Coin News

BitPay, a leading payment network allowing companies to accept bitcoin has become a Gold Member of the Bitcoin Foundation.

The shady Bitcoin exchange’s extended meltdown gets fishier by the minute

El Tiempo is reporting that Columbia is planning to ban all Bitcoin-related transactions next week. This news comes as quite a shock because the fact of the matter is Columbia is not exactly the first country that people think about when it comes to hotspots of cryptocurrency. The Finance Superintendent of Columbia has claimed that […]

The post Bitcoin is Not Banned in Columbia…Yet appeared first on CryptoCoinsNews.

Colombian newspaper El Tiempo suggests the country's central bank will release new, potentially restrictive bitcoin regulation next week.

The wallet focuses on mobile security as well as privacy protection for bitcoin but doesn't let you send BTC.

The Global Bitcoin Summit aims to bring the international bitcoin community together in China this May.

Writing for the New Republic, Evgeny Morozov has written a brief critique of what he dubs America’s “innovation fetish.” While not really spelled out in the article, there are some pretty obvious reasons to fetishize innovation. A look to the developing world reveals why. Innovation unleashed in a liberalized India, for example, has accelerated economic growth to 7 percent per year. Compounded, this growth will eliminate the very worst of Indian poverty in a generation of twenty years. Liberalization of the Chinese economy has pulled hundreds of thousands from grinding rural poverty to urban universities in a single generation. All this is not to say innovation solves all problems. It’s undeniably true that a rising tide lifts all boats. But […]

The post Everyone Should Fetishize Innovation appeared first on Bitcoin Magazine.

Banks issue non-performing loans, credit card companies get scammed, insurers get defrauded – so why the focus on bitcoin?

Today, at 17:49 BTC-e time, BTC-e released this update on their site.  This was the first update in nearly a month, the last update being a statement regarding Mt. Gox. Withdrawal of funds on the cards VISA / MasterCard issued in any country and in any currency. Dear our valuable clients! We are pleased to […]

The post BTC-e Allows Withdrawal Of Funds To Visa And Mastercard In Any Currency, Let’s See How Long That Lasts appeared first on CryptoCoinsNews.

An erroneous report about China banning Bitcoin caused prices to tank this morning, according to Coindesk's Pete Rizzo.

The report, published on mega Chinese social network Sina Weibo but since retracted, indicated the People's Bank of China had set a deadline of April 15 for all firms to halt Bitcoin trades.

The PBOC later stated its ruling from Dec. 5 prohibiting financial institutions from dealing in the digital currency was still in place.

The incident illustrates that information about Bitcoin, whether true or false, can still pretty much drop out of the sky and instantly up-end markets.

Here's what the drop looked like:

SEE ALSO: New Heists Reveal Two Key Things About The Evolution Of Bitcoin

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Reddcoin was released on February 2nd to the public, yet the Sub-Reddit has already grown to over 7,000 members in that short amount of time. The community is growing rapidly and at the rate it is growing, will surpass the subscribers of the Litecoin Sub-Reddit within thirty days. Reddcoin is the social coin, it is designed […]

The post Reddcoin: The Rising Social Currency appeared first on CryptoCoinsNews.

The new program will allow customers to send money to debit and select credit cards issued internationally.

A false report published by Sina Weibo was responsible for bitcoin's sharp price decline across top Chinese exchanges today.

The commissioner of the Texas State Securities Board issued an emergency order last week barring a private energy exploration company from accepting investments in bitcoin from non-accredited investors. The company, Balanced Energy LLC, allegedly solicited investors at the Texas Bitcoin Conference on March 6th with the statements “we don’t do any verification” and “we’re not the paperwork police,” and informed interested parties that capital contributions in bitcoin would be accepted. No fraudulent behavior was alleged by the Texas State Securities Board in its order, but the company was ordered to furnish potential investors with a disclosure informing them that Bitcoin is volatile and that their investment may be subject to extraordinary risk as a result. The issue of Bitcoin securities […]

The post Securities Registration Requirements Holding Bitcoin Back appeared first on Bitcoin Magazine.

Ryan McGeehan, responsable en sécurité chez Facebook, et Todd Edebohls, responsable en business développement chez Amazon, ont annoncé leur arrivée prochaine au sein de l’équipe de l’entreprise Bitcoin de San Francisco Coinbase.   Rassurer et redonner confiance D’après un article de TechCrunch, Ryan McGeehan, responsable sécurité chez Facebook, a annoncé sur son profil Facebook et […]

The post Des responsables de Facebook et d’Amazon rejoignent l’équipe de Coinbase appeared first on CryptoCoinsNews.

The bankrupt Japanese Bitcoin exchange MtGox has declared in it's filing that it has found over 200,000 lost bitcoins valued at over $116 million dollars. MtGox (previously the worlds largest Bitcoin exchange) has been in bankruptcy proceedings in the Japanese courts since a major hack in which nearly 850,000 bitcoins were stolen by hackers. Nasty. The coins apparently showed up in an old bitcoin wallet format which MtGox CEO said "it thought no longer contained any Bitcoins". You can see the disclosure here . This brings the lost Bitcoins to around 650,000 which is a significant improvement - though still a very painful compromise indeed.

