shauryasaluja

20 Flips | 1 Magazine | 7 Likes | 9 Following | 1 Follower | @shauryasaluja | Keep up with shauryasaluja on Flipboard, a place to see the stories, photos, and updates that matter to you. Flipboard creates a personalized magazine full of everything, from world news to life’s great moments. Download Flipboard for free and search for “shauryasaluja”

First US Bitcoin vending machine opens in an Albuquerque cigar bar

The first publicly-accessible Bitcoin vending machine in the United States has arrived in an "upscale cigar bar" in Albuquerque. Users of the Bitcoin machine that opened today in the New Mexico city can insert money, scan the QR code for their Bitcoin wallet, and have their funds transferred from …

India Raises Concerns On Bitcoin’s Credibility, But Doesn’t Call It Illegal Yet

Bitcoin traders are having a roller coaster ride everywhere, and India is no exception. After initial momentum that saw several Bitcoin exchanges emerge in India, the Reserve Bank of India issued a warning that sent many traders into a tizzy last year.<p>Now, Raghuram Rajan, the RBI’s new governor, …

Bitcoin Crash: Digital Currency Prices Fall Hard | Fortune.com

Last week I pointed to a decline of 23% in the market cap of major digital currencies in July, asking if this was the bottom. Now we have an answer: Not by a long shot.<p>This past weekend brought brutal declines for the two biggest digital currencies. Bitcoin fell to around $1,863 (38% off its …

Ben Horowitz’s Bitcoin Bet

Today in bitcoin ephemera I present this interesting bet between VC Ben Horowitz of Andreessen Horowitz and Felix Salmon, noted bitcoin curmudgeon. Ben has invested in multiple bitcoin startups while Felix has a really cool name and is a well-known economics writer.<p>The bet is simple: in January, …

A string of thefts hit Bitcoin's most reputable wallet service

In a few hours on December 15th, Jeff lost nearly $10,000.<p>It was 10.6 bitcoins held in the wallet service Coinbase, the most well-funded and widely implemented service on the market. Jeff, who asked that we not use his last name, got the news of the transaction as soon as it happened, and after …

Mint Adds Support for Bitcoin

Popular US financial planning company Mint has given Bitcoin a little more legitimacy after it partnered with Coinbase to add support for the virtual currency to its service.<p>Now Mint’s 10 million-plus users can keep tabs on their Bitcoin stash, alongside their existing credit cards, bank accounts …

The Feds Are Ready To Sell $25 Million of Bitcoin Seized From The Silk Road

One of the bigger wallets on the Bitcoin blockchain is going to be emptied in the near future. Back in October, when the feds took down the online drug bazaar Silk Road, they seized the nearly 30,000 bitcoins in its coffers. On Thursday, the Manhattan U.S. Attorney’s office, which is prosecuting …

Silk Road forfeits $28M in Bitcoins seized from its servers

Federal prosecutors announced Thursday the forfeiture of $28 million in Bitcoins seized from Silk Road, an online marketplace that allowed the anonymous sale of illegal merchandise.<p>Preet Bharara, the US Attorney for the Southern District of New York, announced the forfeiture of 29,655 Bitcoins …

Silk Road

Developers flock to hot APIs for Bitcoin, translation, and stock services

Developers have enough to do as they attempt to make their companies’ applications stand out in app stores and even in the world of enterprise software. If they want to add complex features users will dig, like a tool for handling payments in the Bitcoin virtual currency, they can tap external …

Divining The Underlying Value Of Bitcoin

Business Insider’s Joe Wiesenthal today published an interesting piece on Bitcoin, partially responding to Paul Krugman’s somewhat inscrutable recent blog post that called the cryptocurrency “evil,” and partially answering the question of why Bitcoin has value. It’s been a topic we’ve been …

Coinbase Launches Point of Sale App for Bitcoin Payments

Coinbase, the Bitcoin digital wallet service that recently raised a hefty $25 million, is upping its focus on merchants after it released its first standalone point-of-sale app to allow retailers to accept payment via Bitcoin on a mobile device (assuming recent price drops haven’t discouraged them.)<p>…

Dogecoin Hacker Makes Off With $13,000

Dogecoin, a virtual currency that was created for fun and actually gained some traction, has suffered its first hacking incident after online wallet service Dogewallet saw an estimated 21 million Dogecoins belonging to its users snatched by a hacker.<p>Dogecoin isn’t as valuable as Bitcoin, but the …

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 …

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 …

What the arrival of Bitcoin means for society, politics and you

We are moving to a world that uses currencies secured by cryptographical systems. It's time our social and political institutions seriously consider …

Bitcoin start-up raises $25m venture capital funding

<b>Coinbase, a start-up that lets people trade Bitcoins, has raised $25m (£15m) in venture capital funding - the largest by a Bitcoin start-up.</b><p>Bitcoin, a virtual currency, has been attracting a lot of interest and its value surpassed $1,000 recently.<p>Backers of the currency, which is not controlled by …

Andreessen Horowitz funds S.F. bitcoin startup

Coinbase, a provider of online bitcoin accounts and transaction services, raised $25 million in funding led by Andreessen Horowitz.<p>Existing investors Union Square Ventures and Ribbit Capital are also participating in the second round, which brings the total funding to $31 million, the San Francisco …

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

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 …