Archive for the politics Category

Hello Bitcoin, goodbye Western Union? The future of remittance could be digital

Hello Bitcoin, goodbye Western Union? The future of remittance could be digital

22 Dec 2013 / Radio Netherlands Worldwide – For African migrants, sending money back home comes at a high cost: they spend an average of 12.4 percent on transfer fees. Bitcoin entrepreneurs are now coming up with clever ways of bringing the cost of remittance down, all

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RBI has no legal right to ban use of bitcoin: Na Vijayshankar

RBI has no legal right to ban use of bitcoin: Na Vijayshankar

22 Dec 2013 / Times of India – It started out as a geeky vision, an open source, peerto-peer payment network “mined” by computers solving mathematical puzzles and stored in a digital “wallet”. Today, its fluctuating prices are monitored like any other currency, by investors and critics

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One day Amazon will accept Bitcoins. That’s when central banks get nervous

One day Amazon will accept Bitcoins. That's when central banks get nervous
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Amid a turbulent week, a peek inside the world’s busiest Bitcoin exchange

Amid a turbulent week, a peek inside the world's busiest Bitcoin exchange

21 Dec 2013 / Market Place – For a global exchange handling nearly a hundred million dollars worth of trading a day, I was picturing shiny glass offices overlooking an impressive trading floor. But when I arrive to the office of BTC China, I squeeze past two

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Will Overstock.com be bitcoin’s great liberator?

Will Overstock.com be bitcoin's great liberator?

21 Dec 2013 / LA Times – The bitcoin faithful are ever on the lookout for signs that their virtual currency is as good as cash, more than a speculator’s dream and not merely a device for criminal transactions. So you can expect them to make a

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Bitcoin Is The Napster Of The Payment Industry

Bitcoin Is The Napster Of The Payment Industry

20 Dec 2013 / National Review – For months now, most of the focus about Bitcoin, a new digital currency, has been on the possibility of it could become an alternative currency (a replacement for the dollar, even). However, whether Bitcoin succeeds or fails as a unit of

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Bitcoin donations welcome, Newport Beach City Council candidate says

Bitcoin donations welcome, Newport Beach City Council candidate says

20 Dec 2013 / LA Times – When Newport Beach City Council candidate Michael Glenn thinks of freedom, that includes the freedom to choose how to donate — be it with dollar, peso or bitcoin. Glenn claims to be the first local politician to accept campaign donations in

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Bitcoin poker wins online after U.S. shuts cash sites

Bitcoin poker wins online after U.S. shuts cash sites

20 Dec 2013 / Market Watch – Poker websites have started accepting bitcoin from U.S. players to skirt federal legislation that makes it illegal to transfer funds associated with illegal Internet gambling, at a time when bitcoin advocates are striving to distance the virtual currency from illegal

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Ignore what’s happening in China, Bitcoin’s not going away

Ignore what’s happening in China, Bitcoin’s not going away

20 Dec 2013 / Silicon Angle – Bitcoin values plunged yet again on Wednesday after BTC China, the world’s largest Bitcoin exchange, confirmed that it can no longer accept cash deposits in Chinese Yuan Renminbi, according to the AP news agency. BTC China’s announcement comes following rumors

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China Bitcoin Exchange CEO: We’re Not Giving Up Yet

China Bitcoin Exchange CEO: We’re Not Giving Up Yet

20 Dec 2013 / AllThingsD – The largest bitcoin exchange in China, BTC China, is in peril after regulators in the country reportedly moved to block payment processors from accepting the virtual currency. The move leaves the exchange without a way to accept new Chinese yuan deposits

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