Tag Archives: crypto currency

Wed 8th October 2014
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Overstock Looking To Democratize Wall Street With New Bitcoin Related Project - Overstock is looking to change things on Wall Street In an article on Wired.com it seems that Overstock is straying from their core business and working on a side project that hopes to democratize Wall Street. Building on top of the existing Bitcoin protocol. If the project is successful there is a plan to spin the business off as a separate company. Overstock has certainly been one of the ecommerce companies that has been at the forefront of exploring opportunities with Bitcoin. It will be interesting ... read more ...
Sat 27th September 2014
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Mark Cuban Does Not See Long Term Future for Bitcoin as a Currency - Mark Cuban does not see Bitcoin being a long term play as far as being a currency. Cuban told Entrepreneur that if ever got into Bitcoin it would be purely for the entertainment value, kind of like buying and selling baseball cards. This is not the first time Cuban has expressed a disinterest in the crypto currency, back in March at SXSW that he did not see the long term play. From the article: Like many, Cuban compares Bitcoin to gold and says central banks will never let it truly succeed. He also ... read more ...
Tue 9th September 2014
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CryptoCurrency.com Changes Hands - The domain name CryptoCurrency.com recently traded hands and was acquired by Jeffrey Berns a partner at Berns Weiss LLP. Both Jeffrey Berns and his partner Lee Weiss are said to be well-known for filing claims against financial institutions on behalf of consumers. Together, they have collected over two billion dollars in relief for their clients in these actions during their professional careers. The domain names was originally registered by a Hong Kong firm back in 2009, in June of 2010 the ... read more ...
Fri 5th September 2014
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Study Shows Majority of U.S. Consumers Reluctant to Buy or Use Bitcoin - Andrew Moran wrote a piece for Coin Buzz that looked at a study conducted by the Massachusetts Division of Banks. In the study close to two – thirds of those who responded said they were unlikely to buy or use the virtual currency. The article also highlights a study from the U.K. where 71 percent of British consumers don’t want to use bitcoin for their shopping needs. Of course we are very early in the game and the age of the respondents matters, those in their late teens and twenties may be ... read more ...
Wed 3rd September 2014
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Francois Carrillo of Domaining.com Launches BitKoin.com For Crypto Currency Blogs - Francois Carrillo who company operates Domaining.com has launched another news/blog aggregator on Crypto Currency. BitKoin.com now carries 23 feeds from blogs covering Crypto Currency. We reached out to Francois to ask him why he picked Crypto Currency? “Crypto currency is something new and growing fast. People want to know more, get informed. As a proof, TheDomains.com is now periodically posting some articles about crypto currencies. Many domainers started to invest in Bitcoins this past year: Ammar ... read more ...
Mon 1st September 2014
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1st Asset Backed Crypto Currency: Sync Coin Secured By Domains Trading At Same Price As Bitcoin -     Sync coin is the first asset-backed, profit-sharing currency and the asset the currency is back by is domain names. According to a press release, Sync Foundation and SyncFund.com co-founder, Mike Fiol, who has been in the domain industry for many years. is quoted in a press release, that the total supply of Sync is only 1,100 and now they are asset-backed, profit-sharing vehicles.””Sync Coin is more like an investment and member club than a currency like Bitcoin,” Those assets include ... read more ...
Fri 29th August 2014
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Bitcoin Could Become Legal Tender in Australia According To Official - Australian official suggests making Bitcoin legal tender in Australia. In a talk earlier in the week Chris Jordan, the Australian tax commissioner said some would like to see Bitcoin as legal tender. Currently Bitcoin does not meet the definition under Australian law, but he said that could change. From the Guardian: The Australian tax commissioner has left open the possibility that the digital payment system bitcoin could be considered legal tender in Australia. Bitcoin has been described as a ... read more ...
Mon 18th August 2014
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The Winklevoss Twins Look to Spider Woman to move their Bitcoin ETF to Market - The Winklevoss Twins of Facebook fame are still working on bringing out the first ever Bitcoin ETF. They have hired the lady known as Spider Woman, Kathleen Moriarty. Moriarty worked on the very first ETF back in 1993 and has a treasure trove of experience. The Economic Times wrote: Kathleen Moriarty is the lawyer attempting to shepherd the Winklevoss brothers’ plan to roll out the first ETF that invests in bitcoins through the US SEC Tyler and Cameron Winklevoss are fighting for approval from ... read more ...
