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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

Old Pirate Bay to Reward Contributors with $100,000 in Bitcoin

A torrent site has announced plans to hand out $100,000-worth of rewards in bitcoin for those assisting its development.

Posted on 27 January 2015 | 7:13 am

Students to Receive Free Bitcoin in McGill University 'Airdrop'

Six hundred students at Canada's McGill University are set to receive 30 mBTC ($7) each as part of a joint initiative to promote bitcoin adoption. The event, launched by the McGill Cryptocurrency Club and Montreal's Bitcoin Embassy, is due to take place in the spring and is seeking donations from the public that will be held in a […]

Posted on 27 January 2015 | 4:51 am

Winklevoss twins: Bitcoin will explode beyond $1 trillion - CNNMoney


Reuters

Winklevoss twins: Bitcoin will explode beyond $1 trillion
CNNMoney
They believe Bitcoin could one day morph into a gold-like asset class -- or even surpass it. "If Bitcoin is a better gold or seen as a type of gold-like asset, then it could be in the trillions on a market cap," Tyler Winklevoss told CNNMoney. "We do ...
Winklevoss twins expect first quarter debut of bitcoin exchangeReuters
Winklevoss twins pitch their bitcoin ETF to gold bugsMarketWatch
Winklevoss twins seek to create regulated bitcoin exchangeSFGate
Mashable
all 110 news articles »

Posted on 27 January 2015 | 4:21 am

Hong Kong Exchange ANX Chases US Market with CoinMKT Acquisition

Hong Kong-based bitcoin exchange ANX has commenced a push into the US market with its acquisition of the domain name and brand rights to CoinMKT.com. The CoinMKT exchange, founded by Travis Skweres and Ola Ajayi in Santa Monica, California, will continue to operate as usual, under the ANX umbrella and using ANX technology. The founders will be helping […]

Posted on 27 January 2015 | 2:31 am

Bitcoin Ransomware Now Spreading via Spam Campaigns - CoinDesk


Bitcoin Ransomware Now Spreading via Spam Campaigns
CoinDesk
Security firms McAfee Labs and Symantec have issued warnings that a type of bitcoin-demanding ransomware, CTB-Locker, is now being propagated through spam campaigns. The malware, the name of which stands for 'Curve Tor Bitcoin Locker', was first ...
Bitcoin Ransomware CTB-Locker on the Loose; Watch Your Spam FoldersnewsBTC

all 5 news articles »

Posted on 26 January 2015 | 2:40 pm

Volatility, Deflation and Manipulation: A Response to Bitcoin's Critics

Criticisms from bitcoin pundits in the press almost always boil down to a few common misconceptions, argues Jon Matonis.

Posted on 26 January 2015 | 2:05 pm

Coinbase Opens First Licensed Bitcoin Exchange in the US - Wired


Coinbase Opens First Licensed Bitcoin Exchange in the US
Wired
Coinbase already offered what amounted to an online bitcoin exchange, a service that let you trade the digital currency for dollars and other fiat currencies. But the new Coinbase Exchange represents a much wider effort to bring added legitimacy to ...

Posted on 26 January 2015 | 1:17 pm

The First US Bitcoin Exchange Is Now Open - TIME


TIME

The First US Bitcoin Exchange Is Now Open
TIME
Coinbase, a startup backed by $106 million in investor funding, has opened the first bitcoin exchange inside U.S. borders, the Wall Street Journal reports. The new venture is to the first to let users buy and sell bitcoin with a company based in the ...
First US bitcoin exchange opens for businessUSA TODAY
Bitcoin is done with its 'tumultuous teen' yearsCNBC
Despite decline, bitcoin fans keep the faithBoston Globe
CNNMoney -PCWorld
all 189 news articles »

Posted on 26 January 2015 | 12:31 pm

Virtual Currencies Hit the World Stage: Bitcoin’s Ever-Evolving Legal Status

Congratulations, virtual currency world—New York wants to expressly regulate you! That’s how important Bitcoin and other digital currencies have become in recent years. And as we know, what happens in New York’s financial world often has implications for the wider world. All the recent attention New York has paid to virtual currency is raising many important legal questions, with potentially profound implications. This article will offer a brief survey of just some of them. A Cryptic History of Money Bitcoin is the latest and best known in a long line of digital currencies. The basic premise of digital currencies is that they try to establish a medium of exchange based on immutable mathematics, thus putting the currency beyond the control […]

The post Virtual Currencies Hit the World Stage: Bitcoin’s Ever-Evolving Legal Status appeared first on Bitcoin Magazine.

Posted on 26 January 2015 | 11:08 am

Bitcoin Ransomware Now Spreading via Spam Campaigns

Security firms McAfee and Symantec have issued warnings on CTB-Locker – bitcoin-demanding ransomware that is now being propagated via spam.

Posted on 26 January 2015 | 10:36 am

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Coinbase Is Opening The First Regulated Bitcoin Exchange In The U.S. - TechCrunch


TechCrunch

Coinbase Is Opening The First Regulated Bitcoin Exchange In The U.S.
TechCrunch
Fresh from scoring a massive $75 million funding round, bitcoin payment firm Coinbase has revealed that it will open the first regulated bitcoin exchange in the U.S. on Monday. The company, which added the New York Stock Exchange and USAA to its list ...

