Archive for the finance Category

Coinbase and Overstock.com Announce Largest Bitcoin Merchant Integration To Date

Coinbase and Overstock.com Announce Largest Bitcoin Merchant Integration To Date

09 Jan 2014 / Coinbase Blog – We’re proud to announce a new partnership with Overstock.com, a leading discount online shopping retailer, which will make it possible for consumers to purchase items on their site using bitcoin. Starting today, bitcoin will be a purchase option for any

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The Bitcoin-Mining Arms Race Heats Up

The Bitcoin-Mining Arms Race Heats Up

09 Jan 2014 / Bloomberg – Joel Flickinger’s two-bedroom home in the hills above Oakland, Calif., hums with custom-built computing gear. Just inside the front door, in a room anyone else might use as a den, he’s placed a desk next to a fireplace that supports a

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After Crackdown, a New Bitcoin King Emerges in China

After Crackdown, a New Bitcoin King Emerges in China

09 Jan 2014 / Wired – Back in October, we marveled that a then-unknown company named BTC-China had suddenly become the world’s most popular Bitcoin exchange, helping to push the value of the digital currency over $200. But less than three months later, Bitcoin prices have quadrupled,

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Should Baby Boomers Invest in Bitcoin?

Should Baby Boomers Invest in Bitcoin?

09 Jan 2014 / The Daily Beast – In 2012 it was $5.48. In 2014 it’s reached $1,040. Could Bitcoin fund your retirement years? Growing a retirement nest egg is no easy feat post-recession. But in 2013, a tantalizing new investment vehicle exploded onto the scene, making

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Get Started With Bitcoin In 15 Seconds At CES With This Machine

Get Started With Bitcoin In 15 Seconds At CES With This Machine

09 Jan 2014 / Tech Faster – Bitcoin was most definitely all the rage at CES 2014. We saw some great companies that are utilizing the private, digital currency in e-commerce, as browser plugins and even creating social networks around it. So with all the talk about

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Bitcoin isn’t Money—It’s the Internet of Money

Bitcoin isn’t Money—It’s the Internet of Money

08 Jan 2014 / The Umlaut – Ever since Paul Krugman started weighing in on Bitcoin recently, people have been using his notorious 1998 Internet prediction to mock him: By 2005 or so, it will become clear that the Internet’s impact on the economy has been no

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Bitcoin finds Miami a bit of all right

Bitcoin finds Miami a bit of all right

08 Jan 2014 / Miami Today – What’s value of one US dollar? Depends on the exchange. Today in virtual currency bitcoin, $1 USD is roughly equivalent to .001 bitcoin. Or, one bitcoin is worth one Grover Cleveland ($1,000). While it certainly doesn’t shimmer like gold, Bitcoin

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Could a Civil War-Era Law Stamp Out Bitcoin?

Could a Civil War-Era Law Stamp Out Bitcoin?

08 Jan 2014 / Wired – The Congressional Research Service recently took a close look at Bitcoin, and it discovered a rather unexpected land mine that could bring down the world’s most popular digital currency: the Stamp Payments Act of 1862. This 152-year-old law forbids any American

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Chilean Nightclub to Pioneer Bitcoin in Latin America

Chilean Nightclub to Pioneer Bitcoin in Latin America

08 Jan 2014 / PanAm Post – California Cantina in Santiago will become the first restaurant in Chile, and the first nightclub in all of Latin America, to accept bitcoins, according to their director of press and public relations, Sonia Galleguillos. Officially launching on January 8, the restaurant

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Bitcoin Woos Washington to Ensure Lawmakers Don’t Kill Industry

Bitcoin Woos Washington to Ensure Lawmakers Don’t Kill Industry

08 Jan 2014 / Businessweek – Bitcoin advocates entered Washington a year ago with the shadow of a federal criminal investigation cast over the virtual currency industry. Their first mission: Win over, or at least not alarm, the U.S. Treasury Department’s Financial Crimes Enforcement Network, called Fincen.

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