businessinsider.com Archives - 31 July 2014, Thursday

  • Arizona's Bitcoin ATM Struck By Lightening

    businessinsider.com 30 Jul '14, 10pm

    , the web site of The Arizona Republic newspaper, lightning hit the Booksmans Entertainment Exchange in Tucson last week, causing a power surge that fried some of the bitcoin ATM's electrical components. Owner-operator Brian Williams told a reporter that he'd started operating the $1,...

  • We Just Got A New Sign Apple Is Embracing Bitcoin

    We Just Got A New Sign Apple Is Embracing Bitcoin

    businessinsider.com 28 Jul '14, 1pm

    Apple has taken another step toward welcoming Bitcoin back into its universe: UK-based Blockchain has announced Apple has approved a new version of its Bitcoin wallet app. Earlier this year, Apple kicked off the last major Bitcoin wallet app , developed by UK-based Blockchain, the wor...

  • Barry Silbert plans to spin off SecondMarket's Bitcoin business

    Barry Silbert Is Planning To Spin Off SecondMarket's Bitcoin

    businessinsider.com 24 Jul '14, 8pm

    SecondMarket founder Barry Silbert is stepping down as SecondMarket CEO to focus exclusively on Bitcoin. He'll remain Chairman and CEO of SecondMarket Holdings, Inc., but now plans to spin off the firm's digital currency activities. Silbert has been a leading cryptocurrency evangelist...

  • The Most Hyped Digital Currency Since Bitcoin Has Officially Launched

    Ethereum Launches Ether

    businessinsider.com 23 Jul '14, 4pm

    Last night, a company called Ethereum began selling the first batch of its cryptocurrency, called ether. As of 10 a.m. Wednesday, investors had already bought $2.6 million worth. We're living in a time when an app that just says Yo is worth $10 million, so this shouldn't be too surpri...

  • Jeremy Allaire

    businessinsider.com 21 Jul '14, 9pm

    Jeremy Allaire Jeremy Allaire Jeremy Allaire is founder & CEO of Circle, a consumer finance company that leverages Bitcoin to make money transfers and payments cheaper, faster, more secure. Prior to Circle, Allaire was Founder, Chairman & CEO of Brightcove (NASDAQ: BCOV), a cloud soft...

  • via @sai

    NXT Cryptocurrency Won't Catch Up To Bitcoin Anytime Soon

    businessinsider.com 21 Jul '14, 8pm

    Despite suffering a massive hit in February, when the world’s largest Bitcoin exchange went bankrupt after losing half a billion dollars worth of the digital currency , Bitcoin is still the leading cryptocurrency with a market capitalization of roughly $8.1 billion. Bitcoin continues ...

  • One Of Bitcoin's Strongest Backers Reveals The Two Big Reasons Why It's Still Not Mainstream

    Fred Wilson On Bitcoin

    businessinsider.com 20 Jul '14, 6pm

    Raise Cache via David Tisch Fred Wilson If you still don't understand what the deal with Bitcoin is, don't worry: Even it's biggest boosters admit it is still probably still too early to be useful to the mainstream. In a talk this week sponsored by the NYC Foundation for Computer Scie...

  • bitcoin

    NYDFS BitLicense Draft

    businessinsider.com 17 Jul '14, 2pm

    In accordance with the New York State Administrative Procedures Act (SAPA), the proposed DFS rules for virtual currency firms will be published in the New York State Register’s July 23, 2014 edition, which begins a 45-day public comment period. After that public comment period, the ru...

  • This Swedish politician only accepts bitcoin — and it's working — via @TheDailyDot

    Politician Only Accepts Bitcoin

    businessinsider.com 12 Jul '14, 6pm

    was designed as a way for people to give other people money as frictionlessly as possible. And if there’s one group that’s almost always willing to accept other people’s money as frictionlessly as possible it’s politicians. While a number of politicians from around the world have embr...

  • Bitcoin Startup Funding Is On Track To More Than Double This Year

    Bitcoin Startup Funding Is On Track To More Than Double This Year

    businessinsider.com 11 Jul '14, 4pm

    Global investment in Bitcoin-related businesses is exploding. The BI Intelligence chart above gives a sense of just how fast money is being pumped into these Bitcoin-based startups. Based on the run rate through June, investment in Bitcoin businesses is on track to reach $250 million ...

