Bitcoin is back in the news, as some moves cause the value to rise again in November to over 400 USD.(http://www.coindesk.com/price/) Speculations on different causes exploded in the bitcoin and financial communities, and of course the bitcoin demise profeets made a comeback to once again declare that this is a.. bubble! a ponzi scheme! that it …
Bitcoin being outlawed is not a new thing. The new-ish digital currency had many bumps on the road since it’s inception back in 2009. One of the first that actually outlawed it, was Iceland which used an existing legislation made in 2008 to protect the local currency (Krona) against value loss. Bitcoin is illegal to …
Since I wrote my bitcoin article, the BTC to dollar rate zoomed up more than 10 times its value then. From about 16 USD per coin, to about 190 USD per coin. Some say it’s a bubble ready to burst. But there are very legitimate reasons for this spurt. People are tired of banks sucking …
Current Bitcoin Rate in US dollars: It all started August 18, 2008, when a person or a group, known only as “Satoshi Nakamoto” registered a new domain known as Bitcoin.org. From there, he released an initial design paper for the new cryptographic Bitcoin currency on October 21st, registered the Bitcoin client project on Sourceforge on November 9, and mined …
