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MIT Bitcoin Club Names Final Winners of $15,000 App Contest

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The final winners of the summer-long bitcoin app development contest at the Massachusetts Institute of Technology have been announced.
The grand prize of $5,000 went to the team behind Ethos, a platform for establishing and maintaining private online identification using the block chain. The team previously picked up prizes in the first and second rounds.
The [...]

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Huobi Dig-VC title page

Huobi’s Fixed-Return Financial Product Sells Out in One Hour

Huobi Dig-VC title page

Beijing based exchange Huobi has sold all available subscriptions to a new 60-day fixed-term financial product for bitcoin investors.
The product, which is effectively a bitcoin ‘certificate of deposit‘, is called ‘Dig-VC‘ and offers a guaranteed interest rate for investors. Notably, returns are backed by Digcoin – a new bitcoin mining services platform built by Huobi.
Both will form [...]

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University of Zurich

Switzerland’s Largest University Tests ‘Touchless’ Bitcoin Payments Solution

University of Zurich

Switzerland’s University of Zurich is integrating a student-made bitcoin payments solution into one of its cafeterias as part of a two-week trial.
Called CoinBlesk, the mobile payments platform uses two-way near-field communication (NFC) technology and was developed as part of a student project to create an open-source bitcoin spending tool.
Students will be [...]

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Pawan Kumar, CEO of CRXzone

CRXzone Launches as Singapore’s First Bitcoin and Litecoin Exchange

Pawan Kumar, CEO of CRXzone

Singapore’s latest exchange, CRXzone, has become the first platform to offer both litecoin and bitcoin trading in the country.
Like others in the Asian region, the exchange aims to attract an international customer base by offering additional bitcoin services beyond trading.
CEO Pawan Kumar spoke to CoinDesk about the exchange’s unique funding and payment options, [...]

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vinyl record shutterstock

New ‘Sound Wallet’ Stores Your Private Keys on Vinyl

vinyl record shutterstock

For digital currency users looking to secure their e-fortune, one project is offering a new way to store private keys: on vinyl.
Sound Wallet promises to store users’ private keys as encrypted audio files across a range of products – including CDs and 7-inch vinyl disks.
Theodore Goodman, the brains behind the project, said he used the iconic [...]

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Antonopoulos Leaves Blockchain Security Role to Become Board Advisor

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Pawan Kumar, CEO of CRXzone

CRXzone Targets Singapore Market With Bitcoin and Litecoin Trading

Pawan Kumar, CEO of CRXzone

Singapore’s latest exchange, CRXzone, has become the first platform to offer both litecoin and bitcoin trading in the country.
Like others in the Asian region, the exchange aims to attract an international customer base by offering additional bitcoin services beyond trading.
CEO Pawan Kumar spoke to CoinDesk about the exchange’s unique funding and payment options, [...]

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urocoin

All Things Alt: Dogecoin’s Future Prep, Strange Gold Pegs and a Friendly Scam

Sad the summer months are nearly over? Excited about what the fall may bring for the altcoin community, or the digital currency world as a whole?
You aren’t alone, as many investors, traders, developers and everyone in between are no doubt gearing up for what could be a make-or-break season for block chain technology. While the last few weeks haven’t been [...]

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3 Forces Shaping Next-Generation Bitcoin Exchanges

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Investors and venture capitalists have developed a healthy appetite for funding bitcoin exchange services in recent months.
As the exchange system represents a key element of the broader bitcoin economy, it’s unsurprising that these companies are able to secure working capital. A closer look at recent news events, however, reveals that underlying trends may [...]

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Sending money

The Short-Term View on Bitcoin Remittances

Luis Buenaventura is the head of product at Satoshi Citadel Industries, and “dreams of a world where everyone has access to everything”. 
Satoshi Citadel Industries describes itself as a “provider of bitcoin solutions” and manages a range of different digital currency services and sites, including Bitmarket, in-beta exchange Coinage, photo-sharing site Bitstars.ph, and remittance service ReBit.
SCI is also rolling out pre-loaded bitcoin cards as another speedy way [...]

