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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

Australian Senate Committee Seeks to Overturn Bitcoin Tax Ruling

The way in which digital currency transactions are taxed should be reviewed, according to the Australian Senate Economics References Committee.

Posted on 4 August 2015 | 6:14 am

Australian Senate Committee Seeks to Overturn Bitcoin Tax Ruling - CoinDesk


The Australian Financial Review

Australian Senate Committee Seeks to Overturn Bitcoin Tax Ruling
CoinDesk
A new report from the committee suggests changing the way in which transactions involving bitcoin or other digital currencies are classified. The recommendation represents a significant shift from a previous ruling by the Australian Taxation Office ...
Bitcoin's slow journey to the mainstream takes an important stepThe Australian Financial Review
Is Australia Ready to Accept Bitcoin as a Regular Currency?newsBTC
Inquiry recommends radical shakeup of Australian bitcoin lawsComputerworld Australia
Benzinga -Newstalk 106-108 fm -iT News
all 17 news articles »

Posted on 4 August 2015 | 6:14 am

Huobi Takes Bitcoin Trading Mobile; Targets Western Users - CoinTelegraph


CoinTelegraph

Huobi Takes Bitcoin Trading Mobile; Targets Western Users
CoinTelegraph
One of China's top three exchanges Huobi explains why it is looking to take bitcoin (and litecoin) trading mobile with the upgrade of its mobile app that allows users unprecedented power to trade, deposit and withdraw funds at the touch of a finger ...

Posted on 4 August 2015 | 5:08 am

FinTech Voices Join Blockchain Conversation at Keynote 2015

New voices from the FinTech community joined ongoing debates in the bitcoin and blockchain space at yesterday's Keynote 2015 conference.

Posted on 3 August 2015 | 7:02 pm

Bitcoin And Remittances: Can It Work? - Nasdaq


Bitcoin And Remittances: Can It Work?
Nasdaq
Bitcoin proponents have long been eyeing one of fiat currencies' most vulnerable areas: international borders. Where one currency ends and another begins, what should be a straightforward transfer of value quickly becomes a headache—often an ...

Posted on 3 August 2015 | 11:57 am

Former bitcoin cop won't help bitcoin companies get licensed - Fortune


Fortune

Former bitcoin cop won't help bitcoin companies get licensed
Fortune
Many bitcoin policy pundits and bitcoin startup executives took issue with what they felt was an overreaching set of requirements to get the necessary license. Companies reacted in different ways: Coinbase launched a bitcoin exchange in January that ...
Political Interest To Help Restore Trust in Bitcoin?newsBTC

all 3 news articles »

Posted on 3 August 2015 | 11:47 am

Popular Arcade Game Launches Token Sale with Shapeshift

Spells of Genesis, one of the most highly anticipated arcade games of 2015, developed by well-known game developer EverdreamSoft, is introducing and implementing bitcoin and its blockchain technology in the game’s storyline and as an in-game currency. Before the game’s launch on both iOS and Android Play Store, EverdreamSoft plans to host a crowdfunding campaign for its game and storyline development. Spells of Genesis will be using BitCrystal tokens as its in-game currency which can be used to purchase game items and to trade with other users within the game. The concept behind Spells of Genesis’ crowdfunding campaign is similar to Ethereum’s: People purchasing BitCrystals will become investors and will be provided with BitCrystals early on. BitCrystal is a tradable […]

The post Popular Arcade Game Launches Token Sale with Shapeshift appeared first on Bitcoin Magazine.

Posted on 3 August 2015 | 11:35 am

Mt. Gox was Bitcoin's ugliest success story - The Verge


CNET

Mt. Gox was Bitcoin's ugliest success story
The Verge
Starting in 2010, Karpeles ran the largest and most powerful bitcoin exchange, but the site went offline in February 2014 after it was discovered that $400 million in bitcoin had gone missing from the company's accounts. The official explanation was an ...
Mt. Gox bitcoin chief Mark Karpeles arrested in JapanCNET
The Mt.Gox Arrest Is The End Of The First Age Of BitcoinTechCrunch
Bitcoin Market Wrap Up 7/26 – 8/2: Markets Down, Vanillacoin Takes LeadInside Bitcoins
The Japan Times -Upstart
all 153 news articles »

Posted on 3 August 2015 | 11:20 am

UK Prime Minister Cameron Praises the Innovate Finance Manifesto Despite Views on Encryption

