It’s no longer the Wild West for virtual currency startups — all 2,000 of them. The regulators (and tax collectors) have virtual currencies in their cross-hairs, and the startups must learn to operate in a regulated space. There is tension in the bitcoin community over compliance. There will always beRead More
Post Tagged with: "Mt. Gox"
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
Looking for the latest and greatest in mobile payments? Try China. Companies from the world’s most populous country have made some bold moves recently to bring digital payments into the mainstream not just in China, but around the globe, and innovators in the US and Europe should be paying closeRead More
A month ago you could buy a bitcoin from Mt.Gox for under $200. Last week, it would have cost you around $400. At press time today, that same bitcoin costs about $670. What’s going on? Why would any use so volatile a currency? Alternatively, the Dow Jones Industrial Average toppedRead More
The news broke yesterday that the world’s first bitcoin ATM, produced by a Nevada company called RoboCoin, was open for business at a Vancouver coffee shop. But wait, didn’t the world’s first bitcoin ATM machine open in Cyprus back in April? It turns out, despite all the fanfare at theRead More