Monthly archive for July 2014

High Density, Low Budget: Massive Bitcoin Mines Spring Up in Warehouses

High Density, Low Budget: Massive Bitcoin Mines Spring Up in Warehouses

10 July 2014 / Data Center Knowledge – The Bitcoin mining craze is driving the creation of a new breed of computing facilities featuring high-density hardware, low-reliability electrical infrastructure and off-the-shelf enclosures. These “hashing centers” often are built in old warehouses and house servers on shelving from

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Newly Built Villas in Nairobi Available for Bitcoin through BitPremier

Newly Built Villas in Nairobi Available for Bitcoin through BitPremier

09 July 2014 / ForexMinute – Villas in the Loresho Ridge area of Nairobi are now available for Bitcoin through the online Bitcoin market place BitPremier. According to the advertisement on BitPremier the villas on sale i.e. Fahari Villas are situated on a cul-de-sac on the highest

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Switzerland’s FINMA grants first Bitcoin Trader license to SBEX

Switzerland’s FINMA grants first Bitcoin Trader license to SBEX

09 July 2014 / Leap Rate – Switzerland, the land of traditional and extremely safe banking institutions, heralded by high net worth investors worldwide as a safe haven for untold wealth, has taken a somewhat unorthodox step toward the acceptance of virtual currencies as a means of

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UCLA’s John Villasenor takes you inside the world of cryptocurrencies (think bitcoin)

UCLA's John Villasenor takes you inside the world of cryptocurrencies (think bitcoin)

09 July 2014 / LA Times – You can donate to a PAC, buy a Tesla or order a Domino’s pizza using bitcoin. California just repealed a ban on such cryptocurrencies, so the question is not only “Now what?” but “What?,” period. Any currency that’s not tied

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BitPay execs in St. Pete this week to begin bitcoin push

BitPay execs in St. Pete this week to begin bitcoin push

09 July 2014 / Tampa Bay Business Journal – BitPay executives are in Tampa Bay this week to begin the process of getting St. Petersburg bitcoin ready. The payment processor is sponsoring the Bitcoin St. Petersburg Bowl for the next three years in an attempt to raise

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Facebook Ready To Enter Digital Payments – Via Bitcoin?

Facebook Ready To Enter Digital Payments - Via Bitcoin?

08 July 2014 / Seeking Alpha – Summary In April reports surfaced that Facebook was seeking approval from the Central Bank of Ireland to start a service to allow users to send/store money on its platform. Facebook recently hired PayPal President David Marcus to lead its Messaging

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You Can Now Buy a Car With Bitcoin and Have It Delivered With a Bow

You Can Now Buy a Car With Bitcoin and Have It Delivered With a Bow

08 July 2014 / Recode – Add used cars to the list of products you can now buy with a currency that didn’t even exist a decade ago. Beepi, a two-month-old company that operates an online market for used-car sales, will start accepting bitcoin as a form

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Bitcoin Startup Xapo Valued North of $100 Million

Bitcoin Startup Xapo Valued North of $100 Million

08 July 2014 / Wall Street Journal – Some of the biggest names in venture capital are getting behind a maker of underground bitcoin vaults, the latest bet to bolster the digital currency. Xapo said Tuesday it raised an additional $20 million in funding, doubling the amount

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Why Authorities are Baffled with Virtual Currencies?

Why Authorities are Baffled with Virtual Currencies?

07 July 2014 / ForexMinute.com – The European Banking Authority (EBA) dropped a bomb on the cryptocurrency businesses in Europe when it asked the commercial banks to avoid using Bitcoin and other cryptocurrencies, until the industry is effectively regulated. The text particularly discourages financial institutions to purchase,

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Bitcoin Expert Kirsch Pushes Virtual Currency: Onsite Coverage

Bitcoin Expert Kirsch Pushes Virtual Currency: Onsite Coverage

07 July 2014 / Credit Union Times – SAN FRANCISCO – Steve Kirsch, CEO of Cointrust, said he has made money every year on his bitcoin investment of $1 million. “I’ve wired $1 million to Slovenia. It does show up at the other end,” said Kirsch at

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