Search Results for: bitcoin

Bitcoin banker makes investment play as virtual currency gains traction

Bitcoin banker makes investment play as virtual currency gains traction

Virtual currency Bitcoin got its biggest shot of serious investment and arguably most legitimate backing to-date this week, with a $25m round of funding by digital account firm Coinbase lending more respectability to the controversial tech. Coinbase, which holds the virtual Bitcoin accounts for around 600,000 investors, not only manages virtual wallets but also the merchant tools required to accept Bitcoin as payment.

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Dogecoin digital currency takes on Bitcoin with a bit of meme flair

Dogecoin digital currency takes on Bitcoin with a bit of meme flair

As far as digital currency goes, Bitcoin is the word on all interested parties' lips, but that could possibly (it pays to be optimistic) change in the coming months with the introduction of Dogecoin, a Bitcoin-esque digital offering that is based on, oddly enough, the Doge meme. There are some fundamental differences between Bitcoin and Dogecoin, not the least of which is that the latter's value mostly depends on how much someone is willing to give you for it.

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Baidu, China Telecom remove Bitcoin following Chinese bank prohibition

Baidu, China Telecom remove Bitcoin following Chinese bank prohibition

The so-called "Google of China", Baidu, has stopped accepting Bitcoin as payment on any of its online properties -- as has China Telecom. This near-synchronous cessation of payment transactions for the two companies in the digital currency, many believe, exacerbated the recent sudden downturn of Bitcoin's long and unprecedented rise in value. The USD Bitcoin value currently stands at $679.43 according to CoinDesk, down from $1,147 just before the People's Bank of China all but outlawed the payment option for banks.

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Bitcoin Tesla Model S purchase adds legitimacy to currency

Bitcoin Tesla Model S purchase adds legitimacy to currency

Both sides of the Bitcoin war appear to be making giant strides toward winning out - either dismissing the coin entirely, or making it more acceptable to use with big purchases. Today a Lamborghini dealership in Newport Beach has announced that a purchase has been made from them in the form of a brand new Tesla Model S. This electric vehicle was the first in a line of Bitcoin purchases from the dealer: they'll be accepting Bitcoin from this point forward.

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Bitcoin mining has its darkside: schemers taking advantage of regulation void

Bitcoin mining has its darkside: schemers taking advantage of regulation void

Bitcoin's value continues to soar as the digital currency is embraced by some and banned by others, becoming a valid method of payment at more than a few locations and even inspiring a new field of study at one university. With all its upsides comes a downside, however, something that results from the current void of regulations as the modern world decides how to deal with the currency: schemers who taking advantage of the system to make their Bitcoin mining worthwhile.

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Bitcoin banned in China banks

Bitcoin banned in China banks

Bitcoin has suffered a blow in China this week as the country's central banking authority has banned all China-based banks and payment systems from using any form of the virtual currency. This does not mean that everyday users of Bitcoin are banned from taking part in Bitcoin transactions, only that banks are barred from top to bottom.

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Bitcoin mined from computers via toolbar without users’ knowledge

Bitcoin mined from computers via toolbar without users’ knowledge

Bitcoin miners are good folk, by and large. That's why it's always disheartening when we hear about a case of Bitcoin thieving and scheming. An investigation by Malwarebytes last week found that a company named Mutual Public a.k.a. We Build Toolbars a.k.a. Your Free Proxy has been installing Bitcoin mining software on unwitting users' computers through unrelated downloadable toolbars and a proxy service (and possibly other products.) The software operates in the background, bogging down the computer's CPU and mining Bitcoin for the sole profit of Mutual Public. It legitimizes the practice by explaining its activities in the nobody-ever-reads-them EULA for the installed toolbars. And the software is difficult to permanently delete.

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Bitcoin becomes an official payment option at its first university

Bitcoin becomes an official payment option at its first university

Bitcoin has been around for a handful of years, but has only recently seen widespread attention and a skyrocketing value all the while. ATMs that work with the currency cropped up earlier this year, and soon retailers and different services started announcing acceptance of the digital monies. That red carpet has expanded, with the first-ever university revealing that students can now pay tuition in bitcoins.

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