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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

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

Expedia to accept Bitcoin payments for hotel bookings

Posted on 12 June 2014 | 12:41 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

What Your CEO Is Reading: Bitcoin or Bust in Venezuela; Lessons from HP; Tracking iPhone Hackers - Wall Street Journal (blog)


Wall Street Journal (blog)

What Your CEO Is Reading: Bitcoin or Bust in Venezuela; Lessons from HP; Tracking iPhone Hackers
Wall Street Journal (blog)
Every week, CIO Journal offers a glimpse into the mind of the CEO, whose view of technology is shaped by stories in management journals, General interest magazines and, of course, in-flight publications. Bitcoin mining in Venezuela. One consequence of ...

and more »

Posted on 2 December 2016 | 12:25 pm

Coders Named After Harry Potter Characters Join Bitcoin's 'Mimblewimble' - CoinDesk


CoinDesk

Coders Named After Harry Potter Characters Join Bitcoin's 'Mimblewimble'
CoinDesk
By rearranging bitcoin's transaction structure in such a way, the proposal helps with two things: scaling the bitcoin network to a greater number of transactions and increasing the privacy of user's transactions. The downside of Mimblewimble is that ...

Posted on 2 December 2016 | 11:00 am

Bitcoin price climbs to highest level in nearly 3 years - MarketWatch


MarketWatch

Bitcoin price climbs to highest level in nearly 3 years
MarketWatch
The price of a single bitcoin US:BTCUSD touched $777 on Friday, its strongest level since February 2014, when reports that hackers had stolen millions of dollars' worth of customers' bitcoins from Mt. Gox, formerly one of the world's largest bitcoin ...

and more »

Posted on 2 December 2016 | 10:13 am

Bitcoin Price Reaches 2-Year High in China; Experts Predict Bull Market Likely to Continue - Bitcoin Magazine


Bitcoin Magazine

Bitcoin Price Reaches 2-Year High in China; Experts Predict Bull Market Likely to Continue
Bitcoin Magazine
The price of bitcoin in China surpassed two-year highs on leading Chinese exchanges today, as Chinese investors continue to seek safe digital havens for their funds. Last month Bitcoin Magazine reported that the continuous devaluation of the Chinese ...

Posted on 2 December 2016 | 9:49 am

Bitcoin Users Brace For IRS Audits From Coinbase Summons - Forbes


Forbes

Bitcoin Users Brace For IRS Audits From Coinbase Summons
Forbes
Many Bitcoin and other digital currency users are worried that the IRS will get their account information from Coinbase. What's more, the IRS can use it to audit them, or worse, to mount a criminal investigation. Is it time to panic? Not quite ...
Court Rules IRS Can Seek Information on Bitcoin CustomersWall Street Journal
Bitcoin service ordered to hand over three years of user records to IRSThe Verge
Bitcoin anonymity no longer guaranteed; summons served to U.S. exchangeDigital Trends
Gizmodo -RT -CNNMoney -US Department of Justice
all 69 news articles »

Posted on 2 December 2016 | 7:14 am

Coinbase Seeks Patent for Bitcoin Private Key Security System - CoinDesk


Coinbase Seeks Patent for Bitcoin Private Key Security System
CoinDesk
Bitcoin and ether exchange startup Coinbase is seeking a patent for a security system for bitcoin private keys. According to an application published on 24th November by the US Patent and Trademark Office (USPTO), Coinbase is aiming to patent a ...

Posted on 2 December 2016 | 6:54 am

Bitcoin Loan Platform BitLendingClub Announces Shutdown - CoinDesk


Bitcoin Loan Platform BitLendingClub Announces Shutdown
CoinDesk
Peer-to-peer bitcoin lending platform BitLendingClub has announced that it is shutting down next year. First detailed in an email to users and later a blog post on its website, BitLendingClub said that "regulatory pressure" in Bulgaria, where the site ...

and more »

Posted on 2 December 2016 | 6:17 am

Pros and Cons of Starting Bitcoin Mining Farm, No More Child's Play - CoinTelegraph


CoinTelegraph

Pros and Cons of Starting Bitcoin Mining Farm, No More Child's Play
CoinTelegraph
Remember the days when computer CPUs (central processing units) were widely used to mine Bitcoin? Miners quickly moved on to using the GPUs (graphical processing units), as it was discovered that they could offer more hashing power compared to ...

