http://www.torontosun.com/2014/08/13/bitcoin-atms-spreading-in-gtaCAVIRTEX — the Ottawa company that bills itself as the largest Bitcoin exchange and service provider — launched its fleet of six Bitcoin automated teller machines (BTMs) Wednesday outside of Gateway Newstands locations in Toronto and Mississauga in a response to what it calls a rising interest in cutting out the middlemen of banks.
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http://www.nasdaq.com/article/bitcoin-getting-started-in-trading-cm379094My intention in writing about Bitcoin in these pages each week is to make the subject as boring as possible. Not the articles, of course; I hope that they will be lively and entertaining, with just the right balance of humor and gravitas and some serious discussion of weighty issues, leading to fabulously successful recommendations. Such is the way that those who write for a living dream. No, what I want to make boring is the subject matter itself.
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http://time.com/3104130/bitcoin-cfpb-virtual-currency/The Consumer Finance Protection Bureau released a report Monday concluding that virtual currencies, such as Bitcoin, offer less protection than regular currencies and can be vulnerable to outrageous mark-ups, online scams and hackers. In addition to publishing the report, the bureau has also added a virtual currency section to their complaint page where people who have run into problems with Bitcoin or other similar currencies can register their issues.
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http://www.itbusiness.ca/news/six-more-bitcoin-atms-to-land-in-toronto/50419Toronto may soon claim the title for the Bitcoin ATM capital of the world, if CAVIRTEX has any say in the matter. Today, the Calgary-based Bitcoin exchange and services provider announced it was rolling out six more Bitcoin Teller Machines (BTMs) across the Greater Toronto Area. According to CAVIRTEX, this will make Toronto the city with the largest number of BTMs in the world. Canada has more than 30 BTMs spread out over Toronto, Vancouver, Ottawa, and Montreal, with the world’s first BTM having landed in Vancouver in 2013.
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http://blogs.wsj.com/totalreturn/2014/08/12/five-questions-about-the-bitcoin-crackdown/Bitcoin is an online currency that can be traded between users or used to buy goods and services from merchants who agree to accept it. Unlike traditional currencies, bitcoin isn’t backed by a central government. The CFPB highlighted the risk of hackers attacking security systems to steal funds, a lack of protections from fraud and massive fluctuations in the price of digital currencies. The agency also said the cost of using virtual currencies can be high, given exchange rates.
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http://blogs.wsj.com/moneybeat/2014/08/11/bitbeat-blockchain-hits-two-million-wallet-amid-strong-interest-in-bitcoin/It’s certainly growing faster than the company anticipated. “The one thing that we’ve seen about projections is that growth usually exceed our projections,” Peter Smith, Blockchain’s chief operating officer, said in an interview with MoneyBeat Monday. Mr. Smith said the company hit the two million mark about two months earlier than they’d expected. The company has worked actively to meet that torrid pace. It acquired rights to the bitcoin.com web address in the spring, revamped and released its Android wallet app, and at the end of July, it re-released its Apple AAPL +1.32% iOS wallet app, which in just about two weeks has been downloaded more than 41,000 times, the company reported.
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http://www.coindesk.com/payza-launches-bitcoin-buying-consumers-190-countries/Global online payment processor Payza has announced it is now offering customers in 190 countries the ability to buy bitcoin via bank transfer. Payza took to its official blog to reveal the news, though this formal announcement followed preliminary tweets from both Payza business development consultant Charlie Shrem and the London and Montreal-based company itself.
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http://www.technews.org/bitcoin-boost-bitcoin-holds-promise-for-non-profits/2913147/“Dignitas has to deal with high credit card and transaction fees on all of our donations which can range between 2-5%,” explained Anne Connelly, the charity’s director of fundraising and marketing. She added: “Every donation dollar we lose in a currency exchange or a transfer fee is a dollar that is not going to help someone in need.”
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http://www.businessinsider.com/britain-regulate-bitcoin-legitimate-currency-2014-8?IR=T&Britain’s top financial cabinet minister George Osborne spoke at Level 39’s Innovate Finance launch event Tuesday when he stated the government’s intention to make London the Financial Technology (“FinTech”) company of the world. The FinTech focused reforms that the Chancellor referred to are to start with government studies, or what Osborne calls the “a major programme of work exploring the potential of virtual currencies and digital money.”
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http://www.coindesk.com/hungarys-220volt-now-accepts-bitcoin-laptops-tablets-tvs/Hungary-based online electronics retailer 220volt.hu has announced it will now offer bitcoin as a payment option, allowing local bitcoin users the ability to buy Apple laptops, Samsung tablets and LED and plasma TVs with bitcoin. 220volt announced its decision to accept bitcoin via payments processor BitPay in a company blog post that provided a brief overview of the digital currency and its history, and that characterized the payment system as an alternative to another popular online payment tool, PayPal.
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https://gigaom.com/2014/08/08/this-week-in-bitcoin-how-google-and-twitter-move-the-market-for-bitcoin/Anyone who has followed bitcoin over the last three years knows that its price is an ad nauseum repeat of price spikes followed by mini crashes. Some of them have been triggered by external stimuli, like MtGox being hacked in 2011 before it ultimately met its demise this past March. The cycle — more like a roller coaster — of bitcoin price movements is becoming an interesting research topic for academics.
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http://gigaom.com/2014/08/08/bitcoin-scammer-hijacked-chunks-of-traffic-from-amazon-and-others-researchers-claim/Dell SecureWorks security researchers have described a series of attacks earlier this year in which someone cleverly got miners of bitcoins and other “cryptocurrencies” like dogecoin to contribute their efforts to his mining pools, sending the proceeds to him instead of them. Bitcoin mining involves solving complex computational problems faster than rivals, in order to add blocks of bitcoin transactions to the “blockchain,” the shared bitcoin ledger. Not only does this keep the blockchain going, but it also generates new bitcoins as rewards for the miners. Obviously, getting there first requires a lot of raw computational power, so most miners pool their resources.
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http://moneymorning.com/2014/08/07/bitcoin-news-today-the-odd-tale-of-a-report-that-shocked-the-fed/Typically, high-profile IPOs like the $20 billion Alibaba offering are reserved for fat-cat institutional investors who overpay for their trades all year just for an inside - and unfair - chance at making it back (and then some) by getting on the IPO's short list. It's a classic you-scratch-my-back-I'll-scratch-yours game, and your average investor is left on the sidelines watching. Money Morning's Executive Editor Bill Patalon knows the game and he's found an end-around play that will leave the insiders wondering just what they missed. By following Bill's lead you could earn as much as 160% or more, very quickly.
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