Bitcoin

  • GHash Looks To Quell Bitcoin Market Worries In Wake Of “51%” Scare

    GHash Looks To Quell Bitcoin Market Worries In Wake Of “51%” Scare

    The bitcoin community was rattled recently when it became known that GHash, a mining pool, had crossed the 51 percent mark, indicating that it was powering more than half of the computing heft that undergirds the cryptocurrency’s foundation. At issue is the general consensus that any party that controls 51 percent or more of that computational power can do unkind things with bitcoin at… Read More

  • Apple Starts Letting Bitcoin Transfer Apps Back Into Its App Store

    Apple Starts Letting Bitcoin Transfer Apps Back Into Its App Store

    Apple’s Bitcoin freeze appears to be thawing fast, with bitcoin wallet apps that offer the ability to transfer BTC now filtering back into the App Store. The move was picked up by Coindesk yesterday which noted that the Coin Pocket BTC wallet app was back in the store. The Coin Pocket app allows users to send and receive bitcoin from an iOS device, as well as offering an in-app QR… Read More

  • ‘51%’ Fears Rattle The Bitcoin Community

    ‘51%’ Fears Rattle The Bitcoin Community

    In January, there was worry in the bitcoin community regarding GHash, a mining pool. It controlled a rising share of the total bitcoin computational power used to mine the cryptocurrency — it’s share was creeping towards the 50% mark. Here’s a sample of what was written in January, when GHash was at a still-distant 42%: “[That percentage puts] uncomfortably close to… Read More

  • Bitcoin’s Price And The Public Interest

    Bitcoin’s Price And The Public Interest

    When bitcoin’s price skyrockets, the printing presses kick into high gear. And when Bitcoin collapses, a new crop of stories go out. Something interesting is happening at the moment, however, as we have recently seen a decoupling of bitcoin’s price and the public interest. In short, bitcoin’s recent rally hasn’t been matched with rising consumer interest in the currency. Read More

  • Boom Goes The Bitcoin

    Boom Goes The Bitcoin

    Dropped, as Yoda would say, the other shoe has. U.S. Marshals are now selling off 29,656.51306529 BTC, about $18 million in bitcoin at today’s $600 price. The sale announcement drove prices down for a brief period overnight moving the needle down from $620 to $608. Read More

  • Outsource Your Bitcoin Mining To HashPlex, Which Just Raised A Seed Round

    Outsource Your Bitcoin Mining To HashPlex, Which Just Raised A Seed Round

    Are too many Bitcoin mining rigs making your office or home unspeakably hot or noisy? You can just outsource it to someone else. Or at least that’s the premise behind HashPlex, a cryptocurrency-miner hosting company that just raised $400,000 from investors including SecondMarket co-founder Barry Silbert’s Bitcoin Opportunity Corp. and Facebook engineer Jason Prado. Read More

  • CoinVox Brings Bitcoin Donations To Politicians

    CoinVox Brings Bitcoin Donations To Politicians

    Sending a bitcoin isn’t that hard – if you know what you’re doing. But since the Federal Election Commission OKed the use of bitcoin by political action committees, things have gotten a little hairy. CoinVox, a service created by Christopher David, is looking to smooth the path from your bitcoin wallet to your favorite politician’s war chest. The service is fairly… Read More

  • Expedia Now Accepts Bitcoin For Your Crypto-Vacations

    Expedia Now Accepts Bitcoin For Your Crypto-Vacations

    Another day, another company accepting bitcoin in an attempt to cash in on the craze. This time it’s Expedia the travel booking site that’s accepting the virtual currency for hotel bookings. They’re working directly with Coinbase to accept and then convert the BTC into dollars as soon as they hit the travel agent’s coffers. Read More

  • BTCJam Brings Its Bitcoin-Based Lending Service To Emerging Markets

    BTCJam Brings Its Bitcoin-Based Lending Service To Emerging Markets

    Celso Cardoso Pitta Jr., the founder of the bitcoin-based peer-to-peer lending service BTCJam, has spent over a decade thinking about how to make it easier for borrowers to get loans in emerging markets. What emerged was San Francisco-based BTCJam, a startup that aims to connect wealthy lenders with borrowers in places like Brazil. It’s one of the first companies to apply… Read More

  • You Can Buy 50 Cent’s New Album With Bitcoin

    You Can Buy 50 Cent’s New Album With Bitcoin

    50 Cent’s new album isn’t doing too well critically, but commercially the rapper is trying to take all comers and is even accepting bitcoin as payment for the record. Read More

  • Bitcoin Entrepreneur Pays $51K To Settle With The SEC After Selling Shares Illegally

    Bitcoin Entrepreneur Pays $51K To Settle With The SEC After Selling Shares Illegally

