Archive for the politics Category

Chinese bitcoin firms plan to go offshore to sidestep crackdown

Chinese bitcoin firms plan to go offshore to sidestep crackdown

12 May 2014 / South China Morning Post – Chinese bitcoin businesses are drafting plans to escape the mainland crackdown on the digital currency, the South China Morning Post has learned. China’s biggest bitcoin exchange, Huobi, is considering shifting its operations abroad to protect its customers. “We

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Hundreds attend China’s first bitcoin summit, defying Beijing’s warning

Hundreds attend China's first bitcoin summit, defying Beijing's warning

11 May 2014 / South China Morning Post – Several hundred people defied the central government’s bitcoin crackdown by attending China’s first summit on the digital currency in Beijing this weekend. Venture capitalist Li Xiaolai, who organised the conference, dismissed the suggestion that Beijing would ultimately outlaw

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FEC Rules PACs Can Accept Bitcoin Donations

FEC Rules PACs Can Accept Bitcoin Donations

08 May 2014 / Wire – The Federal Election Commission voted today 6 to 0 to allow political committees to accept limited Bitcoin donations. “Limited” means $100 worth of BTC or less. Still, this is a nice win for the Bitcoin community. Avid Bitcoiners like to support

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Bitcoins may soon become a national currency, replacing others

Bitcoins may soon become a national currency, replacing others

06 May 2014 / RT – Bitcoin is the world’s most popular virtual currency, and brings with it a new breed of digital multi-millionaires. A few dollars several years ago could have made you millions in present-day – but when bitcoin exchange Mt. Gox virtually disappeared, many

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3 ways Bitcoin can change how the Arab region uses money

3 ways Bitcoin can change how the Arab region uses money

04 May 2014 / Wamda – Over the course of two days last month, self-described social media utilization agency The Online Project (TOP) held Cointalks Dubai, an event to discuss the prospect for digital currencies in the region. It aimed to “educate people, raise awareness, and maybe build a

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Saskatchewan’s first bitcoin ATM opens in Saskatoon

Saskatchewan's first bitcoin ATM opens in Saskatoon

04 May 2014 / CBCNews – One year ago, Adam O’Brien started reading and researching the digital currency bitcoin. Now, the 21-year-old is the founder of Bitcoin Solutions, an Edmonton-based company that recently brought Saskatchewan’s first bitcoin ATM to Saskatoon.

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Madison Ald. Mark Clear accepts Bitcoin contributions in his run for state Assembly

Madison Ald. Mark Clear accepts Bitcoin contributions in his run for state Assembly

02 May 2014 / The Cap Times – At his day job as executive director of Accelerate Madison, Ald. Mark Clear dedicates himself to promoting technology and innovation in business. Now he’s found a controversial way to do that in the political realm as a candidate for state Assembly. Clear,

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Meet the Bitcoin ATM that Acts as a Bank Branch

Meet the Bitcoin ATM that Acts as a Bank Branch

02 May 2014 / Fox Business – Robocoin, which introduced the first bitcoin ATM, is planning to flip the switch on a new technology that will enable the machines to become independent bank branches, the company announced Thursday. The Las Vegas-based company first debuted the 750-pound ATM

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Meet your Bitcoin ATM: Digital currency craze hits Seattle, with help from startup vets

Meet your Bitcoin ATM: Digital currency craze hits Seattle, with help from startup vets

01 May 2014 / Geek Wire – Seattleites have a new and easy way to buy and sell Bitcoin. The city’s first-ever Bitcoin ATM went live today at the Spitfire Grill in Belltown, allowing people to make secure transactions with the volatile cryptocurrency that has been making headlines for

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What is Bitcoin Mining?

What is Bitcoin Mining?

01 May 2014 / Investopedia – If you’ve ever wondered where Bitcoin comes from and how it goes into circulation, the answer is that it gets “mined” into existence. Bitcoin mining serves to both add transactions to the block chain and to release new Bitcoin.  The mining process involves

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