Monthly Archives: July 2014

Xapo releases updates about Xapo Debit Card

Posted on 3rd July, 2014

Online bitcoin wallet provider Xapo caught the attention of the cryptocurrency community back in April when it announced plans to debut a credit-card system compatible debit card. After the initial buzz, however, Xapo was relatively quiet about the project. In early June, Xapo founder Wences Casares said that the project was still being actively developed, […]

Winklevoss Bitcoin Trust amends SEC report, adopts “COIN” ticker symbol

Posted on 3rd July, 2014

The Winklevoss Bitcoin Trust has spent almost exactly one year slogging through the Securities and Exchange Commission (SEC) approval system, with multiple amendments to their filing along the way. In their most recent filing, the Winklevoss twins updated their plans for their bitcoin-backed exchange-traded fund (ETF) with what the Wall Street Journal deemed “minor tweaks” […]

Bitcoin ATM maker Lamassu releases open-source platform

Posted on 2nd July, 2014

If Lamassu has its way, bitcoin ATMs may soon be seen as more than a novel way to purchase digital currency. The ATM maker has released a new, open-source software platform today via GitHub that allows ATM owners to set their machines up as airport-style cash exchanges, bill-payment kiosks and remittance terminals, in addition to […]

Coinbase announces new “vaults” for long-term storage

Posted on 2nd July, 2014

This morning, Coinbase unveiled a product called “The Vault.” As the name implies, the service adds a wealth of options for customers looking for long-term, high-security bitcoin storage solutions. Using a similar interface to Coinbase’s popular online wallet, Vault accounts allow for timed-locked withdrawals, multiple withdrawal approvals. Unlike Coinbase’s current simple two-factor-authentication user-verification system, Vault […]

Report: Russia’s icy stance on bitcoin thaws

Posted on 2nd July, 2014

The Wall Street Journal reports today that Russia’s longstanding hostility to bitcoin may be easing. The paper reports that the Bank of Russia has altered its policies, and will no longer restrict the use of virtual currencies. Earlier this year, the Russian Prosecutor General’s Office declared bitcoin to be an illegal form of currency, and […]

Venture capitalist Tim Draper revealed as winner of Silk Road auction

Posted on 2nd July, 2014

Earlier today, venture capitalist and angel investor Tim Draper announced that he was the sole winner of the nearly 30,000 BTC auction of bitcoins seized from the Silk Road. Draper’s firm, Draper Fisher Jurvetson, is extremely well known in investment circles, backing high-profile projects like Skype, Hotmail and Tesla Motors long before they were known […]

Single bidder wins all 29,656 BTC in Silk Road auction

Posted on 1st July, 2014

In a brief email sent to media outlets and interested parties, the U.S. Marshal Service announced this afternoon that all 29,656 bitcoin being auctioned off had been awarded to a single buyer. “The US Marshals Bitcoin auction resulted in one winning bidder. The transfer of the bitcoins to the winner was completed today.” Neither the […]

Report: Chicago Sun-Times ad lets users buy Beyonce and Jay-Z tickets with bitcoin

Posted on 1st July, 2014

It’s no secret that print publications are struggling to remain relevant in an era of mobile-optimized websites, multimedia and social-networking based services like Twitter. But just because you’re struggling doesn’t mean you can’t innovate. The Chicago Sun-Times recently announced that it would be experimenting with a new ad allowing users to directly purchase tickets to […]

Coinbase partners with 1-800-FLOWERS

Posted on 1st July, 2014

While the tech world was all abuzz with the news that Newegg is now accepting bitcoin, Coinbase quietly announced a partnership with an eye towards the mainstream audience: 1-800-FLOWERS. The floral and gift delivery service isn’t exactly small a mom-and-pop flower shop, with a net revenue of $735 million in 2013. Perhaps more importantly, however, […]

Report: PayPal blocks $270K in donations to popular email provider, highlighting need for greater bitcoin adoption

Posted on 1st July, 2014

Created by CERN scientists in the wake of the NSA’s international computer-based spying campaign, ProtonMail is rather hard to cast as a criminally minded project. It exists largely to protect users from having their private emails read by anyone other than the intended recipient, encrypting the email in the browser itself. Given the huge need […]