08 Dec '12, 2pm

Bitcoin-Central has won the right to operate as a bank. The change in status makes it easier…

I will try. I'm running mining software right now, in fact. Every bitcoin transaction ever made is recorded in a tamper-resistant account book called the "Block chain". A block is just a set of transactions, whose contents are verified by a cryptographic hash that is hard to find. Since it is hard to find, it is hard to fake. Since the hash from the previous block is included as part of the next block, they form a chain, so you can't go back and change a past transaction without changing every single one that comes later. There are many many copies of the account book in circulation (every copy of the official Bitcoin client software that users download gets a copy). So attempted fake transactions have to cross that hurdle also. It takes work to create new blocks and verify transactions. The people who do this (miners) are rewarded with fresh bitcoins (25 at the moment, wo...

Full article: http://www.reddit.com/r/technology/comments/14hy5b/bitcoi...

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Bitcoin exchange wins right to operate as a bank

wired.co.uk 08 Dec '12, 7am

A website that swaps real-world currencies for decentralised virtual bitcoins has been granted the status of a bank. Bitco...

Bitcoin-Central becomes first Bitcoin exchange ...

engadget.com 09 Dec '12, 8am

, but it looks like a European Bitcoin exchange will beat it to the punch. After working with French financial regulators,...

Bitcoin-Central becomes first Bitcoin exchange ...

engadget.com 09 Dec '12, 8am

, but it looks like a European Bitcoin exchange will beat it to the punch. After working with French financial regulators,...

Bitcoins Join Global Bank Network: another rand...

yro.slashdot.org 08 Dec '12, 11am

"Bitcoin-Central, a currency exchange that specialises in virtual cash, has won the right to operate as a bank . They got ...

Bitcoin going mainstream? Exchange approved to ...

mukpin.com 09 Dec '12, 2am

Bitcoin going mainstream? Exchange approved to operate as a bank bitcoin central, a bitcoin exchange that is popular in th...

Bitcoin-Central Attains Bank Status: Thanks to ...

hardocp.com 09 Dec '12, 3pm

Bitcoin-Central Attains Bank Status Thanks to two French financial firms, Bitcoin has now reached bank status, putting the...

Bitcoins join global bank network: A currency exchange that specialises in the virtual currency known as bitcoin...

Bitcoins join global bank network: A currency e...

bbc.co.uk 07 Dec '12, 5pm

7 December 2012 Last updated at 17:07 GMT Share this page Delicious Digg Facebook reddit StumbleUpon Twitter Email Print V...

Bitcoin gains 'bank' status. This is pretty int...

cir.ca 08 Dec '12, 6pm

Through a deal with Credit Mutuel Bank and the investment firm Aqoba in France, Bitcoin-Central now has an international b...

Bitcoin-exchange krijgt status van bank

tweakers.net 08 Dec '12, 12pm

Bitcoin-Central heeft in Europa de status van bank gekregen. Het is voor het eerst dat een bitcoin-exchange zich een bank ...

Bitcoin-Central Becomes First Bitcoin Exchange ...

techmeme.com 08 Dec '12, 5am

Paul Kedrosky / @pkedrosky : @danprimack That piece of yours is a really roundabout way of saying you agree that SEC rules...

Bitcoin-Central Becomes First Bitcoin Exchange to Operate as a Bank via @betabeat

Bitcoin-Central Becomes First Bitcoin Exchange ...

betabeat.com 07 Dec '12, 1pm

Big news for Bitcoin today: in a post on Bitcoin Talk, Paymium CTO David Francois announced that Bitcoin-Central , an exch...

Bitcoin exchange gains clearance to operate as a real bank in France

Bitcoin exchange gains clearance to operate as ...

theverge.com 07 Dec '12, 5pm

Bitcoin-Central is set to become the first Bitcoin exchange to operate as a real bank, thanks to new approvals from French...

Bitcoin-Central Gets Bank Status

Bitcoin-Central Gets Bank Status

fastcompany.com 08 Dec '12, 1am

A Bitcoin exchange has become a Payment Service Provider in Europe after partnering with French banks Aqoba and Credit Mut...

Bitcoin going mainstream? Exchange approved to ...

arstechnica.com 07 Dec '12, 4pm

Bitcoin Central, a Bitcoin exchange that is popular in the eurozone, says it has secured approval from regulators to opera...

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squidoo.com 09 Dec '12, 3pm

Okay, so you want to make some bitcoins but don't know what to do? Once I've shown you the holy grail of free bitcoins you...