Coin News

A special agent with the US Secret Service spoke out against bitcoin this week, arguing its primary use case is in illicit transactions.

Lawnmower has opened its spare change-to-bitcoin service in beta, in what it hopes will be a product that successfully entices novice investors.

The 30-day period for public comments on the latest draft of New York’s BitLicense proposal comes to a close today, March 27th. While the original comment period did result in tremendous developments to the proposal, many in the bitcoin intustry felt that there were still many onerous components that inhibit the development of new companies. Fred Wilson, founding partner at Union Square Ventures, said on his blog that startups should have to follow all the rules and laws of the land. “However, the arrival of new technologies should always be seen as an opportunity to review and update our laws and regulations in accordance with the benefits and challenges brought by these new technologies.” http://avc.com/2015/03/comments-on-the-proposed-bitlicense-regulations/ But Wilson argued that the revision […]

The post BitLicense Comment Period Closes; Fred Wilson, Coinbase, Coin Center Weigh In appeared first on Bitcoin Magazine.

Note: the following is an opinion piece.  Josh Garza, the embattled CEO of GAW Miners and the man that many in the Bitcoin space believe to be the most successful con artist since Charles Ponzi himself, has decided to deploy his cult-like following in a campaign of harassment. This was brought our attention by the […]

The post Josh Garza Releases A Hit List of Media Outlets appeared first on CryptoCoinsNews.

This week media coverage galvanized around positive stories reflecting the increasing interest of Wall Street in bitcoin technology.

Bitcoin value (price) is still holding above a rising channel line as the moving averages slowly converge around it. Price has fallen back from a local high yesterday and is setting up for a move. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Not a member? Join […]

The post Bitcoin Value Holds Near The Lows appeared first on CryptoCoinsNews.

Bitcoin airtime merchant, Bitrefill, has partnered with New York-based Bitcoin exchange Celery to enable bitcoin remittances of phone minutes to more than 100 countries – without the sender ever having to touch the digital currency. “The integration uses all of the benefits of Bitcoin but hides the complexities from the user, just uses Bitcoin as settlement rails,” said Celery CEO IIya Subkhankulov. The process does not require a user to buy bitcoin or handle the digital currency. Airtime purchases made from Celery’s exchange take the money straight from the person’s bank account, similar to the process of buying bitcoin. In addition, Bitrefill is eliminating fees for airtime remittances to India. The U.S.-India corridor contributes largely to the $70 billion worth […]

The post Bitrefill and Celery Make Bitcoin Remittances Easy: A Conversation With CEO Sergej Kotliar appeared first on Bitcoin Magazine.

Israel is to stop withholding tax revenues collected on behalf of the Palestinian Authority, a move that has crippled the Palestinian economy.

A few weeks ago Bitcoin Magazine reported that the Bitcoin Investment Trust (BIT) was about to become the first publicly traded Bitcoin fund. On Thursday, the BIT received formal approval for listing on the OTC Markets Group’s OTCQX exchange. The fund is listed with the symbol GBTC, and trading is expected to begin early next week. Barry Silbert announced on Twitter that the BIT fund is live and waiting for eligible shareholders to deposit their shares and sell. The BIT is the first product from Silbert’s new Grayscale Investments, a digital-asset management firm being launched concurrently by his Digital Currency Group. The Wall Street Journal notes that the BIT is the latest addition to the growing number of bitcoin trading […]

The post The Bitcoin Investment Trust (BIT) Goes Live with Ticker GBTC appeared first on Bitcoin Magazine.

Tim Swanson, one of the preeminent talking heads on Bitcoin, appeared on the deBitcoin video podcast recently and talked about mining among other things. He pointed out that only irrational people will try to solo mine anymore: “It’s rational to pool, because it lowers the risk, lowers the variance. That’s something that won’t be removed […]

The post Are Bitcoiners Their Own Worst Enemy? appeared first on CryptoCoinsNews.

As cryptocurrencies grow in popularity, they will continue to threaten revenue streams of the traditional banking system, according to a new report from the British Banking Association (BBA). A section of The Digital Disruption: UK Banking Report looks specifically at cryptocurrencies and the impact they have already had, and will continue to have, on people's […]

After showing how to "pollute" the Bitcoin blockchain with potentially malicious material, Interpol says the community should act. It's becoming increasingly apparent the blockchain, the public ledger for all Bitcoin transactions, could be abused for irremovable malware communications infrastructure, or a way to host links to child abuse images in perpetuity.

Bitcoin-to-cash service Bit2Me has cancelled its commission fees in a bid to remain competitive in the Spanish market.

The Internet has, since its inception, been a boon for firms which offer digital services like web and graphic design, but often in the midst of a larger goal, producers only need some small part of a project completed by those with expert hands. Hiring out such work to large firms can be costly, and […]

The post Outsource With Bitcoin Using BitLancerr appeared first on CryptoCoinsNews.

Consumers aren’t clamoring to see digital currency exchange as a feature in ATMs. No surprise there. But did you know the percentage of consumers who hope to see this capability is in double digits? The newly-released “ATM Future Trends 2015,” a tri-annual report by ATM Marketplace, an ATM industry organization, offers insights about consumer interest […]

The post Consumers Warming To Bitcoin ATMs appeared first on CryptoCoinsNews.

Libra, provider of Bitcoin tax accounting service LibraTax, has released two new services to help businesses and CPAs account for digital currency transactions in 2014. The IRS gave guidance that virtual currency is classified as a capital asset and taxable as property rather than currency in 2014. The services – Libra Business and Libra Pro, […]

The post LibraTax Expands Bitcoin Tax Service appeared first on CryptoCoinsNews.

“You want to be the pebble in the pond that creates the ripple for change”