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Keyword: cryptocurrency

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  • First-of-its-kind bitcoin debit card launching, automatically converts bitcoin into native currency

    05/05/2014 10:08:58 AM PDT · by null and void · 7 replies
    Electronic Products ^ | 5/1/14 | Max Teodorescu
    Creating the infrastructure needed to push the crypto-currency to fruition If bitcoin transactions were less cumbersome, the digital currency could potentially become the premier international currency of the world. But as it stands, using cash or credit for everyday purchases is much more practical. Xapo, the bitcoin wallet and storage service, seeks to reshape this paradigm using a debit card that taps directly into a user’s bitcoin storage and is accepted anywhere in the world where MasterCard is. The Xapo debit card works similarly to a bank issued debit card, performing transactions in real time; when a user purchases a...
  • Bitcoin Tipping Point & Mass Adoption

    03/25/2014 7:10:48 AM PDT · by Errant · 12 replies ^ | 23 March 2014 | Drew Carey
    The Bitcoin Tipping Point is coming and it will be the Big Bang of disruption in financial services, money and payments as we know them! I often think about the “tipping-point” in Bitcoin’s journey to mass adoption and regularly as myself several questions. When will it be noticeable and what will trigger it? Has it already begun or if not, how far away are we? How do you define or measure “mass adoption” of Bitcoin? A bitcoin meme of Morpheus and Neo posted online recently got me thinking again about how Bitcoin’s true exit most likely itself. Once a significant...
  • Macro Energy Shares Soar on Australian Stock Exchange Following Bitcoin Deal

    03/15/2014 4:26:19 PM PDT · by TsonicTsunami08 · 7 replies
    CoinDesk ^ | March 14, 2014 | Nermin Hajdarbegovic
    Shares of Australian investment firm Macro Energy gained 42% yesterday, after news emerged that it plans to enter the bitcoin space and raise A$9.1m ($8.2m) in funding.
  • Current Criticisms of Bitcoin Are at Least 10 Years Too Early

    03/09/2014 2:14:41 PM PDT · by TsonicTsunami08 · 12 replies
    CoinDesk ^ | March 9 2014 | Scott Rose
    The mainstream media often overlooks all the amazing and positive developments that are happening in the bitcoin world, as well as the incredibly innovative and supportive community that is building around bitcoin. To paraphrase Mark Twain: “The reports of bitcoin’s death have been greatly exaggerated.”
  • Bitcoin ATM Gets Surprise Launch in Biggest Boston Train Station

    02/20/2014 1:11:28 PM PST · by TsonicTsunami08 · 2 replies
    CoinDesk ^ | February 19, 2014 | Pete Rizzo
    Though they missed becoming the first operational bitcoin ATM in the US by less than 24 hours, the entrepreneurs behind Liberty Teller caused quite a stir when they revealed that they would boot up their new Lamassu machine in Boston’s busy South Station on 19th February.
  • eBay Building Digital Wallet That Stores ‘Multiple Types’ of Currency

    02/19/2014 6:48:39 PM PST · by TsonicTsunami08 · 8 replies
    Coin Desk ^ | February 19, 2014 | Nermin Hajdarbegovic
    John Donahoe, eBay’s CEO, has confirmed that the company is building a digital wallet for PayPal that can take multiple types of currency.
  • The Wall Street Journal Launches BitBeat!

    02/06/2014 2:42:51 PM PST · by TsonicTsunami08 · 2 replies
    Altcoin Press ^ | Feb 6, 2014 | MicroGuy
    This week the Wall Street Journal joined Forbes as one of the few old-school news outlets having a dedicated page for cryptocurrency coverage.
  • Congressional Leaders, Foundation Praise FinCEN Guidance [Bitcoin]

    02/01/2014 9:38:53 AM PST · by Errant · 2 replies
    Coin Desk ^ | 31 January 2014 | Danny Bradbury
    FinCEN’s rulings on cryptocurrency compliance yesterday have drawn praise from a congressional leader. He nevertheless cautioned government agencies to continue working together on a cohesive strategy to deal with virtual currency. Senator Tom Carper (D-Del) praised the Treasury-based agency for releasing the two rules, which exempted miners from MSB licensing, and also clarified rules for businesses that wanted to buy and sell bitcoins for their own purposes.
  • TigerDirect Becomes the Latest Retail Giant to Pounce on Bitcoin

    01/23/2014 2:28:30 PM PST · by TsonicTsunami08 · 13 replies
    CoinDesk ^ | 1/23/2014 | Jon Southurst
    Another major online retailer has announced that it is now accepting bitcoin. This time it’s TigerDirect.
  • Google Lets Slip That It's Exploring Possible Bitcoin Integration Plans

    01/22/2014 5:52:18 PM PST · by TsonicTsunami08 · 13 replies
    Forbes ^ | 1/22/2014 | Andy Greenberg
    <p>Since OSTK +1.52% began accepting Bitcoin payments earlier this month, the cryptocurrency community has been buzzing with speculation about which tech company will integrate Bitcoin next. So Jarar Malik decided to ask.</p>
  • As Bitcoin Infrastructure Booms, Mining Heads to the Data Center

    01/22/2014 5:47:08 PM PST · by TsonicTsunami08 · 8 replies
    Data Center Know ^ | 1/21/2014 | Rich Miller
    This is the first of a two-part series on the boom in Bitcoin computing infrastructure, and what it means for the data center industry. Emmanuel Abiodun once mined for Bitcoins on a desktop computer in his home. He’s now running 160 powerful computers in server space in Iceland, where the machines are cheap to power and cool. Later this year, Abiodun expects to have an empire of 4,000 bitcoin mining rigs spread across two continents, eventually filling nearly 5 megawatts of data center space.
  • Bitcoin ATM Installations Surge in Canada