Posted on 2 December 2016 | 3:39 am

Coders Named After Harry Potter Characters Join Bitcoin’s 'Mimblewimble'

One of bitcoin's more forward-looking projects has attracted a group of developers who are using some obscure names from the Harry Potter series.

Source

Posted on 2 December 2016 | 10:54 am

R3's Corda Code Debut Draws Mixed Response

The launch of blockchain consortium R3CEV's open-source Corda platform is receiving mixed responses.

Source

Posted on 2 December 2016 | 8:55 am

Coinbase Seeks Patent for Bitcoin Private Key Security System

Bitcoin and ether exchange startup Coinbase is seeking a patent for a security system for bitcoin private keys.

Source

Posted on 2 December 2016 | 6:51 am

Bitcoin Loan Platform BitLendingClub Announces Shutdown

Peer-to-peer bitcoin lending platform BitLendingClub has announced that it is shutting down next year.

Source

Posted on 2 December 2016 | 6:06 am

The Bitcoin Price Keeps Breaching $750

Bitcoin surpassed $750 on 1st December, rising past this key psychological level but failing to reach $755.

Source

Posted on 1 December 2016 | 3:21 pm

How Developers Are Responding to Ethereum's Unexpected Fork

An unintentional split of the network was the latest event to shake ethereum.

Source

Posted on 1 December 2016 | 10:59 am

Finland's Central Bank Organizes Blockchain Event

Finland’s central bank co-organized a seminar on blockchain last week.

Source

Posted on 1 December 2016 | 10:01 am

Australian Digital Currency Advocates Launch Self-Regulation Effort

Digital currency advocates in Australia have launched a new code of conduct initiative aimed at promoting self-regulation.

Source

Posted on 1 December 2016 | 8:43 am

Major Japanese Banks Seek Lower Costs With Blockchain Payments

A group of major Japanese banks has published the first results of a blockchain interbank payments trial.

Source

Posted on 1 December 2016 | 6:59 am

China's Huiyin Group Launches $20 Million Bitcoin Fund

Multibillion-dollar investment company Huiyin Group has launched a $20m bitcoin-focused investment fund.

Source

Posted on 1 December 2016 | 6:10 am

Zcash Prices Are Finally Beginning to Show Some Stability

Zcash (ZEC) price movements enjoyed relative stability on 30th November, contrasting with its volatile early history.

Source

Posted on 1 December 2016 | 5:30 am

A Judge Just Cleared the Way for the IRS to Seek Coinbase Customer Data

The IRS can serve bitcoin and ether exchange startup Coinbase with a summons for information about its users, a federal judge has ordered.

Source

Posted on 30 November 2016 | 3:41 pm

Japan Exchange Group Expands Blockchain Trials

The Japan Exchange Group (JPX) has formed a consortium between several companies within its umbrella to test a blockchain proof-of-concept.

Source

Posted on 30 November 2016 | 12:36 pm

Illinois Unveils Blockchain Policy in Bid to Attract Industry Innovators

The State of Illinois today announced an ambitious plan to encourage government and private sector blockchain innovation.

Source

Posted on 30 November 2016 | 10:50 am

IBM Tests Blockchain for Supply Chain With India’s Mahindra Group

Indian business conglomerate Mahindra Group is working with IBM to develop blockchain-based supply chain applications.

Source

Posted on 30 November 2016 | 9:42 am

Blockchain Pros Debate 'Looming Challenges' for Smart Contracts

Two "looming challenges" may stand between smart contract potential and actual widespread adoption.

