The Bitcoin Foundation’s Financial Standards Working Group has shed new light on its priorities for the next six months, announcing it will attempt to standardise bitcoin’s code, currency symbol and subunits over that period. The group’s formal plan of action follows its first emergence as an unnamed standards committee this June, when a post on the Bitcoin Foundation community forum called for volunteers for the … Continue reading Bitcoin News: Bitcoin Symbol and Code to Be Standardised soon

Portuguese manufacturer Bitcoin Já launched its first Bitcoin ATM in Lisbon over the weekend. The company is a brand new name in the world of bitcoin ATMs, so this is not only its first bitcoin machine in Portugal, but also the world. The launch of the ‘BJATM1’ model took place at the ATM’s permanent location, Lisbon’s @Cinema theatre, on Saturday, 4th October. Bitcoin Já describes … Continue reading Bitcoin News: Bitcoin Já Launches New Bitcoin ATM

The Ministry of Finance of the Russian Federation has released the full version of the draft bill that, if passed in current form, would effectively ban the creation and distribution of software that allows for the use of money substitutes, including bitcoin and all digital currencies. First announced as a proposal in August, the news marks the first time that the Ministry of Finance has … Continue reading Bitcoin News: Russia Proposes Monetary Penalties on Bitcoin Usage

Though undeniably popular with its ardent supporters, bitcoin is arguably still searching for a practical application that makes it indispensable to mainstream users. That doesn’t mean there aren’t real use cases for bitcoin that could bring the kind of payments revolution many in the industry are hoping to achieve, though. Being both digital and decentralized, bitcoin is already a globalized electronic currency that operates across … Continue reading Bitcoin Speculation: Analysing Bitcoin’s Potential in Travel Industry

The past weekend rounded up the recent trend of brutally high-volume selling on Chinese bitcoin exchanges. On 28th September, bitcoin dropped to a new five-month low of $372.35. The previous record low for Coindesk’s Bitcoin Price Index (BPI), is the six-month bottom reached on 10th April at $360.84. Meanwhile, trading volumes touched historical highs for the third consecutive week, with 73.8% of bitcoins traded over … Continue reading Bitcoin News: Projecting Next Price Rise For Bitcoins

A new project that transmits bitcoin payments over the radio is up and running in Finland – and it’s also transmitting a national Finnish cryptocurrency at the same time. Kryptoradio is a data transmission protocol designed to transmit low-bandwidth information over one-way digital broadcast networks. Joel Lehtonen, the project’s founder, said he is focused on using Kryptoradio to transmit block chain information. The project is … Continue reading Bitcoin News: In Finland, Bitcoins Can Be Transmitted Through Radio Now