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What is Bitcoin?
Bitcoin is a peer-to-peer version of electronic cash that allows payments to be sent directly from one party to another without going through a financial institution. The network timestamps transactions by hashing them into an ongoing chain of hash-based proof-of-work, forming a record that cannot be changed without redoing the proof-of-work. – Satoshi Nakamoto
The Bitcoin Foundation participates in workshops and conferences that assists software engineers and other early adopters to get their hands onto the Blockchain technology underpinning Bitcoin.
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Urgent request: We need your help to redraft §1241 Combating Money Laundering, Terrorist Financing and Counterfeiting Act of 2017
The Bitcoin Foundation opposes the current draft of §1241 Combating Money Laundering, Terrorist Financing and Counterfeiting Act of 2017 as it will have the consequences of creating a high level of regulatory uncertainty for all businesses making use of blockchain and cryptocurrency in their products and services. Our original opposition [...]
The price of bitcoin has been under pressure following reports suggesting that the government is looking to outlaw cryptocurrency exchanges in China, following it taking a similar position on cryptocurrency tokens a week earlier.While this news is unfortunate, we believe that it doesn't in any way reflect the underlying utility or [...]
The Bitcoin Foundation announces its opposition to the inclusion of Bitcoin in a money-laundering bill & asks the U.S. Congress to investigate the DOJ’s prosecutions of bitcoiners under the money transmitter statute
Press Contacts: San Francisco, CA, Llew Claasen, [email protected], DC – August 31, 2017 – On August 31, 2017, Llew Claasen, the Executive Director of the Bitcoin Foundation, the world's oldest and largest Bitcoin advocacy organization, expressed today his strongest opposition to certain sections of a bill currently before the U.S. [...]
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