bitcoin

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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DoJ, SEC, the Fed to Senate Homeland Security: Bitcoin is legitimate

DoJ, SEC, the Fed to Senate Homeland Security: Bitcoin is legitimate

As Bitcoin settles in for another spasmodic leap in the ticker graphs, key agencies in the United States government are telling elected officials that Bitcoin is a legitimate financial instrument. Officials from the Department of Justice, the Securities and Exchange Commission, the Federal Reserve and other experts released letters ahead of a Senate Homeland Security Committee hearing to say Bitcoin "has great potential benefits" as well as risks, just as with any other financial instrument. This signals a widening public acceptance of the digital currency.

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Bitcoin on fire as proponents prognosticate stratospheric rise

Bitcoin on fire as proponents prognosticate stratospheric rise

As of this moment, Bitcoin's exchange rate is hovering a few dollars under $400, according to the Mt.Gox ticker. It's about $45 more than it was 24 hours ago, $75 more than the day before, and $120 more than the day before that. All told, Bitcoin has netted about $180 in the past week. To give you an idea of what this looks like, the steady green line of candlesticks in the charts below signify highs and lows for the past week; the erratic blue line represents trading volume.

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