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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

Deutsche Bank Letter Touts Expertise in Blockchain Tech

Deutsche Bank is exploring the use of the blockchain for a variety of potential applications, according to a recent letter from the German megabank.

Posted on 31 July 2015 | 10:07 am

Former White House Advisor Explains Why Bitcoin Should Become Official - ReadWrite


ReadWrite

Former White House Advisor Explains Why Bitcoin Should Become Official
ReadWrite
This post appears courtesy of the Ferenstein Wire, a syndicated news service. Publishing partners may edit posts. For inquiries, please email author and publisher Gregory Ferenstein. Bitcoin, the digital currency infamous for wild swings in value and ...
Iron Mike, Taylor Swift, President Obama … And Bitcoin?PYMNTS.com

all 2 news articles »

Posted on 31 July 2015 | 9:19 am

HashingSpace CEO Featured Cover Story in Premier Bitcoin Magazine - CNNMoney


CNNMoney

HashingSpace CEO Featured Cover Story in Premier Bitcoin Magazine
CNNMoney
HashingSpace Corporation (OTCQB: HSHS) CEO Timothy Roberts previously founded Savvis Corporation which reached a $2.2 billion market cap on the NASDAQ, and has been selected as the cover story in Bitcoin magazine, yBitcoin. HashingSpace's ...
HashingSpaces moves from Pink Sheets to QTCQBBitcoinist.net

all 2 news articles »

Posted on 31 July 2015 | 8:40 am

Canadian Senator Cautions on Bitcoin - newsBTC


Canadian Senator Cautions on Bitcoin
newsBTC
In a personal blog post titled Bitcoin: Madness or Innovation?, Canadian Senator Celine Hervieux-Payette has advised a cautionary approach to Bitcoin as it is prone to frauds and other illegal uses. The Senator, who is the Deputy Chair of Banking ...

Posted on 31 July 2015 | 8:30 am

UK Is Leading The Way To Become A Global Bitcoin Hub - TechCrunch


TechCrunch

UK Is Leading The Way To Become A Global Bitcoin Hub
TechCrunch
In many countries, when it comes to regulating bitcoin companies, it's still mostly a work in progress. Some governments want to restrict bitcoin quite a lot, while others are adopting a more favorable stance. The U.K. has been the financial hub of ...
Increasing Political Interest in Bitcoin May Not Be a Bad ThingNasdaq
Adam Back: How Blockchain Can Prevent a Banking CrisisnewsBTC

all 4 news articles »

Posted on 31 July 2015 | 8:28 am

Is Bitcoin a Ponzi Scheme? - Money Morning


Money Morning

Is Bitcoin a Ponzi Scheme?
Money Morning
Back in 2012, none other than the European Central Bank put out a study that called Bitcoin a Ponzi scheme. Since then, the ECB has only backed off a little. Earlier this year, a new report said Bitcoin is "inherently unstable" and ripped ...

Posted on 31 July 2015 | 7:35 am

Some Believe Shemitah Foretells a Bitcoin Price Increase This Fall - CryptoCoinsNews


CryptoCoinsNews

Some Believe Shemitah Foretells a Bitcoin Price Increase This Fall
CryptoCoinsNews
2015 is a Shemitah year leading many analysts to claim the remainder of the year could hold great volatility in the political and economic arenas. Shemitah predictions entail major implications for the future Bitcoin price, with some claiming $2 ...

Posted on 31 July 2015 | 6:12 am

You May Soon Get Bitcoin-Bought Cannabis Delivered by Drone

A company near San Fransisco has come up with a novel way to deliver bitcoin-purchased marijuana, via drone.

Posted on 31 July 2015 | 3:49 am

BTC China/ OKCoin heads: Bitcoin state of play and 6 years until it's ... - SiliconANGLE (blog)


SiliconANGLE (blog)

BTC China/ OKCoin heads: Bitcoin state of play and 6 years until it's ...
SiliconANGLE (blog)
BTC China Chief Executive Officer Bobby Lee and OKCoin, Inc. Head of International Jack Jiu took to the stage at the Rise Conference in Hong Kong Friday to discuss where Bitcoin was and what's ahead for the popular cryptocurrency. “Bitcoin can mean ...
BTC China CEO: Bitcoin is a Viable Digital CurrencynewsBTC

all 4 news articles »

Posted on 31 July 2015 | 2:48 am

Bitcoin Price Technical Analysis for 31/7/2015 – Palpable Strain - newsBTC


newsBTC

Bitcoin Price Technical Analysis for 31/7/2015 – Palpable Strain
newsBTC
Bitcoin bulls are feeling the heat as profit booking and fresh selling continues to weigh on the price. My last analysis Bulls Giving Up? revealed that the appreciation of the US dollar following the announcement of the Federal Reserve regarding the ...

