605
USD/BTC Price
10,357
24h BTC Trade Volume
13,053
Thousand Total BTC
7,897
Million USD Market Cap
127
PHash/s Network

With the new world of cryptocurrency slowly dawning on people across the world, Bitcoin is progressively gaining momentum as companies and firms accept payment via virtual money.

More and more people are getting in to what Bitcoin and virtual currencies have to offer, and it's just a matter of time before this seemingly new way of paying will simply fade in to a fog of normality; paying with Bitcoin will be just as normal as taking a bank card out of one's wallet.

An almost inevitable consequence of conflict in the world is the effect it often has on involved currencies. The ongoing crises in Ukraine has brought the local currency, the Hryvnia, almost to its knees.

Currently worth less than 0.086 to the U.S. dollar from a 2013 high of 0.12, its spectacular devaluation has been exacerbated by the geopolitical inability of foreign countries to offer Ukraine significant financial assistance.

Former Federal Reserve chairman Alan Greenspan has said that bitcoin is an unsustainable bubble. But Greenspan and many other financial experts appear to have underestimated the validity of the digital currency.

Over the past few months, numerous Wall Street companies have considered trading bitcoins. And some analysts predict that bitcoin will transform Wall Street in the years to come.

Giving Bitcoin the hedge edge

Chief Judge Marsha J. Pechman of the U.S. Western District Court in Seattle has issued a restraining order effectively blocking the auction of bitcoins.com, the domain name famously owned by Mark Karpeles, CEO of defunct Bitcoin exchange Mt. Gox.

The domain name sale was highly anticipated, as well as what would become of the site after its development and re-launch.

NEW YORK (InsideBitcoins) -- Grooveshark, the online music streaming service, announced last week that it would begin accepting bitcoin as a form of currency. And the wave of acceptance for the digital currency is growing even larger, with additional companies jumping on the bitcoin bandwagon.

Grooveshark will be accepting bitcoin as a form of payment through its partnership with the firm, Stripe. The company is still testing its Bitcoin support.

NEW YORK (InsideBitcoins) -- Philipp Preuss of Southampton wants to sell his home. While accepting analog forms of payment like cash is always encouraged, Preuss is open to getting paid in bitcoin, as well.

Put on the market back in December, the listing got quite a bit of attention, including a write-up in the Wall Street Journal. The house is still on the market.

NEW YORK (InsideBitcoins) -- Bitcoin has permanently changed the way that people think about money and now it’s making an impact on the travel industry.

Proponents of this new digital currency have touted its amazing benefits in theory for years, but now there are real options on the horizon in travel.

Here are the top choices on land, air, and sea:

Latvia’s AirBaltic

NEW YORK (InsideBitcoins) -- We live in a world where simply a promise can bring a profit. The ‘biggest thing since Bitcoin” is a phrase already being bandied about, as if the most widely known but still all but anonymous cryptocurrency is now a thing of the past.

The ascender to the throne of 15-minute fame? Ether. An ironically named digital currency born of a blockchain technology named Ethereum.

NEW YORK (InsideBitcoins) -- A Mt. Gox creditors’ meeting, held this morning in Tokyo District Court, revealed few new details regarding the disposition of the defunct exchange’s bankruptcy. Nobuaki Kobayashi, the bankruptcy trustee, said he is continuing to search for a company to assume the business and that “several companies showed interest and I continue to conduct the selection process.”

No new information was presented regarding the disappearance of approximately 850,000 bitcoins, currently valued at more than $500 million.

NEW YORK (InsideBitcoins) -- PayPal looks at Bitcoin and sees a great deal of potential, but unfortunately the vision is less than clear -- obscured by a thick regulatory fog that looms over the digital currency.

In fact, according to Roman Leal, a member of the Corporate Strategy team at Paypal, the greatest opportunity may be in its technological implications well beyond simply payments.

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