Reddit user “jratcliff63367” recently posed an interesting question: What if you had invested $36,600 in bitcoin over the last year at a rate of $100 per day? What would the result of this dollar-cost-averaging approach? His answer was a total of 203 BTC bought over the year, with a profit of $67,119. That’s a whopping […]
Yesterday, hackers gained access to the personal blog of Mt.Gox CEO Mark Karpeles (currently offline), using the space to release over 700 MB of data that appeared to come from the now-shuttered exchange’s internal database. The contents looked damning, hinting that Mt.Gox either had (or at least thought they had) nearly a million BTC in […]
On Thursday, Wikipedia and Wikia founder Jimmy Wales posted a tweet that he was “Playing with BTC” and had bought 0.1 BTC (around $65) via Coinbase. He also posted the address of the account so his Twitter friends could follow along. Wikipedia does not currently accept Bitcoin for donations, but with Wales tinkering with the […]
Within moments of Newsweek claiming to have identified mysterious, possibly pseudononymous Bitcoin creator Satoshi Nakamoto as retired Temple City, California, engineer Dorian S. Nakamoto, many in the Bitcoin community immediately began crying foul. A modest man living a quiet existence with his 93-year-old mother suddenly had his life turned into a media circus, all on […]
It sounds like a programmer’s dream: The Texas Bitcoin Conference Hackathon is currently offering up over $1 million in prizes and contracts for its Bitcoin 2.0 contest. The idea is to build the next generation of decentralized applications and protocols to push Bitcoin into the future. As with many seemingly great ideas, however, the devil […]
Earlier today, New York Department of Financial Services (NYDFS) superintendent Ben Lawsky participated in a Bitcoin-themed Ask Me Anything (AMA) on Reddit, offering a window into the state’s plans for future regulation of the cryptocurrency. Lawsky made headlines last week after sketching out a regulatory framework that would include a “BitLicense” for those doing business […]