San Fransico based payment provider, Stripe has just announced that their users can choose to accept Bitcoin payments starting from January, 2015. Stripe had already launched beta testing of Bitcoin payments back in March, 2014. Stripe allows online businesses to receive credit card payments through the internet. The company supports payments throughout more than 14 …
Stripe’s Bitcoin Processing To Go Live In January Read More »
A few days ago, New York State’s superintendent of financial services, Ben Lawsky, announced DFS’s revised outline of the Bitlicense framework for regulating digital currencies. The updated Bitlicense will be posted on FDS’s official website for a new 30 day round of public comments soon. Lawsky outlined a few changes made to the previous license version …
This Tuesday, Time Inc became the first magazine publisher to accept Bitcoin as a payment method for subscriptions to four of its most popular magazine titles; Health, This is Old House and Travel, Leisure and Fortune. Time Inc. has stepped into the world of cryptocurrencies, a few days after Microsoft’s announcement of acceptance. The magazine …
For those who’re either new to mining, or have been living under a rock for the past 2 years, Kansas based Butterfly Labs are renown for their unethical business practices; From delivering unsatisfactory hardware that didn’t ship in a timely matter om hardware too obsolete for miners to make back their moneyr. This all came to a …
Hurray to all Bitcoin users and operators. Well, at least for the ones in Australia at least. According to the ironically named ASIC (Australian Securities and Investments Commission), digital currencies such as Bitcoin are not a financial instrument which means users and operators to no need licenses to use or store said Bitcoins. At least …
No Licenses Required For Bitcoin Exchanges In Australia Read More »
Microsoft has sent waves through the bitcoin world by accepting the currency on its Xbox sites and other content portals. Eagle-eyed users on Reddit noticed this sudden change in the last 24 hours. The bitcoin payment option has not yet been formally announced. For digital products, bitcoin is now a valid payment method on many …
A hacker that stole hundreds of bitcoins from Blockchain.info has returned returned them to the site after they identified a vulnerability on the site. The mystery hacker, who uses the alias “johoe” on Bitcointalk, could have retained the bitcoins, worth around $90,000. Instead, he or she chose to send them back to their rightful owners …
The Bitcoin Investment Trust has successfully bid for 48,000 bitcoins that were auctioned last week. The coins were originally part of a huge stash of bitcoins owned by Silk Road, the defunct dark web marketplace. They had been placed up for auction after it was shut down and its assets were seized. Silk Road’s founder, …
Bitcoin Investment Trust Wins 48,000 Auctioned Bitcoins Read More »
Troubled mining hardware supplier Hashfast has faced another tumultuous week. It has been slowly slipping further and further into crisis after it took orders for mining equipment that it could not fulfil. Hashfast has wound up unable to supply its customers and facing court action from its creditors. Simon Barber announced Chapter 11 bankruptcy proceedings …
Following the Bitcoin Foundation’s recent announcement that they’d be returning to their roots, focusing solely on Bitcoin Core development which included the hiring of new developers, they have announced the hiring of Sergio Lerner as their new core security auditor [blockquote]As Core Security Auditor, Sergio will be dedicated to the ongoing security review of changes to …
Edited: 21:15 GMT to reflect the news that Tim Draper has won 2000 BTC has now been confirmed The U.S. Marshals Service has completed the second auction of bitcoin seized from Ross Ulbricht, the alleged owner of the original Silk Road. Announcements from winners are still thin on the ground, however following an unconfirmed announcement from …
This week the New York State Department Of Financial Services (NYDFS) published the comments they received regarding the BitLicense proposal on the department’s website. The revelation was made by Ben Lawsky, the superintendent, via his Twitter’s account. 3,746 comments have been received from both individuals and corporations. All 3,746 public comments DFS received on Bitlicense …
Bitcoin is unlike any currency, with no central figure as well as having digital scarcity. Its distribution model is unique as well, with the majority of Bitcoins entering circulation in the first couple of years, with the last Bitcoins not being mined until around the year 2110 – 2140. This distribution model, more commonly known …
Bitcoin Mining Difficulty Drops For The First Time In 2 Years Read More »