The Chamber of Digital Commerce (CDC) has revealed that it intends to form a political action committee (PAC) to help further the interests of the bitcoin industry in Washington, DC. The government affairs office, led by bitcoin advocate Perianne Boring , first filed with the Federal Election Commission…

bitcoin mining usb Consolidation is not uncommon in new, emerging industries and bitcoin mining is no exception. However, like all things bitcoin, it is moving at a somewhat faster pace than consolidation in traditional industries. The sector of the industry is becoming increasingly diverse and…

New York’s proposed bitcoin regulations have been the subject of increasing criticism in recent weeks, with a wide variety of industry leaders coming forward to criticize the laws for their lack of clarity and for putting up unnecessary obstacles to the ecosysem’s future growth. One…

Korbit has announced a $3m Series A funding round, led by Softbank’s VC arm Softbank Ventures Korea. The round included  Pantera Capital  and  BAM Ventures , as well as investors and funds previously associated with the company; Barry Silbert’s Bitcoin Opportunity Corp , Tim Draper, Pietro…

An alliance of local African free-market pioneers that formed to promote bitcoin’s economic benefits has put its campaign on hold to join the fight against Ebola, the virus currently ravaging parts of West Africa. The Sierra Leone Liberty Group (SLLG) is seeking to raise donations via bitcoin as a demonstration…

International payments platform GoCoin has announced a technology partnership with point-of-sales (POS) service provider Apriva. Apriva’s Gateway connects payment devices, merchant acquirers and payment processors to deploy and manage wireless payments. The new deal will allow it to process payments in multiple digital currencies including…

canada, newegg Online retail giant Newegg has announced that Canadian customers can now use bitcoin to complete purchases via Newegg.ca. With the expansion, Newegg becomes the second major online retailer to extend bitcoin payments from the US to Canada. TigerDirect previously added bitcoin payments to its…

mobile phone Reaching the millions of unbanked consumers worldwide has long been a goal of the wider bitcoin industry, but to date, it has struggled to gain users outside of more developed countries. Crossing this awareness gap is the driving force behind Piiko , a…

Global banking giant Santander has commissioned a study investigating the potential impact of bitcoin and other cryptocurrencies on the banking sector. As the 43rd largest company in the world, the multinational megabank  has branches on five continents and upwards of 180,000 employees. Titled Bitcoin’s Impact…

Aug 26 – flickr nicmcphee miner Bitcoin’s price is poised for “acute instability” due to an oversupply of coins from miners and large merchants, along with a weak growth in demand, according to a new research note from financial giant Citi. The Citi analysis points to the…