Archive for the exchange Category

What Is Beijing’s Rationale For Promoting Bitcoin?

What Is Beijing's Rationale For Promoting Bitcoin?

03 Dec 2013 / Forbes – There are several reasons for giving it higher visibility; most recently I’ve noticed that China Telecom CHA -1.26%, a Chinese state-owned enterprise (SOE) is accepting bill payments in Bitcoin. Here are some of the reasons: China’s economy is too slanted to

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Fascinating Number: Bitcoin Mining Uses $15 Million’s Worth Of Electricity Every Day

Fascinating Number: Bitcoin Mining Uses $15 Million's Worth Of Electricity Every Day

03 Dec 2013 / Forbes – Via Marginal Revolution we find the page of Bitcoin statistics. And there we are told that mining bitcoins currently consumes some $15 million’s worth of electricity each day. Which is, when you come to think about it, really a rather astonishing

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Meet ‘Bitcoin Jesus,’ a virtual currency millionaire

Meet 'Bitcoin Jesus,' a virtual currency millionaire

03 Dec 2013 / MSNBC – The astronomical rise in the value of bitcoin—which has surged more than 8,000 percent over the course of 2013—has created a new breed of digital currency multimillionaires. The 34-year-old Roger Ver began investing in bitcoins in early 2011—and made his first

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China’s Largest Bitcoin Exchange Seeks Recognition for Currency

03 Dec 2013 / Bloomberg – BTC China, the nation’s largest Bitcoin exchange, has had low-level discussions with regulators seeking recognition of the digital currency that would allow it to be used to buy goods and services in the country. The company has sought to discuss Bitcoin

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PayPal Could Embrace Bitcoin

PayPal Could Embrace Bitcoin

03 Dec 2013 / Barron’s – Among other facets, we believe Bitcoin and its associated technology represent a potentially game-changing disruption to our covered payments companies. We see the intrinsic value of Bitcoin as the conduit in a new global crowd-funded open-source payment network. We observe three

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Here’s what critics miss about Bitcoin’s long-term potential

Here’s what critics miss about Bitcoin’s long-term potential

03 Dec 2013 / Washington Post – On Sunday, Business Insider’s Joe Weisenthal admitted he was rethinking his former view that Bitcoin was a “currency for clowns.” But Matt Yglesias still isn’t convinced that Bitcoin is anything special: Bitcoins are more portable than either suitcases full of

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My Open Letter to Peter Schiff (followup from the debate today) By Erik Voorhees

My Open Letter to Peter Schiff (followup from the debate today) By Erik Voorhees

02 Dec 2013 / Reddit / By Erik Voorhees – An Open Letter to Peter Schiff A follow-up to the discussion on the Peter Schiff Show, December 2, 2013 (this has been emailed to Peter just now) Dear Peter, It was a privilege and an honor to

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Banking on Bitcoin

Banking on Bitcoin

02 Dec 2013 / Ren Gazzette-Journal – An online travel agency in Los Angeles and a European private university have begun accepting payments in the popular virtual currency known as Bitcoin, a sign that businesses are moving into a new global economic era. CheapAir.com, an online travel

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BitPay Drives Explosive Growth in Bitcoin Commerce

BitPay Drives Explosive Growth in Bitcoin Commerce

02 Dec 2013 / ATLANTA–(BUSINESS WIRE)–BitPay, the world’s leading merchant processor for virtual currencies, announces that in November it processed a record 55,288 bitcoin merchant transactions, representing a 165% increase from October. Strong activity from KNC Miner, Gyft, and Amagi Metals led the increase. “No merchant service

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At Least 54 Bitcoin Clones Have Been Created Since April

At Least 54 Bitcoin Clones Have Been Created Since April

02 Dec 2013 / Business Insider – At least 54 different digital currencies have been created in the past seven months. That’s according to CoinWik.org, a Wiki site tracking digital currencies. The most recent is Asicoin, born on Sept. 11. It’s advertised as a coin designed just

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