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The restructuring plans from Microsoft caused a ripple effect throughout the company, with its recently acquired Nokia Devices and Services business being the most affected one. Now, as part of this, The Guardian reports that Nokia's MixRadio...

New York business attorney Marco Santori deconstructs the details of the proposed BitLicense.

About 80 New York women met Thursday at SecondMarket HQ for a panel, "Bitcoin: The Future of Money".

Hass McCook evaluates the sustainability of the bitcoin network against the costs of gold, fiat and the banking system.

If you fancy nabbing new tech by leveraging your Bitcoin wallet, another online retailer has just joined the fray. CEO Michael Dell alerted the masses via Twitter that his company would begin accepting the digital currency, claiming that the outfit...

 Indexeus.net looks like it could have been a Y Combinator project. With a slick design, snappy copy, and a bitcoin-based payment system, it looks unusually legit. But what the site is hiding is the produce of hundreds of hacking efforts from around the web. I’ve left out the link because it’s unclear if the site may deliver malware now or in the future. You can type it in if… Read More

Not to be outdone by the likes of Newegg, TigerDirect, and Overstock.com, Michael Dell took to twitter today to announce the acceptance of Bitcoin at Dell.com. Coinbase followed with a blogpost announcing their newest and largest partner to date. The Texas-based, privately-owned company dwarfs resellers such as the aforementioned companies with over 100,000 employees employed worldwide […]

The post Why Dell Just Became The Largest Ecommerce Business To Accept Bitcoin appeared first on CryptoCoinsNews.

Bitcoin is most often discussed as a volatile digital currency. But where Bitcoin's real value lies is as a payments technology that has the potential to revolutionize the legacy payments industry. 

Bitcoin offers merchant a low-cost payments system, and consumers a virtually frictionless payments experience. Value can easily be transferred around the world without transmitting sensitive information that could be used for fraud, and without forcing merchants to pay extortionate transaction fees.

But, while the emergence of Bitcoin brings with it numerous advantages, it also faces incredible hurdles.

In  a recent report from BI Intelligence, we explain how Bitcoin works, from the moment when local currency is exchanged for bitcoins, to the moment when it reaches the electronic wallet of a receiving party. We look at the key advantages of Bitcoin compared to the legacy players in the payments industry and examine the challenges that Bitcoin faces as a payment network. 

Access the Full Report By Signing Up For A Free Trial Today >>

Here are some of the key elements from the report: 

• Provides an easy-to-understand explanation of how Bitcoin works as a payments system, including the anatomy of a Bitcoin transaction and a description of the Bitcoin blockchain. 
• Along with a number of Bitcoin insiders which we interviewed for our report, we believe Bitcoin's greatest potential is as a global payments network.
• Unlike government-backed currencies, Bitcoin's elegant design places a strict limit on how many units can be created — 21 million. But each coin can be divided into 100 million pieces, which will allow it to scale as a payments technology.
• Bitcoin's daily average transaction volume stands at just $89 million compared to $16.5 billion for Visa and $9.8 billion for MasterCard. 
• In a nutshell, Bitcoin allows for the simple and secure transfer of value online, without intermediaries. There are many players in the Bitcoin ecosystem that help to make this happen, including Bitcoin exchanges, Bitcoin wallets, and miners.
• Third-party bitcoin payments processors already are stepping in to address flaws such as price volatility and the length of time that it takes the Bitcoin network to clear transactions, allowing merchants to instantly process bitcoin transactions and avoid exchange risk.
• Bitcoin faces other significant threats, though, including fraud and regulation. And right now, too much power is concentrated among a small group of miners, which opens Bitcoin up to further vulnerabilities.
• Despite the barriers, we believe the efficiency and low cost of Bitcoin in comparison to legacy payments tools — including credit cards, money transfer services, and letters of credit — will ultimately prove too tempting for merchants, individuals, and business-to-business applications to resist.

In full, the report:

• Examines the problems Bitcoin was created to solve and the elegant solutions it provides which have clear advantages over the current payments system. 
• Gives an insider's view of Bitcoin with exclusive interviews from Bitcoin Investment Trust Founder Barry Silbert and BitPay's Vice President of Marketing Stephanie Wargo.
• Explores the open questions surrounding Bitcoin pertaining to security, volatility, and regulation and provides potential answers to these questions. 
• Analyzes the players in the legacy payments system which Bitcoin has the potential to eliminate if it catches on as a transaction network. 

