Archive for the finance Category

Bitcoin Gaining Validity Fuels Rally in Virtual Currency

Bitcoin Gaining Validity Fuels Rally in Virtual Currency

20 Nov 2013 / Bloomberg – Bitcoin’s rally is accelerating as the U.S. Department of Justice’s description of the digital currency as a “legal means of exchange” bolsters the prospect of wider acceptance as an alternative payment system. Bitcoins, which exist as software and aren’t regulated by

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NJ Settles Bitcoin Case Vs. Online Gaming Co.

NJ Settles Bitcoin Case Vs. Online Gaming Co.

19 Nov 2013 / ABC News – An online video game company accused of infecting thousands of computers with malicious software and using that access to illegally mine for the electronic currency Bitcoin has agreed to pay a $1 million settlement, the New Jersey attorney general’s office

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Regulators See Value in Bitcoin, and Investors Hasten to Agree

Regulators See Value in Bitcoin, and Investors Hasten to Agree

19 Nov 2013 / NYT – The virtual currency bitcoin took a big step toward the mainstream on Monday as federal authorities signaled their willingness to accept it as a legitimate payment alternative. A number of federal officials told a Senate hearing that such financial networks offered

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BERNANKE: Bitcoin ‘May Hold Long-Term Promise’

BERNANKE: Bitcoin 'May Hold Long-Term Promise'

18 Nov 2013 / Business Insider – The beautiful thing about Bitcoin, digital currency enthusiasts will tell you, is that it doesn’t have a central bank. So with eyes on today’s Bitcoin Senate hearing, where does the world’s most powerful central banker stand on the elusive cryptocurrency?

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Crazy ASRock motherboards support 6 graphics cards for hardcore Bitcoin mining

Crazy ASRock motherboards support 6 graphics cards for hardcore Bitcoin mining

18 Nov 2013 / PC World – The one truth of pretty much every gold rush in history is that the people who made out like bandits weren’t the adventurous suckers looking for gold, but the ones selling the shovels and mining pans. More than a century

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Why Isn’t Bitcoin Interesting To Leading Economists?

Why Isn't Bitcoin Interesting To Leading Economists?

18 Nov 2013 / Forbes – I’ve fielded variants of this question from non-economists many times. I always respond with the same question: What does Bitcoin have to teach us about the economy?  From a practitioner’s point of view, Bitcoin is small change. The total value of all

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Bitcoin Goes to Washington: Monday’s Hearing Is Just the Beginning

Bitcoin Goes to Washington: Monday’s Hearing Is Just the Beginning

18 Nov 2013 / Time.com – The first congressional hearing on how to regulate virtual currencies will take place on Monday afternoon before the Senate Homeland Security and Governmental Affairs Committee. Called “Beyond Silk Road: Potential Risks, Threats and Promises of Virtual Currencies,” the hearing comes six weeks after

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How to Buy a Bitcoin

How to Buy a Bitcoin

17 Nov 2013 / Motley Fool – Bitcoin’s meteoric rise is like something that few have seen in their lives, if ever. Just a few years ago, it was a tiny community interested in a new way to send money online. That tightly woven, tech-savvy community has grown

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Watch the world’s currencies flow into BTC in realtime

Watch the world's currencies flow into BTC in realtime

17 Nov 2013 / fiatleak.com – This is a fantastic website that illustrates a live feed of  the world’s currencies into Bitcoin. Warning: this is addicting to watch. Data from MT.GOX, BITSTAMP, BTCChina, BTC-E, Bit2c Each trade results in a bitcoin being sent from the currency counter

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Is Bitcoin Really Going to $1 Million?

Is Bitcoin Really Going to $1 Million?

16 Nov 2013 / Motley Fool – If I’d once told you intangible coins would be the biggest gainers in 2013, you’d call me nuts. But as we head toward 2014, Bitcoin has already put up 3,311% returns. In the midst of a bull market in Bitcoin,

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