• “Rakuten’s mission is to empower the world through the Internet,” commented Yaz Iida, President of Rakuten USA. “Not only can bitcoin support this vision by helping our merchants better compete globally, but it also has the potential to benefit society by enhancing the security, privacy, and convenience of financial transactions.” Rakuten, a giant in Japan’s business world, will now allow US customers to pay for items on its website, Rakuten.com (formerly buy.com), which offers almost

    Rakuten Brings Shopping With Bitcoin To US Customers

    | 2015/03/21 8:00 am
  • One of the most interesting stories of 2015 has been the SaruTobi iOS game, which lets players earn Bitcoin as they progress through the game. In fact, so many people have played this game in order to get their hands on some chunks of Bitcoin that it caught the attention of Apple themselves. And not in a good way mind you, as SaruTobi has been pulled from the Apple App Store. Odd Timing for Removal

    Apple Removes SaruTobi Bitcoin Game From App Store

    | 2015/03/20 7:00 am
  • Poland based start-up Cryptosteel is taking Bitcoin key storage to a whole new level of safety. Cryptosteel is an offline cold wallet solution that allows you to record your private data and avoid having to share it with a third­-party. Cryptosteel touts itself as the indestructible, stainless-steel wallet that lets you safely store your Bitcoins worry-free. Also Read:  Burst: Decentralized File Storage – Exclusive Interview Founder Wojciech Stopinski has combined his passion for Bitcoin and his

    Introducing Cryptosteel: The World’s Safest Cold Wallet Storage

    | 2015/03/19 9:00 pm
  • Coinapult announced that they have had their hot bitcoin wallet compromised.   The amount of BTC they said is 150 coins.  The hack comes on the heels of their deal with Factom.  Bitcoinist covered the news on their deal. Also Read:  Factom Partners With Coinapult As It Preps Software Sale From the article about their working with Factom. Coinapult CEO, Ira Miller, had the following to say: Coinapult melds trustless, blockchain-based tokens like Bitcoin with

    Coinapult Report 150 Bitcoins Stolen From Their Hot Wallet

    | 2015/03/17 10:20 pm
  • Opening Keynote by Chris Odom   Chris Odom, the co-founder and CTO of Monetas, kicked off the Inside Bitcoins conference with his keynote, “A Practical Distribution of Risk.” He talked about the current state of Bitcoin, the problems it faces, and his company, Monetas, hopes to solve these problems. According to Odom, one of the main problems Bitcoin has is how people have assumed that Bitcoin is trustless without examining the claim with with a critical and professional

    Inside Bitcoins Berlin 2015 – Video Broadcast

    | 2015/03/14 4:45 am
  • The 2015 Texas Bitcoin Conference will showcase a keynote delivered by George Gilder, who will discuss themes from his upcoming book, Bitcoin & Gold: Information Theory of Money. The conference will take place March 27 through 29 at the Moody Theater in downtown Austin. In his 17th book: Bitcoin & Gold: Information Theory of Money, Gilder advances his view of the existence of a disconnection between the needs of players in the global financial markets

    Texas Bitcoin Conference: The Information Theory of Money

    | 2015/03/13 3:00 pm
  • Tradle and Factom have partnered to deliver connected, blockchain-based economies of scale. This collaboration will leverage Tradle’s supply chain model with Factom’s data layer on the blockchain to provide organizations in the finance, manufacturing, distribution, and wholesale industries with the efficient means of verifying processes and coordinating activities. Also read: Factom And Tether Announce Partnership David Johnston, Chairman of the Factom Foundation Board of Directors, commented on the partnership, stating: “We are excited that Tradle has chosen Factom

    Tradle and Factom: Delivering Blockchain Economies Of Scale

    | 2015/03/13 8:00 am
  • Want to start a new Bitcoin business in California? A new legislative proposal may make you think twice. On February 27, 2015 AB 1326, was introduced by Matt Dababneh as part of the Money Transmission Act. As an Assembly member, Matt Dababneh represents the Banking and Finance Committee as Chairman. He and the state of California want you to pay $5,000 just to start your business and be considered a legal operation. Also Read:  OP-ED:

    California Bitcoin Bill May Pose Problems For Startups

    | 2015/03/12 9:00 pm
  • Since its founding in 2013, ShapeShift has gained popularity because of its speed and privacy. Despite its success, little was known about the company or the people behind it. Now, though, the exchange has announced the true identity of its founder and CEO: Erik Voorhees, prominent Bitcoin entrepreneur. Also Read:  Shapeshift.io launches Lens Tool Extension for Firefox In addition to this news, ShapeShift annoucned that it raised £525k (563,745 USD) from Barry Silbert and Roger Ver. “Why the

    ShapeShift Raises £525k, Reveals its Mysterious Creator

    | 2015/03/11 8:00 am
  • Silicon Valley startup 21 Inc., a company that’s managed to stay in the shadows, for the most part, announced it has raised $116 million in venture funding. Formally known as 21e6, 21 Inc. raised the most funding by any startup in the digital-currency sector, based on data from Coindesk. Two years ago under the name 21e6, the company was able to raise $5 million in venture capital. 21 Inc Emerges From The Shadows Silicon Valley