    If you’re going to sell shares in your business and are soliciting for funds publicly, there are rules you have to follow. And Erik Voorhees recently found out there are rules to follow even if you’re selling shares for bitcoin. Today the U.S. Securities and Exchange Commission (SEC) announced that after raising $15,843.98 for his ventures SatoshiDICE and FeedZeBirds, Voorhees will… Read More

  • Apple Gets More Explicit About Bitcoin Apps

    Apple Gets More Explicit About Bitcoin Apps

    Late last year, a series of app removals hit bitcoin wallets, causing folks in the industry to panic over Apple’s stance on the “virtual currency.” When that happened, I wrote a piece about exactly how Apple felt about bitcoin, as the company wasn’t talking publicly. Read More

  • Bitcoin Crosses The $600 Mark As Its Rally Endures

    Bitcoin Crosses The $600 Mark As Its Rally Endures

    After a flat period, bitcoin is back, rallying through the $600 level today. The cryptocurrency, which had zipped north of $1,000 in late 2013, fell under the $400 mark this year on lessened media interest and the implosion of Mt.Gox, an exchange, among other issues. Even at the $600 mark, bitcoin is down nearly 50 percent from its 52-week high. Coinbase has the current price at $613… Read More

  • Beijing Says “Ni Hao” To Bitcoin ATMs While Dish Teams Up With Coinbase

    Beijing Says “Ni Hao” To Bitcoin ATMs While Dish Teams Up With Coinbase

    Robocoin, makers of a bitcoin ATM, have announced the availability of the first BTC ATM in Beijing. Based at the 798 Art Zone, an old factory in Beijing’s Chaoyang District, the ATM can be accessed by members only and, in order to avoid the ire of Chinese authorities, is being billed as a system for the trading of virtual goods. The CEO of Robocoin Asia, Yao Lee and founder of the… Read More

  • How To Mine Bitcoins With The HexFury ASIC USB Miner

    How To Mine Bitcoins With The HexFury ASIC USB Miner

    At this point, unless you steal power from the electrical grid in some weird squat or you have your own hydroelectric plant, home bitcoin mining is a sucker’s game. Sure you can make a little and you definitely help out the bitcoin network by processing the hashes that make up bitcoin transactions, but plugging in your own hardware usually means huge electricity bills and a trickle of BTC… Read More

  • Bitcoin Rallies As Allegations Of Trading Irregularities Swirl

    Bitcoin Rallies As Allegations Of Trading Irregularities Swirl

    It’s been a torrid few days for bitcoin, the now globally known cryptocurrency. A price rally kicked off that has, over the past week, pushed the value of bitcoin up by around 25 percent. Trading near the $580 mark, bitcoin is still down around 50 percent from its record, late-2013 highs, but the life that it’s showing could once again bolster consumer interest in the stuff. Read More

  • Lighthouse Is A Crowdfunding Platform Built On Top Of Bitcoin

    Lighthouse Is A Crowdfunding Platform Built On Top Of Bitcoin

    Meet Lighthouse, a bitcoin-powered app to create and manage your own crowdfunding campaign on your computer. Bitcoin core developer Mike Hearn showcased the app at the Bitcoin 2014 conference in Amsterdam. And Lighthouse is a great example of how you can develop a complicated transaction framework on top of the bitcoin protocol. Hearn’s tagline about his own app speaks for itself… Read More

  • May 22 Is Bitcoin Pizza Day

    May 22 Is Bitcoin Pizza Day

    Four years ago this week, on May 22, 2010, a BTC fan and programmer named Laszlo Hanyecz offered 10,000 Bitcoins – about $40 at that time – for two Papa John’s pizzas (pictured above). He wrote: I’ll pay 10,000 bitcoins for a couple of pizzas.. like maybe 2 large ones so I have some left over for the next day. I like having left over pizza to nibble on later. You can… Read More

  • Western Union And eBay Try To Horn In On Bitcoin With New Patents

    Western Union And eBay Try To Horn In On Bitcoin With New Patents

    Two weeks ago, Western Union received a patent for “Alternative value exchange systems and methods,” which, in short, is a way for the company to use and accept “alternative currencies.” At the time of filing, back in 2009, these currencies included barter systems like Bartercard and virtual gold and dollars from various online sources, including Second Life and World… Read More

  • SEC Publishes Laundry List Of Bitcoin Risks, Cites Governmental Regulation As A Potential Headache

    SEC Publishes Laundry List Of Bitcoin Risks, Cites Governmental Regulation As A Potential Headache

    The U.S. Securities and Exchange Commission (SEC) doesn’t appear to be bitcoin’s biggest fan. Today, the government agency published a long list of potential risks that bitcoin presents, and it’s quite the document. After saying that bitcoin is “used like money,” the SEC goes on to point out that the IRS “recently issued guidance stating that it will… Read More