BitPay opens new European headquarters in Amsterdam

Posted on September 9, 2014

In a new post on the BitPay blog, the Atlanta-based bitcoin payment processor gave an inside view of their just-finished Amsterdam digs. The company is currently involved in a major push into the rapidly growing European market, having experienced a massive growth spurt in merchant adoption in the last year. BitPay claims to have seen […]

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Satoshi Nakamoto’s email compromised, one hacker possibly identified

Posted on September 9, 2014

Yesterday evening, a person using the email address long associated with mysterious bitcoin creator Satoshi Nakamoto sent the following message to Bitcoin Talk administrator Michael “theymos” Marquardt: “Michael, send me some coins before I hitman you.” Almost immediately, Marquardt took to the Bitcoin Talk forum to warn the bitcoin community that Satoshi Nakamoto’s email had […]

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UPDATE: “PayPal making a move to embrace Bitcoin” says Braintree CEO

Posted on September 8, 2014

The rumors are true: PayPal is integrating bitcoin payments into their One Touch mobile wallet system using technology developed by their subsidiary Braintree. Speaking at TechCrunch Disrupt San Francisco today, Braintree CEO Bill Ready said that the company will soon be integrating bitcoin payments via a partnership with Coinbase. Not hedging his bets, Ready made […]

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OKPay surrenders $6 million in held customer funds to Mt.Gox

Posted on September 8, 2014

Last month, early-adopting bitcoin payment processor OKPay was ordered by a British Virgin Islands court to surrender $6,014,910 in held customer deposits to defunct bitcoin exchange Mt.Gox. OKPay had hoped to return these funds directly to customers, but legal challenges by Mt.Gox’s Trustee Fund have held the funds in a “limbo” within Mt.Gox’s OKPay account […]

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Blockchain.info adds Marco Santori as global policy counsel

Posted on September 8, 2014

The Wall Street Journal reported today that Blockchain.info has retained Marco Santori in a new role as global policy counsel. Santori is well known within the bitcoin industry, and currently serves as the chairman of the Bitcoin Foundation’s regulatory affairs committee. In addition to his legal work for the Bitcoin Foundation, Santori also writes about […]

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Braintree expected to announce Coinbase partnership today

Posted on September 8, 2014

According to tech industry news website Re/code, PayPal subsidiary Braintree will soon announce that it has entered into a bitcoin-payment processing arrangement with Coinbase, possibly as early as today. Braintree’s service is widely used by a variety of tech startups, including openly disruptive, peer-to-peer services like Uber and Airbnb, which are seemingly ideal adopters for […]

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New PayPal video strongly suggests bitcoin adoption on the horizon

Posted on September 8, 2014

This morning, the official PayPal YouTube channel uploaded new video titled “PayPal Voices,” focusing on the increasingly peer-to-peer nature of transactions in an increasingly decentralized economy. But a single line of the video’s text holds huge ramifications for the bitcoin community, as well as the future of digital currency. Roughly eight seconds into the video, […]

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Safello debuts new social media-style bitcoin wallet

Posted on September 7, 2014

Even for experienced users, bitcoin wallets can be a headache. Although QR code readers and BIP-70 integrations have helped sand some of the rougher edges off some modern wallet programs, particularly in the mobile market, bitcoin wallets can still be counterintuitive programs for new users to learn. The first company to make a truly user-friendly […]

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Details emerge on Charlie Shrem’s plea deal

Posted on September 6, 2014

Former BitInstant CEO Charlie Shrem appeared in a New York courtroom on Thursday to formally enter a plea of guilty on charges that he aided and abetted an unlicensed money-transmitting business, processing over $1 million in bitcoin payments for Silk Road vendor Robert “BTCKing” Faiella. The appearance was part of a plea deal with federal […]

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New report says bitcoin ATM industry at risk of “creative destruction”

Posted on September 5, 2014

According to a new report published by the ATM Industry Association (ATMIA), the rapidly growing bitcoin ATM industry is at risk of “creative destruction” unless self-governance structures are soon put in place. The ATMIA’s “position paper” notes that bitcoin ATMs represent a “genuine innovation in the payments space,” and hopes for an eventual “stabilization” of […]

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Mobile-focused payment and security company Alternet Systems enters into partnership with BitPay

Posted on September 5, 2014

Miami-based mobile security and payments company Alternet Systems announced a new partnership agreement with Atlanta-based bitcoin payment processor BitPay. The non-exclusive agreement will allow Alternet’s payment arm, Alternet Payment Systems (APS), to serve as a third-party vendor for BitPay. While affiliate partnerships are nothing new, even for BitPay, the scope of this new arrangement could […]

