• “As a payment processor company, we saw a lot of potential in bitcoin. Then we, as a company, started looking for a partner to work with in order to satisfy the inquires from customers and build that innovation we that needed in our market,” said Voguepay co-founder Geoffrey Weli Wosu. Last month, South African bitcoin exchange, IceCUBED, expanded their exchange to Nigeria, Africa’s largest economy. The company partnered with the country’s largest payment processor, VoguePay,

    VoguePay: Bitcoin Will Enable Online Commerce In Nigeria

    | 2015/02/12 9:00 pm
  • “Only mathematicians can “prove” things using pen and paper. The rest of us have to take our ideas pragmatically into the real world and see what works.” David Brin in The Transparent Society (1998) I don’t currently have a car, so when my VA appointments in Little Rock happen, I take the Disabled American Veterans van, which is a volunteer operated transportation service affiliated with the VA. One of the drivers in my town has

    On Reception and Publicity, The True Value of Bitcoin

    | 2015/02/12 3:00 pm
  • If you happen to be in Stockholm, Sweden this, you may want to check out this Bitcoin event. Bitcoin Fun Fair is described as a “fun tech show, but, above all, a warm and delightful way to spend a weekend in February.” All sorts activities and items will be available, all of which can of course be paid for with Bitcoin. Food, music, and fashion, are some of the highlights of the Bitcoin Fun Fair.

    Bitcoin Fun Fair: February 14-15 in Stockholm!

    | 2015/02/12 8:00 am
  • Started in Nairobi, Kenya a little more than year ago, Bitpesa’s mission was to bring cheaper and faster remittances powered by bitcoins to Africa. The company has continued to pursue their mission but has came to an important milestone, with the announcement that has raised $1.1m in a funding round led by Pantera Capital. Other investors included Crypto Currency Partners, Stephens Investment Management, and previous investors; the Bitcoin Opportunity Corporation and Future/Perfect Ventures. Pantera Capital’s

    Bitpesa Raises $1.1 million To Expand To New African Countries

    | 2015/02/11 9:00 pm
  • Bitcoin Shop is a company that is trying to improve four main aspects of Bitcoin: Ways to shop with Bitcoin- with Bitcoin Shop The way you store Bitcoins – with BTCS Wallet The way you mine – with BTCS Mining Ways to exchange Bitcoin – BTCS Atms Through strategic partnerships, investments, and purchases they are doing just that. I’m here with Charles Allen, the CEO over at BTCS. Charles has big ambitions and rather than

    BitcoinShop Interview: Universal Digital Currency Platform

    | 2015/02/11 3:00 pm
  • Lighthouse, a blockchain-based crowdfunding application, has gained traction since its launch on January 20th. Since it is built on top of the blockchain, Lighthouse is totally decentralized, eliminating the need for a centralized management system. Lighthouse allows anyone to crowdfund their project on the application, without any registration or fees, and all funds raised through the app are raised with bitcoins exclusively. The first project funded on Lightouse was Medic Mobile, a non-profit providing real-time information to

    Decentralized Crowdfunding App Lighthouse Is Getting Traction

    | 2015/02/11 8:00 am
  • Campus Party is an annual technology festival where thousands of “campuseros” (hackers, developers, gamers and geeks) equipped with laptops camp on-site and immerse themselves in a truly unique environment.

    IBM Offers Bitcoin at the Annual Campus Party

    | 2015/02/10 9:00 pm
  • On February 11th, DevCore Boston will be kicking off in District Hall, 75 Northern Avenue, Boston, Massachusetts . Sponsored by the Bitcoin Foundation, as well as several other prominent companies such as Circle and Blockchain.info, DevCore Boston will be a “series of developer roundtables aimed at building knowledge, widening understanding and deepening technical expertise to support the future development of Bitcoin Core”. I reached out to Sean Spence, the CEO over at EveryEventGives. The Bitcoin Foundation has partnered this

    Exclusive Interview: EveryEventGives CEO Sean Spence

    | 2015/02/10 8:00 am
  • On Wednesday, February 4, Ben Lawsky, the Superintendent of the New York Department of Financial Services (NYDFS), released the revised version of the infamous BitLicense. This piece of regulation will require all Bitcoin businesses in New York that deal with transmitting Bitcoin, and exchanging it for fiat, to obtain a license. Holding a license will require businesses to comply with several stipulations, the major ones being capital requirements, record keeping standards, an Anti Money Laundering

    BitLicense Revisions

    | 2015/02/09 9:00 pm
  • Here is Bitcoinist’s Bitcoin Market Wrap. It is been a relatively quiet week for Bitcoin, market-wise. Bitcoin has only fluctuated a couple percentage points every day, with usually a net difference of 1-3% daily. If we take a look at more traditional investments, 1-3% of the variation is a lot, but for Bitcoin in its current state, that is pretty stable. If we take a look at those same “traditional investments” they are down as well.

