If Lamassu has its way, bitcoin ATMs may soon be seen as more than a novel way to purchase digital currency. The ATM maker has released a new, open-source software platform today via GitHub that allows ATM owners to set their machines up as airport-style cash exchanges, bill-payment kiosks and remittance terminals, in addition to…
This morning, Coinbase unveiled a product called “The Vault.” As the name implies, the service adds a wealth of options for customers looking for long-term, high-security bitcoin storage solutions. Using a similar interface to Coinbase’s popular online wallet, Vault accounts allow for timed-locked withdrawals, multiple withdrawal approvals. Unlike Coinbase’s current simple two-factor-authentication user-verification system, Vault…
The Wall Street Journal reports today that Russia’s longstanding hostility to bitcoin may be easing. The paper reports that the Bank of Russia has altered its policies, and will no longer restrict the use of virtual currencies. Earlier this year, the Russian Prosecutor General’s Office declared bitcoin to be an illegal form of currency, and…
Earlier today, venture capitalist and angel investor Tim Draper announced that he was the sole winner of the nearly 30,000 BTC auction of bitcoins seized from the Silk Road. Draper’s firm, Draper Fisher Jurvetson, is extremely well known in investment circles, backing high-profile projects like Skype, Hotmail and Tesla Motors long before they were known…
In a brief email sent to media outlets and interested parties, the U.S. Marshal Service announced this afternoon that all 29,656 bitcoin being auctioned off had been awarded to a single buyer. “The US Marshals Bitcoin auction resulted in one winning bidder. The transfer of the bitcoins to the winner was completed today.” Neither the…
It’s no secret that print publications are struggling to remain relevant in an era of mobile-optimized websites, multimedia and social-networking based services like Twitter. But just because you’re struggling doesn’t mean you can’t innovate. The Chicago Sun-Times recently announced that it would be experimenting with a new ad allowing users to directly purchase tickets to…
While the tech world was all abuzz with the news that Newegg is now accepting bitcoin, Coinbase quietly announced a partnership with an eye towards the mainstream audience: 1-800-FLOWERS. The floral and gift delivery service isn’t exactly small a mom-and-pop flower shop, with a net revenue of $735 million in 2013. Perhaps more importantly, however,…
Created by CERN scientists in the wake of the NSA’s international computer-based spying campaign, ProtonMail is rather hard to cast as a criminally minded project. It exists largely to protect users from having their private emails read by anyone other than the intended recipient, encrypting the email in the browser itself. Given the huge need…
Online technology retailer Newegg joined the ranks of bitcoin-accepting businesses today, adding payment support to their shopping card and announcing the new option on their homepage. With $2.8 billion in annual revenue, Newegg is nearly twice as large as bitcoin-friendly online retailer Overstock.com, and is generally thought to have greater sales volume than rival tech…
In a patent filed on June 19, credit card industry giant MasterCard hinted at a potential future adoption of bitcoin as a payment method. The patent, which outlines a “global shopping cart and a method for its use,” isn’t specific to bitcoin, and only mentions the cryptocurrency a handful of times, but it does clearly…