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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

Bitcoinist Weekly News Re-Hash: Bitcoin XT Dies, Bitcoin Price Stabilizes - Inside Bitcoins


Inside Bitcoins

Bitcoinist Weekly News Re-Hash: Bitcoin XT Dies, Bitcoin Price Stabilizes
Inside Bitcoins
Monday, August 24, 2015 opened the week with the Bitcoin price at $228.26, continuing the decline that persisted throughout last week. The price trended downwards for the entire day, actually falling below $200 at 8 PM and hitting a low of $198.12.

Posted on 31 August 2015 | 3:34 pm

OKCoin Restricts Bitcoin Deposits for US Customers

OKCoin has stopped accepting bitcoin deposits from customers in the US, citing regulatory pressure.

Posted on 31 August 2015 | 2:40 pm

What's it like to use cryptocurrency, such as bitcoin? - St. Cloud Times


What's it like to use cryptocurrency, such as bitcoin?
St. Cloud Times
Jon Zimmer of St. Cloud earns a paycheck at an advertising agency. At night, he trades currencies. Zimmer's not buying and selling Yen or Euros, though. The Princeton native exchanges cryptocurrencies such as bitcoin with anonymous users around the ...

Posted on 31 August 2015 | 12:47 pm

African Remittance Firm Beam Stops Bitcoin Service in Pivot

Beam has announced it will no longer focus on using bitcoin in an attempt to disrupt the Ghanaian remittance market.

Posted on 31 August 2015 | 12:43 pm

Prepare Yourself For A Rollicking Bitcoin Panel At TechCrunch Disrupt - TechCrunch


TechCrunch

Prepare Yourself For A Rollicking Bitcoin Panel At TechCrunch Disrupt
TechCrunch
What do you get when you put a Casares, a Popper, and a Lee on stage? Some Bitcoin madness, that's what. Join us at Disrupt in San Francisco next month where we'll talk to some of the biggest names in cryptocurrency – entrepreneur Wences Casares, ...

Posted on 31 August 2015 | 12:36 pm

Goldman Analyst: Blockchain Tech Will Change Asset Ownership

A Goldman Sachs analyst has revealed insight into the global investment banking giant's developing thesis on bitcoin and blockchain technology.

Posted on 31 August 2015 | 12:00 pm

Commonwealth Virtual Currencies Working Group Issues Statement about Bitcoin’s Potential

This week, the Commonwealth Virtual Currencies Working Group made up of Australia, Barbados, Kenya, Nigeria, Singapore and Tonga, together with the International Monetary Fund and World Bank, concluded a three-day conference in London with a consensus: “Member states should consider the applicability of their existing legal frameworks to virtual currencies and where appropriate they should consider adapting them or enacting new legislation to regulate virtual currencies.” The group has come up with the consensus because it recognizes the benefits and the disruptive nature of bitcoin and other digital currencies in the financial sector. The conference was joined by experts from the banking sector, academia, virtual currency operators, users and law enforcement agencies, to discuss the unique applications and the risks […]

The post Commonwealth Virtual Currencies Working Group Issues Statement about Bitcoin’s Potential appeared first on Bitcoin Magazine.

Posted on 31 August 2015 | 10:11 am

Barclays just became the first UK bank to support bitcoin - Quartz


Daily Mail

Barclays just became the first UK bank to support bitcoin
Quartz
Over the weekend, Barclays announced (paywall) that it would help charities accept bitcoin payments, making it the first UK bank to support the currency. The new feature is a small but important step toward Barclays—or any bank—fully accepting bitcoin.
Barclays to become first UK high street bank to accept bitcoinDaily Mail
AUG 31 DIGEST: Barclays to Enable Charitable Bitcoin Donations; Coinbase ...CoinTelegraph
Wall Street takes keen interest in Bitcoin's technologyThe Australian Financial Review
CryptoCoinsNews -newsBTC -Bitcoin Magazine
all 31 news articles »

Posted on 31 August 2015 | 10:01 am

Ukraine May Soon Legalize Bitcoin - CoinTelegraph


CoinTelegraph

Ukraine May Soon Legalize Bitcoin
CoinTelegraph
Ukraine may soon legalize Bitcoin. The National Bank of Ukraine (NBU) is seriously looking into the possibilities of implementing Bitcoin's technology into the financial system according to Ukraine's Bitcoin Foundation (BFU). Ukraine Bitcoin Foundation ...

Posted on 31 August 2015 | 9:21 am

Barclays to Begin Offering Bitcoin Payments for Customers, Beginning with Charities

Barclays is about to become the first mainstream bank to openly and directly support bitcoin transactions, The Sunday Times reports. The Daily Mail echoed the news for its huge readership. Barclays has been experimenting with Bitcoin and working with digital currency start-ups for some time.  Speaking at the Morgan Stanley European Financials Conference in London, Barclays’ CEO Antony Jenkins warned the “banking sector has not yet felt the ‘full disruptive force’ of technology – but it will.” He elaborated on the growing concern among financial institutions that faster, cheaper payment systems will start to seduce their consumer and business customers in the coming years. In June, Barclays signed a deal with Bitcoin company Safello to explore financial applications of the blockchain […]

The post Barclays to Begin Offering Bitcoin Payments for Customers, Beginning with Charities appeared first on Bitcoin Magazine.

Posted on 31 August 2015 | 9:16 am

Coinbase Expands Bitcoin Services to Canada

Bitcoin users in Canada can now buy and sell bitcoin using Coinbase, a move that brings the startup closer to launching in 30 countries by 2016.

Posted on 31 August 2015 | 7:00 am

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

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

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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 Sees Bitcoin Usage Drop By 80%CryptoCoinsNews
Gyft Co-Founder speaks on bitcoin and blockchain technologyEconoTimes

all 3 news articles »

Posted on 30 August 2015 | 11:37 am

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

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

Blockchain Tech Could Save Global Business $550 Billion Per Year

Jeremy Almond, CEO of payments-as-a-service platform PayStand, examines whether blockchain technology can rescue the last bastion of analog payments.

Posted on 29 August 2015 | 4:00 am

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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

USAA: Bitcoin and Blockchain Are FinTech Game-Changers

Vic Pascucci, current USAA head of corporate development, speaks to CoinDesk about his firm's interest in bitcoin and blockchain thechnology.

Posted on 28 August 2015 | 8:24 am

Sentencing Looms for Teen Who Promoted ISIL Bitcoin Donations

A Virginia teenager who offered online advice on how to use bitcoin to fund terrorist group ISIL is to be sentenced today.

Posted on 28 August 2015 | 3:36 am

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

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

BitFury Backs BIP 100 Blocksize Proposal

BitFury – the best-capitalised mining firm in bitcoin – has waded into the block size debate, stating it must be resolved by consensus.

Posted on 27 August 2015 | 6:14 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

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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

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

Mt.Gox Statement

Posted on 3 March 2014 | 3:44 am

August 31, 2015 -
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