Monthly Archives: April 2014

Many clues to bitcoin’s future in CoinDesk’s State of Bitcoin

Posted on 24th April, 2014

Every quarter, CoinDesk releases a “State of Bitcoin” report highlighting trends in the bitcoin industry. While much of the individual charts and details are common knowledge to anyone who follows virtual currencies, it’s extremely useful to see the entire quarter’s trends in a single, well-sourced document. There’s no getting around the fact that Q1 2014 […]

Bitcoin-championing retailer Overstock reports 9% revenue boost in Q1

Posted on 24th April, 2014

Although bitcoin is unlikely to have played a major role in Overstock.com’s significant first-quarter earnings uptick, it’s good to know that one of the rare major online retailers to advocate for virtual currencies seems to be doing just fine. Overstock’s quarterly report was published today, showing a strong 9% growth in both revenue and gross […]

Xapo unveils new, potentially game-changing bitcoin-based debit card

Posted on 24th April, 2014

One of the biggest frustrations for bitcoin users is the lack of cryptocurrency-accepting merchants. Even if you have a fortune in bitcoin, actually using it in everyday life ranges from being a huge hassle to completely impossible. Bridging the gap between the existing world of bank and credit-card based currency and bitcoin is the billion-dollar […]

Report: More than 50% of Silk Road 2.0 hacking victims repaid in full

Posted on 23rd April, 2014

In mid-February, Silk Road 2.0 announced that it had lost nearly 4,500 BTC (around $2.6 million) to a transaction malleability attack. As the unofficial successor to the original Silk Road marketplace, which was busted by federal authorities in October of 2013, Silk Road 2.0 was already suffering from serious credibility issues. Not surprisingly, many assumed […]

New details revealed about “BitSat” orbiting bitcoin nodes

Posted on 23rd April, 2014

In early April, bitcoin developer Jeff Garzik dropped a few hints that major updates were in the works for the proposed “BitSat” program. The system would put at least one bitcoin node in orbit around the Earth, creating a one-to-many connection for blockchain updates that would be immune to a range of terrestrial peer-to-peer attacks […]

Dorian Nakamoto thanks the bitcoin community for donations

Posted on 23rd April, 2014

In the weeks since a Newsweek cover story by Leah McGrath Goodman claimed that bitcoin’s mysterious creator was 64-year-old computer engineer Dorian Nakamoto, the general consensus is that the once-venerable magazine got it wrong. Instead of unmasking Satoshi Nakamoto, it appears that Newsweek harassed a financially struggling man with severe health issues, making his life […]

National Stock Exchange announces partnership with bitcoin trading platform Atlas ATS

Posted on 23rd April, 2014

Bitcoin’s steady march towards Wall Street crossed another milestone today as bitcoin trading platform Atlas ATS announced a deal with the National Stock Exchange (NSX). Although the New Jersey-based NSX is one of the smaller national stock exchanges, averaging less than 1% of the U.S. stock-trading volume, it has the significant advantage of being a […]

Will bitcoin donations become a factor in the next election cycle?

Posted on 22nd April, 2014

The Federal Election Commission has carefully avoided making a definitive statement on the legality of bitcoin donations to political candidates. Late last year, the FEC went so far as to say that it would be investigating bitcoin donations before the next mid-term elections, but offered no insight about how current donations should be handled. With […]

Danish political party adopts blockchain-based system for internal voting

Posted on 22nd April, 2014

Denmark’s Liberal Alliance may not be a dominant force in Danish politics, but it is miles ahead of the rest of the political world when it comes to technological innovation. In the tiny town of Hvidovre, the local division of the party will be using a new internal voting system based on bitcoin’s blockchain technology […]

MEVU debuts proof-of-concept wearable bitcoin wallet

Posted on 22nd April, 2014

Much like how cryptocurrencies are reshaping the definition of money, wearable technologies are rethinking how the real and digital worlds interact. Startup wearable tech company MEVU recently unveiled a new, proof-of-concept bracelet that tracks wrist movements. It’s first real-world application is to serve as a bitcoin wallet that can approve purchases with little more than […]