  • Is This New York's Next 5-Star Hotel? Looking forward to experiencing @ParkHyattNY #TMOM #luxury

    Park Hyatt New York At One57

    businessinsider.com 11 Jul '14, 2pm

    New York City currently has eight 5-star hotels — the 11-year-old Mandarin Oriental being the most recently anointed. Should the Park Hyatt qualify for the Forbes Travel Guide's top rating , it has to go above and beyond, providing "room amenities including fresh flowers and wine by t...

  • Someone is leaving hidden bitcoin wallets all over San Francisco, including at Mark Zuckerberg's house

    Hidden Bitcoin Scavenger Hunt

    businessinsider.com 11 Jul '14, 3am

    The Hidden Cash treasure hunt phenomenon has gone digital. In May, someone started hiding envelopes of cash all over San Francisco , and now someone is leaving bitcoin wallets around the city, sending people on a digital scavenger hunt. The hunt is appropriately called @SFHiddenBitcoi...

  • Europe Bitcoin Investment Surge

    businessinsider.com 10 Jul '14, 10pm

    Europe is now the fastest-growing region for venture capital investment in Bitcoin, according to CoinDesk. In its quarterly State of Bitcoin report , released Thursday, CoinDesk shows Bitcoin VC funding in Europe nearly doubled in Q2, to $30.9 million from $15.6 million in Q1 . Invest...

  • 7 things I learned from buying and selling bitcoin

    What I Learned From Buying And Selling Bitcoin

    businessinsider.com 10 Jul '14, 11am

    Bankrate diligently follows the ups and downs and developments of virtual currencies. Earlier this year, I bought some bitcoin so I could see for myself firsthand how it worked and track its movements. After having bought, owned, spent and sold bitcoin, here are a few of my takeaways....

  • 6 surprising areas where Bitcoin has gone mainstream

    6 Ways To Spend Bitcoin

    businessinsider.com 08 Jul '14, 11pm

    Amazon, Target, CVS and other chain stores don’t accept Bitcoin directly. But with Gyft, you can use bitcoins to buy a gift card to any of these stores and get around that. And in good news for people attempting to live on Bitcoin, Gyft’s cards include chain restaurants like Burger Ki...

  • Supporter Of Extremist Group ISIS Explains How Bitcoin Could Be Used To Fund Jihad

    ISIS Supporter Outlines How To Support Terror Group With Bitcoin

    businessinsider.com 08 Jul '14, 12pm

    REUTERS A supporter of Sunni terror group ISIS has outlined how to support the movement using Bitcoin. In a PDF posted to a Wordpress blog , a man calling himself Amreeki and Amreeki ("American") Witness on Twitter , explains the problems militants face in funding their operations. On...

  • Bitcoin Is On A Gigantic Tear

    Bitcoin 660

    businessinsider.com 01 Jul '14, 1pm

    It seems the government's auction of a large cache of Bitcoins — which were seized from the online marketplace the Silk Road — is proving to be a major boon for Bitcoin, as rumor is the bids have come in massive.

  • The Government's Bitcoin Auction Is Playing Right Into Bitcoin Bulls' Hands

    Bitcoin Is Popping

    businessinsider.com 30 Jun '14, 7pm

    The auction was unlikely to have gone any other way, given that we are talking about a collection of wealthy Bitcoin bulls getting the chance to bid each-other up in a totally controlled environment. Still, assuming the nearly 30,000 coins the government was auctioning go for a premiu...

  • California governor signs bill removing potential obstacles to bitcoin by @Reuters

    California Governor Signs Bill Removing Potential Obstacles To Bitcoin

    businessinsider.com 29 Jun '14, 10am

    Thomson Reuters California Governor Jerry Brown California Governor Jerry Brown on Saturday signed into law a bill that clears away possible state-level obstacles to alternative currencies such as bitcoin. The legislation repeals what backers said was an outdated California law prohib...

  • These #Luxury #Smartphones #Cost More Than Your Car And Your College Tuition

    Most Expensive Smartphones In The World

    businessinsider.com 28 Jun '14, 7pm

    Let's face it — smartphones don't come cheap. Even with a carrier subsidy, a good phone will still cost around $200. However, that price sounds like nothing compared to what some luxury designers charge for their high-end smartphones. Forget hundreds of dollars — some some extremely h...

