Tag Archives: Bitcoin

Those Who Know The Least About Bitcoin Want to Ban it the Most

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“Ekins sat down Reason TV to discuss the portion of the results from the April Reason-Rupe poll focused on attitudes towards, and knowledge of, the cryptocurrency bitcoin.  Only 19 percent of respondents had ‘a lot’ or ‘some’ knowledge of bitcoin, but that didn’t stop 47 percent of them from saying they wanted to ban it. However, the more someone claimed to know about bitcoin, the less likely he or she was likely to want to prohibit it, with 71 percent of respondents who claimed to know ‘a lot’ about bitcoin saying it should be allowed and, on the other side of the spectrum, only 27 percent of those who claimed to ‘know nothing’ about it wishing to allow it.”

http://reason.com/reasontv/2014/04/04/those-who-know-the-least-about-bitcoin-w

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TSA Harasses Bitcoiner: Traveler Suspected of Carrying Bitcoin

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“In this video Luke Rudkowski of WeAreChange speaks with BitcoinNotBombs co-founder Davi Barker about his recent experiences while traveling at the hands of the TSA. Barker provides a humorous outlook while reminiscing about his run in with an incompetent TSA agent who suspect that Davi had Bitcoin in his bag.”

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Federal Bank VP: Bitcoin Threat Means Banks Must ‘Adapt or Die’

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“On 31st March, the Federal Reserve Bank of St. Louis – one of the 12 Federal Reserve banks – held a talk on bitcoin from a banking and economic viewpoint.  The session, entitled ‘Bitcoin and Beyond: The Possibilities and the Pitfalls of Virtual Currencies’, was presented by economist David Andolfatto, who is Vice President at the bank and a professor at Simon Fraser University.  Andolfatto is sure that, ultimately, new systems will upend the monetary hierarchy of today – eventually forcing substantial changes within the banking and payments industry.”

http://www.coindesk.com/federal-bank-vp-bitcoin-threat-means-banks-must-adapt-die/

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Bank of Montreal CEO: Bank is open to Bitcoin, conditionally

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“If it was reliable and if it was regulated, ‘then there’s no reason why we couldn’t be an intermediary in bitcoin-related transactions,’ Bill Downe said in an interview after the company’s annual general meeting in Toronto.  ‘Because, if you wanted a Swiss franc transaction or a Japanese yen transaction or a U.S. dollar transaction, we can do that transaction for you,’ he said. ‘If bitcoin [can be] a reliable medium of exchange, then at that point in the future, we would be able to [conduct business] with bitcoin.’  So far, however, almost every major banking chief in North America has either stayed mum on, or openly derided, the currency.  Canada’s banking watchdog said it does not regulate bitcoin.”

http://business.financialpost.com/2014/04/01/bmo-open-to-bitcoin-if-virtual-currency-is-regulated-reliable-says-ceo-bill-downe/

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Australian Manufacturer Debuts First Cashless Bitcoin ATM

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“An Australian company says it has produced one of bitcoin’s holy grails: a cashless ATM that allows users to buy bitcoins using a credit card, and sell bitcoins via a direct deposit to their bank account.  The first fully functional Diamond Circle ATM arrived from its manufacturer in Brisbane this week. Unlike competing ATMs and vending machines that rely on QR codes and cash, Diamond Circle’s solution is based on near-field communication (NFC) technology with paper receipt backups.  This unique approach is the brainchild of CEO Stephen Rowlison, a seasoned FinTech (financial technology) entrepreneur with 30 years of IT experience in Australia, Asia and the US.”

http://www.coindesk.com/australias-diamond-circle-has-cashless-bitcoin-atm-chip-wallets/

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San Jose Quakes to become the next sports team to accept Bitcoin

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“Dave Kaval, President of the San Jose Earthquakes, just told the world on SiliconANGLE’s TheCube that his team will be accepting bitcoin with the upcoming soccer season. Soccer fans can expect to use the virtual currency for anything from the merchandise store as well as tickets to see games.  The San Jose Earthquakes are an American soccer team based in San Jose and a Major League Soccer participant. And now they are the second professional sports team to take bitcoin as a payment option—following the Sacremento Kings (an NBA team) who announced that March 1st would mark their acceptance of bitcoins.”