Thu 14th August 2014
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Overstock Sees Positive Earnings Impact from Accepting Bitcoin - Overstock sees Bitcoin having a postitive effect on earnings for 2014. The company told Reuters they expect Bitcoin to add 4 cents per share, they are expecting $1.5 billion in sales for the year. From the article: Overstock.com Inc’s sales through bitcoin are expected to add 4 cents per share to its earnings this year, the online retailer’s chief executive, Patrick Byrne, told Reuters. Bitcoin sales at Overstock (OSTK.O), which started accepting this type of currency as payment for items on ... read more ...
Tue 12th August 2014
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From shopping Guns with Bitcoin to Consumer Protection Warnings a the Crypto Corner for 8/12/14 - A lot of news over the last two days on the crypto currency front, from guns for Bitcoin to Consumer warnings about the dangers and risks of virtual currencies. Let’s start out with the Consumer Financial Protection Bureau, they want to let consumers know that virtual currencies like Bitcoin and Litecoin are targets for hackers and that there are costs many may not be thinking about. Electronista wrote: The Consumer Financial Protection Bureau (CFPB) issued a warning on virtual currencies like ... read more ...
Sun 10th August 2014
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EU Court to Decide if Bitcoin Transactions Are Subject to Value Added Tax - Jane Genova wrote an article on PaymentWeek.com about the EU deciding on whether or not to tax Bitcoin transactions. Earlier in the year Sweden asked for the EU to rule on whether or not Bitcoin should be taxed. The UK has ruled no valued added tax on Bitcoin. From the article: The European Court of Justice will rule if bitcoin transactions are subject to its value-added tax rules (VAT). If that top court decides to impose VAT regulations on member nations with bitcoin businesses, they could suffer ... read more ...
Sat 9th August 2014
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Quick Chat with Josh Garza a male who bought BTC.com for $1million - BTC.com was purchased for $1million as most of our readers know, we talked to Mike Robertson from Domain Guardians earlier in the week. Josh Garza and his company GAW Miners bought the domain, and we had a quick chat with him. Besides talking to us about the domain side of things, after our interview was completed Josh spoke to Tech Crunch about the Mining side of Bitcoin.  Interview 1) Congrats on the purchase of BTC.com, can you tell us a little bit about what your company does and how it makes ... read more ...
Thu 7th August 2014
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When Searches for Bitcoin Go Up, The Price Goes Down according to a new study - A group of Swiss computer scientists conducted a study that took a look at web activity and social media chat around Bitcoin. They concluded when there is a surge in chatter around Bitcoin that the cryptocurrency is bound for a fall. The BBC took a look at the study: Key variable Bitcoin was a great candidate for research because so much of the activity surrounding it takes place online, wrote the team in a paper published in the Journal of the Royal Society. Bitcoins are a virtual currency which ... read more ...
Tue 5th August 2014
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Inside a BTC.com Sale With Mike Robertson of Domain Guardians - We are talking today with Mike Robertson of Fabulous.com fame and Co – Founder along with Jen Sale of Domain Guardians. Domain Guardians successfully brokered the name BTC.com for seven figures, He was kind enough to give us a few minutes on just how the sale went down. Jen Sale and Mike Robertson 1) What was the total sales price of the domain, was there a buyer’s premium or any other added costs ? If you can add, was this a straight cash buy, no lease, no equity or any other special financing ... read more ...
Sun 20th July 2014
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Dell To Accept Bitcoin - Dell has become the latest company to accept Bitcoin, the company posted on their website they will now be accepting Bitcoin and providing a 10 % discount  on an AlienWare purchase to those using Bitcoin as their payment option (up to $150). From their website: Now you can buy digital with digital – starting today, we’re accepting bitcoin on Dell.com. We’re piloting bitcoin, the world’s most widely used digital currency, as a purchase option on Dell.com for consumer and small business shoppers ... read more ...
Thu 17th July 2014
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New York Looking to Regulate Bitcoin Businesses - New York Looking To Regulate Bitcoin There is news out today that New York is looking to regulate Bitcoin, there is a focus on protecting the consumer, while also making sure that cybersecurity is in place along with anti money laundering compliance. Mary Beth Quirk wrote on The Consumerist: New York has taken a step in the direction of keeping consumers’ safe with a proposed plan that sets up a regulatory framework for any business dealing with bitcoins. The New York Department of Financial Services ... read more ...
