amid a slew of deals involving prominent finance and tech companies lie signs that the U.S. business establishment is exploring innovative new enterprise uses for digital currencies. They are making ...
Bitcoin Goes MainstreamPYMNTS.com
Bitcoin for International Petroleum Trade?newsBTC
Book Review – The Age of Cryptocurrency: How Bitcoin and Digital Money are ...Somewhat Reasonable - Heartland Institute (blog)
CoinTelegraph -CryptoCoinsNews -Bitcoin Magazine
all 14 news articles »

Posted on 29 March 2015 | 3:46 pm

ProTip App Proposes Bitcoin Solution for Content Monetization

In an interview with CoinDesk, developer Chris Ellis discusses the ProTip project and how it hopes to solve past micropayments challenges.

Posted on 29 March 2015 | 12:40 pm

A brief history of bitcoin - and where it's going next - The Next Web


CoinTelegraph

A brief history of bitcoin - and where it's going next
The Next Web
Since 2008, bitcoin adoption has been influenced by a diverse range of factors that have made it one of the most volatile currencies in the world. Yet, despite such volatility, more than 100,000 bitcoin transactions are taking place per day and the ...
The Future of Bitcoin, Litecoin & Dogecoin (Op-Ed)CoinTelegraph
My Wallet LTD to Install BTC ATMs in London, Berlin and Other Capital Cities ...ForexMinute.com

all 5 news articles »

Posted on 29 March 2015 | 3:07 am

Houston Bitcoin Embassy Opens

Houston, we have a problem. We need more cutting edge tech entrepreneurs. Luckily there’s a new space in Houston, Texas, built just for that, provided by Cryptospaces, which is backed by bitcoin consulting company, FinalHash. Located at 6907 Almeda Rd., the Houston Bitcoin Embassy is an incubator/ coworking space dedicated to tech startups. There are also plans to install a bitcoin ATM in the facility by the end of April. The Embassy is home to the Texas Coinitiative, a non-profit organization that promotes the use of Bitcoin in Texas. The Coinitiative mission statement reads: “We believe that our growing community will help to shape progress in this field. Come network with traders, entrepreneurs and innovators working in one of the […]

The post Houston Bitcoin Embassy Opens appeared first on Bitcoin Magazine.

Posted on 28 March 2015 | 3:22 pm

Fred Wilson on the Proposed Bitlicense Regulations

VC Fred Wilson shares his thoughts on New York State's revised Bitlicense regulations and the impact they may have on companies in the sector.

Posted on 28 March 2015 | 8:00 am

Bitcoin in the Headlines: Wall Street Goes 'Nuts'

This week media coverage galvanized around positive stories reflecting the increasing interest of Wall Street in bitcoin technology.

Posted on 27 March 2015 | 1:05 pm

Bitrefill and Celery Make Bitcoin Remittances Easy: A Conversation With CEO Sergej Kotliar

Bitcoin airtime merchant, Bitrefill, has partnered with New York-based Bitcoin exchange Celery to enable bitcoin remittances of phone minutes to more than 100 countries – without the sender ever having to touch the digital currency. “The integration uses all of the benefits of Bitcoin but hides the complexities from the user, just uses Bitcoin as settlement rails,” said Celery CEO IIya Subkhankulov. The process does not require a user to buy bitcoin or handle the digital currency. Airtime purchases made from Celery’s exchange take the money straight from the person’s bank account, similar to the process of buying bitcoin. In addition, Bitrefill is eliminating fees for airtime remittances to India. The U.S.-India corridor contributes largely to the $70 billion worth […]

The post Bitrefill and Celery Make Bitcoin Remittances Easy: A Conversation With CEO Sergej Kotliar appeared first on Bitcoin Magazine.

