Coin News

US retail giant Overstock has invested in blockchain technology specialist Peernova as part of its Series A financing.

DEA Agent Carl Force, who is presently charged with stealing bitcoins from Ross Ulbricht during his investigation of the Silk Road, also attempted to work for Mt. Gox during 2013. According to e-mail screenshots published by Mark Karpeles, the agent first made contact via LinkedIn. When Karpeles responded to Force’s statement that he “loves the Bitcoin,” […]

The post Agent Force Tried to Work With Bitcoin Exchange Mt. Gox Before Collapse appeared first on CryptoCoinsNews.

In a revealing 2014 interview, DEA agent Carl Force discussed his interests in bitcoin as a part-time public accountant.

Bitcoin price entered an unimpressive decline today after days of setting up the move. It may be a slow start or we may be seeing price bottom out near 1500 CNY and $240. At the time of writing price is resolving a correction near 1510 CNY and $244 from where it should make the next […]

The post Bitcoin Price Decline To Support appeared first on CryptoCoinsNews.

Bitcoin companies who are part of this year’s Innotribe Startup challenge, a contest run by the international payment network SWIFT, have the opportunity to partner with and be mentored by some of the world’s most prestigious financial institutions. “What really sets the Innotribe program apart is the coaching we give the startups in how to engage the more established financial services providers,” said Mike Sigal, Innotribe’s lead coach. “There’s a chasm between how startups and banks practice innovation, and helping our startups understand how to communicate their value propositions to SWIFT’s community helps banks quickly evaluate new technologies and models, and helps our startups identify appropriate partners and investors.” Since its inception in 2014, the Innotribe Startup challenge has provided […]

The post Many Bitcoin Companies Compete In Semi-Finals of the SWIFT Innotribe Startup Challenge appeared first on Bitcoin Magazine.

This is a guest post from Digital Currency Council Member Marty Zigman. Recently, I gave a webcast presentation to AICPA members to help accounting professionals understand Bitcoin and how to treat it on the general ledger. If you are an AICPA member, the webcast is available for your viewing. In this article, the key points from that presentation are outlined and will help accountants fundamentally understand and approach business based Bitcoin transactions. Bitcoin and General Ledger Treatment There are three key processes that ultimately produce different accounting practices and general ledger treatment when Bitcoin is involved. These three processes coincide with Bitcoin’s adoption phases as follows: Payment Method Foreign Currency Base Currency   Bitcoin as a type of “Payment Method” […]

The post Three Methods for Simple Bitcoin Business Accounting appeared first on Bitcoin Magazine.

The Sidekik app, which is accepting bitcoin in its crowdfunding campaign, is intended to bring real-time accountability to law enforcement by streaming video and audio of encounters with police to Maidsafe. The goal is to protect the integrity of evidence. The app, which began its second stage of crowdfunding March 9, will do far more than just video and audio streaming. An army of attorneys is being built who will compete to be your representative if you happen to need them during an encounter with police. Sidekik seeks to connect attorneys with potential clients when they need legal representation the most. The Sidekik team says there is an inherent power imbalance between law enforcement and civilians during these encounters, as […]

The post Sidekik: Decentralized Video Streaming and Storage appeared first on Bitcoin Magazine.

Two computer savvy agents are charged with taking money during their investigation of accused Silk Road operator Ross Ulbricht.

All this week, decentral.tv will be airing segments from the first Decentralized Technology (DEC_TECH) event held at MaRS Discovery District in Toronto, presented by Decentral. Held on March 17, 2015, the event drew a crowd of over 300 digital currency enthusiasts. Monday’s segment begins with opening remarks from host Anthony Di Iorio of Decentral and Adam Nanjee of MaRS. A series of presentations follows, beginning with Gerald Cotten, CEO of QuadrigaCX. QuadrigaCX is a Canadian exchange that recently became the first publicly traded bitcoin exchange in the world. Henry Chan, business technology analyst from Deloitte, then speaks about the value and the potential of the blockchain, followed by Mat Cybula of Cryptiv, who talks about how tipping can act as […]

The post DEC_TECH Toronto with Keynote Speaker Andreas Antonopoulos: This Week on Decentral.tv appeared first on Bitcoin Magazine.

The Silk Road case was compromised again and again as Force and Bridges took every opportunity to embezzle and steal money. With so much bitcoin on their hands, the two had to coax bitcoin and payments companies to help convert their ill-gotten gains. When companies resisted, investigations were launched, subpoenas were issued, and civil forfeitures were sought in retaliation.

Rakuten.com (formerly Buy.com), one of the oldest shopping sites on the web, has announced that it will begin accepting Bitcoin payments today using Bitnet. Rakuten.com is similar to Amazon in that it serves as a platform for multiple merchants, all of whom will be able to accept Bitcoin now thanks to the partnership with Bitnet. […]

The post Retail Giant Rakuten.com Now Accepting Bitcoin via Bitnet appeared first on CryptoCoinsNews.

Only 2.3% of Americans would trust bitcoin to send funds overseas in an emergency, according to a new survey by the Digital Currency Council. By contrast, the survey, which sampled 750 "regular Americans", found that 30.3% of respondents would trust their banks to make international transfers. 23% of the people surveyed said that they would use […]

The alleged front companies of two law enforcement officers accused of stealing hundreds of thousands in Bitcoin from Silk Road owner Ross Ulbricht and site members aren't the most convincing of businesses. It's been alleged they funnelled their vast proceeds obtained during the Silk Road investigation into these organisations.

This April, the city of Los Angeles will host the State of Digital Money conference. The conference which will take place on the 18th of April is designed to shape “a future vision” of digital currency, as seen by the leaders of the digital currency community. The conference will showcase technology and host discussions that […]

The post Bitcoin Event: State of Digital Money Conference to be Held in LA in April appeared first on CryptoCoinsNews.