Innovate Finance, an independent membership-based industry organization that aims to advance Great Britain’s standing as a leader in financial technology (FinTech) innovation both domestically and abroad, has released its new manifesto: Innovate Finance Manifesto: 2020. “Our vision for 2020 is for the U.K. to be the most investment-friendly environment for FinTech globally, attracting $4 billion of venture investment and $4 billion of institutional investment in corporate venture funds, accelerators and innovation programs,” states the manifesto. “Our vision for 2020 is for the U.K. to be the premier location for at least 25 global FinTech leaders, whether by IPO, global market share or by valuation.” The manifesto mentions the need for effective regulation, a proactive policy environment and a commitment to […]

The post UK Prime Minister Cameron Praises the Innovate Finance Manifesto Despite Views on Encryption appeared first on Bitcoin Magazine.

Posted on 3 August 2015 | 10:47 am

Bitcoin users are all tech enthusiasts or criminals, study concludes - Wired.co.uk


Wired.co.uk

Bitcoin users are all tech enthusiasts or criminals, study concludes
Wired.co.uk
Understanding the user base of an unregulated cryptocurrency is no easy feat, but a new study attempts to shed light on Bitcoin users -- what type of people they are and what their motivations are for using it. Spoiler alert: key data returned evidence ...

and more »

Posted on 3 August 2015 | 10:29 am

Robocoin Faces Lawsuit Over Bitcoin ATM Refund

Embattled bitcoin ATM maker Robocoin is facing yet another upset, this time in the form of a customer lawsuit.

Posted on 3 August 2015 | 9:25 am

Bitcoin Firm Elliptic Wins "Security Project of the Year"

London-based bitcoin firm Elliptic has been awarded "Security Project of the Year" by The Banker magazine. In its second edition, The Banker's Technology Projects of the Year awards, claim to celebrate the "most innovative and transformational contributions to financial services technology around the world". Adam Joyce, CTO and co-founder, said in a company post that […]

Posted on 3 August 2015 | 9:04 am

Police Return Funds Seized from Bitcoin Trader

A Scottish bitcoin trader had thousands of pounds returned to him after they were seized by police during a money laundering investigation in May.

Posted on 3 August 2015 | 4:59 am

Ex-boss of MtGox bitcoin exchange arrested in Japan over lost $390m - The Guardian


The Guardian

Ex-boss of MtGox bitcoin exchange arrested in Japan over lost $390m
The Guardian
MtGox subsequently shot from obscurity to dominate global trade in bitcoin, but as early as 2012 employees at the Tokyo-based exchange challenged Karpeles on issues such as whether client money was being used to cover costs. Investors had called on ...
MtGox Bitcoin CEO is facing fresh allegations that he misused $8.9 million in ...Business Insider
Mark Karpeles, Chief of Bankrupt Bitcoin Exchange, Is Arrested in TokyoNew York Times
Leader of Mt. Gox Bitcoin Exchange Arrested in TokyoTIME

all 308 news articles »

Posted on 2 August 2015 | 8:58 am

Ashley Barr Reveals New Details about Mt.Gox Operations after Karpeles’ Arrest

As Mark Karpeles was being arrested on August 1, 2015, his former employee Ashley Barr, who operated under the name “Adam Turner,” took to Reddit to answer questions about his time at Mt.Gox. In his introduction, Barr wrote, “I was hired by Mark [Karpeles] in June 2011 to help him handle the crazy inbox at Mt.Gox during bitcoin’s initial rally. In January 2012 I was asked to become Mt.Gox’s CEO, a process which led to my dismissal in May 2012. My statement along with other ex-employees have led the Tokyo Metro Police’s arrest on embezzlement and ‘illegal manipulation of accounting.’ “We plan to eat pizza in front of Mark while he is in prison…” Barr talked openly about the work […]

The post Ashley Barr Reveals New Details about Mt.Gox Operations after Karpeles’ Arrest appeared first on Bitcoin Magazine.

Posted on 1 August 2015 | 3:47 pm

Mt Gox CEO Mark Karpeles Arrested in Japan

Japanese police arrested Mt Gox CEO Mark Karpeles today on allegations that he manipulated volume on the platform prior to its collapse.

Posted on 31 July 2015 | 8:53 pm

Overstock Sells $5 Million Cryptobond to New York Trading Firm

US retail giant Overstock has sold $5m of a recently issued "cryptobond" to FNY Managed Accounts, a New York-based trading firm.

