Bitcoin News: Answers to Questions About the Mt. Gox Situation
Problems at the Mt. Gox exchange have dominated Bitcoin news this past week, creating concern and confusion within the Bitcoin community and leaving everyone else wondering what in the world is going on.
Here's what's happened...
Bitcoin Regulation Is Coming – Here's What To Expect
We're on the verge of a defining moment in the drama-filled life of Bitcoin.
In light of all the troubling issues that have plagued the digital currency over the past year or so, some think Bitcoin regulation would help limit its use for illicit purposes while adding an air of legitimacy.
but at least one regulator seems to be on the right track...
What Is Bitcoin? Here's Everything You Need to Know
What is Bitcoin? Many people just finding out about the digital currency are justifiably confused, as most Bitcoin news stories only provide a cursory explanation. And many of them have made matters worse by using photos of "bitcoins," when in fact bitcoins have no physical existence. They exist only as digital code on the Internet. […]
How Mt. Gox Angered the Entire Bitcoin Community Today – and Sent Prices Falling
The short answer to why Bitcoin prices dropped today (Monday) is that Mt. Gox briefly had everyone thinking that a serious new flaw had been discovered in the software that controls the digital currency - but that's not the whole truth.
The trouble started Friday. Mt. Gox, the first Bitcoin exchange in the world and until last year the largest, first sent Bitcoin prices falling early Friday when it halted the transfer of Bitcoins out of the exchange to personal wallets so that it could study a problem it was having with those withdrawals.
The news sent Bitcoin prices falling from $830 to $652 in 10 hours. Mt. Gox promised to provide more details by this morning.
a lot of people were seeing red...
Why Bitcoin Prices Are Falling – And What That Means
A fresh crisis may be the beginning of the end for Bitcoin exchange Mt. Gox, but the harm to the digital currency itself will be temporary.
Fans of the digital currency woke up Friday trying to figure out why Bitcoin prices are falling after more than a month of relative price stability on the Japan-based exchange.
Long plagued by issues in getting fiat currencies from Mt. Gox accounts to user bank accounts, the exchange in recent days started having trouble transferring bitcoins as well.
Bitcoin Penny Stock Hits the Market
One bitcoin will cost you more than $700 at current prices, but now investors can get a piece of the virtual currency's potential for $4 with this new Bitcoin penny stock.
Bitcoin Shop Inc. started trading Thursday - the first company with "Bitcoin" in its name to be publicly traded.
Bitcoin Shop Inc. is an online retailer that sells everything from appliances to gourmet goods; it accepts bitcoin as payment. The company that runs BitcoinShop.us merged with Nevada-based TouchIT Technologies Inc. in a move known as a "reverse merger." TouchIt then changed its name to Bitcoin Shop Inc.
Old TouchIt news releases describe it as a touched-based visual communications products company for use in both the education and corporate environments.
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Why the Winklevoss Bitcoin ETF Is a Game-Changer
Investing in Bitcoin isn't as easy as investing in stocks - right now.
But the arrival of the Winklevoss Bitcoin ETF - an exchange-traded fund developed by twins Cameron and Tyler Winklevoss - will change that.
Here's how it will work...
Bitcoin News Like This Gives Public the Wrong Idea
It was yet another piece of bad Bitcoin news: BitInstant Chief Executive Officer Charlie Shrem was arrested by federal agents Sunday and charged with using Bitcoin in a money-laundering scheme connected to the now-defunct Silk Road illegal drug website.
Ever since it started to get attention from mainstream media, Bitcoin has been unfairly saddled with a reputation for being nothing more than a high-tech tool for illegal activities.
Most Bitcoin news stories written over the past couple of years have prominently mentioned the use of the digital currency on Silk Road to buy and sell illegal drugs. Federal agents shut down that website in October.
Making matters worse (and more than slightly ironic) is that the 24-year-old Shrem is vice-chairman of the Bitcoin Foundation, a trade group dedicated to promoting the legitimacy of Bitcoin.
The arrest of Shrem has put those negative associations with Bitcoin back in the spotlight. But Bitcoin news like this is just a distraction from the digital currency's real potential to disrupt and improve electronic payment systems.
why Bitcoin is going to be such a huge deal...
Bitcoin News: Five Predictions for the Digital Currency in 2014
After Bitcoin exploded onto the financial world last year, it immediately became enveloped in controversy, with just as many predicting its imminent doom as were declaring it a revolutionary form of money.
The Bitcoin news in 2014 will have less drama but will be far more important to the fate of the digital currency.
Here's what 2014 has in store for Bitcoin...