Posted on 27 March 2015 | 11:19 am

Bitcoin's Blockchain Offers Safe Haven For Malware And Child Abuse, Warns ... - Forbes


Forbes

Bitcoin's Blockchain Offers Safe Haven For Malware And Child Abuse, Warns ...
Forbes
The blockchain, the public ledger of all Bitcoin transactions, has all kinds of good uses outside of providing stability for the world's most popular cryptocurrency, from decentralised data storage to super-flexible email. But it can also be put to ...
Bitcoin Technology Is A Dream Come True For CriminalsnewsBTC

all 7 news articles »

Posted on 27 March 2015 | 10:35 am

The Bitcoin Investment Trust (BIT) Goes Live with Ticker GBTC

A few weeks ago Bitcoin Magazine reported that the Bitcoin Investment Trust (BIT) was about to become the first publicly traded Bitcoin fund. On Thursday, the BIT received formal approval for listing on the OTC Markets Group’s OTCQX exchange. The fund is listed with the symbol GBTC, and trading is expected to begin early next week. Barry Silbert announced on Twitter that the BIT fund is live and waiting for eligible shareholders to deposit their shares and sell. The BIT is the first product from Silbert’s new Grayscale Investments, a digital-asset management firm being launched concurrently by his Digital Currency Group. The Wall Street Journal notes that the BIT is the latest addition to the growing number of bitcoin trading […]

The post The Bitcoin Investment Trust (BIT) Goes Live with Ticker GBTC appeared first on Bitcoin Magazine.

Posted on 27 March 2015 | 9:29 am

British Banking Association: Bitcoin is a Real Threat to Banks

As cryptocurrencies grow in popularity, they will continue to threaten revenue streams of the traditional banking system, according to a new report from the British Banking Association (BBA). A section of The Digital Disruption: UK Banking Report looks specifically at cryptocurrencies and the impact they have already had, and will continue to have, on people's […]

Posted on 27 March 2015 | 7:47 am

Bitcoin-to-Cash Service Bit2Me Cancels Fees to Stay Competitive

Bitcoin-to-cash service Bit2Me has cancelled its commission fees in a bid to remain competitive in the Spanish market.

Posted on 27 March 2015 | 5:19 am

Why a New SEC Ruling Could Be 'Revolutionary' for Bitcoin Crowdfunding

Attorney Jared Marx explores a recent SEC decision on crowdfunding - and the implications for startups.

Posted on 26 March 2015 | 3:18 pm

Swedish Bitcoin Firm Enters Court Battle to Protect Customer Data

A Swedish bitcoin brokerage has gone to court with the country’s tax authority to prevent an audit of its customer information.

Posted on 26 March 2015 | 12:20 pm

Neteller Adds Bitcoin Funding to Prepaid Mastercards

In a surprise move, e-wallet provider and payment processor Neteller quietly started to accept bitcoin deposits at zero fees. Neteller customers will now be able to top up their accounts by exchanging Bitcoin into one of the currencies offered by Neteller. Neteller, owned and operated by publicly traded British global payments company Optimal Payments PLC, is used by millions of consumers in more than 200 countries and especially popular in the foreign exhange and online gambling sectors. This announcement follows the entering into of an agreement between Optimal Payments and Bitcoin payment processor BitPay. “We recognize the important role that cryptocurrencies play in the future of payments,” said Optimal Payments President and CEO Joel Leonoff, “and we look forward to […]

The post Neteller Adds Bitcoin Funding to Prepaid Mastercards appeared first on Bitcoin Magazine.

Posted on 26 March 2015 | 11:15 am

Could the Bitcoin Lightning Network Solve Blockchain Scalability?

Could a decentralised system where off-blockchain bitcoin transactions are sent over a network of micropayment channels solve blockchain scalability?

Posted on 26 March 2015 | 10:16 am

Isle of Man Introduces Regulation for Bitcoin Businesses

Digital currency businesses will have to comply with the Isle of Man's anti-money-laundering laws from 1st April.

Posted on 26 March 2015 | 7:57 am

Hong Kong Official: Bitcoin Legislation Not Necessary

A senior Hong Kong official has said that the government does not see a need for legislation that would regulate bitcoin.

Posted on 25 March 2015 | 2:50 pm

First Plug-in Node Aims to Boost Bitcoin's Network Security

Bitseed has launched the first plug-in bitcoin node to encourage users to contribute to the bitcoin network, hassle-free.

Posted on 25 March 2015 | 10:36 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

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

March 31, 2015 -
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