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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

Expedia to accept Bitcoin payments for hotel bookings

Posted on 12 June 2014 | 12:41 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

Bitcoin Defender Speaks Out at London Blockchain Event - CoinDesk


CoinDesk

Bitcoin Defender Speaks Out at London Blockchain Event
CoinDesk
Making the conference keynote, Dixon laid out the history of bitcoin and blockchain companies, especially those working in the financial services sector, and what he considers lies ahead for the rapidly evolving industry. Dixon's take as a venture ...

Posted on 1 October 2016 | 9:06 am

'Money Mule' Scams Adopting Bitcoin ATMs For Transferring Hacked Funds - CryptoCoinsNews


CryptoCoinsNews

'Money Mule' Scams Adopting Bitcoin ATMs For Transferring Hacked Funds
CryptoCoinsNews
She then received a QR code to save on her smartphone and given the location of the closest bitcoin ATM. She was sent an instructional Youtube video on how to make payments using a Lamassu bitcoin ATM and told to process the payment within three ...
Number of Bitcoin ATMs Has More Than Doubled In Past 18 MonthsThe Merkle

all 2 news articles »

Posted on 1 October 2016 | 7:44 am

Community Prefers Bitcoin As Exchange Medium Over Store of Value, Survey Shows - CoinTelegraph


CoinTelegraph

Community Prefers Bitcoin As Exchange Medium Over Store of Value, Survey Shows
CoinTelegraph
According to the outcomes of a community survey released by the Foundation, 37% of the respondents choose to focus on Bitcoin as a medium of exchange - i.e. used to actually buy things - over its use as a store of value (18%), 10% who do not know and ...

Posted on 1 October 2016 | 6:40 am

Bitcoin Unlimited Team May Have Received Stolen Kraken Funds - The Merkle


The Merkle

Bitcoin Unlimited Team May Have Received Stolen Kraken Funds
The Merkle
Although this news has gone by largely unnoticed, some users have been keeping tabs on the funds. As it turns out, the funds have ended up in the donation address for Bitcoin Unlimited. A coincidence, or did the hacker realize there is no way to ...

Posted on 1 October 2016 | 2:37 am

Would a Deutsche Bank Collapse Impact Bitcoin Prices? - CoinDesk


CoinDesk

Would a Deutsche Bank Collapse Impact Bitcoin Prices?
CoinDesk
"The capital markets have awakened to bitcoin as a disaster hedge," analyst Chris Burniske told CoinDesk. The digital currency doesn't correlate with other asset classes, an aspect that may make it more attractive in times of uncertainty, said Burniske ...

and more »

Posted on 30 September 2016 | 11:03 am

Bitcoin Unlimited Announces Research Grant Program - CoinDesk


Bitcoin Unlimited Announces Research Grant Program
CoinDesk
The statements reflect criticisms of Bitcoin Core, the protocol's dominant development team, who have pushed to implement top-level networks that extend bitcoin's functionality without altering its current blockchain rules. Bitcoin Unlimited, by ...

Posted on 30 September 2016 | 9:34 am

Bitcoin Tracker: The Unbanked-Profit Dilemma - PYMNTS.com


PYMNTS.com

Bitcoin Tracker: The Unbanked-Profit Dilemma
PYMNTS.com
Can bitcoin be a way to financial inclusion? Perhaps only if the banks are on board and the infrastructure can reach the poorer populations. This week's news for bitcoin highlights some activities that are targeting the unbanked in developing economies ...

and more »

Posted on 30 September 2016 | 7:00 am

'Money Mule' Gangs Turn to Bitcoin ATMs - Krebs on Security


'Money Mule' Gangs Turn to Bitcoin ATMs
Krebs on Security
As the above Youtube video demonstrates, sending funds merely requires the user to scan a QR code shared by the intended recipient, and then insert cash into the Bitcoin ATM. Because Bitcoin is a non-refundable form of payment, once the money is sent ...

Posted on 29 September 2016 | 11:36 am

Why Blockchain Won’t Disrupt Banks First

Despite the promise that blockchain holds for banking, the sector will likely not be first to put the burgeoning technology into real-world action.

Source

Posted on 1 October 2016 | 10:17 am

Bitcoin Defender Speaks Out at London Blockchain Event

Simon Dixon, CEO of BnktotheFuture, lays out his vision for blockchain startups and makes the case for bitcoin.

Source

Posted on 1 October 2016 | 8:59 am

Would a Deutsche Bank Collapse Impact Bitcoin Prices?

Deutsche bank is facing rising pressure that could result in the firm's financial insolvency.

Source

Posted on 30 September 2016 | 10:57 am

Bitcoin Unlimited Announces Research Grant Program

The team behind a long-contentious proposal to upgrade the bitcoin protocol is making new funding available for research.

