Bitcoin

The latest Bitcoin inventor claims don't add up
www.theverge.com

Bitcoin is based on a simple idea: all you need is math. It's the same idea that fueled the cypherpunks and forged large parts of the web. If you get the math right, you can trust it, and then you don't need to trust authorities or institutions. Over ...

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​Former bitcoin miner Digital X reports $1.2m Q3 loss
www.zdnet.com

Fintech firm Digital X has reported a third quarter operating loss of $1.27 million. For the three months ended March 31, 2016, Digital X's bitcoin trading activity produced approximately $5.7 million in revenue, which the company said helped to offset ...

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First Bitcoin ATM arrives in Akron as virtual currency challenges the real thing
www.ohio.com

But the new machine tucked into the back corner of Starz Market across from the University of Akron could be a digital banking revolution in a box. This specialized ATM offers deposits and withdrawals of Bitcoin, the most widely circulated digital ...

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Opposition to bitcoin isn't unique. We've seen this before — with a happy ending
venturebeat.com

From the story of Nikola Tesla, I saw parallels between his invention, alternating current (AC), and what bitcoin has been experiencing for some time now. On June 6, 1884, Tesla arrived in New York. The Serbian immigrant, who was from modern day ...

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Bitcoin price hits 18-month high at $465
www.marketwatch.com

Bitcoin, the world's largest digital asset and payment system when measuring by market capitalization, hit an 18-month high just north of $465 earlier this week, according to Coindesk's bitcoin price index. The price for the so-called cryptocurrency ...

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Bitcoin Price Ends Turbulent Week as Bull Run Fades
www.coindesk.com

Bitcoin prices fluctuated significantly during the week ending 29th April, reaching a yearly high of $470 before falling below $440. Global bitcoin prices enjoyed a strong rally at the beginning of the week, rising 4.2% from $451.10 at 12:00 UTC on ...

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The rise, fall and rise of Bitcoin: Steam Now Accepting the Popular Crypto ...
www.abcmoney.co.uk

This has culminated in the decision of game-streaming platform Steam to accept the crypto-currency, in a move aimed at engaging players located in Brazil, China and India. More specifically, Bitcoin transactions and the supporting Blockchain technology ...

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Russian Law Would Send Bitcoin Users to Jail as Cybercriminals
www.bloomberg.com

The Finance Ministry's proposal would prohibit the issuance of all cryptocurrencies or their use in exchange for goods and services in Russia. Penalties would start at four years in prison and a fine of 500,000 rubles for individuals, with the harshest ...

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Man accidentally sends $137000 worth of Bitcoin instead of $5
www.telegraph.co.uk

A Bitcoin transaction appears to have gone horribly wrong after a hapless user accidentally charged themselves $137,000 (£94,000) over trying to make a $5 transaction. The transaction, which took place on Tuesday, details how the sender apparently ...

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