r121978

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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 …

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 …

If Bitcoin Is So Secure, Why Have There Been Dozens of Bitcoin Bank Robberies And Millions In Losses?

Bitcoin.org, the semi-official voice of the Bitcoin community, says "the whole system is protected by heavily peer-reviewed cryptographic algorithms like those used for online banking. No organization or individual can control Bitcoin, and the network remains secure even if not all of its users can …

Does Your Startup Really Need to Hire In-House Developers?

<b>7. Outsourcing allows your team to focus on marketing</b><p>The most important part of any business is getting customers in the door. If you can’t do that, then you can’t exist.<p>That being said, customers are the first thing your company should be thinking about. Many times, entrepreneurs who are starting …

New York State considers licensing Bitcoin traders

On Friday, the New York State Department of Financial Services announced it will be holding a public hearing on virtual currency regulation, specifically considering whether a certification called "BitLicense" might help manage the spread of online currencies like Bitcoin. The new license would …

Wild day for Bitcoin: currency cracks $700, feds say no new laws are needed

Advertisement<p>1 Comment<p>Credit: Guardian/Guy Grandjean, James Ball<p>Don’t expect the Bitcoin hype to die down anytime soon. On Monday, the virtual …

Analyst Predicts Bitcoin Will Go Over $1000 This Week: 'This Is A Classic Bubble'

As Bitcoin’s value continues its ridiculous climb, into the $600s and $700s on popular exchanges, a price forecasting analyst states the obvious, “This is a classic speculative bubble.” Based on its current momentum, he predicts that it may go as high as $1,700 within the week.<p><i>Disclosure: I own</i> …

Bryan Goldberg's Bustle Has 1 Million Monthly Readers 3 Months After Its Launch

Despite his public fumble, which provoked articles titled, "What Was This Bro Thinking," and "Bryan Goldberg's Bustle Gaffe Makes Laughing Stock Of Launch," early traction signs for his women-focused site look good.<p>Yesterday at Henry Blodget and Sarah Lacy's PandoMonthly interview, Business Insider …

BrightTag snags $27M to help Yahoo Japan track customer data

<b>Updated at 9:00 AM ET with a comment from BrightTag</b><p>Yahoo Japan is about to know a lot more about you.<p>Advertising software firm BrightTag today announced an expanded partnership with Yahoo Japan, which just led a $27 million investment in the company. This latest round brings the total investment in …

The Internet Archive Rescues Bitcoiners From Banking Oblivion

Recently, Kinnard Hockenhull got a call from his bank saying that they'd decided to shut down his account. For Hockenhull, this was potentially fatal …

Should you trust Bitcoin? It depends what you think it's for

There is a future when the City of London <i>really</i> doesn't sleep:<p>Trading still stops on the Stock Exchange at five sharp, but the banker doesn't stop. He just switches kit. He checks his bespoke Bitcoin miner humming away on the corner of his desk. 0.6 coins mined this year, not bad. Then he opens up …

For Bitcoin VCs, There’s No Sexier Word Than “Compliance”

There are few things that people agree on about bitcoin, the virtual currency that has increasingly come under the media spotlight this year. But …

Bitcoin fuels Africa's banking revolution

Bitcoin has landed in Kenya. The online currency that was, until recently, the preserve of tech entrepreneurs and only the most pioneering …

A Bitcoin Exchange Holding $4.1 Million For 1,000 Customers Has Simply Vanished

The GBL exchange claimed to be based in Hong Kong but turns out to have been headquartered in China. The Hong Kong Standard reports:<p>The company appears to have launched in May 2013, with its domain btc-glb.com registered on 9th May and a post later that month by Bitcoin Talk forum user zhaoxianpeng …

18-Year-Old Reports $1 Million Bitcoin Theft From 'Bank' He Controlled — And Says He Can't Call The Cops

The man ran a Bitcoin bank called Tradefortress.<p>Bitcoin transactions cannot be reversed if the receiving party doesn't agree to the refund. ABC noted:<p>The bitcoin transaction trail is designed to be anonymous, which has led to speculation this was an inside job and that TradeFortress took the coins …

Over $1 million stolen from Bitcoin digital wallet service, claims site owner

Another hack has hit Bitcoin. Over a million dollars have been stolen from a service that offered a digital wallet service for owners of Bitcoin, according to the owner of the site. The site was called Inputs.io, and it offered a convenient way for users to store and use Bitcoins. But it's all gone …

How General Motors Was Really Saved: The Untold True Story Of The Most Important Bankruptcy In U.S. History

<i>Editor’s Note: Lots of people–including President Obama–have trumpeted their role in the success of the government-backed turnaround plan that saved General Motors, the most important industrial company in the history of the United States.</i><p><i>But on the fifth anniversary of the crisis, Forbes presents</i> …

Obamacare Is The Chance Of A Lifetime For Venture Capitalists

"This is the greatest opportunity I've seen in my lifetime. It's the first time we are seeing really fundamental changes happen. And there's a lot of money that can be made as this chaos is sorted out," said Lisa Suennen, the co-founder and managing member of Psilos Group, a health-care-focused …