When people say someone is as “rich as Croesus,” they’re talking of to a time (B.C. time) when gold was first starting to be used as a currency. A time when Croesus of Mermnadae, the last King of Lydia, had accumulated an ungodly amount of gold...
“Everyone knows too much.” — Dread Pirate Roberts, December 2011 The HBO-style drama begins. Did Silk Road creator Ross Ulbricht pay $500,000 worth of bitcoins to have five people assassinated to protect his true identity as the Dread Pirate Roberts? Those details remain speculative at this point,...
Circle is a consumer financial services company founded by internet pioneer Jeremy Allaire to “transform the world economy with secure, simple, and less costly technology for storing and using money.” Allaire’s and Circle’s vision harkens back to the 1990s when the internet was a brand...
Bitcoin Tracker | Week 57 This week marked a big week of arrests and week two of the Silk Road trial — the case of the bitcoin online black marketplace — and the drama continues. Ross Ulbricht, the 30-year-old creator of the site, is on...
Bitcoin startup Coinbase just got a lot of extra change in its pocket from a record-breaking investment round of $75 million — which is coming from some seemingly unexpected backers. The financial institutions leading this investment round include the New York Stock Exchange, USAA and BBVA,...
Arguably the world’s most popular cryptocurrency, bitcoin has attracted everyone from libertarian rebels, to wealthy investors seeing a potentially profitable asset in the making. Yet as a currency, bitcoin has had some problems with purchases and transactions being completed in a timely fashion owing to...
The Federal Reserve has historically not been enamored with bitcoin, which is understandable given how it’s billed as a competitor to the dollar in transactions. So when David Andolfatto, vice president and research director for the Federal Reserve Bank of St. Louis made the suggestion...
Bitcoin Tracker | Week 56 2015 has really not been the Year of the Bitcoin, at least so far. After dropping below $300 last week to $268.7, bitcoin dropped even further this week to a low of $178, before pulling itself back up to $203.25...
Bitcoin Tracker | Week 55 Bitcoin ended 2014 on something of a down note, and so far it doesn’t look like 2015 is going all that much better. Bitcoin dropped below 300 this week to 268.7 on Jan. 6, 2015 – down from 307.94 last...
