Though undeniably popular with its ardent supporters, bitcoin is arguably still searching for a practical application that makes it indispensable to mainstream users. That doesn’t mean there aren’t real use cases for bitcoin that could bring the kind of payments revolution many in the industry are hoping to achieve, though. Being both digital and decentralized,…
The past weekend rounded up the recent trend of brutally high-volume selling on Chinese bitcoin exchanges. On 28th September, bitcoin dropped to a new five-month low of $372.35. The previous record low for Coindesk’s Bitcoin Price Index (BPI), is the six-month bottom reached on 10th April at $360.84. Meanwhile, trading volumes touched historical highs for…
A new project that transmits bitcoin payments over the radio is up and running in Finland – and it’s also transmitting a national Finnish cryptocurrency at the same time. Kryptoradio is a data transmission protocol designed to transmit low-bandwidth information over one-way digital broadcast networks. Joel Lehtonen, the project’s founder, said he is focused on…
Bitcoin has not affected the stability of Sweden’s economy, according to a new paper published by the country’s central bank. The latest issue of the Sveriges Riksbank Economic Review, published on 18th September, includes the article What is Bitcoin by Bjorn Segendorf, from the bank’s Financial Stability Department. Segendorf provides an overview of the bitcoin…
Bitcoin ATM maker Diamond Circle has installed its first kiosk at a cafe in Queensland, Australia. The new unit is located at the Bluff Cafe at Burleigh Heights, by the Gold Coast’s Surfers Paradise. The company describes its machine, unveiled earlier this year, as the first “cashless bitcoin ATM” kiosk to hit the market. The…
The price of bitcoin increased yesterday following the news that PayPal would integrate the digital currency into its services for merchants. However, the price is still down approximately 50% compared with the start of the year.Everyone in the bitcoin space is now looking for answers as to why the price has dropped so much from…
