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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

ESPN: St Petersburg Bowl to Drop Bitcoin Branding

The 2015 edition of the St Petersburg Bowl is currently undergoing a branding change that may diminish the event's association with bitcoin.

Posted on 1 April 2015 | 3:45 pm

The Price of Bitcoin Is About to Get a Little Government Help - Nasdaq


Nasdaq

The Price of Bitcoin Is About to Get a Little Government Help
Nasdaq
It merely creates a council to study the feasibility of accepting Bitcoin. With regulatory treatment of the digital currency still up in the air, it's both surprising and encouraging that government at any level is looking seriously at adopting Bitcoin ...

and more »

Posted on 1 April 2015 | 1:42 pm

Feds Nabbed For Big Bitcoin Heist Involving Gox And Silk Road - TechCrunch


TechCrunch

Feds Nabbed For Big Bitcoin Heist Involving Gox And Silk Road
TechCrunch
New information in the Silk Road case is sending ripples of schadenfreude through the cryptocurrency community as it reacts to a foiled effort by two US Federal Agents to skim thousands of Bitcoin out of Silk Road and Mt. Gox coffers. According to a ...
BitBeat: The Wacky Details of a Bitcoin Theft Gone AwryWall Street Journal (blog)
5 other insane things a corrupt DEA agent did while allegedly stealing Bitcoin ...Fusion
DEA Agent was Also Working at Bitcoin Exchange, Allegedly Stole Customer ...Inside Bitcoins
NBCNews.com -CryptoCoinsNews -NewsFactor Network
all 69 news articles »

Posted on 1 April 2015 | 12:11 pm

Bitcoin Advocates Back Petition for BitLicense Safe Harbor Provision

More than 70 digital currency industry businesses and execs are backing a petition meant to ease onerous components of New York's BitLicense.

Posted on 1 April 2015 | 12:10 pm

For bitcoin, 'golden moment' or fool's gold? - CNBC


CNBC

For bitcoin, 'golden moment' or fool's gold?
CNBC
It's been called "bitcoin's golden moment," and some see it as the start of the financial trend of the future. The Bitcoin Investment Trust (BIT) is just about ready for public trading. The fund, whose share price would be about one-tenth of one ...

Posted on 1 April 2015 | 12:06 pm

Bill and Melinda Gates Foundation Keeps Its Options Open on Bitcoin

Being one of the richest couples in the world has allowed Bill and Melinda Gates the freedom to help alleviate world poverty in the ways that they think work best. In their view, shifting financial payments for the world’s poorest from cash to digital, can only make their lives easier and help bring them into the formal economy. According to its 2013 annual report, the Gates Foundation distributed almost $1.8 billion in funding in the 2013 calendar year to global development programs, with 5 percent, approximately $90 million, going to the Financial Services for the Poor program. Rodger Voorhies, director of Financial Services for the Poor recently appeared as a witness before the Senate of Canada’s Committee on Banking, Trade and Commerce to talk […]

The post Bill and Melinda Gates Foundation Keeps Its Options Open on Bitcoin appeared first on Bitcoin Magazine.

Posted on 1 April 2015 | 11:23 am

CoinDesk Launches Moon Bureau

Taking advice from r/bitcoin’s best-loved mascot, ToTheMoonGuy, CoinDesk is shutting down its operations on planet earth today.

Posted on 1 April 2015 | 10:20 am

Martin Tillier Asks “Could Bitcoin Destroy the Global Banking System?”

On the Nasdaq website, Martin Tillier asks, “Could Bitcoin Destroy the Global Banking System?” Tillier imagines a possible “Kodak moment” for the whole banking industry. In the early days of mobile phones, only a few enthusiasts dared to imagine that camera-equipped phones could ever threaten established camera manufacturers, but Kodak was forced to declare bankruptcy only a few years later, in 2012. Tillier’s answer is that yes, Bitcoin could seriously hurt the banking system. The reason is very simple: “Banks are so used to taking a cut every time money changes hands that they cannot imagine life without that particular revenue stream.” Transaction fees are only a small part of banks’ revenue, and therefore banks could survive without that particular […]

The post Martin Tillier Asks “Could Bitcoin Destroy the Global Banking System?” appeared first on Bitcoin Magazine.

