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Showing 20 of 497 results by patricktim
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[2014-09-12] Bitcoin 'could pose a risk to UK economy'
by
patricktim
on 12/09/2014, 05:46:50 UTC
http://www.telegraph.co.uk/technology/news/11090391/Bitcoin-could-pose-a-risk-to-UK-economy.html

But despite rapidly expanding interest in Bitcoin, it still occupies only a small niche.

The Bank estimates that just 20,000 people in the UK currently hold any bitcoins, and that most of them see it as a store of value rather than money. All Bitcoin-holding Britons combined make as few as 300 transactions per day, it estimates.
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[2014-09-12] Bitcoin platform Coinbase expands to 13 European countries
by
patricktim
on 12/09/2014, 05:42:48 UTC
http://www.cnet.com/news/bitcoin-platform-coinbase-expands-to-13-european-countries/

Starting on Thursday, consumers in 13 European countries -- including Italy, Spain, France and Belgium -- can now buy and sell bitcoins through Coinbase's platform, the company announced. In order to get its service off the ground, Coinbase is calling the expansion a beta program and will limit daily transactions to 500 euros per day. The company expects to raise that limit as time goes on. Coinbase was previously only available in the US.
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[2014-09-12] Apple’s Lesson for Bitcoin: Think Bigger
by
patricktim
on 12/09/2014, 05:38:25 UTC
http://blogs.wsj.com/moneybeat/2014/09/11/apples-lesson-for-bitcoin-think-bigger/

There is no Bitcoin CEO, of course. Still, bitcoin’s leading advocates should use Apple AAPL +0.43%’s mobile payments initiative as cause for reflection. For one, they need to recognize the obstacles that Apple itself faces. The near-field communication (NFC) technology behind Apple Pay has been available in smartphones for a decade – it’s used by Google GOOGL -0.39% Wallet in Android phones, for example – and hasn’t taken off. What’s to say bitcoin would have more luck convincing merchants and consumers to adopt it? After all, whereas Apple is boasting that its system is more secure than credit cards, bitcoin continues to struggle with a negative public image of insecurity, one stoked by the Mt. Gox bitcoin exchange, hacking attacks, and connections with drug dealers. And bitcoin transactions are in a currency prone to volatility; Apple’s will be in dollars.
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[2014-09-11] Coinbase Extends Bitcoin Access to International Customers
by
patricktim
on 11/09/2014, 04:58:25 UTC
http://dealbook.nytimes.com/2014/09/10/coinbase-extends-bitcoin-access-to-international-customers/?_php=true&_type=blogs&_r=0

The company, one of the most popular digital wallet providers, said on Wednesday that it was expanding to 13 European countries, including France, Italy and the Netherlands, by allowing those with authorized European bank accounts to buy and sell Bitcoins in exchange for euros. Previously, only users with United States bank accounts could exchange Bitcoins on Coinbase, though anyone in the world could set up a digital wallet to hold the virtual currency.
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[2014-09-11] Paypal embraces virtual currency bitcoin. Could help bitcoin get so
by
patricktim
on 11/09/2014, 04:43:48 UTC
http://www.washingtonpost.com/news/morning-mix/wp/2014/09/10/ebays-paypal-embraces-anarchic-virtual-currency-bitcoin/

Paypal, the eBay-owned mobile payment system and the world’s second biggest, announced that it would soon let customers pay in bitcoin, the virtual currency. The catch, for the moment, is that merchants will have to agree to accept the use of bitcoin, which for some could be problematic.
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[2014-09-11] How Apple Pay Will Affect Bitcoin
by
patricktim
on 11/09/2014, 04:41:24 UTC
http://www.bidnessetc.com/25357-how-apple-pay-will-affect-bitcoin/

Owners of the iPhone 6 will be able to make payments at shops and restaurants with the help of near-field communication (NFC) technology. It will enable consumers to pay by just taping their phones on wireless readers.

Corporations like McDonald’s Corporation (MCD), The Walt Disney Company (DIS) and Whole Foods Market, Inc. (WFM) have already partnered with Apple, agreeing to install the compatible wireless readers. Moreover, Visa Inc. (V), MasterCard Inc. (MA) and American Express Company (AXP) will be collaborating with Apple in its new service. In addition, big banks including Wells Fargo & Co (WFC), Citigroup (C), JPMorgan & Chase Co (JPM), Bank of America Corp (BAC), among others have also signed up for the service.
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[2014-09-10] API Developer Gem Aims to Streamline Bitcoin App Development
by
patricktim
on 10/09/2014, 05:50:32 UTC
http://www.coindesk.com/api-developer-gem-aims-streamline-bitcoin-app-development/

Bitcoin startup Gem has launched a private beta of what it says is a highly scalable and security-focused API for bitcoin app developers.

