News tagged with currency

States debate digital currency

Now that consumers can use digital currencies like bitcoin to buy rugs from Overstock.com, pay for Peruvian pork sandwiches from a food truck in Washington, D.C., and even make donations to political action committees, states ...

dateAug 01, 2014 in Internet
shares0 comments 0

Bitcoin 'mining pool' promises to stay small

The largest group of bitcoin miners, which maintains and processes transactions in the digital currency, is promising to avoid majority control of the currency as a temporary measure to maintain the payment system's credibility.

dateJul 17, 2014 in Internet
shares0 comments 0

Probing Question: What is Bitcoin?

In 1729, when he was 23 years old, Benjamin Franklin authored a pamphlet titled "A Modest Inquiry into the Nature and Necessity of a Paper Currency." The revolutionary idea he advocated? Paper money printed and controlled ...

dateJul 10, 2014 in Internet
shares0 comments 3

Venture capitalist wins US bitcoin auction

A California venture capitalist announced Wednesday he won the US government auction of bitcoins, and plans to use them to help emerging economies that are "hamstrung by weak currencies."

dateJul 02, 2014 in Internet
shares0 comments 4