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+6 +2
Bitcoin is going to be huge
There seem to be some really annoying problems with the money systems we use today. And the fact is, we are so used to the status quo, that we stopped recognizing problems, and consequently stopped...
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+14 +7
Argentina Targets Online Purchases to Slow Dollar Reserve Drain
Argentina tightened foreign currency restrictions for a second straight day by further limiting the purchases of goods online, escalating an effort to arrest a decline in dollar reserves. Argentines will be limited to two Internet purchases abroad for delivery at home per year using credit cards, according to a resolution by the tax agency published in the official gazette. The tax agency, known as AFIP, increased paperwork on online shopping yesterday.
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+18 +3
TigerDirect processes $250,000 in Bitcoin Payments in first 17 hours
TigerDirect, a major online retailer, has started accepting Bitcoin as a payment option on their website.
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+14 +1
Bitcoin’s Image Problem
I know manias. I’ve seen them again and again – hordes of people find out about a product or idea, back it with all their might, and are angry when anyone refuses to genuflect to their sacred cow. It happened to Notion Ink, it happens to Apple, it happens to Blackberry, and it happened in the vaccine autism scare, in the truthers, and in countless other subcultures who manifest their undying love with endless devotion and unremitting anger.
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+24 +5
Bitcoin’s Emerging Price Stability
Earlier in January Bitcoin, as it receded as recipient of an infinite press, began to see its trading range tighten after months of wild swings. I pointed..
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+17 +2
Dogecoin to allow annual inflation of 5 billion coins each year, forever
For the last two months, developers and users of Dogecoin, the shiba-themed altcoin (alternative Bitcoin), have been trying to hash out whether it should be an inflationary or deflationary currency. On Saturday, Jackson Palmer, the creator of Dogecoin, wrote on Github that the developer team would keep the code as it is—allowing for some limited inflation.
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+13 +2
Russia Bans Bitcoin
Russia doesn’t do things by halves — Bitcoin can no longer be used by individuals and legal entities anymore. If you have a Bitcoin wallet on your computer, you are now breaking the law. The Central Bank of Russia reiterated that the official currency is the Ruble, and that it considers Bitcoin a money substitute. That’s why the cryptocurrency is now banned.
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+13 +1
Bank of England Staff Said to Condone FX Traders’ Conduct
Bank of England officials told currency traders it wasn’t improper to share impending customer orders with counterparts at other firms, a practice at the heart of a widening probe into alleged market manipulation, according to a person who has seen notes turned over to regulators.
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+15 +2
Inside the world's first-ever Dogecoin party
For starters, real-life Shiba Inus came. "Such soft," the 20-something in front of me said to his friend as he petted a real-life Shiba Inu. He didn't say it enthusiastically, really, but kind of in a monotone, like an afterthought. As if anybody actually talked that way normally.
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+19 +5
Russian authorities say Bitcoin illegal
Russian authorities have issued warnings against using Bitcoin, saying the virtual currency could be used for money laundering or financing terrorism and that treating it as a parallel currency is illegal.
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+16 +2
We're still in the beta phase of digital currencies
At the point of writing this post, Mt.Gox, the Bitcoin's oldest exchange, has suspended transactions and the central bank of Russia -following that of China- has banned it, Bitcoin is once again tumbling and I believe it's the right time to add my views on the matter.
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+14 +1
The troublesome history of the bitcoin exchange MtGox
Most, if not all, of the people interested in the bitcoin phenomenon have heard of MtGox, the Japanese bitcoin exchange. I’ll look in to some of the issues they’ve run into over the handful of years they’ve existed.
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+14 +1
Multiple FlappyCoin currencies launch
A group of London-based IT professionals are set to launch Flappy Coin - yet another cryptocurrency. According to the founders, writing on BitCoinTalk.org, "The aim of the Flappy Coin is to make a fresh difference in the current market. We want to create a stable, reliable coin that can be trusted. We want to promote what we call 'Flappy Bird' ethos -- the concept that even a single person can make a massive impact to the world."
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+11 +1
Inside the Great Bitcoin Heist
Beyond the far reaches of Google lies a web so “deep” even the FBI had difficulty busting drug trades and decoding usernames.
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+18 +1
Bitcoin Itself May Live or Die, but Cryptocurrencies Will Live On
Bitcoin, a purely digital currency, is backed by no commodity and governed by no central bank, but it exists because a small number of humans have chosen to believe in its legitimacy. Its pseudonymous creator (or, more likely, creators) “Satoshi Nakamoto” willed it into existence in 2009, not only describing how the so-called cryptocurrency would work but shipping a full working implementation.
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+28 +1
Amazon Coins Aren’t Bitcoin; They’re Microsoft Points
The definition of “crypto-currency” has gotten a little loose these days.
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+16 +1
Harvard supercomputing cluster hijacked to produce dumb cryptocurrency
Wow. Shibe-faced Dogecoin illicitly mined on Ivy League supercomputer. Amaze!
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+30 +1
If You Have Bitcoin in Mt.Gox, You Are Probably Fucked
Imagine if your bank wouldn't let you withdraw money, ignored your complaints, and then moved offices when you showed up at their door? If you put real dollars into Mt.Gox, the erstwhile top dog in Bitcoin trading, you've probably completely screwed.
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+15 +1
Gold Country couple discovers millions in buried coins
The bonanza emerged last year as the man and woman were walking their dog on their property in the Gold Country and noticed the top of a decaying canister poking out of the ground.
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+22 +1
Inside Japan’s Bitcoin Heist
A former Mt. Gox employee says incompetent management and faulty accounting—not virtual robbers—are the real culprits in the missing millions.
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