Since the triumphant ascension of the cryptocurrency industry, its proponents have long urged the federal governments and the central banks of the world to stand back, refrain from regulations and just mind their own business. However, things might have changed after Tuesday's … [Read more...]
Larry Summers: Bitcoin has potential ‘to be a very, very important development’
Former United States Treasury Secretary and Federal Reserve Chair candidate Larry Summers sat down with Morning Money during the National Association for Business Economics policy conference and the former Obama administration official was asked about bitcoin. His answer was a … [Read more...]
A bitcoin economy would lead to ‘unrest’: David Yermack, professor of finance
Is bitcoin (BTC) a revolutionary currency on the verge of taking down the financial establishment or is it an electronic payments system that is on the cusp of competing and defeating the likes of Visa and PayPal? That's the debate that is going on right now in Silicon Valley and in … [Read more...]
National Bank of Ukraine (NBU) issues warning on dangers associated with bitcoin
Another central bank has come out against Bitcoin (BTC). This time, the National Bank of Ukraine (NBU) issued a statement that informed its citizens about the usual risks of bitcoin: volatility, not guaranteed by a governmental body and potential theft involved with owning the digital … [Read more...]
Dogecoin founder isn’t interested in $500,000 VC funding offer
Over the past two months, dogecoin, a cryptocurrency akin to bitcoin but is inflationary rather than deflationary, has grown in immense popularity. It has helped Olympic athletes achieve their dreams by competing in the 2014 Sochi Winter Olympic Games, while holding fundraisers to … [Read more...]
Bitcoin, “first thing like the Internet since the Internet”
Technology experts and cryptocurrency enthusiasts say the digital currency industry is the “first thing like the Internet since the Internet.” The growing popularity of Bitcoin (BTC) and the widespread adoption of the virtual currency will create specialized parallel processors in … [Read more...]
Cryptocurrencies Creating Jobs in Third World Countries
With the growing popularity and acceptance of cryptocurrency, digital currencies have now become more than just currency or an electronic payment system. Virtual currencies, according to a news release, are now producing jobs in Madagascar. In just two days, individuals donated … [Read more...]
Cumbria First University in the UK to Accept Bitcoin for Tuition
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...]
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...]
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...]
