Report: Overstock CEO Patrick Byrne says company exploring digital stock offering

Posted on July 31, 2014

On Tuesday, bitcoin-accepting online marketplace Overstock.com quietly updated its website to include an open-source wiki page entitled “How to issue a cryptosecurity.” Not surprisingly, rumors began to spread that the Utah-based retailer might be considering issuing a digital security of its own, something that CEO Patrick Byrne has hinted at before. Through such a system, […]

Read More...

Jersey’s GABI bitcoin fund slated to launch tomorrow

Posted on July 31, 2014

The tiny island nation of Jersey is set to launch a new bitcoin-backed fund tomorrow. The Channel Islands’ Financial Services Commission approved the Global Advisors Bitcoin Investment Fund (GABI) earlier this month, opening the door for the fund. Unlike traditional bitcoin purchases, GABI will be available to institutional investors, such as pension funds, insurance companies […]

Read More...

Online payment processor Stripe launches new cryptocurrency-friendly system Stellar

Posted on July 31, 2014

In the startup world, Stripe is already a Silicon Valley success story. Founded in 2010, the online payment processor has hit most of the high points in the tech company fairy tale: Y Combinator acceptance; over $110 million in investment by venture capital firms like Sequoia Capital, and Andreessen Horowitz; and a massive valuation bubble […]

Read More...

BitPay revises merchant service to be “free, unlimited, forever”

Posted on July 31, 2014

Atlanta-based bitcoin payment processor BitPay has taken a major step towards wooing new merchants, updating their service to eliminate credit-card interchange fees for basic merchant accounts. BitPay’s previous pricing system allowed entry-level merchants to process up to $10,000 per day in bitcoin payments for a flat $30 fee. Enterprise-level accounts will still receive substantial discounts, […]

Read More...

Report: Tokyo police announce formal Mt.Gox criminal investigation

Posted on July 30, 2014

In a report published today by the Wall Street Journal‘s MoneyBeat blog, the Tokyo Metropolitan Police Department said it was launching a formal investigation into the loss of nearly 850,000 bitcoins from the long-shuttered Mt.Gox exchange. Given the size of the heist, and the extraordinary level of coverage the collapse of Mt.Gox has seen both […]

Read More...

Report: ZipZap raises $1.1 million in new funding round

Posted on July 30, 2014

San Francisco-based global payment network ZipZap has secured $1.1 million in a new round of seed funding, bringing the startup’s funding record to $2.7 million. The latest funding round ended in June, and was led by an AngelList syndicate created by Bitcoin Foundation board member Brock Pierce, with additional funds contributed by 500 Startups and […]

Read More...

First Data acquires bitcoin-friendly digital gift certificate provider Gyft

Posted on July 30, 2014

For many bitcoiners, Gyft provides a hugely important link between their BTC holdings and the brick-and-mortar world. By allowing gift cards to some of the world’s largest retailers to be purchased with bitcoin, often at a significant discount, Gyft is also one of the first companies to embrace the power of cryptocurrency in a real-world […]

Read More...

After months of consideration, Wikimedia Foundation now accepts bitcoin

Posted on July 30, 2014

In March, Wikipedia founder Jimmy Wales accidentally set the bitcoin rumor mill churning when he posted to Twitter that he was “playing with BTC.” Hoping to convince Wales, and by extension the Wikimedia Foundation, of bitcoin’s appeal, users began sending Wales donations of small amounts of BTC. Those donations and tips quickly added up, resulting […]

Read More...

Bitcoin-friendly security startup CrowdCurity raises $1 million in seed round funding

Posted on July 29, 2014

In an increasingly software-driven economy, finding security holes is rapidly becoming big business. While large companies are able to hire dedicated security teams to double-check their code, smaller programming startups and app makers don’t always have the money needed to give their programs a thorough stress-test before launch. This can lead to disaster, particularly when […]

Read More...

Report: Coinapult launches new BTC price-pegging service LOCKS

Posted on July 29, 2014

Panama City, Panama,-based bitcoin wallet provider Coinapult has announced a new product claiming to peg the price of a bitcoin deposit to a currency or commodity. The service, dubbed LOCKS, would serve as a hedge against bitcoin’s volatility, widely considered one of the major barriers to mainstream adoption. LOCKS would allow a customer to deposit […]

Read More...

CAVIRTEX unveils new bitcoin ATMs for Canadian network

Posted on July 29, 2014

The Canadian Virtual Exchange, better known as CAVIRTEX, is nearing the launch of its long-anticipated bitcoin ATM network. The Calgary-based exchange posted an image to Twitter today showing eight custom-designed, Canada-themed machines. According to a post from the official CAVIRTEX account on Reddit, there are ten ATMs launching across Canada next month. The company has […]

Read More...

