Monthly archive for February 2014

Why Amazon Will Eventually Take Bitcoin, Or Something Like It

Why Amazon Will Eventually Take Bitcoin, Or Something Like It

08 Feb 2014 – NEW YORK (TheStreet) — There’s been a TON of news recently about Bitcoin and its impact on the future of currency, transactions and the way we live. Initially I was bearish on Bitcoin because I saw it as a fad. However, the more

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Newsweek Becomes First Magazine to Accept Bitcoin …PR Pitches

Newsweek Becomes First Magazine to Accept Bitcoin ...PR Pitches

08 Feb 2014 / Newsweek – Spurred by a host of recent converts to the peer-to-peer digital currency, Newsweek has become the first magazine to accept Bitcoin PR pitches. The digital currency’s visibility in popular retailers remains modest, but its presence in our email inboxes has frankly

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Bitcoin Hardware Start-Up Offers Bitcoin-Denominated Shares

Bitcoin Hardware Start-Up Offers Bitcoin-Denominated Shares

08 Feb 2014 / International Business Times – A start-up making machines that accept crypto-currency directly or indirectly using open source is offering its shares denominated in popular digital currency bitcoin to investors. California-based Bitcoin Kinetics, which has an ambitious target of creating a technology through which

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Florida Targets High-Dollar Bitcoin Exchangers

Florida Targets High-Dollar Bitcoin Exchangers

08 Feb 2014 / Krebs On Security – State authorities in Florida on Thursday announced criminal charges targeting three men who allegedly ran illegal businesses moving large amounts of cash in and out of the Bitcoin virtual currency. Experts say this is likely the first case in

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Sen. Carper: ‘Let’s see what good can come from bitcoin’

Sen. Carper: 'Let's see what good can come from bitcoin'

07 Feb 2014 / CNBC – Federal regulators and law enforcement agencies don’t need new laws to tamp down on the more seedy uses of bitcoin and other virtual currencies, Sen. Thomas Carper, D-Del., told CNBC on Tuesday. “They’ve told us right now that we don’t need

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A string of thefts hit Bitcoin’s most reputable wallet service

A string of thefts hit Bitcoin's most reputable wallet service

07 Feb 2014 / The Verge – In a few hours on December 15th, Jeff lost nearly $10,000. It was 10.6 bitcoins held in the wallet service Coinbase, the most well-funded and widely implemented service on the market. Jeff, who asked that we not use his last

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Legal Troubles Barely Subdue a Bitcoin Evangelist’s Sermons

Legal Troubles Barely Subdue a Bitcoin Evangelist’s Sermons

07 Feb 2014 / NY Times – A few weeks before his arrest at Kennedy Airport, Charles Shrem was standing behind the Manhattan bar he invested in with some of his Bitcoin fortune, buzzing about his big plans for the virtual currency and himself. With the frenetic

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Bitcoin plunges 20% on big Japan-based exchange as withdrawals halted

Bitcoin plunges 20% on big Japan-based exchange as withdrawals halted

07 Feb 2014 / RT – The value of the bitcoin cryptocurrency has dropped below $690 per unit on one of the world’s biggest exchanges Mt. Gox, after the Japanese trader temporarily stopped withdrawals to fix technical problems.

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Struggling US Postal Service looks to bitcoin for new revenue

Struggling US Postal Service looks to bitcoin for new revenue

06 Feb 2014 / Russia Today – Amid a rise in popularity of cryptocurrency, the financially floundering US Postal Service is considering the possibility of adding a bitcoin exchange to its current roster of non-bank financial services. The USPS Office of Inspector General (OIG) led a webinar

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Bitcoin: How its core technology will change the world

Bitcoin: How its core technology will change the world

06 Feb 2014 / New Scientist – The virtual currency is about more than money – the real innovation is what people are doing with the technology it is based on BITCOIN has been called many things, from the future of money to a drug dealer’s dream

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