Part of bitcoin’s mystique is that it isn’t backed up by anything of traditional value. It’s kind of like U.S. dollars in that way, come to think of it, although bitcoin rejects silver and gold defiantly.
it's all about the bitcoin baby
Bitcoin processing company BitPay just secured a boatload of cash — $30 million to be exact — from investors including Virgin Group founder Sir Richard Branson. Read More
“This is kind of a premiere for Charlie,” New York Times reporter Nathaniel Popper joked last night. “This is the first time I’ve seen you out of the house.”
Mr. Popper and former BitInstant CEO Charlie Shrem were sitting on the stage at the School of Visual Arts theatre. Mr. Shrem was arrested in January on charges of money laundering associated with his bitcoin exchange company, BitInstant. He’s currently under house arrest, but was allowed to attend last night’s panel on the documentary The Rise and Rise of Bitcoin, in which he’s a prominent character.
Filmmakers Nicholas Mross and Daniel Mross joined Mr. Shrem and Mr. Popper onstage, following a screening the documentary.
The documentary follows bitcoin magnates like Mr. Shrem, Jered Kenna of Tradehill, Gonzague Gay-Bouchery of Mt. Gox and Mike Caldwell of Casascius Coins. Read More
Hate to say we told you so! A mere five days after we first reported on the Kanye West-inspired cryptocurrency, Mr. West’s lawyers have sent Coinye West’s creators a cease and desist letter.
And why wouldn’t they? Coinye West, which doesn’t launch until Jan. 11, uses the rapper’s likeness and a play on his name as its main means of promotion. The creators must have seen it coming, as they chose to stay anonymous in all press coverage. Read More
Lily Allen has probably turned down a lot of dorks in her day. But she appears to regret at least one such snub, when lots and lots o’ bitcoins were on the line.
Happy New Year! Did you think maybe in 2014 Internet people would cut the shit and stop hurtling bags of money into a funeral pyre of pretend pop culture currencies like dogecoin? Too bad! Coinye West is a thing now.
In case you still haven’t closed this tab, allow us to explain. You can now get your cryptocurrency, a thing that is allegedly real despite being underlined in red like a typo when you write about it, virtually stamped with Kanye West’s likeness. Read More