Last month, an Amazon executive confirmed that the online retail juggernaut would not be accepting bitcoin because it did not see enough demand. The company did launch its own Amazon Coins virtual currency. One bitcoin expert thinks Amazon will eventually allow its customers to pay … [Read more...]
Glenn Beck says he would ‘absolutely invest in bitcoin’
Glenn Beck, a conservative radio political commentator and former CNN host, recently spoke about his visit to Silicon Valley, technological development, business and investment and the peer-to-peer decentralized virtual currency bitcoin on the May 5 edition of the "Glenn Beck … [Read more...]
Survey: 47% of companies open to paying workers in bitcoin, 10% already do
Another poll regarding bitcoin has been released. This time, the poll sought the opinions of 150 companies dealing with the peer-to-peer decentralized digital currency bitcoin and their views on adopting a cryptocurrency payroll. The survey, which was conducted by BitWage, … [Read more...]
Bitcoin needs better consumer protection: Blockchain.info COO
When the bitcoin community discusses about one improvement that the peer-to-peer decentralized digital currency needs, there are a large number of bitcoiners that say it needs better consumer protection, whether it’s through governmental legislation or self-regulations. Speaking in … [Read more...]
Michael Novogratz of Fortress Investment Group: Bitcoin will threaten banks with peer-to-peer lending
In recent months, bitcoin has garnered the support from some high-profile Wall Street investors. From pouring money into bitcoin ventures to acquiring stock associated with the digital currency, it seems there are more bulls in bitcoin these days and is becoming a popular … [Read more...]
Wisconsin political candidate Mark Clear returns bitcoin donations
The state of Wisconsin is in the bitcoin headlines again. This time the news is surrounding Mark Clear, a Madison alderman who is running for state representative. Clear is believed to the first Badger State politician to incorporate bitcoin into his campaign fundraising arsenal. … [Read more...]
Chinese bank announces it won’t allow clients to transact bitcoin, litecoin
Upon orders from the People’s Bank of China (PBOC), financial institutions are beginning to institute restrictions on client accounts to prevent them from taking part in transactions involving bitcoin and litecoin. China Construction Bank confirmed Wednesday on its website that it … [Read more...]
Republican Senator Rand Paul: Back bitcoin by stocks
Libertarians who are critics of bitcoin like to own a currency that is backed by something that is tangible and physical, such as gold and silver bullion. This is one of the premises behind the Austrian School of Economics, the economic theory supported by most libertarians … [Read more...]
Bank of Canada unconcerned about growing popularity of bitcoin
The Bank of Canada is not concerned about the growing popularity of bitcoin. Delivering testimony to the Senate banking committee Thursday, the nation’s top banking officials explained that it was still too early to tell if the cryptocurrency industry will go mainstream. It if … [Read more...]
Larry Summers former US Treasury Secretary: It’s a serious mistake to write off bitcoin
Larry Summers, former United States Treasury Secretary and economic advisor to President Obama, was candid in his viewpoints regarding the economy, the financial system and bitcoin in an interview with the Wall Street Journal on Wednesday. He began the interview by labeling the … [Read more...]
Bitcoin believers find over 4100 bitcoin businesses at Coinmap.org
In the past year, numerous businesses all over the world have entered the bitcoin economy by allowing its customers to pay for the goods or services in the digital currency. This way, they save money on credit and debit card transaction fees and get a little bit of publicity from the … [Read more...]
Idaho Finance Department issues investor alert regarding bitcoin
An influx of investor advisories from states? It appears so after several state departments have issued consumer alerts warning individuals about the risks posed by peer-to-peer decentralized digital currencies like bitcoin. The latest is the Idaho Department of Finance, which … [Read more...]
MasterCard’s lobbying focus in Washington will be on bitcoin
In a quarterly federal lobbying disclosure record report, it was discovered that MasterCard would be paying lobbying firm Peck Madigan Jones to focus on peer-to-peer decentralized digital currencies like bitcoin. Five of the firm’s lobbyists will centre on bitcoin and mobile payments … [Read more...]
Bloomberg incorporating bitcoin prices into financial terminals
Bloomberg is planning to incorporate bitcoin prices into its suite of financial data terminals, according to a blog post written by the company on its corporate website. Some experts say that this measure is another step toward complete legitimacy and perhaps even a supposed stamp of … [Read more...]
Bitcoin advocate Stefan Molyneux’s YouTube, Google accounts disabled
Stefan Molyneux is a libertarian commentator who operates Freedomain Radio, a YouTube channel that allows him to pontificate on the matters of political philosophy, history, libertarianism and virtual currencies. He has been a staunch supporter of bitcoin and has recorded numerous … [Read more...]
New Yelp feature helps consumers find businesses that accept bitcoin
Are you interested in doing business with a retailer that accepts bitcoin as a method of payment? Well, instead of doing an extensive web search, visitors can now simply visit Yelp and it will inform them if the merchant does in fact accept bitcoins or not. Yelp officially … [Read more...]
Nevada financial watchdog issues investor guidance on bitcoin, virtual currencies
Over the past several months, federal governments and central banks have issued warnings notifying consumers about the dangers and risks associated with investing in bitcoin. Now it seems there are states that are following the same route and publishing their own cryptocurrency … [Read more...]
Bitcoin cannot be accepted as payment for alcohol in the State of Ohio
In the months and years to come, experts project that state governments would be implementing rules and regulations pertaining to bitcoin. New York is on the verge of installing bitcoin licenses (PDF), while more states have been issuing investor alerts (as we reported Monday … [Read more...]
Hackers mined bitcoins using Iowa State University servers
The IT staff at Iowa State University discovered that its servers had been hacked and compromised the names, birthdates and social security numbers of approximately 30,000 students. Another nearly 20,000 students had their university identifications breached. According to a letter … [Read more...]
Report: Revenue from bitcoin must be declared to French authorities
In most nations to date, governments have announced that bitcoin would be subjected to tax, even though most states have not identified the peer-to-peer decentralized digital currency as a legitimate form of money. The same can be found in France, where the Ministry of Economy and … [Read more...]