Atlas ATS expands into Europe

Posted on July 29, 2014

Bitcoin-exchange platform provider Atlas ATS has announced new plans to expand its services into the rapidly growing European bitcoin community. In a press release published yesterday, the New York-based trading company said it will be partnering with Spanish bitcoin company Recol to launch Atlas ATS Europe. European users may know Recol as the operators of […]

Read More...

What’s driving bitcoin’s price dive?

Posted on July 28, 2014

After nearly a month of relative price stability, bitcoin prices took a nosedive late last week. While a drop of $30 over the course of a few days is hardly unusual in the bitcoin world, such movements generally seem to follow major news or some specific trend. This time, however, many explanation-seeking bitcoiners have been […]

Read More...

Blockchain app returns to iOS

Posted on July 28, 2014

As one of the biggest hosted wallet services in the world, Blockchain’s absence on iOS devices has not gone without notice. The company’s old app, which was at one time the most popular iOS bitcoin wallet, was removed earlier this year during Apple’s short-lived policy of removing all bitcoin-related apps from the iTunes store. With […]

Read More...

Report: Bitcoin gains ground in Romania

Posted on July 28, 2014

Could the formerly communist economy in Romania prove to become one of Europe’s bitcoin strongholds? Reuters reports today that there has been a decidedly high level of interest in a newly launched bitcoin ATM in downtown Bucharest. The ATM may be new, but bitcoin’s appeal in the country isn’t. As one of the handful of […]

Read More...

Report: Mining hardware maker CoinTerra buys developer Bits of Proof

Posted on July 28, 2014

Is bitcoin hardware maker CoinTerra looking to expand beyond the mining game? According to a new report published today by CoinDesk, the Austin, TX-based company has acquired Hungarian bitcoin software maker Bits of Proof (BOP) for an undisclosed sum. BOP CEO Tamás Blummer will join CoinTerra as Vice President of Enterprise Software, bringing the developer’s […]

Read More...

Report: BTC Guild may close due to NY’s BitLicense restrictions

Posted on July 27, 2014

Could the New York Department of Financial Services (NYDFS) BitLicense shutter long-running mining pool BTC Guild? Recent discussions about the impact of the disclosure rules in the proposed regulations may result in the closure of the mining collective. In a statement published on July 19, BTC Guild’s operator said that compliance with the new rules […]

Read More...

Report: BTX Trader-backed brokerage Celery aims to make buying BTC and Dogecoin easier

Posted on July 26, 2014

One of the biggest “pain points” for would-be bitcoin users and investors is the simple act of buying. Even in a relatively easy-to-use system, like Coinbase, there are still uncertainties for newcomers. In fact, many neophyte buyers don’t even understand that bitcoin is easily divided, and can be put off by the seemingly high buy-in […]

Read More...

BitPay announces FEC-compliant bitcoin donation processing in advance of mid-term elections

Posted on July 25, 2014

In a blog post published yesterday, Atlanta-based bitcoin payment processor BitPay announced a new initiative to help make cryptocurrency a meaningful force in the upcoming mid-term elections. The post noted that many politically focused organizations would like to accept bitcoin following the Federal Election Commission approving it for in-kind donations earlier this year, but said […]

Read More...

Trucoin announces new partnership, expanding service to 38 U.S. states

Posted on July 25, 2014

Earlier this month, long-simmering digital currency-exchange platform Trucoin launched an 8-state beta test of an instant bitcoin-purchasing system. By simply logging in via an existing social media profile and entering credit card information, users could purchase bitcoin in a matter of moments, rather than the days-long payment verification process currently used by brokers like Coinbase. […]

Read More...

Barry Silbert steps down as SecondMarket CEO to focus “100%” on bitcoin

Posted on July 25, 2014

It’s hardly a secret that Barry Silbert is a big fan of bitcoin. In the past year, the SecondMarket founder has become one of the best known evangelists for the digital currency, giving countless mainstream interviews and investor presentations. He’s also been more than willing to put his money where his mouth is, investing millions […]

Read More...

Follow Up: Ecuador bans bitcoin and other digital currency

Posted on July 25, 2014

Earlier this week, the National Assembly of Ecuador began debate over a bill that would create a state-controlled digital currency. One extremely controversial element of the bill was an amendment that would make the use of other digital money in the state illegal. In effect, the law would ban the use of bitcoin and other […]

Read More...