    01/19/2014 8:53:50 AM PST · by TsonicTsunami08 · 6 replies
    CoinDesk ^ | January 19, 2014 | Joon Ian Wong
    Three cities in Canada are set to have bitcoin ATMs installed in the coming weeks, making the country the top ATM location in the world. New ATMs will be installed in the Canadian capital city Ottawa as well as Montreal and financial hub Toronto. The ATM operators are announcing their plans to install machines across the country even as Canada’s central bank issued a statement yesterday declaring bitcoin is not recognised as legal tender there.
  • From Space Travel to Pizza, Your Bitcoin Goes Far These Days

    01/18/2014 12:05:35 PM PST · by TsonicTsunami08 · 13 replies
    The Wall Street Journal/ Money Beat ^ | Jan 16, 2014 | Michael J. Casey and Paul Vigna
    You can’t get much more mainstream than professional American sports. In that sense, Thursday’s news that the Sacramento Kings basketball team will let its fans use bitcoin to purchase tickets, jerseys, hot dogs and anything else from its selection of products may go down as a key moment in the digital currency’s coming of age.
  • Sacramento Kings are the latest to accept bitcoin payments

    01/16/2014 7:57:08 PM PST · by TsonicTsunami08 · 1 replies
    Yahoo Fiance / The Exchange ^ | 1/16/2014 | Aaron Pressman
    Bitcoin, the virtual currency that so far has attracted more hype than actual usage, took another step into the mainstream on Thursday as the Sacramento Kings basketball team said it would start accepting it for purchases. The King’s new lead owner, Vivek Ranadivé, who made a fortune in the tech industry as founder and CEO of software firm TIBCO (TIBX), is working to revive interest in one of the NBA’s historically less popular franchises. The NBA last year denied a bid to move the team to Seattle.
  • First bitcoin ATM to debut in NYC

    01/12/2014 7:20:10 AM PST · by TsonicTsunami08 · 28 replies
    New York Post ^ | January 12, 2014 | 5:50am | Joseph Gallivan
    Bitcoin ATMs are coming to the city. Josh Harvey, co-founder of Lamassu, showed off the first bitcoin dispenser at last week’s Consumer Electronics Show and has found quite a bit of interest for the $5,000 machines. The machine, designed and manufactured in Portugal, looks like a typical deli ATM — but functions more like a vending machine. You put in US dollars and receive bitcoins back on your phone.
  • Becomes First Major Retailer to Accept Bitcoins

    01/09/2014 2:25:16 PM PST · by TsonicTsunami08 · 20 replies
    Coindesk ^ | 1/9/2014 | Coindesk/Coinebase
    Online retail giant has moved forward its plan to take bitcoin payments. The company began taking the digital currency on its site this morning. About $10,000 worth of bitcoins from about 100 customers has reportedly already been spent since Overstock made the announcement just a couple of hours ago.
  • The State of Bitcoin in Latin America

    01/02/2014 7:33:29 AM PST · by InsightSur · 3 replies
    It is clear that certain areas of Latin America have more incentive than others to adopt a decentralized and secure currency due to instability, and political meddling. At the same time, potential users in Latin America face technological and infrastructure barriers.
  • How You Should Have Spent $100.00 In 2013 ( Hint: Bitcoin)

    12/28/2013 9:32:22 PM PST · by TsonicTsunami08 · 15 replies
    Forbes ^ | 12/26/2013 | Kashmir Hill
    If you could get in a time travel machine and head back to the beginning of the year, you would best do so with Bitcoin on the brain. We took a look at how the major tech stocks performed this year in comparison with digital currencies, and for comparison’s sake, threw in gold and the best of the staples, cocoa (thanks to chocolate eaters in Asia). You wouldn’t have gone wrong with any of the tech stocks, but Bitcoin was far and away the best investment to make this year, even having fallen from its $1200 peak to its current...
  • Why is Apple so sour about Bitcoin?

    12/27/2013 11:02:52 PM PST · by TsonicTsunami08 · 32 replies
    Wall St. Cheat Sheet ^ | 12/10/2013 | Emily Coyle
    There are a handful of companies you don’t want to mess with, and one of them is Apple (NASDAQ:AAPL). The tech giant has serious clout these days, and its support or endorsement could mean the world for struggling startups and new technology. Unfortunately for many, though, Apple doesn’t exactly give out its approval liberally, and in fact, it has no problem handing out the opposite. Developers behind Bitcoin, the digital currency, learned that lesson the hard way recently as they faced several rejections from Apple, and questioned why the Cupertino, California-based company seemed to have it out for them.
  • Chase-ing Bitcoin: Is JPM Preparing To Unveil Its Own Electronic Currency?

    12/10/2013 9:42:46 AM PST · by Errant · 32 replies
    Zero Hedge ^ | 10 December, 2013 | Tyler Durden
    If you can't beat 'em, join 'em, copy 'em, and then beat 'em. While everyone's attention has been glued to Bitcoin (and its various smaller and less viable for now alternative digital currencies), JPMorgan has submitted a patent which appears to set the scene for a competing centralized network to Bitcoin. As LetsTalkBitcoin noted first, the "Method and system for processing internet payments using the electronic funds transfer network," states that Chase's technology is a "new paradigm." Moreover that it permits the creation of "virtual cash" (also referred to as "web cash") with a "real-time digital exchange of value."