30-05-2017
07:13 am
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Category: News

LocalBitcoins.com Sees Surge in Advertisements No Comments

LocalBitcoins.com, the prime method of obtaining Bitcoin without having to sign up for an exchange, is seeing a surge in the amount of cash advertisements on the website. According to research done by a user on Reddit, the site breached the $20,000 in cash advertisements this week. That's a 25% growth since last month, certainly proving that more and more individuals are interested in Bitcoin. ...


Bitcoin Not Ready For International Money Transfers, Says Western Union No Comments

In what could probably be called the surprise of the century, financial services company Western Union says Bitcoin just isn't quite ready for international money transfers -- Western Union's big business. A huge surprise, indeed. It all went down at a Western Union conference that took place recently. "We’re a long, long way from sending momma in Mexico $240 each month or a Somali family in a...


Bitcoin Turns Five Today No Comments

Can you believe Bitcoin technically turns five-years-old today? Five years ago, on Saturday, November 1st, 2008, Satoshi Nakamoto sent out the famed email message explaining the very premise of Bitcoin. "A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without the burdens of going through a financial institution," Nakam...


Overstock.com Considered Accepting Bitcoin But Decided Not to (Yet) No Comments

  Surely you've heard of Overstock.com. If not, they're the huge online retailer (sort of like Amazon), and they're immensely popular. As it were, the Utah-based company has apparently considered accepting Bitcoin payments at some time, but decided now wasn't quite the right time. The news comes from a New York Times story published Wednesday (the story is about Bitcoin in the mainstrea...


Senate Homeland Security Committee Reportedly Planning Bitcoin Hearings Within a Month No Comments

TIME is reporting that the Senate Homeland Security Committee is planning to hold hearings on Bitcoin within a month, in a report published today. The committee sent letters to nine federal agencies in July asking for their thoughts on Bitcoins and other virtual currencies in the hopes of developing a holistic approach to the so-called cryptocurrency that neither stifles the currency’s potent...


HSBC Banker Was First in Line to Use Robocoin Bitcoin ATM 3 Comments

[caption id="attachment_87" align="alignright" width="180"] Courtesy: blog.robocoinkiosk.com[/caption] We've had pretty decent coverage of the Robocoin ATM lately. It's that ATM that converts Bitcoins to cash and cash to Bitcoin. In its first day of use, the machine saw 81 -- or $10,000 worth -- of transactions. Now we're learning (via Finextra) that the first person in line to use the ATM in do...


Bitcoin Now Trending on Wikipedia No Comments

Well here's the surprise of the century. Not long ago, Bitcoin was trending on Chinese search engine Baidu. And then it was trending on Yahoo. It didn't end there, though. It began to trend on Google, too. But now, the very topic of Bitcoin is trending on Wikipedia (see above image, via Reddit). With over 137,000 views today, it's put in second place right behind Halloween. That's pretty impres...


Bitcoin ATM Sees $10,000 in Transactions on Day One No Comments

[caption id="attachment_87" align="aligncenter" width="300"] Courtesy: blog.robocoinkiosk.com[/caption] The Robocoin ATM, which entered service on Tuesday as the world's first Bitcoin ATM, is showing off some of its successes today with some impressive statistics. In the first day of service, the automated machine saw $10,000 worth of transactions -- 81, to be precise. One third of the 81 people...


Bitcoin Market Cap Surpasses 2.5 Billion USD Once Again No Comments

Today, Bitcoin's market capitalization has once again surpassed the 2.5 billion USD since the second quarter of 2013. While a 2.5 billion USD market cap is considered "chump change" in general economics, it's a great bit of news in the Bitcoin community. The news shows great signs of growth of the cryptocurrency. The question is, will the growth continue even further?...


RIAA Complains to US Government About The Pirate Bay Bitcoin Donations No Comments

In what has been described as a list of "notorious websites," the RIAA (Recording Industry Association of America) has alerted the US Government to The Pirate Bay's actions to accept Bitcoins as a form of donation: "In April 2013, the site started accepting donations from the public by Bitcoin, a digital currency, which operates using peer-to-peer technology," the organization notes. The RIAA'...


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