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Bitcoin explained

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

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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

Thursday, October 26, 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 [...]

Cryptocurrency exchanges may be shut down in China – a statement from the Bitcoin Foundation

Thursday, September 14, 2017|

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

Thursday, August 31, 2017|

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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