Winklevoss Twins Launch Bitcoin Index

Tyler and Cameron Winklevoss, best known for their bitter history with Facebook and Mark Zukerberg, have launched a Bitcoin price index called the Winkdex. The Winkdex was launched on Wednesday and provides the latest prices for bitcoins. Related: Bitcoin Directory The Winklevoss twins are prominent bitcoin investors who also have a pending application with the Securities and Exchange Commission for a bitcoin…

Continue Reading

Interesting Post Detailing Why a Merchant Accepts Bitcoin

We found an interesting post on Forbes this morning written  by Roger Wu, cofounder of Cooperatize.com, detailing why his company decided to accept bitcoin payments. In the post, Wu outlines 5 major reasons his advertising platform has made the move to bitcoin: 1. Lower Transaction Fee's 2. Less risky than currency 3. Security 4. Publicity 5. The Bitcoin Protocol We certainly…

Continue Reading

Hackers Attacking Bitcoin

Earlier this week two of the largest bitcoin exchanges were attacked by hackers. One was the Slovenia-based Bitstamp, and the other was the Bulgaria-based BTC-e. Both exchanges reported experiencing long delays in certain transactions. During these delays, the trade still happened but the customers couldn’t get their money. These are referred to as “denial-of-service” attacks. Essentially hackers overwhelm the system with…

Continue Reading

India Still Weary of Bitcoin

Last year the Reserve Bank of India (RBI) issued an official statement warning people that bitcoins should not be trusted. They also voiced concern over the potential for bitcoin to be used for money laundering and in support of terrorist activity. This year, the RBI has a new governor, and their position has not changed. Raghuram Rajan, the new governor of…

Continue Reading