Report: Taking a page out of Dogecoin’s playbook, bitcoin crowdfunder seeks to sponsor NASCAR driver

Posted on July 24, 2014

Few things sparked the imagination of the cryptocurrency community quite like the “Dogecar.” Created and funded entirely by the Dogecoin community, the sponsorship of NASCAR driver Josh Wise at Talledega brought the meme-based alt-coin into living rooms across the U.S., dramatically raising the profile of a digital currency still largely considered to be more-or-less a […]

Read More...

Kanye West wins lawsuit over “Coinye” alt-coin

Posted on July 24, 2014

Coinye is officially dead. Not that many people will be surprised, or even care for that matter. As the first significant lawsuit connecting trademark law to distributed cryptocurrency, however, it’s a moment worth noting. In January of this year, a group of bitcoin griefers decided that it was time to level their gaze at controversial […]

Read More...

New York-based bitcoin exchange Coinsetter exits beta testing

Posted on July 24, 2014

After nearly two years of testing and preparation, New York City-based bitcoin exchange Coinsetter is officially open for business. Although it isn’t the first U.S.-based bitcoin exchange by any means, Coinsetter is the first to be aimed firmly at the Wall Street Market. The exchange has been operating in beta since last November, working with […]

Read More...

U.S. court issues restraining order halting Bitcoins.com auction

Posted on July 24, 2014

The much-anticipated auction of branding-friendly domain Bitcoins.com was stopped yesterday when the U.S. District Court of Seattle issued a restraining order preventing the sale. Owned by Mt.Gox parent company Tibanne K.K., Bitcoins.com was expected to sell for around $1 million, with at least half of the proceeds going to Mt.Gox creditors. The injunction was issued […]

Read More...

Report: Intuit QuickBooks sees “higher than expected” interest in bitcoin payments

Posted on July 23, 2014

In June, Inuit’s payment processing system QuickBooks Online announced plans to incorporate bitcoin into their small-business invoicing system. Even at the time, Intuit’s PayByCoin initiative seemed more like a clever marketing and branding move than a truly in-demand service, as the small size of the bitcoin ecosystem suggested only a few tech-forward companies would be […]

Read More...

With less than 9 hours left, Bitcoins.com pre-auction has yet to break reserve price

Posted on July 23, 2014

There are few domain names in the cryptocurrency world more promising for an SEO-savvy marketer than Bitcoins.com. Currently owned by Mt.Gox parent company Tibanne, Bitcoins.com has the potential to be a flagship site in the digital currency community. When it was announced earlier this month that the domain would be auctioned off, many analysts predicted […]

Read More...

Ecuador’s Congress proposes state-controlled digital currency monopoloy

Posted on July 23, 2014

On Thursday, Ecuador’s Congress will vote on a proposal to create a state-controlled digital currency, and to prohibit the use of any digital currency in the country not backed by the nation’s central bank. Regional news outlet PanAm Post reports that the move was presented by President Rafael Correa as “a matter of urgency,” although […]

Read More...

Mt.Gox creditors meeting provides little news

Posted on July 23, 2014

A closed-door meeting of Mt.Gox customers and other creditors held today in Tokyo provided little solace to those who lost their funds on the shuttered bitcoin exchange. The meeting provided those burned by the exchange their first face-to-face interaction with Mt.Gox CEO Mark Karpeles, who gave a brief apology for the situation but otherwise left […]

Read More...

New Japanese bitcoin exchange planned by former Goldman Sachs trader

Posted on July 22, 2014

In the nearly six months since Mt.Gox imploded, two major things have happened to the bitcoin community in Japan. The first is that Japan’s population became aware of bitcoin in a very big way, as coverage of the failed exchange and the $500 million loss became headline news in a country that had previously seen […]

Read More...

Report: Bitcoin-ransoming hacktivist group w0rm claims to have Wall Street Journal and Vice databases

Posted on July 22, 2014

In most situations, the news that a group of Russian hackers broke through the security of two major websites and downloaded massive user databases would cause significant panic. Most users, ambivalent about online security best practices, will reuse user names and passwords tied to their email accounts, meaning that a user database could be a […]

Read More...

Report: iOS messaging service Gliph restores bitcoin functionality

Posted on July 22, 2014

Late last year, secure private messaging app Gliph was forced to remove a bitcoin-sending feature in order to remain available on the iTunes app store. The move was highly unpopular in the bitcoin community, and added to speculation that Apple was becoming openly hostile to all services related to bitcoin. Recently, Apple updated its terms […]

Read More...

