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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

BitFury releases report on Bitcoin block size debate - SiliconANGLE (blog)


SiliconANGLE (blog)

BitFury releases report on Bitcoin block size debate
SiliconANGLE (blog)
BitFury Group (Bitfury Holding B.V.), Bitcoin blockchain infrastructure provider and Bitcoin mining hardware maker, recently released a research report [PDF] into what the company believes an increase in the Bitcoin blockchain block size will do for ...

Posted on 1 September 2015 | 3:11 pm

Bitcoin Developers Pen Open Letter on Network Scalability

More than 30 bitcoin developers and contributors have signed a letter that discusses how the project aims to achieve consensus for scalability.

Posted on 1 September 2015 | 12:35 pm

An Open Letter to the Bitcoin Community from the Developers

Editor’s Note: This is a letter to the community written and signed by many of the Bitcoin developers, including the most prolific contributors to (at least) three separate implementations of the Bitcoin system. Signers of this letter represent about 90% of the commits in the last year or two to Bitcoin Core, according to Greg Maxwell. As active contributors to Bitcoin, we share this letter to communicate our plan of action related to technical consensus and Bitcoin scalability. Bitcoin is many things to many people. However, the development and maintenance of Bitcoin is a human endeavor. Satoshi sought review and cooperation, and the subsequent work by Bitcoin’s developers has made the system more secure and orders of magnitude faster. The Bitcoin […]

The post An Open Letter to the Bitcoin Community from the Developers appeared first on Bitcoin Magazine.

Posted on 1 September 2015 | 11:25 am

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Volume of Bitcoin Trades Continues Surge in Brazil

Volume of bitcoin trades in Brazil increased rapidly in Brazil since May. Over the last few months, the volume of all bitcoin trades have risen from US$1.65 million to US$2.6 million, showing a 158 percent monthly increase in trading volumes across all exchanges. In August, Mercado Bitcoin, the largest bitcoin exchange in Brazil alone has processed 28.48 percent of all market share or US$740,480 worth of bitcoin trades. Image via bitValor According to BaseBit founder Daniel Novy, the majority of bitcoin-related news presented by major news outlets in Brazil is negative and affects the potent Brazilian population that is underbanked and underserved by financial institutions. Despite the negative image of bitcoin built by the media, many merchants are becoming more […]

The post Volume of Bitcoin Trades Continues Surge in Brazil appeared first on Bitcoin Magazine.

Posted on 1 September 2015 | 11:12 am

Bitcoin Price Volatile; Levels Remain Strong - newsBTC


newsBTC

Bitcoin Price Volatile; Levels Remain Strong
newsBTC
From the position we found ourselves in this morning, today has not been a good day for our strategy. Having outlined our bitcoin price parameters according to the key levels that we were keeping an eye on, we went into this morning's European session ...

and more »

Posted on 1 September 2015 | 10:38 am

Preliminary, Simplified Implementation of Bitcoin Lightning Network Released

Lightning networks are considered a promising innovation in the Bitcoin space, which would make the Bitcoin system much more scalable and able to process transactions at a high rate and low cost, and are suitable as an alternative to existing payment networks. In February, developers Joseph Poon and Thaddeus Dryja proposed a decentralized Bitcoin Lightning Network where related transactions can take place instantly on “micropayment channels” off-chain, and only the final settlement is processed by the blockchain. According to the authors, lightning networks would enable Bitcoin scalability, efficient micropayments, and near-instant transactions. The Lightning Network white paper, a work in progress, has recently been updated. “The payment network Visa has achieved 47,000 peak transactions per second on its network during […]

The post Preliminary, Simplified Implementation of Bitcoin Lightning Network Released appeared first on Bitcoin Magazine.

Posted on 1 September 2015 | 9:33 am

US Silk Road Agent Pleads Guilty to Money Laundering

A US secret service agent who stole $820,000 worth of bitcoin pled guilty yesterday to money laundering and obstruction of justice.

Posted on 1 September 2015 | 4:01 am

Inside the Movement to Build a Bitcoin-Powered Reddit - CoinDesk


CoinDesk

Inside the Movement to Build a Bitcoin-Powered Reddit
CoinDesk
However, if one former employee and bitcoin developer succeeds on his vision, Reddit's biggest challenge could be a decentralized, bitcoin-based alternative. Called DATT (short for Decentralize All the Things), the still-in-development social network ...

Posted on 1 September 2015 | 3:08 am

Inside the Movement to Build a Bitcoin-Powered Reddit

CoinDesk previews developer Ryan X Charles' forthcoming decentralized Reddit project, now known as DATT.

Posted on 1 September 2015 | 3:04 am

Bitcoin miners DigitalBTC $6.77m in the red - ZDNet


ZDNet

Bitcoin miners DigitalBTC $6.77m in the red
ZDNet
"Despite the unfavourable depreciation of the bitcoin price, I am pleased with the growth the company has achieved from its bitcoin trading and mining activities, which continue to provide strong revenue generation," executive chairman Zhenya ...

and more »

Posted on 31 August 2015 | 9:35 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

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

Posted on 31 August 2015 | 5:15 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

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

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

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

ChangeTip Users Can Now Turn Bitcoin Tips into Gift Cards

ChangeTip users can now withdraw bitcoin from the platform in the form of gift cards, thanks to an integration with Gyft this week.

Posted on 28 August 2015 | 4:36 am

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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

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

Mozilla accepting Bitcoin

Posted on 20 November 2014 | 1:55 pm

PayPal and Virtual Currency

Posted on 23 September 2014 | 9:52 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 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

Mt.Gox Statement

Posted on 3 March 2014 | 3:44 am

September 1, 2015 -
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