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Chamber of Digital Commerce to be first recipient of Overstock BTC donation program

Posted on September 5, 2014

In a recent Gigaom profile of Overstock.com’s bitcoin adoption, CEO Patrick Byrne let slip an interesting detail about the company’s plan to donate 4% of BTC sales to a different bitcoin charity or foundation every month. According to the article, the first recipient of the plan will be the newly minted bitcoin political advocacy group […]

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New WordPress plugin hopes to drive e-commerce adoption for PayStand

Posted on September 5, 2014

BitPay’s monopoly on WordPress e-commerce payments may be coming to an end. Recently launched competitor PayStand has been gaining significant attention this week, offering a wide range of payment options including a zero-fee payment option for bitcoin purchases. The plugin, available for popular e-commerce plugin system WooCommerce, may help PayStand gain a foothold in the […]

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iOS reservation app Resy becomes first to integrate Coinbase payments

Posted on September 4, 2014

Resy, a New York-focused mobile-restaurant reservation service, has become the first iOS app provider to fully integrate Coinbase’s OAuth2 protocol, allowing Apple device users to buy directly from their Coinbase wallets. The integration is the first implementation of the Coinbase OAuth2 protocol on an iOS device following Apple’s reversal of a ban on in-app bitcoin […]

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NYU and Duke University offer new bitcoin-focused courses

Posted on September 4, 2014

Is bitcoin’s impact on economic theory already filtering into mainstream academia? Coindesk reports today that two major U.S. colleges — New York University and Duke University — have begun offering bitcoin-focused courses for the new semester. NYU’s class, titled “The Law and Business of Bitcoin and Other Cryptocurrencies,” is taught by Law Professor Geoffrey Miller […]

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MIT campus bookstore to accept bitcoin

Posted on September 4, 2014

An MIT campus bookstore has become the first on-campus store to officially accept bitcoin in anticipation of the coming Bitcoin Project. The Kendall Square bookstore has partnered with Atlanta-based bitcoin payment processor BitPay to accept BTC purchases, allowing students to purchase textbooks and official MIT merchandise. Although there are many stores across the globe that […]

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KnCMiner raised $14 million in new funding round

Posted on September 4, 2014

Stockholm-based bitcoin mining hardware maker KnCMiner announced the results of a new funding round today, adding $14 million to the company’s expansion plans. The Series A round cash will be invested into new hardware designs and software development, as well as funding the company’s ongoing growth in the cloud-based mining sector. The fundraising round was […]

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British hacker pleads guilty to bitcoin ransom scheme

Posted on September 3, 2014

According to a story published by Kent Online, U.K.-based hacker Lewys “sl1nk” Martin stole the account details of 28,000 customers of Halifax Bank, threatening to release the details unless he was paid one bitcoin for every 10 records. Fortunately for Halifax Bank customers, Martin’s scheme didn’t pan out. The 22-year old was captured in February […]

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DigitalTangible partners with Amagi Metals and Agora Commodities to launch new gold-bitcoin exchange

Posted on September 3, 2014

There’s a well-established overlap between the bitcoin marketplace and the market for physical gold. Both communities have a well-founded skepticism of central banks and fiat currency, for instance. With that in mind, it’s hardly surprising that bullion dealers were among the first generation of merchants to realize the potential of bitcoin as a medium of […]

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Xapo: “The BitLicense is over-regulation”

Posted on September 3, 2014

Xapo founder Wences Casares has weighed in on the “BitLicense” regulatory framework proposed by the New York Department of Financial Services (NYDFS), calling it “over-regulation” that “hinders progress and serves an anticompetitive function” for the still-growing bitcoin industry. In a new post on the Xapo blog, Casares said that the regulation will have a “potentially […]

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New partnership brings bitcoin payments to over 10,000 Indonesian convenience stores

Posted on September 3, 2014

A new partnership between Indonesian bitcoin exchange Bitcoin.co.id and the Indomaret convenience store chain is set to bring cryptocurrency payments to over 10,000 new locations in the Southeast Asian country. The new service is powered by payment gateway iPaymu, giving bitcoin transactions a serious credibility boost in the region. Using the new system, Indonesians will […]

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University of Zurich tests student-made bitcoin-payment system in cafeteria

Posted on September 2, 2014

If there’s a single test for whether or not bitcoin is finally ready for mainstream use as a currency, it’s this: Can I buy lunch with it? That scenario is about to be put to a two-week test at Switzerland’s University of Zurich, where a student-built bitcoin payment system is due to be put through […]