    Bitcoin Market Wrap Week: 2/1/ – 2/8/15, NetCoin and DigiByte Trending Upward

    | 2015/02/09 8:00 am
  • For years, speculative day-traders have been eagerly awaiting the day that Wall Street cash flows onto their favorite exchange. If a few Wall Street stock traders would come forth and spark the daily volume, maybe the markets would go up instead of down in 2015. When big power-players start placing buy orders, the moon will surely be within the grasp of anyone holding their coins for all that time. MarketWatch recently published an article warning

    Wall Street and Silicon Valley Aren’t Investing in Bitcoin, They’re Investing in Bitcoin Business

    | 2015/02/06 3:00 pm
  • While countries like Bangladesh and Ecuador are outright banning bitcoin and other digital currencies, Italy has taken an interesting first stance on the matter. In a notice on virtual currencies, published on January 30, the Central Bank of Italy acknowledged the use of virtual currencies as legal in their country. The Central Bank of Italy started off their notice with an explanation of digital currency, then noted that the Financial Action Task Force (FATF) published

    Central Bank of Italy Acknowledges Bitcoin Exchanges with Interesting AML Twist

    | 2015/02/06 8:00 am
  • While back ago the one of the simplest and user Friendly bitcoin wallet for Android from Zebpay was introduced to the world. The owners already had some previous experience by having operated first ever India’s bitcoin exchange and tried to introduce something new to the bitcoin community around the globe.

    Zebpay’s Co Founder Saurabh Agrawal Talks About Bitcoin

    | 2015/02/05 3:00 pm
  • Cryptocurrency exchange 247exchange recently announced that they would accept bitcoin withdrawals to both credit and debit cards. This is great news for the exchange as it becomes one of the few to accept this type of funding method. However, like most bitcoin exchanges that use this withdrawal method, the fees are higher than usual, and it may not be useful for those who are withdrawing a large amount of money. 247exchange is managed by InterMoney

    247exchange Accepting Withdrawals to Credit and Debit Cards

    | 2015/02/05 8:00 am
  • During the Miami Conference that we covered earlier this year, we met several companies and individual all looking to improve an aspect of Bitcoin in one way or another. Bitcoinist met ChangeTip at the conference, and you may have seen there work in play over social media channels, most popularly Reddit. Besides tipping in the /r/Bitcoin subreddit, we have seen Bitcoin tippings in the /r/Dota, /r/Dogecoin, and many more subreddits. You can also tip on

    Interview with ChangeTip: The Love Button For The Internet

    | 2015/02/05 4:25 am
  • Let’s face it: there’s a sea of altcoins debuting practically every month. Now that cryptocurrency has made its mark for more than five years, the technology is getting more sophisticated and easier to produce. That being said, it doesn’t always mean new altcoins make a significant impact. With new altcoins premiering all the time, it’s hard to break the mold and catch some eyes. But NeuCoin seems to be doing alright with that, as they’re

    Is NeuCoin the Strongest Altcoin Opening in 2015 Thus Far?

    | 2015/02/03 3:00 pm
  • The trials regarding the Silk Road are in full effect as they attract more attention from what was expected. Much information on the trials can be found throughout the website that specifically describe some of the most important parts regarding the cases. People have not shied away from commenting either as a heated debate forms regarding Ross Ulbricht’s guiltiness.  Interesting news from the ongoing Silk Road trial involving Ross Ulbricht was released today as Andreas Antonopoulos was blocked

    Andreas Antonopoulos Deemed Unqualified to Testify in Silk Road Trial

    | 2015/02/03 10:51 am
  • After seeing the Bitcoin price spike to $300 earlier this week, the market has been on a steady decline. In total, Bitcoin has dropped 38% this week, from a peak of $307 to approximately $223. Bitcoin’s price increased exponentially due to announcements from the Winklevoss Twins about Gemini and Coinbase’s new exchange. For the cherry on top, Google has integrated Coinbase into its Google Now application for Android. This app shows notifications in the format of cards; the Coinbase

    Market Summary: 1/25/15-2/1/15

    | 2015/02/03 8:00 am
  • Dear trader, Welcome to the third episode of our Decadays Market Report series. The first two articles are available Part 1 and Part 2. Remember, in our previous article, I showed you a bearish divergence in progress. Then I said: “the price of Bitcoin may not recover in the coming days. Instead, the risk is to see a new strong drop.” Since then, what happened? As you can see on the chart below, the drop

    Decadays Trading Report and Guide 3

    | 2015/02/03 3:19 am
  • Charlotte C. Lin is the US lawyer who has been putting together the class action lawsuit against KnC for failure to ship miners purchased. During the discovery phase she also found that the few miners shipped were flawed with many catching fire. Charlotte sits down with Scott Fargo the Editor in Chief of Bitcoinist to let us know how the suit is progressing.

    Bitcoinist News Bits: The KnC Lawsuit Investigation

    | 2015/02/02 7:29 pm
  • When I talked to David last year, partnerships were on the distant horizon. Now, Digital Currency Labs and Arterran Renewables are striking up a deal, which will benefit both parties greatly. Bitcoinist talked to both David and Ron from Digital Currency Labs regarding this partnership. Who is Digital Currency Labs? Digital Currency Labs is a financial technology and strategic advisory company whose mission is to bridge the gap between the emerging world of digital currencies

    Interview with David and Ron of Digital Currency Labs

    | 2015/02/02 3:00 pm
  • In October of 2014, Gavin Andresen sparked a community-wide debate over the future of the hard-coded, 1 MB size-cap on Bitcoin blocks. Andresen proposed a change to the Bitcoin protocol that would implement an upward-scaling block size limit, necessitating a hard-fork of the blockchain. Many people opposed this idea — mainly on economic grounds. They argued that a constantly increasing block size limit would make the supply of block-space far outstrip the demand for transactions,

    Thoughts on Bitcoin Block Size Economics

    | 2015/02/02 8:00 am