Tag Archives: bitcoin

Circle removes ability to buy and sell Bitcoin as it doubles down on mobile payments

Launched in 2013, Circle is a consumer finance company originally built with the goal of using the Bitcoin blockchain as a payments platform. Part of that was achieved by offering customers the abilityto buy and sell Bitcoin on the platform. Since then, the company has raised over $70M and slowly but surely turned in the direction of social payments. Buttoday the company is fully cutting support for buying and selling Bitcoin via their platform. Instead, they intent to double down on mobile payments. Today Circle will launch […]

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Bitcoin Mania Interrupted, for Now, After Outage Triggers Selloff

It takes a lot to startle fans of bitcoin, the digital gold of the moment. But Wednesday was, well, a lot — a wild run of exuberant peaks and white-knuckled declines that left even diehards breathless. The dizzying rally in bitcoin, a bull market with few precedents in investing history, was abruptly interrupted by a market outage in the U.S. that seemed to captivate Wall Street even more than the day’s selloff in high-flying technology stocks. Only hours after soaring past $11,000 — a price that represents […]

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Wikipedia founder to fight fake news with new Wikitribune site

Crowdfunded online publication from Jimmy Wales will pair paid journalists with army of volunteer contributors Jimmy Wales, the co-founder of Wikipedia, is launching a new online publication which will aim to fight fake news by pairing professional journalists with an army of volunteer community contributors. Wikitribune plans to pay for the reporters by raising money from a crowdfunding campaign. Wales intends to cover general issues, such as US and UK politics, through to specialist science and technology. Those who donate will become supporters, who in turn will […]

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Bitcoin Soars Past $8,000

Bitcoin’s relentless and volatile rally shows no sign of abating, with the world’s largest cryptocurrency defying growing bubble fears to hit yet another milestone. Bitcoin rose as much as 7.7 percent to a record $8,290 as of 2:47 p.m. in New York. It’s been a tumultuous year for the virtual currency, with three separate slumps of more than 25 percent all giving way to subsequent rallies. Even the most bullish analysts can’t keep up with bitcoin’s rally. Standpoint Research’s Ronnie Moas, who says bitcoin’s market cap will […]

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Los Angeles Hospital Paid Hackers $17,000 Ransom In Bitcoins

(Reuters) – The president of Hollywood Presbyterian Medical Center said on Wednesday that his hospital paid hackers a ransom of $17,000 in bitcoins to regain control of their computer systems after a cyber attack. Allen Stefanek said in a statement that paying the ransom was the “quickest and most efficient way” of regaining access to the affected systems, which were crippled on Feb. 5 and interfered with hospital staff’s ability to communicate electronically. The Bottom Line The president of Hollywood Presbyterian Medical Center said patient care was […]

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Stellar Emerges From Shadow of Bitcoin to Find a Home Overseas

LeEco is like the Netflix of China—except it also sells phones, televisions, and cars. Now, it’s moving into the US after acquiring the stateside television maker Vizio. Unlike some Chinese tech giants that seem happy to focus on a domestic market approaching 1.4 billion, LeEco has international ambitions. And to make those ambitions a reality, it’s embracing a bitcoin-like creation that can quickly and inexpensively move any country’s currency across borders and around the world. This technology is called Stellar, an open source payments protocol that grew […]

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You can now pay for a Vegas lap dance with Bitcoin

BTW Webcam strippers have been accepting Bitcoin for years, but now the currency has finally made it out of the digital word and into the nightclub. Legends Room, a gentlemen’s club near the Strip, will let you use Bitcoin, Etherium, and its own digital currency LGD, during your night out. It’s fittingly promoting the new payment method, which reads like a big PR stunt, alongside the boxing bout between Floyd Mayweather and Conor McGregor set for Saturday. Anyone wanting to watch the fight at the club on […]

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Don’t dismiss bankers’ predictions of a bitcoin bubble – they should know

The virtual currencys success reflects the continuing lack of trust in traditional banking following the credit crunch When the boss of Wall Street’s biggest bank calls a bubble, the world inevitably sits up and listens, albeit with a sense of historically weighted irony: of course an investment bank boss would spot disaster after his industry presided over the last one. Jamie Dimon, the chief executive of JP Morgan, said last week that the ascendancy of the virtual currency bitcoin – which has risen in price from just […]

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Bitcoin Plunges 29% From Record High

Bitcoin plummeted, extending its drop to 29 percent from a record high, on speculation some traders were buying its offshoot amid a struggle over the digital currency’s future. Bitcoin dropped to as low as $5,605 on Monday, from a record high $7,882 reached on Wednesday, data compiled by Bloomberg show. Bitcoin cash rose to $2,426 on Sunday, before plunging to $1,379 as of 9:32 a.m. in Hong Kong, according to Coinmarketcap.com. Bitcoin has slumped since the cancellation of a technology upgrade to increase its block size, amid […]

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Op Ed: “We Never Thought of That” — When Venture-Backed Companies Undertake Reverse ICOs

With well over $3 billion raised this year alone, in very little time initial coin offerings (ICOs) have emerged as a major source of venture finance. Even companies that have already raised conventional venture funding will be tempted to raise additional funds through ICOs. Although not fully intuitive, some have labeled token issuances by entities that previously obtained equity financing as “Reverse ICOs.” One prominent example of a Reverse ICO has already occurred. Recently, Kik Interactive successfully completed an ICO of nearly $100 million. With over $3 […]

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