Latest Bitcoin News by Category: Bitcoin Tech

Coinbase announces BitHack winners

Posted on 29th March, 2014

In February, Coinbase announced BitHack, an online hackathon open for “all developers who want to create something great with bitcoin.” Using the Coinbase API, programmers had just over a month to compete for a total of $18,000 in prize money. After weeks of waiting, the winners were finally announced in a blog post yesterday. First […]

Walmart now indirectly accepting bitcoin via Gyft

Posted on 25th March, 2014

Mobile gift-card app provider Gyft had pulled something of a retail-store coup, officially adding retail giant Walmart to its merchant list. This slightly indirect buying method means that bitcoin-bearing shoppers can use their cryptocurrency at all Walmart and Sam’s Club locations in the U.S. (roughly 5,000 locations), although it is not clear if the cards […]

Cryptocurrency-mining malware spreads on Linux machines

Posted on 24th March, 2014

A new version of malware worm is causing headaches for Linux users across the internet. Last year, Symantec identified a PHP-exploiting worm called “Linux.Darlloz” which was popping up on non-PC Linux devices like routers and security cameras. The worm was a security specialist’s nightmare, but most vulnerable devices could be easily patched with a simple […]

BTC exchange Kraken passes audit, all customer coins held in reserve

Posted on 24th March, 2014

The first generation of bitcoin exchanges had it easy. Users were so happy to have a place to buy and sell bitcoin, that they didn’t worry too much about how those businesses actually operated, whether or not they were secure, or even if the user funds were really all accounted for. The situation at Mt.Gox […]

Australia’s Diamond Circle unveils cashless bitcoin ATM

Posted on 24th March, 2014

Bitcoin ATMs all share a similar problem: They require cash. Customers pay in cash to receive bitcoin (either in a QR code-based transaction or a receipt-like paper wallet), or they pay in bitcoin to withdraw cash. For a currency that was born on the internet, relying on cash and paper to do business is a […]

Toronto-based hip-hop band becomes the first to make BTC via FrostWire

Posted on 23rd March, 2014

BitTorrent client FrostWire made news late last year when it introduced a plan to enable artists to embed bitcoin payment addresses into their uploads, providing a simple means to pay the artist directly. That functionality was included in the latest FrostWire update, 5.7.1, released yesterday. The payment integration includes support for litecoin, dogecoin and PayPal […]

The 84 alternate uses of the blockchain

Posted on 22nd March, 2014

Bitcoin is more than just a newfangled breed of internet-based currency. It’s a truly groundbreaking innovation that has the potential to completely reshape how we handle both public and private information. While the idea behind bitcoin was inspired by the need to have a universally available currency that wasn’t subject to the whims of governments […]

New bitcoin ATM unveiled in Silicon Valley

Posted on 21st March, 2014

With bitcoin ATMs popping up an almost daily basis for the last month, there as been a noticeable void of activity in the tech-driven community in Silicon Valley. That changed yesterday, when Robocoin launched a new two-way bitcoin ATM at the Bitconference held at 500 Startups headquarters in Mountain View. While the ATM isn’t likely […]

ATM industry group releases bitcoin ATM report

Posted on 20th March, 2014

It’s no surprise that more banking-related industries take such a critical, or even hostile stance towards bitcoin. By its very nature, bitcoin and other cryptocurrencies cut banks completely out of the loop and undermine their entire business model. From the banking world’s perspective, bitcoin is a completely disruptive innovation. From the perspective of the ATM […]