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    Amicus Brief Filed By Bitcoin Foundation Criminal Case

    The Bitcoin Foundation announced Thursday afternoon that they have filed an amicus brief with respect to a criminal case surrounding bitcoin transactions in the state of Florida. Said case involves an individual who has been accused of being an unauthorized money transmitter, in addition to facing two counts...

    Jayanand Sagar | July 31, 2014 | 6:06 pm
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    Jed McCaleb Reveals Stellar, Previously Secret Bitcoin Project

    Remember Jed McCaleb’s Secret Bitcoin Project we wrote about in early February? We’re finally getting some more information about it via a Wall Street Journal report. Before we get in to it, you should probably know who Jed McCaleb is by now. If not, he’s the original founder of...

    Jayanand Sagar | July 31, 2014 | 5:04 pm
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    Overstock.com Poised to Offer Employee Bonuses in Bitcoin

    I think Overstock.com has just taken another huge step forward in the cryptocurrency realm. A report from Mashable indicates that the company is planning to offer its employees the option to accept bonuses in bitcoin. Yes, that’s right, bitcoin. The information allegedly comes from company spokesperson Judd Bagley, who says...

    Jayanand Sagar | July 31, 2014 | 4:33 pm
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    Spreadsheet Shows Which of the Web’s Top Sites Accept Bitcoin

    Here’s a little something you might be interested on this very slow Thursday. On social sharing website Reddit.com, a user has uploaded an interesting spreadsheet. That spreadsheet lists the web’s top one hundred websites, and whether or not they accept bitcoin. The results, as you would expect, aren’t terribly impressive...

    Jayanand Sagar | July 31, 2014 | 1:04 pm
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    WikiLeaks Remained Afloat Thanks Returns on Bitcoin Investments

    WikiLeaks founder Julian Assange has revealed in a new book that his organization managed to stay afloat thanks to “strategic investments” in bitcoin that helped the organization cover piling costs in financial and legal areas, The Daily Dot reports. WikiLeaks — much to the disapproval of world governments —...

    Jayanand Sagar | July 31, 2014 | 10:35 am
  • BitFury Announces Hosted Mining Service

    Cryptocurrency mining hardware manufacturer BitFury on Wednesday announced a hosted mining service that will be available to all business customers (as opposed to a select few, we imagine). The company, which recently launched a seed investment fund, says that some 40 percent of all bitcoins are mined using...

    Jayanand Sagar | July 30, 2014 | 6:13 pm
  • First Data Agrees to Acquire Gyft

    First Data, a global leader in payment technologies and services has agreed to purchase electronic gift card retailer Gyft, a start-up which has risen to fame in the bitcoin community for allowing consumers to purchase store gift cards using digital currency. Financial terms of the deal have not...

    Jayanand Sagar | July 30, 2014 | 5:11 pm
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    Tokyo Police Will Be Investigating Missing Mt. Gox Bitcoins

    The Tokyo Metropolitan Police Department is reportedly actively investigating the disappearance of a large volume of bitcoins from the Mt. Gox exchange, which collapse disastrously earlier this year. “We decided to launch an investigation as we concluded this case could be connected to criminal activity,” a spokesperson for...

    Jayanand Sagar | July 30, 2014 | 3:29 pm
  • Bitcoin Foundation Reveals New Branding, Website

    The Bitcoin Foundation — the organization with the aim to promote and protect bitcoin — has revealed new branding and a new website Wednesday in what the organization says is an effort to “focus on the power of Bitcoin to unlock potential for global financial inclusion, stable money supply in...

    Jayanand Sagar | July 30, 2014 | 2:05 pm
  • Wikimedia Foundation Opens Up to Bitcoin Donations

    The Wikimedia Foundation is now accepting bitcoin donations, according to a newly-published blog post on Wednesday. The news comes several months following the Foundation — which runs the web’s most popular encyclopedia, Wikipedia — was mulling bitcoin acceptance, but was said to have reservations. Wikimedia Chairman Jimmy Wales...

    Jayanand Sagar | July 30, 2014 | 1:11 pm

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