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Xapo, Bitcoin Start-up, just recently made an announcement that the industry leader – Larry Summers, Former US treasury secretary, John Reed, Former CEO of Citibank and Dee Hock, Visa founder have joined the Xapo bandwagon as the advisory board members. This news is a clear indication of how seriously Wall…
Last week, BitFury made an interesting revelation that they are releasing a prototype of a light bulb that can mine bitcoins. This device will be marketed in 2015, as announced by the company officials. The marketing strategy still remains a blur due to being in the stage of nascence. However,…
The Digital currency Bitcoin has always promoted itself as an easy way to transfer money online. However, unfortunately for the currency, it has always been in the news for all the wrong reasons. Just recently founder of Silk Road, Ross Ulbricht, was sentenced to life imprisonment because they operated a bitcoin…
If the rumour wine is to be believed, the word on the streets is that now it is too late to explore the Bitcoin space for newcomers. However, Roger Ver AKA Bitcoin Jesus begs to differ. Although it may seem that the world of Bitcoin has changed significantly and a…
The impact of mining bitcoins on the environment has raised concerns again as a suitability based think tank in Australia pointed out that the mining alone can consume up to 60% global annual production of electricity. Long Future Foundation calculated this estimate on the suppositions that 1 BTC is valued…
Digital crypto currencies and especially Bitcoins are known for their decentralized setup and this is exactly what made so popular. However, from the looks of it, this is about to change! The way this world works is, mighty is the one who has access and control over the information and…
The decentralized network of Bitcoin allows money transfer based on P2P system. Every node of this system keeps the network alive by mining new coins and also validates the transactions. All the transactions that happen across this network are registered on blockchain which uses cryptography technology to validate the authenticity…
Bitcoin has been readily embraced by the Indonesians as a reliable payment solution as well as for online transactions. They have continued to use the service despite knowing its inherent flaws. However, some known issues such as, price volatility and potential cyber attack on the software that takes care of…
Diamonds are a girl’s best friends. This notion has been sold by top advertisers for tens of years to keep their products selling at a premium price. However, this generation is smarter and is not only looking for attractive but also intelligent ways to invest their money, thus the Bitcoin…
PayPal has just recently been indicted for malpractices when they enrolled customers into credit programs without their consent or knowledge. This made the customers responsible for the credits on their account they never really asked for. Credit programs have an impact on your credit scores and the Consumer Financial Protection…