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After months of struggle, China’s NiuBTC cryptocurrency exchange closes

Posted on September 2, 2014

The People’s Bank of China’s “bitcoin ban” has finally claimed another victim: cryptocurrency exchange NiuBTC. Back in March, the PBoC began quietly pressuring the country’s banks to close the accounts of digital currency-related businesses in an effort to curb rampant bitcoin and litecoin speculation. The result was a wave of bitcoin and alt-coin exchange closures, […]

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Huobi’s interest-bearing bitcoin deposit service sells out an hour after launch

Posted on September 2, 2014

Within an hour after opening their new Digcoin “hashing power mortgage” product to users, Beijing-based bitcoin exchange Huobi had sold out of all available shares. The interest-bearing Dig-VC mining service, which is arranged to suggest a “certificate of deposit”-style of investment, provides a guaranteed, monthly interest rate of 1.2%. Each share has a minimum 60-day […]

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Apache Software Foundation now accepts bitcoin donations

Posted on September 2, 2014

In a new post on the Apache Software Foundation blog, the massive open-source initiative announced that it is now accepting bitcoin. The ASF said that the decision was made in response to a simple email request from a member on August 26th, with the implementation (by an admittedly expert team of web developers) taking mere […]

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Sound Wallet aims to store private crypto keys as audio files

Posted on September 1, 2014

When most cryptocurrency users think of putting their funds in cold storage, they generally picture using a paper wallet. While that method has its merits, it does suffer from a problem: If a person can see your QR code, private key, or even passphrase seed, they can access your address and your funds. But what […]

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Blockchain.info Chief Security Officer Antonopoulos steps down to become board advisor

Posted on September 1, 2014

Blockchain.info announced yesterday that Chief Security Officer (CSO) Andreas M. Antonopoulos has stepped down from his role, and will now become an advisor to the company’s board. Antonopoulos is widely seen as one of bitcoin’s most passionate advocates, having given countless speeches and presentations about blockchain technology and written a widely praised book on bitcoin […]

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Canadian payroll firm says growing number of companies paying employees in BTC

Posted on September 1, 2014

The Canadian Press reports today that bitcoin-backed salary payments are on the rise in Canada. According to Waterloo, Ontario,-based payroll firm Wagepoint, employees and businesses are increasingly interested in paying out in BTC rather than the Canadian dollar (CAD). The firm launched one of the first cryptocurrency-based payment options in the world last November, but […]

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“Celebgate” photo leaks bring bitcoin back into the pop culture conversation

Posted on September 1, 2014

It’s being called “Celebgate,” and it’s already bringing a new wave of negative attention to bitcoin. Over the weekend, a poster on infamous anonymous image-sharing message board 4Chan.org leaked hundreds of private, nude photos of several female celebrities, including Oscar-winner Jennifer Lawrence, swimsuit model Kate Upton and others. The anonymous 4Chan poster also claimed to […]

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Did a runaway trading bot cause today’s $30 drop?

Posted on August 31, 2014

Automated trading is both a boon and a curse for exchanges of all kinds. On the one hand, “bots” greatly reduce the amount of time and attention needed to implement a trading strategy. A well-programmed bot can, in theory, be earning a profit on even marginal trades, 24-hours a day, and for completely logic-driven reasons […]

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Charlie Shrem reaches plea deal in bitcoin money-laundering case

Posted on August 30, 2014

Charlie Shrem may soon be a free man. Reuters reports that the former BitInstant CEO has reached a plea arrangement with federal prosecutors over his role in converting bitcoin to cash from deals on the now-shuttered black market website Silk Road. Shrem had been charged with a variety of felonies, including conspiracy to launder money, […]

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Publicly traded bitcoin company DigitalBTC claims $4 million in revenue in first quarterly report

Posted on August 29, 2014

Australia’s first publicly traded bitcoin mining and exchange company digitalBTC released a preliminary final yearly report today, revealing an estimated revenue of $4 million U.S. over three months of operations. The company’s normalized earnings were around $2.5 million for the same period, with a profit of about $600,000. Interestingly, digitalBTC actually reported a net loss […]

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Igot launches first bitcoin exchange in the UAE

Posted on August 29, 2014

The first bitcoin exchange in the United Arab Emirates (UAE) opened today, bringing a fully licensed digital currency commercial brokerage to Dubai. The exchange is a branch office of Australia-based bitcoin exchange igot, and is the first stage of a planned expansion into the Middle East and Asia. Although there will be a small staff […]

