Tag Archive: Bitcoin

BitcoinThe value and utility of Bitcoin have been hotly disputed ever since the digital currency first got on the map back in 2009. For a couple years it was largely discounted as an ambitious technological initiative with little actual use.

Then, in late 2013, its value spiked to over $1,100 per Bitcoin, lending a new validity to the currency as something that could still have a major impact on world financial markets.

But in the years since, everything has calmed down somewhat; Bitcoin has remained almost entirely in the range of $200-$350 in value throughout 2015, demonstrating a fair deal of volatility, but nothing close to the sort of swings we were seeing in 2013. Continue reading

BitcoinsUnusual project have launched in London recently, the project offers a secure and insured storage of virtual money Bitcoin.

The company Elliptic Vailt, which launched the project, stores virtual money (its private encrypted keys) on servers that do not have access to the Internet and the equipment is located in some kind of secure storage.

The company offers the insurance against theft and loss, so even there will be unpredictable losses, the insurance will cover everything.

Recently, a few hacker attacks were registered whose purpose was to steal virtual money Bitcoin. The problem of Bitcoin is that stolen virtual cannot be recovered in any way as all transactions are technically irreversible. Furthermore, Bitcoin has no central controller, so in case of loss of the digital wallet a user has no one to appeal to solve the problem. Continue reading

Bitcoin ExchangeHave you ever heard of “Bitcoin”? They are a virtual currency that is used from the beginning of 2009 with open source.

Individual Bitcoin is calculated as cryptographic keys in a peer-to-peer networks.

It is one of their main advantages, since these keys can not be tampered with due to their unique characteristics.

Bitcoins, however, are similar to the regular currency. Virtual coins are simply stored on the media (such as hard drive, online storage or USB drive), but not in the wallet. As with any file on your hard drive, the one who has access to the media, also has access to your Bitcoins – like an open wallet lying anywhere. Continue reading

BitcoinVirtual currency Bitcoin shows the auction surprising volatility, undermining the credibility of potential major investors who are interested in her last weeks.

Today in the world’s largest exchange Bitcoin-platform virtual currency exchange rate against the dollar fell by 46% – from 230 to 123.40 dollars for 1 bitcoin.

Recall that in the last couple of weeks, the virtual currency exchange rate rose by almost 500%. Early in the year for 1 bitcoin gave about $ 15, while the end of February rate rose to 30 dollars in the last couple of days, he has soared to more than $ 200 for one virtual currency. Continue reading

BitcoinDigital currency Bitcoin has recently attracted a lot of attention for obvious reasons: the course BTC two months rose from $ 20 to $ 105, while the European Union are discussing whether to apply the experience of Cyprus in other countries, where the crisis situation develops.

Some believe that the partial withdrawal of the deposits of the population – is a normal method of the public debt, something like the income tax. BusinessWeek magazine recently wrote that, in such circumstances, Bitcoin may be the last haven for the savings of personal finance. Continue reading

Virtual money BitcoinVirtual currency Bitcoin, the prospects of a doubt, many experts, is starting to gain real weight in the world.

One sign of this was the proposal to sell the house for virtual money: according to company BBC, the inhabitant of Canada offered the house for sale, having designated the sum in Canadian dollars and in currency Bitcoin (BTC).

Taylor More, who offers to buy its house for virtual currency, explains his decision official requirements: currency Bitcoin he needed some projects with which he is currently working. In the end, More is ready to give its house with a plot area of ​​145 hectare (3.6 acres) or a 405 thousand Canadian dollars (now the Canadian dollar is approximately equal to the U.S.), or for an equivalent amount in bitcoins. The current rate of digital currency is about 69.65 U.S. dollars per 1 bitcoin. Continue reading

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