Archive for the finance Category

08 July 2014 / Recode – Add used cars to the list of products you can now buy with a currency that didn’t even exist a decade ago. Beepi, a two-month-old company that operates an online market for used-car sales, will start accepting bitcoin as a form

08 July 2014 / Wall Street Journal – Some of the biggest names in venture capital are getting behind a maker of underground bitcoin vaults, the latest bet to bolster the digital currency. Xapo said Tuesday it raised an additional $20 million in funding, doubling the amount

07 July 2014 / Credit Union Times – SAN FRANCISCO – Steve Kirsch, CEO of Cointrust, said he has made money every year on his bitcoin investment of $1 million. “I’ve wired $1 million to Slovenia. It does show up at the other end,” said Kirsch at

05 Jul 2014 / Sydney Morning Herald – From little things, bit things grow – rapidly. Melbourne-based web developer Tim Mansell acquired his first bitcoins – a form of digital currency – as an investment early last year when the price started skyrocketing. Now the novelty has

04 July 2014 / Daily Dot – A Bitcoin user, who inexplicably threw $500,000 worth of the digital currency into the abyss last month, has managed to recover his funds. The story starts in early June, when Reddit user TheDJFC posted about how he “messed up big time.” Explaining the

03 July 2014 / Beta News – The US Marshals Service doesn’t normally make economic policy but this week they apparently did so by auctioning 30,000 Bitcoins, a crypto currency I have written about before. This auction effectively legitimizes Bitcoins as part of the world economy. Am