Joe Geosits

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Overstock makes $124K from 780 Bitcoin orders a day after giving the crypto-currency a thumbs up

Overstock.com took a gamble on Bitcoin that quickly seems to be paying off.<p>The company made $124,000 through 780 Bitcoin orders within less than 24 hours of accepting Bitcoin as a form of payment.<p>Overstock announced a partnership with popular Bitcoin wallet Coinbase yesterday, making it the largest …

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 regulation, here we come: Singapore clarifies tax policies

Singapore is providing some clear guidance on how merchants can manage taxation on Bitcoin transactions.<p>This is a step ahead of most governments, which have yet to issue clear regulations around the new alternative payment. Even many financial corporations have held it at arm’s length: PayPal …

Overstock.com is now accepting Bitcoin

Bitcoin got a major new ally this week, as Overstock.com began accepting the alternate currency system as payment. Overstock isn't the first company to accept the currency, but it's larger and more powerful than previous companies like Reddit and OKCupid. Now Bitcoin users will be able to buy more …

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 …

How to steal Bitcoin in three easy steps

Earlier this month, someone pulled off the largest heist in the history of Bitcoin, the virtual currency that approximates cash on the internet. The illegal drug bazaar Sheep Marketplace was plundered, either by hackers or insiders, and about $100 million worth of the currency was stolen from …

As Bitcoin tops $1,200, does its fate rest in China's hands?

Business News<p>A surge in Chinese demand underlies bitcoin's astronomical rise over the past few months—the alternative digital currency topped $1,200 early Friday—underscoring the nation's interest in digital currencies as alternative investments.<p>The question lingers: is it only a matter of time …

Cryptocurrency

What if Thanksgiving Exposes the Government?

What if another Thanksgiving Day is upon us and because of the government we have less to be thankful for than we did at the last one? What if at …

We Should Be Thankful for Private Property

Had today's politicians and opinion-makers been in power four centuries ago, Americans might celebrate "Starvation Day" this week, not …

Sorry, Mayor Ford, But Drinking Is Not A Good Excuse For Smoking Crack (Or Anything Else)

We’ve all been there. You have a few drinks, and they next thing you know, you’re smoking crack.<p>What? That doesn’t ring true for you? You’ve consumed alcohol on many occasions, but you’ve never smoked crack?<p>As it turns out, you’re not alone. Survey data indicate that 82 percent of Americans have …