• bitSome local newspapers and online portals are reporting that Polish banks are forcing online payment providers, such as Cashbill and Bluemedia, to terminate contracts with Bitcoin exchanges and cantors. It appears that the issue is currently only being reported by Polish language media, as not a lot of information regarding the issue available in English media. When Bitcoinist received an e-mail from Justyna Laskowska Witek of BitBay.net, we learned that his company is not the only one affected by

    Poland Banks Pushing Companies to End BTC Exchange Contracts

    | 2015/06/22 3:00 pm
  • This week we saw volatility that was a lot, even for the relatively unstable Bitcoin market. The week started at a low of $230, spiking all the way up to the $260 range that totals to a nearly 13% increase in price. Like many people expected, however, the price quickly fell back down and is currently hovering at just above $240, coinciding with the prediction I made in last week’s Market Wrap-Up. Despite all the

    Bitcoin Market Wrap Up 6/14 – 6/21: BTC Cools Down, Interest Returns to Altcoins

    | 2015/06/22 12:00 pm
  • Moving towards its mission to create an efficient money, payment, and market system for the unbanked, Indian startup Trestor has partnered with the Cameroon government. With this partnership, Trestor aims to deliver last mile services in the southwest African country. Also read: BitGive Asks for Donations for Bitcoin Community Services Trests — Trestor’s digital tokens — are decentralized, private, freeze-proof, faster to transfer, and don’t need any transfer fees. The government of Cameroon selected Trests for this project after the

    Trestor Partners with Cameroon for New Currency Ecosystem

    | 2015/06/21 8:00 am
  • The Crypto Show, a podcast covering crypto-anarchy topics, has launched a StartJoin fundraiser to raise money for Ross Ulbricht’s appeal. Instead of simply soliciting donations, the Crypto Show will be giving away items from various members in the Bitcoin community to those who donate certain amounts to the fund. Also read: Silk Road Operator Ross Ulbricht Sentenced to Life in Prison From The Crypto Show regarding the items available in the fundraiser: “We’re doing another

    The Crypto Show Hosting Ross Ulbricht Appeal Fundraiser

    | 2015/06/18 11:02 pm
  • The world of finance is buzzing with all kinds of new payment technologies that are trying to capture the attention of everyday consumers. With multiple countries around the world slowly evolving to a cashless society, banks will exert even more financial control over our daily lives. Unless a drastic new payment system rears its head, that is. Will it be digital currency? It very well may be, but there will be some stiff competition to

    GoCardless Creates Global Direct Debit Network, but Bitcoin Already Has

    | 2015/06/17 3:00 pm
  • Coinbase, a popular Bitcoin exchange and online wallet provider, has announced the launch of its Instant Exchange. This new service will allow Coinbase users to send and receive Bitcoin payments instantly. Coinbase says that the Instant Exchange will protect people from Bitcoin price volatility, since they will be able to complete transactions so quickly.  Also read: Coinbase Suspends Service in Wyoming Indefinitely From Coinbase’s official announcement: “Coinbase has long offered merchants the ability to automatically

    Coinbase Launches Instant Exchange, Protects Users from Volatility

    | 2015/06/17 4:45 am
  • Recently, Ben Lawsky, the Superintendent of the New York Department of Financial Services (NYDFS) released the final draft of the infamous BitLicense. This piece of regulation would place a set of restrictive requirements upon Bitcoin businesses operating in new york. The most controversial of the code’s stipulations include fingerprinting company employees, monitoring customer activity, and strict capital requirements. Also read: Bitcoinist Assistant Editor’s Formal BitLicense Comment This final version of BitLicense is the third draft

    The Final BitLicense: Revisions and Reactions From The Industry

    | 2015/06/15 2:00 pm
  • Since the last market wrap up, price in Bitcoin has finally hit bottom and the trend has reversed. The defining moment that turned the price around was earlier this week when price hit bottom at $222. Since then, price has increased at a steady pace totaling to a net gain of 4.5% over the last seven days. If current trends hold, I’d expect Bitcoin to be either approaching or however just above $240 this time

