Archive for the finance Category

Credit card security is broken. Here’s how Bitcoin could help fix it.

Credit card security is broken. Here’s how Bitcoin could help fix it.

30 Dec 2013 / Washington Post – My wife and I are planning a trip to Asia in January, and so I’ve been making hotel and airplane reservations. In the process, I’ve had first-hand experience with the dysfunctional state of international credit card payments. I’ve had three

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That Giant Bitcoin Crash in the Wake of China Restrictions? It Never Happened.

That Giant Bitcoin Crash in the Wake of China Restrictions? It Never Happened.

30 Dec 2013 / AllThingsD – When news surfaced two weeks ago of a fresh round of restrictions that China was placing on businesses transacting in the bitcoin ecosystem, the value of bitcoin plummeted. The CoinDesk Bitcoin Price Index, for example, showed that bitcoin traded as low

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‘Voluntarily Homeless’ Man Lives Off Bitcoin, Android Tablet and a Solar Charger

‘Voluntarily Homeless’ Man Lives Off Bitcoin, Android Tablet and a Solar Charger

30 Dec 2013 / CoinDesk – A nomadic man in Spain is living off bitcoin, an Android tablet and a solar charger. The man, who wanted to be known only by his first name, Justas, is documenting his eighth year of homelessness, which he stresses is a

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Tech People Are Passing Around This Paul Krugman Quote On The Internet

Tech People Are Passing Around This Paul Krugman Quote On The Internet

30 Dec 2013 / Business Insider – Paul Krugman upset the Bitcoin community over the weekend when he wrote a blog post titled “Bitcoin is Evil.” In the post he said he was “deeply unconvinced” that Bitcoin can actually work as a form of currency. He doesn’t

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New Coinbase for Android, and Coinbase Merchant App Released For Android

New Coinbase for Android, and Coinbase Merchant App Released For Android

30 Dec 2013 / Coinbase Blog – We just released Coinbase for Android 2.0 on the Play Store. Coinbase for Android 2.0 features a new UI along with improved speed, reliability, and ease of use. We’re also releasing an all-new Coinbase Merchant app, which makes it easy

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Bitcoin Buys Burgers to Beer as Shoppers Go Virtual

Bitcoin Buys Burgers to Beer as Shoppers Go Virtual

30 Dec 2013 / Bloomberg – What do a street-van burger, a wedding bouquet and a Beatles album have in common? They’re all on a growing list of products shoppers can buy over the counter using the virtual currency Bitcoin. From Berlin record store Long Player to

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Taiwan competitors aim to capitalize on Bitcoin ban in China

Taiwan competitors aim to capitalize on Bitcoin ban in China

29 Dec 2013 / China Post – TAIPEI, Taiwan — Following the announcement by the Chinese central bank that Bitcoin would not be permitted as legal tender, a Taiwanese company has stepped up efforts to capitalize on the vast mainland market’s potential electronic commerce revenues denominated in

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Retailers see big upside by accepting bitcoins

Retailers see big upside by accepting bitcoins

29 Dec 2013 / NY Post – Shave and a haircut — two bitcoins? Sure, its value might rise and fall by the day, but some small-business owners in New York City are buying into bitcoin by accepting the buzzed-about currency at their brick-and-mortar locations. They’re saying

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The U.S.’s 5 Most Bitcoin-Friendly Cities

The U.S.'s 5 Most Bitcoin-Friendly Cities

28 Dec 2013 / Motely Fool – It’s OK, you can admit it. You think Bitcoin is kind of cool. You haven’t told your spouse that. You wouldn’t dare tell your coworkers. But it’s OK, you can admit it to me — it’ll be our secret. You dig

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Bitcoin miners do not have to register as money transfer services: ruling

Bitcoin miners do not have to register as money transfer services: ruling

28 Dec 2013 / Slash Gear – Bitcoin miner Milly Bitcoin has done a little citizen letter-writing, and the results should make virtual currency miners breathe a sigh of relief. Milly Bitcoin’s mining company Atlantic City Bitcoin last June wrote to the U.S. Department of the Treasury’s

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