Another day, another $30 gain

Posted on May 31, 2014

Now approaching the end of its second week, bitcoin’s early summer rally has pushed prices back above $635, recovering more than half of it’s all-time high price of $1,200 seen in late 2013. Although rallies are nothing new for bitcoin, this is the longest sustained price growth seen since the “China bans bitcoin crash” rebound […]

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Report: Ignoring central bank’s warning, Argentina first bitcoin exchange moves forward

Posted on May 30, 2014

Earlier this week, Argentina’s central bank (BCRA) issed a stern warning about the risks of virtual currencies. Although this is a fairly typical attitude towards bitcoin and other cryptocurrencies from central banks across the world, in Argentina the context is different. Argentina’s peso has seen 100% inflation in the last year, and the massive and […]

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Mining hardware maker BitFury announces $20 million financing deal

Posted on May 30, 2014

San Francisco-based bitcoin mining hardware maker BitFury announced today that it had secured a new round of financing worth $20 million dollars. Investors in the new round included Binary Financial, Crypto Currency Partners, Georgian Co-Investment Fund (GCF), Queensbridge Venture Partners and ZAD Investment Company. Angel investors Bill Tai and Jonathan Teo were also involved in […]

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Coinbase’s $10 giveaway to college students results in 20,000 new bitcoin users in two weeks

Posted on May 30, 2014

Earlier this month, bitcoin services provider Coinbase announced a plan to give $10 worth of BTC to every college student opening a new account. Not surprisingly, giving away free money to college students sparked considerable interest on campuses across the nation, resulting in 20,000 student sign ups. Given the high cost of effective advertising in […]

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Bitcoin above $600 threshold for the first time since March

Posted on May 30, 2014

As bitcoin’s current rally heads into its 10th day, prices have skyrocketed up from yesterday’s $570 range to well above $600. Average prices have risen 34% from the previous month’s stagnant $440 range. Bitcoin prices haven’t been above the $600 threshold since March 21, as ongoing downward pressure from Chinese regulators and other factors pushed […]

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Report: Bitcoin ATM hints virtual currency still growing in China … quietly

Posted on May 29, 2014

In a report published today on the Wall Street Journal‘s MoneyBeat blog, reporter Michael Casey claims that bitcoin adoption is still growing in China, although those involved are being less boisterous about it. The article cites the recent launch of China’s first two-way Robocoin ATM in Beijing’s art district as a prime example. Although the […]

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Report: Dutch banks increasingly friendly to bitcoin business

Posted on May 29, 2014

In a report published today on Bloomberg, banking insiders in the Netherlands hinted at growing interest in working with bitcoin-based businesses. With a massive amount of global attention now directed at bitcoin-based payment systems, Dutch banks are becoming interested largely because their most innovative customers are. The report quoted a recent statement by Mark Buitenhek, […]

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Four months after major hack, Silk Road 2.0 says 80% of stolen BTC refunded to customers

Posted on May 29, 2014

In mid-February, Silk Road 2.0 reported that it had been hit by the same transaction malleability bug that may have played a role in the implosion at Mt.Gox. Insiders claimed that around 4,400 BTC (worth about $2.5 million today) had been stolen from the site’s hot wallet. Given that Silk Road 2.0 was a relatively […]

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Coinbase announces partnership with DISH network

Posted on May 29, 2014

Thanks to a new payment partnership with Coinbase, the DISH network now accepts bitcoin payments. With a reach of over fourteen million subscribers, DISH is one of the most recognized brands in the U.S. The direct-broadcast service provider’s satellite dishes are commonplace, particularly outside of metropolitan areas were cable and high-speed phone infrastructure isn’t profitable […]

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Coinbase unveils social-media friendly public payment pages

Posted on May 28, 2014

One of the first stumbling blocks for new bitcoin users is the address system. Although it’s a technically elegant result of the public/private key system, there’s something about a seemingly random string of dozens of letters and numbers that is inherently off-putting to an average person who just wants to try out this new digital […]

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