 For full access to all BI Intelligence reporting, analysis and daily briefs on the payments industry, sign up for a free trial.

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Computer giant Dell has become the largest e-commerce company to accept bitcoin, with nearly $60bn in annual sales.

An analysis of the CoinDesk Bitcoin ATM Map shows an evolving landscape for cryptocurrency teller machines.

State regulators trying to curb money laundering and safeguard investors on Thursday proposed a special set of rules for firms involved in trading and storing virtual currencies.

Bitcoin, a digital currency once described by critics as unusable, unreliable and even a scam, has defied those remarks as it becomes accepted by a company maintaining over 14 million subscribers and employing 34,000 workers. DISH executive vice president and chief operating officer, Bernie Han, said beginning in July the satellite TV company will accept digital coins through the payment processor, Coinbase. Coinbase is a bitcoin consumer wallet and merchant payment processor that powers 1.3 million consumer wallets, and supports 31,000 merchants. The payment processor, Coinbase, will convert bitcoins to cash using their “Instant Exchange” feature, in order to prevent DISH from being affected by value fluctuations. Coinbase was chosen as the payment processor due to their significantly lower operational […]

The post Cable TV Joins Digital Currency Network, DISH Network to Accept Bitcoin appeared first on Bitcoin Magazine.

The developer has revealed an open-source API that uses Apple's Touch ID sensor to secure bitcoin transactions.

Das einzige große Stigma, dass dem Bitcoin immernoch anhaftet, ist seine extreme Volatilität. Man stelle sich jedoch vor, man hätte ein Hilfsmittel, vergleichbar mit einer erstaunlich präzisen Bitcoin-Glaskugel. Zusätzlich eins, das keinerlei Auslagen erfordert um es zu nutzen. Nun, genau so etwas gibt es.

The post Bitcoin-Preisvorhersage-Tool: Erstaunlich präzise appeared first on CryptoCoinsNews.

Two polls from Bloomberg and YouGov have shed more light on the state of bitcoin and its public perception.

Superintendent of Financial Services for the State of New York, Ben Lawsky, posted a new proposal for regulating Bitcoin companies on Reddit yesterday, and the Bitcoin community as a whole has reacted in a rather negative manner. The new BitLicense regulations would add a large amount of new legal overhead to the Bitcoin related companies […]

The post Satoshi Nakamoto is a Criminal Under Proposed BitLicense Regulations appeared first on CryptoCoinsNews.

Desde los Servicios Financieros de Nueva York lanzan la propuesta de BitLicense, licencia requerida por compañías relacionadas con Bitcoin

The post BitLicense, marco legal para regular Bitcoin desde Nueva York appeared first on CryptoCoinsNews.

Mobile operators should prepare for the digital currency revolution if they want to remain competitive, a consultancy firm says.

PayFast, which processes payments for over 30,000 merchants, is teaming up with international exchange BitX to accept bitcoin.

L’entreprise canadienne Newnote Financial Corp. développe pour le compte de son client Anthem Vault Inc. la crypto-monnaie INNCoin (pour Independence Coin), une monnaie digitale reposant sur l’or. Dans un communiqué de presse transmis le 16 juin à CCN, l’entreprise basée à Vancouver au Canada spécialisée dans les logiciels et services relatifs à Bitcoin et aux […]

The post INNCoin: la crypto-monnaie reposant sur l’or appeared first on CryptoCoinsNews.

On Thursday, July 17, the New York State Department of Financial Services released a draft for their ‘Bitlicense’ Bitcoin regulation framework. This may be a huge step in government involvement in the Bitcoin industry, spearheaded by First Superintendent of Financial Services of New York State, Mr. Benjamin Lawsky. The NY Department of Financial Services has submitted […]

The post Bitcoin companies respond to New York State Bitcoin regulation, welcome feedback appeared first on CryptoCoinsNews.

Sensible policy is needed to legitimize bitcoin for banks and assist consumers and businesses, say Australian lawyers and groups.

What do industry stakeholders think about the proposed New York Department of Financial Services BitLicense?