Bitcoin Foundation puts New York on the spot over BitLicense proposal

The foundation proposes an exhaustive cycle of drafts, comment periods, re-drafts, and more comment periods in order to thoroughly vet the proposed regulations.

Global Payments to offer bitcoin acceptance

Payment solution provider Global Payments Inc. announced that it has signed a referral agreement with BitPay that will allow Global Payments to incorporate cryptocurrency into its product suite and to offer bitcoin payment acceptance to its worldwide merchants.

Coveted Bitcoin domain sold for $1.1 million

The owner of a cryptocurrency mining equipment seller has purchased the coveted domain, according to multiple reports. Josh Garza, CEO of Conn.-based GAWMiners, bought the domain for $1.1 million from Domain Guardians, which advertises itself as a boutique domain...

BitPay offers merchants free, basic payment processing

Bitcoin processor BitPay this week announced it is offering merchants free, basic payment processing, the company wrote in its blog. "Our free processing allows merchants to use any plugin, API or app from BitPay's library and grants them access to...

German Bitcoin ATM-maker will go big in the US with 1,000 deployments

By bringing its product into the U.S. market, BitXatm hopes to demonstrate stability of the Bitcoin system and stimulate mass adoption of cryptocurrency.

Risk management company expands coverage of AML product for cryptocurrencies

IdentityMind Global, a provider of risk management and payments products, announced today in a press release the international expansion of its anti-money laundering solution for Bitcoin and altcoins, including their low-cost Ignite program for Bitcoin startup companies. With its newly...

BritCoin the latest virtual currency to make its debut

There's a new virtual currency on the market and it's called BritCoin. William Thomas, who is BritCoin's creator, told the International Business Times in an interview that this new virtual currency is meant to correct some inherent flaws with Bitcoin...

Coinbase makes it easier to refill bitcoin wallet

Bitcoin digital wallet provider Coinbase over the weekend introduced a way for users to refill their account after a purchase, according to a blog post on the company's website. Users can immediately restock their bitcoin wallet from the checkout page when they click the "Repurchase" button after completing an order.

Dell to test bitcoin acceptance

Yet another computer hardware provider is accepting bitcoin as payment. Dell Friday announced on its community blog that it has partnered with Coinbase to accept the virutal currency on its website for both consumer and business purchases. Dell calls this...

New York releases proposed BitLicense regulatory framework for virtual currency firms

Benjamin M. Lawsky, superintendent of financial services, today announced that the New York State Department of Financial Services has issued for public comment a proposed "BitLicense" regulatory framework for New York virtual currency businesses.

French regulators to limit Bitcoin anonymity

French regulators will enforce rules that require entities distributing the popular crypto-currency to confirm the identity of accountholders.

EBA warns banks to stay away from virtual currencies for now

European financial institutions should avoid dealing with virtual currencies such as bitcoin until there are proper regulations in place, the European Banking Authority warned in a document it released on July 4. The authority did admit in the document virutal currencies have their benefits, but the risks involved far outweigh them.

Venture capitalist wins Silk Road Bitcoin auction

Venture capitalist Tim Draper revealed Wednesday that he won last week's US Marshalls auction of some 30,000 bitcoins the agency seized after it shut down Silk Road, an undergroud online marketplace that was notorious for selling illegal drugs. Vaurum, a...

Newegg, 1-800-FLOWERS add bitcoin acceptance

Newegg and 1-800-FLOWERS today revealed in seperate announcements that they now accept bitcoin as a payment option. Newegg, a popular online computer hardware and software retailer, partnered with BitPay to enable bitcoin acceptance.

GAO recommends CFPB examine Bitcoin

The U.S. Government Accountability Office wants the Consumer Financial Protection Bureau to keep a keen eye on Bitcoin and other virtual currencies as their use by consumers continues to grow. The GAO is most concerned about the risks involved with...

BitPay to sponsor college football bowl

College football postseason bowls often carry unusual retailer sponsorships, but the St. Petersburg Bowl just got itself a unique partner that will have many viewers scratching their heads: Bitcoin. BitPay and ESPN Events today announced the bitcoin processor will sponsor...

Digital River's online merchants now can accept bitcoin

Digital River Inc., a global provider of commerce-as-a-service solutions, today announced it has added bitcoin as a payment option for merchants that are selling online in the United States and using its small to mid-sized commerce solution. Bitcoin will now...

Social gifting company eGifter announces new product suite for merchants

Social gifting company eGifter announced today the release of a new digital gift card platform geared specifically for small and medium businesses that works as a hosted solution for both online and brick-and-mortar retailers, according to a press release. The...

Travelers can pay for hotels on Expedia using bitcoin

Add Expedia to the growing list of large online shopping outlets that are now accepting bitcoin to pay for goods and services. The travel site Tuesday announced users can use bitcoin to pay for hotel reservations, according to several published...

BitPay helps Hester Street Fair accept Bitcoin

Digital currency solution provider BitPay has announced a partnership with Hester Street Fair, an outdoor marketplace in New York City. According to the company, many of the fair’s vendors are accepting Bitcoin in hopes of catering to the younger demographic...

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Payments companies make it easier for consumers, merchants to embrace cryptocurrencies