• California repeals law, allows Bitcoin. California legislation passes a bill allowing the use of digital currencies such as Bitcoin! Saturday, Jerry Brown signed this monumental bill, lifting the previous ban on cryptocurrrencies in California. This may have also impacted Bitcoin prices, with prices know around $650, and volume transactions peaking at $50 million for 24 hours. The original law, stating that anything besides the use of US currency is prohibited was outdated, technically even making rewards

    News Summary: June 29 – July 6

    | 2014/07/02 3:32 am
  • Now, we must first know that Goalcoin is pretty much like any other coin concerning the algorithm and the fact that it’s fully PoW. Goalcoin runs on the scrypt algorithm using DigiShield and it’s fully PoW. Therefore, it can be mined indefinitely. Also, it has a max number of 2.3 million coins, and after this amount is mined, the block reward will change to .03 goalcoins.  Goalcoin is currently in it’s IPO phase which is

    Interview with GoalCoin Developer

    | 2014/07/02 2:52 am
  • Here’s a fun fact: According to LA Times, Makati City in the Philippines is the number one place in the world when it comes to selfies, ahead of New York, Miami, and Cebu City, which is also in the Philippines. With so much drive for social media, the same people over at Bitmarket.ph decided to make a sister company that combined selfies and Bitcoin to further drive adoption, Bitstars.ph 1. How did it all get

    Q&A with Bitstars.ph: Bitcoin for selfies!

    | 2014/07/01 6:28 pm
  • In the world of cryptocurrency, many crypto’s use POW to secure their blockchain. This requires miners. Usually miners are hot, noisy, and use a lot of electricity. That’s where cloud mining (or hashing) comes in. But from one solution comes another problem. Which cloud mining company do I go for? And that’s where MiningContracts.com comes in.  1. History of Development?    MiningContracts.com was born from the frustration that one of our team members experienced while

    Exclusive Interview with MiningContracts.com: Which one do I pick?

    | 2014/07/01 3:53 am
  • Just like BraveNewCoin  and CoinMarketCap, CoinGecko is another tool that I visit frequently when prospecting over potential coins to invest into whether that’s for a short term profit, or a long term possession. CoinGecko makes it easy for traders to manage their coins via a closed invite-only dashboard (which I’ll be looking at in a later article)that allows traders to view liquidity, exchange, prices for the current day, so on and so forth. For now they have 50+

    CoinGecko: 360 degree overview on Cryptocurrency! Exclusive Interview

    | 2014/06/30 8:11 pm
  •  Bitmain is proud to announce the sale of AntMiner S3 for 0.75 BTC each to include International shipping.  S3 is hashing at 478 GH/s while consumes 366 Watt power from the wall. AntMiner S3 is the third generation Bitcoin mining rig made by Bitmain. It uses the state of the art BM1382 chip powered by the 28nm tech process with ultra-low power consumption, targeting the best combination of power efficiency and low capital expenditure for

    AntMiner S3 for sales shipping starts from July 10th

    | 2014/06/30 5:21 pm
  • MyCoinSolution’s mission is to: Our mission is to make bitcoin widely accessible. We help our clients understand the benefits and risks associated with Bitcoin, enabling them to make the best decisions for payment processing. Regarding Adam, according to MyCoinSolution’s website,  has a background in Electrical Engineering and CS at the Georgia Institute of Technology. He has since worked for IBM leading strategic enterprise transformations. Currently, he devotes his time to making Bitcoin more widely accepted. Joseph

    Exclusive Interview with Adam Kitain: MyCoinSolution

    | 2014/06/28 2:00 am
  • Today, Mycelium has announced the launch of an Indiegogo project for its Mycelium Entropy device. Mycelium Entropy is the newest addition to the Mycelium Bitcoin Wallet ecosystem, first announced at the Bitcoin2014 Conference in Amsterdam, and demonstrated at the Central Europe Bitcoin Expo in Viena, as well as the recent Bitcoin in the Beltway conference in Washington DC. [youtube id=”cuUCjeABxOM” mode=”normal” align=”center”] Mycelium Entropy is a small, simple USB device that is designed specifically to generate paper

