Blockchain Blog

Bitcoin News for the week of 2/2/15

Welcome to our weekly Bitcoin news recap, where we cover top headlines and stories in the world of Bitcoin each week. In this week’s headlines, we have a first for San Francisco, with Nakamoto’s retail store opening to the public on Mission Street, and another profile in our Meet the Team series, where we profile Ken Andrew, Blockchain’s QA Lead. Get this bitcoin news and more, below!

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Nakamoto’s is located at 2415 Mission Street, San Francisco, CA 94110, USA

San Francisco’s First Bitcoin Retail Store

Nakamoto’s is the city’s, and potentially, the world’s first Bitcoin centric retail space where customers will receive eye opening discounts on all products for purchasing in Bitcoin. Think along the lines of 10% off Amazon 100% of the time.

RuneScape Now Takes bitcoin

Jagex Games Studio–creator and custodian of the fantasy MMORPG, RuneScape–has announced that they will be accepting Bitcoin payments for their games. As vanguards of new transaction models throughout their time in business, Jagex will now become the first merchant to partner with BitPay and Adyen to accept bitcoins. In doing so, the company will join the growing number of businesses attracted to the benefits of peer-to-peer, borderless, and charge free payment methods offered by a cryptocurrency.

SFX.io; “Bitcoin Could Change How We Pay For Music Online”

“Bitcoin digitizes the busking experience. I love to think of the subway musicians in New York who puts out a guitar case to collect tips and sell albums. Bitcoin can take this experience and put it online, globally,” said SFX.io founder Clay Kohut.

Tech Visionaries Predict One Global Cryptocurrency: Bitcoin

Reid Hoffman can spot a technology trend. The founder of LinkedIn worked at Apple, was on the board during the funding of PayPal — and his first company, SocialNet.com, was a social network before social networks were cool. He’s invested in Facebook, Airbnb, Flickr and many others. Needless to say, his appearance at the Bitcoin & the Blockchain summit in San Francisco was the highlight of the event for many attendees.

Blockchain API Profile: Onename

The potential of blockchain technology is not limited to transacting bitcoin or currency. The creators of Onename envision their product as a privacy-conscious digital passport used for an assortment of activities that require you to verify your identity online.

Bitcoin’s Big Opportunity In Africa

In Kenya, a new breed of African tech startups is deciding what role new currencies will play in East Africa’s powerhouse economy.

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Venture Capital graphic part of BitPay.com 2014 “Bitcoin and BitPay in 2014”

Bitcoin and BitPay in 2014

Congratulations to our friends over at BitPay, who had a fantastic 2014 year. They put together an infographic to show just how stellar the year 2014 was for Bitcoin and BitPay. It was an amazing year, and we can’t wait to see how 2015 pans out.

Video: Andreas Antonopoulos Talks ‘Mastering Bitcoin’

Andreas Antonopoulos has long been one of the more well-respected names in the bitcoin and wider digital currency ecosystem. In this video, Antonopoulos is interviewed about a range of subjects, from his new book Mastering Bitcoin to why he still thinks a hands-on approach is the best way to expand the digital currency’s popularity.

New Hampshire Considering Bitcoin for Tax Payments

A new bill proposed in New Hampshire could obligate the state treasury to draw up plans to accept Bitcoin as payment for taxes. Proposed by independent Republican representative for New Hampshire, Eric Schleien, bill HR552 would obligate the state’s treasurer to “develop an implementation plan for the state to accept bitcoin as payment for taxes and fees beginning July 1, 2017.”

Breaking Down New York’s Latest BitLicense Revision

The New York State Department of Financial Services (NYDFS) released the latest version of of its BitLicense proposal today, an event that sets off another 30-day comment period before the much-anticipated regulation can be finalized.

Italy’s Central Bank Addresses ECB, Clarifies Bitcoin’s Legal Status

Italy’s Financial Intelligence Unit (FIU), an organ of the Central Bank in charge of combating money laundering and terrorist financing, issued a statement warning digital currency businesses to stay vigilant regarding suspicious activities due to the lack of AML/KYC requirements for Italian companies.

Meet the Team: Interview with Ken Andrew, Blockchain’s QA Lead

Our next interview features a chat with soft-spoken and eloquent QA lead, Ken Andrew, where he and I discuss his career path, Portland versus New York City, his creative side and whether I can convince him to make me a sweet leather handbag.

Inside the Chinese Bitcoin Mine That’s Making $1.5M a Month

Motherboard gained access to a massive, secretive Bitcoin mine housed within a repurposed factory in the Liaoning Province in rural northeast China. The mine we visited is just one of six sites owned by a secretive group of four people, part of a colossal mining operation that, as of our visit, cumulatively generated 4,050 bitcoins a month, equivalent to a monthly gross of $1.5 million.