— Wired
Given the recent critiques of New York and its proposed framework for bitcoin businesses, many of the law’s opponents are no doubt hoping the state and its regulators will alter the bill during its now extended comment period.
After all, New York’s BitLicense proposal, once approved, could prove influential at shaping wider US bitcoin regulation, a fact recently underscored by New York Department of Financial Services (NYDFS) superintendent Ben Lawsky in an interview with CoinDesk.
— Coindesk
Since opening its doors on 3rd August of last year, major bitcoin mining pool operator GHash.io has generated nearly $250m in bitcoin, according to a new infographic released by the company.
The pool has produced 413,752.01889456 BTC since it first began hashing in 2013, an amount worth $248,251,211.33 according to the CoinDesk USD Bitcoin Price Index.
Posted in bitcoin
Stripe is diving into digital currency in a big way.
The San Francisco-based startup, whose technology lets businesses accept online payments, helped introduce a new Bitcoin-like currency on Thursday called “stellar,” as well as a payments network that lets users send any kind of traditional and digital currency including U.S. dollars, pesos, euros and Bitcoins. People will be able to send one kind of currency across the globe and have it automatically converted into another — a sort of all-inclusive online money exchange.
— Coindesk
Global payments giant Visa earned the ire of the bitcoin community earlier this year when CEO Charlie Scharf stated that he didn’t see bitcoin and its technology as posing a significant threat to its operations.
Now, however, new comments from Visa senior vice president of digital solutions Sam Shrauger suggest that the company may be reevaluating bitcoin.
Posted in bitcoin
Alex William — Bitcoin Vox
Michael Dell, founder and CEO of the big PC maker Dell, announced via Twitter on Friday that his eponymous company will start accepting bitcoin as a payment option for anything purchased on the company’s website.
For bitcoin, it’s one of the biggest signs yet of mainstream acceptance. With nearly $57 billion in sales in 2013, Dell would be by far the largest company to take bitcoin. Dish Network, which began accepting bitcoin in May, had $13.9 billion in 2013 sales.
Mark M. Bravura — CryptoCoins News
The single biggest stigma that still haunts Bitcoin is it’s extreme volatility. However, imagine if you had a tool likened to an amazingly accurate Bitcoin crystal ball. Moreover, one that did not incur any out-of-pocket expenses to reap the benefits. Well, now you do, thanks to the Bitcoin prediction tool, courtesy of BTCPredictions.com.
The Bitcoin prediction tool is a unique artificial neural network that predicts future Bitcoin price movements on Bitstamp every hour via a type of artificial intelligence; similar to a human’s central nervous system.
Written By: Peter Diamandis — Singularity Hub
Bitcoin is moving from its Deceptive phase to a very Disruptive phase. This post is going to explain why, and what you may want to do.
I’ve been tracking Bitcoin since its inception, and my confidence has grown to the point where I’m now trading in a portion of my gold holdings for bitcoin, buying it and accepting bitcoin for the Abundance 360 CEO Summit.
— Venture Beat
Even though Bitcoin has suffered some security setbacks over the last few months, many retailers still seem happy to let customer pay with the controversial crypto–currency.
The latest of these retailers is online tech store Newegg, which today announced plans to begin accepting Bitcoin for purchases on the site. To make this happen, Newegg is teaming up with virtual currency processor Bitpay.
— LA Times
Gov. Jerry Brown has signed bills that recognize the legal use of Bitcoins and other digital currencies in California, repeal a requirement for food handlers to use gloves, and keep minor truants out of lockup facilities, his aides announced Saturday.
In all, the governor signed 15 pieces of legislation into law, including one that reflects the changing way that technology has Californians doing business.
By Noah Robischon — Fast Company