Coin News

OKCoin has stopped accepting bitcoin deposits from customers in the US, citing regulatory pressure.

According to Vinny Lingham, CEO of digital card platform Gyft, when the company first integrated bitcoin payments they accounted for 90% of the company's sales. Although Paypal and credit card purchases made up the remaining 10%, Mr. Lingham has stated to CoinDesk that the field has shifted dramatically. Since the initial bitcoin integreation in 2013, Gyft has seen an incredible 80% drop of bitcoin's usage, leading to a complete reversal of purchasing trends - now Paypal and credit cards make up 90% of the payment methods, while bitcoin hangs on at 10%. Lingham remains steadfastly fascinated by bitcoin, as he […]

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Bitcoin price has been locked in a sideways course for the past week. We wait for a decisive move in one direction or the other to give more insight into the current price pattern. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis Time of analysis: 14h04 UTC Bitstamp 1-Week Chart From the analysis pages of xbt.social, earlier today: Slow price action for the past week and let's take a step back and look at the […]

The post Bitcoin Price Holding Steady appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Beam has announced it will no longer focus on using bitcoin in an attempt to disrupt the Ghanaian remittance market.

 What do you get when you put a Casares, a Popper, and a Lee on stage? Some Bitcoin madness, that’s what. Join us at Disrupt in San Francisco next month to talk to some of the biggest names in cryptocurrency – entrepreneur Wences Casares, New York Times writer Nathaniel Popper, and China’s bitcoin king, Bobbie Lee – about what’s next for BTC. These three folks are… Read More

A Goldman Sachs analyst has revealed insight into the global investment banking giant's developing thesis on bitcoin and blockchain technology.

 TCBTC, TechCrunch’s bitcoin podcast is back this week, on video, with a special guest, and no John Biggs. All that is fun, aside from the lack of Biggs. Jason Rowley, the person who actually got me into bitcoin originally was on hand, taking us through a meeting that he and I had with a member of the Chinese mining community about the future of bitcoin. All told, we had a fun time. If… Read More

This week, the Commonwealth Virtual Currencies Working Group made up of Australia, Barbados, Kenya, Nigeria, Singapore and Tonga, together with the International Monetary Fund and World Bank, concluded a three-day conference in London with a consensus: “Member states should consider the applicability of their existing legal frameworks to virtual currencies and where appropriate they should consider adapting them or enacting new legislation to regulate virtual currencies.” The group has come up with the consensus because it recognizes the benefits and the disruptive nature of bitcoin and other digital currencies in the financial sector. The conference was joined by experts from the banking sector, academia, virtual currency operators, users and law enforcement agencies, to discuss the unique applications and the risks […]

The post Commonwealth Virtual Currencies Working Group Issues Statement about Bitcoin’s Potential appeared first on Bitcoin Magazine.

Barclays is about to become the first mainstream bank to openly and directly support bitcoin transactions, The Sunday Times reports. The Daily Mail echoed the news for its huge readership. Barclays has been experimenting with Bitcoin and working with digital currency start-ups for some time.  Speaking at the Morgan Stanley European Financials Conference in London, Barclays’ CEO Antony Jenkins warned the “banking sector has not yet felt the ‘full disruptive force’ of technology – but it will.” He elaborated on the growing concern among financial institutions that faster, cheaper payment systems will start to seduce their consumer and business customers in the coming years. In June, Barclays signed a deal with Bitcoin company Safello to explore financial applications of the blockchain […]

The post Barclays to Begin Offering Bitcoin Payments for Customers, Beginning with Charities appeared first on Bitcoin Magazine.

Barclays is set to become the first UK bank to officially accept payments in Bitcoin, as reported in The Sunday Times. The multinational banking and financial services company announced recently that it is set to become the first bank in the United Kingdom to start accepting Bitcoin as a payment method. Barclays announced that they could start experimenting with Bitcoin as early as by the end of this year. Stating that Bitcoin has the potential to change financial services, Barclays revealed that it has entered into a partnership with an undisclosed Bitcoin exchange. They also revealed that they have been […]

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Bitcoin users in Canada can now buy and sell bitcoin using Coinbase, a move that brings the startup closer to launching in 30 countries by 2016.

CoinDesk profiles Whit Jackson, the 15-year-old developer working to make Ethereum easier for developers.

In a world where everything is going digital, how can the police keep up to speed with crimes being committed online?

Which companies are supporting BIP 100 or BIP 101? We've tracked down the answers.

A Virginia teenager sentenced to more than 11 years in jail for supporting terrorism used bitcoin to instruct aspiring jihadists how to mask terrorist funding activities. U.S. District Judge Claude M. Hilton of the Eastern District of Virginia sentenced Ali Shukri Amin, 17, of Manassas, Va. to 136 months in prison along with a lifetime of supervision for conspiring to support a terrorist group, Islamic State in Iraq and the Levant (ISIL), the U.S. Department of Justice announced. Amin, who pled guilty on June 11, 201, admitted to using Twitter to provide advice and encouragement to ISIL and its supporters, […]

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