Bitcoin Now Accepted at Every 7-Eleven in Mexico


We’re continuing to see the ability to pay with Bitcoin trickle out into large brick-and-mortar stores in different parts of the world, even when it seems like those stores have not given Bitcoin their stamp of approval. We had many different Subways begin to accept Bitcoin a few months ago, and now you can also use Bitcoin as a payment option at the 7-Elevens and Ghandi bookstores in Mexico. Although these stores are not accepting bitcoins directly, they accept payments from something called the Pademobile wallet. You can link your Coinbase account to this mobile wallet, which allows you to send payments with nothing more than a cell phone number.

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TigerDirect processes $250,000 in Bitcoin Payments in first 17 hours


TigerDirect, a major online retailer, has started accepting Bitcoin as a payment option on their webshop with more then 200,000 products. They are the second Billion dollar company to accept the digital currency as a payment option, after was the first in January this year. TigerDirect processes about 2 Billion Dollars worth of orders each year.

It has since then been 17 hours. So where are we now in terms of sales? An TigerDirect spokesperson told BitcoinBoard this morning the company has raked in a massive $250,000 USD worth of items in bitcoin payments since it started accepting the payment method 17 hours ago. The amount was spend in more then 1000 orders, and these are great numbers for the webstore.

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What is Dogecoin? How cryptocurrency saved the Jamaican bobsled team


You’ve likely only just wrapped your mind around the concept of Bitcoin (or have you?) but there’s already a new player in town: Dogecoin.

The upstart cryptocurrency is the new pup in town, and its bite is proving just as big as its bark.


On Monday, Dogecoin led the dog-and-pony show (yes, the canine puns will continue) by coming to the rescue of the Jamaican bobsled team, which needed funds in order to travel to the Sochi Winter Olympics. Dogecoin threw the team a bone by raising $30,000.

But what is Dogecoin? How did an Internet meme (Doge, the lovable shiba inu) transform into the fluffy figurehead of a digital currency — and what is digital currency, anyway?

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Happy Birthday, Bitcoin – Bitcoin Turns 5


5 years ago today, on January 3, 2009, the Bitcoin network came into existence. The first Bitcoin client was released, and the first Bitcoins were issued. While Satoshi Nakamoto initially released his whitepaperin November 2008, it was not until January 3, 2009 when Block 0 was officially mined and Bitcoin became a functioning cryptocurrency — the first of its kind. If you were to go back to that day, it would be a little difficult to actually purchase Bitcoins as there was no functioning exchange yet, and the value of one individual Bitcoin was essentially nothing.

2013 was a pivotal year for Bitcoin. We still don’t know who Satoshi Nakamoto is, but his stroke of genius is now changing the world in unforeseen ways. Vendors around the world are making way for this new paradigm and Bitcoin is gaining acceptance on a large scale, in politics and in individual consumerism. Who would have predicted all this just 5 years ago? The question now is, what’s next?

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Small Washington Town Hit By Mudslide Accepting Bitcoin Donations

By U.S. Marine Corps photo by Cpl. Justin Park [Public domain], via Wikimedia Commons

Last week the rural town of Darrington, WA was hit by a catastrophic landslide. Over 200 rescue workers are currently searching  for survivors in an aftermath that covers a square mile and consists of a mixture of mud and debris measuring 15 feet deep in some spots. According to NBC News, there are 17 confirmed deaths and 90 people missing. The death toll is expected to increase Friday evening.

Early Friday afternoon the town posted a Bitcoin donation link on their official website. According to coordinators, donations will cover basic needs “including housing, transportation and medical expenses.”

The donation link was set up by Paden Newberry who lives in Bellingham, WA but grew up in Darrington and has many family and friends in the area. Newberry told Bitcoin Magazine: “I was born and raised near the slide. I knew many of the victims and I was left with a horrible feeling of helplessness not being there when it happened. Setting up bitcoin donations is my way to help the community of Darrington.”

Contributions will be kept at Coinbase until the official donation bank account can be linked. Once that is done, all donations will be converted to USD. Newberry expects verification early next week.

The post Small Washington Town Hit By Mudslide Accepting Bitcoin Donations appeared first on Bitcoin Magazine.