New FinCEN ruling allows Bitcoin at marijuana dispensaries Marijuana has been legalized in Colorado and Washington state for recreational purposes, as well as eighteen other states and the district of Columbia for medicinal use. But since marijuana remains illegal under federal law, many appropriately licensed marijuana dispensaries have had to deal in cash only due Continue reading “New FinCEN ruling allows Bitcoin at marijuana dispensaries”
Category Archives: Cryptocurrency
South Africa’s Standard Bank pilots integration with Bitcoin
South Africa’s Standard Bank pilots integration with Bitcoin Switchless co-founder Marcus Swanepoel announced at Finovate Europe 2014 that his firm’s product enables Standard Bank of South Africa account holders to trade with Bitcoins and store it in a secure wallet. It is being test run by an internal pilot group in South Africa’s Standard Bank, Continue reading “South Africa’s Standard Bank pilots integration with Bitcoin”
Purchase Alienware with Bitcoin from Gyft
Purchase Alienware with Bitcoin from Gyft Gyft.com is now offering gyft cards for Bitcoin. Dell is one of the Gyft merchants, which means that Gyft users are given the opportunity to purchase the mobile gyft cards to redeem for products at Dell as well as some other major merchants in the U.S. Users can Continue reading “Purchase Alienware with Bitcoin from Gyft”
No one agrees with Mt. Gox
No one agrees with Mt. Gox Since Mt. Gox highlighted that the withdrawal delay is due to transaction malleability, the statement has raised many response, but none that agrees Bitcoin protocol is the real problem. Bitcoin core developer, Gregory Maxwell are quick to dismiss Mt. Gox’s claims. Gregory mentioned that Gox blamed it on Continue reading “No one agrees with Mt. Gox”
Bitcoin price took a plunge as Mt Gox highlights Bitcoin flaw
Bitcoin price took a plunge as Mt Gox highlights Bitcoin flaw Mt. Gox has issued an official statement which blamed a critical flaw in the cryptocurrency for their decision to halt all Bitcoin withdrawals. To address the concerns raised by users, the company said that it is working hard to resolve a technical issue that Continue reading “Bitcoin price took a plunge as Mt Gox highlights Bitcoin flaw”
TigerDirect now accepts Bitcoin
TigerDirect now accepts Bitcoin Earlier this month, the online retail giant Overstock.com announced that they are accepting Bitcoin as a method of payment. This Thursday, TigerDirect revealed that they are now accepting Bitcoin as well. The US major electronics and computer parts retailer would be one of the largest businesses to accept Bitcoin thus far. Continue reading “TigerDirect now accepts Bitcoin”
Why everyone should own some Bitcoin?
Why everyone should own some Bitcoin? Bitcoin is a protocol that allows the transfer of money or value from one person to another, without the need of an intermediary. By owning some Bitcoin, even a small amount, you have joined in and are supporting a new technology that is capable of transforming the world. Continue reading “Why everyone should own some Bitcoin?”
CoinMKT announces US banking partnership
CoinMKT announces US banking partnership CoinMKT, Los Angeles-based crypto-currency exchange announced that they have partnered with a bank located in the United States. This allows for bank wire transfers from United States bank accounts. CoinMKT CEO Travis Skweres is confident that this would help the company to grow as there are not many exchanges Continue reading “CoinMKT announces US banking partnership”
BiT Capital funding $10 million to Bitcoin ATM start-up BiT Access
BiT Capital funding $10 million to Bitcoin ATM start-up BiT Access A Canadian Bitcoin investment group, BiT Capital has committed a significant amount of seed funding into Bitcoin ATM start-up BiT Access. The fund which amounted to $10 million will be invested gradually in a span of 1-2 years. This is by far the largest investment Continue reading “BiT Capital funding $10 million to Bitcoin ATM start-up BiT Access”
Korea Bitcoin exchange receives $400,000 in Silicon Valley funding
Korea Bitcoin exchange receives $400,000 in Silicon Valley funding South Korea Bitcoin exchange Korbit has announced that it will receive $400,000 in seed funding from a group of Silicon Valley investors. While the value of the investment may not be very significant by Silicon Valley standards, investors in Korbit include founder of venture capital DFJ Continue reading “Korea Bitcoin exchange receives $400,000 in Silicon Valley funding”