Bitcoin News May 16, 2014

This week in bitcoin: More big money, more big players enter the bitcoin arena

Subscriber content comes from Gigaom Research, bridging the gap between breaking news and long-tail research. Visit any of our reports to learn more and subscribe. Bitcoin: why digital currency is the future financial …GigaOM

Bitcoin Foundation in turmoil over new director Pierce

People barely understand Bitcoin right now, and they trust it even less. So the last thing that it needed right now was more bad press. And yet, once again, it is in the news for all the wrong reasons. This time it has to …vator.tv 

China May Be Disrupting Access to Major Bitcoin Websites

Though the full number of websites potentially affected by these issues is not yet known, sources told CoinDesk that a handful of the more notable bitcoin companies were affected. Eric Gu, co-founder of venture capital …Coin Desk

 

Google Glass Introduces “Nod to Pay” App

The app solely supports Bitcoin as of the time of this writing, with co-founder Rutger van Zuidam saying that it was “the most easy currency to implement, and the main story is about making payments frictionless.” …CRAVE ONLINE · ByPaul Tamburro

Bitcoins: sound investment or foolish enterprise?

In December 2013, a California Lamborghini dealership made national news when it sold a Tesla Model S to a Florida ... The final price tag was, in fact, 91.4 Bitcoins. Bitcoins have only begun to capture the attention of …Cleveland Jewish News

Google Glass Receives App That Lets You Nod to Pay with Bitcoins

The first time news about this particular app hit the world was back in February, and now the developers behind “Eaze” claim they’re the first ones to implement a payment solution to Glass. The app has integrated …Softpedia News

Cryptocurrency Round-Up: Big Dogecoin Theft and Circle Plans to Bring Bitcoin Mainstream

It's been another rather stagnant day on the cryptocurrency markets with bitcoin seeing a very slight rise in value, while the next three big coins all saw slight drops in value. The one exception, as has been the case over …Yahoo!

Mutiny At Bitcoin Foundation Over New Director Brock Pierce

At least ten members of the Bitcoin Foundation have resigned to protest the appointment of US entrepreneur and former child actor Brock Pierce to its board of directors. According to Reuters, the members are not …TechWeekEurope

Bitcoin Foundation members walk out over election of Brock Pierce

The news of resignations follows the election results for two new board members – Bobby Lee, head of BTC China with 79 percent approval, and Brock Pierce, current Bitcoin entrepreneur and financier with 65 percent …Techie News 

Circle Is A Free and Approachable Bitcoin Bank For Everyday Foks

Bitcoin services don't perhaps have the best of track records right now, and they can often appear niche and daunting. Circle hopes to change to change that,though, by offering a free and accessible bitcoin banking …gizmodo.in

Powershares to Launch New Alternative Fund; Bitcoin ETF Makes Progress

This week saw one release from Invesco Powershares and news concerning the proposed bitcoin ETF from the famed Winklevoss twins [for more ETF news and analysis subscribe to our free ETF Daily Roundup]. A …Yahoo Finance · ByJared Cummans 

Queensland's first Bitcoin ATM installed in South Brisbane

Brisbane Times-

What is believed to be Queensland's first Bitcoin ATM is up and running at a South Brisbane cafe, allowing customers to withdraw and sell the ...

Inflation Soars in the Bitcoin Consumer Price Index

In December, using bitcoin to pay for a cold Corona at New York City's Old Man Hustle bar was a smart move. With the digital currency up 64-fold for the year, patrons got lots of bitcoin bang for their beer. Bitcoin-priced …Bloomberg 

In 18 months, Feds got nearly 300 complaints about Bitcoin miner ...

Ars Technica-by Cyrus Farivar-

Nearly 300 complaints have been filed with the Federal Trade Commission (FTC) against the Bitcoin-miner makers at Butterfly Labs (BFL), ...

Dutch Payment Service Mollie Takes Bitcoin to 10000+ Merchants

CoinDesk-

Dutch payments provider Mollie has now added bitcoin to its long list of online payment methods. Established in 2004, Mollie is one of the ...

 

 

CNET founder Halsey Minor launches bitcoin platform Bitreserve.org

SFGate-Los Angeles Times-by Andrea Chang-

Its founder says the new bitcoin platform Bitreserve.org aims to address the cryptocurrency's volatility by providing real-time transparency and ...






