everyone mining bitcoin

Why the Lack of Ubiquitous Mining is Good for Bitcoin

The profit ratio for mining bitcoin has significantly decreased for everyday miners, nowadays usually ending up in a net loss for said prospective miner. As this barrier for entry to mining has its downfalls, it’s also responsible for maintaining bitcoin’s price at a certain range and preventing widespread panic selling. Continue reading

why bitcoin is poised for a comeback

Why the Price of Bitcoin is Poised for a Comeback

The downtrend bitcoin has been experiencing in terms of value may come to an end soon, as a favorable climate is brewing for future price appreciation. This climate includes global markets taking a recent dive as interest rates globally and more specifically in the US are projected to increase, making the investment climate in equities a less attractive avenue. Continue reading

Google Wallet Apple Pay Bitcoin

How Bitcoin Spurred Tech Companies to Embrace Payment Innovation

Before bitcoin arrived to the payment scene, making payments were often a tedious task, be it through shuffling around for credit cards in person or entering in lines upon lines of personal information on a third party site online. There was clearly a market for payment innovation, and tech giants such as Google & Apple quickly caught on with Google Wallet and Apple Pay, respectively. Continue reading

why the price of bitcoin is in a downtrend

Why the Price of Bitcoin is in a Downward Trend

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.
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black market bitcoin

Has the Black Market Fully Utilized Bitcoin?

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