makako

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Russia Says Bitcoin Should Be Avoided [Updated]

Russia doesn’t do things by halves — Bitcoin shouldn’t be used by individuals and legal entities according to a recent statement. If you have a Bitcoin wallet on your computer, the Government will be suspicious. The Central Bank of Russia reiterated that the official currency is the Ruble, and that …

How Israeli Companies Can Go From Starving Startup To Growing Company

<i>Noam Fine, co-Founder and CEO of Widdit, providing app developers engagement solutions over the mobile and Web platforms.</i><p>We read every day about new startups that have raised capital and have just recently launched their app or platform. Of course, a creative idea and raising funds is only half the …

Bitcoin Breaks Out, You Can Now Pay The IRS In Cryptocurrency

As bitcoin moves away from being known only to the tech cognoscenti and becomes a real viable currency that is adopted broadly, more organizations arise that look to leverage all this attention and add something of value to bitcoin holders. SnapCard is a San Mateo-based startup with the stated aim …

Single bitcoin will be worth $100,000 says Silicon Valley VC

Just a year ago, a bitcoin was worth $13 (£8). And today, the same piece of digital currency is valued at more than $800 (£489) on popular online …

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 …

Has Twitter given birth to a new literary genre?

As the second #TwitterFiction festival opens for submissions, it's time to ask if the social networking site has given birth to a new, 140-character genre.<p>Maybe we should call it the storyella – Penguin US has already snaffled the term twitterature, assembling an anthology of "humorous reworkings …

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

Overstock.com Partners With Coinbase And Starts Accepting Bitcoins As Payment

Have a wallet with several bitcoins and shopping for a new patio set or maybe several lamps? Overstock.com is ready to take those volatile bitcoins off your hands. No word on Dogecoins, though.<p>Overstock.com struck a deal with Coinbase, a sort of PayPal for Bitcoin, to handle the processing. Just …

Meet the traveling Bitcoin ATM

Early prototypes of ATMs dispensing Bitcoin first appeared about a year ago: put dollars in, and the machine will transfer you the equivalent amount in virtual currency, minus a fee. We first heard stories of such an ATM in Cyprus, then we saw two first-generation models at the Bitcoin 2013 …

Zynga Is Giving Bitcoin A Test Drive In Its Social Games

<i>Welcome to our new Payments Insights newsletter, a morning email with the top news and analysis on the digital payments industry, produced by BI Intelligence.</i><p><i>Click here to sign up for Payment Insights today, and receive it every morning in your inbox.</i><p>Zynga announced the deal in a post on the social …

Zynga

Bitcoin’s Future Foretold By Developer Momentum

If you think developers predict the future then there is more reason to believe that Bitcoin is the real deal. The crypto currency is a hit with developers, according to data collected on GitHub by the founders of Bitcoin Pulse, a service recently launched that tracks Bitcoin adoption.<p>Bitcoin Pulse …

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 …

Zynga Links Up With BitPay For A Bitcoin Payment Test In FarmVille 2, CityVille And Other Web Games

Gaming giant Zynga has started to accept the cryptocurrency as a payment option for those buying tokens for virtual goods on the web versions of FarmVille 2, CastleVille, ChefVille, CoasterVille, Hidden Chronicles, Hidden Shadows and CityVille. It makes Zynga the first major gaming company to …

Crazy currency: The more I report on Bitcoin, the weirder it gets

Op-ed: Despite a year of reporting and Bitcoin's insane rise, I'm happy not to own any.<p>The first time I ever heard the word “Bitcoin” was back in …

Inside a $4 million Icelandic bitcoin-mining consortium

In Dealbook, Nathaniel Popper takes a look at a bitcoin-mining business called Cloud Hashing, that's moved its computers to Iceland in search of easy cooling and cheap, renewable power. The current set up requires over 100 computers, designed specifically for cracking the obscure algorithms that …

You Can Now Buy Victoria's Secret Lingerie With Bitcoins

And now, you can use bitcoin to buy Victoria's Secret lingerie via a gift card from Gyft, the app that replaces physical gift cards.<p>The Gyft app is an interesting take on gift cards because it does a couple of cool things. It lets you buy gift cards from about 200 retailers using conventional …

Shopping

BTC China CEO Attempts To Calm The Bitcoin Market After RMB Deposit Shutdown

In a letter posted on the Chinese bitcoin trading site BTC China CEO Bobby Lee attempted to calm the markets by posting a long, detailed description of the way forward for the company. “As China’s first Bitcoin and Bitcoin trading platform company, we have more than two and half years of operating …

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 …

The Bitcoin Swan Dive Was Utterly Predictable

Bitcoin took a pounding in the last 24 hours, dropping below the $500 mark on the popular Mt.Gox exchange before rebounding. As TechCrunch’s John Biggs wrote this morning, “China’s biggest Bitcoin exchange, BTCChina, has stopped accepting deposits in Chinese yuan,” which added to the currency’s …

Bitcoin plummets as China's largest exchange blocks new deposits

The price of bitcoin has plummeted following an announcement from China's largest bitcoin exchange that it would no longer be accepting new yuan deposits.<p>BTC China said that due to action by a third-party payment provider, YeePay, it could no longer accept deposits in the Chinese currency, although …

New Line-Up iOS App Begins UK Roll-Out To Organize Your Favorite Events

Last year Planvine emerged as part of the new wave of apps designed to figure out your entertainment for the evening. For a monthly subscription, it reserved two tickets to events based on your pre-selected interests. However the company has been pivoting and today launched it’s new consumer iOS …

South America Can Now Crowdfund With Bitcoins

While the rest of us are messing around with our PayPals and Amazon Payments, some folks in Argentina have created the first crowdfunding platform in America to take Bitcoin.<p>The platform, called Idea.me focuses primarily on artistic, musical, and retail projects although, as evidenced by the …

Apple iBookstore Now Lets You Send eBooks as Gifts

Just in time for Christmas, Apple has added a gifting feature to its iBookstore opening up a new option for people who are short on present ideas for iPhone and iPad fans in their life.<p>First spotted by Macworld, sending a gift in the book store works just like in iTunes or the App Store. A new …

Apple Could Beat Bitcoin Out Of The Retail Market

Apple’s anti-Bitcoin strategy is taking shape: Apple recently strong-armed the messaging app Gliph into eliminating Bitcoin sending on its iOS app, …

Winklevoss Twin Discusses Bitcoin on Reddit

Cameron Winklevoss, one half of the notorious twin brothers who once battled Mark Zuckerberg over the origin of Facebook, took to Reddit to host an AMA this weekend to discuss the duo’s big interest: Bitcoin.<p>The Winklevoss twins were early Bitcoin advocates but have never revealed their total …

Norway's government says Bitcoin isn't real money

Governments worldwide are trying to solidify their positions on Bitcoin. Chinese regulators banned financial institutions from using Bitcoin earlier this month, while in July, Thailand's government declared the virtual currency's use illegal due to a lack of applicable laws. Now Bitcoin has taken …