Sentences with phrase «currency bitcoin into»

A 28 - year - old Crown Heights man was forced at gunpoint to transfer more than $ 1,100 of the digital currency bitcoin into his attackers» bank account last week after a Craigslist meet - up to sell the virtual money went south, local police said.

Just over a year ago, Halsey Minor quietly launched Bitreserve, a site that allowed customers to convert the digital currency bitcoin into other currencies as well as precious metals.

Not exact matches

And that billboard was, at the time, one of the most visible examples yet of how even the most arcane aspects of the cryptocurrency craze are now bleeding into the «real» world — accompanying a wave of interest in more «mainstream» digital currencies like bitcoin.

«If I put myself into the mind of one of those exchanges, they're kind of damned if they do and damned if they don't [support a fork] because their success depends on the price of bitcoin,» said Stefan Thomas, the CTO of crypto - currency company Ripple.

Coinbase, the most popular U.S. cryptocurrency exchange, released «Bitcoin Cash» — a new currency created this summer and currently worth around $ 3,000 — into many customer accounts on Tuesday evening.

The firm says it believes cryptocurrencies like bitcoin will evolve into «universal currencies» available to anyone globally, leading to a «new borderless economic zone.»

Though the committee didn't offer details on how the banking industry might incorporate bitcoin into its business, it was optimistic about the currency's potential effect on the economy:

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.

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.

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

The Internal Revenue Service revealed new details about its investigation into tax evasion related to bitcoin, filing court documents that suggest only a tiny percentage of virtual currency owners are reporting profits or losses in their annual returns.

Bitcoin trader Digital CC has claimed a profitable entry into the computer - generated currency sector, highlighting a $ 630,146 profit for three and a half months of business, despite the vehicle through which it conducted a backdoor listing recording an $ 11.8 million loss for the financial year.

At the moment when a pledge is made, the Bitcoin is converted into the relevant currency using rates established by the Melbourne - based Bitcoin digital wallet CoinJar.

A Los Angeles attorney is asking a federal judge to halt an IRS probe into more than a million customer accounts at Coinbase, a popular site for buying and holding the crypto - currency bitcoin.

While digital currency is becoming increasingly part of the mainstream fiscal news cycle — 2014 will be the year Bitcoin rivals will creep into the conversation.

Many digital currency enthusiasts expected that the launch of futures by the two major exchanges would pave the way for a bitcoin exchange - traded fund, which would likely bring even more institutional funds into cryptocurrencies.

The digital currency has even made steps into the physical realm, with ATM manufacturer Robocoin launching the first bitcoin ATM in a Vancouver coffee shop.

After a sharp drop, bitcoin has surged into record territory again, hitting $ 385 in early Tuesday trading on Mt. Gox — one of the many exchanges for the digital currency.

The rival currency came into existence when a group of miners (the people who deploy mass amounts of computer power to extract «coins») created a different version of the bitcoin software.

It allows you to convert bitcoin into different currencies (the site currently supports nine currencies and four precious metals) for use in the cloud, or simply to be stored, like a bank.

The founder of the Bitcoin Investment Trust has been meeting with Wall Street players whom he says are preparing to pour vast amounts of money into the digital currency.

Ross Ulbricht, 30, was convicted on all seven counts he faced by a federal jury in Manhattan, following a closely - watched trial that spilled out of U.S. investigations into the use of the digital currency bitcoin for drug trafficking and other crimes.

New York state financial regulators have issued subpoenas asking Bitcoin - related companies for information into whether safeguards are in place to prevent the virtual currency from being used in illeg...

Bitcoin and digital currencies in general made a huge step into the financial mainstream on Sunday night.

When Bitreserve first launched, customers could convert bitcoin into a range of different currencies, including the dollar, euro, franc, peso, pound, or metals like gold, silver, and platinum — but they had to start with bitcoin.

The ability to start with something other than bitcoin is a significant shift for Uphold from the digital currency world into the mainstream financial world — now it is targeting customers beyond those familiar with bitcoin.

On Friday, a group of major cryptocurrency exchanges announced their planned response to the split of bitcoin into two separate pools of currency and processing power.

When Bitcoin broke into public consciousness in 2013, it couldn't have been sexier: a digital currency being used to buy everything from drugs to cupcakes.

So my point is if the promise that we buy into is that Bitcoin will become a widely accepted currency in and of itself one day, and that it will account for a huge percent of international transactions, thereby realizing its potential value, we need to also accept that the potential has not yet been realized and right now, in the midst of this euphoria, 90 % of buyers are just trying to get rich quick in dollar terms by trading it.

Bitcoin's value has yet to fully recover from the weekend drop, and there's no guarantee it will go back up — especially if it splits into two separate currencies.

The event was handled exceedingly well by the Bitcoin developers and community but may be in part fueling a rush to diversify into multiple crypto - currencies.

That was on full display the weekend of March 17, as Bitcoin shed about a fifth of its value (dropping below $ 950 at one point, before bouncing back to about $ 1,050 on Monday) as an increasingly bitter split in the developer community behind Bitcoin threatened to split it into two competing currencies.

Both poor Venezuelan retirees and wealthy business leaders are converting their bolivars into bitcoins online and then using the digital currency to pay for everything from doctor appointments and honeymoons to motorcycles and artisanal beer.

The Bitcoin ATM has real potential to bring Bitcoin into more physical stores and spread the currency.

Since 2009, when Bitcoin became the first decentralized digital currency and numerous altcoins started to emerge, the market cap term has also come into common use to describe the total dollar market value and available supply of the total amount of digital currency in circulation.

It could be that a consensus is reached or Bitcoin could split into two or even more distinct currencies.

If a consensus is not reached between the two (or more) groups it could even play out that Bitcoin becomes forever split into two essentially different currencies sharing the same origin.

Consider for instance that Bitcoin is the de facto base currency used to exchange most cryptocurrencies into fiat currency and vice versa.

«Bitcoin is one example of a convertible virtual currency because it can be digitally traded between users and can be purchased for, or exchanged into, U.S. dollars, euros, and other real or virtual currencies.»

Those who hold a larger portion of bitcoin also contribute to the volatility when they decide to convert it into fiat currency.

There is a good reason for that, as Bitcoin can be exchanged into any local currency around the world, eliminating the need for exchange offices.

Bernanke also provided a key insight into how central banks view cryptocurrencies like bitcoin, saying, «Bitcoin is meant to be an attempt to replace fiat currencies and evade government regulation and government intervention.bitcoin, saying, «Bitcoin is meant to be an attempt to replace fiat currencies and evade government regulation and government intervention.Bitcoin is meant to be an attempt to replace fiat currencies and evade government regulation and government intervention.»

Wealthy families are now buying big into Bitcoin as a means to protect their assets from currency controls and rising consumer prices.

With some engineering, it might (someday) turn Bitcoin into a completely untraceable, anonymous electronic currency.

However not all wallets allow you to exchange bitcoins to any currency; some only work on the US market and exchange into US dollars.

You simply register, enter your bank account information, and convert the local currency into bitcoins.

As bitcoin is still relatively new, Zug immediately converts all bitcoin payments into Swiss fiat currency to minimize risk.

At Xapo, you can very easily convert your bitcoins into dollars, euros, or any other currency in the world, in real time and with no hassle.

The sentencing marks the end of one of the first trials of its kind, bringing issues surrounding tools of anonymity including the digital currency Bitcoin and anonymous browser Tor into a federal court room.

«The more that companies work on the problem of holding bitcoins and changing them into different currencies, the faster bitcoin will be adopted.