• BitPay has announced it is raising its minimum invoice amount from 4 cents to $1 as an “exponential” increase in miner fees takes its toll. BitPay: Micropayments Becoming ‘Uneconomical’ In a release Wednesday, the payment provider said that amid record transaction volumes, the change “will protect consumers from creating un-economical transactions and remove our own risk for processing unprofitable transactions.” “Now that fees are reaching an average of $1 per transaction across the Bitcoin network,

    Bitpay Raises Invoice Minimum 2400%, CEO Says Bitcoin ‘Working Perfectly’

    | 2017/03/09 5:30 am
  • Google has said the world should stop using SHA-1 cryptographic hash function and move on to SHA-256 – the cryptography used in Bitcoin. Google: Move to SHA-256 ‘More Urgent Than Ever’ In a release late last month, the company said it had successfully achieved the “world’s first SHA-1 collision,” an experiment where two pieces of data share the same hash. The research was a joint project between Google researchers and the Centrum Wiskunde & Informatica

    Google: It’s ‘More Urgent Than Ever’ to Use Bitcoin’s Encryption

    | 2017/03/05 6:00 am
  • Kraken has acquired charting platform Cryptowatch in an effort to improve its interface and cryptocurrency trading experience. Kraken Snatches Cryptowatch San Fransisco based cryptocurrency exchange Kraken has announced the acquisition of Cryptowatch, a popular charting and trading platform to improve its own trading platform. The latest move by Kraken will allow clients to have direct access to an upgraded Cryptowatch trading interface through the Kraken platform itself, introducing users to a tool that is already used

    Kraken Continues M&A Spree: Acquires Cryptowatch Charting Platform

    | 2017/03/01 1:00 pm
  • Tuesday saw Vitalik Buterin introduce Ethereum’s latest venture, the Enterprise Ethereum Alliance (EEA), as the platform gained rare mainstream media praise. Ethereum Alliance to ‘Retain Compatibility with Public Ethereum’  At a launch event in New York, Buterin presented what an accompanying press release calls “enterprise collaboration [driving] Ethereum blockchain technology best practices focusing on security, privacy, scalability, and interoperability.” EEA seeks to propagate Ethereum blockchain technology for individual business use cases. Any company could benefit

    New Enterprise Ethereum Alliance to Bridge Public & Private Blockchains

    | 2017/03/01 2:30 am
  • Brock Pierce of Blockchain Capital LLC is to become the first venture capital fund to issue its own digital tokens. Pierce: ‘This Will Completely Disrupt VC’ The Bitcoin Foundation director’s Blockchain VC fund will issue tokens as part of a $50 million USD fundraising round, which will also include convention investments. “We think this is going to change the game, this is going to completely disrupt the VC industry,” Pierce said quoted by Bloomberg. Blockchain Capital

    Brock Pierce: First-Ever VC Fund ICO Will ‘Disrupt Industry’

    | 2017/02/25 5:00 am
  • Switzerland’s southernmost canton of Ticino is launching its own cryptocurrency for local use, but its regulatory status remains uncertain. Another Local Crypto For Switzerland Two developers from Ticino, on the border with Italy, conceived Ticinocoin (TIC) as a means of keeping value circulating locally, Finextra reports. “Regional virtual currency based on the blockchain technology is expected to stimulate the local economy offering faster, more transparent and less expensive transactions,” it writes. However, Michele Fiscalini, one

    This Swiss Canton Now Has Its Own Cryptocurrency Awaiting Approval

    | 2017/02/22 3:00 am
  • Bitcoin privacy may be reduced with the launch of QLUE alongside other deanonymization tools used to trace Bitcoin transactions and reveal user identities. QLUE for Law Enforcement on ‘Financial Crimes’ Although Bitcoin is known for being used in criminal activities like the sale of illicit items on the deep web, its pseudonymous nature makes it less than optimal for cyber criminals. But the misconception that Bitcoin is untraceable is a common one and it’s often still referred to as

    QLUE Wants to Unmask Bitcoin Users Committing ‘Financial Crimes’

    | 2017/02/21 11:00 am
  • The number of Bitcoin ATM’s has surpassed 1,000th, a milestone in the history of Bitcoin that marks the continued growth of its infrastructure across the globe. Bitcoin Hits 1,000 BTM’s Today, CoinATMRadar celebrates the submission of the 1,000th Bitcoin ATM on their website. A significant moment for the website that tracks the presence of these machines worldwide, but even more so for the Bitcoin community in general. The current number of Bitcoin ATM’s currently stands at 1,002, according

