Category Archives: Bitcoin

Bitcoin Aliens - Highest Paying Top Bitcoin Faucet
Bitcoin Aliens is one of the highest paying Bitcoin Faucet with Automatic Payments every Friday. Check out the video for more information. Join the Amazing and Most Profitable Bitcoin Faucet...

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FREE BITCOIN - RABBITCOIN
Get free bitcoins every 2 hours on Rabbitcoin http://q.gs/7yIC8 Bitcoin is a digital currency (also called cryptocurrency). Bitcoin uses peer-to-peer technology to operate with no central...

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FREE BITCOIN - RABBITCOIN - Video

How to pay the internet bill in Thailand with Bitcoin (www.coins.co.th)
This video illustrates how to pay the internet bill in Thailand with Bitcoin (by http://www.coins.co.th) - ...

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How to pay the internet bill in Thailand with Bitcoin (www.coins.co.th) - Video

Charlie Shrem - Decentral Toronto Bitcoin Meetup Group

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Charlie Shrem - Decentral Toronto Bitcoin Meetup Group - Video

OverStock Creating A BitCoin Stock Market!
In this video Luke Rudkowski talks to the communications director of OverStock Judd Bagley about the latest news of their innovation of the bitcoin and business world. Check out our 2nd channel....

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OverStock Creating A BitCoin Stock Market! - Video

The price of bitcoin has suffered recently, with a dip to $200 from $300 since the turn of the year. It was also given the rather dubious title of the "worst investment of 2014" by some news organizations with prices starting 2014 at over $800.

Wences Casares, the founder and CEO of California-based bitcoin services firm Xapo, believes that like the rise of the Internet, it was only a matter of time before the cryptocurrency got it's foot in the door at Davos.

"It's gold 2.0...it's substantially better than gold," He told CNBC on the outskirts of this year's event. His company is banked in Switzerland and provides storage services for bitcoin users. It's not the first time he's been to the event, but the first as a representative of a bitcoin-related company.

Rather than trying to gain more investment, Casares is in Davos to spread the word of bitcoin or "evangelize," as he put it. Casares believes that in 10 years' time, traditional banks will look more like multi-function telecoms firms and believes that bitcoin will form part of that transformation.

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Bitcoin among the world's elite

A general view of the bitcoin booth at the 2015 International CES at the Las Vegas Convention Center in January. Photograph: Ethan Miller/Getty Images

Theres no reason to mourn the fall of bitcoin prices. Anyone who is crying over bitcoins recent face-plant losing one-third of its value in two days must be a speculator. Gambling is gambling sorry, pal. If youre celebrating the price drop because of schadenfreude, or just straight-up skepticism about the cryptocurrency itself, youre missing the point, too.

The nosediving price of bitcoin matters in the short term because rattled confidence hurts any currency, especially a relative newborn that is only used to grease a tiny sliver of global commerce.

In the long run, however, the price swings wont matter. The currency called bitcoin itself may not even matter.

But cryptocurrency will, and likewise the technology underlying it. In a way, bitcoins wild fluctuations in price and coming through them onto calmer waters could ultimately illuminate the staying power and significance of cryptocurrency.

First, though, the near-term doubt and skittishness catalyzed by the price drop: bitcoin has a reputation problem not only because its so young, but also because it lacks institutional credibility.

The bitcoin faithful have argued that price oscillations are to be expected during these early years.

As more investors get involved, and as bitcoins utility as a medium of exchange increases, it will theoretically become less attractive to speculators, thereby stabilizing in price.

Yet it isnt clear exactly how bitcoin will grow if everyday people are spooked. The ongoing price volatility is a real barrier to wider adoption, at least on the consumer side, says Marc Hochstein, editor-in-chief of American Banker. That was true at $10 and it was true at $1,000.

