Bitcoin’s volatility has returned in full swing, with the digital currency dropping to new 2014 lows in the $450.00-500.00 range. There remains many theories regarding the cause for this downtrend, but an inevitable fact remains that companies are continuing to accept bitcoins through intermediaries, having the intermediaries exchange them for fiat currency thereafter.
JP Morgan took initiative recently by applying for patents surrounding the development of their own custom web cash, only to get denied once again as the patent implications took too broad of a reach. Continue reading
ISIS (Islamic State of Iraq & Al Sham) has claimed a portion of both Syria & Iraq, and their reach is expanding. As they grow, they seek funds to continue their brutal operations, which are more often times than not stolen from innocent civilians. Continue reading
ChangeTip is a unique service that grants users on social media platforms like Tumblr, Google+ (YouTube), Facebook, and Twitter the opportunity to show appreciation to others by tipping them in bitcoin.
Twitch.tv has announced that it’ll be accepting payments for turbo subscriptions in bitcoin. Twitch.tv is the most popular streaming network for video game content, allowing all gamers alike the opportunity to showcase their skills and talents. Continue reading
As far as black market activities go, Silk Road takes the spot for being the most notorious marketplace for buying illegal goods with bitcoins. After that got shut down, there hasn’t been another clear go-to marketplace for people interested in digital commerce for illegal goods. The US Marshall recently auctioned off a good majority of the bitcoins Silk Road made, yet as far as physical person-to-person transactions go, there hasn’t been much enforcement when illegal goods were being exchanged. Continue reading
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