Coin News

Michigan's attorney general has called for investors and consumers to educate themselves on the use of digital currencies.

  Many individuals just discovering bitcoin have a hard time wrapping their head around the concept of the blockchain and “Bitcoin 2.0.” The uses of the blockchain expand into more applications than money. These include storing any records, DACs (Decentralized Autonomous Corporations), and for the first time ever in human history, the ability to create an unforgeable document. There are many other facets of the blockchain technology that have yet to be discovered. The Seattle “Bitcoin4biz” Payment Summit will explore the technology behind the blockchain that is often neglected or misunderstood by those who are only focused on bitcoin as a currency. On the event website, it chiefly states: “The Bitcoin4biz Payment Summit will allow attendees to explore Bitcoin 2.0 […]

The post The Seattle “Bitcoin4biz” Payment Summit and Bitcoin 2.0 appeared first on Bitcoin Magazine.

A pro Islamic State in Iraq and Syria (ISIS) blog has released a post detailing the potential Bitcoin provides for terrorist funding. I want to emphasize that the Islamic State of Iraq and Syria (ISIS) has not proposed using Bitcoin to fund global jihadist efforts. The majority of ISIS members, the majority of Muslims, and the […]

The post Pro ISIS Blog Suggests Bitcoin For Terrorist Funding: Why That Won’t Work appeared first on CryptoCoinsNews.

Bitcoins.com is expected by an auctioning site to sell for $750,000 (or 1,250 Bitcoin).

Dogecoin Games Dogecoin was only a newborn pup six months ago. A big congratulations to the Dogecoin community. The coin has come far in this short time. It seems like an eternity. Such is the skewed nature of crypto-time. The space develops at such breakneck speed. It really needs its own calendar. Blink and you’ll miss it. At the time of Dogecoin’s birth I wrote a tongue-in cheek little piece detailing what Dogecoin would have to do to succeed. This was based on the assumption that Dogecoin would have to follow exactly in Bitcoin’s footsteps. In hindsight this was a little misguided. Dogecoin decided to blaze its own trail. At the core of its success is the ability to carve […]

The post Dogecoin Does Games Best appeared first on Bitcoin Magazine.

Dogecoin Games Dogecoin was only a newborn pup six months ago. A big congratulations to the Dogecoin community. The coin has come far in this short time. It seems like an eternity. Such is the skewed nature of crypto-time. The space develops at such breakneck speed. It really needs its own calendar. Blink and you’ll miss it. At the time of Dogecoin’s birth I wrote a tongue-in cheek little piece detailing what Dogecoin would have to do to succeed. This was based on the assumption that Dogecoin would have to follow exactly in Bitcoin’s footsteps. In hindsight this was a little misguided. Dogecoin decided to blaze its own trail. At the core of its success is the ability to carve […]

The post Dogecoin Does Games Best appeared first on Bitcoin Magazine.

The domain name Bitcoins.com, owned by Mt. Gox's Mark Karpeles, will be auctioned on 24th July.

Canadian and United States Bitcoin users have a reason to watch the road this fall as the Bitcoin Car rolls through streets all across the country. Not only because they can support the grassroots movement Kryptoz Inc., and Bitpages.co are trying to push forward, but because everyone has a chance to win the famous Bitcoin […]

The post The Great North American Bitcoin Giveaway appeared first on CryptoCoinsNews.

nterview mit Dolf Diederichsen, dem Mitbegründer von „bit4coin“ aus Amsterdam. Dolf Diederichsen hat an der Universität zu Köln BWL studiert und hat einen Abschluss als Diplomkaufmann. Im Juli 2013 gründete er „bit4coin“, um den Menschen den Zugang zu Bitcoin zu vereinfachen. Im nachfolgenden Interview spricht er über den Bitcoin in den Niederlanden und sein Unternehmen […]

The post Bitcoin in den Niederlanden: Interview mit Dolf Diederichsen appeared first on CryptoCoinsNews.

