http://leaprate.com/2014/08/20/american-bitcoin-technology-makes-waves-in-africa-and-venezuela/The total contrast to last year, which curtailed investor confidence due to lack of security, the demise of various exchanges and marketplaces whether at the hands of the government or mismanagement leading to the unsecured loss of substantial amounts of client money, has been turned around almost full circle. The latest development within America’s increasingly highly sophisticated virtual currency ecosystem is the will for companies to export their technology to new and emerging markets, as in the case of New York-based technology platform BlinkTrade.
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http://www.cryptocoinsnews.com/news/usdcoin-may-become-reality-says-cryptolina-bitcoin-regulation-panel/2014/08/17This weekend’s Cryptolina Bitcoin Expo sought to be the Carolinas’ “defining Bitcoin event.” The expo featured a diversity of presentations, which focused both on high-level Bitcoin theory and topics specific to cryptocurrency in the Carolinas. One of the more lively discussions took place during the Cryptolina Bitcoin Regulation Panel. The panelists discussed a variety of topics related to the government’s present and future role in the cryptocurrency industry, and several panel members suggested the United States government may try to implement its own fiat cryptocurrency – a USD coin.
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http://www.savingadvice.com/articles/2014/08/16/1026980_ebay-in-talks-to-facilitate-bitcoin-transactions-for-a-paypal-subsidiary.htmlAs more and more companies accept Bitcoin, the fact that these companies do accept the virtual currency gives it more credibility as a legitimate currency for transactions. The latest news reported by the Wall Street Journal is that eBay is in talks with a number of different companies looking at ways Bitcoin transactions could be integrated into the Braintree payment system at Paypal. If this could be accomplished, it would make it possible for Bitcoin to be accepted for such transactions as Airbnb rentals or Uber taxi rides. There is no intention of integrating Bitcoin into Paypal or eBay where these two companies would also accept them, just possibly the Braintree subsidiary.
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http://venturebeat.com/2014/08/17/how-bitcoin-might-transform-international-payments-a-lifeline-for-millions/On the very first block of bitcoin, its mysterious creator had commented: “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.” He too, has experienced Jamie Dimon’s unbelievable week in America. As a result, he has crafted a new way of transacting money: a peer-to-peer, and open system of technology that looks very little like the system that led to Lehman’s failure. Nearing the middle of the Great Recession, the total amount committed by the Federal Reserve to depression-prevention had risen to nearly $30 trillion.
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http://www.statesman.com/news/business/for-merchants-bitcoin-shows-more-pop-than-potentia/ng4d4/Merchants that accept bitcoins are trying to attract virtual currency enthusiasts like Hand, 37, of Boulder, Colo. And the number of merchants has been growing. Since January, major retailers like Overstock, online travel booking website Expedia, Round Rock-based computer-maker Dell Inc. and satellite television provider Dish Network have started allowing customers to pay using the virtual currency on their websites. Bitcoin supporters say the more widespread adoption of bitcoins by popular companies is an important step toward pushing the currency into the mainstream.
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http://www.coindesk.com/circle-bitlicense-block-new-york-customers/Two top Circle executives have issued strong critiques of New York’s proposed bitcoin regulations. In a new blog post, Circle CEO Jeremy Allaire says that the Boston-based bitcoin startup would move to block New York customers from using its service should the BitLicense proposal become law. His statement was echoed in a companion piece by company CTO Sean Neville.
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http://www.coindesk.com/lull-forex-volatility-mean-bitcoin/Volatility has dwindled from healthy levels in mid-2013 down to 25-year lows in May and July this year. Several reasons have been put forward for what may be the cause of this dry spell, but the overriding causes appear to be the continually low interest rates set by central banks, increased geopolitical risk and return to growth from major economies (keeping risk low in other assets).
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http://www.coindesk.com/cfpb-we-will-monitor-bitcoin/The US Consumer Financial Protection Bureau (CFPB) incited a mixed response from the bitcoin community on 11th August when it issued a new warning to US consumers. The release evoked sometimes strong language in an attempt to warn the public about the potential dangers of engaging with the bitcoin ecosystem, with CFPB Director Richard Cordray likening the ecosystem to a virtual ‘Wild West’.
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http://www.bbc.com/news/technology-28802887Bank transaction charges and problems with phone lines have led some to reluctantly abandon accepting any other form of payment, even during the lucrative summer holidays. But one local business has decided to embrace a controversial alternative. Nestled beside the small ads noticeboard in the crowded shop window of Swanage News is a small sticker that reads "Bitcoin accepted here".
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http://www.technologyreview.com/news/527051/the-man-who-really-built-bitcoin/In March, a bewildered retired man faced journalists yelling questions about virtual currency outside his suburban home in Temple City, California. Dorian Nakamoto, 64, had been identified by Newsweek as the person who masterminded Bitcoin—a story that, like previous attempts to unmask its pseudonymous inventor, Satoshi Nakamoto, was soon discredited. Meanwhile, the person arguably most responsible for enabling the currency to swell in value to $7.7 billion, and with the most influence on its future, was hiding in plain sight on the other side of the country, in Amherst, Massachusetts.
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http://techcrunch.com/2014/08/14/bitcoin-falls-out-of-its-trading-range/The recent narrative around bitcoin has been roughly zilch, as the cryptocurrency picked up a few new large vendors’ support, but otherwise settled into something approaching a summer malaise. The price of bitcoin, which is correlated to media and public interest, has bounced between around the high $500s and the low $600s for some time. Now, it has dropped to $517 and its downturn isn’t letting up.
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http://www.coindesk.com/price-bitcoin-falls-500-lowest-level-since-may/The price of bitcoin on the CoinDesk USD Bitcoin Price Index (BPI) dropped below $500 today. At 2.30pm UTC, the price had fallen nearly 9% to $496.27, its lowest level since 21st May, when concerns about restrictive regulation in China were widespread. Notably, the decline below $500 was short lived, with the BPI quickly rebounding over the $500 mark to reach $512.26 at press time.
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http://www.cnet.com/news/bitcoin-gives-overstocks-bottom-line-a-boost/Bitcoin sales have hit $2 million dollars since the e-marketplace started accepting the digital currency for payments in January, Chief Executive Patrick Byrne said in an interview with Reuters published on Thursday. While that's less than one percent of Overstock's total sales, Byrne expects bitcoin usage to accelerate on the site to $1 million in sales per month by the end of the year. So far, sales from the digital currency have totaled $300,000 a month, reported Reuters.
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