WinkDex launches developer API

Posted on July 22, 2014

In another sign that the Winklevoss Bitcoin Trust is marching steadily towards Securities and Exchange Commission approval, the trust’s proprietary index, the WinkDex, officially opened its API to developers today. The WinkDex is a blended index created specifically for pricing the Winklevoss twins’ exchange traded fund for would-be investors. The API has been available to […]

Read More...

Report: Chamber of Digital Commerce to advocate for bitcoin regulation

Posted on July 21, 2014

Speaking at the North American Bitcoin Conference (NABC) on Satuday, Forbes columnist and former congressional staffer Perianne Boring announced plans to create a “Chamber of Digital Commerce” to advocate for sensible bitcoin regulations at the federal level. The move follows the initiation of pro-cryptocurrency lobbying efforts by Falcon Global Capital in May, and a more […]

Read More...

Report: After spirited auction, “Last Bitc0in Supper” sells for $2,900

Posted on July 21, 2014

As part of today’s global cultural zeitgeist, it’s hardly surprising that bitcoin and the ideas behind it has become a hot topic in the art world. Cryptocurrency has inspired entire gallery shows, as well as some poignant individual works by artists from around the world. One of those works, “Last Bitc0in Supper” by the French […]

Read More...

BTC China adds USD and HKD deposits and withdrawals

Posted on July 21, 2014

Major Chinese bitcoin and litecoin exchange BTC China announced today that they have added support for U.S. dollars (USD) and Hong Kong dollars (HKD) to their trading platform. The new system, currently undergoing an invite-only beta test, allows for deposits and withdrawals in both currencies under “international accounts,” while domestic accounts will be limited to […]

Read More...

BitPay to sponsor Georgia Tech Athletics

Posted on July 21, 2014

It’s hardly surprising that when Atlanta-based bitcoin payment processor BitPay decided it was time to spend a little money on awareness-raising sponsorship deals, they would start in their own backyard. The company announced yesterday that it had entered into a sponsorship deal with the Georgia Institute of Technology’s Athletic Association, aiming to bring bitcoin awareness […]

Read More...

Report: China’s OKCoin to support USD

Posted on July 20, 2014

Broadly speaking, the bitcoin exchange world is divided into two camps: Those who deal in U.S. dollars, and those who deal in Chinese yuan (renminbi). Sure, there are exchanges that focus on Canadian dollars, Euros, Thai baht and almost every local currency, but the bulk of bitcoin’s trade volume is still dominated by USD and […]

Read More...

Mobile Wallet App Round-Up: Blockchain, Chain iOS and Hive

Posted on July 19, 2014

When bitcoin’s battle for mass adoption and marketshare against credit cards and cash happens, the skirmishes won’t take place on notebooks and desktops, it will take place in the brick and mortar world with mobile apps. One sign that this seemingly inevitable event it drawing closer is the booming ecosystem of mobile wallet apps. Now […]

Read More...

Report: RingPlus becomes first domestic cellphone provider to accept bitcoin, litecoin and dogecoin

Posted on July 18, 2014

If you don’t live in Los Angeles, New York or San Francisco, you’ve probably never heard of RingPlus. In the world of cellphone service providers, however, RingPlus is arguably one of the most experimental companies operating today. In addition to providing a range of ultra-low-cost plans, the company has even created a free, ad-supported system […]

Read More...

Is Snapchat planning on using digital currency as part of its monetization plan?

Posted on July 18, 2014

TechCrunch reports today that photo-messaging app Snapchat has filed two online trademarks for peer-to-peer payments. Although the filings don’t mention bitcoin or cryptocurrency, they do outline a plan to provide electronic funds transfers in very broad terms. The two trademarks consist of “application software for processing electronic payments” and a system of “electronic transfer of […]

Read More...

BitPay launches Facebook bitcoin payment app

Posted on July 18, 2014

One of the holy grails of digital currency is the ability to break down traditional payment barriers. An app that can send bitcoin to almost anyone in the world as easily as sharing a photo could be a complete game-changer for the entire financial sector. While BitPay’s new Facebook app, Get Bits, isn’t quite that, […]

Read More...

Dell announces Coinbase partnership

Posted on July 18, 2014

Dell is one of the true giants of the technology world, bringing in nearly $57 billion in revenue last year. It’s a true multinational business behemoth, and could be comfortably mentioned in the same breath as major players like Apple, IBM and Sony. As of today, Dell is also the single largest company to accept […]

Read More...

