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Tag Archives: bitcoin

Experience: The Arms Race Of Bitcoin Mining Hardware

Personal experience from the miner point of view – As some of you may already know, Bitcoin mining hardware has evolved since its beginning in early 2009. So lets hop in my time machine, I’m going to introduce you to the different families of mining hardware that were used and evolved at a faster pace since mid 2013. At the ... Read More »

Bitcoin news round-up 07.07.2014

Bitcoin continued on its upward trajectory over the past week, rising to $631.48 at the time of writing, up from $598.97 at the start of the week, June 30. Having recovered from some dropback the week prior, the coin is once again comfortably above the $600 threshold; values of which it hasn’t seen since the start of June. Price rises ... Read More »

June 18 FOMC Meeting, What it Means for Bitcoin Price?

On June 18, 2014, The Federal Open Market Committee (FOMC), the policy making committee for the United States Federal Reserve, publicly announced the decisions they made during their 2-day meeting. In this meeting, the FOMC discussed the state of the American economy and deliberated on what the Fed’s policy should be in the near future. Several things came out of ... Read More »

Weekly Bitcoin Update – 1.7.14

A recap of the week’s biggest Bitcoin stories from the perspectives of the best sources for e-currency news around the web Industry News The U.S. government held a bitcoin auction on Friday, June 27th. According to MarketWatch, the government’s supply of digital currency was in high demand, with 63 total registered bids. Individuals interested in the auction include SecondMarket’s Barry ... Read More »

Silk Road Bitcoin hoard sold in US!

Update From Coindesk:  The US Marshals Service (USMS), the federal agency tasked with managing the auction of more than 30,000 BTC seized from defunct online black market Silk Road, has released new data about Friday’s event. The agency told CoinDesk that 45 registered bidders participated in the event, and that 63 bids were received over the course of the auction, which ran ... Read More »

The Silk Road Auction Legitimizes Bitcoin

Recently, the US Marshals have decided to auction off the bitcoins seized in the Silk Road bust that happened in late 2013. As of June 27, 2014, the bitcoins have been sold to the highest bidder. Though, at the time that this article is being written, the winner of those coins remains unknown. There are approximately 30 thousand bitcoins being ... Read More »

Bitcoin News Round-Up 22.06.2014

Bitcoin saw gains this week on a number of good-news items, pushing it from the week’s low of $553.28 on June 15, to $591.29 at the time of writing. The coin’s price was spurred upwards by positive government policy news from both Japan and Switzerland, as well as industry news in support of the cryptocurrency. Industry news OpenBazaar is aiming ... Read More »

List of Silk Road Bitcoin Bidders Leaked by US Marshals

As it was published in Coindesk: A list of potential buyers for almost 30,000 bitcoins confiscated from the now-defunct Silk Road black marketplace has been leaked via email by the US Marshals Service (USMS). The original intent of the email was to inform interested parties about an updated FAQ related to the bitcoin auction. The USMS staffer who sent the ... Read More »

Bitcoin news round-up 17.06.2014

The past week brought positive news for bitcoin despite a 10% price drop since Sunday 8 July. Price decreases over the past week have likely been caused by speculators selling off on fears of the US Marshall’s sale of seized bitcoins will flood the market. Bitcoin holds a value of $599.92 at the time of writing, an improvement of $7.95, ... Read More »

Grandma Sending Christmas Money to Your Wallet Address?

Like any good, disruptive, complex technology, Bitcoin is grossly understood by a society that sees no need for its’ existence, much less a desire to learn how to use it. There was one new technology that was vastly similar to Bitcoin in its’ infancy. Before miners were building rigs or discussing cryptography, a similar cross-section of society was tinkering with ... Read More »

Professionals Voice: Bitcoin Investing Opinions

Bitcoin has gained tremendous support since its conception, and, moving into a new technological era, is being regarded by many as the new way to trade. Many others, however, view Bitcoin as a danger to potential investors. This article will outline some of these opinions, and provide a side-by-side comparison of some of the biggest names the economy and their ... Read More »

Bitcoin news round-up 09.06.2014

Bitcoin’s price has dropped slightly this week after seeing exceptional gains of 30% last week following the bitcoin conference in Amsterdam and news that Apple’s app store would take a more lenient approach to allowing use of the virtual currency in apps. Bitcoin currently stands at $646.20, down slightly from $658.79 on Monday 2 June. Despite last week’s solid growth ... Read More »

Bitcoin news round-up 3.6.14

Last week, Bitcoin crossed the $600 barrier for the first time since March 20 and is currently sitting at $660, gaining 4.7% in value over the past 24 hours, or 65% in the last month. Significant rises in value were spurred by announcements that Apple’s app store and DISH Network would start accepting the currency. The coin had suffered a ... Read More »

Perspectives of Bitcoin Valuation

Starting in 2011, Bitcoin’s drastic increase in value led what tended to be an amateur group of crypto-currency enthusiasts to wade into the unchartered waters of currency speculation. An entirely new ecosystem of forums, exchanges, startups and “whales” began to emerge as new fortunes were made and anecdotes of the latest millionaire who rediscovered a two-year-old hard drive were posted ... Read More »

Hipster no more? Bitcoin making its way to the mainstream!

By: Keno13 Bask in the ambiance while you can boys and girls, as you are currently enjoying Bitcoin “before it becomes cool” according to worldwide financial experts. Bitcoin, in all of its volatile, semi-anonymous beauty is starting to become recognized beyond the world of the Dark Net – Also known as “society”. With the first Bitcoin ATM being launched in ... Read More »