Bitcoin price could be highway robbery, PayPal's quandary, and how to stop a nasty rumour
Welcome to the CoinDesk Weekly Review 8th November 2013 - a regular look at the hottest, most controversial and thought-provoking events in the world of digital currency through the eyes of skepticism and wonder. Your host ... John Law. Supply and demand - with menaces. Bitcoin's price keeps going up, and nobody knows quite why. The Chinese are still in the frame, just because, as are a string of strong stories on investment in, reliance on and general official warming to, the cryptocurrency. And of course, there's the ever-present chance that it's a bubble about to burst. You can find all....
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A couple months ago I saw a new physical Bitcoin being offered that had a unique and interesting concept behind it. It's the Nasty Fans Seat coin. As you know from my previous article on the MicroSoul coin, I am a fan of physical Bitcoins especially those that break the mold. This led me to look into what Nasty Mining was all about. What I found, was a solid foundation and set of supporters, Nasty Fans who are more like partners in Nasty Mining. Nasty Mining is the project of OgNasty one of the most trusted members of the Bitcoin community. Not only does he run Nasty Mining he has a fan....
Coinbase was recently in news for introducing Stop Loss feature on its exchange platform. Read further to know more about Stop Loss. Coinbase recently announced the integration of ‘Stop Order’ function which allows its users to trade bitcoin in a convenient fashion without having to deal with drastic price fluctuations. What Is a Stop Order and Why Is It Important? To begin with, a stop order is a feature that allows users to buy or sell any asset on a trading platform when the target asset’s value reaches a particular price point of choice. Stop orders are also known as stop-loss orders.....
Paypal or Bitcoin? Or Both? The diaspora of arguments touting Bitcoin's superiority over Paypal is endless. There are economic incentives for buyers and sellers, large and small, to use Bitcoin vs Paypal. Simultaneously, there are still infrastructure gaps that may prevent the efficient use of Bitcoin over Paypal at this time. Today, I will focus on why I (me, me, me), and by extension why you, should use Bitcoin instead of Paypal. Centralized Vs. Decentralized. Any Paypal user, whether a buyer or a seller, will at some point run into issues with Paypal's centralized structure. For....
Bitcoin has rebounded from its recent low largely thanks to a PayPal Bitcoin announcement made earlier today. The PayPal Bitcoin announcement highlighted PayPal going a step further towards accepting Bitcoin by partnering with BitPay, Coinbase, and GoCoin in order to allow PayPal's digital goods merchants to accept Bitcoin as payment. This news resulted in the price moving from around $395 to over $450 within hours. PayPal Bitcoin Announcement a Long Time Coming. The decline in the Bitcoin price brought with it fear, speculation and an opportunity for miners and investors alike. The....
An unidentified 28-year-old man was robbed of more than $1,100 in bitcoin at gunpoint in New York City late last month. The robbery took place after the man, from Crown Heights, Brooklyn, met up for an in-person bitcoin sale arranged over online classifieds platform Craigslist on 27th May, according to a report by DNAinfo. A representative for the New York Police Department (NYPD) confirmed the report when reached. The NYPD said that the seller was led to a vehicle after meeting up with the presumed buyer. He was subsequently forced, at gunpoint, to transfer his bitcoins to the two....