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Bitcoin

The intersection between transparency and privacy can be tricky. Crypto currency bitcoin is a good example of this as its purported anonymity can present problems in transactions and potentially lead to various kinds of fraud. In an effort to make the digital currency more attractive to a wider range of legitimate businesses, students at Trinity College Dublin are looking for ways to increase transparency in transactions without ditching the anonymity altogether and believe a "credit-check" database could be one answer. Read More

As part of a move to expand into supercomputing and deal with the excess heat that is a byproduct of bitcoin mining, BitFury Group, a bitcoin infrastructure provider and transaction processing company, has purchased Allied Control, which makes cooling systems for supercomputing and data centers. Read More

Microsoft has quietly announced that its customers can now use bitcoin to purchase certain products through third party payment processor BitPay, which also supports tech sales site TigerDirect and Virgin’s space flight offshoot Virgin Galactic. Read More

The ever-expanding business uptake of bitcoin continues as more companies realize its increasing popularity amongst tech-savvy consumers. As a result, many progressive companies like Virgin Galactic, Overstock.com, and Atomic Mail have embraced the digital currency as a method of payment. Now Expedia.com has added its name to that list by announcing that it, too, will accept bitcoins for payment of hotel accommodation. Read More
Bitcoin, the digital cryptocurrency designed to enable anonymous peer-to-peer financial exchanges without the involvement of third parties, is having serious teething problems. However, most such problems are associated with bitcoin storage or conversion, and should settle down as the currency is more widely accepted. Assuming this happens, let's look at the strengths and weaknesses of a mature Bitcoin currency in a modern economy. Read More
The value of a thing is what it will bring, or so says an old financial aphorism. It appears that the value of Bitcoins earlier in the month was such that 91.4 Bitcoins had the same value as a used Tesla Model S in Newport Beach, a quiet beach town midway between LA and San Diego in California. Read More
This could turn out to be one of the most remarkable stories of our era – or one of the biggest scams in human history. Bitcoin, the anonymous digital currency, is more than four years old now, and a single bitcoin has gone from being worth literally nothing in 2009 to being worth nearly US$30 at current market values. Here's a quick primer on the Bitcoin system, how some anonymous programmers managed to create 300 million dollars out of thin air, what you can do with bitcoins, and a few words of warning. Read More
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