The Bitcoin's price instability is a reflection of the digital currency's vulnerability to the decisions of government officials, The New York Times The Dealbook reported.
Tags: Bitcoin
Asia's richest man invests in US startup BitPay
Li Ka-shing, the richest man in Asia, has just invested an undisclosed amount in BitPay, a US-based startup that provides services similar to a PayPal for bitcoins.
Overstock.com plans to start accepting Bitcoin in six months
Should everything goes as planned, online discount retailer Overstock.com will be the first prominent retailer to accept Bitcoins as payment, The New York Times Bits reported.
Virtual currency Dogecoin gets hacked at height of niche growth
Dogecoin, which grew from a satirical meme to Bitcoin to a pseudo-legitimate currency, experienced a big hack today after virtual wallet Dogewallet announced its shutdown of services due to hackers who stole around $12,000 worth of Dogecoins from the site.
Is it the end of Bitcoin's venture funding run?
As the hype about the Bitcoin dies, a PCWorld report asks if the well for venture funding for the digital currency has come to an end.
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Idea.me, a crowdfunding platform founded in Argentina, now allows people in seven Latin American countries to fund projects and startups using bitcoin in lieu of credit cards and PayPal.
A report noted that speculators who are looking to acquire Bitcoins by selling sex through certain Reddit subsections are rising at an alarming rate.
Some industry observers believed excess liquidity spurred by central banks' economic monetary policies could result to asset bubbles in niche markets by year 2014.
Jason O'Grady offers Bitcoin speculators a more cost-effective investment in Litecoin, a crypto-currency which is second to Bitcoin in terms of market capitalization.
Recent study about the unfamiliarity of Bitcoins in most of Americans deduced that unless the virtual currency actually collapses, speculators, especially early investors, could continue reap gains as the virtual currency continuously rises.
SecondMarket founder and chief executive Barry Silbert claimed in an article on Entrepreneur that Wall Street will soon invest their money in hundreds of millions into Bitcoin.
The European Union through its European Banking Authority expressed warning similar to China, Germany and Norway regarding the risks associated in using Bitcoins as payment.
Coinbase, a digital wallet services provider, raised $25 million in a Series B funding round participated by Andreessen Horowitz, Union Square Ventures and Ribbit Capital.
EY director Colin Pickard said Bitcoin has the potential to be a game changer in the financial services industry as long as governments start regulating the digital currency.
