Monthly archive for July 2014

Why Bitcoin may re-write banking practice

Why Bitcoin may re-write banking practice

06 July 2014 / Business Tech – Bitcoin has grown from an experiment in digital cash to a vibrant, global economy supporting multi-million dollar companies with a market cap of $10 billion. “While the road has been bumpy, and quite a rollercoaster ride, it is still nascent

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Fast food and coffee just a few bitcoins away

Fast food and coffee just a few bitcoins away

05 Jul 2014 / Sydney Morning Herald – From little things, bit things grow – rapidly. Melbourne-based web developer Tim Mansell acquired his first bitcoins – a form of digital currency – as an investment early last year when the price started skyrocketing. Now the novelty has

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Man recovers $500,000 in bitcoins he mistakenly sent to defunct Mt. Gox

Man recovers $500,000 in bitcoins he mistakenly sent to defunct Mt. Gox

04 July 2014 / Daily Dot – A Bitcoin user, who inexplicably threw $500,000 worth of the digital currency into the abyss last month, has managed to recover his funds. The story starts in early June, when Reddit user TheDJFC posted about how he “messed up big time.” Explaining the

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Bitcoin Fan Hopes to Help Kyrgyzstan’s Migrant Workers

Bitcoin Fan Hopes to Help Kyrgyzstan’s Migrant Workers

04 July 2014 / EuraAsiaNet – In the corner of a small pizzeria in central Bishkek, an experiment is unfolding. Central Asia’s first and only bitcoin ATM converts dollars into the world’s most popular cryptocurrency. The machine – which looks like one of the city’s ubiquitous electronic

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Bitcoin revolution wins over world

Bitcoin revolution wins over world

04 July 2014 / RT – Things may be more incremental in terms of acceptance, but the bitcoin revolution continues apace. Bad regulation involves hacking babies in two before considering the consequences. Good regulation appreciates that the world changes. The last year/century was appreciably different to the

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Bitcoin quietly goes legit

Bitcoin quietly goes legit

03 July 2014 / Beta News – The US Marshals Service doesn’t normally make economic policy but this week they apparently did so by auctioning 30,000 Bitcoins, a crypto currency I have written about before. This auction effectively legitimizes Bitcoins as part of the world economy. Am

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Independent Scotland ‘could be bitcoin testbed’

Independent Scotland 'could be bitcoin testbed'

03 July 2014 / The Guardian – An independent Scotland could be the perfect testbed for whether a nation can survive using cryptocurrencies instead of fiat money, the assistant governor of Australia’s central bank has suggested. Speaking through a robot from Sydney at the Financial Times’s Camp

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Tim Draper: Bitcoin auction a ‘vote of confidence’ by U.S. government

Tim Draper: Bitcoin auction a 'vote of confidence' by U.S. government

03 July 2014 / Mercury News – Silicon Valley venture capitalist Tim Draper confirmed Wednesday he submitted the winning bid in a government auction of nearly 30,000 bitcoins, saying the acquisition was part of a long-term global investment strategy to spread the virtual currency to developing markets.

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How Bitcoin can transform the developing world

How Bitcoin can transform the developing world

03 July 2014 / Telegraph – Bitcoin, the decentralised crypto-currency, is slowly shaking off the lingering whiff of criminality. Its association with (especially) online drugs markets like the Silk Road and radical anarchists is only half the story, and probably the least interesting half, of what Bitcoin

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Payza Mulling a Plan to Integrate the Bitcoin into Its Online Payment Platform

Payza Mulling a Plan to Integrate the Bitcoin into Its Online Payment Platform

02 July 2014 / ForexMinute – In its official blog, quoting Ali Nizameddine, Executive VP of Product and Technology at Payza, says that the company has started actively exploring different possibilities of integrating Bitcoin into its online payment platform. Ali was quoted as saying that the company

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