Bitcoin

Bitcoin

U.S. Treasury: Bitcoin Miners and Investors Won’t Be Regulated

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Bitcoin miners and investors will not be regulated by the US Treasury. The clarification came in a pair of rulings on Thursday from the Financial Crimes Enforcement Network (FinCEN), a bureau of the US Treasury Department, which said that people who mine virtual currencies for personal use and businesses that buy and sell virtual currencies […]

Sacramento Kings

The Sacramento Kings Now Let You Use Bitcoin to Buy Tickets and Merch

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Another step for Bitcoin entering mainstream commerce and consciousness. The Sacramento Kings basketball team has started to let fans pay for tickets and merchandise using the cryptocurrency — becoming the first professional sports team to hop on the Bitcoin bandwagon. People who visit the Kings’ physical retail store in Sacramento can already go in and […]

Bitcoin

Coinbase Adds Two-Factor Security to Protect Bitcoin Transfers

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Security remains a major pain point for Bitcoin — as a number of hacks on companies involved with the virtual currency prove — and that’s led Coinbase, the most heavily funded Bitcoin startup out there, to beef up its measures. The company has extended its two-factor authentication security process when sending over $100 in Bitcoin […]

Coinye West

‘Coinye West’ is Bitcoin for the Masses

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When Kanye West wrote the lyric, “I’m chilling, trying to stack these millions,” he probably did not mean digital currency. But a new technology might give him pause, or at least have him scratching his head. In a sign that the frenzy over Bitcoin may have reached a new level of ridiculousness, there is now […]

Bitcoin

Bitcoin’s Value Falls Nearly 50% as China Enacts Bans

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Remember the giddy highs of $1000 Bitcoin? That’s so two weeks ago. Lately, the virtual currency is in the midst of another of of its famous crashes — or swoons if you prefer — as bad news trickles in from overseas. Here’s a chart, via Bitstamp, that shows the latest price tumble. The currency reached […]