Coin News

The government agency added that this policy could be changed for future tax years.

Bitcoin could solve key issues in the region's financial system and bring needed resources to the Middle East's underbanked.

John Donahoe, president and CEO of eBay Inc. was talking about his company’s future with digital currencies on CNBC. In the interview, he once again offered positive words about the future of technological advancements in money. ‘I think there’s no doubt digital currency is going to play an important role going forward, and at PayPal, […]

The post eBay CEO talks Bitcoin: “PayPal Will Have to Integrate Digital Currencies” appeared first on CryptoCoinsNews.

John Donahoe, CEO de eBay, ya lo comentó hace unas semanas durante una reunión anual con los accionistas de la empresa. En aquella ocasión, uno de los accionistas de eBay le preguntó sobre su opinión acerca del futuro de Bitcoin en el comercio internacional. Lejos de esquivar la pregunta, John Donahoe comentó que, en su […]

The post “PayPal tendrá que integrar monedas digitales” – CEO de eBay appeared first on CryptoCoinsNews.

 Celso Cardoso Pitta Jr., the founder of the bitcoin-based peer-to-peer lending service BTCJam, has spent over a decade thinking about how to make it easier for borrowers to get loans in emerging markets. What emerged was San Francisco-based BTCJam, a startup that aims to connect wealthy lenders with borrowers in places like Brazil. It’s one of the first companies to apply… Read More

A National Science Foundation (NSF) researcher has been blacklisted after mining bitcoin without authorization.

This article was written by Ruben Alexander and Brian Cohen The NSF or National Science Foundation Office of the Inspector General (OIG) just posted on their website their March 2014 Semiannual Report to Congress (PDF with metadata create date of 5/27). This report contains a write-up on an “Administrative Investigation” by the OIG entitled “Government-wide Suspension Recommended for Researcher Who Used NSF-Funded Supercomputers to Mine Bitcoins” (full extract at bottom). The National Science Foundation according to itswebsiteis “an independent federal agency created by Congress in 1950 ‘to promote the progress of science; to advance the national health, prosperity, and welfare; to secure the national defense…’” According to a “Special Report” from NSF, “From SuperComputing to the Terragrid” (Mirror) a 1982 […]

The post Government Bans Professor Mining for Bitcoin with Supercomputer appeared first on Bitcoin Magazine.

Venture capital raised by bitcoin startups in 2014 has already surpassed last year's figure by over $27m.

This post was published on bitcoinmagazine.com on June 8th, 2013 The past few days we have seen shocking revelations from the sphere of digital communications. The Guardian published a leaked top-secret court order requiring Verizon to hand over the metadata (caller, receiver, time, location, duration) of all phone calls made through Verizon’s networks (and not tell anyone about the order’s existence), and the site also verified the authenticity of a leaked slide presentation about PRISM, a program through which the NSA was collecting data including emails, chat messages, photos and stored data from nine major corporations. The White House has now admitted this and President Obama himself has seen it fit to deliver a speech defending the surveillance. Much less […]

The post Google, Facebook et al: If You Really Cared About Freedom and Privacy [Time Machine] appeared first on Bitcoin Magazine.

UK Only Article:  standard article Issue:  Beautiful game, dirty business Fly Title:  Bitcoin in Hong Kong Rubric:  The rule of law continues to appeal Location:  HONG KONG INSIDE the world’s first Bitcoin store in Hong Kong, a visitor from Tokyo hands over a wad of thousand-dollar bills and waits for a clerk to process the transaction on a laptop. Moments later, a notification on his phone shows that bitcoins have been added to his “digital wallet”, one more transaction in a city that has become a regional hub for the crypto-currency. Entrepreneurs in Hong Kong are scrambling to offer new services for bitcoin investors and enthusiasts in the region, despite a dip in confidence after the collapse of Mt Gox, a Japanese online exchange. The former British territory’s status has been enhanced by mainland China making it hard for the Bitcoin business—banning financial institutions from dealing in bitcoins and closing the bank accounts of online trading ...

In a landmark monetary policy move, the European Central Bank (ECB) has announced negative interest rates. The ECB will charge an interest rate of -0.1% to banks wishing to store euros within central bank vaults. Domestically, the intention is to prod banks into lending money to businesses as opposed to buying government bonds. Internationally, the […]

The post ECB Announces Negative Interest Rates: Bitcoin Price Rallies appeared first on CryptoCoinsNews.

A unique Bitcoin betting service for the Brazilian World Cup 2014 has launched, with a unique approach for the gambling world: Bitcoin bookies. Bitkup, which offers home-grown sweepstakes for the tournament due to kick off in two weeks’ time, is setting itself apart from traditional services both in its structure and hard figures, while its creator envisages universal appeal: “We created Bitkup with the main objective of disseminating Bitcoin interest beyond enthusiasts and providing the currency to people that just want to have fun and want to try their luck with predictions for the World Cup in Brazil 2014.” This whole approach was conceived by independent developers with a passion for the new Bitcoin currency and football. Bitkup.com was created […]

The post Brazil World Cup Gets Unique Bitcoin Bookies appeared first on Bitcoin Magazine.

As recently discussed, SatoshiPoint recently launched their first 2 ATM’s in London and the 1st ATM outside of London in the UK, located in Bristol. The launch party was graciously supplied by SatoshiPoint, drinks and food were freely available and of quite a quantity, needless to say, there were a few tipsy people by the end of the evening (myself included). The launch party was relatively small in comparison to bigger events and conferences held in London, numbering around 40-50 people at one time, this allowed it to be excellently open to conversations from everyone to everyone. Bitcoiners mingled with new and old bitcoiners and even individuals who only had a vague idea of what bitcoin is. The event was hosted […]

The post Satoshipoint Launch Party, ATM’s in the UK! appeared first on Bitcoin Magazine.

