Bitcoin continues to grow in popularity for professionals in a wide array of fields. In addition to serving as an attractive method of payment, Bitcoin’s free market, decentralized, cutting edge nature intrigues many professionals. Just last week BitPay, Inc. signed on a new merchant,...
Bitcoin Magazine is privileged to serve as a media partner to the Inside Bitcoins Conference in NYC on July 30! The conference will draw a crowd from the United States and around the world to learn more about this digital, decentralized currency and also to highlight the opportunities...
Bitcoin is only recently entering the conversation in the international political sphere, with a global forum on the legal challenges of virtual currencies having taken place at the World Bank and a paper released by the IMF this month. At this critical point in time, when governments...
Bitcoin Magazine is proud to serve as a sponsor for the Bitcoin London Conference . The conference will bring together Bitcoin entrepreneurs, venture investors, and hedge fund professionals who want to learn more about Bitcoin and digital currencies on July, 2 at Level39 in Canary Wha...
The general consensus view is that it depends on the precise nature of the service in question – specifically, the trust to profit ratio. On the Silk Road, an eBay-style marketplace for illegal drugs that, like TorBroker, uses Tor to help ensure both itself and its users anonymity, th...
a post on the Bitcointalk forum with the following title: “Porcfest 2012: Biggest Bitcoin Event Ever.” Porcfest is one of two annual summits hosted by the Free State Project , a libertarian movement in New Hampshire with over 1,000 active participants, most of whom moved to the state ...
Kenilworth’s founders first found out about Bitcoin in just the same way as so many of the rest of us. “In 2011,” Daniel Prendergast explains, “I was reading an article on Slashdot and was really interested in the emerging technology that is Bitcoin. I was studying for my medical exam...
Jeremias Kangas is the CEO and founder of localbitcoins.com, as well as several other Bitcoin ventures. He is a software developer from Finland and one half of the Kangas bros team. He irradiates optimism about Bitcoin and the endless possibilities it brings, he also understands its r...
Earlier this week, Argentinians suffered from another wake up call. Western Union will no longer accept money transfers between USD and Argentinian Pesos. At the end of May, new stricter regulations on Argentina’s currency exchange prevented Google from even paying Android developers....
The general consensus view is that it depends on the precise nature of the service in question – specifically, the trust to profit ratio. On the Silk Road, an eBay-style marketplace for illegal drugs that, like TorBroker, uses Tor to help ensure both itself and its users anonymity, th...
Buying was not as simple a task as I had hoped. On the day I read Tyler’s post, the Bitcoin-US Dollar exchange rate (BTCUSD) closed at the price of $1.7949. Four weeks later, after jumping through half-a-dozen hoops to get cash onto Mt. Gox, Bitcoin’s oldest exchange, the price had mo...
Just this morning, BitPay, Inc announced it’s newest merchant, Gyft. Gyft, a mobile gift card platform, added support for Bitcoin purchases of gift cards on the Android platform, through its partnership with BitPay Inc, the world’s leading payment processor for Bitcoin. Gyft offers a ...
Conformal , a company focused on building open-source software for privacy and security, has revealed their latest project: btcd, a full Bitcoin reimplementation in Google’s programming language Go . The implementation is not yet entirely done, but most core features such as transacti...
After reaching $20 Billion in mobile transactions, PayPal President appeared on Bloomberg TV’s “The Pulse,” with Guy Johnson to discuss mobile security and share his thoughts on the Bitcoin currency. This morning, PayPal President, David Marcus, expressed his fascination with Bitcoin ...
The paper starts off delineating a clear definition of what virtual currency is: “FinCEN’s regulations define currency (also referred to as “real” currency) as “the coin and paper money of the United States or of any other country that [i] is designated as legal tender and that [ii] c...
What had happened was the following. The latest version 0.8 release of bitcoind, by far the most popular implementation of Bitcoin used by miners, switched the database that it used to store blocks and transactions from BerkeleyDB to the more efficient LevelDB as part of an effort to ...
Finally, we also have another development in Bitcoin security, this time coming from within the existing Bitcoin community: BIPS . The new merchant platform from WalletBit includes a number of upgrades, including significant improvements in usability and, in some cases, lower fees tha...
Just like WordPress, Namecheap’s reasons for accepting Bitcoin are primarily political in nature. As Namecheap community manager Tamar Weinberg wrote, “We’re a freedom loving registrar. We donated over $100,000 to the Electronic Frontier Foundation to help keep the fight for internet ...
For those who dismissed Bitcoin as a pump-and-dump, a fad or a quack, now is the time to repent. Timothy B Lee already has , and we in the cryptocurrency community gladly welcome him. To Doug Casey, Tim Worstall and the others who have disparaged Bitcoin in the past, this moment is as...
Photo: Wallstreet Charging Bull, CC BY 2.0 herval , Flickr A venture capitalist backed Bitcoin company wants to make it safe for U.S. and Canadian investors to do large block trades of Bitcoins and keep them ultra-secure from loss. Coinlab has worked for a year to sign an exclusive lo...
Photo: Wallstreet Charging Bull, CC BY 2.0 herval , Flickr A venture capitalist backed Bitcoin company wants to make it safe for U.S. and Canadian investors to do large block trades of Bitcoins and keep them ultra-secure from loss. Coinlab has worked for a year to sign an exclusive lo...
Altogether, what Ripple has accomplished is impressive. With Ripple, we have a way of sending, receiving, and holding any currency – not just one specific cryptocurrency – in a decentralized way. The currency can be anything; one can imagine storing USD, CAD, gold or even airplane mil...
However, Kahle reminds us, the Internet Archive is a nonprofit organization, and relies heavily on donations to keep its services running. Those who support what the Internet Archive is doing and wish to see it continue to preserve and digitize even more content, as well as those who ...
Since Coin Publishing took over production of Bitcoin Magazine in December 2012, we have made some great improvements to the business operations. The monthly deadlines come so quickly that it is difficult to pass sweeping changes through the narrow windows of opportunity. Instead, it ...
Roughly one year ago the FBI forcibly closed Megaupload and proceeded with criminal cases against its owners. They accused Megaupload owner Kim Dotcom of a number of criminal indictments and begun a legal case. Mega (previously Megaupload) is now accepting Bitcoin through two reseller...
Reddit has just announced that they are now accepting Bitcoin as payment for their premium Reddit Gold service. As Reddit describes it , “reddit gold adds shiny extra features to your account that are made possible thanks to support from people like you,” including filtering specific ...
Network hash power is currently at around 25 TH/s , suggesting that many Avalon customers still have not received their rigs. Once most of Avalon’s customers turn their hardware on and ASICMiner starts hashing, network hash power is expected to increase to about 40-50 TH/s – with some...
At least for now, it seems like the market does not even want a correction. Traditional technical analysis theory introduces a concept of Fibonacci retracements, where a price correction backtracks 38% or 62% (three eights and five eighths, both ratios between small Fibonacci numbers)...
BitStamp’s owner, Nejc Kodric, was first introduced to the Bitcoin community in March 2011, in the same way that so many others were: through mining. Kodric writes: “Back then I owned a computer company – we sold components, laptops, etc. Damijan (a current business partner at Bitstam...
