Bitcoin in San Diego: more small businesses keep joining the crypto-revolution

San Diego is not like any other city in the world when it comes to Bitcoin, as their relationship is rather special. After local businesses like Hangtime Climbing started accepting cryptocurrency payments and especially since the creation of the platform Bitcoins in San Diego, Bitcoin’s presence and awareness in the city, located in the state of California (USA), […]

Coinsetter’s CEO writes public letter to the banks asking for more cooperation

Jaron Lukasiewicz, the CEO and founder of the New York-based Bitcoin trading platform Coinsetter, recently wrote a message to the banks talking about cryptocurrency. The text was published by Bitcoin Magazine and creates a scenario that shows why banks will soon love virtual coins. Let’s begin with a short thought experiment. Put yourself into a world […]

Tradehill suspends trading: “banking and regulatory issues” make one more victim

Tradehill, one of the largest Bitcoin exchanges in the United States, has officially suspended trading and explains the situation in a statement published on the company’s homepage. The platform says the temporary shutdown was caused by “banking and regulatory issues”. According to the statement, “this decision has not been made lightly and we regret having to […]

When global crisis happen how will BitCoin function?

Is the idea that technology well be so prevalent and failsafe that the worry over transactional requirements would be moot? It is a worrisome thought that in future crypto currency world when the poop hits the fan and disaster strikes that all your money will be unavailable unless minimum technical requirements are met. I have think there needs to be some thought in to offline transactions, physical exchange without direct block chain access. Am I wrong? submitted by whodkne link 5 comments

Can currency problems in BRIC countries stimulate Bitcoin adoption in emerging economies? And would Bitcoin be helpful?

There are a growing number of reports that several of the largest emerging economies (often named BRIC countries), except China, are dealing with increasing currency devaluation problems – up to one third in the last months. This development seems to be the direct consequence of the beginning change in US monetary politics, which is going to end ultra-low interest rates. According to analysts, higher interest can become a large problem for these economies, as they either have to increase their central bank interests too, or have to watch currency devaluation and capital flight. That means potentially …