bitcoinmagazine.com Archives - 17 April 2014, Thursday

  • Litecoin Electrum Beta Testing

    bitcoinmagazine.com 12 Apr '14, 2pm

    Electrum is arguably the most well known Hierarchical Deterministic (HD) wallet, fully implementing BIP0032 . An HD wallet generates all Bitcoin addresses using a specific algorithm from a single seed. A seed is the starting point and can be anything. Further, as Electrum is a ‘Type 2...

  • The US Congress Examines Bitcoin: The Bitcoin economy will be drastically different a

    The US Congress Examines

    bitcoinmagazine.com 11 Apr '14, 9pm

    The Bitcoin economy will be drastically different a year from now, as it is much different today than it was a year ago. Washington will have a huge effect on what direction the Bitcoin markets move, as Congress and regulators shape the rules Bitcoin stakeholders must adhere to. Addit...

  • Where Do You Bitcoin? BitScan Launches Mobile Applications

    bitcoinmagazine.com 11 Apr '14, 5pm

    Late last month BitScan launched their new mobile applications, including a revamp of the company’s popular iOS application. The app is completely redesigned and streamlined for speed. Furthermore, in response to customer demand, the BitScan team has also launched a mobile application...

  • The Bitcoin Phenomenon

    bitcoinmagazine.com 10 Apr '14, 8pm

    There is a new video that is taking the Bitcoin community by storm. Produced by recently launched internet cable brand SQ1 (pronounced square one), the video titled “The Bitcoin Phenomenon” explores the groundbreaking aspects of digital currency. Filled with interviews with some of th...

  • Did the IRS Just Make Bitcoin a New Tax Loophole?

    bitcoinmagazine.com 07 Apr '14, 2pm

    As most people have now heard, the IRS just granted itself the power to tax the gains realized when individuals sell or spend their bitcoins — much like stocks. That means you are also responsible for knowing exactly how much your Bitcoin holdings have increased in dollar terms since ...

  • Data Series: An Interview with John Beccia, General Council of Circle Internet Financial

    bitcoinmagazine.com 05 Apr '14, 6pm

    The DATA annual meeting has quite the star studded list of speakers. Here’s who will be sharing their thoughts in DC next week: Keynote: Benjamin Lawsky, New York State Superintendent of Financial Services Keynote: David Andolfatto, Vice President, Federal Reserve Bank of St. Louis Ad...

  • @virtuallylaw It may be good to get tricked into a profession. #bitcoin @DATAuthority

    DATA Series: Interview of Patrick Murck, General Council of The Bitcoin Foundation

    bitcoinmagazine.com 05 Apr '14, 2am

    At a higher level, I think it is interesting that from a policy perspective you have an incongruity happening. With FinCEN’s guidance they appropriately are very neutral on encouraging how Bitcoin is used, whether it is for investment or as a medium of exchange. FinCEN’s guidance prob...

  • Bitcoin Arrives in Vietnam: First BTC Exchange Launched #bitcoin

    Arrives in Vietnam: First BTC Exchange Launched

    bitcoinmagazine.com 04 Apr '14, 8pm

    On March 24th, Israel’s most reputable exchange entered the booming Vietnamese market. Israel & Bitcoin: Fertile Ground Bit2C Ltd , one of Israel’s largest bitcoin exchanges, was born only one year ago. When Co-founder and CEO Eli Bejerano was introduced to bitcoin, he saw potential f...

  • Mastering Bitcoin Book by Andreas Antonopoulos is Available for P...

    Mastering Bitcoin Book by Andreas Antonopoulos is Available for Pre-order

    bitcoinmagazine.com 29 Mar '14, 7pm

    A few months ago, Andreas Antonopoulos set out to publish the über Bitcoin book. This book would thoroughly cover every aspect of the first cryptocurrency so there would be no questions left to ask. He started by querying the Bitcoin community and asked them to fill in his outline her...

  • Small Washington Town Hit By Mudslide Accepting Bitcoin Donations

    bitcoinmagazine.com 29 Mar '14, 1am

    Last week the rural town of Darrington, WA was hit by a catastrophic landslide. Over 200 rescue workers are currently searching for survivors in an aftermath that covers a square mile and consists of a mixture of mud and debris measuring 15 feet deep in some spots. According to NBC Ne...