21 Things I Learned About Bitcoin Living On It A Second Time

Forbes-by Kashmir Hill-

1. It is easier to live on Bitcoin this year than last. I did “Living on Bitcoin: Part Deux” because every time I talked about living on Bitcoin for a ...






Cumbria University PhD student is first in world to pay for tuition fees using Bitcoin

A Cumbria University PhD student has become the first in the world to pay for his tuition fees using the virtual currency Bitcoin. Leander Bindewald, 34, from Stockwell, south London, covered one month's fees at the …Daily Mail

Bitcoin needs regulatory framework to change 'risky' image

Bitcoin made headlines earlier this year when Tokyo-based bitcoin exchange Mt. Gox filed for bankruptcy after saying it might have lost some 750,000 bitcoins in hacking attack. Patrick Murck, general counsel at the …Reuters 

Circle unveils no-fee bitcoin platform, hopes to make currency less “terrifying” to normal people

(gigaom.com) -- Bitcoin is a delight for computer geeks and libertarians — and that may be one of its biggest problems: the complex code and cryptography that appeal to its supporters also mean that most normal people want nothing to do with the virtual ...CNN Money · ByJeff John Roberts

BitBeat: BitReserve Vows Bitcoin-Like Costs, No Bitcoin-Like Risk

“The idea that bitcoin itself could be so volatile and become money is almost an impossibility,” said founder and Executive Chairman Halsey Minor, the entrepreneur behind news service CNet and other early Internet …Wall Street Journal · ByPaul Vigna 

Bitcoin News May 13, 2014

CEX store trials Bitcoin purchases in Glasgow

CEX is trialling Bitcoin payments in its Glasgow Sauchiehall store and online. For the next three days, gaming fans can now buy and sell video games using the peer-to-peer payment network in the Glasgow store and …Digital Spy

Richard Branson Says Banking “In The Midst of Enormous Change and Innovation”

In light of recent news that Virgin’s Richard Branson contributed to BitPay’s enormous $30 million Series A funding, the man himself has made a statement on the matter, according to Business Insider. Branson’s …newsBTC 

UK shop cuts out cash for Bitcoin for next three days

Second-hand shop CeX has traded in cash for Bitcoin as one branch ditches pounds for a couple of days to celebrate online currencies and Scottish independence. Store manager Lou Macenzie and first Bitcoin …CNet · ByRich Trenholm

Scottish High Street Shop Ditches Pound for Bitcoin

In addition, the retailer has also installed Scotland's first Bitcoin ATM. With Scottish Independence high up on the news agenda, the issue of what currency they would use has become one of the key debates in the lead …International Business Times

First Major High Street Brand Ditches the Pound in Favour of Bitcoin

In addition, the retailer has also installed Scotland’s first Bitcoin ATM. With Scottish Independence high up on the news agenda, the issue of what currency they would use has become one of the key debates in the …The Economic Voice

 

Scottish retailer replaces pound with Bitcoin

“While we are temporarily dropping the pound from our Glasgow store, at a time when Scottish independence is high up on the news agenda, we are doing so to give customers a choice in how they trade with us.” …The Scotsman

 

CEX trial first bitcoin-only store in the UK

The company, which recently opened stores in Ireland, made the announcement on their blog page and are now looking to see whether ther Scottish branch will find much success in its experimentation with the …Silicon Republic

 

CoinTerra takes bitcoin mining to cloud

CoinTerra says it will be scalable and cost-effective alternative to owning and operating mining hardware. With bitcoin mining becoming cost prohibitive and resource intensive, crypto currency mining ASIC processor and systems manufacturer CoinTerra ...

 

 

Peak Bitcoin or peak hedge fund?

FT Alphaville-HedgeWeek-

New York – May 13, 2014 – Today Coin Capital Management, LLC announces the launch of Bitcoin-focused hedge fund Coin Capital Partners, ...




DarkWallet returns bitcoin to its anarchic origins

The Guardian-

Amir Taaki wears a jacket and hoodie and smiles at the camera cheekily Amir Taaki is part of a faction fighting for the heart of bitcoin to remain ...

