With three bitcoin exchanges shutting down after experiencing thefts worth hundreds of millions of dollars, some in the bitcoin community are urging government regulation and intervention to protect consumers. It was reported Sunday that Mt. Gox, one of the world’s biggest exchange … [Read more...]
Mt. Gox is not bitcoin: mainstream media outlets call Armageddon for bitcoin
If anyone outside of the bitcoin community would have listened to various mainstream media outlets this week, one would think that the virtual currency market has imploded, investors have lost their entire net wealth a la 1929’s Black Tuesday and critics have been proven correct. This … [Read more...]
DFS, American Express say bitcoin isn’t a threat to payment network
The most ardent bitcoin holders see a bitcoin industry that takes down the traditional payment network outlets, such as Visa, MasterCard, American Express and an array of others. In fact, because of the low-cost involved in transactions, bitcoiners think it’s inevitable. However, the … [Read more...]
Bitcoin bubble or new all time high with malleability resolution – you be the judge
Bitcoin (BTC) has undergone a tumultuous two weeks after a few cryptocurrency exchanges reported technical malfunctions, particularly Mt. Gox. The value of bitcoin has fallen to as low $102 following a flash crash and has since steadily stayed between $600 and $650 per one bitcoin. … [Read more...]
Jamie Dimon doesn’t understand bitcoin: Patrick Murck, Bitcoin Foundation Lawyer
Last week, Jamie Dimon, CEO of JPMorgan, spoke with CNBC and made a statement that would anger thousands of bitcoiners around the world: bitcoin (BTC) is “a terrible store of value” and that its classification as a currency will eventually come to an end. One of the most powerful … [Read more...]