Update: it seems there was a document, saying People’s Bank of China is looking into strengthening regulations. A ban on Bitcoin is definitely not part of it. The story is still developing, we will keep watching this closely. Bitcoin price has been dropping significantly since yesterday. Markets were responding worried after being told the People’s […]

The post Fake China Bitcoin ban pushes BTC price below $600 appeared first on CryptoCoinsNews.

Mt. Gox has confirmed it has found a bitcoin wallet containing 200,000 BTC.

Bitcoin! It's wild! It's crazy! It's all the rage! But what if instead of bubbling up to the surface and making waves here in the twenty-teens it had gotten popular way back in the 90s? Well, it would have looked a little something like this.

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Mt. Gox says the coins were in an older format wallet believed to be empty

RealtyShares, a company in San Francisco, was the first realty company to accept Bitcoin as payment for both purchases and investments in the real estate market. The company was started up in February and was the first of its kind to accept Bitcoin as payment. More companies picked up on this, and now a major […]

The post First Major Bitcoin Real Estate Purchase Recorded appeared first on CryptoCoinsNews.

Bitcoinference, a half-day event devoted to cryptocurrencies, proved a sell-out in California yesterday.

Missed what's been happening in the world of digital currencies? Catch CoinDesk's three biggest headlines this week.

In a bid to avoid another Mt. Gox , the software which drives Bitcoin transactions on the Internet has been updated to fix the weakness which contributed to digital vault's downfall.

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Everyone knows that global wealth is unevenly distributed. The top 1% has control over almost 50% of the global economy. But how does bitcoin wealth distribution compare to the global distribution of fiat and fixed assets? This gorgeous infographic explains: It turns out that the distribution of bitcoins among users is even more skewed than the […]

The post Who Owns All the Bitcoins – An Infographic of Wealth Distribution appeared first on CryptoCoinsNews.

Bankrupt bitcoin exchange Mt. Gox said it found 200,000 bitcoins, which were previously thought stolen, in disused electronic wallets. Another 650,000 bitcoins still remain unaccounted for.

The Dogecoin community is on the hunt for another successful marketing campaign. After their efforts to get the Jamaican bobsled to the Winter Olympics and Doge4Water where they made an effort to get drinkable water to Kenya, Dogecoin enthusiasts are trying to get their very own Nascar race car on the tracks. Josh Wise Where […]

The post Doge4Nascar wants to have a Dogecoin NASCAR race car appeared first on CryptoCoinsNews.

Mt.Gox, the bankrupt online currency exchange, said that it has located 200,000 bitcoin in a digital wallet. In a filing, CEO Mark Karpeles disclosed that the currency, which is worth about $118 million at current exchange rates, was discovered in one of the "old-format wallets" that Mt.Gox had used in the past and assumed no longer held any bitcoins. Read More

Well I’ve been “into” Bitcoin for nearly a year and like most people I’ve simply been hoarding my coin. It’s time to start spending! I recently had the opportunity to register for Bitcoin2014 (come join me! http://bitcoin2014.com/) in Amsterdam and naturally since the option of paying via bitcoin was available I had to try it. I had never actually bought anything with bitcoin before so I was in virgin territory. The process was surprisingly simple, straightforward and painless, partially due to good web design and partially due to luck. The bitcoin portion was run handled by BitPay and when I clicked to pay, a “bitcoin:” URL was created and executed by starting up my wallet (a Multibit wallet) that happened […]

The post My Virgin Bitcoin Spending Experiences appeared first on Bitcoin Magazine.

Bitcoin is big money. When Mt. Gox went belly up , hundreds of millions in bitcoin up and disappeared. Now, the troubled exchange just happens to have stumbled into 200,000 'coin it thought was lost, or roughly 116 million dollars.

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Bankrupt Japanese firm MtGox says it has found 200,000 lost bitcoins worth millions of dollars in a digital wallet from 2011 that it no longer uses.

In a bit of news that's familiar to anyone who ever put on an old jacket and found $20 in the pocket, embattled Bitcoin exchange Mt. Gox has made a fortuitous discovery. The company announced (PDF) in Japan that it found 200,000 Bitcoin (worth nearly...

Popular bitcoin wallet and payment processor Coinbase just made two prominent additions to its team. Facebook’s director of security incident response — Ryan McGeehan, and Amazon’s director of business development & sales — Todd Edebohls, will be leaving their jobs soon to work for Coinbase. When asked to comment about the new hires, Fred Ehrsam, co-founder of […]

The post Coinbase Hires Prominent Facebook and Amazon Employees appeared first on CryptoCoinsNews.

In a Japanese language post on Yahoo, Mt. Gox’s Mark Karpeles admitted that Mt. Gox was still in control of 200,000 BTC, roughly 23.52%  of the 800,000 BTC that they claimed to have lost in their civil rehabilitation proceedings. The google translated text of the Yahoo article is as follows: Bitcoin exchange Mt.Gox which collapsed […]

The post Mt. Gox Confirms ~200,000 Bitcoins Under Their Control… But Bitcoiners Already Knew That appeared first on CryptoCoinsNews.