Use Virwox to buy Bitcoins
Getting hold of bitcoins has not always been so easy with security concerns and privacy issues in the past. However now that bitcoins are becoming more widespread and accepted it will become easier to buy bitcoins. Here is a step by step instruction how to buy bitcoins with credit card.
Virwox was set up as a virtual currency exchange website originally to trade Second Life Lindens (SLL). As you have probably found out it is difficult to find many places to buy bitcoins with credit or debit cards but following these steps you can. read more
If only bitcoin happened to be a mortal, it would have been totally bruised and battered after all the fights and controversies it has gone through. Fortunately, it’s continuing to fight its way up, despite negative views from those who don’t totally understand what it really is. If there’s one safe haven where the bitcoin can soothe all the pains and scars, it would be the UK.
Surprised? Well, I honestly can’t blame you. Initially, the Bank of England (BOE) was adamant and critical onto how bitcoin can presumably affect the economy of the country. Now, BOE is one of the firm supporters of digital currency and is just one of those who believe that it can revolutionize the existing banking methods and payment systems. read more
Just when most people thought that it’s about to succumb to scandals and controversies, bitcoin has again tried clawing itself on top. Remarkably, the first quarter of the year 2015 marks several developments that are really helpful for the ailing virtual currency. Worth mentioning are as follows:
Coinbase, a bitcoin wallet service provider, got an investment from the New York Stock Exchange.
TeraExchange became the first publicly-listed company that deals with bitcoins.
The Bitcoin Investment Trust of the Digital Currency Group likewise earned regulatory approval and became the first publicly-traded bitcoin fund. read more
There’s nothing even better than playing an iOS game and earning bitcoins at the same time.
Only last March 1, 2015, Tigara Games launched Uranus Attacks! which is its first ever iOS app. The game was developed by Amer Qureshi who for six months also worked on integrating it to the Coinbase application programming interface. This is primarily aimed to reward players, who are able to refer the game to other users, with a small fraction of the bitcoin. The amount of the reward, which is equivalent to around $0.05, is given out in Coinbase wallets. read more
Last February 25, 2015, the One Bank Research Agenda was launched by the Bank of England (BOE) with aims of determining the effects of monetary policies to current issues like climate change, life spans, and globalization. It highlighted the benefits of digital currencies and also discussed the possibility of creating a BOE-backed cryptocurrency. Furthermore, it talked about the likelihood of digital currencies becoming the new norm for banking.
A new norm for banking
The Agenda believes that mobile technology will likely grow more and that it’s the discretion of interested banks to investigate how digital currencies are going to influence the traditional ways of banking. It’s a fact that changes like these would entail technological, regulatory, and economic challenges, thus banks should be prepared to address all of them. read more
For those not familiar, Silk Road is a defunct digital marketplace for selling and buying illegal goods online like drugs, forged documents, and counterfeit cash. It was officially launched in February 2011 and was operated by Ross William Ulbricht under the pseudonym “Dread Pirate Roberts.” Within two and a half years, it made about 9.5 million bitcoins or about $1.2 billion in sales. In early October 2013, Ulbricht was arrested by federal agents and the online black market for drugs was closed. Last February 5, 2015, Ulbricht was found guilty of several charges like drug trafficking, money laundering, and criminal enterprise. He is now facing 30 years in jail or up to life imprisonment. read more
Love, once again, is in the air. Almost everywhere, you’ll hear love songs or you’ll see colorful bouquets of flowers. Indeed, Valentine’s Day has become more special each and every year. So Bitcoiner, what’s your plan this time?
If you haven’t thought of anything yet, take a look at some of these bright ideas and gifts which you can purchase through bitcoins. Yes, you read it right! You can buy clothes, flowers, or even travel abroad with your loved one using no less than our beloved bitcoin. read more
Bitcoin has been making miserable news recently and has been struggling to collect itself amidst controversies and losses. Despite this, there is one startup company that’s brave enough to weather the storm. Early this year, Des Moines-based Leverage Holdings LLC joined the small ring of companies investing on bitcoins.
For those not familiar yet, Bitcoin is an online payment system that was first introduced in 2008 by a person known only by the pseudonym Satoshi Nakamoto. Currently, Bitcoin is referred to as a digital currency, virtual money, or cryptocurrency. It is unregulated which means that the government has no control to its usage. It likewise bypasses the traditional banking and payment systems, thus it’s a lot faster to transfer. All these positive attributes has made Bitcoin attractive to a substantial number of followers. read more
Bitcoin mining company Cointerra Inc. has finally called it quits after facing long legal battles for the past couple of months. In its filing under Chapter 7 of the US Bankruptcy Code last January 24, Saturday, Cointerra listed approximately $50 million worth of assets and debts. It can be remembered that the company quite had a successful stint in 2013 with about $1.5 million in investments. A huge chunk of the fund was intended to create a two-terahash-per-second ASIC Bitcoin miner which they called TerraMiner IV. Back then, the Bitcoin miner was priced at $13,999 and was set to be delivered in December 2013. Unfortunately, things didn’t go as initially planned. Over the months, the value of Bitcoin spiraled down to almost 70 percent, thus the digital currency went through a lot of scrutiny from lawmakers. Cointerra, for its part, failed to deliver what was originally expected by its clients who paid for the service. This of course resulted to legal complaints and dissatisfaction from people who had high hopes in the potential of their mining machine. Notably, all of these problems occurred despite the governance of their technical people who are experts in the field of Bitcoin mining. read more
I haven’t posted any videos lately but here’s a good one from our friends at Vice all about bitcoin.
Coinbase, one of the biggest Bitcoin providers in the world, recently announced the completion of a huge financing deal worth $75 million last Tuesday, January 20, 2015. This is so far the biggest known investment on a startup Bitcoin company up till now. The investment, led by venture capital firm DFJ Growth, was also participated by three industry investors, namely the New York Stock Exchange, USAA Bank, and multinational bank BBVA. The San Francisco-based startup company, which first reported the deal in November last year, revealed that the financing round was actually completed in the middle of December 2014. Total investments are even expected to reach $400 million or more with the support of other investors like Japanese telecom company NTT DoCoMo, Andreessen Horowitz, Union Square Ventures, and Ribbit Capital. read more