If you’re closely tracking the wild swings in bitcoin’s value, it’s enough to make you crave a glass of wine–or several. The City Wine Cellar in Staten Island is now accepting the decentralized digital currency as a form of payment,presumably to help calm your nerves after hours of nerd mining. Read More
Oh great, you can finally do something useful with all those bitcoins laying around: leave this god forsaken planet. Sir Richard Branson announced today that his space airline Virgin Galactic will accept the virtual current when it launches next August. Read More
Bitcoin has been in the news a lot lately. Is it a legit form of currency? Can the government regulate it? Why are banks trying to harsh its vibe so hard? We don’t know. But what we do know is that you can now use it to buy breast implants in–where else?–Miami. Read More
Despite dwindling public interest and rampant security flaws, there are still two people who believe in the power of the Bitcoin: the Winklevoss twins. The brawny brothers filed plans with the S.E.C. yesterday to establish a fund that lets investors trade the unregulated crypto-currency just like stocks. Read More
The FBI recently estimated that after three years, the Bitcoin economy is worth at least $35 million. Thanks to the uncertainty surrounding certain government currencies, it may soon be worth more. The Financial Post reports that fear over the value of the euro, strained by potential government insolvency in Greece and Spain, has led to a significant uptick in euro-for-Bitcoin trading. Read More
Published in late April but leaked yesterday, the unclassified document–of which Wired provided a PDF–outlines the federal government’s fears surrounding the Bitcoin currency, primarily that in the near future, “cyber criminals will treat Bitcoin as another payment option alongside more traditional and established virtual currencies.” Read More
A serial Bitcoin entrepreneur, “Andrew Bitcoiner,” contacted Betabeat over the weekend to announce the debut of BitcoinAdvertisers.com, an online advertising network where business is done in the decentralized e-currency Bitcoin. Sign up, name a price, name the number of clicks in the campaign, and write the text for your ad, and BitcoinAdvertisers will charge you in Bitcoins to display your ad on sites in its network. As a publisher, merely type in your Bitcoin address and grab the generated code to place an ad spot on your site. BitcoinAdvertisers charges advertisers a 1 percent fee. Read More
A new Bitcoin commerce site, CoinDL, makes it fast and easy to buy and sell virtual goods from music to avatars. Traders on Wall Street may be speculating with Bitcoin, but it’s efforts like CoinDL that truly bolster the budding digital economy. CoinDL offers a marketplace where you can buy digital goods with digital money: wallpapers, ringtones, avatars, music, videos–basically anything that can be downloaded. “Our downloads are fast, easy, and for Bitcoin only. Scan our QR codes for maximal geek arousal,” the site says.
CoinDL was created by David Sterry, who formerly operated the Bitcoin exchange ExchB. ExchB closed in October as it faced increasing resistance from banks.
“People need to have a way to have a positive experience with Bitcoin,” Mr. Sterry said. “CoinDL enables people to buy digital items for Bitcoin, but also letting them do it really quickly. If things are virtual it can be very easy.” Read More