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US state flags

5 US States Poised to Promote Bitcoin-Friendly Regulation

US state flags
Given the recent critiques of New York and its proposed framework for bitcoin businesses, many of the law’s opponents are no doubt hoping the state and its regulators will alter the bill during its now extended comment period.
After all, New York’s BitLicense proposal, once approved, could prove influential at shaping wider [...]

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isle of man flag

Meet the British Crown Dependencies Vying To Become Bitcoin Island

isle of man flag

Bitcoin entrepreneurs seeking a friendly jurisdiction for their business could do worse than end up on the Isle of Man, the picturesque British Crown dependancy located in the Irish Sea.
The island’s government has been quick to embrace cryptocurrency companies, by offering a regulatory environment friendly to digital currencies while promoting other [...]

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Community Honors Hal Finney with Bitcoin Fund for ALS Research

In the wake of bitcoin groundbreaker Hal Finney’s passing a few days ago, some prominent figures in the bitcoin community have teamed up in a campaign to raise funds for research into amyotrophic lateral sclerosis (ALS).
Erik Voorhees, co-founder of Coinapult, Jason King of Sean’s Outpost, bitcoin evangelist Roger Ver, BitPay and the Bitcoin Foundation have collaborated to provide a way to donate [...]

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9 companies that should really accept bitcoin

9 Companies That Should Really Start Accepting Bitcoin

There once was a time when owning bitcoin meant keeping it idle and unspent in your wallet of choice.
Considering that bitcoin was designed to be transacted, the lack of merchants that accepted bitcoin back then was frustrating to many in the community.
Luckily for us, things have changed.
9 companies that should really accept bitcoin
Some [...]

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Charlie Shrem

Charlie Shrem Hopes to Walk Free After Guilty Plea Deal

Charlie Shrem

Bitcoin entrepreneur and former BitInstant CEO Charlie Shrem hopes to walk free after striking a deal to plead guilty to ‘unlicensed money transmission’ in New York.
For Shrem, it’s the end of seven months of house arrest, restrictions on movement and uncertainty.
The plea bargain is a step down from prosecutors’ original charges and strong [...]

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capitol hill washington

Gallery: Chamber of Digital Commerce Holds Bitcoin Education Day in DC

capitol hill washington
The Chamber of Digital Commerce (CDC) held Congressional Bitcoin Education Day today, a Washington, DC-based event aimed at fostering awareness of bitcoin and its related technology among Congressional staff members in US Congress.
The event saw more than 30 bitcoin professionals from 12 states meet with the staff of six US [...]

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Air Lituanica

Air Lituanica Shows Bitcoin’s Use in Travel is Taking Flight

Air Lituanica
Air Lituanica is now accepting bitcoin for flight tickets as part of its ongoing bid to embrace new and innovative methods of serving customers.
With the news, the two-plane, Lithuania-based airline becomes the second airline, and second in eastern Europe, to add bitcoin payments following airBaltic’s July announcement.
In a blog post, Air [...]

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20111

Hal Finney on Bitcoin: In His Own Words

20111
Hal Finney was arguably one of the earliest bitcoin pioneers, having been the second person to receive a bitcoin transaction after Satoshi Nakamoto himself.
Yet beyond his role in the history of digital currency, Finney was also a cryptographic master, a veteran of bitcoin mining and a voice – sometimes prophetic – within [...]

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DigitalBTC Reports $4 Million Revenue in Preliminary Annual Results

Financial results Shutterstock

DigitalBTC has released the first set of financial results for a publicly traded bitcoin company.
The Australia-based bitcoin mining services provider has emerged as an industry leader, making history when it debuted on the Australian Securities Exchange (ASX) last June. As such, digitalBTC provides a unique window into the bitcoin mining industry, a [...]