Posted on 1 April 2015 | 9:08 am

Converging Virtual Reality and Blockchain Technology

Commentary by Mark Rees. Why Virtual Reality is different this time: The celebrated release in January of the Samsung Gear VR, co-created by Oculus, set into motion an official paradigm change. Mark Andreesen’s early investment in the virtual-reality maker already is bearing fruit as the hot item is flying off shelves. And a newer,slightly improved version being slated for the release of the Samsung Galaxy 6 beginning in April. Virtual reality is not just about games anymore. By some accounts, the hottest ticket at last month’s annual Sundance Film Festival in Park City, Utah was to the Oculus Virtual World Simulator demonstration. Some are convinced it is the future of filmmaking. Several Hollywood studios are actively exploring and creating content […]

The post Converging Virtual Reality and Blockchain Technology appeared first on Bitcoin Magazine.

Posted on 1 April 2015 | 8:48 am

Rakuten Announces Multi-sig Escrow Support and $30 Bitcoin Discount - Inside Bitcoins


Inside Bitcoins

Rakuten Announces Multi-sig Escrow Support and $30 Bitcoin Discount
Inside Bitcoins
Rakuten, the largest online retailer in Japan, recently announced their intention to accept bitcoin as a means of payment. Well, the wait is over and shoppers can purchase goods on the US version of the Rakuten website via bitcoin starting today. This ...
Retail Giant Rakuten.com Now Accepting Bitcoin via BitnetCryptoCoinsNews

all 7 news articles »

Posted on 1 April 2015 | 7:31 am

Share and Get bitcoin: - CoinTelegraph


CoinTelegraph

Share and Get bitcoin:
CoinTelegraph
With bitcoin's price volatility causing a lot of cryptocurrency start-ups to pivot, the world's leading bitcoin processor BitPay has already jumped the gun ahead of its competitors and launched a new and controversial move into the bitcoin mining space.

Posted on 1 April 2015 | 6:03 am

Yanis Varoufakis: “Greece Will Adopt the Bitcoin If Eurogroup Doesn't Give Us ... - Greek Reporter


Greek Reporter

Yanis Varoufakis: “Greece Will Adopt the Bitcoin If Eurogroup Doesn't Give Us ...
Greek Reporter
The second top thinker in the world according to prospect magazine surprised even his closest aides at a secret meeting when he said “We 've had enough, we 'll run on Bitcoin.” Sources very closed to Greece's minister of finance told Greek Reporter ...
Bitcoin News April 1 - Greek PM May Adopt Bitcoin as Last Resort as Aussie ...FxPips.com

all 3 news articles »

Posted on 1 April 2015 | 3:34 am

Exclusive: Silk Road Agent Gave Bitcoin Tax Advice Prior to Arrest

In a revealing 2014 interview, DEA agent Carl Force discussed his interests in bitcoin as a part-time public accountant.

Posted on 31 March 2015 | 11:50 am

Many Bitcoin Companies Compete In Semifinals of the SWIFT Innotribe Startup Challenge

Bitcoin companies who are part of this year’s Innotribe Startup challenge, a contest run by the international payment network SWIFT, have the opportunity to partner with and be mentored by some of the world’s most prestigious financial institutions. “What really sets the Innotribe program apart is the coaching we give the startups in how to engage the more established financial services providers,” said Mike Sigal, Innotribe’s lead coach. “There’s a chasm between how startups and banks practice innovation, and helping our startups understand how to communicate their value propositions to SWIFT’s community helps banks quickly evaluate new technologies and models, and helps our startups identify appropriate partners and investors.” Since its inception in 2014, the Innotribe Startup challenge has provided […]

The post Many Bitcoin Companies Compete In Semifinals of the SWIFT Innotribe Startup Challenge appeared first on Bitcoin Magazine.

