Nick French

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Bitcoin's Legality Around The World

Last November, the U.S. Senate dove head-first into the world of Bitcoin, prompted by Security and Governmental Affairs Committee Chairman Tom Carper, a Democratic senator from Delaware who has become very interested in the digital coin. Representatives from law enforcement and financial agencies …

Bitcoin Correction: A Buying Opportunity?

Anyone who follows the Bitcoin market closely cannot help but get dizzy. After racing from low $200 to low $1200s in less than two months, the digital currency dropped more than 35% in five days, and more than 50% from its all-time high two weeks ago.<p>Is this correction a buying or selling …

Coinbase Raises Largest Bitcoin Funding Round to Date

Bitcoin’s price may be rising and falling day-by-day, but the virtual currency remains a hot topic for the tech industry and investors. Reflecting optimism in the space, Coinbase — a popular Bitcoin wallet service — has closed its $25 million Series B round led by Andreessen Horowitz.<p>The company …

Miners spend $17 million a day for a shot at $4.4 million of bitcoin

The price of a single bitcoin, now sitting at $899, is derived from many mysterious sources: supply and demand, potential future business value, animal spirits. One factor is less widely understood: The price of bitcoin depends on the price of electricity.<p>Bitcoin are produced by “mining,” having …

Bitcoin