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Author: Inside Bitcoins

Bitcoin Price Climbs to Highest Level in Nearly 3 Years

(MarketWatch) – Bitcoin traders are finally moving past the collapse of Tokyo-based digital-currency exchange Mt. Gox. The price of a single Bitcoin touched $777 on Friday, its strongest level since February 2014, when reports that hackers had stolen millions of dollars’ worth of customers’ Bitcoins from Mt. Gox, formerly one of the world’s largest Bitcoin… View Article

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A 26-year old Bitcoin Entrepreneur Was Sent to Prison, and the Experience Only Confirmed His Belief in the Cryptocurrency

(Business Insider) – The rise of 26-year old Charlie Shrem was swift. So was his fall. The self-professed computer geek turned divisive bitcoin entrepreneur is not long out of prison, where he served time for operating an unlicensed money transmitting business. Shrem opened up about his prison experience and his past on Wall and Broadcast, a podcast hosted by TABB… View Article

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Will Bitcoin Soon Be Legal in Vietnam?

(newsBTC) – Reportsexplain that Vietnam is now on the verge of legalizing Bitcoin and cryptocurrency usage, and legislators are looking for ways to regulate bitcoin activity and instill new rules that will allow it to be used in the form of non-cash payments. If and when this occurs, Vietnam will stand alongside nations like the… View Article

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A Chinese $20M Venture Fund is Ready to Finance Bitcoin Startups

(The Merkle) – The Bitcoin startup scene is about to receive up to $20 million from a venture fund. The money is coming from a Chinese family who owns a multi-billion-dollar company. The investors believe that the “use of bitcoin will continue to grow and proliferate in China.”

The post A Chinese $20M Venture Fund is Ready to Finance Bitcoin Startups appeared first on Blockchain Agenda with Inside Bitcoins – News, Price, Events.

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Japan’s Mitsui Sumitomo Introduces New Bitcoin Insurance

(newsBTC) – The cryptocurrency revolution is opening up new markets for conventional businesses as well. The insurance industry is one such sector that can capitalize on the increasing demand. Mitsui Sumitomo, the Japanese insurance major has announced its plans to offer a new product exclusively for the cryptocurrency sector.

The post Japan’s Mitsui Sumitomo Introduces New Bitcoin Insurance appeared first on Blockchain Agenda with Inside Bitcoins – News, Price, Events.

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Kraken Gets MBA Students to Choose Between Bitcoin and Ether

(The Coin Telegraph) – Kraken exchange has partnered with The Economist to ask students, from selected MBA programs, about their preference between the two digital currency networks and why. They were asked the question: “You have $1 million to invest across Bitcoin and Ether. You cannot touch your investment for the next five years. How much… View Article

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A Bitcoin is Worth 70% More in Nigeria Than in America, and Here is Why …

(TechZim) – As I write this article a Bitcoin in Nigeria is trading at $1,280, $550 more than the price of a Bitcoin in the United States ($730), or 70 percent above its premium. Bitcoin in Nigeria has experienced a rapid surge in pricing characterized by high trading volumes on the Nigerian exchange, BitX.

The post A Bitcoin is Worth 70% More in Nigeria Than in America, and Here is Why … appeared first on Blockchain Agenda with Inside Bitcoins – News, Price, Events.

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Trans-Tasman Banking and Legal Experts Focus on Blockchain

(RNZ) – Legal and banking experts are putting their heads together to come up with a framework to regulate the game-changing blockchain technology, driving Bitcoin and other cryptocurrencies. A University of Auckland professor is leading the team tasked with developing a Trans-Tasman framework, with the help of a $50,000 grant from the Law Foundation.

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It Looks Like the San Francisco Muni Hack Was Worse Than We Thought

(Gizmodo) – This weekend, San Francisco’s Municipal Railway was savaged by hackers demanding over $70,000 in bitcoins, leaving the metro system unable to collect fares. But the hack may be much more devastating for the transit agency, according to a list of servers allegedly compromised by the hackers and obtained by Gizmodo.

The post It Looks Like the San Francisco Muni Hack Was Worse Than We Thought appeared first on Blockchain Agenda with Inside Bitcoins – News, Price, Events.

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How Bitcoin is Transforming Casino Industry

(EconoTimes) – Not regulated by a central bank, Bitcoins have many advantages over traditional currencies such as the U.S. dollar and the euro: since the currency is decentralized, the price of Bitcoin is determined not by the monetary policy of a central bank, but by the free market. But while the philosophy behind Bitcoin is… View Article

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Uphold’s Virtual MasterCard to Make Online Payments with Bitcoin Easier

(newsBTC) – Uphold supports multiple cryptocurrencies including Bitcoin, Litecoin, Ethereum and Voxel. The platform is already known for its e-wallet service. The service allows customers to save their digital currency deposits in fiat backed wallets, avoiding fluctuation in value due to price volatility.

The post Uphold’s Virtual MasterCard to Make Online Payments with Bitcoin Easier appeared first on Blockchain Agenda with Inside Bitcoins – News, Price, Events.

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Has Bitcoin Failed to Deliver?

(The Coin Telegraph) – Bitcoin has often been compared to the Internet itself. A project that will change the very world that we live in. The Internet has come to define the age that we currently live in, but can the same be said of Bitcoin? Has Bitcoin been an empty promise? Well, the truth… View Article

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