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With startups seeking to make the city the "bitcoin capital of the world", it has historically attracted high-profile bitcoin events. Last spring, for example, saw the opening of Amsterdam's very own Bitcoin Boulevard, a project that signed up 10 merchants in the city to accept bitcoin.

The Bitcoin Foundation also picked Amsterdam to host its Bitcoin 2014 conference last May in what may have been the most high-profile testament to the city's pull for bitcoin aficionados

SOURCE http://www.coindesk.com/five-ways-spend-bitcoin-amsterdam/

In the six years since the inception of Satoshi Nakamoto's blockchain, many have begun to see bitcoin as a disruption force in the future of finance.

Put simply, money is a ledger – one that has now become programmable. Now anyone can create their own currency and with simple scripting language, different values can be coded to manifest values of community.

Economists try to understand this new innovation through modern monetary theory, while those who advocate economic equality tend to dismiss bitcoin as Wall Street-friendly currency with a libertarian bent.

SOURCE: http://www.coindesk.com/bitcoin-paves-a-way-for-evolution-of-the-species/

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In the absence of exciting product launches or massive funding rounds, the digital currency community saw renewed scrutiny in the media this week.

Mainstream outlets are still indulging in lengthy features on the subject, however, most continued to address the technology's perceived shortcomings.

The general consensus seems to be that bitcoin is still doomed for failure, although everyone seems to have a different – and equally creative – opinion as to why.

SOURCE: http://www.coindesk.com/bitcoin-in-the-headlines-battle-sexes/

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ItBit has filed an application for a state banking license in New York.

In statements to CoinDesk, New York State Department of Financial Services (NYDFS) spokesman Matthew Anderson confirmed the filing.

ItBit may be approved within the next few weeks, according to a report by Reuters, citing individuals with knowledge of the process.

SOURCE: http://www.coindesk.com/bitcoin-exchange-itbit-seeks-bank-license-with-ex-fdic-chairs-support/

We’re living in a world where everything’s being labeled as smart. From our phones to watches and even our cars. But something that’s really being taken for granted is our utility grids — including gas, water and electricity. And while the majority of the world might be migrating onto the so-called smart grids, they are still filled with a lot of dumb problems. The biggest being payments.

South African bitcoin startup Bankymoon is boldly taking on this industry. That’s besides having a killer name for a bitcoin startup.

READ MORE; http://ventureburn.com/2015/04/bankymoons-building-worlds-first-smart-grids-using-bitcoin/

Bitcoin price has advanced above the Fib line that has served as the pivot for consolidation during the past week. During the Asian session, price tagged the 4-hour 200-period moving average and looks set to continue the journey north after a corrective price wave has completed.

Read full analysis: https://www.cryptocoinsnews.com/bitcoin-price-avoids-drop-zone-bullish-moves/

Spain's bitcoin community is celebrating following confirmation that the cryptocurrency is exempt from Value Added Tax (VAT) in the country.

Bitcoin had always been exempt from VAT, but a spokesperson from Spain's tax office, Ministerio de Hacienda, told CoinDesk the decision had been clarified following a question from a bitcoin aficionado.

SOURCE: http://www.coindesk.com/spanish-bitcoin-community-celebrate-bitcoins-vat-exemption/

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BitPay Number Crunching
Bitcoinist_bitcoin-merchants-mainstream-bitpay-cryptocurrency

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Because of Bitcoin’s disruptive nature, the digital currency is in a prime position to set a lot of new and unexpected trends. Granted, Bitcoin is still speculative, and its price volatility is still present, but more people now value Bitcoin as a currency.

For BitPay, having processed over US$158 million in Bitcoin transactions during 2014, things are looking positive all across the board. Just the amount of USD in Bitcoin transactions processed itself is up by 47% compared to 2013, a year which saw Bitcoin transitioning into a currency rather than a commodity.

In order to explain the growing USD volume of Bitcoin transactions, you have to look at the actual number of transactions processed by BitPay. The number of transactions in 2014 has more than doubled compared to 2013.

But what about the actual average order value? As the number of yearly transactions goes up, what what will happen to the average payment amount? As you would expect from something that is transforming into a currency rather than a commodity, the average value per order went down. Don’t be mistaken, though, as this is exactly the effect Bitcoin enthusiasts are looking for, which indicates people value the amount of Bitcoin they own.


To put this into perspective, if these same numbers were reported by a credit card company, there would be roughly $7,991,250 in fees associated with all the transactions. In the case of BitPay? 0% fees for everyone.


READ FULL STORY: http://insidebitcoins.com/news/bitpay-study-bitcoin-is-now-an-every-day-currency/31774

Jan 6 (Reuters) - Bitstamp, one of the largest exchanges for trading the digital bitcoin currency, said it has temporarily suspended service after "some" of its "operational wallets were compromised" on Sunday, resulting in loss of about 19,000 bitcoins.

The breach represented "a small fraction" of its total bitcoin reserve and the majority was held in secure offline cold storage systems, Bitstamp posted on its website on Tuesday. (bit.ly/1eTIPEt)
 
FULL STORY SOURCE: http://www.reuters.com/article/2015/01/06/bitstamp-cybersecurity-idUSL3N0UL3X920150106

A new bitcoin exchange has launched in Perth, the largest city and capital of Western Australia, a rural state with roughly one inhabitant per square kilometer.

Called Digital World Ventures (DWV), the bitcoin-only exchange will aim to target consumers across the country who want trade between the Australian dollar (AUD) and bitcoin by leveraging exchange software provider AlphaPoint.
  
SOURCE:

A new Bitcoin price daily candle opened a few pips above an envelope lower boundary. This is an initial bullish sign and may be significant if confirmed by other signs of advance. The chart remains ambiguous.

Read full analysis: https://www.cryptocoinsnews.com/bitcoin-price-rising-drop-zone/

Mt Gox customers can now formally make a claim against the defunct exchange, with the potential to receive their payout in bitcoin.

The process is being overseen by exchange Kraken, appointed to assist Mt Gox's bankruptcy trustee Nobuaki Kobayashi last November.

According to instructions posted on the Mt Gox homepage, account holders have until 29th May (Japan time) to fill out forms directly from the site, or open an account with Kraken and begin from there.

SOURCE: http://www.coindesk.com/trustee-opens-formal-claims-process-for-mt-gox-customers/

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A New Jersey police officer has been arrested and charged with receiving stolen property after allegedly selling stolen bitcoin mining equipment.

According to Somerset County Prosecutor Geoffrey D Soriano, Vincent Saggese, 32, of Metuchen, NJ, met with a Somerset County Prosecutor’s Office undercover detective twice and negotiated the sale of stolen KNC Miner Neptune devices.

SOURCE: http://www.coindesk.com/nj-cop-charged-with-receiving-stolen-bitcoin-miners/