Bitcoin Exchange itBit Hires NYDFS Lawyer for Compliance Role
ItBit has hired former NYDFS general counsel Daniel “Danny” Alter as its general counsel and chief compliance officer.
Proposed California Bitcoin Bill Adds New Reporting Requirements
The California Senate Appropriations Committee has voted 6-1 to advance a bill that would create a licensing regime for bitcoin companies.
DigitalBTC Reports $6.77 Million First Year Net Loss; Management Nonetheless Bullish
DigitalBTC, the Australia-based miner, has reported a first-year net loss of $6.77 million on annual mining revenue of $6.4 million, according to zdnet.com. The company nonetheless claims to be very bullish on bitcoin. The company, which trades as Digital CC Limited on the Australian Securities Exchange (ASX), reported negative earnings before interest, tax, depreciation, and […]
Bitcoin Price Coiling Up Tighter
Bitcoin price is maintaining an east-bound course as we start counting weeks and not days in this nondescript pattern. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis Time of analysis: […]
BitStarz Player Wins €51,438. And Breaks The Bitcoin Casino’s Single Win Record
This is a Bitcoin Press Release. A Star is born! Friday, 28 August 2015 started out just like any other, until with a single deposit of €200, a BitStarz player WON an incredible €51,438.47. It is with great pride that BitStarz has recognized Rebecca as their single largest winner to date. Deciding to test the […]
Paymium Raises €1 Million to Boost Bitcoin Merchant Onboarding
Bitcoin payments services startup Paymium has raised €1m in new seed funding from investors including Newfund and Kima Ventures.
Blythe Masters and Wall Street Opt for ‘Permissioned’ Non-Bitcoin Blockchains
Major banks and mainstream financial institutions are warming up to the blockchain technology that powers Bitcoin, and launching internal experiments and pilot projects to find out how they can use the blockchain. However, most banks frown at the chaotic anarchy of public “permissionless ledgers” like the Bitcoin blockchain, where any individual anonymous user can join […]
Coinbase Expands to Canada and Singapore to ‘Spur Mainstream Bitcoin Adoption’
Leading bitcoin exchange and wallet provider Coinbase has expanded its services to Canada and Singapore as a part of its project to expand their services globally. Now, consumers in Singapore are able to buy and sell bitcoin for Singapore dollars through Coinbase. This follows the company’s announcement from ealier this week that Coinbase users based […]
UPDATED: Bitcoin Businesses Take Steps to Prepare for CoinWallet’s September Stress Test
Updated on 9/2/2015 at 11:43 EST: As of September 2, transaction rates indicate that the stress test by CoinWallet has likely begun. At time of writing, over 23,000 transactions were waiting to be confirmed by the network. Bitcoin Magazine will continue to monitor the network status and provide updates. CoinWallet, the U.K.-based Bitcoin mining and wallet business has […]
BitGold Enables Gold Savings through a New App and Global Network
BitGold designed a new software that automatically links buyers to bullion dealers and storage companies. With this move, the company makes it easier for people to own gold as a hedge against inflation and as a store of value. The Toronto-based company began offering its service to the public in May and had already racked up […]