Latest Bitcoin News by Category: Bitcoin Tech

Mycelium Entropy USB stick rockets past crowdfunding goal

Posted on 25th August, 2014

Last month, cryptocurrency wallet-software provider Mycelium introduced Entropy, an open-source, multi-signature enabled USB-stick based paper wallet generator. The company had already tested a limited batch of the devices in a closed beta, and was taking to popular crowd-funding website Indiegogo to raise the $20,000 needed to produce the second batch on a more commercial scale. […]

First bitcoin ATM launched in Manhattan

Posted on 22nd August, 2014

It may seem strange, but while bitcoin ATMs are popping up all over London, Canada, Southeast Asia, Africa and other far-flung locales, the city that arguably serves as the financial capital of the world, New York City, didn’t have one. Until today, that is. TechCrunch reports that the first bitcoin ATM in NYC has launched […]

Cryptocurrency-based cloud-storage platform Storj raises 910 BTC in crowdsale

Posted on 22nd August, 2014

Distributed data storage service Storj announced the results of its first crowdfunding effort this week. The company raised 910 BTC in its first round, which ran from July 18 to Aug. 18, bringing in the equivalent of $470,200. Storj has a long-term funding goal of 9,800 BTC ($5 million). In a post-crowdsale report on Storj’s […]

Chain raises $9.5 million for block chain API development

Posted on 20th August, 2014

San Fransisco-based bitcoin development house Chain is already well ahead of the curve when it comes to raising venture capital. In January, the startup raised $4.2 million to further develop its API for bitcoin’s block chain, enabling a new suite of mobile apps to quickly and easily interact with the cryptocurrency network’s data. Clearly, investors […]

Bitcoin hashrate crosses 200 PH/s … and still climbing

Posted on 19th August, 2014

Strange things are afoot in the bitcoin mining world. The overall hashrate of the network made a gigantic leap today, climbing from an already impressive 171 petahashes per second to an incredible 206 petahashes per second in a matter of hours. For perspective, bitcoin only crossed the 1 PH/s threshold in September of 2013. Put […]

Russian social media tycoon launches block chain visualizer BlockTrail

Posted on 18th August, 2014

As one of the co-founders of Russian social media hub VK (formerly VKontakte), Lev Leviev knows a thing or two about turning a solid tech idea into a money-making enterprise. VK is now the second-largest social networking site in Europe, second only to Facebook, and is generally placed in the top 20 most popular websites […]

Blockchain explorer Blockr.io acquired by Coinbase

Posted on 18th August, 2014

Coinbase announced today that they have acquired up-and-coming blockchain explorer Blockr.io. The deal with the Slovenian company has seemingly been in the works for some time, as Blockr.io engineer Sašo Matejina and designer Samo Drole have already relocated to Coinbase’s hometown of San Francisco. The acquisition brings Coinbase’s team up to 40 full-time employees. Although […]

GoCoin launches SMS-based bitcoin payments

Posted on 16th August, 2014

Earlier this week, cryptocurrency-based payment system GoCoin launched a new payment system allowing merchants to initiate digital currency payments via SMS or email. The “Click-to-Bill” system, outlined in an article on CoinDesk, is currently aimed at the pre-paid phone market, and will allow customers to easily top-up bitcoin, litecoin and dogecoin-connected accounts without the need […]

eBay-owned payment system Braintree “in talks” to accept bitcoin

Posted on 15th August, 2014

Mechant-focused online payment gateway Braintree may soon become the first eBay-owned product to experiment with bitcoin payments. The Wall Street journal reported yesterday that Braintree was “in talks” with Coinbase and other bitcoin payment processors to launch a new digital currency payment option. Should a deal be reached, the impact on the bitcoin ecosystem could […]

Argentina’s BitPagos launches new in-store bitcoin buying service in 8,000 locations

Posted on 13th August, 2014

Argentina-based bitcoin payment system BitPagos announced this week that it will soon be launching a new service to bring in-store bitcoin buying to over 8,000 convenience stores in the country. The service, dubbed Ripio, will use an existing in-store network created by prepaid cell phone provider TeleRecargas. Although the new network is expected to come […]