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Newegg Hints it Will Begin Accepting Bitcoin Soon

Bitcoin got a huge boost this week when online electronics retailer Overstock.com began accepting payments via the cryptocurrency, hot on the heels of Zygna starting a Bitcoin pilot. Those two significant brands could be joined by an even bigger name in the US consumer space, Newegg.<p>The company …

How A Bitcoin Money Minting Machine Works

KnC Miner sells machines that help the Bitcoin network work. The reward, if a miner is lucky, is a cut of the digital money.

Bitcoin

Why don’t economists like Bitcoin?

Paul Krugman and others can't get behind the virtual currency<p>Nobel prize-winning economist and <i>New York Times</i> columnist Paul Krugman wrote a blog post this weekend with a tantalizing title, "Bitcoin Is Evil," that has provoked the expected backlash from proponents of the virtual currency.<p>The …

Coinbase Launches Point of Sale App for Bitcoin Payments

Coinbase, the Bitcoin digital wallet service that recently raised a hefty $25 million, is upping its focus on merchants after it released its first standalone point-of-sale app to allow retailers to accept payment via Bitcoin on a mobile device (assuming recent price drops haven’t discouraged them.)<p>…

Why I’m interested in Bitcoin

Some people assume that all Bitcoin advocates are motivated by a libertarian political agenda. That is certainly not my agenda. I’m a lifelong …

Bitcoin's Incredible Year

Last year at this time, valued at just $13.50, one Bitcoin could get you a movie ticket if you could find a theater that had 1) heard of Bitcoin and 2) accepted it. Fat chance. Luckily, Bitcoin owners had a different form of entertainment: the fiscal version of <i>She’s All That</i>. “Last year’s nerd …

San Francisco hedge fund hiring a Bitcoin trader

A San Francisco hedge fund is seeking a new junior trader. Applicants need strong analytical skills, the freedom to work irregular hours, and familiarity with Excel.<p>Oh, and they should also be cryptocurrency experts.<p>It’s the first job posting we’ve seen for a Bitcoin trader, and yet another sign …

Robocoin shipping first 2 Bitcoin ATMs to Asia this month — and will ship 45 more by March

Bitcoin ATMs are headed to Asia, and beyond.<p>Robocoin, the maker of Bitcoin ATMs, is shipping its first two units to “Bitcoin-hungry” markets in Taiwan and Hong Kong. It expects to ship eight units that dispense this hot “cryptocurrency” this month and 39 by March.<p>“The ensuing liquidity injection …

Bitcoin vault offering insurance is 'world's first'

<b>A Bitcoin storage service that is insured against the loss and theft of the digital currency has launched in London.</b><p>Elliptic Vault uses "deep cold storage", where private encrypted keys to bitcoins are stored on offline servers and in a secure location.<p>The facility's founders say they are the …

Bitcoin

BitPesa Uses Bitcoin to Slash Kenyan Remittance Costs

BitPesa.co, a new global remittance company servicing Kenya's ever-expanding population, is planning to use bitcoin.<p>The company is targeting Kenya's …

World Bank

Alibaba Group halts bitcoin sellers on Taobao marketplace

Vendors on Taobao, China’s largest e-commerce marketplace, will no longer be able to sell bitcoins following a ban by owner Alibaba Group, following stricter rules the country imposed last month around the virtual currency.<p>The ban is “in the interest of consumer protection,” according to an Alibaba …

The New Bloomberg Businessweek Cover Does Bitcoin, And It's Literally Fantastic

This week's Bloomberg Businessweek cover story features Bloomberg's Ashlee Vance and Brad Stone covering "The Bitcoin-Mining Arms Race."<p>As usual, the cover of the magazine itself comes close to overshadowing the story.<p>Check it out (the subhed reads: "Why are investors so crazy about a currency …

Investing