Archive | Bitcoins

5 Advantages of Bitcoin

Bitcoin has been quite a hot news item over the past few months and it managed to gain hundreds percent in value in just a couple of months. But what is it that makes bitcoin and cryptocurrency in general so special and why do people believe cryptocurrency could be the next big thing? Low risk […]

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Mt. Gox Finds 200,000 Bitcoins in Old Bitcoin Wallet

Bitcoin exchange Mt. Gox has announced today that during a scan through all of the company’s wallets, it has found 200,000 bitcoins in old wallets that were assumed empty. The 200,000 bitcoins are valued at over $100 million. No compensation Despite the huge number of bitcoins that were found today, there are still 650,000 bitcoins […]

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Bitcoin’s Weak Link: The Exchange

The fall of Mt. Gox has certainly been the biggest news in the world of cryptocurrency for the past few months. Although the mainstream media often portrays the downfall of an exchange as something that the bitcoin is to blame for, the true blame should be put at the exchanges as they certainly are the […]

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Bitcoin offers Solution to US Marijuana Industry

How in the world do you connect the concept of Bitcoins – an uprising form of digital currency marked by it’s decentralized system – to selling/buying medical Marijuana in the United States? Well, it happened at the start of this year when the U.S. government decided to ban credit card payments for pretty much every […]

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The Future of Bitcoins

The major draw of bitcoins for consumers is that they are decentralized, meaning the transaction fees are much lower than those of a bank or credit card processing company. Large amounts of money can be sent across the globe in 10 minutes for only pennies. Bitcoin users also have the option of paying higher fees […]

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Bitcoins Vs. Government

Bitinstant CEO Charlie Schrem was arrested in January for drug trafficking on Silk Road an online black market that allowed for transactions using bitcoins. Federal agents shut down Silk Road in October and investigations are ongoing. More information on the investigations can be found in The Guardian’s The man behind Silk Road article. Since October, the future […]

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Introduction to Bitcoins

Bitcoins are completely digital currencies that are not regulated by financial institutions. As such, they can be used globally and converted into Euros, British Pounds, US Dollars, or any other world currency. Users access bitcoins through a digital wallet. Initially, a user will need to accept bitcoins as a payment for services or purchase bitcoins […]

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