BitPay Raises Record $30M in Series A Led by Index Ventures

This morning BitPay, one of the industry’s largest business and payment solutions providers, announced some very big news, bringing sizable implications for the future of Bitcoin as both a payment method and emerging technology. The company announced what has become the record for funding of any business in the Bitcoin space. Led by international venture…

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Bitcoins: Made in China

[Note: click here for a PDF version] Abstract: The discussion over the actual costs of maintaining a decentralized seigniorage network is a new area of research. In practice it appears that the logistical cost of operating the Bitcoin network rises linearly with its total value. More efficient mining gear does not reduce energy use of…

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Bitcoin ATM fever: a list of 8 different machines

The mass adoption of Bitcoin encouraged many tech-savvy entrepreneurs to invest in new types of software and hardware and the many cryptocurrency ATMs spread across the world confirm that tendency. Bitcoin Examiner gathered information about eight different ATMs. Some are more expensive, some offer less possibilities, some have an impressive brand behind them… However, in…

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A New Benchmark for Scrypt Mining

The technology of Scrypt mining ASICs has exploded in the past year and many believe that 2014 will be the year for mining scrypt based currencies like Litecoin, Dogecoin and Auroracoin. For a company like Bliss Devices, these advancements are providing individuals with innovative chips, faster hashing and lower cost of ownership. In fact, Bliss…

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Storage Meets Usage with New Bitcoin Development

The latest Bitcoin development just might revolutionize the popular cryptocurrency, fueling the largest cryptocurrency network. Last week, a company known for offering a secure place for customers to safely store their bitcoins has expanded into new territory. In the past, Xapo’s objective has been to build trust in the cryptocurrency industry by providing a secure…

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The Right Kind of Privacy

Bitcoin is unique in its approach to privacy. Uneducated observers lament its advantages for illicit activities, but the blockchain keeps track of every transaction and who has how much coin. The revolutionary part of this system is the fact that one must divulge his or her Bitcoin address to lose anonymity, which leaves us with…

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Bitcoin the Environmentalist

A lot has been made of Bitcoin’s environmental impact. With the mining network now more powerful than all of the world’s top supercomputers combined, it’s understandable that some people would become concerned about power consumption and waste. Shouldn’t there be a better way to do this, and is it even worth it, at all? First,…

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An Open Source World

“If you can, you should.” Never has this phrase been more applicable than in the realm of open source technology. For those not in the know, “open source” refers to any code or blueprint that has been deliberately made available for reproduction–basically, one not subject to copyright restrictions. Bitcoin, of course, is a prime example.…

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What is a Bitcoin Address and How Do You Sign It?

Short Answer: A Bitcoin address is a unique number that “holds” bitcoin currency. You use the address to receive and send bitcoins. Medium Sized Answer: A Bitcoin address is the public key half of the public-private key pair that enables the validation of ownership of that address. WHOAH there, what in tarnation does that mean??…

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Chinese musician releases Bitcoin song while China forces media to ignore summit

Zhang Zhang clearly does not share the same vision as the Chinese financial authorities when it comes to Bitcoin. The Chinese musician recently released a new very special song entitled “We are all Bitcoin”, promoting the world’s most famous cryptocurrency in a country that has been sending mixed messages regarding the legality of digital money.…

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