    Bitcoin Paper Wallet: Mycelium Entropy Indiegogo Campaign

    | 2014/06/26 12:16 pm
  • Bitcoinist.net sat down with a Q&A of Jan Heinicke-Clemm of Genesis Mining and BitLendingClub CEO Kiril Gantchev, to discuss their new partnership. . What is BitlendingClub? BitLendingClub is an international peer-to-peer crowd lending platform. The platform allows borrowers from all over the world to request a Bitcoin loan. Lenders compete to offer the lowest possible interest rate for the loan and once the lenders have invested enough BTC to fund 100% of the loan, then

    Q&A with GenesisMining over BitLendingClub

    | 2014/06/25 7:54 pm
  • Move over Bitcoinstarter hello Swarm. A new crowdfunding platform called Swarm launched and began funding itself with considerable success, raising more than 1200 Bitcoins in just eighteen hours (the sale began at 12:01 AM June 17, and will continue until the supply of cryptocurrency is depleted). As of this article Swarm has raised 28% out of 24M goal or about 4,500 BTC. Swarm is marketing itself as “the Facebook of crowdfunding.” Swarm has launched its

    Bitcoin: “Facebook of Crowdfunding” – Swarm

    | 2014/06/23 9:58 pm
  • ATTENTION BITCOIN MILLIONAIRES: A 2.6M Luxury beach front mansion has gone up for sale for Bitcoin. Located on Hilton Head Island , this beachfront property offers gorgeous views of the beach and a cozy atmosphere to go along with it. This 2,280 sq ft luxury home has awesome views of the beach and features: 4 beds 4 baths Large deck Open floor plan Cathedral ceilings With the master bedroom on the 1st floor Check out the listing

    Bitcoin Accepted – 2.6M Luxury Beach Front Mansion For Sale

    | 2014/06/20 10:57 pm
  • Point-of-Sale solutions that facilitate bitcoin transactions with over-the counter businesses. Bitcoinist.net recently had a Q&A with DC POS  to discuss their new point-of-sale system. [quote]”We expect to have thousands of merchants accepting bitcoin with DC POS by the end of calendar 2014″[/quote] Q: How did DC POS come about?  Our Managing Director and founder Mike Nelson wanted to do something positive to accelerate Bitcoin adoption. He realized that Bitcoin needs to move from a speculative economy to a

    Exclusive Q&A with DC POS

    | 2014/06/18 5:18 pm
  • Firstly, CryptCoin is a hybrid proof of work and proof of security coin based on the X11 algorithm which uses different hash functions for mining. We all know hype is crucial in the success of a coin, but what is the result of hype and innovation? The current answer is simple, CryptCoin. Many can say that CryptCoin’s latest success is due to its Mintpal addition which could be the case, but the fact of the

    CryptCoin: Anonymity and it’s latest surge

    | 2014/06/18 7:19 am
  • Austin, TX  Introducing a new, easier way to make bitcoin transactions. This prototype ATM was developed in part by Cash2btc.com and requires no input of a government issue ID or biometric palm scanning. The ATM takes in over 180 fiat currencies and can convert to bitcoin, litecoin or dogecoin. Best of all, the machine is open sourced technology – meaning anyone in the world is capable of building this machine. Steve Wilkinson of AustinBitcoin.com explains

    NEW BITCOIN ATM – EXCLUSIVE FROM BITCOINIST.NET

    | 2014/06/16 11:11 pm
  • While all you Droid fans may say, “‘X’ phone already has this”, when Apple does something it’s big. And it’s big. If you watched Apples WWDC last week you may know what had all the people there cheering in excitement, and it’s big for bitcoin. Since Apple controls such a large percentage of the market of the mobile market with their smartphones and software whatever they introduce has large rippliating effects. Pre-Conference. Before Apple’s world developers conference that took

