Sentences with phrase «used as bitcoin»

The benchmarks can be used as bitcoin price reference points in derivatives that help manage the risk of bitcoin investments.

Account services can be used as bitcoin wallets, though users should keep in mind many of these institutions do not insure consumers from the loss of deposits via theft, fraud, or bankruptcy.

That is to say, it is possible that its use as a Bitcoin payment gateway is incidental to its use with Network Centric Operations.

Not exact matches

And they worry that, since BitLicense is the first designated set of regulations for bitcoin businesses from a single state, other states will now follow New York's example and use BitLicense as a template for their own regulatory policy.

The original blockchain was used as the foundation for bitcoin.

On its website, Verge is described as a cryptocurrency which «improves upon the Bitcoin blockchain» and uses open - source software like Tor and I2P — both of which have been used in connection to the former trading site for illicit goods, the Silk Road.

Mt. Gox subsequently shot from obscurity to dominate global trade in bitcoin, but as early as 2012 employees at the Tokyo - based exchange challenged Karpeles on issues such as whether client money was being used to cover costs.

They will be aiming to use blockchains, a technology that made its name as the basis of the cryptocurrency Bitcoin, to maintain secure digital records and improve the traceability of their foodstuffs, like chicken, chocolate, and bananas.

Bitcoin investors are on alert to see whether Beijing will take further action against cryptocurrencies, such as shutting down bitcoin «mines», the energy - hungry operations that create bitcoin by solving mathematical problems using vast banks of comBitcoin investors are on alert to see whether Beijing will take further action against cryptocurrencies, such as shutting down bitcoin «mines», the energy - hungry operations that create bitcoin by solving mathematical problems using vast banks of combitcoin «mines», the energy - hungry operations that create bitcoin by solving mathematical problems using vast banks of combitcoin by solving mathematical problems using vast banks of computers.

They see bitcoin as a digital gold and a technical experiment, as opposed to something you can actually use.»

He says that figure has remained fairly constant for some time — suggesting there is a small hard core base of people who use bitcoin as everyday money, while the vast majority are using it to speculate and invest.

«We believe large institutional investors globally use this ETF as a way to quickly gain exposure to Bitcoin,» Lee said.

As long as there are Internet connections and a desire to use Bitcoin, it will be arounAs long as there are Internet connections and a desire to use Bitcoin, it will be arounas there are Internet connections and a desire to use Bitcoin, it will be around.

Web wallets, such as Coinbase and Blockchain.info enable you to use Bitcoin from any browser or mobile device and often offer additional services, like current Bitcoin prices and news and the ability to buy, use and accept the cryptocurrency.

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.

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.

Meanwhile, bitcoin still has defenders such as Jeremy Allaire, a successful entrepreneur who raised over $ 60 million for his startup, Circle, a money transfer service for consumers using bitcoin behind the scenes.

The winner, who receives newly - minted Bitcoin as their reward, wins the race by providing the answer to a mathematical problem that is deliberately designed to use up a lot of computing power, in order to maintain stability in the speed at which these blocks are «found.»

To «find» them, people do something called mining, which means using a computer and a lot of electricity to solve math problems that unlock bitcoins as a reward.

Users would often use Bitcoin as payment for the site's Reddit Gold premium membership program, which lets users disable ads, customize their avatar and access a private subreddit for about $ 30 per year.

Inbenta's software also powers chatbots — apps that simulate basic conversations — such as one used by bitcoin marketplace Xapo.

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.

In a time when some big banks and payment processors like MasterCard are getting involved with bitcoin — but cautiously, and typically citing the uses of the blockchain as the appeal — that's a smart, measured reminder.

For all its success as an appreciating asset for earlier adopters, bitcoin's price instability has made it difficult to use as a currency.

«In uses that involve a financial transaction, it makes sense to use bitcoin or some other digital currency for the same reason — by doing so, transactions can be automated and guaranteed without recourse to third parties, such as a bank.»

