Rumors of bitcoin’s demise have been greatly exaggerated. According to a site tracking “bitcoin obituaries,” the media has proclaimed the seven-year-old cryptocurrency dead more than 100 times, yet a recent resurgence has led to a tripling in bitcoin’s price over the last year. It has survived price crashes, cyber heists and community infighting, but bitcoin’s biggest threat may still […]
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Bitcoin is the virtual currency that everyone is talking about. There are now 15.5 million Bitcoins in circulation. But it’s not the only option out there in the crypto-world. Like Bitcoin, there are coins available to be mined and, eventually, there can be multiple options to be traded on the open market and used to purchase goods and […]
I’ve been interested in bitcoin (BTC) as a concept since its inception. However, I considered bitcoin more of a cryptographic experiment than something that could affect my daily life.
Over the past few years it has been made easier to turn BitCoin back into real currency making it possible to live entirely off BitCoin currency and get rid of those pesky banks. Though do not take it all for granted just like any currency it has its issues and the fact that it’s all […]
Even in 1981 inventors were trying to solve the Internets problems of privacy, security and inclusion with cryptography. With every new process, no solution was perfect, because a third party was involved. Paying with credit card was insecure because too much personal information was involved and transaction fees were steep. In 1998, Nick Szabo wrote a […]
Trade associations from across the world or teaming up together to address the need for consistent laws and regulations governing digital currencies and the technology behind them. Tuesday, the involved organizations including the Chamber of Digital Commerce, based, in Washington D.C. launched the Global Blockchain forum, “blockchain” being the term to describe the technology behind […]
Coinbase announced last week a new Bitcoin debit card that will allow U.S. users to pay with Bitcoin anywhere Visa is accepted.
Bitcoin industry insiders suggest Bitcoin could be as widely used as the Swiss franc and the Australian dollar as they issue an optimistic prediction for the cryptocurrency. U.K.-based Magister Advisors, which advises the technology industry on mergers and acquisitions, interviewed thirty of the leading bitcoin companies from across the globe. It found a consensus view that […]
Blockchain: The technology behind Bitcoin could eliminate fraud and corruption in governments and industries
Many companies are starting to integrate blockchain technology into ledgers, using it to track diamonds and ensure fair land distribution. The projects are first steps toward making governments and industries more transparent and eliminating fraud and corruption.
In March, Bank of America (BoA) filed a patent application titled “System and Method for Wire Transfers Using Cryptocurrency .” The application was published on September 17 by the U.S. Patents and Trademarks Office.