Overstock CEO: We’re Now Averaging $15,000 A Day In Bitcoin Sales

Overstock CEO: We’re Now Averaging $15,000 A Day In Bitcoin Sales

Aug 13, 2014

Overstock Overstock.com CEO Patrick Byrne says Bitcoin holders have boosted his company’s bottom line as a reward for his decision earlier this year to become the first major retailer to accept the digital currency. Reached by phone by Business Insider Tuesday, Byrne confirmed a report  from Reuters’ Gertrude Chavez-Dreyfuss that Bitcoin sales...

DISH becomes world’s largest company to accept Bitcoin

DISH becomes world’s largest company to accept Bitcoin

May 29, 2014

US satellite service provider DISH Network has announced that it will start accepting bitcoin payments later this year. The Colorado-based company is one of the biggest content providers in America, with more than 14 million pay-TV subscribers. DISH plans to start accepting bitcoin payments in the third quarter of 2014, but it has not yet revealed an exact...

Bitcoin a threat to payment processors, not overall banking system, U.S. Federal Advisory Council says

Bitcoin a threat to payment processors, not overall banking system, U.S. Federal Advisory Council says

May 19, 2014

The Federal Advisory Council, which consists of 12 representatives of the banking industry and advises the Board of Governors of the Federal Reserve System, has been talking about Bitcoin. The question “Does Bitcoin pose a threat to the banking system, economic activity, or financial stability?” was asked and the main concerns were mainly about banking,...

Dorian Nakamoto issues statement denying Bitcoin involvement

Dorian Satoshi Nakamoto is back in the news today. He has hired a lawyer, who has issued a statement on his behalf, denying all involvement in and knowledge of Bitcoin: Here is the key passage in the article: Satoshi Nakamoto stands at the end of his sunbaked driveway looking timorous. And annoyed. He’s wearing a rumpled T-shirt, old blue jeans and white...

More signs that digital giants eBay, Google are focused on digital currencies

As much of the digital world has been awakened to the benefits and advantages of digital currencies like Bitcoin in the past several months, there has been widespread speculation about when the leaders in digital commerce might stake their claim in the new economy. There are signs today that could be sooner rather than later. eBay has filed a patent application...

Bitcoin Inventor Satoshi Nakamoto ‘Found’ in California

Bitcoin Inventor Satoshi Nakamoto ‘Found’ in California

Mar 6, 2014

Wow!  I hoped this day would come to pass.  After a journalist spent time tracking down leads and investigating tips, it led him to Satoshi Nakamoto.  I hope this guy is our mysterious Bitcoin creator. The Satoshi reported in the Newsweek article, appears to be living an unassuming American life and continues to value his privacy.  Good journalism work and I...