justin MacDougall

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Bank of America: Bitcoin Will Be 'Serious Competitor' to Cash | Inc.com

For the first time since the mysterious Satoshi Nakamoto created Bitcoin in 2009, a major Wall Street bank has issued an opinion on the cryptocurrency--Bank of America is betting on Bitcoin's legitimacy, according to a report released today.<p>Bank of America Merrill Lynch claims Bitcoin may "emerge …

Bitcoin

The World's Most Powerful Bitcoin Miner Is Worried About How It Could Destroy Bitcoin

How hard is it?<p>The makers of the most powerful miner in the world can't even satisfy the insatiable demand for their product, because they would probably ruin Bitcoin if they did.<p>Here's the problem: Bitcoins are mined by computers solving math problems. More technically, they unlock blocks of …

Bitcoin Market In Sharp Correction, What Is Next?

Some call Bitcoin the currency of the future. Others call Bitcoin a digitalmania.<p>Which side is right?<p>Only time can tell. Nonetheless, one thing is for sure: The digital currency is getting a great deal of buzz from users, politicians, and central bankers. Yesterday, the University of Nicosia …

The Insanity Of Bitcoin, Explained

There’s no better way to appreciate the trippiness of the digital currency Bitcoin than this hallucinatory animated video.<p>If you’ve been paying attention to the news, you might have heard that digital currency Bitcoin is currently the talk of Wall Street after skyrocketing in value to trade at over …

Bitcoin Gets Valued: Bank Of America Puts A Price Target On The Virtual Tender

Virtual currency Bitcoin has no central authority, no national allegiance and no easy tracking mechanism. While enthusiasts have lauded it as an escape from the man (aka. the banks and government), detractors have argued that the system opens the door for money laundering, drug trading and even …

Ukraine economy swoons as President clings to power

You have to feel a bit sorry for Ukrainian President Viktor Yanukovych. His decision to walk away from a comprehensive trade and association pact with the European Union was based on sound political reasoning. The deeply unpopular leader wants to stay in power and preserve his family's accumulating …

Thailand's Economy Tested By Political Tensions

The political unrest in Thailand intensified last week as violent clashes erupted between anti-government protesters and pro-government supporters, leaving at least three people dead and forcing riot police to intervene. Anti-government demonstrators took to the streets in November to protest …

Ukraine's government maintains bitter standoff with protesters over European U-turn

India 'expanding its uranium enrichment programme'

Satellite photographs obtained by Institute for Science and International Security suggest India is expanding its uranium enrichment programme<p><b>India</b> is expanding its uranium enrichment programme which could allow it to double the size of its nuclear arsenal, a leading US think tank has claimed.<p>The …

Nuclear Energy

Bank of America says Bitcoin could become a 'major means of payment'

Analysts at Bank of America Merrill Lynch issued the bank's first research report today on Bitcoin, the virtual currency that approximates cash on the internet, concluding that the currency has the potential to become a "major means of payment for e-commerce" as well as a "serious competitor to …

Mayor, police chief in struggling Kentucky coal town to donate salary in Bitcoins to spur economy

Officials in a small Appalachian town that has seen its coal industry dry up over the past two years are hopeful that Bitcoins, the Internet currency, can play a driving force for jobs.<p>Both the mayor and police chief from Vicco, Ky., a town of about 330 residents located about 130 miles southeast …