Crowdfunding Campaign Aims to Promote Bitcoin at NASCAR
Following
the dogecoin community’s sponsorship of NASCAR driver Josh Wise
at Telledega, bitcoin may soon boast its own promotional racer in the
iconic US series
Auction of Bitcoins.com Domain Name Halted By US Court
A
restraining order issued by the US District Court of Seattle has
resulted in the cancellation of the anticipated auction of the
Bitcoins.com domain name
Barry Silbert Leads $250,000 Investment in Mexican Bitcoin Exchange Volabit
Mexico-based bitcoin exchange Volabit has received $250,000 in new
funding, an amount the company says will be used to further establish
itself in the digital currency market
Texas-based
computer technology giant Dell became the largest merchant to join the
bitcoin ecosystem late last week when it announced a partnership with
Coinbase and launched a 10% discount for bitcoin customers
Congressional Candidate to Fund Campaign Entirely With Bitcoin
Dan
Elder, a US House candidate in the 1st Congressional District of
Missouri, has announced that he will fund his election campaign solely
on bitcoin donations.
Mystery Scavenger Hunt Gives Away Bitcoin in San Francisco
Someone is going around San Francisco and leaving small sheets of
aluminium all over the city. No, they are not littering. The sheets are
in fact bitcoin ‘paper’ wallets – part of an elaborate scavenger hunt
that is being carried out by an anonymous and fun-loving donor.
CoinSummit Day One: Capital Ventures and Wall Street’s Stance
CoinSummit kicked off at the East Wintergarden in London’s financial
district, Canary Wharf, today. The bitcoin confab is pitched as the
place for serious players in the emerging cryptocurrency economy to talk
shop.
One issue holding bitcoin back from wider-spread adoption is the lack
of businesses that accept the digital currency as payment. This is a
chicken-and-egg problem. If more businesses had the ability to accept
bitcoin, it might encourage consumers to start obtaining and spending
it, and vice versa.
In traditional fiat money systems, governments simply print more
money when they need to. But in bitcoin, money isn’t printed at all – it
is discovered. Computers around the world ‘mine’ for coins by competing
with each other
Bitcoin wallets store the private keys that you need to access a
bitcoin address and spend your funds. They come in different forms,
designed for different types of device. You can even use paper storage
to avoid having them on a computer at all. Of course, it is very
important to secure and back up your bitcoin wallet.
Bitcoin is a relatively new form of currency that is just beginning
to hit the mainstream, but many people still don’t understand why they
should make the effort to use it.
Why use bitcoin? Here are 10 good reasons why it’s worth taking the time to get involved in this virtual currency.
Bitcoin is a form of digital currency, created and held electronically.
No one controls it. Bitcoins aren’t printed, like dollars or euros –
they’re produced by lots of people running computers all around the
world, using software that solves mathematical problems. It’s the first
example of a growing category of money known as cryptocurrency.
Cyber-Security Expert Ashar Aziz Invests in PeerNova
Digital currency tech firm PeerNova has
reportedly received a pre-Series A investment by cyber-security
expert Ashar Aziz, according to a Tuesday morning announcement.
Police in France have reportedly closed the curtains on a bitcoin exchange they say was being run in violation of the law, Reuters reports. (In response to comments below, the name of the exchange is not immediately clear.)