The Wall Street Journal posted a short interview with Wences Casares, CEO of bitcoin startup Xapo, regarding his thoughts on the future of bitcoin. Casares predicts that one decade from now, a single bitcoin will be worth somewhere between half a million dollars and a million dollars. That’s quite the lofty predication, and one that […]
Posts Tagged ‘bitcoin’
Newsweek seemingly outs Bitcoin creator Satoshi Nakamoto
In a story published this morning, Newsweek has finally exposed the identity of Bitcoin creator Satoshi Nakamoto. Or at least, Newsweek believes that it has. The story is an odd account of a perhaps over-zealous journalist ambushing a man at his house in California, and proceeding to ask him questions about Bitcoin that he mostly […]
TechCrunch: Is Bitcoin the new Paypal?
TechCrunch posted an article today comparing Bitcoin to the early Paypal days—when fraud, theft, and technical issues ran rampant. TechCrunch’s headline would probably be a bit more accurate if “Mt. Gox” were substituted in place of “Bitcoin” (and to be fair, the body of the article mostly focuses on the current problems plaguing Gox when […]
TigerDirect now accepting Bitcoin
Just a couple weeks after Overstock.com went live with Bitcoin payment processing, TigerDirect today announced that they have also begun accepting Bitcoin on their website. TigerDirect is a major electronics and computer parts retailer, and this development makes them one of the largest businesses to accept Bitcoin thus far. Given the success that Overstock is […]
Overstock.com to accept Bitcoin in 2014
CNN is reporting that Overstock.com will begin accepting Bitcoin for purchases made on its site, starting in the second quarter of 2014. Pretty big news for cryptocurrency—Overstock is the largest U.S. retailer to announce support for Bitcoin thus far. Hopefully the news will cause others to take notice. Update 1/9/2014: That was quick—Overstock went live […]
Bitcoin loses nearly half its value overnight
No doubt most of you have already noticed the huge drop in cryptocurrency prices over the last 24 hours. If you’re wondering what’s going on, China’s central bank has ordered all Chinese Bitcoin exchanges to stop accepting new deposits, which triggered a massive sell-off. CNBC has a pretty good write-up of the story here. Many […]
Spotted on Twitter: Beer for Bitcoin?
Heineken tweeted out a tacit endorsement of Bitcoin yesterday, and the folks at BitPay are taking notice: Beer and Bitcoin, together soon? More likely, this is Heineken simply capitalizing on some free publicity by taking advantage of Bitcoin’s popularity, but we can hope!
CNN asks: can Bitcoin replace Paypal?
CNN currently has a front page story up that asks whether or not Bitcoin will eventually replace Paypal. Interesting timing, as earlier today CNET ran a short piece in which Paypal president David Marcus expressed his enthusiasm for Bitcoin, and admitted that he even owns some. Marcus seems to get Bitcoin. My guess is that […]
Police chief’s salary to be paid in bitcoin
Commissioners in Vicco, Kentucky have approved a measure to begin paying the city’s police chief in bitcoin, starting this month. From the article: Police Chief Tony Vaughn appeared before the commission last month to officially request that his salary be paid to him in Bitcoin, a new virtual currency which exists only on the Internet […]
Happy Bitcoin Black Friday!
Today is Bitcoin Black Friday, and that means there are some good deals to be had for shoppers using bitcoin to pay for their purchases. Remember that the long-term success of cryptocurrency depends on consumers that are willing to spend their coins—so consider making at least one purchase today in support of Bitcoin’s future. Also, […]