#financial cryptography

VIDEO: KryptoKit Launches RushWallet: An Instant, Cross-Platform Bitcoin Wallet

In an effort to help widen bitcoin’s reach and create a simpler experience when dealing with the online currency, KryptoKit, makers of the Bitcoin wallet browser extension, launched RushWallet, a new easy-to-use bitcoin wallet that works on all web browsers and mobile devices and unlike other wallets, it doesn’t require any login credentials. RushWallet is a mobile-enabled website that lets users…

VIDEO: Wikipedia Picks Up $140,000 In Bitcoin Donations In One Week

In late July, Wikipedia announced that it would accept donations in bitcoin. In its first week of accepting bitcoin, Wikipedia racked up $140,000 in new funds, according to Coinbase, the service that powers its cryptocurrency influx. The Wikimedia Foundation, parent to Wikipedia, doesn’t intend to hold bitcoin, but instead convert it to dollars at the time of donation.

(more…)

VIDEO: Bitcoin Catches On In Tech-savvy Romania

Tech-savvy and still deeply distrustful of officialdom 25 years after the end of communism, many Romanians are unfazed by warnings about the cryptocurrency. In the western town of Oradea, 370 miles away from the capital of Bucharest, the first bitcoin exchange in the country has drawn more than 2,000 clients in the seven months since it opened, with transactions totaling $1.57 million. But…

VIDEO: Bitcoin Faces Biggest Threat Yet: A Miner Takeover

The Bitcoin digital currency system is in danger of losing its credibility as an independent payment system because of the growing power of a group that runs some of the computers behind it. In recent weeks, a British-based “mining pool” called GHash has amassed nearly half of the Bitcoin computing power and has briefly gone over 50 percent. Miners operate the computers that keep track of…

VIDEO: Kenyan Startup Aims To Speed Bitcoin To Africa

Bitcoin users have been compared to latter-day evangelists, steadfastly trying to persuade the masses to use a mysterious electronic currency hidden in the Internet. BitPesa , a Kenya-based startup, is holding a product-launch event Saturday in London to showcase the potential of bitcoin as a currency-transfer medium for the developing world.

(more…)

VIDEO: The Boring Bitcoin Report: May 5 – 11, A Not-So-Boring Week In Review

The Bitcoin Foundation is kicking off their annual international forum on Thursday. Over 800 investors, entrepreneurs, legal professionals and other Bitcoin professionals will be meeting in Amsterdam to discuss the future of the industry. The Bitcoin Foundation and Blockchain.info have joined forces to present the first annual Blockchain Awards. Over 1,000 people were nominated for 10 categories.…

VIDEO: Feds Approve Bitcoins For Campaign Contributions

Bitcoin, the fast-growing digital currency, is coming to political campaigns. The Federal Election Commission unanimously approved its use as a political donation Thursday, after months of debate on the issue. Commissioners imposed several conditions. Among them: No anonymous bitcoin contributions will be allowed, and campaign treasurers must scrutinize the donations for “evidence of illegality.

VIDEO: The Naughty And Nice Places To Spend Your Bitcoin

Bitcoin is a decentralized, anonymous electronic currency that first came into being in 2009. It’s still not clear how far Bitcoin can go in establishing itself in the mainstream economy, but there are quite a few large and small businesses accepting Bitcoin as a means to purchase goods and services. You can use the cryptocoin to buy produce at a farmers market, security services from major…