The Gem API was designed from the ground up to streamline app development while delivering enhanced levels of security by encrypting and backing up bitcoin storage and building in technologies such as multi-signature authentication.

The platform was showcased and launched at the ongoing TechCrunch Disrupt San Francisco.
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[2014-09-10] The Prospect Of An ETF: Another Reason To Buy Bitcoin
by
patricktim
on 10/09/2014, 05:42:39 UTC
http://www.nasdaq.com/article/the-prospect-of-an-etf-another-reason-to-buy-bitcoin-cm388336

The obvious answer is “nothing”; nothing has changed regarding the long term drivers that made the trade viable in the first place and neither of the initial targets, $660 to the upside nor $390 to the downside, has been reached. The lack of follow through on that initial move up is somewhat worrying, but the formation of some pretty solid support at these levels suggests that upwards is still the path of least resistance.
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[2014-09-10] The Man Who Really Built Bitcoin
by
patricktim
on 10/09/2014, 05:40:52 UTC
http://www.technologyreview.com/featuredstory/527051/the-man-who-really-built-bitcoin/

Some Bitcoin enthusiasts offer bombastic predictions that Americans will shake off the shackles of the Federal Reserve and poor nations will rise to prosperity with the low-cost transactions made possible by the stateless virtual currency. Other Bitcoin boosters have the air of salesmen chasing a mark, reeling off reasons you should buy into the currency that make you feel you’re not getting the whole story. In contrast, Andresen seems to be in search of quiet personal satisfaction, cheerfully calling himself a “geek interested in nuts and bolts things.” He can make a pretty good pitch for Bitcoin, but he quickly slides into technical nuances that would be a turnoff for most. “We say this is going to be the year of the multisignature wallet,” he says when summing up what 2014 holds for Bitcoin.
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[2014-09-09] Gem Launches at TechCrunch Disrupt With Simple Yet Secure Bitcoin P
by
patricktim
on 09/09/2014, 03:10:57 UTC
http://www.marketwired.com/press-release/gem-launches-techcrunch-disrupt-with-simple-yet-secure-bitcoin-platform-developers-1945059.htm

Gem's solution, which can be deployed by developers in minutes, utilizes a three-key multi-signature system and several other integrated bank-grade security features to ensure Bitcoin wallets and funds are always secure and accessible. The combination of multi-signature technology with best-in-class authentication and monitoring systems in one comprehensive platform makes the Gem solution a first for the digital currency world.
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[2014-09-09] PayPal Video Sparks Rumors About Potential Bitcoin Plans
by
patricktim
on 09/09/2014, 03:05:52 UTC
http://www.coindesk.com/paypal-video-sparks-rumors-potential-bitcoin-plans/

PayPal has sparked speculation in the wider digital currency community with the release of a new promotional video that makes reference to bitcoin.

The video, titled ‘PayPal Voices’, was published on the company’s official YouTube page today.
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[2014-09-09] Bitcoin Creator Satoshi Nakamoto Has Lost Control Of His Email Addr
by
patricktim
on 09/09/2014, 03:03:20 UTC
http://www.forbes.com/sites/kashmirhill/2014/09/08/bitcoin-creator-satoshi-nakamoto-email/

Little is known about the mysterious creator of Bitcoin beyond his pseudonym, Satoshi Nakamoto, and the fact that he uses the email address satoshin@gmx.com. However, the latter may no longer be true. Reports are flooding in that the email account has been taken over by someone new, who is using his or her access to the account to email past correspondents of Nakamoto and to daisy chain into other online accounts associated with Bitcoin’s creator.
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[2014-09-08] So, What's up with Bitcoin's Price?
by
patricktim
on 08/09/2014, 03:14:51 UTC
http://www.marketoracle.co.uk/Article47229.html

So, the cooling was not a concern -- but then it continued. Here's the most-commonly-discussed idea:

it's two-fold: technological developments have pushed crypto mining onto a new, higher, plane. It's big business now -- and those businesses are not 'HODL-ing' (holding) the mined coin. They have bills to pay; they are selling it. The second reason is similar: the businesses that have begun accepting Bitcoin (and now altcoins) also have bills to pay. They are selling the cryptos they accept.
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[2014-09-08] This Bitcoin Startup Has Done $110 Million In Sales Less Than 2 Yea
by
patricktim
on 08/09/2014, 03:12:27 UTC
http://www.businessinsider.sg/bitcoin-startup-2014-9/#.VA0dSaOrYU8

