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.
     |
Ever accidentally lose a dollar? Then you count what’s in your war chest, realize it’s a dollar short, and kick yourself for being careless? Well, a British IT worker knows what that feels like—except times 7.5 million.
| |
Let’s play a little game called Good Idea/Bad Idea. Round One: Saving money. That’s a good idea! Round two: Saving thousands of dollars in a Bitcoin wallet that’s highly susceptible to hackers and heists. As the customers of Bitcoin payment processor BIPS will tell you, that’s a bad idea.
| |
Congratulations to all aspiring crypto-currency cosmonauts out there; you’ll soon be able to use Bitcoin, everyone’s favorite pseudomonetary bubble, to book flights on Richard Branson’s Virgin Galactic space boats.
| |
Almost exactly two years ago, Wired published a feature about Bitcoin, comparing the cryptocurrency to "overhyped Silicon Valley IPOs." The headline read, matter-of-factly, "The Rise and Fall of Bitcoin." And, while the magazine was right about the rise, the fall is still to come.
| |
As of Friday afternoon, the FBI had managed to seize 144,000 bitcoins from Silk Road’s founder. Worth some $28.5 million in current exchange rates, that’s the largest ever seizure of the cryptocurrency. But based on the Bitcoin trail uncovered in recent weeks, over $50 million could still be missing
| |
This is site is run by Sascha Endlicher, M.A., during ungodly late night hours. Wanna know more about him? Connect via Social Media by jumping to about.me/sascha.endlicher.
