WolframAlpha Now Quoting Bitcoin Rates Accurately
As we reported last week, computational search engine WolframAlpha has finally changed their data source to include accurate bitcoin rates. Since first integrating bitcoin and recognized it as a currency, the engine had quoted rates from Mt. Gox - which, as you're likely aware, has been facing a series of issues with their insolvency. As such, users researching bitcoin on the site were presented with the last price before trading was halted completely, a rate of about $130/BTC. Meanwhile, at other exchanges, the going price per bitcoin was above $600. As of this writing, WolframAlpha is....
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Late last year, computational knowledge engine WolframAlpha integrated bitcoin support, effectively recognizing the digital currency and allowing the user to find real-time pricing and make calculations. But since former bitcoin exchange Mt. Gox started having issues with withdrawals, users in the bitcoin community called for sites and services that used Mt. Gox pricing data to quit doing so, stating the exchange's data was nothing more than an inaccurate price representation. In response, many sites did, but WolframAlpha has continued to use Mt Gox pricing data. In fact, if you visit the....
Popular computational engine WolframAlpha has finally recognized bitcoin as a currency, after a long period of just offering basic information to users. When users run a search for bitcoin on the site, they are presented with the symbol, price at the latest conversion rate, historical chart, and more. It's a great change for those who want up-to-date information on the digital currency, and proves that bitcoin is in actually becoming mainstream to the point that any ordinary Joe can find this information on WolframAlpha. Check it out for yourself. What do you think?
Looking to make a quick bitcoin rate conversion? If you're a user of Microsoft's Bing search engine, you no longer need to go past the search bar. That's because Bing has now added support for bitcoin conversions. To use, you can simply type in a query like "20 btc to usd" or "20 usd to btc". A result will appear below with the appropriate conversion rate. We've been able to convert in USD, EUR, CNY, and GBP - so it's probably safe to assume most currencies are supported. Rates come from San Francisco-based Coinbase, which operates as a buying/selling house over a traditional exchange.....
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Proof of how quickly things change in the world of bitcoin, the very exchange seemingly most of the community was quoting (at over $1200) late last year is the same exchange to fall below the $500 mark. As of this writing, the bitcoin rate at Mt. Gox is about $484, with a day low of $480 - the lowest it's been this year. That comes in as a 44 percent price drop in the last 30 days, according to chart data. The decrease in value of bitcoin at Mt. Gox stems from the recent halt of withdrawals, and some reports suggest that Gox customers are even selling their bitcoins stored on the exchange....