Reports of companies both large and small accepting bitcoin is becoming quite an often trend, with large corporations like Dell being the latest to announce their acceptance towards bitcoin. While such news would seem to be positive at first glance, it won’t create the supposed positive impact until the world begins to view bitcoin from a different light. Continue reading
New York made headlines when it announced that all businesses who worked with bitcoin must have a BitLicense. Going forward, it’s likely that an ever increasing number of states will follow suit and create their own legislation for businesses that do business in bitcoin.
Butterfly labs is notorious for being one of the early providers for bitcoin mining hardware. They sell and distribute ASIC mining hardware to people who partake in mining, but are they trustworthy enough to do business with based on their past actions?
When Satoshi Nakamoto created bitcoin, he, she, or they coded the digital currency to be free from external bodies, yet regulations like BitLicense undermine that premise entirely. Continue reading
Following the news of a Malaysian plane being shot down, assets like gold and bitcoin spiked in price. The VIX also surged 32%, while global stock markets took a hit amid fear of further turmoil. News of Israel invading Gaza with ground troops also added to the chaos. Continue reading
Each and every year, more people become cognizant of bitcoin in general, and 2013-2014 is by far the time span in which the greatest number of people first heard about bitcoin. One of the most common questions for newcomers surrounds the creation of bitcoin, through a process called mining. Continue reading
For many bitcoin investors, the most important factor for bitcoin is widespread adoption, where individuals and businesses worldwide partake in the bitcoin ecosystem. Many people believe that as adoption grows, the price of bitcoin will follow, but that doesn’t necessarily seem to be the case going forward. Many people neglect to understand the importance of those who are the backbone of the bitcoin network, the miners, as they play a role more critical than any investor or user ever could. Continue reading
The block chain behind bitcoin is simply the database that stores all transactions that have taken place. This innovative piece of software is the backbone behind bitcoin, and it can soon take over as the backbone for many software applications we utilize going forward. Continue reading
Bitcoin has always been tied in with assets like gold in regards to quality traits, due to it’s deflationary and limited nature. While the price of gold usually goes in the opposite direction from the broad global markets in general, bitcoin has only been around during a bull market, allowing for unusual activity in price action. Continue reading
The Winklevoss twins have verified their ETF (Exchange traded fund) with the SEC and the ticker ‘COIN’ will begin trading as an ETF in the near future. This marks an important milestone for many in the bitcoin community, but the debate rages on over whether it’s more beneficial to buy bitcoin directly or through an ETF that represents a bitcoin investment. Continue reading