Bidding with bitcoin, a world first at Italian auction

  • And the artwork goes to the bidder with the virtual wallet (AFP Photo/ROSLAN RAHMAN) – – Rome (AFP) – Italian auction house Sant’Agostino said Wednesday bidders at its next sale will be able to settle up in bitcoin, a world first according to the auctioneers.
  • Early next week, around 600 Italian and foreign design objects, mostly pieces of furniture, will go under the hammer at Sant’Agostino and “bitcoins will be accepted as payment”, it said in a statement.
  • Paying with the crypto currency will also be allowed at the following auction at the end of November which will feature paintings, jewelry and watches.
  • Bitcoin is not generally recognised as a proper currency — lacking a home country, central bank or treasury — although its real world use is constantly increasing.
  • Since its creation in 2009, the value of bitcoin against traditional currencies has risen exponentially, although there have been periods of dizzying plunges, too.

Italian auction house Sant’Agostino said Wednesday bidders at its next sale will be able to settle up in bitcoin, a world first according to the auctioneers. Early next week, around 600 Italian and foreign design objects, mostly pieces of furniture, will go under the hammer at Sant’Agostino
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10 Bitcoin Wallet Apps You Should Consider Using Today

  • For anyone wanting to begin their foray into this form of peer-to-peer transaction, which offers anonymity while simultaneously cutting out banks and other traditional third party financial entities, the first step is getting a Bitcoin wallet.
  • Bitcoins are stored in a digital wallet, stored in the cloud or on your personal computer, which act like a bank account, letting you pay or exchange Bitcoins.
  • It allows for cold-storage integrations with hardware Bitcoin wallets like Trezor or KeepKey, and has a unique feature to help manage your private keys as well as a secret number that allows Bitcoins to be spent.
  • This multi-signature technology allows Bitcoin wallets to be controlled by multiple private keys and users.
  • Bitcoin Wallet is the first mobile Bitcoin app.

If you’re into the future of digital payment, you’ve probably already heard of the cryptocurrency, Bitcoin. While Bitcoin is now incredibly difficult to …
Continue reading “10 Bitcoin Wallet Apps You Should Consider Using Today”

10 Bitcoin Wallet Apps You Should Consider Using Today

  • For anyone wanting to begin their foray into this form of peer-to-peer transaction, which offers anonymity while simultaneously cutting out banks and other traditional third party financial entities, the first step is getting a Bitcoin wallet.
  • Bitcoins are stored in a digital wallet, stored in the cloud or on your personal computer, which act like a bank account, letting you pay or exchange Bitcoins.
  • It allows for cold-storage integrations with hardware Bitcoin wallets like Trezor or KeepKey, and has a unique feature to help manage your private keys as well as a secret number that allows Bitcoins to be spent.
  • This multi-signature technology allows Bitcoin wallets to be controlled by multiple private keys and users.
  • Bitcoin Wallet is the first mobile Bitcoin app.

If you’re into the future of digital payment, you’ve probably already heard of the cryptocurrency, Bitcoin. While Bitcoin is now incredibly difficult to …
Continue reading “10 Bitcoin Wallet Apps You Should Consider Using Today”

How can I buy bitcoin in the UK?

  • The price of bitcoin has been surging in recent months.
  • Bitcoin is famously volatile – few can predict with any certainty where it will go from here and many believe we’re in the middle of a bubble – but one thing’s certain: if you’d invested five years ago you’d be doing very well for yourself now.
  • There are two main ways to get hold of bitcoin – buying an expensive supercomputer (with a whopping electricity bill to match), and using it to “mine” bitcoins, the process of solving the cryptographic codes that keep the entire network running.
  • Buying bitcoins used to be a complicated affair – long waits, massive fees and foreign websites.
  • Now there are a number of consumer-friendly websites for buying and selling not only bitcoin, but etherium and other cryptocurrencies.

The price of bitcoin has been surging in recent months.
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Australian Craig Wright claims to be Bitcoin creator

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    Media captionAustralian entrepreneur Craig Wright says he is Mr Bitcoin
    Australian entrepreneur Craig Wright has publicly identified himself as Bitcoin creator Satoshi Nakamoto.His admission follows years of speculation about who came up with the original ideas underlying the digital cash system.Mr Wright has provided technical proof to back up his claim using coins known to be owned by Bitcoin’s creator.Prominent members of the Bitcoin community and its core development team say they have confirmed his claims.But many others in the Bitcoin world are asking for more proof.Signed blocksMr Wright has revealed his identity to three media organisations – the BBC, the Economist and GQ.

  • At the meeting with the BBC, Mr Wright digitally signed messages using cryptographic keys created during the early days of Bitcoin’s development.
  • Image copyright
    AP

    Image caption

    Dorian Satoshi Nakamoto was wrongly identified as the inventor of Bitcoin in 2014

    “These are the blocks used to send 10 bitcoins to Hal Finney in January [2009] as the first bitcoin transaction,” said Mr Wright during his demonstration.

  • “I was the main part of it, but other people helped me,” he said.Soon after Mr Wright went public, Gavin Andresen, chief scientist at the Bitcoin Foundation, published a blog backing his claim.
  • Security expert Dan Kaminsky said the procedure was almost “maliciously resistant” to validation.Many people have called on Mr Wright to go further in proving his identify.How Bitcoin worksBitcoin is often referred to as a new kind of currency.But it may be best to think of its units being virtual tokens rather than physical coins or notes.However, like all currencies its value is determined by how much people are willing to exchange it for.To process Bitcoin transactions, a procedure called “mining” must take place, which involves a computer solving a difficult mathematical problem with a 64-digit solution.For each problem solved, one block of Bitcoins is processed.

Australian entrepreneur Craig Wright has publicly identified himself as Bitcoin creator Satoshi Nakamoto.
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