A new bitcoin ATM with point-of-sale functionality by German startup BitXatm was unveiled this week. Named the Sumo Pro, the ATM boasts an easy solution for merchants to would like to integrate bitcoin payments into their existing POS systems through a printable QR code. The ATM also has the ability to work with standard fiat…
Computer security specialists and IT managers the world over have been racing to implement emergency fixes today for the “Heartbleed” security flaw in the popular OpenSSL cryptographic software library. The bug allows an attacker to gather data in 64 kilobyte blocks, slowly gathering a wealth of theoretically encrypted data. Although the most likely targets of…
If there was a single roadblock to mainstream bitcoin adoption, it would be the limited point of sale (POS) options. Even for a relatively tech-savvy person, bitcoin transactions in their current form can be a little on the awkward side, involving smartphones, wireless connections, QR codes and confirmation delays. For the average person, swiping a…
Last year, Bitcoin Core developer Jeff Garzik began talking publicly about plans to launch a small commercial satellite to serve as an orbiting bitcoin node. The idea was to provide a one-to-many solution for peer-to-peer network attacks, such as Sybil attacks, which are likely to increase as bitcoin becomes more popular. Even with a relatively…
Hong Kong-based bitcoin trading, futures and options platform Bitfinex announced to day the results of an independent audit by Ripple Labs CTO Stefan Thomas. According to the audit, Bitfinex was in full possession of all claimed funds, and has BTC reserves equaling 102.82% of all required holdings. The audit did not examine any part of…
After 18 months as the Chief Scientist of the Bitcoin Foundation, Massachusetts-based developer Gavin Andresen is handing over the reigns to Netherlands-based developer Wladimir van der Laan. In a post on the official Bitcoin Foundation blog published today, Andresen explained that he wasn’t leaving the project, simply stepping back from the lead technical position in…
Although it’s not in the big leagues with Yahoo, Bing and Google, search engine DuckDuckGo has established a nice for itself among privacy-minded web users thanks to its “no tracking” policy. Not surprisingly, the search engine has a loyal following in the privacy-minded bitcoin community. Over the weekend, DuckDuckGo took a step aimed at formalizing…
In the summer of 2012, the Canadian government and the Royal Canadian Mint announced a new, experimental digital payment system called MintChip. Although it was fundamentally different from bitcoin and the new crop of alt-coins that were only just beginning to generate a buzz in the online community, MintChip was an unusually progressive financial experiment…
It’s no secret that Apple has taken a skeptical attitude towards bitcoin apps. The iPhone maker has removed all bitcoin wallet apps from their App Store in recent months, usually with no prior notice and citing vague “unresolved issues.” There has been endless speculation about the underlying reasons for the de facto bitcoin ban, ranging…
On March 28, bitcoin-based stock exchange Havelock Investments froze trading on Neo & Bee (NEOBEE) shares, citing a “high possibility of questionable trading activity.” Shortly thereafter, it became clear that rumors of Neo & Bee’s financial troubles were founded, and were later confirmed by CEO Danny Brewster. With the company shuttered in Cyprus and facing…