Posted on 26 January 2015 | 9:59 am

UK Bank Closes Safello Accounts 6 Weeks After Entering Partnership

Only six weeks after bitcoin exchange Safello announced local deposit options for UK customers, the firm's banking partner is closing its accounts.

Posted on 26 January 2015 | 9:44 am

Coinbase, first regulated US bitcoin exchange, opens - New York Post


New York Post

Coinbase, first regulated US bitcoin exchange, opens
New York Post
Bitcoin, the cybercurrency beset by controversy and wild swings in its value, got a huge boost on Monday when the first regulated US exchange opened. The exchange, San Francisco-based Coinbase, is licensed to do business in 25 states — including New ...

Posted on 26 January 2015 | 9:32 am

Coinbase's US Bitcoin Exchange Opens Doors to Traders

Coinbase's much-anticipated US exchange is now live to consumers in 24 US states.

Posted on 26 January 2015 | 8:36 am

Markets Weekly: Price Crosses $300 Following Coinbase News

While the bitcoin price may have taken a beating recently, it appears to be bouncing back, having crossed the $250 and $300 mark in quick succession.

Posted on 26 January 2015 | 6:37 am

Bitcoin gets first regulated US exchange - CNBC


CNBC

Bitcoin gets first regulated US exchange
CNBC
San Francisco-based Coinbase offers storage services for bitcoin users, and the company is set to open a new exchange on Monday morning. Called Lunar, it will have regulatory approval in half of the states in the U.S., according to a report in The Wall ...

Posted on 26 January 2015 | 6:09 am

Bitcoin: first US exchange set to open - The Week UK


The Week UK

Bitcoin: first US exchange set to open
The Week UK
The legitimacy of the virtual currency Bitcoin is set for a boost with the opening of the first licensed Bitcoin exchange in the United States. US start-up Coinbase Inc – backed by $106 million from the New York Stock Exchange and numerous venture ...

and more »

Posted on 26 January 2015 | 3:53 am

Coinbase to Open First U.S. Bitcoin Exchange - Re/code


Re/code

Coinbase to Open First U.S. Bitcoin Exchange
Re/code
On Monday, the bitcoin startup Coinbase is set to open the first regulated bitcoin exchange based in the U.S., in a move that industry observers have long said could increase trust in the digital currency among consumers and perhaps bring more ...

Posted on 25 January 2015 | 8:52 pm

Coinbase Secures Approval to Launch Regulated US Bitcoin Exchange

Coinbase is set to launch a US bitcoin exchange already approved by 50% of state regulators on Monday.

Posted on 25 January 2015 | 4:15 pm

How Anonymous is Bitcoin? A Backgrounder for Policymakers

Bitcoin, less private than credit or debit transactions, is generally anonymous. Here are some distinctions between privacy and anonymity in bitcoin.

Posted on 25 January 2015 | 6:45 am

Searching for a Cryptocurrency Security Standard

Bitcoin companies continue to take a hammering from hackers. Where should they look for better security practices?

Posted on 25 January 2015 | 4:15 am

Fred Wilson: Blockchain Applications Still Biggest Opportunity in Bitcoin

CoinDesk speaks to USV principal Fred Wilson about his firm's recent investment in Coinbase and larger investment philosophy for the industry.

Posted on 24 January 2015 | 11:22 am

Review: Haasbot 2.0 Brings Automated Trading to the Next Level

CoinDesk reviews Haasbot 2.0, a sophisticated trading bot suite designed for bitcoin trading professionals.

Posted on 24 January 2015 | 10:31 am

How Bitcoin Could Shake Up B2B Payments

Bitcoin is great for business-to-business transactions, if both sides know how to use it. What happens if they don't?

Posted on 24 January 2015 | 7:30 am

Gallery: Bitcoin Industry Cuts Loose at Miami Conference

The North American Bitcoin Conference, held in Miami last week in, remains a biannual staple of the bitcoin conference calendar year.

Posted on 23 January 2015 | 12:20 pm

DigitalBTC Inks Deal With Spondoolies-Tech to Expand Mining Operation

Australian bitcoin company digitalBTC is expanding its mining capacity and entering a new contract with data centre provider Verne Global. The company said it is acquiring new bitcoin mining hardware from manufacturer Spondoolies-Tech, although the exact details were not revealed. DigitalBTC did say, however, that the new hardware will expand its processing capacity by approximately 40% for […]

Posted on 23 January 2015 | 6:24 am

Payment Processor EgoPay Confirms Hack, Insider Suspected

Third-party payment processor EgoPay suffered a hack in late December, the company has confirmed in a blog post.

Posted on 23 January 2015 | 4:36 am

OKCoin CEO Star Xu: Bitcoin’s Price Depends on User Growth

CoinDesk speaks to OKCoin CEO Star Xu about his leading BTC/CNY exchange's new push to promote "real bitcoin use" in China and abroad.

