Shift’s bitcoin-backed debit card beta issues new round of invites

Posted on September 26, 2014

Last month, San Francisco-based bitcoin startup Shift Payments announced plans to release a new debit-card system that would enable users to pay with traditional bank accounts, as well as bitcoin and Ripple wallets. Backed by tech-industry kingmakers Y Combinator, the card promised to serve as a next-generation bridge between digital currencies and traditional banking by […]

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U.S. military meets with bitcoin industry insiders

Posted on September 26, 2014

Could bitcoin or other cryptocurrencies be used to aid terrorist groups? That’s the question officials from the U.S. Special Operations Command asked members of the bitcoin industry this week in a meeting Tampa, Florida. While not an entirely secret event, the Virtual Currency Workshop was a closed-door conference seeking to determine the potential for anti-American […]

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OKCoin becomes biggest USD/BTC exchange

Posted on September 25, 2014

Only a week after exiting beta testing for its new bitcoin-to-dollar exchange platform, China’s OKCoin has skyrocketed past Western exchanges in terms of volume. As CoinDesk reports, the USD/BTC trading pair on the site had a volume of 16,342 BTC yesterday, handily beating Bitfinex’s 15,552 BTC volume, as well as Bitstamp’s 14,463 and BTC-e’s 6,556. […]

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BitPay announces major protocol update for Bitcore and Copay

Posted on September 25, 2014

Perhaps in advance of their looming PayPal partnership, the engineers at Atlanta-based bitcoin payment processor BitPay have been hard at work updating Copay and Bitcore — their open-source, multisig wallet platform and bitcoin core implementation, respectively — to become as “featureful as possible.” The new updates, announced today, bring a range of new options and […]

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Two U.S. banks to test Ripple protocol

Posted on September 24, 2014

Ripple Labs announced today that their bitcoin-friendly alt-coin system will soon be offered to the customers of two small U.S. banks. The Ripple system is part of a new low-cost, real-time international payments service offered by CBW Bank of Topeka, Kansas, and Cross River Bank of Teaneck, New Jersey. The integration is the first time […]

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PayPal announces partnerships with BitPay, Coinbase and GoCoin

Posted on September 24, 2014

One of the biggest concerns about PayPal’s rapidly approaching integration with bitcoin-based payments has been liquidity. The eBay-owned payment processing giant handled around $180 billion in transactions last year, roughly 30 times bitcoin’s total market cap. If PayPal aims to bring bitcoin payments to the masses, even a relative giant in the space, like Coinbase, […]

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Square CEO hints bitcoin integration on the horizon

Posted on September 23, 2014

In an interview with CBC News, Square CEO Jack Dorsey dropped an interesting hint about his company’s future relationship with bitcoin. Speaking about concerns that Square might face stiff competition from the forthcoming Apple Pay mobile point-of-sale system, Dorsey said: “We’re building a register so that sellers can accept a credit card, so they can […]

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GABI hedge fund announces first bitcoin purchases

Posted on September 23, 2014

The Jersey-based Global Advisors Bitcoin Investment Fund (GABI) announced yesterday that it was in the early stages of deploying the fund’s assets into bitcoin. The company spent the whole of August and much of early September acquiring customers for its initial offer period, and appears to have closed that initial round in the last few […]

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Greenpeace partners with BitPay to accept bitcoin

Posted on September 22, 2014

International environmental nonprofit Greenpeace announced today that has partnered with BitPay to begin accepting bitcoin donations. The organization is in a unique position to benefit from bitcoin’s international and decentralized nature, as the it is wholly funded by direct individual donations rather than corporate sponsorship or government support. As a result, Greenpeace donations are typically […]

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UK-based gold and bitcoin exchange Netagio passes ISAE 3000 audit

Posted on September 22, 2014

The first bitcoin-related company to submit to an audit under the standards of the International Standard on Assurance Engagements (ISAE) has passed with flying colors. Netagio, a small bitcoin and gold exchange based in the U.K., recently announced the results of an ISAE 3000 review conducted by international auditing firm BDO. Netagio claims this to […]

