susan dixon

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A College Kid Made More Than $24,000 Yesterday Just By Waving This Sign On ESPN

A college student quickly made over $24,000 just by waving this sign on TV.<p>Here's the deal: Yesterday on ESPN's "College GameDay" (an ESPN college football show that's filmed at a different college campus each week) some student held the above sign that has both the Bitcoin logo and a QR code.<p>A QR …

Bitcoin

The Tricky Business Of Taxing Bitcoin

Buttressed by an Internet craze, the price of bitcoin has skyrocketed this past year from $17 to over $1,200. Pundits expect significant price volatility in 2014 as well.<p>While the Federal Reserve gave tacit approval, stating “virtual currencies like bitcoin have legitimate uses and should not be …

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

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 …

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

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 …

China’s ban on bitcoin doesn’t make a difference—it was banned already

The People’s Bank of China, the country’s central bank, and four regulators banned financial institutions and payment services (link in Chinese) from bitcoin-related business earlier today. This was done “in order to avoid harm to the public and to the legal monetary status of the renminbi [a.k.a. …

Cryptocurrency