Diamond Circle launches its own bitcoin ATM debit card

Diamond Circle, a bitcoin monetary ecosystem for the popular cryptocurrency, announced its pending launch of a new debit card. The Diamond Circle bitcoin debit card will only work with its cashless ATM machines, its …TweakTown 

Chinese bitcoin firms plan to go offshore to sidestep crackdown

Chinese bitcoin businesses are drafting plans to escape the mainland crackdown on the digital currency, the South China Morning Post has learned. China's biggest bitcoin exchange, Huobi, is considering shifting its …South China Morning Post 

Cryptocurrency News Round-Up: Dogecoin on Twitch; Living on Bitcoin & Darkcoin rises

The price of bitcoin, along with all other cryptocurrencies has fallen in the last 24 hours with the top 10 altcoins falling between 1% and 6%. There doesn't seem to be a reason for the slight fall in market capitalisations …Small Business Yahoo 

Bitcoin Is Hiring Lobbyists

Motherboard-

Does bitcoin need an army of lobbyists to stop the government from overregulating or stomping out the emerging currency? It depends who you ...

 

 

The Future Of Innovation: Five Things We Can Learn From Bitcoin

Forbes-CryptoCoinsNews

The past several years have seen bitcoin and other cryptocurriences become a multibillion dollar ecosystem, attracting hundreds of startup ...






The Boring Bitcoin Report: May 5 - 11, A Not-So-Boring Week In ...

Forbes-

This week will be very busy for Bitcoiners. The Bitcoin Foundation is kicking off their annual international forum on Thursday. Over 800 investors ...

The Winklevoss Bitcoin ETF Gets Closer To Reality

David Zeiler: The Winklevoss Bitcoin ETF is still awaiting regulatory approval from the U.S. Securities and Exchange Commission, but now we know that when the time comes it will debut on the Nasdaq exchange.Financial Content 

Is this the future of how we pay for things? Glasgow store to become first in Britain to replace the pound with virtual currency Bitcoin

While we are temporarily dropping the pound from our Glasgow store, at a time when Scottish Independence is high up on the news agenda, we are doing so to give customers a choice in how they trade with us.' Bitcoin …Daily Mail 

Living On Bitcoin A Year Later: The All-Bitcoin Start-Up With No Bank Account

Called Zeroblock, it was a market news aggregator app, and it became my favorite way to check the price of Bitcoin. I wasn’t the only one. The app went on to have 30,000 downloads, and when the price of Bitcoin shot …Forbes · ByKashmir Hill

 

Bitcoin news round-up: Turning bitcoin into gold not so easy after all

Back in November 2013, Channel Island Alderney said it was in talks with the Royal Mint to issue a gold-backed bitcoin-based £500 commemorative coin. Now those plans have been blown out of the water, following the …Money Observer 

Living On Bitcoin A Year Later: Touring Wine Country With Virtual ...

Forbes-by Kashmir Hill-

I did the same experiment last year when Bitcoin was far more underground than it is now, and it was rough. On the sixth day last year, I had to ...

 

Bitcoin Processor Raises $30 Million

MarketWatch-Wall Street Journal

-by Michael Casey-

The deal, announced Tuesday, shows venture capitalists are betting that bitcoin will keep gaining acceptance despite a string of legal and ...

Bitcoin News May 9, 2014

 

This week in bitcoin: The FEC and SEC are ready to talk to bitcoin

At 10 a.m. PST, the price had rebounded to $448. For background on why we’re using Coindesk’s Bitcoin Price Index, see note at bottom of the post. In other news we covered this week: Dogecoin may be worth a …GigaOM

Trezor and Hardbit Hardware Bitcoin Wallets Will Launch Within Days

Hardware bitcoin wallets are like buses ... we were able to improve several technical parameters of our device. The less good news is we will yet have to wait 9 weeks for the first prototypes and another 2-4 weeks for the …Coin Desk 

Winklevoss Twins to List Bitcoin Fund on Nasdaq

New York Times-

The move comes one day after the Securities and Exchange Commission issued a warning to investors about Bitcoin, saying that it created ...






BitBeat: VC Money Continues to Flow Into Bitcoin Businesses

It comes after last week’s news that Bloomberg was starting to publish bitcoin pricing data on its terminals, and it’s one more sign that Wall Street is getting serious about digital currencies. More and more money

What Are Bitcoin Nodes and Why Do We Need Them?