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BitOcean launches two-way bitcoin ATM

Posted on September 21, 2014

Beijing-based bitcoin ATM maker BitOcean announced the release of a new, two-way machine this week. According to a report on CoinDesk, the kiosk-style ATMs are designed to compete against similar Robocoin and Lamassu machines. In addition to allowing users to buy and sell bitcoin directly from the the ATM through a “bank level experience,” the […]

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Coinbase announces new API for multisig accounts

Posted on September 21, 2014

One of the biggest concerns with third-party bitcoin services like Coinbase is this: Who controls the private keys? If you host your own wallet on a mobile device or PC, or even have a printed paper wallet, ultimately you control when and how BTC moves from your private address to another. That’s not the case […]

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Bitcoin mining difficulty set to rise 18% next week

Posted on September 19, 2014

As bitcoin’s price continues to decline, miners have gotten even more bad news. The projected difficulty is currently expected to jump 17.94% on Thursday, climbing from roughly 29 billion to 35 billion. The network hashrate, the key factor in determining difficulty, has grown dramatically in recent days, rocketing up from 213 Petahash per second to […]

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Bitcoin Savings and Trust fraudster fined $40 million

Posted on September 19, 2014

In July of 2013, the Securities and Exchange Commission (SEC) charged Trendon T. Shavers with defrauding investors in a bitcoin-targeted Ponzi scheme. Shavers claimed to have created a bitcoin-based arbitrage system, the Bitcoin Savings and Trust (BTCST), and promised investors 7% interest per week on their BTC loans. Instead, the BTCST was a classic Ponzi […]

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Following central bank decision, Bitcoin Foundation Bangladesh halts activities

Posted on September 19, 2014

Earlier this week, Bangladesh’s central bank issued a new warning strongly suggesting that bitcoin use was now a criminal offense in the country. Bank officials later told news agency Agence France-Presse (AFP) that anyone found guilty of using or selling bitcoin in the country could be sentenced to up to 12 years in jail. Bangladesh […]

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Bitcoin’s price isn’t falling alone — commodities across the board in steep decline

Posted on September 19, 2014

It’s all too easy for the bitcoin community to lose sight of the bigger investment trends. For almost all of bitcoin’s history, is has existed in a bubble, completely removed from the forces that drive forex trends and commodity prices. As we mentioned yesterday, that era appears to be coming to an end. Bitcoin’s price […]

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BitPay showcases updated API

Posted on September 18, 2014

The competition between Coinbase and BitPay looks like it has spilled over to the API battlefield. Yesterday, Coinbase released Toshi, an open-source bitcoin node with a JSON API for developers. Today, BitPay responded with their own API update, packed with new features, updates, and fixes. Not to be outdone, the BitPay API is built on […]

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Bitcoin startup CoinPlus raises over $220,000 in seed round

Posted on September 18, 2014

Bitcoin payment-processing and currency exchange startup CoinPlus announced yesterday that it had raised €172,500 ($220,000) in its seed funding round. The Luxembourg-based company launched in early July following legal clarifications of bitcoin’s status in the country by the Commission de surveillance du secteur financier (CSSF) in February. No list of investors has been published, and […]

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UPDATE: Instabill offers services to Isle of Man bitcoin startups

Posted on September 18, 2014

Earlier this week, bitcoin startups on the politically independent U.K. holding of Isle of Man were faced with potentially catastrophic news. The island’s primary treasury service provider, Capital Treasury Services (CTS), announced it was severing its relationship with all digital currency businesses. It has since been revealed that the CTS decision was made under pressure […]

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Bitcoin price continues steep, mysterious decline

Posted on September 18, 2014

Until late last week, bitcoin prices had been hovering in the $475 range, down a bit from the $500 to $650 range seen since May. That changed on Saturday, when the bottom seemingly dropped out from the BTC price, sending it on a steep decline to around $428 (at time of writing). While price volatility […]

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