Posted on 31 March 2015 | 9:48 am

Three Methods for Simple Bitcoin Business Accounting

This is a guest post from Digital Currency Council Member Marty Zigman. Recently, I gave a webcast presentation to AICPA members to help accounting professionals understand Bitcoin and how to treat it on the general ledger. If you are an AICPA member, the webcast is available for your viewing. In this article, the key points from that presentation are outlined and will help accountants fundamentally understand and approach business based Bitcoin transactions. Bitcoin and General Ledger Treatment There are three key processes that ultimately produce different accounting practices and general ledger treatment when Bitcoin is involved. These three processes coincide with Bitcoin’s adoption phases as follows: Payment Method Foreign Currency Base Currency Bitcoin as a type of “Payment Method” Within […]

The post Three Methods for Simple Bitcoin Business Accounting appeared first on Bitcoin Magazine.

Posted on 31 March 2015 | 9:28 am

Sidekik: A Blockchain Backed App that Intends To End Police Brutality

The Sidekik app, which is accepting bitcoin in its crowdfunding campaign, is intended to bring real-time accountability to law enforcement by streaming video and audio of encounters with police to Maidsafe. The goal is to protect the integrity of evidence. The app, which began its second stage of crowdfunding March 9, will do far more than just video and audio streaming. An army of attorneys is being built who will compete to be your representative if you happen to need them during an encounter with police. Sidekik seeks to connect attorneys with potential clients when they need legal representation the most. The Sidekik team says there is an inherent power imbalance between law enforcement and civilians during these encounters, as […]

The post Sidekik: A Blockchain Backed App that Intends To End Police Brutality appeared first on Bitcoin Magazine.

Posted on 31 March 2015 | 9:09 am

DEC_TECH Toronto with Keynote Speaker Andreas Antonopoulos: This Week on Decentral.tv

All this week, decentral.tv will be airing segments from the first Decentralized Technology (DEC_TECH) event held at MaRS Discovery District in Toronto, presented by Decentral. Held on March 17, 2015, the event drew a crowd of over 300 digital currency enthusiasts. Monday’s segment begins with opening remarks from host Anthony Di Iorio of Decentral and Adam Nanjee of MaRS. A series of presentations follows, beginning with Gerald Cotten, CEO of QuadrigaCX. QuadrigaCX is a Canadian exchange that recently became the first publicly traded bitcoin exchange in the world. Henry Chan, business technology analyst from Deloitte, then speaks about the value and the potential of the blockchain, followed by Mat Cybula of Cryptiv, who talks about how tipping can act as […]

The post DEC_TECH Toronto with Keynote Speaker Andreas Antonopoulos: This Week on Decentral.tv appeared first on Bitcoin Magazine.

Posted on 31 March 2015 | 8:28 am

Only 2.3% of Americans in Survey Trust Bitcoin Transfers Overseas

Only 2.3% of Americans would trust bitcoin to send funds overseas in an emergency, according to a new survey by the Digital Currency Council. By contrast, 30.3% of the 750 "regular Americans" sampled would trust their banks to make international transfers. 23% of the people surveyed said that they would use Western Union, whilst 22% […]

Posted on 31 March 2015 | 5:56 am

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

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

Financial Watchdog Rethinks AML Guidance for Banks and Bitcoin

The Financial Action Task Force (FATF) has taken note of the issues hindering partnerships between bitcoin businesses and banks.

Posted on 30 March 2015 | 9:01 am

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

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

Secret Service Agent: Digital Currencies Fueling Cybercrime

A special agent with the US Secret Service spoke out against bitcoin this week, arguing its primary use case is in illicit transactions.

Posted on 27 March 2015 | 4:15 pm

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

Microsoft accepts Bitcoin

Posted on 11 December 2014 | 5:06 am

Mozilla accepting Bitcoin

Posted on 20 November 2014 | 1:55 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-Qt v0.9.0rc3 released

Posted on 13 March 2014 | 3:21 am

Mt.Gox Statement

Posted on 3 March 2014 | 3:44 am

April 2, 2015 -
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