http://siliconangle.com/blog/2014/04/02/the-san-jose-quakes-to-become-the-next-sports-team-to-accept-bitcoin/

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Israeli Bitcoin Company Opens First Vietnamese Bitcoin Exchange

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“The idea to expand into Vietnam was developed over a bitcoin-purchased beer in an Israeli bar. Eli’s friend, Dominik, a German bitcoiner, understood the opportunity for bitcoin in Vietnam, as his wife is Vietnamese.  Bit2C’s stress-tested and proven technology comes at a dire time for Vietnam. The country is a quickly-expanding market, with over 80 million people suffering from the effects of inflation.  Using bitcoin saves an incredible amount on remittances; of massive importance because the Vietnamese population overseas is ‘over 4 million people, [making it] a top 10 country in the remittance market with more than 10.6 billion dollars a year in incoming transactions,’ Dominik explains.”

http://bitcoinmagazine.com/11803/bitcoin-arrives-in-vietnam/

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Bitcoin could get boost from Square and Stripe moves

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“Two payments companies, Square and Stripe, have said in recent days they are working with the virtual currency bitcoin, lending support to the idea that the bitcoin technology could be used to improve the way money is transmitted.  Square said Monday it would begin accepting bitcoin for products ranging from coffee beans to chairs on Square Markets, its online marketplace. Last week, Stripe said it had launched its first test of bitcoin payments that will allow the online back-up services company Tarsnap to accept bitcoin.  Bitcoin transactions in February averaged $68 million a day, compared with daily averages of $225 million for Western Union and $492 million for PayPal.”

http://blogs.marketwatch.com/thetell/2014/04/04/bitcoin-could-get-boost-from-square-and-stripe-moves/

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eBay Now Allows Virtual Currency Sales

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“eBay, owners of payment service PayPal, has quietly added a new Virtual Currency category to their sales site, allowing users to sell virtual currency like bitcoin, as well as miners, and mining contracts.  The category is sparsely populated right now and the listings are all classified ads, suggesting that eBay wants buyer and seller to hash out their sale outside of the company’s jurisdiction, thereby reducing risk of become liable for scams and fake sales.  Considering bitcoin is a direct competitor to PayPal and recent patent filings have shown eBay is working towards a type of cryptocurrency for its users, it makes sense for them to test the waters in this way.”

http://techcrunch.com/2014/04/04/ebay-now-allows-virtual-currency-sales/

eBay, owners of payment service PayPal, has quietly added a new Virtual Currency category to their sales site, allowing users to sell virtual currency like bitcoin, as well as miners, and mining contracts.

The category is sparsely populated right now and the listings are all classified ads, suggesting that eBay wants buyer and seller to hash out their sale outside of the company’s jurisdiction, thereby reducing risk of become liable for scams and fake sales.

The company has been moving into digital sales over the past year but has long held a no-nonsense policy against digitally downloaded items. One listing for dogecoin, for example, notes that the cryptographic keys to the currency will be sent, presumably on a thumb drive or hard copy, via USPS or UPS rather than via email, something eBay has long frowned upon.

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Lamassu CEO: Our ATMs Will Soon Become Portals for Bitcoin Services

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“Startup Lamassu makes bitcoin ATMs that take in cash and exchange it on the spot for bitcoin. The company was started by Zach Harvey, Josh Harvey and Matt Whitlock just one year ago and, despite regulatory challenges in various locations, more than 200 people have bought Lamassu machines and are working to put them into operation all over the world.  CoinDesk sat down with Zach Harvey at CoinSummit to discuss the machine’s roll-out, Whitlock’s departure and the bitcoin ATM’s true potential.”

http://www.coindesk.com/lamassu-ceo-atms-will-soon-become-portals-bitcoin-services/

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