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Tag Archives: bitcoin

Weekly Bitcoin Update – 26 July 2014

A recap of the week’s biggest Bitcoin stories from the perspectives of the best sources for e-currency news around the web Industry News Bitcoin’s valuation has once again dropped below the $600 mark. As Joon Ian Wong of CoinDesk reported on July 24th, the cryptocurrency fell to a low of $591.46 at 13:35 UTC. During the thirty days prior to ... Read More »

Weekly Bitcoin Update – 20 July 2014

A recap of the week’s biggest Bitcoin stories from the perspectives of the best sources for e-currency news around the web Industry On July 18th, Dell announced that they would accept Bitcoin payments for all their products through their online marketplace. Previously, Dell had solely accepted the purchasing of gift cards with Bitcoin. The computer hardware company, whose brands include ... Read More »

Weekly Bitcoin Update – 13 July 2014

A recap of the week’s biggest Bitcoin stories from the perspectives of the best sources for e-currency news around the web Industry News A new ATM specifically designed for bitcoin has been released in the Los Angeles area, according to Riley Snyder of the Los Angeles Times. Robocoin’s automated teller machines turn bitcoins into hard cash. The founder of the ... Read More »

Post-Auction Bitcoin Price Analysis

The past few weeks have been very hectic in the Bitcoin community due to the excitement of the US Marshals’ Silk Road Bitcoin auction. About two weeks before the auction, the US Marshals posted on their official website that they would be selling off 30 thousand of the bitcoins seized in the Silk Road bust on June 27. This announcement ... Read More »

Experience: The Arms Race Of Bitcoin Mining Hardware

Personal experience from the miner point of view – As some of you may already know, Bitcoin mining hardware has evolved since its beginning in early 2009. So lets hop in my time machine, I’m going to introduce you to the different families of mining hardware that were used and evolved at a faster pace since mid 2013. At the ... Read More »

Bitcoin news round-up 07.07.2014

Bitcoin continued on its upward trajectory over the past week, rising to $631.48 at the time of writing, up from $598.97 at the start of the week, June 30. Having recovered from some dropback the week prior, the coin is once again comfortably above the $600 threshold; values of which it hasn’t seen since the start of June. Price rises ... Read More »

June 18 FOMC Meeting, What it Means for Bitcoin Price?

On June 18, 2014, The Federal Open Market Committee (FOMC), the policy making committee for the United States Federal Reserve, publicly announced the decisions they made during their 2-day meeting. In this meeting, the FOMC discussed the state of the American economy and deliberated on what the Fed’s policy should be in the near future. Several things came out of ... Read More »

Weekly Bitcoin Update – 1.7.14

A recap of the week’s biggest Bitcoin stories from the perspectives of the best sources for e-currency news around the web Industry News The U.S. government held a bitcoin auction on Friday, June 27th. According to MarketWatch, the government’s supply of digital currency was in high demand, with 63 total registered bids. Individuals interested in the auction include SecondMarket’s Barry ... Read More »

Silk Road Bitcoin hoard sold in US!

Update From Coindesk:  The US Marshals Service (USMS), the federal agency tasked with managing the auction of more than 30,000 BTC seized from defunct online black market Silk Road, has released new data about Friday’s event. The agency told CoinDesk that 45 registered bidders participated in the event, and that 63 bids were received over the course of the auction, which ran ... Read More »

The Silk Road Auction Legitimizes Bitcoin

Recently, the US Marshals have decided to auction off the bitcoins seized in the Silk Road bust that happened in late 2013. As of June 27, 2014, the bitcoins have been sold to the highest bidder. Though, at the time that this article is being written, the winner of those coins remains unknown. There are approximately 30 thousand bitcoins being ... Read More »

Bitcoin News Round-Up 22.06.2014

Bitcoin saw gains this week on a number of good-news items, pushing it from the week’s low of $553.28 on June 15, to $591.29 at the time of writing. The coin’s price was spurred upwards by positive government policy news from both Japan and Switzerland, as well as industry news in support of the cryptocurrency. Industry news OpenBazaar is aiming ... Read More »

List of Silk Road Bitcoin Bidders Leaked by US Marshals

As it was published in Coindesk: A list of potential buyers for almost 30,000 bitcoins confiscated from the now-defunct Silk Road black marketplace has been leaked via email by the US Marshals Service (USMS). The original intent of the email was to inform interested parties about an updated FAQ related to the bitcoin auction. The USMS staffer who sent the ... Read More »

Bitcoin news round-up 17.06.2014

The past week brought positive news for bitcoin despite a 10% price drop since Sunday 8 July. Price decreases over the past week have likely been caused by speculators selling off on fears of the US Marshall’s sale of seized bitcoins will flood the market. Bitcoin holds a value of $599.92 at the time of writing, an improvement of $7.95, ... Read More »

Grandma Sending Christmas Money to Your Wallet Address?

Like any good, disruptive, complex technology, Bitcoin is grossly understood by a society that sees no need for its’ existence, much less a desire to learn how to use it. There was one new technology that was vastly similar to Bitcoin in its’ infancy. Before miners were building rigs or discussing cryptography, a similar cross-section of society was tinkering with ... Read More »

Professionals Voice: Bitcoin Investing Opinions

Bitcoin has gained tremendous support since its conception, and, moving into a new technological era, is being regarded by many as the new way to trade. Many others, however, view Bitcoin as a danger to potential investors. This article will outline some of these opinions, and provide a side-by-side comparison of some of the biggest names the economy and their ... Read More »