Money

3

Bitcoin 'Glitch' Sparks 23% Flash Crash

http://www.zerohedge.com

The unregulated digital world of Bitcoins suffered another flash-crash last night. According to Ars Technica, the 23% plungefest in the value of the digital currency (the second in a week) was due not to Waddel & Reed, not HFT algos, but 'forking' Cryptographic algos gone wild agreeing on different (legacy) keys as being correct - akin to finding Tungsten in your Gold bars (and hence the drop in the value). This latest glitch is different from the problem that caused Bitcoin prices to briefly crash to zero in June of 2011.

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STACKS's picture
Created by STACKS 1 year 26 weeks ago – Made popular 1 year 26 weeks ago
Category: Money   Tags:
4

Why cyber currency Bitcoin is trading at an all-time high

http://money.cnn.com

Bitcoin sounds like something from science fiction: A purely digital currency, created by an anonymous hacker, that operates outside the world's traditional banking systems. The four-year-old currency is very real, though, and it's trading an all-time high, tripling in value in the last two months alone. One bitcoin is was worth about $40 U.S. dollars on Tuesday, and surged on Wednesday to nearly $49. That's up from around $13 in January, and 5 cents in 2010, according to Mt. Gox, the bitcoin market's main exchange.

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Cyphase's picture
Created by Cyphase 1 year 27 weeks ago – Made popular 1 year 27 weeks ago
Category: Money   Tags:
3

Does Bitcoin have Competition?

http://silverunderground.com

There are some other digital currencies out there that deserve some attention.

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MuslimNonarchist's picture
Created by MuslimNonarchist 1 year 27 weeks ago – Made popular 1 year 27 weeks ago
Category: Money   Tags:
3

Only one goal – Get Major Online Retailers to Accept Bitcoins

http://www.alaskadispatch.com

bitcoinstore.com, an electronics retail outlet that only accepts Bitcoins as payment. Bitcoinstore.com stands out among potential competitors because the site's investors have only one goal – to urge major online retailers to start accepting Bitcoin.

"The idea behind the site entirely is to force Amazon and Newegg to accept Bitcoin by saying 'Hey, look at our prices, we beat you, now beat us,'" said bitcoinstore.com head of marketing Jon Holmquist.

To do that, bitcoinstore.com sells its products at 0 percent markup.

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kelvin's picture
Created by kelvin 1 year 28 weeks ago – Made popular 1 year 27 weeks ago
Category: Money   Tags:
3

Potential Threat to the Liberty of Bitcoin?

http://bitcoinmagazine.com

What will be the future of Bitcoin now? Will US Government enforce conversions of Bitcoin to USD be made entirely through wallstreet under threat of death?

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RADROB's picture
Created by RADROB 1 year 28 weeks ago – Made popular 1 year 28 weeks ago
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3

In bid for credibility, largest BTC exchange moves to Silicon Valley

http://arstechnica.com

The world's leading Bitcoin exchange, Mt. Gox, has announced a partnership with the Silicon Valley startup Coinlab. Under the agreement, Coinlab will handle Mt. Gox's American operations, which account for a large majority of the exchange's business. The transition will occur on March 22. CoinLab raised half a million dollars of venture capital last year. At the time, the firm was touting a scheme to exchange bitcoins for currency in games such as World of Warcraft and Second Life. Taking over Mt.

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Cyphase's picture
Created by Cyphase 1 year 28 weeks ago – Made popular 1 year 28 weeks ago
Category: Money   Tags:
3

A great way to promote Bitcoin

http://wp.me

Here is a great way to promote Bitcoin. We have to let vendors know that at this part of the game, accepting Bitcoin is as good as free advertising. It is also relatively easy.

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maxalexwell's picture
Created by maxalexwell 1 year 29 weeks ago – Made popular 1 year 28 weeks ago
Category:   Tags:
3

Bitcoin Basics

http://www.linux-magazine.com

An article in Linux Magazine briefly describes the history and basics of bitcoins.

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rjmort's picture
Created by rjmort 1 year 30 weeks ago – Made popular 1 year 30 weeks ago
Category: Money   Tags:
6

Bitcoin’s Gains May Fuel Central Bank Concerns: Bloomberg

http://www.bloomberg.com

An increase in the value of bitcoin, the world’s largest online currency, may fuel concerns that virtual money could undermine the role of central banks.

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roryn3kids's picture
Created by roryn3kids 1 year 32 weeks ago – Made popular 1 year 32 weeks ago
Category: Money   Tags:
6

Bitcoins Future?

http://spectrum.ieee.org

Is ripple a potential new way to get bitcoins? maybe it is that and more (or less) ...

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nasty's picture
Created by nasty 1 year 34 weeks ago – Made popular 1 year 34 weeks ago
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