Bitcoin advocate Mike Hearn and skeptic Dr. Stephen Kinsella shared their opposing views on the future role of the digital currency in a BBC News report.
Tags: Bitcoin
Bubble on Bitcoin will burst with no intrinsic currency value - Greenspan
Former Federal Reserve Chairman Alan Greenspan told Bloomberg Television today that despite the high trading value of the Bitcoin, the virtual currency holds no intrinsic currency value like with real physical money.
College kid raises over USD20,000 via a Bitcoin sign on a televised game by ESPN
A video footage of a college game fan holding a sign that read "Hi Mom send Bitcoin" was caught by ESPN's College Gameday yesterday, with The Verge confirming on its article that the fan raised around USD22,000.
Bitcoin fever spreads to Silicon Valley - FT
According to Financial Times, the Bitcoin fever has caught on to Silicon Valley with digital currency companies getting venture capital financing in their early rounds.
Mt Gox releases new one-time password card for Bitcoin security
In a bid to ensure the user security of in its platform, popular Bitcoin trading exchange Mt Gox announced today that it is implementing a new one-time password card system.
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Virtual currencies are all the rage these days, with Bitcoin at the lead. A report on The Irish Times examined the other solutions that the digital money could provide.
The Bitcoin is doomed to fail because it is private money. This was the view expressed by Edward Hadas, the economics editor of Reuters' Breakingviews.
The competition is growing in the world of virtual currencies as other rivals tout their advantages over the bitcoin, a report from The New Y0rk Times The Dealbook reveals.
Almost all cryptocurrencies (peer-to-peer digital currencies) has been growing fast over the last seven days, including Bitcoin, Litecoin, PeerCoin, Megacoin, and Namecoin, according to coinmarketcap.com.
The wider acceptance of bitcoins reportedly brought its trading value at over the USD 1,000 mark on Mt. Gox, encouraging speculators to grab their share of the virtual currency.
Although Bitcoin and gold are driven by the same demand for alternative currencies, one fared better than the other. Wall Street Journal said investors are rushing to invest in Bitcoin as gold loses its appeal.
Israeli computer scientists Dorit Ron and Adi Shamir retreated their claims in a report they published citing a financial link between the Bitcoin payment system and the operator of Internet black market Silk Road.
Cryptolocker thieves are taking advantage of the $1,000 surge of the Bitcoin value by spreading malware that threatens to encrypt computer data and collecting anonymous Bitcoin ransom from unwitting victims.
Should an average consumer ride on the Bitcoin frenzy? An article published on the The Guardian cautions investors about the unclear nature and use of the Bitcoin, and asks them to wait unless a government-sanctioned financial system for the virtual currency is in place.
