• One of the hurdles plaguing Bitcoin adoption in emerging countries is the fact you need an active internet connection to send and receive digital currency. Certain countries offer some form of Internet connectivity to locals at high prices, making it less appealing to use Bitcoin. But if SpaceX has a say in the matter, their satellites will be providing internet access all over the world. Also read: SpaceBIT Challenges Traditional Banking With Banking Above The Clouds>/em>

    Bitcoin Adoption To Thrive From SpaceX’s Internet-providing Satellites?

    | 2015/06/04 6:15 pm
  • SuperNET is a unique concept, especially considering that cryptocurrency was a radical idea in itself. Rather than being a cryptocurrency, SuperNET is a cryptocurrency initiative. In support of blockchain innovations, which is what the basis of SuperNET lies on, they have announced that they will be sponsoring Drachmae’s “Blockchain Solution for Greece” project. Disclaimer: This article was provided by Bitcoin PR Buzz. Bitcoinist is not affiliated with Bit Starz and is not responsible for its

    SuperNET Sponsors “Blockchain Solution in Greece” Project by Drachmae

    | 2015/06/04 6:00 pm
  • Trust is a component in both gold currency and Bitcoin, although working in two fundamentally different ways. With gold, trust is almost always required, be it in mining, minting, or banking. On the other hand, with Bitcoin, mandatory trust only enters the equation with a centralized mining network. All other trust requirements with Bitcoin occur when an individual voluntarily gives a company or other person control over his or her coins. Also read: Is Bitcoin Better

    Is Bitcoin Better Than Gold? Part Two: Trust

    | 2015/06/04 3:00 pm
  • Bitcoin is often advertised as an anonymous digital currency that offers a high level of user privacy. People can hide their identities behind a wallet address, and generate additional addresses if needed. But is Bitcoin as anonymous and privacy-centric as uneducated people assume? The answers might surprise you. Also Read: All About: The Blockchain Part Six Anonymity vs. Pseudonymity Right now, there is a decent level of customer privacy in business. But it only exists

    Bitcoin is Not Anonymous and Lacks Privacy

    | 2015/06/04 8:00 am
  • After rumors of Coinbase not working for users located in Wyoming, Coinbase has since come out with an announcement that they will be indefinetly suspending service to users in Wyoming. This comes from an issue with The Wyoming Division of Banking in which recently communicated regulatory policy causes uncertainty for the legality of digital currency operations. Also read: Legislators to Introduce Pro-Bitcoin Bill in New Jersey Coinbase, in their post stated: “Although we strive to provide

    Coinbase Suspends Service in Wyoming Indefinitely

    | 2015/06/03 8:33 pm
  • Bitcoin is a great way to move money around the world, and it is also a movement that wants to decentralize all services. However, the digital currency has not been embraced fully just yet, due to identity and reputation management, which could not be decentralized up until now. Trust remains an important factor, and people don’t trust decentralized platforms just yet. One of Bitcoin’s positive aspects is that there will be no disputes when things need

    Bitrated to Bring Reputation to the World of Bitcoin

    | 2015/06/03 7:00 pm
  • The problem with any centralized exchange is that it is centralized. All the funds are located at one place, which makes it a weak chain in the link, so to speak. Even Bitfinex, respected by many as one of the more secure exchanges, succumbed to an infiltration of their hot wallet recently. Also read: Chamber of Digital Commerce Launches New Site, Announces Advisory Board Now for the first time through a partnership between BitGo and Bitfinex,

    Bitfinex and BitGo Partner Up to Offer First Ever Multi-Sig Exchange!

    | 2015/06/03 6:11 pm
  • In New Jersey, two legislators have brought a bill to the state legislature (A4478) that will create a regulatory framework for Bitcoin-related companies. Both the legislators and some in the Bitcoin community have touted the bill as a positive step towards bringing the cryptocurrency to the mainstream. Also read: 12charge Allows You to Pay for Utilities and More With Bitcoin A4478, alternatively titled the “Digital Currency Jobs Creation Act,” was introduced with the purpose of

    Legislators to Introduce Pro-Bitcoin Bill in New Jersey

    | 2015/06/03 3:00 pm
  • The Chamber of Digital Commerce (CDC) has launched its newly updated website, which includes an automated online membership portal, as well as the announcement of the advisory board and prominent member companies. Among these member companies is MecklerMedia, one of the leading producers of global trade shows featuring Bitcoin, 3D printing, and robotics. MecklerMedia has multiple global events on various topics coming up in the following months. Through the new portal and ease of membership, the CDC