There has been a lot of talk in recent months regarding the role of cryptocurrency for the future of crowdfunding and equity creation. A new company is taking a different, and seemingly more widespread approach to cryptoequity and community funding of early stage projects and business ventures. This new platform, called Swarm, is co-founded by Joel Dietz, a former California native who now resides in Berlin. Swarm is the world’s first distributed incubator, and uses technology built on Bitcoin to allow startups to raise money through launching their own coin. This platform is providing a novel way to invest in innovation without the large barrier to entry of conventional funding methods. Holders of Swarm’s own coin (SwarmCoin) will receive a […]

The post Swarm Redefines Crowdfunding appeared first on Bitcoin Magazine.

Bitcoin has been on a bit of a run lately, having climbed nearly 50% in the past two weeks. Prices now sit at $655. 

We discussed some of the factors for the melt-up last week, but the surge has managed to occur in the absence of any of the biggest "Web 2.0" guys accepting the digital currency.

That may change sometime in the near future: Appearing on CNBC, eBay President John Donahoe told Andrew Ross Sorkin that while his firm has not set a date, it will have to integrate digital currencies like Bitcoin at some point.

Here's the full transcript:

JOHN DONAHOE: I think there's no doubt digital currency is going to play an important role going forward, and at PayPal, we're going to have to integrate digital currencies into our wallet. 

Andrew Ross Sorkin: So handicap it: How quickly do you think we'll see Bitcoin in PayPal? 

JD: Oh, I don't know, I can't give a specific time. But I think you'll see Bitcoin used in different use cases, whether it's a peer-to-peer use case, a cross-border transaction, someone's sending currency to someone else, and over time, you'll start to see it with some merchants accepting Bitcoin. And I don't know how big it will get how quickly, but the underlying theme is that a digital currency is something we're aware and something we should be paying attention to. 

ARS: Do you own any Bitcoin, personally? 

JD: Yes, I do. What do you think it should be worth? For me, I'm not buying it as an investment. I'm buying it to understand how it can be used. I think there are two sides of it, the investment side and the digital currency side. I'm more interested in the digital currency side. 

ARS: I don't know if it's a Stockholm Syndrome or what, but everybody that I talk to out here — and you sort of get into it — really does talk about Bitcoin as the next big thing. And they believe it. And they mean it. It is not just some kind of fly-by-night thing they are playing with. They are serious, and very big companies out here, are very, very serious about it.

And here's the clip: 

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This is interesting. Maybe it's nothing. Maybe it's not. But Simon de la Rouviere points out that it looks like Bitcoin just had its first ever reaction to a central bank announcement.

Specifically, at 7:45, the ECB made the historic decision to cut rates to negative. In other words, one of their interest rates will literally make it so that it costs people to save money.

And look what Bitcoin did right then. It's hard to believe there would be any direct link between monetary policy and the digital currency. But still, the timing is notable.

Join the conversation about this story »

YouTube recently released news about integrating a new direct-to-creator tipping/funding feature. This is most likely to compete against Vimeo’s Tip Jar feature. This is great news for content creators and YouTubers everywhere, but the potential could be largely expanded if YouTube includes Bitcoin. Here’s the playing field between YouTube and Vimeo. ouTube is owned by Google. Vimeo […]

The post YouTube to Integrate New Tipping Feature – Let’s Talk About the Possibility of Bitcoin appeared first on CryptoCoinsNews.

Jeremy Martinez is a modern day coin collector. He collects bitcoin and litecoin and luckycoin and zeitcoin and leafcoin and infinitecoin. Behind his living room television set, Martinez has set up 99 tiny USB devices, and each is equipped with a pair of custom-built computer chips. One chip is designed to mine bitcoin–the world’s most […]

Jeremy Martinez is a modern day coin collector. He collects bitcoin and litecoin and luckycoin and zeitcoin and leafcoin and infinitecoin. Behind his living room television set, Martinez has set up 99 tiny USB devices, and each is equipped with a pair of custom-built computer chips. One chip is designed to mine bitcoin–the world’s most […]

Jeremy Martinez is a modern day coin collector. He collects bitcoin and litecoin and luckycoin and zeitcoin and leafcoin and infinitecoin. Behind his living room television set, Martinez has set up 99 tiny USB devices, and each is equipped with a pair of custom-built computer chips. One chip is designed to mine bitcoin–the world’s most […]

The public’s stance on Bitcoin day trading is a highly debated topic. Some view Bitcoin as a “long hold and use” currency; whereas, others find it to be more profitable as a day-traded investment. One of those day traders is Andrew Cook, founder and CEO of Cook Investment Firm based in Santiago, Chile. “We are a […]

The post Andrew Cook Is Publically Teaching Bitcoin Day Trading appeared first on CryptoCoinsNews.

The Dogecoin community found an innovative way to market themselves to the general public, sponsoring Josh Wise, an overachieving NASCAR driver for the May Talladega race, where he finished 20th. Wise embraced Dogecoin and became an active participant in the Dogecoin subreddit, and /r/Dogecoin rallied once more to vote him into the NASCAR All-Star race, […]

The post Josh Wise Announces He Will Drive the Dogecar Twice More in 2014 appeared first on CryptoCoinsNews.

A host of events in Asia and Australia this year prove that bitcoin is truly going global.