Monthly Archives: April 2014

Attorney General Eric Holder says U.S. “committed to innovating” with virtual currencies

Posted on 8th April, 2014

Testifying before the House Judiciary Committee today, Attorney General Eric Holder said that the U.S. Department of Justice “is committed to innovating alongside this new technology in order to ensure investigations are not impeded by any improvement in criminals’ ability to move funds anonymously.” According to Bloomberg, Holder’s department has been increasingly focused on the […]

Chinese exchange Bter reinstates wire-transfer deposits

Posted on 8th April, 2014

For the last several weeks, the bitcoin-related news coming from China has been filled with gloom and doom. With the new People’s Bank of China policies still unconfirmed, many Chinese exchanges have taken preemptive steps to ensure compliance before the rumored April 15 changes. One exchange, however, is simply returning to basics. Last night, Bter […]

BitXatm unveils new merchant-friendly bitcoin ATM

Posted on 8th April, 2014

A new bitcoin ATM with point-of-sale functionality by German startup BitXatm was unveiled this week. Named the Sumo Pro, the ATM boasts an easy solution for merchants to would like to integrate bitcoin payments into their existing POS systems through a printable QR code. The ATM also has the ability to work with standard fiat […]

Bitcoin companies react to “Heartbleed” OpenSSL bug

Posted on 8th April, 2014

Computer security specialists and IT managers the world over have been racing to implement emergency fixes today for the “Heartbleed” security flaw in the popular OpenSSL cryptographic software library. The bug allows an attacker to gather data in 64 kilobyte blocks, slowly gathering a wealth of theoretically encrypted data. Although the most likely targets of […]

Bitcoin debit card Cryptex Card launches

Posted on 7th April, 2014

If there was a single roadblock to mainstream bitcoin adoption, it would be the limited point of sale (POS) options. Even for a relatively tech-savvy person, bitcoin transactions in their current form can be a little on the awkward side, involving smartphones, wireless connections, QR codes and confirmation delays. For the average person, swiping a […]

Jeff Garzik teases details about orbiting bitcoin node BitSat

Posted on 7th April, 2014

Last year, Bitcoin Core developer Jeff Garzik began talking publicly about plans to launch a small commercial satellite to serve as an orbiting bitcoin node. The idea was to provide a one-to-many solution for peer-to-peer network attacks, such as Sybil attacks, which are likely to increase as bitcoin becomes more popular. Even with a relatively […]

Bitfinex passes third-party audit

Posted on 7th April, 2014

Hong Kong-based bitcoin trading, futures and options platform Bitfinex announced to day the results of an independent audit by Ripple Labs CTO Stefan Thomas. According to the audit, Bitfinex was in full possession of all claimed funds, and has BTC reserves equaling 102.82% of all required holdings. The audit did not examine any part of […]

Wladimir van der Laan replaces Gavin Andresen as Bitcoin Core Maintainer

Posted on 7th April, 2014

After 18 months as the Chief Scientist of the Bitcoin Foundation, Massachusetts-based developer Gavin Andresen is handing over the reigns to Netherlands-based developer Wladimir van der Laan. In a post on the official Bitcoin Foundation blog published today, Andresen explained that he wasn’t leaving the project, simply stepping back from the lead technical position in […]

DuckDuckGo adds bitcoin price to search results

Posted on 7th April, 2014

Although it’s not in the big leagues with Yahoo, Bing and Google, search engine DuckDuckGo has established a nice for itself among privacy-minded web users thanks to its “no tracking” policy. Not surprisingly, the search engine has a loyal following in the privacy-minded bitcoin community. Over the weekend, DuckDuckGo took a step aimed at formalizing […]

Canadian government ends MintChip digital currency experiment

Posted on 6th April, 2014

In the summer of 2012, the Canadian government and the Royal Canadian Mint announced a new, experimental digital payment system called MintChip. Although it was fundamentally different from bitcoin and the new crop of alt-coins that were only just beginning to generate a buzz in the online community, MintChip was an unusually progressive financial experiment […]