Monthly Archives: May 2014

Bitcoin donations approved by Federal Exchange Commission

Posted on 9th May, 2014

After months of delay, the US Federal Exchange Commission (FEC) has ruled that political campaigns and political action committees (PACs) can accept bitcoin donations. The FEC’s draft advisory opinion originated from a request from Make Your Laws PAC, Inc. (MYL), and treats bitcoin donations as in-kind donations rather than cash donations. Under the ruling, bitcoin […]

BitID unveils bitcoin-based authentication protocol

Posted on 8th May, 2014

One of the bitcoin’s greatest innovations is cryptographically provable ownership. It’s one of the core building blocks of the blockchain, and arguably one of the most powerful security features ever devised. If BitID’s new authentication protocol works as promised, it could also become a game-changing method for account verifications. Currently, users are able to share […]

Report: Wall Street and Silicon Valley are bullish on bitcoin

Posted on 8th May, 2014

If the results of a new survey published by the Bitcoin Investment Trust (BIT) are to be believed, Wall Street and Silicon Valley investors are extremely optimistic about the future of bitcoin as both a financial tool and investment opportunity. The survey was backed by BIT’s parent company, SecondMarket, and responded to by a pool […]

Big changes in the works at Chinese exchanges Huobi and OKCoin

Posted on 8th May, 2014

Under increasing pressure from the People’s Bank of China, two of the “big five” Chinese bitcoin exchanges have announced plans to alter their business models. Although the PBoC issued new rules in December dramatically limiting access to the country’s banking system for bitcoin-based business, those rules have only been meaningfully enforced in recent weeks. Several […]

Statoshi project tracks Bitcoin node statistics

Posted on 8th May, 2014

In March, software engineer and bitcoin blogger Jameson Lopp posed an interesting question on CoinChomp: How many Bitcoin nodes is enough? To his surprise, Lopp found that while it was relatively easy to determine the number of nodes in the Bitcoin system, it was impossible to determine how well those nodes were performing. And even […]

SEC issues new investor alert about bitcoin scams

Posted on 7th May, 2014

In a new alert issued today, the U.S. Securities and Exchange Commission (SEC) warned investors about the increased risks of fraud from virtual currency-related schemes. The new SEC alert is an update to their previous cautionary release about virtual currencies, which warned of potential Ponzi schemes using digital money. Innovations and new technologies are often […]

Report: Bitcoin bill-payment systems booming

Posted on 7th May, 2014

Are bill-payment systems the first mainstream application of bitcoin? In the last few weeks, several new international services have launched allowing customers to pay for everything from utility bills to taxes using cryptocurrencies. Over at CoinDesk, reporter Jon Southurst takes a look at these new payment services. Southurst notes the launch earlier this year of […]

Coinbase acquires team behind content-sharing platform Kippt

Posted on 7th May, 2014

In its first major acquisition since raising $25 million in venture capital funds last year, Coinbase has bought the company behind content-sharing platforms Kippt and Inc. Although never well-known outside of the Silicon Valley startup community, the Y Combinator-based Kippt project was seen by many as an innovative sharing platform with an exceptionally powerful API. […]

Bitcoin startup Vaurum raises $4 million in seed funding

Posted on 7th May, 2014

A venture capital group headed by tech investor Tim Draper and former AOL CEO Steve Case has raised $4 million in seed money for “white-label” exchange startup Vaurum. Based in California, Vaurum is one of many companies working to build high-volume bitcoin trading platforms that can be easily integrated into existing commodity and stock-trading systems. […]

Report: The 10 most promising blockchain-based startups

Posted on 6th May, 2014

In a report published today on Business Insider, bitcoin-business consultant Tim Swanson names his top 10 startups that use blockchain-based technology. Swanson limited his list to companies no longer operating in pre-launch “stealth mode,” and which he believes to already offer a viable service. Several of Swanson’s picks are hardly unknown in the bitcoin community: […]