CoinDesk-by Daniel Cawrey-

It's well known that bitcoin is designed as a decentralized peer-to-peer (P2P) network. However, what's often lost in translation is the sheer ...

BTC/USD: FEC approves bitcoin donations to PACs

iNVEZZ.com, Friday, May 9: The US Federal Election Commission (FEC) approved the use of bitcoins for donations to political campaigns, after a unanimous vote in response to a request from one political action …Invezz

You Can Now Make Political Donations with Bitcoin

The U.S. Federal Election Committee has approved the use of Bitcoin in certain scenarios. Dogecoin nowhere to be seen, unfortunately. The Federal Election Commission voted unanimously (6-0) to approve the use of …Escapist Magazine

U.S. FEC Approves Bitcoin Donations To Political Committees

Depending on where you live and shop, you can buy a taco with Bitcoin, a form of virtual currency. You can also buy computer systems and even a Lamborghini with Bitcoin. Despite various shady activities and …Hot Hardware 

Bitcoin Board Welcomes Two New Members

The Bitcoin Foundation has announced the winners of its recent elections to fill two board seats. BTC China CEO Bobby Lee and venture capitalist Brock Pierce both came out in top in the second round of voting among …PYMNTS.com 

The Easy Way To Measure Bitcoin's Fair Market Value: A Do-It-Yourself Guide

He has founded two separate Bitcoin ventures and writes a widely-followed daily blog under the moniker the "Two-Bit Idiot," where he discusses news, analysis and ideas for the Bitcoin industry. Ryan lives in Boston, Ma.Investopedia 

Taxing Bitcoin: New Avalara feature helps companies deal in digital ...

InsideCounsel-GeekWire-by Blair Frank-

Avalara has added Bitcoin to the roster of currencies it can handle with its cloud-based AvaTax suite of sales tax compliance software. The new ...

Japan Bank Blocks Bitcoin-Related Wire Transfers

Wall Street Journal (blog)-by Takashi Mochizuki-

Shinsei Bank Ltd. has been refusing international money transfer requests from customers if they find that the transactions are related to the ...

Political Donations in Bitcoin Approved in US With Limits

International Business Times UK-

The US Federal Election Commission unanimously approved political donations in bitcoin, but limited donations to $100 per donor per election ...

Bitcoin mining startup fires half its staff, declares “we're not scammers”

Ars Technica-by Cyrus Farivar-

HashFast, an embattled Bitcoin mining startup, announced on Thursday that it has fired half of its employees as a way to save money. “In order ...

Dialing for Bitcoin? Federal Election Commission Approves Bitcoin ...

Slate Magazine (blog)-

The Federal Election Commission on Thursday voted unanimously to allow political donors to contribute using Bitcoin. The decision cracked ...

Living On Bitcoin A Year Later: Eating Like A Crypto-King

Forbes-by Kashmir Hill-

By my third day of Bitcoin living last year, I was down three pounds. By the end

Bitcoin wins US election panel's approval for political donations

Federal regulator finds the cryptocurrency qualifies as "money or something of value" but imposes restriction on its use. Bitcoin Bitcoins may soon be helping fund an election campaign near you. The US Federal …



Bitcoin Market Gets Stamp of Approval from Several Big-Name Players By Michael A. Robinson

But such positive Bitcoin news rarely gets the attention it should. It never ceases to amaze me just how poor a job the mainstream media does at covering key developments that prove Bitcoin is an unstoppable force.



U.S. election panel approves bitcoin donations to political committees

WASHINGTON (Reuters) - The U.S. Federal Election Committee said on Thursday that the virtual currency, bitcoin, could be used for donations to political action committees under certain conditions. In a unanimous vote …Chicago Tribune · ByPeter Cooney 

Bitcoin is ripe for fraud and Ponzi schemes, warns SEC

Bitcoin The US Securities and Exchange Commission issued an advisory Wednesday that warned investors to be wary of Bitcoin or other virtual-currency related investments. While not advising investors to avoid Bitcoin …CNet · ByDara Kerr 

Bitcoin Breakthroughs Studied by Banks the Currency Is Out to Replace

While Jamie Dimon and Warren Buffett express doubts about bitcoin, executives running the financial industry’s back offices are looking at mimicking the virtual currency’s methods of moving money quickly and …Bloomberg · ByOlga Kharif