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China’s Huobi exchange passes proof-of-solvency audit with 103% fund reserves

Posted on August 29, 2014

The final member of China’s “big three” bitcoin exchanges has passed a proof-of-solvency audit with flying colors. In an independent audit published by Ripple Labs CTO Stefan Thomas, Huobi appears to have 103.52% of total customer deposits in reserve. Thomas provided the auditing service free of charge, as he did when auditing Kraken and Bitfinex […]

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Bitcoin pioneer Hal Finney dies at age 58

Posted on August 29, 2014

The very first bitcoin transaction, all the way back in January of 2009, was between the protocol’s mysterious inventor, Satoshi Nakamoto, and an avid programmer and cryptographer named Hal Finney. Hal Finney died yesterday after a five years battle with ALS. He was 58. Finney’s disease robbed him of nearly all control of his body, […]

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Tiny Caribbean nation of Dominica may become a bitcoin-business haven

Posted on August 28, 2014

Could the tiny island nation of Dominica, population 71,293, become the engine for bitcoin adoption on the Caribbean? If Coinapult and its partners have their way, that’s exactly what will happen in the Lesser Antilles tourist hotspot. The bitcoin payment processor will be distributing small amount of bitcoin (the exact amount is unannounced) to the […]

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Simon Fraser University launches bitcoin-donation program

Posted on August 28, 2014

Canada’s Simon Fraser University (SFU) announced a new bitcoin-donation program, making it the first post-secondary school in the country to directly work with digital currency. The program was launched with a BTC donation equivalent to $6,000 CAD from SFU alumnus Scott Nelson and Simon Fraser Bitcoin Club president Mike Yeung. Those initial funds will be […]

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OpenBazaar creators claim system will not become a “Super Silk Road”

Posted on August 28, 2014

There are few bitcoin-focused projects currently generating as much curiosity and buzz as OpenBazaar. Due to enter public beta testing this weekend, the open-source, decentralized marketplace aims to create a completely trustless, uncensored and impossible-to-close hub for trades and deals of all sorts. To many people, this claim instantly evokes one of bitcoin’s biggest PR […]

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BitPay joins Demandware’s LINK Technology platform

Posted on August 28, 2014

Atlanta-based bitcoin payment processor BitPay announced today that it has partnered with e-commerce service provider Demandware to bring simple digital currency integration options to a huge range of online stores. Although individual companies will still need to activate the new BitPay plugin via Demandware’s LINK Technology platform, the move will enable a host of major […]

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New study by Massachusetts Division of Banks reveals 18% of consumers “likely” to use bitcoin

Posted on August 27, 2014

In a new report published by the Massachusetts Division of Banks (MDB) and the Conference of State Bank Supervisors (CSBS), researchers found that 18% consumers in an online survey were either “likely” or “very likely” to use bitcoin or other digital currencies in the near future. The report, 2014 Consumer Survey: Consumer Attitudes on Bitcoin […]

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Responding to concerns, Coinbase reveals insurance details

Posted on August 27, 2014

As bitcoin becomes an increasingly mainstream mechanism for storing and exchanging value, customer protection is rapidly becoming a major topic of discussion. After all, there is no equivalent of the FDIC in the bitcoin world, and the only protections most users have for the BTC in their hosted wallets are the various security techniques of […]

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Australian government publishes guidelines for bitcoin businesses

Posted on August 27, 2014

Business.gov.au is the Australian government’s official portal for all forms of business in the country down under. It’s the definitive source for details on starting a new business in kangaroo country, providing guides and FAQs for nearly any business-related topic imaginable. This week, the website published its first guide to accepting bitcoin and other digital […]

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BTC China claims 100% proof-of-reserve status following audit

Posted on August 27, 2014

Another of China’s “big three” bitcoin exchanges has seemingly passed a proof-of-reserve audit with flying colors. BTC China announced the results of their audit on Monday, although translations of the full text have only recently become available in English. The audit was verified by a panel of five well-known Chinese bitcoin advocates, who checked BTC […]

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North Carolina to tie virtual currencies to “monetary value” under existing laws, rather than create new regulations

Posted on August 26, 2014

In a story published today on CoinFinance, an unnamed North Carolina Commission of Banks (NCCOB) spokesperson said that regulators in the state were opting to handle bitcoin-based investments and businesses under existing rules. The NCCOB will treat bitcoin and other cryptocurrencies as “monetary value,” as defined in the N.C. Money Transmitters Act. Under those rules, […]

