The basic gist of it is, there is this network of people worldwide, and any person that joins the Bitcoin network is responsible for upholding it. The Bitcoin is actually a form of money, like the dollar, euro or pound, but it’s virtual currency on the Internet. It is a type of curren...
“We’ve been in the recession now for several year, the eurozone crisis…People are starting to realize that the government isn’t the best people to put their money to, the government isn’t necessarily going to protect their money for them. So something like Bitcoin represents a call fo...
US seizes top Bitcoin exchange as crackdown begins Get short URL Published time: May 15, 2013 22:25 Tags Court , DHS , Global economy , Globalization , Information Technology , Internet , Law , USA The US Department of Homeland Security seized a payment processing account Tuesday belo...
Crypto-currency or Kryptonite? Max Keiser, the host of RT's ‘Keiser Report,’ is a former stockbroker, the inventor of virtual specialist technology and co-founder of the Hollywood Stock Exchange. Get short URL Published time: May 14, 2013 11:42 Tweet Share on Tumblr News that Bitcoin ...
Bitcoin companies engage in multi-million lawsuit Get short URL Published time: May 03, 2013 16:54 Tweet Share on Tumblr Tags Markets , Law , Currencies , Internet , USA , Banking , Japan , Court The world’s most popular Bitcoin exchange is being sued for $75 million by a Washington s...
This market making activity should be done completely out of reach of regulators. Honesty on the part of the ‘peg’ maintainers would come by way of interacting with various exchanges (that are open) since maintaining this peg would require lots of buying and selling on the various exc...
I was talking to a hedge fund manager I know here in London about setting up a UK based bitcoin exchange. To this end, I contacted a hedge fund servicing company (prime broker) with a large bitcoin position to get a quote on borrowing 10,000 bitcoins. The price they came back with; 25...
China became the second biggest economy in the world by pegging their currency to the dollar at an artificially cheap rate. This boosted exports and built up reserves to the multi-trillion yuan level - of which more than a 1 trillion is US dollars. The Chinese workers themselves canno...
