Coin News

A California wedding officiant is now accepting dogecoin while an altcoin seeks to conquer the fertilizer market.

A California wedding officiant is now accepting dogecoin while an altcoin seeks to conquer the fertilizer market.

Por primera vez, Facebook ha dado el visto bueno a una aplicación para dar propinas mediante criptomonedas. De acuerdo con el anuncio realizado por Alejandro Caballero en Reddit hace unas horas, han sido aprobadas dos de sus aplicaciones: “Doge Tipping App” y “Multicoin Tipping App”. mbas aplicaciones fueron enviadas a Facebook al mismo tiempo hace unos […]

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$2 million in bitcoin can now buy you a real-life mining operation in Yukon, Canada.

A new report suggests that central banks could one day integrate bitcoin's underlying technology.

If you're reading this story in the U.S., you're probably someone who's heard a lot about Bitcoin, but doesn't know anyone who actually owns any.

If you're a European reading this story outside the Eurozone, or perhaps a resident of Hong Kong or Russia, the reverse may be true: A majority of your compatriots may not have heard of Bitcoin, but anyone sophisticated enough to have read up on it now likely owns some.  

As Bitcoin enters its fifth year in the wild, its largest concentrations of users can now be found not in the U.S. — which enjoys a stable banking system and a galaxy of existing mobile payments services — but rather in places where Bitcoin's core offerings — a hedge against inflation, a means of quickly executing transactions over long distances  — can actually be tapped into. 

"The reality is that in North America, consumers have access to a fairly decent set of financial services," Peter Smith, COO of Bitcoin wallet firm Blockchain, told BI in an email. "This isn't the case in the majority of the world. In fact, a huge portion of the world has little to no access to anything that would give them an even base level of financial capabilities." 

Here is what the chart looks like for per-capita downloads of Bitcoin software from SourceFourge. In the lead are all the countries in Europe that have not yet adopted the Euro. The U.S. ranks 15th.

On a currency basis, RMB-denominated Bitcoin transactions now outrank USD despite a seemingly never ending stream of threats out of the People's Bank's of China that they'll end all transactions.

The list of most Bitcoin nodes, or Bitcoin transaction confirmation servers, by population also shows the U.S. barely cracks the top 10, although there is a bit of a skew towards countries with cooler climates.Even in Europe, there are more than a dozen countries who don't use the euro, making cross-border transactions on the continent problematic. 

Ironically, overall investments remain concentrated in the U.S., though that may simply be a function that this is where the money is. Still, a third of all Bitcoin VC funds are now outside the U.S.

In an interview with BI last month, Jeremy Allaire, the founder of digital currency payments startup Circle, admitted that while the service is aimed at 18-34 year-olds across the world who have digitized everything else in their lives, he said he wouldn't be surprised if there were inordinate concentrations of adoption in places like Turkey and Brazil with shaky sovereigns.

"We’ll be wathcing to see orgnailly where pockets of users come," he said. 

Further evidence can be found at Bitpay, which just closed on the largest-ever round of funding for a Bitcoin investment firm. The location of the firm's newest office? Amsterdam. Its other two offices outside its Atlanta base are in Buenos Aires and Montreal. 

Smith named Russia, Indonesia, Malaysia, East Africa and South America as Bitcoin's next major growth regions, thanks to their "wildly volatile" currencies and/or large underbanked populations. 

"At Blockchain.info, we are seeing huge growth come from emerging markets," Smith said. 

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There are still plenty of business and career opportunities up for grabs in the Bitcoin Wild West. Find out what they are, straight from the mouths of these three leading industry experts

AB-129, the bill that would recognize digital currencies as lawful money, has moved to the Senate floor for consideration.

Here's a fun tidbit in an inspector general report to Congress about wrongdoing at the National Science Foundation.

In this week's roundup, Apple lets it's bitcoin guard and 50 Cent drops an album with some exciting news.