    Apple: Big for Bitcoin

    | 2014/06/15 8:39 pm
  • Want to try your hand at making some money on the Brazil World Cup? Check out Bitkup. When I contacted Gus, a person over at Bitkup and asked him why Bitkup was created he said (note due to a language barrier, text may be slightly inaccurate due to translation): Brazilians and Spaniards are passionate about football and technology, so we created Bitkup with the main objective of disseminating Bitcoin enthusiasts and the provide the currency; also,

    Interview with Bitkup: Create predictions for Brazil World Cup 2014

    | 2014/06/15 3:21 am
  • Exclusive Launch Interview with Betmoose: User-Driven Betting Exchange Looking for money and have a hunch? We’re not advocating betting, but maybe that’s your calling. After I got a quick response from Lucky House Writing, Betmoose also sent me a reply (with some detailed answers, so expect a long one) and accepted the chance for an interview. Betmoose is a company that lives in the cloud, with a team based out in Canada. Adam (assumedly CEO/founder,

    Exclusive Launch Interview with Betmoose: User-Driven Betting Exchange

    | 2014/06/13 4:23 am
  • As I love to push awareness of companies that accept Bitcoin I decided to reach out to Reddit, asking if there were any companies/ventures that accepted Bitcoin that would like to be interviewed for bitcoinist. Almost immediately, I got my first reply from Lucky House Writing and we started the interview process. Lucky House Writing is a startup company was started by their founder Jack Lucky. Our founder, Jack Lucky, founded this company a short

    Exclusive Interview with Lucky House Writing: Here for all your writing needs!

    | 2014/06/12 7:39 pm
  • If you don’t know what TOR is, it stands for The Onion Router. Originally purposed for a third-generation onion routing project of the US Naval research laboratory according to their website, TOR is now used by anyone that would like to remain as private and secure as they can. TOR gets name from how it works. TOR works by protecting you against a well-known form of Internet surveillance, known as” traffic analysis.” It does this

    TORcoin: How it could Save TOR’s networks

    | 2014/06/12 2:39 am
  • Like many other cryptocurrency related apps, BlockStreet can show you the current price of Bitcoin on several different exchanges. Unlike many other cryptocurrency related apps, BlockStreet also adds other cryptos, market cap, detailed graphs, news sources, and a conversion calculator. The full feature list of what BlockStreet is capable of: Price of 15 different cryptocurrencies across 7 exchanges, plus 24 hour high, low, volume, and percentage change Graph showing all-time highs, average, and lows from

    Interview: BlockStreet, a One Stop Shop for All Things Crypto!

    | 2014/06/06 12:00 pm
  • Good news for Bitcoin Hodlers! An Internal Revenue Service official (IRS) has stated that taxpayers are not required to report Bitcoin holdings on FinCEN Form 114(Report of Foreign Bank and Financial Accounts or FBAR). This is quite short notice, considering the deadline for FBAR filing is June 30th, so I imagine many people have filed already. Now before you all proclaim that “USA has given up! No taxes on Bitcoin!” or something along those lines,

    No Taxes: IRS States no FBAR Reporting

    | 2014/06/05 11:55 pm
  • Mistakes: Interview with the Man that sent 800 BTC to Mt.Gox Quite recently, a man that goes by the Reddit handle of TheDJFC, mistakenly sent 800 BTC to the same address which he sent 300 BTC earlier this year. At current prices, this sums up to around $688,600 for 1100 BTC. The man has evidence to back his story up; transaction can be seen on the blockchain. He reached out to the Bitcoin Community over

    Mistakes: Interview with the Man that sent 800 BTC to Mt.Gox

    | 2014/06/02 11:31 pm
  • Potential for increase is incredibly high in the altcoin market these days. You just have to play it smart and ride with the “whales”. This past week we saw some nice rises by many coins, from 100% to 1000%, therefore, let’s recall some of the ones I find most noteworthy: MastiffCoin MastiffCoin is a coin I had personally recommended as a buy when it was at 3000 satoshi through my twitter account. The reason why

    The AltCoin Roundup: Mastiff, Boost, and X11Coin

    | 2014/06/02 4:37 am