Posted on 31 July 2015 | 3:03 pm

Bitcoin in the Headlines: Rolling With the Punches

This week's media coverage, though interrupted by the launch of Ethereum's decentralised app network, largely scrutinised bitcoin's reputation.

Posted on 31 July 2015 | 11:41 am

Bitcoin to Ripple Gateway to Shut Down for US Users

Ripple Inc., payment gateway for hundreds of assets and digital currencies has announced the closure of btc2ripple gateway for all US residents starting September 1, 2015. Btc2ripple gateway is one of the hundreds of gateways on the Ripple Trade platform which is used to purchase or trade BTC to XRP (Ripple’s IOU). On September 1, Ripple will shut down the btc2ripple gateway for all U.S. residents, which will disallow any Americans from purchasing or depositing BTC using Ripple Trade accounts. Btc2ripple is operated by a Lithuanian company UAB SKV3, located in Vilnius.  The decision to shut down the BTC to XRP gateway was finalized by UAB SKV3, not Ripple Inc. In a statement, the btc2ripple team announced, “We are discontinuing the […]

The post Bitcoin to Ripple Gateway to Shut Down for US Users appeared first on Bitcoin Magazine.

Posted on 31 July 2015 | 11:00 am

New Ethereum Foundation Executive Director and Board Members Signal a Reboot for Ethereum

One of the strengths of Ethereum is its decentralized nature, giving it a wider, more stable base. There are Ethereum project teams in different parts of the world, including Amsterdam, Berlin, Switzerland and Brazil. (For example, Geth was deployed by the Amsterdam team while Eth was produced by the Berlin team.) If there is a center to Ethereum, it would be in the beautiful town of Zug, Switzerland, home of the Ethereum Foundation that oversees the project’s finances, manages the funds raised in the Ether sale and determines the long-term vision and direction of Ethereum. Stephan Tual, chief communications officer for the Ethereum project, told Bitcoin Magazine that the new executive director and board members represent a fresh start, a […]

The post New Ethereum Foundation Executive Director and Board Members Signal a Reboot for Ethereum appeared first on Bitcoin Magazine.

Posted on 31 July 2015 | 10:37 am

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

Microsoft's Bing Launches Bitcoin Rewards Sweepstakes

A new partnership between Bing Rewards and startup Tango Card will let users of the search engine receive rewards in bitcoin.

Posted on 31 July 2015 | 8:20 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

Report: Tokyo Police Seeking Fraud Charges Against Mt Gox CEO

The Tokyo Metropolitan Police is reportedly pursuing fraud charges against Mt Gox CEO Mark Karpeles.

Posted on 30 July 2015 | 2:08 pm

Kaspersky Data Shows Bitcoin Malware Attacks Declining in 2015

A new report from Kaspersky Lab shows that developers continue to target users with malware geared toward illicitly generating or stealing bitcoins.

Posted on 30 July 2015 | 12:51 pm

Five Recommendations for Bitcoin Companies to Ensure Compliance with the Department of Justice

This is a guest post by Eugene Illovsky, a partner at Morrison & Foerster in Palo Alto.  He advises on corporate compliance and represents companies in their interactions with government investigatory, enforcement, and prosecutorial authorities. What compliance expectations does the Department of Justice have for businesses entering the virtual currency space? How can a company meet those expectations to stay out of trouble with DOJ, or at least mitigate the effects of any criminal inquiry on it as well as its executives, employees and investors? A recent speech by the Criminal Division head, Assistant Attorney General Leslie Caldwell, provides critical guidance on DOJ’s “approach to the emerging virtual currency landscape” and expands on its view that “compliance and cooperation from exchanges, […]

The post Five Recommendations for Bitcoin Companies to Ensure Compliance with the Department of Justice appeared first on Bitcoin Magazine.

Posted on 30 July 2015 | 11:38 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

US Presidential Candidate Rick Perry Reveals Bitcoin Stance

US presidential candidate Rick Perry has stated he supports "regulatory breathing room" for digital currencies such as bitcoin.

Posted on 29 July 2015 | 1:53 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

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

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

Bitcoincharts and SSL

Posted on 4 March 2014 | 2:21 pm

Mt.Gox Statement

Posted on 3 March 2014 | 3:44 am

August 4, 2015 -
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