One of the biggest frustrations for bitcoin users is the lack of cryptocurrency-accepting merchants. Even if you have a fortune in bitcoin, actually using it in everyday life ranges from being a huge hassle to completely impossible. Bridging the gap between the existing world of bank and credit-card based currency and bitcoin is the billion-dollar…
In mid-February, Silk Road 2.0 announced that it had lost nearly 4,500 BTC (around $2.6 million) to a transaction malleability attack. As the unofficial successor to the original Silk Road marketplace, which was busted by federal authorities in October of 2013, Silk Road 2.0 was already suffering from serious credibility issues. Not surprisingly, many assumed…
In early April, bitcoin developer Jeff Garzik dropped a few hints that major updates were in the works for the proposed “BitSat” program. The system would put at least one bitcoin node in orbit around the Earth, creating a one-to-many connection for blockchain updates that would be immune to a range of terrestrial peer-to-peer attacks…
In the weeks since a Newsweek cover story by Leah McGrath Goodman claimed that bitcoin’s mysterious creator was 64-year-old computer engineer Dorian Nakamoto, the general consensus is that the once-venerable magazine got it wrong. Instead of unmasking Satoshi Nakamoto, it appears that Newsweek harassed a financially struggling man with severe health issues, making his life…
Bitcoin’s steady march towards Wall Street crossed another milestone today as bitcoin trading platform Atlas ATS announced a deal with the National Stock Exchange (NSX). Although the New Jersey-based NSX is one of the smaller national stock exchanges, averaging less than 1% of the U.S. stock-trading volume, it has the significant advantage of being a…
The Federal Election Commission has carefully avoided making a definitive statement on the legality of bitcoin donations to political candidates. Late last year, the FEC went so far as to say that it would be investigating bitcoin donations before the next mid-term elections, but offered no insight about how current donations should be handled. With…
Denmark’s Liberal Alliance may not be a dominant force in Danish politics, but it is miles ahead of the rest of the political world when it comes to technological innovation. In the tiny town of Hvidovre, the local division of the party will be using a new internal voting system based on bitcoin’s blockchain technology…
Much like how cryptocurrencies are reshaping the definition of money, wearable technologies are rethinking how the real and digital worlds interact. Startup wearable tech company MEVU recently unveiled a new, proof-of-concept bracelet that tracks wrist movements. It’s first real-world application is to serve as a bitcoin wallet that can approve purchases with little more than…
French bitcoin entrepreneurs Thomas France and Eric Larchevêque recently announced the launch of La Maison du Bitcoin (‘The House of Bitcoin’), a cryptocurrency technology and culture hub located in the heart of Paris. Slated to open on May 13, the center will include a meeting, workshop and co-working space for bitcoin startups, as well housing…
In only a few short months of operation, Canadian cryptocurrency exchange Vault of Satoshi has built a reputation for professionalism in an industry still seen by many as the “Wild West” of finance. Last month, the exchange received a full money transmitter license, giving it equal status under Canadian law to a standard international currency…