Sentences with phrase «currency bitcoin as»

A local startup is attempting to make buying the digital currency Bitcoin as easy as walking up to an ATM.

To Adam Sah, co-founder and CEO of Best Friend Wholesale & Mercantile, a San Francisco - based specialty grocery store chain, offering the digital currency bitcoin as an alternative payment solution for customers seemed like a no - brainer.

The technology was first developed to underpin digital currency bitcoin as it removes the need for a central bank or authority to police the currency.

Silk Road 2.0 provided an online bazaar where users across the world could buy and sell drugs, computer hacking tools and other illicit items, using the digital currency Bitcoin as payment, authorities said.

Not exact matches

As Zynga becomes the latest adopter of the digital currency, the move highlights a budding trend: businesses adopting bitcoin to woo a key consumer demographic.

As Ryan Selkis of the Digital Currency Group tweeted, blockchain is friendlier to business and innovation («I want to make money / follow rules») while bitcoin suggests obsession and perhaps delusion («I'm fighting a holy war»).

Thomas added that Ripple's own digital currency, known as XRP, is less vulnerable to forks or unpredictable changes because, unlike bitcoin, it relies on voting measures that favor users more than miners.

Henry Blodget discusses this week's bitcoin rally, and how the virtual currency could just as easily go to $ 1 million as it could fall to $ 0.

On August 1, the miners will implement a software update that will create a so - called «fork» and result in two versions of the bitcoin blockchain — and two forms of the currency as well.

That abrupt reversal was magnified many times over in a bitcoin market that doesn't have anything like the same liquidity or transparency as the market for official currencies.

Fully - knit sweaters emblazoned with the logos of popular digital currencies, including bitcoin, Ethereum, and Litecoin — known as «ugly crypto sweaters» — are sweeping the online crypto community.

Bitcoin began as a decentralized, unregulated currency created by and traded between anonymous individuals, one that supposedly couldn't be tracked by government authorities.

Dixon, a partner at Andreessen Horowitz, says people have been treating Bitcoin as a currency or investment opportunity, but that's backward.

Despite the record - breaking values of Bitcoin and its ilk, most digital currencies have failings that make them problematic as a mainstream medium of exchange.

Known as a self - proclaimed geek who said he was uncomfortable in his native France and hadn't been back in years, Karpeles became interested in bitcoin when a customer of his web - hosting services wanted to pay in the virtual currency.

The volatility of bitcoin has made it more useful as a vehicle for speculation than as a currency, say critics — when the value can change drastically from hour to hour, it introduces undesirable risk for sellers and buyers alike.

Bitcoin slumped as South Korea's justice minister reiterated his proposal to ban local cryptocurrency exchanges, fueling concern that a government crackdown will erode one of the world's biggest sources of demand for digital currencies.

That figure though assumes Bitcoin is indeed set to one day become a worldwide currency — a thought that even some cryptocurrency supporters, such as Mark Cuban, question.

As it stands now, however, U.S. regulators don't see Bitcoin, as it stands now, as a currencAs it stands now, however, U.S. regulators don't see Bitcoin, as it stands now, as a currencas it stands now, as a currencas a currency.

Bitcoin's value dropped below $ 8,000 on Friday morning, taking $ 100 billion off the cryptocurrency market as concerns grew over the future of digital currencies this week.

Its token, which the company says will initially be pegged to the value of one U.S. dollar, strives to become a legitimate medium of exchange, a true crypto - currency as opposed to a crypto - commodity, like Bitcoin.

Some investors, such as Murray Stahl of Horizon Kinetics, hypothesize that Bitcoin is worth the value of all the currency in the world — about $ 361,000 per Bitcoin, by Barron's estimates.

Swiss National Bank Chairman Thomas Jordan said in September that he sees bitcoin as more of an investment than a currency.

While the decision to support Bitcoin Cash may placate some Coinbase customers, others are likely to question why the company will take months to do so, even as other digital exchanges support the new currency.