    Achievement Unlocked: Bitcoin Surpasses 1,000 ATMs Worldwide

    | 2017/02/17 9:00 am
  • Looking for a free ticket into the Crypto world? Bitcoinist has got you covered with four ways to get Bitcoin without having to spend a cent. You Don’t Need Money to Get Bitcoin As Bitcoin price continues to rise, it’s getting ever more expensive to buy for the average person. But earning bitcoin might just be the best way to accumulate this digital gold. Even Bitcoin expert, Andreas Antonopoulos, admitted in one of his many talks,

    4 Ways to Get Bitcoin Without Spending Any Money

    | 2017/02/16 12:00 pm
  • Two Hawaii politicians have submitted a bill calling for a dedicated Blockchain research group and “an educated and measured approach” to regulation. Blockchain to ‘Benefit Local Businesses and Residents’ in Hawaii House Bill 1481, sponsored by democrats Chris Lee and Mark Nakashima, is currently awaiting approval by state legislators after submission January 25. State committee members considering it have already suggested it should be passed, subject to certain amendments which have yet to be made

    Hawaii Recommends Passing Bill For ‘Educated’ Blockchain Regulation

    | 2017/02/05 3:00 pm
  • Venezuela’s largest Bitcoin exchange Surbitcoin is no longer trading locally after its bank suddenly suspended withdrawal and deposit services. Surbitcoin To ‘Establish New Business Structure’ In a statement Thursday, the exchange said it would be forced to cease operations for at least two weeks while it “establishes a new business structure with new improvements and security measures.” Users had only one day to withdraw funds, the February 3 deadline having already passed. Any capital still held

    Venezuela Shuts Down Bitcoin Exchange, Arrests More Miners

    | 2017/02/04 12:00 pm
  • United Arab Emirates’ National Bank of Abu Dhabi (NBD) has unveiled a partnership with Ripple to begin cross-border remittances via blockchain technology. UAE Taps Bank-Blockchain Pioneer The move, announced Wednesday, means NBD is the first Middle East and North Africa sector bank to commence operations with the technology. “Blockchain technology transforms and paves a new way in achieving our goals and better serve our customers, adding value through accessibility and transparency,” CPI Financial quotes Ramana Kumar, Managing Director

    Abu Dhabi Bank Picks Ripple for Its Blockchain Remittances

    | 2017/02/01 9:00 am
  • Bitcoinist spoke to Roman Pushkin, founder of LibreTaxi, an open-source ridesharing mobile app that will soon support Bitcoin payments, to find out more about his vision for this “free alternative” for Uber and Lyft.  Ride sharing applications are becoming part of our daily lives. However, there are just some areas apps like Uber and Lyft don’t cover and a certain currency – Bitcoin, of course – that these simply do not accept as a payment system. However, new

    Interview with LibreTaxi: The ‘Free Alternative’ to Lyft & Uber

    | 2017/02/01 5:00 am
  • Almost 2.3 Billion people can now shop on Amazon without a computer or a bank account following Purse.io’s Android app launch.  Shopping with Bitcoin on Amazon Now Available to 2.3 Billion Following the launch of its iOS app, Purse.io has now released the Android version for its platform, enabling billions to shop on Amazon with Bitcoin on the most popular smartphone operating system with over 1.4 billion users globally. With both operating systems supported, the number

    2.3 Billion People Can Now Use Bitcoin on Amazon

    | 2017/01/24 7:00 am
  • Barry Silbert’s Bitcoin Investment Trust has filed form S-1 with the US Securities And Exchange Commission (SEC) for up to $500 million USD worth of shares. Private Placement Shares End The documentation, submitted Friday, will take the Trust a step closer to listing on the New York Stock Exchange should the SEC approve it. “Grayscale Investments, LLC announced today that it has filed a registration statement on Form S-1 relating to the proposed registration of the

    Barry Silbert’s Bitcoin Investment Fund Files $500m Share Offering

    | 2017/01/21 7:00 am
  • As Bitcoin exchanges in China halt margin trading, zero-fee trading may also be on the chopping block as the industry awaits regulation. China Halts Margin Trading Following the inspections conducted by the People’s Bank of China, the country’s ‘Big Three’ Bitcoin exchanges BTCC, OKcoin and Huobi have stopped margin trading services. Although no official statement from the PBoC has been issued regarding the legality of the margin loan services, media reports state that the platforms’ margin

