Tag Archives: Bitcoin

Square now lets sellers accept Bitcoin on their own storefronts

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“Square today announced it has added support for paying with Bitcoin. As a result, buyers can now use the digital currency to purchase goods and services on Square Market, which allows sellers to create an online storefront with online payment processing.  The mobile payment company promises the experience won’t feel any different for sellers and they ‘don’t have to change a thing, except potentially expecting new trailblazing customers and more sales.’  The seller receives the amount of the purchased goods or services in the amount of USD advertised to the sellers’ customer at the time of transaction, and can fulfill their customer’s order.”

http://thenextweb.com/insider/2014/03/31/square-now-lets-sellers-accept-bitcoin-storefronts/

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Pensco Allows Self-Directed IRA Investors To Invest In Bitcoin

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“Since late 2013, PENSCO clients have been able to use their retirement funds to purchase bitcoin via the Bitcoin Investment Trust (BIT). The BIT is a private, open-ended trust that is invested exclusively in bitcoin. The BIT is sponsored by Alternative Currency Asset Management (ACAM), a wholly-owned subsidiary of SecondMarket Holdings, Inc. and is audited by Ernst & Young.  Another potential way PENSCO clients can now use their retirement funds to purchase bitcoin is to establish a legal entity, such as an LLC, and to invest in bitcoin through the LLC. This would allow individuals to hold bitcoin as an investment, while also leveraging the tax-advantaged status of their IRA accounts.”

http://finance.yahoo.com/news/pensco-provides-self-directed-ira-141100087.html

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BitPay Opens European Headquarters in Amsterdam

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“BitPay, the world leader in business solutions for the Bitcoin digital currency, has officially opened its European Headquarters in Amsterdam. This office will handle sales, implementation and merchant support for BitPay’s 7,000 merchants in Europe. Pieter Poorthuis joins BitPay as a Senior Sales Engineer for sales and customer implementations in the Eurozone. Pieter previously managed implementations for ING’s mobile payments products.  Marcel Roelants has also joined BitPay’s Board of Advisors. Marcel is a former General Manager of MasterCard in the Netherlands, and was previously Managing Director of General Electric in Belgium.”

http://finance.yahoo.com/news/bitpay-opens-european-headquarters-amsterdam-133000890.html

BitPay, the world leader in business solutions for the Bitcoin digital currency, has officially opened its European Headquarters in Amsterdam. This office will handle sales, implementation and merchant support for BitPay’s 7,000 merchants in Europe, with the goal of acquiring and serving 30,000 merchants in Europe by the end of 2014.

Moe Levin has joined BitPay as the company’s European Director of Business Development. Moe speaks five languages and has several years of Bitcoin experience, most recently as a conference organizer in Amsterdam and Miami.

“Being Bitcoin ready is about more than accepting bitcoin, it’s about being ready for the future,” says Levin.

Pieter Poorthuis joins BitPay as a Senior Sales Engineer and is responsible for sales and customer implementations in the Eurozone. Pieter previously managed implementations for ING’s mobile payments products.

Marcel Roelants has also joined BitPay’s Board of Advisors. Marcel is a former General Manager of MasterCard in the Netherlands, and was previously Managing Director of General Electric in Belgium where he managed 170 people.

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Sacramento Kings NBA Franchise Launches Bitcoin-Only Online Store

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“The Sacramento Kings NBA Franchise has officially launched a bitcoin-only marketplace on BitDazzle, a purchasing platform for online merchants that specializes in bitcoin.  The news follows the announcement that the Kings would become the first US professional sports team to accept bitcoin this past January, when the team inked a deal with Georgia-based merchant processing specialist BitPay.  The new website, KingsBitcoin.com, is a co-branded effort between the two organisations that will allow Kings fans to purchase gear, merchandise and tickets using bitcoin.”

http://www.coindesk.com/sacramento-kings-nba-franchise-launches-bitcoin-online-store/

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Chicago Sun-Times First Major US Newspaper to Accept Bitcoin

