Money

Good Money? Bitcoin mining and the future of money part 2
bitcoinexchangenews.com

Given the engineering difficulties in constructing hardware fast enough to keep up with the needs of contemporary Bitcoin mining, Miller said that dedicated companies have sprung up to produce these products and miners like Williams use online …

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New money
bitcoinexchangenews.com

THIS week's Free exchange column looks at some of the monetary economics of Bitcoin. One of the funny (and telling) things about Bitcoin is that its basic technical details are sufficiently complicated that every piece on the subject must begin with …

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Asleep at the wheel: How Mt. Gox lost $400 million of customer money
bitcoinexchangenews.com

While the big news from Mt. Gox today was a bankruptcy filing, its stated assets and liabilities only tell a small portion of the financial story. Left out of the exchange's $64 million in liabilities were nearly 750,000 Bitcoins that have apparently …

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Bitcoin exchange CEO arrested for money laundering
bitcoinexchangenews.com

U.S. government agents have arrested Charlie Shrem, the CEO of Bitcoin exchange BitInstant, charging him with laundering money for customers of online drug bazaar Silk Road. The U.S. attorney in the Southern District of New York said Shrem helped …

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Bitcoin is a money platform with many APIs
bitcoinexchangenews.com

On the Bitcoin network, you can programmatically check your balance, or the balance of any Bitcoin wallet. You can create and consume transactions on a level playing field. You can operate a bank, a stock exchange, a wire transfer service or an escrow …

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Want to make money off Bitcoin mining? Hint: Don't mine
bitcoinexchangenews.com

But Bitcoin mining ain't easy. While you can purchase coins outright (hence its fluctuating value), the actual process of mining is "supposed to be arduous," says Bloomberg, like extracting gold or diamonds from the earth. While you're not climbing …

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Bitcoin hits new high before losing $160 in value in one day
bitcoinexchangenews.com

Bitcoin, the digital currency, lost more than $160 (£104) in value on Wednesday, just hours after hitting a record high. The currency hit a new high of $266 before falling to $105 and then bouncing back to $130. The fall is unlikely to put off speculators. Two months ago, a Bitcoin was worth $20. With […]

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Bitcoin & The End of State-Controlled Money: Q&A with Jerry Brito
bitcoinexchangenews.com

VIDEO- Bitcoin is the world’s first fully decentralized, peer-to-peer (p2p) virtual currency. It allows users to make anonymous and untraceable cash transactions an…

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