You see, although bitcoin and other cryptocurrencies are commonly referred to as a form of digital currency, in the eyes of the IRS, cryptocurrencies are capital assets, like stocks or commodities, and are therefore subject to capital gains taxes.

«I have in fact sold all my bitcoins recently and switched to bitcoin cash,» he says, referring to the currency that split from bitcoin in August and recently overtook Ethereum as the world's second - largest cryptocurrency.

Goldman Sachs Group Inc. is setting up a trading desk to make markets in digital currencies such as bitcoin, according to people with knowledge of the strategy.

Either outcome — proof that Bitcoin can't work as a currency, or proof that it can — could suck speculative money out of Bitcoin and precipitate a painful crash.

After all, for many believers in virtual currency, the Federal Reserve is enemy No. 1, an institution that has so badly mismanaged the U.S. dollar as to necessitate the creation of a decentralized currency like bitcoin.

Goldman Sachs is planning to get into the business of trading digital currencies such as bitcoin, Bloomberg News reported Thursday, citing sources familiar with the matter.

Virtual currencies such as Bitcoin and Ethereum are a new challenge for U.K. lawyers, plagued with volatility and secrecy that is extending the already painful process of dividing a couple's assets.

Bitcoin has soared more than 1,600 percent this year as people rush to buy the digital currency in the hope it will become a legitimate alternative to gold or traditional money.

Derivatives trading is the culmination of a wild year for bitcoin, which captured imaginations and investment around the world, propelled by its stratospheric gains, and its anti-establishment mission as a currency without the backing of a government or a central bank, and a payment system without a reliance on banks.

He sees bitcoin and Ethereum as representing superior technology, and that this will drive their adoption, and in turn them into mainstream commodities and currencies.

Byrne is a trained economist and a longtime advocate for bitcoin, which he regards as a global currency beyond the control of central banks and governments.

Developed by the mint in 2012, Mint Chip is about as different philosophically from Bitcoin and other digital currencies as you can get.

In other words, more people may be buying bitcoin as a vehicle to invest in more exotic currencies.

Last year, it said Bitcoin businesses, which included exchanges that turn national currencies into Bitcoin, should be classified as money transmitters.

At the start of April, regulators in Japan introduced new rules that treated bitcoin less like an outlaw currency and more as a part of the banking system.

Besides local currencies Stripe allows you to accept Bitcoin or local payment instruments such as Alipay.

With bitcoin supply constrained and increasingly falling short of demand, instead of functioning as a currency, bitcoin is a speculative empty asset.

For starters, here's an overly simplified explanation of Bitcoin: It's a digital currency (there are more than 800 now) that isn't controlled by a central authority such as a government or bank.

Bitcoin's price is not a reflection of its growing usage as currency; it reflects merely demand for the mirage of its speculative value.

Which global investment giant disses Bitcoin as not a currency at all?

One thing, however, is clear: Although both the public and the crypto community refer to bitcoin and altcoins as virtual currencies, the IRS treats them as property for tax purposes.

Because its price increases, both its «miners,» whose computers do complex calculations to earn the currency, and those who buy bitcoins from others feel reluctant to use them as currency by spending them.

Some on social media were skeptical, however, of some of the report's loftier claims, including the idea of Telegram becoming a rival to currencies such as Bitcoin:

Of course, as the owner of an exchange for the currency, Lee has a huge stake in Bitcoin's longevity.

For an entertaining yet educational eyeful of just how bizarre the Bitcoin story is, from its mysterious beginnings to its rise as a kind of, almost, on the brink of mainstream currency around the globe today, take a look at the revealing infographic below from WhoIsHostingThis.com.

The news will come as a relief to thousands of people who dabbled in bitcoin but faced the prospect of a tax investigation for failing to disclose they sold a small amount of the currency, or used it to purchase goods and services.