Monthly Archives: September 2014

New WordPress plugin hopes to drive e-commerce adoption for PayStand

Posted on 5th September, 2014

BitPay’s monopoly on WordPress e-commerce payments may be coming to an end. Recently launched competitor PayStand has been gaining significant attention this week, offering a wide range of payment options including a zero-fee payment option for bitcoin purchases. The plugin, available for popular e-commerce plugin system WooCommerce, may help PayStand gain a foothold in the […]

iOS reservation app Resy becomes first to integrate Coinbase payments

Posted on 4th September, 2014

Resy, a New York-focused mobile-restaurant reservation service, has become the first iOS app provider to fully integrate Coinbase’s OAuth2 protocol, allowing Apple device users to buy directly from their Coinbase wallets. The integration is the first implementation of the Coinbase OAuth2 protocol on an iOS device following Apple’s reversal of a ban on in-app bitcoin […]

NYU and Duke University offer new bitcoin-focused courses

Posted on 4th September, 2014

Is bitcoin’s impact on economic theory already filtering into mainstream academia? Coindesk reports today that two major U.S. colleges — New York University and Duke University — have begun offering bitcoin-focused courses for the new semester. NYU’s class, titled “The Law and Business of Bitcoin and Other Cryptocurrencies,” is taught by Law Professor Geoffrey Miller […]

MIT campus bookstore to accept bitcoin

Posted on 4th September, 2014

An MIT campus bookstore has become the first on-campus store to officially accept bitcoin in anticipation of the coming Bitcoin Project. The Kendall Square bookstore has partnered with Atlanta-based bitcoin payment processor BitPay to accept BTC purchases, allowing students to purchase textbooks and official MIT merchandise. Although there are many stores across the globe that […]

KnCMiner raised $14 million in new funding round

Posted on 4th September, 2014

Stockholm-based bitcoin mining hardware maker KnCMiner announced the results of a new funding round today, adding $14 million to the company’s expansion plans. The Series A round cash will be invested into new hardware designs and software development, as well as funding the company’s ongoing growth in the cloud-based mining sector. The fundraising round was […]

British hacker pleads guilty to bitcoin ransom scheme

Posted on 3rd September, 2014

According to a story published by Kent Online, U.K.-based hacker Lewys “sl1nk” Martin stole the account details of 28,000 customers of Halifax Bank, threatening to release the details unless he was paid one bitcoin for every 10 records. Fortunately for Halifax Bank customers, Martin’s scheme didn’t pan out. The 22-year old was captured in February […]

DigitalTangible partners with Amagi Metals and Agora Commodities to launch new gold-bitcoin exchange

Posted on 3rd September, 2014

There’s a well-established overlap between the bitcoin marketplace and the market for physical gold. Both communities have a well-founded skepticism of central banks and fiat currency, for instance. With that in mind, it’s hardly surprising that bullion dealers were among the first generation of merchants to realize the potential of bitcoin as a medium of […]

Xapo: “The BitLicense is over-regulation”

Posted on 3rd September, 2014

Xapo founder Wences Casares has weighed in on the “BitLicense” regulatory framework proposed by the New York Department of Financial Services (NYDFS), calling it “over-regulation” that “hinders progress and serves an anticompetitive function” for the still-growing bitcoin industry. In a new post on the Xapo blog, Casares said that the regulation will have a “potentially […]

New partnership brings bitcoin payments to over 10,000 Indonesian convenience stores

Posted on 3rd September, 2014

A new partnership between Indonesian bitcoin exchange and the Indomaret convenience store chain is set to bring cryptocurrency payments to over 10,000 new locations in the Southeast Asian country. The new service is powered by payment gateway iPaymu, giving bitcoin transactions a serious credibility boost in the region. Using the new system, Indonesians will […]

University of Zurich tests student-made bitcoin-payment system in cafeteria

Posted on 2nd September, 2014

If there’s a single test for whether or not bitcoin is finally ready for mainstream use as a currency, it’s this: Can I buy lunch with it? That scenario is about to be put to a two-week test at Switzerland’s University of Zurich, where a student-built bitcoin payment system is due to be put through […]