  • Bitcoin illegal In California

    businessinsider.com 26 Jun '14, 12am

    BTC Keychain See Also The Bitcoin Network Just Confronted A Major Vulnerability — And Came Out OK Here's Why You Should Probably Be Using a Multi-Signature Bitcoin Wallet Japan Says It Won't Be Regulating Bitcoin Any Time Soon Thanks to one of those bizarre laws that's outlasted its u...

  • The Government Is About To Hold A Gigantic Bitcoin Auction — Here's How To Participate

    Government Bitcoin Auction

    businessinsider.com 23 Jun '14, 9pm

    The U.S. Marshals Service will be auctioning off nearly 30,000 Bitcoins worth $17.5 million on Friday from 6 a.m. to 6 p.m. The coins come from the government's seizure of Silk Road's massive Bitcoin stash, worth more than $80 million. The announcement of the auction earlier this mont...

  • 16 Photos That Show Why Singapore Has The World's Best Airline

    Singapore Airlines Is The World's Best

    businessinsider.com 23 Jun '14, 8pm

    Jennifer Polland/ Business Insider Singapore Airlines took the top spot on our list of the Best Airlines In The World. The list ranked the best major international airlines for flying economy class, based on two categories: the quality of the in-flight experience and the on-time delay...

  • The Bitcoin universe now resembles a medieval agrarian economy by @ofnumbers

    Tim Swanson On Bitcoin Economy

    businessinsider.com 23 Jun '14, 6pm

    Again, there is a difference between the economy Bob wants to have versus the economy Bob currently has. Today Bitcoin, as I have argued, is at most an emerging market akin to a pre-industrialized agrarian economy with enormous frictions. Internally it is an inflexible command economy...

  • The Number Of Daily Bitcoin Transactions Hasn't Budged In A Year

    Bitcoin Transactions

    businessinsider.com 20 Jun '14, 9pm

    Coinometrics Jonathan Levin told us recently that these may even overcount how many true transactions are occurring, as these may include movements by the same Bitcoin holder between two different wallets, as well as transactions used by exchanges and other large corporations for ever...

  • The Bitcoin Network Just Confronted A Major Vulnerability — And Came Out OK

    The Bitcoin Network Just Encountered A Major Vulnerability — And Came Out OK -

    businessinsider.com 20 Jun '14, 2pm

    Bitcoin faces other significant threats beyond fraud and regulation. Right now, too much power is concentrated among a small group of miners which could decrease confidence in the system. In a nutshell, Bitcoin allows for the simple and secure transfer of value online, without interme...

  • Here Are Some Of The US Soldiers Killed In The Line Of Duty Since Last Memorial Day #military #NeverF…

    Afghanistan Casualties Memorial Day

    businessinsider.com 25 May '14, 12pm

    Kevin Lamarque/Reuters A member of the Third U.S. Infantry Regiment (The Old Guard) carries flags during a "Flags-In" ceremony at Arlington National Cemetery in Washington May 22, 2014. The soldiers will place American flags in front of more than 220,000 graves for Memorial Day. The U...

  • Fred Wilson: "With Bitcoin and the blockchain, I found something that got me excited again" — exc…

    Fred Wilson Interview

    businessinsider.com 13 Apr '14, 4pm

    That’s been a big theme for what’s been going on in the venture business over the past five to ten years. I think that is a good thing because it allows more people to participate in the financing of startups. You don’t need to have a $100 million fund to do that. Actually, with the l...

  • Take a look at 22 of the best #military #photos from 2013! @BusinessInsider #AirForce

    Military Photographer Of The Year 2014

    businessinsider.com 11 Apr '14, 8pm

    Tech Sgt. Russ Scalf/US Air Force U.S. Army Sgt. Michael Bodiford, a team leader assigned to 1st Platoon, 1st Battalion, 153rd Infantry Regiment, 39th Infantry Brigade, climbs Pinnacle Mountain Sept. 5, 2013, near Little Rock, Ark. Tech Sergeant Russ Scalf of the U.S. Air Force was na...

  • Bitcoin's Price Fluctuations Shouldn't Obscure Its Value As A Payments System

    Bitcoin's Price Fluctuations Shouldn't Obscure Its Value As A Payments System

    businessinsider.com 11 Apr '14, 5pm

    Unlike government-backed currencies, Bitcoin's elegant design places a strict limit on how many units can be created — 21 million. But each coin can be divided into 100 million pieces, which will allow it to scale as a payments technology. Bitcoin's daily average transaction volume st...