Posted on 22 January 2015 | 4:42 pm

Is Bitcoin Truly Decentralized? Yes – and Here Is Why It’s Important

Jan 22. 2015 for BitcoinMagazine.com Those within the industry understand that one of Bitcoin’s most important features—and perhaps its true core innovation—is its decentralized structure. Bitcoin has no central control: no central repository of information, no central management, and, crucially, no central point of failure. And yet, most of the actual services and businesses built within the Bitcoin ecosystem are centralized. They are run by specific people, in specific locations, with specific computer systems, and they are susceptible to specific legal entanglements. This situation creates tension and certainly a little irony—we have a decentralized technology, yet most things existing upon it are centralized. To a casual observer, and even more to a cynical one, it may appear that the claim […]

The post Is Bitcoin Truly Decentralized? Yes – and Here Is Why It’s Important appeared first on Bitcoin Magazine.

Posted on 22 January 2015 | 9:52 am

BTC Media Acquires Bitcoin Magazine

January 21, 2015 FOR IMMEDIATE RELEASE Contact: Tyler Evans 256-539-6100 BTC Media Acquires Bitcoin Magazine NASHVILLE, TN—BTC Media LLC, parent company of financial technology magazine yBitcoin and its website www.ybitcoin.com, has as of January 21, 2015 completed the purchase of Bitcoin Magazine from Coin Publishing LLC. Bitcoin Magazine is the first publication devoted exclusively to Bitcoin, the digital currency that burst onto the international economic scene as open source software in 2009. Magazine founders Mihai Alisie and Vitalik Buterin published their first issue in May, 2012 and later joined forces with Orlando, Florida-based Coin Publishing LLC to produce 22 issues. The magazine is mailed to subscribers worldwide, sold at Barnes & Noble bookstores and published online at www.bitcoinmagazine.com. BTC Media […]

The post BTC Media Acquires Bitcoin Magazine appeared first on Bitcoin Magazine.

Posted on 21 January 2015 | 11:00 am

Last Issues of Original Bitcoin Magazine on Sale Now!

Check out the Bitcoin Magazine Store, where you’ll find special values on single and bundled back issues of the authentic voice of the cryptocurrency community. Take advantage of the last remaining artifacts of the original Bitcoin Magazine–offering you a limited-time opportunity to complete your magazine collection and own a piece of Bitcoin history. As a gift to the Bitcoin community, we’ve also made all past issues available for download as DRM-free, pay-what-you-want PDFs.

The post Last Issues of Original Bitcoin Magazine on Sale Now! appeared first on Bitcoin Magazine.

Posted on 15 January 2015 | 11:39 am

What is Bitcoin?

Bitcoin has taken the world by storm. Yet when most people hear about it, whether for the first or the tenth time, they have one simple question: “What is it?” Like an automobile, Bitcoin is very technically advanced, and it can be extremely complicated, depending on how much you want to know about it. But also like an automobile, you don’t actually need to know much about Bitcoin’s technical details in order to use it—and in order for it to change the way you look at the world. Here’s what you need to know. Generally speaking, Bitcoin is two things: A payment network (“Bitcoin”); The currency unit used on that network (“bitcoins”). Thus, as both a payment network and the […]

The post What is Bitcoin? appeared first on Bitcoin Magazine.

Posted on 15 January 2015 | 11:27 am

A Letter to the Bitcoin Magazine Subscribers

January 21, 2015 My name is David Bailey, CEO of BTC Media LLC (better known as publisher of yBitcoin magazine), and I’m very proud to announce that we’ve officially acquired Bitcoin Magazine! I wanted to let you know first, prior to our official press release, in appreciation of your loyalty to Bitcoin Magazine. As you know, Bitcoin Magazine is the oldest media outlet in the entire cryptocurrency industry, dating back to its launch in 2012 (eons ago in Bitcoin time). Bitcoin Magazine has been there covering the highs and lows of the Bitcoin revolution, and to many of us it provided our first exposure to the future of money. More than anything, Bitcoin Magazine has been a resource and voice […]

The post A Letter to the Bitcoin Magazine Subscribers appeared first on Bitcoin Magazine.

Posted on 15 January 2015 | 11:26 am

Why Bitcoin Has Value

We all have what feels like an intrinsic understanding of value, though it is actually learned as we come to know our world. A gold bar has value, an empty soda can, not so much. When we encounter new things it’s usually fairly easy to assess what kind of value they might hold, but Bitcoin is a different beast. Bitcoin is harder to define and understand, and for many beginning Bitcoiners the question of value is one of the most puzzling. So why does Bitcoin have value? To begin, we really need to understand why anything has value. Fans of post-apocalyptic fiction will often point out that in the end, the only things of real value are those that sustain […]

The post Why Bitcoin Has Value appeared first on Bitcoin Magazine.

Posted on 15 January 2015 | 11:22 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

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-Qt v0.9.0rc3 released

Posted on 13 March 2014 | 3:21 am

Mt.Gox Statement

Posted on 3 March 2014 | 3:44 am

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January 27, 2015 -
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