Posted on 30 July 2015 | 9:36 pm

National Science Foundation Awards Research Grants on the Science and Applications of Cryptocurrency

The National Science Foundation has awarded research grants on the science and applications of crypto-currency, with approximately $1 million awarded to date. The NSF initiative is part of the “Secure and Trustworthy Cyberspace” program for cybersecurity research and development to minimize the dangers of cyber technology, promote education and training in cybersecurity, establish a science of cybersecurity and convert promising cybersecurity research into practice. The NSF grant has been awarded to Emin Sirer at Cornell University (grant information here), Elaine Shi, Michael Hicks, Jonathan Katz and David Van Horn at the University of Maryland (grant information here), and Dawn Song at the University of California-Berkeley (grant information here). Emin Sirer, an associate professor of computer science at Cornell University, researches […]

The post National Science Foundation Awards Research Grants on the Science and Applications of Cryptocurrency appeared first on Bitcoin Magazine.

Posted on 30 July 2015 | 11:49 am

Ethereum Launches Long-Awaited Decentralized App Network

Long one of the most ambitious projects in the industry, decentralized application platform Ethereum is set to open to the public tonight.

Posted on 30 July 2015 | 9:44 am

Bitcoin Exchange Igot Challenges Scam Allegations

The founder of Australia-based bitcoin exchange igot has refuted claims that his business is a scam.

Posted on 30 July 2015 | 5:47 am

Leading Global Bitcoin Adoption, HashingSpace Corporation Uplifts to the OTCQB

Bitcoin Press Release: US Based HashingSpace Corporation Announced it has been uplifted to a higher reporting status on the OTC Market. HashingSpace will now be listed as OTCQB: HSHS. HashingSpace provides scalable datacenter and technology infrastructure for the global adoption of Bitcoin including Bitcoin ATMs and hosted ASIC mining. WENATCHEE, WA / July 29, 2015 / HashingSpace Corporation (OTCQB: HSHS), a company focused on the global adoption of Bitcoin, announced today that it has officially been uplifted to a higher reporting status. HashingSpace will no longer be listed on the Pink Sheets and has been moved to OTCQB status. HashingSpace Corporation submitted all the mandatory documents and has successfully met all of the initial requirements to receive this upgrade. The […]

The post Leading Global Bitcoin Adoption, HashingSpace Corporation Uplifts to the OTCQB appeared first on Bitcoin Magazine.

Posted on 29 July 2015 | 4:21 pm

Over 2 Years Old Valuable Bitcoin Alternative CryptoBullion (CBX) Announces Unprecedented PoSP Algorithm and Expansion Into Chinese Markets

Bitcoin Press Release: Over 2 years old, CryptoBullion is pleased to announce an unprecedented Proof-of-Stake-Participation algorithm and expansion into emerging Chinese markets. Designed to be rare and valuable, less than 1 million CBX are in circulation, with a variable annual interest rate of over 2% for stakers. FLORIDA, USA / July 29, 2015 / CryptoBullion (CBX), launched in June of 2013, is an exclusive cryptocurrency with less than 1-million units in circulation (21 times more rare than Bitcoin). CBX has successfully completed its distribution phase and has reached the planned stage where its money supply grows by 2% per year. This economically sound annual increase mirrors the supply fundamentals of precious metals, positioning CBX as the “platinum” alternative to Bitcoin’s […]

The post Over 2 Years Old Valuable Bitcoin Alternative CryptoBullion (CBX) Announces Unprecedented PoSP Algorithm and Expansion Into Chinese Markets appeared first on Bitcoin Magazine.

Posted on 29 July 2015 | 4:19 pm

Ripple Labs Taps US Treasury Official for Advisory Board

Blockchain startup Ripple Labs has added a former US Treasury Department official to its board of advisors.

Posted on 29 July 2015 | 12:19 pm

Survey: Consumers Say Bitcoin More Inconvenient Than Checks

A new survey has found that consumers believe bitcoin to be more inconvenient to use than traditional payment methods.

Posted on 29 July 2015 | 12:05 pm

US Government Funds $3 Million Cryptocurrency Research Initiative

Three US universities are set to conduct research on cryptocurrencies using roughly $3m in grant funding from the National Science Foundation.

Posted on 29 July 2015 | 10:55 am

Bitcoin’s Largest Publicly Traded Company Bridges Gaps to the Banking Industry

As Bitcoin usage grows worldwide and attracts the attention of more governments and regulators, the complexities of ensuring compliance across different jurisdictions become greater and greater. Many quickly growing Bitcoin startups struggle with this issue and lack the knowledge base to ensure that compliance is sufficient. Taking it a step further, even if local regulations in an area are relatively lax, operating a financial services business without a bank account can prove tremendously difficult. And due to the fact that Bitcoin businesses are considered high risk and banks operate very conservatively, obtaining a local banking partner can be very difficult. “If we look at what’s going on the U.K., the country is very laissez-faire with regulation, but the banks won’t […]

The post Bitcoin’s Largest Publicly Traded Company Bridges Gaps to the Banking Industry appeared first on Bitcoin Magazine.

