Monthly Archives: May 2014

Bitcoin-friendly congressman has raised $1500 in BTC since FEC approval

Posted on 15th May, 2014

Last week, the Federal Election Commission approved bitcoin for in-kind donations in political campaigns and political action committees (PACs). Not surprisingly, one of bitcoin’s biggest champions in D.C., Colorado Representative Jared Polis, began accepting BTC on his website almost immediately. Thus far, the contributions have been nothing to scoff at: 39 donators had sent Polis […]

Report: U.S. District Judge approves prelimary Mt.Gox settlement

Posted on 15th May, 2014

At a hearing in federal court yesterday, U.S. District Judge Gary Feinerman gave Sunlot Holdings and a collection of Mt.Gox creditors preliminary approval to move forward with a settlement plan for the defunct Tokyo-based bitcoin exchange. Under the agreement, Sunlot and its partners would acquire Mt.Gox’s debits and assets for a single bitcoin. The move […]

CNET founder Halsey Minor announces new bitcoin payment service

Posted on 15th May, 2014

Tech entrepreneur and investor Halsey Minor knows a thing or two about being ahead of the curve. In 1993, he founded one-time tech haven CNET, selling it to CBS 15 years later for $1.7 billion. He’s also a co-founder of Salesforce.com (currently valued between $15 and $35 billion) and the founder of venture capital firm […]

Mac OS walletmakers Hive launch BIP 70-integrated Android wallet

Posted on 14th May, 2014

In terms of mainstream adoption, the BIP 70 protocol is a big deal. Instead of requiring users and merchants to work with 34-character, randomly generated bitcoin addresses and long confirmation times, BIP 70 generates human-readable confirmation codes and vastly improves how confirmations are handled. Although the BIP 70 protocol was implemented in the Bitcoin Core […]

U.S.-China trade commission issues new report about bitcoin

Posted on 14th May, 2014

The U.S.-China Economic and Security Review Commission (USCC) was established by Congress in 2000 to “report on the national security implications of the bilateral trade and economic relationship between the United States and the People’s Republic of China.” In other words, the USCC issues reports on major trading trends between the two nations, as well […]

Report: eBay “Actively considering” accepting bitcoin

Posted on 14th May, 2014

At the annual eBay shareholders meeting in San Jose, CA, yesterday, CEO John Donahoe answered a variety of questions from stakeholders about the company’s direction and plans for the coming year. One particularly interesting question was posed by Silicon Valley Black Chamber of Commerce representative Carl Davis, who was curious about eBay’s response to the […]

Bittylicious adds Visa, MasterCard and debit card buying options

Posted on 13th May, 2014

Bitcoin purchasing platform Bittylicious announced an exiting development just shy of its one-year anniversary: E.U. citizens are now able to use credit and debit cards to purchase bitcoin through the site. The U.K.-based company already offers a standard payment options, such as bank transfers and mobile payments, but the ability to irreversibly purchace BTC through […]

ATM industry groups issue new, highly favorable report on bitcoin

Posted on 13th May, 2014

The Electronic Funds Transfer Association (EFTA) and the ATM Industry Association (ATMIA) issued a largely positive new report on bitcoin this week. Titled “Bitcoin: Virtual Currency with Real Opportunities,” the report focused on how “virtual currencies and ATM systems can interface for their mutual benefit.” In the media release about the report, ATMIA’s CEO Mike […]

British second-hand electronics exchange CeX tests in-person bitcoin payouts

Posted on 13th May, 2014

The Glasgow location of British used-electronics store CeX announced a trial program to offer customers bitcoin rather than cash for their trade ins. For three days, the company’s Sauchiehall store will drop the U.K. pound sterling entirely from trade purchases, paying out exclusively in bitcoin. While clearly a publicity stunt, the move will allow some […]