So yes, rattled confidence in the value of bitcoin matters, some, but this is not some do-or-die moment or comeuppance for the currency. On the contrary, its a blip, and a distraction from the meatier discussions about what decentralized currency is, and how the technology that powers it might influence our lives in the future.

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The 'internet weirdos' of bitcoin are changing the way ...

The price of bitcoin has suffered recently, with a dip to $200 from $300 since the turn of the year. It was also given the rather dubious title of the "worst investment of 2014" by some news organizations with prices starting 2014 at over $800.

Wences Casares, the founder and CEO of California-based bitcoin services firm Xapo, believes that like the rise of the Internet, it was only a matter of time before the cryptocurrency got it's foot in the door at Davos.

"It's gold 2.0...it's substantially better than gold," He told CNBC on the outskirts of this year's event. His company is banked in Switzerland and provides storage services for bitcoin users. It's not the first time he's been to the event, but the first as a representative of a bitcoin-related company.

Rather than trying to gain more investment, Casares is in Davos to spread the word of bitcoin or "evangelize," as he put it. Casares believes that in 10 years' time, traditional banks will look more like multi-function telecoms firms and believes that bitcoin will form part of that transformation.

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Bitcoin finds a place among the world's elite

Other Coinbase investors include a subsidiary of USAA bank, the investment arm of Japanese telecom NTT DoCoMo and former Citigroup CEO Vikram Pandit. In total Coinbase has raised $106 million, the company said.

Although some small banks have tested cryptocurrencies similar to bitcoin, Coinbase's current round of funding is the first large investment from major banks into the technology, Armstrong said.

Read More Bitcoin keeps falling, and worries keep rising

Despite the recent problems for the digital assetincluding a sliding price and a costly hacking incidentthese investors are doing more than chasing a passing fad, he said.

"They're really excited about it as a technology, and these people are bitcoin believers," Armstrong said. "They're really interested in the potential that it has to make payments fast, cheap and global for everyone around the world."

Some technologists distinguish bitcoin the currency from bitcoin the technologythe digital protocol could be used for a number of financial applications that could potentially involve fiat currencies.

Read More Forget currency, bitcoin's tech is the revolution

Armstrong told CNBC that he did not anticipate any of Coinbase's investors acquiring his company in the near future. "We want to stay as an independent company," he said.

Armstrong emphasized that bitcoin's exchange rate (which went from about $1,150 in 2013 to the current level of around $220) was not essential to the success of his company, or its investors. As a provider of bitcoin wallets and facilitator of payments, Coinbase is more reliant on trade volume than daily price, he said.

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Finance firms placing bet on bitcoin, or are they?

Other Coinbase investors include a subsidiary of USAA bank, the investment arm of Japanese telecom NTT DoCoMo and former Citigroup CEO Vikram Pandit. In total Coinbase has raised $106 million, the company said.

Although some small banks have tested cryptocurrencies similar to bitcoin, Coinbase's current round of funding is the first large investment from major banks into the technology, Armstrong said.

Read More Bitcoin keeps falling, and worries keep rising

Despite the recent problems for the digital assetincluding a sliding price and a costly hacking incidentthese investors are doing more than chasing a passing fad, he said.

"They're really excited about it as a technology, and these people are bitcoin believers," Armstrong said. "They're really interested in the potential that it has to make payments fast, cheap and global for everyone around the world."

Some technologists distinguish bitcoin the currency from bitcoin the technologythe digital protocol could be used for a number of financial applications that could potentially involve fiat currencies.

Read More Forget currency, bitcoin's tech is the revolution

Armstrong told CNBC that he did not anticipate any of Coinbase's investors acquiring his company in the near future. "We want to stay as an independent company," he said.

Armstrong emphasized that bitcoin's exchange rate (which went from about $1,150 in 2013 to the current level of around $220) was not essential to the success of his company, or its investors. As a provider of bitcoin wallets and facilitator of payments, Coinbase is more reliant on trade volume than daily price, he said.

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Banks bet on bitcoin. Or are they?