Archive for the finance Category

Independent Scotland ‘could be bitcoin testbed’

Independent Scotland 'could be bitcoin testbed'

03 July 2014 / The Guardian – An independent Scotland could be the perfect testbed for whether a nation can survive using cryptocurrencies instead of fiat money, the assistant governor of Australia’s central bank has suggested. Speaking through a robot from Sydney at the Financial Times’s Camp

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Tim Draper: Bitcoin auction a ‘vote of confidence’ by U.S. government

Tim Draper: Bitcoin auction a 'vote of confidence' by U.S. government

03 July 2014 / Mercury News – Silicon Valley venture capitalist Tim Draper confirmed Wednesday he submitted the winning bid in a government auction of nearly 30,000 bitcoins, saying the acquisition was part of a long-term global investment strategy to spread the virtual currency to developing markets.

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How Bitcoin can transform the developing world

How Bitcoin can transform the developing world

03 July 2014 / Telegraph – Bitcoin, the decentralised crypto-currency, is slowly shaking off the lingering whiff of criminality. Its association with (especially) online drugs markets like the Silk Road and radical anarchists is only half the story, and probably the least interesting half, of what Bitcoin

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Payza Mulling a Plan to Integrate the Bitcoin into Its Online Payment Platform

Payza Mulling a Plan to Integrate the Bitcoin into Its Online Payment Platform

02 July 2014 / ForexMinute – In its official blog, quoting Ali Nizameddine, Executive VP of Product and Technology at Payza, says that the company has started actively exploring different possibilities of integrating Bitcoin into its online payment platform. Ali was quoted as saying that the company

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Russia Softens Stance on Bitcoin

Russia Softens Stance on Bitcoin

02 July 2014 / Wall Street Journal – Russian authorities have softened their tone on Bitcoin; the central bank now says it won’t hamper the usage of the virtual currency whereas previously it had vowed to crack down on the electronic payment instrument. The Bank of Russia

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Coinbase Adds New Type of Bitcoin Account, ‘The Vault’

Coinbase Adds New Type of Bitcoin Account, ‘The Vault’

02 July 2014 / Wall Street Journal – Coinbase, one of the big bitcoin-services companies, has unveiled a new type of account for storing bitcoins, “the vault.” The new account, which the company describes on its blog, now allows users to have two different kinds of accounts: a

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Venture Capitalist Tim Draper Wins Bitcoin Auction

Venture Capitalist Tim Draper Wins Bitcoin Auction

02 July 2014 / New York Times – The venture capitalist Tim Draper was the sole winning bidder of the nearly 30,000 Bitcoins auctioned on Friday by the United States Marshals Service, several people close to the auction said on Wednesday. Avish Bhama, the co-founder and chief

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Bitcoin media coverage distracting from its true potential says Deloitte

Bitcoin media coverage distracting from its true potential says Deloitte

01 July 2014 / City AM – Overzealous media coverage of the controversial aspects of Bitcoin, such as criminal activity, price volatility and exchange collapses could be distracting governments and private businesses from the long-term potential of the cryptocurrency, according to a new report from Deloitte University

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1-800-FLOWERS.COM to Accept Bitcoin for Online Transactions

1-800-FLOWERS.COM to Accept Bitcoin for Online Transactions

01 July 2014 / Wall Street Journal – 1-800-FLOWERS.COM, Inc., the world’s leading florist and gift shop, today reported that it will begin accepting bitcoin, the world’s most widely used digital currency. Beginning this fall, bitcoin will join familiar payment options, including Visa, MasterCard, American Express, and

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Bitcoin gets buy-in from Newegg, the tech-focused retailer

Bitcoin gets buy-in from Newegg, the tech-focused retailer

01 July 2014 / CNet – Electronics retailer Newegg has begun accepting payments in the Bitcoin virtual currency, a move designed to appeal to its technically inclined clientele. “Our customers have been asking for Bitcoin as a payment option for months,” said Soren Mills, chief marketing officer

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