Bitcoin Shows Off

Movements succeed with numbers. Many people must partake to create the change we want to see. Bitcoin has come a long way since its introduction in 2009, and we are currently in mainstream media almost daily. Both the American and Canadian Senates are investigating our beloved virtual currency. However, we still have a long way…

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Federal Reserve’s Bitcoin Policy Begins to Take Shape

On Friday, May 9th, 2014, the Federal Advisory Council and Board of Governors of the Federal Reserve met for their quarterly meeting in Washington D.C. This meeting was historically held in secrecy until Bloomberg News “won” a Freedom of Information Act request under the Freedom of Information Law requiring the Fed to make the meetings…

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Bitcoin ATM Genesis1 lands in Queensland

Queensland-based Bitcoiners can already buy and sell cryptocurrency without leaving the Australian state thanks to the new Bitcoin ATM that was recently installed in South Brisbane. The machine, which can be found at The Roastery Cafe (25, Glenelg Street), is a Genesis1, manufactured by GenesisCoin. ”There’s a lot of people who have been waiting for this. There’s Bitcoiniacs who have…

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The Future of Touchless Payments – Why iBeacon Technology Needs Bitcoin

Apple released a device update weeks ago that made large improvements on existing iBeacon technology. The update allows devices to search for existing beacons without the application being open on the device, while also enabling nearly all iOS7 devices to send and receive beacon signals. This means that retailers can send messages to customers, accept…

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BitPay helps Toshiba VisualTouch POS system to accept Bitcoin

The world leader in business solutions for the Bitcoin economy, BitPay, has partnered with VisualTouch, Toshiba’s premiere POS software solution, currently used by more than 6,000 merchants spread across 1,600 locations. The integration with the point of sale system will allow cryptocurrency to reach thousands of new businesses and even more users in the hospitality, food, grocery,…

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A Ripple Gateway in Mexico

Mexican Bitcoin Exhange Bitso has officially launched as the first Ripple Gateway in Mexico. Bitso will be the first issuer of Mexican Peso (MXN) balances on the Ripple Network. The company intends to use the unique characteristics of the Ripple network and protocol to tackle the remittance market between Mexico and the US. Bitso is…

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With Buy Ads, Mycelium Local Trader Becomes a Fully Functional Exchange

Mycelium has recently come out with a feature for their Android wallets called Local Trader, which allows people to buy and sell bitcoins locally, in person, with cash. Initially, the trades were limited to sell ads, meaning people willing to sell bitcoins could put up an ad, and those wishing to buy bitcoins could contact…

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Thinking in Transactions

This post is also in issue 18. Every Bitcoin transaction runs a small program that describes under which conditions the transaction is valid. This surprising behavior can be exploited to construct a variety of contracts on top of bitcoin. In this article you will learn how basic transaction scripts work in principle. A new transaction…

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Bank of Canada’s newest report says Bitcoin can bring “risks to overall financial stability”

A new report released by the Bank of Canada (BoC), the country’s financial authority, launched the latest warning against Bitcoin: according to the document, the widespread adoption of the world’s most famous cryptocurrency could undermine the stability of the current financial system. The authors of the report, entitled “Understanding Platform Based Digital Currencies”, believe “there could be…

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