    Bitcoin Market Wrap Up 6/7 – 6/14: BTC reverses trend, VTC Goes Down, XPM in its Prime

    | 2015/06/15 8:00 am
  • Halsey Minor, Founder & CEO of Bitreserve, has announced that his company will make holding, sending, and converting the world’s major currencies instant and free, without charging fees and commissions normally levied by banks, credit card companies, and money transfer businesses. Also read: William Dennings Joins Bitreserve as Chief Information Security Officer (CISO) Minor says that Bitreserve is offering free transfer and conversion of the money for its members. According to him, his company is bringing

    Bitreserve Offers Free Money Transfers and Currency Exchange

    | 2015/06/14 8:00 am
  • On Tuesday, June 9, 2015, the San Francisco Board of Education unanimously voted to expand computer science education to all grade levels. This new initiative will be funded by the Salesforce Foundation, the non-profit wing of Salesforce, a cloud computing company.  Also read: Comcast Customer Loses Email Address, Blockchain Technology Could have Prevented it Presently, computer science is not a widely-taught subject in the San Francisco Unified School District. In the Spring 2014 semester, only

    San Francisco to Teach Computer Science to all Grades

    | 2015/06/12 8:40 pm
  • Stripe is an online dashboard that allows business owners to organize and manage their payments. The service offers a variety of features, including “storing cards and processing subscriptions to power marketplaces and everything in between.” Additionally, Stripe allows users to accept international payments, supporting over 100 currencies, including Bitcoin. Now, Stripe is launching an iPhone app, allowing users to manage their payments on the go. Also read: Stellar and Stripe Speak at the Future of

    Stripe Launches Mobile App, Could Bitcoin be a Better Alternative?

    | 2015/06/10 9:39 pm
  • Bitcoin businesses have been getting a lot of attention in recent months. Some of that new attention can be attributed to massive VC funding flowing into the world of digital currency. If this trend continues, the Bitcoin industry will surpass the $1 billion USD mark in VC funding will be passed before the end of the year. Also read: CleverCoin Incubated by Boost VC: Exclusive Interview Solving A Critical Issue There are two critical issues

    Bitcoin Capital Raises $1,297,460 in Crowdfunding Campaign

    | 2015/06/10 7:22 am
  • Over the last week, Bitcoin has continued to experience price slippage after briefly hitting a peak of $233 early in the week. From the peak, however, things went downhill. The price dipped to a low of $221 — a 5% drop. For the rest of the week, the price fluctuated between $225 and $223, aside from a brief bull run to $232. Through all the volatility, however, Bitcoin only dropped in value by 2.9%, much less drastic

    Bitcoin Market Wrap Up 5/31-6/7: BTC Slippage Ccontinues, Vertcoin Leads the Pack

    | 2015/06/09 4:52 am
  • Shapeshift.io is the simplest, easiest and fastest crypto currency exchange in the ecosystem that allows for users to instantly trade their digital currencies without even having to register. ShapeShift is how all digital currency exchanges should work. From start to finish users can convert digital currencies in seconds, with no account required. ShapeShift has been building strategic partnerships throughout the Bitcoin and blockchain industry, including Coinomi, Purse.io, Tether, and a new merchant processing agreement reached

    Shapeshift.io Announces New Pricing System

    | 2015/06/06 3:00 pm
  • Brilliant minds around the worth are continually exploring the options and possibilities associated with Bitcoin technology. One of the things where Bitcoin could play a major role is in the world of finance, as digital currency works the same way around the world, regardless of any country borders. Could micro-financing become a future use case for Bitcoin? Let’s find out. Also read: Kraken Introduces Margin Trading Bitcoin Is Suitable for Peer-to-peer Lending It is not

    ProudSource Puts New Spin on Bitcoin Peer-to-peer Lending

    | 2015/06/05 8:00 am
  • This week in Bitcoin, we saw a straight trend downwards, with no reversals or bounces. The price briefly held at $240, peaking at $242, and then proceeded to slowly depreciate until it hit a floor at $228 — decreasing nearly 5% over the last seven days. Since then, the price has recovered slightly and is hovering at $230. Also Read: Last Week’s Market Wrap Up Bitcoin’s depression in price is most likely due to the attention OKCoin

