It’s been exciting watching litecoin go from ~$10 to ~$30 over the past 48 hours, and seeing bitcoin punch through $1000 today. But I’d urge everyone to not make any rash decisions about dumping large amounts of cash into crypto, with the hopes of riding this crazy train to riches. The current growth is mostly […]
Posts Tagged ‘bitcoin’
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Coinbase waiving all fees this Friday
November 26th, 2013 
CryptoBadger Coinbase today announced that they’ll be waiving all fees on 11/29 in celebration of Bitcoin Black Friday. If you’ve been wanting to buy, sell, or trade bitcoin, it won’t cost you a Satoshi at Coinbase this Friday. Coinbase is probably one of the more reliable and trustworthy exchanges available at the moment, if you’re not […]
Buckle up: Virgin Galactic now accepting Bitcoin
November 22nd, 2013 CryptoBadger Virgin Galactic today announced that your bitcoins can be used to secure a trip into space. So, recent bitcoin millionaires: what better way to celebrate your newly-acquired crypto-fortune than a ride on Virgin’s SpaceShipTwo? Ticket reservations are a cool $250,000 USD—or about 340 bitcoins at current exchange rates. First sandwiches, now spaceship tickets. It’s been […]
Today’s Senate hearing on Bitcoin: surprisingly reasonable
November 18th, 2013 CryptoBadger This afternoon’s Senate hearing regarding the future of Bitcoin and other cryptocurrencies went quite well. In fact, the Washington Post is calling the hearing a “Bitcoin Lovefest.” It seems that many of the top US government officials recognize the potential value of Bitcoin, as well as the danger of stifling innovation by attempting to regulate it. […]
On mining profitability
November 15th, 2013 CryptoBadger With the price of litecoin and bitcoin on the rise, I’ve received a tremendous amount of email over the past couple weeks from people wanting to know whether or not it’s “too late” to get into mining. Or how soon one can expect to break even on a new mining rig purchase. Or what my […]
PSA: Don’t use GPUs to mine Bitcoin!
October 21st, 2013 CryptoBadger With the recent price surge of Bitcoin, I’ve been getting a few messages from people asking about the viability of building a GPU-based rig to mine bitcoins directly. Don’t do that! GPU mining is only suitable for scrypt-based cryptocurrency (Litecoin, etc). If you’re interested in mining Bitcoin, then you absolutely must use ASIC hardware if […]
Bitcoin kiosks coming to five Canadian cities
September 8th, 2013 CryptoBadger Soon, Canadians will be able to exchange cash for Bitcoins at automated kiosks similar to ATMs. Bitcoiniacs, a Vancouver-based brick-and-mortar bitcoin broker, has ordered five of the kiosks and intends to roll them out across Canada in the coming months. The first machine is expected to land in Vancouver this October. From the article: The […]
Android Bitcoin & Litecoin wallets potentially vulnerable to theft due to coding flaw
August 11th, 2013 CryptoBadger Due to a serious flaw in the Java secure random number generator used by many Bitcoin applications on the Android operating system, any wallets generated by Android apps are potentially vulnerable to theft. While the advisory on bitcoin.org only mentions Bitcoin, the flawed code is also used in many Android Litecoin wallets, and probably also […]
Bitcoin legality questioned in Thailand
July 29th, 2013 CryptoBadger Today the Thai-based Bitcoin Co. Ltd., an online bitcoin currency exchange, was forced to shutter operations after receiving notice from the Bank of Thailand that Bitcoin might be illegal due to the lack of any laws that explicitly allow it. From their website: At the conclusion of the meeting senior members of the Foreign Exchange Administration and […]
Marketwatch: Digital currency threatens gold’s value
July 17th, 2013 CryptoBadger A Marketwatch commentary posted today claims that the most significant long-term threat to gold’s value as an investment is the rising popularity of digital currency, such as Bitcoin. From the article: If you just wanted a reliable place to stash your cash, you had two options — deposits in banks in a currency controlled by […]