    Chinese Bitcoin Exchanges Halt Margin Trading: Zero-Fees Next to Go?

    | 2017/01/19 8:00 am
  • Circle Financial’s images problems continue after its iOS app received over 50 five-star reviews in three days after a sling of one-star feedback. Circle Reviews: ‘So Quick, So Easy, So Fun’ The UK-based wallet provider, which made the news in December after CEO Jeremy Allaire announced a move away from Bitcoin, is already suspected of being party to fake reviews. “Circle makes sending money so quick, so easy, so fun,” an example suspect review posted

    Circle in Hot Water Again as Users Flag 50+ Fake App Reviews

    | 2017/01/09 4:00 am
  • Comments by Airbnb CEO Brian Chesky have renewed speculation the company may soon begin accepting Bitcoin. AirBnB: BTC Integration ‘Discussed’ with Coinbase Chesky made several direct references in several Twitter exchanges which appear to demonstrate his interest in Bitcoin merchant acceptance. The first came during a discussion with a Bitcoin enthusiast on Christmas Day, Chesky saying he “discussed” the idea with Coinbase. @jrmoreau the founder of Coinbase worked for us and it's an area we have

    AirBnB ‘Not Yet’ Accepting Bitcoin CEO Says, ‘Surprised’ By Demand

    | 2016/12/27 10:00 am
  • The Bitcoin Blockchain has enabled millions of workers in India to receive bigger paychecks in Indian Rupees through a new partnership between Bitwage and Unocoin.  Less Waiting, Bigger Paychecks for Indians Indian Bitcoin exchange Unocoin has partnered with Bitwage in an effort to improve wages for international workers. Leveraging bitcoin transactions, Bitwage is able to skip currency exchange and international transaction fees. It transfers wages directly to workers in India, who now have the option of being paid

    Bitcoin is Now Helping Indians Receive Bigger Paychecks from Abroad

    | 2016/12/22 2:30 am
  • Charlie Shrem’s latest ventures, Mainstreet Investment and Intellisys, are to launch the crowdsale of their joint Mainstreet token in January. Intellisys ‘Changing Worldwide Investment Game’ The former BitInstant creator is working with CEO Jason Granger on a project which will “merge investment, securities law and technologies in a way that has not yet been done.” “The Mainstreet Investment token offering will change the game for investing on a worldwide stage,” Granger continued in an “Initial

    Charlie Shrem Announces ‘Game-Changing’ Token Sale

    | 2016/12/18 8:00 am
  • Desperate times continue at Coinbase – while one user has filed a motion to block IRS access to its records, a law firm is now suing the company for an alleged role in an $8.2 million fraud racket. New Lawsuit as Regs Bite Coinbase Again In a class action lawsuit filed in Florida by Silver Law Group and Wites & Kapetan, Coinbase purportedly allowed Paul Vernon, ex-CEO of now-defunct exchange Cryptsy, to convert bitcoins worth

    Coinbase Nightmare Continues With New $8m Cryptsy Lawsuit

    | 2016/12/16 6:07 am
  • India’s Bitcoin surge continues with exchanges reporting record trading and new user numbers for November and December. ‘Another Record Month’ for Indian Exchanges India’s Unocoin exchange announced the record figures on its Twitter page late last week, while also releasing an all-in-one trading app to capitalize on the boom. November was yet another record month for @Unocoin in terms of number of new users and total #bitcoin trade volume. #IndiaBitcoin — Unocoin (@Unocoin) December 8,

    India: ‘Record’ Bitcoin Trading, Users in Surging Market

    | 2016/12/12 2:10 am
  • ‘Bitcoin Bank’ Xapo has still not completed its move to Switzerland more than 18 months after announcing the plan. CEO: Swiss is Best The company, registered in the Cayman Islands but run out of the US, said that regulatory issues were behind the delays, with Swiss authorities unsure as to how to classify Xapo’s activities. “The regulatory environment for Bitcoin in Switzerland is very advanced, perhaps the best in the world,” CEO Wences Casares previously

    Xapo Still Battling Swiss Regulators After 18 Months in Limbo

    | 2016/12/10 8:00 am