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Archive for the ‘bitcoin’ category: Page 81

Dec 25, 2013

From eatery to meetup, entrepreneurs increasingly accepting ‘bitcoins’ in India

Posted by in categories: bitcoin, business
By Indu Nandakumar, ET Bureau
BANGALORE: Tarun Thadani, the proprietor of a vintage-themed pizza outlet in the posh Worli area of MumbaiWhile bitcoin gains in popularity in India, entrepreneurs and investors say they are concerned about the RBI’s stance on the digital currency. (AFP), thinks he is making history. On Saturday, his restaurant Kolonial announced that its patrons can pay in bitcoins instead of rupees, thus laying claim to the title of being India’s first eatery to accept the new-age currency. “Right now, people are a bit sceptical about bitcoins, but it’s going to become big. I am testing the waters,” said Thadani, 30, who is a bitcoin owner and a host to several bitcoin meetups at Kolonial.

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Dec 23, 2013

Building Bitcoin use in South Florida and beyond

Posted by in categories: bitcoin, economics

By Lance Dixon [email protected]

The U.S. Senate has deemed it legitimate. Detractors dismiss it as unstable and a vehicle for criminal trade. China has  A twenty-five bitcoin token. The digital currency, which carries the unofficial ticker symbol of BTC, was unveiled in 2009 by an unidentified programmer, or group of programmers, under the name of Satoshi Nakamoto. Supply is capped at 21 million Bitcoins and managed by a software algorithm embedded into the digital currency’s design, rather than a monetary authority such as a central bank. banned new deposits on its largest exchange.

Bitcoin, the international digital payment system and currency and one of the hottest technology and finance topics this past year, could become a widespread vehicle for trade, believe the leaders of a Miami group. To further that view, Miami International Bitcoin will be partcipating in the North American Bitcoin Conference slated for Miami Beach in January.

“The thing that’s really exciting about Bitcoin is that, here in South Florida, we have a half billion people to the south of us who do not have access to a banking system that works well, capital markets, credit — things that we take for granted,” said Charles Evans, business professor at Florida Atlantic University and one of the founders of Miami International Bitcoin.

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Dec 23, 2013

Singapore Government Decides Not to Interfere With Bitcoin

Posted by in categories: bitcoin, business, economics, geopolitics, government

for Tech in Asia

Bitcoin

The Monetary Authority of Singapore (MAS), the country’s central bank, has decided not to intervene on whether businesses can accept Bitcoin as a means of transacting goods and services.

“Whether or not businesses accept bitcoins in exchange for their goods and services is a commercial decision in which MAS does not intervene,” it told Singapore-based Bitcoin trading platform Coin Republic in an email.

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Dec 22, 2013

D.C. businesses starting to accept Bitcoin

Posted by in categories: bitcoin, business

By — The Washington Post

In May, brothers Guiseppe and Mario Lanzone started a Peruvian food business in Washington, hoping to cash in on the District’s enchantment with food trucks.

Today, the two are betting on another trend: a virtual currency called Bitcoin. The Lanzones decided a few weeks ago they would be accepting Bitcoin, announcing the change in a tweet to their 800 followers.

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Dec 21, 2013

How Corporate Data Centers Can Mine Bitcoins After Employees Leave For The Day

Posted by in categories: big data, bitcoin, business

By

Here’s an interesting idea: Maybe your company could be raising extra money by using its data center to mine for bitcoins at night.

The thought was half seriously suggested by Jason Langone, director of Federal Sales at a hot Valley startup called Nutanix. He wrote a blog post that explains how it could be done.

Dec 20, 2013

Bitcoin donations welcome, Newport Beach City Council candidate says

Posted by in categories: bitcoin, government

When Newport Beach City Council candidate Michael Glenn thinks of freedom, that includes the freedom to choose how to donate — be it with dollar, peso or bitcoin.

Glenn claims to be the first local politician to accept campaign donations in the esoteric digital currency. He is running against businesswoman Diane Dixon and Harbor Commissioner Joe Stapleton for the Balboa Peninsula’s 1st District council seat.

Glenn’s announcement comes just weeks after customers used bitcoins to pay for a Tesla, and then a Lamborghini, from a Costa Mesa dealership.

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Dec 19, 2013

Overstock.com Will Start Taking Bitcoin Next Year

Posted by in categories: bitcoin, business

Online retail outlet Overstock.com will start accepting Bitcoins as early as the end of Q2 2014, according to CEO Patrick Byrne.

They will be the first major online retailer to do so. The news was first reported on newsBTC.

Byrne told us by phone this afternoon that he considers himself a believer in the Austrian economics school, which says fiat currency, like the U.S. dollar, is fundamentally flawed since it is prone to inflation and manipulation. Bitcoin, like gold, is immune to this, since there is a fixed supply.

Philosophically, we support Bitcion,” he said.

Dec 18, 2013

South America Can Now Crowdfund With Bitcoins

Posted by in category: bitcoin

by

While the rest of us are messing around with our PayPals and Amazon Payments, some folks in Argentina have created the first crowdfunding platform in America to take Bitcoin.

The platform, called Idea.me focuses primarily on artistic, musical, and retail projects although, as evidenced by the project photos, many campaigns have a philanthropic bent. The platform was “born in Argentina” wrote Pia Giudice and is now in seven countries in Latin America. It is the area’s only regional crowdfunding platform. The platform has seen $750,000 in funding and should be raising $2.4 million in March 2014 in a Series A.

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Dec 17, 2013

You Can Now Rent NYC Apartments Using Bitcoin

Posted by in categories: bitcoin, business, economics, finance, human trajectories

by Jeremiah Budin

Bitcoin is a somewhat mysterious, fairly confusing type of digital currency that, until recently, you could use to buy large amount of drugs on the internet. But now you can use Bitcoin for something (arguably) even better than drugs: New York City real estate. A tipster recently sent along a listing for a $2,580/month one-bedroom sublet in 99 John Deco Lofts, accepting Bitcoin, which hit the market last month. And today, online apartment search marketplace RentHop announced in a press release that it will be accepting Bitcoin from people advertising NYC apartments on its site.

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Dec 17, 2013

Bitcoins in Space: Hacker to Fire Digital Currency Into Orbit

Posted by in categories: bitcoin, space

By Robert McMillan

One of the top software engineers behind the Bitcoin digital currency wants to launch it into space.

Last month, Jeff Garzik floated the idea of Bitcoin in space on an internet discussion forum, pitching it as a way to always keep the system up and running — even if it’s attacked by malicious hackers.

The plan is to send up a Bitcoin computer on a tiny inexpensive satellite and have this machine communicate with terrestrial Bitcoin computers via radio. Garzik — who works at Bitcoin payment processor Bitpay and helps shape the open source software that drives the digital currency on thousands of machines across the internet — says that the satellite node could help the Bitcoin network fight back something known as a Sibyl attack. This is where malicious computers flood a node on the peer-to-peer network with bad data. It could give criminals a way of spending their bitcoins more than once, and it’s also part of the so-called selfish miner scenario that Cornell University researchers described last month, saying it could bring down the entire system.

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