Monthly Archives: April 2014

Report: Africans “hurt” by high remittance fees

Posted on 17th April, 2014

If there is a single real-world problem that bitcoin could solve, it’s the overwhelming cost of sending money internationally. According to investors like Barry Silbert, it may be bitcoin’s role as an alternative remittance provider that catapult the cryptocurrency into the mainstream. At the moment, remittance fees average between 7 to 9%, creating a real […]

U.K.-based technology reseller CeX to offer bitcoin for used goods

Posted on 17th April, 2014

Online marketplace CeX is something of a clearinghouse for used technology and entertainment products. If you live in the U.K. and have a used smartphone, a bunch of dust-gathering DVDs or an old DSLR camera, CeX lets you trade it in for cash. Starting this week, you can also swap out your used possessions for […]

Blockchain announces open nominations for the Blockchain Awards

Posted on 16th April, 2014

The Bitcoin Foundation and Blockchain.info are partnering to launch the Blockchain Awards to “celebrate innovation and excellence in the Bitcoin community.” The initial round of awards will go to people and projects in ten categories, with nominations being open to the public. The current list of awards are: Most Impactful Charity Most Creative Video Most […]

Report: Colorado marijuana vending machines will accept bitcoin

Posted on 16th April, 2014

In recent article in Denver Post-owned marijuana-industry publication The Cannabist, the first batch of soon-to-launch pot vending machines will be built to be bitcoin friendly. The machines are being marketed under the brand name ZaZZZ, and are intended as an ancillary service for use in marijuana dispensaries. The machines aren’t quite as simple to use […]

Forensic linguists claim Nick Szabo is the real Satoshi Nakamoto

Posted on 16th April, 2014

Student researchers at the U.K.’s Aston University Centre for Forensic Linguistics have released a new analysis of the bitcoin whitepaper written by the seemingly pseudonymous Satoshi Nakamoto. Their conclusion? Bitcoin’s “probable creator” law and technology blogger Nick Szabo. The study compared the writing styles and language use of more than a dozen potential authors, including […]

Mt.Gox files for liquidation

Posted on 16th April, 2014

After nearly two months under bankruptcy protection, defunct bitcoin exchange Mt.Gox has officially ended all plans to rebuild. Earlier today, Mt.Gox’s attorney’s asked a Tokyo court to allow the company to begin the liquidation process. The move comes as a blow to the exchanges former customers, many of whom hoped a buyer for the company […]

Bitcoin bummer: WalMart drops Gyft

Posted on 15th April, 2014

Only last month, bitcoin-friendly mobile gift-card app Gyft announced a major coup: Retail giant WalMart had joined their program. In a matter of seconds, users could convert their bitcoin stockpiles into real-world goods, completely sidestepping the need to convert funds to local currency. Not surprisingly, the move was hailed as a milestone in bitcoin history. […]

Charlie Shrem formally indicted on money laundering charges

Posted on 15th April, 2014

Earlier this month it was reported that BitInstant co-founder was in plea deal talks with Federal authorities following his arrest in connection the now-shuttered Silk Road marketplace. Those talks appear to have broken down, and Shrem, 24, has been formally charged with multiple money laundering crimes. Shrem’s arraignment is scheduled for April 29. If convicted, […]

Game on! “Take My Bitcoins!” brings bitcoin to the game show universe

Posted on 15th April, 2014

One of the best things about innovation is that you get to make up your own rules. In Mike Rotman’s case, creating a streaming, bitcoin-themed game show meant that he didn’t have to worry about pitching his idea to a network. Instead of running the gauntlet of TV industry gatekeepers, Rotman and his team simply […]