Coin News

While Ross Ulbricht was found guilty for creating and running the online black market known as Silk Road, it seems that a couple of Federal agents assigned to the case weren't so innocent either. The US Justice Department has just charged two former ...

FOR IMMEDIATE RELEASE Bitcoin Consumer Fair to be Held in Atlanta Atlanta, GA (March 19, 2015) – The Loudermilk Conference Center in Atlanta is slated to host the 2015 Bitcoin Consumer Fair on the 18th of April. The event is geared toward both consumers and merchants who are interested in expanding the use of Bitcoin in the Atlanta area, as well as those interested in working on the business and technology side of Bitcoin. Bitcoin is a form of digital currency which employs encryption techniques to regulate generation of currency units and verify transfer of funds. Bitcoin is not associated with and operates independently from any central bank. “You can put a bank in your pocket. That’s pretty amazing,” said […]

The post Bitcoin Consumer Fair to be Held in Atlanta appeared first on Bitcoin Magazine.

Starting tomorrow, potential users will be able to start buying Factoids, the currency that powers Factom, from Koinify. Factom is described as “a data layer for the blockchain” that will help businesses manage their data. To gain access to that Factom network, though, requires Factoids. And starting tomorrow, these new coins will be available for sale. However, they will not be dispersed until May 15th. This is where ShapeShift comes into play. What ShapeShift allows is for users to instantly convert from one cryptocurrency to the other. A user could trade their bitcoin and instantly be given litecoin; they could go from dogecoin to Ripple. This ease of transferring from one currency to the other is what has allowed this […]

The post ShapeShift & Factom Partner for Release of Factoids appeared first on Bitcoin Magazine.

Starting tomorrow, potential users will be able to start buying Factoids, the currency that powers Factom, from Koinify. Factom is described as “a data layer for the blockchain” that will help businesses manage their data. To gain access to that Factom network, though, requires Factoids. And starting tomorrow, these new coins will be available for sale. However, they will not be dispersed until May 15th. This is where ShapeShift comes into play. What ShapeShift allows is for users to instantly convert from one cryptocurrency to the other. A user could trade their bitcoin and instantly be given litecoin; they could go from dogecoin to Ripple. This ease of transferring from one currency to the other is what has allowed this […]

The post ShapeShift & Factom Partner for Release of Factoids appeared first on Bitcoin Magazine.

Starting tomorrow, potential users will be able to start buying Factoids, the currency that powers Factom, from Koinify. Factom is described as “a data layer for the blockchain” that will help businesses manage their data. To gain access to that Factom network, though, requires Factoids. And starting tomorrow, these new coins will be available for sale. However, they will not be dispersed until May 15th. This is where ShapeShift comes into play. What ShapeShift allows is for users to instantly convert from one cryptocurrency to the other. A user could trade their bitcoin and instantly be given litecoin; they could go from dogecoin to Ripple. This ease of transferring from one currency to the other is what has allowed this […]

The post ShapeShift & Factom Partner for Release of Factoids appeared first on Bitcoin Magazine.

Starting tomorrow, potential users will be able to start buying Factoids, the currency that powers Factom, from Koinify. Factom is described as “a data layer for the blockchain” that will help businesses manage their data. To gain access to that Factom network, though, requires Factoids. And starting tomorrow, these new coins will be available for sale. However, they will not be dispersed until May 15th. This is where ShapeShift comes into play. What ShapeShift allows is for users to instantly convert from one cryptocurrency to the other. A user could trade their bitcoin and instantly be given litecoin; they could go from dogecoin to Ripple. This ease of transferring from one currency to the other is what has allowed this […]

The post ShapeShift & Factom Partner for Release of Factoids appeared first on Bitcoin Magazine.

In a new report, the Australian government has cited bitcoin as a potential threat to tax collection.

