Monthly Archives: June 2014

Bitcoin developer Gavin Andresen weighs in on centralized mining and the GHash situation

Posted on 14th June, 2014

Back in May Bitcoin Foundation Chief Scientist told a crowd at the Bitcoin2014: “I still don’t care about mining [except] in the way it affects user experiences.” In the past two months, however, the situation has changed. Writing for the official Bitcoin Foundation blog today, Andresen expressed deep concerns about centralized mining and the impact […]

Report: The King’s College accepts tuition payments in bitcoin

Posted on 13th June, 2014

According to a report on CoinDesk, New York City’s The King’s College announced today that it will begin accepting bitcoin for tuition and other expenses. The small, private Christian liberal arts school has partnered with payment processor Coin.co to handle the transactions. Only a handful of colleges across the world currently accept bitcoin payments. The […]

Bitcoin price tanks as U.S. government announces auction of 30K BTC from Silk Road

Posted on 13th June, 2014

The U.S. Marshal service announced today that it will be auctioning off nearly 30,000 BTC seized from Silk Road accounts last year. Worth more than $17.5 million, the bitcoin will likely sell for a considerable discount from the market value. Interested parties must commit a refundable deposit of $200,000 from a U.S. bank by June […]

Bitcoin ATM maker BitAccess admitted into tech startup accelerator Y Combinator

Posted on 13th June, 2014

There are few tech incubator programs as prestigious as Y Combinator. The program has provided seed funding and business development guidance for some of the best-known startups of the last decade, including Dropbox, Airbnb and Reddit. In the bitcoin world, Y Combinator is perhaps best known as an early backer of Coinbase, easily one of […]

Mining pool giant GHash.io reaches 50% of bitcoin hashing power

Posted on 13th June, 2014

Yesterday, mining pool giant GHash.io controlled fully half of the hashing power of the entire bitcoin network. For a distributed network that relies on trustless consensus, having the majority of the “voting” power controlled by a single mining pool is more than a little problematic. Most notably, it opens up the bitcoin network to the […]

Metal band Mastodon accepts bitcoin for new album

Posted on 12th June, 2014

Grammy-nominated metal band Mastodon has joined the growing list of bitcoin-friendly musicians, announcing yesterday that they would accept the cryptocurrency for pre-orders of their forthcoming album Once More ‘Round The Sun. The band, signed to Warner Bros. Records, has partnered with BitPay for the release. The album is the sixth studio recording for the band, […]

Report: Bitcoin startup incubator launched on Isle of Man

Posted on 12th June, 2014

Earlier this week, self-governing British Crown Dependency Isle of Man announced plans to introduce friendly regulation for the island’s growing bitcoin industry. Yesterday, a group of six companies announced a plan to actively support the island’s growing cryptocurrency industry, offering free and steeply discounted services for bitcoin and digitial currency related startups. According to a […]

Report: Former Blockchain executive joins OKCoin

Posted on 12th June, 2014

Over the course of 2013, Changpeng Zhao helped Blockchain grow from a small startup to one of the biggest names in the bitcoin industry. As the Head of Development, Zhao guided the company through countless stages, helping to launch a suite of storage and analysis tools used by people and companies across the globe. Anyone […]

Can bitcoin help to reshape the accounting industry?

Posted on 12th June, 2014

In an essay published this week by the International Federation of Accountants (IFAC), CEO Fayez Choudhury suggests that bitcoin and other virtual currencies could completely reshape their entire industry. The article, “It’s Not Really about Bitcoin, It’s about Change,” examines the almost-certain impact of blockchain-based technology on a field that is already at the front […]

BTC.com domain goes up for sale

Posted on 11th June, 2014

It’s no surprise that small domain names can go for huge prices. They’re easier to remember, faster to type, and they fit into marketing materials and social media with ease. The right three-letter domain name can go for huge amounts, like MI.com (sold for $3.6 million) and Box.com ($1 million). Given the exponentially increasing attention […]