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PRESS RELEASE – 11/20/14 Albany, New York - Ronald McDonald House Charities of the Capital Region is making history by heading down technology lane and becoming the first local charity in Upstate New York to accept Bitcoin donations. They will partner with Bitcoin processing giant BitPay to handle their transactions, and the NY Bitcoin Group will help them get started. “We are very excited to have our local Ronald McDonald House be the first chapter in the United States to start accepting a digital currency for donations. Bitcoin gives us the ability to send a nickel, a dime, or any other denomination, without the charity getting charged a fee, as they would using with other payment networks,” said Paul Paterakis, […]

As Black Friday and Bitcoin Black Friday get closer, shoppers around the world can’t wait to score amazing deals this holiday season. However, the holiday season isn’t just about spending, but also about giving back to the community. And now, starting this Friday, with the support of BitPay, consumers will be able to make bitcoin donations […]

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The second USMS auction of 50,000 BTC is attracting many of the same bidders, if less fanfare.

The mainstream and alternative media have invested thousands of man-hours into chronicling the violence, civil rights violations, and general chaos that has become Ferguson, MO. And the issues there have led to many protests nationwide as people look for justice. Alas, we may never find true justice and harmony, and many businesses burning in Ferguson […]

The post As #Ferguson Burns, their “Bitcoin Library” Remains appeared first on CryptoCoinsNews.

Riots in Ferguson, MO have closed many local businesses and schools. The local library has remained open, and has begun to accept bitcoin donations.

The American Red Cross has announced it will now accept bitcoin donations through BitPay ahead of the Thanksgiving holiday.

Amazon is jumping the gun this year by already starting their “Black Friday” sales five days early. Although Amazon does not accept bitcoin, using bitcoin for these purchases can drop an additional 10 to 25% off of some of the best prices on the Internet. If there ever was a time and place to spend your bitcoin – this might be it. As Amazon is the biggest on-line retailer, using your bitcoin for purchases might send the message that bitcoin is here to stay. Perhaps proof of this fact may finally drag them kicking and screaming into the future. New bitcoin broker and escrow services allow you to spend your bitcoin in an effort to gain significant discount over the […]

Looking at charts showing the price of bitcoin over time is like looking at a child’s crude attempt to draw the world’s craziest roller-coaster. It has certainly been a wild ride for the brave few early adopters with the courage to hold a significant portion of their money in btc. Since its earliest days, predicting the price of bitcoin next week, let alone next month or year, has largely been a fool’s game. Whilst 10% plus swings in a day would be exceptional events for any other currency or asset, it’s virtually the norm in the cryptocurrency world, and much larger fluctuations have not exactly been uncommon. This tendency for the price to change radically in a short space of […]

Bitcoin has become a powerful tool for independent activist journalists. In the past, news writers and correspondents would compete for limited professional opportunities with large media networks. The message was highly centralized and filtered from the top. As technology has evolved, it has empowered mass coverage of anti-establishment opinions. The Internet has allowed anyone with a message to have a voice and Bitcoin has allowed anyone with a dream to fund it. As news coverage opportunities arise, indie media personalities can crowdfund an on-location trip with bitcoin and buy a plane ticket through CheapAir almost instantaneously. This removes the need for a large network to cover travel costs, which helps to create a de-centralized source for unfiltered news. Never before […]

If you are making a purchase using bitcoin in the Netherlands, you may soon be exempt from VAT. Dutch Bitcoin news website Coincourant.nl reported that Jacob Kamminga, the Dutch Minister of Finance. Speaking at the Free University of Amsterdam, or Vrije Universiteit Amsterdam during a debate, he indicated that the government may exempt bitcoin from […]

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Western Union has taken action against a bitcoin spoof of one of its ads, igniting a community backlash.

There has been recently news break about the introduction of biometrics authentication technologies into cryptocurrencies’, Bitcoin in particular, transactions and the way payments are clear. Other digital payments operators, direct competitors with cryptocurrencies like Apple Pay, embraced this innovation. But Bitcoin experts aren’t optimistic about the technology to be of widespread adoption by the community, […]

The post Biometrics and Bitcoin: 2, 3 or no. appeared first on CryptoCoinsNews.

A Bitcoin experiment at MIT tests what the hurdles are to adoption here, but Stanford business school professor Susan Athey says the real benefits will be to the unbanked.

