Monthly Archives: March 2014

Toronto-based hip-hop band becomes the first to make BTC via FrostWire

Posted on 23rd March, 2014

BitTorrent client FrostWire made news late last year when it introduced a plan to enable artists to embed bitcoin payment addresses into their uploads, providing a simple means to pay the artist directly. That functionality was included in the latest FrostWire update, 5.7.1, released yesterday. The payment integration includes support for litecoin, dogecoin and PayPal […]

BitPay joins Bitcoin Foundation

Posted on 23rd March, 2014

Atlanta-based BitPay is one of the rising stars of bitcoin payment processing, but until recently it didn’t have a seat at the table of bitcoin’s best-known advocacy group, the Bitcoin Foundation. Yesterday, the BitPay formally joined the foundation with a bang, joining at the “Gold” sponsorship level. While a “Gold” membership doesn’t come with many […]

Crypto exchange Vircurex freezes withdrawals

Posted on 23rd March, 2014

Last year, German-owned cryptocurrency exchange Vircurex was hacked, losing a “significant number” of bitcoin, litecoin and other alt-coins from the site’s hot wallets. The exchange reported the loss soon after it happened, and vowed to replace lost funds from their own pockets. Owing to “large fund withdrawals in the last weeks,” however, the exchange announced […]

The 84 alternate uses of the blockchain

Posted on 22nd March, 2014

Bitcoin is more than just a newfangled breed of internet-based currency. It’s a truly groundbreaking innovation that has the potential to completely reshape how we handle both public and private information. While the idea behind bitcoin was inspired by the need to have a universally available currency that wasn’t subject to the whims of governments […]

Who will win the bitcoin race: Winklevoss Twins or SecondMarket?

Posted on 22nd March, 2014

Last year, Cameron and Tyler Winklevoss announced their plans to launch the world’s first publicly traded Bitcoin exchange-traded fund. Unfortunately, the Winklevoss Bitcoin Trust has been mired in the complexities of Securities and Exchange Commission regulation, leaving the field open for competition. If Barry Silbert’s SecondMarket has their way, the Winklevii will be stuck in […]

New bitcoin ATM unveiled in Silicon Valley

Posted on 21st March, 2014

With bitcoin ATMs popping up an almost daily basis for the last month, there as been a noticeable void of activity in the tech-driven community in Silicon Valley. That changed yesterday, when Robocoin launched a new two-way bitcoin ATM at the Bitconference held at 500 Startups headquarters in Mountain View. While the ATM isn’t likely […]

Report: False rumor of Chinese bitcoin ban drives price drop

Posted on 21st March, 2014

Bitcoin prices have fallen a little over 2.5% (about $12) in the last 24 hours, seemingly due to a false report that Chinese authorities were on the verge of blocking all bitcoin transactions starting April 15. The claim, published on China’s equivalent of Twitter, Sina Weibo, has since been retracted. According to a translation published […]

BTC-e now processing withdrawals to Visa and MasterCard

Posted on 21st March, 2014

Thanks to a new withdrawal system recently announced by BTC-e, one of the biggest roadblocks to mainstream bitcoin adoption may soon be a thing of the past. Starting today, BTC-e customers can withdraw their funds to any country in the world through their Visa or MasterCard. This development has huge implications for the bitcoin community. […]

Mt.Gox confirms the recovery of nearly 200,000 BTC from “old format” wallet

Posted on 21st March, 2014

In a media release posted late yesterday evening on the Mt.Gox website, the bankrupt bitcoin exchange announced that it had recovered “199,999.99” BTC from an “old format” wallet. According to the statement, the discovery was made on March 7 during an audit as part of their bankruptcy proceeding. The recovered bitcoins are worth $114 million […]

Coinbase hires two big names from Amazon and Facebook

Posted on 20th March, 2014

This week, Coinbase announced the addition of two new staffers, both with impressive tech pedigrees. Former Facebook security director Ryan McGeehan will move to a security role at the bitcoin startup, while former Amazon business development and sales director Todd Edebohls joins the company as a VP of business development. From a business perspective, both […]