    Bitcoin Market Wrap Up 5/24-5/31: Bitcoin Falls Below $230, Ripple Rebounds, Vertcoin Holds Steady

    | 2015/06/02 12:59 am
  • This interview was conducted before Changpeng Zhao’s post in /r/bitcoin explaining how OKCoin failed to respect its gentlemen’s contract. Therefore, that Reddit post acts as further support for Roger Ver, who shares his point of view below. Also read: To Avoid Legal Hassle With Roger Ver, OKCoin Stops Managing OKCoin.com Below the interview, readers can find excperts from Zhao’s Reddit post. Reading the emails OKCoin and you exchanged, no where does it appear that OKCoin

    Roger Ver on OKCoin’s Breach of Contract, Changpeng Zhao’s Latest Revelations

    | 2015/06/01 8:00 am
  • The developer of Genesis Coin, the physical cryptocoins, says that he will now be selling his products exclusively on Bitcointalk.org for the first month of the release. Currently, he has 300 coins available for purchase; if there are any left after the first month, the developer will open up to other sale avenues. Also read: Citi Suggests UK Government Create its Own Digital Currency In his detailed post, wheelz1200 says he will be selling a total of

    Genesis Coins to be Sold on Bitcointalk.org

    | 2015/05/31 3:00 pm
  • ShapeShift.io is an instant Bitcoin and altcoin exchange innovative service. The exchange platform is very popular within the community for allowing users to trade their altcoins instantly without having to register or create an account. Shapeshift.io also allows merchants to receive various cryptocurrencies and trade them for their digital asset of choice. Also read: ShapeShift.io Adds Tether USD to its Instant Exchange Since the beginning of this year, Shapeshift.io has been vigorously growing and introducing new

    ShapeShift.io Adds Monacoin, Vertcoin, Infinitecoin

    | 2015/05/30 3:00 pm
  • The United Kingdom, is often one of the friendlier places when it comes to Bitcoin legality, especially when compared to US regulation, such as the New York BitLicense. Citi, a global banking and financial corporation, recommended that the UK take its acceptance one step further with the creation of a UK cryptocurrency. Also Read:Are Wall Street and The Banks Trying to Circumvent the Bitcoin Blockchain? In a document submitted by Citi to the British government, Citi

    Citi Suggests UK Government Create its Own Digital Currency

    | 2015/05/27 7:00 pm
  • Bitcoin has made a healthy bounce back since we hit our weekly low of $233 around the night of May 18th. However, Bitcoin only made an additional gain of 1.8% during the week. Also Read: Last week’s Market Wrap Up Between the 17th, and 24th,  we’ve saw the Bitcoin price fall from $237 to $232, with most of the 2.1% decline occurring in a couple hours between the 18th and 19th. In that same time frame, we also saw

    Bitcoin Market Wrap Up 5/17 – 5/24: BTC Slight Gains, BC and VTC Surge

    | 2015/05/25 8:00 am
  • For the first two or three years, arguably Bitcoin was a toy for nerds, and some dissenters might even go to say Bitcoin is just for anarchists and liberalists. However, as more people used it, and more companies started accepting it, Venture Capitalists and Wall Street started catching on. Also Read: Wall Street is Quickly Moving in on Bitcoin First it was just the small seed investment round here and there, usually investments below $100,000

    Are Wall Street and The Banks Trying To Circumvent the Bitcoin Blockchain?

    | 2015/05/24 9:00 am
  • BitPesa has made a name for itself in the world of Bitcoin-enabled remittance services. Up until this point, though, most of BitPesa’s efforts have been focused on Kenya, one of the most underbanked countries in the world. But yesterday, the company announced its expansion into Tanzania. Also read: BitPesa Raises $1.1 Million to Expand to New African Countries BitPesa: Sending Money To and From Africa Made Easy The remittance market is being dominated by a handful

    BitPesa Expands Bitcoin Remittance Service to Tanzania

    | 2015/05/21 3:00 pm