Crypto()Currency

Nascar Dogecoin finishes 20th

Dogecoin car finishes 20th in NASCAR race, still wins the Internet By Kevin Collier on May 05, 2014 Josh Wise, the NASCAR driver inexplicably sponsored by theDogecoincommunity, finished 20th on Sunday. He captured Dogecoins heart in the process. READ THE FULL STORY

BYDAVID SEAMAN This isnt a live demonstration in the sense that it is happening now (I recorded it over the weekend); it is live in the sense that you are watching these events as they unfolded, there was no time compression and nothing edited out. As you can see fromthe video, it took me less than two minutes to move funds from a desktop to a Samsung Galaxy S5the same process using traditional banking tools such as PayPal, a paper check, or even withdrawing cash from one checking account and walking it to my other bank would take much longer than two minutes. READ THE FULL STORY

ByFran BerkmanonMay 01, 2014 Drive east from downtown Cleveland for about 10 minutes into an unassuming suburb called Cleveland Heights. At the intersection of Cedar and Lee, thats where youll find Bitcoin Boulevard U.S. It sounds like a high-tech, brightly lit promenade, paved with sleek neon blue and green bricks inscribed with ones and zeroes. But Bitcoin Boulevard U.S. is basically just eight brick-and-mortar merchants on the same block that decided to start acceptingBitcoinat the same time: Thursday. READ THE FULL STORY

ByAaron SankinonApril 30, 2014 When people talk aboutBitcoin, they usually call it a cryptocurrency, digital currency, virtual currency, or just electronic moneyall of which are accurate. But these terms miss one of the most interesting features of virtual currenciesthey arent just electronic, theyre also programmable, allowing users dictate precisely how they behave. Imagine being able to tell all the money in your wallet not to allow itself to be spent on tequila shots before embarking on a night out bar hopping. Or parents being able to directly control what kids spend their allowance on without having to constantly look over their shoulders. READ THE FULL STORY

By Saumya Vaishampayan, MarketWatch Bitcoin is the hottest investing trend since the Internet, according to venture capitalists who have sung its praises. But the money hasnt exactly followed. Venture capitalists invested $74.1 million in bitcoin startups across 39 deals in 2013, according to data provided by CB Insights. Thats less than a third of what Internet companies raised in first-round funding in 1995, when Internet leaders like Yahoo, Inc. YHOOand eBay Inc. EBAY were just getting off the ground. READ THE FULL STORY

The virtual currency straight up: computer money created by an anonymous hacker in 2009 has captured hard-core geeks hearts. Its appeal? It enables bank-free (aka middleman-free) anonymous purchasing and, crucially, its a global currency thats not tied to any central bank and not much different than a dollar or a euro. The key characteristics of this digital cash also happen to make it a great fit for people who arent so down with advanced digital technology: the 326 million Africans who lack access to basic banking services. This isnt such a crazy idea. Mobile payments that work on standard-feature phones have already made strong inroads in Africa, with 16 percent of Africans using the services. The largest provider of such payments, M-Pesa, already operates in Kenya, Tanzania and South Africa, as well as India and Afghanistan. READ THE FULL STORY

The Silk Road, for all its clever uses of security protections like Tor and Bitcoin to protect the sites lucrative drug trade, still offered its enemies a single point of failure. When the FBI seized the server that hosted the market in October and arrested its alleged owner Ross Ulbricht, the billion-dollar drug bazaar came crashing down. If one group of Bitcoin black market enthusiasts has their way, the next online free-trade zone could be a much more elusive target. READ THE FULL STORY

Bitcoin may be the future of digital money, but it has a big problem here in the United States: why use it to buy anything when millions of merchants already accept debit and credit cards? Today, if you want to buy a bottle of lemonade with bitcoins, you need to scan a QR code with your phone or email a long bitcoin address to the seller. For most people, buying with bitcoins just isnt as easy as Visa or MasterCard. READ THE FULL STORY

ByPatrick Howell ONeillonApril 19, 2014 Never has there been a more confident, carefree group of drug users than those buying and selling on theSilk Roadin the weeks leading up to April 20, 2012. Hot off the infamous black markets first birthday celebrations, those hazy-eyed optimists were busy getting ready for what seemed would be the greatest4/20sale of all time. A feeling of invincibility permeated the Road and all who walked it. If the cops hadnt shut her down yetafter all the media attention the black market had receivedthen they might never come. This party didnt have to end. READ THE FULL STORY

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