Sentences with phrase «than bitcoin for»

A PBoC - backed digital currency will be no different than Bitcoin for users that transact over phones or laptops.

Litecoin, for example, is much better than Bitcoin for making small purchases or transactions, like buying a cup of coffee.

The reason for purchasing Ethereum and not Bitcoin is that it has far cheaper fees than Bitcoin for sending and the transaction also happens a lot faster.

Other settlement layers like Ripple, Stellar or the defunct Falcon Protocol don't actually move value and are no different than using a MySQL database... they are cryptocurrencies which may be better than bitcoin for payments but have no liquidity and address none of the above - noted use cases regarding creating decentralised fiat pegged cryptocurrencies, «great for banks but not for remittance providers» says Bitspark.

Bitcoin gold is designed to be more decentralized than bitcoin for miners.

It provides a more expressive and complete language than bitcoin for scripting.

Just as nobody forecast social networks, blogging or Netflix in the 1990s, the absence for now of any tangible applications other than bitcoin for the blockchain merely points to humankind's deficient imagination.

Not exact matches

The Mt. Gox collapse precipitated a Bitcoin price crash of more than 70 %, shaking investors» confidence in the cryptocurrency for so long that it took Bitcoin more than two years to recover.

My goal here is to amass as much bitcoin as possible for less than I can buy it at market price — within my means, of course.

I tell the full story of how Karpelès found the Bitcoins (details he revealed for the first time in our conversations) and the stranger - than - fiction implications of Bitcoin's price surge in my new feature in Fortune, «Mt. Gox and the Surprising Redemption of Bitcoin's Biggest Villain.»

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 is having a pretty good week — rising more than 11 % and breaking above $ 9,000 for the first time in more than a month.

Still, he says bitcoin might best be suited for a long - term buy and hold strategy rather than a form of payment.

Over the course of 2017, bitcoin saw more than a 1,000 % gain in price, creating some pretty significant capital gains for some investors.

Casares agreed that under no circumstances would those individuals perform day - to - day work and, indeed, would provide nothing more than strategic advice for what LifeLock understood to be Casares» personal bitcoin storage business that he intended to offer to other wealthy Silicon Valley investors.

South Korea's new management - minded approach is a dramatic turnaround from its energetic regulatory crackdown on cryptocurrency exchanges this past year, alarmed at a heated market that saw local prices of Bitcoin and other virtual currencies in South Korea trade for higher than international levels.

Bitcoin has slumped more than 20 % this week amid increased regulatory scrutiny in the U.S. and Japan, an attempted theft at one of the biggest trading venues, and news that the bankruptcy trustee for Mt. Gox has started selling the now - defunct exchange's holdings to repay creditors.

For traders used to seeing arbitrage plays vanish within seconds, bitcoin futures» rise back to more than $ 1,300 above the spot price a full day after their debut is another testament to the cryptocurrency's unconventional evolution.

As with past hype cycles, there are far more people cheering for bitcoin than against it.

Clearly, the bankers advising the Fed understand the bull case for bitcoin, though they argue that it is still too small a phenomenon to pose any sort of risk to the U.S. economy, calling it «more a curiosity than a threat.»

Specifically, Utzke explains he ran a computer analysis against the IRS's repository of hundreds of millions of tax records, and found fewer than a thousand people filed a Form 8949 to account for a «property description likely related to bitcoin.»

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.

Cryptocurrencies» extreme volatility dissuades many people from using them to pay for things, and vendors from allowing payments in Bitcoin — it's too hard to accurately price things in Bitcoin, and when the value is rising there's more to gain from hoarding Bitcoins than from spending them.

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.

The IRS doesn't care if you sold bitcoin for cash or bought a muffin with it; if it was worth more than you paid for it, you owe tax.

In August, a slew of bitcoin companies cut off service to New York rather than apply for a BitLicense, the regulatory hall - pass created by the NYDFS to cover digital - currency business deemed «money transmitters.»

More people are now searching online for how to buy bitcoin than they are searching for how to buy gold, according to a new report.

Bitcoin crossed the $ 16,000 mark Thursday morning, less than two days after topping $ 12,000 for the first time.

Along with JPMorgan, more than a dozen banks, including Morgan Stanley, Goldman Sachs Group Inc and Credit Suisse Group AG, have acted as brokers for buying and selling Bitcoin XBT on Nasdaq's Stockholm - based exchange, according to Swedish online bank Nordnet AB.

There is nothing to support bitcoin except the hope that you will sell it to someone for more than you paid for it.»

It has successfully run a bitcoin exchange - traded product for the last two years that can be accessed by European investors in multiple countries, and the products have attracted more than $ 1 billion.

Although the lack of jurisdiction over Bitcoin and its links to money laundering and illicit marketplaces have raised more than a few eyebrows, the currency offers a simple way for legitimate businesses such as small retailers and professional service providers to accept payments for international sales without facing onerous credit card fees or exchange - rate surcharges.

Bitcoin is «worse than tulip bulbs,» Dimon said, referring to the infamous speculative market for tulips in 17th - century Europe.

Coinbase, one of the biggest bitcoin marketplaces in the U.S., said Friday that trading was up again after being down for more than two hours amid a price rout in cryptocurrencies.

While the vast majority of investors are buying Bitcoin via exchanges, it's still possible to get the cryptocurrency for dramatically less than the current exchange rate.

The hire is another coup for Coinbase, which has rapidly been building out its executive team as the more than 5 - year - old startup, now worth over $ 1 billion, attempts to fortify its reputation as one of few professional financial institutions catering to Bitcoin investors.

The value of Bitcoin soared last year, trading for more than C$ 20,000 per Bitcoin.

For example, if someone views a Bitcoin shirt on my site, I might up - sell by showing them a pair of Bitcoin socks, rather than Litecoin socks.

Bitcoin accounts for less than half of that sum.

Bitcoin began 2017 at less than $ 1,000 per token, but it has been on an absolute tear in recent months: It crossed $ 5,000 in October and touched above $ 11,000 for the first time less than two months later, according to CoinDesk data.

More and more people are buying tokens like Bitcoin and Ethereum, but very few are using them for anything other than trading.

Last quarter was the best quarter for blockchain and bitcoin VC funding on record, more than doubling the amount raised in the first quarter and up 89 % year over year, according to CBInsights.

There's no rational reason for such moves other than some are efforting (successfully, to date) to buoy prices and calm otherwise edgy and excitable bitcoin investors.

But Voorhees, who moved to Panama and launched his startup Coinapult after working as the director of marketing for BitInstant in New York, says the Bitcoin ecosystem makes cooperation more attractive than competition.

For his part, Paul suggested the meteoric rise of digital money, particularly bitcoin, could also be a signal that there's a lot more inflation than people realize.

Indeed, Bitcoin has made investors far richer than gold has recently, with the cryptocurrency returning 1,116 % over the past 12 months, compared to less than 12 % for gold.

Sales of new digital coins, called initial coin offerings or ICOs, have raised more than $ 4 billion in sales of new digital coins for projects based on the same blockchain technology behind bitcoin.

Bitcoin rose above $ 3,000 for the first time earlier in the month, but tumbled more than 12 percent in a span of days.

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.

According to tracking site Blockchain.Info, a little more than 40 percent of miners are currently signaling their support for Bitcoin Unlimited, compared with only 30 percent signaling for SegWit.