Monthly Archives: July 2014

BitPay releases Copay, a open-source multi-signature wallet

Posted on 9th July, 2014

Earlier this year, Bitcoin Core developer Gavin Andresen declared 2014 to be the “Year of Multi-Sig.” The development of highly secure wallets requiring multiple private key approvals holds a huge amount of promise for more complex applications of the bitcoin protocol, enabling natively created smart contracts, escrows and corporate-style accounts where payments must receive multiple […]

Bitcoins.com domain name to be auctioned off, proceeds split with Mt.Gox creditors

Posted on 9th July, 2014

Later this month, the Bitcoins.com domain name will go onto the auction block. U.S.-based auction house Heritage Auctions will be selling off the domain to the highest bidder at a special event called Domain Names Signature Auction on July 24 in Dallas. Owned by Mt.Gox CEO Mark Karpeles through Mt.Gox’s parent company, Tibanne K.K., the […]

Bitcoin Core update to include “floating fees”

Posted on 8th July, 2014

In an update posted to the Bitcoin Foundation blog yesterday, Chief Scientist Gavin Andresen explained the implementation of the long-rumored “floating” transaction fee system. While previous versions of Bitcoin Core had hard-coded (yet optional) fees to miners for including transactions in blocks, version 0.10 will alter the wallet code to allow high-priority transactions to happen […]

Xapo raises $20 million in new funding, $40 million overall

Posted on 8th July, 2014

Multi-service bitcoin startup Xapo announced in a blog post today that the company has secured an additional $20 million in Series A-1 funding, bringing the total invested in the Palo Alto-based company to $40 million. The investment trumps the previous record of $30 million set by bitcoin-processing giant BitPay earlier this year. Although considered something […]

Bruce Fenton: ISIS terrorist bitcoin piece is “phony”

Posted on 8th July, 2014

Atlantic Financial founder and bitcoin enthusiast Bruce Fenton spends a lot of time in the Middle East. As an economic strategist focused on investment, and as the self-proclaimed owner of a 25-year-old regional security company whose clients include the “DoD, FBI, Army, Navy,” Fenton has at least some awareness of the tensions in the area […]

Is itBit’s New York relocation an indicator of things to come?

Posted on 8th July, 2014

In a blog post published yesterday, Singapore-based bitcoin exchange itBit announced plans to relocate its main office halfway across the planet to New York City. The move appears to signal a growing sense that the safest setting for bitcoin-based trading is no longer the relatively permissive Southeast Asian city-state, but rather the soon-to-be regulated by […]

Report: ISIS-tied blogger claims bitcoin could “enable jihad”

Posted on 7th July, 2014

Sky News reported today that a publication linked to the Islamic State of Iraq and Syria (ISIS) recently published a blog post entitled “Bitcoin and the Charity of Violent Physical Struggle” about the use of cryptocurrency in the global jihad. According to the article, the unnamed author claims that bitcoin is “untrackable” by Western governments, […]

Report: Mt.Gox paid parent company $200K after bankruptcy

Posted on 7th July, 2014

Did Mt.Gox pay its parent company, Tibanne K.K., roughly $200,000 in fees for “services rendered”? According to a document leaked by Mt.Gox tracking website goxdox.org, the failed Tokyo bitcoin exchange moved the funds on May 26, with court-appointed bankruptcy trustee Nobuaki Kobayashi approving the transfer. While Mt.Gox’s funds are seized pending the results of the […]