#bitcoin brain

Bitcoins Brain Review

This is my Bitcoins Brains Review. Bitcoinsbrain.comis a rather unique investment platform. One thing they have that I love and really sets them apart from other sites, is the fact that you can set up automatic withdrawals. You decide how much the threshold is, and the brain calculates the payouts. Extremely simple and time convenient. And, like most sites of this caliber,…

‘Bitcoin brain’ says it’s not his work

By Agency Staff, bdlive.co.za

BITCOIN, perhaps the biggest unimportant business story of the past few years, is causing waves around the world for all the wrong reasons.

The virtual currency has been all the rage in the business press for months, sparking fears of a “bitcoin bubble” as the value soared to giddying levels.

On South Africa’s Cape Town-based bitcoin exchange, BitX, the digital currency can now be bought for around R7,050 a coin, a spectacular rise from the R140 it was trading at early last year.

When it launched in 2009, bitcoins could be bought for just a few cents, but now it is estimated that Bitcoins worth about R70bn are in “circulation” and are accepted to buy goods from many digital merchants, as well as a few “real world” shops.

However, bitcoin has also found itself mired in scandals. The anonymity of the digital currency means it can be used to facilitate money laundering and payments for drug trafficking.