Bitcoin has only been relevant on a large scale for a few years, and already there has been an active debate over how it should be classified as a unit of value. And this fall, that debate has reached its conclusion, at least for the time being, in two of the most influential financial markets…
Bitcoin which has been regularly touted as the digital payment system which will take over soon enough, has been falling off in price. Since its inception, bitcoin has seen some very extreme price levels. It has been both over and under valued at different points of time. Therefore, the current price volatility does not come…
A private hospital in Warsaw, Poland, which is run by the Medicover Group, will soon let patients pay their bills in bitcoin. A bitcoin ATM planned to be launched at the facility in the near future should make that process even easier. While a number of clinics and doctors around the world have been accepting…
Bitcoin firm BitX, which focuses on bringing bitcoin services to emerging markets, has added Malaysia to its stable of exchanges. The new exchange, which has been operating live for two weeks now, allows Malaysians to link local bank accounts for both deposits and withdrawals in the local currency, the ringgit. In keeping with BitX’s goal…
The bitcoin price continued its decline this week, deepening losses that began last week. However, fundamentals suggest there may be reason for optimism in the long-run. Bitcoin was trading at $352 at the start of the week, close to its high for the period. It dropped to a low of $320 on Saturday. It closed…
Bitcoin is not just a new form of payment, and it isn’t simply a store of value. It is, perhaps most importantly, a public ledger, and it is the part of bitcoin known as the block chain that many argue holds the true innovative potential of the technology. In essence, bitcoin is a new foundational…
