Jan 16
The Sacramento Kings will become the first pro sports team to accept BitCoin. Great news for all nine of their fans.
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Jan 14
Digital currencies are often hit or miss, with Bitcoin being king among them and other lesser known digital currencies languishing in the pool of at-least-I’m-worth-something. Then there’s Dogecoin. The currency … Continue reading
Jan 13
You probably won’t be surprised one bit to learn there’s a new Bitcoin competitor out there. A group of cryptographers just announced the creation of Zerocoin, an ultra-anonymous cryptocurrency that’s otherwise a lot like the dozens of other newly launched cryptocurrencies.
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Jan 10
Some enterprising minds and one of the world’s biggest insurance markets is opening a pretty futuristic bank vault in London. But it’s not futuristic for having fancy locks or laser trip wires. It’s futuristic because of what’s inside: Bitcoin.
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Jan 10
Overstock Bitcoin payments begin
Posted in: Today's ChiliWe mentioned back in December that word had surfaced that online retailer Overstock.com would begin accepting Bitcoin virtual currency as payment for items purchased on its website. When that initial … Continue reading
Jan 10
While some countries are warning citizens against using virtual currency like Bitcoin for fear of undermining their officially currency, other governmental agencies are embracing the currency around the world. One … Continue reading
Jan 09
Yahoo has been hit with criticism after it has failed to tell people exactly how widely malware that it served to some visitors to its homepage has spread. Reports indicate … Continue reading
Jan 08
In just a few short years, bitcoin mining has come a long way
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Jan 08
Bitcoin Sales Banned By Alibaba
Posted in: Today's Chili
Bitcoin has gained plenty of traction as well as spotlight in recent times, and this time around, we have Alibaba Group Holding Ltd’s Taobao laying the smackdown on the sale of Bitcoins. This particular ban comes right after a government crackdown against the virtual currency so that it will be able to plug a potential gap in its tight controls on capital flows. Alibaba, China’s biggest e-commerce company, might have taken such a position against Bitcoin as they look to experience a smooth initial public offering of stock that is tipped to happen later this year.
Taobao’s statement that was posted recently claimed that this particular ban will come into effect from January 14, 2014 onward, mentioning, “The central bank clearly requires third-party payment services to close Bitcoin…trading channels.” Apart from that, Alibaba spokeswoman Florence Shih has also shared, “In the interest of consumer protection, Taobao has banned the sale of Bitcoins on the platform.”
What do you think of the Bitcoin craze that has seemingly swept across many people’s minds these days? Do you think that Bitcoin will be all that it is meant to be, or is it the start of another possible Tulip craze? Only time will be able to tell, so stay strapped in for the ride!
Bitcoin Sales Banned By Alibaba original content from Ubergizmo. 
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Jan 07
Singer Lily Allen’s Lost Bitcoin Opportunity Could Be Worth Hundreds Of Millions
Posted in: Today's Chili
Bitcoin – whether you love or hate the virtual currency, you cannot deny its value at the moment, which at the moment is sitting at around $840 for a single Bitcoin. Of course rewinding the clock some five years ago, the currency was worth almost nothing, but we guess not many could have predicted its meteoric rise, and those who did not get in on it are probably regretting it right about now. One of the people highly regretting it at the moment is celebrity, Lily Allen, who has recently taken to Twitter to express her regret at not accepting Bitcoin as payment for one of her concerts several years ago.
According to Allen, “About 5 years ago someone asked me to stream a gig live on second life for hundreds of thousNds of bitcoins, “as if” I said. #idiot #idiot” Based on what Bitcoin is worth at the moment and assuming Allen isn’t exaggerating when she said “hundreds of thousands”, she would have at the very least walked away with a whopping $84 million for her performance! However like we said, not many would have predicted Bitcoin gaining so much value over the past few years, and for all we know it could be a bubble waiting to burst, but had Allen accepted the payment and cashed in when Bitcoin was at its highest, she could have easily retired right there and then.
Anyone else have any regret stories about not getting in on Bitcoin when they should have?
Singer Lily Allen’s Lost Bitcoin Opportunity Could Be Worth Hundreds Of Millions original content from Ubergizmo. 
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