bitcoin 51 percent problem

What If This Doesn’t Work? GHash.IO Tries to Live Up to Its Promise

NEW YORK (InsideBitcoins) — That didn’t take long. Yesterday, leading Bitcoin miner GHash.IO promised to limit its processing power to less than 40% of the digital currency system’s capacity. How would it accomplish such a “hashrate” cap? Apparently, the strategy...
world bank

World Bank Report: Bitcoin is Not a Ponzi Scheme

NEW YORK (InsideBitcoins) — Bitcoin may be a demand-driven “bubble,” but it is no Ponzi scheme, says Kaushik Basu, World Bank chief economist and author of ‘Ponzis: The Science and Mystique of a Class of Financial Frauds.’ “Contrary to a...
Payfast

South African Payments Processor Now Accepting Bitcoin

NEW YORK (InsideBitcoins) — Bitcoin holds the promise of reducing the exorbitant fees involved in money transfers in developing countries, as well as serving the millions of “unbanked” individuals in the world. Payfast, a payments processing service for South African...
bitcoin acceptiance

In at the Beginning: Nearly Three-Quarters of Americans Unaware of Bitcoin

NEW YORK (InsideBitcoins) — Time and time again, it’s been proven: the so-called “general public” has no idea what Bitcoin is. That is one reason that you’ll find our news coverage here at InsideBitcoins will either delete or define industry...
bitcoin CPA education

CPAs to Learn About Bitcoin: All the Way to the General Ledger

NEW YORK (InsideBitcoins) — You know that Bitcoin is going mainstream when CPAs start getting serious about it. The American Institute of CPAs (AICPA), the world’s largest member association representing the accounting profession, with more than 394,000 members in 128...
bitcoin

Andreessen Horowitz Backs Bitcoin Data Provider

NEW YORK (InsideBitcoins) — Venture capital investments into Bitcoin related companies are reaching a fever pitch, with multiple announcements each day. Today, the Wall Street Journal is reporting Andreessen Horowitz and other investors, including Second Market’s Barry Silbert, Devonshire Investors,...
bitcoin real estate

Real Estate Investors Can Stake Their Claims with Bitcoin

NEW YORK (InsideBitcoins) — Real estate investors can now finance their investment projects with bitcoin, as Sequoian Investments, a real estate lending firm, has announced its acceptance of the digital currency. The company provides financing to real estate investors who...
Millennial

Nearly Half of Gen-Y Says Ban Bitcoin

NEW YORK (InsideBitcoins) — Young adults, aged 18-29, generally encompassing the generation known as Millennials, favor marijuana legalization, free markets and the Democratic party but when it comes to Bitcoin, nearly half say it should be prohibited. That’s the surprising...