Monthly Archives: May 2014

Report: Two new hardware wallets slated for shipping

Posted on 12th May, 2014

According to a report on CoinDesk, long-awaited hardware wallets Trezor and Hardbit should be shipping later this week. The dedicated hardware wallets are both designed for rugged use, and are designed to act as usable-yet-secure offline storage. SatoshiLabs’ Trezor is available in both aluminum and plastic designs, while Hardbit’s system is in a durable plastic-only […]

Following FEC ruling, bitcoin-friendly Congressman Jared Polis now accepting BTC donations

Posted on 12th May, 2014

Last week, the Federal Election Commission (FEC) published a draft version of an advisory ruling allowing in-kind donation of bitcoin to political campaigns and political action committees. Shortly after the announcement, noted bitcoin supporter Representative Jared Polis (D-CO) launched a bitcoin-donation page on his website. Bitcoin donations are likely to be seen as little more […]

Report: Wallet-like app Bity slips into iOS store by using native functionality

Posted on 12th May, 2014

It’s no secret that Apple isn’t a bitcoin supporter. The App Store has shut down every native bitcoin wallet for iOS in recent months, often with little explanation other than a form letter. While there is rampant speculation about why Apple blocks bitcoin-wallet apps, many of which seem related to Apple wanting a cut of […]

Following controversial election of Brock Pierce, Bitcoin Foundation members resign

Posted on 12th May, 2014

Last week, the Bitcoin Foundation finalized the results of the second round of elections to fill two vacant seats on its board of directors. The winners, BTC China’s Bobby Lee and “serial entrepreneur” Brock Pierce, were chosen over Gyft CEO Vinny Lingham. Almost immediately after the announcement, however, several members of the Bitcoin Foundation began […]

Report: Chinese media ban on bitcoin conference has negligible effect

Posted on 11th May, 2014

On Friday, China Digital Times leaked a notice from the Chinese government asking media outlets not to report on this weekend’s The Global Bitcoin Summit in Beijing. The media ban follows increased scrutiny on bitcoin from the country’s central bank, the People’s Bank of China, and closures of bitcoin-related accounts from almost all of China’s […]

Bitcoin Foundation announces new board members Bobby Lee and Brock Pierce

Posted on 10th May, 2014

Following the second round of voting to replace two vacant seats on the Bitcoin Foundation’s board of directors, BTC China CEO Bobby Lee and venture capitalist Brock Pierce were officially added to the board’s roster. The three-person runoff election saw Gyft CEO Vinny Lingham miss election to the post by a narrow 2% margin. Votes […]

Report: BitPay gains $30 million in new investment round from Richard Branson and Jerry Yang

Posted on 9th May, 2014

TechCrunch is reporting that Atlanta-based bitcoin-payment processor BitPay has received a new round of investment funding from Index Ventures, with Virgin’s Richard Branson and Yahoo co-founder Jerry Yang also participating. If true, the rumored $30 million investment would be the single largest funding round for a bitcoin startup. The report claims that BitPay’s new valuation […]

Winklevoss Twins’ plan to list new bitcoin trust on NASDAQ

Posted on 9th May, 2014

It’s no secret that the Cameron and Tyler Winklevoss have high hopes for their soon-to-launch Winklevoss Bitcoin Trust (WBT). What may be more suprising, however, is just how mainstream the “Winklevii” plan to make their new exchange traded fund (ETF). Rather than testing the waters by listing on a smaller exchange, the brothers plan to […]