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ombushop

Argentina’s OmbuShop Adds Bitcoin Payment Option for 2,000 Merchants

ombushop
OmbuShop has announced a new partnership that will allow 2,000 merchants in Latin America to add bitcoin as a payment option for their online stores.
Founded in 2011, the e-commerce website provider primarily caters to clothing and accessory merchants. OmbuShop is based in Argentina, but serves Colombia, Chile, Mexico and Spain.
Speaking to CoinDesk, OmbuShop [...]

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Xapo Debit Card

New Xapo Deposit Feature Lets Users Buy Bitcoin Via Wire Transfer

Xapo Debit Card

Bitcoin service provider Xapo has launched a new feature that enables users to purchase bitcoins directly from the company.
The company announced the new service, Xapo Deposit, via its blog earlier this week. According to Xapo, users can now send euro and US dollar payments via wire transfer and receive bitcoin in return.
Going full [...]

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UAE’s First Bitcoin Exchange Launches in Dubai

Dubai_skyline

Multinational bitcoin exchange igot will today launch the first bitcoin exchange in the United Arab Emirates (UAE), to capitalize on the unique opportunity posed by the market.
The Australia-based company’s founder Rick Day told CoinDesk the new exchange will operate with a Commercial Brokerage License, approved by the local government. It has also secured [...]

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Vytautas Karalevičius, SpectroCoin

SpectroCoin Takes on BitPay in Europe With Bitcoin Processing Solution

Vytautas Karalevičius, SpectroCoin
SpectroCoin has launched a new bitcoin merchant processing solution for the European market, adding yet another vertical to its suite of solutions.
The UK and Lithuania-based company also offers a bitcoin wallet and a bitcoin brokerage, services that it believes will position it to become an all-in-one financial services company comparable [...]

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hal finney

Bitcoin Pioneer and First Bitcoin Recipient Hal Finney Passes Away

hal finney
The bitcoin world lost one of its earliest pioneers today with the legal passing of Hal Finney, the recipient of the world’s first bitcoin transaction and its first identified developer after Satoshi Nakamoto. He was 58 years old.
Finney had been diagnosed with the disease ALS (Amyotrophic lateral sclerosis, or Lou Gehrig’s [...]

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trading

What Makes Bitcoin Exchanges Tick?

trading
Exchanges play a central role in the bitcoin ecosystem. In addition to facilitating trade, they set exchange rates between bitcoin and fiat currencies such as the US dollar or the euro.
Rates can vary widely from exchange to exchange (which is where the arbitrageurs come in) and from minute to minute (where the other traders [...]

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SFU, simon fraser

Simon Fraser First Canadian University to Accept Bitcoin Donations

SFU, simon fraser
Simon Fraser University (SFU) became the first Canadian university to accept bitcoin today, announcing it will now take donations in digital currency.
Founded in 1965, the British Columbia-based university boasts more than 35,000 students, and was recently named as one of the top global universities under 150 years old.
Simon Fraser Bitcoin [...]

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More Merchants to Accept Bitcoin Payments Via BitPay Deal

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Brazil

Which Nation Will Lead South America’s Bitcoin Revolution?

Brazil
Many bitcoin proponents share the belief that digital currency and its underlying technology can radically transform how the world transacts.
They believe the technology can remove the restrictions that have long prohibited economic development in emerging markets: high remittance costs, volatile government-issued currencies and capital controls.
One area that has been of particular interest to the community is [...]

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BitPay to Provide Bitcoin Option for E-Commerce Provider Demandware

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Aon insurance headquarters

Coinbase Names Aon as its Bitcoin Insurance Broker

Aon insurance headquarters

Coinbase has revealed that its users’ online wallets are being insured through top broker Aon.
The news came in a surprise blog post in which the company announced it has been insured against the theft or loss of bitcoin since November 2013, stressing that its users are not being charged for the cover.
The wallet and merchant services provider said it [...]

