Wednesday, December 18, 2013

China Bans Payment Companies From Clearing Bitcoin   


Bloomberg News: Chinese central bank officials told third-party payment service providers to stop offering clearing services to online Bitcoin exchanges, according to China Business News, which is affiliated with the Shanghai government. Companies currently offering services must end services by … Continue reading →

Thursday, November 28, 2013

Bitcoin Is Doomed to Fail   


Edward Hadas, writing for the New York Times: Bitcoin exemplifies some of the problems of private money: Its value is uncertain, its legal status is unclear, and it could easily become valueless if users lose faith. Besides, if bitcoin ever … Continue reading →

Sunday, August 4, 2013

Virtual Currency Gains Ground in Actual World   


Kate Murphy reporting for the New York Times: More businesses are accepting bitcoins lately thanks to Bitpay, which supplies software for processing bitcoin payments. The merchant pays a 0.99 percent fee per transaction versus the 2 to 4 percent fees … Continue reading →