  • What to Expect at the Toronto Bitcoin Expo

    bitcoinmagazine.com 28 Mar '14, 1pm

    In two weeks the crypto community will take Canada by storm at the Toronto Bitcoin Expo 2014. Organized by The Bitcoin Alliance of Canada , the conference will span three days, from April 11 to 13. Earlier today, Bitcoin Expo announced exhibitors, sponsors and conference highlights th...

  • Hold on to Your Bitcoins. Why April 8 2014 Might be a Defining Moment in Bitcoin History

    Hold on to Your Bitcoins. Why April 8 2014 Might be a Defining Moment in Bitcoin History

    bitcoinmagazine.com 23 Mar '14, 12am

    Hold on to Your Bitcoins. Why April 8 2014 Might be a Defining Moment in Bitcoin History. Mark your calendars for April 8. It’s been a target day of dread for thousands of companies’ IT departments counting down the days before they cross the “finished” line. There are currently armie...

  • and Namecoin Appear in Draft ICANN Report – U.S. Plans to Relinquish Remaining Control of Internet –

    bitcoinmagazine.com 19 Mar '14, 6pm

    Last Friday, The Internet Corporation for Assigned Names and Numbers (ICANN ) put a process in motion that would transition the role of the United States Government in the Internet’s unique identifier system. The plan marks an important moment, meaning the US Government would relinqui...

  • Ripple Singapore

    bitcoinmagazine.com 18 Mar '14, 6am

    A colleague commented to me recently: if you’re ever explaining Bitcoin to someone and they’re getting it, start talking about Ripple, just to confuse them again. Of course, this was in jest. But, there can be some confusion about Ripple and how it operates. Ripple, just like Bitcoin,...

  • Why Bitcoin really does represent the democratization of money: Bitcoin is commonly regarded as a truly democr...

    Why Bitcoin really does represent the democratization of money

    bitcoinmagazine.com 18 Mar '14, 5am

    Bitcoin is commonly regarded as a truly democratic form of money. Interestingly enough, however, there seem to be various explanations supporting this characterization. Furthermore, at least one of these interpretations have caused some to doubt whether Bitcoin does in fact still repr...

  • The Geostrategic Implications of

    bitcoinmagazine.com 13 Mar '14, 3am

    Argument for the US leading Bitcoin adoption The US exports inflation through the US Dollar’s status as a reserve currency. Over time as countries adopt Bitcoin as legal tender alongside their FIAT currencies, whether voluntarily or not, the Eurodollar inflows will rise as the world s...

  • #bitcoin

    Regulation Update- 02/21/14

    bitcoinmagazine.com 22 Feb '14, 2pm

    Though no major policy developments were announced this week, the highlight seemed to be New York’s Financial Services Superintendent Benjamin Lawsky agreeing to a request for a public question and answer session (“ask me anything”) with users of online content aggregator Reddit. Thou...

  • Bitcoin

    Tulip Mania and Why It Has Nothing To Do With

    bitcoinmagazine.com 16 Feb '14, 8am

    “The bitcoin is a mania like tulip bulbs in the 1600s and Beanie Babies in the 1990s.” – Wall Street Journal “Bitcoins are the tulips of modern times.” – Financial Times “Central Banker On Bitcoin, At Least With Tulipmania You Got a Tulip At The End.” – Forbes Both saw a dramatic rise...

  • California Bill to Legalize Bitcoin and Alternative Currencies

    bitcoinmagazine.com 13 Feb '14, 6pm

    A Bill (act to amend Section 107 of the Corporations Code, relating to business associations) introduced by California State Assembly member and Chairman on Banking and Finance Roger Dickenson on January 15th “AB-129 Lawful money: alternative currency ” (PDF) as Amended January 23, 20...

  • Cleaning up Mark Williams’ Bitcoin FUD From New York DFS: Cleaning up Mark Williams’ Bitcoin FUD From New Yor...

