Post Tagged with: "bitcoins"

Most ‘Bitcoin Cloudmining Operations’ Are Ponzi Schemes

Most ‘Bitcoin Cloudmining Operations’ Are Ponzi Schemes

by April 27, 2015 at 11:56 am 0 comments

Hey buddy, wanna buy some bitcoins? It’s buyer-beware in the world of bitcoin cloudmining, with as many as 75% of those purporting to provide the service being fraudulent, according to a bitcoin mining industry expert. Cloudmining allows users to invest money up front in mining operations and get bitcoins out the backendRead More

Two Highly Divergent Views on Bitcoin Surface

Two Highly Divergent Views on Bitcoin Surface

by December 3, 2014 at 11:45 am 2 comments

It is as if the fintech world views bitcoins in either black or white — nothing close to grey. On Monday, those two perspectives were in contrasting view. On the one hand, VentureBeat published a laudatory opinion piece on bitcoins, claiming that “bitcoin is going to be one of the mostRead More

In Bitcoin Pizza Day, Bitcoin’s Real-World Potential Shines Through

In Bitcoin Pizza Day, Bitcoin’s Real-World Potential Shines Through

by May 22, 2014 at 12:29 pm 0 comments

Happy Bitcoin Pizza Day! Four years ago, Bitcoin enthusiast and Florida resident Laszlo Hanyecz wanted two pizza pies, but wanted to pay with bitcoins. Little did he know that his hunger would help jumpstart bitcoin to the burgeoning virtual currency it is today. Whether or not you are celebrating BitcoinRead More

VIDEO: Details on Circle’s Recently Unveiled Bank Account for Bitcoins

VIDEO: Details on Circle’s Recently Unveiled Bank Account for Bitcoins

by May 16, 2014 at 7:20 pm 0 comments

Bitcoins just got their first bank account — almost. Circle, a Boston-based bitcoin startup, emerged from stealth today at Bitcoin 2014 in Amsterdam with a consumer-facing bitcoin app that is built to resemble an online bank account. Co-founder Jeremy Allaire (of Brightcove fame) explains the service in the video below,Read More

Payment Processor PayStand Will Be a Router for Money

Payment Processor PayStand Will Be a Router for Money

by April 2, 2014 at 9:19 am 0 comments

A new payments startup called PayStand will accept credit cards, e-checks and — you guessed it — bitcoins. CEO Jeremy Almond sees virtual currencies as a kind of online cash that gives more options to merchants and makes them less reliant on the card networks. “We’re looking to give allRead More

Gyft and Walmart Make It Easier to Spend Bitcoins

Gyft and Walmart Make It Easier to Spend Bitcoins

by March 25, 2014 at 10:21 am 0 comments

It just got a whole lot easier to spend those bitcoins burning a whole in your digital wallet. Digital gift card company Gyft — known for being cryptocurrency-friendly and its many enthusiastic fans in the bitcoin community — yesterday announced that it had added Walmart gift cards to its platform. BitcoinRead More

Should Banks White-Label Bitcoins?

Should Banks White-Label Bitcoins?

by February 28, 2014 at 11:32 am 1 comment

Mt.Gox declared bankruptcy today, leading to widespread fears about the security of other bitcoin exchanges. Could banks step into the breach? Could banks even release their own brands of virtual currencies? In the early days of paper money, banks issued their own notes. (See left.) But as time went on,Read More

Free Bitcoin Processing a Sign of Why Alt-Currency Remains on the Rise

Free Bitcoin Processing a Sign of Why Alt-Currency Remains on the Rise

by January 22, 2014 at 2:49 pm 0 comments

Payment discounts rate may vary, but they are never 0% — except if bitcoins are involved. Cryptopay, a London-based payments company, is now offering free processing for payments using bitcoin for two months. The deal is yet another sign why bitcoin momentum remains strong. Indeed, ฿1 continues to trade above $800Read More

Help, I’m Stuck With 21 Zeevexes: Virtual Currencies Need Forex Help

Help, I’m Stuck With 21 Zeevexes: Virtual Currencies Need Forex Help

by November 26, 2013 at 5:03 pm 2 comments

I am watching ฿1 soar to $935 today and my thoughts extended to: how would I get money out of bitcoins today? The truth is the quantity of virtual currency in the world is increasing, and will continue to do so. The wild gyrations in the price of bitcoins isRead More

VIDEO: ‘Spaceless Wallets’ May Ease Your Despair Over Stalled Mobile Payments

VIDEO: ‘Spaceless Wallets’ May Ease Your Despair Over Stalled Mobile Payments

by November 22, 2013 at 11:21 am 2 comments

Are you pessimistic about ever being able to pay with your smartphone for your groceries or dinner tab? Do you think we’ll be stuck paying with plastic forever? Don’t despair. Soon there will be the next best thing to carrying no wallet: a plastic wallet just 3/100s of an inchRead More