Bitcoin exchange Kraken has been selected to aid in the investigation of missing Bitcoin following the heist at the Mt Gox exchange. Kraken will also be involved in the distribution of remaining assets to the creditors. This decision was arrived at after an extensive evaluation process where multiple companies were considered and vetted. Kraken stood […]

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Kraken has been selected to oversee the distribution of Mt Gox's remaining assets and investigate its missing bitcoins.

By Teppei Kasai

TOKYO (Reuters) - U.S. bitcoin exchange operator Payward Inc said on Wednesday it will work on retrieving some millions of dollars lost by Tokyo-based Mt. Gox, once the world's largest bitcoin exchange before it collapsed in bankruptcy this year.

Kraken, Payward's bitcoin exchange, will assist Mt. Gox's Tokyo-court appointed trustee Nobuaki Kobayashi with investigating where the missing bitcoins are, along with eventually redistributing any found to creditors as part of a liquidation.

The partnership between Payward and Mt. Gox was approved by the Tokyo district court on Wednesday. Kraken will not be paid for the arrangement but could win new clients as former account holders at Mt. Gox register to receive future distributions from the liquidation.

"We hope to revive bitcoin's reputation and create a healthy market for it, ultimately leading to profit for us," Ayako Miyaguchi, managing director of Kraken's Japanese operations,　told reporters.

Once handling 80 percent of the world's bitcoin trades, Mt. Gox filed for bankruptcy in February in Tokyo after it lost 750,000 of its users' bitcoins and 100,000 of its own. Mark Karpeles, the 28 year-old French CEO of Mt. Gox, blamed hackers for the loss.

The lost funds represented the equivalent of $480 million at the time of the bankruptcy filing. Mt. Gox also said $28 million were "missing" from its Japanese bank accounts.

Karpeles later said he had recovered 200,000 of the lost bitcoins.

The collapse of Mt. Gox was a setback for a five-year-old virtual currency that proponents see as a still-developing alternative to traditional money.

Kraken, a San Francisco-based bitcoin exchange, announced in October that it was launching trading between bitcoin and the yen, saying it was the only major exchange to offer a dedicated bitcoin/yen order book.

(Writing by Edwina Gibbs)

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Today, the first Bitcoin ATM in Virginia launched. The ATM is owned by BlockBox, a company which provides Bitcoin services. According to Coin ATM Radar, the ATM converts fiat to bitcoin, with a 4% fee. The ATM is in Sterling Mower, a mower company, located at 22005 Shaw Rd, Sterling, VA 20164. With this ATM, […]

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UK Shadow Minister for Innovation and Science, Chi Onwurah believes that digital currencies such as Bitcoin are a real opportunity for currency to be back in the hands of those who use it. Ms Onwurah who is also the Member of Parliament for Newcastle upon Tyne Central has been leading a Labour Party review that […]

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Cryptosigma is a forthcoming South East Asian bitcoin exchange and mobile wallet app that lets users automatically convert any bitcoins they receive to local currency to avoid price volatility. Cryptosigma Bitcoin Exchange Eliminates Price Volatility for South East Asian Users Bitcoin is changing the way people think about and interact with money. However, bitcoin is […]

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HolyTransaction, a universal cryptocurrency wallet, announced today that they are extending their support to the Mastercoin protocol and all of the Mastercoin’s smart properties. Mastercoin uses the Bitcoin blockchain to store records and data and allows users to create their own digital tokens and by that creating smart properties. Smart properties enable the online exchange […]

The post HolyTransaction Opens Its Doors to the World of Bitcoin 2.0 With Mastercoin Webwallet appeared first on CryptoCoinsNews.

HolyTransaction, a universal cryptocurrency wallet, announced today that they are extending their support to the Mastercoin protocol and all of the Mastercoin’s smart properties. Mastercoin uses the Bitcoin blockchain to store records and data and allows users to create their own digital tokens and by that creating smart properties. Smart properties enable the online exchange […]

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ImperiumCoin, the “X11-X13″ altcoin which solved its first block on September 16th, is having some serious problems. It appears that a recent upgrade has broken the coin somewhat irrevocably. This reporter discovered this, ironically, while looking into the coin at it on Bleutrade this morning. Someone involved with the project posted a link  in the chat […]

The post ImperiumCoin “Broken,” Mining Halted appeared first on CryptoCoinsNews.

Last week, BTCChina revealed JustPay, their rebrand of the Picasso web wallet which was originally released earlier this year. By linking directly with BTCChina’s voluminous exchange, JustPay becomes BTCChina’s merchant solution for Chinese merchants. Using JustPay, “merchants are guaranteed to receive the full price of the good or service purchased, in fiat (CNY, HKD, USD).”  Currently, […]

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