Source

Posted on 30 November 2016 | 7:46 am

Hyperledger Blockchain Project Passes 100-Member Milestone

The Linux Foundation-led Hyperledger project has announced it now has 100 institutional members backing the open-source blockchain effort.

Source

Posted on 30 November 2016 | 6:38 am

WeChat-Inspired Wallets Are Coming to Ethereum

Ethereum will soon be getting a wallet with a WeChat-like interface.

Source

Posted on 30 November 2016 | 5:28 am

R3 Releases Code for Distributed Ledger Tech Corda

R3CEV, the startup behind the global bank consortium focused on distributed ledger applications, has open sourced the code for its Corda platform.

Source

Posted on 30 November 2016 | 2:35 am

Bitcoin Price Reaches 2-Year High in China; Experts Predict Bull Market Likely to Continue

The price of bitcoin in China surpassed two-year highs on leading Chinese exchanges today, as Chinese investors continue to seek safe...

The post Bitcoin Price Reaches 2-Year High in China; Experts Predict Bull Market Likely to Continue appeared first on Bitcoin Magazine.

Posted on

WikiLeaks’ Public Donation Address Receives 4000th Bitcoin

WikiLeaks’ public donation address recently received its 4000th bitcoin. The nonprofit whistle blower site, which to a large extent relies...

The post WikiLeaks’ Public Donation Address Receives 4000th Bitcoin appeared first on Bitcoin Magazine.

Posted on

Hyperledger Project Hits 100 Members With Addition of China's SinoLending, Gingkoo, ZhongChao

Hyperledger Project, an open source blockchain initiative hosted by the Linux Foundation, has hit a major milestone of 100 active members....

The post Hyperledger Project Hits 100 Members With Addition of China's SinoLending, Gingkoo, ZhongChao appeared first on Bitcoin Magazine.

Posted on

Smart Contract Symposium to Convene in Times Square as “Completely New U.S. Government” Looms

The inaugural Smart Contract Symposium convenes December 5 in Times Square, not far ahead of the seating of the 45th President of the United...

The post Smart Contract Symposium to Convene in Times Square as “Completely New U.S. Government” Looms appeared first on Bitcoin Magazine.

Posted on

BitSE Launches Blockchain-Based VeChain Platform, Teams Up With PwC

Shanghai-based Blockchain-as-a-Service (BaaS) company, BitSE, is opening possibilities for every industry with the official launch of...

The post BitSE Launches Blockchain-Based VeChain Platform, Teams Up With PwC appeared first on Bitcoin Magazine.

Posted on

Bitcoin Companies Gear Up to Give Back on Bitcoin Giving Tuesday

Social and philanthropic use cases involving bitcoin have increased over the years, helping to push its adoption. This year, the bitcoin...

The post Bitcoin Companies Gear Up to Give Back on Bitcoin Giving Tuesday appeared first on Bitcoin Magazine.

Posted on

Bitcoin Black Friday Deals for the Digital Currency Enthusiast

On the day after American Thanksgiving, bitcoiners (along with everyone else) will begin their holiday shopping in earnest, with Bitcoin...

The post Bitcoin Black Friday Deals for the Digital Currency Enthusiast appeared first on Bitcoin Magazine.

Posted on

Where Bitcoin Mining Pools Stand on Segregated Witness

For the first time, bitcoin miners have been able to signal support for Segregated Witness this past week. Developed as a soft fork, the...

The post Where Bitcoin Mining Pools Stand on Segregated Witness appeared first on Bitcoin Magazine.

Posted on

IRS vs Coinbase: Massive Implications for Bitcoin, Digital Currencies

Coinbase’s Taxing Saga With the IRS: What Does It Really Mean? The recent Internal Revenue Service request to Coinbase, seeking records of...

The post IRS vs Coinbase: Massive Implications for Bitcoin, Digital Currencies appeared first on Bitcoin Magazine.

Posted on

December 2, 2016 -
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