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.Read more »
There are some other digital currencies out there that deserve some attention.Read more »
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.Read more »
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?Read more »
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.Read more »
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.Read more »
The self proclaimed, "world's leading provider of correctional, detention, and community reentry services," is set to buy the $5 million naming rights to Florida Atlantic University sports stadium. Capitalism at its' best or a sick salute to the police state of the USA? My only hope is that this raises awareness of the astounding profits being made by the prison industry.Read more »
Here's an idea, bitcoins and unusual hats are changing currency.Read more »
An article in Linux Magazine briefly describes the history and basics of bitcoins.Read more »
Crazy debt collections gone wild. Threatening children and pets and using the force of government they have no authority to actually do.Read more »
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