This puts KnCMiner in the rare camp of Bitcoin-related companies that have raised over $10 million in VC funds. It joins others like BitPay (32.5 Million in 3 rounds), Coinbase ($31.7 Million in 3 rounds) and Xapo ($60 Million in 2 rounds).
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[2014-09-08] Bitcoin Voucher Startups Aim to Help Africa’s Unbanked
by
patricktim
on 08/09/2014, 03:02:51 UTC
http://www.coindesk.com/bitcoin-voucher-startups-aim-help-africas-unbanked/

British bitcoin voucher service Azteco and South African startup Xoin have separately launched services designed for one potentially huge emerging market; namely, the unbanked populations of Africa.

Azteco, which claims it is “the easiest way to buy bitcoins”, has announced that it is in the final stage of development of its voucher product and is already accepting applications from prospective vendors.
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[2014-09-07] Finance Professor David Yermack Argues that Bitcoin Should Not Be C
by
patricktim
on 07/09/2014, 04:11:46 UTC
http://cointelegraph.com/news/112462/finance-professor-david-yermack-argues-that-bitcoin-should-not-be-considered-as-money

There's a lot of basic financial data that suggests that, in terms of being a store of value for instance, Bitcoin is very volatile on a day to day price," argued Yermack.

The professor noted that Bitcoin was probably more volatile than any other financial assets, adding that the digital currency tented to fall almost 10% on a given day, which makes it much more volatile than any other currencies that are being traded on the markets around the world, as well as gold and shares of stock.
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[2014-09-07] From Hawaii to Slovenia to Zurich to Canada, Bitcoin ATMs Have Gone
by
patricktim
on 07/09/2014, 04:07:50 UTC
http://cointelegraph.com/news/112461/from-hawaii-to-slovenia-to-zurich-to-canada-bitcoin-atms-have-gone-mainstream

Bitcoin ATMs are spreading around the world at an incredible speed. Manufacturers like Robocoin and Lamassu have already sold hundreds of their machines to international companies fond of cryptocurrencies. Brand new locations to place BTMs are being discovered on a daily basis, and believe it or not, local businesses are often more willing than notable corporations to go crypto.
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[2014-09-07] Counterparty is First Bitcoin 2.0 Platform to Offer Armory Offline
by
patricktim
on 07/09/2014, 04:05:09 UTC
http://www.cryptocoinsnews.com/counterparty-first-bitcoin-2-0-platform-offer-armory-offline-wallet-support/

It’s a common theme in conversation that Bitcoin has not yet reached its true, unlocked potential. There’s no question that the developed protocol is at the brink of human technological advancement, but there are still more ways to utilize Bitcoin and move forward. Counterparty is one of those steps forward into Bitcoin 2.0. It’s a person-to-person decentralized exchange that allows users the ability to create their own tokens for bitcoins and Counterparty currency (XCP). Now, Counterparty users can produce unsigned transactions that can be signed by an Armory offline wallet, making it the first Bitcoin 2.0 Platform to offer the function.
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[2014-09-06] We made the wrong call on buying Bitcoins
by
patricktim
on 06/09/2014, 11:55:24 UTC
http://www.vox.com/2014/9/5/6110897/we-made-the-wrong-call-on-buying-bitcoins

I ended up saying yes for a few reasons, and with a few conditions. First, Bitcoin is a large and liquid market that struck me as less like an individual stock and more like, well, a market unto itself. Second, the strange process of buying, holding and selling Bitcoins is, itself, part of the Bitcoin story — and it seemed to me there was value in understanding it, and even writing about it, firsthand. Third, we agreed that the value of the holdings would be capped around $2,000, so I didn't see this as an investment meant to generate personal financial gain. Fourth, we agreed that the holdings would always be clearly disclosed.
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[2014-09-06] Why I'm investing in bitcoins (Updated)
by
patricktim
on 06/09/2014, 11:53:48 UTC
http://www.vox.com/2014/9/5/6086171/why-im-investing-in-bitcoins

This isn't the first time I've invested in the cryptocurency. In early 2012, I bought some bitcoins for around $7 each. I held them until May 2013, when I took a new job at the Washington Post. The Post's strict ethics rules required me to sell them for around $120 each. That proved to be a huge missed opportunity, as bitcoins skyrocketed to more than $1000 before the end of 2013.