We need a payment systems revolution and Bitcoin is part of the solution, Paypal could be jumping on the bandwagon Forget about copycats that are trying to take away the crown of Bitcoin amongst digital currencies – forget about the satiric ambitions of Dogecoin (yes, really...) and the daring Coinye (formerly Coinye West...). If you…
Read moreBitcoin’s wild roller coaster ride takes it from $900, down to $450 and back up to $700 What a week it has been for the virtual currency Bitcoin – prices have been swinging in both directions in roller-coaster mode. As the Senate hearings on the digital currency were ongoing it has rallied all the way up to $900…
Read moreNevada based company Robocoin has installed its first Bitcoin ATM machine in Vancouver. Prices for the digital currency Bitcoin keep on steadily rising, as it did not seem to lose its luster after the Silk Road debacle and kept marking new recent highs at the end of October helped in part by a Chinese major…
Read moreVC-backed Bitcoin payments solutions company is making tracks to make Bitcoin a 'real' currency. Everyone understands that a currency must be something we actually use to buy things. For a while, the hype surrounding Bitcoin was all about who is investing in it (the Winklevoss twins), and who was making it available to trade (several…
Read moreGermany's Ministry of Finance considers Bitcoins a 'unit of account' -- meaning BaFin licensing required, Bitcoin transactions subject to VAT... Monday was a seminal day in the life of Bitcoin, with the release of a formal statement by Germany's Ministry of Finance. The statement indicated that Germany formally designated Bitcoin as a 'Rechnungseinheiten als Finanzinstrument', or…
Read moreMt Gox would like to increase the acceptance of Bitcoins as payment by 'regular' merchants. LeapRate Exclusive... LeapRate has learned that Bitcoin exchange Mt Gox is about to launch a major ad campaign to promote Bitcoin as a 'regular' form of currency for merchants, both online and offline. The campaign will revolve around showing how…
Read moreFollowing a wild April, Bitcoin prices have retreated into a more moderate trading range in April and May. An interesting story which we and much of the FX brokerage world has been watching lately.... Bitcoin prices have stopped (at least for now) their wild roller coaster ride of up 100% one day and down 60%…
Read moreBitcoin prices and volumes on Mt Gox showed very strange patterns at a normally slow time. Another reason why FX brokers are still generally reluctant to add Bitcoin trading... Coinsetter Blog pointed out a very interesting phenomenon, whereby it questioned whether Bitcoin prices were being manipulated this past Sunday, June 2. After several weeks of relative stability…
Read morePayment processor Liberty Mutual owner Arthur Budovsky arrested in Spain in a money laundering investigation. Things keep getting murkier in Bitcoin land. After the US government froze a mobile payments account associated with leading Bitcoin exchange Mt. Gox, and the CFTC indicated it is looking at regulating Bitcoin trading, now comes word that payment processor Liberty Mutual has been shut down,…
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