Ledger Releases New Wallet With More Memory, App for Mobile Management

Ledger just dropped news of its latest hardware wallet, and it comes with an app for managing the wallet’s funds remotely. The company will reveal the new Ledger Nano X at this year’s CES conference in Las Vegas, Nevada. Calling its new wallet “Ledger’s new signature product,” the team indicated in a demonstration and interview with Bitcoin Magazine that the Nano X stays true to the simple design of its flagship, the Nano S, with some added complexity and versatility. Most notably, the Nano X is being released in tandem…

Bitcoin Price Analysis: Range-Bound Market Coiled for Next Move

For the better part of a month and a half, bitcoin has been fairly range-bound and unable to establish new lows or new highs. There are some bullish and bearish setups on the horizon for bitcoin, so let’s check out both sides of the argument because currently the market is sitting in the middle of Indecisionville — the most immediate sign of which is this glaringly obvious head-and-shoulders bottom reversal pattern: Figure 1: BTC-USD, Daily Candles, Head-and-Shoulders Bottom This current pattern is nothing more than a setup at the moment,…

San Francisco’s “Bitcoin Mafia”: How Bitcoin Started in the City on the Bay

The early Bitcoin community in San Francisco was originally comprised of revolutionaries: Individuals who believed in the freedom and opportunity that a permissionless distributed system would bring the world. We were widely regarded as unsavory and unpopular. Most people associated bitcoin with drugs, money laundering, and the dark web. On dates, dinner parties at friends houses or holidays with families, we were ridiculed and belittled. To believe in Bitcoin at that time, you had to be a rebel, someone who thought critically about what could be. A true believer. That…

Neutrino: A Privacy-Preserving Light Wallet Protocol

Lightning is all the rage these days and, while it’s an exciting development, users currently have to have a full node running in order to transact in it. In this article, I’m going to introduce Neutrino, a new protocol for light clients to get the data that they need while preserving privacy and without trusting a central server. A Little History In the original white paper written in 2008, Satoshi Nakamoto described something called Simplified Payment Verification (SPV). SPV is how a light node can verify payments without downloading, verifying…

Welcome to the reGenesis of Bitcoin Magazine!

On December 4, 2018, our CEO, David Bailey, made an exciting announcement: Bitcoin Magazine would be returning to its roots and shifting its focus to Bitcoin-related stories only. As the title of his blog post states, we intend to “Make Bitcoin Fun Again.” What does this mean? To begin with, we are delighted to unveil this beautifully redesigned and reimagined Bitcoin Magazine website with some cool new features including original artwork, a block explorer, an expanded guide section, and a general new flow to how you’ll see and interact with…

Ten Years Later, a Reflection on Bitcoin’s Genesis and Satoshi’s Timing

October 31, 2008, and January 3, 2009. The two dates have cemented themselves with Promethean significance into Bitcoin’s lore. On October 31, Satoshi Nakamoto published the Bitcoin white paper, a constitution of sorts for his revolutionary monetary system and its intrinsic currency. On January 3, this constitution came alive with Bitcoin Block #0. Also known as the network’s genesis block, this cornerstone would provide the foundation for an ecosystem that would challenge our perception of how money is valued and managed in a digital age. Ten years later, we celebrate…

Get Ready for a New Print Edition of Bitcoin Magazine!

In May 2012, the first print copy of Bitcoin Magazine — the original publication devoted exclusively to Bitcoin — made its debut. Founded by Vitalik Buterin and Mihai Alisie, that first edition with its iconic Anonymous mask on the cover has become one of the most sought-after collectibles in the Bitcoin space. Buterin and Alisie later joined forces with Orlando, Florida-based Coin Publishing LLC to produce 22 issues. BTC Media (now BTC Inc) acquired Bitcoin Magazine in 2014 and moved the publication entirely online. Today, on the anniversary of Bitcoin’s…

Who Created Bitcoin? | Bitcoin Magazine

Bitcoin was created by Satoshi Nakamoto, (almost certainly) a pseudonym, that no one has been able to conclusively connect to an actual person or group of people to this day. Nakamoto vanished from the internet in 2011, leaving few clues as to who they might be. Over the years, many people have publicly claimed to be Satoshi, all failing to support the statement with indisputable facts. In an early bitcointalk forum, Satoshi said that they started working on Bitcoin in 2007, two years before the first block was mined. The…

Why Ohio’s State Treasurer Backs Decision to Accept BTC For Tax Payments

As tax season is rapidly approaching, some states, like Ohio, have decided to set a new standard for the rest of the country to follow. Back in November, Ohio became the first state in the U.S. to announce that it would now be possible to pay taxes using bitcoin. While Ohio is first in actually implementing this for its business residents, it’s certainly not the first one to try. Other U.S. states, like Illinois, Arizona, and Georgia have previously attempted to pass legislation allowing state taxes to be paid with…

Seven New Year’s Resolutions for Bitcoiners

In the time-honored tradition of goal setting for the new year, Bitcoin Magazine has compiled a short list of seven possible New Year’s Resolutions for Bitcoiners as we head into 2019. Building a strong Bitcoin community begins with individual efforts, some small, others more ambitious and labor intensive. What might you do to contribute to the Bitcoin ecosystem this year? Teach five people about bitcoin and help them set up a wallet. Anyone can become a Bitcoin evangelist. Chances are that there are a number of people in your family-and-friends…