Archive for the ‘News’ Category

Bitcoin loses nearly half its value overnight

No doubt most of you have already noticed the huge drop in cryptocurrency prices over the last 24 hours. If you’re wondering what’s going on, China’s central bank has ordered all Chinese Bitcoin exchanges to stop accepting new deposits, which triggered a massive sell-off. CNBC has a pretty good write-up of the story here. Many […]

Spotted on Twitter: Beer for Bitcoin?

Heineken tweeted out a tacit endorsement of Bitcoin yesterday, and the folks at BitPay are taking notice: Beer and Bitcoin, together soon? More likely, this is Heineken simply capitalizing on some free publicity by taking advantage of Bitcoin’s popularity, but we can hope!

CNN asks: can Bitcoin replace Paypal?

CNN currently has a front page story up that asks whether or not Bitcoin will eventually replace Paypal. Interesting timing, as earlier today CNET ran a short piece in which Paypal president David Marcus expressed his enthusiasm for Bitcoin, and admitted that he even owns some. Marcus seems to get Bitcoin. My guess is that […]

Police chief’s salary to be paid in bitcoin

Commissioners in Vicco, Kentucky have approved a measure to begin paying the city’s police chief in bitcoin, starting this month. From the article: Police Chief Tony Vaughn appeared before the commission last month to officially request that his salary be paid to him in Bitcoin, a new virtual currency which exists only on the Internet […]

Happy Bitcoin Black Friday!

Today is Bitcoin Black Friday, and that means there are some good deals to be had for shoppers using bitcoin to pay for their purchases. Remember that the long-term success of cryptocurrency depends on consumers that are willing to spend their coins—so consider making at least one purchase today in support of Bitcoin’s future. Also, […]

Coinbase waiving all fees this Friday

Coinbase today announced that they’ll be waiving all fees on 11/29 in celebration of Bitcoin Black Friday. If you’ve been wanting to buy, sell, or trade bitcoin, it won’t cost you a Satoshi at Coinbase this Friday. Coinbase is probably one of the more reliable and trustworthy exchanges available at the moment, if you’re not […]

mcxNOW exchange shutting down temporarily; get your coins out before Dec 20th

mcxNOW just put out notice that they’ll be shutting down temporarily on December 20th to work out some technical issues. The exchange is apparently a one-man operation, and going dark for a month or three to work out the system kinks was deemed the best option. If you use mcxNOW, it’s probably a good idea […]

Buckle up: Virgin Galactic now accepting Bitcoin

Virgin Galactic today announced that your bitcoins can be used to secure a trip into space. So, recent bitcoin millionaires: what better way to celebrate your newly-acquired crypto-fortune than a ride on Virgin’s SpaceShipTwo? Ticket reservations are a cool $250,000 USD—or about 340 bitcoins at current exchange rates. First sandwiches, now spaceship tickets. It’s been […]

Today’s Senate hearing on Bitcoin: surprisingly reasonable

This afternoon’s Senate hearing regarding the future of Bitcoin and other cryptocurrencies went quite well. In fact, the Washington Post is calling the hearing a “Bitcoin Lovefest.” It seems that many of the top US government officials recognize the potential value of Bitcoin, as well as the danger of stifling innovation by attempting to regulate it. […]

Max Keiser predicts $50+ for Litecoin

Looks like Max Keiser agrees with my long-term prediction for Litecoin. He tweeted this morning that he expects Litecoin to hit $50. LTC hit a record high earlier today, reaching nearly $6.50 before pulling back a bit.