businessinsider.com Archives - 23 August 2014, Saturday

  • Bitcoin Prices Have Fallen $100 In The Past Week

    Bitcoin Prices Have Fallen $100 In The Past Week

    businessinsider.com 17 Aug '14, 11pm

    Bitcoin prices have declined $100 in the past week, about 17%, to $488, according to CoinDesk. The news comes despite announcements last week that Overstock.com was now averaging $15,000 a day in Bitcoin sales, and that DISH Network had officially begun accepting the cryptocurrency. S...

  • PayPal is reportedly in talks with the bitcoin people

    WSJ: Ebay's Paypal Consides Bitcoin

    businessinsider.com 15 Aug '14, 7am

    Thomson Reuters An eBay logo is projected onto white boxes in this illustration picture taken in Warsaw SAN FRANCISCO (Reuters) - Ebay Inc's <ebay.o> PayPal is in talks with Coinbase Inc and other bitcoin transaction providers to integrate the virtual currency within its Braintree pay...

  • Overstock CEO: We're now averaging $15,000 a day in Bitcoin sales

    Overstock Patrick Byrne Talks Bitcoin Sales

    businessinsider.com 14 Aug '14, 12am

    Overstock Overstock.com CEO Patrick Byrne says Bitcoin holders have boosted his company's bottom line as a reward for his decision earlier this year to become the first major retailer to accept the digital currency. Reached by phone by Business Insider Tuesday, Byrne confirmed a repor...

  • economies

    bitcoin

    businessinsider.com 12 Aug '14, 8pm

    Likewise, the number of commits a github repo has, while on the face of it seems to measure developer activity, but it is unclear what the quality of these commits are or whether or not they are eventually removed. Or more importantly, whether or not the code is shipped and installed ...

  • Barry Silbert's Latest Investment Is More Evidence Bitcoin's Biggest Opportunities May Lie Outside The US

    Barry Silbert Invests In Indian Bitcoin Company

    businessinsider.com 11 Aug '14, 10pm

    REUTERS/Rupak De Chowdhuri A gas station attendant looks at an Indian rupee. American venture capital in Bitcoin continues to cross the ocean. On Monday, Barry Silbert's Bitcoin Opportunity Corp. announced it had invested $250,000 in Bangalore-based Unocoin. The firm is less than a ye...

  • Britain May Regulate Bitcoin As Currency

    businessinsider.com 10 Aug '14, 12am

    Britain’s interest in virtual currencies like Bitcoin is as strategic as it is forward thinking. Recall that since the end of WWII, the US dollar has long been the “anchor” or “reserve currency” used by most world governments for international trade. This global demand for dollars lea...

  • Bitcoin Solves

    Bitcoin Solves Big Payments Problems

    businessinsider.com 08 Aug '14, 3pm

    Bitcoin's greatest value is as a global payments network — not as a currency. In a nutshell, Bitcoin allows for the simple and secure transfer of value online. There are many players in the Bitcoin ecosystem that help to make this happen, including Bitcoin exchanges, Bitcoin wallets, ...

  • Lynn Tilton Is Getting A Huge Tennis Award That Comes With A Personalized Rolex

    Lynn Tilton ITA Tennis Award

    businessinsider.com 08 Aug '14, 2pm

    Private equity queen Lynn Tilton, who runs Patriarch Partners, will be receiving a huge tennis award next month. Tilton, an alumna of Yale and former women's varsity tennis player, will be awarded with the highest honor bestowed by the Intercollegiate Tennis Association–the 2014 ITA A...

  • Singapore's Amazing Airport Will Soon Be Even Better

    The Singapore Changi Airport Will Add Project Jewel

    businessinsider.com 04 Aug '14, 5pm

    Singapore's Changi Airport is already considered to be the world's best airport . Soon, it will be even better thanks to a "lifestyle destination" addition to connect all three terminals. Nicknamed Project Jewel , the addition will be a dome-shaped space that will house airport operat...

  • 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...