Posts Tagged ‘bitcoin’

Techcrunch: people increasingly familiar with bitcoin; majority trust it

Techcrunch posted an interesting article that examines the results of a recent international survey around Bitcoin. It turns out that over a quarter of the people surveyed in the US have heard of Bitcoin, and the majority of those people trust the digital currency. From the article: So what do U.S. consumers make of Bitcoin […]

Australian retailer now accepting Bitcoin and Litecoin

Gizmodo is reporting that Australian electronics retailer Millennius is now accepting both Bitcoin and Litecoin as forms of payment on its website. While quite a few global retailers have already adopted Bitcoin, Millennius believes that they’re the first to accept Litecoin. Good news for cryptocurrency, and especially Litecoin—hopefully more retailers follow suit in the coming […]

Baby “bought” with bitcoins

CNN is reporting on a “bitcoin baby” born to a couple that paid for their fertility treatment services with bitcoins: [Dr. Lee, a fertility specialist] broached the subject with a few of his clients. If he offered a big discount, he asked, would they consider paying him with bitcoins?   “In some cases they reacted like […]

What’s the long-term value of Bitcoin?

Techcrunch has an interesting article up about the potential future value of Bitcoin. Given that there will only ever be at most 21 million bitcoins in circulation, it’s a trivial exercise to calculate how much each coin will be worth, given some assumptions around which markets Bitcoin manages to capture. The article includes an interactive […]

Fox News asks if Bitcoin can “go legit”

In the wake of the DHS seizure of a bank account tied to Mt. Gox and the government shutdown of Liberty Reserve, Fox News takes a look at the increasing regulatory scrutiny that digital currency exchanges are facing from the U.S. government. From the article: “I really believe in complying and keeping track of bad […]

Bitcoin network more powerful than world’s fastest supercomputers—by far

The Bitcoin network is now nearly an order of magnitude faster than the world’s 500 top supercomputers combined, and it’s getting bigger every day. Pretty remarkable considering Bitcoin has only been around for four years.

Guide: Cryptocurrency Wallet Security

So you’ve built your own mining rig, you’ve mastered the art of trading for profit on the cryptocurrency exchanges, but you haven’t given much thought to securing your digital fortune against theft and accidental loss? Don’t worry, you’re not alone. Wallet security isn’t exactly a glamorous topic. In fact, many of you might even assume […]

Department of Homeland Security orders Dwolla to stop processing payments from Mt. Gox

Users on Reddit and the bitcointalk.org forums are reporting receiving emails from Dwolla stating that they are no longer allowed to process payments associated with Mt. Gox, due to a court order from the US Department of Homeland security. The Mt. Gox / Dwolla combination has been the most convenient (and cheapest) way for most […]

Wall Street Journal: Why Bitcoin is being taken seriously

The Wall Street Journal posted a short commentary on Bitcoin today: (if the video doesn’t load for you, click here)

Khan Academy on Bitcoin

The Khan Academy posted an introduction to bitcoin mechanics, including brief overviews of the block chain, mining, and how transactions work: It’s a bit dry, but if you’re fuzzy on the basics of how digital currencies work, you’ll probably find it enlightening.