Archive for the finance Category

Bitcoin set to disrupt SA market

Bitcoin set to disrupt SA market

13 Feb 2014 / IT Web Security – The use of Bitcoin in SA – as an alternative to the rand – is set to take off as more services are created, awareness grows, and mainstream online stores start accepting the virtual currency. This will disrupt traditional

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Switchless’ Solution Helps Banks Enable Users to Buy, Sell, Save, and Spend Bitcoin

Switchless' Solution Helps Banks Enable Users to Buy, Sell, Save, and Spend Bitcoin

12 Feb 2014 / Finovate – Afterwards, Switchless launched its solution that helps financial institutions enable their users to buy, sell, save, and spend bitcoin: “Our proprietary modular enterprise software

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Mt. Gox tries to pin its own incompetence on Bitcoin bug

Mt. Gox tries to pin its own incompetence on Bitcoin bug

12 Feb 2014 / Extreme Tech – On Friday, Mt. Gox announced that it was suspending BTC withdrawals due to a problem with its payment processing system that necessitated a system shutdown while it worked to fix the problem. Today, the company has released new information claiming

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What’s Going On With Bitcoin Exchange Mt. Gox?

What’s Going On With Bitcoin Exchange Mt. Gox?

12 Feb 2014 – Tech Crunch – Mt. Gox, one of the original Bitcoin trading sites, has shut down its withdrawals system, citing problems related to transaction malleability (more on that shortly). Mt. Gox wrote on their site that this problem has forced them to shut down

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Bitcoin entrepreneurs bullish despite tech trouble

Bitcoin entrepreneurs bullish despite tech trouble

12 Feb 2014 / SFGate – BERLIN (AP) — A freeze on Bitcoin withdrawals imposed by three major exchanges won’t cause any long-term harm to the digital currency’s credibility, entrepreneurs attending a Bitcoin conference said Wednesday. Bitcoin’s value, which topped $1,100 in November, dropped below $630 Wednesday after

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Fiverr becomes another notch on Bitcoin’s belt

Fiverr becomes another notch on Bitcoin's belt

11 Feb 2014 / Crains New York – Fiverr, a global online marketplace for people who offer low-cost services, has begun accepting payment in the digital currency known as Bitcoin. The company, which is based in Tel Aviv but has its marketing and sales headquarters in New

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Bitcoin Buyer’s Market? Price Drop Brings Opportunity To New Investors

Bitcoin Buyer's Market? Price Drop Brings Opportunity To New Investors

11 Feb 2014 / International Business Times – Prices have continued to fall across multiple bitcoin exchanges, caused by a halt of withdrawals on one of the oldest ones. Mt.Gox suspended withdrawal capability on its exchange Friday, starting a chain reaction of price declines that was still

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Use Your Smartphone To Buy Groceries. In Bitcoins.

Use Your Smartphone To Buy Groceries. In Bitcoins.

11 Feb 2014 / Forbes – Bitcoins’ security features, which make fraud difficult within its ecosystem, should further encourage adoption of the currency to buy groceries, says Ciabarra. This is further complemented by the convenience of using ubiquitous smartphones to make payments. According to Fong, over ninety

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Israeli startups dream of a Bitcoin world

Israeli startups dream of a Bitcoin world

11 Feb 2014 / Reuters – “Welcome to the new economy,” boasts a sign at the entrance of the self-styled Bitcoin Embassy in the heart of Tel Aviv. The sparely furnished property opened a few months ago to support a community of Bitcoin fanatics, perhaps the most

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Meet Patrick Byrne: Bitcoin Messiah, CEO of Overstock, Scourge of Wall Street

Meet Patrick Byrne: Bitcoin Messiah, CEO of Overstock, Scourge of Wall Street

10 Feb 2014 / Wired – Patrick Byrne says the zombie apocalypse is coming, and there’s one thing that can save us: bitcoin. He tells me this during a phone call from his car, a black Tesla Model S that’s winding its way through the mountains above

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