Latest Bitcoin News by Category: Bitcoin Tech

Bitcoin Pizza Day: Is May 22 destined to become the first bitcoin holiday?

Posted on 22nd May, 2014

On May 18, 2010, a programmer in Jacksonville, Florida, named Laszlo Hanyecz was hungry. As a very early adopter of an experimental virtual currency called bitcoin, Hanyecz had also mined tens of thousands of the things. Surely there was someone out there in the digital void who might be willing to trade him a couple […]

QuikBit and Lamassu ink deal to bring bitcoin AVM network to U.K.

Posted on 21st May, 2014

Bitcoin machines might just be popping up like wildflowers all across the U.K. later this year thanks to a new deal between bitcoin ATM maker Lamassu and newly formed distributor QuikBit. Based in the self-governing British dependency of the Isle of Man, QuikBit aims to build a network of ATM-like automated vending machines (AVMs) across […]

Update: Google Chrome team says KryptoKit takedown was a mistake, result of malware

Posted on 21st May, 2014

Yesterday, Google’s Chrome team removed and automatically uninstalled popular browser-extension bitcoin wallet KryptoKit, leaving thousands of users without access to their bitcoins. Google cited vague “terms of service” violations as the cause, but otherwise provided no explanation for their actions. The developers quickly cried foul over the move, and within hours Google relented, restoring the […]

Accounting giant Intuit testing bitcoin payment service

Posted on 19th May, 2014

For small businesses in the U.S., Intuit is easily as trusted a name as Google, Apple or Microsoft. The company has been at the cutting edge of digital accounting and tax preparation since the early ’80s, launching products such as Quicken, QuickBooks, Turbo Tax and Billing Manager. This week, Intuit revealed that it was testing […]

New open-source bitcoin ATM retails for $999

Posted on 18th May, 2014

Dedicated bitcoin ATMs are at a crossroads. Even counting the first proof-of-concept working prototypes, the entire industry is less than a year old, with most of the “major” manufacturers having only a few dozen units in the field today. While orders are growing rapidly, so are prices. Robocoin and Lamassu are banking on a market […]

Toshiba partners with BitPay for new point-of-sale system

Posted on 17th May, 2014

Japanese electronics giant Toshiba has announced plans to integrate bitcoin payments into their VisualTouch point-of-sale system, partnering with Atlanta-based bitcoin payment processor BitPay. Although not one of the leading brand in the POS industry, VisualTouch is still a relatively popular payment platform. Toshiba claims that the system is used by over 6,000 clients in the […]

Gavin Andresen warns of the dangers of rising bitcoin transaction fees

Posted on 16th May, 2014

Chief Scientist of the Bitcoin Foundation and former lead developer on Bitcoin Core Gavin Andresen warned that transaction fees are likely to rise dramatically in coming months unless incentives are provided to miners. Speaking at Bitcoin2014 today in Amsterdam, Andresen said that steps must be taken to either ramp up the speed of block creation […]

Mac OS walletmakers Hive launch BIP 70-integrated Android wallet

Posted on 14th May, 2014

In terms of mainstream adoption, the BIP 70 protocol is a big deal. Instead of requiring users and merchants to work with 34-character, randomly generated bitcoin addresses and long confirmation times, BIP 70 generates human-readable confirmation codes and vastly improves how confirmations are handled. Although the BIP 70 protocol was implemented in the Bitcoin Core […]