Cryptocurrencies are being used more often to purchase items online and at Bitcoin ATMs but Iceland might be the first country to get its own Cryptocurrency.In Iceland they currently use the Icelandic krona a currency that is heavily controlled by the government which imposed a capital control back in November 2008 which was intended to…
Bitcoin. The internet currency has exploded in popularity and recognition in the last year, going from a project for hobbyists and crypto-anarchists to something being considered and discussed as a legitimate investment and currency. Bitcoins can be purchased from various companies and exchanges, but they can also be "mined" using specialized software and hardware designed…
Online retailer Newegg now accepts Bitcoin as payment method for all of your purchases (in the US Store), the company lets know if an official Press Release. After the success of TigerDirect (which has already made more then $1 million in Bitcoin sales) and overstock.com, a new partnership with BitPay will make one of the biggest…
A Spanish company located in Barcelona called PayMaQ will be the first European company to launch more then 40 Bitcoin ATMs during the next couple of months.The Bitcoin ATM allows you to easily purchase and sell Bitcoins, worlds most popular virtual currency can be bought by using your credit card or inserting cash money into the…
With more Bitcoin ATMs becoming available world wide, one of the fastest growing cities in the world and often referred to as the world's most modern city has just gotten a little more modern with a new Bitcoin ATM.Using the KYC (Know-Your-Customer) procedure the ATM makes contact with your mobile phone which you insert into the…
With Bitcoins becoming more and more popular and having serious value as more stores start to accept them as a payment method it has become a primary target for hackers, which over the past few months have stolen more then 750,000 Bitcoins from Mt. Gox and even more Bitcoins were stolen if you combine the other online…
A homeless man from Minnesota has been spotted begging people on the street for Bitcoin donations. The man spotted near the University of Minnesota was holding a sign asking people to make a small deposit to his wallet using the virtual currency Bitcoins which with its low transaction costs and speed seems to getting more popular…
We all farm them but what about creating our own Alternative Coin? The website Coingen allows you to do just this by filling out a simple form.Coingen is still in beta however many users have reported that the service works great, for 0.1BTC you can create your own alternative virtual currency. The website asks for…
The one-tap shopping app called Pounce works with several major US retailers like Best Buy and Toys "R" Us which allows the customer to make a purchase using the app on their smartphone, now Coinbase the most popular digital wallet that allows you to buy, use and accept bitcoin has teamed up with Pounce to…
According to its Treasury Minister, Senator Philip Ozouf a small island in the English Channel called Jersey will become world's first Bitcoin Island. The cryptocurrency was introduced on the island to replace local cash and is mentioned to be used to pay for small things like newspapers, Bus tickets, drinks, etc. but Senator Philip Ozouf…
World's biggest Bitcoin exchange Platform called Mt. Gox has been shut down and since there have been absolutely no transactions made from the Address over the past couple of days, we could declare Mt. Gox officially dead as many of us don't expect the service to be around for much more longer. The problems of…
All though it isn't official we might see Google, one of worlds most innovating companies accept the latest disruptive technology since the Internet itself: Bitcoins. Reddit user JasonBored emailed Vic Gundotra ( Senior Vice President, Social for Google) to ask if Google Wallet will get support for Bitcoin any time soon, to which he got an immediate replyIn the…