The Bitcoin Central & Eastern European Conference will take place on September 11 and 12 in Ljubljana, Slovenia. The aim of this conference is to address Bitcoin’s future and business opportunities. Speakers include and are not limited to Radoslav Albrecht, CEO & Founder of Bitbond, Stephan Tual, Head of Communications at Ethereum, Jesse Heaslip, CEO of Bex.io, and Josh Zerlan, Operation Manager of Butterfly Labs. The program will open with a keynote by Steve Beauregard, CEO of GoCoin who will discuss Why Bitcoin Payments Should Be Your Preferred Checkout Method. The Bitcoin Central & Eastern European Conference team issued the following press release: BITCOIN CENTRAL & EASTERN EUROPEAN CONFERENCE “FUTURE AND BUSINESS OPPORTUNITIES” To be held in Ljubljana (Slovenia) on […]

The post Bitcoin Central & Eastern European Conference appeared first on Bitcoin Magazine.

Bitcoin mining hardware producer CoinTerra has revealed it has a backlog of around 200 refund requests to process.

Following the Electronic Frontier Foundation challenge to increase the number of Tor relays, researchers from Yale University Miles Richardson, in collaboration with Mainak Ghosh, Professor Bryan Ford, and Tor community leader Rob Jansen, have announced TorCoin, a new altcoin which relies on the bitcoin protocol. orCoin aims to solve the Tor network shortage of nodes […]

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Following the Electronic Frontier Foundation challenge to increase the number of Tor relays, researchers from Yale University Miles Richardson, in collaboration with Mainak Ghosh, Professor Bryan Ford, and Tor community leader Rob Jansen, have announced TorCoin, a new altcoin which relies on the bitcoin protocol. orCoin aims to solve the Tor network shortage of nodes […]

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It can be as simple as thinking about the word differently or changing your focus

The charity, which is best known for its 'Red Nose Day' telethon, is exploring the potential for cryptocurrency donations.

Cryptocon is a cryptocurrency summit and barcamp being held in Sydney and Singapore this July. The event will play host to entrepreneurs, investors, enthusiasts and thought leaders in the digital currency space. The emphasis will be on regional leaders of this emerging technology. As an introduction to the event, and to promote awareness, Cryptocon recently asked some of its speakers a single pointed and direct question: “What is the number one problem that I hope Bitcoin will solve by the end of 2015?” The answers are as revealing as any presentation or speech. See how some of the Cryptocon speakers answered: Roger Ver – Blockchain, ‘Bitcoin Jesus’: “By the end of 2015 I hope that Bitcoin will enable people to […]

The post The #1 Problem Bitcoin Will Solve by 2015 appeared first on Bitcoin Magazine.

Bitcoin to U.S. Dollar direct exchange BTCpromo.net has recently come under fire regarding their shady business practices. The term “scam” is a common theme. It seems the “Sell Bitcoins for Dollars in PayPal” technique that they’re currently using is giving sellers the short end of the stick. TCpromo is registered to Queensland, Austrailia. However, the […]

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The social network has approved two new apps that allow tipping in dogecoin and 13 other cryptocurrencies.

Bitcoin ATMs are a relatively new development, allowing users to quickly and conveniently convert fiat to bitcoins, or vice versa. Companies like Lamassu and Robocoin are already established players in the bitcoin ATM industry, but it’s always nice to see some healthy competition. Just recently, I had the opportunity to talk to Simon Painter from Logicoins - an interesting new […]

The post Logicoins: A Multi-Cryptocurrency ATM appeared first on CryptoCoinsNews.

Facebook has approved a cryptocurrency tipping app for the first time, and it’s surprisingly not Bitcoin’s. On June 5, 2014, Alejandro Caballero, developer of The Doge Tipping App posted an excited announcement on Reddit’s Dogecoin section. Facebook approves The Doge Tipping App, and their new Multicoin Tipping App followed in its place. “t’s been a […]

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Facebook has approved a cryptocurrency tipping app for the first time, and it’s surprisingly not Bitcoin’s. On June 5, 2014, Alejandro Caballero, developer of The Doge Tipping App posted an excited announcement on Reddit’s Dogecoin section. Facebook approves The Doge Tipping App, and their new Multicoin Tipping App followed in its place. “t’s been a […]

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A bullion-friendly investment climate draws business to Singapore, while precious metals and bitcoin also remain a profitable match elsewhere.