Posted on 29 July 2015 | 10:08 am

London Mayoral Candidate Wants to Track £17 Billion City Budget in Real Time on the Blockchain

Felix Online, the student magazine of Imperial College London, has published an interview with the Respect Party candidate for mayor of London, George Galloway. The Respect Party is a left-wing U.K. political party founded in 2004 as an offspring of the Stop the War Coalition, opposing the Iraq War. The Party has been compared to “anti-establishment” political parties such as Syriza in Greece and Podemos in Spain. Galloway, a controversial politician who appeared in the Big Brother reality show in 2004, joined the Respect Party after having been expelled from the Labour Party. The Felix Online interview covers many topics of interest to London residents. Galloway is determined to “run Uber out of town” and formulates radical proposals for solving […]

The post London Mayoral Candidate Wants to Track £17 Billion City Budget in Real Time on the Blockchain appeared first on Bitcoin Magazine.

Posted on 29 July 2015 | 9:38 am

Microsoft and MIT Explore Unique Applications of the Bitcoin Blockchain

Microsoft New York and MIT Media Lab presented a 70-minute report called #Blockchain4good this week. Speakers included Brian Forde, MIT Media Lab director of digital currency and former senior technology adviser at the White House, and John Paul Farmer, director of technology and civic innovation at Microsoft. They led discussions on using the blockchain for fraud-free voting, storage of identities, response to natural disasters and a public ledger of properties such as land. Other speakers, including Chelsea Barabas, Ann Sim, Ryan Shea and Peter Kirby, focused on introducing the blockchain’s capability to decrease the amount of money spent annually on identity theft and records. Civic Infrastructure Sim, from international design and consulting firm IDEO, introduced the idea of frictionless transfer, […]

The post Microsoft and MIT Explore Unique Applications of the Bitcoin Blockchain appeared first on Bitcoin Magazine.

Posted on 29 July 2015 | 9:19 am

Russian Watchdog Threatens News Site Over Bitcoin Article

Russia's media watchdog has told Zuckerberg Pozvonit, a local tech news site, it must delete or edit a bitcoin-related article.

Posted on 29 July 2015 | 4:56 am

American Banker Conference: Lines Drawn in Blockchain Debate

American Banker's Digital Currencies + the Blockchain featured speakers from across the blockchain and finance sectors.

Posted on 28 July 2015 | 4:00 pm

Benjamin Lawsky: ‘I’m Doing No Work in the Digital Currency Space’

The former superintendent of the New York Department of Financial Services (NYDFS) and the creator of the much maligned BitLicense revealed today that he’s not working in the digital currency space. “I’m doing no work in the digital currency space,” said Benjamin Lawsky at the America Banker Conference in New York City. “The rules are clear,” Lawsky explained. “I can’t work in the Bitcoin space on anything related to my work at NYDFS or BitLicense.” When Lawsky announced in May that he was stepping down, he revealed that he would be launching his own legal consultancy. The New York Post had reported that Lawsky “plans to advise companies on financial matters such as cybersecurity and digital currencies like bitcoin, a new sphere […]

The post Benjamin Lawsky: ‘I’m Doing No Work in the Digital Currency Space’ appeared first on Bitcoin Magazine.

Posted on 28 July 2015 | 12:08 pm

Settling the Block Size Debate

This is a guest post by Eric Lombrozo, the Co-CEO and CTO of Ciphrex Corp., a software company pioneering decentralized consensus network technology. Lombrozo is also a founding member of the CryptoCurrency Security Standards Steering Committee and has been a longtime contributor to the open source Bitcoin core development effort. Introduction In the last few months, a contentious debate has arisen surrounding the issue of a hardcoded constant in the consensus rules of the Bitcoin network. While on the surface it appears to be a simple enough change, this single issue has opened up a veritable Pandora’s box. What is the block-size limit and why is it there? When the Bitcoin network was in infancy, several assumptions had to be made regarding […]

The post Settling the Block Size Debate appeared first on Bitcoin Magazine.

Posted on 28 July 2015 | 12:05 pm

Microsoft Explores Blockchain Tech's Use for Social Good

The topic of how blockchain technology can be used to support social good was discussed at an event hosted by Microsoft last night.

Posted on 28 July 2015 | 9:32 am

5 Things Bitcoin Owners Must Do When Estate Planning

Certified Financial Planner Jeff Vandrew explains the steps bitcoin holders should take when planning their estates.

Posted on 28 July 2015 | 3:41 am

8 Banking Giants Embracing Bitcoin and Blockchain Tech

Despite an initial skepticism, major financial institutions are beginning to become more public with their interest in bitcoin and the blockchain.

Posted on 27 July 2015 | 12:26 pm

Major Magazine Publisher to Accept Bitcoin Payments

Posted on 18 December 2014 | 12:43 pm

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

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

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