Source

Posted on 30 September 2016 | 9:33 am

The Case Against Editable Blockchains

Making blockchains editable opens up financial systems to the potential for fraud, says author and investor Brian Kelly

Source

Posted on 30 September 2016 | 5:45 am

Lightning Test Moves Bitcoin Scaling Into Striking Distance

A lesser-known startup has successfully tested an important piece of bitcoin's scaling puzzle.

Source

Posted on 29 September 2016 | 3:52 pm

UBS Unveils Blockchain for Trade Finance at Sibos

Nothing to see here, just reimagining international trade!

Source

Posted on 29 September 2016 | 1:00 pm

Indian Bitcoin Exchange Unocoin Raises $1.5 Million

Indian bitcoin exchange startup Uncoin has raised $1.5m in a new funding round.

Source

Posted on 29 September 2016 | 12:28 pm

Why Rabobank's Blockchain Cross-Border Tool Isn't Just a Database

Dutch multinational bank Rabobank today announced a cross-border payments tool its creators argue is more powerful than a database.

Source

Posted on 29 September 2016 | 10:03 am

Inside Bank of America's New Microsoft-Powered Blockchain Project

The inside story of how Microsoft and Bank of America worked together to build a blockchain prototype for trade finance.

Source

Posted on 29 September 2016 | 6:10 am

UK Dependency Adjusts Laws for Digital Currency

The UK crown dependency of Jersey is pushing ahead with its digital currency legislative plans.

Source

Posted on 29 September 2016 | 4:25 am

In Formal Verification Push, Ethereum Seeks Smart Contract Certainty

CoinDesk spotlights the factors driving ethereum's coding community to embrace the concept of formal verification for smart contracts.

Source

Posted on 28 September 2016 | 12:07 pm

CME Group Adds New Exchange to Bitcoin Index

CME Group has added China-based digital currency exchange OKCoin to its bitcoin pricing indexes, first announced in May.

Source

Posted on 28 September 2016 | 9:08 am

Momentum Grows for Blockchain Action in Washington

Recent developments around blockchain in Washington, DC are setting the stage for even bigger moves in the year ahead.

Source

Posted on 28 September 2016 | 7:20 am

ASX Sets Date for Decision on Blockchain Transition

ASX says it intends to decide on whether it will migrate to a blockchain-based settlement system by the end of 2017.

Source

Posted on 28 September 2016 | 6:40 am

CGI Launches Blockchain Lab for Trade Finance

CGI has launched a blockchain trade finance and supply chain laboratory to explore applications of blockchain technology.

Source

Posted on 28 September 2016 | 6:01 am

Why Bitcoin Mining Pools Aren’t Incentivized to Broadcast Blocks Quickly

It is generally accepted that latency in block propagation is one of the bottlenecks for Bitcoin scaling. This is why many of Bitcoin’s most...

The post Why Bitcoin Mining Pools Aren’t Incentivized to Broadcast Blocks Quickly appeared first on Bitcoin Magazine.

Posted on

Synereo and NFX Guild Launch Strategic Partnership to Build a Decentralized Internet

In a major step forward for collaboration in building decentralized apps on blockchain technology, NFX Guild, a Silicon Valley startup...

The post Synereo and NFX Guild Launch Strategic Partnership to Build a Decentralized Internet appeared first on Bitcoin Magazine.

Posted on

Wealth and Asset Management Report Predicts Blockchain Use by 2021

A new report from Roubini ThoughtLab has found that over the next five years blockchain use is set to grow by 43 percent. Teaming up with a...

The post Wealth and Asset Management Report Predicts Blockchain Use by 2021 appeared first on Bitcoin Magazine.

Posted on

Op-Ed: Blockchain Can Make Globalization Work

De-globalization is not just about Brexit and rising U.S. protectionism. It is much more than that. It's a pervasive negative attitude...

The post Op-Ed: Blockchain Can Make Globalization Work appeared first on Bitcoin Magazine.

Posted on

New Bipartisan Blockchain Caucus Will Promote the Use of Bitcoin and Blockchain Technology

A year ago, Bitcoin Magazine highlighted the work of U.S. Congress Representative Jared Polis and noted his work meeting with politicians...

The post New Bipartisan Blockchain Caucus Will Promote the Use of Bitcoin and Blockchain Technology appeared first on Bitcoin Magazine.

Posted on

Op-Ed: Ethereum vs Ethereum: Which Is the Ship of Theseus?

Imagine this scenario: Tom owes you money. Years later, Tom clones himself and claims the clone to be the real Tom, trying to write off all...

The post Op-Ed: Ethereum vs Ethereum: Which Is the Ship of Theseus? appeared first on Bitcoin Magazine.

Posted on

Understanding Soft Forks: A Core Developer’s View on Network Monopoly

Since the beginning of the development of Segregated Witness, an increasing number of alternative Bitcoin hard fork supporters have...

The post Understanding Soft Forks: A Core Developer’s View on Network Monopoly appeared first on Bitcoin Magazine.

Posted on

October 1, 2016 -
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