CheapAir crosses $1.5 million in bitcoin sales

Posted on July 17, 2014

Late last year, online discount travel agency CheapAir.com made waves in the bitcoin world when it announced it would begin experimenting with bitcoin. The company’s partnership with Coinbase makes it one of the first major supporters of bitcoin payments, anticipating later moves by TigerDirect, Overstock and Expedia. That early adoption appears has paid off. On […]

Read More...

Two major South African companies announce bitcoin payment options

Posted on July 17, 2014

This morning, South African payment processor PayFast announced it would soon offer bitcoin was a payment option for its 30,000 merchant customers. As one of the largest payment companies in Africa, PayFast’s move has given a huge boost to bitcoin’s credibility in the region, where it is still viewed with extreme skepticism by the government […]

Read More...

After customer backlash, Vault of Satoshi eliminates “selfie” requirement

Posted on July 17, 2014

In an attempt to halt a flood of fraudulent transactions from the Interac payment system, Canadian digital currency exchange Vault of Satoshi (VoS) announced yesterday that it would be adding another layer to its customer-verification process. The concept was simple: Take a selfie while holding up a hand-written note and a government-issued ID. According to […]

Read More...

New York Department of Financial Services releases “BitLicense” rules draft

Posted on July 17, 2014

The New York Department of Financial Services (NYDFN) published the draft version of their regulatory framework for bitcoin and other digital currencies this morning. The “BitLicense” rules are aimed largely at digital currency service providers, such as exchanges and hosted wallet companies, and would effectively exempt any company using a third-party bitcoin payment service from […]

Read More...

Report: GHash commits to a 40% hashrate cap

Posted on July 16, 2014

In June, behemoth bitcoin-mining pool GHash.io briefly gained more than half of the total network hashrate, a move that caused many to question just how secure bitcoin’s much-touted decentralized network really was. The situation was a wake-up call for many, as it meant that the long-hypothesized “51% attack” wasn’t as implausible as many experts had […]

Read More...

Trucoin launches instant bitcoin buying

Posted on July 16, 2014

One of the biggest complaints about the current bitcoin ecosystem is the awkward, slow process of actually buying BTC. Even when using a mainstream service like Coinbase, bank accounts must be validated, IDs must be confirmed and transactions must use the tedious bank-transfer system. While there have been some innovations, such as bitcoin ATMs, the […]

Read More...

Report: Elliptic raises $2 million in seed funding

Posted on July 16, 2014

Bitcoin “vault” provider Elliptic announced today that it has secured £1.2 million ($2 million) in a seed funding round led by Octopus Investments. The U.K.-based company is best known for its “enterprise-grade insured storage” of bitcoin, meeting the standards required for institutional-level investments. The investment marks the first major injection of bitcoin-focused venture capital funds […]

Read More...

TradeBlock raises $2.8 Million in seed funding

Posted on July 16, 2014

Cryptocurrency analytics and data provider TradeBlock announced today that it had secured $2.8 million in seed-round funds. Investors include many of the usual suspects, such as Andreessen Horowitz, FinTech Collective and Second Market’s Barry Silbert. The company’s founders describe it as “the Bloomberg of bitcoin,” an elevator pitch that appears to have been developed during […]

Read More...

Report: BTCJam and Digital Mining Investments lose nearly $200,000 to alleged scam artist

Posted on July 15, 2014

In a report published today on CoinDesk, a former employee of Tampa-based bitcoin mining operation Digital Mining Investments (DMI) allegedly stole over $165,000 in mining hardware and another 55 BTC ($35,000)in donations from popular bitcoin lending site BTCJam. The company claims that the man, using the assumed name Jon Simms, spent months building up trust […]

Read More...

BitOcean and Atlas ATS announce bid to buy Mt.Gox assets

Posted on July 15, 2014

As the burned-out husk of Mt.Gox winds its way through the Japanese bankruptcy system, a new partnership between Chinese ATM maker BitOcean and New York-based exchange-platform provider Atlas ATS will soon be vying for its assets. The company, BitOcean Japan, was profiled by the Wall Street Journal yesterday. According to the story, the partnership has […]

Read More...

Report: CEO of Japanese online retail giant Rakuten says company will accept bitcoin “sooner or later”

Posted on July 15, 2014

In a speech published by Japanese newspaper Mainichi Shimbun, Rakuten CEO Hiroshi Mikitani mentioned his company’s likely integration of bitcoin payments later this year. Speaking to a meeting of Rakuten Ichiba (Rakuten Marketplace) e-commerce merchant partners, Mikitani said that the “internet revolution” was accelerating, and that Rakuten will “sooner or later” start accepting bitcoin. According […]

Read More...
  1. Pages:
  2. 1
  3. 2