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“Following its successful test with bitcoin micropayments provider BitWall back in February, the Chicago Sun-Times has announced that it has partnered with San Francisco-based bitcoin startup Coinbase to accept bitcoin payments.  That test saw the newspaper receive more than 700 bitcoin donations over a 24-hour trial period in support of the non-profit Taproot foundation, which offers pro-bono service work to organisations tackling social problems.  The announcement makes the Sun-Times the first US newspaper to accept bitcoin as a payment option, a move that editor in chief Jim Kirk indicated was in line with its digital-first promotional strategy.”

http://www.coindesk.com/chicago-sun-times-becomes-first-major-us-newspaper-accept-bitcoin/

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Texas Generally Exempts Bitcoin From Money Transmission Laws

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“The document draws a line of distinction between bitcoins and other digital currencies and sovereign currencies like the dollar. According to the memorandum, digital currencies are not recognized as legal tender in Texas because they lack backing from an institution like a central bank, do not have intrinsic value and do not carry any guarantees of redemption.  Overall, the statements clarify the statutes which govern the establishment of third-party bitcoin exchanges that handle sovereign currencies, providing a clearer path for those who might seek licensure in Texas.  As a result, the exchange of digital currency and sovereign currency does not qualify as a money transmission.”

http://www.coindesk.com/new-texas-memorandum-outlines-initial-bitcoin-exchange-guidelines/

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MtGox CEO ordered to U.S. for questioning on failed bitcoin exchange

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“The chief executive of Japan’s Mt. Gox, once the world’s leading bitcoin exchange, was ordered to the United States to answer questions related to its U.S. bankruptcy case, filed after the company lost $400 million of customers’ digital currency.  U.S. Bankruptcy Judge Stacey Jernigan on Tuesday ordered Mark Karpeles to appear on April 17 in Dallas at the offices of Baker & McKenzie, the law firm that represents Mt. Gox.  Mt. Gox customers want its chief executive and majority owner, Mark Karpeles, to explain why the exchange shut down in February and what happened to their 750,000 bitcoins, which the company said were stolen in a computer hacking attack.”

http://in.reuters.com/article/2014/04/02/bitcoin-mtgox-karpeles-idINDEEA3100V20140402

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Millions of Android downloads infected with cryptocoin-mining code

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“More than a million Android smartphones are mining cryptocoins without the owners’ knowledge, via apps downloaded from Google Play which stealthily incorporate ‘hashing’ software.  Researchers at security company Trend Micro say they have found at least two apps on the Google Play store, Songs and ‘Prized’, which contain code to join any phone that has them to a cryptocoin-mining ‘pool’. Each app has had between 1m and 5m downloads, meaning that up to 10m phones might be affected.  The company also discovered bitcoin-mining code hidden in repackaged versions of Football Manager Handheld and TuneIn Radio outside Google Play.”

http://www.theguardian.com/technology/2014/mar/27/android-bitcoin-dogecoin-mining-malware

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Meet the manic miner who wants to mint 10% of all new bitcoins

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“In a couple of large buildings near the Columbia River in Eastern Washington, where hydroelectricity is cheap and plentiful, Dave Carlson oversees what he says is one of the largest Bitcoin mining operations on the planet.  At any given time, Carlson’s goal is to account for seven to 10 percent of the entire world’s Bitcoin mining as measured by processing or hashing power, he said. The operations are fueled by thousands of mining rigs containing more than 1.4 million BitFury mining chips, while Raspberry Pis loaded with custom software direct traffic on each rig.  MegaBigPower does the biggest portion of its mining on behalf of its primary investor, the BioInfoBank Institute in Poland.”

http://arstechnica.com/information-technology/2014/03/meet-the-manic-miner-who-wants-to-mint-10-of-all-new-bitcoins/

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The Future is Here: Hire a Drone With Bitcoin

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“Here at Drone Hire we’re excited about technology and its potential to help make our world a better place. Two technologies we are particularly excited about are civilian drones and Bitcoin.  So we are incredibly excited to announce that the future is officially here: Not only can you hire a drone operator to do aerial photography, aerial mapping, aerial surveying and a myriad of other services, you can pay them with Bitcoin.  CopterBilde.de, based in Germany, is a drone business that has embraced Bitcoin. Another business which accepts Bitcoin is TurnDriverSide.com, who specialise in motorsports photography. We expect that many others will follow suit this year.”

http://www.dronehire.org/blog/the-future-is-here-hire-a-drone-with-bitcoin

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