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Dorian Nakamoto has taken steps towards suing Newsweek for their false report about him earlier this year. For those unfamiliar with one of the largest media gaffs of 2014, Newsweek author Leah McGrath Goodman wrote an article allegedly unmasking Dorian Nakamoto as Satoshi Nakamoto (the pseudonym of Bitcoin’s creator(s)). Newsweek stood by their “forensic reporting,” […]

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Imperial College London and pre-seed investment programme Entrepreneur First are bringing bitcoin technology to students.

Retailers worldwide increasingly see Bitcoin as just another payment method but governments are suspicious it is a rival to currency

Earlier today, Gyft revealed their own Gyft gift card on the Gyft network of over 200 retailers. Gyft accepts Bitcoin right alongside typical centralized payment processors such as PayPal, Google Wallet, VISA, Mastercard, etc. For over a year, Gyft has been “showing-by-doing” the efficacy of adding bitcoin acceptance to any business model. Without chargebacks and […]

The post Bitcoin Gift Card Company, Gyft, Releases Proprietary Card appeared first on CryptoCoinsNews.

Dorian Nakamoto is trying to strike back at Newsweek. The California man is attempting to sue the magazine after it published a cover story by Leah McGrath Goodman alleging that Nakamoto was actually the Satoshi Nakamoto, creator of bitcoin.

After the article appeared, Dorian denied being Satoshi (although that is his middle name), as well as any involvement in the creation of the online currency. Now he has created a legal defense fund to help his case. The URL is newsweeklied.com

Nakamoto is not trying to legally defend himself — contributions go toward his attempt to sue Newsweek for its article. According to the website, “Dorian's Legal Defense Fund is a separate effort, authorized and endorsed by Dorian, to raise money to hold Newsweek accountable for their article. A lawsuit against Newsweek will be very expensive.”

Donations to the fund can be made by credit or debit card, or in bitcoin.

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Bitcoin ATMs have become one of the symbols of cryptocurrency, with multiple competing manufacturers and hundreds of units deployed around the world. Despite their growing popularity, however, Bitcoin ATMs are still vastly outnumbered by traditional financial terminals. While more Bitcoin ATMs are undoubtedly on their way, one of the best ways to reduce this disparity is not by building new units, but by converting existing terminals to handle bitcoins. This is the route being taken by Bitcoin Romania, the operators of one of the world’s busiest Robocoin machines located in Bucharest. “It is our dream to see Bitcoin become a viable payment option in Romania, and to show the rest of the world that it can be done,” said George […]

The post 800 Terminals Across Romania Now Sell Bitcoins appeared first on Bitcoin Magazine.

In the 19th century, gold and silver coins were a common currency used as medium of exchange between individuals transacting directly between each other. Although paper money became a convenient way to carry and use as medium of exchange, gold and silver coins were given priority for their trust and safety. Equivalently, not all individuals trusted banks for storing their gold and silver. The combination of bank robberies and bank runs contributed in making individuals weary of storing all of their wealth at the same bank. Many rather preferred to implement a strategy of diversification by being the client of several banks and storing some of their wealth (gold and silver) themselves. You might be wondering why I’m bringing this […]

The post Speeding up Bitcoin Transactions appeared first on Bitcoin Magazine.

There’s a new digital monetary system in town

Governments all over the planet are scared shirtless of Bitcoin because it interferes with their ability to watch us from the cradle to the grave. But who said that they have the right to watch us in the first place? It’s time to flip the tortilla. The politicians and their hordes of bureaucrats are our […]

The post Bitcoin Governance 2.0: Let’s Block-Chain Them appeared first on CryptoCoinsNews.

In a special report published today, the International Monetary Funds warns policy makers to prepare for investment outflows – and possible “runs” – amidst increased risks of fund asset sell-offs induced by the ending of quantitative easing. The report anticipates market volatility and low liquidity in the shadow banking system, with concern for the emerging […]

The post Bitcoin and Market Turmoil: IMF Report Warns of Shocks and Volatility appeared first on CryptoCoinsNews.

The Bitcoin price has made an easy turn off the bottom of the advancing wave and is proceeding higher amidst optimistic trade today. An IMF special report, entitled the “Global Financial Stability Report”, was published today and warns of potential shocks and increased volatility in global markets. Links to Sections: IMF Warning: Low Liquidity and […]

The post Bitcoin Price Analysis and IMF Markets Warning appeared first on CryptoCoinsNews.

Bullish sentiments return in the week after the slaying of the BearWhale, as trading volumes rise to eight-month highs.

The Institute of International Finance held its annual membership meeting in Washington this past weekend, and banking elite from all over the world convened to discuss many topics.  The newest topic of discussion at this year’s meeting, one that had eluded them in previous years, was a threat to traditional banking embodied by Bitcoin and […]

The post Banking Elite Meet in Washington To Discuss Bitcoin Threat appeared first on CryptoCoinsNews.

Why we won’t be a part of the Bitnation Crowdsale. This is an article written by the three most senior members of the Bitnation team (save for the CEO). It’s written from the perspective of each of us individually. First, who am I? I’m the guy who got married on the block chain last weekend. I’m a true believer in the Bitnation concept. I’ve owned UnPassport.com and SovereigntyNow.com for years, even though I’ve never actually developed them. You might call me a zealot. Until recently I’ve been an advisor to Bitnation and trying to help to launch it, even though I’ve disagreed with the manner in which it was being handled.  I can no longer stand by and allow this […]

The post Why We Won’t Be a Part of the Bitnation Crowdsale (3 letters from the former Bitnation team) appeared first on Bitcoin Magazine.

Coins.ph has built a mobile bitcoin wallet app with an eye on emerging market use cases, particularly Philippines remittances.

It seems one of the long awaited “killer apps” of Bitcoin is almost here. A new video on YouTube shows off a Bitcoin Wi-Fi hotspot that can receive Bitcoin payments. This means that anyone with a connection to the Internet could soon be able to share their connection with complete strangers in exchange for bitcoins. […]

The post Bitcoin Wi-Fi System Enables Payments for Sharing Internet appeared first on CryptoCoinsNews.

Sears’ Kmart has experienced a data breach that has affected potentially 1200 stores nationwide. The mainstream media often paints the fledgling Bitcoin industry as a hotbed of companies that lack the proper regulatory oversight to protect consumers and users from hacks. However, many of the hacks occurring in the world right now, particularly those that rely […]

The post Sears’ Kmart Loses Customer Card Information in Data Breach appeared first on CryptoCoinsNews.

Prized author and Oxford Alumni Matt Ridley is an entrepreneur whose thoughts and opinions have reached millions across the world in over 30 different languages. His recent book “The Rational Optimist: How prosperity evolves” argues: “The secret of human prosperity is that everybody is working for everybody else.” For one hundred thousand years specialization and […]

The post TED Lecturer Matt Ridley Blogs On Bitcoin Founder and Future appeared first on CryptoCoinsNews.