Tue 15th July 2014
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Argentina and France Looking to Require Identity Verification for Bitcoin Users - There was an interesing article on Coin Buzz written by Andrew Moran, the article is about governments looking to find new ways and rules to regulate Bitcoin and other cryptocurrencies. Argentina and France will both be requiring identity verification. This may make an alt crypto currency like Dark Coin more desirable going forward. Dark Coin has stressed the need for an anonymous digital currency. We engineered Darkcoin to be a digital version of cash. When sending Darkcoin, you choose whether ... read more ...
Sun 13th July 2014
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State of Bitcoin Q2 2014 - Coin Desk put together a very nice presentation that took a look at the year over year growth of Bitcoin From the article: In April we announced that CoinDesk would be publishing State of Bitcoin updates on a quarterly basis. Given the positive response we have received since 2014’s first report, we are pleased to release our latest update. This State of Bitcoin Q2 report focuses on data and events in the second quarter of 2014 through to the present day. Here are some of the highlights. They ... read more ...
Fri 11th July 2014
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Bitcoin Domain-Name Prices Defy Drop in Virtual Currency’s Value - Mike Robertson of Domain Guardians was quoted in an article out today on Bloomberg. The article written by Olga Kharif looks at the demand for Bitcoin related domains while the value of Bitcoins have actually declined substantially from their highs. The article quotes a number of sources involved with both crypto currencies and domain names, well worth the read. From the article: Bitcoin’s 46 percent decline in the value since its December peak hasn’t damped a surge in prices for Internet domain ... read more ...
Thu 3rd July 2014
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Silicon Valley VC is a solitary Winner of Government Bitcoin Auction - Last week the U.S. government held an auction for 30,000 bitcoins that were previously seized. Reuters is reporting that Tim Draper a well known Silicon Valley VC purchased the coins. In the article Draper noted that he saw the auction as a sign that Bitcoin had a real value to society, if not they would have just buried them. I am not sure that anyone can say if  that is actually true, the government knows there is value for these coins and it makes sense to liquidate. Whether they are giving ... read more ...
Mon 30th June 2014
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The Bitcoin Domain Name Boom - Bitcoin Domains in the Spotlight Coin Desk did a piece on the boom in Bitcoin related domain names, Ron Jackson was quoted in the story. The story covers BTCS.com as well as BitcoinWallet.com which was sold for $250,000 by Niko Younts. Niko talks in the article about prices rising for Bitcoin related domain names. BTCS.com apparently was purchased for $12,250. From the article: Bitcoin isn’t the only digital asset changing hands for lots of money these days. The cryptocurrency has spurred a rising ... read more ...
Sun 29th June 2014
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California Governor Signs Into Law The Use of Alternative Currencies Such as Bitcoin - We wrote a couple days ago about an alternative currency bill that was off to Governor Jerry Brown of California for his signature. Governor Brown has signed it into law. NewsBtc.com reported” We’ve been discussing a bill that’s been making its rounds through the legal system in California, and as of this weekend, it’s been signed into law by Governor Jerry Brown just days after the news that lawmakers in the Golden State had passed it. That bill [also referred to as AB-129]– as we’ve ... read more ...
Fri 27th June 2014
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Bitcoin as a Legal Currency in Currency Bill is Off to Governor Brown for Signing - The bill looking to make Bitcoin a legal currency in California is now going to the Governor Mike Shedlock and investment adviser with Sitka Pacific Capital Management, covered the bill on his blog. From the article: California Bill AB-129 Lawful Money passed the California Senate on June 19, and the Assembly on June 23. The bill now awaits signing by Governor Jerry Brown. Existing law prohibits a corporation, flexible purpose corporation, association, or individual from issuing or putting in circulation, ... read more ...
Mon 23rd June 2014
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Bitcoin Stock Winners - Money Morning put out an article on who they see as likely winners in the market as relates to Bitcoin. Among their Bitcoin stock winners are companies such as Overstock.com and Tiger Direct. These were a couple of the early movers when it comes to accepting Bitcoin on the retail level. From the article: Just because Bitcoin is a disruptive technology doesn’t mean we won’t see some Bitcoin stock winners – companies that will exploit the digital currency for the benefit of their own businesses. We ... read more ...
Sat 14th June 2014
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Isle of Mann is Bitcoin Friendly and Ghash.io gets DDOS’d - Isle of Mann is Bitcoin Friendly Andrew Moran wrote an interesting piece about the Isle of Mann and their creation of an incubator for Bitcoin startups. From the article: The Isle of Man government announced that it would be monitoring and assessing innovations in the cryptocurrency industry. Essentially, it is becoming a hub for bitcoins and the virtual currency market as it will not require bitcoin licenses and the Junior Chamber of Commerce will be hosting an event next week so citizens can learn ... read more ...