Coin News

Pair told CNBC BitPay believes traditional payments giants will need to implement bitcoin.

Reuters, the World news leader in business and financial news, is reporting that a Bitcoin task force of United States regulators has been busy working to put together the first Bitcoin rule-book. The rules will, hopefully, protect the users of bitcoins from fraud while being careful not to dampen down, or smother, what is effectively, […]

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Recently appointed Bitcoin Foundation board member Brock Pierce has written to fellow board members to present his case.

 Two weeks ago, Western Union received a patent for “Alternative value exchange systems and methods,” which, in short, is a way for the company to use and accept “alternative currencies.” At the time of filing, back in 2009, these currencies included barter systems like Bartercard and virtual gold and dollars from various online sources, including Second Life and World Of… Read More

The judgement stemmed from a lawsuit over 1,760 BTC that was never delivered to the buyer.

As a resident of western Washington, I was happy to find out that a Bitcoin ATM had recently been installed at the Spitfire sports bar in downtown Seattle. I decided to make a trip to try out the ATM and learn more about Coinme, the company behind Seattle’s first Robocoin kiosk. General Manager Nick Hughes and Compliance Officer Neil Burgquist were kind enough to sit down and have a conversation, where we covered topics ranging from the regulatory environment surrounding Bitcoin ATMs to their thoughts on the future of cryptocurrency in Seattle. What inspired you to start Coinme? Neil: I’ve been tracking Bitcoin for a long time, I had a lot of friends who were early miners. Especially being part […]

The post An Interview With Coinme, the Company Behind Seattle’s First Bitcoin ATM appeared first on Bitcoin Magazine.

Excessive price speculation and investor risk may have caused central bank clampdown, say Chinese exchange CEOs.

Hong Kong, being the closest financial hub close to China, has attracted Bitcoiners from far and wide.  On 5/18/14, Hong Kong’s Bitcoiners assembled at Shop 322 at the President Commercial Centre in Mongkok, HK to celebrate the grand opening of the HK Bitcoin ATM Store.  The HK Bitcoin ATM Store is now open 24/7/365 in […]

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New US central bank meeting minutes detail a lengthy discussion about bitcoin and its disruptive power.

This week: the latest bitcoin ATM installations, in China a new brand is born, and the DIY ATM.

The accounting software developer is trialling a bitcoin payments service called QuickBooks.

HKCEx recently launched their online exchange and sent out a press release on 5/14/14 announcing $25 million USD in funding and deposit bonuses.  This most recent press release was only published by one site: Technode.  Technode has now deleted their original article (which is still available in cached form) and replaced the link claiming that HKCEx raised […]

The post HKCEx, Hong Kong’s Supposed New Bitcoin Exchange And Bitcoin ATM Network, Exposed As Scam appeared first on CryptoCoinsNews.

Big-name companies are attempting to own concepts pertaining to digital currencies. How worried should we be?

The bitcoin exchange is experiencing a lengthy outage, brought about by server hardware issues.

You might have noticed that LocalBitcoins has been down since Saturday May 17th. In a recent update, LocalBitcoins says that they have no progress so far with their hardware issues: No progress with the hardware issue so far. Furiously waiting. — LocalBitcoins.com (@LocalBitcoins) May 19, 2014 Six hours ago, LocalBitcoins claimed that they had identified […]

The post LocalBitcoins is DOWN – Experiencing Hardware Failure appeared first on CryptoCoinsNews.

Movements succeed with numbers. Many people must partake to create the change we want to see. Bitcoin has come a long way since its introduction in 2009, and we are currently in mainstream media almost daily. Both the American and Canadian Senates are investigating our beloved virtual currency. However, we still have a long way to go to dispel the myth that many people hold that Bitcoin is an underground currency used to buy and sell drugs, or is not financially viable. The key in efficiently and effectively increasing adoption is in numbers. The more people we can reach at once with factual and accessible information, the faster adoption grows. I will call this Expedient Adoption. There’s no doubt about […]

The post Bitcoin Shows Off appeared first on Bitcoin Magazine.

Coinbase aims to supplant payment processors like MasterCard and Visa, CEO Brian Armstrong told the Wall Street Journal. As Armstrong hints at in the interview, altering current payment processing methods would be a huge boon to bank consumers around the world. Armstrong claims that credit card processing fees amount to $500 billion. Bitcoin will slim that number […]

The post Coinbase Answers Circle With MasterCard Replacement Aspirations appeared first on CryptoCoinsNews.

Despite struggling to find sponsorship most weeks, Josh Wise found himself thrust into NASCAR’s most exclusive event–the Sprint Cup All-Star race. Though his competitors possessed superior equipment, Wise made the most of what he had and turned in a respectable finish, beating out several of NASCAR’s all-time greats.  Josh Wise Finishes 15th in NASCAR All-Star […]

The post Josh Wise and the Dogecar Finish 15th in NASCAR All-Star Race appeared first on CryptoCoinsNews.

On Friday, May 9th, 2014, the Federal Advisory Council and Board of Governors of the Federal Reserve met for their quarterly meeting in Washington D.C. This meeting was historically held in secrecy until Bloomberg News “won” a Freedom of Information Act request under the Freedom of Information Law requiring the Fed to make the meetings minutes available to the public. The Federal Advisory Council (FAC) is “composed of twelve representatives of the banking industry, consults with and advises the Board on all matters within the Board’s jurisdiction…” according to the Federal Reserve in “About the Fed / Federal Advisory Council.” FederalReserveEducation.org (maintained by the Federal Reserve) breaks out the Structure and Functions of the Federal Reserve in an easily digestible […]

The post Federal Reserve’s Bitcoin Policy Begins to Take Shape appeared first on Bitcoin Magazine.

Bitcoin Foundation Canda has completed its latest round of elections and is now moving on new initiatives.