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Author: Inside Bitcoins

Bitcoin is Being Monitored By an Increasingly Wary U.S. Government

(Newsweek) – Newsweek has learned hundreds of experts inside the nation’s defense and intelligence agencies, as well as private-sector researchers in finance, technology and various think tanks across the country — some of them under contract with the U.S. government — are now investigating how virtual currencies could undermine America’s long-standing ability to disrupt the… View Article

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Meet The 27-Year-Old Mathematician Building A Bitcoin Empire

(Forbes) – Founded in 2013 by 27-year-old Marco Streng, Genesis Mining stands as the largest Bitcoin cloud mining company in the world. Boasting more than 300,000 daily customers, the startup has grown to become a global power that employs over 100 full-time staffers from all parts of the world.

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Bitcoin’s Price Flirts With $800 As Bulls Remain In Control

(The Coin Telegraph) – Bitcoin continues to slowly push to the upside reaching new yearly highs once again over the weekend, defying the logic of many traders. The bears simply cannot get their claws into the market for the time being, despite severely overbought technicals in what is still a heavy resistance zone.

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Bitcoin Crushed Every Other Currency in 2016. Here are 5 Reasons Why.

(The Globe and Mail) – Bitcoin, that nebulous digital currency that trades in cyberspace and is “mined” by code-cracking computers, emerged as a better bet this year than every major currency, stock index and commodity contract. The electronic coin that trades – and is regulated similarly to oil and gold – surged 79 percent since… View Article

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U.S. Feels Threatened By Increasing Popularity of Bitcoin and Other Cryptocurrencies

(newsBTC) – In addition to the country’s economic diplomacy, the United States is also concerned about the creation and use of uncrackable virtual currencies by criminals and terrorists. While these concerns seem to be legitimate, the likelihood of them using a dedicated cryptocurrency within their network is highly unlikely. According to a report on one… View Article

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Agents are ‘Pedalling’ Bitcoins to Tax Dodgers to Help Them Change Up Illicit Cash Using ‘Invisible Currency’ Online

(Daily Mail) – Cons are posing an invisible cyber threat to the nation’s onslaught on black money, pedalling a risk-laden digital currency to tax thieves looking for safe hideouts for their illicit wealth, an India Today investigation has found. Agents of the online bazaar of Bitcoins – virtual money which is thought to have been… View Article

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Prosecutors Pay Bitcoin Ransom, Yet IRS Targets Coinbase Data

(Forbes) – In the midst of the IRS’s legal battle to uncover the identities of Bitcoin users, federal prosecutors have revealed that a state prosecutor’s office had to battle for its own private information, also involving Bitcoin. Pennsylvania’s Allegheny County District Attorney’s Office apparently paid a Bitcoin ransom to protect the privacy of its own information.

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Bitcoin is Approaching New Highs for the Year Because of India’s Demonetization

(Quartz) – India’s cash crunch is sending one currency soaring. Since prime minister Narendra Modi pulled Rs500 and Rs1000 notes from circulation on Nov. 8 in a bid to fight corruption and terrorism, the weekly volume of Bitcoin trading in India has nearly doubled from prior levels.

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7,500 Faceless Coders Paid in Bitcoin Built a Hedge Fund’s Brain

(Wired) – The company comes across as some sort of Silicon Valley gag: a tiny startup that seeks to reinvent the financial industry through artificial intelligence, encryption, crowdsourcing, and bitcoin. All that’s missing is the virtual reality.

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Bitcoin’s Victory Over Gold May Continue in 2017

(The Coin Telegraph) – According to Panos Mourdoukoutas, a contributor at Forbes, Bitcoin has been beating gold by a big margin so far this year. The digital currency has more than doubled in value, while the yellow metal has gained 8.73 percent; and both assets outperformed the S&P 500 and the 20-year U.S. Treasury bonds.

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How A New Hedge Fund is Paving the Way for Bitcoin

(newsBTC) – If you’ve ever built a hedge fund, chances are you’re a financial magnate … And you’re probably really smart. 29-year-old South African entrepreneur Richard Craib certainly appears to be both as the creator of San Francisco’s latest hedge fund operation Numerai.

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