Bitcoin value (price) is back above $240 (Bitfinex) / 1525 CNY (BTC-China) and completing what looks to be an ending diagonal in the 5-minute chart. Our expectation for a resumption of decline is now stretched to its outer limit and xbt.social analyzes the chart for options. This analysis is provided by xbt.social with a 3 […]

The post Bitcoin Value Nearing A Turning Point appeared first on CryptoCoinsNews.

According to the New York Times, a Secret Service agent and a former member of the DEA will be indicted on charges of stealing bitcoins during the course of the Silk Road investigation. Silk Road criminal investigation leads to Bitcoin theft Working undercover, former agents Carl Mark Force IV, who worked for the Drug Enforcement […]

The post DEA and Secret Service Agents Steal Bitcoin from Silk Road appeared first on CryptoCoinsNews.

Two undercover agents who contributed to the US government's efforts to take down Silk Road are expected to be arrested on Monday.

The New York Times is reporting that two former Federal agents, who both worked on the Silk Road case, are going to be charged with Bitcoin money laundering.

"The former agents are Carl Mark Force IV, who worked for the Drug Enforcement Administration, and Shaun Bridges, who worked for the Secret Service," the report said. 

Force and Bridges worked undercover investigating Silk Road, an Internet black market. 

We'll have more in a moment. 

Join the conversation about this story »

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The Financial Action Task Force (FATF) has taken note of the issues hindering partnerships between bitcoin businesses and banks.

The Wall Street Journal reports that Wall Street is exploring innovative applications of digital currencies to mainstream banking and financial issues. The recent wave of Wall Street interest in Bitcoin technology is inspired by a growing appreciation of the inevitability of radical changes in the financial industry, which is long overdue for the kind of Internet-driven cost savings that have affected other industries. The emphasis is on efficiency and cost-effectiveness: Bitcoin technology could slash costs, cut settlement times and reduce default risks. The Journal mentions several recent digital fintech news items, including investment opportunities, announcements, acquisitions and appointments of high-profile financial professionals, reported by Bitcoin Magazine in the last few weeks. “It’s an opportunity for Wall Street to streamline some […]

The post Barclays CEO: The Banking Sector Has Not Yet Felt the Full Disruptive Force of Technology, but It Will appeared first on Bitcoin Magazine.

Editor’s Note: In interest of full disclosure, CoinDesk is a competitor of Bitcoin Magazine. This article is a guest submission by Tom Hashemi, an experienced professional who has conducted market research for Shell, PayPal, Toyota, KPMG, and the Digital Currency Council. The same observations he makes about CoinDesk’s representation of the entire Bitcoin community apply equally to Bitcoin Magazine. “Making assumptions simply means believing things are a certain way with little or no evidence that shows you are correct, and you can see at once how this can lead to terrible trouble.” – Lemony Snicket CoinDesk, one of the premier outlets for news and analysis on digital currencies, has made a request of its readers. Fill in this survey, they asked, and […]

The post CoinDesk’s Assumptions About the Bitcoin Community appeared first on Bitcoin Magazine.

Bitcoin entrepreneur Charlie Shrem begins his stint in prison today, having been sentenced in December to two years behind bars.

Barbados-based startup Bitt is launching a digital currency exchange today, having secured $1.5 million in seed funding from Avatar Capital

A multi-level marketing (MLM) company promoting cryptocurrency called Wealth Builders Network & Educational Services Inc. (WBNES), based out of San Diego, CA, has launched an April 1, 2015 release date, joining a host of other MLM companies that CCN reported on. MLM companies, while they have both supporters and detractors, can be seen as a […]

The post MLM Company Promoting Bitcoin Sets April Release appeared first on CryptoCoinsNews.

One of the biggest misconceptions is Bitcoin is somehow not secure. Critics will point out that exchange failures are some inherent weaknesses in Bitcoin, and that it cannot be trusted as currency. Advocates point out that Bitcoin theft is very low when people manage their own Bitcoins, as creator Satoshi Nakamoto intended. Now, a true innovation […]

The post Bitcoins in Space: BitSat to Protect Bitcoin’s Future in Orbit appeared first on CryptoCoinsNews.