This security and accessibility is why distributed ledgers are used as the underlying structure for the bitcoin currency and for tracking land titles in Honduras.

As for retail investor participation, Square did announce last week that is allowing most customers to buy and sell bitcoin using its Cash payments app.

The tiny, little known stock had soared more than 1,000 percent in two days after the company announced in mid-December it was buying Ziddu, which says it's a microlending company using the same blockchain technology as bitcoin.

It's the technology underpinning popular cryptocurrencies like bitcoin and ether, and companies that use blockchains to build their core products can also use them to create tokens as a form of equity.

Cameron Winklevoss said he views their investment in bitcoin as a gold 2.0 - play but also a bet on the technology: «The idea that payments are increasingly going to use a network like the bitcoin network to move money around the world.»

As a result, a transaction such as trading bitcoin for another digital coin is taxable since it is considered a sale of property for cash, which is then used to buy the other cryptocurrencAs a result, a transaction such as trading bitcoin for another digital coin is taxable since it is considered a sale of property for cash, which is then used to buy the other cryptocurrencas trading bitcoin for another digital coin is taxable since it is considered a sale of property for cash, which is then used to buy the other cryptocurrency.

This differs from permissionless systems, like those used by blockchain pioneers such as Bitcoin, which have no central authority.

Some of the kinds of transactions that Bitcoin can support include so - called M of N transactions, which require agreement between a certain subset of a group, and can be used for escrow, mediation, or shared financial management; time - locked transactions, in which bitcoins are distributed on a strict schedule, useful for trusts or wills; and even data - conditional transactions, in which a script uses a data input such as a regular Google search to monitor real - world events that would automatically trigger disbursements or other actions.

It was originally used as the technology to underpin bitcoin but banks have become increasingly interested in other use cases, like clearing and settling payments.

Alternately, Antonopoulos suggests thinking of the «Bitcoin blockchain as having an API» (application programming interface) that makes its data usable by third parties, in the same way that second - layer services like Buffer or Hootsuite use the Twitter API to present and interact with Twitter data in slightly modified or reorganized forms.

Bitcoin is best used as a small speculative play in any portfolio.

While there is no central bank that issues them, bitcoins can be created online by using a computer to complete difficult tasks, a process known as mining.

The competition is intensifying to use blockchain, the technology that underpins cryptocurrencies such as Bitcoin, to try to eliminate battery minerals produced by child labor.

Think of Bitcoin, they say, as digital gold — a so - called «store of value» that, like the precious metal itself, doesn't need to have a lot of practical uses to be worth a lot of money.

Twitter CEO Dorsey has said he personally thinks Bitcoin will be used as a currency.

It's being billed as the first mainstream service allowing consumers to buy and sell bitcoin, the virtual currency used as an alternative to traditional money systems.

6:32 Bill explains how Abra is using bitcoin as programmable money to create global financial inclusion.

The coins offered in Monday's ICO aren't designed to be the next bitcoin, but rather to serve as tokens to use the tZero trading mechanism, which will host future ICOs, trading, and short - selling.

You can also use Bitcoin Core as a very secure Bitcoin wallet.

Bitcoins were created in 2009 by a mysterious figure or group known as Satoshi Nakamoto and are used for transactions across borders without third parties such as banks.

People don't just buy Bitcoin for the investment potential; they also like to use it as a way to pay others instantly.

U.S. federal law enforcement agencies are scrutinizing whether bitcoins are being used increasingly in criminal activity such as the now - defunct Silk Road illegal drug marketplace.

Blockchain — the technology used for verifying and recording transactions that's at the heart of Bitcoin — is seen as having the potential to reshape the global financial system and possibly other industries.

Security researchers explained that all these tools can be used as is, so it's plausible to expect that next week we will see several hacks on email servers, website defacements, or even an uptick in ransomware, the pervasive malware that locks computers and demands a payment in Bitcoin to unlock it.

Many Bitcoin retailers use software by companies such as Bitpay, which uses a software as a service model rather than charging a fee per transaction.