Bitpay announces sponsorship of college football bowl game

Bitpay announces sponsorship of college football bowl game

Jun 19, 2014

Merchant bitcoin payments processor BitPay has announced that it will sponsor the St. Petersburg Bowl, an annual college postseason football game sanctioned by the National Collegiate Athletic Association (NCAA), through 2016.     ESPN Events and the Bitcoin payment processor BitPay have reached an agreement for BitPay to sponsor the St. Petersburg...

Bitcoin price slumping again; ‘51% hash power’ threshold reached

Bitcoin price slumping again; ‘51% hash power’ threshold reached

Jun 16, 2014

After hitting a peak of exchange prices around $670 in recent weeks, Bitcoin value has begun to decline again. Experts and analysts are citing two primary reasons:   In January, there was worry in the bitcoin community regarding GHash, a mining pool. It controlled a rising share of the total bitcoin computational power used to mine the cryptocurrency —...

Apple hints it may start allowing Bitcoin apps

Apple tossed a bone to the world’s bitcoin services this week. But not all of them are reaching for it. At its Worldwide Developer Conference on Monday, Apple seemed to make nice with the world’s most popular digital currency, hinting that it may allow bitcoin wallet apps back onto the iPhone and the iPad, and several outfits say they plan on resubmitting their...

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...

Darkcoin gaining value due to privacy qualities

Darkcoin gaining value due to privacy qualities

May 21, 2014

Someone out there likes anonymous money. In only a month, the little-known bitcoin alternative known as Darkcoin has rocketed nearly tenfold in value–from around 75 cents a coin to almost seven dollars. Its selling point: Darkcoin offers far greater anonymity than bitcoin, mixing up users’ transactions so that it’s incredibly difficult to trace a payment to a...

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,...