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transparency fish bowl

Should Bitcoin Groups Be More Transparent?

transparency fish bowl

How much transparency should bitcoin users demand from their local representative groups’ decision-making processes, and how far should those groups go to win and maintain their members’ trust?
The Israeli Bitcoin Association (IBA) says it has a model it would like to see spread around the world, in which board meetings are [...]

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the bit drop

70,000 Caribbean Island Residents to Receive Bitcoin in 2015

the bit drop
All 70,000 residents living on the Caribbean nation of Dominica will be eligible to receive bitcoin as part of The Bit Drop project, an upcoming collaboration between bitcoin businesses, interest groups and local government officials.
Scheduled to take place on 14th March, 2015, The Bit Drop will feature an island-wide party [...]

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Bitcoin Malware Attack Exploits Russia-Ukraine Crisis

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A hacker group is trying to leverage the ongoing conflict between Russia and Ukraine as it distributes malware that is capable of targeting bitcoin wallets.
A report by Bitdefender Labs, a cybersecurity firm that focuses on the digital currency market, highlights how an alleged hacker group disguised one form of malware as another. According to [...]

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satoshitango

Bootstrapping a Bitcoin Startup Amid Argentina’s Financial Uncertainty

satoshitango
While innovative ideas aren’t in short supply in the bitcoin community, bootstrapping a bitcoin business remains a risky proposition no matter how promising the market.
For example, despite the widespread perception that Argentina has emerged as the leading bitcoin market in Latin America, the country still poses a significant challenge for entrepreneurs given its [...]

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Banking Survey: 65% of US Consumers ‘Unlikely’ to Buy Bitcoin

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A new study suggests that many consumers remain cautious about the prospect of purchasing or using digital currency.
The report was written by the Massachusetts Division of Banks (MDB) in conjunction with the Conference of State Bank Supervisors (CSBS), who canvassed more than 1,000 consumers with an online survey that focused on digital currency.
The CSBS, [...]

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Geothermal power

DigitalBTC’s New Mining Centre Powered 100% by Renewable Energy

Geothermal power

Australian bitcoin firm digitalBTC has announced a multi-year hosting and power supply agreement with Verne Global – a UK-based company specialised in “power-conscious” data centre solutions.
Under the agreement, digitalBTC will instal mining hardware at Verne Global’s data centre campus in Iceland, which is powered exclusively by renewable energy, and will source approximately 50% of its power needs from [...]

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Geothermal power

DigitalBTC’s New Mining Centre Powered 100% by Renewable Energy

Geothermal power

Australian bitcoin firm digitalBTC has announced a multi-year hosting and power supply agreement with Verne Global – a UK-based company specialised in “power-conscious” data centre solutions.
Under the agreement, digitalBTC will instal mining hardware at Verne Global’s data centre campus in Iceland, which is powered exclusively by renewable energy, and will source approximately 50% of its power needs from [...]

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Geothermal power

DigitalBTC’s New Mining Centre Powered 100% by Renewable Energy

Geothermal power

Australian bitcoin firm digitalBTC has announced a multi-year hosting and power supply agreement with Verne Global – a UK-based company specialised in “power-conscious” data centre solutions.
Under the agreement, digitalBTC will instal mining hardware at Verne Global’s data centre campus in Iceland, which is powered exclusively by renewable energy, and will source approximately 50% of its power needs from [...]

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in BREAKING NEWS

Geothermal power

DigitalBTC’s New Mining Centre Powered 100% by Renewable Energy

Geothermal power

Australian bitcoin firm digitalBTC has announced a multi-year hosting and power supply agreement with Verne Global – a UK-based company specialised in “power-conscious” data centre solutions.
Under the agreement, digitalBTC will instal mining hardware at Verne Global’s data centre campus in Iceland, which is powered exclusively by renewable energy, and will source approximately 50% of its power needs from [...]

