Many articles mention, that the limited Bitcoin money supply is a major advantage of this digital currency. The reasoning usually goes like this. Since Bitcoins can only be created through mining and there is an upper limit of 21 million, Bitcoin is supposed to be inflation proof. This article for instance says, Bitcoin “theoretically eliminates […]
Read More →BitPay has announced the approval of its 10,000th merchant while at this time last year the company had just reached 1,000 merchants. That’s an increase of 900% for the leading payment processor. While BitPay is only one option available to merchants it is the largest Bitcoin payment processor and these numbers give a glimpse into […]
Read More →It seems that the online commerce giant eBay has its eyes on Bitcoin. This is of course a bit surprising as eBay is the owner of PayPal which has a lot to loose from Bitcoin’s success. However, in the past week two indications of eBays interest in Bitcoin have popped up. First eBay added, and […]
Read More →Bitcoin exchange TradeHill halts trading after its banking partner experiences “regulatory issues”. After series of Bitcoin businesses being dropped by their banking partners earlier this year, the Internet Archive Federal Credit Union (IAFCU) came to the rescue. The New Jersey based credit union, run by the Internet Archive, has been very friendly to the Bitcoin […]
Read More →This week members of the Bitcoin Foundation had a series of meetings with regulators and law makers in DC. On Monday 5 Foundation members, Marco Santori, Patrick Murck, Peter Vessenes, Brian Klein and Jim Harper, met with representatives from a number of US agencies including FinCEN, IRS, FDIC, Federal Reserve, OCC, FBI, DEA, Secret Service, […]
Read More →