How a Bitcoin Backbone Gives Small Miners a Leg Up: Matt Corrallo’s Relay Network

Bitcoin is designed as a peer-to-peer network, where nodes randomly connect to other nodes. Transactions and blocks are transmitted over this network by these nodes, until each node receives all the latest transactions and blocks. This works quite well, as the distributed model makes Bitcoin relatively censorship-resistant; there is no central point of control to […]

Align Commerce Raises $12.5 Million, Launches Blockchain-based Cross-border B2B Payment System

In April, Bitcoin Magazine reported that global payment provider Align Commerce launched a public beta of its payments platform, the first in the industry to use the Bitcoin blockchain transparently to enable faster and cheaper global payments. Transactions appear as traditional payments at both the sending and the receiving end, but Align Commerce pipes the […]

ePaisa Brings Bitcoin Payments to Merchants Across India

In 2014, Indian prime minister Narendra Modi outlined a vision for a “Digital India,” a place in which all citizens in all parts of the country are connected, informed and part of a global economy. Other hallmarks of this new India would be a transparent government with strong ties to its citizens where government services […]

Coinbase Launches First Bitcoin Debit Card In The U.S.

Coinbase has introduced what it claims is the first U.S.-issued bitcoin debit card, the Shift Card. This is a VISA debit card that allows Coinbase users in 24 U.S. states to spend bitcoin online and offline at more than 38 million merchants worldwide, the company announced on its website. Coinbase noted that merchant adoption of […]

Bitcoin Price Indecision Weighs Down Chart

Bitcoin price was eagerly sold to a low just above $300 before advancing away from it in equally enthusiastic trade. Apparently stuck in a rut above the $300 security blanket level, the market may not move significantly until the Fed fires the lift-off starter-gun in December. This analysis is provided by xbt.social with a 3-hour […]

Hawaii Wary of Bitcoin Legalization

Although a number of proposals have been put forth by bitcoin exchanges, Hawaii’s Division of Financial Institutions is debating if Bitcoin ought to be legal. Hawaii is currently debating proposals put forth by a number of applicants looking to become ‘money transmitters’ or bitcoin exchanges, according to Iris Ikeda, the commissioner of financial institutions in […]