Will Bitcoin Soon Become a Squire in the Digital Currency Kingdom?
So the price of bitcoin has dropped yet again. Not by much mind you, but yesterday, when the price was hovering at around $265, it has since dropped about another $10, and now stands at around $255. So here is your daily price update... It's down once more. What can one really say about this sort of thing at this point? Bitcoin jumps up and down, up and down, and many of us just don't know when or how to predict what the future of the digital currency will be like. Yesterday, I spoke briefly about how bitcoin is currently serving as a knightly-figure in a kingdom; that at one point it....
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Different states in the United States of America have different stances against Bitcoin and other digital currencies. While some states like Texas view Bitcoin favorably, there are others like New York which are hell-bent on making things tough for Bitcoin based startups and businesses. Meanwhile across the Atlantic Ocean in the United Kingdom, it is a completely different story. Unlike other countries, the United Kingdom is showing all signs of becoming the global hub for the Bitcoin industry. Starting from the way HM Treasury handled the initial proposals for introducing digital....
Barely a week after the World Economic Forum published a 139-page report that focused on blockchain all through without a mention of Bitcoin, it has released a Youtube video titled: What would happen if the United Kingdom issued a digital currency like Bitcoin? The less-than 2-minute informative clip highlights key findings attributed to the Bank of England and the IMPACT Institute for the Digital Economy as sources as to what the UK would benefit by issuing a digital currency. Huge potential of Blockchain in the UK. The Bank of England modelled an economy with a digital currency equal to....
A new poll taken by Miningpool.co.uk reveals some interesting information on Bitcoin views and use throughout the United Kingdom. Miningpool.co.uk has spent the last two months polling over 10,000 unique monthly visitors to find out how the British Bitcoin community uses and sees Bitcoin. Bitcoin use still dominated by the usual suspects. The new poll reveals that use of bitcoin is still an issue, with only 6% of those surveyed claiming to be female owners of the digital currency in the United Kingdom. Demographically, almost half of all bitcoin users in the country are between 25-34 years....
As released earlier today via Bitcointalk: The United Kingdom is the first to have a fully legal fiat backed insurance system for Bitcoin. The service is underwritten by Lloyd's of London. From the co-founder of Elliptic Vault, Tom Robinson: "Thank you for your support for BitPrice and of our mission to establish a fully-regulated digital currency exchange. We sincerely hope you'll continue to support us as we move forward with a new name and new services. While an exchange is not Elliptic's first service, we remain committed to achieving this goal. Together with the digital currency....
New virtual currencies are popping up on a weekly, sometimes even daily basis. By the end of December, 2013, there were 67 virtual currencies open for business and the number has grown to well over 100 since that time. But, perhaps surprisingly, the United Kingdom has not been home to even one of those new currencies, until now. On June 27, 2014, a new cryptocurrency was announced and it was developed and is now based in the United Kingdom. Dubbed “Britcoin” the new currency is designed the same way as Bitcoin but has a number of very interesting and attractive new features that could....