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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

15-Year-Old 'Bitcoin Kid' Wants to Make Ethereum Easier - CoinDesk


CoinDesk

15-Year-Old 'Bitcoin Kid' Wants to Make Ethereum Easier
CoinDesk
He's "the bitcoin kid", a nickname that seems to have stuck even if it's origin story is less clear. "All my teachers know me as 'the bitcoin kid'. I told a few of my friends and it spread just because I'm really passionate. I'll wear bitcoin t-shirts ...

Posted on 31 August 2015 | 5:27 am

15-Year-Old 'Bitcoin Kid' Wants to Make Ethereum Easier

CoinDesk profiles Whit Jackson, the 15-year-old developer working to make Ethereum easier for developers.

Posted on 31 August 2015 | 5:15 am

Antminer S7: “Most Efficient and Powerful” Bitcoin Miner to Date - newsBTC


EconoTimes

Antminer S7: “Most Efficient and Powerful” Bitcoin Miner to Date
newsBTC
The launch of Antminer S7, the next generation bitcoin miner, was just announced by bitcoin mining ASIC provider Bitmain. According to the company, “this machine is not only our most efficient ever, using less than half the energy per gigahash of the ...
Bitmain Announces Launch of Next-Generation Antminer S7 Bitcoin MinerBitcoin Magazine
Bitmain announces launch of Antminer S7EconoTimes

all 3 news articles »

Posted on 31 August 2015 | 5:04 am

Interpol Creates Digital Currency To Fight Bitcoin Crimes - Forbes


Forbes

Interpol Creates Digital Currency To Fight Bitcoin Crimes
Forbes
In a world where everything is going digital, how can the police keep up to speed with crimes being committed online? Interpol's new international anti-cybercrime center in Singapore has created its own cryptocurrency in a bid to fight crime involving ...
Bitcoin News - Interpol Forms Cyber Crime Body to Fight Bitcoin CriminalsFxPips.com

all 2 news articles »

Posted on 31 August 2015 | 4:55 am

Bitcoin Block Size Debate: Who's Picking Sides? - CoinDesk


CoinDesk

Bitcoin Block Size Debate: Who's Picking Sides?
CoinDesk
As the block size debate rages on – given added fuel by the recent release of Bitcoin XT – stakeholders in bitcoin are picking sides on how the currency should scale. Whether it's an 8MB increase, or a dynamic limit chosen by the currency's mining ...

Posted on 31 August 2015 | 4:17 am

Bitcoin Block Size Debate: Who's Picking Sides?

Which companies are supporting BIP 100 or BIP 101? We've tracked down the answers.

Posted on 31 August 2015 | 4:09 am

How Virginia Teen Used Bitcoin to Support Terrorism; Judge Sentences Him to ... - CryptoCoinsNews


CryptoCoinsNews

How Virginia Teen Used Bitcoin to Support Terrorism; Judge Sentences Him to ...
CryptoCoinsNews
A Virginia teenager sentenced to more than 11 years in jail for supporting terrorism used bitcoin to instruct aspiring jihadists how to mask terrorist funding activities. U.S. District Judge Claude M. Hilton of the Eastern District of Virginia ...
Virginia teen sentenced to 11 Years for helping ISIL with BitcoinEconoTimes
US Teen sentenced for 11 years for running Pro-ISIS Twitter Account and BlogTechworm

all 15 news articles »

Posted on 31 August 2015 | 2:22 am

Bitcoin Price Technical Analysis for 31/8/2015 – Another Failed Attempt - newsBTC


newsBTC

Bitcoin Price Technical Analysis for 31/8/2015 – Another Failed Attempt
newsBTC
In the previous Bitcoin price technical analysis titled Indicators Turning Positive, we discussed that the market participants should remain short on the cryptocurrency. Since then, Bitcoin has touched a high of $235.93 and a low of $226.31 very recently.
Bitcoin Price Without a RudderCryptoCoinsNews

all 4 news articles »

Posted on 30 August 2015 | 9:41 pm

UK Banking Giant Barclays to Allow Charities to Accept Bitcoin

Barclays has revealed it will be pursuing a new partnership with an unnamed bitcoin exchange to help charities accept digital currency.

Posted on 30 August 2015 | 11:47 am

Gyft Co-Founder: Credit Card Spending Now Outpacing Bitcoin - CoinDesk


CoinDesk

Gyft Co-Founder: Credit Card Spending Now Outpacing Bitcoin
CoinDesk
When digital card platform Gyft first integrated bitcoin payments, they accounted for 90% of the company's sales, with PayPal and credit cards making up the remaining 10%, but this has all changed, according to the firm's co-founder and CEO Vinny Lingham.
Gyft Co-Founder speaks on bitcoin and blockchain technologyEconoTimes

all 2 news articles »

Posted on 30 August 2015 | 11:37 am

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Gyft Co-Founder: Credit Card Spending Now Outpacing Bitcoin

Vinny Lingham, Gyft co-founder and CEO, explains how bitcoin payments on his digital card platform have decreased.

Posted on 30 August 2015 | 8:00 am

Bitmain Announces Launch of Next-Generation Antminer S7 Bitcoin Miner

Bitmain, the Bitcoin mining ASIC provider, Sunday announced the release of its next-generation Bitcoin miner, the Antminer S7, using the recently announced BM1385 ASIC. The company argues that “this machine is not only our most efficient ever, using less than half the energy per gigahash of the S5, but it is also our most powerful miner to enter mass production.” It had released the S5+ in limited supply, which offers nearly 3,000 more GH/s than the announced S7. “It’s true that the S5+ had a greater overall hashrate, but the S7 squeezes more juice from a smaller, more power efficient package,” said Jake Smith, Bitmain’s head of North America, in an interview with Bitcoin Magazine. “When comparing hashrate to weight, […]

The post Bitmain Announces Launch of Next-Generation Antminer S7 Bitcoin Miner appeared first on Bitcoin Magazine.

Posted on 30 August 2015 | 7:08 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 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 of them enjoyed their experience with the Bitcoin ATM. […]

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

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

Bitcoin in the Headlines: Kingpins and Dark Markets

CoinDesk looks at the top headlines from the last week including prominent pieces from Rolling Stone and The New Yorker.

Posted on 28 August 2015 | 1:01 pm

CardCash Adds Bitcoin Payments for Gift Cards at Thousands of US Retail Stores

CardCash, an American online company that buys and sells discounted gift cards from thousands of national retailers, has begun to accept bitcoin payments. CardCash joins companies like Gyft and Fold that provide ways for Bitcoin users to interact with the massive gift card industry. “We saw that bitcoin was getting a lot of traction and growing in legitimacy,” CardCash CEO Elliot Bohm said in an interview with Bitcoin Magazine, “but it was slow in getting acceptance in popular brands.” He pointed out that while consumers could use bitcoin to shop at Overstock and Dell, they couldn’t spend their bitcoin at Macy’s, for example. “We can easily be the bridge,” said Bohm. “People can use bitcoin and save money at the same time.” […]

The post CardCash Adds Bitcoin Payments for Gift Cards at Thousands of US Retail Stores appeared first on Bitcoin Magazine.

Posted on 28 August 2015 | 9:28 am

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

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

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

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

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

Bitcoin Stock Scam Targets WhatsApp Users

A penny stock tied to a little-known bitcoin company and a slew of WhatsApp spam messages were at the heart of a pump-and-dump scheme last week.

Posted on 26 August 2015 | 3:06 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 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

August 31, 2015 -
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