    Cleaning up Mark Williams’ Bitcoin FUD From New York DFS

    bitcoinmagazine.com 02 Feb '14, 9pm

    He speaks of bitcoin concentration of ownership but how does he know? It is established that the world does not know who owns bitcoins. The only record is stored on the block chain public for all to see. Units are organized into wallet ID numbers that are not associated with any known...

  • In Bitcoin We Trust Introduces Bank Wire Transfers

    bitcoinmagazine.com 01 Feb '14, 10pm

    Today, In Bitcoin We Trust, IBWT, announced that they have teamed up with OKPAY to allow customers to use wire transfers to deposit funds in either in either GBP, USD, EURO, or their latest addition, CAD. Individuals already set up with OKPAY will now be able to deposit to IBWT. In Bi...

  • Chicago Sun-Times to Test Bitcoin and Twitter Paywall with Startup BitWall

    bitcoinmagazine.com 01 Feb '14, 9am

    The Chicago Sun-Times, the 9th largest newspaper in the USA, is testing a social paywall that will accept both Tweets and Bitcoin in partnership with the content monetization startup BitWall. For 24 hours on February 1st, 2014, Chicago Sun-Times readers will be prompted to donate Bitc...

  • Bitcoin

    Biggs' Bitcoin Bunk

    bitcoinmagazine.com 31 Jan '14, 2am

    John Biggs has a writing problem. It’s terrible. I too know manias. I see them most often among writers who have a mania for writing even when they have nothing to say. Such is the case with John Biggs’ recent Bitcoin’s Image Problem . First off, Bitcoin’s image problem is evident to ...

  • Fed Banker Tries Criticizing Bitcoin, Ends Up Perfectly Describing The Fed

    Fed Banker Tries Criticizing Bitcoin, Ends Up Perfectly Describing The Fed

    bitcoinmagazine.com 20 Jan '14, 5pm

    In an article for Fox News , senior economist Francois Velde of the Federal Reserve Bank of Chicago describes Bitcoin. “Although some of the enthusiasm for Bitcoin is driven by a distrust of state-issued currency, it is hard to imagine a world where the main currency is based on an ex...

  • Six myths about Bitcoin

    Six myths about

    bitcoinmagazine.com 18 Jan '14, 8pm

    Myth: No one knows who started Bitcoin. Truth: “Satoshi Nakamoto” is a fictional name for a single person, or, potentially, a group of people who wish to remain out of the public eye. Since they’ve managed to do this so far, it’s likely that they have a long history of secrecy keeping...

  • A Word from Jeffrey Tucker: Bitcoin Is Not a Monetary System

    bitcoinmagazine.com 03 Jan '14, 7pm

    Libertarian leader Jeffrey Tucker, CEO of Liberty.me and publisher of Laissez Faire Books, shared with Bitcoin Magazine his views on how Bitcoin is NOT a monetary system. Bitcoin Is Not a Monetary System By Jeffrey Tucker Every since I started writing about cryptocurrency last Spring,...

  • Developer's Introduction to

    bitcoinmagazine.com 01 Jan '14, 9pm

    One of the major advantages of Bitcoin is just how easy it is to work with from a developer’s standpoint. Bitcoin has no third party dependencies, no proprietary APIs, and no rapidly changing interface; all you need is your own favorite programming language, and chances are there is a...

  • Bitcoin

    A Word from BitInstant CEO and Bitcoin Evangelist, Charlie Shrem

    bitcoinmagazine.com 25 Dec '13, 6pm

    On behalf of the Bitcoin Magazine Team, we would like to wish you all a Merry Christmas, Happy Hanukah, and a fantastic New Year! Here is Holiday Greeting from Bitcoin Evangelist, BitInstant CEO, and Bitcoin Foundation Board Vice Chair, Charlie Shrem: Seasons Greetings Bitcoiners! Wha...

  • Bitcoin: China’s New Special Economic Zone -

    China's New Special Economic Zone

    bitcoinmagazine.com 07 Dec '13, 5pm

    After the recent regulatory announcement on the part of the People’s Bank of China, the Bitcoin markets and many in the Chinese Bitcoin community have been in a state of panic. Although the day after the event was relatively calm in the Western world, with Bitcoin markets dropping onl...