Categories for Bitcoin

Why Banks Are Testing Bitcoin’s Blockchain (Without Bitcoin)

July 16, 2015 8:30 am  | Comments: 0 | Views: 4138
Ask a U.S. banker about the prospects for Bitcoin, a digital currency with no trusted central authority or mechanism to reverse transactions, and you’re likely to get a lukewarm answer. But financial institutions are increasingly taking an interest in Bitcoin’s recordkeeping system, known as the blockchain, a so-calleddistributed ledger that can be used to track… View Article

News of Bitcoin’s Death Greatly Exaggerated

June 15, 2015 8:30 am  | Comments: 0 | Views: 3814
Bitcoin startup Xapo recently announced that three financial eminences had signed on as advisory board members: former U.S. Treasury Secretary Larry Summers, former Citibank Chief Executive Officer John Reed and Visa founder Dee Hock. The news signaled that Wall Street is taking bitcoin seriously, which may surprise those who have followed the electronic currency’s decline…. View Article

DISH becomes largest company to accept Bitcoin

August 13, 2014 8:30 am  | Comments: 0 | Views: 3431
Most of Dish Network’s 14 million subscribers are probably not Bitcoin users. But that will not stop the company from accepting payments in the virtual currency later this year. Dish announced on Thursday that customers would be able to make manual payments in Bitcoin beginning in the third quarter. And while Dish may not be… View Article

Can You Travel On BitCoin Alone?

June 24, 2014 6:42 pm  | Comments: 0 | Views: 3993
We haven’t yet reached the point where you can seamlessly book an entire vacation using Bitcoin, but it is getting easier and easier for consumers to use the virtual currency to pay for various bits and pieces of their travel and even to keep track of their rewards points. Check out this FAQ on Bitcoin… View Article

The IRS Just Made A Crucial Ruling About Bitcoin

March 31, 2014 10:30 am  | Comments: 0 | Views: 3689
The IRS has ruled Bitcoin should be treated as property, not as currency, for tax purposes. According to Bitcoin tax expert Tyson Cross, this will create a significant burden on Bitcoin users, as every transaction they ever make using the digital currency will have to be reported in some way. That would not be the case if… View Article

Mt. Gox Finds 200,000 Bitcoins In ‘Forgotten’ Wallet

March 27, 2014 10:30 am  | Comments: 0 | Views: 3878
Mt. Gox said on Friday it found 200,000 “forgotten” bitcoins on March 7, a week after the Tokyo-based digital currency exchange filed for bankruptcy protection, saying it lost nearly all the 850,000 bitcoins it held, worth some $500 million at today’s prices. Mt. Gox made the announcement on its website. Online sleuths had noticed around… View Article

For Bitcoin, Secure Future Might Need Oversight

March 17, 2014 10:30 am  | Comments: 0 | Views: 4447
Nearly half a billion dollars has gone missing, and nobody knows how. Some say there was outright theft. Others suspect fraud. Many blame lax controls, poor oversight and, above all, a reckless, globe-spanning, Wild West culture — a culture that everyone agrees is ripe for wholesale reform. I’m not talking about Bitcoin. I’m talking about… View Article

The Obsessively Secretive Founder of Bitcoin Has Been Unmasked

March 11, 2014 10:30 am  | Comments: 0 | Views: 3808
Press outlets and members of the Bitcoin community have long speculated that “Satoshi Nakamoto” was a pseudonym for — according to various claims over time — certain noted economists, cryptographists and mathematicians across the globe, or even a consortium of inventors. But in the cover story of its first printed issue since 2012, under its new… View Article

Goldman Sachs Takes On Bitcoin

March 4, 2014 10:30 am  | Comments: 0 | Views: 3796
The eye of big finance is finally turning towards cryptocurrency. Responding to requests from clients, Goldman Sachs has put out an early assessment of Bitcoin that says little about the bank’s official position on BTC investment. So far, the financial services firm is neutral regarding the currency and is not actively recommending it to clients… View Article

First U.S. Bitcoin Vending Machine Installed in New Mexico Cigar Shop

February 28, 2014 10:30 am  | Comments: 0 | Views: 4308
Albuquerque, N.M. — not tech-obsessed San Francisco or New York — has claimed the title of first city to install an operational Bitcoin vending machine in the U.S. The machine is up and running, as of Tuesday, at a cigar shop called Imbibe near the University of New Mexico, according to an announcement byLamassu, the machine’s manufacturer. The vending… View Article