    Chamber of Digital Commerce Launches New Site, Announces Advisory Board

    | 2015/06/03 8:00 am
  • In many ways, gold and Bitcoin are similar. They are both scarce; gold is scarce by nature and Bitcoin has scarcity coded into its protocol. Gold and Bitcoin are divisible; gold can be melted into small coins or even shaved into tiny flecks. Each bitcoin is divisible by eight decimal places. They are both fungible; each ounce of gold is interchangeable with the next, and all bitcoins are interchangeable with one another. Gold and Bitcoin

    Is Bitcoin Better than Gold? Part One: Transaction Costs and Centralization

    | 2015/06/02 3:00 pm
  • Editor’s note: This article contains links that may be NSFW. Click at your own risk.  Bitcoin enables users to keep a certain level of anonymity when conducting business on the internet. When buying items from someone in a digital form, there is no need to disclose any of your personal information. When it comes to online gaming or gambling, Bitcoin allows people to game without leaving evidence on credit card statements. Now, Dream Lover allows

    Dream Lover: Models Sending Pictures for Bitcoin

    | 2015/06/02 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
  • Bitstarz is an established Bitcoin company who specializes in gambling. Incorporating elements from SoftSwiss, Microgaming, Amatic, and Ezugi to deliver a unique Casino interface, Bitstarz has without a doubt achieved not only an engaging gambling interface, but an interactive one at that. Disclaimer: This article was provided by Bitcoin PR Buzz. Bitcoinist is not affiliated with Bitstarz Casino or FENgaming and is not responsible for their products and/or services. Besides Bitcoin, BitStarz also accepts the following payment methods:

    Bitstarz Casino Partners with FENgaming!

    | 2015/05/31 7:00 pm
  • Extending the uses of digital currencies should be the main goal for the digital currency community at this point in time. To help achieve this goal, companies like 12charge.com are hard at work in order to ensure that they come up with exciting ideas, meant to broaden the amount of people who use Bitcoin and other digital currencies. Disclaimer: This article was provided by Bitcoin PR Buzz. Bitcoinist is not affiliated with 12charge and is not

    12charge Allows You to Pay for Utilities and More With Bitcoin

    | 2015/05/31 6:00 pm
  • 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
  • Bitcoin meetup groups are a great way to get together with like-minded people and discuss anything digital currency-related. Not only will you form a circle of new friends, but you will also be treated to a few presentations now and then. For those among us who like a few statistics, let’s take a look at some of the more recent changes and shifts in the Bitcoin meetup “power rankings.” Also read: California Bitcoin Bill May

    Bitcoin Meetup Growth Around The World (April 20th – May 19th 2015)

    | 2015/05/31 8:00 am
  • Chances are that you may have heard about the Nxt Foundation, a non-profit firm that is currently gaining a lot of momentum by promoting Blockchain technology and helping it advance, but also by offering trustless smart contracts alongside with decentralized crowdfunding and a strong open source ethos. Disclaimer: This article was provided by Bitcoin PR Buzz. Bitcoinist is not affiliated with Nxt and is not responsible for its products and/or services. With over 18 months

    Blockchain Platform Nxt Has New Updates in Store

    | 2015/05/30 6:01 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
  • Xapo has announced its latest, bold move to add a few financial and political power players to its advisory board. Xapo will strategically grow its company and services with the expertise of Visa founder Dee Hock, former Citibank CEO John Reed, and former US Treasury Secretary Lawrence Summers. Also Read: Xapo Releases New Comments on BitLicense  On May 26, 2015 Xapo announced the following additions to its advisory board: Dee Hock An expert in payment systems, Dee

    Xapo Selects Three Finance Moguls for Advisory Panel

    | 2015/05/30 8:00 am
  • It has been coming for a long time now, but one of the most notorious trials in the history of Bitcoin has come to a conclusion. Silk Road owner and operator Ross Ulbricht has been found guilty on all charges, and will face a lifetime sentence in prison. Any pleas for leniency have fallen on deaf ears, and U.S. District Judge Katherine Forrest has made an example out of Mr. Ulbricht. Anyone with plans to

    Silk Road Operator Ross Ulbricht Sentenced To Life in Prison

    | 2015/05/29 11:13 pm
  • Earlier today, I had the chance to speak with several merchants accepting Bitcoin payments for a while now. My main concern was whether or Bitcoin is being used by customers on a regular basis, and if so, whether or not there were any noticeable trends occurring. I did learn one thing though, Bitcoin is fine in terms of supporting merchants but needs to convince everyday users to work with digital currency. Also read: Ghent Bitcoincity:

    Bitcoin Usage Low Due To Disinterest From Consumers (Op-Ed)

    | 2015/05/29 7:00 pm