Restaurants, wood shops, hair salons and even public utilities around the world have started to accept bitcoins (BTC). Why not educational institutions? Well, Cumbria University has become the first public university in the world Tuesday to accept the digital currency from some … [Read more...]
Bitcoin is a Commodity According to Bank of Finland
Scandinavia is attempting to tackle the immense popularity of bitcoin and the cryptocurrency industry. The Scandinavian countries are beginning to move forward on how to classify bitcoins (BTC) and what tax to impose on the digital currency. On a global level, the response to bitcoin … [Read more...]
15 Years Ago Milton Friedman Predicted the Birth of Bitcoin
A significant number of libertarians are enthralled with bitcoins (BTC) because it's a digital currency that doesn't come from the federal government and regulators, at least in the United States, have yet to put their hands on the cryptocurrency market. A video that was published … [Read more...]
Porn Could be Set to Catapult Bitcoin into Mainstream Adoption
Regardless of how you feel about porn it's a large part of our financial ecosystem. It's estimated that $97.06 billion dollars is spent world wide every year watching porn. That's $3,075.64 spent every second with 28,258 Internet viewers watching porn per second and one new porn video … [Read more...]
2014 Dates to Remember: Important Upcoming Bitcoin Events & Dates
On this page I have created a list of upcoming events that could have an impact on bitcoin (BTC) in 2014. I have also included bitcoin conferences and expos that will be held in 2014. I will update this page with more important dates and conferences as they are discovered. … [Read more...]
Silk Road Bitcoins Will be Sold Through US Marshal Auction Not on Open Exchange
According to Forbes and verified by checking Justice.gov one of the largest bitcoin (BTC) wallets which is held by the Feds will be sold. Nearly 30.000 bitcoins were seized last October when the online drug exchange Silk Road was taken down. Speculation about what would happens to … [Read more...]
Bitcoin Violates Numerous Laws According to Indonesia Central Bank
The central bank of Indonesia is the latest Asian governmental body to warn against widespread bitcoin (BTC) adoption. In a report by Kontan (via Google translate), Bank Indonesia deputy governor Ronald Waas confirmed that using digital currency like bitcoin is in violation of … [Read more...]
eBay UK Allowing Sale of Virtual Currency: Could eBay become the Next Exchange?
On Feb. 10, eBay UK will be establishing a dedicated Virtual Currency category on its website's classified section. The category will permit users to buy and sell all kinds of virtual currencies, including bitcoin (BTC), litecoin and others. “To promote a trustworthy marketplace … [Read more...]
I Hope Bitcoin Destroys Central Banking, Overstock CEO Patrick Byrne
Speaking in an interview with Kurt Wallace on Rare, Overstock.com CEO Patrick Byrne made it clear of two things: he thinks Nobel Laureate Keynesian economist Paul Krugman is crazy and that his hope is that bitcoin (BTC) destroys central banking. Byrne had lambasted Krugman for his … [Read more...]
Ron Paul on Cryptocurrencies: I Support Competing Currencies
What’s in your cryptocurrency wallet? Bitcoin (BTC), Litecoin or even a Coinye? Well, what about owning some RonPaulCoins named after three-time presidential candidate and bestselling author of “End the Fed” Ron Paul? This month, the RonPaulCoin has been making headlines as it has … [Read more...]
Purchase Sacramento Kings Tickets and Merchandise with Bitcoin
Bitcoin (BTC) continues to evolve and become more mainstream. Starting March 1st you can purchase tickets to watch the Sacramento Kings and merchandise through their online store using bitcoin. The Kings have partnered up with one of the leading bitcoin payment processors, BitPay. … [Read more...]
Bitcoin Could be The Best Investment in Computer History
There have been many bold predictions about the future value of bitcoin (BTC). In the past year, the digital currency has increased substantially from just a few dollars to as high as $1,200 – it’s currently trading at just over $800, which is still quite high. One business expert … [Read more...]
Bitcoin Boom – ATMs, BitLicenses New York and Toronto
Over the past year, bitcoin (BTC) ATMs have started to become ubiquitous all over the world. Entrepreneurs interested in the cryptocurrency industry have already launched such machines in Vancouver, Hong Kong and San Diego with more being planned in other major metropolitan … [Read more...]
Did David Marcus CEO of PayPal Just Publicly Say PayPal Supports Bitcoin?
David Marcus CEO of PayPal may have just hinted that PayPal is a supporter of bitcoin (BTC). As first reported on reddit you can see David Marcus tweets in the image below that "We're believers in BTC". We already know that David Marcus owns bitcoins "I really like Bitcoin. I … [Read more...]
New Bitcoin Insurance Service and Increased Merchant Acceptance Despite China Crackdown
Elliptic Vault, a United Kingdom-based startup underwritten by Lloyd’s of London, is using deep cold storage to become the first company in the world to offer insurance for bitcoin (BTC) owners. According to the company’s website, the bitcoin storage service insures deposits of … [Read more...]
Overstock.com Now Accepting Bitcoin – Bitcoin Value on the Rise
Overstock.com (NASDAQ:OSTK) is now accepting Bitcoin (BTC) for purchases on their website. Overstocks CEO Patrick Byrne has been hinting that they would accept Bitcoin in the future but seeing it go live today was unexpected. Bitcoin is an online digital currency that is quickly … [Read more...]
