http://betaboston.com/news/2014/08/13/preparations-underway-for-the-campus-wide-mit-bitcoin-initiative/This summer, some of the key players involved in the Bitcoin initiative, which will be giving every undergraduate $100 in bitcoin, are working non-stop to make the one-of-a-kind Bitcoin experiment at MIT a success Jeremy Rubin, who will be a junior, has been working around the clock this summer to make sure that when the project hands over the $100 of bitcoin to students, there will be opportunities to use the currency just as any other payment method.
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http://www.cryptocoinsnews.com/news/bitcoin-price-crumbling/2014/08/13The Bitcoin price continues the downward trend with hitting an all time low since mid June 2014 with 550 USD per Bitcoin. Two days ago our author Venzen Khaosan posted a Bitcoin price analysis that could help explain why the price is falling the way it does now. Beyond the below factors which are always driving down the price, one large event that may be triggering this price drop is the sale of Ethereum’s bitcoins.
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Another point we need to focus on more. How many counterfeit Bitcoins are in circulation? oh yeah 0! Printing your own dollar bills leads to inflation.
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http://rt.com/op-edge/179372-bitcoin-struggling-revolution-money/Governments are struggling to understand bitcoin. Understanding history might help them better appreciate the Copernican revolution in money. The establishment never deals easily with changes to its status quo. A cocktail of delay, denial and confusion is the usual heady mix which afflicts the governing classes as the bureaucracy wrestles with what art critic Robert Hughes deliciously described as “the shock of the new.”
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http://www.reuters.com/article/2014/08/11/us-bitcoin-regulations-idUSKBN0GB1KF20140811Virtual currencies such as bitcoin are the "Wild West" of financial products because of risks including huge swings in exchange rates, the U.S. Consumer Financial Protection Bureau said on Monday. "Virtual currencies are not backed by any government or central bank, and at this point consumers are stepping into the Wild West when they engage in the market," CFPB Director Richard Cordray said in a statement.
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http://www.cryptocoinsnews.com/news/bitcoin-price-analysis-last-leg/2014/08/11Bitcoin price began descending yesterday, 10 August, with acceleration becoming evident today during the US trading session. At the time of writing, the Bitstamp exchange price has entered a holding pattern around $575. Additional downside seems inevitable, and chart analysis suggests that the current wave down may be the last
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http://online.wsj.com/articles/lake-tahoe-property-sells-for-1-6-million-in-bitcoins-1407534997 Brian Hull, Martis Camp's director of sales, said the buyer was a "Silicon Valley entrepreneur," but declined to disclose his name. He said the buyer purchased the land through a trust, and plans to build a home on the site. The idea to pay for the Tahoe property with bitcoins came from the buyer, said Mr. Hull. "When we originally heard the idea of bitcoin, everybody had a little pause," he said. "We weren't educated at how the transaction would go."
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http://www.coindesk.com/9-useful-bitcoin-data-resources/The days of pencil-pushing to gather and analyse data are numbered if not vanished, and new tools have made gathering, sorting, analysing and visualising enormous amounts of data easier than ever. Bitcoin, of course, lends itself perfectly to these quantitatively-focused metric tools. Few things about the digital currency are subjective, and even though nobody knows for certain what drives bitcoin’s price changes, plenty of people have tried their hand at using technical analysis to predict price trends.
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http://www.ibtimes.co.uk/bitcoin-suspected-be-nsa-cia-project-1460439A white paper on bitcoin was released in 2008, and it was reportedly written by Nakamoto, which roughly means "Central Intelligence" in Japanese. The team added that Bitcoin Forum, a bitcoin community where Nakamoto used to communicate, usually removes posts connecting bitcoin with CIA.
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http://www.marketoracle.co.uk/Article46815.htmlWikipedia is run by a non-profit organization and has been able to operate ad-free because of the generosity of donors from across the world. For donors worldwide, bitcoin is a convenient donation method that ensures 100% of donated funds go to the cause. Donors can also enjoy significant tax benefits by donating bitcoin. As inspiring non-profits such as the Wikimedia Foundation continue to adopt bitcoin as a payment method, we look forward to seeing you and the community show strong support as well.
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http://www.zdnet.com/hacker-hijacks-isps-steals-83000-from-bitcoin-mining-pools-7000032458/A hijacker was able to use a fake Border Gateway Protocol (BGP) broadcast in order to compromise networks belonging to some of the biggest names in the field -- including Amazon, Digital Ocean, and OVH, among others -- between February and May 2014. According to the researchers, at least 51 networks were compromised from 19 different ISPs, and at least one hijacker was able to use this flaw to redirect cryptocurrency miners' connections to a hijacker-controlled mining pool, therefore collecting the miner's profit for themselves.
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The idea behind this new roll-out is to create a fully functional bank-branch like experience using their already growing network of Robocoin ATM machines. The ATMs already work with 12 national currencies worldwide and the list is expanding. It can also allow users to send money using only a phone number or email. Recipients who haven’t signed up for Robocoin can visit the local branch to redeem their payment in cash. “Our goal is to make storing and sending money faster, friendlier, cheaper and easier than any other company in the world,” said Jordan Kelley, Robocoin’s CEO. http://paymentweek.com/beat-banks-robocoin-2-0/ |
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http://www.forbes.com/sites/techonomy/2014/08/07/bitcoin-momentum-grows-in-emerging-markets/Bitcoin is gradually making progress as a medium of exchange in developing countries. While it can be volatile as an investment asset, it has real utility as an instrument for payment and money transfer, especially in places where conventional payment systems are immature. Because Bitcoin facilitates instant payment through peer-to-peer technology, most transactions can be completed in less than 10 minutes no matter how distant the two parties are. In addition, each transaction is recorded in a public ledger, enhancing transparency and trustworthiness.
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