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Apple iPhone with Touch ID

Apple’s New Digital Wallet Patent References ‘Virtualised Currencies’

Apple iPhone with Touch ID

Many analysts expect Apple to enter the mobile payments space soon and a recent patent application that has just been made public appears to back those claims.
The patent application reveals the backend architecture for a versatile mobile “omni-wallet”, and, notably for the cryptocurrency community, also references “virtualised currencies” – although this does not necessarily mean [...]

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Apple iPhone with Touch ID

Apple’s New Digital Wallet Patent References ‘Virtualised Currencies’

Apple iPhone with Touch ID

Many analysts expect Apple to enter the mobile payments space soon and a recent patent application that has just been made public appears to back those claims.
The patent application reveals the backend architecture for a versatile mobile “omni-wallet”, and, notably for the cryptocurrency community, also references “virtualised currencies” – although this does not necessarily mean [...]

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Apple iPhone with Touch ID

Apple’s New Digital Wallet Patent References ‘Virtualised Currencies’

Apple iPhone with Touch ID

Many analysts expect Apple to enter the mobile payments space soon and a recent patent application that has just been made public appears to back those claims.
The patent application reveals the backend architecture for a versatile mobile “omni-wallet”, and, notably for the cryptocurrency community, also references “virtualised currencies” – although this does not necessarily mean [...]

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signature

BlockSign Utilises Block Chain to Verify Signed Contracts

signature
A new company, BlockSign, lets customers digitally sign legally binding contracts and preserve them in the public domain.
Running on the block chain, the decentralised public ledger that records transactions on the bitcoin network, the BlockSign platform provides a way to sign, timestamp and later verify documents on the web.
How BlockSign works
From a user perspective, BlockSign works as [...]

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mitch cahn, Reeds

Reeds Jewelers: Bitcoin Sales Impressive Online and In Store

mitch cahn, ReedsWhile not one of the largest merchants serving the bitcoin space, Reeds Jewelers is unique in that it is one of the only major merchants that has taken a multichannel approach to its bitcoin payments program.
Since 10th June, Reeds has been accepting bitcoin payments through a partnership with Coinbase both online via www.Reeds.com [...]

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Sync Community Raising 15 BTC to Help Lead Developer Leave Gaza

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Mineyuki Fukuda

Japanese Politician to Crowdfund Bitcoin Research Tour

Mineyuki FukudaImage from Mineyuki Fukuda’s crowdfunding campaign page
Japanese politician and bitcoin supporter Mineyuki Fukuda has taken a novel approach to bitcoin research, launching an online crowdfunding campaign to conduct a research tour of bitcoin businesses in the US.
So far, Fukuda has raised 21% of his target ¥600,000 ($1,259) needed to fund the mission, which he is [...]

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Australian Government Portal Publishes Bitcoin Business Guidelines

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KncMiner Becomes Latest Bitcoin Company to Embrace ‘Bits’

KnCMiner has become the latest bitcoin company to join the ecosystem’s ongoing debate over how bitcoin prices should be displayed.
The Sweden-based bitcoin mining company will now display bitcoin prices in bits on its KnC Wallet Android app.
Added denomination “bit” in mobile #Bitcoin wallet. Switch 2 bits feel richer automagically: http://t.co/aXIL2Vp9fG pic.twitter.com/r3V834D3VK
— KNC Miner (@kncminer) August 26, 2014

The news plays into a [...]

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Sync Community Raising 15 BTC to Help Lead Developer Evacuate Gaza

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Aug 26 - flickr nicmcphee miner

Citi: Miners and Merchants Are Keeping Bitcoin Prices Low

Aug 26 - flickr nicmcphee miner

Bitcoin’s price is poised for “acute instability” due to an oversupply of coins from miners and large merchants, along with a weak growth in demand, according to a new research note from financial giant Citi.
The Citi analysis points to the increased sophistication and cost of mining as a major driver [...]

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