Archive for the politics Category

Bitcoin Survival Guide: Everything You Need to Know About the Future of Money

Bitcoin Survival Guide: Everything You Need to Know About the Future of Money

25 Nov 2013 / Wired – The price of a bitcoin topped $900 last week, an enormous surge in value that arrived amidst Congressional hearings where top U.S. financial regulators took a surprisingly rosy view of digital currency. Just 10 months ago, a bitcoin sold for a

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Living on the virtual currency Bitcoin

Living on the virtual currency Bitcoin

24 Nov 2013 / ABC – Is digital currency a passing fad, or the future of money? For 101 days, newlyweds Austin Craig and Beccy Bingham-Craig from Utah lived off nothing but Bitcoin. Everything from food and fuel, to rent and travel had to be covered by

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Why do bitcoin exchanges quote different prices?

Why do bitcoin exchanges quote different prices?

24 Nov 2013 / Washington Post – Here at The Switch, we love it when our writing sparks a new idea or raises a new question. So that’s why, every weekend, we pull together some of the week’s most thoughtful comments in one place. Friday, my colleague

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The Rise Of Bitcoin: Is It A Solution Or Menace?

The Rise Of Bitcoin: Is It A Solution Or Menace?

24 Nov 2013 / Business Insider – Celine Sotelo “likes to be on the cutting edge,” so she was intrigued when a friend this summer touted the virtues of a new kind of money called Bitcoin. She downloaded the software that would allow her family-owned floral shop/cafe to

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Why Bitcoin Went Bananas This Week

Why Bitcoin Went Bananas This Week

23 Nov 2013 / Motley Fools – Bitcoin may have just had its biggest breakout week ever. Surviving two Senate panels, impaired exchanges, and political tweets, Bitcoin is on an upward trend. Here’s a recap of the previous week. Monday The online cryptocurrency hit a new all-time

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Bitcoin mania in three charts

Bitcoin mania in three charts

22 Nov 2013 / Market Watch – The Internet just can’t get enough of bitcoin. That much was apparent this week, which kicked off with two Senate hearings on virtual currencies. While the hearings included many questions about bitcoin’s potential for criminal activity, the Treasury Department’s Jennifer

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No, Bitcoin isn’t the Segway of currencies

No, Bitcoin isn’t the Segway of currencies

22 Nov 2013 / Washington Post – The Atlantic’s Matthew O’Brien is one of the Internet’s smartest commentators on economic policy. But like a lot of economics writers, he’s been slow to appreciate the disruptive potential of Bitcoin, the Internet’s first completely open payment network. O’Brien says

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Bitcoin beginning to go mainstream

Bitcoin beginning to go mainstream

21 Nov 2013 / USA Today – From a Los Angeles travel agency to a European university, businesses have begun to embrace Bitcoin as mainstream currency An online travel agency in Los Angeles and a European private university have begun accepting payments in the popular virtual currency

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Bitcoin now accepted as tuition payment at a Cyprus university

Bitcoin now accepted as tuition payment at a Cyprus university

21 Nov 2013 / LA Times – The University of Nicosia in the island nation of Cyprus will accept the virtual currency Bitcoin as payment for tuition and other school fees. The largest university in Cyprus said it will also offer a master’s degree in digital currency

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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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