This story is in issue 20 In my pocket, I have an old leather wallet. It contains enough banknotes to buy a brand new wallet of a better model I saw in a magazine. This buying power belongs to just me: I am the only one who can use those notes to buy anything. Likewise, if I transfer them to another person, then instead of me, only this other person will own their buying power. Yet even if my transferring away my banknotes can always transfer along their control, it could never transfer along their property, which is not only mine. The notes, as representations of money, do not belong to just me. For example, I have no right to […]

The post Public Money: Avoiding Its Privatization appeared first on Bitcoin Magazine.

A bank-run nationwide network of payment terminals allows customers to buy bitcoin as easily as phone credit.

Xapo has raised $20m in its latest round, leapfrogging BitPay to become the best-funded bitcoin startup to date.

 Secure BTC vault Xapo has announced they’ve raised $20 million from Greylock Partners and Index Ventures, bringing their total investment capital to $40 million. Other investors include Emergence Capital Partners, Max Levchin, Yuri Milner, and Jerry Yang. Reid Hoffman and Mike Volpi will join Xapo’s board of directors. The company plans to use the funds to make bitcoin more… Read More

A supporter of Sunni terror group ISIS has outlined how to support the movement using Bitcoin. 

In a PDF posted to a Wordpress blog, a man calling himself Amreeki and Amreeki ("American") Witness on Twitter, explains the problems militants face in funding their operations.

One cannot send a bank transfer to a mujahid or suspected mujahid without the kafir governments ruling today immediately being aware. Perhaps, a few incredibly wealthy Muslims may find ways to avoid this system, especially ones in Arab countries, however the majority of Muslims are incapable of donating to those who need it most.

The solution is Bitcoin, he says. The author demonstrates a keen understanding of how the cryptocurrency works. 

It is a digital only currency created through a process called mining. A mining machine is a powerful computer that processes  recent transactions sent through the Bitcoin network, and validates them. If it finds that the transaction is legitimate, the money, Bitcoins, are sent and some Bitcoins are given to the miner. The people sending Bitcoins get their transactions validated and the miner receives a small fee, benefitting both sides. This system allows for no counterfeit Bitcoins to ever exist, as each one can only exist alongside validation. Bitcoin is sent instantly across the world, with waiting times not exceeding fifteen minutes on the norm.

The author advises sympathizers to set up accounts on Dark Wallet, a service that offers ramped-up anonymity for completing transactions.    

The Pentagon's Combating Terrorism Technical Support Office recently named virtual currencies as a potential threat to be investigated, although the Treasury has said terrorists would still need to rely on real currency to fund their operations.  

Sky News' Tom Cheshire was first with the story. Here's the full PDF:

btcedit-21

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Washington State’s congressional candidate B.J. Guillot announced last week that his campaign would now be accepting Bitcoin donations via BitPay. The Republican has been a staunch supporter of Bitcoin since 2013 and attained his first bit of the digital currency in May of the same year. Guillot has since advocated for the use of Bitcoin throughout commerce and most recently, campaign support. Surprisingly, the candidate also spends time mining Bitcoin, something that is almost unheard of in the political arena. Earlier this year, Congressman Jared Polis became the first US Representative to purchase bitcoin, when a Bitcoin ATM was put on display in Congress. It seems that Polis, the Colorado Democrat, may now have some company in regards to Bitcoin […]

The post B.J. Guillot for Congress Now Accepting Bitcoin Donations appeared first on Bitcoin Magazine.

CoinDesk speaks to Perkins Coie about its role in helping over 40 fledgling cryptocurrency businesses get up and running.

There are, theoretically, almost 13 million bitcoins in existence. Of this figure, I am going to assume that at least 2 million bitcoins have been lost. I believe this is a conservative figure, many more may be buried in long forgotten hard drives and Mt. Gox has accounted for a few, if Mark Karpeles is […]

The post Bitcoin’s Conundrum: Rewarding hoarders and punishing users appeared first on CryptoCoinsNews.

The Singapore-based bitcoin exchange says the move is to capitalise on the US trading market.

 As the local governments across the U.S. begin taking the first steps to embrace Bitcoin and bitcoin, startups like itBit are working feverishly to stake their claims. The company, which raised $3.25 million last November to launch a bitcoin exchange for institutional investors, is relocating from its current base in Singapore to New York in a move to get in on the ground floor of one of… Read More