    21 Inc. Breaks Venture Bitcoin Funding Record

    | 2015/03/10 11:11 pm
  •  Bitcoin 2.0 has emerged from the altcoin craze and is offering interesting new applications for Bitcoin. These are projects and companies  are looking to capitalize on Bitcoin’s distributed network and build non-financial applications. Moving on from use cases derived from the technology’s currency and payment network, these groups are looking to use the “written in Stone” qualities of Bitcoin’s global ledger, the blockchain. Out of the numerous projects and companies that have popped up, Tether

    Factom And Tether Announce Partnership

    | 2015/03/10 8:00 am
  • At the end of 2014, I published a two-part summary on the state of Bitcoin. In the first part of that report, I argued that the 2013 bitcoin price peak was actually an artificial bubble created by fraudulent trading bots on the now-defunct Mt. Gox bitcoin exchange. Furthermore, I argued that the year-long downtrend of 2014 was a symptom of the correction of the artificial Gox bubble; once Gox shut down in early 2014, the

    Review of Bitcoin in The First Two Months of 2015

    | 2015/03/09 9:00 pm
  • This author’s views do not necessarily reflect those of Bitcoinist.net. In early February, the New York Department of Financial Services (NYDFS) released their revised BitLicense proposal to the public. This revision took place following a 90 day public commenting period for the first BitLicense draft held by the department during the latter part of 2014. Recently, the Department has opened up an additional 30-day commenting period for the revised draft, in which anyone can submit

    Bitcoinist Assistant Editor’s Formal BitLicense Comment

    | 2015/03/09 3:00 pm
  • On February 4th, Ross Ulbricht was found guilty and convicted of owning and operating the online drug marketplace Silk Road. On hearing evidence brought by the FBI and DHS, a jury took less than three hours to find Ulbricht guilty of all seven charges levied against him. These charges include Narcotics trafficking conspiracy, running a criminal enterprise, computer hacking conspiracy, and money laundering conspiracy. Now Mr.Ulbricht’s defense attorneys are seeking a new trial based on

    Silk Road Defendant, Ross Ulbricht Demands A New Trial

    | 2015/03/09 12:00 pm
  • This author’s views do not necessarily reflect those of Bitcoinist.net. Right now, the New York Department of Financial Services (NYDFS) is holding a 30-day public commenting period for the revised draft of its BitLicense regulation. By now, everyone in the Bitcoin community probably knows what BitLicense is; all cryptocurrency businesses in the state of New York that fall under the regulation’s jurisdiction must apply for a special license in order to operate in the state.

    OP-ED: BitLicense’s Superficial Changes

    | 2015/03/08 12:00 pm
  • The MIT Bitcoin Expo 2015 organized by The MIT Bitcoin Club is happening this weekend. March 7th and March 8th respectively. For more information please visit: http://mitbitcoinexpo.org Follow up and share your thoughts in the comments section!

    MIT Bitcoin Expo 2015 Day 1 LIVE STREAM!

    | 2015/03/07 10:59 pm
  • Unlike in 2014, when the talk on cryptocurrencies was given just one panel, it was decided by this year’s ICE Totally Gaming Conference organizers that Bitcoin and altcoins deserve a separate day to be discussed and hold presentations on, and so it happened: on February 3 the conference room initially meant for hundred participants was full. The list of attendees included angel investor Roger Ver, and Jon Matonis, formerly known as Bitcoin Foundation executive director. Giving

    ICE Conference 2015: Arrival of Cryptocurrencies Into Online Gambling is Inevitable

    | 2015/03/06 6:50 pm
  • Kraken, a popular bitcoin exchange, has announced that they will be redesigning their website as the exchange comes closer to implementing margin trading. Kraken seeks to make their website more intuitive and friendly to newer users. The company will be focusing on making their design simpler and making it easier sign up to and learn how to trade on the website. The new design is set to implemented in “the next few days.” The company will be removing the

    Bitcoin Exchange Kraken Revamps Their Website for Margin Trading

    | 2015/03/06 8:00 am
  • Editor’s note: We have edited this article to fix a mistake in our reporting. Previously, we said that Aaron Koenig made the popular Bitcoin documentary, “The Rise and Rise of Bitcoin.” We have changed that statement to say that he contributed to the film’s production.  First day of Inside Bitcoins Berlin: Extremely Interesting When we arrived at the conference this morning, we were not sure how many people that would be attending. Initially, we thought that many

    Day One Summary of Inside Bitcoins Berlin

    | 2015/03/05 6:23 pm
  • The Virtex bitcoin exchange has recently put its trading API offline without warning, and has left many customers without access to the funds they had in their trading accounts. One customer contacted Bitconist.net saying that he had $10,000 USD in a Virtex trading account that he could not withdraw when the exchange unexpectedly shut down. In addition to the offline API, the Virtex website is no longer available. When trying to visit the website, we were

    Virtex Shuts Down Unexpectedly, Customers Lose Funds

    | 2015/03/05 6:07 am
  • In the summer of 2014 Coinbase, a bitcoin wallet and exchange service, proposed changes to the BitLicense draft, which was proposed by the New York State Department of Financial Services (NYDFS). The bill was opened up to a 30-day comment period at which time Coinbase submitted a 15 page proposal for changes to the draft. In December, the NYDFS’s released its revised BitLicense, and while many agree it’s a step in the right direction, Coinbase

    BitLicense: Breaking Down the Revisions

    | 2015/03/03 9:00 pm