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GoCoin partners with payments company Apriva

Posted on August 26, 2014

Arizona-based wireless point-of-sale technology company Apriva announced today that it has partnered with Singapore-based cryptocurrency payment processor GoCoin, bringing bitcoin, litecoin and dogecoin payments to their network of over 1,000 merchant partners. The move follows GoCoin’s recent launch of an SMS-based digital currency payment gateway and a new partnership with low-cost, prepaid phone service provider […]

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Korean bitcoin exchange Korbit raises $3 million in new funding round

Posted on August 26, 2014

South Korean bitcoin exchange Korbit announced this week that it has joined the ranks of multimillion-dollar bitcoin startup club, gaining $3 million in venture capital in a Series A funding round. The exchange has already received $600,000 in angel and VC investment, bringing its total funding to date to $3.6 million. The most recent round […]

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Newegg expands BTC buying option to Canada

Posted on August 26, 2014

Online tech retailer Newegg announced today that it will be bringing its popular pay-by-bitcoin option to customers in Canada. The company integrated BitPay’s payment platform to their U.S. checkout system in July, becoming the then-largest online store to accept digital currency. (This status was short lived, as Dell, DISH and Expedia adopted bitcoin payments in […]

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Bullion dealer Agora Commodities plans to launch cryptocurrency exchange

Posted on August 25, 2014

In a new CoinDesk profile of bitcoin-friendly precious metals retailer Agora Commodities, the credit-card eschewing bullion company dropped an interesting detail about their future plans. Agora founder Joseph Castillo told the website that his company is in the process of preparing to open a new digital currency exchange. Although there was no stated timeline for […]

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Chamber of Digital Commerce forms political action committee to steer Washington’s bitcoin position

Posted on August 25, 2014

The Hill reported today that the recently formed bitcoin-business advocacy group the Chamber of Digital Commerce has formally registered a new political spending group with the Federal Election Commission. Chamber CEO Perianne Boring, a former White House intern and legislative analyst for Rep. Dennis Ross (R-FL), told The Hill that the political action committee (PAC) […]

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Mycelium Entropy USB stick rockets past crowdfunding goal

Posted on August 25, 2014

Last month, cryptocurrency wallet-software provider Mycelium introduced Entropy, an open-source, multi-signature enabled USB-stick based paper wallet generator. The company had already tested a limited batch of the devices in a closed beta, and was taking to popular crowd-funding website Indiegogo to raise the $20,000 needed to produce the second batch on a more commercial scale. […]

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BitGive Foundation becomes first tax-exempt bitcoin charity in U.S.

Posted on August 25, 2014

The BitGive Foundation announced today that it has been officially granted 501(c)(3) status from the IRS, making it the first tax-exempt bitcoin charity in the U.S. The organization is now able to provide a tax deduction to donors, including those who donate directly in BTC, greatly enhancing the potential for fundraising. With their new tax […]

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BitPay exec sees major European merchant adoption “soon”

Posted on August 24, 2014

Here in the U.S., major businesses like Overstock, TigerDirect, Expedia and DISH are happily adopting bitcoin. While it could be argued that this first-wave adoption is more about free publicity than it is about the future of payments, it does beg a question: If bitcoin is a global phenomenon, why are all the major merchant […]

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ESPN paid in BTC for BitPay sponsorship

Posted on August 23, 2014

At a press conference about the upcoming Bitcoin St. Petersburg Bowl in St. Petersburg, FL, BitPay executive chairman Tony Gallippi revealed an interesting detail about the company’s sponsorship deal with ESPN Events: The payment was made in BTC rather than dollars. While not entirely surprising given that BitPay is a bitcoin payment processor, and the […]

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First bitcoin ATM launched in Manhattan

Posted on August 22, 2014

It may seem strange, but while bitcoin ATMs are popping up all over London, Canada, Southeast Asia, Africa and other far-flung locales, the city that arguably serves as the financial capital of the world, New York City, didn’t have one. Until today, that is. TechCrunch reports that the first bitcoin ATM in NYC has launched […]

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Cryptocurrency-based cloud-storage platform Storj raises 910 BTC in crowdsale

Posted on August 22, 2014

Distributed data storage service Storj announced the results of its first crowdfunding effort this week. The company raised 910 BTC in its first round, which ran from July 18 to Aug. 18, bringing in the equivalent of $470,200. Storj has a long-term funding goal of 9,800 BTC ($5 million). In a post-crowdsale report on Storj’s […]

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