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The adoption of cryptocurrency is held back by the governments regulation and banks, refusing to deal with bitcoin businesses.
“Bitcoin is gold for nerds. It is something that a whole new generation of people believe in. The online nature of their lives and their economy, and so bitcoin, resonates with them.” — Nicholas Colas, Convergex
Bitcoin entrepreneur Charlie Shrem was sentenced for two years in prison after being accused of illegal activities on Silk Road marketplace.
The Russian rouble is doing very badly. The country’s Central Bank is trying to stem the damage with a huge interest-rate hike. And now the currency is performing worse than bitcoin.
Although bitcoin attracted a lot of attention last year, the cryptocurrency is in its stagnancy now.
Microsoft Inc. has just added bitcoin as a payment option for a variety of its content, including games and mobile content.
The hacker, who had stolen money from Blockchain.info, has returned all the funds back to the company, claiming the bitcoins were taken to protect the users.
The U.S. Marshals Service has announced that a syndicate of investors organized by the trading division of SecondMarket and its Bitcoin Investment Trust won 48,000 of the 50,000 bitcoins recently auctioned by the service.
Bitcoin developers believe Sidechains that allows creating new currency within the bitcoin network could turn bitcoin in the main Internet reserve currency.
American venture capital investor Tim Draper won a part of 50,000 bitcoins, put out to tender by the US government on December 4th.
Bitreserve has created a new gold standard, linking its bitcoin currency exchange and payment services with gold with the help of Gold Bullion International.
MasterCard filed a submission to a Senate inquiry into digital currencies, arguing that Australian regulators should strengthen control over the cryptocurrency.
According to initial metrics, Bitcoin Black Friday 2014 sales reduced if compared with 2013.
The new study revealed that bitcoin transaction are no longer anonymous as IP adresses of bitcoin users can be attacked by hackers.
Bitcoin Black Friday, one of the largest days of bitcoin commerce during the year, will take place in the end of November and is anticipated to witness an increase in the overall bitcoin sales volume.